The shares of Huaxia Industrial's listed company were suddenly suspended, and the reason for the announcement was that there was a major restructuring or investment-related matter, and trading needed to be temporarily suspended for a month. Pen ~ fun ~ pavilion www.biquge.info

There was no rumor at all, Huaxia Industry suddenly suspended, which caused great concern in the automobile industry and the securities industry.

Then, in July this year, it was listed on the A-share market, and Dongfeng Motor Co., Ltd., the only listed company under the Second Automobile Group, was also temporarily suspended for major restructuring.

All of a sudden, all kinds of news flew all over the sky, and various rumors appeared in the market.

"Huaxia Industry will establish a joint venture with BMW", "FAW will establish a joint venture with Ford", "FAW will reorganize with Huaxia Industry ......"

Regardless of the news, it indicates that China's auto industry will usher in big news.

The negotiations with the second automobile are carried out under top secret, and both sides have the intention of cooperation, and the next step is to see how the conditions are negotiated and how much concessions will be made.

In order to successfully pass the national approval, the restructuring plan of Huaxia Industry and Second Automobile is as follows: the listed company of Huaxia Industry will allocate 20% of the shares to Second Automobile, and at the same time, Second Automobile will also exchange 15% of the shares of Dongfeng Motor, a listed company with the same market value, to Huaxia Industry. It is equivalent to the equivalent share exchange of two listed companies, nominally the reorganization of Huaxia Industry by Second Automobile.

In addition, the second automobile will introduce Huaxia Industry as the new shareholder of its Fengshen Automobile Company, and the two sides will cooperate on the Jing'an clouded leopard project to jointly produce a new generation of sedans.

In terms of Huaxia Industry, the Zhejiang Provincial Government came forward to guarantee the endorsement and the second automobile negotiation, and the share exchange and restructuring plan is being submitted to the State Council, waiting for the approval of relevant departments.

In the midst of the complexity, when the domestic competitors have not yet reacted, the second automobile and Huaxia industry have initially reached a restructuring matter.

What does this mean?

It means that Huaxia Industrial Curve has obtained a car license, and the just-announced C1 Zhonghua car can be successfully listed, but the name must be hung with the words "Second Automobile Zhonghua".

The Fengshen automobile project valued by the second automobile will also be smoothly promoted, the Jing'an clouded leopard base will become its ready-made production base, and the lack of funds of the second automobile will also be solved by Huaxia Industry.

Before the marriage, the premarital property notarization and divorce agreement were signed, and when the second automobile and Huaxia Industry were reorganized, the two parties had reached a legal agreement on a friendly breakup in the future.

1. 20% of the shares of Huaxia Industry and 15% of the shares of Dongfeng Motor will be returned to the other party intact when the two parties break up, and the amount of discount premium will not be calculated. Even if the value of the shares held by the two parties is several times different at that time, the income cannot be recovered from the other party, and the full amount must be returned.

2. The principle of one country, two systems of non-interference in each other's internal affairs, the shares owned by both parties only have nominee ownership, no voting rights, and no management rights. The two sides implement the principle of four noes, do not invest in each other, do not participate in operations, do not distribute dividends, and do not bear debts.

3. The second automobile will apply for the national car catalogue for Zhonghua car, and will be sold in the name of "second automobile Zhonghua" in the future.

4. Huaxia Industry will lend funds to ensure the smooth implementation of the Blue Bird car project, and the assets of Jing'an Clouded Leopard Company used by Fengshen Automobile will be evaluated at the market price by a third-party neutral agency when they break up in the future, and Huaxia Industry will unconditionally transfer them to Second Automobile, and the two parties will divide and operate the assets of Jing'an Clouded Leopard.

5. Once Huaxia Industry independently obtains the car license, the two parties can notify each other to terminate the cooperative relationship three months in advance, and the cooperation period is 5 years. After 5 years, if Huaxia Industry needs to continue to cooperate, it will start a new negotiation plan.

It can be said that all this is a last resort under the constraints of the automobile management catalog, in order to obtain a car license, Han Hao had to rack his brains to use the second automobile. But the second automobile is also willing to play such a role, because they urgently need the stock asset of Jing'an Cloud Leopard. Judging from the market's reaction, everyone is optimistic about this deal, and the second automobile and Huaxia industry have achieved a win-win result.

Chen Zhutao, together with the bigwigs of the automobile and financial circles, jointly issued a direct letter calling for the abolition of the automobile management catalogue before joining the WTO, and the proposal to lower the entry threshold for cars without discrimination, has been widely circulated in the industry. The No. 1 chief personally inquired that the State Council has organized a number of meetings to demonstrate that the reform and abolition of the automobile management catalogue should be the trend of the times and a predictable result. But how long this period will be, no one can give an accurate answer. One year, or even three or five years, it is possible, depending on the efficiency of the relevant government departments.

Of course, Han Hao also understands this truth, but if he enters the market a year earlier, he can gain an extra year to occupy the market, and time is much more precious than money.

Even if the state announces the abolition of the automobile management catalogue the next day, according to the agreement signed by Huaxia Industry and the Second Automobile, Han Hao will not suffer.

Miao Yuwei himself is a general sent by the state to solve the problem of the second automobile, and he knows how to make the plan for the reorganization of the second automobile and Huaxia industry smoothly passed by the State Council, and the plan for the equivalent share exchange is proposed by him on his own initiative.

The state has always emphasized supporting the development of the three major domestic automobile groups and encouraging small and medium-sized automobile enterprises to take the initiative to move closer to the large groups, so as to form a strong scale effect after joining the WTO. Now the Second Automobile has taken the initiative to reorganize with the private enterprise Huaxia Industrial Group, which is a situation that the relevant state departments hope to see. In any case, the joint step has played a very good role model in the industry.

With the active efforts of the Zhejiang Provincial Government, the restructuring plan of the two automobile companies was quickly approved, and the state agreed to the strategy of cooperation between the Second Automobile and Huaxia Industry. Zhehai Province obtained a car production plant as it wished, so that it has the strength to compete with brother provinces.

China Car was originally an independent asset from a listed company, Han Hao has always operated it as an independent corporate legal person, and the acquisition of Jing'an Cloud Leopard Company was in his personal name, and he deliberately pledged equity to raise funds.

The reason why the listed company was not used was firstly for confidentiality, and secondly, Han Hao injected the acquired assets into China Automobile Company to facilitate independent operation.

Zhonghua Automobile Company is not a listed asset, and if Zhonghua Car sells well in the future, Han Hao is ready to list it separately, and may choose to land on Hong Kong H shares, thus forming a pattern of two major listed companies at home and abroad, and creating a new automobile empire.

When the stock resumed, both Huaxia Industry and Dongfeng Motor ushered in the price limit, the difference is that Huaxia Industry has three consecutive daily limits, while Dongfeng only rose one and a half.

Knowing that Huaxia Industrial Curve obtained a car license, the most disappointed person was Jin Yangyong, he started at the same time as Han Hao, and now it is obvious that Han Hao has thrown him away.

Not only is Zhengdao Sedan lagging behind, but Brilliance is also in danger of being out of the BMW joint venture project, which makes Jin Yangyong so anxious that he can't sleep.

Huaxia Industry's lending has become a classic case in the domestic automobile industry, and many automobile companies without car licenses have begun to want to learn and sell. But if you want to sell, you have to have capital, not to mention that the big groups that already have licenses don't want others to come to the pot to grab meat, and they have to find the right way to sell themselves. When a rich man faces a poor relative who comes to his door, he will not take them all in.

Fortunately, although BMW learned that Huaxia Industry had obtained a car license, it did not make a decision immediately, but planned to continue to observe, giving Jin Yangyong a buffer time. Since Huaxia Industry's car license plate involves the Second Automobile Group, it is not its own separate license plate, which makes BMW a little worried.

Jin Yangyong of course also knows that China and the United States are now engaged in the core negotiations of the WTO, and it is very likely that the two sides will reach an agreement before the end of the year, so China's accession to the WTO will be just around the corner.

As long as Brilliance is willing to cut meat and feed Tiger to sell part of its equity, I believe that Brilliance can also obtain FAW's car license plate, and Zhengdao Car can also be put on sale. But Jin Yangyong knew that FAW's appetite would be difficult to spit out if it was given to FAW. In particular, Zhu Tianfeng, the current head of FAW, is not a role to deal with, Jin Yangyong does not want to go into the tiger's mouth in order to fight for a short period of time for the car to be listed in advance, and he is still very confident that Brilliance will be able to obtain the car license approved by the state in the near future. What's more, now Jinbei cars have been selling well, Brilliance has a stable source of cash, and the car field can wait patiently.

Jin Yangyong is very optimistic, he thinks that at most a year Brilliance car license will be able to get his hands, just use this time to further improve the Zhengdao car. Although the Zhengdao sedan is beautiful, because it is directly outsourced to foreign design, the participation of Brilliance personnel is very low. It can be said that the property rights of Zhengdao cars belong to Brilliance, but Brilliance can't understand and figure out its own car products, and there is no knowledge column.

"You did a very good job, completely beyond my expectations. At the beginning, I was just having an idea, and this plan involves various factors, and it is difficult to achieve 100% results if any part of the problem occurs. Unexpectedly, you achieved the 100-point goal excellently, and it can also be said that you are very lucky, taking advantage of the right time and place and a handful of people. ”

Tianshi is in this period of the second automobile operating difficulties, is in the weakest moment in history, coupled with the country's state-owned enterprise reform, stripped of non-performing financial assets can be obtained at a low price. The geographical advantage is that the Zhejiang Provincial Government supports and endorses, and Guangfu City is anxious to deal with the hot potato of Jing'an Clouded Leopard, and later saw that it could not stop Han Hao from becoming the owner, so he changed his position and actively cooperated. Needless to say, Han Hao has received help from many people, and it doesn't matter that he can't get the 1.2 billion debt of Oriental Asset Management Company. Fortunately, he met the relatively enlightened Miao Yuwei, and without the cooperation of the second automobile, Huaxia Industry could not achieve the purpose of saving the country and borrowing a license. In exchange for FAW's Zhu Tianfeng, it is estimated that he will not agree to Huaxia Industry's approach, and it is a big deal that the two will break up.

Hu Yiming was very satisfied with the students he accepted halfway, and Han Hao was able to accomplish many things that he wanted to do but couldn't.

"But you can't take it lightly, now the car license plate is borrowed from the second automobile, and they can take it back at any time. For the long-term development of the enterprise, you must continue to apply for your own car license. The country's automobile industry policy will definitely face adjustment after joining the WTO, what you have to do is to use the borrowed license plate to make a good impression, and once the policy is loosened in the future, Huaxia Industry will become the first batch of beneficiaries. ”

Promoting the younger generations is a fine tradition of traditional Chinese literati, Hu Yiming continued to mention Han Hao a few words.

Having its own car catalog is truly independent, and Han Hao certainly understands that BMW is worried about this because it has not made up its mind now.

Got the car license, can put the Chinese car to the market, the veteran Chen Zhutao also made a special call to congratulate, Huaxia Industry is he traveled all over the country, found that the most likely to represent China in the future on behalf of the Chinese and international giants to compete with good seedlings. The automobile research institute that has invested heavily in the construction of the automobile research institute alone is a strategic step that many domestic automobile companies cannot achieve. Now Huaxia Industry has obtained a car license, which is equivalent to inserting a pair of wings, and soon the Chinese people will see the rapid development of Huaxia Industry.

"Director Xiaohan, your Zhonghua car must ensure quality and provide satisfactory service to consumers. I can say that many pairs of eyes of the central government are now staring at you, and the performance of China Sedan will be directly related to the content of the reform and revision of automobile management policies. If you use this time to do well, it means that the prophecy of our old guy has been fulfilled, and the day when the state will relax the control of the car catalog will come earlier. If you don't do it well, then our country's auto industry may still compete with shackles. ”

The reason why the cooperation plan between Huaxia Industry and the Second Automobile was approved so quickly is because the central leadership decided to use Huaxia Industry's Zhonghua car as a realistic sample to see what would happen if it tried to give a private automobile company access to the car field. Whether it is good to ensure that the control measures with a high threshold are good, or whether it is in line with the national conditions to provide competition with a lower threshold. In any case, Huaxia Industry's performance will be used as one of the reference bases for decision-making at that time.

Unexpectedly, there was such an inside story in it, Han Hao couldn't help but feel lucky for his luck.

With the license plate, the launch of Zhonghua Sedan has also started an accelerated journey, with the Pangu 1.8L engine giving priority to the sedan project, and the B1 light passenger bread will also give way. According to the data given by the current supplier, it will not be until January 2000 that small-scale trial production can be put on the market.

In addition, there is another troublesome matter, which is the issue of dealing with the remaining debts of Jing'an Clouded Leopard Company. Although Han Hao got a large debt of 1.2 billion, there are still 1.1 billion debts distributed in the hands of various small and medium-sized creditors. How to negotiate with them and settle the debt dispute at a price acceptable to everyone has to test Han Hao's wisdom.

There is also a large number of goods in Jing'an clouded leopard that have been detained by customs and required to pay back customs duties before they are released. Fortunately, after the reorganization of Huaxia Industry and Second Automobile, the state paid more attention to the new project of Fengshen Automobile, allowing the deducted goods to be deducted from customs duties through auctions, and no longer punishing Jing'an Clouded Leopard.

At that time, Han Hao used a 45% discount rate to buy the non-performing asset claims received by Orient Asset Management Company from financial institutions, and now he faces 1.1 billion other creditors from home and abroad.

After all, when you borrowed money from Jing'an Clouded Leopard for 100 yuan, and now you tell them that you can only pay back 45 yuan, normal people will not easily agree.

Fortunately, the Guangfu Municipal Government has vigorously cooperated, and they are eager for Fengshen Automobile to settle down as soon as possible, firstly, to solve the original hot potato, and secondly, to have a new puzzle piece of the automobile sector.

The development of automobiles is the key strategy of Guangfu City, although there is now Guangqi Honda, but it is far from enough, the emergence of Fengshen Automobile, so that the local government has an alternative choice.

Of course, Han Hao will not agree to take out 1.1 billion to repay the creditor, what he has to do is to force the other party to reach a settlement agreement with him at a lower price.

As the largest creditor, Han Hao submitted an application for bankruptcy to the local court, with the aim of getting all creditors to come and register, and then he negotiated with the other party one by one to provide a reasonable proportion of compensation and reach a settlement with the other party, so as to terminate the bankruptcy proceedings of the court and achieve the purpose of controlling Jing'an Cloud Leopard Company.

By initiating bankruptcy proceedings, a settlement is reached, rather than actually bankrupting the business. Once bankrupt, all creditors' claims will be wiped out, and the enterprise will be liquidated, and only 15 of the 100 yuan may be recovered.

At the creditors' meeting, the settlement plan was finally agreed at a discount of 40%, and the debt will be repaid in installments by Fengshen Company, although it is Han Hao who pays the money behind it.

Implementing bankruptcy but avoiding bankruptcy has become a classic case in the domestic legal circles. In order to enter the sedan market, Han Hao pioneered the implementation of many new model operations, showing his talent in management.

Just after dealing with the complicated affairs here, there is another big business waiting for him to discuss.