"Everything must be measured, do you think it is realistic to eat a fat man in one bite?" Qin Fan persuaded, at this time he felt as if Su Jian had been brainwashed.

In Qin Fan's cognition, all unscrupulous people can't avoid the fate of failure, just like Delong's Tang Wanxin.

Tang Wanxin, who started with 400 yuan, implemented a strategic reorganization of three old state-owned enterprises in accordance with his own business philosophy. To the outside world, this restructuring seems very grand and fascinating.

Taking Hunan torch as an example, this enterprise was originally just an old enterprise that produced "spark plugs", Tang Wanxin put forward the strategy of "large auto parts", first acquired 75% of the shares of MAT company, the largest importer of brake systems in the United States, and its nine joint ventures in China, so as to obtain a certain share of the American auto parts import market, and then controlled an automobile gear enterprise in Shaanxi, becoming a professional domestic leading enterprise in the bank.

Immediately afterwards, Hunan Torch issued announcements one after another, and various restructurings and joint ventures occurred with Dongfeng Motor, Shaanxi Automobile Group, Sinotruk Group, etc.

With more than 50 subsidiaries, Hunan Torch has become the largest enterprise in China's three industries of gears, spark plugs and military off-road vehicles, and is also the second largest manufacturer of air conditioning compressors and the largest exporter of automotive brake systems. Xinjiang Tunhe was originally a cement factory under the Xinjiang Construction Corps, but Tang Wanxin transformed it into a "red industry", successively acquired and built nine tomato paste processing plants, and once became one of the world's second largest tomato paste producers.

Shenyang Alloy was originally a nickel alloy manufacturing enterprise, with an annual sales revenue of only more than 40 million, after Delong became the owner, it successively acquired a number of power tool manufacturing enterprises in Suzhou, Shanghai, Shaanxi and other places, making it the largest professional manufacturer and exporter in the country.

Tang Wanxin thinks highly of his integration concept and believes that it is the corporate strategy of "No. 1 in the world".

Some economists also appreciate it, and Zhong Pengrong, an economist who has had close contacts with the Tang brothers, believes that "so far, few of China's private entrepreneurs have been able to achieve such heights."

Delong needs a lot of money to complete this series of mergers and acquisitions, and where does the money come from? Delong's technique of sitting in the bank is actually very simple, Tang Wanxin through the continuous release of good news and the integration of the concept of reorganization, the stock price is raised step by step, and then from it to make profits.

Since 1996, Delong's "troika" has spread its hooves, and the stock price has risen day by day, and when the "519 market" comes, Delong's system is even more "good wind." Send me to Qingyun", running all the way in the Chinese stock market, setting a record of soaring prices that made tens of millions of shareholders jaw-dropping.

(Around the same time, the annual turnover rate of stocks in the Chinese stock market reached 400%, and the average holding time was only about 3 months, while in the same period, the stock turnover rate of the New York Stock Exchange was 86%, with an average holding time of 1.2 years, and the annual turnover rate of stocks on the Singapore Stock Exchange was 30.2%, with an average holding time of 3 years.) The strong speculative color of the capital market has directly caused the distortion of the behavior of listed companies, which has greatly reduced the financing function of China's stock market, and basically lost the possibility for industrial companies to grow through this. ）

After three transfers of allotment shares, one share became 4.7 shares, and the stock price per share rose from 7.6 yuan to 85 yuan after the resumption, an increase of 1,100 percent; after four transfers of alloy shares, the stock price of the reinstated shares rose from 12 yuan to 186 yuan per share, an increase of 1,500 percent; Xinjiang Tunhe also sent allotment shares several times, and the stock price after the resumption was 127 yuan per share, an increase of 1,100 percent.

The three stocks controlled by a bookmaker have all risen more than 10 times in 5 years, and the whole country is looking forward to it, and there is no one else, so Delong has created a prominent name of "the first village in the world".

For a long time, "the stock is not good, the virtuous is famous, the price is not afraid of high, and the spirit is long", which has almost become the only way for Chinese investors to make money.

(By March 2001, Delong's dealers had made a total profit of 5.2 billion yuan from this activity.) ）

In the stock market frenzy of '99, it seemed so shining. In August, DeLong announced the purchase of the recently decommissioned aircraft carrier Minsk, the flagship of the Soviet Pacific Fleet, for $10 million, and pulled it to Guangzhou for a closed large-scale repair and transformation.

It was moored in Shatoujiao in Mirs Bay, Shenzhen, and became the world's first theme park with aircraft carriers as the main body.

The news caused a sensation, and since then, Delong has regarded itself as an "aircraft carrier" of China's private enterprises, announcing that it will "become a world-class company and enter the world's top 500" within five years.

If Qin Fan hadn't known about his final fiasco, he might have thought that he was a very "bully" reborn person!

In order to keep Delong's stock price at a high level, Tang Wanxin had to build an expensive and hidden financing platform. Since then, he has embarked on an extremely dangerous road of no return.

On the one hand, he has continued to make dazzling M&A announcements in the capital market and exaggerate the performance of industrial integration, as a means of speculation to stabilize and raise stock prices.

On the other hand, Delong founded and controlled a number of trust and financial institutions, and at the same time carried out entrusted wealth management business in various legal or illegal ways in various fields such as banking, securities, financial leasing, insurance, and funds. Delong raised a total of 25 billion yuan through these means.

This gray and irregular mode of operation has gradually transformed Delong into a financial monster of astonishing scale and extremely dangerous.

In order to find funds, DeLong has almost reached the point of exhausting himself.

Under the deployment of Tang Wanxin, Delong will take 1,872 enterprises with annual sales revenue of more than 50 million yuan as key customers, and allocate them to many securities financial institutions according to geography for development in the form of carpet search.

When an enterprise needs a comprehensive financial service, banks, trust companies, securities companies, leasing companies, and insurance companies that have a business agency or equity relationship with Delong will come to the door separately to provide services in the name of different financial institutions but in a collaborative manner.

They sign contracts with enterprises in the name of entrusted financial management, and there are two copies of this contract, one for the inspection of the regulatory authorities, and the other "supplementary contract" indicates that Delong promises a guaranteed return, which is confidential.

......

A few years later, Tang Wanxin was formally arrested on suspicion of taking public deposits in disguise and manipulating securities trading prices for illegal profits.

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"It is suspected of the crime of illegally making profits by absorbing public deposits in disguise. Qin Fan chuckled and muttered, then looked at Su Jian and Fang Fang still looking at him.

Qin Fan asked, "If you follow the expansion of Ai Valley, don't you calculate how much money you want?"

"There are about 20,000 gas stations, and it takes nearly 20 billion ......," Su Jian said hesitantly.

"More than 20 billion, you dare to think that if such a big plate is not careless for a while, Brother Su, you may be able to sit in prison. Qin Fan shook his head and said.

"I'm not reliable when I say it, now we have more than a thousand on hand, and we can make a lot of money when the time comes, so why be so greedy. Fang Fang persuaded uncertainly.

"I don't know what you guys think, but I'm doing business with stability in mind. Qin Fan continued, since he set foot in the business, he adheres to the principle of not cheating or robbing, paying taxes according to the law, and never patrolling on the edge of policies and laws and regulations.

Flukes and irregularities can wipe it all out.

"Why are you hanging from a tree, let me tell you again, even if you can raise 20 billion, you can buy 20,000 gas stations as you wish, but if PetroChina and Sinopec don't supply you with oil, what should you do?

......

"And if you buy too much, Sinopec must have an opinion, and you will make them anxious, and the gang of people who will go up to beat your little report will be made when that time comes!" Qin Fan continued to laugh.

"Fanzi, do you mean we stop here?" Fang Fang looked at Su Jian, whose face had changed, and asked on his behalf.

Qin Fan nodded and said, "It's almost enough, and there are many places to make money." ”

Frustrated, Su Jian came to his senses and hurriedly asked, "Where else is there?"

"If you have spare money, you can go to Beijing and search for better courtyard houses, and buy as much as you want. Qin Fan remembered the scene when he went to Beijing in eight or nine years.

Beijing's old courtyard is a non-renewable resource, with the renovation of the old city will be less and less, the price is more and more expensive, and the well-preserved courtyard, that is, the building remains regular, the courtyard covers a large area of about 800 in total, but most of the courtyard has become a crowded miscellaneous courtyard, coupled with disrepair, serious damage.

This is also the risk of buying a courtyard house, in case the purchased one is demolished in the future, it will be a big loss.

"Courtyard?" asked Su Jian puzzled. Now he feels that Fanzi always comes up with one set after another to talk to him about the gas station, and in the end, he pulls out the "courtyard" thing.

.......................................................

"I think they're a little crazy. Tang Yue, who had been silent for a long time, couldn't help but say after they left.

"In the face of huge profits, it is difficult for ordinary people to keep a clear head. Qin Fan said with a smile.

"I'm starting to hate them a little bit, and we're together so well, and they just come over and talk about. Tang Yue said dissatisfiedly, Qin Fan, who said that he was good, went to cook for her, but they ruined the atmosphere.

"Didn't they compensate you?" Qin Fan chuckled.

"What do you mean by compensation? I don't even know what they mean, what hot springs should I go to on a hot day?" Tang Yue said disdainfully.

"Oh, where is it?" Qin Fan suddenly remembered the hot spring house that Jia Sheng had built a few years ago, but he had never been there.

"Lujiang Bantang Hot Spring. Tang Yue didn't know what to think, she looked at him with a smile, as if asking him: I don't know if I want to go, or go?

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