5/23/08

Yan Jiehe: from business tycoons to billions spent nearly 20 years

"2001, Yan Jiehe personal wealth increased by 11 billion!" October 12 released "Mission Hills in 2005 Hurun Report list" so that China Pacific Construction Group ( "Pacific Group") Chairman of the Board, Yan Jiehe become one of the most striking dark horse. "100 Rich List", in 2001 the Pacific Group, Yan Jiehe personal wealth soared from 1.5 billion yuan to 12.5 billion yuan, ranking second-ranked 100, this year's top personal wealth the fastest growing people. As a result of this dark horse of the birth of super-horsepower, Yan Jiehe and hold control of his huge "of the Pacific" enterprise groups begun to attract public attention. "Department of the Pacific" is to the excessive speed of development, in 2002 less than 2 billion yuan output value of the enterprise groups, in 2005 the output value is estimated as high as 30 billion yuan. Not long ago, Yan Jiehe announced that the Pacific Group will be the end of the year "packaged" in the form of purchase and total assets of 50 billion yuan of state-owned enterprises. "Pacific of" easily more than 100 billion merger generous, even then, "Drilon line", "Kelingeer of" dwarfs.
Tan Ying Pacific Group Headquarters: Most rooms empty Left Shanghai North Bund "Bang Hurun Report 2005" released at the scene, they embarked on a reporter from Shanghai to Nanjing train. The next day, journalists called on the Wutai Mountain in Nanjing on the 1st of the Pacific Group headquarters. Reporter found that this did several thousand billion trading group headquarters, only occupy the entire two-story office on March 4 of some rooms, and most of them empty rooms, corridors of the Office of the lights not even open. Front told reporters that martial law to the Inner Mongolia need to do to a group of other people have the right attitude to the media. Reporters have interviewed by phone from Tongliao in the Mr. Yan Jiehe. Yan Jiehe the Pacific Group in public while not high in popularity, but it is China's largest private infrastructure construction companies, it is the only one with national highways and municipal engineering general contracting a qualified private enterprises. At present, the Pacific Construction has 100,000 employees, employment is also China's largest number of private enterprises. Pacific Construction there are various types of infrastructure orders 200 billion yuan, sales income in 2005 is expected to 30 billion yuan. Pacific Group currently administered works, industry, investment and the three major groups in the northeast, north, northwest, southwest, central China five regional branches, as many as 115 member enterprises. Formed a highway, municipal, water conservancy infrastructure investment and construction as the core industries, while engaged in machinery, new materials, chemicals, ceramics, construction, real estate and other diversified operations of large enterprise groups.

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