My Fintech Empire

At the same time, this morning, Hua Yu personally visited the door, and at the moment he was meeting and talking with the leaders of the local state-owned assets office in Xincheng.

In the reception room, the leader of the Xincheng State-owned Assets Management Office looked at Hua Yu and said unhurriedly: "The original Hengtong Pharmaceutical Group, now it should be called Ruihe Pharmaceutical Group. This company is one of the largest companies in my new city, and it is not easy to grow up."

The leader withdrew his gaze and sighed, and after a while he turned to Huayu and said firmly: "This company cannot be allowed to fall, and it should and must be distinguished from Wang Qingxiong from Ruihe Pharmaceutical Group. Naturally, Wang Qingxiong It is determined by the law, but Ruihe Pharmaceutical Group should do everything possible to help Ruihe Group get out of the current predicament as soon as possible."

Huayu nodded again and again: "The leader really hits the nail on the head, and the turmoil is a catastrophe for Ruihe Group, but I believe that under the guidance and care of you and the relevant parties, we will be able to be reborn quickly. We must resolutely clean up the residual poison of the Wang Qingxiong incident, let Ruihe Pharmaceutical Group usher in a rebirth, and re-assume its due social responsibilities and responsibilities.”

The two sides talked again for about ten minutes, and Huayu also said goodbye and left.

The trip was quite smooth. Ruihe Pharmaceutical Group successfully introduced local state-owned assets in Xincheng. Qunxing Capital discounted the overall valuation of Ruihe Pharmaceutical Group to 4.5 billion yuan, and transferred 19.98% of the equity to Xincheng Local State-owned Assets , the 19.98% stake is priced at 899.1 million yuan.

The current reasonable valuation of Ruihe Pharmaceutical Group should be 13.5 billion yuan. That is to say, Qunxing Capital transferred 2.7 billion worth of equity to Xincheng local state-owned assets for less than 900 million yuan, which is equivalent to a loss of 1.8 billion yuan or The local state-owned assets in Xincheng took over and made 1.8 billion in place.

But did the stars lose? On the surface, it is definitely not a loss in fact!

The introduction of local state-owned assets in Xincheng is a very crucial part for Ruihe Pharmaceutical Group to get out of the predicament and regain the trust of the society. This is equivalent to having public endorsement. Has been of great help.

Otherwise, it will be very difficult to quickly revitalize the funds and get out of the predicament by yourself. If you spend 1.8 billion in it, you may not be able to get it out.

Equity is not a thing that can be held as many as possible. It takes wisdom to make the cake bigger, and how to divide the cake requires wisdom.

Wang Qingxiong has the ability to make the cake bigger, but he stumbled at the level of dividing the cake. After this stumble, he never had a chance to stand up again.

However, the introduction of state-owned assets does not mean the direct transfer of 19.98% of the equity in the past, and it is still at such a low price, it is inevitable that people will make irresponsible remarks.

Naturally, Fang Hong would not do such an honest operation.

The actual operation is that Qunxing Capital started another project company, which is still a new shell company. Then this project was established as a joint venture with the State-owned Assets Supervision and Administration Commission, and the State-owned Assets Supervision and Administration Commission took 899.1 million yuan as a shareholding.

Isn't Ruihe Pharmaceutical Group a technical breach of contract, and it will soon enter the judicial auction process, and Qunxing Capital will use a shell company to auction it off at that time.

After the auction is completed, the debt stripping will be carried out, and the 20 billion debts or non-performing assets that were previously stuffed into Ruihe Pharmaceutical Group will be stripped out, and then the assets will be replaced with the project company jointly established with the State-owned Assets Supervision and Administration Commission.

In addition, the State-owned Assets Management Office really has to pay 899.1 million yuan?

Huayu said that you don't even need to pay this money. The money will be transferred to the account of the joint venture project company first. After the asset replacement with Ruihe Pharmaceutical Group is completed, you will make an investment in the name of Ruihe Pharmaceutical Group. The project The required investment amount is likely to be around 2 billion yuan.

As a result, luck was not good, and the investment in the project was not smooth. Ruihe Pharmaceutical Group needed strategic search because of its own development problems, so it unilaterally withdrew from the project. equity or assets.

I invested 2 billion in, and only got about 1.1 billion when I finally exited, with a loss of 899.1 million.

What a coincidence, isn't it?

Some things in the world are just so coincidental.

...

Quiet Villa.

"The introduction of local state-owned assets in Xincheng has been negotiated. In addition, Mr. Hua has also contacted Zhang Qi, the vice president of Xinhong Securities. The listing plan of Ruihe Pharmaceutical Group has also begun..." Tian Jiayi, who came back from get off work, asked Fang Hong Daily report.

Ruihe Pharmaceutical Group's 100% equity is actually still frozen by the bank, and the negative problems have not been resolved. Although it has been almost a week since Wang Qingxiong was kidnapped, the public opinion has not completely cooled down.

In the eyes of the outside world, Ruihe Pharmaceutical Group or the former Hengtong Pharmaceutical Group is now in trouble, and some so-called industry insiders even predict that Qunxing Capital may be self-defeating, and that it may fall into its own hands after so much effort, and the only thing it gets is to be killed. A pharmaceutical enterprise group with a very good development momentum.

But Qunxing Capital doesn't care about these at all, because everything is under control.

After Wang Qingxiong was sent to the sewing machine team to report, the impact on Ruihe Group would have been predicted by Qunxing Capital, and there were corresponding strategies and plans for how to deal with it in the future.

At present, the progress of the matter has not deviated from the expected track, so just proceed according to the plan.

Fang Hong looked at it for a while, then closed the material and put it aside, nodded in satisfaction and said: "Hua Yu did a good job, just go as planned."

Regarding matters related to the listing of Ruihe Pharmaceutical Group, it must be handed over to Xinhong Securities for guidance and sponsorship.

Listed on the Growth Enterprise Market as planned, the company is valued at 13 billion yuan, with a total share capital of 795.1 million shares. The issue price is tentatively set at 16.35 yuan per share. The IPO will issue 183.43 billion shares, accounting for 23.07% of the company's total share capital. It is expected to raise 3 billion yuan Yuan.

It is worth mentioning that the 23.07% of the total share capital of the shares issued in this IPO will be borne by Qunxing Capital, which means that the 19.98% shareholding of Xincheng Local State-owned Assets Management Office will not be diluted.

It seems that Qunxing Capital is at a loss, but Fang Hong's vision is obviously not so short-sighted. All the layout and paving he has done for Ruihe Pharmaceutical Group are all for the purpose of making the company's market value reach thousands of dollars in the future. million-level height.

After the IPO, Qunxing Capital's holding of Ruihe Pharmaceutical Group will drop to 56.95% of the company's total share capital. This shareholding ratio can only reach the level of relative holding, not 67% absolute holding.

But for the issue of control over the company, it signed a concerted action agreement with the Xincheng Local State-owned Assets Management Office, that is, it voted with Qunxing Capital. In this way, 76.93% of the votes had absolute control over the company.

Xincheng Local State-owned Assets did not even think about controlling it. The proportion of 19.98% or less than 20% of the shares is already a problem.

Of course, strictly speaking, it cannot be taken for nothing. The local state-owned assets of Xincheng are reflected in the intangible value. To put it bluntly, it is public endorsement, which is worth so much money.

Without this point, even if you want to go public, you may have to wait another two years.

After all, Ruihe Pharmaceutical Group has so many negative problems now, it is already September, and it is only three months away from 2010, which means that Ruihe Group will be listed on the ChiNext within the next 15 months.

Putting it in the big A is extremely efficient. If it goes well and exceeds expectations, it may be listed within ten months.

These are all manifestations of intangible value.

...