Coming to Nangui Province again, Han Hao felt that he was in a trance, as if the painful cutting of Wuling two years ago only happened yesterday.

Even if Wuling is in the arms of General Motors, which claims to be the world's No. 1, they have to line up behind Zhonghua Group in China's micro-car market, and there is a gap between them and the hegemon Huaxia Automobile.

Huaxia Hongguang, QQ, Zhiguang, etc., occupy most of the share of China's micro-car market. Even if Wuling, which has the addition of general technology, catches up behind it, the best result is only to replace Changan Automobile, which was originally in second place, and continue to play the role of the second.

Zhonghua Group has irrefuted the fact that in the micro-car market, independent brands have enough strength to beat multinational brands.

Wang Zhaohui, the leader of Nangui Province, met with Han Hao, who came from afar, and the two sides opened closed-door talks.

Speaking of the two have a great relationship, more than ten years ago, Wang Zhaohui, who was still a high-ranking official, rejected Han Hao's willingness to enter the automobile, but he did not expect Zhonghua Group to develop in a roundabout way, becoming the largest enterprise group in Zhehai Province in one fell swoop, and even surpassed all state-owned enterprises in the province and stepped into the world's top 500.

The mountains are high and the water is long, and there will be a period later.

More than ten years later, he became the prince in charge, and Han Hao also became the richest man in China and a well-known entrepreneur leader.

At that time, I thought that private enterprises could not do well in automobiles, and could only rely on the strength of state-owned enterprises to achieve it, but I did not expect that Zhonghua Group would become a well-known domestic automobile company and could wrestle with state-owned giants such as FAW and SAIC. In the first two years, I thought that Wuling would become the market hegemon by introducing foreign advanced technology through joint ventures with foreign capital and the introduction of foreign advanced technology. Unexpectedly, now Zhonghua Group continues to lead the trend of micro-cars, and Wuling can only be willing to be a green leaf to set off the glory of the Huaxia brand.

Today, Wang Zhaohui finally admitted that Han Hao and even the Zhonghua Group have the advantages of making themselves respected, and they have enough strength to solve the dilemma faced by Yuchai.

Yuchai is one of the few state-owned enterprises in Nangui Province that can get its hands on it, and another nationally well-known brand is Wuling Motors, which lacks state investment as a border province, and this situation is already a good result.

For three consecutive years, Singapore's Hong Leong Group has taken more than 600 million profits from Yuchai as a financial investment and used Yuchai as a cash machine.

At present, Cummins continues to conquer cities in the form of joint ventures in China, and after winning Dongfeng and FAW, it is eye-to-eye with Foton Motor, the overlord of light trucks, and is preparing to set up a new engine company. In addition, newcomers like Zhonghua Group are constantly integrating resources to expand their armaments, and everyone knows that the domestic commercial vehicle field will usher in a fierce war.

At that time, where should Yuchai go, and the end of being marginalized will be inevitable?

At this time, it is a very suitable choice to introduce Zhonghua Group to take over Yuchai, and the government to take the initiative to arbitrage and withdraw.

In the past, he may have had some unhappiness in his heart towards Wang Zhaohui, this slightly old-fashioned official blocked the two major strategic intentions of the China Group, but those unpleasant things have passed, and Han Hao is not an emotional young man, and now he thinks about things more calmly and thoughtfully.

After a brief exchange of greetings between the two sides, negotiations on the framework agreement began, and the following results were reached.

1. Yuchai's existing and future earnings must be retained in Nangui Province, and Zhonghua Group cannot hollow out and move Yuchai in any form, which is the bottom line of Nangui Province.

2. It is necessary to reorganize Yuchai and take back the actual control from the Singaporeans, and can no longer be led by the nose by foreign parties.

3. Yuchai will return to the domestic listing in the future, and the Nangui Provincial Government will sign a VAM agreement with Han Hao, and within 5 years, Yuchai will be built into a giant ship with 30 billion operating income, and the local government has the right to redeem Yuchai if the future performance is not up to standard.

Nangui Province leads the wolf to resist the tiger, which can be described as very old and spicy.

Bringing in Chung Hwa Group to directly confront Singapore's Hong Leong Group, and at the same time pressuring Hong Leong to withdraw and hand over control in the name of a third party, it also retains the opportunity to take back Yuchai when the situation is not good.

Yuchai is a good asset, in 2005 sales exceeded 200,000 diesel engines, annual income exceeded 10 billion, net assets reached 3 billion, net profit of more than 500 million. However, the development of the enterprise has reached a bottleneck period, and in the face of competitors launching new projects, such as heavy-duty diesel engines, Yuchai's product line has reached the moment of upgrading. Yuchai alone is not qualified for high-risk and high-investment new projects, if there is the blessing of Zhonghua Group, then there is no need to worry about capital and sales, which is also the focus of the Nangui provincial government.

Hong Leong Group was greatly dissatisfied to learn that the Nam Kwai provincial government had decided to sell its stake to Chung Hwa Group, and if it succeeded, the other party would become a veritable majority shareholder.

They immediately sent people to China to ask why they had decided to transfer a controlling stake in Yuchai without informing Hong Leong Group.

It's a pity that the menacing Singaporeans were closed at Zhaohui's place, and Secretary Wang didn't bother to pay attention to them, so he directly let the people of the State-owned Assets Supervision and Administration Commission receive them.

"With less than 30% of the shares, you have formed de facto golden shares (shares with veto rights) with more power than the majority shareholder, contrary to the industrial policy of our national engine. In the past, the industrial management of our country was not perfect, and now it is time to correct it.

In addition, Yuchai will be restructured again, and a management mechanism that is fully in line with the market economy will be established, and the government will vigorously support the legitimate rights and interests of new investors!"

Regarding the representative sent by Hong Leong Group, the person in charge of the State-owned Assets Supervision and Administration Commission of Nangui Province said in a righteous manner.

The province has always wanted Yuchai to return to the domestic A-share market, but Hong Leong Group continues to oppose it based on its own interests, in fact, it is afraid that Yuchai's gold equity will lose control. Such a selfish practice of not considering the long-term development of Yuchai has made the whole of Nangui Province quite dissatisfied with the Singaporeans for a long time. Otherwise, if the Zhonghua Group released a rumor, Nangui Province would not take the initiative to contact the other party.

"Ten years ago, the board of directors signed and approved the gold shares, and it was also made public when it was listed. Now, if we don't acknowledge the history, Hong Leong Group's investment in the mainland will be more risky, which will be very detrimental to China's future investment attraction. ”

Every time they have a falling out with Yuchai's management and cannot step down, they will always come up with this trick to demand a compromise with the other party in order to affect the international image of China's investment promotion.

"Being a man always has to talk about conscience, right, you actually invested 8 million US dollars in Yuchai, equivalent to 69.6 million yuan. In the past 10 years, more than 800 million yuan of income has been taken through dividends, and the value of shares in hand has still reached 1.2 billion. Over the years, Hong Leong Group's promised expansion investment has never been realized, and instead it has taken more than expected capital returns from Yuchai.

Whether it's Yuchai people or Nangui people, we think we are very kind and fair to you Singaporeans!"

Hearing that Hong Leong Group had once again threatened to make the corporate incident an international incident, the head of the provincial SASAC couldn't help but ask angrily.

"Your insistence on selling Yuchai in disregard of the legitimate rights and interests of small and medium-sized shareholders violates international trade rules. According to the legal contract, we can sue you in Singapore or the United States and demand compensation from you for our actual losses!"

Of course, the matter involving hundreds of millions of interests will not back down, and the representatives of Hong Leong Group also showed their cards, and if they really want to make a fallout, they will sue Yuchai and the Nangui provincial government internationally.

"Now, on behalf of the State-owned Assets Supervision and Administration Commission of Nangui Province, I would like to formally inform you that Yuchai will set off a new round of state-owned enterprise reform, and Hong Leong Group, as a shareholder, has an obligation to cooperate with this process.

At the same time, the central government has issued a document requiring us to correct the historical mistakes of the 'golden shares' within 45 days, because this is related to our national security field, and the government has the right to enforce it. The municipal, provincial and central governments are determined to resolve this problem left over from history, and even if you sue the United Nations, we will have nothing to fear.

In addition, after the introduction of new investors, Yuchai will be privatized and delisted from the New York Stock Exchange, and we will clearly calculate the benefits you should enjoy and will not return a penny less to you. ”

After negotiating with Chung Hwa Group, there is already a plan for how to deal with Hong Leong Group's Nam Kwai Province. Yuchai is a state-owned enterprise dominated by Chinese state-owned capital, and how to deal with what the Chinese say will no longer look at the eyes of Singaporeans.

With the support of the Chung Hwa Group, Nangui Province can finally straighten its waist in front of Singaporeans this time and raise its eyebrows. In the past, Singaporeans claimed that only they could save Yuchai, and second, it was easy to cause negative international impact, fearing that it would damage China's international image.

Now, first, there is the China Group, and Yuchai's take-off is just around the corner. Second, after years of reform and opening up, China is no longer just about "wealth", and its strength as a big country is constantly recovering, and it does not need to be afraid of the threat of small countries.

No matter how much Singaporeans toss, it doesn't matter the big picture, because China's local capital has developed and can take their place.

The Nangui provincial government has encountered a hard nail, and Hong Leong Group is determined to contact Zhonghua Group to see if it can save the defeat.

According to the attitude of the Nangui Provincial Government, the new Yuchai will not have a Fenglong position, and they will get the benefits they deserve and leave the golden chicken nest of Yuchai.

Yuchai boarded the giant ship of Zhonghua Group, and the future is sure to be bright. As the second largest shareholder in existence, Hong Leong hopes to remain in the new Yuchai, which is their second bottom line after losing the gold shares.

Of course, Han Hao didn't bother with the Singaporeans, and he asked the financial officer, Yoon Kyung-hoon, to receive the other party's representatives.

"The new Yuchai will be rebuilt in accordance with the will of the Nangui Provincial Government, we are not short of funds, and we are not interested in your proposed shareholding plan.

I suggest that you go back to your main business real estate, now that the times have changed, and then look at China's problems with the old thinking, it is likely that you will fall all over your body and get nothing out of it.

Even if you don't cooperate, we have found a way to privatize Yuchai and delist it. Over the years, you have deliberately suppressed Yuchai's stock price, but in fact, what you have in mind is known to anyone with a discerning eye. Yuchai is not a new fly, since our Zhonghua Group has entered the game, there is a way to solve all problems.

In addition, financially, if your behavior of privately transferring corporate profits and playing a side ball is made public on the New York Stock Exchange, I am afraid that a class action lawsuit will make you unable to eat and walk around, right?"

Yin Qingxun, who is good at financial analysis, quickly found many irrationalities from Yuchai's financial statements. Yuchai, a company with an annual growth rate of 40%, has been declining in the United States, because the dividends to shareholders have been misappropriated and withheld by Hong Leong Group in various names by controlling financial rights.

Xinfei Electric's originally thriving main business also plummeted under Hong Leong's operation, forcing the local government to sell all the remaining shares to Hong Leong. In fact, Hong Leong only used a very small price to completely embrace Xinfei, a former domestic home appliance giant.

Whether it was mismanagement or premeditated and deliberate, before the results came out, Hong Leong's actions were really doubtful.

Blindly suppressing Yuchai's stock price, Hong Leong is very likely to play a big game of chess and gain full control of Yuchai from state-owned shares at the lowest point.

Yin Qingxun's words are difficult to distinguish between truth and falsehood, and only Hong Leong knows what the truth is.

Under the dual pressure of Zhonghua Group and the Nangui Provincial Government, Hong Leong Group had to sign an alliance under the city, promising to actively cooperate with the restructuring and reorganization of Yuchai, and withdraw from the new Yuchai after recovering the investment income.

When the dust of Yuchai was basically settled, Han Hao's office suddenly broke into an uninvited guest.