Chapter 774 Alloy Shares

There are also 47 subsidiaries including Xiyu Sanwei Woolen Textile Co., Ltd., Fairchild Dornier Aircraft Huaxia Company, Huafu Group, Xianghe Industry, Modu Tongyue Transportation Company, Jingcheng Zongfu Real Estate, Shancheng Huangfeng Industry, Zhongji Holdings Co., Ltd., Jingcheng Wanxinda Electric Appliances, etc.

These illegitimate companies of Delong Group have good and bad qualifications, and most of them are not very good.

It should be emphasized that Delong also holds shares in many companies.

In addition to financial shares including Shenzhen Development Bank and Kunming Commercial Bank, there are also Feicai Shares, Renfu Seed Industry, China Youth Travel Service, Huaguan Technology, Guangming Furniture, Foton Motor, etc. in the industrial sector.

There are more than 20 companies in total.

Among them, Huaguan Technology and Feicai Shares are the largest shareholders, and most of the others are the third and fourth shareholders.

After Delong's accident, the stock prices of these companies were also affected and fell by about 20%.

Looking at these various companies, Xu Liang shook his head in his heart.

With so many companies and so many industries, it is estimated that Tang Wanxin himself does not know the specific names, let alone management.

It's no wonder that Delong has come to this point today.

Even if there is no financial loss.

Just these messy companies can eat up Delong.

"Tell the legal team of Hongyan and Hanhua to clean up these illegitimate companies immediately. Anyone who is involved in embezzling public funds and enriching themselves at the expense of the public is willing to make up the money. I can forgive them.

If you don't want to, see you in court."

A large company is like a miniature dynasty. When it comes to the end, most of the management will be corrupt and enrich themselves at the expense of the public.

Especially in the absence of supervision, it will be more serious.

If Delong goes bankrupt, there is a high probability that not many people will be held accountable.

But now I have taken over Delong and all the debts.

These guys stole Delong's money, that is, he stole his money, but is his money so easy to steal?

"Also, make a list of the cleaned assets and notify all our companies. They can keep the ones they like and sell all the ones they don't like.

I don't want any of these companies."

"Okay."

People's energy is limited.

Even a strong person like Buffett can only take care of ten or so stocks.

Although Xu Liang has been buying, he has not paid attention to many companies.

So far, there are only nine companies: Hanhua, Hongyan, Hongmeng, Taihua Group, Master Kong, Facebook, Twitter, Hynix, and Harvest Agriculture.

The remaining New Dream, Netcom, Huaxia Wine, Kelong Supermarket, and Fuhua Real Estate.

He only pays attention to annual financial reports and basically does not participate in management.

Even for the nine companies he participated in managing, he was only responsible for strategy and not for daily management.

As his business grew bigger and bigger.

He also gradually formed his own management style: choose an excellent person who he recognized to be responsible for corporate management and give him enough trust.

In summary, there are four words: know people and assign them to positions.

Trust does not mean laissez-faire, so supervision must be strengthened, especially in finance.

So the person Xu Liang admired most was Liu Bang.

Nai Gong's "strategy is not as good as Zhang Liang, governance is not as good as Xiao He, and fighting is not as good as Han Xin's". All three are outstanding people, and I can use them. This is why I can conquer the world.

Xu Liang himself has limited energy. He is not as good as Xie Wen, Yu Jun, Dong Zi, and Jack Ma in corporate management, and not as good as Shen Nanpeng, Lin Junrui, and Fu Jixun in financial investment, but they all work for me.

The integration of Delong this time is the same.

Select qualified managers, plan strategic development directions, do a good job of financial supervision, and let the other party play the rest.

Denong was given to Liu Qiangxi.

Delong's tourism assets were merged with Xu Liang's Kowloon Tourism Development Company and Universal Studios to form a comprehensive tourism group-Universal Tourism Group.

Of course, this is a long-term plan.

In the short term, it is only a merger of Kowloon Tourism and Delong Tourism.

Management is still the responsibility of the management team of Kowloon Tourism.

Tunhe Group will be integrated by Harvest Agriculture and Master Kong respectively.

Shancheng Industry will be split and sold.

Therefore, what has not been integrated so far are Xiang Torch, Alloy Shares, Tianshan Shares and Zhongyan Holdings.

Zhongyan Holdings and Tianshan Shares are relatively simple.

The former is mainly cotton textile industry, while the latter is cement building materials.

Basically, they all focus on the main business, which makes it easier to integrate.

"Have all the middle and senior management's 'Enterprise Development Reports' of Zhongyan and Tianshan been submitted?"

"Zhongyan has submitted them, a total of 96 copies, and they have all been handed over to the due diligence team sent by Hongyan to Zhongyan, and they will be delivered to you tomorrow."

"Because the due diligence on Tianshan ended relatively late, it is expected to be submitted in four days."

Xu Liangxin understood.

He flipped through the materials on the table.

Xianghuo Torch and Alloy Shares, two of the three old stocks, are both industry giants.

In particular, Xianghuo Torch is the 'pearl' of Delong Industrial Assets.

There are more than a dozen domestic and foreign companies that want to acquire Xianghuo Torch, including foreign giants such as JP Morgan and Goldman Sachs, and of course domestic giants such as Wanxiang Group and China Resources.

In contrast, although Alloy Shares is large in scale, it has fewer suitors because of its long-term losses and lack of basic integration.

The predecessor of Alloy Shares was the largest nickel alloy material manufacturer in China, founded in 1958 as the Third Wire Factory in Shenhe District.

In 1961, it was renamed Shenyang Alloy Factory and became a designated production enterprise of the Ministry of Machinery and Electronics.

In 1990, it was restructured into Alloy Co., Ltd. and listed on the Shenzhen Stock Exchange in 1996.

At that time, Shenyang Alloy's total assets reached 130 million Chinese yuan, net assets were 70 million yuan, and share capital was more than 50 million yuan.

The main product is nickel alloy, with a market share of 80%, and the business is relatively stable, with an annual sales revenue of more than 40 million yuan and a net profit of about 8 million yuan.

In current terms, they are small giants in the industry.

In 1997, China set off a wave of retreat from the state and advancement by the people.

Shenyang alloy has also been put on the shelves.

Because its business is relatively stable and its profits are huge, Shenyang Alloy is undoubtedly a popular and high-quality company.

So there are many competitors.

Deron is also one of them.

Compared to those reckless heroes who only know how to spend money and gain connections, Deron is undoubtedly a smart and handsome guy.

It first hired top experts in the nickel alloy industry to conduct a large amount of research, review and demonstration work on Shenyang alloys, and also launched school-enterprise cooperation with the Financial Securities Research Center of the National People's Congress.

It produced a set of enterprise development plans for ‘Shenyang Alloy’, as well as many suggestions for the future development of the city’s metallurgical industry and other reports.

This set of tricks was brought out and the city government officials were knocked unconscious.

I've seen things happen, but I've never seen anything this violent.

While others were still leaving, Deron had already flown away.

Who can withstand this?

However, just when you thought this was all Deron had, he was already on the third floor.

In order to successfully acquire, Delong accurately grasped the government's pain points and provided solutions.

First, take out 20 million as a mortgage.

Second, enterprise employees will not be laid off temporarily and will be allowed a half-year adjustment period.

Third, the company’s leadership team remains unchanged.

After this set of acquisitions of 'Big Health Care' was completed, as long as the acquirer was not the prefect's own son, there was basically no chance of escaping.

After successfully acquiring Shenyang Alloy, Delong kept his promise.

But Tang Wanxin is a capable and ideal person.

People with ideals are generally unsatisfied with the status quo and always think about something bigger.

Therefore, with the scale of the national nickel alloy industry being limited, Lao Tang quickly turned his attention to other industries.

What to do?

After searching around, Old Tang spotted a good project.

space shuttle.

In 1993, the cabinet issued opinions to actively promote the development of domestic tourism.

What works is effective.

Many tourism and entertainment projects have been built across the country.

However, compared with the same industry in foreign countries, all domestic entertainment projects lack entertainment, so it is difficult to attract tourists' interest in participating in the experience.

It is easy to solve this problem. It is enough to introduce foreign entertainment equipment.

However, it is too expensive to introduce dynamic entertainment equipment from abroad.

Old Tang took a look.

What an opportunity!

It’s you.

In July 1997, Shenyang Alloy and the National Simulation Center jointly established the 'Beijing Taihe Alloy Dynamic Film Equipment Development Company' to develop 'space shuttle' equipment.

Shenyang Alloy has a total investment of 40 million, accounting for 80% of the equity.

It should be said that Lao Tang had a good vision in discovering opportunities. Taihe Alloy earned 26.73 million yuan in revenue in the first year of its establishment, which increased to 33.41 million yuan in the second year.

But unfortunately I was a bit unlucky.

After the 1997 financial crisis, a large number of institutions that invested in outdoor amusement parks died.

Just here in the capital, there are two big ones, World Style Park and Wardland Amusement Park, and there are even more in the country.

The tourism industry suddenly entered a cold winter.

The cabinet also issued a document asking localities to be cautious in approving large-scale amusement park projects.

The 'space shuttle', which is closely related to the tourism industry, has naturally been affected.

Otherwise, Old Tang is capable.

As soon as he saw something was wrong, he ran away immediately.

50 million, and sold Taihe Alloy to the Oriental Ottoman Cosmetics Company, which also came from the Western Regions.

well.

You said that you don’t want to stay in the cosmetics industry and insist on doing something cross-border.

It's fine now, I was directly deceived.

Why bother?

Therefore, when wandering around in the arena, be sure not to drift, otherwise it is really easy to get stabbed.

Although money was made on the space shuttle project, the goal of expanding Shenyang Alloy's scale and business was not achieved.

How to do it?

Old Tang scratched his head.

Hey, there is.

The downstream industry of nickel alloy, "power tools", is going smoothly and has a promising future.

Around two thousand years ago, power tools were a relatively unpopular industry.

Unpopular means that there are basically no powerful companies.

It is convenient for Delong to integrate with its strong capital.

In addition, the overseas market for power tools is not small, with more than 10 billion US dollars.

China's export volume has been increasing at an annual rate of 20% for 10 consecutive years.

In other words, this is still an industry with a rapidly expanding market size, and if you do it well, you can make a lot of money.

After the investigation, Old Tang was instantly moved.

A bunch of little Karami, fuck them.

With nearly 100 million people, Lao Tang spent 90 million angrily to acquire 75% of the equity of "Modu Xingtehao", the largest domestic power tool manufacturer at the time.