10 master of the Down's brother

 What money do Xinjiang Tunhe 1986, the university attended by the Tang Wanxin with the other six college students when he was in high school chemistry teachers in Xinjiang Bayi help of his brother Tang Wanli, with only 400 yuan in Urumqi founded a company called friend Because the poor can not afford the printing equipment in the local job should get the next Guangdong to resolve. Tang Wanxin have the chance to frequent exchanges in between Urumqi and Guangzhou, broaden the horizons, and activate the mind. After a slight savings over time, customer surplus doors, To earn more money, this is the Tang capital, led the development of new products and technology under the Ministry, in computer software development, these projects are invariably ended in failure. In 1991, Tang seize the opportunity to save the computer, and soon lost again in the make money back. In computers at the same time, Don actively engaged in the securities market of China new, Tang scene at that time there was a paragraph description: Silly, I put all the corporate shares sold, a few months to make a few million. two dollars, three dollars, five dollars, a listing of all turned into ten,UGG bailey button, twenty, and that my eyes have spent . At that time in the secondary market, to see from our investment did not make money, one, one half of the subscription market, the money we earn. is more important than making money, we have personal experience of capital markets. In 1992, Tang and incorporated a few friends, Involved in real estate investment in 1995, Tang, Delong began the real development process. Later, the three brothers Tang Wanli Tang, Tang Wanping, Tang Wanchuan have joined the cause of his brother, Deron gradually from a friend's company evolved into a class of family business. Throughout the history of Down Brothers fortune, China Over the last decade almost all the money-making opportunity for them to catch up, which probably can not simply be attributed to Down's brother, life is good. One to the capital in terms of level and the level of industry consolidation, private entrepreneurs in China, probably not yet out in its right by Down Brothers. China A shares three listed companies: Xinjiang Tunhe, alloy investment,bailey UGG boots, Torch, since Down took over the highest stock price rose 1,100 percent, respectively, 1500%, 1100%, this increase can only be used , and no matter how volatile the market, what stock analysts are ugly slander, . Throughout the three-step integration of Xinjiang Tunhe Down capital operation and investment in the alloy, Torch, Xinjiang Tunhe integration of three listed companies have a lot of worthy of note. In contrast, the reorganization and integration of Xinjiang Tunhe can show the skill of Down's capital operation. In terms of a listed order, Xinjiang Tunhe (600737) should be 3 Delong, Department of listed companies, but shares of the time, the Xinjiang Tunhe Delong shares is the first listed company. Xinjiang Tunhe formerly Xinjiang Autonomous Prefecture Toutunhe cement plant, which is a collective started by lending small factory, established in 1983. 1993, after restructuring, the first production plant to become joint-stock enterprises in Xinjiang; June 1996, with Xinjiang Tunhe listed in October that year, Xinjiang Delong Delong Group's Xinjiang Tunhe International Industrial Corporation stock company transferee collective shares 10.185% stake, in order to enter the fourth-largest shareholder of the company; 1997, Delong Group acquired the Tuen River Trade Company under the three small state-owned factories; same year, the Tuen Mun River shares, Tuen Mun River Trade and Industry and the agricultural co-founded Tunhe Xinjiang Tunhe Group; 1998, Delong Holdings Tunhe Group. Xinjiang Tunhe Delong is currently the fourth largest shareholder of listed companies, is also the parent company of Tunhe Tunhe Group the largest shareholder. Down Brothers Xinjiang Tunhe directly and indirectly holds 40% stake. Integration of Xinjiang Tunhe Down the background, in 1998, Xinjiang has more than 100 cement manufacturers, cement production and excess capacity. Xinjiang Tunhe cement production capacity of about 40 million tons, in 60 km radius around the region, ranging from a 4,5-scale cement production enterprises, of which more than 100 million tons of annual output of cement industry in Xinjiang, Cement and Xinjiang Tunhe less than 50 kilometers apart. Because the cement market is a relatively closed,Bailey UGG boots, regional marketing, sales, only about 500 km radius, vicious competition so that each enterprise had to bargain hard, companies lose money, suffering, caused headaches for local governments. The integration of Xinjiang Tunhe, Down designed a three-step program: the first step, only strong voice, Xinjiang Tunhe greatly enhance competitiveness on the one hand, by investing in technical innovation, and expand production increased Xinjiang Tunhe competitiveness; the other hand, by some small cement plants around the growth of Xinjiang Tunhe scale mergers and acquisitions, listing Xinjiang Tunhe two basic investment funds raised in this placement. Down an iron hand by integrating a year later, the development of Xinjiang Tunhe annual production capacity of over one million tons of Xinjiang's second largest cement companies. In 1999, Xinjiang Tunhe rival Xinjiang Tianshan Cement reorganized into joint-stock companies, as listed in the smooth realization of Shenzhen. Delong shares for the Tianshan Mountains (000 877) one of the sponsors, through its Financial Leasing Co., Ltd. of Xinjiang Tianshan holds 1.16% shares of corporate shares, shares not large, say not small. Needed after the listing of shares in Tianshan a good account of performance reports to investors, faced with cement production capacity of Xinjiang Tunhe rapid growth and continuous improvement of competitiveness, such as the thorn in the side of Tianshan shares. In this case, Down by the identity of the promoters of shares of Tianshan, the logical way out of the second step. March 2000, under the auspices of the Down, Tianshan shares and Xinjiang Tunhe reached an agreement, the two sides established a new joint venture company registered the new company, purchased with funds raised in 2000 51% stake in Xinjiang Tunhe annual output of 100 tons of cement to the production equipment in order to account for new physical assets, the company invested 49% equity. With the establishment of joint venture, the original two deep-seated antagonists turn hostility into friendship, hold the right to absolute control of the new company shares in Tianshan Mountains, Xinjiang became the undisputed boss the cement industry, Xinjiang Tunhe then gradually fade out from the cement industry. In 1994, the Down brothers set up in Xinjiang Delong Agricultural Development Company, started to pay attention agriculture. 1995 Delong Delong Agricultural Development Agricultural Development Company Limited changed its name. With the cement industry in Xinjiang Tunhe fade from the Tang began to plan the assets of Xinjiang Tunhe replacement, the concept of the red into the Xinjiang Tunhe agriculture. Down the Delong has developed for many years, cultivating a mature market, the basic characteristics of tomato and other agricultural products processing industry in Xinjiang Xinjiang Tunhe into service, Xinjiang Tunhe the main business of concrete into agriculture, Down's called the to temperature difference between day and night, and no pollution, where the red pigment produced high levels of red fruits and vegetables, rich in vitamins and nutrients, a healthy food concept. especially the tomato, Xinjiang is rare in the world, the most suitable for planting region of tomato, tomato yield, good quality. That is why, tomato sauce and other tomato products into Xinjiang Tunhe worked earliest, largest and most mature With the smooth transition of Xinjiang Tunhe main business, to achieve its integration strategy with Down's third step. At present, Xinjiang Tunhe annual production capacity of tomato sauce for 24 million tons, only the world's largest production capacity of more than U.S. Heinz (Heinz) group by 2 million tons; its products are mainly exported to Europe, ranking first in exports, foreign exchange earnings each year 4,000 million. Xinjiang Tunhe the same time is another intensive industries - carrot products. This project can stagger the processing of tomato sauce, season, using 80% of its production facilities, will produce extension of five months. Currently they are co-operation with the Chinese Academy of Sciences, the new 5,000 tons a carrot functional health beverage production line. Safflower, wolfberry, grapes and other process industries are also being run them. The end of 2000, Xinjiang Tunhe net assets reached 836 million,UGG boots, 4.3 times in 1996; net profit of 91.858 million yuan, 3.4 times in 1996. At the same time, its stock market value reached 7.83 billion yuan, an increase of 9 times more than the market at the beginning. Down on the reorganization of Xinjiang Tunhe many birds with one stone can be described as fully demonstrated their superb skills in capital operation: the Tianshan shares and Xinjiang Tunhe is no longer bitter rivals, and become partners in co-development of the market; through the establishment of the new joint venture Company shares have is ready Tianshan capacity, ready-made market, the interests of shareholders is guaranteed; Xinjiang Tunhe the smooth realization of the realization of assets, as the main foundation for business transformation; by Long early investment in agriculture to exit; use of In Xinjiang Tunhe achieve transformation, Down in the further integration within Xinjiang Tunhe. Integrated in two ways: First, the integration of sales channels. In 1999, Xinjiang Tunhe through 20 years of operating history with the U.S. tomato paste vendor acquisition of a new Swiss company, successfully opened the international market and distribution channels; the beginning of 2001, Xinjiang Tunhe billion in cash and funded with the well-known beverage 5.l joint venture company Huiyuan Huiyuan Juice Group, Xinjiang Tunhe holds 51% stake in the group, the use of Huiyuan has built a strong domestic sales network and sales terminals, Xinjiang Tunhe and successfully opened the domestic market sales channel. On the other hand is part of the integration process. Xinjiang Tunhe tomato paste production capacity in a few years from less than 10 million tons to 20 million tons, mostly to other similar enterprises through mergers, acquisition, holding, equity and supplemented by new enterprises, reform the old business expansion come. Raise funds by allotment, Xinjiang Tunhe replenishment of holding a the Down capital operation and industrial integration has its own characteristics of Down Brothers and industry consolidation during the operation of capital when there are two very significant features: first, good use of government resources, the support of the local government, which is on caring people in the Delong alloy investment, Torch and the integration of Xinjiang Tunhe can see clearly the reality of the situation in China, in general access to government support and government resources, often can achieve a multiplier effect; second feature is good use of the industry's leading enterprises, for example, in the process of integration of Xinjiang Tunhe, Delong has been made use of domestic and foreign cement industry leading enterprises in Xinjiang (Tianshan shares boss the cement industry in Xinjiang), Huiyuan (domestic juice industry boss), the new U.S. Swiss company (the former U.S. distributor of several tomato sauce); alloy investment in the integration process, Delong has been made use of the leading domestic and foreign enterprises in Shanghai Star Special Hao ( internal DC power tools boss), Suzhou Taihu Power Tools Group Company (Domestic AC power tools boss), the United States Mao Ruigong Division (the world's largest provider of electric tools); in the process of integration of Torch was Deron is the United States through the use of Wang Wei of Chinese entrepreneurs, the company founded by MAT (MAT is the braking system to the United States the largest exporter of U.S. imports from China the largest importer of the brake system.) This feature, with Tang Wanxin the words: implementation and management with his model. such as soy sauce, vinegar business to find the world most successful, most soy sauce Cuchang, he certainly has reason for his success. you want to invest in a sector, to buy the best companies in this industry, There is enough in this mode. If you integrate the third stream of enterprise, integrating certain strenuous, almost equal to court death. to operate a soy vinegar, soy sauce, be sure to compare 100 Cuchang to see who is the best in the end, who fur the highest interest rates.