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Text Chapter 1031: Pu Cheng Crisis

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    After Shen Huai left Lanshan, he received a text message on the way and asked Tang Baocheng and other entourage to return to Xucheng first. He and Sun Yalin drove to Yushan without even a driver.

    "The text message didn't even show the mobile phone number. Who on earth has the materials to hand over to you, making it so mysterious?" Sun Yalin took Shen Huai's phone in her hand and turned over the text message.  I checked several times but couldn't see anything.

    Shen Huai drove along the alley in the east of Yushan City. He saw Dai Ying standing on the side of the alley with his head raised and looked up, so he parked the car.

    Sun Yalin had no impression of Dai Ying, but seeing that she had a beautiful face, she deliberately wore a plain jacket with pockets. She probably didn't want to attract the attention of passers-by, so she didn't make a sound to startle her.

    Dai Ying stopped the car and saw Shen Huai sticking his face out. He breathed a sigh of relief and handed over a few crumpled pages of paper and said, "Dai Yi brought back a stack of documents a few days ago.  I couldn¡¯t quite understand that these pages were the ones he threw in the trash can, so I hid them secretly"

    Shen Huai took the pages, glanced at them twice, put them down, and said to Dai Ying, "Thank you for your hard work."

    Dai Ying was also afraid that others would bump into her contact with Shen Huai, so she didn't dare to talk to Shen Huai in the alley. She didn't look at who else was sitting in the car, so she turned and walked into the alley.

    The alleyway was very narrow. Shen Huai slowly backed the car onto the street and asked Sun Yalin: "Should we rest in Yushan for a day?"

    "Okay," Sun Yalin said while still studying the pages that Dai Ying handed to Shen Huai, "running around these past few days has made my bones fall apart, so resting for a day in Yushan can give me some relief.  "

    Shen Huai drove the car directly to "Yushan Family".

    As soon as the car entered the yard, Yang Lili ran out of the building. When she saw Shen Huai sitting in the driver's seat, her beautiful smile froze and she asked in surprise: "Why do you have time to come to Yushan?"

    "What, am I not welcome?" Shen Huai asked.

    He hadn¡¯t seen Yang Lili for a long time, and he saw that she was still as beautiful as ever. She was wearing a brown coat, with her sleeves rolled up half way, revealing a jade-like lotus root-like snow-white forearm.

    In the past few years, no one thought that Yang Lili would really be willing to stay in Yushan and run such a large and elegant hotel. It was also the mountains and rivers of Yushan that made her eyes more moist and bright.  It is bright, but there is an indescribable shadow hidden in it. It is as deep as an ancient well and a deep pool; the face is also soft and charming.

    Yang Lili saw Sun Yalin's car in the office, and thought that Sun Yalin had come to Yushan to rest for two days. She really didn't expect that Shen Huai was with Sun Yalin, but she couldn't hide anymore and said no, so she gave Sun Yalin an angry look, blaming her for not  Call ahead and say so.

    To say that she doesn¡¯t love her is to deceive others and herself, but Yang Lili doesn¡¯t know how to deal with the bad relationship that developed between her and Shen Huai that night.

    I can¡¯t figure it out, I would rather not see her. She has been living at ease in Yushan for the past two years. When we suddenly meet her, she is neither smiling nor not smiling. The smile is condensed in the dimples of the fat face, but there is another kind of surprising charm.

    She looked at Shen Huai's face and felt a little confused in her heart, but she would not admit it in her mouth. She only said: "Oh, then you must have come to see Yu Wei."

    "Yu Wei is also in Yushan?" Shen Huai asked in surprise.

    Although nothing happened between him and Yu Wei, there are some things that cannot be cleared up by the innocent. Kou Xuan is very close to Yang Lili, so she might tell Yang Lili everything that happened that night; of course, neither does Sun Yalin.  A man with a tight mouth.

    ¡°I heard that I¡¯m here to discuss a project. If you don¡¯t know, I won¡¯t know the details.¡± Yang Lili said.

    Shen Huai thought about his confused emotions and didn't know whether Yang Lili welcomed her or not. Seeing that she deliberately dragged Yu Wei to her, he knew that she still didn't want to see him. She was also a little embarrassed and regretted her decision to stay here.  Stay one night in the mountains.

    The weather in April was very mild. Shen Huai had never thought of staying outside before rushing to Lanshan. He didn't bring any change of clothes or other luggage with him. Yang Lili arranged for him and Sun Yalin to live in a room with a small patio.  's yard.

    The patio corridor is paved with cobblestones, and there are two clumps of green bamboo planted in the corner. There is a stone table under the neem tree and surrounded by several low mounds carved from tree roots. It is very elegant.

    At this time, the twilight is just right, and the afterglow of the setting sun shines on the fine purple flowers on the top of the neem tree, and the fragrance is fragrant.

    "What are Dai Yi and the others doing studying Pucheng Group's materials at this time? Do they want to dig a gap from Pucheng Group?" Sun Yalin asked carelessly, "But this is the right logic."

    Under the deliberate guidance of Chen Baoqi, Qi Jingyao and others, the provincial propaganda department deliberately condoned the media and some overseas environmental agencies in the Lanshan coastal area.The facts were created on ??development and other issues, and the matter seemed to have the intention of targeting Shen Huai.  However, with the central government changing, Shen Huai did not think it was necessary for Hu Xi to point the finger at him in the province at this time, and suspected that Hu Xi's move was probably to use him to confuse other people's attention.

    The situation discovered by Dai Ying is consistent with Shen Huai's guess, and it makes sense logically.

    The few pages of paper Dai Ying handed over to Shen Huai did not contain any top-secret information. They were all fragmentary materials about the Pucheng Group. However, as far as Dai Yi was concerned with studying the materials of the Pucheng Group, it was  It's already top secret news.

    Shen Huai pondered deeply, and Sun Yalin asked him again:

    "By the way, what does that woman have to do with you? Why can't you be involved with a beautiful woman?"

    She thought she knew the beautiful woman next to Shen Huai well, but she didn't expect that there was an unfamiliar face in front of her.

    Yang Lili did not ask other waiters to come over to help. Although she was a little embarrassed to face Shen Huai, she still personally arranged for them to stay. I don¡¯t know who Shen Huai and Sun Yalin met before they came over.

    Seeing that Yang Lili was looking over, Shen Huai said to her: "You may also know that there used to be a female host named Dai Ying on the Xiapu County TV station. Later, she asked Qi Jingyao to be transferred to the municipal TV station and worked with the Provincial Party Committee Organization Minister Dai Lesheng.  We have a very close relationship with our son Dai Yi. But Dai Ying still remembers that she is from Xiapu, and she will remember to tell me if there is any trouble; she brought these things to me."

    Yang Lili was slightly startled. She had some impressions of Dai Ying, but she didn't know that she would be Shen Huai's spy on Dai Yi and Hu Lin.

    Seeing that Shen Huai was not afraid to let her know about these confidential matters, she felt indescribably happy. She came over and saw that a few pages of paper were printed with materials from Pucheng Group.

    Although Yang Lili has not been out much in Yushan in the past two years, she can still clarify the intricate relationships in the province. Zhao Moshi has a close relationship with the Pucheng Group and the provincial governor Xu Pei. The central government will change its leadership in half a year, and the province  The change of the municipal party and government team will also coincide with the change of the central government. At such a sensitive moment, Dai Yi and Hu Lin's research on the Pucheng Group's materials is enough to arouse a lot of imagination.

    Yang Lili asked: "Is there any big problem in Pucheng Group that will drag Governor Xu into trouble?"

    "Yes, if Pucheng Group has no seams on its body, it won't be afraid of flies biting it." Shen Huai said, but he also saw that Yang Lili's eyes were brighter than before, and thought that women are really weird.

    Shen Huai didn't want to think about what Yang Lili was thinking. He wanted to focus on Pucheng Group at this time.

    Zhao Moshi once secretly sent someone to monitor his residence. Shen Huai did not expose this matter. This was mainly because he was unwilling to break up the cooperative relationship that he had had with Xu Pei and the Department of Economics and Economics for several years, which had been a tacit understanding and mutual tolerance.  But it does not mean that he will relax his vigilance against Zhao Moshi and Pucheng Group.

    Sun Yalin also knows these things.

    It was also because of this incident that what happened to him, Yu Wei, Kou Xuan and his daughter happened later; Shen Huai suspected that Yang Lili also knew about these.

    Although Shen Huai did not take any direct measures against Zhao Moshi and Pucheng Group, he paid attention to collecting some materials in the past two years.

    As the earliest private listed enterprise in Xucheng and the largest private enterprise in Xucheng, Pucheng Group can be said to be the benchmark of Xucheng¡¯s private economy.

    Since the Meishan Iron and Steel Department entered Xucheng on a large scale 1999, Pucheng Group has also accelerated its pace of development, stepping out of the electrical appliance manufacturing industry and striding onto the track of diversified development.

    Pucheng¡¯s diversified development strategy is more radical than that of Meishan Iron and Steel and other companies.

    In recent years, Meishan Iron and Steel has launched many mergers and acquisitions, mainly to acquire companies with high-quality technology, human resources or industry resources; in addition to integration and reorganization, it has also conducted in-depth exploration of resources, carried out industry incubation, and continuously consolidated and  Strengthen the industrial cluster advantages of the Meishan Iron and Steel Department.

    Pucheng¡¯s mergers and acquisitions are much more brutal.

    Around 1999, Pucheng Group changed its name to Pucheng International Investment Group. In addition to the listed company Pucheng Electric, it also participated in the reorganization of two listed companies, Jianghe Phosphorus Industry and Qianxi Diesel Machinery, and successfully obtained these two companies.  controlling stake in a listed company.

    Before and after Pucheng Investment, three listed companies were used as a platform, and the equity held by the listed companies was used as collateral to continuously obtain a large number of loans from banks and other credit and trust financial institutions to carry out magnificent mergers and acquisitions.

    The scale of M&A assets led by Pucheng in the past few years even exceeds the direct investment in industry made by the Meishan Steel Group in the past two years.

    Since the assets acquired by Pucheng are mainly injected into three listed companies including Pucheng Electric, Jianghe Phosphorus Industry, and Qianxi Diesel Machinery.The company is undergoing integration and reorganization, which has also greatly stimulated the rise in the stock prices of these three listed companies.

    In the past three years, the total market value of these three listed companies has continued to skyrocket from a low of less than 5 billion three years ago to 40 billion at this time, an increase of more than eight times, becoming the top spot in the securities market in the past two years.  The famous "Troika of Pu Cheng Clan".

    ??Also because the market value of the equity held by Pucheng in three listed companies continues to increase, Pucheng has also continued to provide additional equity pledge loans to financial institutions to support its expanding scale of mergers and acquisitions.

    Although many things are confidential and not known to outsiders, judging from the financial information disclosed by the three listed companies, Pucheng is owned by only three listed companies. The scale of mergers and acquisitions in the past few years has reached tens of billions, involving hundreds of companies.  The company has also incurred huge debts.

    Shen Huai estimates that the debt scale of the entire Pucheng system may be as high as 12 billion, or even higher.

    The rapid expansion, or rapid expansion, of Pucheng Group in recent years can be said to have been carried out with the tacit approval of Xu Pei.

    ¡°Perhaps Xu Pei simply hopes that there will be such a benchmark company under the Department of Economics and Economics, which can compete with the Meishan Iron and Steel Department and the Rongxin Department in the province.

    However, once the Pucheng Group's building collapsed, Shen Huai could not imagine how Xu Pei would protect himself.

    Cui Weiping and Hu Lin set their sights on Pucheng Group, and their eyes were quite vicious.

    Shen Huai didn't know if Xu Pei would feel a chill running straight to the back of his head if he knew about Cui Weiping's plan at this time.

    ¡°Although the sales revenue of three listed companies, Pucheng Electric, Jianghe Phosphorus Industry and Qianxi Diesel Machinery, has been growing rapidly through continuous mergers and acquisitions and reorganizations, these three listed companies cannot digest the acquired assets well.  The profit levels of the three listed companies, instead of expanding in line with the scale of sales and acquisitions in recent years, have continued to shrink for three quarters. This is definitely not a good sign,¡±

    Sun Yalin said in a light tone,

    "This is still the financial data disclosed to the public by three listed companies. I don't know how much worse the real situation is. The performance and future expectations of the three listed companies are far from enough to support the current high stock prices. Someone is definitely manipulating the stock prices behind the scenes.  ¡­¡±

    "Many people can guess the manipulation of stock prices behind the scenes," Shen Huai said. "Pucheng's loans from financial institutions may be as high as 12 billion or more, mainly using the equity of three listed companies as collateral. They  If the stock price is not supported, once the equity market value shrinks and is no longer consistent with loan financing, financial institutions will require Pucheng to add corresponding pledges. If Pucheng cannot provide more pledges, financial institutions will  Pursuing the loan, is this not going to end Pucheng's life? However, as far as the current domestic securities market is concerned, manipulating stock prices is not a serious shady matter. As long as Pucheng manipulates stock prices to rise, shareholders and investment institutions can reap the benefits.  If you don¡¯t cause trouble, the regulatory agencies will just turn a blind eye"

    "You mean, Hu Lin and the others are unlikely to exploit Xu Pei's gap in Pu Cheng's manipulation of stock prices?" Sun Yalin asked.

    "To dig a gap in this aspect, we need to have strong enough people in the provincial securities and financial departments, and collecting evidence is not easy. When we were making a fuss about the Dongjiang Securities case, we just happened to catch the core person.  Otherwise, it is still possible to fall into a bullshit," Shen Huai said, "I am not sure, I think it is unlikely that Hu Lin will alert the snake."

    At that time, Xu Pei had almost monopoly power in Xucheng City. Later, he got the real-name report from Xu Xian before pulling the strings to dig out the case. However, the investigation of the case was limited to Dongjiang Securities, which shattered Hu Lin's dream of additional financing and failed to do so.  Follow the clues to get into Rongxin.

    Shen Huai guessed that even if Hu Lin and the others had the intention, they would not be in a hurry to dig a gap in this aspect.

    ¡°In addition to the fact that the key evidence is difficult to grasp and the relevant power departments in the province are controlled by Xu Pei, there is another reason. In the Dongjiang Securities case, the Rongxin Department may have some leverage that Xu Pei can grasp.

    Once Hu Lin wants to attack the Pucheng Group from here, and wants to involve Xu Pei by following the clues, they will have to be on guard against Xu Pei using the evidence from the Dongjiang Securities case to bite them back.

    Just as Pucheng Group used all means to annex Dongshi Automobile Factory and Yuanye's car production department, Shen Huai believes that in the past few years, Pucheng Group has participated in the restructuring and reorganization of two listed companies and carried out such large-scale loans and mergers and acquisitions.  , there are definitely more than one or two despicable shady scenes.

    Shen Huai also believed that Cui Weiping, Hu Lin and others were finding loopholes in the Pucheng Group. Even if they started to use him as a cover in order to divert Xu Pei's attention, Shen Huai believed Cui Weiping, Hu  Lin and the others should already be 70 to 80 percent??Grasp.

    "Did the Hu clique rush too fast? They could wait until the central government changed its leadership before giving Xu Pei a fatal blow?" Sun Yalin still had some things she couldn't figure out.

    The transition of provincial and municipal governments and the central government are almost simultaneous. As far as the Department of Economics and Economics is concerned, it is usually hoped that the adjustments that need to be made at the provincial and municipal levels can be made in place before Prime Minister Wang Yuan retires, so as to avoid Prime Minister Wang Yuan's resignation.  After going down, the weight of his words weakened and he fell into wrangling; as far as the Hu clique is concerned, the right to speak on personnel affairs is weak at this time. Even if Xu Pei is kicked out at this time, it may not be the turn of the Hu clique officials to take over.  They can wait until Zhao Jiahua takes charge of the work of the State Council before taking any action.

    However, nothing is absolute. If the case involving Pucheng Group has a great impact, the Hu clique can use this to disrupt the plans of the Department of Economics and Economics before the change of office, instead of just competing for the position of Secretary of the Huaihai Provincial Party Committee.  .
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