Steel Tycoon Reborn

Lord Snow Eagle

, Legend of the Dragon King

, super soldier

, Cultivation: Overturning the Rain and Turning the Clouds

, Martial Arts Supreme

, Eternal Night King

, my neighbor is a banshee

, fairy wood legend

The listed company issued additional shares to Zhongxin for the acquisition of the shares held by Zhongxin in the first and second factories of Meishan Iron and Steel, with a lock-up period of up to 24 months.

During the lock-up period, this part of the stock is prohibited from being publicly reduced in the securities market, but part or all of the stock can be transferred to other investment institutions in the form of equity trading.

Sun Yalin wants to transfer this part of the additional shares to cash out and prepare start-up funds for the Xinpu Refining and Chemical Project. At this time, she has to start looking for institutions that are willing to take over.

The next day, Shen Huai first summoned Song Hongjun, Wang Kangqiao, Qian Wenhui, Shao Zheng and others in Xucheng to discuss the matter.

Song Hongjun and the others all felt that Sun Yalin's package transfer of the additional shares held by Zhongxin was too lossy.

After the domestic stock market was quiet, it began to rise sharply in 1996. The Shanghai Composite Index surged from 600 points at the beginning of the year to more than 1300 points by the end of the year. The daily trading volume of the two markets exceeded 10 billion, 20 billion, 30 billion three-way mark.

Under the background of the current securities market, the price-earnings ratio of domestic listed steel companies once rose to as high as 16 times.

The net profit of Meishan Iron and Steel Group in 1996 exceeded 500 million yuan, of which the net profit attributable to Meishan Steel's No. 1 and No. 2 plants was 380 million yuan.

Calculated at a price-earnings ratio of 16 times, the market value of the assets that Meigang will be classified as a listed company can theoretically reach 6 billion.

Of course, neither the local securities institutions nor the securities regulatory department in Xucheng City can accept such a high market value assessment of Meishan Steel's No. 1 and No. 2 plants. As a result of the final negotiation, the market value of Meishan Steel's No. 1 and No. 2 plants was only calculated at more than 2.6 billion, and the calculated price-earnings ratio was less than 7 times.

This is also a key factor for the stock price of listed companies to rise in the re-opening trading, leaving enough room for imagination; it is also a key factor for the local securities institutions in Xucheng to be willing to spend more than 300 million cash to participate in additional issuance and actively promote backdoor restructuring.

Even if there will be a lock-up period of up to 24 months for the additional issuance of shares, as long as this additional issuance and reorganization is played beautifully, the circulating shares of the listed companies previously held by the local securities institutions in Xucheng will further increase in value. , reaching a high of six yuan per share is an easy thing.

The additional tradable shares held by Zhongxin have a lock-up period of 24 months. At this time, they must be resold as a whole, with a 50% discount, and they can be transferred out at a price of three yuan per share, thank God. Moreover, domestic securities investors have a strong speculative atmosphere, and most of them will not be willing to take over stocks with such a long lock-up period, and they can only find buyers from overseas.

Fortunately, Zhongxin is a foreign stock, which also provides a roundabout channel for foreign capital to enter the domestic securities market. However, if foreign capital wants to directly enter the domestic securities market, the approval process will be extremely complicated.

In 1993, SITC joined forces with Evergreen Group, and only received a quota of 20 million US dollars.

Of course, if Sun Yalin is just cashing out, it's nothing.

Zhongxin has invested a total of 20 million US dollars in the first and second factories of Meishan Iron and Steel, almost all of which are Sun Yalin's personal assets. Even if Shen Shan provided Zhongxin with a bond financing of US$10 million, Sun Yalin inherited it in her own name.

Even if Zhongxin empties all the additional shares in its hands, it will indirectly hold about 40 million shares in the listed company through Meigang Group. Sun Yalin personally cashed out 500 million funds, which is almost the net return on investment in the past three years.

Even if it cannot be cashed out at the highest point, the investment return of RMB 500 million can be obtained, which may prove how successful the industrial equity investment in Meishan Iron and Steel Co., Ltd. has been in the past three years.

It's just that Sun Yalin put out 500 million funds and put everything into the start of the Xinpu refining and chemical project. Her boldness still scared Song Hongjun.

"You trust Shen Huai so much, aren't you afraid that he will make you miserable all of a sudden?" Song Hongjun asked.

Shen Huai kicked the chair Song Hongjun was sitting on, and asked, "How did you say that? What is a pitfall, is there a pitfall for pulling you to invest in Meigang? You were more courageous, and your steps were bigger. , do you need to see Sun Yalin's face at this time?"

Everyone laughed.

Although Song Hongjun also participated in the investment of Meishan Iron and Steel Plant No. 2, although he could mobilize more funds than Sun Yalin at the time, his actions were much more conservative than Sun Yalin, who was willing to go out at the time, so that in the end he held the rights and interests of Meishan Iron and Steel Plant No. 1 and Plant No. 2. , only about one-third of Sun Yalin's.

After the successful reorganization and additional issuance, Song Hongjun's personal assets will also increase to 500 million yuan. In the domestic rich circle, it can be said that he is a rare figure, but Sun Yalin has surpassed it all at once.

Sun Yalin has often used this matter to stimulate Song Hongjun these days.

Song Hongjun shook his head and said, "This mother-in-law is so ruthless that she can't learn, and she doesn't dare to learn. Besides, she lost cleanly, and her father still has hundreds of millions of properties waiting for her to inherit. Who am I to cry for?"

"Why, you want to shrink your head again?" Sun Yalin asked provocatively, "You should pay 200 million yuan anyway, so don't lose your head in front of me in two years."

"Now Hong Kong is really not optimistic about the refining and chemical industry in the mainland. I estimate that Hongji's side can raise 100 million yuan first." No matter how excited Song Hongjun is, he will not let go.

"Okay, when will Xinpu start the refining and chemical project, you need to prepare for the 100 million yuan..." Shen Huai said.

Previously, Zhongxin and Hongtou planned to participate in the investment of Xinpu Refining and Chemical Project in the form of industrial equity investment funds.

In this kind of equity fund, Sun Yalin and Song Hongjun only need to invest 20% of their own funds, and the other shares will be jointly invested with funds raised from Hong Kong, Paris and China business circles.

In this form of investment, for Sun Yalin and Song Hongjun, the risks they bear are controllable.

Even if the total investment in the project reaches 200 million, Song Hongjun's personal investment is only 40 million, and if he loses it, he will put 40 million in; and once the investment has a high return, they can also get additional management dividends .

Now the Chinese business districts in Hong Kong, London, and Paris are afraid of the high risks of investment in the internal refining and chemical industry, and are unwilling to enter the market; if Song Hongjun still promises an investment of 200 million yuan, he will have to take the lead personally, and the risk will increase sharply. .

Song Hongjun and Sun Yalin, whose net worth has worked hard for these years, can promise to take 100 million to participate in the project launch at this time, and Shen Huai is not dissatisfied.

********************

There is still the final approval process to go through the backdoor reorganization. Qian Wenhui, on behalf of Mei Gang, will lead people to enter Xucheng for oil refining.

In addition to guarding against people in Xucheng who may be restless and make some small moves of asset transfer, the preparations for the construction of the Zhunan Refinery and Chemical Base have also started immediately. After the backdoor restructuring plan was reviewed, the construction of the Zhunan Refining and Chemical Base was quickly started.

Jiang Kangsheng and others left Xucheng in the morning, and Shen Huai and Sun Yalin also went to meet Yao Ronghua and have lunch together.

There is really no good news on Yao Ronghua's side. Yexin Bank has not reduced its credit extension in Donghua. There will definitely be a miscarriage, and there is no possibility of implementation.

"The State Council has issued a policy requiring some prefecture-level cities to set up city commercial banks on the basis of urban credit cooperatives, and at the same time stop the approval work for new urban credit cooperatives," Yao Ronghua also put forward his suggestions for Xinpu's next financing work. Huacheng Credit Cooperative has accumulated a large amount of non-performing loans, which are inferior assets in the banking industry, but this is also the only financial license of a regional commercial bank that Donghua can hold. With the development of Donghua's economy, Donghua City has The business still has great potential for development…”

"City Credit Union has accumulated a lot of rotten debt, and no one is willing to take this rotten plate," Shen Huai pouted and smiled bitterly, "But if you want to form a city commercial bank, can you give Zhang Lisheng to me?"

"It is difficult for Yexin to directly insist on the construction of Xinpu in a short time. However, if Meigang wants to revive the city commercial industry in Donghua, Yexin may participate appropriately. As long as the shareholding does not exceed 30%, it is better to control about 20%. It's more appropriate, I can still call the shots. On Zhang Lisheng's side, it's up to you to do his work." Yao Ronghua said with a smile.

Shen Huai laughed and said, "It's not that there is no good news on your side..."

At present, the total loan plate of Donghua City Credit Union is only five or six hundred million. Even if all the credits released are rotten, even if it is only for the only financial license of Donghua, it is worth fighting for.

However, the rectification and management of commercial banks need human support from Yexin Bank to be possible.

Yao Ronghua agreed to let Li Sheng come over, and will also promote Yexin Bank to participate in the establishment of Donghua City Commercial Bank, which is also a very strong support.

"I went back to Yanjing for a meeting this time, and Mr. Shen also flew over from Paris specially," Yao Ronghua said, "After so long on the plane, Mr. Shen is in good spirits, but it's a pity that the stay in China was too short, otherwise he would have arrived. Meixi took a look..."

Shen Huai nodded silently, if it weren't for the dangerous situation on Mei Gang's side, Grandpa Shen Shan would not have escaped from Paris at such an old age. Can not stay in the country for too long, but also because of physical discomfort.

Although grandfather Shen Shan completely retired, UU read www.uukanshu.com, but as one of the elders who participated in the founding of Yexin Bank on behalf of the Evergreen Group, he has also held important positions such as supervisor of the head office for many years, and his influence within Yexin Bank cannot be ignored. .

When Yao Ronghua lived in France in his early years, he was a financial institution in which Changqing Group participated and was also recommended by his grandfather Shen Shan to enter Yexin Bank.

Shen Huai sometimes can't help but sigh, no matter how many "he" betrayed him before, there were still so many people who cared about him behind him.

After returning from Yao Ronghua's side, Shen Huai immediately called Xiong Wenbin to talk about the city commercial bank.

In the past, Donghua's urban credit unions were mainly funded and established by municipal state-owned enterprises. Earlier Shigang and Tianshenggang Power Plants were nominally major shareholders of urban credit unions. The reorganization of Shigang and the Tianshenggang Power Plant were taken over by Huaineng, and its shareholding in the City Credit Union was also spun off and taken over by the city.

Shen Huai negotiated with Xiong Wenbin that the restructuring of other municipal enterprises, the Meishan Iron and Steel Department can make the biggest concessions, but it is necessary to insist that the equity of the municipal and municipal state-owned enterprises in the city use association can be taken over by Donghua Jingtou. However, together with Yexin Bank and Meishan Iron and Steel Group companies, we will inject capital to form Donghua City Commercial Bank; regardless of the previous bad debts, we will first hold the only financial license in Donghua.

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