Chapter 162 The Collapse of the Capital Empire
The Delong Group has created many myths in the Chinese capital market and has always been regarded as a god.
Before the avalanche, Delong Group owned a total of 177 listed and unlisted companies.
Industrial integration has always been a corporate philosophy that Delong Group is proud of. In just a few years, it has created one merger and acquisition myth after another.
If divided by industry, the assets once controlled by the Delong Department include:
The cement industry with Tianshan Co., Ltd. as the core;
The mechanical and electrical industry with Alloy Co., Ltd. as the core;
The automobile industry with Xiang Torch as the core;
Tunhe, Xinjiang Province Agriculture and food processing industry as the core;
Textile industry with Tianyi Industrial as the core;
The tourism industry composed of Minsk Aircraft Carrier, Great Western Tourism, etc.;
The entertainment industry composed of Xiyangyang Culture, JJ Disco Plaza, Jingcheng Guowu Sports, etc.;
Xinjiang Vermiculite, Lop Nur The mining industry represented by potassium salt;
The retail industry represented by Denong Agricultural Materials Supermarket;
As well as the industry composed of a number of securities companies, trust companies, leasing companies, and urban commercial banks Financial industry;
Papermaking, water and electricity, cane sugar, hotels...
Like a large and chaotic army,
In the complicated relationship, Delong once calmly played the game of 'tear down the east wall to make up for the west' wall' game.
Expensive stock price maintenance, uncontrolled industry mergers and acquisitions, extremely high financing costs...
At the end of 2003, various macro and micro factors pushed the liquidity risk of the Delong Group Going higher, Deron's fragility is unstoppably exposed.
The myth of capital was instantly shattered.
Financial liabilities are 34 billion yuan and industrial liabilities are 23 billion yuan.
Creditors all over the country are like ants on a hot pot, and debt collection teams are crisscrossing the country.
The disputes over loan guarantees are getting messier and more confusing, and the mutual guarantee relationships between related parties are complicated.
It was not until the end of September 2004 that Huarong, which was specifically responsible for the trusteeship of Delong, fired the first shot of Delong's reorganization.
In 2022, a few years after he was released from prison, the old owner of the Delong family, Tang, was once again offered a reward by the Shandong Higher People's Court, with a reward of up to 20 million yuan.
……
Looking at Guo Yang’s surprised expression, Yang Cheng talked about his views on VV soy milk,
“VV soy milk has tended to pursue It is a popular industry with huge market capitalization. Its strategic planning is too casual and ignores the cultivation of core capabilities. "
" Its cash flow is very bad, and it is difficult to repay debts and pay dividends. "
"Not to mention expanding reproduction, even simple reproduction is difficult."
Guo Yang was stunned. He knew that VV was pursuing a diversification strategy, but he really didn't know much about this level.
No wonder Xue Liqiang hides his head and tail when talking about VV soy milk.
It turns out that he also dislikes the poor and invests in the rich.
So Alibaba’s strategy is clear. Don’t wait until you have no money to raise funds. Only with sufficient cash flow can you calmly respond to various environments.
"What's going on with the Delong team now?" Guo Yang asked.
“The reorganization of the Delong Group has accelerated, and its six listed companies are all looking for new owners.
It has been confirmed that Guofang Group will take over ST Tunhe and Huaxia Non-Metal Materials Corporation The company took over Tianshan shares and transferred ST Zhongyan to Hangcheng Baoqun Industrial. "Where is Xiang Torch?" Guo Yang asked.
The first time he came into contact with the inheritance distribution of the Delong clan was because Yu Honghai had the idea of acquiring Hunan Torch.
Among Delong's industrial assets, Hunan Torch is undoubtedly one of the best assets.
In the domestic 15-ton heavy-duty truck market, Xianghuo Torch has already occupied one-third of the world's share after acquiring Shaanxi Heavy Duty Truck.
Shaanxi Heavy Duty Truck has a market share of over 60% in the domestic market for heavy trucks over 15 tons, making it an absolute leader.
Delong holds 205 million shares of Hunan Torch, approximately 51% of the shares.
It is precisely because of Xiang Torch's position in the domestic heavy truck market that more than a dozen companies have participated in its reorganization.
The situation is unclear, and the relevant team estimates that it will take about 1 billion yuan to control Hunan Torch.
Guo Yang naturally rejected Yu Honghai.
Xiang Torch is good, but it takes up too much capital, and Jiahe’s expansion in the agricultural field also requires cash flow support.
How dare you think!
Let’s expand production capacity honestly.
Yang Cheng said: "It's still confusing. It was previously rumored that SAIC would take over, but SAIC refuted the rumors."
"Delong's high-quality assets are not lacking in suitors, but Delong Animal Husbandry has never been interested."
Guo Yang still shook his head. He had learned about the situation of Delong Animal Husbandry.
In terms of assets, Delong Animal Husbandry is of high quality. It owns 7 processing plants across Xinjiang Province, established a dairy company in cooperation with the Xinjiang Corps, and multiple dairy farms.
Three major industrial base layouts have been formed: the northern slope of the Tianshan Mountains, the Ili Valley, and the southern Xinjiang oasis.
It is a very good livestock resource platform.
But the creditor-debt relationship behind it is entangled. If you want to avoid acquisition risks, you can only acquire the physical assets of Delong Animal Husbandry.
But this must be agreed by all relevant creditors.
With the Delong Group collapsing across the board, its creditors have given up their last hope of getting their money back.
The difficulty can be imagined.
Delong Animal Husbandry is like a thorny rose, which makes people envious but dare not touch it.
Many companies that expressed interest in Delong Animal Husbandry, including Guofang Group, Jinniu, Guangming, Yili, Mengniu, etc., all turned away in the end.
No matter what the future of Delong Animal Husbandry is, the thousands of dairy farmers in Xinjiang Province and governments at all levels will suffer the most.
The milk had nowhere to sell, and a large amount of fresh milk was dumped. Most farmers began to sell their cows, losing all their money.
Guo Yang said: "Delong Animal Husbandry is a hot potato. Anyone who takes over may get burned."
Yang Cheng smiled and said, "We have conducted internal research before, and also contacted the Ministry of Agriculture. Delong Animal Husbandry has been suspended for nearly a year, and no one dared to take over."
"Putting it off will only make the Xinjiang Provincial Government To make it even more embarrassing, maybe we can sign an asset leasing agreement with them, and then slowly promote asset mergers and acquisitions and reorganization after production is resumed. "Leasing?"
It’s really possible!
Delong Animal Husbandry affects dairy farmers in border areas, and if it drags on for a long time, it will also have a huge political impact.
Guo Yang thought about the pros and cons of the matter.
Huaxia Dairy is in a troubled time, with fierce competition, a sluggish dairy market, and incidents of inferior milk powder in Fuyang and other places breaking out from time to time.
In terms of the layout of the dairy industry, Jiahe Group lacks sufficient milk sources and food and beverage sales channels.
Delong Animal Husbandry has reached the threshold of the top ten dairy companies in China, combined with Jiahe’s dairy industry layout in the Hexi region.
The problems of milk source and processing have been solved.
Budget another year for leasing and resuming production, publicity and promotion, and establishing sales channels.
Jiahe has enough advantages to seize the domestic dairy market when the dairy industry crisis is ahead of schedule.
The only thing we need to be wary of is the invasion of overseas dairy companies.
As for VV soy milk?
Jiahe doesn’t mind having one more opponent.
Guo Yang already had a rough idea, "You can try to promote it first, starting with the Corps and the Ministry of Agriculture, but don't reveal too many trump cards."
After the work was recognized, Yang Cheng smiled.
"We have already contacted Bingdi Tianyuan Dairy, and the autonomous region government is also trying its best to promote this matter, but the Ministry of Agriculture may need the boss to step in."
Guo Yang looked at Yang Cheng in confusion. .
“Someone above is interested in Tianhe Seed Industry and Alfalfa Agriculture and Animal Husbandry.” Yang Cheng said.
Guo Yang secretly sighed, he could never escape what was coming, so he could only think about how to deal with it and how to obtain enough benefits.
Later, Yang Cheng called Weiguang’s investment team over and held a small meeting together while preparing for the afternoon meeting.
Guo Yang first contacted Xie Shijie, and his two dairy companies were integrated and established: Hexi Dairy Company.
We are also preparing to establish three distribution centers in North China, East China and Southwest China, with an estimated total investment of 250 million yuan.
The first crop of alfalfa forage order revenue of 235 million yuan has been fully received.
The second crop of forage has also been harvested and processed one after another. The Island Dairy Farmers Association also sent people to Wuyuan to confirm the quality of the forage, and will continue to track the quality of the forage processing in the future.
It is estimated that Jinta’s second crop of 100,000 acres of pasture will yield 50,000 tons, and Wuyuan’s first crop of 200,000 acres will yield 100,000 tons.
Excluding the price drop caused by self-use and quality degradation, the order revenue is expected to be around 400 million yuan.
The cash cow without a doubt.
Alfalfa can fully bear the cost of establishing sales channels and does not require blood transfusion from the group company.
In addition, Tianhe Seed Industry is also a cash cow, and Weiguang Company can also respond at any time.
The legacy of the Delong family, Jiahe can really give it a try.
Tunhe has been taken over by Guofang Group.
The rest, Lop Nur Potash Mine and Denong Agricultural Supplies Supermarket, both have great appeal to Jiahe.
It’s just the Lop Nur potash mine. CDI has been planning it for nearly a year. Jiahe has no chance and doesn’t have the strength.
But agricultural supplies supermarkets have great potential.
After communicating with Xie Shijie, Guo Yang called Bi Qiang again, but still couldn't get through.
“I don’t know where I went. I didn’t answer the phone for two days in a row.”
“Biqiang, Bi Qiang, you have to take it easy.”
A whole morning passed.
After changing the office location,
Weiguang Company also set up its own canteen, and its wide variety of dishes won the favor of employees.
When Guo Yang was serving dishes, he could see the smiles on the faces of the employees, instead of being helpless like social animals.
For a moment, Guo Yang felt guilty.
Under his management, employees in the northwest are under greater pressure than those in the capital.
Refreshing and delicious fish-flavored shredded pork, authentic dishes.
Guo Yang thought of the canteens of Alibaba, Wanda and Huawei, whose dishes are all from their organic farms.
As a large agricultural group, the organic farm Jiahe had to be built no matter what.
Two o'clock in the afternoon.
Xue Liqiang and Jia Liang from VV Soy Milk came with their team.
As soon as they met, the tall and lanky Xue Liqiang said jokingly, "Mr. Guo, the saline-alkali land has turned into fertile farmland. Jiahe has brought a cornucopia of treasures!" The banner of soybeans!”
This old guy will give Jiahe a high hat as soon as he comes!
Guo Yang looked at Jia Liang, who was looking aside. He had a kind face, but he was tensed.
“Mr.
"Hey, the demonstration base of Tiandou No. 1 has been built at the door of the 93rd Bureau. The soybean sprouts are neatly sprouting in the saline-alkali land. This is the first time I have seen it."
A few people were walking and chatting, and Xue Liqiang kept saying something along the way. non-stop.
“The United States subsidizes soybeans too harshly.
If the issue of genetically modified safety had not triggered public opinion and non-genetically modified products became popular, domestic soybeans would have been completely wiped out.”
< br>“When it comes to the management of saline-alkali land, no one can compare with Jiahe at home and abroad.”
Intuition told Guo Yang that Jiusan’s demands for grain and oil were not small.
(End of this chapter)