Rebirth of the Wild Age
Text Volume 319 [Investing in Minsheng Bank]
Shenghai's first commercial shooting range opened to the outside world is in Pudong. At the beginning, it only had shooting events. Three years ago, it launched a paintball event.
This thing will be very trendy after 10 years. Everyone wears camouflage uniforms, shoots at each other with paintball guns, and even has wooden handle grenades. Although only one map of Plain Guerrilla Warfare has been released so far, and the new version will not be updated until a few years later, it still makes the Shanghai elites, foreigners and foreign businessmen in Shenghai enjoy it.
I heard that a golf course is planned to be built here, anyway, it is a place for rich people.
Ooh, ooh, ooh, ooh!
Song Weiyang put on his earphones and emptied a box of bullets. Two of the bullets missed, one was close to the bull's-eye, and the rest hit the edge.
Xiao Song, you can't do this. Liu Yonghang laughed loudly.
Song Weiyang handed the gun to the staff to reload, and asked, Why is Brother Liu suddenly interested in shooting guns?
I was invited by a friend to shoot twice, and it was quite interesting. Liu Yonghang started to shoot the target as he spoke, and his results were better than Song Weiyang's, at least he didn't miss the target.
Song Weiyang waited for him to finish, and asked, Where is today's protagonist?
Liu Yonghang said, I don't know, maybe there's a traffic jam.
Song Weiyang asked: How many shares does he plan to transfer?
About 30 million shares. Liu Yonghang said.
Not enough. Song Weiyang said.
Let's eat it first. Liu Yonghang said with a smile.
The two were talking about the shares of Minsheng Bank. As the Chinese market as a whole has turned cold and business is not doing well, many shareholders are thinking about reducing their holdings and cashing out.
From 1998 to 1999, in less than a year and a half, more than 20 equity transfer events occurred, involving more than 600 million shares. Of the top 20 shareholders of Minsheng Bank, only 5 increased their holdings, 3 remained unchanged, and the rest were reducing their holdings. Some simply emptied out, and some were even forced to auction (the related loans could not be repaid).
The Oriental branch was able to gain a firm foothold in Minsheng Bank because it bought 60 million shares from the compulsory auction.
After the staff loaded the magazine, Song Weiyang threw the gun to Hong Weiguo: You come!
Hong Weiguo didn't wear earphones either, just raised his hand to shoot, seven rings. Then another shot, eight rings. All the remaining nine rings and above, occasionally hit the bull's-eye. He said: I haven't played with guns for a few months, and I'm a little novice.
Not bad. Song Weiyang praised.
Papa papa!
Liu Yonghang applauded again and again, and said to Song Weiyang: This brother is amazing, has he been a soldier before?
Hong Weiguo glanced at Song Weiyang, and after receiving Song Weiyang's instruction, he said, I have been a soldier for several years.
At this moment, a middle-aged man in his 40s was brought over by the staff, he shook hands warmly and said, Oh, Mr. Liu, I haven't seen you for a year, but I still look good.
Hello, Mr. Chen, Liu Yonghang introduced, this is Song Weiyang, the boss of Xifeng Company and Shenzhou Technology. Xiao Song, this is Chen Yuanchao, the deputy general manager of Yitong Group.
Hello, Mr. Chen!
Boss Song, I have admired your name for a long time!
Liu Yonghang smiled and said, Let's talk, I'm the middleman.
Since Mr. Liu is quick to talk, I won't let you down, Chen Yuanchao said. We plan to transfer 30 million shares. Can Boss Song buy all of them?
Song Weiyang said, No problem.
Chen Yuanchao asked, What about the price?
Song Weiyang said: When Minsheng Bank was first established, the price per share was 1 yuan. Now I will give you 1.5 yuan per share.
Chen Yuanchao said with a smile: This is too dishonest.
Song Weiyang said: Minsheng Bank has too many affiliated loans and a lot of bad debts, so it's not easy to sell.
Before I came, our group's senior management had a meeting to discuss that each share should be worth at least 3 yuan. If Boss Song doesn't show some sincerity, I might have to go home directly. Let me give you the highest price. Chen Yuanchao said.
1 yuan 8. Song Weiyang said.
Chen Yuanchao said with a smile: Then I will report the price to the company. As for whether we can cooperate smoothly, we have to wait for the results of the internal discussions within the group.
Then why just play with guns today, and don't talk about anything else. Liu Yonghang said.
At this time, the largest shareholder of Minsheng Bank is neither Oceanwide nor Hope, and the Oriental branch has not even entered the market. The major shareholder is Yitong Group in front of it. The headquarter of this group is located in Shencheng, machinery manufacturing, fuel energy, food and beverage, foreign trade... all kinds of businesses, and it also expanded aggressively last year, which was a bit overwhelming.
Yitong Group currently only intends to transfer 30 million shares, and in the next two to three years, it will completely clear out its shares in Minsheng.
Equity transfer is a big matter, so naturally it is impossible to negotiate it in a few words, today is just a preliminary contact.
On the contrary, Liu Yonghang directly transferred 5 million shares to Song Weiyang at a price of 1.8 yuan per share. Song Weiyang took over in the name of Xifeng Company and became a minority shareholder of Minsheng Bank, accounting for 0.36% of the shares.
Liu Yonghang is now the shareholder representative of Hope Group in Minsheng Bank, while his third and fourth younger brothers joined the company around 1999. The fourth brother Liu Yonghao even became the largest shareholder in 2000, holding 9.99% of the shares.
Forming cliques, Song Weiyang doesn't want to stand out, so he just needs to wave the flag and shout along with the Hope Department.
Another half month later, Chen Yuanchao contacted Song Weiyang on the phone, saying that someone offered 2.4 yuan, and asked Song Weiyang if he would follow up.
Song Weiyang said directly: I can buy it for 2.5 yuan, but at least 60 million shares.
Another week later, Chen Yuanchao called and said, The contract can be signed.
Song Weiyang immediately flew to Shencheng, and called his father, and after reporting to the board of directors of Minsheng Bank, he took the 60 million shares. Including the previous ones, the total is 65 million shares, which can already be ranked in the top 15.
However, Song Weiyang is very scattered. Xianjiu Group holds 1.3% of the shares, Shenzhou Technology holds 1.3% of the shares, and Xifeng Company holds 2.1% of the shares.
If you ignore the relationship between the three companies, it's really not very eye-catching.
However, Yitong Group suddenly reduced its holdings by 60 million shares, which immediately changed the shareholder composition of Minsheng Bank. China Township Enterprise Investment and Development Corporation, which holds 7% of the shares, became the largest shareholder.
Immediately afterwards, Xianjiu Group borrowed 10 million yuan from Minsheng Bank and another 10 million yuan from other banks to acquire Huaguang Brewery under Guanshengyuan. Xifeng Company borrowed 30 million yuan from Minsheng Bank to acquire Shenghai's largest instant noodle factory (formerly Yimin No. 4 Factory, which also produced biscuits, chocolates, etc.). Both Xifeng and Xianjiu entered Shenghai.
Within Minsheng Bank, there are too many related-party loans like this, and its own shareholders make loans by themselves.
It was not until Minsheng Bank sought to go public that it frantically rectified related loans. Shareholders who could not repay the money had their shares directly auctioned off.
Also because Xifeng Company, Xianjiu Group and Shenzhou Technology invested in Minsheng Bank at the same time, the All-China Federation of Industry and Commerce formally invited Song Weiyang to join as a member as an individual.
Xifeng and Xianjiu have joined the Rongping City Federation of Industry and Commerce a long time ago, and Yang Xin is likely to become the executive vice chairman of the Rongping City Federation of Industry and Commerce next year.
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