After Signing In For Three Years, My Identity As Shenhao Was Exposed - Chapter 425
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Chapter 425

"After signing in for three years, the identity of my Shenhao was exposed (!

I am absolutely delighted to be the chairman of Runhai Photovoltaic by someone else.

Regardless of whether the company can turn losses into profits, the wages will not be less.

But Yang Chen does not want to be the chairman of Runhai Photovoltaic.

A company specializing in photovoltaics has an annual loss of up to 5 billion. Whoever takes over is silly.

Director Zhao said with a smile: "Of course this is good news. In any case, Runhai Photovoltaic is one of the several companies that the Haicheng government will focus on. We will give full support. What is missing now is a capable leader. Who. Looking at the entire Haicheng, who is more suitable than you? Are you right?"

Yang Chen: "Don't make trouble, this time I will take over Runhai Photovoltaic, then I will wait to lose my fame. I'd better manage my Haicheng Wind Power, I really don't have so much energy to manage Runhai Photovoltaic."

Director Zhao: "The Haicheng State-owned Assets Supervision and Administration Commission has already studied it. You must be the chairman of the board. You can say how to accept this appointment. Feel free to say it boldly, and we will do our best to satisfy you. "

There are two reasons why Yang Chen is unwilling to take over Runhai Photovoltaic Group.

First, the main business of Runhai Photovoltaic is photovoltaic power generation, which conflicts with part of the business of Haicheng Wind Power Group.

Second, Runhai Solar had a loss of 1.5 billion in the first quarter and an estimated loss of 5 billion for the whole year, and it was on the verge of delisting, which was obviously a mess.

Whoever takes over it at this time is a fool.

Because a company with so many losses cannot turn losses into profits within a year or a half.

However, the securities law will not change for Runhai Photovoltaic. The company's stocks continue to lose money after they wear a hat, and according to regulations, they will be forced to delist.

It is now April, and Yang Chen accepts it at this time, which means that he has to earn at least 5 billion in the remaining 8 months of this year to make up for the previous loss of Runhai Photovoltaic.

Once Runhai Solar delists, the company will not be far from bankruptcy and liquidation.

Yang Chen didn't want to destroy his reputation, and made people think that he had ruined Runhai Photovoltaic.

However, nothing is absolute.

If the Haicheng State-owned Assets Supervision and Administration Commission can provide enough support, Yang Chen is willing to give it a try.

The big deal is to sell the photovoltaic business of Haicheng Wind Power Group to Runhai Photovoltaic, which can completely help Runhai Photovoltaic to turn losses into profits within the next eight months.

In fact, the SASAC has also carefully considered whether Yang Chen can save Runhai Photovoltaic after taking over.

After discussion, everyone agreed that as long as Yang Chenken divested the photovoltaic business of Haicheng Wind Power, and then packaged and sold it to Runhai Photovoltaic, the problem would be solved.

This is why the Haicheng State-owned Assets Supervision and Administration Commission must have Yang Chen take over Runhai Photovoltaic.

They can take this into consideration, and Yang Chen can of course also take it into consideration.

If he wants him to sell the photovoltaic business of Haicheng Wind Power, he must be given enough benefits in exchange.

Yang Chen: "Since all the leaders are so sincere, I will try it hard. However, all leaders know how serious the problem of Runhai Photovoltaic is. It is obviously unrealistic to expect me to save it by myself. Therefore, the Haicheng City Government I have to give me a lot of support in many other ways."

Director Zhao: "Of course, as long as you are willing to take over, any conditions can be opened. As long as we can meet you, we will definitely do our best to meet them."

Yang Chen: "Okay! Then I'm welcome. Let me do my best to save it, and I have to give me corresponding gains. I want at least 51% of the equity of Runhai Photovoltaic and have a veto on the board of directors. The Haicheng State-owned Assets Supervision and Administration Commission must stand on the same line with me unconditionally. In terms of debt, you can handle the money owed to the bank, and I and the group will not bear it. Suppliers' payment and other personal loans will be borne by the company. Starting this year, for five consecutive years All taxes and fees are waived, and more than 80% of the fiscal subsidy budget for the photovoltaic industry is obtained. As long as these conditions are met, I am willing to take over Runhai Photovoltaic and let it turn losses into profits within eight months."

These conditions are not harsh.

In particular, it is very difficult for the Haicheng State-owned Assets Supervision and Administration Commission to handle the money owed to the bank.

How can the Haicheng State-owned Assets Supervision and Administration Commission handle the bank loans of more than 3 billion yuan?

Director Zhao: "All other conditions can be agreed. Only the bank loan must be discussed with you. I have checked the total loan amount of Runhai Photovoltaic from the bank as high as 3.56 billion. So much money does not mean that it can be exempted if it is free. Yeah."

Yang Chen: "That's no way. I'm already willing to take on the supplier's payment and personal loans. It's a benevolence. There is no reason for me to bear the company's previous losses and debts. I will give you an idea and force Liu Wanqi to sell it. To make up for these debts."

Director Zhao: "The stock price of Runhai Photovoltaic is only one and three. He only has 900 million shares in his hand. Even if it is sold at the current price, it is only 1.1 billion. Compared with the 3.5 billion bank loan, it is still a lot worse."

The Haicheng State-owned Assets Supervision and Administration Commission cannot afford to lose a balance of more than two billion yuan.

But Yang Chen is definitely unwilling to assume this part of the debt.

Director Zhao thought of a way to get Yang Chen's investment company to buy this part of the debt at a discount.

Yang Chen then took a loan from the bank in the name of Xiaoguang Hospital Group to supplement this part of the loan.

Because of the preferential policy granted by the Haicheng City Government to Yang Chen, the trillion-dollar loan for the construction of Xiaoguang Hospital is interest-free for three years.

With such an operation, Yang Chen can handle the 3.5 billion loan at a very small cost.

As compensation, Haicheng was the State-owned Assets Supervision and Administration Commission of the State-owned Assets Supervision and Administration Commission to sell part of the equity to Yang Chen at a low price, and let Liu Wanqi's equity to donate to him.

In this way, Yang Chen didn't suffer much.

This year, Runhai Solar will be able to make a profit, and next year will be able to make a lot of money, and dividends alone can make up for this part of the difference.

Yang Chen smiled and said, "Director Zhao can explain such a complicated method so clearly, it seems that you have studied it during a meeting. Is every choice I make now within your calculations?"

Director Zhao: "Ha Hui...Yang Dong laughed. Our SASAC think tank must give you a solution in advance. These are our suggestions. The final decision is in your hands."

Now that it was all about it, Yang Chen wouldn't be polite to him.

"Yes! Liu Wanqi donated 18% of the equity held by Liu Wanqi to me, and the SASAC transferred another 5% of the equity to me. I invested in Runhai Photovoltaic under the name of Xingchen Investment Company. The 3.5 billion bank loan was sold to Xingchen at a price of 2.5 billion. Investment in exchange for 45% of the equity. After all the procedures are completed, I hold 68% of the equity of Runhai Photovoltaic. Is there a problem?"

According to the provisions of the Securities Law, if the shareholding ratio reaches two-thirds or more, the company can be absolutely controlled, that is, it is often heard that it has a veto power.

The 68% equity is obviously more than two-thirds. According to this plan, Yang Chen will achieve absolute control of Runhai Photovoltaic Group.

He alone has the final say in all future decisions of the company, and does not need to be approved by the board of directors or the general meeting of shareholders.

This is fair to Yang Chen. He strives to turn the company back into profit, of course, to get the most benefits.

Director Zhao: "This... your shareholding ratio has risen to 68%, which means that our Haicheng State-owned Assets Supervision and Administration Commission has to give up some equity, down to about 10% to meet your requirements. This..."

Yang Chen: "67% is my bottom line. If this ratio still doesn't work, please be smart."

Director Zhao certainly knows that Yang Chen's goal of insisting on at least 67% equity is definitely to take absolute control of the company.

Although he expected that Yang Chen would definitely open his mouth, he didn't expect to open such a big mouth.

Yang Chen used the bank's 2.5 billion interest-free loan to obtain 67% of Runhai Photovoltaic's equity and turned Runhai Photovoltaic, which was originally a state-owned enterprise, into a private enterprise~www.mtlnovel.com~ This is a big event, and Director Zhao dare not take it lightly. Give an answer.

Director Zhao: "Dong Yang, I need to discuss more here. I will definitely give you an answer before dark. Okay?"

"No problem, you think about it slowly, I'm not in a hurry." Yang Chen replied with a smile.

In the world, no second person dared to take over Ruhai Photovoltaic, and Yang Chen didn't need to worry too much.

After hanging up the phone, Director Zhao quickly reported to the leadership and convened an emergency meeting to discuss whether Yang Chen's conditions could be met...

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