"That's absolutely impossible."
Shen Dong said without hesitation, "Director Li, our Tengfei Garment Company's goal is to become the number one clothing brand in Xia Country, with an annual profit of at least 3 billion. To achieve this goal, the most important aspects are style and quality. For the former, we have already hired more than 100 excellent clothing designers to ensure that we have more than 1,000 new garments every year. The latter involves the selection of fabrics."
"To be frank, the fabrics produced by the three major textile mills are far inferior in quality to the standards of our Tengfei Garment Company, and the technology is extremely backward. In today's fiercely competitive textile industry, such a level is not only inferior to foreign textile mills, but it is also inferior to textile mills in the south. This is why the fabrics just can't be sold."
"Acquiring textile factories is a strategy that our Tengfei Garment Company decided on long ago. If we cannot achieve full control, we would rather not do it."
Li Fuming was surprised by Shen Dong's assertiveness and frowned, saying, "Does Mr. Shen think that the three major textile factories have no merits at all? If so, why did you still want to acquire them?"
Shen Dong smiled and said, "The textile factory has three advantages. First, it has a large number of skilled workers. They have been working for so many years, and their skills can be described as superb. Second, the textile factory is large enough, covering more than 5,000 acres. I am very optimistic about real estate in Yandu, and it may appreciate in value after I buy it. Third, it has a lot of large trucks for transportation, 320 of them, which is a considerable asset. Apart from these three points, I can't think of any other aspect of the textile factory that could attract me."
Li Fuming said, "Isn't this enough?"
Shen Dong said, "Of course it's enough, that's why I'm here. Director Li, we must acquire it completely; this is the premise of our negotiations."
Chen Yongren smiled and said, "Director Li, I have already made the acquisition issue very clear to the three major textile factories. Your sudden request for financing in front of our bosses could easily lead to misunderstandings. Please don't make such a joke. I still want to get promoted and receive a raise in the future."
"Ha ha ha ha"
Everyone laughed when they heard Chen Yongren's words.
Shen Dong nodded to himself.
Chen Yongren had been fighting in the business world with Jimmy for two years and had become quite skilled.
His humorous remark was timed perfectly, easing the tension in his negotiations with Li Fuming and laying the foundation for friendly talks to follow.
As expected, Li Fuming readily agreed, laughing, "For the sake of President Chen's future, let's put the financing aside for now. Mr. Chen, I can tell you're a very decisive person, so let's get straight to the point. How much are you planning to offer to acquire the three major textile factories? And how will you settle the 14,000 employees of those factories?"
Shen Dong had already discussed this issue with Chen Yongren, saying, "I can fully assume responsibility for the 640 million yuan debt owed by the three major textile factories, and I'll give you an additional 160 million yuan, bringing the total to 800 million. As for the 14,000 employees, we will give them a chance to prove themselves. Once the new production line is operational, we will not only not dismiss outstanding employees, but we will also increase their salaries accordingly. For those employees who are lazy and unwilling to work, we will give them five years' worth of salary in a lump sum to let them leave. Director Li, what do you think?"
Li Fuming said, "We can accept the resettlement of employees, but there must be a bottom line, which is that there must be no fewer than 12,000 people."
After a moment's thought, Shen Dong said, "No problem."
Li Fuming continued, "As for the price, 800 million is absolutely not enough. You know, the land of the three major textile factories alone, 5,200 mu, is worth 1.6 billion, not to mention the factory buildings and equipment."
Shen Dong shook his head and said, "Director Li, let's not talk about the factory buildings and equipment. The former has been in disrepair for years and the environment is extremely poor. We will demolish and rebuild it to provide the best possible environment for the employees. The latter will all be phased out. If we sell them as scrap metal, they probably won't even fetch 100,000 yuan."
Li Fuming asked, "What about the land?"
Shen Dong said, "The land use right for industrial purposes is for 50 years. Nearly 30 years have passed now, so 1.6 billion is simply impossible. 800 million is the limit I can accept."
Li Fuming was taken aback and said, "What if we approve fifty years for you?"
Shen Dong pondered for a moment and said, "A price of 1.6 billion is not impossible, but I have a few conditions."
Li Fuming's spirits lifted, and he said, "Please speak."
Shen Dong said, "First, I want to build the world's largest garment factory in Yandu. The government needs to provide me with at least 4,000 mu of industrial land in the Third Ring Road and a bank loan of 2 billion yuan. I will pay off all the loans within five years."
"boom"
This proposal sent a chill down the spines of all the officials in the Commerce Department.
The world's largest garment factory...
Four thousand acres of industrial land...
A loan of 2 billion over five years...
Such a large investment is beyond the authority of even the Ministry of Commerce to approve.
Li Fuming took a deep breath and said, "Mr. Shen, you are truly generous. I will report to my superiors after the negotiations are over. Whether it will be approved is beyond my prediction. However, it should be fine most of the time, because Yandu has been actively attracting investment."
Shen Dong laughed and said, "If this all needs to be reported to the higher-ups, then I'm afraid you'll have to report my next conditions as well."
Li Fuming asked, "Is it also an investment of several billion?"
Shen Dong nodded and said, "I love our country's traditional culture very much, even to the point of being obsessed. So I want to invest 500 million yuan to build a museum of about 200 acres in the Third Ring Road of Yandu."
Li Fuming was taken aback and said, "Mr. Shen, building a museum requires a lot of antiques and calligraphy."
Shen Dong smiled and said, "I've already made plans. As long as the government agrees, I will gather a large number of experts to travel all over the country to collect antiques and calligraphy and paintings, with a target of 100,000 pieces."
Li Fuming said, "This will probably require a large sum of money."
Shen Dong said, "I've prepared one billion for them. If that's not enough, we'll add more. Anyway, it'll only be four or five billion at most, which I can afford."
Damn it!
If it weren't for the inappropriateness of his identity, Li Fuming would have been unable to hold back his swearing.
What does "four or five billion" mean?
That's all?
Is this even human language?
If all that money were used to develop manufacturing, how many factories could be built?
That bastard actually went and started a private museum; it's outrageous!
Everyone else was also stunned.
He'd rather spend four or five billion to build a museum; Shen Dong must have lost his mind.
Little did they know that an antique that costs four or five billion to buy in this era would be worth at least four or five hundred billion in twenty years.
What business can generate a hundredfold return in twenty years? Probably only those tech companies in the United States, and that's still the result of capital investment.
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