Chapter 401: Backdoor Plan

In the International Financial Building of Zhujiang New Town in Guangzhou's CBD, Xu Xing stood in front of the large floor-to-ceiling glass of the headquarters office of Yuedong Group, looking at the slightly small traffic on the street below, looking full of ambition. See the latest chapter section Baidu search

As the founder, chairman and legal representative of Yuedong Group, one of the largest private enterprises in Guangdong Province, Xu Xing personally holds 92% of the group's equity. Founded in 1994, Yuedong Group has repeatedly ranked among the top 100 private enterprises in Guangdong Province in recent years.

The group has three industries: grain processing, electrical appliance manufacturing and real estate development, and its business scope includes manufacturing and sales: household air conditioning compressors, automotive air conditioning compressors and other related products, auto parts, motorcycle parts, scroll precision machinery products, import and export of goods, import and export of technology, real estate development, property management, etc.

Yuedong Group has a number of wholly-owned subsidiaries, including Guangdong Liyuan Special Supporting Equipment Industrial Co., Ltd. and Guangdong Yuanchang Oil Co., Ltd. are the pillar enterprises of the Group.

According to the data, Guangdong Liyuan Special Supporting Equipment Industry Co., Ltd. in 2002 through overseas companies has the core technology of the variable section scroll principle, and according to this principle, it has developed a number of domestic and foreign patents of scroll technology products, and produces a series of efficient, energy-saving and environmentally friendly scroll air compressors, scroll refrigeration compressors and special supporting equipment. This is also one of the focuses of the asset restructuring of Huaguang Group.

Guangdong Yuanchang Oil Co., Ltd. is a well-known soybean processing enterprise in China, founded in 1997, with a registered capital of 200 million yuan, the main business is the processing and sales of soybean oil and soybean meal.

After entering the grain processing industry from 10 years ago, Yuanchang Company has gradually established soybean production and processing bases in Zengcheng and Panyu in Guangdong, and the soybean processing plant in Zengcheng is not only the first soybean processing plant in Guangdong, but also the largest processing plant south of the Yangtze River.

In 1997, the country liberalized soybean imports, from zero to 30 million tons, and the country, as the hometown of soybeans, integrated into the global competitive market in one fell swoop, becoming one of the largest importers. From self-production and self-sale to international standards, Yuedong Group has not only survived the soybean turmoil in 2001 and 2004, but also entered the forefront of the domestic industry since 2003. As a regional leader, the company's soybean processing volume from 2004 to 2006 was more than 360,000 tons, more than 600,000 tons and more than 900,000 tons, with an average annual growth rate of 48.36% much higher than the industry level in the same period.

Now Yuanchang Oil Co., Ltd. has become the best benefit of the Guangdong East Group, as of the end of 2006 financial statements show that the company's total book assets reached 840 million yuan, shareholders of 175 million yuan, just in the past 2006, the company achieved soybean processing volume of more than 900,000 tons, sales revenue of 3.86 billion yuan, net profit of 286 million yuan.

As the chairman of Yuedong Group, Xu Xing, is also the chairman of Yuanchang Oil Co., Ltd., he knows very well that Yuanchang Company can have some impressive performance, there are two reasons, one is the increase in the price of oil products in recent years, the gross profit margin has risen, and the other is that the company has gradually had a scale effect and accelerated the speed of making money.

But as the founder of the company, Xu Xing also deeply realized that compared with international giants, what his company lacks is a capital structure. The team should have a sense of belonging and social recognition, and only after the market can the fair value of talents be brought into play. For more than a year, Xu Xing has been operating the market affairs of Yuanchang Company, hoping to be able to pay for the core team through the stock market, and can directly apply for the market, which is very difficult, and the backdoor market has become the first choice.

Yuedong Group holds 10.6% of the shares of Huaguang Group, making it the second largest shareholder.

Since the beginning of the previous year, due to the large increase in the price of raw materials and labor costs, and the fierce competition in the downstream household appliance industry, the sales price of Huaguang Group's original main household appliances and refrigeration equipment products has basically not increased, and the company's gross profit margin in the three years of 2004-2006 was 18.01%, 13.12% and 8.63% respectively, with a significant downward trend. As the largest shareholder, Beijing Dongling Industrial Company has begun to retreat, Xu Xing immediately smelled the opportunity, took the initiative, and threw out the attractive plan to introduce the scroll technology of Yuedong Group into Huaguang Group, which was highly valued by the Guangzhou State-owned Assets Supervision and Administration Commission, and agreed in principle to the restructuring plan of Dongling Industrial Company to transfer its equity to Yuedong Group.

But Xu Xing has his own abacus, he is actually looking at the shell resources of Huaguang Group, and he is not interested in its original home appliances and refrigeration business, and will not really introduce scroll technology, but plans to transfer the equity of Dongling Company and become the absolute controlling shareholder of Huaguang Group, and all the assets and liabilities of Huaguang Group will be 100% with Yuanchang Oil Co., Ltd., which is wholly owned by Yuedong Group The equity was replaced to realize the backdoor market, and the main business of the original Huaguang Group was changed from the manufacture of household appliances to the processing and sales of soybean oil.

As the second largest shareholder of Huaguang Group, Xu Xing and Qin Xiaohua have known each other for a long time, and whether their backdoor plan can succeed also requires her full cooperation, in addition to persuading her to transfer the equity of Dongling Company to herself, Xu Xing also conducted an in-depth investigation of Qin Xiaohua and Dongling Company, and learned about the strong background behind Qin Xiaohua.

After many discussions with his think tank, Xu Xing decided to start with Dongling Company and promised enough attractive acquisition conditions, so he has sent his full-time vice president to contact Dongling Company many times and reached a preliminary equity transfer agreement.

Today, Xu Xing personally came forward and invited Qin Xiaohua to meet at his group headquarters to discuss some important details in person.

"Mr. Xu, Mr. Qin of Huaguang Group has already arrived downstairs. The assistant knocked on the door and came in to report.

Xu Xing nodded, turned around and said, "Okay, you personally invite Mr. Qin to the office." ”

Qin Xiaohua directly received a call from Xu Xing this time to come to Yuedong Group to make an appointment, Xu Xing emphasized on the phone that this time it was a separate meeting between the two, and the personnel of both sides did not participate, so Qin Xiaohua only came with the driver alone this time.

"Mr. Qin, please, our Mr. Xu has been waiting in the office for a long time. The assistant lady asked the people below to settle Qin Xiaohua's driver, and led her directly to the chairman's office.

"Welcome, Mr. Qin, please sit here. Xu Xing greeted him warmly and shook hands with Qin Xiaohua.

"Mr. He is polite. Qin Xiaohua sat down in the leather sand in the living room.

After the assistant lady made tea for the two of them, she closed the door and withdrew at the right time.

"Mr. Qin, I took the liberty to invite you over this time because I wanted to introduce our future plans to you in person. He Xing bluntly told Qin Xiaohua the real plan of the Yuedong Group, he has clearly understood Qin Xiaohua's relationship in Beijing, and the replacement plan must eventually be reviewed by the Securities Regulatory Commission and the State-owned Assets Supervision and Administration Commission.

Qin Xiaohua's team actually had an understanding of Yuedong Group, and had already guessed that they had this backdoor plan, and now when she heard Xu Xing say it in person, Qin Xiaohua was not surprised, only smiled faintly, and said: "The replacement plan is after the equity transfer, and there is no need for Mr. Xu to tell us in advance." ”

Xu Xingdao: "Don't hide from Mr. Qin, whether the replacement plan can be approved in the end, we don't have enough confidence, I know that Mr. Qin has a relationship in the face, can talk to the State-owned Assets Supervision and Administration Commission, I hope that after the completion of the equity transfer, Mr. Qin can set up a relationship for us, you can rest assured, the specific work of the replacement plan will be done in advance by our group, Mr. Qin only needs to give us guidance at the right time, in return, I promise that I will meet Mr. Qin's conditions when accepting the equity transfer." ”

Qin Xiaohua took a sip of tea and said: "I know what Mr. Xu means, I have to go back to discuss this matter with other shareholders of our Dongling Company, and the only thing I can promise now is that at the extraordinary general meeting of shareholders on February 8, I will ensure that the equity transfer plan can be successfully passed." ”

"Mr. Qin's words are enough. Come, I will replace the wine with tea, first toast a cup of Mr. Qin, and after the equity transfer is completed, I will lead a group of subordinates to formally invite Mr. Qin. "Xu Xing can be in charge of a group of such a scale, naturally he understands people, although Qin Xiaohua did not directly promise anything, but since he did not refuse in person, it also means that he has left a chance for himself.

After coming out of Yuedong Group, Qin Xiaohua did not go back to Huaguang Group directly, but asked the driver to send her to Rongxi Teahouse, she needed to be alone to quietly straighten out her thoughts.

In the Mingyun private room, Qin Xiaohua made a pot of tea alone and recalled the development process of Dongling Company in the past few years.

Dongling company from the beginning of the establishment, she served as the chairman, under her leadership, with several invisible shareholders strong background relationship, the company seized the opportunity, participated in the restructuring of a number of large state-owned enterprises, and obtained huge returns, since more than three years ago into the Huaguang Group, the first half of the year because of the good market situation, for the company's shareholders to win back huge dividends, the company's share price has more than doubled.

Qin Xiaohua also devoted herself to the management of the group, but since the year before last, affected by the downturn in the economic environment, the group's operation has gradually become difficult, and the efficiency has plummeted. Several other shareholders had no intention of running the industry, so they unanimously proposed to withdraw as soon as possible, transfer all the equity in their hands, and cash out.

In fact, in the past few years, as the chairman of Huaguang Group, Qin Xiaohua also felt physically and mentally tired, managing such a large group, always feeling huge pressure, she has long been tired, but sometimes it is difficult to ride a tiger, it is difficult to get out at once, and now since Yuedong Group intends to take over, of course she does not want to miss the opportunity.

She has communicated with several shareholders before, as long as the current normal stock price transfer, everyone can get a satisfactory return, today's meeting with Xu Xing, Qin Xiaohua feels that she can seize this last opportunity and take the opportunity to obtain greater benefits for the company.

After drinking two rounds of tea alone, Qin Xiaohua already had a plan in her heart, took out her mobile phone and called Deng Xiaoqin, saying that she hadn't seen each other for a long time, and she was going to Fengcheng tomorrow to deal with some business, and the two would get together.

Deng Xiaoqin was naturally overjoyed when she received a call from Qin Xiaohua, saying that she often took Chen Datong to the club for fitness during this time, and she and Ding Rong had become very good friends.

Qin Xiaohua made an appointment with her to meet in the club tomorrow afternoon, and asked her to call Chen Datong as well. Chen Datong had worked in the National Development and Reform Commission before, and he was familiar with people in the China Securities Regulatory Commission and the State-owned Assets Supervision and Administration Commission, and Qin Xiaohua wanted to ask him for advice in person.

After calling Deng Xiaoqin, Qin Xiaohua thought about it, called Lin Qiang again, and asked him if he was in Yangzhou or Fengcheng now.

Lin Qiang heard that Qin Xiaohua was going to Fengcheng to find Chen Datong, and Ma said that he would rush over from Yangzhou to meet her tomorrow.