The city's ideas also served as a reminder to Xing Baohua to speed up the process of divestiture.
This progress cannot be accelerated at will. Motorcycle factories are under construction, power plants are under construction, and even Samsung is involved.
We'll have to wait until the year-end audit to find an opportunity.
A week later, Xing Baohua set off for the provincial capital to attend a major conference.
The vast majority of them are entrepreneurs, and the vast majority of these entrepreneurs are employees of public institutions.
Despite the fact that many companies are in trouble, these people are in high spirits and have no worries.
They greeted each other with jokes and laughter, even offering to treat each other to a meal. They'd say things like, "The food there is delicious."
You're not theirs, good or bad, it's the same if you work somewhere else. But food, drink, and entertainment are their own resources and connections.
Xing Baohua valued this committee member position because he enjoyed holding tea-party-like conversations.
It's basically about discussing things while eating, drinking, and having fun.
It's basically irrelevant to the overall situation.
However, the current situation is not optimistic. Most of these people are inquiring about how to reorganize.
How are funds allocated? What conditions are required to receive funding, etc.
Of course, many of those who came specifically because of Xing Baohua were from electronics-related factories.
They hope Xing Baohua will give them some orders.
He ignored Xing Baohua back then, but now he's begging him for help, but it's too late.
Xing Baohua painstakingly built his own supply system; who knows how difficult it was for him back then?
Speaking of this, in order to find spare parts suppliers, Xing Baohua sent Xu Shuai out, but he always came back begging for food and almost starved to death on the road.
Now they tell Xing Baohua that they are such and such factory, that their product quality is such and such, and that they have won provincial and national awards for quality.
This guy isn't interested either.
When people's morale is unstable, how can we talk about quality?
Xing Baohua is afraid of this kind of company. It's not that he doesn't want to lend a hand, but he's afraid that if he pities others, he'll end up hurting himself.
If there are quality problems with the parts, it will not only cause delays but also hinder profits, resulting in a chain reaction of losses.
Think about Workshop 5. The parts have such serious quality problems, why not deal with them quickly?
If we deal with that, we'll have no suppliers left, especially those who can delay payments.
This resulted in a gradual increase in costs for the fifth workshop, which was already being ripped off by foreign trade companies and was now selling at almost cost price.
If costs are high and prices can't be raised, won't that just mean losing money?
No one can withstand losing too much money.
It's not like Samsung Electronics' memory chips, which have a world-class conglomerate backing them up and can afford to lose billions without any problem.
But our local small businesses are looking for something more exciting.
He politely declined those who came to see him.
Refusing is tantamount to offending someone.
At Xing Baohua's level, it's okay to offend people.
Everyone looks out for themselves. He has to think about his own company.
This is because the two units have different properties.
The only important news from the two-day meeting was another major conference, which aimed to draft a corporate bankruptcy law.
That grand conference will be held in the main hall of the capital.
If Xing Baohua had chosen to be a representative instead of a committee member, he might have had the opportunity to attend the first conference.
If the bankruptcy law is established, it would be good news for Xing Baohua.
Can he wait until certain companies go bankrupt before acquiring them?
Of course, he needs to understand the policies and what qualifications and eligibility are required to acquire bankrupt enterprises and institutions.
We can't let anyone find fault with us, like saying we've lost something or anything. Once that label is attached, the "Xing" in Xing Baohua's name will need to be changed, and he'll have to be called Xing Baohua.
Once this bill is enacted, it will definitely create loopholes for people to exploit.
Quite a few.
He needs to go back and prepare; he doesn't plan to use the electronics factory to acquire some related public institutions.
He will use a Hong Kong holding company to form a joint venture and liquidate the assets at a price he can accept.
At times like these, he needs to be honest. He wouldn't stoop to trickery or underhanded tactics like trying to lose money at a low price.
Legality and compliance require third-party oversight.
Why make it so complicated?
Too many people want to get leverage over him, and he doesn't want to leave any potential problems behind.
He has no reservations when dealing with private companies.
But he wasn't dealing with ordinary people! They were all people with titles and ranks.
He could make Xing Baohua feel great just by talking, even if it meant he had to suffer losses.
The more critical the period, the more careful we must be.
With the city's reminders, Xing Baohua knew that what lay ahead was both an opportunity and a crisis.
This guy has been doing this for so long, he's not oblivious to the fact that they have people watching over them. Otherwise, someone would have already taken his piece of the pie.
After the meeting, back in central Shandong, Xing Baohua first had a private talk with Xiao Bo.
They just kept chatting and became even closer.
The finances must be handled by someone within Xing Baohua's control.
Next, we need to manipulate Xiaobo's position in finance.
Xing Baohua finally made his move.
Xiao Bo was promoted to a position below the CFO, despite her youth and lack of ability. She is a founding member of the company.
Even if others disagree, you have to keep it to yourself.
Chinese people also value seniority, and Xiaobo's seniority speaks for itself.
The kind that has nothing to do with romantic relationships.
Of course, now that he has it, his position is unshakeable, unless he makes a huge mistake, the kind that even Xing Baohua can't protect.
Under Xing Baohua's guidance, Xiaobomei learned that she needed to do some things to cover up the debts.
Most companies have two or three sets of ledgers.
Xing Baohua also happened to have three ledgers.
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