Chapter 289 Take over Zhongchu Machinery Group!

In late October, the 19th National Congress of the Communist Party of China successfully concluded, and Shang Zhongyuan was elected as a member of the Central Committee. Zheng Wentong called Shang Zhongyuan to congratulate him. Even if the banking and insurance system merged next year, Shang Zhongyuan will still be the first deputy.

The management team of Xili Group flew to Nanjun City to meet Zheng Wentong, Vice President Qian Huichuan, Financial Director Zhong Yiqi, Investment Department Manager Chen Dong, Executive Director Liang Hui, Chairman Secretary Xu Ru and other senior executives were all here.

The group of Xipo Group stayed at Wanda Crowne Plaza Nanjun City. Zheng Wentong first convened the management team to hold an internal meeting.

"The Slope Group will have four major businesses in the future, including the Internet, new energy vehicles, finance and biomedicine. Whether the bid for Zhongchu Machinery Group this time will directly affect whether our group's car manufacturing project can be successfully implemented. As the main investor, the Slope Group will also share some of the pressure."

"Unlike Jinfeng Jewelry, the funds we bid for are all their own funds, and we do not use bank loans. When our new energy vehicle project is ready to start, the bank will give us a green light in terms of funds." Zheng Wentong said.

Many local governments in China have followed the trend to launch new energy vehicle projects. Many car companies have not even built a sample car. They have raised more than one billion yuan with dozens of pages of PPT alone, and obtained billions of bank loans and land provided by the government.

Zheng Wentong did not use car manufacturing to make money and land. He did plan to spend time and energy to build a high-end electric vehicle project belonging to a Chinese brand. He could survive in the automobile market without relying on the country's new energy vehicle subsidies. If most domestic new energy vehicle companies cancel the national subsidies enjoyed by new energy vehicles, at least nine of the ten car companies will go bankrupt.

At the end of October, the slope group formally submitted a bid for the acquisition of Zhongchu Machinery Group to the Nanjun Municipal Government. Zheng Wentong met Lin Xiangwei of Jinfeng Jewelry again.

The bids for Jinfeng Jewelry and Mingzhou Huaxiang have also been submitted. Nanjun Mayor Wen Zhonghua said that he would organize a project review expert group to score the bidding plans of the three companies, select the best plan, and announce the bid results as soon as possible.

At this time, Lin Xiangwei felt that the overall situation was settled and said to Zheng Wentong: "Mr. Zheng, I originally wanted to join forces with the Slope Group to complete the bidding. Who knew that Mr. Zheng was interested in intercepting my project. In Puhai, we Jinfeng Jewelry is an outsider and cannot compare to your Slope Group. But in Nanjun, we Jinfeng Jewelry is the host. This is called a strong dragon and hard to defeat local snakes."

Zheng Wentong laughed, "In my impression, Jinfeng Jewelry has no investment projects in Nanjun City, and Mr. Lin himself is not from Nanjun. What kind of local snake is this? The bidding results have not been announced yet. I advise Mr. Lin not to be happy too early. There is a saying that it is not a Raptor but a river."

Lin Xiangwei looked at Xu Ru who was standing beside Zheng Wentong and snorted, "I am not interested in competing with Director Zheng now. This is not a debate competition. Whoever has a loud voice wins, after all, it will be a big deal in the business world."

Zheng Wentong said to Lin Xiangwei: "Mr. Lin is right, but our Slope Group is optimistic about lithium battery technology, and Jinfeng Jewelry bets on hydrogen energy vehicles. This is a dispute over technical routes. Different ways are not to work together. Our two companies have no room for cooperation. Mr. Lin's previous actions when he colluded with the trust company to raise the bid for Jiang Chuyu also made me doubt President Lin's sincerity in cooperation. No one in the capital market welcomes barbarians."

Lin Xiangwei sneered, there are a few wealthy people in China who have made a fortune of 10 billion yuan, and there are also many people who have made a fortune. If you, Zheng Wentong, hadn't been lucky enough to sell the game company to Microsoft, what would you use to acquire Zhongchu Machinery? When you acquired Xiaoma Pentium and drove all the Li family out of the company, the methods you used were not necessarily brilliant. Why bother laughing at 50 steps?

Lin Xiangwei manipulated the two companies at the same time in 2016 and raised the bid for Jiang Chuyu. The regulatory authorities found that the two companies held shares and had intersected positions. Since they were joint actors, they were joint actors. Later, Lin Xiangwei's plan to buy shells was blocked. If Lin Xiangwei successfully bought a shell last year, he would use this shell to speculate the stock price to the sky and use the A-share market to make money and profit.

It was precisely because of the failure of the shell buying plan that Lin Xiangwei focused all his attention on bidding for Zhongchu Machinery Group, for Zhongchu Bearing, a listed subsidiary. In order to convince the Nanjun Municipal Government and Zhongchu Provincial State-owned Assets Supervision and Administration Commission, Lin Xiangwei also invested in the hydrogen energy industry early, trying to tell a capital story about the strong alliance between the automobile industry and the hydrogen energy industry.

In early November, the Nanjun Municipal Government and the State-owned Assets Supervision and Administration Commission of Zhongchu Province announced the bid results of Zhongchu Machinery Group. Lin Xiangwei's Jinfeng Jewelry bought 99.97% of Zhongchu Machinery Group's equity for a quotation of 7 billion yuan and successfully acquired the controlling stake in Zhongchu Machinery Group. Lin Xiangwei's Jinfeng Jewelry ranked first in the expert jury's score.

Zheng Wentong's Slope Group invested 5.6 billion yuan, and the second score was the second score for buying 80% of Zhongchu Machinery Group's equity, Mingzhou Huaxiang invested 3 billion yuan, and the third score was the third score for buying 50% of the equity. According to the agreement, after the bidding is completed, the bidder of the project will need to pay the final payment for the transaction.

Lin Xiangwei couldn't wait to hold a press conference in Nanjun City, announcing that Jinfeng Jewelry has begun to transform and officially enter the new energy vehicle market. The first hydrogen-powered electric vehicle produced by Zhongchu Machinery Group is expected to officially meet all consumers by the end of 2018.

Xu Ru told Zheng Wentong an interesting story, "I don't know if it was intentional or unintentional. Last time I met Mr. Lin from Jinfeng Jewelry outside the hotel. He also asked about my work in the slope group. I patiently responded to him, and he actually proposed to let me change jobs and go to work in Jinfeng."

Zheng Wentong was surprised, "Does he not understand your situation? How could you, a Puhai native, come to work in Jiangchu or Nanjun? Did he remind me from the side that I should pay you a salary?"

Xu Ru smiled slightly and did not respond to Zheng Wentong's question positively. When the boss asked whether you should pay a salary, there was no need for employees to respond to the boss's question, because whether to add or not, it depends directly on the boss and has nothing to do with your own answer.

If you think your work performance deserves better salary, then you should take the initiative to mention it to your boss. It is his business for the boss to agree or not. As long as you don’t mention it, most bosses will not take the initiative to pay employees. After all, good Chinese bosses like Zheng Wentong are a minority.

This is why employees of major Internet companies like to change jobs. Because if you don’t jump, your salary will not increase. If you jump a few times and then return to your original company to work, your salary has increased by one or two times. If you have been working in the original company, your salary will not increase by more than 50% in a few years.

Of course, Xu Ru could not accept Lin Xiangwei's job invitation, and the look of Lin Xiangwei looking at her made Xu Ru feel uncomfortable. Due to the nature of the work, Xu Ru has also met many rich people, and most of them can maintain superficial etiquette, but Lin Xiangwei cannot even do this.

Just as Lin Xiangwei and Jinfeng Jewelry celebrated each other, Lin Xiangwei ushered in a head-on blow from Zheng Wentong. Jinfeng Jewelry's financing institution Sihai Trust had doubts about the authenticity of the gold pledged by Jinfeng Jewelry to Sihai Trust and asked to open a warehouse for inspection.

After learning the news, Lin Xiangwei strongly opposed Sihai Trust's random inspection of gold provided by Jinfeng Jewelry.

Lin Xiangwei said that he pledged a batch of 10,000 yuan in gold. On the day of the warehouse, PICC Property and Casualty Insurance conducted random inspections on gold. Jinfeng Jewelry, PICC and Trust Company were present. More than a dozen people supervised and recorded the video. Jinfeng Jewelry's trust loan was not overdue, and Sihai Trust had no reason to conduct a secondary inspection of the pledged gold.

Lin Xiangwei’s meaning is very simple. I will pledge you a batch of gold now. You Sihai Trust has given me a batch of loans. I am now replacing your loans. What reason do you have to check the gold I provide again?

Originally, Sihai Trust provided false gold pledges for Jinfeng Jewelry, which was skeptical. Lin Xiangwei's attitude actually increased Sihai Trust's doubts. In the end, Sihai Trust forced the gold provided by Jinfeng Jewelry and found that it was actually Jinbaotong. Other trust companies that had previously jointly loaned Jinfeng Jewelry were completely stunned and forced them to report the case to the competent agencies and public security organs. Lin Xiangwei and Jinfeng Jewelry's management were suspected of huge loan fraud and were controlled by relevant departments.

The media were completely shocked by the case of fake gold involving hundreds of billions of dollars. What puzzled everyone was how did this huge amount of gold escape the supervision and inspection of numerous gazes and successfully concealed the truth?

Bai Xiaolu also paid attention to this fake gold case. She asked Zheng Wentong what happened. Zheng Wentong said: "The so-called layer-by-layer supervision is actually just by connecting several key figures, they can pretend to be ignorant of the authenticity of gold."

"Our boss Lin's idea is very simple. First use fake gold to raise funds, buy Zhongchu Machinery Group, and then use capital operations to return the loan from the trust institution, and then release the gold. In this way, no one knows whether this batch of gold is true or false. I would also like to thank Zheng Jun. If he hadn't come forward to say hello to the leaders of Sihai Trust, they would not be able to overcome the resistance and forcefully detect the authenticity of gold."

Zheng Jun is the general manager of Sihai Life Insurance. The relationship between Sihai Life Insurance and Sihai Trust is relatively close, and the two parties also have a lot of business exchanges and cooperation. If Zheng Jun had not come forward, it would be difficult for these trust institutions to come forward to test the authenticity of gold by Zheng Wentong alone.

However, this fake gold case is a timely stop loss for these trust institutions. If Lin Xiangwei squanders all the trust loans, each of these trust institutions will have to bear at least a huge loss of hundreds of millions of yuan. Huaxin Financial Holdings, a subsidiary of Slide Group, has taken advantage of the situation to apply for a license for Huaxin Trust. This fake gold case scared the regulators of the trust company.

Since Lin Xiangwei's Golden Phoenix Jewelry cannot perform its investment business, the second-ranked Slope Group will naturally become the new controlling party of Zhongchu Machinery Group. The Slope Group also owns the second listed subsidiary Zhongchu Bearings. Zheng Wentong's trip to Nanjun finally achieved a successful result.

This month has ended, and the typing situation of this month is indeed unsatisfactory. Those who owe Zhang Shenma can only be left for next month.
Chapter completed!