alien heir
Chapter 49
() The boss of Arrow Motors is Chen Guangda, a man in his fifties. He is thin and dark-skinned. He is dressed in clean work clothes and a pair of thin-rimmed glasses with silver frames. He looks very smart, like A white-collar engineer is more like a boss.
Boss Chen welcomed Cheng Yuan and others very much, and he was also very enthusiastic and talkative. He just said a few words, and after listening to Emma's brief introduction about Austen Investment Company and their purpose of coming here, he began to say this How good the company is, and by the way, he talked about his struggle history back then.
It turned out that Chen Guangda was originally a technician. He was originally the only eighth-level fitter in the second auto repair shop. In those days, an eighth-level fitter was definitely the trump card of a large factory, belonging to the strategic figure.
It is said that Chen Guangda originally belonged to FAW, and later he was seconded to the Shangdong No. [-] Auto Repair Factory here, and gradually married a wife and had children locally, which is also considered to have taken root.
Later, the second repair shop was restructured and changed into a joint-stock system. At that time, Chen Guangda's wife worked in a bank, so she took advantage of her position and borrowed part of the money from the bank to Chen Guangda to buy the second repair shop and change it to A Luo Automobile Co., Ltd.
The reason why it is called Arrow Motors is because his wife’s surname is Luo, and without his wife, Chen Guangda would not be able to buy this second repair shop, so maybe out of gratitude, he called the company Arrow Motors. Not very good, asked him to change his name, but he didn’t do it, so he simply found an English arrow, which means arrow, and changed the logo to a golden feathered arrow, so that if others call this name again, they won’t easily Thinking of his wife, I just thought it was a homonym of the English word.
Hearing this, Cheng Yuan immediately understood that Chen Guangda, the emotional man, was also a person who made his fortune by chance, but there were too many things like asking the bank to buy assets for him back then, so he was not bad, of course. The most rare thing is that he didn't shy away from this matter, and said it casually. It can be seen that he is not ashamed of this kind of loan to buy a factory.
Thinking about it, after someone bought the factory with a loan, it was not speculation, but a down-to-earth business, which was in line with the original intention of the reform at that time. Unfortunately, due to the limitations of personal ability and capital scale, it has been half-dead.
When I came here, I heard Director Liu from the general office say that the company still owes the bank more than 3000 million yuan in loans. If the bank hadn’t looked at Chen Guangda’s wife’s background, his wife is a senior official of the bank. It's very tough, and he won't be allowed to live freely until now. He has been forced to pay off the loan a long time ago, and then won this valuable piece of land.
To put it bluntly, without his wife, Chen Guangda would have gone bankrupt a long time ago, and he would not support him until now.
Generally speaking, Cheng Yuan is quite satisfied with this place. Although the factory is dilapidated, the place is good. Not only is the place big, but the location is also good, so if the conditions are right, he very much hopes to make his first step here.
Since one wants to buy and the other wants to sell, it is easy to talk, specifically to discuss details and conditions.
The next link is relatively simple, that is, everyone goes to Chen Guangda's chairman's office to discuss specific cooperation matters.
Seeing that this investment project was likely to be successful, Director Liu who followed beside him had his eyes bright and kept sighing, saying that this Chen Guangda is a person who only wants to do business and doesn't value money and the like.He also said that a senior engineer of his age is more or less idealistic and patriotic. Otherwise, with his craftsmanship back then, he would have no problem going to a large state-owned factory or a foreign company, but he chose to build his own car.It's a pity that the ideal is full and the reality is very skinny. Because of the lack of follow-up funds, he has been working half-dead. As long as new funds are invested, the factory will be revitalized immediately. Therefore, this business is definitely worth it!
Hearing Director Liu's words, Cheng Yuan could only smile.
In fact, the previous stories were all told by Chen Guangda himself and Director Liu with the help of him. What is the actual situation is beyond the knowledge of outsiders, maybe it is not that simple at all.
However, one thing is certain, that is, as long as his conditions are met, such as retaining the brand of Arrow Motors, continuing to make cars, retaining these employees, paying off the loan, and retaining him as the general counsel of the new company, the purchase price does not matter. It's not harsh, the equity transfer only needs [-] million RMB!
More than 3 million yuan seems like a lot, but considering that the factory has a thousand acres of land, which is more than 66 square meters, based on the current average housing price of 4000 yuan per square meter in the Landong Development Zone, this price is very expensive. To be fair, even if you have to pay off the more than 3000 million bank loans, you will definitely make a profit.After all, this development zone has not yet been developed, and there is still a lot of room for land appreciation in the future. Of course, all those equipment and so on can be ignored.
According to Chen Guangda, several domestic automobile companies had approached him before, wanting to acquire his company, but they could not agree on some details, such as retaining the Arrow brand and retaining employees.
You know, it takes a lot of energy to rebuild a brand. Those car companies buy this factory because they value the land, and they don’t want to invest money to promote the brand of Arrow Motors. After all, Arrow Motors is not well-known at all. In the eyes of those big automakers, this brand is worthless. Those automakers would rather pay more than keep the brand.
However, Chen Guangda said that he has a very stubborn temper, and he created the Arrow car brand by himself, so he can’t give up at all, so his request is that it’s okay to buy his company, but it must be a car, and it must be kept. brand.
What Chen Guangda said was true. There were indeed many car companies talking to him before, but if it wasn't for the fact that the land where the Arrow Motor Company's factory is located is indeed very advantageous, other car companies would have stopped talking to him a long time ago.
Originally, there was some progress in the negotiation with an automobile group, but recently, due to the state's control of housing prices and restrictions on bank loans, the reduction of money, and the leadership of Shangdong City has just changed, and the new secretary is an airborne transfer from outside. The cadres have strict control over bank loans and bad debts. As a result, due to the lack of follow-up capital investment from the bank, the development of Landong Development Zone has come to a standstill, resulting in local land prices not rising. As a result, the value of this factory Greatly reduced, the original negotiations reached a deadlock.
At the same time, because the bank began to investigate the loan problem, Chen Guangda had to try to sell the factory. Otherwise, if he could not find funds to fill the loan hole after a while, his wife would not be able to control the situation. If the factory were to go bankrupt and be liquidated, then there would be nothing left.
However, even if you want to sell the company early to realize cash, after all these years of working, you still have feelings. If possible, Chen Guangda still hopes to keep the car brand he built himself, and also keep those employees who have been with him for many years .
Naturally, they would not tell Cheng Yuan about these situations, and Director Liu would not say that he and Chen Guangda had known each other for a long time, and that he also recommended this company to Cheng Yuan on purpose.
They are all thieves, and they have long seen that Cheng Yuan has a strong desire to buy and lacks negotiating experience, so they keep talking about benefits, talking about reluctance, and even talking about things that seem harsh but can actually continue to talk Conditions, in fact, are up for grabs.
Although Cheng Yuan didn't know the inside story yet, from his current standpoint, the conditions Chen Guangda said were not a problem to him.
Cheng Yuan is not short of money now, and secondly, he doesn't care about the brand or not. He just needs a foothold so that he can arrange the people under him.
In this way, Cheng Yuan did not make any counter-offers, and agreed on the spot to buy 3000% of the shares jointly held by Chen Guangda, his wife and others in Arrow Automobile Co., Ltd. at a price of [-] million yuan in his own name, and pay off [-] yuan by the way. million bank loans.
After the equity is completely transferred, Arrow Automobile Co., Ltd. will become a one-person limited liability company owned by Cheng Yuan personally, forming a new Arrow Automobile Company. In this new personally owned enterprise, the Arrow Automobile brand will continue to be retained, and employees Also keep it.
Not only that, Cheng Yuan also promised that when he takes over Arrow Motors, he will continue to invest no less than one billion yuan in industrial upgrading, and will promote the development of technology between the new Arrow Motors and the Swedish Koenigsegg Motor Company. Cooperation, and strive to make the Arrow brand better and stronger, at least to be a first-class domestic brand.
As for where the 13 billion yuan came from, on the surface Cheng Yuan himself did not have it, but he could borrow from others just like Chen Guangda did.
Chen Guangda's experience inspired him, as long as he follows a formal loan procedure, as long as there is a company willing to lend money to him, then he can use the money to do things, whether it is reasonable or legal, no one can make a mistake, after all, in others It seems that being able to borrow such a large sum of money is a skill in itself.
In fact, at the beginning, Cheng Yuan didn’t think of this. He originally wanted to buy the car company in the name of Austen Investment Company. In the name of a loan, to buy this company.In this way, if Cheng Yuan borrowed money to buy Arrow Motors, then Arrow Motors would still be a domestic private enterprise with much fewer restrictions.
Once this project is successful, although the capital scale is not large, it is also borrowing foreign capital to revitalize the local auto industry. Director Liu has single-handedly contributed to this matter. This is a surefire achievement.Although entering the 21st century, the various local governments of China are still in urgent need of foreign capital.
For the same reason, because Cheng Yuan used the loan to run a business in the name of a loan with a clear investment purpose, it is also very easy for foreign capital to come in from Austen Company. There is no need to exchange it into renminbi through an intermediary company, and it can be done directly through formal procedures. OK.
Going around in this way, the owner of the Arrow Motor Company is Cheng Yuan, and the Austen Company belongs to the creditor behind Cheng Yuan. Arrow Motor is still a domestic private enterprise, and it is a typical non-foreign capital with a foreign background. enterprise.
Therefore, this acquisition is actually a happy situation for all.
In this way, under the condition that Cheng Yuan gave the money happily, and with the strong support of the city government, it only took a week for Arrow Automobile Co., Ltd. to quietly change hands, and Cheng Yuan got the company 100% of the shares, the company has become a one-person limited company, and Cheng Yuan has two more identities on his head - the legal person and the chief executive officer of Arrow Motor Co., Ltd.
Boss Chen welcomed Cheng Yuan and others very much, and he was also very enthusiastic and talkative. He just said a few words, and after listening to Emma's brief introduction about Austen Investment Company and their purpose of coming here, he began to say this How good the company is, and by the way, he talked about his struggle history back then.
It turned out that Chen Guangda was originally a technician. He was originally the only eighth-level fitter in the second auto repair shop. In those days, an eighth-level fitter was definitely the trump card of a large factory, belonging to the strategic figure.
It is said that Chen Guangda originally belonged to FAW, and later he was seconded to the Shangdong No. [-] Auto Repair Factory here, and gradually married a wife and had children locally, which is also considered to have taken root.
Later, the second repair shop was restructured and changed into a joint-stock system. At that time, Chen Guangda's wife worked in a bank, so she took advantage of her position and borrowed part of the money from the bank to Chen Guangda to buy the second repair shop and change it to A Luo Automobile Co., Ltd.
The reason why it is called Arrow Motors is because his wife’s surname is Luo, and without his wife, Chen Guangda would not be able to buy this second repair shop, so maybe out of gratitude, he called the company Arrow Motors. Not very good, asked him to change his name, but he didn’t do it, so he simply found an English arrow, which means arrow, and changed the logo to a golden feathered arrow, so that if others call this name again, they won’t easily Thinking of his wife, I just thought it was a homonym of the English word.
Hearing this, Cheng Yuan immediately understood that Chen Guangda, the emotional man, was also a person who made his fortune by chance, but there were too many things like asking the bank to buy assets for him back then, so he was not bad, of course. The most rare thing is that he didn't shy away from this matter, and said it casually. It can be seen that he is not ashamed of this kind of loan to buy a factory.
Thinking about it, after someone bought the factory with a loan, it was not speculation, but a down-to-earth business, which was in line with the original intention of the reform at that time. Unfortunately, due to the limitations of personal ability and capital scale, it has been half-dead.
When I came here, I heard Director Liu from the general office say that the company still owes the bank more than 3000 million yuan in loans. If the bank hadn’t looked at Chen Guangda’s wife’s background, his wife is a senior official of the bank. It's very tough, and he won't be allowed to live freely until now. He has been forced to pay off the loan a long time ago, and then won this valuable piece of land.
To put it bluntly, without his wife, Chen Guangda would have gone bankrupt a long time ago, and he would not support him until now.
Generally speaking, Cheng Yuan is quite satisfied with this place. Although the factory is dilapidated, the place is good. Not only is the place big, but the location is also good, so if the conditions are right, he very much hopes to make his first step here.
Since one wants to buy and the other wants to sell, it is easy to talk, specifically to discuss details and conditions.
The next link is relatively simple, that is, everyone goes to Chen Guangda's chairman's office to discuss specific cooperation matters.
Seeing that this investment project was likely to be successful, Director Liu who followed beside him had his eyes bright and kept sighing, saying that this Chen Guangda is a person who only wants to do business and doesn't value money and the like.He also said that a senior engineer of his age is more or less idealistic and patriotic. Otherwise, with his craftsmanship back then, he would have no problem going to a large state-owned factory or a foreign company, but he chose to build his own car.It's a pity that the ideal is full and the reality is very skinny. Because of the lack of follow-up funds, he has been working half-dead. As long as new funds are invested, the factory will be revitalized immediately. Therefore, this business is definitely worth it!
Hearing Director Liu's words, Cheng Yuan could only smile.
In fact, the previous stories were all told by Chen Guangda himself and Director Liu with the help of him. What is the actual situation is beyond the knowledge of outsiders, maybe it is not that simple at all.
However, one thing is certain, that is, as long as his conditions are met, such as retaining the brand of Arrow Motors, continuing to make cars, retaining these employees, paying off the loan, and retaining him as the general counsel of the new company, the purchase price does not matter. It's not harsh, the equity transfer only needs [-] million RMB!
More than 3 million yuan seems like a lot, but considering that the factory has a thousand acres of land, which is more than 66 square meters, based on the current average housing price of 4000 yuan per square meter in the Landong Development Zone, this price is very expensive. To be fair, even if you have to pay off the more than 3000 million bank loans, you will definitely make a profit.After all, this development zone has not yet been developed, and there is still a lot of room for land appreciation in the future. Of course, all those equipment and so on can be ignored.
According to Chen Guangda, several domestic automobile companies had approached him before, wanting to acquire his company, but they could not agree on some details, such as retaining the Arrow brand and retaining employees.
You know, it takes a lot of energy to rebuild a brand. Those car companies buy this factory because they value the land, and they don’t want to invest money to promote the brand of Arrow Motors. After all, Arrow Motors is not well-known at all. In the eyes of those big automakers, this brand is worthless. Those automakers would rather pay more than keep the brand.
However, Chen Guangda said that he has a very stubborn temper, and he created the Arrow car brand by himself, so he can’t give up at all, so his request is that it’s okay to buy his company, but it must be a car, and it must be kept. brand.
What Chen Guangda said was true. There were indeed many car companies talking to him before, but if it wasn't for the fact that the land where the Arrow Motor Company's factory is located is indeed very advantageous, other car companies would have stopped talking to him a long time ago.
Originally, there was some progress in the negotiation with an automobile group, but recently, due to the state's control of housing prices and restrictions on bank loans, the reduction of money, and the leadership of Shangdong City has just changed, and the new secretary is an airborne transfer from outside. The cadres have strict control over bank loans and bad debts. As a result, due to the lack of follow-up capital investment from the bank, the development of Landong Development Zone has come to a standstill, resulting in local land prices not rising. As a result, the value of this factory Greatly reduced, the original negotiations reached a deadlock.
At the same time, because the bank began to investigate the loan problem, Chen Guangda had to try to sell the factory. Otherwise, if he could not find funds to fill the loan hole after a while, his wife would not be able to control the situation. If the factory were to go bankrupt and be liquidated, then there would be nothing left.
However, even if you want to sell the company early to realize cash, after all these years of working, you still have feelings. If possible, Chen Guangda still hopes to keep the car brand he built himself, and also keep those employees who have been with him for many years .
Naturally, they would not tell Cheng Yuan about these situations, and Director Liu would not say that he and Chen Guangda had known each other for a long time, and that he also recommended this company to Cheng Yuan on purpose.
They are all thieves, and they have long seen that Cheng Yuan has a strong desire to buy and lacks negotiating experience, so they keep talking about benefits, talking about reluctance, and even talking about things that seem harsh but can actually continue to talk Conditions, in fact, are up for grabs.
Although Cheng Yuan didn't know the inside story yet, from his current standpoint, the conditions Chen Guangda said were not a problem to him.
Cheng Yuan is not short of money now, and secondly, he doesn't care about the brand or not. He just needs a foothold so that he can arrange the people under him.
In this way, Cheng Yuan did not make any counter-offers, and agreed on the spot to buy 3000% of the shares jointly held by Chen Guangda, his wife and others in Arrow Automobile Co., Ltd. at a price of [-] million yuan in his own name, and pay off [-] yuan by the way. million bank loans.
After the equity is completely transferred, Arrow Automobile Co., Ltd. will become a one-person limited liability company owned by Cheng Yuan personally, forming a new Arrow Automobile Company. In this new personally owned enterprise, the Arrow Automobile brand will continue to be retained, and employees Also keep it.
Not only that, Cheng Yuan also promised that when he takes over Arrow Motors, he will continue to invest no less than one billion yuan in industrial upgrading, and will promote the development of technology between the new Arrow Motors and the Swedish Koenigsegg Motor Company. Cooperation, and strive to make the Arrow brand better and stronger, at least to be a first-class domestic brand.
As for where the 13 billion yuan came from, on the surface Cheng Yuan himself did not have it, but he could borrow from others just like Chen Guangda did.
Chen Guangda's experience inspired him, as long as he follows a formal loan procedure, as long as there is a company willing to lend money to him, then he can use the money to do things, whether it is reasonable or legal, no one can make a mistake, after all, in others It seems that being able to borrow such a large sum of money is a skill in itself.
In fact, at the beginning, Cheng Yuan didn’t think of this. He originally wanted to buy the car company in the name of Austen Investment Company. In the name of a loan, to buy this company.In this way, if Cheng Yuan borrowed money to buy Arrow Motors, then Arrow Motors would still be a domestic private enterprise with much fewer restrictions.
Once this project is successful, although the capital scale is not large, it is also borrowing foreign capital to revitalize the local auto industry. Director Liu has single-handedly contributed to this matter. This is a surefire achievement.Although entering the 21st century, the various local governments of China are still in urgent need of foreign capital.
For the same reason, because Cheng Yuan used the loan to run a business in the name of a loan with a clear investment purpose, it is also very easy for foreign capital to come in from Austen Company. There is no need to exchange it into renminbi through an intermediary company, and it can be done directly through formal procedures. OK.
Going around in this way, the owner of the Arrow Motor Company is Cheng Yuan, and the Austen Company belongs to the creditor behind Cheng Yuan. Arrow Motor is still a domestic private enterprise, and it is a typical non-foreign capital with a foreign background. enterprise.
Therefore, this acquisition is actually a happy situation for all.
In this way, under the condition that Cheng Yuan gave the money happily, and with the strong support of the city government, it only took a week for Arrow Automobile Co., Ltd. to quietly change hands, and Cheng Yuan got the company 100% of the shares, the company has become a one-person limited company, and Cheng Yuan has two more identities on his head - the legal person and the chief executive officer of Arrow Motor Co., Ltd.
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