Chapter 783 What a pity
Joining the new group now will not only provide abundant development funds, but also huge benefits.
Fame and fortune are at his fingertips.
Anyone would be excited if he changed it.
"Okay, that's all I have to say, do you have any questions?" Xu Liang said.
"Mr. Xu, if everyone adds fuel to the fire, the flames will rise. If Torch Group wants to develop, it is impossible for me to develop alone. It also requires the joint efforts of all colleagues in the company.
So I hope you can put forward a certain amount of effort. The shares set up an option pool to reward individuals who have made outstanding contributions to the group and stimulate their work passion and creativity."
As for the option rewards, you don’t have to worry. I will put 15% into the company’s option pool.
How will this part of the options be distributed?
Who is eligible?
When you go back, fully solicit everyone’s opinions and draw up a plan.
The company will formulate the final equity reward plan based on your plan. "
"Okay. ”
“Any other questions? ”
"No more."
After Xu Liang nodded, "The company is going to launch a centralized cleanup of the borers inside Xiang Torch and Alloy Co., Ltd. You will cooperate with us when you return."
Peng Shengyu was shocked, Agree quickly.
“In addition, you are the CEO of Torch Group, fully responsible for the daily management of the company, and have the right to appoint personnel below department directors and branch general managers, as well as the right to make recommendations to higher-level managers.
< br>In terms of finance, investments below 20 million do not require approval from the head office. ”
"Thank you for your trust."
Peng Shengyu felt excited.
When he was in Delong, he didn't even have financial authority of 1 million, and the personnel power was in the hands of the head office.
If he hadn’t been so highly valued by Tang Wanxin, it would have been impossible to lead Alloy Holdings to this point.
“Okay, that’s all I have to say.”
Peng Shengyu stood up quickly, "Mr. Xu, Mr. Jiang, I'll take my leave then."
"It's getting late, let's leave after lunch."
Peng Shengyu didn't refuse either.
After having lunch together and touring around the Hanhua Center, Peng Shengyu hurriedly left with the due diligence information of Xiang Torch.
“Do you think he is qualified for the position of CEO of Torch Group?”
Jiang Xiaoyang asked in the office.
“I don’t know. But he is the only candidate we can find currently and can rest assured.”
“Where is Huang Ping?”
“He is an excellent entrepreneur. , but he is too deeply involved with Delong and the Tang brothers, and it is difficult to escape from this vortex," Xu Liang sighed.
Huang Ping is Delong’s first chairman after moving to Hunan Torch.
He is also a rare outstanding professional manager within Delong.
After Delong took over Hunan Torch, the company had a backlog of hundreds of thousands of spark plugs.
The quality of this batch of spark plugs meets domestic industry standards, but is lower than the company's new quality standards.
Throw it away, it’s a pity.
Selling to the market, but afraid of affecting reputation.
What to do?
A few smart people came together and simply put the old brand logo on it and sold it to customers who were more price-sensitive.
This can save the company millions of losses.
In the eyes of more than 95% of businessmen across the country, and even more businessmen, this method is probably an excellent example of how to generate income and reduce losses for enterprises.
And I think it kills two birds with one stone.
But Huang Ping is different.
Principles are not given up for the sake of profit.
In order to strengthen quality awareness, he organized a ‘Hunan Torch 3·15 Special Operation’.
Gather everyone in the factory together, and then use a ten-ton roller to crush the spark plugs worth more than 1 million into pieces.
This move, which is similar to Haier's smashing of refrigerators, has completely reversed the problem of uneven quality of Hunan Torch's products.
Implement the ISO9002 standard.
In the three years he has managed Hunan Torch, there has never been a quality problem with the products.
However,
for a successful management elite, it is definitely not enough to just focus on quality.
After all, this is an era when the smell of wine is afraid of the depth of the alley.
Therefore, success is achieved only if the quality is good and there is a market.
Huang Ping did the same.
While consolidating the domestic market, he is also actively exploring foreign markets.
In 1998, Hunan Torch joined the American Auto Parts Association.
The most powerful and authoritative organization in the world has only 7 members in China, and Hunan Torch is one of them.
It can be seen that it is precious and rare.
More importantly, this move has completely opened up the international market, especially the US market, and laid the foundation for the future development of Hunan Torch.
This is just one of the measures taken by Hunan Torch to expand domestic and foreign sales channels.
With Huang Ping's efforts, Hunan Torch has strictly controlled expenditures in production, and the purchase price of bulk raw materials has dropped by 10% compared with the previous year.
Technical public relations, internal potential tapping, and energy saving have reduced spark plug manufacturing costs by 9%.
This in and out is 20% of the gross profit.
In 1998, Hunan Torch's net profit reached an unprecedented 25.3%, which has never been reached again.
By 1999, Hunan Torch had lowered its profit margin due to a large number of mergers and acquisitions. But development remains steady.
Unfortunately, Huang Ping left Hunan Torch after May 2000.
Subsequent successors, although capable, were far inferior to Huang Ping.
Let the Hunan torch be pulled more and more, gradually becoming what it is now.
"If we find connections, maybe we can save Huang Ping from jail." Jiang Xiaoyang said.
Xu Liang thought for a while and shook his head.
“He is the executive president of Delong Strategic Investment Company and the president of the industrial fund. He holds 6.7% of the shares of Delong International and is the core figure of Delong.
Delong is under investigation, he is destined to be unable to escape, so don't bother. ”
The entire Delong senior management, except for Tang Wanxin, who holds 13.6% of the shares of Delong International.
Only seven people hold 6.7% of the shares.
Except for Tang Wanli , the three brothers Tang Wanping, Tang Wanchuan and Huang Ping, as well as Wang Hong, director of Northern Securities, Zhang Yeguang, legal representative of Deheng Securities, and Kong Qinghua, legal representative of Shenyang Alloy.
They are the core of the behemoth that is DeLong.
Delong is under investigation, others can escape, but they cannot.
Of course, with the energy of Hanhua and the background of the Jiang family, if we really try our best to help Huang Ping, we can indeed keep him, but interfering with the judiciary is not a good thing.
It is easy for someone to catch the pigtails.
It’s not worth it for an outsider.
"You really don't want it?"
Xu Liang affirmed: "The Torch Group that I care about most already has Peng Zhiyu, and the others have their own arrangements. There is no need for another Huang Ping."
The integration plan for Delong's many assets has basically been finalized.
Laosan Stock, Hunan Torch and Alloy Stock merged into ‘Torch Group’.
The business of Xiyu Tunhe, one of the three old stocks, will be divided between Fengshou Agriculture and Master Kong.
One of the new three shares is Tianshan Holdings and Zhongyan Holdings. The former is building materials and cement, and the latter is textiles and clothing.
After improving management, personnel and other systems, we will gradually withdraw in the next three to five years.
Chongqing Industrial, one of the new three shares, will retain its water and electricity business and sell off all other assets. It will also exit within three to five years.
Liu Qiangxi is in charge of Denong Group and integrates Delong’s agricultural assets.
His Global Travel Group is responsible for integrating Delong’s tourism assets.
In addition to Torch Group, Denong and Global Travel, Tianshan Holdings, Zhongyan Holdings and Shancheng Industrial are all held in the medium term and gradually sold off.
Delong’s remaining trivial assets, such as Fairchild Dornier Aircraft Company’s projects, Xiang Torch Real Estate Company, etc., will all be sold within a year.
This is Xu Liangli’s integration plan for Delong Industrial’s assets.
“If you don’t want it, just don’t.”
Jiang Xiaoyang no longer dwells on this issue.
"I still have some ideas about the integration of Delong Industrial assets. Do you want to hear it?"
"Okay."
Jiang Xiaoyang organized some words, "The development of the domestic machine tool industry Soon, Jinling II Machine Tool's technical capabilities are also good. Therefore, after the business merger of Xiang Torch and Alloy Co., Ltd., Jinling II Machine Tool can inherit the listing status of Alloy Co., Ltd.
We will then gradually exit through the market.”
Xu Liang thought about it briefly and agreed.
The second machine tool itself is profitable, so whether you quit now or slowly quit later, you can still make money.
Of course, if you wait a few years to quit, you will make more money.
After all, there will be a bull market for three consecutive years. Against this background, the stock price will definitely rise.
“What else?”
"Acquired Magic City Ou Chen, re-integrated it, and listed it through the shell of Hunan Torch." Jiang Xiaoyang said with a smile.
Xu Liang was a little surprised.
He doesn’t care about the shell of Xiang Torch.
In any case, Torch Group does not plan to go public in the short term.
But Ou Chen is not a good company.
Ou Chen's predecessor was Modu Aoshen Company, which was founded in 1999 by Tang Wanping.
In order to develop Ou Chen, Tang Wanping 'airborne' Zhou Guanxuan from Midea Group's electric fan division as general manager and gave him 19% of the equity worth 9.5 million Chinese dollars.
Zhou Ye became the first generation of working emperor in the Magic City.
At that time, Ou Chen bought the patented ‘ozone disinfection’ technology from the China Atomic Energy Research Institute and developed household water terminals such as water purifiers and direct drinking machines.
Plan to become a service provider that provides household water treatment systems with the most healthy consumption concepts.
It should be said that Tang Wanping's vision is pretty good.
With economic development, wealthy people pay more and more attention to environmental safety.
Household water treatment system is a standard blue ocean.
As long as you do it well, the profits will definitely be huge.
And the environment at that time was also relatively friendly.
The only competitors are Dongguan Blue Electric and Zhongshan Wuzhou, two opponents with neither strength nor reputation.
Ou Chen is in the right place at the right time in the household water treatment market.
The big guys all think Ou Chen is going to explode.
In order to seize this market, under the leadership of Tang Wanping, Ouchen's parent company Aoshen and Xiang Torch jointly established Xiang Torch Environmental Protection Company.
Xiang Torch priced its plant and equipment at RMB 160 million, of which RMB 51 million was used as capital to invest in shares.
Tang Wanping's little plan is to make Hunan Torch a production base, also using 'ozone disinfection technology'. In addition to producing its own 'Yuwang' brand products, Environmental Protection Technology also has Aoshen as an OEM.
One fish eats two, taking advantage of everything.
(End of this chapter)