My 1999
Chapter 748 Plan A and Plan B
"Brother Tang, brother Wanli, happy New Year."
Xu Liang greeted him with a smile.
Seeing his enthusiastic attitude, the Tang brothers couldn't help but feel relieved.
"Brother Xu, happy New Year. I haven't seen you for half a year, and you are becoming more and more charming." Tang Wanxin said with a smile.
"Thank you, thank you. Please sit down, both of you."
"please."
After the three of them sat down, Lu Hui served tea.
Just took a few sips.
Tang Wanxin is not verbose either.
"I guess Brother Xu has also heard some news about our Delong recently, right?"
"I heard some things, especially the Li Xueqin incident, which was too big."
Tang Wanli's face darkened, this had become a problem for him.
After coughing, Tang Wanxin continued.
"What happened to Lao Li is indeed our fault. Delong will try his best to compensate."
"Brother Tang, it's only a matter of 70 million. Can't you just give it to him? Now that the commotion is so big, it will have a huge impact on Delong's goodwill." Xu Liang said.
Tang Wanxin smiled bitterly and said: "We also want to give it, but Delong really can't come up with the money."
"How could it be? Last time, you, Brother Tang, made 500 million from me."
“Although I made a lot of money, I lost even more.”
There was a pause.
"Brother Xu, I'm telling you the truth.
My eldest brother and I have the audacity to come to the capital to see you this time because we want to ask for your help.
If you don't take action, brother, I really have no choice but to go bankrupt. "
Seeing the miserable Tang Wanxin with mixed feelings, Xu Liang felt somewhat sympathetic.
"Don't worry, Brother Tang. As long as I can help, I will definitely help."
"Brother, as long as you say this, no matter what the final result is, not only me, but all of us in the Tang family will appreciate your love."
"My words are true. However, Delong has huge assets and complex internal affairs.
If you want my help, you guys must have a plan, right? "
"There are really two options at the moment."
Tang Wanxin took out two documents and handed them over.
"This is our internally discussed plan, brother, please take a look."
Xu Liang took it and looked at it carefully.
Plan A.
For some institutions with small related debts, they will quickly transfer equity according to market prices, use liquidated funds, and combine various debt restructuring methods such as real estate restructuring, debt-for-equity swaps, and asset realization to repay debts.
For some institutions with large related debts, we will transfer equity at a price lower than the market price and introduce new strategic investors.
On the one hand, the proceeds from the transfer of equity are used to repay part of the debt.
On the other hand, with the participation of powerful new shareholders, various financial institutions can restore their credibility, operate normally, and restore and enhance corporate value as soon as possible.
The assets available for liquidation are:
1. Delong Company holds 50 million shares of ZZ City Commercial Bank.
2. Delong holds 45 million shares of Changsha Commercial Bank.
3. Delong holds 150 million yuan in debt from the listed company Soft.
4. Delong Company holds 205.2 million shares of the listed company Xiang Torch.
5. The equity of Zhongfu Securities held by Delong Company.
These five assets can withdraw 900 million yuan.
In addition, the debt of 5 billion Huaxia coins from institutional customers will be handled in three ways.
First, for most customers, compensation through real estate restructuring is expected to solve 700 million Huaxia coins.
Second, for large customers with debts of more than 1 million, they can be fully settled with debts from various markets. This method can solve debts of 3.5 billion Chinese dollars.
Third, for small and medium-sized customers, Delong Company will liquidate its assets.
In summary, Plan A is to sell Delong in a piecemeal manner to pay off debts.
What's left in the end doesn't matter.
Plan B.
The entire Delong Group was packaged and sold, the family's equity was reduced, and an additional investment of 30 billion Chinese dollars was added, of which Chinese enterprises and foreign investors accounted for half each. Delong changed from a private enterprise to a state-owned enterprise accounting for 30%, and foreign investment accounted for 30%. It is a modern enterprise with 30% private ownership and 10% Delong management.
After adding 30 billion yuan in capital, Delong's debt level has dropped from the current 60% to 70% to about 10%.
After debt levels come down.
The hundreds of companies and dozens of industries involved in Delong will be divided into financial sectors, industrial sectors and new projects (such as infrastructure construction).
Build a firewall between industry and finance.
Each sector can attract its own international strategic investors.
It forms a so-called ‘financial industrial group with Chinese characteristics’, which can be compared to GE.
In terms of industry, the state-owned Heavy Industry Group maintains control and develops projects such as regional aircraft, rail transit, ships, and heavy-duty vehicles.
In terms of finance, local state-owned enterprises occupy a larger shareholding. Many of Delong's original insurance, securities, and financial institutions can be merged and then sold, or secondary companies can be established.
The newly invested infrastructure construction projects will include highways, bridges, natural gas, etc., as the group's new development direction.
Plan B can be summarized as selling the whole thing.
After Xu Liang read it, he thought for a moment and put the two plans aside.
"The foreign capital in Brother Tang's Plan B won't be Hanhua, right?"
Hanhua's global headquarters is located in Xiangjiang. From this aspect, it is indeed a foreign investment.
"Brother Xu is really smart, that's right."
"Brothers, do you want to listen to my idea?" Xu Liang said with a smile.
After Tang Wanli and Tang Wanxin looked at each other, the former, who had been silent until now, spoke.
"Brother Xu, please speak."
"It's actually very simple. Hanhua and Hongyan will acquire all the assets of Delong Group as a whole with 0 cash and assuming all debts." Xu Liang said with a smile.
Tang Wanxin's heart thumped, and a surge of anger surged into his heart.
"Brother Xu, I treat you as a friend, but you actually add insult to injury!"
Looking at Tang Wanxin with an ugly expression, Xu Liang smiled.
"Brother Tang, you know very well whether I am adding insult to injury. The financial part of Delong Group is 34 billion Chinese dollars, the industrial part is 23 billion Chinese dollars, and the total debt is 57 billion Chinese dollars.
No one or other organization can help you except me.
Because Delong Group has long been insolvent.
If it weren't for our previous friendship, I could have bid for Delong's assets at a low price after you went bankrupt.
At that time, I only need to spend one-fifth of the money, or even less, to get the assets I want. "
Tang Wanxin's angry expression instantly froze on his face.
There was a hint of shock in his eyes.
He was shocked that Xu Liang actually knew all about Delong's internal debts? !
This is an absolute secret, even his eldest brother doesn't know.
"You...how could you...?"
After reacting, Tang Wanxin quickly shut up, but he had already admitted Xu Liang's conclusion in disguise.
Tang Wanli frowned, pursed his lips, and finally endured it.
"Brother Tang, you and Brother Wanli are both smart people. Delong's debt hole is so big, it's impossible for the higher ups to turn a blind eye.
If you sell Delong to me, I can cover all of Delong's debts, and the matter will be settled satisfactorily, and the higher-ups will not pursue you.
But if you continue to resist.
If nothing else goes wrong, the next process will be divided into four steps.
The cabinet decided to arrest people in patrol houses, collect loans from the central bank, and administratively close Delong.
This is true for both Hops and Zhongke Group.
There are only two outcomes waiting for Brother Tang, either go to Tilanqiao to live out his old life, or go into exile abroad. "
Tang Wanxin turned blue, "Brother Xu, are you being too alarmist?"
"We are all smart people. Brother Tang can make his own judgment on whether I am being alarmist or not."
There was a pause.
"Okay, that's all I've said. You two go back and discuss it. I'll give you three days. If you agree after three days, we will continue talking.
If you don't agree, just call and let us know. "
Tang Wanxin stood up slowly with a tense face.
"By the way, the money invested by the Tang family in Hanhua has increased by 1.76 times. The principal + profit of 27.84 million US dollars will be transferred to your account in Hanhua in three days. You can check it yourself.
With this money, whether you plan to make a comeback or move abroad, you will have enough capital. "
In 2001, Xu Liang acquired Sanwei Mining Company from Tang Wanxin, and the Tang family also invested US$10 million in Qinglong No. 2 Fund.
In two and a half years, Hanhua Qinglong No. 2 Fund has nearly quadrupled.
Follow Hanhua's rules.
When the average annual increase exceeds 100%, Hanhua and GP share an equal share.
Therefore, the money distributed to the Tang family became 27.84 million. After deducting the principal, the net profit was 17.84 million, and it was after tax.
After Tang Wanxin took a deep look at him, he said solemnly: "Brother Xu, thank you very much."
Tang Wanli also said 'thank you'.
Xu Liang was willing to give them money at this most critical moment of life and death, so he knew that the other party was not the one who added insult to injury.
"You two walk slowly."
After watching them leave.
"Mr. Xu, do you think they will agree?"
"meeting."
"But looking at Tang Wanxin's attitude just now, it doesn't look like he can agree." Lu Hui said.
"When the knife was at his neck, he had no choice."
——
Thick curtains blocked out the night.
The originally bright lights became dimmed under layers of light cyan smoke.
Just like the depressing atmosphere in the room, it was uncomfortable.
"Lao Wu, Delong's debt really reaches 57 billion?"
Tang Wanchuan, who was wearing a plaid T-shirt, couldn't help but ask.
Thousands of miles of plains are new.
This is the naming order of the five brothers and sisters of the Tang family.
Wanli, Wanhua, Wanping, Wanchuan, Wanxin.
Tang Wanxin is the youngest.
Except for Tang Wanhua, the "second sister" who is an ophthalmologist at Beijing Friendship Hospital, basically all the men in the Tang family hold positions in Delong.
But the person who is really in charge of Delong is Tang Wanxin.
He is the soul and the helmsman of the giant ship Delong.
Looking at the concerned eyes of the three brothers, Tang Wanxin nodded with a heavy heart.
Seeing this, Tang Wanping couldn't sit still.
"Lao Wu, what do you do for food? Why did you lose so much money?"
"Lao Wu, when we usually ask you, you pat your chest and tell us that everything is fine in the company.
What's going on now?
57 billion!
This is 57 billion, not 5.7 billion. How can we fill such a big hole?
How do you want us to make up for it? ! Tang Wanchuan said sharply.
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