Hong Kong.
Sanxin Real Estate Group Headquarters.
"Congratulations to Chairman Gao for making a fortune!"
"Congratulations to Mr. Sun on your fortune!"
…
On June 11, Sun Jian, on behalf of HTIC, signed a company equity transfer agreement with 10 shareholders and strategic investors of Sanxin Real Estate Company, including Gao Fuming, Liu Quanyou, Li Defa, and Jin Zhiqiang, to transfer the 500 million shares of Sanxin Real Estate Company held by HTIC. 200 million shares were transferred to 10 shareholders and strategic investors including Gao Fuming at the average market price of HK$43.65 over the 10 trading days.
Gao Fuming received the transfer of 50 million shares, holding a total of 350 million shares, holding 38.89%, and became the largest shareholder; after the transfer, HTIC held 300 million shares, holding 33.33% of the shares, becoming the second largest shareholder; Liu Quanyou received the transfer 40 million shares, the third largest shareholder; Li Decai received 3,000 shares, the fourth largest shareholder; Jin Zhiqiang received 20 million shares, the fifth largest shareholder...
On June 27, 1990, in order to save Gao Fuming, Sun Jian asked HTIC to spend HK$100 million. Xiangjiang Sanxin Real Estate Company issued 500 million new shares to HTIC at an additional issuance price of HK$0.2, accounting for 55.6% of the total share capital (900 million shares). %, hosted on the Hong Kong Stock Exchange, became the largest shareholder and controlling shareholder of Xiangjiang Sanxin Real Estate Company, but did not serve as the legal person or chairman of the company, and sent a director to the board of directors.
The lock-in period for new shares that become a controlling shareholder through private placement is two years.
Under the leadership of Gao Fuming, Xiangjiang Sanxin Real Estate Co., Ltd. coincided with the surge in the property market and stock market in Xiangjiang, like a phoenix rising from the ashes. On September 26, Sanxin Real Estate’s share price closed at HK$1.52; on January 17, 1991, Xin Real Estate closed at HK$2.37; In September 1993, the Hang Seng Index nearly tripled from its lowest point in 1989, heading towards 9,000 points; the share price of Sanxin Real Estate was as high as 16 Hong Kong dollars; on March 22, 1994, the Hang Seng Index fell below 8,600 points in the morning. The share price of Xin Real Estate fell from 22 yuan to 18 yuan, a drop of nearly 20%...
In order to protect the stock price of Sanxin Real Estate Company, HTIC issued an announcement, optimistic about the development prospects of Sanxin Real Estate Company's real estate business in Hong Kong and the mainland, and promised not to sell Sanxin Real Estate Company's shares within two years.
On June 10, 1997, the Hang Seng Index closed at 14,439.7 points, and Sanxin Real Estate Company’s stock closed at 43.78 yuan.
Sanxin Real Estate has a total market value of HK$39.4 billion, ranking fifth among listed real estate companies in Hong Kong, second only to the four major families in Hong Kong.
The total transfer price is HK$8.73 billion (including 16.5% income tax).
In the past seven years, Sanxin Real Estate Company has paid dividends 4 times, with a total dividend of HK$1.2 per share. HTIC received a total of HK$540 million in dividends (10% dividend tax paid).
On behalf of Shunyuan Real Estate (Pengcheng) Group, Sun Jian signed an agreement with Gao Fuming, the legal person of Sanxin Real Estate Company, to establish a Sino-foreign joint venture Shunyuan Sanxin Real Estate Co., Ltd. with a registered capital of 2 billion yuan, converted into 2 billion shares of equity, Shunyuan Real Estate ( Pengcheng) Group will invest 1.2 billion yuan, accounting for 60% of the total equity, and Sanxin Real Estate Company will invest 800 million yuan, accounting for 40% of the total equity. Sanxin Real Estate Company will fully enter the mainland real estate market.
Sun Jian serves as the legal person and chairman of the joint venture company, Gao Fuming serves as vice chairman, Xie Weimin serves as general manager, and Li Decai serves as deputy general manager.
Sun Jian is the legal person and chairman of Shunyuan Real Estate (Pengcheng) Group, and serves as the legal person of HTIC. HITC is also the controlling shareholder of Sanxin Real Estate Company. Shunyuan Real Estate (Pengcheng) Group and Sanxin Real Estate Company established a Sino-foreign joint venture. , does not comply with the legal provisions of the "Regulations on the Implementation of the Sino-Foreign Equity Joint Venture Enterprise Law".
After the transfer of HTIC, Gao Fuming became the largest shareholder, legal person and chairman of Sanxin Real Estate Company, Liu Quanyou was the general manager, and the second largest shareholder, HTIC, served as a strategic investor. In compliance with the legal requirements for the establishment of Sino-foreign joint ventures, Sino-foreign joint ventures were established in the mainland. Joint venture real estate companies will enjoy a preferential corporate income tax policy of 25%.
This is the main reason for the transfer. The transfer needs to be re-registered with the Hong Kong Industrial and Commercial Bureau and the Hong Kong Stock Exchange. It is not a numbers game!
After rebirth, Sun Jian must comply with legal requirements in everything he does, and will not give anyone a chance to settle accounts later.
Previous life
Considered an elite, after rebirth, Sun Jian has no original sin, keeps a low profile, makes high-profile donations, is not afraid of retaliation, is a second-generation person, and is not worried about competing with the business bosses in his previous life.
Foreign monks can chant sutras!
The corporate income tax of Shunyuan Real Estate (Pengcheng) Group is 33%.
Another important reason why Sun Jian transferred 200 million shares of Sanxin Real Estate Company and gave up his position as the largest shareholder was to free up a large amount of funds to deal with the upcoming Asian financial turmoil and Asian financial crisis.
[In view of the general environment,
With money in hand, there are many opportunities!
The Asian financial crisis will sweep through Thailand. Soon, the storm will affect Malaysia, Singapore, Japan, South Korea, Hong Kong, etc. The currencies of Thailand, Indonesia, South Korea and other countries have depreciated sharply, causing most major stock markets in Asia to fall sharply, affecting foreign trade companies in various Asian countries. , causing the collapse of many banks, securities companies and large enterprises in Asia, causing workers to lose their jobs and causing social and economic depression.
Thailand, Indonesia and South Korea are the countries most severely affected by the Asian financial turmoil. Singapore, Malaysia, the Philippines and Hong Kong are also affected, but mainland China and Taiwan are hardly affected.
The impact of the Asian financial crisis is broader and more serious!
Crisis, crisis, opportunity!
In the previous life, without the Asian financial crisis, there would be no Li Chaoren, the richest man in Asia!
Sanxin Real Estate Company's share price will fall with the Hang Seng Index. Will it fall below the transfer price of 43.65? This has nothing to do with Sun Jian. If Sanxin Real Estate Company seizes the opportunity and operates well, as the Hang Seng Index rebounds, the stock price will rebound faster. After the Asian financial crisis, the Hang Seng Index will exceed 19,000 points and reach a historical high of more than 31,000 points. Click to march.
The Hang Seng Index is now over 14,400 points. It looks like a castle in the air, and it is too cold at high places. But for those who are born again, they are still halfway up the mountain, and each mountain is higher than the other!
The scenery you see is different when you stand at different heights!
The savvy Gao Fuming is optimistic about the Hong Kong real estate market and the mainland real estate market after the return. According to the current stock market conditions, the Hang Seng Index has exceeded 16,000 and the share price of Sanxin Real Estate Company has exceeded 50 Hong Kong dollars. It is only a matter of time before Sun Jian is willing to give up the company's largest shareholder. He coveted the position, but his funds were limited, otherwise he would have wanted to win them all.
This is also the main reason why Sun Jian is willing to invest in the establishment of a Sino-foreign joint venture, to give Gao Fuming an opportunity to make a fortune. Not everyone has such an opportunity!
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On June 13, "** Daily" published an article entitled "Maintaining the normal order of the market and protecting the legitimate rights and interests of investors: A group of illegal banks, securities companies, listed companies and their responsible persons were severely dealt with."
The management announced that it would investigate and deal with a number of illegal institutions in accordance with the law, including Pengcheng Development Bank, the leader in Peng City, and the Shanghai Branch of the Industrial and Commercial Bank of China.
The management decided to remove Li Huizhen, chairman and general manager of Haitong Securities Company, Kan Zhidong, president of Shenyin & Wanguo Securities Company, and Ma Qingquan, general manager of GF Securities Company, from their posts and record major demerits.
