Blackstone 600 Million US Dollars Investment Bluestar: Part 2

Privatization refused to Bluestar

Bluestar entrepreneurial countries only provided 10,000 yuan of loans and a patented technology.

Although Bluestar developed so rapidly, Lanzhou thus cause Ren Jianxin felt a geographical restraints. As early as in 1992, Ren Jianxin and middle-level cadres in a conversation, "said Bluestar headquarters to be moved to Beijing, not only is Beijing, but also to establish headquarters abroad." Presence of the young people are all shocked. And today, when Bluestar staff recalled the scenes at that time remains for the decision-making power Ren Jianxin sigh.

In 1995, the Ministry of Chemical Industry with the support of the leadership, Bluestar has three wishes: Bluestar Cleaning successfully listed; State Economic and Trade Commission will support building in Beijing Bluestar Cleaning manufacturing base; Bluestar headquarters moved to Beijing. But suddenly the three wishes, Ren Jianxin abnormal pleased, even leading to the Ministry of Chemical Industry and transported to Lanzhou made from the best lamb, to the Ministry of Chemical Industry of every civil servant. But leaders told him that fact in order to repay, is the best way to resolve some of the Ministry of Chemical Industry troubled enterprises.

Came to Beijing in the first five years, Ren Jianxin preoccupied act, a very low key, even in the media will not do anything, he gave the orders is subordinate "speak and other publicity and to do more practical things."

No time to the new office in Beijing to work directly for Ren Jianxin Jiangxi Xinghuo Chemical Plant on the implementation of mergers and acquisitions. Xinghuo in Bluestar was unprecedented internal opposition Xinghuo Bluestar big asset size than many, and liabilities of 200 percent, enterprises should go bankrupt on the other hand, is located in ravine Xinghuo, inconvenient transportation, trade unions families more than 10,000 people .

Although Ren Jianxin insisted on going to, but not blindly. He first used as head of the working group conducted research to determine the exact details found after Ren Jianxin, the state actually Xinghuo silicone put in a lot of projects in the capital, only 13 of test drive 28, and every time the car cost nearly 5 million, a total cost 140 million. The car did not successful because the most important reason is no master key technologies.

To this end, Ren Jianxin establishment of a domestic experts from the technology research team, the left back Xinghuo factory in Shenzhen exchange market looking for engineers, and wrote to all the workers from the factory, inviting them to plant common revitalization Xinghuo factory. At the same time, he personally led the team to travel abroad find technical information, regardless of no use, as long as the silicone buy back all the information. At the same time, employ foreign experts as consultants.

Five months later, 10,000 tons of organic silicon production line drive successful, half a year later, silicone products off the assembly line, Bluestar has become the world's first six can produce 10,000 tons of organic silicon, turning Xinghuo successful second year, sales revenue increased by nearly six times. And then Xinghuo, has become today Bluestar Group's listed companies Bluestar New Chemical Material Co, Ltd., the predecessor.

The success of this acquisition to the Ren Jianxin great confidence. Because only know how Bluestar before operating entities, not capital operation. Mergers and Xinghuo not only well, and successfully entered the chemical business and the development of new materials become big brother, from single to multiple entry business operations.

After the success, Ren Jianxin and his business partners are faced with a choice. Many people believe that Bluestar is essentially private enterprise. Whether Bluestar privatization? In fact, the pioneering countries Bluestar only provided 10,000 yuan of loans and a patented technology, there is no actual input, but in terms of policy State Izvestia Bluestar tremendous support, the leaders also gave Ren Jianxin unprecedented confidence. Therefore, Ren Jianxin not keen interest in the restructuring.

But this end, and Ren Jianxin venture partners at the same time have left him. Now, however, the entrepreneur Ren Jianxin than Although wealthy, but Ren Jianxin stage it is they do not.

Bluestar staff speak to reporters such a story. Bluestar Cleaning venture initially attaches great importance to technology, regular communication with similar foreign enterprises. There is a specialized industrial cleaning commissioned by the Japanese companies have to train the way for Bluestar trained many technicians, Ren Jianxin have to be a guest in the Japanese entrepreneurs. However, with Bluestar development, growing business, in addition to personal now, the Japanese business owner has already seen Ren Jianxin.

Link:
Blackstone 600 Million US Dollars Investment Bluestar: Part 1
Blackstone 600 Million US Dollars Investment Bluestar: Part 2
Blackstone 600 Million US Dollars Investment Bluestar: Part 3
Blackstone 600 Million US Dollars Investment Bluestar: Part 4