Chapter 571 The debt-to-equity swap plan cannot be sought
Zhou Wenhuai was overjoyed, the bad debts of Samsung Automobile Group Company had tormented him to death, if Lin Cheng could really help him get rid of this big trouble, even if Zhou Wenhuai knelt down and called Lin Cheng's father, he was willing.
He hurriedly asked, "Will Ji An'an come out?"
Lin Cheng smiled faintly: "It's very simple, didn't Samsung Motors Group Company mortgage all the company's assets to your bank in order to expand its loans?"
As long as your bank transfers the debt to me, I am willing to assume the debt of 1.5 billion yuan of Samsung Motor Group Company, and in exchange, I, Lin Cheng, own the entire equity of Samsung Motor Group Company. ”
Zhou Wenhuai's face suddenly became solemn when he heard this, and he said tentatively: "What does Mr. Lin mean is to convert the debts of Samsung Automobile Group into shares, and Mr. Lin will repay the debts for Samsung, and Mr. Lin will become the equity owner of Samsung Company?"
Lin Cheng nodded and said: "It is a debt-to-equity swap, a means often used by state-owned enterprises." ”
Zhou Wenhuai was still a little incredulous, "But the debt-to-equity swap is generally carried out between state-owned enterprises, and the exchange with private enterprises does not seem to have happened."
And even if Mr. Lin acquired Samsung Motors Group Company, the state has a policy that does not allow private enterprises to enter the automotive industry.
Zhou Wenhuai doesn't understand, national policies and regulations clearly prohibit private enterprises from entering the automotive industry, what is the use of Lin Cheng's acquisition of this Samsung Motors Group Company? !
Of course, Zhou Wenhuai, as the president of a prefecture and city branch, did not understand, but Lin Cheng knew that since Mr. Huo went to Beijing half a month ago to make a proposal to the central leaders and allow the catfish of private enterprises to enter the automobile industry, it has attracted great attention from the central bosses.
In particular, after an investigation by Mr. Huo, the reality of large state-owned car companies being content with the status quo and not wanting to forge ahead was exposed to the central high-level officials, which means that the country's implementation of the policy of "market for technology" in the automobile industry has failed.
This failure deeply hurt the eyes of the central bosses, and they learned from the pain, and under the promotion of the iron-fisted chief, the entry of private enterprises into the automobile industry has become a unified consensus of the central bosses.
They have decided that even in the face of strong resistance from vested interest groups, they will still spare no effort and unswervingly promote the policy of private enterprises entering the automotive industry.
Mr. Huo has told Lin Cheng that there are two months at most, and before the National Day, the government will loosen the restrictions on private enterprises entering the automobile industry, and will issue five license plates to allow the first batch of five private enterprises to enter the automobile industry, that is, to issue five automobile "birth permits".
After receiving the information revealed by Mr. Huo, Lin Cheng secretly said, "It's so dangerous!", fortunately, he detonated the Zhanjiang smuggling case two months ahead of schedule, and if he didn't come to buy Samsung Automobile Group until September, he would definitely face fierce competition from countless competitors.
You must know that the automobile industry is a real profiteering industry, automobile sales, automobile maintenance, automobile maintenance, automobile finance, automobile decoration and other subdivided industries can make a lot of money, otherwise Li Geli, Wang Chuanfu, Wei Changcheng, and other private entrepreneurs will not be for a paper car "birth permit" and magic weapons.
Originally, Lin Cheng also wanted to take a stake in a local state-owned car company in Qilu, but the plan couldn't catch up with the changes, and Lin Cheng didn't expect Old Man Huo to be so powerful, and he changed a major national policy that affected countless people as soon as he came out.
After receiving the news, Lin Cheng immediately changed his strategy, rather than taking a stake in a state-owned enterprise and cheapening a bunch of moths, it is better to completely acquire Samsung Motors Group as soon as possible, and then have a joint venture between his own sole proprietorship and Daewoo.
In this way, Samsung Motors and Daewoo Motors are both wholly-owned enterprises under their own umbrellas, and they can fully control the new joint venture, which is naturally much better than sharing a piece of the pie with others.
Faced with Zhou Wenhuai's question, Lin Cheng was too lazy to perfunctory, and said in a blunt tone: "President Zhou, don't ask me why I acquired Samsung Automobile Group Company, I just ask, is it feasible to convert debt into equity?"
Zhou Wenhuai still felt Lin Cheng's powerful aura for the first time, and he hurriedly said in shock: "It's feasible, of course it's feasible! I can't ask for it! But I still have to carry out some operations to make the Zhanjiang State-owned Assets Supervision and Administration Commission obediently give up the controlling stake in Samsung Automobile Group Company." ”
Is this asking for a favor from yourself?
Lin Cheng smiled: "Very good, then everything will be left to President Zhou." If President Zhou can help me successfully handle this matter, the capital business of the Lin Group in Zhanjiang in the future will go through your bank's capital account, and the account capital will not be less than 10 billion. ”
Zhou Wenhuai was overjoyed and said, "Mr. Lin, rest assured, I will do my best to let you get what you want!"
……
In the general manager's office of Samsung Motor Group Company, Li Wenbin, who had just taken over as the company's general manager for a few days, sat in a sleepy city, looking out the window at the empty factory in a daze.
A whole debt of 1.5 billion! How can you repay yourself?!
After thinking about it, Li Wenbin couldn't think of a way to solve the debt, and couldn't help but scold: "Ma Qingshan, you bastard!
A few days ago, when the leaders of the Zhanjiang State-owned Assets Supervision and Administration Commission named themselves to the post of general manager of Samsung Automobile Group Company, they were still complacent, thinking that they had made a big gain, and even if their colleagues inadvertently sneered, they misinterpreted it as their colleagues being happy for themselves.
When I came to Samsung Motors Group to perform my duties, I found that Nima was completely a pit!
A Zhanjiang star state-owned enterprise with total assets of more than 5 billion yuan, two manufacturing companies and 15 branch factories under its umbrella, all the parts and components of automobile assembly were imported through smuggling channels, and in order to open a branch factory, the former CEO also borrowed 1.5 billion yuan from the bank and mortgaged the entire company to the bank.
If you can give Zhanjiang a little buffer time, he may be able to reintroduce the purchase channel and let the factory start work first.
But when he took office just when the Zhanjiang smuggling case broke out and the purchase channel was completely cut off, the factory had been shut down for more than half a month, and the company's account had less than 50,000 yuan, but the debt reached 1.5 billion!
With such a big pit, it is no wonder that the colleagues of the State-owned Assets Supervision and Administration Commission are afraid to avoid the position of general manager of the company, that is, he is a 205 who drinks herbal tea in the political research room all the year round, and he takes over this hot potato.
"Jingle Bell ......"
Just as Li Wenbin was feeling sorry for himself, a phone call came in, "Hey, President Zhou, don't rush me, I just took office, can you give me some time to slow down?"
"What! It's not asking me for an account, but going with me to Mayor Zhang's place to discuss the company's debt-to-equity swap? Don't shake me, who would dare to take over the company's situation? Isn't this a cheater!"
"What's the matter! Is the Lin Group going to take over? Aren't they crazy?!"
Putting down the phone, Li Wenbin looked confused, and some people were eyeing the tatters of Samsung Automobile Group Company?
Is Lin Cheng, the so-called president of the Lin Group, stupid?!
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