Chapter 359 Acquisition of a Factory



After riding bicycles to their destination, Linglong and her friends were still very cold even with cold-proof gear, and their desire to buy a bicycle became even stronger.

But the most important thing right now is the business of the garment factory.

Because the factory owed wages for several months, the workshops had basically stopped production and the situation looked very depressed.

There were people on duty in the production workshop and warehouse, so Xiao Jiang simply handed a box of good cigarettes to the gatekeeper and entered smoothly.

The prices of tobacco and alcohol are rising sharply now.

Ordinary fireworks can be bought with money, but good fireworks may not be available even if you have money.

For example, if you want to ask someone to do something for you, if you can get a bag of high-end cigarettes and some good wine, you might get a job or housing qualification. It's very powerful.

Nowadays, people don't accept money, but they feel very light psychological burden when they are invited to dinner or accept gifts.

There were not many people in the yard of the garment factory. When they saw unfamiliar faces like Linglong and Xiaojiang, some people asked about them. When they learned that they were "relatives" of the gatekeeper and just came in to take a look, no one said anything.

Linglong and the others walked around and did not go into the workshop. They stood at the window and looked in, which gave them a deeper understanding of this garment factory.

When they left the factory, the old man greeted them warmly.

After getting into the car, Xiao Jiang still had some doubts.

"Sister-in-law, this factory doesn't look very good."

"It's better if it's not too bad. If it's too good, it won't be our turn."

"So we really want to buy this company?"

"Well, let's talk first."

She and Xiao Jiang are going to discuss cooperation in her capacity as the mainland head of her own Zhongjiang Company.

In order to gain trust, an authorization contract from Zhongjiang Company must be issued.

This is a small matter for them, as Zhong Jiangzhang's things are all kept in their office.

The director of this garment factory is surnamed Zhu.

Because the factory is already in a mess.

Their factory is not large in scale, but when the profits are good, the income is also very good.

But later, as competition in the market became increasingly fierce, they gritted their teeth and took out loans to buy new equipment, hoping to save the factory.

But the opposite happened, the clothes produced by the factory could not be sold.

When someone contacted Director Zhu and told him to go to the town government, Director Zhu was still confused.

In the past, he had to go to the town government to see the leaders many times for factory matters. At the beginning, he could still see them, but later, every time he came, they were either on a business trip or had other things to do.

He also knew that the leaders were avoiding him, so why did they take the initiative to invite him over?

Thinking that the factory couldn't get any worse, he arrived with some hope.

"Are there any Hong Kong businessmen who want to acquire our factory?" Director Zhu widened his eyes.

These days, foreign capital and Hong Kong businessmen are very popular.

Now we know where these investors are. The thresholds of their guesthouses and hotels have been trampled down by people from various departments and state-owned factories.

Director Zhu had also imagined that outside investors would take a fancy to their factory, but he was just dreaming.

The mayor smiled and nodded, as if your factory must have burned incense to make a fortune.

Knowing that the Hong Kong businessman had come to seek investment, the mayor had considered recommending other units.

Even higher-level leaders came looking for him.

However, the Hong Kong businessman in charge was very firm and said that they had taken a fancy to this small garment factory and wanted to use it as a garment processing factory for their company.

Since they have decided to hire this one, what else can they do? Saving a factory and attracting investment is better than not investing at all.

This unexpected good news almost made Director Zhu overjoyed.

Both sides are happy with it, and now it's time to discuss the details of the negotiations.

The town government, including Director Zhu, were very willing to pay exorbitant prices at the beginning.

The factory was valued at 300,000 yuan, and Zhong Jiang was required to pay all the workers' overdue wages, and he could be given 49% of the shares.

The factory buildings and equipment are all included in the 300,000 yuan, and the equipment is still calculated based on the full purchase price.

These equipments are the most valuable items in the factory.

After Linglong learned about the situation carefully, she realized that the factory had been cheated. This equipment was an old production line. The latest upgraded production line only cost about 100,000 yuan, but this old one cost so much.

If they followed their wishes, Zhong Jiang would have to pay more than 100,000 yuan.

Even if she could get a bank loan, Linglong was unwilling to agree to such conditions.

They made it clear that if they couldn't reach an agreement, they would just fire the person.

The town government and Director Zhu had no choice but to lower the conditions again and again.

After all, without Zhong Jiang's words, the factory would have gone bankrupt if it continued to operate.

In the end, the factory was valued at 100,000 yuan, of which Zhong Jiang paid 900,000 yuan and received 7.90% absolute equity, with the remaining 70% being given to the town government.

The contract clearly stipulates that the town government only has the right to dividends and cannot interfere in any management of the garment factory.

Linglong did this with some consideration.

It is impossible to acquire it in bulk, so we can only involve the local government.

If the government can get dividends and reap the benefits, it will also protect the interests of the factory.

As long as you don't interfere with the management of the property, there will be no problem.

Because of the negotiations, she and Xiao Jiang were busy for a week and lost weight.

Fortunately, the tough bone was finally chewed.

That 900,000 yuan plus the tens of thousands of yuan in back wages owed to the factory workers totals 100,000 yuan in expenses.

The payment is not received immediately.

Only the wages owed to the workers need to be paid immediately.

Zhong Jiang used his own clothing store as collateral to obtain a loan of 800,000 yuan.

No matter how much the interest was, Linglong knew she had made a fortune.

The clothing factory does not produce anything. It just sits on the land where the factory is located and waits for it to appreciate in value. The profit will double in the future.

In order to acquire the garment factory, Linglong and his company hired two more people to work.

The big part is done, and someone will follow up on the details later.

Linglong finally returned home.

Seeing that she had lost a lot of weight, Zheng Tiansen began to feel distressed.

"You're so tired, I regret letting you leave the unit."

"Don't worry, it's just that we don't have enough manpower now, but that won't be the case in the future. Our company now has a factory."

When she talked about this, she became very excited and felt that her career had reached a new level.

Although there are still many trivial things to do between the successful acquisition and the completion of the product, she is still happy.

Apart from the bank loan, their company's expenses are not much, and it does not affect their own base camp, so they still have spare energy to do other things.

Buying a car is naturally on the agenda.

Zheng Tiansen also participated to provide reference.

Linglong's requirements remain the same: no brand, no price, only practicality.

Zheng Tiansen gave her some suggestions, and Xiao Jiang also had a lot of ideas.

They originally planned to buy a car worth 100,000 yuan, but as they looked at it, it became 100,000 yuan. In the end, they bought a Crown worth more than 200,000 yuan.

In addition to the Crown, a van was also bought for the driver.

Speaking of corporate cars, the right to use the Crown car is basically limited to Linglong and Xiaojiang, while there are not so many restrictions on vans.

Xiao Jiang also knew that Linglong had always wanted to have a car, so he would drive the minivan whenever Linglong didn't need it.

Even though it was just a small van, Xiao Jiang couldn't stop smiling.

Time passed quickly as I acquired the factory and bought a car, and in the blink of an eye, it was the New Year again.

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