Since entering the real estate industry, contact with the outside world is more frequent, everywhere, as long as the parent company of Changda Real Estate is mentioned, Changda Group, the other party will be impressed by Changda Real Estate Company, in the eyes of many real estate peers, there can be a strong entity manufacturing industry to do the back-end, Changda Real Estate Company's corporate heritage is naturally very different.

Through this incident, Guan Yuntian further realized the importance of the physical manufacturing industry, and those views on the transformation of enterprises from real to virtual seem too one-sided in Guan Yuntian's view.

The auto parts project can be combined with the pillar industries determined by the state, such an opportunity is hard to find, and it must be implemented as soon as possible, how can it be delayed?

Guan Yuntian asked Ye Jiayi not to worry too much and proceeded completely as planned.

For the financial problem that is about to be stretched, Guan Yuntian decided to take two measures: first, he told Lao Ding, the chief financial officer of the group company, to step up the collection of various accounts receivable, and second, negotiate with financial institutions to launch a financing plan with an amount of more than one billion.

When Guan Yuntian informed his friends in the financial circle of his financing plan, President Sun of the Rural Commercial Bank wondered: "Changda Group has a ready-made financing platform, and the fertilizer does not flow into the fields of outsiders, so how can it be used to finance us?"

"Governor Sun didn't know that Changda Guarantee Company could indeed raise funds, but it was only a private financing platform whose strength could not be compared with regular banks, and the financing plan of more than one billion yuan was put there, and the platform had to collapse. In addition, Changda Guarantee Company has normal business dealings, and suddenly joining such a huge amount of financing plan will inevitably disrupt the platform's work plan. Guan Yuntian explained.

"But Mr. Guan, your financing plan of more than one billion yuan is also under a lot of pressure for me to put it in the Rural Commercial Bank!"

Originally, they were all buddies with a good relationship, because Guan Yuntian hired a retired vice president of the Rural Commercial Bank to be the director of Changda Guarantee Company, which made the cautious old grandson a little worried, but Guan Yuntian pretended not to know.

In Guan Yuntian's view, who does the Changda Group use and does not use whom, does it still need to be approved by your grandson? Whether it is the former credit cooperatives or the current rural commercial banks, they have given a lot of support to the Changda Group, Guan Yuntian knows it in his heart, and he is also very grateful to the old grandson.

However, over the years, whether it is a fixed deposit or an account opening account, the contribution of Changda Group to Lao Sun and its credit cooperatives and rural commercial banks is also obvious to all.

Therefore, whenever Changda Group has a large amount of financing plan, Guan Yuntian has to find Lao Sun, although he can find a reason for being unhappy every time, he finally agrees.

Seeing Lao Sun's hesitation, Guan Yuntian said: "President Sun, don't worry, I can't completely put such a large financing plan here for you, ICBC, ABC, ABC, and friends from CCB and City Commercial Bank, I have to take care of it." ”

Of course, Lao Sun knew that the person sitting opposite him was the boss of the largest private enterprise in the city, and he wanted to make a face in front of Guan Yuntian, which did not work at all, and Lao Sun could not even agree to the financing application of Changda Group, but then, maybe in a few days, Changda Group's deposits in the Rural Commercial Bank would be moved, and the account would be moved.

Thinking of this, Lao Sun said: "Mr. Guan has always thought about things, and all friends should be taken care of, but how much do you plan to put in us?"

"I wanted to put a little more here, to see that you have a difficult face, but I still don't embarrass you, two hundred million, no

That's a lot, right?" Guan Yuntian teased.

"No more, no less, when to use the funds, say hello in advance. ”

In fact, even if Lao Sun agrees to be happy, Guan Yuntian will not raise too much financing from him, because the interest rate of local banks is generally higher than that of large state-owned commercial banks, even if he doesn't care about the strength of the bank, only from the cost of financing, it is not suitable for him to raise a large amount of money here. But if you really don't put a loan here, Lao Sun will still be more concerned when he knows about it.

Friends of several other financial institutions are much happier than the old grandson of the Rural Commercial Bank, and even the top leaders of the City Commercial Bank and the China Construction Bank, who have not met Guan Yuntian many times, heard that Changda Group was financing because of the new project, so they didn't say a word, and directly asked about the amount of financing and the time of use.

For the vast majority of financial institutions, their source of profit is mainly to earn interest margins, in the process of business development, of course, risk control is the first priority, but in the face of such a reputable large enterprise as Changda Group, and Guan Yuntian such a calm and reliable boss, which financial institution does not treat him as the God of Wealth?

Let's take a look at the two projects financed by Changda Group, real estate and auto parts manufacturing, both of which belong to the new economy, and are the pillar industries determined by the state to support the development of the whole social economy in the next few years.

After the end of the matter, Guan Yuntian talked about it with Lao Ding, the chief financial officer, and Lao Ding said: "In fact, if the scale of the enterprise is large and the industries involved are more, the financing channels should be broadened and should not be limited to financial institutions." ”

This topic was also mentioned a few years ago, but no one mentioned it again after that, and then it was not over, and I heard Lao Ding mention it again, which aroused Guan Yuntian's interest, "It is time to broaden financing channels, but there is one thing I have not been very clear, there are several well-known companies in the country, why don't you choose to go public?"

Yes, they do have some fame, but whether they are listed or not is not necessarily related to the fame of the enterprise, and the products produced and operated by some enterprises are closely related to people's daily life, and a lot of advertisements have been placed in various media, and the fame of the enterprise is naturally great, but such a company does not necessarily want to be listed, maybe it does not meet the listing conditions. ”

"Maybe people have never been short of funds, no matter what they do, they don't need to go public to raise funds. "Guan Yuntian said.

"It can only be said that there is such a possibility, but an enterprise that has reached a certain scale, no one dares to say that it has never lacked funds, but has solved the problem from other channels, just like Changda Group, if it is not for two new projects with huge investment at the same time, we do not need financing! However, there are many benefits to going public. "Lao Ding has always advocated going public.

"Those companies that do not want to go public, in addition to not needing financing, may also have a possibility, that is, the controlling stake and management of the company do not want to leave outsiders behind, to put it simply, they do not want outsiders to interfere in the internal affairs of the enterprise. ”

"This is very likely, but such a family business does not look at him for a while, once there is a change in the helm, there are one or two major decision-making mistakes, the company will be like the Titanic, it is easy to run into the reef and sink, and it will not be passed on at all. As long as the foundation created by our ancestors can be inherited, even if the family shares are diluted, the descendants will not be impoverished!"

Lao Ding's point of view coincides with Guan Yuntian,

Guan Yuntian has always wanted to be a century-old enterprise that can be passed on, so he tries to absorb foreign wisdom as much as possible to avoid indiscriminate involvement of family insiders in the management. In addition to himself, the important management positions of the entire Changda Group are all managers recruited from outside, in order to motivate the executives, Guan Yuntian realized the shareholding system transformation of the enterprise a few years ago, and gave 49% of the shares (dry shares) to the executives, the composition of the company's board of directors, in addition to the chairman Guan Yuntian, the rest of the board members are outsiders.

Lao Ding is to see that the current Changda Group has a joint-stock enterprise prototype, although there is still a gap from the conditions required by the listed company, but the shareholding framework of Changda Group has been basically formed, if the board of directors agrees to carry out listing packaging, the next specification is relatively easy.

Because Lao Ding served as the financial director of a large state-owned enterprise in the past, he had planned the listing packaging for that company, and was familiar with the conditions and preparations for the company's listing, as well as the general process.

First of all, Changda Group is already a joint-stock enterprise, although it is not standardized, but the framework is there, and the rest only needs to be improved.

Secondly, after the transfer of the cord cloth project, the current Changda Group only has three sectors, such as tire manufacturing, oil refining and petrochemical refining and coal-fired power generation, and its main business is relatively prominent, which is very in line with the requirements of listed companies.

Third, the company's property rights are very clear, and there is no related party transaction, which is a flaw for many enterprises, but Changda Group can withstand any test in this regard.

Fourth, after stripping off the cord fabric project, the profits of the remaining three major industrial sectors are good, the overall profitability of the enterprise has increased sharply, and the annual output value exceeds 35 billion, and the economic indicators are more than enough.

Fifth, the management of enterprises is relatively standardized, and the financial system currently in operation is transparent, which is not far from the requirements of listed companies.

Sixth, and most importantly, the quality of the entire management is high, and Chairman Guan Yuntian has the desire and determination to further strengthen corporate governance.

After listening to Lao Ding's analysis, Guan Yuntian felt that his words were reasonable, and promised to consider this issue immediately, but he warned Lao Ding that the listing of the company was an unprecedented event and must be fully discussed by the board of directors.

According to Guan Yuntian's understanding of listed companies, he knew that Lao Ding's analysis deliberately omitted one point, that is, the equity of all shareholders must be clear.

Specifically, now Guan Yuntian ostensibly holds 51% of the shares of Changda Group, and the remaining 49 are given to the executives of the board of directors, but the members of the board of directors only get dry shares, which are only used for the company's year-end dividends, in fact, 100% of the actual equity of Changda Group is still in Guan Yuntian's hands.

In order for Changda Group to be listed, this problem must be solved first, because the concept of dry shares cannot exist in the equity structure of listed companies.

To solve this problem, it is necessary to once again touch the interests of all shareholders, including Guan Yuntian himself, so he told Lao Ding that this matter needs to be considered and the board of directors can be convened for discussion after a while.

In fact, no matter how the equity changes, Guan Yuntian gives any proportion of shares to the executives, which means that he has to come up with real money, because there are no dry shares in listed companies, they are all real shares, if Changda Group really wants to consider listing, Guan Yuntian will once again face how to choose the distribution of benefits.

If this problem is solved, it will play a great role in promoting the development of Changda Group, and if it is not handled well, it may bring unexpected negative impacts.

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