Rebirth of the Official Business Route

The weather in Xinwu is cool in summer. Swimming in the open-air swimming pool in the city is still a bit cool. The hot spring lake on Yunshan Mountain is almost constant at the most suitable water temperature in spring, summer and autumn except that it is not suitable for swimming in winter.

Zhang Ke and Sun Jingmeng came to Zhishang, bought swimsuits and took a boat to Huxin Island to change clothes with Sun Jing in a room, but they were kicked and beaten out.

Zhang Ke changed his swimming trunks and sat on the water platform, waiting for Sun Jingyuan to come out. Feet stretched out and swayed in the warm water. In the distance. On the shore of Wengui Lake, many people were swimming. The water surface was vast and a few people were trying to cross the entire lake. . Sun Jing chair came out wrapped in big soap. Her figure is not very tall. At least among the dancing girls, if they are petite, the legs are long and round, and the legs are combined without a trace of white skin. fat. Zhang Ke squinted and looked at him. He thought Xiao Nizi was charming except for her delicate and enchanting face. Fastest update of novel chapters

"Do you still look in your eyes if you can't be blind?" Sun Jinglou glared at Zhang Ke a little angrily, but she slammed Zhang Ke into the water while she was about to sit down next to him.

Zhang Ke couldn't wait for the anti-planting water to choke his head out of the water and smiled happily while watching Sun Jinghao standing on the water platform.

At four o'clock in the afternoon, the sun is not scorching and the lake water seems to be stained with thick green. The lake's light is also shining on the face. Zhang Ke swam around in the lake and saw that Sun Jinglou was not in the water and swam to her side. On her tender thighs, she asked her: "Why don't you get into the water?" "Fiction" "Fiction chapters are updated fastest

"It's okay to watch you swimming..." Sun Jingyuan put her legs on Zhang Ke's shoulders playfully, and rubbed his neck and heel against his waist.

Zhang Ke’s cheeks were pressed against her slender thighs, and she raised her head and looked up at her sky-blue swimsuit. Her chest was rounded perfectly, and she could see that she didn’t wear any more. Uncontrollable hands hugged her and her elasticity was amazing. Waist hip.

What to look at? "Sun Jing clasped the soap tightly and squeezed her legs. She wanted to press Zhang Ke's shoulders down and wanted him to be more honest. Don't stare at her chest, but unexpectedly, this action will directly press the tip of Zhang Ke's nose against her softness. I felt very comfortable on my lower abdomen and I didn’t let it go. I didn’t expect to feel a soft thing between his legs through the swimming trunks.** It was so numb there that Zhang Ke’s ears were abnormally numb and he wanted to judge his head. She stretched Ke to hold her waist tightly and didn't let it go. Sun Jingyuan couldn't bear to pull his ears and hugged his head, and slammed into the water to pour out a splash of water.

Zhang Ke caught Sun Jingsuo's neck and put his whole person in the water with his legs caught in the water. After a long time, he struggled with his head out of the water. At this time, Sun Jingbang was already swimming far away like a mermaid. Zhang Ke climbed onto the water platform and sat down to rest watching the quiet ape swimming in the clear lake. His full buttocks were full of elasticity, and his waist was soft and slender. His beautiful posture was sandwiched between the water. Step on the water and swim around the island towards Zhang Xiandao. If you swim past me, you will promise you whatever you do."

"Really?" Zhang Ke stood up and asked.

"It's just the two of us here. I want to lie to you, right?" Sun Jingyuan shook his head in the water.

You lied to me and raped you. "No matter if Zhang Ke is true or not, a fierce son plunged into the water, Sun Jinghao smiled and said, "You rogue, I haven't started yet" with a smile and cursed that the body is swimming like a mermaid or it is a lot in front of Zhang Ke. .

The small island is not big enough to swim around the small island in a sprinting circle, but it’s tired enough. The key point is that Zhang Ke is so tired that he climbs up the water platform like a dog. Sun Jingyuan is already standing on the water platform and wiping his head with a towel, mocking him and said:" Do you still have the strength to **** me?"

Zhang Kemeng grabbed Jinglou's wrist with her petite and charming body, holding her arms in her arms, making her unable to resist, kissing her soft lips and kissing her beautiful bottom and the crystal-clear jade neck The kiss made her panting.

Sun Jinglou just grabbed her swimsuit to prevent Zhang Ke from pulling it down with great animality. There were other people swimming in the lake even though it was far away.

"Shall we go in?" Zhang Ke whispered softly in Jinglou's ears, while still carrying her crystal clear ears.

"Yeah" Sun Jingzhu was so soft that he almost collapsed in Zhang Ke's arms and put his arms around his neck and said, but you are not allowed to **** me." The soft and sweet voice made Zhang Ke's bones hardened by three points. Putting her thin swimsuits together, Shizuzu can naturally feel reaching out and grabbing the scary thing and saying, "You are going to **** me, as others will see, I will help*..."

No, you have to use this," Zhang Ke Yaling said reluctantly while biting Sun Jing's ruddy lips.

"" Sun Jing pinched the hard thing with her hand, but she hugged Zhang Ke into the wooden house without saying that she disagreed....

It lingered for a long time until the setting sun shone on the hot spring lake before Zhang Ke and Jingwei returned to the shore by boat. On the barge, Zhang Ke lightly hugged Jing Yuan’s slender waist, watching the charming sunset light on the top of the mountain, and asked softly, “When can I do it?”

I have no opinion if you really raped me just now." Jinglou smiled slyly and said meaningfully, "Then wait for later!" The future may be a long time later. "

Zhang Ke grabbed his head and made a painful attempt to hit his head on the bulwark Jing Yuanjiao smiled and ran away to leave Zhang Ke alone.

At night Zhang Ke asked Chen Feirong to accompany his parents to the mountain for dinner. At the dinner, Sun Jing talked about her conception of the talent show "Star DreamWorks" in a serious manner at the table. She has considered this for a long time, and her thoughts are more comprehensive, as if she and Zhang Ke were on the mountain in the afternoon. Just discussing this issue and doing nothing else.

Taiwan, Singapore and other overseas regions have a long history and tradition in the selection of programs. After Sun Jingyuan came to Singapore, she came into contact with related program production. Compared with the domestic stereotypes and lack of vitality for the cultivation and growth of artists, she wanted to make a file in the mainland. A long-period TV festival that combines talent drama and reality TV show*..."

"Although there are singing competition programs such as CCTV's Young Singer Grand Prix in the Mainland, the program unit is too single for entertainment, situational variety and fashion, and it is far from attracting contemporary young people. The professional styling design of the contestants and the production details such as the editing of the orchestra accompaniment at the end of the rehearsal and other production details are not satisfactory." Sun Jingzhu described her understanding and expectations of the talent show and then turned to ask Zhang Ke, "What do you think?"

"My opinion is that I don't agree with Sister Sun's opinion?" Zhang Ketan was noncommittal and let this Nizi not let herself succeed in the afternoon.

Of course my sister supports me." Sun Jingzhu said, "I just need to hire experienced producers from Taiwan or Singapore to be afraid of the mainland's program censorship system."

Variety shows can be relaxed as long as they don’t involve other aspects of politics. Don’t worry about this pressure.” Zhang Ke said that the country is now also trying to imitate overseas to make some entertaining variety shows. It’s just that the review system for domestic TV program production is too conservative, making the country too conservative. Zhang Ke believes that China Century Entertainment does not need to bear too much pressure on the censorship and profitability, but he is worried about the censorship of modern society. The unprecedented expansion of ugly consciousness will make some artists who are contrary to ordinary people's aesthetic concepts emerge suddenly, but he does not support the desire of such artists to become popular. Century China Entertainment and mainland TV stations produce variety shows and talent shows. The main reason is that they are not active in the mainland TV market. First, they can expand the influence of Century China Entertainment through through shows. And then, they can use talent shows to tap talented artists.

"Can the program production directly invite the member companies of Kumho to be brand sponsors?" Sun Jing asked.

"You have to have the confidence to be successful. In short, the one Aida's domestic advertising budget this year is 1.5 billion. It is enough for you to hold it away from the thighs." Zhang Ke said with a shy smile. There are three brands of Xiangxue Haishengxin Xinguang to see which company you are confident of cooperating with. The four brands operated by Kumho have different advertising efforts and target targets. They also focus on the sponsorship of variety show programs. If Xi wants to get the most sponsorship money, it will naturally be Aida as a brand sponsor. Of course, it also needs variety show talents to reach the level required by Aida.

It is one thing for all member companies of Kumho to conduct separate financial accounting resources integration and utilization, but it is also necessary to prevent excessive reliance on internal resources and weaken external competitiveness, especially when the group becomes larger and larger, there will be a tendency to bureaucracy. Zhang Ke Begin to attach importance to advocating internal competition.

Sun Jinglou sniffed his nose in disdain and said, "When I take out the planning... book, you will know who is asking who!"

Zhang Zhixing and Liang Gezhen laughed and waited for Zhang Ke to finish the fight with Sun Jingyuan. Chen Feirong said that Tang Jing's mother Gu Jianping had a cold and Tang Yan would stay in Jinshan to accompany her mother the day after tomorrow.

Tang Zhu could not go to Xinwu to come to Sun Jing, but he did not give Zhang Ke a chance to come in contact alone. He went to Hong Kong to participate in the celebration of the successful listing of Shin Kong Landing. There is no chance to be a thief. "

Affected by the dot-com bubble crisis, the Hong Kong stock exchange market also fell into a slump. Shin Kong Paper's listing was not affected much. The closing price on the day of the public listing increased by approximately... it became one of the few bright spots in the Hong Kong stock market that day. one.

Through the acquisition of a series of assets such as the Jinshan Paper Mill in 1998 and the integration of the market, the annual paper production output of Shin Kong International is expected to exceed 3 million tons. Annual sales and 100-year net profit will reach 1.5 billion. The total number of employees is over 18,000. Thousands of people deserve to be the leading company in the domestic paper industry. The annual output, annual sales and annual net profit are all more than the sum of the second and third places. However, compared with the global paper giants, the strength of Shin Kong Paper is still very weak. 1 year's output Sales are only one-third of that of Huihao, the tenth-ranked paper group in the world.

Through the listing of Shin Kong Paper, the direct capital of 6.6 billion Hong Kong dollars, in addition to 1.6 billion Hong Kong dollars...injected into Shin Kong Forestry, the remaining 5.6 billion Hong Kong dollars, and then borrowed 2 billion from the China Development Bank in corporate bonds of 2 billion. A total of 9 billion yuan will be used to start the pulping project. This is the largest-invested pulp-making project in the Mainland so far that will produce 1 million tons of high-quality wood pulp annually.

The construction period of the pulping project is three years, when the first batch of forests of Xinguang Forestry has also reached the mature period that can be rotated.

Xinguang Forestry's area of ​​reforestation has reached 7 million acres. According to the rotation cycle, it can be used for two million tons of pulping projects every year. Xinguang Paper will import two million tons of waste paper this year in addition to using a large amount of waste paper pulp. To fill the upstream and downstream vacancies with wood pulp, after the completion of the first pulping project, it is necessary to immediately start the second million-ton pulping project in Jinshan, which requires another tens of billions of funds.

Shin Kong Forestry’s planting area has reached 7 million mu, and the comprehensive cost of planting forest land rental staff and salaries is as high as one billion yuan every year. The investment of 1.6 billion Hong Kong dollars in Shin Kong Forestry is only enough for daily maintenance. Well, to further expand, you need to invest a larger amount of money; or you have to wait until the forest has entered the mature stage and has a profit before you can proceed with the next step of expansion.

Since Shin Kong Forestry is listed in Hong Kong, it is necessary to raise funds through public kitchen shops as much as possible.

The successful listing of Shin Kong Paper is the proud work of Zeng Zihui, vice president of Goldman Sachs Asia. In the banquet hall on the top floor of the Peninsula Hotel, Zeng Zihui, wearing a neat shirt, holding a red wine glass, with Shin Kong Paper’s board chairman and president Zhou You, and Shin Kong Paper’s director, Malaysia Yunyuan Group President Guo Songyan, surrounded the crowd like stars in the middle of the day. Crimson Mili in the Blurred Wine Cup The three of them saw Zhang Ke and Tang Yan walk in and hurriedly separated everyone to greet them.

"I discussed with Zeng Zeng that if Shin Kong Paper wants to have a big exhibition, it still needs 20 billion of funds." Zhou You smiled and said to Zhang Ke, "Zeng also designed a general financing path for solving the 20 billion capital problem Qian: This time Xinwu Paper successfully went public. It can purchase shares of Xinguang Forestry by issuing new shares to various holding companies to completely turn Xinguang Forestry into a wholly-owned branch of the listed company. However, it will be publicized and increased through the stock market. IPO funds raised by the holding company through the initial holding of shares of Shin Kong Paper in the securities market to raise funds for investment in its field..."

"Zeng's ideas always make people feel suddenly enlightened. You should carefully consider Zeng's suggestions." Zhang Ke casually said to Zhou You that he took two glasses of red wine from the waiters passing by and divided a glass for Tang Juan and his colleagues. Zeng Zihui and Guo Songyan make a toast.

Shin Kong Paper has separately raised 6.6 billion Hong Kong dollars through the stock market and wants to further raise a huge amount of 20 billion. It is not a task that can be completed in one or two years, but it can only be used as a capital strategic direction of Shin Kong Piaoye. Can't completely pin their hopes on this.

After the completion of the pulping project, even if it is the initial completion of the forestry-paper integration industry model and the more mature it is, the less resistance will be to financing. China is a major national savings country. The national savings rate is astonishingly high. After three to five years, after domestic capital is abundant, Shin Kong Paper has a stable profitability and mature industry model, but there is no need to worry too much. At this time, it is impossible to go with state-owned enterprises in the country. Fight for financial resources.

Although Malaysia's economy has begun to recover in the past two years, the scale and market potential are still not comparable to those in the mainland. Guo Songyan also wants to substantially increase investment in the mainland.

The two core companies of Kumho's Aida Group and Kumho Corporation opened their doors very small, but Shin Kong Paper, Shin Kong Forestry, Xiangxue Haishengxin Electric, Shengxin Telecommunications, and these companies themselves have been working hard to seek public listing for Guo Songyan. Naturally, the cooperative investment of Chinese businessmen in Southeast Asia will not be much.

Guo's cooperation with Kumho in recent years has been quite happy. In the past few years, he has injected funds into Shin Kong Paper in fixed assets and a total of 1.5 billion yuan. After listing, his equity in Shin Kong Paper has a market value of up to 5 billion Hong Kong dollars.

The core business of Yunyuan Group is pulp production. Guo Songyan certainly knows how much value Shin Kong Paper occupies in the integration of the big six forest warfare. At least four to five more than other paper giants in the Chinese market. At the time of the year, instead of reducing his holdings of Shin Kong Real Estate to make a profit, he planned to continue to invest more.

Isn't Shin Kong Paper short of funds? Yunyuan Group can always set aside one or two billion US dollars each year.

Guo Songyan had private exchanges with Zhang Ke and Sun Shangyi about these things, but he would not re-talk to Zhang Ke in front of Zeng Zihui and said with a smile: "When will there be a fourth and a fifth of the three listed companies under the Kumho Corporation? "

"It depends on how Mr. Zeng arranges the work progress." Zhang Ke said with a smile.

"Does Ke rarely feel that I am not doing my best?" Zeng Zihui asked with a smile.

Both Xiangxuehai and Shengxin Electric already have the conditions for public listing. Zeng Zihui even knows that Kumho has had contact with the domestic securities department some time ago and wants Shengxin Electric to be listed in the country. Unfortunately, the securities department only sells Yi Shengxin Electric. Part of the assets are split and listed on the small and medium-sized board. The market value is still limited to 5 billion. The financing amount is only 1.5 billion.

Zeng Zihui smiled slightly. Kumho is probably unwilling to fight for this 1.5 billion big.

Zhang Ke raised his cup suggestively: "No matter how hard Mr. Zeng tries, we still feel that it is far from enough. Who makes us like a fish jumping ashore? Funding is difficult to treat..." He thought that overseas capital is sufficient. However, when listing overseas, it will hurt investment institutions such as Goldman Sachs. Shin Kong Paper, as the first domestic company to complete the preliminary layout of forestry-paper integration, is only calculated based on the P/E ratio of multiples. This is still Kumho and Goldman Sachs. Problem with the discounts obtained after dark trading. At first, Goldman Sachs and HSBC even pressed the price-to-earnings ratio to their mouths and refused to make concessions.

Now it is a win-win situation. After Quantum Online's big rebound after mid-May, the stock price once rebounded to a high of 40 US dollars per share. Venture funds such as Goldman Sachs and Walden successfully reduced most of Quantum Online's shares in their hands to cash out. At this time, the Nasdaq index can no longer hurt their muscles and bones. On the other hand, due to Goldman Sachs's retreat, Shin Kong Paper got a relatively good line price and more than 1.3 billion yuan in funding.

Before contacting Kumho, Zeng Zihui would not believe that there would be such a young consortium. He did not know much about Aida Group’s finances. Kumho was more concealed about Aida Group’s finances, but Kumho Corporation was Kumho’s financing platform in Hong Kong. Core needs to provide credible and verifiable financial reports to financing targets. Zeng Zihui has a good knowledge of Kumho's finances.

After the listing of Shin Kong Paper, the market value calculated at the previous closing price was as high as 25.3 billion Hong Kong Kumho holds the equity of Shin Kong Paper. The market value is approximately HK$125. In order to facilitate the financing of Kumho Corporation, the market value of nearly 10 billion. Shin Kong Ohye's equity is concentrated under the name of Kumho Corporation~www.novelmt.com~ In addition to Shinkong Paper, Kumho Corporation also directly holds shares in Aida Electronics, although Aida Electronics is seriously affected by the crisis of the Internet bubble destruction. The stock price has fallen from its highest point and the market value of rice has also exceeded 30 billion Hong Kong dollars.

Century Kumho acquired the listed company Schwab Real Estate and backdoored part of the commercial real estate into the listed company's approximately irritated stocks directly held by Kumho Corporation. Because Century Kumho only placed a small part of its commercial assets into the listed company. The market value of some of the equity is lower than 100 million Hong Kong dollars.

Even without considering the market value of the equity assets of other industrial companies owned by Kumho Corporation, the market value is over HK$25 billion, although the debt is over US$3 billion. At least from the book, Kumho Corporation’s finances have stabilized, HSBC, Goldman Sachs and other international investments. Institutions have also increased the financial assessment of Kumho Corporation. Even if Kumho Corporation can use Shin Kong Paper’s equity as collateral, HSBC will lend 8 billion Hong Kong dollars to almost the same level as Kumho Corporation’s debt. Increasing to four billion US dollars, of course, will also have to pay two to three billion US dollars in financial costs for the four billion US dollars of debt every year.

If this time ranks Yahong's large-scale consortium enterprises, Kumho should be eligible to appear on the list.