The meeting of the district standing committee quickly passed a resolution recommending Meixi Iron and Steel Plant to carry out the pilot work of equity restructuring, and submitted it to the Municipal Planning Commission again together with the equity restructuring plan submitted by the Meixi Town Government and Meixi Iron and Steel Plant.

As the first pilot enterprise in Donghua City for equity restructuring, Meixi Iron and Steel Plant received a formal approval letter from the Municipal Planning Commission on 18 May.

After obtaining the access certificate for equity restructuring, the equity restructuring was carried out rapidly, and Meixi Iron and Steel Plant was reregistered as Meixi Iron and Steel Group Co., Ltd.

Ye Xin Bank provided a total of 8 million yuan of equity mortgage loans to Zhao Dong, Qian Wenhui, Wang Kangsheng, Xu Xiting, Xu Wendao, Pan Cheng, Hu Zhigang and other group management and core engineering and technical personnel, which were injected into Meigang Group and held 10% of the shares.

Zhonghe Investment, an overseas private company, injected US$1 million in foreign exchange and held 11% of the shares.

Including He Qingshe, Li Feng, Huang Xinliang, Guo Quan, Chu Qiang, Chen Tong and other town government administrators, as well as some employees of the steel mill, they also raised loans as much as possible to participate in the equity restructuring, holding a total of 7% of the shares.

On behalf of Meixi Town, the town assets office holds 72% of the equity of Meigang Group and ensures a controlling stake in Meigang.

After the restructuring, the total assets of Meixi Iron and Steel Plant rose to 160 million, the net assets rose to 80 million, and the debt ratio also dropped from 70% to 50%. More importantly, after the restructuring, Meigang's cash reserves are as high as 36 million, which has prepared relatively sufficient funds for the next power supply expansion and production line technical transformation.

After the restructuring, a general meeting of shareholders was established, Shen Huai represented Meixi Town as chairman and general manager, Zhao Dong, Qian Wenhui and Wang Kangsheng served as deputy general managers respectively, Xu Xiting was the chief engineer of the group, and other management personnel also made corresponding adjustments in their job titles.

In addition, Guo Quan entered the board of directors on behalf of the town assets office, and Chu Qiang entered the board of supervisors as a shareholder representative.

According to Shen Huai's design, this time to raise equity funds, not open to outsiders, but Chu Qiang still has to be counted as a government worker, and the Chu family has taken out a total of 400,000 yuan to buy shares, which is the largest individual shareholder in addition to the management of the steel mill.

Chen Dan also took 80,000 yuan to invest in the restructured Meigang Group through his younger brother Chen Tong, holding one-thousandth of the shares, which can even be ignored.

By the end of May, the administrative areas of Hetang and Meixi towns were adjusted, and the two villages of Lishe and Caijiaqiao were merged into Meixi Town and Jianggang Wharf Project as a whole, and at the same time they were approved by the relevant departments of the two levels of government in the urban area.

After the restructuring, Meigang has more than 36 million cash reserves, but it will mainly invest in the transformation of electric furnace steel production lines and the expansion of generator sets to ensure that the monthly production capacity will increase to 15,000 tons before September.

Only in this way can Meixi Iron and Steel achieve the goal of exceeding 400 million yuan in output value this year.

At the same time, the bank will provide another 20 million yuan loan to Meigang for the early stage of the construction of the freight terminal.

As of the end of May, Meixi Iron and Steel has achieved two quarters of stable and high profitability and officially entered the revitalization, and through equity fundraising, the overall debt ratio has also dropped below the safety line, and it is natural to increase loans to financial institutions for rapid expansion.

For banks, it is necessary to absorb savings and issue them as loans in order to obtain stable interest margin income. In order to control risks, banks are normally more willing to lend to companies with stable profits.

Other financial institutions reacted slowly, Sun Yalin mixed with Shen Huai all day long, and after Meixi Iron and Steel's financial indicators met the requirements, Yexin Bank quickly increased the credit line for Meixi Iron and Steel.

The iron and steel industry is a capital-intensive industry, with the characteristics of large production scale and high labor efficiency.

With the loan support of 20 million yuan provided by the Bank, the freight terminal and the Meihe Highway project connecting the terminal and the Xiamei Highway have also quickly entered the project implementation stage.

************

In early June, it is already the Huangmei season, and there is a rain every three or five months, which has a certain impact on the development of the whole project. After a fresh rain, Shen Huai rushed from the muddy soil to the wharf project site by car.

Shao Zheng looked at the newly washed car body yesterday, shook his head and sighed, and followed Shen Huai and Huang Xinliang to climb the embankment step by step; Wang Kangsheng and the engineering staff rushed over from elsewhere.

Meixi Iron and Steel is currently going to work on two projects at the same time, both of which are major projects:

Zhao Dong is responsible for the expansion of the production line, and Jiang Kangsheng is responsible for the cargo terminal.

Met with Wang Kangsheng, Zhu Li and the project leader of the Municipal Port Construction Company, and Shen Huai, accompanied by them, watched the scene together.

"When will Meixi Town be able to move the farmers out, and our engineering team will be able to enter the site on a large scale by then!"

The freight terminal and yard project was handed over to the Municipal Port Construction Company for general contracting, and the civil engineering and earthwork works were transferred to Zhujiang Construction for subcontracting.

Ren Wei, the project leader sent by the Municipal Port Construction Company, is familiar with Zhu Li, and Zhu Li often subcontracts the projects of the Municipal Port Construction Company, which makes the project team enter the state without too much running-in time after its establishment.

Under the embankment, workers of Zhujiang Construction are building a temporary project management office with light steel keels and color steel tiles.

Of course, the 100 acres of land used in the early stage of the wharf and the farmers along the Meihe Highway need to be moved out before the engineering team can officially enter the site.

The administrative area has just been adjusted, and it has not been a few days since Lishe Village was merged into Meixi Town.

Hetang Town wants to share the Meitang Highway, but it is unable to bear the responsibility of demolition and resettlement. These things were thrown over, and Meixi Town had to quickly resolve them in order to pave the way for the project to begin, but Hetang Town also cooperated with some publicity work in the early stage.

Originally, the town made a decision on the matter of demolition and resettlement, and it was enough to order the village to cooperate in the implementation.

However, considering that Lishe Village had just been merged into Hetang Village, the stiff administrative order was likely to cause Lishe Village to have a psychological dilemma for outsiders, so Shen Huai came over in person this time to talk to the cadres of Lishe Village about the resettlement work, and planned that Lishe Village and Meixi Iron and Steel would lead the demolition work, and the town would cooperate.

Before the appointed time, Song Xiaojun, the village director of Lishe Village, and two other village cadres rushed over by bicycle.

Song Xiaojun is a burly man, who returned home from the army, started as a deputy branch secretary, and was only elected as the director of the village committee this year, just in his early Chinese New Year's Eve years old this year.

Shen Huai has only been in contact with the people of Lishe Village for the past two days, and he doesn't know what Song Xiaojun's temper is, standing on the edge of the construction site, watching Song Xiaojun and them come over, shaking hands, and said directly: "Lishe Village doesn't even have a decent gravel road now, Meihe Highway and freight terminal will directly open the door for Lishe Village to connect with the outside world, and your work should also be accelerated......"

"We know this, the town issued a document, we have been working overnight for the past few days, and the vast majority of villagers are willing to cooperate with the demolition work, but if we compensate for resettlement, we hope to re-approve the homestead to build ......houses," Song Xiaojun said.

In domestic officialdom, the so-called "crushing people at the level of officials" refers to the middle and upper class groups whose interests are deeply involved, while at the grassroots level, the authority of the higher levels is relatively much weaker.

Village cadres in impoverished villages like Song Xiaojun do not get as much money as they earn when they go out to work, and they have no chance of making money if they want to, and their net worth is innocent; if Shen Huai presses him with an official hat, these village cadres will have a hot temper, and they may not do it if they shake their butts.

This is where grassroots work is difficult.

"The entire Meixi Town must be re-planned, and the township and village cadres must also have a vision of development," Shen Huai picked up a branch, squatted on the muddy ground, and first drew the Meixi River and the Zhujiang River, and then drew the Xiamei Highway and the Meihe Highway that will be paved, pointing out to Song Xiaojun and the other two village cadres, "Both sides of the Meihe Highway will be the newly planned industrial zone." To the west of the industrial area to the east bank of the Meixi River, there will be a newly planned residential area. From the planned industrial zone to the west to the east bank of the Meixi River, it is only four square kilometers. Today, the homestead land will be re-allocated, the houses will be built in a scattered manner, and in two years the economy will be able to develop and carry out the construction of residential areas, and then it will be demolished again, and the villagers will point to whose backbone when the time comes?"

"Secretary Shen, we have all thought about these truths you said," Song Xiaojun said, "However, Lishe Village is nested in the corner, except for the young people who go out to work, most of the villagers who stay behind farm for a living." Building roads and wharves is good for a long time, but the demolition and relocation work is about to begin, and the livelihood of the villagers who depend on farming for a living will soon become a problem. This is also the hardest part of the job to do. ”

"I know what you're worried about, and I'm here to talk about this," Shen Huai said, "and the town has discussed that it is necessary to solve the worries of the demolition and relocation farmers so that the demolition work can be carried out smoothly." Now, I would like to put forward three suggestions: First, those with a high school or technical secondary school education or above can be recommended to work as workers in steel mills; second, I suggest that Lishe Village set up a labor service company to carry out labor service cooperation with Zhujiang Construction, Meixi Iron and Steel, Ziluo Jiasha, and the town real estate company, so as to absorb more surplus labor; third, the state is establishing a basic social security system, and this time the town plans to set aside a part of the land compensation money to establish a pension fund account for the relocated peasant households......

The two villages of Lishe and Caijiaqiao, with a total area of only more than 8,000 acres, are the last space for the development of Meixi Town to the south.

Shen Huai's ambition is to develop Meixi Iron and Steel into a super-large steel enterprise with tens of millions of tons. However, the total steel output of Huaihai Province in '93 was only more than 3 million tons, and now is obviously not the time to announce this grand plan.

Shen Huai has only announced the development plan of Meixi Iron and Steel for three years and 500,000 tons, including freight terminals and power stations, and 600 acres of land from Lishe Village are enough.

However, in order to build a million-ton electric furnace steel base on the north bank of the Zhujiang River, it is necessary to collect all the land in Lishe Village in the form of industrial land reserves, and this is something that must be done gradually in the next three to five years.

Not only can it not be re-approved in Lishe Village to resettle the demolished rural households and villagers' concentrated residential areas, but even the Caijiaqiao land acquisition and construction further west, so that it can be consistent with the plan, and it will not be built this year and demolished in three or five years. Even if it is wasted, the villagers cannot afford such a toss.

"The town has discussed that it will consider merging Lishe Village and Caijiaqiao into one administrative village in the later stage," Shen Huai and Song Xiaojun confided in the town government's future construction plan. In this way, as long as the town builds an asphalt road along the east bank of the Meixi River to the south, it can connect Li She and Caijiaqiao with the town at the same time......"