Guan Yuntian himself is a steady person, and he has heard rumors about the restructuring trap for a long time, and in the process of contacting the three companies, he and Lao Ding have paid special attention to this matter. In any case, Guan Yuntian has to thank his old friend President Liu for his reminder.

"Yes, the risk needs to be highly valued, but the restructuring process is not achieved overnight, during which to go through mutual inspection, mutual exploration of the real and virtual, only after the two sides have an understanding, in order to carry out substantive contact, the subsequent business negotiation and bargaining, is also a process of deepening understanding, even if the two sides determine the intention, but also through the third-party financial audit, and finally submitted to the regulatory authorities for approval, this series of procedures, is not only to standardize the transaction process, but also to avoid risks to the greatest extent. Guan Yuntian explained.

"Just now you said that there will be results at the end of the month, it seems that this matter has been prepared for a long time, and I didn't hear you talk about it last time we met, and the confidentiality work is good. ”

This matter has been prepared for more than a year, we wanted to go public directly, and all the work was almost done, and finally the listing application report and related materials were reported to the regulatory authorities, only to know that there were still hundreds of companies waiting in a long line in front of them for review. People familiar with the matter told us that if we wait in line, even if all the conditions are fully in line with the standards, the listing is far away, and some people have the idea to take the road of backdoor listing, maybe it is a shortcut, and then we will start to operate this matter. "Guan Yuntian said.

"It seems that not only does it have a restructuring goal, but it's almost over?"

"We have selected three companies from a number of listed ST companies to contact, and have an in-depth understanding of all three companies, it should be said that we have almost talked about it, just waiting for the final offer of the other party, and the deadline is at the end of the month. ”

"Backdoor listing is also called listing, which is very good, this matter has been solved, the financing channels are wide, and new projects will be done in the future, which will not only reduce the difficulty of financing, but also save some financing costs. ”

"That's the truth, but I'm currently experiencing a little difficulty, and I hope to get President Liu's help. "Guan Yuntian said.

"That's right, you just said that there was something, but I diverted the topic, what do you need me to do?"

"Regarding the backdoor listing, I'm afraid it will be delivered at the end of the month, and the group company has made up a bit, and now there are still 200 million funds left, short-term loans, about half a year, you can help us think of a way. ”

"Isn't your private financing platform just right for short-term borrowing?"

"This matter is relatively sudden, I didn't say hello to Lao Chang in advance, half a month ago, he lent 300 million out, and now he can only take out 100 million, otherwise I won't trouble you. ”

"A short-term loan of 200 million yuan is not much trouble, but the amount is a little larger, which is beyond my authority, and I have to talk to the city bank. ”

"What procedures need to be fulfilled, you give me a hint, and I will let the finance department prepare. ”

"For short-term loans to high-quality customers like you, I don't know what procedures are required, wait until I ask the market bank. ”

"I'll leave this matter to you, I won't look for a second one, please hurry up and contact the market. ”

"Isn't it just about the end of the month? ”

Guan Yuntian has always been cautious in doing things, "President Liu, don't wait until the end of the month, it's better to set the funds a week in advance." ”

"Okay, I'm in charge of the money. How about a mid-day drink?"

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"No problem, but the two of us are not lively, bring your deputies with you, I haven't had a drink with them for a long time. ”

"With your amount of alcohol, none of us can compare. ”

......

Two weeks later, Kangjie detergents, Xinrui Pharmaceutical and Longchang building materials and other three companies successively quoted to Lao Ding, after getting the situation, Ding Xiangqian immediately reported to Guan Yuntian, "The quotations of the three companies are here, how do we choose? ”

"What do you think?" Guan Yuntian asked rhetorically.

"Kangjie company's quotation has not changed, it is said that the debt has been cleared, Xinrui Pharmaceutical wants to sell 60% of the original company's equity, the quotation is 650 million, Longchang building materials also transfer 60% of the original company's equity, the quotation is also 650000000000. Lao Ding stated.

"After Xinrui Pharmaceutical and Longchang Building Materials sold their shares, before Changda Group injected assets, how much equity did they each hold in the new company?"

"After the new company sells 60 percent of the shares, the new company will hold 26 percent of the shares, and after the reorganization of Longchang Building Materials, it will account for 32 percent of the shares. ”

"Selling the same equity, why does Longchang Building Materials have a higher share?"

"Because Longchang Building Materials accounted for as much as 80 percent of the shares in the original company, while Xinrui Pharmaceutical only had 65 percent. ”

Guan Yuntian thought about it for a while, "You reply to the three companies like this: for Xinrui Pharmaceutical, Changda Group's bid is 600 million, while Longchang Building Materials and Kangjie Company are both 500 million. ”

"Does this counteroffer mean that we have turned away Longchang Building Materials and Kangjie Company?"

"It can be understood in this way, because Longchang building materials after the restructuring also want to occupy a larger share, indicating that they care very much about the right to speak in the new company, if they can not meet their investment requirements for building materials expansion, it is likely to be in the board of directors contradictions, such an attempt, we still stay away from them as soon as possible; Xinrui Pharmaceutical also wants to maintain a certain right to speak in the new company, on the one hand, they account for a relatively small number of shares, in addition, even if they ask for investment in the pharmaceutical business, as long as they pass the argument, that the drug does have a market, it can naturally be supported, but I have no such confidence in Longchang's building materials products。 Guan Yuntian explained.

"What about Kangjie, are you still not at ease with their debts?"

"Yes, the creditor's rights and debts that have not been clarified for so many years will be dealt with in two weeks? I don't know what you think, anyway, I don't believe it. ”

According to Guan Yuntian's meaning, Lao Ding quickly replied to the three companies, as expected, Longchang Building Materials and Kangjie Company did not contact further, and everyone could see that Changda Group's bid was deliberately not wanting to deal with them.

Lao Ding received a call from Mr. Li of Xinrui Pharmaceutical Company, "Mr. Ding, we don't want much!

"Mr. Li, this is the result of the collective discussion of our board of directors, and I can't help it. ”

"Hey, everyone understands people, don't push it to the board of directors, so let's do it, we are also sincerely cooperating with you, you discuss it with Mr. Guan, 600 million is too low, see if you can add more?"

"This ----," Lao Ding hesitated, "I don't think it's better for you to negotiate directly with Mr. Guan." ”

Dialed Guan Yuntian's phone, and after reporting home, Lao Li said: "Mr. Guan, Xinrui Pharmaceutical cherishes the relationship with Changda Group very much

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Cooperation opportunities, I think we are all serious people, the two companies together, complement each other, will be able to do things well in the future. ”

"Hopefully, that's what corporate restructuring is all about. ”

"But Mr. Guan, your bid is also cut too hard, do you think you can add more bids?"

"Are you saying our bid? It was the result of a collective discussion in the boardroom, I can't say it myself!"

"Mr. Guan, you and I are both CEOs of the company, don't push it out, this price is indeed a bit low, so you have to add more." ”

Guan Yuntian also knows that the bid is low, but this is business, if he can pay a little less, no one wants to spend more, but he is not a profiteer after all, in the business field, as long as the other party shows enough sincerity, Guan Yuntian will always be generous to others.

After hesitating for a minute or two, Guan Yuntian said: "Mr. Li is right, we are all serious people, considering that we will cooperate in the new company in the future, I will first promise you to increase the bid of Changda Group by 20 million, that is, 620 million, not a single cent." ”

"6200 million----, if you want to say that you can't say more, then I won't say anything, just when we sold our equity cheaply. Lao Li was obviously a little unwilling.

"Mr. Li, I hope we will compare our hearts and stand in my position, you should understand my difficulties, that is, I promised to increase this by 20 million, and I don't know how to explain it to the board of directors. "What Guan Yuntian said is like the real thing.

At this point, Lao Li also had nothing to say, "Okay, then make a deal." ”

"May I ask Mr. Li, when can we carry out substantive restructuring work?"

"We need to set up a working group to connect with the organization of Changda Group, or in this way, let the relevant personnel of the two companies start to work from the day after tomorrow. ”

Although Xinrui Pharmaceutical Company is a suspended company on the stock market, it is a listed company after all, with perfect internal regulations, well-organized management, and regular and clear financial statements, which saves considerable workload for the handover of both parties.

After the funds were in place and the equity delivery was completed, the working group led by Lao Ding entered the Xinrui Pharmaceutical Company, and it only took two weeks to complete the internal handover procedures, and then filed with the regulatory authorities for review.

For the restructuring of ST companies on the stock market, as long as the new shareholders meet the conditions, the regulator has always supported and encouraged, because Changda Group has applied for a direct listing, and their conditions are not problematic, and the review is approved in a few working days.

After the reorganization, the board of directors is composed of nine members, and the seats are distributed according to the proportion of shareholdings, with Changda Group accounting for four seats, the original Xinrui company accounting for two seats, retail investors accounting for two seats, and independent directors one seat.

Guan Yuntian plans to send Ye Jiayi, Ding Xiangqian, Xu Jianmin and Xue Jianqing and other external executives to serve as directors of listed companies, according to the articles of association, the chairman of the new company should be sent by Changda Group, and he elected Ye Jiayi, general manager of the group company, to serve as the chairman of the listed company.

After the resumption of trading, the shares of Xinrui Pharmaceutical have risen sharply in the trading market for several consecutive trading days, and in a month, the stock price has risen from three yuan and five before the suspension to the current seventeen yuan.

Just when everyone was excited, Guan Yuntian poured a basin of cold water, "This is obviously a false prosperity, a rise without performance support, can it grow?"

(End of chapter)