Reborn Capital Empire

Chapter 637: Tunhe in the Western Regions

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In mid-April, the impact of the collapse of Delong has been replaced by an endless stream of new news at home and abroad. Especially after Hanhua took over Delong and began to integrate Delong's financial assets in an orderly manner, and compensated financial customers who suffered losses, the impact of the Delong case on the society was further reduced.

However, doing so also had another effect. Tang Wanxin, who originally went to Myanmar in time and space and then returned to China to surrender, is still in Myanmar today.

But no matter how the outside world changes, Guo Shouyun is still advancing his transformation of Delong Group as planned. Especially the transformation of industrial assets.

"I brought you here today to discuss the asset disposal plan of Delong Industrial and its future development strategy." After a pause, Guo Shouyun looked at Zhang Lei from Hanhua Holdings, Chen Yu, CEO of Oriental Group, Wang Pengju, CEO of Jianlibao, and Chief Operating Officer of Tencent. , Zeng Liqing, who is in charge of the entertainment plan, Brito, the former CEO of American Beverages, Bill Maguire, Minister of Finance of Guo Shouyun's Private Secretary Department, George Davis, Minister of Law, two secretaries Wang Jue and Wu Xiaojing, plus a Tang family four Wu Feng, the brother's nephew, quickly scanned the 10 people who participated in today's meeting.

"Wang Jue!"

After receiving the boss's eyes, she nodded. She and Wu Xiaojing are responsible for the introduction of today's meeting.

"Delong Group, the full name of Delong International Strategic Investment Co., Ltd. was established in 2000 and developed on the basis of Delong Industrial Company established by Tang Wanxin in 1992. From 1992 to 2004, after twelve years of expansion Later, Delong Group became a giant group with nearly 500 subsidiaries, assets of 120 billion Chinese dollars and 300,000 employees."

"...under Delong's banner, six major listed companies, including Xinjiang Tunhe, Alloy Shares, Xianghuo Cabinet, Shancheng Industry, Tianshan Shares, and Jingcheng Zhongyan, have been formed, as well as Delong Agricultural Group, Delong Tourism Group, Delong Animal husbandry company, with nine companies as the core. Western Regions 3D Mining Co., Ltd., Western Regions 3D Wool Textile Co., Ltd., Western Regions Tunhe Hotel, Western Regions Meihuada Hotel, Great Western Tourism Company, Jingcheng Xiyangyang Culture, Jingcheng JJ Disco Plaza, Minsk Aircraft Carrier 37 companies such as Theme Park, Denong Seed Industry, Jingcheng Guowu Sports Co., Ltd. are affiliated, and 25 companies including Feicai Co., Ltd., Renfu Seed Industry, CYTS, Kunming Commercial Bank, Shenzhen Development Bank, Corolla Technology, Guangming Furniture, and Foton Motors An industrial asset system dominated by important shareholding companies!”

"...First of all, Xinjiangtunhe. The predecessor of Xinjiangtunhe was a collective enterprise established in 1983--Xinjiangchang~Jihui Autonomous Prefecture Tunhe Cement Factory, which was restructured into a joint stock company in 1993. In October of that year, Xinjiang Delong acquired some collective shares and entered Tunhe as the fourth largest shareholder.”

"In 1997, Xinjiang Delong acquired three small state-owned factories under Tunhe Industry and Trade Company; in the same year, Tunhe Co., Ltd., Tunhe Industry and Trade and Tunhe Agriculture and Animal Husbandry jointly established Tunhe Group; in 1998, Xinjiang Delong also controls Tunhe Group and is the largest shareholder of Tunhe Group, directly and indirectly holding 40% of the shares of Tunhe. Xinjiang Delong International Industrial Corporation in May 1997 transferred its holdings in Xinjiang Tunhe. 600,000 shares of Hehe were transferred to the Xinjiang Petroleum Administration Bureau. In March 2000, Delong increased the proportion of Xinjiang Tunhe holdings, owning nearly 28% of the shares of Xinjiang Tunhe.”

"After Delong entered the Xinjiang-Jiangtun River in 1996, through technological transformation and mergers and acquisitions, Xin-Jiangtunhe quickly developed into the second largest cement enterprise in Xinjiang with an annual production capacity of over 1 million tons. In March 2000, Under the coordination of Delong, Xinjiang Tunhe sold 51% of its physical assets with an annual output of 1 million tons of cement to Tianshan, a listed company, the leader of the Xinjiang cement industry, and registered and established a new "Xinjiang Tunhe Cement". After the integration, Tianshan Co., Ltd. can optimize the allocation of market resources, reduce production and operating costs, improve the technological content of products, and enhance market sales and competitiveness. 60%, Tianshan has thus established its position as the third largest cement company in China and the largest in Northwest China.”

"Because Xinjiang is one of the few areas in the world that is most suitable for tomato cultivation, the tomato yield is high and the quality is good. After gaining control, under the operation of Delong Group, Xinjiang Tunhe, which has taken off the gray cement shell, has been invested in successively. Hundreds of millions of yuan of funds have been concentrated on the development of a "red industry" centered on the processing of tomato, safflower, carrot, wolfberry and other characteristic fruit and vegetable resources. At present, an annual output of 240,000 tons of tomato paste, 10,000 tons of tomato powder, and 10 tons of tomato powder has been formed. The production capacity of lycopene ranks first in Asia and second in the world, and the products are mainly exported to Europe, America, Russia, South Korea, Japan and Southeast Asia and other countries and regions. And through the acquisition of tomato paste sellers in the United States with more than 20 years of experience in tomato paste business' Xinrui Company' and Italian 'Gandover Company Sales Company' have successfully entered the international market. At present, the market share of Tunhe tomato sauce accounts for 75% of the country and 17% of the world."

"In addition to tomato sauce, Tunhe Group is also one of the largest apricot jam manufacturers in the world. It has 5 apricot jam processing plants and 200,000 mu of orchards in Kashi, Hetian, Aksu and other places, with an annual output of 100,000 tons of fresh apricot jam. Apricot processing capacity, 18,000 tons of apricot pulp processing capacity per year, Tunhe apricot jam, dried apricots, almonds and canned food are exported to Europe, America, Japan, South Korea, Central and Western Asia, Russia and Arab countries, accounting for 40% of the international apricot pulp market trade volume, ranking first in the world. A well-known supplier of apricot milk products.”

"Tunhe Group is also the largest sugar beet planting and sugar production enterprise in the country. It has 450,000 mu of sugar beet production areas in Yanqi Basin and Ili area, and 9 sugar factories in the Western Regions and Jin Province. The daily processing capacity of sugar beet is 25,000 tons and the annual output is The production capacity of 470,000 tons of sugar, 183,000 tons of granulated meal, and 42,000 tons of edible alcohol. Sugar production accounts for 80% of Xinjiang's total output and 36% of national beet sugar production."

"Tunhe brand tomato products, Tunhe brand apricot jam, Tunhe brand and Sifang brand sugar products, Tunhe brand safflower, jujube, wolfberry, and Yuehuo juice from Tianyi Fruit Industry, a subsidiary of Tunhe, are all A brand with a very high market share in Huaxia Foods!”

"However, due to the poor management of Delong Group, excessive extraction of Tunhe Group's profits for financial investment, illegal guarantees, resulting in untimely equipment updates, low efficiency, bloated personnel structure, overstaffing, and rampant corruption, so that Tunhe Group has over 63.4 100 million assets, the main income of 700 million Huaxia coins, but only 120 million net profit, the main business growth rate was 11.58%, a year-on-year decrease of more than 30%; the net profit growth rate was 5.49%, a year-on-year decrease of 15%, and A debt of 3.28 billion Huaxia coins has been generated!"

After Wang Jue finished speaking, Guo Shouyun flipped through the information in his hand. Turning to look at Wang Pengju.

"Pharaoh, Tunhe Group's main food industry, although there are loopholes in the management structure and a high level of debt. But the assets are very high-quality, and it will be merged into your Jianlibao Group in the future."

"Yes! ... Is Tunhe an independent subsidiary of Jianlibao Group, or is it split up and reorganized?"

"Reorganization! Now Jianlibao's business is managed by a beverage affairs department. Tomato paste, apricot jam, sugar, and fruit products in Tunhe are classified as food affairs department, and farms and orchards are classified as agricultural affairs department. Lord, clean up the management structure of Tunhe Group, streamline personnel, strengthen the quality supervision system, adopt a reward and punishment system, and reshape the corporate culture of Tunhe. I will give you one year, and I will see a brand new Jianlibao Group in one year. ."

"Understood!" Wang Pengju nodded earnestly, "Boss, what about the 'shell' of Tunhe Shares...?"

Guo Shouyun understood what he meant. Tunhe shares are listed companies, especially under the existing financial system of Huaxia, this 'shell resource' is particularly precious.

"Jianlibao does not need to be listed yet, so let's keep this shell resource."

Guo Shouyun didn't plan to list Jianlibao in the United States. Nowadays, "bankers" are rampant in China. The stock market is completely equivalent to a casino. Hong Kong seems to be the most suitable now, but after winning the loss-making Tunhe, Guo Shouyun does not plan to go public until it is completely integrated.

Although Wang Pengju was a little disappointed in his decision, he didn't say much.

"Boss, I see that Tunhe Group also has polyester business and Sunway Linen Company. Are these also merged into Jianlibao Group?"

"No! The main business of Jianlibao in the future is beverages, food and related agriculture and animal husbandry. Among all businesses under Tunhe, businesses that do not belong to this category are all sold."

Having said this, Guo Shouyun sighed in his heart. Originally, Tunhe held a 51% controlling stake in Huiyuan Juice, but in June 2003, it was bought back by Zhu Lixin, the founder of Huiyuan Juice, for 250 million Chinese dollars.

If Huiyuan's equity is still in the hands of Tunhe, with this brand in hand, Jianlibao will immediately become the number one in the domestic juice industry.

After answering, Wang Peng sat down.

"continue!"

Wu Xiaojing nodded, this time she replaced Wang Jue.

"The predecessor of Alloy Co., Ltd. is China's largest nickel alloy material manufacturer. It was established in Shenyang Alloy Factory in 1956; it was restructured into Alloy Co., Ltd. in 1990; it was listed on the Shenzhen Stock Exchange in 1996, and Shenyang Asset Management Co., Ltd. was established in 1997. The company signed an agreement with Xinjiang Delong International Industrial Corporation to transfer its 15 million state-owned alloy shares (accounting for 29.02% of the total share capital) to Xinjiang Delong International Industrial Corporation at a price of RMB 3.11 per share , the nature of the equity is legal person shares. Xinjiang Delong took over Shenyang Alloy and became its largest shareholder.”

"At that time, the total assets of Alloy Co., Ltd. were 130 million yuan, the net assets were 70 million yuan, and the share capital was more than 50 million yuan. The main product was nickel alloy, with a market share of 80%, the business was relatively stable, and the sales income was more than 40 million yuan~www.wuxiaspot.com ~10,000 yuan in profit. However, the nickel alloy market is too small, and the national total demand is only more than 100 million yuan per year. Alloy shares are destined to be a small company. After Delong took over, he focused on the downstream products of alloy materials— Power tools. In 1998, Alloy Co., Ltd. invested 90 million yuan to acquire 75% of the equity of Magic City Xingtehao Enterprise Co., Ltd. and entered the power tool production industry.”

"Then successively acquired or built a number of power tool manufacturing enterprises such as Suzhou Taihu Power Tool Group Company, Suzhou Black Cat Group Company, Magic City Meihao Electric Co., Ltd., and Shaanxi Xingbao Electromechanical Co., Ltd. The shares have become China's largest manufacturer and exporter of power tools and garden machinery. And it has formed a strategic alliance with the American Maury Company to enter the world market with its sales network."

"In addition to expanding in the power tools and garden machinery industries, under the operation of Delong, in 1997, Alloy Co., Ltd. and Jingcheng Space Shuttle Entertainment Equipment Co., Ltd. jointly established Jingcheng Taijin Dynamic Movie Complete Equipment Development Co., Ltd., accounting for 80% of the shares. space shuttle."

"In 2000, Alloy Co., Ltd. invested 200 million Huaxia Coins to acquire Jinling Second Machine Tool Factory and entered the machine tool manufacturing industry. In 2003, it invested 60 million yuan to establish a joint venture with Shancheng Machine Tool Factory, and held 80% of the shares."

"In June 2003, Delong acquired the R&D department and the 728 passenger aircraft project of "German Fairchild DORNIER", one of the world's three largest regional aircraft manufacturers."

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