How Do The Youngest Rich Get 760 Million?

Speaking of the big rich in Cixi, Wu Guodi, Zhou Yiming, Lu Hanzhen and Xu Qiming joined the four Cixi businessmen in the list of Forbes rich list of China in 2005.

Zhou Yiming, a native of Ningbo, has hundreds of millions of fortune at the age of 29.

The low-key capital player, when he entered the star power, was actually a negative number of net assets, but he got a 380 million yuan stake in the star power, and he was sent to jail.

There is almost no reason why Zhou Yiming should be proud of the speed of his youth pformation. He was only an ordinary college student 10 years ago. After 10 years, he was already the richest in China. He was sitting on billions of assets.

Zhou Yiming entered the electronics industry from Seventeen to eight years old. From small to big, from industry to trade, he gradually completed the accumulation of funds and industrial strength. After years of grinding, he accumulated a lot of money. This is also the foundation for his overnight success.

First of all, to tide over the capital market and acquire the group of listed companies of the Hongkong main board, and renamed the Ming Lun group to participate in the Shenzhen financial leasing company.

In the acquisition of Sichuan star power, a listed company, its Minglun group has defeated Wahaha, Jianlibao and other famous companies, with a success of up to 380 million yuan in capital acquisition, and has a reputation as "capital handsome" in China's investment industry.

In 1995, Zhou Yiming, who graduated from Yongjiang College of Finance and economics, took the ambition and two fellow townships together to do electronic import and export business in Beijing. Since then, he has officially entered the business sea and has served as assistant and general manager of Beijing Shengyuan technology and Trade Co., Ltd.

Then on the "anti fog lamp" business, Zhou Yiming went down to be the general manager of the Guangdong Ansha Automobile Technology Development Co., Ltd., and won the first business of the Ministry of public security in Guangdong Province.

At that time, a total of 17 products were made, of which 16 were in deficit, and only he was the only profitable company.

An anonymous person familiar with the matter said that the car foglight lamp project earned a profit of over 10 million at a time, and Zhou Yiming, who was 23 years old, got the first pot of gold and completed the initial accumulation of original funds.

Zhou Yiming knows clearly that only by combining capital operation with industrial operation and walking on two legs can Ming Lun realize the rapid expansion of low cost. So in 1997, after the establishment of Ming Lun photoelectric, Zhou Yiming bought and founded more than 10 enterprises in a concentrated way.

In January 2001, the 39 computer company of Ming Lun shares bought the Ming Lun science and technology park at 80 million yuan.

39 computer company has been renamed Ming Lun Computer Technology Co., Ltd., focusing on VOIP product development and production.

Beginning in 2002, Zhou Yiming, who has been concentrating on electronic industry and trade, began to march to other industries. He first looked at the Guangzhou Zhi Mei Zhai Food Co., Ltd., which owns the famous trademark "Zhi Mei Zhai", and held the company at 50 million yuan.

In the same year, from the photoelectric technology, information network high tech industry to the traditional financial Ming Lun group, it became the third largest shareholder of Shenzhen financial leasing company holding 39 yuan by 60 million yuan.

The gross profit margin of the food industry was around 40% in the year, and the development was quite steady. The risk of the high-tech industry was very large. Zhou Yiming's expansion was mainly for the steady operation of the company and the ability of sustainable development.

Zhou Yiming, known as "smart man" in Shenzhen's business circles, has a natural sensitivity to capital operation. It seems to be a child suffering from "hyperactivity disorder", who has been around to launch a dazzling capital operation. It has immediately appeared in the Chinese capital market and has shown great success. It shows the wisdom of combining investment and speculation: first, Guangzhou Zhi Mei Zhai Food Co., Ltd., one of the four famous soy sauce farms in China, the acquisition of Hongkong main board listed company, the United Group (0346), and Shenzhen financial leasing company.

According to insiders, the main board listed company of the Hongkong general assembly group was originally engaged in chemical raw materials trade, and its performance also suffered long-term losses.

In August 2002, Zhou Yiming bought the joint general assembly group in Hongkong at the cost of HK $56 million 660 thousand by ChanceProfit, and renamed it "Ming Lun group".

Although the profit of the Ming Lun group was only HK $6 million 589 thousand at the end of September 2002, a decrease of 61.2% compared with the same period in 2001, the stock price rose to HK $1.08, which was about 50% higher than the Hong Kong market price of HK $0.77, while Zhou Yiming's worth reached HK $144 million, more than 1 times.

In December 2002, when Zhou Yiming formed the Ming Lun group, the registered capital was 57 million 500 thousand yuan, which was five times more than five years ago.

3.8 billion acquisition of star power as the focus of the market, as the youngest entrepreneur of the rich list, Zhou Yiming is ambitious. He is said to have planned to enter the financial leasing and pharmaceutical industry, but things are unpredictable.

For Zhou Yiming, the previous series of acquisitions were only in the capital market training, hard training.

A good play is in the end.

In April 2003, in the acquisition of Sichuan star power (600101, SH) in Shenzhen, young and energetic Zhou Yiming won 7 after 7 months of negotiations.

969 yuan, 5 of net assets per share.

The 88 yuan premium was 31%, beating Wahaha, Jianlibao and other companies, buying up the company with up to 380 million of the funds.

Because Ming Lun group, which can eat from powerful rivals such as Jianlibao and Wahaha, made Zhou Yiming, a star who had seen the dragon tail and not see the dragon head, became a focus of the capital market immediately.

Zhou Yiming did not choose to continue to stealth, but to seize the opportunity to unveiled.

At that time Jianlibao was preparing to make drinks under the condition of 1000 acres of land in Suining, Sichuan. However, because Suining's local government had always wanted to introduce technology industries, the advantage of Ming Lun was that it was engaged in the information industry.

In terms of price, Minglun is more sincere, offering a price of 7.969 yuan per share and a total pfer price of 380 million yuan, all paid in cash, which is 31% higher than star power's net asset premium per share in 2002.

For Zhou Yiming, the reason why he sees the star power is because the assets of star power are very strong. The company has not been on the market for a long time, and its asset liability ratio is very low, and its assets quality is relatively good. The water and electricity revenues of the company's main [FS:PAGE] battalion are also very stable.

On the other hand, with the help of investment star power, Minglun can not only quickly enter the western region development, but also lay the foundation for entering public utilities.

Zhou Yiming said that the focus of the company's future business will be energy and resource-based industries. The investment in this area is that the capital requirement is relatively large and the threshold is relatively high. Two, it is easy to form regional monopoly and the income is relatively stable. Three, according to the current state's access qualification for public utilities, it creates the best opportunity for private enterprises to enter the field of state-owned capital control.

In fact, the restructuring of state-owned enterprises in Suining at that time provided an excellent opportunity for Zhou Yiming to acquire star power.

In 2003, the Shenzhen Ming Lun group, which Zhou Yiming controlled, ended up buying 380 million star power 28.138% national shares, becoming the largest shareholder of star power, and Zhou Yiming was elected chairman of star power.

At the same time, he also served as chairman of Shanghai listed company's star power (600101, SH), and served as chairman of the board of directors of Hong Kong listed companies, Minglun group, Hongkong (0346, HK) and so on. His personal power was particularly strong.

At that time, the total assets of Ming Lun group were 2 billion 781 million yuan and net assets of 1 billion 218 million yuan, of which Zhou Yiming had 90% shares of Ming Lun group.

To this end, in 2003, Zhou Yiming, 29 years old, ranked eighty-third in the Hurun rich list in 2003 with a value of 1 billion yuan.

Behind the ho billion gold, Zhou Yiming is portrayed his Zhou Kingdom territory.

The embezzlement of the rich, the rich and the powerful, and the imprisonment of the young tycoon, the young tycoon in the shopping mall took a leisurely retreat.

In 2003, at the shareholders' meeting of star power (600101), "commander in chief" Zhou Yiming was very energetic and willing to take the helm of Sichuan's old blue chip stock and become the youngest chairman of Sichuan listed companies. He still steered the Hong Kong listed companies General Assembly Group (0346).

When purchasing star power to the SFC, a listing director called Zhou Yiming to see the reason why he wanted to see what the 29 year old billionaire looked like.

Zhou Yiming, however, is still hidden in a dazzling ring.

I have planted a time bomb for myself, which seems to be the fate of the new rich Chinese.

Embezzlement of listed company funds seems to be a meat and cake. Anyone can chew on it. I never thought it would be a difficult explosive bag to excavate the gold mine.

As early as Zhou Yiming was successfully pformed into a capital predator, the industry was widely known that Zhou Yiming's so-called capital operation actually played karate, which was a matter of time.

Zhou Yiming's high price acquisition of star power has aroused widespread concern in the industry.

There is a saying that Zhou is preparing to empty the listed company.

In response to this, Zhou Yiming, instead of his low-key behavior in the past, announced that Minglun is not an "empty handed White Wolf" enterprise by announcements and media interviews. Minglun and stars are a happy marriage. Minglun will not change the main business of star power. It also plans to inject the new technology and new products of Minglun group's "biopharmaceutical" into the star pharmaceutical industry, and build "western Optics Valley" in Suining to further promote the rapid development of star power.

The huge investment of the company has not been properly paid. In 2004, the annual report of star power shows that the net profit of the two subsidiaries is only 7 million 650 thousand yuan, and the return on investment is only 1.82%.

After Minglun group entered the star power company, it took advantage of listed companies' funds, external lending funds, and illegal guarantees, etc., and emptied the listed companies and set up projects for personal gain.

In the less than a year after Ming Lun entered the star power, several major foreign investment quotas of star power have totaled about 921 million yuan.

This does not include the investment of 91 million 500 thousand yuan to set up star pharmaceutical company, invest 30 million yuan to build Suining middle school, Suining second middle school student apartment, and the total investment of 250 million yuan to intervene in the two phase of the rural network construction, the thermal power plant environmental protection technology pformation and expansion project.

When the semi annual report came out in 2004, the total assets of the stars increased from 1 billion 458 million yuan in the same period last year to 2 billion 891 million yuan. However, as of June 30, 2004, the total liabilities of star power increased from 345 million yuan in June 30, 2003 to 1 billion 550 million yuan, and the asset liability ratio rose from 23.7% to 53.6%.

In terms of current liabilities, net increase was 1 billion 104 million yuan, an increase of 566.2%.

As of December 10, 2005, only the star power self inspection found that the capital involved in Minglun group and the illegal guarantee for star businesses reached as high as 300 million yuan.

According to the survey, Zhou Yiming is mainly responsible for controlling the "four sins" of the star power: malicious foreign investment causes 255 million yuan of investment risk; the responsibility for external breach of guarantee is 191 million yuan; false trade causes 148 million yuan of capital risk, and there is still 73 million 200 thousand yuan of loan balance.

Zhou Yiming did not fulfill the promise of "increasing investment in Suining and promoting the development of local information industry".

Zhou Yiming, who entered the star, undoubtedly used a cover up to run to the fish bag of the star power.

In the final analysis, star power was used by Zhou Yiming as the banner of its capital operation.

Zhou Yiming, one of the eighty-third Rookies of the 2003 Hurun rich list, was once regarded as another Zhang Hai.

After he extended his hand to the star power he controlled for the second time, he was sent back to Sichuan, Beijing by the star power department in force from Beijing.

In addition to being restricted to leave Suining, Zhou Yiming, a local police insider, also arranged a special public security undergarment to follow his right.

In December 30th of 2005, the unforgettable days passed through the cold capital winter. Zhou Yiming, chairman of 600101.SH, was arrested by Suining Public Security Bureau on suspicion of misappropriation of funds.

"Maliciously foreign investment, illegal guarantee, false trade and illegal lending funds have resulted in a loss of 476 million yuan in the star power of listed companies, and 191 million yuan in liability for violation of security.

"A person who worked in the Ming Lun group revealed that Zhou Yiming had planned to" bait "several hundred million dollars later.