Chapter 23 Don't play like this!
Chapter 23: Don’t play like this!
Chen Manhua looked at Li Mingjiu and others who were a little surprised. Beichi announced to everyone, "From today on, Panshi Longquan Mineral Water Company will be officially put into operation. In order to better develop the company's business and increase brand awareness, our Indonesian headquarters plans to invest additional investment, integrate the assets of the entire Longquan Company, and strive to list in Canada."
Many media reporters came, and many business people also came. When they heard what Chen Manhua said, they immediately became noisy.
A domestic company that has just been established has not yet been built, so it is necessary to think about going abroad to list. This idea really makes everyone unable to react. Isn’t it said that the conditions for listing abroad are very harsh? Why is Ms. Chen so relaxed when she talked about this matter like playing house?
After hearing Chen Manhua's words, Li Mingjiu was a little unresponsive. He couldn't see what Chen Manhua was going to do for a moment. He first acquired the dividend shares jointly owned by the villagers of Malan Village, and then suddenly mentioned such amazing news at the listing ceremony. What did she mean?
However, the reporters' reaction was very fierce. What they needed was such a sudden big news, rather than an ordinary listing ceremony. Chen Manhua's sudden attack gave them an opportunity to explore in depth. How far can Longquan Mineral Water Company go? How much financial resources are there behind Chen Manhua? Can these funds and forces support Longquan Mineral Water Company to successfully gain fame in the short term, and enter the international capital market as she said? These are all issues that everyone is concerned about.
There are even reporters from several more powerful newspapers who are already secretly planning to track and report on Longquan Company. Such big news is not something that can be explained in just two or three articles. It needs to be discovered and reported in depth and meticulously!
Before they could react, Chen Manhua said another sentence, "According to the contract we signed, if the additional investment is added, the proportion of equity held by both parties should be adjusted accordingly. Our company plans to invest 50 million US dollars at one time this time to expand the equity."
The media reporters below and the business people who came to watch the ceremony heard this and started to make noise like a blow.
An additional investment of 50 million US dollars at one time! Can the mineral water source in Malan Village be worth so much? Although the development of mineral water is very simple, the investment in filling equipment and logistics is relatively large, and the cost is very low, but the 50 million US dollars is equivalent to more than 400 million RMB. If a bottle of high-quality mineral water is overwhelmed, it will be sold for two or three yuan. If you continue to sell it like this, when will this cost be recovered?
At this time, the domestic mineral water market was not developed, and not many people could afford to drink such bottled mineral water that seemed to be burning money. The contrast between such a large investment and almost unrecoverable investment made most of the people present confused.
Is Chen Manhua crazy? Or is he really not taking money seriously?
Li Mingjiu was also in a daze. He didn't hear anything else clearly, but he understood this sentence, the equity ratio adjustment! This is the most deadly sentence!
What is the basis for the cooperation between the two parties? Naturally, it is Chen Manhua's funds and the land reserves of the plain factory. Although Malan Village provides mineral water sources on the surface, it is also on the territory of the plain factory. In fact, they are just cheating and sharing a little profit. The two parties, not the three parties, mainly determine the shareholding ratio through funds and land reserves. If the other party wants to invest additional 50 million yuan at this time, the plain factory must also invest in response value assets in order to maintain the existing equity ratio.
However, where do Plain Factory look for so many high-quality assets now?
In order to negotiate this business with Chen Manhua, Li Mingjiu has invested all the vacant land outside the factory into the new company, and replaced it with its shareholding rights in the company. At this time, unless the assets of the plain factory are injected again, where will he find money?
If he could get back the money at that time, would he still need to cooperate with foreign capital?
However, if Li Mingjiu and Pingyuan Factory do not immediately take out funds or assets that meet their shareholding ratio to inject into the company, the primary problem they face is the sudden decline in the shareholding ratio, which means that the current 30% shareholding ratio will suddenly drop to less than 5%!
In other words, Pingyuan Factory will go from the second shareholder of the new company to the second shareholder with 30% of the shares to the small shareholder with less than 5% of the shares. Does this joint venture have the status of Pingyuan Factory speaking? This kind of thing happened overnight, how could Li Mingjiu dare to imagine the prospects of tomorrow?
During the entire listing ceremony, Li Mingjiu didn't know how he came. He just felt that he seemed to be trapped in a huge conspiracy, a huge vortex that was not yet visible was slowly strangling him.
He didn't even know when the ceremony ended. When his subordinates came to help him back to rest, Li Mingjiu took a little while. He shook his head, trying to make himself more awake, and then began to carefully analyze the purpose of Chen Manhua's doing this.
"Even if we can't afford so much money, we are the only shareholders except Chen Manhua. We can't bypass us in the company's affairs? In addition, we have the advantage of the geographical advantage, no matter how powerful Chen Manhua has, it is impossible for us to kick us out of the company, right? No matter how strong the Raptors are, they can't suppress the local tyrants!" Li Mingjiu thought for a long time and always felt that he could not encounter real trouble. The only thing that could affect him was that the shareholding ratio of the second shareholder was too disparate compared with the major shareholder.
As long as the head office or department does not find fault with this equity ratio, no one can say that Li Mingjiu is doing something wrong, but what Li Mingjiu is most worried about now is that someone seizes this point and attacks him.
However, I have the best plan to do this. It is very difficult for someone to invest and cooperate with Pingyuan Factory in this way. Although the shareholding ratio is a little smaller, it is a big business of RMB 400 million after all!
Thinking of this, Li Mingjiu still felt a little excited. He was considering how to describe the report to the department. After all, the scale of this investment has increased tenfold at once, and some of the original materials cannot be used.
It seems that it is still a sleepless night tonight! Li Mingjiu rubbed his temples that were a little painful, and felt a little dissatisfied with Chen Manhua's decision that he had proposed such a big decision without discussing this with him. It was very embarrassing to me!
In general, this is still beneficial to me. I have lost some face, but I have gained actual benefits! The exponential growth of the investment scale means that the future returns will be much greater. In this way, the growth of the market size will be geometric, and the benefits that the plain factory can obtain are far more than 30% of the previous ones.
Stimulated by the scale effect, Li Mingjiu believes that the returns of the plain factory can more than double.
Regarding the sudden increase in investment by overseas Chinese in Indonesia by 50 million US dollars, it appeared in the Panshi Evening News column that night, and this incident caused an uproar.
Fan Heng was watching TV at home. When he saw the chaotic scene after Chen Manhua spoke the amazing news at the listing ceremony, he couldn't help but ask his son Fan Wubing, "What are you doing again? It's not a bad thing to increase the investment scale, right? But do you think that mineral water plant can be worth so much investment?"
Fan Wubing was making late-night snacks for his parents. Hearing this, he smiled and said, "Haha, it will be unveiled soon. These are just skits before the opening of the drama. What we need to do is to demonstrate to everyone how foreign capital has hollowed out the old foundation of state-owned enterprises."
"You guy is so bad!" Fan Heng said with a headache, "I hope you don't cause any big trouble, otherwise our family will not be able to afford such a heavy reputation!"
"This matter has nothing to do with you. You have already clearly opposed it before, and have pointed out that there may be a risk of losing state-owned assets. If they don't listen, it is because they are short-sighted and have no leadership skills!" Fan Wubing shook his head and replied, "As for me, who can prove that this matter was caused by me? Miss Chen is a patriotic overseas Chinese, and the investment in real money. Who can say that she is a liar?"
Fan Wubing nodded and asked curiously, "Who is Miss Chen? Is he really an overseas Chinese in Indonesia? Does she have so much money?"
Regarding Chen Manhua's additional investment, we must also give the Panshi Municipal Government a backup. Fan Heng also clearly saw that Chen Manhua's new investment and the previous investment of 5 million US dollars were at the same time. This means that they were not creating gimmicks out of thin air, but actually investing.
Compared with the situation where many foreign capital cannot be in place on time in China, Longquan Company's accounting problems are so good that they cannot be better. But the more this happens, the more difficult it is to understand Fan Heng's mind. Since he has invested, how can it lead to the loss of state-owned assets?
Fan Wubing did not explain much about this, but said, "Ms. Chen is from Northeast China, but with an Indonesian passport, isn't it an Indonesian Chinese? This is not a difficult thing. Moreover, she has many passports, including American, Japanese, British, Thai, and everything you want."
You are a professional team of scammers! Fan Heng curled his lips, but after all, he was not obliged to help Li Mingjiu dismantle his son's station. He really wanted to know how Fan Wubing hollowed out the state-owned assets of the plain factory? If this problem can be clarified, it will indeed have a warning effect on the landmines that may be encountered in the reform of state-owned enterprises.
Especially now, most state-owned enterprises have only begun to look for foreign capital that can be cooperated with, and have not yet reached the point of talking about marriage. If the problem of plain factories can be exposed in advance, the above can understand the loopholes in the reform of state-owned enterprises, and thus have a relatively good solution, instead of only being unable to deal with the problem through empty paper, and for these domestic economists who are helpless, the textual things are probably futile.
When you feel the stones across the river, no one has more experience than anyone else, unless those who are reborn.
"However, the major shareholder has invested so much money in, what will he do next?" Fan Heng couldn't help but ask Fan Wubing.
Of course, Fan Wubing could not have said anything without saying anything about his father, so he said seriously, "It was originally a commercial secret, but it would be okay to report it to the mayor."
Fan Heng laughed and scolded, "What kind of grandson do you think to me! Let's explain honestly!"
Fan Wubing smiled and said, "You know that Indonesia has a more than 50 million US dollars in investment. In fact, the economic conditions in Indonesia are very poor. Although overseas Chinese have money, they cannot expect to spend so much money on investment, right? So, many people have raised this money, one million, that two million, and a little more than four or five million. In this way, the number of shareholders will increase."
"So what?" Fan Heng asked curiously.
"Oh, Dad, you should understand this." Fan Wubing looked at his father Fan Heng, shook his head and sighed.
"Oh, son, I really don't understand this." Fan Heng shook his head and sighed as he imitated his son.
The father and son looked at each other for a long time and burst into laughter.
After laughing for a long time, Fan Wubing gasped and said, "Dad, you haven't felt so funny for a long time!"
"I have been under much less work recently, so I naturally have this leisure." Fan Heng smiled.
This sentence is a fact. In recent times, the financial situation of Panshi City has improved significantly. With the newly integrated glass factory and meat processing factory, two companies that make a fortune, the Panshi Municipal Government has begun to prepare for the construction of several large wholesale markets in the city, which has a relatively large stimulus for the economy. As the Panshi Municipal Government has successively launched several powerful commercial stimulus plans, merchants have also been attracted and began to flow from the surrounding areas to the Panshi.
In short, the economy of Panshi City is on the eve of its overall takeoff, and before that, everyone must not worry about not paying their financial salary.
"With more shareholders, there will naturally be more people with the right to speak. If someone raises the faction or something, a new major shareholder may soon appear. At that time, who will dominate the company's development will not be certain!" Fan Wubing continued the topic just now and said to his father Fan Heng, "Just just say, if people are dispersed, the team will be difficult to lead. Do you think that under this situation, under the background of the equity-dominated competition for the new company, the opinions of small shareholders like Pingyuan Factory will be respected enough?"
Fan Heng thought in his mind that Pingyuan Factory's equity has shrunk significantly, less than 5% of it. Such small shareholders are naturally at the mercy of others, or they still have the right to speak at the shareholders' meeting, but the decision-making power has long been transferred. "So that's how you seize control of state-owned enterprise partners. This is obviously a way to use the advantages of capital to bully people."
"Dad is right!" Fan Wubing nodded in agreement, "What is the basis for foreign capital entering China to invest in the market? Isn't it just to suppress people with its principal? Who told them to have money? But this is not absolute."
"Is there anything different?" Fan Heng asked.
"Capital cannot be simply understood as capital." Fan Wubing explained, "In fact, what is most needed in China at present is not necessarily a large amount of development funds, but advanced management technology, market control means, and high-tech R&D capabilities."
Fan Heng nodded and admitted that his son was right, but it would be more difficult to introduce these things than to introduce funds. How could Western countries that are hostile to China easily give up high technology? Even if they occasionally introduce some, they are attracted by the advantages of the world factory with relatively low human resources in mainland China and use some third-rate technologies to develop.
For those truly advanced high-tech, Western countries have blocked us very heavily.
Li Mingjiu was a little dizzy. When he participated in the first board of directors of Longquan Company, he suddenly realized that he was no longer the second shareholder overnight!
There were more than a dozen black, white, red-skinned guys sitting in the conference room. I really don’t know where these people came from. But when Shen Manhua introduced them, each of them held more shares than the amount that Pingyuan Factory holds now, and several of them even reached more than ten percentage points.
Li Mingjiu realized that he had been undermined or marginalized! In the future, he probably had no right to speak in the board of directors except for receiving dividends!
"I didn't expect the situation to become so complicated. I was originally responsible for finding an investment direction for all aspects of funds. Who knew that everyone was very interested in this mineral water source, so it turned out like this. However, when Director Li proposed the intention to inject capital, he didn't seem to have any objections." Shen Manhua said to Li Mingjiu with a little embarrassed.
Don’t play like this! Li Mingjiu was a little crying at this time!
How did I write a report to it?! After a long time, I sold out a large area of land reserves and built a high-quality mineral water source, and then I got such a small shareholder status that is not painful and unrealistic. I don’t even have five percent of the equity! And it’s the one with the least number of shares held by this group of shareholders!
Li Mingjiu is sure that if his report is handed over like this, he will definitely be caught and may even be detained as a big hat to sell state-owned assets and sacrifice the interests of the people. He will never be able to make a comeback in his life.
"What should I do?" Li Mingjiu was anxious. He looked at the shareholders in the room who were arguing endlessly about something, and felt that it was meaningless to waste time here. It was urgent to go to the department quickly and try to dilute the matter. The previous publicity seemed a bit confusing at this time, so we had to eliminate the influence quickly.
So Li Mingjiu gave some of his confidants in the factory, brought a large amount of cash and rushed to the capital overnight.
Until around 9 o'clock the next morning, Li Mingjiu appeared in the office of a deputy minister of real power in the ministry with bloodshot eyes. He did not sleep all night and was just thinking about how to talk to the deputy minister.
However, the deputy minister, who had received many of his worship, seemed a bit weird this time. His eyes looked like he was looking at a dead person, full of pity and disdain.
"Okay, I know what you want to say." Before Li Mingjiu could speak, the deputy minister broke the deadlock first, and handed him a morning newspaper for today, and said coldly, "If you can say anything different after reading this newspaper, I am willing to listen to your report."
Li Mingjiu took the morning newspaper with some anxiety, and just took a look, then fainted.
I saw that the front page of the Morning Post that still exuded the ink smell was used to explain the cooperation projects between the Plain Factory and the Overseas Chinese in Indonesia. The front was very positive and inspiring, but a supplement was added later, which was the changes in the shareholder composition of the new company.
Finally, the author gave a big greeting, "Most of the land that originally belonged to Pingyuan Factory was owned by the joint venture through the dilution of equity. However, Pingyuan Factory's shares have become a big embarrassment. Who can tell whether this introduced foreign capital or emptied the family's assets?"
Chapter completed!