What is the situation on the Qianhe flavor page, of course everyone present understands. Although it is undeniable that there are some non-compliant practices in commercial sales.

But Wu Chaoqun admits that he has not done anything hurtful. It's not because gold and silver wealth have annihilated human nature! What can be done and what can't be done, these Qianhe pages still have their own bottom line.

As for the production date and so on, for cellar vinegar and soy sauce, the standard is the standard, but who says that aged vinegar is not delicious? Who says that soy sauce will spoil after a long time?

Wu Chaoqun looked at Li Yan in front of him, nodded and said, "You give me a certainty! Let me accompany you to go crazy once!"

Who dares to say that the capital operation is 100 percent profitable? Even if Li Yan now thinks that the capital operation of Qianhe Weipage is under his control, Li Yan is only 80 percent sure.

"Eighty percent! I'm only eighty percent sure!" Li Yan groaned for a moment, nodded at Wu Chaoqun and the others, and said word by word.

"That's enough! as long as you're 60% sure. I'm willing to go crazy with you once!" Wu Chaoqun said this, looking at the posture, he planned to really pledge the equity of Qianhe Flavor Page, and then launch a repurchase operation to cooperate with Li Yan.

Wu Jianyong on the side frowned, turned his head and asked Wu Chaoqun, "Brother, we don't have any money!"

"Yes...... So I plan to listen to Li Yan's suggestion, use the equity in the hands of all of us, and share the proportional quality ......" Before he finished speaking, Wu Jianyong, who had already been unable to hold back his excitement at this time, suddenly slapped the table and said, "Brother, I don't agree!"

Wu Jianyong is really excited, on weekdays, he always calls Wu Chaoqun on the Qianhe flavor page as Mr. Wu, and today he is already called brother. It's easy to see what emotions are involved.

Seeing that the two of them were about to choke, Li Yueting suddenly stood up and walked in front of Wu Chaoqun and said, "Mr. Wu, I want to introduce a friend to you." ”

"Introduce a friend?" Wu Chaoqun asked Li Yueting with a confused expression. And at this moment, Li Yan thought that when he was done, he never expected that someone would suddenly jump out to stir up the situation.

Li Yueting didn't respond to Wu Chaoqun, but just asked, "Do you mind, I'll make a hands-free call?"

"Call whom?" Wu Chaoqun asked.

"Chu Yunfei!" Li Yueting responded with a smile.

Wu Jianyong was also a little confused, and subconsciously asked: "Chu Yunfei?"

It may be that Liang Jian has seen too much, and Wu Jianyong's first thought is naturally that Chu Yunfei.

"Uh...... The name is the same, not a person. After Li Yueting glanced at Wu Jianyong a few times, she hurriedly explained.

At this moment, Wu Chaoqun looked at Li Yueting intently, and finally shook his head to show that he didn't mind.

Li Yueting took out his mobile phone from his pocket, made a call, and directly put the mobile phone in the center of the conference table in "hands-free" mode.

After a few beeps, the phone was quickly connected.

"Mr. Chu. Li Yueting hurriedly greeted him.

The voice of the person on the phone was calm and thick, which made people unconsciously think of Chu Yunfei with thick eyebrows and big eyes.

After a few words of greetings, Li Yueting directly led the topic to the pledge.

Chu Yunfei on the phone seemed to be smoking, and after taking a deep breath of the cigarette, he heard him say slowly: "In my life, all the winds and waves have come over, but I didn't expect that before retirement, there would be a life-and-death fight, why did you still mention the pledge?"

During the conversation, Chu Yunfei said helplessly: "Yueting, you don't know, except for the company's shares, don't look at my family assets of more than 500 million, but now, together with the company, I, Chu Yunfei, have more than 8 billion debts." What I used to have and what I have now will not be mine one day."

Wu Chaoqun glanced at Li Yan who was staring at this time.

In the exchange of words between Li Yueting and Chu Yunfei, everyone heard several very sensitive messages.

First of all, not long ago, Chu Yunfei just pledged all the shares of the listed company he held. Of course, everyone has also noticed that the market value of Chu Yunfei's equity was discounted in half and he got a loan of 1.5 billion, and the proportion of pledged shares was as high as 38% of the total share capital, close to 40.

At this time, Wu Chaoqun suddenly heard Chu Yunfei snort heavily on the phone and said: "Actually, who doesn't know that equity pledge loans are a pitfall, but there is no way! Many expenses are not unimaginable to insiders, and the company has almost never been short of money in the past."

Li Yueting and Chu Yunfei have known each other for three years in the blink of an eye, since Chu Yunfei is only a machinery and equipment company with an annual output value of about 200 million, everything even has to start with the boss.

"Think about the scene of meeting back then, it's like a world away. Chu Yunfei on the phone muttered.

Once on an errand, Li Yueting happened to see Chu Yunfei alone, who was slightly more than ten years older than him, so he invited Chu Yunfei to play together.

After going back and forth, Chu Yunfei and Li Yueting became good friends, Li Yueting's professionalism and personality, Chu Yunfei's diligence and business ethics all attracted each other.

Li Yueting believes that precision manufacturing enterprises like Chu Yunfei, who are technology-based, have standardized management, never owe wages to employees, never have commercial disputes, and have good annual profitability, should become the main component of China's capital market, and the commercial market, if they do not advance or retreat, if they do not quickly become bigger and stronger, they are very likely to be eliminated.

With the help of Li Yueting, Chu Yunfei quickly succeeded in transformation, through the introduction of merger and acquisition capital, horizontal acquisition and expansion, and a number of production capacity, customer markets, technology, etc., sales exceeded 2 billion in a few years, with an average annual growth of several times, and finally in front of the bell of the small and medium-sized board as gorgeous as summer flowers, and like the prosperity of fireworks.

It was also at that time that the rapid recovery of China's M&A market accelerated.

At this time, I heard Chu Yunfei spit out the bitter water version and said: "Do you know why I jumped out of the business idea that has always been cautious and steady?" At this time, Chu Yunfei stared at the teacup in front of him and didn't want to leave, and said slowly: "It's all vanity"!

Chu Yunfei sold 200 million yuan a year ten years ago. The net profit is about 15 percent, and Chu Yunfei's life is already unattainable and extremely comfortable for many people. In addition to buying property and sending her daughter to study abroad, the money earned is the family's expenses, and the rest is lying in the bank.

"At that time, my own mentality was really bad, why do I have to compete with others?" Chu Yunfei was just embarrassed for a moment, and then continued to say on the phone: "There are some things that fate has arranged...... It seems that there is no way to hide. ”

Chu Yunfei's friends in the business circle introduced him to a high-end club to ride a horse, and by the way, he took him to the box to say hello to a bigwig of a 10-billion-level listed company, but the other party didn't get up, and he didn't even look at him, let alone give him a seat.

"I'm not bad for money, why should you look down on me?" Chu Yunfei didn't blame this big guy for being so impolite, thinking that whether he had cultivation or not was the other party's business, and it had nothing to do with him, but this wretched spirit still touched him a lot. But I didn't take it too seriously.

It didn't take long for a new top-level club to open, and the basic requirement for shareholders and members was to earn more than one billion yuan, and friends took Chu Yunfei to the venue, and there were only about 20 people in the audience, and Chu Yunfei didn't know any of the others.

The host is very polite, Chu Yunfei is usually not very good at socializing, so when he was bored, he casually took a bottle of red wine and poured half a glass, and drank Chu Yunfei's action in two sips, and was discovered by a big guy, maybe he drank too much, or he had a loud voice, "Why did you drink red wine like this? At first glance, it looks like a bun! Who let you in? I paid five million, how can I be in the same circle with him"?

Chu Yunfei left the club in full view of everyone, and that time he had mixed feelings in his heart, "Is it five million? Lao Tzu also has it"!

Contempt: Living happily and freely is the real life, and it is not worth changing oneself purely for the judgment of others and the eyes of others. This is a disease, and it must be cured!

After the embarrassment is on the golf course. To be honest, Chu Yunfei doesn't like this sport, but it is popular in the circle, so he will experience it first, buy a set of equipment casually, deal with it, and make another plan if he likes it.

As a result, along the way, the entrepreneurs who participated in the event basically did not discuss their football skills, nor did they communicate much about business matters, but mainly did two things, one was to casually row and pull and then bet on the number of strokes, and the amount of money that broke out ranged from 108,000 to 100,000. The rest of the people compare the price of equipment, your 300,000, my 500,000, and a white uncle, it looks like that!

He pointed to his utensils and said that the whole set added up to more than 1.3 million, and as a result, the champion won universal "respect", but the person who played the best was sitting in the back row of the dinner table.

So, Chu Yunfei took the initiative to contact Li Yueting and told him that he wanted to become a member of China's top circle, and at the same time participate in various advanced business etiquette training.

And Li Yueting's insurance supervisor lived up to his trust, and sent Chu Yunfei's company to the small and medium-sized board in 2014, with a market value of 9.8 billion on the opening day. Chu Yunfei got his wish and became a "master" of the new class.

Mergers and acquisitions: a moment of pleasure and blood all the way

Behind the aura, there is endless bitterness.

In order to realize the dream of the big boss of a 10-billion-level listed company, Chu Yunfei has suffered a lot, although he is already much luckier than most small and medium-sized entrepreneurs.

Later, many things happened, and Li Yueting faintly felt heartbroken when he thought about it at the moment. For example, after securities companies intervene in the company's share reform, introduce equity investment and strategic investment, use M&A funds and industrial funds, bank loans, etc., and adopt a series of means such as cash acquisition, absorption merger, and equity replacement. The company's overall revenue is more than 2 billion yuan a year, the fixed output is about 1.5 billion, and the net profit is about ...... The debt ratio is not even 15 percent.

When Chu Yunfei's actual debt ratio exceeded 15 percent, in addition to borrowing money from relatives and friends, he mortgaged everything his family could mortgage to take out loans.

Chu Yunfei said slowly: "If I am not mistaken, in the first two years, my total financial cost should be more than 100 million. ”

Over the years, Chu Yunfei doesn't look like he has a lot of money in his pocket, but in fact, he is not as good as an executive's financial freedom.

He also has an expense to make leverage. For example, a structured M&A fund, according to 10 times leverage, 200 million scale, Chu Yunfei needs to take out 20 million to be inferior, and sometimes he will share a part, of course, there are also those who do not need Chu Yunfei to invest in inferior.

Chu Yunfei revealed that the value of his family's real estate is about 80 million, the loan is 50 million, and the loan for buying land, plant and equipment is 1.2 billion.

"There are even some assets that are re-mortgaged, which is inconvenient to say."

Chu Yunfei said in a deep voice on the phone: "Before going public, I took money from brokers, banks, equity investors, and other financial institutions, which should add up to more than 6 billion yuan, to put it bluntly, is there still a shortage of money?"

The main reason is that the foundation was too weak at that time, tens of millions of reserves went to mergers and acquisitions, and the leverage was too large, and Chu Yunfei, who reached the company's total assets at the highest time, still has lingering palpitations.

"At that time, I was also a ghost, supporting the bold and starving to death, as long as the listing was unsuccessful, I would either run away or jump off the building......" In addition to subjective reasons, Chu Yunfei has actually been swayed by capital.

opened the chatterbox, and the more Chu Yunfei spoke, the more he seemed to be complaining. "The SFC is not a vegetarian, the audit must be very strict, and I am firmly against financial fraud, so I am fighting against these expenditures. In addition, after the company's share reform, there are more shareholders, financial management is standardized, and it is not allowed to take it if I want, or to take too many certain expenses as company expenses, and the business level of investment institutions is also very high.

Some of these expenses are still paid by the company, and the management is also happy to see it, which has indeed played a great role in the development of the company, but fortunately, the company's management has been doing well and has not been affected much.

When Chu Yunfei's family divorced for the first time, Li Yueting was present, and his wife was very calm, not asking for a penny, but just asking for 50 million cash and a few houses for her daughter.

"Later, everyone thought that I was rich, the company of the relatives of such and such an official, the project led by the big man, this platform and that relationship are all here, whether you are optimistic or not, whether you like it or not, there are all in the county and township, and the investment amount ranges from millions to tens of millions. I'm not engaged in investment, so I can tell the difference between good and bad, and most of these investments have been wasted. Even if it only improved slightly after hiring a dedicated investment team, those investments that couldn't be erased were still there. ”

Everyone present heard Chu Yunfei's words. Including Li Yan and others......

Even if the two aspects add up to break even, it will be a loss, and it is expected to lose at least 2 years, in fact, in the process of mergers and acquisitions, there are many adverse reactions, and Chu Yunfei is just in it.

"Brother Chu...... Actually, I want to hear your story!"

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