Since 1979 I have been in the tide of the times

Chapter 442 Wang Weidong and Song Yu's Double Reed 2

Chapter 442 Wang Weidong and Song Yu's Double Reed II
A week later, Fan Jingyi called Vice Minister Lu from the factory to report the situation after his family investigation.

Qian Yuanzheng, a company that defaulted on bank loans and wages to workers and raw materials, added up to about 5000 million yuan.

In other words, the factory is now insolvent.

In the evening, Vice Minister Lu came to Shi Ke's home and told Shi Ke about the situation.

A factory with [-] workers owes so much money.There are so many factories in the Ministry whose operating conditions are similar to those of Qian Yuanzheng, and some factories are not as good as Qian Yuanzheng. If the big holes in these factories are counted together, it must be a very alarming number.

"I think the decision made by the Ministry is correct. If we don't act, the hole will be even bigger in the future if we don't take action!" Shi Ke said.

"The leaders of the Ministry met at a meeting today and decided that excluding the tradable shares, we still have 75% of Qian Yuanzheng's shares in our hands. We plan to sell this 75% of the shares to Wang Weidong's Xiangyang Electronics at a price of 5000 million yuan." Vice Minister Lu Said.

That is to say, after deducting the 5000 million yuan in debt, there is still a full [-] million yuan left, which is the shell money of Qian Yuanzheng, a listed company.

The biggest difference between the Chinese stock market and foreign stock markets is that the Chinese stock market is an approval system, while foreign stock markets are a registration system.

Therefore, it is much more difficult for companies to list on the Chinese stock market than in foreign countries.As a result, the shell of a listed company is also a precious resource with great value.

"5000 million? I'm afraid Wang Weidong won't buy it." Shi Ke said.

"This is where we need to work. Lao Shi, you have a good relationship with Wang Weidong, and you should do more of his work. You also know that there are so many companies that are waiting to be fed. It would be great if there were [-] million in the Ministry If we do too much, at least during the time when Chinese New Year is approaching, so many subordinate companies ask for money from the Ministry, we can also have an explanation, thousands of workers are waiting to get money for Chinese New Year." Vice Minister Lu said.

"They are all private entrepreneurs, not factory cadres appointed by the state. They want to talk about their interests," Shi Ke said.

"Since you are a private entrepreneur in China, you can't ignore the interests of the country! They are as mercenary as foreign capitalists!" Vice Minister Lu said.

"Okay, I'll try my best to do his work." Shi Ke said.

In the hotel, both Song Yu and Li Yueshi were sitting in Wang Weidong's room.

Li Yueshi reported to Wang Weidong and Song Yu that she had observed the rise of Shancha shares during this period.

"Until now, the stock price of Shancha shares has risen in small steps, and has risen by more than 30%. If the final news comes out that we have acquired Qian Yuanzheng instead of Shancha shares, I don't know that we have invested hundreds of dollars in Shancha shares. Will those bankers with tens of millions of funds jump off the building?" Song Yu said.

"No, as long as they maintain the current stock price, they will not lose money. There is no difficulty in doing this. It will be a little bit of good news in the future and slowly reduce their positions and exit." Li Yueshi said.

In the stock market, it will always be those bottom-level retail investors who are slow-witted and act as takers.

They are like a thick and soft sponge pad, with their existence, those dealers will not die no matter how high they fall from.

"Tomorrow, the two of us will go to the ministry to negotiate with Vice Minister Lu. We must perform this scene well. If we can save a little bit, it will be a little bit." Wang Weidong said.

Song Yu couldn't help but grabbed Wang Weidong's arm and said, "Weidong, you really want to meet my request this time, don't you?"

"Of course, and all of them will be managed by you!" Wang Weidong said without hesitation.

Sitting next to her, Li Yueshi looked at Wang Weidong and Song Yu, and saw Song Yu holding Wang Weidong's arm like a child. She wondered what request Wang Weidong wanted to meet Song Yu this time?
The next day, Wang Weidong, Song Yu, and Li Yueshi came to the Ministry to discuss with Vice Minister Lu about the acquisition of Qian Yuanzheng.

"Vice Minister Lu, I have been thinking for a long time. As an entrepreneur, you should not only think about yourself, but also think about the country and the people! I basically agree with your offer, but now I have one request, that is, you immediately It is recommended that the board of directors of Qian Yuanzheng propose to the stock exchange that trading in Qian Yuanzheng’s stock will be suspended due to major information disclosure, and I hope the suspension will be tomorrow.” Wang Weidong said.

"No problem, I can handle this right away." Vice Minister Lu replied.

"Also, I hope the purchase price will be reduced to [-] million." Wang Weidong continued.

"Weidong, this is absolutely impossible! You have reduced from 5000 million to 5000 million in one fell swoop, a loss of [-] million, which is too much!" Vice Minister Lu said.

"Vice Minister Lu, listen to my explanation. In fact, you don't suffer too much. My request is that although you have reduced the price by 5000 million, I will pay the wages of the factory workers who are owed six months. I just want to Give a good impression to the workers in the Qianyuanzheng factory that took over." Wang Weidong said.

Vice Minister Lu began to calculate in his mind the difference between reducing the wage burden of 5000 workers for six months and reducing it by [-] million.

Frankly speaking, due to the poor profitability of the enterprise, the wage level of Qian Yuanzheng's factory is very low. The monthly salary of 120 workers is only more than 800 million yuan, and the salary owed for six months is nearly 5000 million yuan.This is still far from the 4000 million that Wang Weidong lost. In other words, Wang Weidong saved [-] million and [-] million.

"Weidong, you lost too much." Vice Minister Lu said.

Song Yu stood up abruptly and said, "Forget it, why do we spend money to buy a company with such poor operating efficiency? Good apples are expensive but edible, but can rotten apples be eaten? After acquiring this company, we don't know what to invest in. How much money do you spend on this company."

"Xiaoyu, I beg you, sit down!" Wang Weidong said.

"Why should I sit down? You have always been the one who has the final say in Xiangyang Company! I am also a shareholder, so can't my opinions be listened to?" Song Yu said dissatisfied.

But he still sat on the sofa slowly.

Vice Minister Lu is also a fine person, and he also faintly saw that Wang Weidong and Song Yu were acting in front of him.

But in this situation, they are more anxious than Wang Weidong and Song Yu.

"Well, I'll ask the Minister for instructions and let him decide what to do about this matter." Vice Minister Lu said.

After speaking, he asked his secretary to accompany Wang Weidong and the three of them to wait in the office, and Vice Minister Lu went to the minister's office to report the situation.

The minister immediately decided to hold an office meeting to bring together several deputy ministers at home to discuss this matter.

In the middle of the meeting, Vice Minister Lu walked out of the conference room several times and came to his office to discuss with Wang Weidong. After going back and forth for two or three hours, the two parties finally reached an agreement that the purchase price would be reduced by another 3000 million, but the six-month wage arrears would be paid by Wang Weidong they paid.

Subsequently, Li Yueshi, on behalf of Xiangyang Electronics, drafted the contract with the staff sent by the Ministry.

The Ministry is fully responsible for divesting all the debts of Qian Yuanzheng when the acquisition is completed.In this way, Xiangyang Electronics does not need to review various expenses in debt and raw materials.

Both parties are very busy with work, and Li Yueshi is very skilled in doing this kind of thing.

Wang Weidong and Song Yu just sat and watched the drafting of the contract between the two parties.

At one o'clock in the afternoon, when the stock market opened, Li Yueshi made a phone call in the midst of his busy schedule, then went to Wang Weidong and Song Yu and whispered: "Bosses, I just got the news that Qian Yuanzheng's stock will be sold immediately as soon as the market opens in the afternoon. Sealed on the limit board."

Wang Weidong and Song Yu looked at each other and shook their heads at the same time.

The two of them both disdain to do such small tricks, entrusting other people to buy stocks outside in advance to earn this little profit.

In other words, the leak of good news is not on their side.

"Forget it, Qian Yuanzheng's board of directors should have applied to the stock exchange now, because there is important news to be disclosed, and trading in Qian Yuanzheng's stock will be suspended from tomorrow," Wang Weidong said.

"Weidong, you must keep your word. This time we are going to buy a football team and teach me how to manage it!" Song Yu said.

After hearing what Song Yu said, Li Yueshi understood what Wang Weidong wanted to meet Song Yu's request.

"Buy a B team, after the things here are over, you start to choose the team, and you must combine the team with the brewery." Wang Weidong said.

"A-B is A-B. Next year, when the season ends, I will let this team advance to A-A!" Song Yu said confidently.

The three of them didn't eat at noon, and they didn't finish their work until after four o'clock in the afternoon.

Vice Minister Lu seemed very happy. Under his leadership, he took such a big step forward in the Ministry's reform of state-owned enterprises in such a short period of time!
He and Wang Weidong agreed that three days later he would accompany Wang Weidong to Qianyuan to complete the final step of the acquisition.

Fan Jingyi, chairman of Qian Yuanzheng, was stunned for a long time after receiving the news in the afternoon.

He didn't expect that the last thing he was waiting for was not the salary allocated by the ministry, but the news that the company was about to be acquired.

After recovering, Fan Jingyi asked into the microphone: "Vice Minister Fan, what will we corporate leaders do after the acquisition?" Vice Minister Lu replied: "We have reached an agreement with Xiangyang Electronics. The existing board of directors will be dissolved immediately. All the senior leaders of the enterprise were evacuated from the factory, and then the Ministry arranged new jobs."

In the evening, when Wang Weidong, Song Yu and Li Yueshi were having dinner, Song Yu said, "The trading of Qian Yuanzheng's stock will be suspended for half a month. By then, this stock will definitely soar into the sky like a rocket!"

"It depends on how we do our work." Wang Weidong said.

"Weidong, don't worry, I will do this job!" Song Yu said confidently.

It is not easy for Qian Yuanzheng to attract attention on the Shanghai Stock Exchange. Even after the news of the suspension was announced, it did not cause much trouble.

But two days later, various gossips spread that Qian Yuanzheng, a loss-making company, had been acquired by the powerful Xiangyang Electronics.

After China had a stock market, stock market commentary programs appeared one after another on CCTV and provincial TV stations.

Two days after Qian Yuanzheng's suspension of trading, famous stock market figures in various provinces and Taiwan's stock market commentary programs began to talk about the acquisition, recommending the company's stock to the majority of investors.

"Xiangyang Electronics is a mainland high-tech company listed on Hong Kong Island, with extremely strong strength! Now they are focusing on the beer industry in the mainland, and they are preparing to enter the beer market in the mainland. It can be said that they are ambitious! My advice is to buy! Buy! Buy!" A well-known stock market talker said excitedly facing the camera.

Four days later, Vice Minister Lu, Wang Weidong and Li Yueshi arrived at the factory in Qian Province.

Due to bad road conditions, the car kept bumping on the road.Vice Minister Lu explained to Wang Weidong: "Isn't it to prepare for the war? It took a long time to choose the factory site. Finally, the factory was located in the valley and it was very hidden."

At the entrance of the valley, there were four cars parked there. Fan Jingyi and the high-level cadres of the factory waited here to meet them, and they had to guard the last shift.

After a brief introduction, Fan Jingyi and his car led the way, and the group entered Qian Yuanzheng's factory through a narrow road.

Through the car window, Wang Weidong saw that slogans had been plastered on the walls of the factory, but the content was still on the ups and downs, and what was broadcast on the loudspeaker was that our workers have strength.

Seeing this scene, Wang Weidong felt that he was back in the 60s all of a sudden.

The workers' congress was held in the factory cinema.More than 800 factory workers filled the movie theater, which could only seat 3000 people.

Most of them just got the news that the factory with a history of more than 20 years has been sold to a private company.

That's right, it's selling. All the workers say it's selling.

Although the factory's efficiency has been poor and wages have been low for these years, most of the workers were depressed or even angry when they heard the news.

The meeting was presided over by Fan Jingyi. After a brief introduction, Vice Minister Fan spoke.

Vice Minister Fan sat there and gave a long speech, talking about the great significance of the reform of state-owned enterprises. Everyone should leave behind the burden of history and look forward.

"Next, Comrade Wang Weidong, chairman of Xiangyang Electronics Co., Ltd., will speak!" Fan Jingyi, who presided over the meeting, said.

Wang Weidong did not sit down to talk, he stood up and picked up the microphone and said loudly: "Everyone, uncles and aunts, brothers and sisters, brothers and sisters, hello! Just now Comrade Fan Jingyi called me Comrade Wang Weidong, what he said is very correct! You guys You should have heard my accent. I am from the Xiangyang Chemical Factory in Northeast China. Many of the workers present must know this factory. The Xiangyang Chemical Factory is also a military industrial enterprise, and I am a child of a military industrial enterprise! The Great Southwest has fought hard, and it is said that the workers here also come from all over the world to build in the Great Southwest, so I feel very kind to see you today!"

Wang Weidong paused and continued: "The acquisition of Qian Yuanzheng by Xiangyang Electronics cannot change the fact that you are still the masters of the enterprise! We will revive the factory together in the future! The significance of enterprise reform has just been mentioned by Vice Minister Lu. I’ve done a lot, and I’m here to announce one thing. Before the Spring Festival, two months’ salary will be guaranteed, and before the fifteenth day of the first lunar month, another month’s salary will be paid, so that everyone can celebrate the New Year! From then on, two months’ salary will be paid every month. wages, until the arrears of wages are all paid up. However, I would like to appeal to all staff and cadres to carry forward the spirit of hard work and hard work in the past. Whoever does more will earn more! We don't pay attention to selfless dedication, whoever contributes more to the enterprise will get more!"

Hearing what Wang Weidong said, Vice Minister Lu frowned slightly. He felt that these words were a bit harsh.

 I'm sorry, in order to improve the average order and write a big chapter, I want to rush.

  
 
(End of this chapter)

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