Tang Jun, president of Xinhua are (left) and chairman of Mr Chen. / Photo by Yang Guo reporter
Time Weekly reporter Wang Feidan
when Tang Jun academic turmoil and Zijin Mining detonated one after another when the pollution incident, no one had thought, Xinhua, chairman of Mr Chen may have one of the victims . Tang Jun, president of Xinhua all groups, Zijin Mining was Mr Chen’s largest source of wealth, sent directly to Mr Chen in Fujian richest man in the world. Today, the \It seems that once again stand on the cusp of Fujian’s richest man, the real situation is like? He donated 8.3 billion stock market value of all charitable funds established by Xinhua today how?
was born in Fu-yang
Anxi Xiang Hua Xiangfu Yeung Village, an unassuming small village of ordinary western Fujian, Fujian’s richest man, Mr Chen’s hometown. As long as Die Zeit reporter brought to the villagers for a \\Mr Chen was born in 1961, a child can not pay school fees for primary and secondary school fourth grade will drop out of school at home, then a living by transporting sheet. 20 years, this poor young people from a small articles of daily wholesale department of the tricycle porters start, step by step, from small village to small town, from county to city, from north to south, the development of large shopping centers to create a merger Xinhua all shopping malls, all major groups formed Xinhua, investment Zijin Mining, etc. Today, Mr Chen has successfully established itself as the richest man in Fujian.
\with the dry. \meters. \This one had 100 million yuan of sales income. \
Xinhua at the time of its sales are to electrical pillar industries. However, with Gome, Suning and other electrical appliances chain stores in the coming one after another, Xinhua has this kind of appliance sales share of department stores continue to be squeezed, and now appliances sales only a very small share of total income.
\is Quanzhou, 25, followed by Xiamen, there are 11, Fuzhou has 9. \so bright, he’s a real rise in 2000, China’s largest gold mining shares after Zijin Mining.
that year, Zijin Mining Reform, \Mr Chen Xinhua all group funded by 48 million yuan in cash, get a 33% stake in Zijin Mining to become the second largest shareholder.
a large brokerage firms, according to the Guangdong high-level reveals that what they \
three years after the Hong Kong-listed Zijin Mining, Mr Chen is the largest natural person shareholder net worth of more than one billion Hong Kong dollars in one fell swoop; when the end of 2007, Zijin Mining return to A-share market, Mr Chen holds a stock market value has soared to 10 billion yuan , ten times its net worth soared overnight.
Xinhua that time were still a local department store is not listed. \
addition to dividend income, the Mr Chen Zijin Mining stocks also continued after the lift mad cash. From April 2009 to July 2009, Mr Chen large concentration of cash in three installments, a total cash amount of up to 4.2 billion.
\Although Mr Chen personally have not Zijin Mining within the top ten tradable shareholders, but he is still Zijin Mining Xinhua all shareholders, in Zijin Mining pollution incident, Xinhua Du Zijin Mining still enjoying the high returns that they have.
department of the storm
in the media can not find any Mr Chen’s interview, \Die Zeit reporter repeating the same words. Mr Chen has become a low-key reticent label, but no one really knows Mr Chen is deliberately low-key or low key?
times weekly press has repeatedly send text messages to Mr Chen, but Chen has not recovered. \
who is sitting on assets of 25 billion yuan in Fujian richest man, \Perhaps for that reason, Mr Chen had chosen to spend one billion yuan hired an influential professional managers as president Jun Tang.
self-made businessman usually has frugal instincts, Mr Chen Jun Tang reason punched employ high price, because he knows, Xinhua must transition, or peril.
\Reporter: \Xinhua prices are relatively expensive, but the goods are not so special. \
Xinhua all though is the star enterprise, but its market share has been lower than the Yung-hui’s remarks are secretaries to directorate Xinhua Yan Bing Gong recognition: \Xinhua is considered biased positioning white-collar, but then the concept is vague, and, after all, a high-end supermarkets, said no. \Purchasing a relatively low proportion between the inflated price of the invisible, compressed their margins. Huarong Securities Zhenyu analysis: \gross margin space. \
\familiar with the villagers. \\It is precisely because Mr Chen also recognized this point tree, together with retail market share have been squeezed, Xinhua all be new business, Xun Zhao De profit field for more, so he chose to spend lots of money to attract \Xinhua is the structure.
gorgeous \operations, foreign investment and capital operation, etc., can be seen, Mr Chen Jun Tang Tree’s request is our hope that the predators will help themselves exploiting the boundary, the strategic level to enhance the operation of enterprises, because he knows, Xinhua must \.
\\Many mid-level, including department heads and the president has very little communication.
Jun Tang joined as a result of Xinhua are famous for when Mr Chen did not take the opportunity to step forward, but still chose to stay behind the scenes. \
for Tang Jun, Mr Chen is to give more of their \Jun Tang, Xinhua is almost swept all the press conferences and corporate events. The reporter can accurately call out the names of more than 200 professional managers, are carefully cover the face of the media do not like Mr Chen.
\. \experience, strategic vision is very unique. Xinhua is now the Group has adjusted its strategic layout, the two main business was the retail and real estate, and involves beer, pharmaceuticals, IT, tourism and other fields.
Xinhua all joining in the Tang Jun, shortly after Mr Chen started to cash in his left hand to buy, active in the capital market. Industry from the buried do to massive shot in the capital market, perhaps at the strategic level, Tang Jun Chen made trees bring the biggest change.
part in selling the shares of Zijin Mining, the May 7, 2009, Mr Chen to 235 million U.S. dollars to take over Tsingtao Brewery Lightning (600,600) 7.01% of the shares. Just four months later, Mr Chen re-shot, high throw downed Yunnanbaiyao 2.2 billion (000 538) 6 581 million, as the Er Dangjia Yunnanbaiyao. As a result, Mr Chen occupied the beer industry and the pharmaceutical industry in an important position, these two investments move, also happens to Tang Jun said that the \.
According to informed sources, Qingdao Beer and Yunnanbaiyao part of the senior management is Mr Chen’s friend, so the decision-making process, is Mr Chen decided on the investment intentions, then Jun Tang came forward negotiations, Mr Chen has a relationship, but articulate the specific needs a person responsible for negotiating.
In addition, Mr Chen and Xiamen richest Coxe equality under the control of natural dairy products last month, the Hong Kong listed company acquisition of New Zealand’s largest private farms Crafa 20% stake in this case from the cross-border acquisitions, you should be Jun Tang suggested that Mr Chen’s approval because it would not send text messages to Mr Chen not how to speak English, but also need to negotiate Tang Jun in negotiations.
Mr Chen employ Jun Tang, in fact, and grand, like, in order to let him drive Xinhua all brands, but, and a grand do not like is that Mr Chen did put a part of the right to Tang Jun, which in Hong Kong and Macao of information acquisition on performance was relatively clear.
\chairman of the board, companies are likely this year by the GEM. Hong Kong and Macao’s acquisition of four IT companies, which together the best tour operators. \real estate, first settled in Changsha, Hunan, business, \
this point, regardless of the Xinhua Tang Jun in the next step in how to walk all, or at least his initial success to Xinhua are in transition, especially in the Zijin Mining suffered huge crisis, Mr Chen Jun Tang to help the layout of beer, pharmaceuticals and real estate , IT and even the dairy industry, this transition is even more important.
Jun Tang-style empty Cishan Xiu? 8.3 billion pledged, credited into account 160 000 000
money will think how to make money,Beauty push tricycle down the street called Mai Do, the money will be thinking about how to spend the time.
money when Mr Chen, the first thing to do is to life, the father of the poor take from the countryside to live in Fuzhou. \>
people start to close after getting rich, Mr Chen started on a larger scale \Only this time \.
2009 年 10 月 20, Mr Chen Xinhua in Beijing have announced the creation of charitable foundations, and their personal holdings of securities worth 8.3 billion yuan of donations to the Foundation. Mr Chen as president of the Foundation, Jun Tang served as the Executive Chairman of the Foundation, the Foundation has overall responsibility for the management and daily operations.
Time Weekly news bulletin from the Fujian Province in the Home Office told Xinhua all Charitable Foundation was established in September 30, 2009, when the registered capital of 100 million yuan, Fujian Provincial People’s Government in charge of units Rural Affairs Office. The reporter called the business unit in charge, but without success.
Die Zeit reporter then visited Xinhua registration points are charitable foundations of civil society organizations in Fujian Province Department of Civil Affairs Authority. Dai Weiwen confirmed to reporters, Deputy Secretary, Xinhua credited into account the funds are not the so-called 8.3 billion, \Xinhua that are credited into account the Foundation’s funds so far only 160 million yuan.
8.3 billion so how can one say?
\Gong Yan Bing Secretary explained to reporters, but he did not mention \
worry, however Dai Weiwen, however, took the attitude: \means that the relevant provisions are not put before the 8.3 billion shares of the so-called tax is just a \
\Die Zeit, told reporters: \8.3 billion promised to discuss others, we can only monitor the funds have been credited into account. \by the, refused to answer reporters questions.
\Council undertake an audit principal responsibility, \fund balance of 8% a year, members of the Foundation pay not more than 10% of the total expenditure; year fund balance of not less than two million. \, not the outside world’s 670 million yuan rumors.
commitment to donate, but did not promise when the tax, tax shares and can not implement this 8.3 billion to discuss who should be? A reporter asked a number of departments, all have \Jun Tang a leading role in the matter of the questioning did not answer reporters.
Mountain Spirit weekly public employees told the Times reporter: \written agreement. \