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Chapter 174 Raising Funds

After the National Day, a series of news came one after another.

Donghua Mining was listed, Wang Zhiyong also took care of the work of the mining company, and Ren Zhigang from the machinery factory was appointed as the vice president of the mining company. If it can grow, this business will be handed over to him in the future.

Ren Zhigang did not expect to be hit by a "pie".

In the past two years, his classmate Ren Jianfu has become "trembling".

Ren Zhigang's daughter-in-law muttered: "You see, when people build their wealth, they become middle-level, their wages and bonuses go up, and one person can support you several times, so you can't work hard?"

In fact, Ren Zhigang worked very hard: he won the championship in the skills competition last year, and he received a bonus of 100,000 yuan; at the annual meeting at the end of the year, the company rewarded their team with 200,000 yuan, and he received another 20,000 yuan; during the grading at the end of June this year,

He obtained the rank of senior engineer, and his rating was only one "star" away from that of technician.

After careful calculation, he has taken home more money than Ren Jianfu in the past two years.

But Ren Jianfu is a middle-level employee, in charge of the foundry workshop of Donghua Heavy Industries, and his skills registration has reached the level of "technician".

Therefore, Ren Zhigang has always been under pressure and thinks that his wife is right.

He didn't want to get into the middle class, but he kept working hard.

At the beginning of this year, he paid more than 40,000 yuan to get a 120-square-meter house in Donghua Mingyuan.

There was a special study room in the new house. The books he read at the technical school were placed there. He also filled in a lot of new books, drew pictures, and took notes. The study room was made like a studio.

After Donghua Computer went on sale, it was sold to internal employees at a 15% discount. Ren Zhigang also bought one and installed a network cable.

In his spare time, Ren Zhigang often goes online to participate in forums as a "fan". The forum he often goes to is the forum listed on the Donghua Group website: Hammer House.

The moderator of Smartisan is Chen Tianyi, the group’s technical director.

Some technical issues are often discussed on the website, and there are even experts with a technician level who use their "real body" to explain the processing technology in the "Huashan Sword Discussion" section of the forum.

Of course, the forum not only has a technical section, but also a section called "Tucao Suggestions", which is the most popular section.

The hottest topic in the "complaints" section two days ago was "the stock market."

It is rumored that a new employee in the company's strategy department named Gu Jianxin is good at "stock trading". After arriving, he registered the pen name "Mr. G" in the forum and often posted his views on the stock market and his opinions on a certain stock.

Judgment of future trends.

This "Mr. G" publishes articles almost every day. Some people from Donghua Electronics who are keen on stock trading often log in to the forum to watch and "read".

His posts are often "pinned" and "enhanced" by administrators.

The last paragraph of Gu Jianxin’s commentary was “On the Gloom of the Stock Market” and he wrote:

"Due to the generally poor quality of listed companies, investors are unable to choose truly valuable stocks, which creates a huge space for market operations.

In a sense, the Huaxia stock market is a ‘story meeting’…”

His views were even approved by the chairman of the group, and he received "66" flowers from Chen Lidong.

What are these flowers used for?

The first is a kind of authority. It is said that if you reach 1,000 flowers, the forum level can be promoted from "fan" to "young hero", and above that there are "rudder" and "alliance leader".

The chairman has the highest level and is called "Supreme".

Later, for unknown reasons, "Mr. G" disappeared and the post was deleted.

People estimate that Gu Jianxin resigned or was resigned, and only a few senior executives knew that he was sent to Pengcheng to open an office.

In the "complaints" section of the forum, the top post now is: "The motor factory and the machinery factory are too close to the living area, and the noise disturbs the residents."

The original site of the Machinery Factory and Electrical Machinery Factory was at the east end of Nanchen Village, covering an area of ​​less than 200 acres.

Later, Nanchen Village was completely demolished and moved to Xiaokang New Village. Donghua Mingyuan was built to the east of Xiaokang New Village. To the north of Donghua Mingyuan were the machinery factory and the electrical machine factory.

The machinery factory and the electrical machine factory have a huge business volume, and they also operate four shifts and three shifts, day and night, and the sound of tinkling and clanking is inevitable.

The houses on the north side of Donghua Mingyuan were affected.

After hearing the feedback, the property management company replaced the double-glazed windows for free for residents. However, in the summer, people still like to open windows for ventilation, so noise inevitably comes in.

There is also dust. There is Ren Jianfu's casting workshop in the machinery factory. Although the workshop has installed a bag dust collector, people on the north side reported that dust will still drift in after opening the windows.

Later, "Supreme" expressed his position in the forum: Make arrangements as soon as possible. We will move the factory next year and build a park and library at the old factory site.

It is rumored that all three factories will be moved to the steel industrial park. The engineering department has already started the design and foundation treatment.

The machinery factory, motor factory and foundry will be completely separated and formed into independent institutes, which will be completed around May 1 next year.

The "fans" in the forum gave a piece of flowers to "The Supreme".

After opening it, Chen Lidong curled his lips and muttered: "The maximum number is only 66, a bunch of stingy people."

Behind Chen Lidong, Sun Jie said while combing her hair: "That's right. Flowers can be exchanged for skills. I will reward you with 66 flowers, but you are bleeding profusely."

The so-called "technology change" generally takes two forms:

The first is a "reward" post. If you encounter technical problems, you can send a "help" and "reward" post, and the reward is flowers.

If the other person's answer is exactly what you need, you have to give them the promised flowers.

The second type is "permission" to read posts.

If the poster thinks that he has some practical skills that are worth showing off and can be exchanged for flowers, he can post on the forum, such as "Experiences of using machine tool shock-absorbing horns", "Vertical diamond boring machine cutting specifications" and so on.

The person who posted the message will set the reading permission and send it to collect the flowers.

Those who want to read can only browse the post owner's article after deducting a certain amount of flowers.

How to get flowers? In addition to posting technical posts to collect flowers, you can get single-digit flowers by "watering" the forum every day, completing reading, and "watering" tasks.

So 66 flowers are a harvest of several days.

The top post in the forum right now is about Donghua Group’s fundraising from all members.

Issued in the name of the group office, the general content is:

In order to relieve the group's fixed asset investment pressure, with the approval of Luo Hao, the group's vice president of administration, the group's general manager and the finance department were responsible for launching a fund-raising initiative from all members of the group.

The fundraising period is from now until the end of October.

The fundraising amount is RMB 150 million.

Regular employees of Donghua voluntarily raise funds to buy shares, with RMB 1,000 per share, and each person is limited to 100 shares.

The repayment period for the funds raised is 12 months, and the current one-year bank loan benchmark interest rate is 8.64. The annual interest rate for the funds raised by Donghua is set at 2.4 cents, which is close to three times the bank interest.

The company promises: Fund-raising is voluntary and capital withdrawal is free. Employees who participate in fund-raising can apply to withdraw the funds raised at any time. The interest incurred will be calculated on a daily basis and will be paid together with the capital withdrawal.

Why raise funds?

In fact, it is to complete side tasks.

According to September’s financial statements, Donghua Group’s assets are close to 1.8 billion yuan.

Task 1 requires debt to reach 40%-60%, and the company's debt must reach at least 700 million.

The loan from the China Development Bank has reached 400 million yuan, and the loan from the People's Bank of China has reached 600 million yuan. It was later adjusted to 500 million yuan, but it has been unable to be approved.

If you calculate it this way, you will need to borrow 300 million yuan.

However, according to system calculations, the debt is still short of 150 million.

How did the other 150 million in debt come out?

It is shareholders' undistributed profits, also called owners' equity, which should be included in the balance sheet.

For example, the 80 million from the major shareholder Chen Lidong was transferred to Lucheng City Finance by Edmund and distributed to the villagers around the tailings pond as relocation compensation.

This 80 million is the liability of Donghua Group, which is the company borrowing money from shareholders.

Chen Shujian, Sun Zhenyuan, Chen Lichun, Gennady and other shareholders have almost never received dividends in previous years, and they are all on their books. They are all considered liabilities.

Including Chen Lidong's 80 million, the total is close to 150 million.

If we raise another 150 million yuan, we can almost reach the debt target of 40%.

Therefore, even if the loan from the People's Bank of China cannot be repaid by the end of the year, the task can be completed with the funds raised by these employees.

By then, if it's not enough, just borrow some from the Far East scrapping plant and that's it.

These days, it is not easy to borrow hundreds of millions of dollars.

But Chen Lidong said "privately" to the senior officials in a high-sounding manner:

The company has huge profits, but we can't just let a few shareholders take away the money. We have to find a reason to distribute dividends to employees, so let's raise funds.
Chapter completed!
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