5/23/08

Yan Jiehe: from business tycoons to billions spent nearly 20 years-3

Mergers and acquisitions before the end of 50 billion yuan state-owned assets: Guotuiminjin think the opportunities are fewer and fewer Yan Jiehe rather creative way of the merger of state-owned enterprises and urban infrastructure tied up, and only with the municipal level of government to conduct an overall negotiations. Facts have proved that strict city package solution popular local governments welcome. On the one hand, packaged acquisition of the loss of local state-owned enterprises, the local government to discharge the burden on the other hand, BT is committed to Dianzi model for the construction of local infrastructure, especially the new industrial park of the building, the local government for the development of new industrial projects Provides the possibility. In addition, as a city, a city "package" talks, Yan Jiehe acquisition of the assets and the amount of the signing of the contract amount of public construction have begun a great leap forward. Yan Jiehe fog Jixing Yan Jiehe Pacific Group for the development of the vision is: "2010, Pacific Group operating income 600 million, 30 million taxpayers, and reorganization of 20 state-owned large and medium-sized enterprises, creating five listed companies, the integration of five major industries; Create 100,000 jobs and attract 000 high-quality talent, shaping 100 billionaires and 10 million millionaire 1000, 10,000 million tycoons…… " However, Yan Jiehe's cause was not all smooth sailing, of the Pacific is an "alternative" mode of operation, the question from all sides has never been interrupted. At present, due to the concern of the SAC in Jiangxi Province, Jingdezhen Pacific Group acquired six state-owned enterprises has stalled the plan. In Changchun, the Pacific and even from the merger of the companies even more fierce resistance. September 3 in Japan in the Pacific and Jilin parties signed a formal agreement to come, but because of the withdrawal of four enterprises could not make the trip.
Yan Jiehe fog Jixing Corporate mergers were part of the staff questioned the Pacific "to government-oriented" talks line, accusing them of a suspected secret operations, "never an open tender, has never been known Pacific Group acquired a number of these state-owned enterprises to spend money." In addition, there are some people in the Pacific expressed doubts about the strength of the Group. They believe that 50 billion yuan of state-owned assets even if the "zero acquisition," Enterprise Reform also needs huge investment costs. And 200 billion infrastructure projects to advance the necessary funds will also be hundreds of billions of dollars. Moreover, the rapid expansion is also in the Pacific, across the enterprise linked funds will be difficult to withstand such pressure. Yan Jiehe on the phone told reporters, taking into account factors such as corporate debt, 50 billion acquisition of the funds necessary to finance may be far less than 50 billion, and Pacific Group on infrastructure projects in more revenue, should be able to meet this expenditure . And infrastructure funds are used in rolling to the Pacific's strength should be no problem. "We used mostly his own money, and there is no risk of capital strand breaks."

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