Zhang Mingyuan was just promoted to deputy mayor, and was only in his early 40s. He was already quite young and promising in the domestic political circle. After taking office, he worked in the financial office and other department within the municipal government. The mess of urban commercial banks is also the biggest problem he has encountered at the moment.

Before Qingquan's rise, Luocheng's economy ranked second in the province due to its relatively solid manufacturing foundation. In addition, the phenomenon of private lending in Luocheng was not serious, which led to the Luocheng Commercial Bank, which was established in 1997, with a large scale.

By 2009, Luocheng Commercial Bank had more than 1,000 employees, absorbed more than 30 billion in savings, and issued more than 20 billion in loans to the outside world. In terms of overall scale, it was much higher than Qingquan Commercial Bank at this time.

Although the core tier 1 capital of Luocheng Commercial Bank has exceeded 2 billion, due to the large number of problematic loans released, if the bad debts that have been clearly unredeemable this year are proposed, the core capital adequacy ratio will be significantly lower than the standard line required by the central bank. Therefore, new strategic partners are urgently needed to supplement core capital, so that Luocheng Commercial Bank can operate stably.

In recent years, because Qingquan's rise is too fast, Luocheng has been somewhat marginalized and it is difficult to win enough attention from external capital.

The bad debts of Luocheng Commercial Bank are too high, and the bad debts of Luocheng Commercial Bank are not well-known in the officialdom of Luocheng, so their control and interference in Luocheng Commercial Bank are too rough and direct, which also discourages many external investment institutions.

This also made Zhang Mingyuan think that the plan to help Luocheng Commercial Bank introduce strategic partners, improve its equity structure, and improve its governance level for nearly a year has not been realized.

Dashang Capital, which has taken root in the Central Plains Province, not only has sufficient capital in hand, but also participated in the restructuring of Qingquan Commercial Bank for a high-profile last year. It is naturally Zhang Mingyuan's main partner to be considered. He has led a team to Dashang Capital twice.

However, Dashang Capital itself is not very interested in participating in Luocheng Commercial Bank. Even if it cannot resist the enthusiasm here, it will eventually be assigned to contact and coordinate with Luocheng. The level of personnel in Luocheng is not high, which means that it does not want Luocheng to have too much expectations for Dashang Capital at the beginning.

This morning, the person in charge of Dashang Capital suddenly contacted and said that it was the vice chairman of Dashang Capital. President Zheng Wenyuan was preparing to visit Luocheng Commercial Bank with Zhou Bin, chairman of Xinchaorui Commercial, to discuss capital injection matters. Not only Luocheng Commercial Bank itself, but also Deputy Mayor Zhang Mingyuan also turned down other matters today, and specifically invited representatives of the top three shareholders of Luoshang Commercial Bank to meet with Zheng Wenyuan and Zhou Bin.

When Chen Li, He Wan and Xu Yuanzhou appeared at the dinner, the main conditions of both sides had basically been reached.

Chen Li’s requirements are actually very simple. Luocheng has a good economic foundation. Luocheng Commercial Bank is also the second largest urban commercial bank in the province. It has a relatively large future development space. The focus of the contradiction is not on the price of capital investment and equity participation, but on the equity structure and future management structure of Luocheng Commercial Bank.

Of course, Chen Li would not hope that Luocheng Commercial Bank will always become a cash cash machine for Luocheng Government. It cannot become a commercial financial institution that operates independently and in accordance with the market mechanism. The only requirement is that Luocheng local enterprises' holdings in Luocheng Commercial Bank will be reduced to less than 50%.

Of course, according to the domestic regulatory requirements for banks and other financial institutions, Dashang Capital cannot absolutely hold shares of Luocheng Commercial Bank. However, in addition to participating in holding 20 to 30% of the shares, Dashang Capital will also help introduce one or two first-class domestic commercial banks to participate in the shareholding and directly participate in the management of Luocheng Commercial Bank.

Zhang Mingyuan was in his prime and was in the rising period of his career. He had his political ambitions and even hoped to help Luocheng Commercial Bank get rid of the entanglement of local interest chains. However, he was just taking the lead in dealing with this matter. Whether this matter could be accomplished or not, he still needed to report to the secretary of the municipal party committee and mayor. After all, Luocheng Commercial Bank is the only financial institution directly in the city.

Introducing Dashang Capital and the injecting and participating in management of first-class domestic commercial banks is naturally extremely beneficial to the development of Luocheng Commercial Bank itself, but for Luocheng, it is to give up the only piece of financial cake that can be mastered in its hands.

Of course, the problem may not be that serious.

The Luocheng City Government can still control the largest shares of Luocheng Commercial Bank through municipal state-owned enterprises, and its direct influence will not be under Dashang Capital. However, the problem is that it can directly specify the loan for its own use by a single order. At this time, it has to weigh and play with other shareholders. If the official-oriented thinking in Luocheng City is relatively serious, this bend may not be able to be turned around.

Chen Li was not in a hurry. He is currently preparing two methods to deal with Fang Longmao and the others, and a two-pronged approach.

Even if neither method can force Fang Longmao and others to give in, and Shan Fuming cannot force him to submit, he doesn't care. Then subsidize the profits that can be obtained in the secondary market of Luocheng Department Store to the next backdoor negotiation partner, Xinchaorui Commercial's backdoor listing process will not be delayed for too long.

Accompanied by Zhang Mingyuan, Zheng Wenyuan visited Luocheng Commercial Bank in the afternoon and had already been on the night news of Luocheng local TV stations. There were many people participating in the night banquet, and it was not a top-secret news. Chen Li, Zheng Wenyuan and others had a banquet and said goodbye to Luocheng Deputy Mayor Zhang Mingyuan. When Fang Longmao and Fang Yixin were in a villa manor in Shan Fuming in the southern suburbs of Luocheng City, they were in a panic.

Luocheng Department Store and the real estate company under the name of Shan Fuming had funds at the end of last year, and then they intended to transfer their shares in Luocheng Department Store in order to resolve the crisis. At that time, they directly found Xu Yuanzhou, who had cooperated in the secondary market, to help build a bridge.

At that time, the stock price of Luocheng Department Store had fallen below the previous low and fell to the bottom in the stock market crash. After that, Chen Li did consider borrowing the shell of Luocheng Department Store to achieve the listing of Xinchaorui Commercial. He bought some stocks from the secondary market in advance to remain active in negotiations. In addition, Xu Yuanzhou secretly ate some chips. Therefore, when Luocheng Department Store announced that it had lost in 2008 and could not make a profit in the first half of 2009, the stock price recovered quickly, and it has been stable at around five yuan for the past three or four months.

Fang Longmao, Fang Yixin and others intervened late, and they did not contact Dan Fuming until May this year. They had missed the opportunity to absorb funds at low levels. Later, they were afraid that the stock price would be too high, which would be detrimental to the asset restructuring after backdoor acquisition, so they had to give up their operations in the secondary market.

In the morning, when he saw that Luocheng Department Store was directly blocked by a huge amount of funds during call bidding, Fang Yixin naturally knew that Chen Li was forcibly buying. In addition to getting more chips from the secondary market, another purpose should be to disrupt their rhythm.

They do not have enough chips to suppress the stock price, and even if they have chips, they know very well how much money Chen Li can use. At least they understand that they cannot suppress the stock price by selling them. That will only be cheaper. Chen Li collects chips from Luocheng Department Store at a cheap price, and may even allow Chen Li to find an opportunity to directly rob the control of Luocheng Department Store from the secondary market.

However, they did nothing. Seeing that the stock price of Luocheng Department Store continues to rise, the adjustment of the backdoor issuance plan based on the new stock price will be very unfavorable to them.

Fanglong Real Estate, which can be included in Luocheng Department Store, has a valuation of only 4 billion yuan. Based on five yuan per share, an additional 800 million new shares will be issued and Fanglong Real Estate will be merged into Luocheng Department Store. They will eventually get 57% of the shares of the newly listed company through backdoor restructuring. In this way, Shan Fuming maintains some of the old shares and Han Zirui buys an old share from Shan Fuming, which will have sufficient room for appreciation.

If the share price of Luocheng Department Store is forced to be more than ten yuan by Chen Li and the others, Fang Longmao and others will be able to exchange for 400 million new shares. After the backdoor restructuring, their shareholding in the newly listed company will drop to 40%.

If other investment institutions are introduced, their subsequent shareholding ratio will be even lower.

This is obviously a bit far from their expectations.

However, Chen Li and the others are so confused that they have little impact on their backdoor acquisition, because Xinchaorui Commercial's current valuation is as high as 20 billion.

Even if the old shares in Dan Fuming's hands are not acquired, even if the share price of Luocheng Department Store is raised to ten yuan, and Xinchaorui Commercial is included in Luocheng Department Store, Chen Li and the others can exchange for 2 billion new shares. Theoretically, the highest shareholding ratio can reach 77%. If the stock price is not raised, in order to avoid excessive concentration of equity, the backdoor restructuring plan cannot be approved, and at the same time, it is necessary to ensure that other institutional investors participating in the asset restructuring have sufficient profit margins. Xinchaorui may even significantly lower the valuation of Xinchaorui Commercial, and the final shareholding ratio may also be lowered to 70%.

In short, Fanglong Real Estate is not qualified to compete for initiative with Xinchaorui at the capital level.

Han Zirui has some resources, but unless he drags Wanbang Real Estate in, he is not qualified to compete with Xinchaorui.

Fang Longmao and Fang Yixin came to find Shan Fuming. They originally hoped that Shan Fuming would suspend Luocheng Department Store tomorrow, so that Chen Li, his grandson, had no chance to continue to raise the stock price of Luocheng Department Store from the secondary market, so that they could at least gain some initiative, and forced Shan Fuming to make a public statement and break up with Xinchaorui.

Fang Yixin never thought they had dinner at Shan Fuming's house. During the meal, news came that Zheng Wenyuan was directly in contact with the city and wanted to take a stake in Luocheng Commercial Bank.

Although the boss has retreated to the second line, the Fang family has been deeply rooted in Luocheng over the years, and its influence in the city cannot be underestimated. It is not that there is no way to prevent Dashang Capital from participating in the Luocheng Commercial Bank, but the single-line battle in the secondary securities market has already made them tired of responding. They are going to step into the second battlefield to snipe the new trend, and Fang Longmao also feels deeply powerless.

The new trendy at this time is no longer the existence they thought they could step on their feet five or six years ago.

Seeing Fang Longmao and Fang Yixin's frustration when they left, and after seeing them off, Shan Fuming sat in the study so worried that he had not slept all night. The next morning, he asked the driver to prepare a car and rushed to the hotel where Chen Li, Xu Yuanzhou and the others were staying.

Today, He Wan used the excuse that there were too many parents who picked up and dropped off children at the school gate and blocked the road at every turn. She specially sent Xixi to the school twenty minutes in advance and rushed to the hotel with a nervous and excited mood.

When he rushed to the small courtyard where Chen Li was sitting, he saw that Xu Yuanzhou had been pulled up by Shan Fuming and sat in the reception room downstairs. He Wan was guilty and made an excuse in panic and said, "Looking at the cloudy and rainy day, I was afraid that the road would be blocked, so I got up early to send Xixi to school. I thought you didn't get up, but I didn't expect you to get up so early!"

When He Wan saw Chen Li standing behind the small bar there, she personally made tea for Shan Fuming, Xu Yuanzhou and the others. She walked over to help.

"Do you hate to kick them out?" Chen Li whispered to He Wan, "But it's better than being blocked by them in the bed in the early morning."
Chapter completed!