Chapter 748 Plan A and Plan B

"Brother Tang, Brother Wanli, Happy New Year."

Xu Liang greeted him with a smile.

The Tang brothers couldn't help but feel relieved when they saw his warm attitude.

"Brother Xu, Happy New Year. I haven't seen you for more than half a year. You are more charming and charming." Tang Wanxin said with a smile.

"Thank you, thank you. Please take a seat."

"Please."

After the three of them sat down, Lu Hui served tea.

He took a few sips.

Tang Wanxin didn't say much.

"I guess Brother Xu has heard some news about our Delong recently?"

"Yes, I have heard some, especially the matter of Li Xueqin, which is too big."

Tang Wanli's face darkened. This has become his heart disease.

Coughing, Tang Wanxin continued.

"We were indeed wrong about Lao Li's matter. Delong will try its best to compensate."

"Brother Tang, it's just 70 million, can't you just give it to him? Now it's such a big deal, it's a big blow to Delong's reputation." Xu Liang said.

Tang Wanxin smiled bitterly and said, "We want to give it, but Delong really can't afford it."

"How could that be? Last time, your brother Tang made 500 million from me."

"Although I made a lot of money, I lost more."

After a pause.

"Brother Xu, to be honest.

My elder brother and I came to Beijing to see you this time to ask for your help.

If you don't help, I really have no way to retreat and can only go bankrupt."

Looking at Tang Wanxin, who was full of mixed feelings and miserable, Xu Liang felt a little bit of empathy in his heart.

"Brother Tang, don't worry, as long as I can help, I will help."

"Brother, as long as you say this, no matter what the final result is, not only me, but everyone in our Tang family will owe you a favor."

"Brother, you are serious. But Delong has huge assets and complicated internal affairs.

If you want me to help, you must have a plan, right?"

"There are indeed two plans at present."

Tang Wanxin took out two documents and handed them over.

"This is the plan we have discussed internally. Please read it, brother."

Xu Liang took it and read it carefully.

Plan A.

For some institutions with less related debts, quickly transfer equity at market prices, use cash funds, and combine various debt restructuring methods such as real estate restructuring, debt-to-equity swaps, and asset realization to repay debts.

For some institutions with more related debts, transfer equity at a price lower than the market price and introduce new strategic investors.

On the one hand, use the income from the transfer of equity to repay part of the debt.

On the other hand, with the participation of powerful new shareholders, enable various financial institutions to restore their reputation and normal operations as soon as possible, and restore and enhance corporate value.

The assets used for cash 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 of debt rights of Softte, a listed company.

4. Delong Company holds 205.2 million shares of Xianghuo Torch, a listed company.

5. Delong Company holds the equity of Zhongfu Securities.

These five assets can recover 900 million yuan.

In addition, the debt of 5 billion Chinese Yuan of institutional clients will be handled in three ways.

First, for most clients, compensation will be made through real estate restructuring, and it is expected that 700 million Chinese Yuan can be solved.

Second, for large clients with debts of more than 1 million, sufficient debts from various markets will be used to solve the problem, and this method can solve the debt of 3.5 billion Chinese Yuan.

Third, for small and medium-sized clients, Delong Company will be used to liquidate assets to solve the problem.

In summary, Plan A is to sell Delong in pieces to pay off debts.

Whatever is left in the end is what counts.

Plan B.

The entire Delong Group will be sold off in a package, the family's equity will be reduced, and an additional investment of 30 billion Chinese Yuan will be added, of which state-owned enterprises and foreign capital will each account for half. Delong will change from a private enterprise to a modern enterprise with 30% state-owned, 30% foreign capital, 30% private, and 10% Delong management.

After the additional 30 billion yuan of capital, Delong's debt level will drop from the current 60%~70% to about 10%.

After the debt level is reduced.

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 will form 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 will maintain a controlling stake and carry out projects such as regional aircraft, rail transit, ships, and heavy vehicles.

In terms of finance, local state-owned enterprises will hold a larger stake. Many of Delong's original insurance, securities, and financial institutions can be merged and then sold, or set up secondary companies.

The newly invested infrastructure construction projects will include highways, bridges, natural gas, etc., as the new development direction of the group.

Plan B can be summarized as selling the whole.

After reading it, Xu Liang thought for a while and put the two plans aside.

"Will the foreign capital in Brother Tang's Plan B be Hanhua?"

Hanhua's global headquarters is located in Hong Kong. From this perspective, it is indeed foreign capital.

"Brother Xu is really smart, that's right."

"Would you two brothers like to hear my thoughts?" Xu Liang smiled.

After Tang Wanli and Tang Wanxin looked at each other, the former, who had been silent, spoke.

"Brother Xu, please go ahead."

"It's actually very simple. Hanhua and Hongyan will acquire all the assets of Delong Group with 0 cash and assume all debts." Xu Liang smiled.

Tang Wanxin's heart 'slammed', and a surge of anger surged in his heart.

"Brother Xu, I treat you as a friend, but you actually add insult to injury!"

Looking at Tang Wanxin with an ugly face, Xu Liang smiled.

"Brother Tang, you know very well whether I have added insult to injury. The financial part of Delong Group is 34 billion Chinese yuan, the industrial part is 23 billion Chinese yuan, and the total debt is 57 billion Chinese yuan.

Except for me, no one or other institutions can help you.

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, or even less money to get the assets I want."

Tang Wanxin's angry expression froze on his face instantly.

There was a hint of shock in his eyes.

He was shocked that Xu Liang knew all the debts in Delong? !

This was an absolute secret, even his elder brother didn't know.

"How could you...?"

Tang Wanxin, who had reacted, quickly shut up, but had already acknowledged 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 that the higher-ups can't just turn a blind eye.

If you sell Delong to me, I can cover all of Delong's debts. The matter has been resolved satisfactorily, and the higher-ups won't chase you.

But if you continue to resist.

The next process will be divided into four steps if nothing unexpected happens.

The cabinet decided that the police station would arrest people, the central bank would collect loans, and Delong would be administratively closed.

The same is true for Hops and Zhongke Group.

There are only two results waiting for Brother Tang, either to live out his life in Tilanqiao or to go into exile abroad."

Tang Wanxin's face turned green, "Brother Xu, are you exaggerating too much?"

"We are all smart people. Brother Tang has his own judgment on whether I am exaggerating or not."

Paused.

"Okay, that's all I have to say. The two brothers go back and discuss it. I'll give you three days. If you agree after three days, we'll continue the discussion.

If you don't agree, just call and let me 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 have enough capital."

In 2001, Xu Liang acquired Sanwei Mining Company from Tang Wanxin, and the Tang family also invested 10 million US dollars in Qinglong No. 2 Fund.

In two and a half years, Hanhua Qinglong No. 2 Fund has increased nearly four times.

According to Hanhua's rules.

When the average annual increase exceeds 100%, Hanhua and GP will share equally.

So the money allocated to the Tang family is 27.84 million. After deducting the principal, the net profit is 17.84 million, and it is after tax.

After Tang Wanxin looked at him deeply, he said in a serious voice: "Thank you, brother Xu."

Tang Wanli also said "thank you".

Xu Liang was willing to give them the money at this critical moment of life and death, so he knew that the other party was not a person who would take advantage of others' misfortune.

"Goodbye, both of you."

After watching them leave.

"Mr. Xu, do you think they will agree?"

"Yes."

"But looking at Tang Wanxin's attitude just now, it doesn't seem like he can agree." Lu Hui said.

"When the knife is on his neck, he has no choice."

--

The thick curtains blocked the night.

The originally bright lights became dim under the layers of light blue smoke.

Just like the depressing atmosphere in the room made people uncomfortable.

"Old Five, is Delong's debt really 57 billion?"

Tang Wanchuan, who was wearing a plaid T-shirt, couldn't help asking.

Wanli Pingchuan is a new one.

It is the order of the names 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 ophthalmologist of Beijing Friendship Hospital, the male members of the Tang family basically hold positions in Delong.

However, the one who is really in charge of Delong is still Tang Wanxin.

He is the soul figure and the helmsman of Delong.

Looking at the concerned eyes of his three brothers, Tang Wanxin nodded with a heavy heart.

Seeing this, Tang Wanping could not sit still.

"Old Five, what do you do for a living? How did you lose so much money?"

"Old Five, when we 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 fill it?!" Tang Wanchuan said sternly.