Xiao Zhen has always looked down on those who engage in real estate by developing land, but because it is a project in his hometown, he took the time to visit the construction site.
Public buildings such as Central Park, the Municipal Olympic Sports Center, the Science and Technology Museum and the Municipal Cultural Activity Center were donated by Xiao Zhengtang and his son Xiao Zhen, so they are much more grand than the original ones.
The other Qiansimen Bridge was built after Ivanka Trump became pregnant. She brought her baby to celebrate the Spring Festival two years ago and prayed for the baby in her belly. As for the future bridge of Line 6, Xiaozhen Town did not take care of it.
This matter was also entrusted to Wang Chang and his leader to make arrangements and use Xiao Zhen’s own family-run trust company to donate and build it.
Then in the middle of last year, the stilt houses on the Yuzhong Bridge were removed to repair the bridge.
In order to thank the donors for the bridge construction, the municipal government allocated the land of Hongyadong to Tiantang Commercial Management for development.
Tottori did not take advantage and paid the land price according to the market price of the Jiefangbei center. This land transaction will be reasonable and legal for ten thousand years.
The city government thought they would build a skyscraper, but the proposal they submitted was a folk stilt house style area.
It was also specifically stated that after completion, half of the shares would be transferred to the Municipal Tourism Bureau at a price of one yuan. This matter was handled as openly as ever.
Xiaozhen's local Daxia Venture Capital and the Daxia Special Spacecraft Industry Company, a joint venture between the Yuzhou local government, the Science and Technology Commission, and the Ministry of Aerospace, were also run openly at the time.
So at the end of last year, Director Zhang of the State Science and Technology Commission informed Xiao Zhen that the country wanted to conduct mixed pilot projects of private, state-owned and market economy for projects and businesses such as large aircraft and special aircraft, commercial space development, and international aviation and defense.
The country's choice was nothing more than his father's Daxia Industry, Xiaozhen's Special Aircraft and Huamei Aerospace. After several top-level meetings, it was decided to merge Special Aircraft and Huamei Aerospace.
Just after the Spring Festival, Xiao Zhen came over to confirm the fixed assets, cash and intellectual property rights of the special aircraft together with the original shareholders. After repeated verification by Peregrine International Accountants, Daxia Special Aircraft Industry (Group) Co., Ltd. had fixed assets of RMB 12.5 billion, cash of RMB 7.6 billion, and intellectual property valuation of RMB 68.3 billion, totaling RMB 88.4 billion.
As one of the only three manufacturers of special equipment such as early warning aircraft and receiving aircraft in the mainland, Daxia Special Aircraft has achieved a very good scale.
There has not been a large-scale replacement of equipment yet. It was only after the country's economic soft landing in 1993 that the central and local governments had some spare money, otherwise the scale of replacement would not be so small.
"Mr. Xiao, the above is the review plan for the Special Aircraft Company. Do you have any comments?" the assembly person asked.
“I have no objection, everything is subject to the review by professional accounting institutions.
"Then please take my business jet to Shanghai this afternoon. Tomorrow we will review Huamei Aerospace's situation and merge it as soon as possible to resume normal operations," Xiao Zhen said.
"Then we can have lunch here in the cafeteria. Director Xiao, you can notify your business jet to fly to Baishiyi Airport, so that you don't have to take a car to Jiangbei Airport later, which will cause delays." said the military official.
"Okay, I'll arrange it!" After Xiao Zhen finished speaking, he asked Fan Dabao to call the captain of his private fleet. The temporary route was approved and the flight was transferred to Baishiyi Military Airport.
After a simple lunch in the cafeteria, everyone rested for half an hour and followed the military's lead vehicle to the military airport. Xiao Zhen saw a corner with a large canard in the hangar and knew that Lao Yang and his team were already testing 20.
Two and a half hours later, they arrived at the Huamei Aerospace large aircraft airport exhibition area. Xiao Zhen arranged for people to take them to the nearby Paradise Business Hotel for check-in.
Xiao Zhen then drove his Shanghai A license plate back to Wujiaochang Town Park alone. At that time, his wife, children and mother-in-law were still on a luxury cruise on the Yangtze River and could not reach Shanghai so quickly.
In the evening, Xiao Zhen went to Fudan to pick up his teachers Tao Dapao, Teacher Xia, and Teacher Shen and brought them to Zhenyuan. Xiao Zhen personally cooked a table of gout set meals.
The four masters and apprentices drank and chatted until 22:00, and then Xiao Zhen asked Fan Dabao to move the gifts for the three teachers to the Luofu car.
A closed-door meeting was held at the same venue the next day, this time with participation from the Beijing Aerospace Research Institute and Jinshan Base.
Seeing that everyone was present, the deputy leader of the military department asked the reviewing accountant from Peregrine to come in and prepare a review report for Huamei Aerospace.
Shanghai Huamei Aerospace Industry Group Co., Ltd. has fixed assets of US$15.6 billion, cash of US$164.3 billion, intellectual property valuation of US$104.6 billion, total of US$294.5 billion, RMB 1.4 billion.
The military, the General Armament Department, and the Science and Technology Commission knew that Huamei Aerospace was rich, but they didn't expect it to be so rich. How could they merge?
All departments were at a loss in the face of this situation. Xiao Zhen knew it would be like this. Currently, state-owned assets wanted to come in and hold a majority stake, but the country did not have much money and could not put valuable assets and intellectual property rights into the new company.
Xiao Zhen was still a little generous, saying that the price of the full national defense qualification license was 200 billion yuan. By this conversion, and Huamei Aerospace purchasing the intellectual property rights of the Long March series of rockets and selecting a 20-square-kilometer area in Hainan as the land for the subsequent new company's space base and launch site, Xiao Zhen still suffered a great loss.
Later, Xiao Zhen did not care too much about it, as he was so poor that he only had money left. Half a month later, the official media reported that Daxia Special Aircraft Industry Group Corporation, China Aerospace 808 Institute, Science and Technology Commission 111 Institute, Shanghai Hongtu Innovation Industry Corporation, and Shanghai Huamei Aerospace Industry Group were merged to form a new China Aviation Industry Corporation with state-owned shares in all categories of aviation, aerospace, space, and defense. Xiao Zhen's Daxia Venture Capital held 68% of the shares of the new company, the State-owned Assets Supervision and Administration Commission held 25%, Yuzhou City held 2%, and Shanghai City held 5%.
China Aviation Industry Corporation was a Fortune 500 company when it was first launched, and was even among the top 20. It is a super-large mixed-ownership enterprise with total assets of RMB 2.5 trillion.
The chairman is Xiao Zhen, and the general manager is the permanent assistant to the chairman who was transferred from China Resources.
The chief scientists of the China Aviation Research Institute were Chief Engineer Cheng and Makarov, one was the chief of the Civilian Research Institute and the other was the chief of the Defense Research Institute. Xiao Zhen declined the position of chief scientist.
The merger of China Airlines Group was considered the largest domestic merger in 2002. Xiao Zhen also entered the military products market in disguise.
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