ca-book Chapter 211 Public opinion
Chapter 211 Public opinion
However, there has been no movement from the Ministry of Commerce, and no attitude can be seen.
In December, Xugong Machinery and Case Fund signed an investment agreement.The plan announced to the public is: Case will acquire 12% of the shares of Xugong Machinery for US$3.76 million, and Xugong Machinery will retain 85% of the shares.
Case’s US$3.76 million was also subscribed separately, of which US$2.2 million was purchased for 85% of the existing equity, and the remaining 1.56 million was purchased for the newly injected equity of Xugong Machinery. The proportion of equity held will not increase.
In order to ensure the rights and interests of Xugong Machinery, Xugong Machinery and Case signed a "poison pill plan" to ensure that Case will not sell its shares to a third party, so that the shares of the third party will be higher than the shares of Xugong Machinery and achieve control. Thereby stealing the entire company.
After the completion of the acquisition, Xugong Machinery still maintains the original status of the brand, and the management, research and development, and worker teams remain unchanged.
In addition to injecting funds into Xugong Machinery, Case will also provide management advice and introduce two projects of engine and hydraulic system for Xugong.
As the largest construction machinery manufacturer in China, Xugong Machinery is also limited by the two systems of engine and hydraulic pressure, which need to be imported.
If these two projects can be introduced across the board as Case said, then independent research and development can be fully realized, and Xugong Machinery will become the real king of "Chinese" construction machinery.
The reason why the quotation marks are added is because it can only be regarded as within the territory of China, and Xu Gong Machinery will no longer be regarded as a Chinese enterprise by then.
At that time, the cold winter of domestic construction machinery enterprises will come.
In 2005, due to the national economic macro-control, the construction machinery industry was also affected to a certain extent. The sales volume of Xingyuan not only did not increase compared with the previous year, but fell slightly, but it was not too much, only more than 1 million .
This also means reduced profits. After all, the company's operating costs have also increased this year, and R&D investment and labor costs will only increase year by year.
The decrease in sales didn't make Yuan Xia feel depressed, this turnover fluctuation is very normal, and he knew that next year's sales would be better.Therefore, he did not ask the company to reduce production, and even increased production to prepare for the increase in sales next year.
However, this year's Yuanxia has not been comfortable, because of the acquisition of Xu Gong Machinery.
Xugong Machinery and Case have signed an acquisition agreement, and the next step is the review by governments at all levels. Once the review is passed, it will be a certainty.This matter was promoted by Xu Cheng's government, so naturally it cannot be persuaded. The only turning point is the attitude of the Ministry of Commerce and the Development and Reform Commission.
Originally, I was going to celebrate the New Year in Yuecheng this year, because I moved to a new house at the beginning of the year, and Chongyang's daughter was born, and I haven't been back to my hometown yet, so I plan to bring her back for the New Year.
But because he was worried about the acquisition, Yuan Xia went to Beijing early to inquire about the Ministry of Commerce's attitude towards the acquisition of Xugong Machinery.
Chongyang saw his eldest brother go to Beijing to celebrate the New Year, so he simply stayed in Beijing to celebrate the New Year.
Yuan Xia used her contacts to find someone from the Ministry of Commerce, but not from the Investment Bureau responsible for investment management.He wanted to invite the leaders of the investment bureau to have a meal through this person, and talk about the acquisition of Xu Gong Machinery.
However, the leaders socialized too much, and Yuan Xia couldn't be ranked at all. In the end, he only invited a clerk from the Investment Bureau.
The clerk thought that Yuan Xia was doing it to attract investment for his company or enter the overseas market, but at the whole dinner table, Yuan Xia was talking about the acquisition of Xugong Machinery.
Xiao Liu, the clerk, heard Yuan Xia's intentions, and he took a few detours to invite him to dinner. He actually wanted to stop the acquisition of his colleagues?
Xiao Liu said: "I haven't heard of the joint petition. Maybe the leader took it or sent it somewhere else."
Yuan Xia said: "If there is an opportunity, I would like to ask Comrade Liu to pay attention to us and ask about the attitude of the leaders by the way. Regarding the acquisition of Xugong Machinery, it can be said that our entire construction equipment industry is a matter of life and death. From the construction equipment industry According to some joint venture cases, the controlling parties have all become foreign investors. Xugong Machinery is the leader of domestic construction equipment. If it sells 85% of its shares, it is equivalent to giving up half of China's construction machinery industry. to foreign capital."
Xiao Liu said: "What you said is about life and death, isn't it a bit serious?"
Yuan Xia said: "You don't know something, I'm really not alarmist..." He analyzed the pros and cons to Xiao Liu.
Xiao Liu nodded after listening to it: "It's really dangerous to hear what you said. I have the opportunity to help inquire. And I didn't hear that the acquisition of Xugong Machinery has been sent to the Ministry of Commerce for approval. The procedure should be I haven’t reached this point yet, but I’ll pay extra attention when I do.”
Yuan Xia raised his wine glass: "Then I am very grateful to Comrade Liu. On behalf of the entire Chinese engineering equipment industry, I would like to offer you a toast. Let me toast, you can do whatever you want!"
Although I met people from the Ministry of Commerce, I didn't get any particularly useful information. No one knows how much Xiao Liu can help.Yuan Xia pondered carefully, and still wanted to expand the influence of the whole matter through the media.
After returning to Yuecheng, Yuan Xia personally wrote an article titled "Xugong Machinery is only worth 20 billion RMB? " article, which elaborated on the acquisition of Xu Gong Machinery and Case Fund, and pointed out the fact that Xu Gong Machinery sold itself at a low price.
文章从数据的角度出发，根据许工机械公布的财务报表分析，2001年比2000年的销售额增长了60.3%，02年比01年增长了78.16，03年比02年增长了83.4%。
By 2004, the entire sales plummeted, showing negative growth. In 2004, due to economic macro-control, the growth slowed down, but the data of the entire engineering industry was still in a state of positive growth, about 30%. As a leading enterprise, XCMG Machinery actually experienced negative growth. This situation is a bit unbelievable.
In 2005, the whole industry experienced negative growth, but it was only about 5%, and the sales volume announced by Xugong Machinery decreased by 26%.
The article pointed out that since 2004, Xugong Machinery's report data has been falsified.
In 2004, the sales volume of the whole industry was increasing, but Xugong Machinery, the largest domestic brand, was decreasing. The sales data actually decreased by 10%, and there was also a loss.
In 2005, the loss of Xugong Machinery became more and more serious.
The article has reasonable doubts, whether it is to sell Xu Gong Machinery cheaply, so the data is falsified?
Yuanxia also analyzed Xugong Machinery's fixed assets, years of R&D investment, accumulated technical patents, and brand value accumulated over decades. The value of these intangible assets is immeasurable. Could it be that Xugong Machinery's 85% equity Worth 20 billion RMB?
He bluntly pointed out in the article that this is a pure act of selling state-owned assets at a low price!
Yuan Xia submitted this article to the "Financial Daily" with her real name, and wanted to see if the "Financial Daily" would publish this article.
After submitting this manuscript, I did not wait for a reply.Yuan Xia posted this manuscript to the financial section of the Tianya Forum, and registered an account with her real name.
These days, the people who can access the Internet are still the social elites, and those who go to the forum are the elites among the elites. Once this article was published, it quickly attracted people's attention. The beginning and end of the case.
There are quite a few knowledgeable people in Tianya, who follow posts to help analyze data, discuss whether the acquisition case is reasonable, whether Xugong's top management has secret operations, and so on.
This post became a popular post overnight, floating on the homepage, and more people saw it.
Yuan Xia strikes while the iron is hot, and continues to write an article, "Give up Morgan, which is 4 million US dollars, and choose Case, which is 3.76 million US dollars. Why does Xu Gong Machinery sell itself at a low price?" "
The two articles attracted more and more attention, and some people suggested that he should apply for an account on Sina Blog to post articles, which would be more concentrated and coherent, and would not be scattered like a forum.
Yuan Xia registered an account on Sina, moved the two articles there, and continued to publish a new article, "Only sell foreign capital, why does Xugong Machinery, who was born in a military factory, reject domestic assets so much?" "The article starts from the treatment of Xingyue and Xingyuan participating in the acquisition, and writes about the different treatment of Xugong Machinery.
Many netizens from Tianya came to help up the post, and Yuan Xia also asked his colleagues in the company to help forward the top post.
Yuan Qiu learned that her elder brother was denouncing Xu Gongji on the blog, so she hurried over to the self-help camp, and she also came to help repost it. As a writer, her fans are much larger than Yuan Xia's.
Yuan Qiu met many writer friends in the Writers Association, and when he learned about this, he also helped forward it.
She also asked her colleagues from the Provincial Daily to interview her eldest brother and help write an article to spread the matter.
With everyone's help, the momentum suddenly became huge, and more and more people from all walks of life paid attention to the acquisition of Xugong Machinery.
Seeing the increasing amount of attention, Yuan Xia wrote another article "National Brands We Disappeared in These Years". The article wrote that since the reform and opening up, national brands that have been acquired and hidden by foreign capital can be found everywhere in the industry from daily chemicals to home appliances. , indicating that this will also become the fate of Xugong Machinery.
As soon as this article came out, it exploded, and people with various voices appeared.
Many people expressed their indignation and regret for the disappearance of national brands only after they knew what happened to the disappearance of familiar products.
But there are also quite a few cents who believe that Yuanxia is deliberately creating antagonism between China and foreign countries and leading netizens to hate foreign capital, which is against the state's policy of encouraging investment.
Yuan Xia blew up the nest of cents.However, the greater the popularity, the greater the dissemination of the Xugong Machinery acquisition case, and I don't believe it will attract the attention of the higher-ups.
Finally, when Yuan Xia wrote the eighth article, the "Financial Daily" finally contacted Yuan Xia, wanting to interview Yuan Xia about Xu Gong's acquisition case.
Of course, Yuan Xia did not refuse, and readily accepted the interview.
In the interview, he bluntly pointed out the fact that Xugong Machinery sells state-owned assets at a low price. As a military factory background, Xucheng Heavy Industry Group did not have enough consciousness and ignored the important strategic position of Xugong Machinery. The industry was handed over to the Americans.
If there is a war between China and the United States one day, Xugong Machinery will not only be unable to contribute to the country, but will even become a weapon to sanction China.
Yuan Xia also bluntly said that the leadership of Xugong Machinery is too naive. They think they can bring about a turnaround for Xugong Machinery, but they have no defense against foreign capital at all. They think they can guarantee the foolproof "Poison Pill" contract. In the eyes of Westerners who manipulate capital and finance, it is simply a piece of paper.