The double shackles of the EON.

"Hummer takeover turmoil" Eon is a proficient in political and business relations, good at managing the resources of the capital master. Will Tengzhong's acquisition of Hummer become a farce? Now, the shortage of funds is still an urgent problem to be solved in Tengzhong. In the crunch to buy Hummer, Beats's eon was caught in the double shackles of capital and government 46-Year-old Eon is a mystery. Even after he suddenly launched a surprise takeover of Hummer, the media still missed a glimpse of its uncover. Eon Holdings of the Hua Tong Department of Sichuan Tengzhong Heavy Industry Machinery Co., Ltd. (hereinafter referred to, Tengzhong Heavy industry) Why is it sacred? A giant beast lurking underwater?　　or the opportunity to hype another map?　　This is a face we are not familiar with: a goat beard, taciturn, look indifferent. For the past week, our correspondent has been searching for Eon's trail. When the media flooded the country to Sichuan, want to Tengzhong and the behind-the-scenes buy "horse" people, Eon chose to continue to reclusive. Now, the answer to all the questions is only in one person's hands.　　So, you need to know: Who is EON? Eon's Asahi Resources (0067.HK, also known as Sichuan Meishan Glauber) prospectus shows: Eon also known as Solandogis, Sichuan Neijiang, registered address for Hong Kong, Wan Chai Harbour Road, 1th, 44 floor, No. 4402. 2001, Eon completed the postgraduate course of Sichuan Enterprise management, and completed the postgraduate course of management card and engineering of Sichuan Science and Technology in 2004, as senior engineer and senior economist. Since 2003, Eon has been a member of the CPPCC Sichuan Zigong, and the third Vice president of Zigong Overseas Friendship Association in 2005.　　These names, it is said, do not satisfy the Sichuan man. Although started in Zigong, but in the shopping district of Zigong, Eon name is not loud.　　Outside of the EON evaluation of the most is "do not like to talk, relatively low-key." Li Tinxin Buddha. He spent tens of millions of in Sichuan Rong County to build a Baiyun temple. In addition to doing business, it is one of his hobbies to collect cultural relics all over the world. In 2005, Eon built the Huatong Museum in Chengdu.　　Among them, especially pottery and calligraphy won the favor of Eon. From the beginning of the road to Luqiao, Zigong, Eon has been involved in road and bridge construction, machinery, chemical industry and other fields. Through a series of expansion and merger behind, will be different industry packaging listing, is his more than 10 years of real career. In the familiar person's opinion, and solid do industry compared, Eon obviously to capital more enthusiastic.　　This enthusiasm may have originated from the country's financial restructuring in the late 90. Like other private entrepreneurs, Eon cannot escape the bones of national financial policy adjustments. In 1999, the State Council ordered the national unification to outlaw the Rural Cooperation Fund, and informal finance was severely suppressed.　　At that time, Eon's Hua Tong Road and Bridge immediately into a desperate situation. "I never thought it would be so short of money. Eon once to Zigong an acquaintance is feeling.　　In the most difficult time, Eon's office is not even boiling water, a Shamba. In the capital coldOn the eve of the Roar, in 1998, Eon began to push its huatong wood industry (a wood company producing bamboo flooring) to go to Hong Kong for listing. It turned out that Eon had paid an expensive tuition fee for this. Not only did not go on the market, Huatong wood business is also increasingly depressed, the end of the closure. Eon was thus greatly wounded. It was estimated that Lee's loss could be billions. At present, China Tong Department's Asahi Light resources are scheduled to be listed in Hong Kong on June 16, financing amount of nearly 1.5 billion Hong Kong dollars.　　After more than 10 years of earnest waiting, Eon finally waited for the bells from the HKEx. In addition to low-key, in the eyes of people around, Eon is also a handout gas person. Zhigang, the current chairman of Huatong Holdings, is seen as Eon's right-hand hand, touting Zhigang when Eon launches its IPO plan. Zhang joked that he earns 10,000 yuan a day.　　Of course, some people think that this is the way of the EON.　　But no matter what, in the merger and expansion after the Zigong and industrial maneuvers, Eon can be handy, retreat freely, and its right-hand assistant inseparable. In the outside world, the acquisition of Hummer, is not eon a one-man monologue.　　The involvement of Credit Suisse and Morgan Stanley may add a lot of leverage to the "snake-Swallow Elephant". An interesting footnote is that, despite being told about the high level of Credit Suisse, people familiar with Eon say that Li does not speak English. "If you could speak English, you wouldn't have done so much. How many rich people in China have culture? To be successful, first of all to have the basic quality, this literacy is not how many books you read, the key is that you are good at grasping opportunities. Such opportunities include friends, social resources and backgrounds. To be exact, EON should be a more fortunate person.　　The personage told the reporter.　　Will acquiring Hummer be a continuation of EON luck or an end?　　The Amulet. In fact, from the beginning of 2008, around the Hummer, has been a lot of acquisition of "gossip" objects, including India Tata Motors, Mahendra automobile companies, Geely, Changfeng (by Guangzhou Auto Reorganization) and other Chinese car manufacturers figure also looming. "Chinese entrepreneur" in Sichuan after a week of interviews, behind the scenes of the protagonist Eon gradually clear up. It is a privately owned entrepreneur who is rumored to be holding 5 billion of assets in the capacity of a road-building worker. His bumpy experience and the general private entrepreneurs are not the second, but the industry started Eon early already tired of hardships. Whether it is mechanical heavy industry or new chemical materials, in Eon View, it is just an industrial shell, he is more attracted to the power of capital.　　The company that packs different industries and goes on the market is the ultimate driving force for his acquisition of expansion. On Eon's business record, there is no shortage of mergers and acquisitions precedent. From Zigong to Sichuan Huatong Road Bridge, he had acquired Zigong Timber factory, Zigong Chemical plant, Meishan Glauber's salt Company (will be listed in Hong Kong Stock Exchange, also known as Asahi Light Resources, 0067.HK) and other industries of different businesses. As the Hummer's buyer, Tengzhong and heavy industry have acquired Guangyuan construction machineryGroup, Xinjin Road Machinery factory, Gansu Lantong machinery factory and so on.　　These enterprises are under the control of Huatong Investment Holdings Limited (hereinafter referred to as Huatong), and Eon is the actual trader of the whole Huatong department.　　With the skilful political and business relations with the local government, extensive operation of various networks, the outside world as Eon can in the industrial mergers and acquisitions in the amulet. In the eon of the Chinese-made system, there are talents. In its August 2004 acquisition of Meishan Glauber's salt, chief executive Zhang Daming, director of Sichuan Province restructuring, an independent director Zhang Songyi, has served as senior adviser to Morgan Stanley Asia and Sina. NSDQ, director of the Morgan Stanley Asia mergers and Acquisitions Division, was the managing Director of the Asia Resources and Discipline Inspection Unit, as well as the American state law firm, and so on.　　Eon's connections are visible. But this has not stopped the arrival of bad news. "Now that the merger is in a stalemate, there is little progress. June 12, Chuan, a familiar acquisition, told reporters, "he (EON) not much money, Teng Zhong heavy workers are the same."　　"The EON team, which has always been known for its expertise in capital and government relations, has been caught up in the double shackles of capital and government in the acquisition of Hummer," he said.　　The media's enthusiasm for Tengzhong and the entire Huatong system was taken by surprise after the announcement of a plan to buy Hummer on June 2, from "Not bad money" to "very bad money". "He might have thought about it before, but he didn't expect it to be so strong," he said. A Zigong friend Yangkuang, who is familiar with Eon, said, "but what others say may not have much effect on him." Willing to do, do not want to do. The key to see if there is no help to the enterprise, this is the most important. I think he (EON) would think so.　　"What makes eon impossible to anticipate is that the original foolproof financing plan is now on the verge of miscarriage because of the sidelines of local government." The Chinese entrepreneur survey found that earlier Tengzhong was expected to buy Hummer at $350 million trillion, about 2.4 billion yuan.　　According to the previous agreement between EON and the Chengdu Municipal government, with the Chinese Hummer after the domestic settled in Chengdu as a condition, Chengdu Municipal government will provide 1 billion yuan for Tengzhong heavy industry financing guarantee.　　The rest of the 1.4 billion, of which the Chinese Department of China's senior capital 700 million, in addition, Huatong Department of Deyang New Materials, a wind project in the overseas 100 million U.S. dollars (700 million yuan) financing, will also be used for acquisition funds.　　If things are going well, the takeover may be a win for both the government and the business. By the end of May 2009, after a year of careful bedding, teng-zhong heavy industry has been hard to suppress excitement. About 10 days before the news of the merger, Tengzhong, a senior executive, privately disclosed to a business partner that Tengzhong will announce a sensational takeover plan in the near future. I didn't take it seriously, nor did I go to my heart. "The person told the Chinese entrepreneur". Until June 3 TengzhongThe news on the website hangs out before he suddenly dawned. But on June 5, the Chengdu government, which was originally allied with EON, changed its mind because the Chengdu municipal government had a feeling of being fooled by Eon. Because, this day, Eon suddenly to the Chengdu municipal government, hope the Government to provide financing guarantee can increase from 1 billion yuan to 1.6 billion. "Eon doesn't know the rules of the game. He has no sincerity.　　Chuan told reporters that the Chengdu municipal Government was "very dissatisfied" with the EON attitude. However, few people know that Eon is not insincere, but there is no way to be sincere.　　Because in Eon's calculations, he found his situation unconsciously by "not bad money" into "very bad money." The 100 million of dollars that have been financed abroad cannot be used for acquisitions. "How can you buy a Hummer for 100 million of dollars that are financed overseas, and how to use them overseas to be monitored and to do wind power?" "Chuan said.　　The Chinese Department of the senior level can get 700 million yuan, now seems to play a big question mark. The reason for the government's hesitation is that the timing of the Hummer acquisition has been slow to provide an accurate timetable for Tengzhong.　　Worried about the prospect of mergers and acquisitions, the Chengdu municipal Government had to be silent. "How long can he bring it to production?" he said. One year, two years, three years, five years? For the local government, perhaps the leadership will be a transition. Isn't that a big joke?　　Chuan joked.　　In addition to the indifference of the local government, the Chinese side has also touched a nail in the country's relevant ministries. "Before the media fired, the state did not say no and said no batch." Tengzhong and the Hummer did not sign the specific agreement, to the National Development and Reform Commission and the Ministry of Commerce, the government is afraid to support him. The National Development and Reform Commission, the purchase of overseas car assets, must be the engine, gearbox and other important parts, Teng Zhong heavy industry said to take over, that the United States and do not agree to bring over? What do you have to prove to the state that you can bring the engine and the gearbox over? Eon these days. Find a friend, find the United States, find foreign capital. Chuan told The Economist.　　Eon is now on the run in Sichuan province, trying to save the dangerous capital game.　　Huatong mode in the acquisition of Hummer resistance behind, Eon and his single-handedly built the business bottleneck of the Huatong has been looming.　　All kinds of indications, the EON in Zigong, Sichuan, the reason for the rapid industrial development in a few short years, and its relationship with the government and industrial policy of skilled use is not unrelated. 2001 years or so, Eon began to shift the focus of industry to Deyang. Under the invitation of Deyang Investment, Eon successfully attracted Deyang attention with PPS (Polyphenylene sulfide) project.　　Earlier, the project was a close to the collapse of Zigong, a chemical plant, after the EON will be the introduction of all technical personnel, and the project into the Deyang. According to people familiar with the situation, Teng Zhong heavy industry's move is very close to Deyang government's mind. To this end, the Deyang Government provided 400 acres of free, water circuit "three links" by the Deyang Bear。 Another view is that, in addition to the land, the Deyang government has also eon part of the start-up funds (about 20 million).　　Sichuan Development and Reform Commission and Provincial Science and technology department also gave him a part of the funds and policy support. Eon seems to have no reason to pause. All the way down, Huatong department layout has been across the road and Bridge (Huatong Luqiao), Wood (Huatong Wood), chemical (Glauber's salt, PPS), machinery (Teng Zhong heavy Industry) and other fields.　　And almost every project operation, can enjoy the local government a certain discount. This concession is reflected in the construction of the industrial park. It is understood that at present, China Tong Department of the Industrial park in Chengdu Shuangliu, Chengdu Xinjin, Deyang and other fields are involved. "From his own size, there is no need to engage in so many parks, to make a good park to be able to do." He may still consider it from a operational standpoint.　　Yangkuang told reporters. And behind the industrial kingdom, Eon never stopped demanding money. "He does a lot of projects that are very different. He actually decided to take capital as the main, because to take the capital market this road, so use different industries to achieve it.　　Yangkuang analysis. It is clear that Tengzhong is another capital platform it is striving to build. The first task of this platform is to play the role of "Royal Horse" in order to realize the extension of Huatong to the automobile industry.　　By the time of this newspaper, although the purchase of the "horse" case is still pending, but it is undeniable that this may be the most "deliberate" Eon of a takeover. He first made up for Tengzhong's gap in the car business.　　In the first half of 2008, Tengzhong heavy industry to China heavy steam under a big order, one-time ordered 200 cars. "At the time we didn't quite believe that such a big list was a lot of liars. "The staff of China Heavy duty automobile Chengdu Branch recalls. Holding the mentality of trying to try, China's heavy steam and tengzhong heavy industry has made initial contact. Unexpectedly, Tengzhong not only did not cheat China's heavy steam, but also generously paid a 6 million deposit. "The company is still strong.　　The above people put their hearts down. Prior to this, Teng-zhong Heavy industry also merged Chengdu Huarui Special Vehicles Co., Ltd. to obtain the production of modified vehicles.　　At this point, Tengzhong has solved the problem of "origin". At the end of February 2009, Tengzhong also submitted to the Chengdu Economic Commission for the Declaration of "Large Enterprise Group" qualification, approved.　　It is reported that the acquisition of the qualification of the enterprise will be the government in energy security, project land and so on to be encouraged and supported. Another key detail is that the matchmaking of international investment banks has also played a catalytic role in the takeover. It is reported that in the past capital operation, the head of Huatong and Credit Suisse senior have a friendship, and the latter and Citigroup's boss also friendly.　　Coincidentally, Citi is precisely the financial advisor to Hummer. At the same time as the Chengdu government, Eon did not bet on one place. As early as March this year, EON and Hummer chief executive Taylor a row to Deyang conducted a field trip. In Chengdu, the city government refusedEON 1.6 billion of the financing requirements, Huatong also to the Deyang government proposed 1 billion yuan financing requirements. This is a dilemma for the Deyang government, which is keen to introduce Hummer-made projects. "Deyang not so much financial resources, Deyang revenue only how much money?" It is impossible to give him (EON) so much money.　　According to our correspondent, the Deyang government has been meeting for several days in a row to study investment matters. First, first of all, we must understand that the acquisition of Hummer is actually in the name of Tengzhong to take over, is not tengzhong to pay; second, once the acquisition is successful, domestic time is still uncertain; third, what is the attitude of the national Development and Reform Commission and the Ministry of Commerce at present? Four, this is a more sensitive question, Eon, that is, China Tong Department, in the end is to put this project in Deyang or Chengdu? The truth of the matter was clear. Now the Chengdu municipal Government is concerned about these issues.　　"In the opinion of an official in Chengdu, it may soon be time to get to the bottom of the market." (according to the request of the interview, some people involved in the report require an alias)