Coquettish Rebirth

This Huachen's shareholding relationship is just so confusing on the surface, but in fact, it is even more chaotic if it is really delved into!Jia Hongjian and the others were a little interested, so they wanted to find out what was going on with Hua Chen, and after asking for information from Liaodong, Jia Hongjian and Ye Jing really got big heads!

First of all, let me start from the beginning. In 91, Fengtian Jinbei was still a municipal state-owned enterprise, and the relationship was managed by the city. Of course, it was wholly state-owned.Then in the second half of 91, Yang Rong came over and said that he wanted a joint venture. The people in the local government were also bold, and they actually agreed.Then Yang Rong invested part of the capital, and the two parties jointly established a new company, namely Fengtian Jinbei Bus Manufacturing Co., Ltd.As for the reason for Yang Rong's investment at this time, it is naturally impossible for him personally, because the domestic environment at that time was still not very smooth for the cooperation between state-owned enterprises, private enterprises and even individuals.Yang Rong was not the Jia Hongjian a few years later, he didn't think about solving it from the top, but took the path of a fake foreign company - he went to Hong Kong and registered a name called Huabo Finance Company, and then Taking such a brand of Hong Kong capital to come to the joint venture, so that the local government will naturally have a better face, the political risk is not big, and it dares to sign the contract.

Then, at that time, Yang Rong had no money. To put it bluntly, Huabo was actually a leather bag company. He persuaded a state-owned trust company such as Huayin Trust in Nanhai Province to participate in a share, and Yang Rong paid for the rest.So when we first established such a joint venture company, the shares were 60% state-owned, Yang Rong 25% and Huayin 15%.Then a few years down.The company is doing a good job in small passenger cars, and it is not bad to attack the small passenger car brands under FAW, and it is also good to mix in the domestic market.Yang Rong took the dividends he got and bought 15% of Huayin's shares. At this time, Jinbei's shares were 60% for the state and 40% for Yang Rong's company, Huabo.

Then in 92, Yang Rong began to want to go public in the United States for financing, because all his money was used to buy shares, and the company needed further investment for further development. He couldn't afford it, so he tried to go to Bermuda to register one company.called "Bermuda Holdings Limited".This is the predecessor of a company such as "Huachen".Yang Rong transferred his 40% shares in Huabo to Bermuda Holdings, which is Huachen, or rather, Yang Rong asked his Huabo to invest in the establishment of such a Huachen, and then took 40% of Jinbei shares as Make their investment into it.Then, Yang Rong also persuaded the local government to transfer 60% of the 11 shares in his hand to Bermuda Holdings.That is Brilliance.So such a Huachen owns 51% of the shares of Jinbei.

And it is impossible for the Fengtian government to give Yang Rong 11% of the shares in vain and let him take the majority?But Yang Rong has no money.What should I do?So Yang Rong exchanged 21.57% of the shares of Huachen, an overseas leather bag company, to the Fengtian government.So inside Huachen, the parent company of such a leather bag that holds a 51% stake in Jinbei.Yang Rong's Huabo accounted for 78.43% of the shares, while the Fengtian government held 21.57% of the shares.In this way, through simple calculations.Since the Fengtian government holds 21.57% of Huachen's shares, and Huachen holds 51% of Jinbei's shares, the Fengtian government's share of Jinbei through Huachen is 21.57% multiplied by 51%, which is exactly 11.0007%. It is equivalent to exchanging 11% of the shares to the local government, and the local government is equivalent to controlling 60% of the shares of Jinbei, right?Because in addition to Huachen, the local government itself also owns 49% of Jinbei's shares.

Then operate such a gold cup, or in fact, it is the process of the listing of Huachen, the parent company of the leather bag, in the United States.Yang Rong suddenly had a whim, he made Huachen listed in the United States, in fact, he created a shell for Jinbei, a state-owned enterprise, to collect money in the United States. The problem of the loss of state-owned assets.But if such a shell company, Huachen, whose largest shareholder, Huabo, is actually a private company in Hong Kong, and has not had any performance before, is there any publicity gimmick for this?At most, it can be said to be a Chinese concept stock!So Yang Rong thought, can this Chinese concept stock be made into a Chinese state-owned enterprise concept stock!It needs to be linked to a powerful institution like the state, so that Americans can feel that the company cannot be dumped, and then buy stocks one after another, right?

So Yang Rong pulled his Huabo, the Education Department of the Central Bank, and several other state-owned agencies to jointly establish such a non-governmental organization with government background-China Financial Education Development Foundation.Then, through operations, Yang Rong injected 78.43% of Huabo’s 75% shares in Brilliance into the foundation, which means that Huabo will have nothing to do with Huachen in the future, and then The remaining 3.43% of the shares became owned by Yang Rong himself and his relatives and friends.In the future, the shareholder with 75% shares of Huachen will be the Financial Education Development Foundation, and the minority shareholder will be the Fengtian government.But can Yang Rong give away his assets for free?So after the operation, the foundation, which is actually an empty shell, naturally handed over all Huachen's shares to Yang Rong to take care of the operation.That is to say, the foundation actually controls Huachen, but Yang Rong, a minority shareholder who owns less than 3% of the shares, fully controls and operates such a large share!

It seems that Yang Rong gave his shares to a non-governmental organization foundation for nothing, and Yang Rong is not the boss of such a foundation, is he too greedy?In fact, everyone knows that this foundation is just a shell!To put it bluntly, the foundation receives Huachen’s dividends every year. As long as a small number of people "sponsor" relevant people and send them over as their "work" wages in the foundation, those relevant people will control how Yang Rong handles the rest. money?So the rest of the money, Yang Rong, should be paid to himself as a salary, right?So this is standard trickery!The ownership seems to belong to an NGO with a national background, but in fact the interests belong to Yang Rong himself!This is a bit like the relationship between face and lizi.But this face is very important, because it is written in black and white in the contract that the shares belong to others.In the future, one day this foundation will turn its back on customers and kick Yang Rong directly, then he can get Hua Chen in a fair way!Because such a contract itself was created by Yang Rong himself!

It's like a boss who was sued. In order not to lose money, he shut down the company and gave all his assets to relatives and friends.On the surface, it was given to relatives and friends, and even the things were really given to relatives and friends, but in fact, when the matter is over, relatives and friends return the things or lend them for use, so the court can't do anything about it.But what if one day relatives and friends realize that the writing is all under their own name... what if they don't want to "borrow" it to this boss?Is this boss still going to court to sue others for illegal embezzlement?impossible.Such an idea was thought up by the boss!He himself gave the things in black and white to others!People do not occupy is friendship.If you take it, there is nothing you can do!

Then, in the process of going public in the United States, Huachen sold 27% of their company's shares for circulation, raising 8000 million US dollars.And then, in general.the rest of the shares.The foundation owns 55% of the shares.The Fengtian government owns 15% of the shares, adding up to 70%, and the remaining 3% is owned by various vest companies of Yang Rong and his relatives and friends.Is this equity already confusing enough?Then Yang Rong slowly developed Jinbei or Huachen over the past few years.Although the world has contacted various giants for cooperation, and even contacted GM, it is necessary to cooperate with the Saab brand in China.But who knew that at this moment, Yang Rong wanted to move the new joint venture factory to eastern Zhejiang!

This in itself is enough to stimulate Nagata in the Northeast. As a result, Yang Rong not only wants to get rid of the new factory, but also seems to have a big plan that others don't know-such a Huachen now includes Jinbei and so on. It was a mess, and in the end all assets totaled 6 million U.S. dollars. This is not cash, but the total property is 6 million U.S. dollars.But the cooperation he talked about with GM is to invest a total of 18 billion US dollars to build a factory in eastern Zhejiang!what does that mean?Either Huachen itself can only take one-third of the shares in such a new factory, or Yang Rong has to find money elsewhere for financing, and it is necessary to further dilute the proportion of state-owned funds in Huachen!

Although on the surface it seems that there is real investment, even if the proportion of state-owned funds is diluted, it is nothing.But when the Northeast already suspected and distrusted Yang Rong, and knew that Yang Rong had a lot of tricks, he often escaped his shell and often used fake shells to fool people.So what if Yang Rong "borrowed" these found funds, but came to invest in the name of other companies, and after working for a few years, Yang Rong relied on "repaying the money" to buy the other party's shares?Then after selling it to the Americans, did Yang Rong run away by himself?Although it seems that there is nothing wrong with doing this in a hurry, the problem is that Yang Rong has a lot of evil ideas. Who knows if he has some evil intentions in the future?Is it because the local government is being played like a monkey, sold by him, Yang Rong, and counting the money for him?Besides, the new factory is going to the east of Zhejiang, is this going to make a fuss?The economy in Northeast China has not been very good in the past few years. Even with the help of Huaxia Hi-Tech, there are still a large number of industrial people leaving to work, and various enterprises are in a downturn.How good would it be if the joint factory between Ford and Huachen was located in Northeast China?How many local laid-off and reemployment problems can this solve?How much land tax revenue will this bring to the local area?

So all of a sudden, the local people feel that they have worked so hard to raise a hen that lays golden eggs, but this hen is not familiar with it at all, just like a white-eyed wolf, who actually wants to go to another yard when he grows up. My own family has laid golden eggs!Who can stand this?So Fengtian found the province to sue, and the province went to the central government to sue - don't forget, the foundation itself has written in black and white that Yang Rong doesn't have many shares!This share in black and white belongs to the country!So once Liaodong Province filed a complaint, those officials who originally received their "salaries" from the foundation certainly didn't want their affairs to be revealed!So as soon as Liaodong Province went to sue, these "relevant personnel" immediately expressed their willingness to transfer the shares owned by the foundation to Liaodong Province!In this way, the meritorious atonement?Besides, these people just received an extra salary from Yang Rong. First, they didn't help Yang Rong as a protective umbrella to cover up any criminal facts, and second, they didn't give Yang Rong the green light to release water. It's just helping Yang Rong to fool American investors.But if you don't understand the general situation and current affairs now, isn't it looking for a beating?

So all of a sudden, the central government issued a document. The 55% of Huachen's shares actually belonged to Liaodong Province, but the specific contract hadn't been signed yet, and the remaining 15% of the shares belonged to Fengtian City. Then such a Huachen As for the gold cup below, Fengtian City owns a large stake!However, although Liaodong Province has actually controlled the equity, they don't want the equity to remain in a mess, so they want to use a new situation to control the equity. At the same time, Saab's affairs may be serious, so they also need to find new investors. Be a shareholder!So, they found Huaxia Hi-Tech!So, is Jia Hongjian from Huaxia Hi-Tech interested in this Hua Chen? (To be continued..)