Chapter 804: Become bigger, stronger and create greater glory
Old Tang, who has money in his pocket, can no longer suppress his ambition to 'become bigger, stronger and create greater glory'.
After returning to his hometown to call friends, he roped in his eldest brother Tang Wanli, his second brother Tang Wanping, and his third brother Tang Wanchuan to register and establish the predecessor of Delong Group - 'XJ Delong Industrial Company'.
In the same year, 1992, the Hai & Nan real estate market was in full swing, booming across the country.
Old Tang is also very jealous.
The first thing Delong did after its establishment was to spend 5 million to register and establish Urumqi Delong Real Estate Development Company.
Develop the real estate industry in Urumqi.
After building a few communities and accumulating a certain amount of experience, when Old Tang was ready to show off his talents in the real estate industry, the fanatical Hai & Nan Real Estate collapsed.
Overnight, the national real estate industry entered a low ebb.
Old Tang also had no clue.
He quickly retracted his tentacles, turned around, and led his brothers to purchase large quantities of stocks of state-owned enterprises in the northwest provinces such as the Western Regions and Shaanxi Province.
After getting the stocks, they either immediately find someone to sell the stocks to.
Or just wait for the company to go public, then cash out and leave.
After a few transactions, Tang Wanxin and others became rich overnight.
Just buying the legal person shares of "Northwest Bearing" made them a net profit of 30 million.
Shopping in the stock market gave Lao Tang his first glimpse into the capital market.
So, his test of the treasury bond market allowed Delong, the giant beast, to complete primitive accumulation in the true sense.
Beginning in the early 1990s, the Ministry of Finance introduced a government bond underwriting policy. For many years, most government bonds were underwritten by dozens of securities intermediaries.
After several years of accumulation, an unofficial treasury bond circulation market gradually formed, and the Wuchang Treasury Bond OTC Exchange was the largest and most active trading platform in China at that time.
In 1994, Lao Tang sought to raise RMB 300 million from Nanhai Huayin International Trust and Huaxia Rural Development Trust through treasury bond repurchases.
This money laid the foundation for Delong's subsequent development.
Just like Lao Tang made a huge sum of millions through the color photo printing business in 1986, he restlessly expanded his business.
After Delong made hundreds of millions of dollars from the stock market, Old Tang's restless heart became turbulent again.
After his early failures, he has become much more cautious now.
And he jumped out of the Western Regions and came to the capital to look for business opportunities.
As a veteran hunter who has been in the mall for many years, Old Tang has a natural acumen for making money.
Soon he discovered that at night, the young people in Sijiu City gathered their friends and went to a place called 'Disco'.
Old Tang followed him in and walked around. He saw the excited men and women writhing under the loud music, as well as the expensive drinks and drinks. His natural business instinct made him understand instantly.
This stuff can make a lot of money.
Strong execution has always been his strength.
Soon, Lao Tang opened the first disco, JJ Disco, in Xinjiekou, Beijing.
Old Tang always did things differently from others.
He looked down upon those stereotypical small discotheques that could only accommodate dozens or hundreds of people.
If you want to play, play big.
That’s what he thought and did.
The final result proved that he succeeded!
JJ Discotheque, which covers an area of nearly 2,000 square meters and can accommodate thousands of people at the same time, has quickly become a holy place for young men and women in Sijiu City.
The crazy influx of young men and women made Old Tang feel the pleasure of making money in the capital for the first time.
And in the first year, JJ Disco earned Lao Tang nearly 30 million in cash flow.
Many large factories cannot make so much money in a year.
It's a pity that Old Tang, a big scumbag, soon fell in love with someone else after having fun at the 'disco'.
Farming and animal husbandry in the Western Regions became a favorite.
In 1994, Delong Agriculture and Animal Husbandry Company was established with a registered capital of 100 million yuan.
In the following years, they invested more than 200 million Chinese dollars to build 4 large-scale modern farms in various parts of the Western Region and developed 100,000 acres of land.
On these 100,000 acres of land, Delong used Austrian government loans to purchase more than 15 million US dollars in various agricultural machinery and equipment, and successfully planted wheat, oilseeds, tomatoes and other crops.
This laid a solid foundation for Tunhe's later entry into agriculture and animal husbandry.
In fact, whether it is JJ Disco or Delong Agriculture and Animal Husbandry, they are all Lao Tang’s idle sons.
At this time, Delong's business center was still the financial market where money could come in quickly.
Whether it is the primary market (issuance market);
or the primary and semi-market (private trading of stocks or equity certificates that have not been listed on the exchange, as well as the internal trading of listed companies) employee shares).
As long as you can make money, do it boldly.
With more and more money in hand, Delong's ambitions are also getting bigger and bigger.
In 1995, Xiyu Delong International Corporation was established with a registered capital of 200 million.
In the same year, a North American Liaison Office was established to expand foreign business.
You can also see Lao Tang’s ambition from here.
He naturally has stronger strategic planning capabilities than ordinary people.
After four years of development, Delong has become a well-known big player in the stock market, and Yeluzi is famous all over the world.
Whether he is buying or selling stocks, he is aggressive. As long as it goes viral that Delong wants to buy or sell a stock, the big players in the stock market will quickly follow suit.
It seems to have the style of a ‘famous village of a generation’.
When the time came in 1996, the central government issued an announcement to stop new value-preserving savings businesses.
The policy of “steady development and appropriate acceleration” was also proposed above.
Against this background, Shanghai and Shenzhen are all in the red.
But Old Tang, an old hunter who had been in the business world for ten years, smelled something ‘changed’.
Decisively ordered to sell all the stocks and bonds in Delong's hands.
Sure enough. When the time entered October, the authorities issued "twelve gold medals" in succession, determined to rectify the stock market.
The news spread, and Shanghai and Shenzhen became a bright green.
One word echoed throughout the country.
Sell.
From this moment on, China started an eight-year bear market in Big A.
Because Delong retreated relatively quickly, he had almost no losses.
Also because of Lao Tang's operation this time, Delong won universal praise.
This laid the foundation for their later manipulation in the financial market.
Due to the retreat of the stock market, Delong had to shift his attention to industry.
At that time, because of the commercial and technological gap between the East and the West, both the political and business circles generally liked to go abroad for inspections.
Deron is no exception.
Lao Tang took his brothers for an inspection and concluded:
For China, the industry with the most advantages and the most opportunities is the traditional industry, that is, manufacturing .
First, China’s labor force is cheap.
Second, after the technological transformation of the 'Seventh Five-Year Plan', the 'Eighth Five-Year Plan' and the 'Ninth Five-Year Plan', it has a high technical level.
On the one hand, it has production capacity, and on the other hand, it faces the global market. This is a historic opportunity for China.
When you have a conclusion, you must take action.
But where to exert force is a question.
It happened that at this time, Old Tang met his noble man.
He was He Guipin, the chairman of Xiyu Tunhe at that time.
In his early days, Lao He was the director of the Tunhe Cement Factory, a local state-owned enterprise in Changji Prefecture in the Western Regions, and had rich local connections.
And he is 27 years older than Tang Wanxin. On one side he is a young and foolish young man who is just starting out, and on the other he is a local talker who is strategizing.
The relationship between the two is indeed a bit like Gao Qiqiang and Taishu in Kuangbiao.
There are rumors that Tang Wanxin respectfully calls He Guipin the old man in private.
With this relationship, Delong's eyes naturally shifted to Tunhe in the Western Region.
What a coincidence.
In 1996, Xiyu Tunhe was successfully listed on the Shanghai Stock Exchange.
If you are running an industrial business, Delong is really not doing well.
But when it comes to the stock market, Old Tang has it all in his hands.
Three months later, Delong acquired 7.13 million legal person shares in Xiyu Tunhe at a low price of 2.51 per share, while the closing price at that time was as high as 13.35.
One by one, it was equivalent to He Guipin giving Tang Wanxin a 182% discount on his acquisition plan.
This is no longer a fracture, this is a complete break of the head.
This is the kind of treatment only a biological son can have.
After obtaining the equity, Delong's shareholding ratio reached 10.185%, becoming the actual third largest shareholder of Xiyu Tunhe.
In order to deceive others and quell the rumors caused by the low-price acquisition of Tunhe shares in the Western Region.
Lao Tang diluted its direct shareholding ratio in Xiyu Tunhe to 7.36% through allotment of shares and agreement transfer.
But secretly, it continued to increase its holdings in the Tunhe Group, the largest shareholder of Tunhe in the Western Region, and took 90% of the shares.
After the equity penetration, he held 21% of the equity in Xiyu Tunhe, completely controlling the company's voice.
In the following two years, he followed the same pattern and completed the mergers and acquisitions of Shen & Yang Alloy and Xiang Torch.
The three old stocks are all alive.
As the company gets bigger, there are more differences.
The biggest disagreement within Delong is the disagreement over the company's development strategy.
The eldest brother Tang Wanli believes that Delong should focus on industry and finance as a supplement.
On the contrary, Tang Wanxin focused on finance and supplemented by industry.
In Delong, it is jokingly called the 'Tang Da Route' and the 'Tang Fourth Route'.
However, the development of industry takes time, and money is far from coming as quickly as the financial market.
In addition, Tang Da stayed in the capital to coordinate the relationship between Delong and the government, staying away from the base camp of Delong Magic City.
So, gradually the entire Delong Group embarked on a financial-focused strategy dominated by Tang Wanxin.
First, develop industrial assets and release good news to raise stock prices;
Second, be a market leader in the stock market, buy low and sell high to cut leeks.
When the old three shares were almost harvested, they acquired three more leek fields, namely Chongqing Industrial, Zhongyan Shares and Tianshan Shares, and continued cutting.
At its peak, Delong had 24,705 shareholder accounts and was truly the largest bank in the world.
But without the support of industry, it will not last long.
If you walk too much at night, you will always encounter ghosts.
Delong finally played himself to death.
"A gambler who soberly creates crises, a madman who dreams of turning volcanoes into gold mines."
Xu Liangliang silently read Caijing magazine's final summary of Tang Wanxin, feeling a little melancholy.
Tang Wanxin and his Delong are almost another version of him and Hongyan.
The same spans finance and industry, and the same spans multiple industries.
(End of this chapter)