Chapter 0441 - Shorting
Li Zijian reported to Xu Haodong: "Li He is telling the truth, the Xiling Township Agricultural and Commercial Joint Company owes 12 million yuan in loans to the bank and 3 million yuan to the two companies, and those two companies buy the debts owed by the Agricultural and Commercial Joint Company to the bank, and then use it to enter the company in the form of debt-for-equity exchange and realize its controlling interest. The company's existing assets are valued at 125 billion yuan, and its liabilities are only 15 million yuan, and the other party can only account for 36 percent of the shares with 015 million yuan of creditor's rights and 30 million yuan in cash. ”
Xu Haodong looked at Li Zijian and waited for him to continue.
However, Li He did not tell the whole truth, and the debt owed by the Xiling Township Agricultural and Commercial United Company to those two companies was not 3 million yuan but 53 million yuan. The existing assets of the Xiling Township Agricultural and Commercial Joint Company are valued at 125 million yuan, excluding a piece of land in Xiling Street and a piece of land in the urban area, which are 40 mu and 20 mu respectively, and belong to industrial land, with a value of 20 million yuan and 30 million yuan respectively at that time. That is to say, before the reorganization of the Xiling Township Agricultural and Commercial United Company, the two sides had already exchanged 50 million yuan of debts with two pieces of land, and the shareholders did not oppose the reorganization of the company, but opposed to this replacement offset. ”
Xu Haodong said, "The problem is the change in the value of land. ”
"Yes, the 40 acres of industrial land on Xiling Street is 500,000 yuan per mu, which was the price 10 years ago, and now it is worth at least 700,000 yuan per mu. The 20 acres of industrial land in the urban area are worth 1.5 million yuan per mu, which was the price seven years ago, and is now worth at least 3 million yuan per mu. To sum up, the actual value of the two pieces of land is a total of 88 million yuan, which is still the same as the nature of the land. The current situation is that industrial development is no longer allowed in Xiling Street and the urban area, and those two pieces of land can be changed from industrial land to commercial land and residential land, and after deducting the cost of change, if those two pieces of land are changed into commercial land, the total price will be more than 120 million yuan, and if those two pieces of land are changed into residential land, the total price will be more than 180 million yuan. ”
Xu Haodong sneered, "Ants move elephants, such a low-IQ game, Li He won't be able to see it?" Could it be that they have already been dragged into the water? ”
Li Zijian shook his head and said: "It's not that I can't see it, it's not that I'm in the same stream, it's that I can't say that I have suffered after suffering losses." Four years ago, they cooperated with the South Koreans to build a soybean base in a certain country in Africa, and the guarantors were the two companies, and the collateral was the two pieces of land. Two years later, the project lost money, and the company was running normally, but the owners of the two plots of land became the two companies. ”
Xu Haodong asked: "How much does the situation you mentioned have to do with the township party committee and township government?" ”
Li Zijian said with a wry smile: "How can I say this, the Xiling Township Agricultural and Commercial Joint Company is a township enterprise, and the township government accounts for 51 percent of the shares, and the township party committee and township government must be the leader. But the problem came four years ago, when you were dismissed, Guo Tao, secretary of the municipal party committee, and Lin Jianfeng, the new mayor, joined forces to set up a township enterprise group company, placing more than 50 township enterprises under the group company, and the Xiling Township Agricultural and Commercial Joint Company was one of them. Taking the Xiling Township Agricultural and Commercial Joint Company as an example, its only substantive measure was to deprive the township party committee and township government of its direct leadership over the agricultural and commercial joint company, and to hire a professional manager for the company with an annual salary of 1.5 million yuan. The township enterprise management bureau came forward to set up a township enterprise group company and put more than 50 township enterprises under the umbrella of this group company; in fact, this is a freak; two years ago, the township enterprise management bureau was abolished, and the township enterprise group company existed in name only, and the enterprises under its control also returned to the townships and towns to manage themselves. This is the case of the Xiling Township Agricultural and Commercial Joint Company, which is ostensibly under the leadership of the township party committee and township government, but the actual power is controlled by the company's management. ”
Xu Haodong nodded, "The general manager of Xiling Township Agricultural and Commercial United Company is named Zhang Yifu, I have met a few times, he is in his forties, Japanese nationality, he is a Chinese-Korean mixed-race, and his background is complicated. ”
Li Zijian said: "My impression of this person is not very good, eerie. ”
"Zijian, don't judge people by their appearance." Xu Haodong thought for a while and said: "Let's not engage in the presumption of doubtful guilt, and we don't judge things by people, but on facts." If what you're talking about is a conspiracy, then it's too simple, first short a company, and then take it for yourself, this is the level of pediatrics. Of course, it took four years to realize a conspiracy, and this perseverance and perseverance are worthy of admiration. ”
Li Zijian asked puzzledly: "Haodong, I really don't understand the economy, do you mean that Zhang Yifu played a big conspiracy in the Xiling Township Agricultural and Commercial United Company?" ”
Xu Haodong asked rhetorically: "Do you know the performance of Xiling Township Agricultural and Commercial United Company in recent years?" ”
Li Zijian opened the small notebook he carried with him, and said while flipping through it: "In 2006, the profit was 8.3 million yuan; In 2007, it made a profit of $13.35 million; In 2008, the profit was $5.22 million; In 2009, the profit was $3.61 million; In 2010, it made a profit of $1.39 million; In 2011, the profit was $5.45 million; In 2012, the profit was $370,000; In 2013, the loss was $2.27 million; In 2014, the loss was $7.53 million; In 2015, the loss was $10.82 million; In the first five months of this year, it has lost 7.16 million yuan. ”
Xu Haodong snorted, "Zijian, do you see that the famous hall is coming?" ”
Li Zijian nodded and said: "Zhang Yifu took office in July 2012, except for a slight surplus loss in the first three months, and he has been losing money until now. In your words, he has been shorting the Xiling Township Agricultural and Commercial United Company, cutting meat with a blunt knife, and slowly forcing the company to the point of reorganization. Among them, he set up an African soybean production base and put two pieces of land into it. ”
Xu Haodong smiled and said: "Let me inspire you again, in the past five years, how has the performance of other similar enterprises in our city been." ”
Li Zijian shook his head and said, "I really don't know this. ”
Xu Haodong said: "As long as we compare the performance of other similar enterprises in our city, we can judge whether there is a problem with the Xiling Township Agricultural and Commercial Joint Company. ”
Li Zijian asked: "Haodong, I don't understand what you said about shorting, I am tired to ask for advice, if you are Zhang Yifu, will you also do this Kongxiling Township Agricultural and Commercial United Company?" ”
Xu Haodong smiled mysteriously, "You help me find three people, Yang Ling, director of the Public Security Bureau, Wu Xinghan, deputy director in charge of economic investigation and Internet police, and Xiao Chengwen, captain of the economic investigation team, I will give you an economic lesson in empty gloves and white wolves." ”