Category: Money tips Release Date: 2006-06-16
It is said that Delong's fortune and decline, have extraordinary symbolic significance.
Rinse 400 yuan from the investment community Minilab film, to set foot in more than half of China's huge industrial, financial "empire", "Delong soul" Tang Wanxin started from Urumqi in the western border, but now faces trial in Jiangcheng Wuhan (opening on the 19th of this month trial), 20 years passed, how many people sigh and thought-provoking story?
Ethnic hair roots family history
In 1986, the border town of Urumqi, the University had just graduated from Tang Wanxin and his five friends, 400 yuan investment in an entity set up their first "friend" Minilab Department, on behalf of the people washing the money 1 yuan a photo. But it is alleged that this small business to enable them to Urumqi in the year earned about 600,000 yuan.
1988-1990 years, with novel ideas and a lot of cash, the young Tang Wanxin began four shot: set up factories in production of bicycle locks, satellite receivers, distribution, feed additives, the contractor of the Pamirs on the Taxkorgan County, a hotel, they even set up the airline club. However, these attempts mostly failed, not only previous loss to make profit, they also once owed banks and their customers of 180 million yuan of funds. Until 1991, Tang Wanxin in Urumqi, Xinjiang Kehai Development Corporation became the largest provider of computer spare parts, only the basic restore the previous loss.
Tang Wanxin keen smell at the 1992 bull market in the capital market atmosphere at that time, still need to mobilize people to buy stocks when they buy a large number of initial offerings, and internal employee shares. In Xi'an, they are underwriting the Yellow Machine Factory 30 million new shares in 1000 million, the National Cotton Wuchang 800 million shares. Then, in Xinjiang and other places with a double or two times the price shot.
In 1992, Xinjiang Delong Industrial Co., Ltd., Xinjiang Delong real estate company incorporated Delong into the entertainment, dining and real estate investment. In August 1994, Beijing, JJ groundbreaking disco. Which is located in downtown Urumqi, Hongyuan Building, completed in 1995, when he called in Xinjiang was the most high-grade office building.
In the meantime, Delong into the field of agricultural industrialization. 1994 registered capital 1 billion yuan in agriculture and animal husbandry in Xinjiang Delong limited liability company was established, so that Delong on the one hand the industry began their journey on the other hand, due to the industrialization of agriculture to benefit one million farmers, thereby to obtain the local the Government's recognition and support.
However, the Delong truly high-speed expansion is, after entering the financial institution. It first entered in 1993 established "a new tenancy, Xinjiang Gold Limited" (Xinjiang Financial Leasing predecessor). In 1994, in Wuhan, off debt exchanges, Tang Wanxin gold seats in the new lease transaction through debt buy-back operations, has to Hainan Huayin International Trust and Investment Corporation, China's Rural Development Trust and Investment Corporation financing a total of 300 million yuan.
It is in this 300 million yuan of funds on top of Tang Wanxin industry consolidation, strategic investment philosophy, able to take root, sprout.
Industrial Integration To break the world top 500
From 1997 to 2002, the Delong had some called "generous" campaign of industrial integration. Among them, the Xinjiang Tunhe Inc. and Tianshan Cement Company Limited (Tianshan shares) the integration of the two companies be called a classic.
In October 1996, Xinjiang Delong International Industrial Corporation transferee Changji Tunhe Building Materials Industry Corporation, Xinjiang Bayi Iron & Steel Plant of Xinjiang Tunhe stake, serves as Xinjiang Tunhe's fourth-largest shareholder, to 1998, holding Tunhe Group. Xinjiang Tunhe at this time an annual output of 400,000 tons of cement, in Xinjiang after the annual output of 1 million tons of cement shares of the Tianshan Mountains.
On the other hand, born out of old state-owned enterprises in Xinjiang Tianshan Cement shares, with the international advanced level at that time cement production line, but the debt burden was very heavy. In November 1998, Tianshan Cement Co., Ltd was set up, to its Xinjiang Delong Financial Leasing Co., Ltd. as one of the sponsors, holding 1.16% of its shares.
With the Department Urumqi - Changji region, two-horse race, resulting in both cost has grown dramatically. Access to Information show that after 1998, because of competition with the Xinjiang Tunhe, Tianshan shares each year to pay the cost of more than 30 million yuan.
Delong use their control of the influence of the two companies finally completed the integration of the cement industry in Xinjiang: Xinjiang Tunhe all resource transfers to the Tianshan Cement shares at the same time to obtain a controlling stake in Tianshan. Xinjiang Tunhe itself, then concentrate on their own "red industry" tomato paste project, and thereafter to become the world's leading manufacturers of tomato paste. The Tianshan shares, but also laid the country's third since then, the Northwest's largest cement companies status.
It is integrated in accordance with this thinking, Delong entered Xinjiang Tunhe years 1996,1997, Shenyang alloy, Torch, after Zi Si maps depicting its industrial integration.
Delong's vision is that in the strategic investment the industry will become the leading ,3-5 years to become one of the world 500 strong enterprises to build a world-class "corporate elite club", brings together leaders of level managerial personnel up to become a connecting China and the world the economic mainstream of the bridge.
However, Delong industry consolidation, bigger and stronger on the other side is the manipulation of corporate stock. Wuhan City People's Procuratorate, December 6, 2005 of the indictment, from March 1997 has been, Xinjiang Delong, Delong International has a new gold trust, DeHeng securities firms in the East as the operating platform, the use of shareholders 24705 account, centralized financial advantages, ownership advantages, take a continuous trading, since the means to buy from sell, long-term large number of trading "The youngest stocks" seriously disturbed the order of the securities market.
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