Chapter 392 Cooperation(1/2)
The Dongsheng Department is mainly composed of three major entities: Dongsheng Real Estate, Hexi Industrial Investment Fund and the listed company Dongsheng Group. The three entities are actually divided into five major business divisions (groups): grain and oil, real estate, building materials, overseas and industrial investment funds;
The Ding family mainly controls all this from the capital level through its parent company, Dongsheng Holdings.
Because Dongsheng executives have part-time jobs in different companies, the board of directors of Dongsheng Real Estate and Dongsheng Group were held simultaneously in the afternoon. In fact, except for a few external directors and shareholders such as Shang Wendong, Cheng Xiang, and the recently resigned Chen Rong, the main directors and shareholders were present.
They are still Dongsheng’s senior management personnel.
After three o'clock in the afternoon, Cao Mo, Ding Zhaoqiang, and Qian Wenhan negotiated the cooperation framework at Tianyue Investment. After that, Ding Zhaoqiang asked Guo Guangxin and Xu Xin to call the top management to hold a meeting in Dongsheng Building.
They rushed over first, but many senior officials were still working outside or busy with other matters, and they all rushed back to Dongsheng Building before they had time.
In addition, the old man Ding Xuesheng also expressed that he would rush over to attend the meeting.
Seeing that it was still some time before everyone arrived, Cao Mo didn't want to sit there with a bunch of old guys and talk hypocritically, so he took Song Yuqing and Chen Feng back to visit relatives overseas.
"Hey, I still have my workstation. Have you arranged for someone to clean it every day to express your respect for me?" Cao Mo sat back at his workstation and asked Shen Ji jokingly.
"..." Shen Ji said with a smile, "Let's put up the incense burner!"
"Cao Mo, Manager Song," Zhou Qin, the former receptionist of the Overseas Department, has now become the deputy administrative manager of the Overseas Department. She still has a carefree personality. When other people saw Cao Mo and Song Yuqing, they came over cautiously to say hello.
As soon as she returned to the Overseas Department after finishing her errands, she ran over to hold Song Yuqing's arm and asked, "Did you raise the limit of Dongsheng's stock price today? Why didn't you tell us such huge inside information?
Oh, you know, many people regret it. They all say that if they had known the news in advance and mortgaged their house to buy it, they would have saved several years of work!"
"Do you think we are such arrogant people?" Cao Mo asked with a smile.
"How come it's not like that? If I were you, so rich at such a young age, I wish the whole world knew that I can't even walk at night," Zhou Qin said, "By the way, when you come back this time, you will really follow
Group cooperation?"
After such a long time, ordinary employees in other departments of Dongsheng may not be aware of Tianyue's situation and the relationship between Cao Mo and Tianyue Investment. However, internal employees of the overseas department have close communication and interaction with the West African branch. Most people are not aware of Tianyue's situation and the relationship between Cao Mo and Tianyue Investment.
There is more or less knowledge about the relationship between Cornero Cement, Ibogu Mining and Cao Mo.
In short, Cao Mo has already experienced the level of gossip inside Dongsheng Building.
This morning, Dongsheng's stock price was pushed to the limit by a huge amount of selling. Not only the top management of Dongsheng felt as if they were drowned in shit, but ordinary employees were also worried.
The current economic situation is not good, and many small companies cannot afford to close down. It is not easy for them to find another job with a decent salary.
Dongsheng Group's stock pledge liquidation line must be disclosed to the outside world, especially since major financial forums have exposed Dongsheng's debt situation. Even ordinary employees are aware of the crisis Dongsheng is facing, and
How many people are willing to work?
After the market opened in the afternoon, Dongsheng's stock price went from the lower limit to the upper limit almost instantly. It was more like a pot of boiling oil poured into a calm lake. The people inside the Dongsheng Building were even more excited, talking about it, and everyone secretly guessing what happened.
What exactly is going on.
When Cao Mo and Qian Wenhan accompanied Ding Zhaoqiang into Dongsheng Building, of course the people in the Overseas Department guessed the truth immediately; Zhou Qin's topic was of concern to everyone, and everyone pricked up their ears to hear it.
.
"I'm telling you inside information. If you buy Dongsheng's stocks, will you hate me if you lose money?" Cao Mo asked with a smile.
"Tell me, I don't dare to buy stocks either. Last year, there were several self-proclaimed stock gods in our overseas department. Every day, there were all kinds of inside information in the group, and the stocks mentioned wished they could double the next day, but this year it seems like
I even lost my underwear, and no one in the group has talked about stocks for months. How dare I try my luck?" Wang Wen said.
"..." Cao Mo laughed and said, "Whether we can cooperate depends on the discussion in the next meeting. After all, there is still a formal process to go through, but you don't have a chance to buy Dongsheng's stocks. If we can have preliminary discussions,
If it succeeds, Dongsheng will directly suspend trading tomorrow; if the negotiation fails, Dongsheng's stock price will have to get up from where it is and continue to fall..."
"The old chairman is here!" Xu Xin was still thinking about the situation when Guo Jian left. She was not in a good mood, but she could not leave her work behind. At this time, she came over and informed Cao Mo and the others that Ding Xuesheng had gone directly to the headquarters floor.
"Where are Wang Wen and Li Qilu? Why didn't they see their people?" Cao Mo asked Shen Ji.
"They should have gone to the Qingshan factory in the afternoon. Do you want them to attend the meeting as well?" Shen Ji asked.
"Call and ask. If they are nearby, just attend. If they are not, forget it..."
Li Qili returned to China during this period to report on his work.
Wang Wen and Feng Rui eventually came together. Although Dongsheng did not object to the internal differentiation of male and female employees, Wang Wen was also transferred back to work in China and the two were not allowed to work in a small department.
In the cooperation between the two parties, Dongsheng is concerned about how much financial support Cao Mo and Qian Wenhan can provide, and one of the key points that Cao Mo is concerned about is how to better integrate and expand the resources of the two parties' investment projects in West Africa.
This point has been discussed at Tianyue headquarters as a big framework, which is to absorb the Cornero Food shares held by Tianyue Investment into the listed company, but the follow-up will also require Li Qilu, Wang Jianzhong, Zhao Xinyu and others.
Get involved to further discuss specific integration options.
…………
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Without waiting for Li Qilu, Wang Wen and others came over. Cao Mo and Shen Ji went to the headquarters floor to meet Ding Xuesheng. By this time, Chen Rong had also rushed over, and Dongsheng's senior executives had also arrived one after another.
The framework agreement negotiated in the afternoon has been printed out and placed on the conference table.
A group of people were reading the agreement and chatting with the old chairman Ding Xuesheng. Cao Mo walked in and glanced around but did not see Dong Chengpeng. It seemed that Han Shaorong and Dong Chengpeng were quite self-aware.
Ming, at this time, had already figured out where the problem was and did not ask Dong Chengpeng to come over and perform.
Of course, Cao Mo felt more or less disappointed that he was not completely in place.
For the listed company Dongsheng Group, the Ding family holds 40% of the shares through Dongsheng Holdings, and Shang Wendong, Cheng Xiang, Chen Rong and other senior executives hold 20% of the shares; while for the Ding family, through Dongsheng Holdings, together with Shang Wendong, Cheng Xiang
, Chen Rong and other senior executives hold more than 90% of the shares of Dongsheng Real Estate.
Therefore, those present today can make any final decision about Dongsheng Real Estate, Dongsheng Group, and Hexi Industrial Investment Fund.
However, Dongsheng Real Estate has been seeking large-scale financing for more than a year and is also preparing for its listing. It has done a good job in asset auditing; its net assets of 7.4 billion were finally discounted to a valuation of only 6 billion.
Even at the most severe moment of Dongsheng's debt crisis, it was still quite unbelievable to many people.
Everyone has the traditional conservative mindset of not selling assets at low prices. However, Ding Xuesheng was present, Ding Zhaoqiang insisted on doing so, and Shang Wendong and Cheng Xiang did not express any objections. It was impossible for other senior executives who only held a small number of shares to stand up and question anything.
Of course, the cooperation framework agreement also leaves room for Dongsheng’s senior management to inject capital and increase holdings at the same price.
In short, being able to raise more funds will be beneficial to completely alleviating the severe debt crisis that Dongsheng is currently facing.
Cao Mo and Qian Wenhan also promised that after the agreement is signed, Tianyue and Xinhong will immediately invest 2 billion in financing into Dongsheng Real Estate to first solve the short-term debt maturity issues that Dongsheng Real Estate will face at the end of the month.
, subsequent financing will be adjusted based on the scale of Dongjiang Securities’ investment.
Not only Ge Jun, but also Qi Weijun, the chairman of Dongjiang Securities, have no decision-making power as to whether Dongjiang Securities Industrial Investment Fund can participate or how much capital it will contribute. The decision-making power lies with the investment committee members, and the decision-making process is also complicated.
In order to completely relax Han Shaorong's wariness, Cao Mo made the first batch of investment in Dongsheng Real Estate from Tianyue Investment. He directly invested 1.5 billion, initially in exchange for 18.75% of Dongsheng Real Estate's shares; Sun Hung Investment took the first
Invested 500 million yuan in exchange for a preliminary 6.25% stake in Dongsheng Real Estate.
Under such a severe situation, all the investment promised by Cao Mo was fulfilled in one step, and it was he who stepped forward to bear the greatest risks and responsibilities first.
Although Ding Zhaoqiang's character is somewhat headstrong, he is still quite qualified as an entrepreneur. If Dongsheng's operation and asset structure were not extremely stable and high-quality, except for the debt crisis caused by excessive expansion, there were no major internal problems. Money
It was impossible for Wen Han to jump in with Cao Mo so neatly.
As for Dong Chengpeng's betrayal and Shang Wendong and Cheng Xiang's vacillation, these are not fundamental problems in modern enterprises.
Is it possible that we really expect subordinates to have unswerving loyalty to their superiors and completely ignore their own interests?
Neither Cao Mo nor Qian Wenhan had any intention of interfering with Dongsheng's internal management. In addition to Chen Rong withdrawing her previous resignation application and reinstating her position, the biggest change in the management of the listed company Dongsheng Group was that Shen Ji replaced Dong Chengpeng as the new director. At the same time,
Served as Senior Vice President and President of Overseas Investment Division.
Chen Rong also serves as a director and senior vice president of Dongsheng Real Estate on behalf of herself and Tianyue Investment; Sun Hung Investment will only send one director candidate to Dongsheng Real Estate after the capital injection is completed, and will not arrange for anyone to join Dongsheng Real Estate directly.
Real estate management.
This basically maintains the stability of Dongsheng Group and Dongsheng Real Estate's original management with Ding Zhaoqiang as the core; whether subsequent management needs to make further adjustments and how to adjust them will still be based on Ding Zhaoqiang's opinions.
Whether Dongjiang Securities will dispatch directors and supervisors in the future and whether it will supervise the finances of the two companies will have to wait until Dongjiang Securities officially makes a decision to invest in Dongsheng Group and Dongsheng Real Estate before making adjustments based on the situation.
After these things were discussed, the meeting was concluded in a relaxed atmosphere, and all procedures were carried out in an orderly manner.
Dongsheng Group and Dongsheng Real Estate will first make decisions on director and management adjustments respectively.
After the shareholders and directors present signed the meeting resolution, the new board of directors then made the decision to accept Tianyue Investment from Dongsheng Real Estate, Xinhong Investment's first capital injection of 2 billion and strategic framework cooperation, and made the decision to accept Tianyue Investment.
Yue Investment and Sun Hung Investment increased their holdings of a total of 200 million yuan in listed company stocks, promoted the directional issuance of new shares to Tianyue Investment, absorbed the controlling stake of Cornero Food, and integrated the oil palm, cocoa plantation and crushing plant joint ventures of both parties.
decision.
Finally, Ding Zhaoqiang, Cao Mo, and Qian Wenhan signed the two agreements.
After signing the contract, a small celebration reception was held at Dongsheng headquarters, and the news was also disclosed to the public. On the one hand, this move was not only to meet the needs of supervision, but also to inspire people as soon as possible and push the share price of Dongsheng Group immediately.
Once things stabilize, we also hope that financial institutions’ lending restrictions on Dongsheng Real Estate can be lifted.
Although the valuation of Dongsheng Real Estate is considered low by many people, after signing the contract, everything is done and everyone feels relaxed.
Ding Zhaoqiang pulled Cao Mo, Qian Wenhan, and Ge Jun to sit in a corner to rest, and asked: "The President's Office has just invited reporters from Xinhai Evening News, Xinmin Morning News, Oriental Finance Network, Sina.com and other media to hold a small press conference to officially
Announcing the good news of the cooperation between the three of us, let's show our faces together? The reporter from Oriental Finance Network wants to do an exclusive interview after the press conference. What do you and Mr. Qian say?"
"Neither you nor Mr. Qian likes to show off their mirrors. I don't think it's troublesome either. Just leave all this drudgery to Shen Ji!" Cao Mo saw Xu Xin taking out her makeup box and following several reporters in the opposite aisle.
What are you discussing? It seems like you have to put on makeup first to be on camera for an interview. How could he take on such a chore?
Cao Mo pushed the matter aside and said to Ding Zhaoqiang very seriously: "It's more important for us to think hard about where we can have the celebration banquet later."
"...Don't worry, we will definitely make arrangements for this." Ding Zhaoqiang smiled helplessly, expressing his respect for Cao Mo's opinion, and made a gesture to Guo Guangxin, asking him to arrange for others to handle the press conference and exclusive interview.
Sometimes it's really strange. In the past, I would have thought that Cao Mo would be too frivolous to say such things, but now I feel that he is straightforward and doesn't have so many perfunctory politeness. Ding Zhaoqiang thought to himself, this is probably because he has to accept that Cao Mo has already
To be continued...