"Mr. Sun, I can agree, but there is a condition. The name and headquarters location of Pengcheng Securities Company cannot be changed."
Pengcheng Securities Company is a banner of the achievements of the reform and opening up of the Pengcheng Special Economic Zone.
In September 1987, with the approval of the Central Bank, twelve financial institutions in Pengcheng invested to establish the first domestic securities company, Pengcheng Special Economic Zone Securities Co., Ltd. (referred to as Pengcheng Securities Company), which is administratively affiliated to the Central Bank of Pengcheng. branch.
Liao Jingwen, who graduated from the National People's Congress and was the director of the Pengcheng Research Institute of the Central Bank at the time, became the first general manager of Pengcheng Securities Company.
Pengcheng Securities Company is headquartered on Hongli Road. When it was first established, it had only 12 cadres and employees. It was jokingly called "three or five people, seven or eight guns."
The original intention of the establishment of Pengcheng Securities Company was not to provide a trading venue specifically for the purchase and sale of stocks, but to pilot the circulation of treasury bills.
Under the background of being responsible for the issuance and circulation of national debt, the main job of employees most of the time is to ride bicycles to various cities and towns to "sell" national debt.
When Pengfa went public, it not only acted as an underwriter, but also conducted over-the-counter transactions. It was also responsible for the registration and clearing of buying and selling stocks and bonds.
Today there are more than 500 employees. There are 10 securities sales departments in Pengcheng, ranking first. Securities sales departments have been set up in Shanghai, Beijing and Yangcheng. Ranking based on asset size and annual trading volume, it ranks first among domestic securities companies. Ninth place, employee remuneration and benefits are also among the first in the country.
Due to the company's chaotic management, blind investment, deep lock-up of self-operated business, huge losses, and the occupation of nearly 400 million yuan in customer deposits and illegal financial management funds, once a run occurs, it will affect the good situation of the SAR's reform and opening up, and it must be changed. situation.
Pengcheng Special Economic Zone Securities Co., Ltd. currently has a share capital of 223 million shares and a net asset value of 1.45 yuan per share. Its 12 shareholders are all state-owned legal person shares.
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"President Dai, I agree."
Before the opening of the Shanghai Peng Exchange, seeing the profits, municipalities and provincial capitals rushed to establish 33 state-owned securities companies. Sun Jian, an old investor, knew that in more than ten years, the tide would be high, and the only one among the first batch of 33 securities companies would be The only one that has not changed its name is Haitong Securities, while the rest have been acquired or renamed by state-owned or private enterprises.
Minshen Bank has opened for business today, and the central bank has publicly stated that each private bank is mature and approved, and the day is not far away when private capital is allowed to invest in domestic securities companies.
There will be many opportunities for Taobao Holdings to acquire state-owned securities companies in the future, but the opportunity is right in front of us, and it can help the country solve its problems, so why not? Sun Jian agreed without carefully reading the asset appraisal report. He was not blindly impulsive, but to express his attitude to President Dai.
Attitude can sometimes determine the success or failure of an acquisition!
It's not that the central bank can't come up with nearly 400 million yuan of funds to fill the hole, but it doesn't want to open its mouth and introduce Taobao Holdings, a catfish, to change the disadvantages of most securities companies where state-owned shares are dominant, causing chaos when released, dead when closed, and lack of vitality. situation.
"Mr. Sun, the asset evaluation report shows that the net assets of Pengcheng Securities Company are only 223 million yuan, but the total customer deposits and illegal financial management funds occupied are 395 million yuan. The current value of the deeply locked-up assets is only 334 million yuan. Sun How to resolve this crisis?"
When President Dai saw that Sun Jian had not read the asset appraisal report of Pengcheng Securities Company, he agreed to hold 51% of the shares. As a kind reminder, he also wanted to know how the richest man in China could resolve this crisis? Unless you bleed! It would be better to report to Leader Zhu. It would be beneficial to all aspects to remove this "landmine" that could explode at any time one day early.
After the Securities and Exchange Commission was established in 1993, the work on the listing and issuance of shares by joint-stock companies was transferred from the central bank to the Securities and Exchange Commission. However, securities companies are still managed by the central bank. The 12 shareholders of Pengcheng Securities Company are all Pengcheng's financial institutions. The institution is also under the management of Pengcheng Branch of the Central Bank. Leader Zhu has given the acquisition principles and rough acquisition plan. President Dai can directly make the decision to give 51% of the shares of Taobao Holdings Company.
"President Dai, after the asset appraisal department of Taobao Holdings Company reviews the assets of Pengcheng Securities Company, if there are no excessive discrepancies in the assets of Pengcheng Securities Company, Taobao Holdings Company, in order to show its sincerity, is willing to invest 395 million yuan in a package acquisition Pengcheng Securities Company uses customers' deposits to purchase stocks, bonds, real estate and other investment types! Please ask President Dai for approval. Pengcheng Securities Company will issue an additional 232 million new shares to Taobao Holdings Company at a price of 1.25 yuan per share. Taobao Holdings The company invested 290 million yuan, and the total share capital of Pengcheng Securities Company increased to 555 million shares. Taobao Holdings Company holds 51% of the total share capital of Pengcheng Securities Company."
Sun Jian browsed the net capital value table of the asset appraisal report, calculated mentally, and quickly came up with a plan. Taobao Holdings is a company controlled by him alone, and does not involve the interests of other shareholders. One person has the final say.
The assessed net assets per share of Pengcheng Securities Company were 1.45 yuan, and the assessed stocks, bonds, real estate and other products held had an original value of 557 million yuan (of which the original value of stocks and real estate was 534 million yuan) and a current value of 334 million yuan.
When the island's real estate went crazy, not only did banks lend illegally, but securities companies also blindly invested in buying land and building houses. China Securities and Southern Securities suffered heavy losses from direct investment in real estate in Hainan Province, and the Securities Commission completely stopped direct investment by securities companies.
In four first-tier cities such as Peng, Shanghai, Beijing and Yangtze, unfinished buildings and idle land with clear creditor rights relationships are usually packaged and taken over at a 50% discount on the original value. Unfinished buildings and idle land in Hainan Province are discounted at 10%, and Sun Jian does not Dare to ask for it.
The market value of the purchased stock has dropped by nearly 60%, and it is deeply locked up. In a long bear market, it is possible that it will be cut off in half. Even if someone dares to take over, in today's bear market, it will be difficult to cash out in the short term.
Taobao Holdings spent an extra 61 million yuan to buy a lot of deeply locked-up assets. However, in order to control Pengcheng Securities Company, this was the investment certificate that Sun Jian gave to President Dai, and it was also the tuition fee that should be paid.
Due to improper employment and poor supervision, the 12 state-owned shareholders of Pengcheng Securities Company will also have to bear a loss of 44.6 million yuan. If Sun Jian loses all, will the other party think that the richest man in China is up to something?
"Mr. Sun, thank you!"
President Dai understood that Sun Jian had suffered a loss. This was also the main principle why Sun Jian was appreciated by Leader Zhu. He helped the country solve problems and suffered small losses to make big profits!
"President Dai, I promise you that after these deeply locked-up assets make money, Taobao Holdings will donate 10 million yuan to Project Hope."
The pace of interest rate cuts by the central bank is approaching, and a vigorous bull market is brewing. In the proprietary business of Pengcheng Securities Company, stocks that are deeply locked up still have the opportunity to double.
Most people think this is the luck of the richest man in China!
