My 1999

Lu Hui hesitated for a moment.

“First, we need to abolish the down products business, which is already in name only, and rent out the factory in Pinggu.

Second, move the company headquarters from Beijing to Xinjiang Province, where the factories and production areas of Tianyi Industrial, Tunhe Polyester, and Three-dimensional Cotton Spinning are all located here.

Moving the headquarters to Xinjiang Province will make it easier to manage its assets, and it will also be closer to the origin of raw materials. It can even enter the cotton spinning market in Central Asia.

Third, rectify Zhongyan’s management system, streamline personnel, cut off a series of unnecessary expenses, strengthen employee vocational and technical training, and build a performance-based career promotion system.

Fourth, all production operations of Zhongyan’s European subsidiary Hilltech will be abolished, leaving only R\u0026D and channels.

Reduce production costs as much as possible and increase company profits.

Fifth, continue to acquire cotton and linen companies in Europe and the United States to gain access to their markets and technologies.

Expand Zhongyan’s share of the global cotton and linen market. "

"Not bad." Xu Liang continued with a smile, "Why not just sell the factory in Pinggu, so that you can get a lot of operating funds?"

“I have seen Zhongyan’s information. Their factory in the center of Pinggu District covers an area of ​​238 acres.

Since its listing in 1996, its value has increased 4.8 times.

Delong Real Estate Company, a subsidiary of Delong International, plans to build a residential community here.

But it stalled for a time due to lack of funds.

Therefore, I plan to rent out this land for the time being and wait for the domestic real estate market to recover before choosing an opportunity to develop real estate. I will definitely earn more by then than simply selling the land. "

After being with Xu Liang for a long time, her horizons are very broadened.

Although it is a developing country, it can make the best use of its resources.

"Mr. Xu, I don't want to leave you to take up a position in Zhongyan."

"Who said I was going to let you go to Zhongyan?" Xu Liang asked with a smile.

"It's fine if you don't. You asked me about Zhongyan's opinion on how to deal with it. You want me to go to Zhongyan as the general manager." Lu Hui patted her chest and said fearfully.

"Haha. I have trained you for so many years, how could I get rid of you with just a Zhongyan?"

Xu Liang did not intend to hold Zhongyan for too long.

He also had little interest in the cotton spinning enterprise.

According to his plan, he would take over Zhongyan, strip off its debts, and then reorganize it. When the value of Zhongyan is reflected, he would sell it in two or three years.

"In a while, you can write down the rectification plan for Zhongyan that you just mentioned, form a document, and send it to Zhongyan's management for internal discussion.

Then let them write a development outline for Zhongyan in the next three years. I want to read it. "

"Okay, I'll do it right away."

"Wait. There's no rush to do this. It won't be too late to do it after we take down Delong.

I don't want to be used as a wedding dress for others. "

"OK."

After giving instructions, Xu Liang picked up Shancheng Industrial's information again and frowned.

"This is much more complicated than Zhongyan."

Shancheng Industrial was formed from the merger of Shancheng International Passenger Transport Company and Shancheng Yutong Highway Construction and Development Co., Ltd., and was listed on the Shenzhen Stock Exchange in 1997. "

The company's best asset is the 55% property rights in the section of National Highway 319 from Shancheng Xiquan to Tongliang.

This is a section of the highway from Shanghai to Chengdu that must pass through the mountain city, with a total investment of 94.1 million yuan.

Tolling was implemented in August 1997, with an annual return on investment of 18.4%. In 1998, the toll for this section was 7.65 million yuan.

Although Shancheng Industrial was not a wealthy man at that time, he was still a silly son of a landlord and had nothing to worry about.

But in 1998, this silly son was attracted by the big dog Delong.

A messy operation.

Shancheng Industrial has also become a subsidiary of Delong, the sixth and last listed company after Tunhe Group, Alloy Co., Ltd., Xianghuo Torch, Tianshan Co., Ltd. and Zhongyan.

According to Delong’s past integration strategy.

They all follow the principle of anchoring one main business, and then first make horizontal acquisitions to expand the scale, and then acquire similar foreign companies, move their production domestically to reduce costs, and use their management experience and technology to transform domestic enterprises.

Then, through the brands and channels accumulated by the other party over the years, we can gain access to foreign markets.

This style of play, in the domestic and foreign context around 2000, is not 100% successful, but in most cases it is a good way to develop industry.

However, this method looks simple, but it is not easy to learn.

First, you must first have abundant capital.

Second, you must have some experience in international mergers and acquisitions. Otherwise, let alone a successful acquisition, it would be a good thing if you don't get tricked.

Third, you must have experience integrating and developing foreign companies and be familiar with foreign markets.

Ninety-nine percent of domestic companies fail to meet these three requirements.

But.

Deron played very well.

This is really a skill.

After acquiring Shancheng Industrial, in view of the current situation that its main business was not outstanding, Delong naturally started to rectify it according to the previous routine.

First, the miscellaneous businesses of Shancheng Industrial were sold to its affiliated companies.

Then the hydropower industry was designated for her.

The first step was to form a joint venture with Chenzhou Shanhe Industrial Group to establish the ‘Southern Water’ Company. Shancheng Industrial held 80% of the shares. Then, with Southern Water as the main body, it spent 63 million to acquire the Shanhe Water Plant under the Shanhe Group.

Southern Water has also become a platform for Shancheng Industrial to expand externally in the water supply industry.

Like other companies in Delong, they will plan a grand plan that makes people excited.

Whether the plan can be realized or not is not important, the most important thing is whether it can increase the stock price.

Cow, you must blow it out first.

Therefore, Southern Water Affairs solemnly announced that it will reach a daily water supply capacity of more than 1.5 million tons within three years and become a cross-regional and nationwide water company.

Unfortunately, until now, the daily water supply under Southern Water Affairs has only reached 300,000 tons, and even the districts and counties under Chenzhou have not been covered.

After establishing Southern Water, Delong also established its own hydropower operation platform ‘Deneng Hydropower’ under Shancheng Industrial.

In June 2003, Deneng Hydropower invested 59.5 million yuan to acquire the remaining fixed assets of Yongxing Level 1 Power Station. After the acquisition was completed, Deneng Hydropower Company owned the complete Yongxing Level 1 Power Station.

Yongxing Level 1 Power Station has a capacity of 2×15,000 KW and an average annual power generation of 128 million KWH. It is a small but typical small hydropower station.

The expansion direction of Deneng Hydropower is small hydropower of about 20,000 KW.

It has developed better than Southern Water. Currently, there are three small hydropower stations in Sichuan Province, Nanhu and other places, with a total installed capacity of 80,000 KW.

But that's not what really interested Xu Liang.

"Delong has also discussed investment with China Three Gorges Corporation?"

Lu Hui nodded, "After the Three Gorges restructuring plan was approved by the higher authorities in August 2002, Delong's people were actively in contact with the other party, and the two sides had in-depth discussions.

However, as Delong's business fell into trouble, the negotiations were terminated.

Moreover, the joint-stock reform of the Three Gorges Project has been put on hold and there has been no movement. "

After Xu Liang thought for a while, "Send a document in your name, Hanhua, saying that we are happy to participate in the equity reorganization of Three Gorges and are willing to provide help. Let's see how the other party responds."

"OK."

Xu Liang read through the remaining information, mainly introducing other companies under Shancheng Industrial.

Including Jingcheng Ruisikangda Technology, which focuses on the development of Ethernet technology.

Yangzhou Yishite Technology mainly produces batteries, circuit boards, hardware and electrical appliances.

Qilu Ethylene Chemical, Shengli Oilfield Zhongsheng Environmental Protection, etc.

Although the scale is not large and the profits are not huge, at least they are profitable.

However, Delong's arrogant operation of mortgage guarantees and bank loans left Shancheng Industrial with a debt of nearly 1 billion Chinese dollars.

Simply outrageous.

Entire companies were gutted.

"Tell Xia Changsheng that after the debts of Shancheng Industrial are divested and the finances are re-planned, everything will be sold. Don't delay too long."

Even Deneng Hydropower, the most valuable company, has less than 500 million Chinese dollars in total assets.

He had no intention of wasting time and energy on a small and medium-sized enterprise of this size, as the rate of return was too low.

And he has little interest in small hydropower.

Delong owns many high-quality assets, but they do not include Shancheng Industrial.

"Mr. Xu, today is the third day. How do you respond from Jia'an Asset Management and Yinji Asset Management?"

"If you refuse, please speak politely."

"OK."

——

Sha Zhenggang put down the phone in his hand and looked ugly.

"Old Zhao, as expected, you have told me everything. Xu has no intention of cooperating with us at all."

Zhao Guodong shook the red wine glass in his hand, "Gangzi, this 1998 Lafite tastes really good. If you don't believe me, try it."

"Taste the fart. My young master Zhao, when will you still be thinking about drinking?"

"Haha, don't worry.

Delong's game of chess has just begun, and he still doesn't know who will win, so why ruin his mood. "

Zhao Guodong took a sip of red wine and smiled.

"I am impatient, but you, Zhao Shen, can't hold my temper as well." Sha Zhenggang said dissatisfied.

"Don't be impatient, and we shouldn't need to wait too long."

As soon as he finished speaking, the phone in his pocket rang.

Zhao Guodong took it out slowly, looked at the caller ID and pressed the answer button.

"Brother, is it me? The man named Tang ran away."

Zhao Guodong's face darkened, "What's going on?"

"Liu Laosi took people to arrest people in the magic city, but when they got there, they found out that the man named Tang had left the country two days ago. Only Tang Wanli is still in the country. How about we arrest him?"

"No, Tang Wanli is not involved in the specific management of the Delong Group. The reasons we are looking for cannot affect him. Moreover, this old guy has been in the capital for many years and has deep connections.

We arrested him, but we couldn't produce any evidence, so what was reasonable would become unreasonable. "

"What should we do? Tang Lao Er, Tang Lao Si and Tang Wanxin have all run away. We can't leave empty-handed, right?"

After Zhao Guodong thought for a while, "You tell Liu Laosi to arrest all the main executives of Delong International. These guys have dirty butts. It is reasonable and legal to arrest them."

"I'll call Liu Laosi right away. Don't let these guys run away."

"Remember, Liu Laosi must nail the evidence."

"I know, don't worry."