Chapter 581: Can't Get Out
Against the backdrop of the global financial turmoil, China also experienced some serious economic downturns in the fourth quarter of '08.
The export-oriented economy has been severely affected, and both imports and exports have achieved reverse growth.
Therefore, the state has also introduced a series of measures to stimulate the economy, which is referred to as the 4 trillion plan.
Chen Mingliang's words are basically the actual situation that has already happened, and many people have analyzed it, and there is nothing new.
However, then, Chen Mingliang finally began to talk about his requirements:
"Now the state is taking out a large amount of money to invest in infrastructure, and at the same time encouraging enterprises to go out and participate in overseas mergers and acquisitions.
This is a good thing, but sometimes it's also a point of no return.
Here I would like to say something that is politically incorrect and at the same time conservative, and that is:
We are not allowed to participate in any form of overseas mergers and acquisitions! ”
"I don't interfere in your operations, I only mention the general direction, that is, in principle, all companies are not allowed to participate in overseas mergers and acquisitions."
"If you have sufficient funds and do not have a bank loan and want to acquire assets overseas, you can, I have no objection;
However, if your own profitability is relatively average, and you still want to expand your scale to catch up with the trend overseas, then, sorry, if I am a holding company, I have made it clear that I will not pass, and if it is a company in which I have a stake, then please allow me to withdraw from the operation of your company. ”
"Our products can go out, but our funds cannot, and the money in the bank is not so easy to borrow, which is a sweet trap."
"I know that we have a lot of cash flow, a very good line of credit, and good momentum across companies.
However, my personal landscape is limited and I do not have a global perspective.
Therefore, if our company is involved in industry, whether it is production and R&D, all in China, and there are those who want to carry out overseas mergers and acquisitions, just buy patent authorization, eat eggs, I don't want hens, hens raised by others, why is it so simple to give it to you? ”
"Of course, I am asking for nothing else, but for the safety of funds and reducing the burden of operation."
The people in the audience were stunned, you are the Empress Dowager Cixi, how can there be development after the thinking is so closed?
Many people wanted to stand up and debate with Chen Mingliang, especially some highly educated professional managers, but Chen Mingliang did not give them this opportunity.
He didn't want to say that a construction machinery company did prosper for a few years after acquiring the German machinery giant Putzmeister, and the founder of the company even became the richest man, but soon disappeared again;
He also doesn't want to say that a traditional energy giant, after acquiring four of the world's leading high-tech companies one after another, once became the richest man in China, and then plunged headlong into the photovoltaic market, and finally the company was on the verge of bankruptcy.
Isn't it fragrant to guard hydroelectric power and generate billions of cash every year?
Not to mention the big old king who loves to set small goals. He also acquired overseas real estate and overseas film companies, and wandered in the position of the richest man several times, and finally cut his flesh and bleed, scraped his bones and healed his wounds.
Among the companies invested and controlled by Chen Mingming, they can be roughly divided into four categories: one is the real estate industry, including real estate development companies and real estate commercial management companies;
The second category is the traditional manufacturing industry, that is, the industry, including some industries invested and self-operated, such as the pharmaceutical factory of the senior, the health care product factory of Ren Jing, and other manufacturing companies in which all investment companies are involved;
The third category is Internet type companies. Such as a certain wave, such as an e-commerce, of course, also includes a group buying website.
The development momentum of the Internet is still very good, and Chen Mingliang has been sparing no effort to increase investment in this industry.
Fourth, the entertainment industry.
This piece has the least input, but the output is not low, just the Huayi Brothers went public, Chen Mingliang cashed out a lot of money, and as long as this film company has a hit movie online, Chen Mingliang will inevitably cash out, and now these two brothers are angry, and the benefits have been taken by you, and we can't find a set of empty shares - >>
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Present opportunities.
Chen Mingming's own entertainment company has also developed well, with artist agents, film and television production, and now he has also started variety shows.
Of course, the fastest growing real estate companies and real estate business management companies, they are the ones with the most fixed assets, and they are the ones who occupy the most funds.
After so many years of development, the real estate company has formed a certain scale, and its image has been fully established, and it can almost dominate the real estate circle in Beijing!
The real estate company also built its own group headquarters, which is Lao Jin's dream, and Chen Mingliang did not object.
Having its own group location also marks the growth of the real estate company into a large-scale company.
The continuous completion and delivery of properties indicates that they have strong development capabilities;
The continuous transfer of shops to the real estate company also marks the continuous precipitation of the fixed assets of the real estate company.
Now, although the real estate company has taken up a lot of money on "checking out", but now the house price has stabilized, and even a bit of a rebound trend.
Especially after the country liberalized the credit market, other real estate companies are no longer so short of money.
According to the company's previous estimates, the real estate company may encounter a difficult period of two years, and now it is less than half a year, and there are signs of recovery.
Chen Mingliang has also recently mobilized more funds to invest in the real estate industry, including borrowing from investment companies.
Chen Mingming's statement is to relieve the first aid difficulty.
Therefore, he took the initiative to take over more than a dozen unfinished buildings in the capital, and Chen Mingliang said that he did not want the owners who bought the houses to lose all their money.
Over the years, the real estate company has reserved a very rich talent. According to industry surveys, Chen Mingliang's talent content and education level rank among the top major real estate companies in Beijing, which shocked many real estate developers.
After all, they are not the first brothers.
The real estate company did not take the initiative to acquire unfinished buildings, and others came to the door.
Pigs delivered to the door cannot be slaughtered.
The staff of the real estate company also has strong negotiation ability, "Now our company's funds are not rich enough, and it is very reasonable to change hands at this price, and we can't bear to see our peers go bankrupt, and at the same time let the interests of the owners and peers be damaged at the same time." ”
At the same time, they attacked other real estate companies for "not saving them when they see death", knowing that our company has difficulties in capital turnover and "is unwilling to reach out to help." ”
So, we maintained the company's reputation and defended the company's image, and at the same time told our real estate counterparts that although we have returned a lot of houses, the company is not short of funds, and we can also acquire more unfinished buildings.
Chen Mingliang is really a contradiction, say he is conservative, he is very radical when he invests in real estate, he is not afraid that real estate takes up too much money, say he is radical, he strongly opposes the company's expansion of reproduction.
His philosophy is to eat as much as he wants, invest in business, and only after he can return to his capital can he move on to the next step.
In addition, the funds invested in the expansion of reproduction must be from the funds that you have earned before, and if you want to borrow money from the bank, you must repay the previous arrears.
Then the atmosphere of the annual meeting became very good.
This is mainly due to the outstanding performance of the companies this year, and the dividends and commissions of shareholders and managers are far better than in the past.
The market response is good, the person in charge of the company is naturally happy, someone is not a stingy person, and the money that should be issued is absolutely unambiguous.
Someone doesn't love money, he has no interest in money, he is only interested in spending money.
The climax of the annual meeting is not a song and dance performance, not a toast and a cigarette, but a raffle.
In the past, it was no longer enough to send money and cars, but this time Chen Mingliang is ready to send a house, and he also attaches the indicators of the Beijing household registration.
There is only Chen Mingliang here in such a tyrant company, and many companies do not have a suite in a year's profitability, but Chen Mingliang said that he would send it away, and his real estate company lacked everything else, that is, there was no shortage of houses.