Chapter 156 Participating in the listing of shares(1/2)
Chen Lidong has no time to care about the warmth and warmth of Donghua Electronics.
Chen Shujian said he went to Lucheng, but he had actually been there for some time.
In March, Wang Jiaqi told Chen Lidong that there was a problem with the rare earth supply of Celeron Company, and it was suspected that it was sniped by Kong Yilin.
Subsequent investigations basically verified the conjecture.
In southern Jiangxi, the development of the rare earth industry can be described as "barbaric growth". Problems such as private excavation and indiscriminate mining, destruction of vegetation, imbalance of water and soil, and environmental pollution have become very prominent.
Moreover, profit-driven, unlicensed mining and resource destruction cannot be banned.
At the grassroots level, it is common to turn a blind eye for the sake of political performance and tax revenue.
There are also some places where advantageous resources are controlled by evil forces, who rob the resources and fight with each other.
The mining industry is like this, and the market channels are not standardized.
After Li Siyuan took people there, he learned that since last year, the rare earth market has transformed into a buyer's market. The sales of rare earths in southern Jiangxi have been controlled by a few people, including many foreign capitals. Some companies such as Sun Country, Sam Country and Liuqiu have played a role.
As a result, the original supplier was instructed not to sell neodymium oxide to Celeron.
Afterwards, Li Siyuan visited the Ganzhou Nonferrous Metals Research Institute and Ganzhou Metal Smelting Plant in the name of Donghua Group, and reached an intention to cooperate with them. He was able to receive neodymium oxide and other refined rare earth metals at a slightly higher price.
The Minister of Information took over the affairs of the Procurement Department, which can be regarded as a model of "division of labor among departments without separation of family".
Donghua arranged for people to go there this time, with Li Siyuan in the light and Zhou Wenliang in the dark.
After returning, Zhou Wenliang, who was developing towards an angry youth, wrote a manuscript and sent it to Chen Lidong via email. The title was "Covering Heat and Chaos - Thoughts on Regulating China's Rare Earth Industry."
Zhou Wenliang believes that there are many problems in the current domestic rare earth market, which can be described in 16 words: too fast development, out-of-control total volume, falling selling prices, and low efficiency.
Another aspect of the problem is capital control, price-cutting exports, profit transfer, and disordered management.
Zhou Wenliang suggested integrating the domestic market, uniting as one, and unifying the external world.
After Chen Lidong read it, he smiled and sent a message back to Zhou Wenliang: The material is well organized and can be anonymously submitted to relevant media. Whoever dares can publish it. We ordinary people can't worry about the emperor's affairs.
In fact, Chen Lidong also has a solution when there is a shortage of neodymium oxide.
Because he has an industrial assistant, he can just produce the refined neodymium element directly. However, the amount of element neodymium in the recycling system is very small. Those accumulated from recycling neodymium iron boron waste were used by Chen Tianyi to create permanent magnet materials using a three-dimensional printer.
Supplied to motor factory.
Moreover, to make NdFeB permanent magnet materials, not only rare earth neodymium is used, but also rare earth materials such as praseodymium, cerium, lanthanum, antimony, terbium, and dysprosium are also appropriately added.
Therefore, if Donghua Motors wants to become bigger and stronger, it is necessary to find a solution from the source.
So Chen Lidong arranged for people from Donghua Investment to go to Lucheng.
Lucheng has China's largest rare earth mine. According to authoritative authorities at the time, Lucheng's rare earth reserves account for more than 80% of the world's known reserves.
The trip to Lucheng was also invited by the other party.
At the beginning of the year, the Mongolian provincial government approved Lucheng Iron and Steel Company's request for instructions to establish Lugang Rare Earth High-tech Co., Ltd. through raising funds from Lugang's rare earth plant and mineral processing plant together with other sponsors.
The listing of Lugang's joint partners is actually to complete the listing tasks of the province and city.
Other provinces and cities have companies listed on the market, and Mongolia must also have one, and if you go public you can make money, so let’s go for it.
The leaders of Mongolia Province looked through the list and found that only Lugang could offer it, so Lugang should be the one to take the job.
Lugang didn’t quite understand how to run a listed company, so it took the Third Rare Earth Plant and the Ore Processing Plant as the listing entities.
After entering the process, the people from the accounting firm made an opinion as soon as they saw it. Your two factories are stupid, big and clumsy. How can they be regarded as high-tech enterprises?
To cheat money...to sell stocks on the market, you need to be high-profile.
Then someone came up with the idea that the joint-stock company must involve other shareholders. It's not like you only have two factories in Lugang. Let's find a partner.
So, in early April, Lugang invited Sanhuan Hi-Tech from the Chinese Academy of Sciences and called Celeron Company to invite it as a partner to jointly establish a joint-stock company.
After Li Taishun reported the situation to Chen Lidong, Chen Lidong did not send anyone from Sai Yang to attend the meeting. Instead, he appointed Liang Guoying to represent Donghua Group.
After Liang Guoying passed by, he had no sense of presence at all. He was almost always regarded as an entourage of other companies. Even when signing in for a meeting, Liang Guoying signed as Donghua Group, which did not attract the attention of the meeting organizers.
It's strange. In this era, the Internet is underdeveloped. People think that no one from Celeron attended the meeting, and Donghua Group is some inconspicuous small company, right?
When attending the meeting, because Liang Guoying was pink and tender, no one was familiar with her. Even Jin Liqiang from Sanhuan Hi-Tech did not know that anyone from Donghua Group was present.
In June, the preparatory committee of Lugang Rare Earth High-tech Co., Ltd. called Celeron Technology again and asked Celeron to send someone over again to discuss equity participation.
Liang Guoying attended again and was authorized by Chen Lidong to show his face.
The result was different from the last time I attended the meeting.
At this meeting, there were very few people present, and almost the only outsider was Liang Guoying!
What's going on? Because others don't want to get involved.
Participating in stocks is not just a matter of words, it involves real money.
You use a disgraced mine and refining workshop to go public, and outsiders can only put on a show and have to pay you? Why?
The people at Lugang also knew what the situation would be like, but someone recommended a Jiajia company from Dongzhu to participate in the joint stock market. With the support of the joint listing, they were already confident.
But unexpectedly, Donghua Group appeared again.
Okay, let’s count you as a share.
The host asked Liang Guoying: "How much capital is your Donghua Group prepared to contribute? How many shares will it occupy?"
Liang Guoying asked: "How much does Jiajia Company pay?"
Jiajia’s representative replied: “Let’s hold 10% of the shares.”
Liang Guoying, young and energetic, said: "Then we will also account for 10%."
After calculation, Lugang Rare Earth High-Tech is expected to have a registered capital of 800 million yuan, and Donghua Group needs to come up with 80 million yuan.
Liang Guoying felt a little sweat on his back. He said that 80 million was not worth it, so he had to call Chen Lidong.
Chen Lidong instructed: "Promise first."
When Donghua started selling electronic products, preparations for the listing of Lugang Rare Earth Hi-Tech were also in full swing.
In mid-July, the accounting firm reviewed the assets of Lugang Rare Earth Hi-Tech again, and it was time to spend real money.
The money from the bank had not yet been received, but Chen Lidong was ruthless and prepared to withdraw 80 million from various companies in the group and send it there.
Not only did the money pass by, but people also followed it.
Lucheng is an important hub connecting North China and Northwest China. It is the largest industrial city in Mongolia Province, an important basic industrial base in China and the global light rare earth industry center. It is known as the "Prairie Steel City" and the "Rare Earth Capital".
Lugang is one of the earliest steel industry bases built after the founding of the People's Republic of China.
According to information provided by Liang Guoying, Lugang produced 3.8 million tons of iron and 4.05 million tons of steel last year, achieved sales revenue of 9.6 billion yuan, and paid 1 billion yuan in taxes.
Compared with others, Donghua Steel is indeed a little brother.
However, it is said that Lukang has 140,000 employees, and Donghua Iron and Steel has less than 6,000 employees at home and abroad. This makes me feel comfortable.
This time we went to Lucheng, the team was a bit large. Chen Lidong and Edmund were inseparable. The Finance Department, Strategy Department, Legal Department, Engineering Department and investment companies all sent key personnel to participate.
Two Cadillac sedans and two GMC commercial vehicles formed the fleet.
The car was a wedding gift from Andre and Mary to Chen Lidong. It was placed under the name of Saiyan Company and had a black brand on it.
The two GMC commercial vehicles are the 1996 new sa.vana. This car has a large body and a large space. It is designed with 5 rows of seats and can seat 15 passengers. The doors have been sliding, and they have the "business" function.
"Star" style, in this era, only Dodge Ram and Ford Club can compare with it.
The two cars given to Chen Lidong have been modified, and the cockpit has been separated. In the passenger cabin, there are only two rows of seats, air conditioners, refrigerators, and CD players. When you enter, it feels like you are in the living room.
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The two front seats are equipped with recreational vehicle conversion devices, which are rotating seats. On a smooth road, four people can play poker and mahjong.
Edmund sat in the co-pilot, and Chen Lidong, Wang Zhiyong, and Wang Jiaqi sat in the back cabin. They were fighting against each other along the way. They ran fast and it was not too boring.
Lanshi is thousands of kilometers away from Lucheng, and the Beijing-Tibet Expressway has just started construction. Taking the national highway will take more than one lap, which is 12 hours.
In fact, it’s fastest to take a taxi/fly/fly there, but taking a car there is a convenient way to do things there, and you can also enjoy the prairie by car.
The group set out in the early morning and arrived at around 6 o'clock in the evening.
In summer, it gets dark late.
After getting off the North Ring Road in Lucheng, Chen Lidong was frightened by the majesty of Lugang.
In the 1960s, there was a movie "Morning Song of the Prairie", which filmed the story of the older generation of Lukang builders fighting against heaven and earth to start a business.
Chen Lidong has not seen the movie, but he has heard the theme song of the movie with the same name and can hum a few lines. When he was in school, he also learned the text "Little Sisters of the Prairie", which also takes place in this area.
The lush pastures and sparse sheep along the way had already made his eyes tired.
The convoy circled from the north side of Lucheng to the west side, and suddenly turned south. A steel city appeared in front of them. It was different from the flat grassland just now, and it did have an abrupt feeling.
In the field of vision, dozens of chimneys pointed to the sky. It was unknown whether they were power plants, steel plants, or other factories. The billowing smoke covered the sky.
After getting closer, it seems to have entered a fairyland. Factories, workshops, roads, trees, vehicles, and pedestrians are shrouded in light mist.
After walking for a few minutes, we drove into Steel Street, and it was clear and bright again, and green appeared again.
After walking for about two kilometers, we turned right and entered the company compound of Lugang Group.
To be continued...