sbdcsierra Chapter 479 Solving the Funding Problem for the Beverage Development Plan
Chapter 479 Solving the Funding Problem for the Beverage Development Plan
Qi Tongwei immediately applied to the city and province for state-owned assets to invest in the beverage company in Xichun County.
To strengthen the financial strength of Xichun Group's beverage company so that its beverage development plan can proceed smoothly.
Qi Tongwei, along with Qian Laiyang, gave a detailed report to the city and province on Xichun County's beverage development plan and its current progress.
The plan is to spin off the beverage company, establish a new group company later, and then list it on the stock exchange in two years.
The provincial and municipal governments thought Qi Tongwei's idea was very good, and Xichun County acted very quickly.
Although it requires a lot of funding, the development of beverages in Xichun County is still in its early stages.
Now is a good time to squeeze out some funds for state-owned capital to invest.
Once the goal is achieved, the beverage company in Xichun County will become a large national enterprise.
At that time, its value will increase many times over.
The money invested by state-owned assets will multiply several times over.
Once Xichun County Beverage Company goes public, the state-owned capital can recoup its costs by selling some of its shares and make a profit along the way.
It remains a major shareholder.
After review by the provincial and municipal authorities, the application was quickly approved, allowing the municipal and provincial state-owned assets departments to each invest 5 million yuan in the beverage company in Xichun County.
So that you can get started early and reap many times the benefits in the future.
In this way, the bulk of the funding for the beverage development plan was secured.
After all, Xichun Group had already invested 3 million yuan.
That adds up to 13 billion, which is almost close to the total budget of 17-18 billion.
However, if you lack sufficient funds, problems may arise.
Therefore, the shortfall in funds still needs to be covered.
After all, the beverage development plan will not be able to become self-sustaining for another two years.
If problems arise due to insufficient funding along the way, the beverage development plan will be hindered, resulting in a significantly reduced outcome.
This is not what Qi Tongwei wanted.
Because if insufficient funds prevent the plan from proceeding smoothly, it will be obstructed.
Therefore, we still need to raise a few hundred million more to get the funds in place all at once.
Moreover, the more funds you have, the more things you can do.
Qi Tongwei called Lei Zhichao and asked Zhichao Group to invest 5 million yuan in Xichun Group.
In this way, the new funding reached 15 billion, and the budgeted funds were fully utilized.
Previously, because the industrial park had only just begun construction, the investment that Lei Zhichao had promised had not yet been implemented.
Now is the perfect time for him to complete his first investment.
At the same time, we urged the veteran employees to pay for their share subscriptions as soon as possible, otherwise their shareholdings would be reduced by half.
As a result, the veteran employees raised money to subscribe for shares and signed formal documents.
After careful consideration, Xichun County decided to spin off the beverage company.
Xichun Group contributed its brand and previous investments, valued at 10 billion yuan, to increase its capital, holding 48% of the shares. Provincial State-owned Assets Supervision and Administration Commission, Municipal State-owned Assets Supervision and Administration Commission, and Zhichao Group each held 15% of the shares, and employees held 5% of the shares (held on their behalf by the old employee stock ownership association).
The remaining 2%, valued at 6666 million, is reserved for employees who join the beverage factory after the reform, and will be held on their behalf by the new employee stock ownership association.
The county divided it into shares, each worth 6666. Each person can only purchase one share, and the offer ends at the end of the year.
If there are any left over, employees who can afford it can purchase a few more.
After the beverage company became independent, Qian Laiyang served as chairman and general manager, while the vice chairman was appointed by the provincial state-owned assets, municipal state-owned assets and Zhichao Group, and the former manager of the beverage company served as deputy general manager.
Afterwards, Qian Laiyang convened a staff meeting and announced the beverage development strategy.
I'm here to tell you that the beverage company will later set up a subsidiary, forming the Xichun Beverage Group.
Qian Laiyang didn't mention one more thing: the beverage group will go public in two years.
After all, this will have to wait until the beverage development plan is completed and the beverage company has grown further.
Qian Laiyang hopes to take his beverage company public.
These days, a listed company is of great significance to a region.
This is also a very impressive achievement for an individual.
Complete the beverage development plan quickly, and then take the beverage company public.
Then he can smoothly take over the position of county magistrate.
The employees who joined after the reform were overjoyed to hear that the county had reserved 2% of the shares for them, and they were full of enthusiasm.
When new employees from other companies heard about it, they discussed it extensively, with some suggesting that they learn from the beverage company and give everyone shares.
Other companies said they would study the situation further based on developments, since each company's circumstances are different.
At the same time, these companies urged their long-term employees to pay for their share subscriptions as soon as possible.
To avoid their interests being affected by the introduction of new shareholders due to business adjustments.
After the beverage company became independent, Qian Laiyang began to devote himself wholeheartedly to the development and promotion of beverages.
Qi Tongwei then began to inspect other aspects of the work.
As the county head, I am responsible for the administrative work of the entire county, and the matters I need to manage are comprehensive.
Economic development is the most important task, but other tasks should not be neglected.
Otherwise, by the end of the year, Xichun County will have a situation where economic development is quite good, but other aspects of work are just average.
After that, Qi Tongwei began to inspect the situation of township enterprises.
When township enterprises were being reformed, Qi Tongwei didn't get involved, mainly because he didn't want to be implicated by Song Changfa and Guo Hongguang.
Now that the township and village enterprise reform has been completed, he wants to go and take a look.
After spending some time, Qi Tongwei toured all 19 townships in the county, inspecting both the county's and townships' work.
Point out the problems they have and how to improve them.
Township and village enterprises are doing very well, full of vigor and prosperity.
Qi Tongwei didn't find it strange.
Many township enterprises had very low assessed value after the shareholding reform, and those that were sold were basically sold off at bargain prices.
Those companies on the verge of bankruptcy went bankrupt and closed down, and their remaining assets were sold off at bargain prices.
According to Qi Tongwei, this round of township enterprise reform has made many people rich.
Some people bought luxury homes in the city, while others had their family members start businesses.
The disciplinary committee is already conducting a secret investigation, and it's estimated that these people will pay the price soon.
Afterwards, Qi Tongwei began to inspect the settlement of enterprises and investment attraction in the industrial park.
The companies that have settled here are mainly the 43 companies that were introduced from Pengcheng last year and companies from the county.
The county government relocated all businesses that were struggling to survive to the industrial park.
The development of industrial parks cannot rely solely on the existing enterprises.
The current number of enterprises in the large industrial park covering acres is far from sufficient.
Although several county-owned enterprises accounted for one and a half phases, along with other county enterprises and enterprises introduced from Pengcheng last year, they basically filled the first two phases.
However, we also need to expedite the process of attracting businesses to move in during the next two phases.
The industrial park is under rapid construction, and investment attraction must keep up.
In this way, after the industrial park was built, the enterprises were basically fully occupied and put into production.
Only then can the industrial park truly play its role and drive the development of Xichun County.