1
At the end of 2010, the boss said in the year-end meeting, “next year the enterprise will start the work of listing”, at that time everyone did not take it seriously – a few years ago the boss said he wanted to list in the domestic GEM, and also invited experts to study and guide, and finally just did not end.
Unexpectedly, after the Spring Festival, the boss called a meeting with all the middle and senior leaders of the company, announced the decision to go to a stock exchange in North America in the second half of the year, and introduced the team from Singapore and Hong Kong responsible for operating the company’s listing, the person in charge is Mr. Wan. Wan is a Chinese Singaporean, in his 40s, dressed in a suit, wearing a million dollar Vacheron Constantin on his wrist. He not only speaks Mandarin well, but also speaks English fluently.
Everyone was amazed and whispered below, “The boss is really capable, he can’t do it at home, he plays abroad”. However, most of them were skeptical about whether the company could successfully go public.
Mr. Wan briefly introduced the process of enterprise listing and the information needed for each link. According to the work that each middle and senior leader is responsible for, the boss organized the participants into coordination group, asset group, finance group, legal group, etc., respectively with professionals in the listing team. As the director of the corporate group office, I was told that I was assigned to the legal group.
Then, the boss took the listing team to report to the county government, hoping that the government would support more and give a green light to difficult and urgent matters. Our neighboring counties and cities, at that time there is no local enterprises listed, the county party and government leaders naturally attach great importance, on the spot statement, “will implement a person responsible for the enterprise to solve problems”, but also introduced “to protect listed enterprises” 20 measures, and promised If the enterprise is listed successfully, the government will give a reward of 1 million yuan.
So far, the listing work was carried out in full swing: first, the new company was re-established locally to prepare for listing, and the shareholders of the original company were changed to the exclusive controlling shareholders of the new company – the new company was controlled by the company established in Hong Kong, and the Hong Kong company was controlled by the company established in the British Cayman Islands, and the Cayman Islands company was controlled by the owner’s capital.
I said to the boss: “This layer by layer, the actual source of the holding is not you? It is better for you to directly control the company, it is simple and clear to do.”
The boss said, “What do you know, it is necessary to go public!”
The news that we were going public became the local headline news for a while. Every time we took the lawyer’s letter sent by the stock exchange to each competent department to stamp, to prove that the enterprise has no irregularities, no safety accidents, normal production and operation, etc., the personnel of each department had to talk enthusiastically and said to me, “We give you the best service, listed we can buy some shares oh.”
In 2010, a fire in our shipyard resulted in the death of two migrant workers and a penalty of tens of thousands of yuan by the safety bureau. So when I handed the reviewer the “zero production safety accident” certificate, he looked at it and said, “We can’t stamp this certificate.”
I handed him a box of Chinese cigarettes and asked him to do me a favor anyway: “This is mainly needed to go to a foreign country for listing, no other purpose. Besides, after the fire, we have also carried out safety rectification, and you have accepted and passed – to facilitate the listing of enterprises, this matter was specifically emphasized in the county meeting.”
The auditor told me to go to the department director Wang. When I explained my intention, Director Wang said seriously: “This is to provide false certification, is legally responsible! Another county has a department because of a certificate, was in court awarded hundreds of thousands of dollars.”
I explained that the situation was different, and asked for a favor, but he digressed and asked about our IPO, asking seemingly inadvertently, “Do you sell original shares to internal employees?”
I immediately understood what he meant: “Director Wang is interested in stocks?”
He smiled and said, “I’m not interested, but some people in the unit have them and would like to buy some with your employees.”
I hurriedly said I would report to the boss, director Wang patted my shoulder and said, “Let you bother, remember oh director Yu!”
Later, then stamped, as long as it is said “listed need”, it was released all the way.
2
During the preparation period before the listing, the finance team was the busiest.
The listing needs to provide the financial accounts of the enterprise in the past three years, and the success of the listing all depends on this key link. Private enterprises accounting staff itself is small, and to do “multiple sets of accounts”, to do to the bank’s operating profit to be large (for loans), to the tax operating profit to be small (to avoid taxes), only for the boss to see the real. Now most of the financial books have to be reworked or even newly made, and the accounting staff work from 8:30 am to 12:00 pm every day, with no rest days available. The accountants complained privately that they could not get up from their office chairs, and they could not even go to the toilet.
The boss gave encouragement to the finance team in all the meetings and called on all employees to learn from their “five plus two, day and night” spirit of “hard work” and to “take the overall situation as the priority and work hard”. The Finance Team Despite the hard work of the finance team, the workload was heavy, the manpower was not enough, and the head of the finance section did not know about the listing, so he often misunderstood the guidance of the professionals, which led to frequent reworking and redoing of the revised accounts.
The boss was so anxious that he called the office to recruit people. We recruited three men and two women according to the requirements of financial work. After starting, the two female accountants did not come after three days, and the two male accountants persisted for a month and resigned. The only one left, is from the rural areas, just graduated from college Xie, he later secretly complained to me that “all day to stare at the computer, others to me to talk, the brain is full of numbers, half a day no response.”
And then recruit people, no longer more than three days of work, the boss had to draw from other companies in the group of ten financial, this group of people work early and dark for a month, the head of the finance department to check, looking at the books from the floor to the high desk, directly at them growl: “are new and fresh paper, a look is fake! No way, redo it!”
No hard work, but also somehow yelled at, the ten people immediately exploded, some questioned why the finance chief did not say earlier, some complained “where to find the old paper?” Everyone would rather resign than redo it.
The head of the finance section not only has to manage the entire finance team, but also has to do the accounting himself, hearing them cursing, the long instantly broke down: “I quit! I blind command, I resign!” Said ripped off the sleeve, thrown hard on the desk, and took the door out.
At this critical moment, how can you fall off the chain? The boss rushed to the door to personally condole with the chief of the finance department, and also gave his wife suffering from heart disease to take 2,000 yuan condolence money. The finance chief took a day off and came back to work only after his mood stabilized.
Later I suggested to the boss that those new accounts, no need to redo, coated with tea, turn on the air conditioning and blow for a few hours, dry and become “old”. The boss adopted my suggestion.
After starting the preparation for the IPO, our office received a lot of work. Accountants, auditors, auditors, consultants, experts, brokerage firms, three to five days on a set of people, either visits or talks, food, accommodation, travel and play are to be arranged or accompanied by us. Especially for brokerage firms, we have to tailor-make each person’s “service plan” in advance and try to make them satisfied.
Once received a more than 20 people “overseas study group”, in addition to group travel, our small county has never been so many people outside the country, directly alarmed the immigration office, they called me to inquire about the situation, and told to caution them to comply with the law, and explained that we must accompany, do not have an accident.
The result of what to fear – at that time our county is “pornography”, that night a Taiwanese businessman took the girl to the room, get too much, the girl directly to the police that the man was going to rape her. Police to take the businessman, I see the seriousness of the situation, I hastily called the boss, the boss found the relevant leaders, which calmed down.
Afterwards, the relevant leaders again stressed the need to “create a relaxed environment” for the listing of our enterprises and for the development of the local area. Later, our reception was emboldened.
Inside our office, only the typist Xiao Liu is the busiest. There are so many listing materials that she has to type, print and scan them into electronic files, so she is so busy that she doesn’t even have a chance to take a break.
According to the original regulations of the group, there was no overtime pay for overtime work, and only 80 yuan of allowance was paid every day. After a month of work, Xiao Liu just got the allowance, and the boss said to me: “The allowance is temporarily suspended, and will be paid after the successful listing. Finance are no one to take, do not disturb the army.”
Xiao Liu was angry after knowing the news, to resign, said no one to take care of the children at home: “You know well, we administrative can not compare with the financial, they are the core of the enterprise, we are the miscellaneous. At night when the boss condolences them, see me busy, eyes did not lift.”
“The boss is not not to give, is ‘withholding the issue’, I have recorded on the attendance.” I reassured her, “You just need to think that you are seeking a living on the line, do not think too much about the other, people are more angry than others. You can hold on for another two months, and you’ll be fine when you finish copying the listing information.”
3
We changed the financial accounts as scheduled, and finally invited a foreign accounting firm to review them. Four female accountants came, each earning 10,000 yuan per day – there were people who could earn such a high salary, and we were all shocked.
The boss instructed us not to contact them, let alone speak casually. Every day before work, we put water, coffee and fruit on their desks. When they came, they closed the door and left only after 10 p.m. If something happened, they contacted the finance section chief directly.
A month later, all the preparatory work for the IPO was completed, and everyone’s tense heart finally relaxed. After the boss went to the North American Stock Exchange to submit the application, it was said that the company would be listed at the end of October, but it turned out that the boss flew back and forth between China and North America. The employees were talking about it, and they thought it was bad luck, and I had no idea whether it could be listed.
After New Year’s Day 2012, Xiao Liu resolutely resigned: “The group’s money is used for listing, wages are delayed again and again, now the listing is not possible, stay and wait to drink the northwest wind?”
At the end of February, the good news finally came: on March 13, our company was successfully listed on the stock exchange, raising 400 million yuan. On that day, we lit firecrackers at the entrance of our company, and put the lions and dragon dancers prepared in advance to perform in front of the main gate, and the advertising videos of the whole county and the guardrails of the main streets were all slogans celebrating the success of our enterprise listing.
According to the agreement signed with the boss before, Mr. Wan took 20% of the 400 million yuan raised by the listing, which is 80 million yuan, and was appointed as an independent director of our listed company by the boss. Everyone admired him and said that he was a real “global high IQ talent”, who only needed to use his brain and make some plans, and a large amount of money came into his pocket.
After the boss came back, he held a celebration party in the best hotel in the county, invited administrative leaders and business partners, invited some popular stars to perform, and gave everyone who entered the venue a red packet of 2,000 yuan. At the meeting, the boss gave 300,000 shares to the top management and 100,000 shares to the middle management, and then gave bonuses to each employee according to their length of service, more or less tens of thousands, less or 10,000.
After the celebration, many people were excited to ask about the purchase of shares, and my cell phone was all over the place. I reported to my boss, and he said to discuss and reply me. I mentioned that Xiao Liu, who had resigned, had not yet been issued bonuses and overtime allowances, and the boss said, “Why should I issue them when people are gone? I blame her for not believing in the business, and her position is not firm!” I called Xiao Liu and told her about it, she didn’t say anything for half a day, and then she said hatefully: “One day he will get his comeuppance!”
A few days later, we received a notice: employees and people who have helped the company outside can buy shares, 2 yuan a share. Most of the employees bought shares with their bonuses, and many people from outside came to buy, including the previous director Wang, who bought 400,000.
The head of the finance section gave everyone the URL of the stock exchange, saying they could watch the stock price change at any time. After logging in, we all realized that the stock sold to us by the boss was actually the listed price after the listing. At first we were all very excited and looked at the computer, but instead of the price ever going up, it also went down.
After a long time people stopped looking.
4
After the listing, our business became famous and the owner was often interviewed. When the reporter asked about the next step of the enterprise, the boss spoke eloquently: “We are ready to expand the scale of the shipyard, to create the largest shipyard in the Jiangdong region, and then open up marine transportation, the acquisition of a coal mine, to do a combination of production, transportation and marketing, pulling the stock price rising, driving the development of the local economy.”
The enterprise began to update equipment, expand the plant, acquire land, purchase sea vessels, acquire coal mines, and recruit people, a scene of fervor. When the county government reported to the higher level on the development of local economic work or private enterprises, they would talk about us. The boss was so happy that his personal assets once shot up to the top 20 of Forbes in the city.
However, with the next drop in coal prices, more ships and less goods, and too big and too fast expansion, the enterprise capital had difficulties, and the share price fell to 1 yuan. The boss then negotiated with that Mr. Wan again and wanted to go to the Singapore Stock Exchange for listing again in 2014.
The boss told us privately that he regretted that the first listing was “not liberalized, inexperienced and with less money”. This time, the boss decided to add several new companies and regroup them, hoping to raise 1 billion. After he reported to the county leaders, the county still strongly supported it, and promised to “list again and pay bonuses”.
The boss spent a lot of money to hire an intermediary company in Singapore that was said to be close to the SGX, “I heard that none of the companies they handled had failed in their listing,” the boss said to us in a glowing manner, “If the listing is successful this time, we will double the reward!
The listing documents required by the SGX and the North American Stock Exchange were similar, so the main focus of finance was to make the accounts of the two newly established shell companies real. Because we had tasted the sweetness, we all thought that we could go public again if we worked hard once more, and a lot of money would come again, so we were confident and did not complain.
In May of that year, after we submitted our application, the SGX appointed a national law firm to do an investigation. We soon noticed that the other party’s audit routine was significantly different from the last one: last time, we went to the relevant departments to handle the corporate information ourselves, and as long as there was an official seal, there would be no problem, but this time, no matter which department we went to for the seal, their two young lawyers would follow and supervise, and sometimes they would use their cell phones to photograph and film.
Once, to go to the bureau of industry and commerce to print the enterprise set up the start and end of registration information, because of too much information, the bureau of industry and commerce printer and old, the people of industry and commerce told us to go back first, wait for them to finish printing and then come back to get: “We stamped on the printed information, we will be legally responsible.” But the lawyer strongly disagreed and had to keep an eye on the typing. I had to discuss with the industrial and commercial side and hold a printer myself, and it took two days to finish the fight.
I reported this situation to the boss, caused the boss’s alarm, he instructed me: “In addition to accompany them to dinner, remember the evening spare time must also be arranged for richer, go to a K song, do a massage, find a lady, or send some gifts.” — but they all refused to do so.
After the lawyer returned to Singapore, the boss learned, “These people avoided us and made copies of all the group’s information when they were at the BIC.” The boss was also stationed there with the listing team. The agent promised to inform the boss promptly when a problem was audited, and the boss would then call us to take remedial measures.
The boss kept calling, and the problems to be remedied became more and more difficult. For example, it was found that the data in the annual industrial and commercial reports of the two shell companies were different from those in the listing, and the bank accounts were different from those in the listing, and the certificate of “no safety accident” that was fooled in the first listing was also revealed. Two young lawyers issued a compensation agreement for the casualties of the shipyard fire, proving that we had falsified the matter.
Despite the agent’s best efforts, there were too many problems, and our listing application was returned to the owner in defeat. Soon after the boss came back, the agent called him and said that the reason for the failure was that someone within the company had written a whistle-blowing letter to the SGX – the SGX had checked the details of the company’s establishment for more than 10 years in half a month.
The boss was very angry and decided to find the “black sheep”, he secretly set up a three-person investigation team, internal and external investigation. The news still spread in private, a time of rumors, everyone is at risk. However, after a month of investigation, it was found that the employee who was injured in the shipyard fire reported that the company simply dismissed him because of the disagreement in compensation for work-related injuries.
The boss could not do anything about it, but he had to gnash his teeth in hatred. But I have doubts inside: how can an ordinary grassroots employee know more about the enterprise’s many internal affairs than we all do?
At the end of 2014, when the company signed the employment contract for the coming year, a confidentiality clause was added. When the typist in the office was signing, I suddenly thought of something and asked her, “Have you changed the passwords for the group’s qq number, email address and electronic files?” She replied, “No, it’s still the same as before.”
I realized the seriousness of the problem, a person flashed in my mind and told the typist to change it immediately – could the whistleblower be Xiao Liu?
After the circle of money listed, the company is gone
5
The NSE listing was unsuccessful, and business production and operation was not good, but we had to show a flourishing scene – because every six months, the North American Stock Exchange would commission a foreign auditing firm to come to us for an audit. The first time they came were two middle-aged people, but later they were all young people who had just graduated, mostly Southeast Asian women who spoke fluent Chinese.
I asked the company’s accountant, “The auditor who came is so young, is he more of an expert than you?” The accountant said in a meaningful whisper, “The older ones focus on risk and have a strong legal awareness.”
I nodded, understanding what he meant. For the first three years, we disclosed our annual reports as “steady growth in main business”. In order to improve our performance, we inflated the production and operation volume, and also paid a lot of taxes to prove the authenticity of our performance. We all knew the business situation and thought it was not worth it. Some accountants even said privately, “There is no way to surrender the child to the wolf, and the wool comes from the sheep anyway.”
This false prosperity made some other enterprises in the county want to try to go public to raise capital. A friend of an enterprise of similar size and business with us had tea together and exchanged some information about “operation listing” with each other. When I heard that they spent a lot of money in Hong Kong to hire an intermediary company, ready to list in Hong Kong, I politely put forward some advice: the Hong Kong Stock Exchange requirements are harsh, even if the listing, the enterprise will be ordered to delist if something goes wrong.
However, he did not hear the meaning of my words, or defiantly launched the listing work, the results of the operation to half, due to financial constraints, announced to stop, his business also sank down.
Although the business “good performance”, but we have not seen dividends, the share price continued to decline instead of rising, to later, down to just a few cents worth. I specifically asked the stock insiders, people said, “The stock is most affected by the general climate, your current situation, speculators are not optimistic.”
Director Wang and others who bought the stock often called me, yelling to withdraw their shares, and threatening in words, “You have made money from foreigners, but don’t lose money from locals.”
The boss listened and said impatiently, “It is not possible to withdraw now. You tell them to trust us, we are thinking of dealing with it and will not let them lose. If you don’t believe us, take it to the stock market at the current price and sell it.”
In the beginning, everyone bought shares to recognize the boss, not the stock exchange, are the light to get rich. Now the stock loss, who do not look for him? The boss was reluctant, but he understood that those who dared to shout for withdrawal of shares were all related to the enterprise or to him personally, among which, except for the employees who dared not take a public stand, the rest were not afraid of him. There are still people out there who keep wanting to withdraw their shares, and some even suspect us of practicing fraud in the name of stocks, and run to the boss’s office twice a day to ask for a solution.
We discontinued our expansion and focused our energy on production and operation, but the market was in the doldrums and all the enterprises under the group were basically losing money. The boss was in a hurry and held a general meeting in January and half a month, asking the staff to “keep a clear head, carry forward the work style when listed, work together, overcome difficulties and strive to achieve new results”.
No matter how hard the boss talks on the stage, the people underneath still have their own thoughts. The senior management felt that it was time to take a break since the company was already listed; the employees felt that the company had financed so much money, but they did not get much benefit – the boss only gave the senior management a substantial annual salary adjustment, the employees only increased by 200 yuan, and the benefits were not much improved.
In order to reduce the negative news of the enterprise, the boss decided to move the group to the city. At the time, the county advised the owner not to leave, and the owner explained, “Our entity companies will all stay in the county, and I came out to find a broader stage and promote local business development.”
At the opening celebration of the new group headquarters in April 2015, the boss invited many politicians and businessmen to attend, and to gain a firm foothold in the city, the boss also exclusively sponsored the city’s upcoming international marathon.
Because the boss has housing in the city, the work is basically in the group headquarters, the following entity companies to the second in charge of the total. So the community rumors that our boss took the money to finance the runaway, some bought shares, high-interest capital-raising in the company’s people, one after another to view the business, and even one day there are two tax bureau people angry to find me, asking for a refund of shares, I can only prevaricate.
After a few days, I reported to the General Manager, saying that this time it was the tax, which was not trivial, and could not repeat the “we will deal with it” that everyone was tired of hearing. The boss said, “The boss told them to wait, he is preparing to go abroad private equity funds, the fastest the end of the year will be done, must be resolved.”
6
The private placement of funds is still the responsibility of the two operations of the listing of Mr. Wan, the boss is responsible for the financing of the mainland banks.
During that time, the boss brought people from the bank, and people from the private equity fund brought by Mr. Wan often came down to visit. Because of the aura of listed enterprises, banks are very trustworthy, the boss after repeated mortgage with housing, ships and other fixed assets, banks have released tens of millions of loans, timely solution to the problem of tight corporate capital chain.
Mr. Wan is also very powerful, and Asian, American and European people came by turns. Every time we had a meeting in the hotel conference room, our office was responsible for providing the basic information of the enterprise, the finance provided the operation report, and then took the lead to visit the shipyard and coal mine to understand the production and operation situation.
In order to create a busy production scene, we chose a dozen of strong workers to transport the coal into the underground in advance, and when they came, they changed into old uniforms, surrounded by a black towel, with their faces smeared black, and rumbled the coal-laden mine cars out according to the prearranged.
Wan’s high demand for hospitality services, we dare not neglect – live is the county’s best hotels, eat is a large banquet plus flavor snacks, out must be clean high-grade car, either to local attractions, or to nightclubs – but we received several batches of private placement guests, are a go, no longer heard from.
The county also wants to attract investment through this group of private businessmen, to promote the local advantages of the project, and the boss after discussion, the county and Wan brought people, held a “foreign project meeting”. After the county leaders introduced the county’s situation, the development of tourism, Mr. Wan proposed a program: after the county’s tourism investment took shape, he was responsible for the project’s listing financing, the county gave him 35% of the financing as a reward. The county did not reach a cooperation agreement on the spot because it needed further research and instructions.
Afterwards, the county asked Mr. Wan to make some concessions, but Mr. Wan refused rigidly, saying that he was not interested in government cooperation, and if not for our boss’s face, he would not even come out of the field.
Through a number of contacts with Mr. Wan, we feel that he “talk big to make small money”, has “financial freedom” of people, underwear, socks and other daily necessities to buy us to go business reimbursement. Someone disdainfully sarcastic: “He is just an international intermediary. Private fundraising tens of millions are not allowed, can attract more than ten billion? Purely pretend X!
Private placement always do not see results, hospitality expenses and a lot, the boss admonished us to “save on saving”, after that, and then come to the private guests, we will use high-grade containers of bee sugar wine to receive them. We love to drink bee sugar wine here, is the honey blended in the local more than 10 pounds of high white wine, drink sweet, slow on the head, the aftertaste is sufficient. We are not accustomed to them, anyway, there is no hope for private placement, they will try to find ways to tease them, to the death to fill the wine. After drinking, they went to nightclubs and made a lot of ugly faces, some of them vomited all over the place, and some ran to the women’s bathroom to sing and dance wildly.
One time, two British people came to the private placement, and we tried to persuade them to drink, just as we did. I didn’t expect them to drink a lot, they drank us all down. The next day, we went to the shipyard, and since the photographer was hungover, I asked the typist to take a camera and take pictures with us.
7
In the blink of an eye, the boss said “the end of 2015” is still a quarter away, private equity is a lot of people came, but did not negotiate, but the reception expenses are very big. The market is weak and there is no sign of recovery, the business is supported by bank loans, the boss is very worried about the future of the business. The competent and connected employees have all jumped ship, and the rest are just being a monk for a day and hitting the bell for a day.
Still, people often called to inquire about the stock, and some people even ran to the city specifically to pull the wool over the boss’ eyes. Immediately afterwards, according to the domestic saying, the company’s stock was put under the “*ST” cap by the stock exchange (to warn the stockholders that the stock was at risk of delisting). The boss simply put all the cargo ships, shipyards and coal mines under “personal contract”. If no one was contracted, the company was closed down and taken over by our office. Many relatives of the boss lost their jobs, but the boss reassured them: “When the new project is implemented, we will recruit you back. Now those who should be compensated get compensation, those who should rest go home and rest.”
The boss returned all the stocks bought by the employees and outside people at the original price, and everyone’s hanging heart finally fell down. Although they had invested for several years and did not make any money, they were satisfied that they had not lost any money.
The boss was in a dilemma and wanted to start a new project but had no money, so he transferred 90% of the shares of the listed company to Mr. Wan for 80 million yuan. Later, a document was issued, officially announcing Mr. Wan as the president and the boss as the executive CEO, and the contracting operation was implemented by Mr. Wan’s people.
Unexpectedly, Mr. Wan not only stopped the losses, but also about profit – but all enterprises contracting period is one year, the contractor in order to earn money are short term operation to kill the chicken and eggs, equipment running at full capacity, coal mining, ignoring safety and planning. Shipyard private contracting but two months, the contractor subcontracted to a scrap acquisition, the site trash piles, flies, the former “garden factory”, they are completely different.
After Mr. Wan took over, the bank sent people to take pictures of the physical inventory of the company every six months, but few people came. Everyone was a bit uncomfortable when they suddenly had nothing to do.
Later, I heard from someone above that Mr. Wan, by virtue of his past relationship with the boss, had met the leaders of several banks, and now he often takes these people on trips to places like Southeast Asia and America, and now and then he takes them to Macau or Las Vegas to gamble a few games. Mr. Wan said to us in the video meeting: “Now the industry is not doing well, only financing to open up new markets to tide over the difficulties. We do our job well, especially the safety supervision of foreign contracting enterprises, we must not relax. I have visited several projects abroad and got the strong support from the bank, ready to do a big job.”
Then, he gave the administrative staff an increase of 300 yuan salary each from this month, the middle level an increase of 1,000 yuan, and the top level also an annual salary adjustment. Everyone gained some confidence in the business again.
One day in November, Mr. Wan called me and said he wanted to do a corporate equity pledge. I read the information he passed to me, he wanted to package the whole listed company and sign an equity pledge agreement with the bank for a loan of 500 million. I secretly praised him, it was a big deal.
After the success of the loan, Mr. Wan set up new companies in Shanghai, Nanjing and Beijing to increase the cash flow and create a scene of normal production and operation. Since the boss became the executive CEO, he has not been too much inquisitive about the listed companies, but has been focused on seeking new projects for the group, and has recently determined to enter the logistics industry.
Looking at the respective development of the boss and Mr. Wan, everyone gradually woke up – it turned out that Mr. Wan did not spend a single penny, and took over the mountain that the boss had worked so hard to build, reasonably and legally. Our county is the country’s inland poor counties, the boss’s knowledge, eyesight are very limited, the capital market is even more ignorant. His master’s degree in economics, is also paid to put on a face, in fact, is a junior high school graduate.
And Mr. Wan, after taking out a huge loan from the bank, is now preparing for an overseas shell listing, and if successful, he will make a lot of money. We speculate that Mr. Wan, as a foreigner, should not stay in mainland for a long time. From his business expertise, he has no patience to do industry for a long time, and it is needless to say who will be the receiver of his industry.
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