Chapter 238: Good Parents of Capitalists

The foundation of the Huateng system is the Yangtze River Delta and the economic belt along the Yangtze River, and Jiangnan Province is naturally the center of gravity of the layout of the Huateng system. Pen @ fun @ pavilion wWw. biqUgE怂 ļ½‰ļ½Žļ½†ļ½

The focus is on Ningzhou, Xizhou and Xuzhou, the southern, central and northern three major cities across Jiangnan Province, after a day of inspection in Ningzhou, the next day at 7 o'clock has arrived at the Jiangtai Grand Hyatt Hotel in Xizhou.

In the structural design of the family consortium, Mr. Xu and Mrs. Xu fully drew on the decentralized trust model of the Pritzker family in the United States, and Mr. Xu and Xu Teng also had meetings with the Pritzker family during their visit to the United States.

The two families have reached a series of cooperation framework agreements across the Pacific, including the rights to operate the Grand Hyatt hotel brand in China, under which Galaxy Capital Group will own the franchise rights of the Grand Hyatt in the Chinese mainland market for 15 years.

Galaxy Capital Group then resold the franchise to Jiangtai Group, allowing Jiangtai Group to expand the "Jiangtai Grand Hyatt Hotel" across the country, with a standard of no less than four stars.

The Pritzker family does not need to invest in the construction of the hotel, but can share 12% of the after-tax net profit of each "Grand Hyatt Hotel" of Jiangtai Group, with no cost of expansion and no cost of expanding profit margins.

Because the contract period is only 15 years, Jiangtai Group currently buys land in 7 megacities such as Beijing, Shanghai and Guangzhou to invest in the construction of "Grand Hyatt Hotel", mainly relying on mergers and acquisitions to rapidly expand the scale of "Jiangtai Grand Hyatt Hotel".

In addition to the short-term lease of the "Grand Hyatt" brand, Jiangtai Group also has its own Jiangtai Huangting, Huating Express, Sunshine Hotel, Sunshine Youth Apartment four hotel chain brands, as well as the acquisition of GreenTree Inn Hotel and "Yintai Plaza" from Huayin Department of Trade Chain Brands.

Hotel industry, this is the main business of Jiangtai Group.

This time, Xu Teng specially went to the Jiangtai Grand Hyatt Hotel in Xizhou to hold a breakfast meeting, and met with several leaders of Xizhou City, as well as President Rong of Suntech Power, and had breakfast together, eating and talking.

The things that should be discussed, long before Xu Teng arrived, were actually almost discussed, and this time I came over to meet and meet officially, and then sign the contract.

So, it's fast.

He went to Xizhou at 7 o'clock, held a breakfast meeting with the city leaders at 8:15, and signed an equity transfer agreement with the Municipal State-owned Assets Supervision and Administration Commission at 9 o'clock, buying 75% of the state-owned equity of Suntech Power at a price of 135 million yuan, and promised to continue to provide 400 million yuan of funds to Suntech Power for production expansion and technology research and development.

During the talks, Xu Teng temporarily added a project, willing to merge and acquire Xizhou Water Supply Company at a premium to provide water and sewage treatment business for Xizhou, although he currently does not have the technology and talent reserves in this area, but he has decided to do this business, no one dares to doubt that he can't do it, and he can't do it well.

Xu Teng has chips.

Huayin has acquired a number of important enterprises in Xizhou, and as long as Huayin completes the acquisition, it will inevitably make significant additional investments to ensure that it can occupy more market share faster.

Several leaders of Xizhou City were very happy, and the current Secretary Yang was also bold and had a strong style, and he made a decision on the spot.

One word, sell!

Three words, sell immediately.

Secretary Yang worked on the spot, directly called the director of Xizhou Water Supply Company, assessed assets and liabilities, negotiated the price with Xu Teng in two hours, and initialed a merger and acquisition agreement.

It's actually a package deal.

Secretary Yang of Xizhou has only one special request, Xu Teng was originally expected to be placed in Jiangzhou's Chaowei battery factory, settled in Xizhou, because Xizhou's electric vehicle industry is very developed, the country's top ten electric vehicle companies, Xizhou accounted for four.

In 2004, the Chaowei company controlled by Huayin was not very famous, but the scale of investment in these years is not small, and it is indeed the first and second comprehensive battery manufacturing enterprise in the Yangtze River Delta, and the scale of the scientific research team is not small.

Although it is not a well-known first-class large company in the country, as long as Xu Teng puts this battery factory with a total investment of 400 million yuan, Secretary Yang is willing to be a salesman for him.

Secretary Yang is well-informed, shrewd and capable, and is sure that this Chaowei battery company will develop very rapidly, because this is a battery company invested by Huayin, with unlimited capital and a promising future.

What else is there to say about this?

Xu Teng increased the weight on the spot, in addition to the original production department, he will also move part of the scientific research department to Xizhou.

In terms of commercial layout, this distribution is not very reasonable, because Chaowei Battery Company is located in Changxing County, Zhejiang Province, which is very close to Xizhou, an hour's drive.

Xu Teng's construction of a branch factory in Xizhou is equivalent to relocating the production capacity of the headquarters, or even moving the headquarters over, taking Xizhou as the headquarters, radiating the entire Yangtze River Delta, and then setting up factories in Jiangzhou and Chongqing, radiating the entire Yangtze River Economic Belt.

This is something that cannot be helped, the competition between local governments is so fierce, and the big cities always have more advantages.

Xu Teng originally wanted to go to Changxing to inspect it, but now he definitely doesn't have to go over, because Changxing County can't report a higher price, although the county has supported it for so many years, it has contributed to the development of Chaowei Company over the years, but what ...... Capitalists are always realistic and the most ruthless.

As for Zhejiang Province, it is easy to do, Xu Teng will move the production capacity of Changxing County to Jiazhou City, Zhejiang Province, the closest place to Shanghai, in response to the industrial docking plan of Zhejiang Province, by the way, just add a few projects in Jiazhou City.

After all, Jiazhou is a prefecture-level city, close to Shanghai, and has developed rapidly in recent years, although there are no key enterprises, the land price has risen very well, and the second-tier cities are considered to be a very promising real estate market.

In contrast, what benefits can Changxing County bring to the Huateng system?

Xu Teng's layout was slightly adjusted, and Huayin arranged a series of high-tech industries such as home appliances, photovoltaics, batteries, auto parts, water affairs and sewage treatment in Xizhou.

It's a lot of land.

Secretary Yang took out more than 1,200 acres of land in Binhu New District, Xizhou, as a bargaining chip, and invited Huayin to build a new city in Xizhou, and the city promised to solve the problems of schools, hospitals and transportation, the price was very cheap, and there was no need to participate in the auction.

This land was originally competing with Hopson Development, and they talked with Xizhou City for half a year, but it was robbed by Xu Teng halfway, and the price was much lower than Hopson's offer.

In fact, Xu Teng basically didn't make an offer, so he asked Secretary Yang what the lowest offer in the city was.

Secretary Yang opened his mouth to 1,000 per square meter.

Is this different from giving away for nothing?

900 million to buy land, and then invest 2 billion to build the city, after the successful operation of the project, before 2010, how can you sell the total price of 7 billion commercial housing, commercial real estate is 2 billion start, and then leave a batch of commercial buildings for long-term rental, the profit margin is definitely not low.

Xu Teng immediately raised his glass and made a deal.

This is really a good parent for China, a good parent for capitalists.

Such a good friend and a good leader, Huayin Department has made a deal.

Xu Teng's schedule was too tight, and he had to go to Wuzhou in the evening, so he still tried to squeeze out time as much as possible, and asked Secretary Yang to accompany him to the industrial zone to inspect several electric vehicle companies, and by the way, he went to Suntech Power to build momentum for the other party's plan to be listed on the NASDAQ.

Celebrity effect, the projects he invested in are listed, and there are no capitalists and investment banks to pursue them, which is a strange thing.

Xu Teng arrived in Xizhou at 5 o'clock early, and after negotiating most of the things, he went to the industrial zone at 11 o'clock to inspect and talk with the CEOs of four electric vehicle companies in Xizhou: Yadea, Xinri, Xinlei and Oppai.

Secretary Yang accompanied the scene.

The electric vehicle industry, in the domestic policy changes are relatively large, the technical content is low, basically are assembly plants, there are too many miscellaneous factories around the country, especially in this period there is basically no so-called famous brand enterprises.

These companies are relatively large in Xizhou, and they have entered the industry early.

Xu Teng originally planned to spend a few days and observe carefully, but objectively he really didn't have time, so he could only meet and talk with a few CEOs for half an hour.

Huayin has recently had four ST A-share shell resources, one for Chaowei Battery, and three others, and other joint partners are looking for suitable companies, Xu Teng is also looking for it, and he is looking for the electric vehicle industry.

It doesn't make much sense, it's just a wave of profit in the 2007 bull market, and it is difficult for the industry to stabilize its advantage.

Objectively speaking, the technical content is not as high as the production of mountain bikes.

Xu Teng chatted with several CEOs, and suddenly had some ideas, and gave Secretary Yang a suggestion, "Now this industry is a bit scattered and disorderly, all at the beginning of the development stage, Xizhou may wish to come up with a general accessories standard in advance, such as battery specifications, motor specifications, electronic devices, brake pad specifications, if these can be unified, the local electric vehicle companies in Xizhou must have more advantages than other regions, it is easy to become bigger, and finally make Xizhou the capital of China's electric vehicle industry The possibility is not low." ā€

"That's right. Secretary Yang slapped his thigh, and he didn't look like a very elegant person. This person is very strange, he just arrived in Xizhou in October this year, he has connections on it, and the new official has taken office, and he still has a strong style.

The strangeness of this person is that although he has a high degree of education, he likes some very down-to-earth manners, such as patting his thighs, rolling his sleeves, rolling his trouser legs, and it seems that he is not such an elegant local leader.

For example, many of today's decisions are completely one-worded, and he has the final say, and the other leaders of the municipal party committee are simply like decorations.

Therefore, it is only a matter of time before this conscientious parent who loves capitalists like children falls from power.

For the time being, it is still very safe, Xu Teng does not need to keep his distance from the other party, as for the future, his dealings with this leader are basically handled by a senior shareholder partner of Huayin in Xizhou.

Xu Teng has already arranged this matter, and Secretary Yang met with the other party shortly after taking office and talked for one night.

Huayin Department in Xizhou, which real estate companies are responsible, the other party will tell Secretary Yang one by one, in return, Huayin Department will make Xizhou as the industrial center of the Yangtze River Delta layout.

It's all under the table.

Xu Teng came over today just to be responsible for the performance of the play in place, he and Secretary Yang met for the first time, and they were infected by Secretary Yang's investment spirit and enthusiasm, and made decisions on the spot to invest in so many projects, which seemed that he and Secretary Yang were very courageous.

Life is like a play, just do it for others to see.

However, Xu Teng's proposal for the electric vehicle industry was thought of without warning in advance.

"This matter, you let a few CEOs here, they are still facing competition with each other, it is estimated that it will not be done, the city will put aside the enterprise to formulate it separately, it may be out of reality, Secretary Yang wants to do it, it takes a little more thought. "Sending the Buddha to the west, Xu Teng simply became a qualified staff officer and helped Secretary Yang scrutinize.

"It must be dominated by enterprises, but the government must also give a strong boost and make this a key work in Xizhou next year. Secretary Yang made a loud voice, so he made a statement first.

"If this is done, it will be a great thing for our business. Several CEOs also have to express their support, in fact, who has high sales, who has low cost of goods, and who is not happy.

Because of this, the cost is almost diluted in the end, and those small and medium-sized, even storefront electric vehicle companies are more moisturized, and they have become a general standard, which can be assembled according to modules.

Spare parts companies must be very happy, especially batteries and motors.

Secretary Yang and these companies here all knew in their hearts that Xu Teng had already told Xizhou City through his deputy that he had excess ST shares in his hand and could give them to an electric vehicle company in Xizhou to let the other party go public through backdoor listing.

As for the conditions, the other party opens it himself.

Soon, everyone talked about A-shares, and several CEOs wanted to do it, but they had to sigh that now A-shares are falling endlessly, and two of them are long-term investments and have lost a lot of money.

Several of them are competitive, but they all want to lower Xu Teng's psychological price a little, so they have joined forces at this time.

"Well, the market of A-shares has indeed been relatively poor in the past two years, do you know the reason?" Xu Teng asked people to pour a cup of tea, drank it in an ordinary purple sand cup, and slowly chatted with their CEOs.

"The financing environment is not good. "Chairman of the new day is quite young, less than forty years old, this age to have such a scale of business, is not simple, it is said that so many years has been very smooth, starting from the footwear industry in Wenzhou, to do electric vehicles is also a big leap.

This Chairman Zhang is obviously not much stock speculation.

"The domestic M2 index is still relatively medium to high scale, there has been an obvious new trend in the past two years, and it is the largest investment area in the world to attract foreign investment, and the economic growth rate is the first in the world, but our A-stock market earnings ratio has fallen below 20 times, this is a paradox, it is difficult to explain, right?" Xu Teng drank tea, his eyes swept around, and he probably didn't understand what he was doing.

This is normal, Huayin Department has done so much research and analysis to figure out the clue.

Xu Teng is the richest man in China, a technology upstart, he talks about A-shares, and no one here dares to pretend to be old or an expert in front of him, so he can only listen to him in a muffled voice.

"Secretary Yang knows that my itinerary in Jiangnan Province this time is very tight, the reason is very simple, I took the principal of 3 billion yuan myself, and the province borrowed 4 billion yuan, and the money is on me, carrying 7 billion capital with me. The requirement of the province is in one sentence, the 7 billion must be invested in the province. Xu Teng finally put down the teacup, grabbed a handful of peanuts on the table, and slowly peeled them.

This news, Secretary Yang who accompanied him was clear, and several other CEOs didn't know, so they were shocked, they were quite valued in Xizhou, and it was quite difficult to apply for a loan.

This is really more human than human, and it is infuriating.

Xu Teng's project has not yet been put in place, and the province has borrowed 4 billion, tearfully kneeling and begging Chairman Xu to invest in high-tech industries in the province.

Whether the provincial leaders kneel or not, these elders are always unclear, but Secretary Yang of Xizhou must have knelt.

"7 billion, you think it's a lot, but let me tell you, don't talk about other companies, just say that my Huateng Group, the industrial investment is so much, so fierce, the actual loan and capital flow, 70% of it still flows to the real estate industry. ā€

Xu Teng gave everyone an account, and then explained it clearly, "Throughout 2004, my Huateng Holding Group invested 14 billion yuan in real estate, and the actual investment in auto parts must have been seen a lot on the news, adding up to less than 3 billion." Because Huateng Land Company is developing along the Yangtze River line, the three pieces of land we won in Pudong, Shanghai, alone add up to more than 2 billion yuan. In one area of Jiangzhou, we have accumulated more than 3,000 acres of land in recent years. We expanded all the way from Chongqing to Shanghai, how much money did we spend to buy land, how much money did we invest in construction and real estate, can you imagine?"

"Capital is profit-seeking, I have so many high-tech industrial projects in my hands, and I have to do business in this way, what do you say about other people? Mr. Zheng of Shanshan Group, and our family is an acquaintance, he has been stagnant in recent years, 80% of the funds and loans are invested in the real estate industry, Wanxiang, New Hope, which are all well-known industrial giants, in fact, it is about the same. ā€

Xu Teng sighed, and said that the data was almost the same, and then asked a few CEOs, "Then you say, how much money is flowing to the industry and the securities market now? Anyway, I can tell you that 90% of the country's private equity funds are engaged in real estate infrastructure investment and financing services, and now there are very few stocks. It is inevitable that the stock price will be low, but I can say responsibly that from next year, the central bank will definitely introduce policies to block this general trend, because there are three major harms. ā€

"First, housing prices are rising too fast for the common people to bear; second, the country's main new loans are concentrated in the real estate industry, and the risks of banks are too high, and there is a possibility of brewing a real estate bubble crisis; third, the harm to the industrial economy is too great. ā€

"Therefore, in two years or three years, a lot of capital across the country will gradually be withdrawn from the real estate industry and returned to industry, and some capital will inevitably be integrated into the stock market. Xu Teng shared so much information and judgment, just to tell these CEOs that it is still too late to negotiate with him now, and it is still too late to grab this shell resource, and next year, you will not be able to grab it.

Xu Teng didn't know that the other party had begun to gradually release overseas investment and return to the mainland to operate A-shares.

He looked at the time, got up and prepared to leave, "A few bosses, I originally wanted to invite you to dinner at noon, but I still have some things to talk about with Secretary Yang, so ...... I will basically finish this visit next Thursday, and on Friday, I will go back to Xizhou, and we will talk about it slowly. Let's make money together!"

He shook hands with each chairman and said goodbye, and then left with Secretary Yang and the other two municipal government leaders who accompanied the attendees.

Originally, the Xizhou Municipal Government arranged a reception banquet, Xu Teng was short of time and had a heavy task, so he asked his deputy President Yu Liang to attend the luncheon there, and he invited Secretary Yang and Mayor Chen to dine at the Jiangtai Grand Hyatt Hotel in Xizhou.

Because, he temporarily sent a helicopter to Changxing, Zhejiang Province, and invited Chairman Song Huiming of Chaowei Company over.

Xu Teng's plan is very simple, before he leaves at 5 o'clock in the evening, the matter of relocating Chaowei's headquarters to Xizhou will be negotiated, and in front of him, he will ask the two city leaders to explain the policy clearly and the price will be in place.

Everyone is sneaky and does business clearly. (To be continued.) )