Wuliang Advertiser

The news comes from Zhang Yupu, chairman of Shaanxi Gas, "Shaanxi Yanchang Petroleum Co., Ltd. has decided to invest 600 million yuan in the construction of a new production line in Shaanxi Gas Group."

The state-owned assets of Shaanxi Province must be behind Yanchang Petroleum. Wu Liang was a little annoyed by their choice of this time.

According to his previous verbal agreement with Zhang Yupu, Wu Liang will keep the investment in Jinghe Industrial Park unchanged, so that he can first guarantee his controlling rights.

Otherwise, Zhang Yupu would not rush from Guanzhong to Pengcheng to meet Wu Liang, just to ask for an argument!

The 800 million yuan promised by Wu Liang is actually the project of the Shaanxi Qijing River Industrial Park. The total investment of the project is 1.68 billion yuan, which is about 840 million yuan for each of the equity parties.

However, the project is divided into two phases, with an investment of 500 million in the first phase. The original Xianghuo giant has invested 100 million in the project's preliminary planning and industrial land and other related expenses. Seeing that the industrial park is about to start construction, the remaining part of the funds in this phase will also be required. The time node is in place.

The six hundred million that Shaanxi said in his mouth is obviously a point!

Wu Liang asked directly, "Is this 600 million a phase of funds?"

Zhang Yupu replied simply, "The progress of the project is too slow, and the province believes that the progress should be accelerated, and an additional 600 million will be added in the first phase!"

Wu Liang was a little silent. The heavy truck market in 2004 was not good. However, Shaanxi Heavy Duty Trucks has grown against the trend and the old production line capacity is limited. The provincial state-owned assets behind the second shareholders of Shaanxi Heavy Duty Co. want to solve the current problems. It can also be said that in the past, the first and second phases of the Jinghe Industrial Park were carried out together. The sooner the industrial park project is completed, the faster the benefits will be created.

However, Wu Liang always felt that there was something unusual in it.

Sure enough, another news from Zhang Yupu completely shattered Wu Liang’s fluke. “Yanchang Petroleum also decided to invest 200 million yuan in Shaanxi Gas, and then Shaanxi Gas switched to Fast for the construction of a 12-speed gearbox. Production base."

Wu Liang instantly understood that this was the anti-acquisition strategy of Shaanxi's state-owned assets.

Why did you choose this time? Naturally, Wu Liang acquired Xianghuoju and threw out 1.8 billion. The state-owned assets of Shaanxi Province did not think Wu Liang had the ability to add nearly one billion.

If Wu Liang does not follow the trend, Shaanxi Luqi Group will naturally adjust its shareholding ratio. If Wu Liang follows, Shanzhong Luqi and Fast will not lose money. The benefits of the two new projects are absolutely absolute according to Zhang Yupu’s introduction. It is the future development direction of Tianchao's heavy truck industry, and the profit is expected.

Speaking of this, Wu Liang once wanted to give up the controlling rights in these two companies and just be a major shareholder with peace of mind.

However, such humiliation was something Wu Liang could not bear. He had just acquired Xianghuoju, and there was a thunder on the ground. The controlling shareholder of Shaanxi Heavy Industry actually did not invest in the new project, which made investors think that Wu Liang was empty. After the acquisition of Xianghuoju, the funds also bottomed out, which was not optimistic about the stocks of the listed company, which undermined investor confidence, and the stock price plummeted.

Losing money is not terrible. The most terrifying thing is that you know the other party’s intentions and you are powerless and go crazy. This kind of emotion out of your control spreads again. Wu Liang feels that his whole person is not good. He sneered, "Zhang Dong, What do you mean, I can't afford this eight billion?"

Zhang Yupu was a little silent when he heard the words. From the bottom of his heart, he was a little bit disgusted with the state-owned assets of Shaanxi Province. However, it is understandable that everyone is their own masters. They just chose to do this abruptly during this period of time. Think about it in another way, Wu Liang's heart It's strange to feel good.

From his personal heart, he would rather let Wu Liang control Shan Zhongrui Qi, he has his own judgment.

Shaanxi Zhongluoqi is the holding subsidiary of Xianghuoju, and Xianghuo is the holding subsidiary of Wu Yinliangpin. This is equivalent to the continuation of the Delong system's control of its industries. The advantage of this model is that the holding company only needs A small amount of capital can be used to complete the holding.

For example, A absolutely controls B with 51% equity, and B absolutely controls C with 51% equity. Assuming that the total equity of BC is 100 yuan, A spent 51 yuan when controlling B, and only spent when controlling C 26 yuan, if A does not pass B and wants to have absolute control of C, it still needs to spend 51 yuan. In the comparison of the two methods, setting up a company in multiple levels can control more companies with less funds and more levels , The less funds are needed.

But the problem is also coming. C wants to reverse the acquisition. A can only increase capital through B or A directly increase capital C. That can only be similar to the practice of Shaanxi Gas, introducing shareholders such as Yanchang Petroleum to carry out through reinvestment. .

It seems that the effect is the same, but it is not.

The purpose of multi-level establishment of a company is to maximize the use of funds. A can increase capital through B and C, which can be achieved through private placement or financing.

Putting it on Xianghuo giant, then it is to raise 800 million yuan, and at most 400 million can complete the investment in Shaanxi gas 800 million. Even if the other shareholders of Xianghuo giant do not want to invest, Wu Liang can forcefully promote it as a major shareholder , Is nothing more than an increase in shares.

Well, Wu Liang holds 51% of Xianghuo Giant, and adding more shares can not be said to be useless, but it's not like having money.

Originally, Wu Liang raised 800 million yuan of funds, and Wu Liang paid 400 million yuan to achieve more holdings in Shaanxi Qi, and even the shareholding ratio could increase to 60% or more. Now, such an opportunity suddenly becomes Is it strange that Wu Liang is in a good mood?

Zhang Yupu and Wu Liang have conducted in-depth communication. Only from the national three technical route dispute, he can see that this man has a very clear view of the future of enterprise development. After he returned to Shaanxi, he also negotiated Engine companies such as Cummins in China have discussed that the technical route is not bad from what Wu Liang said.

The most commendable thing is that Zhang Yupu's dream of the new production line, Wu Liang agreed without hesitation, instead of asking grandpa to tell grandma to try to convince these two major shareholders.

In many cases, the flexibility of the private decision-making mechanism is reflected in this point. He can talk to Wu Liang in one sentence, and he may not be able to decide on the state-owned assets of Shaanxi Province for a year.

From the bottom of my heart, he is willing to support such a good boss, ask for money, have a strong ability to control the situation, and support him greatly, far less restrictive than the state-owned assets of Shaanxi Province. He is the chairman elected by Shaanxi Province, representing the attitude of Shaanxi Province's state-owned assets, but this does not conceal his favor with Wu Liang.

Thinking of this, Zhang Yupu was really silent. In the end, he regarded the new production lines of Shaanxiqi and Shaanxi as anti-acquisition measures. He was able to notify Wu Liang in time, and it seemed that he could only do this.

The two were silent for nearly a minute through the phone. Wu Liang finally sighed quietly, "When will the board of directors be held?"

"Three days later!"

Wu Liang smiled and said thank you for hanging up, and said with emotion to Liu Nanfeng, "I'm afraid this is just the beginning!"

Xia Qianjun asked in a puzzled way, "Old Wu, you said that you are a safe and stable major shareholder, and it's not good for you to enjoy your life? You have to plunge into the machinery manufacturing industry. Are you tired?"

Wu Liangbai glanced at him, "I can't do anything about buying stocks and becoming shareholders! Then I will become chairman by accident."

Xia Qianjun asked, "Do you have a good way?"

Wu Liang laughed, "It's not enough to find a few hundred million more funds, it's simple."

Liu Nanfeng was a little worried, "The capital chain is a bit strained, if you don't want to make an exception."

The exception she said refers to the money from the charity fund. According to Wu Liang’s expectations, he mainly invests this money in the stock market and uses the money to generate money to ensure the long-term operation of the fund, and the investment is also to choose those White horse stocks with high dividends.

Compared with those white horse stocks, Shaanzhong Luqi is still inferior. After all, it is not listed and it is troublesome to cash out.

In addition, he was unwilling to embezzle the money on Shan Zhong's qi, and he was also worried that once the opening was opened, it would be the biggest original sin that he could not control it in the future.

As a last resort, Wu Liang wouldn't think about these things at all without hurting the fundamentals.

So, Wu Liang's current method of raising funds is nothing more than Xianghuo's additional stock issuance, private placements continue to raise funds, and share pledges are options.

Among these roads, the situation of Xianghuo's additional issuance is unclear. The reason is the impact of Delong's capital chain break on Xianghuo. The transfer of creditor rights has finally been completed, and a new round of money collection will be carried out immediately. Investors have resisted. This is a high probability event.

Private equity is also facing some problems. As the real estate industry is unanimously optimistic, it seems that the 20% guaranteed return is becoming more and more difficult to attract everyone’s attention. In addition, a new round of the stock market advocated by various bricks In the big bull market, the direction of capital flow is these two reservoirs, or jump between these two pools.

Now it seems that there is only one way to go by pledge of shares?