Text Text_Chapter 523
Zhang Mingyuan had just been promoted to vice mayor, and he was only in his early 40s, and he was already quite young and promising in domestic political circles; after taking office, he was in charge of the financial office within the city government, and the mess of the city commercial bank was also the biggest problem he was currently encountering.
Before the rise of Qingquan, the economy of Los Angeles had always ranked second in the province due to its relatively solid manufacturing foundation, and the phenomenon of private lending in Los Angeles was not serious, so that the Los Angeles Commercial Bank, which was established in 1997, developed on a large scale.
By 09, the Los Angeles Commercial Bank had more than 1,000 employees, absorbed more than 30 billion yuan in deposits, and issued more than 20 billion yuan in loans, which was much higher than that of Qingquan Commercial Bank at that time in terms of overall scale.
Although the core Tier 1 capital of the Los Angeles Commercial Bank has exceeded 2 billion, due to the large number of problematic loans in the loans, if the bad debts that have been clearly unredeemable are withdrawn this year, the core capital adequacy ratio will be significantly lower than the standard line required by the central bank, so it is urgent to introduce new strategic partners to supplement the core capital, so that the Los Angeles Commercial Bank can operate stably.
In recent years, due to the rapid rise of Qingquan, Los Angeles has been somewhat marginalized, and it is difficult to win enough attention from external capital.
However, the bad debts and bad debts of the Los Angeles Commercial Bank are too high, and the bad news of the Los Angeles officialdom makes the control and interference of the Los Angeles Commercial Bank too rough and direct, which also discourages many external investment institutions.
This also made Zhang Mingyuan's plan to help Los Angeles Commercial Bank introduce strategic partners, improve the equity structure, and improve the level of governance for nearly a year, but he always thought that it had not been realized.
In addition to the abundant capital in its hands, Dashang Capital, which has taken deep root in Zhongyuan Province, also participated in the restructuring of Qingquan Commercial Bank in a high-profile manner last year.
However, Dashang Capital itself is not very interested in participating in the Los Angeles Commercial Bank, and even if it can't resist the enthusiasm here, the level of the personnel who are ultimately assigned to be responsible for liaison and coordination in Los Angeles is not high, that is, it does not want the Los Angeles side to have too much expectations for Dashang Capital at the beginning.
This morning, the person in charge of Dashang Capital suddenly contacted him, saying that Zheng Wenyuan, vice chairman and president of Dashang Capital, was going to visit Los Angeles Commercial Bank with Zhou Bin, chairman of Xinchaorui Commercial, to discuss capital injection.
By the time Chen Li, He Wan, and Xu Yuanzhou were invited to appear at the dinner, the main conditions of the two sides had basically been negotiated.
Chen Li's requirements are actually very simple, the economic foundation of Los Angeles is relatively good, and the Los Angeles Commercial Bank is also the second largest urban commercial bank in the province, and the future development space is relatively large, and the focus of the contradiction is not in the price of capital injection, but in the equity structure and future management structure of the Los Angeles Commercial Bank.
Of course, Chen Li does not want the Los Angeles Commercial Bank to become a cash withdrawal machine for the Los Angeles city government forever, and cannot become an independent commercial financial institution that operates according to the market mechanism, and the only requirement is that the shareholding of the Los Angeles Commercial Bank by local enterprises in the Los Angeles City will be reduced to less than 50 percent.
Of course, according to the domestic regulatory requirements for banks and other financial institutions, Dashang Capital cannot have absolute control over Los Angeles Commercial Bank, but in addition to participating in holding 20 to 30 percent of the shares, Dashang Capital will also help introduce one or two domestic first-class commercial banks to participate in shareholding and directly participate in the management of Los Angeles Commercial Bank.
Zhang Mingyuan is in the prime of life at this time, and it is the rising period of his career, he has great political ambitions, and even hopes to help the Los Angeles Commercial Bank get rid of the entanglement of the local interest chain, but he only takes the lead in dealing with this matter, whether this matter can be done, he still needs to report to the secretary of the municipal party committee and the mayor, after all, the Los Angeles Commercial Bank is the only financial institution directly controlled by the city.
The introduction of large business capital and the capital injection and participation in the management of first-class domestic commercial banks are naturally extremely beneficial to the development of Los Angeles Commercial Bank itself, but for Los Angeles, it is to directly give up the only piece of financial cake that can be mastered in Los Angeles.
Of course, the problem may not be so serious.
The Luocheng city government can still control the largest number of shares of the Los Angeles City Commercial Bank through the municipal state-owned enterprises, and the direct influence will not be under the big business capital, but the problem is that in the past, it could designate the loan for its own use directly through a paper order, but at this time, it has to make a trade-off game with other shareholders.
Chen Li is not in a hurry, he is currently preparing two means to deal with Fang Longmao, and they are going to use two methods at the same time.
Even if neither of these means can force Fang Longmao and them to back down, and they can't force Shan Fuming to comply, he doesn't care, then the profits that can be obtained in the secondary market of Los Angeles Department Store will be subsidized to the next backdoor negotiation object, and the process of the backdoor listing of Xinchaorui Commercial will not be delayed for too long.
Accompanied by Zhang Mingyuan, Zheng Wenyuan's visit to the Los Angeles Commercial Bank in the afternoon had already been on the night news of the Los Angeles local television station, and there were many people participating in the night banquet, and it was not a top-secret news, Chen Li and Zheng Wenyuan had a banquet, and when they said goodbye to Zhang Mingyuan, the deputy mayor of Los Angeles, and left, Fang Longmao and Fang Yixin were in a villa manor in the southern suburbs of Los Angeles City, but they were in a hurry.
Los Angeles Department Store and the real estate company under Shan Fuming's personal name had a financial situation at the end of last year, and then they intended to transfer their shares in Los Angeles Department Store in order to solve the crisis.
At that time, the share price of Los Angeles Department Store had fallen below the previous low point and fell to the bottom in the stock market crash, and then Chen Li did consider borrowing the shell of Los Angeles Department Store to realize the listing of Xinchaorui Commerce, so he bought a part of the shares from the secondary market in advance in order to maintain the initiative in the negotiations, and Xu Yuanzhou secretly ate some chips, so the stock price recovered quickly after the Los Angeles Department Store announced a loss in 08 and could not make a profit in the first half of 09, and it has stabilized at about 5 yuan in the past three or four months.
Fang Longmao and Fang Yixin intervened late, and they only contacted Shan Fuming until May this year, and they had missed the opportunity to absorb chips at a low level, and then they were afraid that the stock price would be raised too high, which would be unfavorable to the asset restructuring after the backdoor, so they had to give up the operation in the secondary market.
In the morning, seeing that the Los Angeles Department Store was directly blocked by a huge amount of funds during the call auction, Fang Yixin naturally knew that it was Chen Li who was forcibly buying, in addition to getting more chips from the secondary market, there should be another purpose to disrupt their rhythm.
They don't have enough chips in their hands to suppress the stock price, and even if they have chips, they know very well how much money Chen Li can use, at least they understand that they can't suppress the stock price by selling chips, which will only make it cheaper for Chen Li to collect the chips of the Los Angeles Department Store cheaply, and it may even allow Chen Li to find an opportunity to directly snatch the control of the Los Angeles Department Store from the secondary market.
However, they didn't do anything, and watching the stock price of Los Angeles Department Store continue to rise, it would be very unfavorable for them to adjust the backdoor issuance plan based on the new stock price.
At present, Fanglong Real Estate, which can be loaded into Los Angeles Department Store, is only valued at 4 billion, and at 5 yuan per share, an additional 800 million new shares will be issued, and Fanglong Real Estate will be merged into Los Angeles Department Store, and they will finally be able to get 57% of the shares of the newly listed company through backdoor reorganization - so that Shan Fuming will keep a part of the old shares in his hands, and Han Zirui will buy an old stock from Shan Fuming, which will have sufficient room for appreciation.
If the stock price of Los Angeles Department Store is forced to be pulled to more than 10 yuan by Chen Li, Fang Longmao and they will put Fanglong Real Estate into a listed company, they can only exchange 400 million new shares, and the shareholding of the newly listed company will drop to 40% after the backdoor reorganization.
If other investment institutions are introduced, their subsequent shareholding ratio will be even lower.
This is obviously a bit far from their expectations.
However, Chen Li and they messed around like this, but it had little impact on their backdoor, because the current valuation of Xinchaorui Business is as high as 20 billion.
Even if they don't acquire the old shares in the hands of Shan Fuming, even if the share price of Los Angeles Department Store is raised to 10 yuan, and the new trendy business is loaded into Los Angeles Department Store, Chen Li and they can exchange 2 billion new shares, and theoretically the shareholding ratio can still reach 77%; If the stock price is not raised, in order to avoid excessive concentration of equity and the backdoor restructuring plan cannot be approved, and at the same time to ensure that other institutional investors involved in the asset restructuring have sufficient profit margins, Xinchaorui may even significantly reduce the valuation of Xinchaorui Commercial, and the final shareholding ratio may also be reduced to 70%.
In short, at this time, Fanglong Real Estate is not qualified to compete with Xinchaorui for the initiative at the capital level.
Han Zirui has some resources in his hands, but unless he drags Wanbang Real Estate in, he is not qualified to compete with Xinchaorui.
Fang Longmao and Fang Yixin came to find Shan Fuming, originally hoping that Shan Fuming could directly suspend the Los Angeles Department Store tomorrow, so that Chen Li's grandson would not have the opportunity to continue to raise the stock price of the Los Angeles Department Store from the secondary market, so that they could at least gain some initiative, and also forced Shan Fuming to publicly express his position and cut off the relationship with Xinchaorui.
Fang Yixin never thought that they were having dinner at Shan Fuming's house, and news came during the banquet that Zheng Wenyuan was directly in contact with the city and wanted to take a stake in the Los Angeles Commercial Bank.
Although the boss has taken a back seat, the Fang family has been deeply rooted in Los Angeles over the years, and its influence in the city should not be underestimated.
At this time, the new trendy rui is no longer the existence they thought they could step on five or six years ago.
Seeing Fang Longmao and Fang Yixin's frustration when they left, after sending them away, Shan Fuming sat in the study and didn't sleep all night, and asked the driver to prepare the car early the next morning and rushed to the hotel where Chen Li and Xu Yuanzhou were staying.
Today, He Wan used the excuse that there were too many parents who drove to pick up and drop off their children at the school gate, and blocked the road at every turn, so she deliberately sent Xixi to the school twenty minutes in advance, and rushed to the hotel with apprehension and excitement.
rushed to the small courtyard where Chen Li was sitting, and saw that Xu Yuanzhou had been pulled up by Shan Fuming and sat in the living room downstairs, He Wan was a thief and made excuses in a panic and said: "Seeing that the sky is cloudy and about to rain, I am afraid that the road will be blocked, and I deliberately got up early to send Xixi to school, I thought that you didn't get up when you came over, but I didn't expect you to get up so early!"
After He Wan saw Chen Li standing at the small bar there, she personally made tea for Shan Fuming and Xu Yuanzhou, and she walked over to help.
"Do you hate to kick them out?" Chen Li said with a low teasing of He Wan, "But it's better than being blocked by them in the early morning." ”
A red cloud flew on He Wanmei's face, and her beautiful eyes glanced at Chen Li, and asked him to go over to accompany Shan Fuming and Xu Yuanzhou to sit first......