The Double Happiness brand televisions produced by Luzhong Television Factory were in high demand and short supply back then.
Major shopping malls and supply and marketing cooperatives personally sent vehicles to queue up and pick up the goods.
It was only popular for two or three years, after which sales were unsatisfactory, and there was even a precipitous drop in sales, resulting in a large number of television sets piling up in the warehouse.
A once thriving factory has been driven to the brink of collapse.
There are many factors involved, which has led to the current situation where neither the maternal grandmother nor the paternal uncle cares for the child.
When Wei Laisong arrived in central Shandong, he never gave the television factory a second glance or any serious attention.
Although I knew there was such a factory, it had already slowed down the city's progress.
Some things need to be resolved, but not now. It's a good opportunity to take advantage of Xing Baohua's desire to learn about the television factory and to hear the factory director's report.
After listening to the report, Xing Baohua understood that the previous popularity of Double Happiness televisions was due to the shortage of such home appliances in the market, which were considered major home appliances at the time.
Unfortunately, like the ephemeral beauty of a night-blooming cereus, it has become a thing of the past.
Why? It's definitely man-made!
The factory leaders who led the team to success were promoted, and several factory leaders who were transferred from other departments to take charge of the work were promoted from within the factory itself.
Such a team has no heart for the company at all.
Another crucial factor is the slow payment collection.
After finally managing to get some money back, it was basically spread across various expenses at the factory. As for downstream suppliers, they continued to owe money, and they couldn't just cut off supplies to them.
This led to a gradual increase in debt, and the products also became unsaleable.
The leaders of the TV factory are like leeks, constantly changing. Some genuinely want to pull the TV factory out of its predicament and want to upgrade the production lines and assembly lines.
It all comes down to money!
We already owe so much money, we can only ask the city for it.
Whether it's a production line or an assembly line, you still want the best, like imported ones?
Last time I wanted to mess with Xing Baohua, but he managed to evade me. After that, the television factory didn't amount to much and had to rely on government funding.
Many workers are having trouble getting their wages paid, and many have taken unpaid leave to look for other jobs.
It seems that most of the workers went to Xing Baohua's electronics factory to make screws.
Tian Maosheng even felt that Xing Baohua had taken over his workers, and if he also took over his factory, it would be perfect.
He was unaware during his visit that Xing Baohua actually intended to acquire the television factory.
In his report, he didn't dare mention that most of the workers in his factory went to work in electronics factories and several nearby electronics industrial plants in order to make a living.
As for the production line that Tian Maosheng mentioned, Xing Baohua felt it was already very old, but the assembly line could still be used after some modifications.
He turned to Wei Laisong and said, "There's not much usable stuff from the TV factory, and forget about the land, it's useless to me. What do you think, should I take it over, or build a new factory myself?"
Tian Maosheng understood what Xing Baohua meant: he wanted to acquire the television factory! He probably couldn't let him get away; he'd rather work in the new factory tightening screws with the workers than be this lousy factory manager.
The others are manageable, but those debt collectors are practically besieging his house.
When Tian Maosheng tried to interject, Wei Laisong glanced at him, and he swallowed his words.
Wei Laisong said, "What, are you trying to rip me off? Tell me your terms."
"200,000, that's the highest I can ask for. I only want the TV factory production line, nothing else," Xing Baohua said.
"500,000! It's a factory after all, so I can explain things to everyone."
“It’s not worth 500,000. I’d be throwing it away for nothing, and I’d have to split the profits with you. 250,000, take it or leave it, or I’ll do it myself,” Xing Baohua said.
Tian Maosheng watched the two haggling over the price, completely disregarding him, the television factory manager!
He sold it for 300,000 right in front of him.
And the money never even reaches his hands—300,000! How much of it will he get? Probably not even enough to pay off a debt owed by a downstream parts supplier.
Wei Laisong told Tian Maosheng to go back and quickly organize people to dismantle the production line, so they could wait for Boss Xing to pick up the goods.
With a wave of his hand, he was sent away.
As for his new position, this high-ranking official in the city didn't tell him either. He didn't even give him any instructions regarding the future of the television factory.
He even felt that he wasn't the factory manager of the television factory, but just an administrator.
The next step was to negotiate with Yicun Brand Air Conditioner Factory. The two agreed to personally visit the factory the next day for research.
This is a factory with considerable profits. Wei Laisong is a little reluctant to sell it now. What if the brand becomes successful?
Because the TV factory is located in the city center and the site is not large, future expansion will be limited by space. Xing Baohua felt that it would be much better to rebuild the factory in the High-tech Development Zone than to take that piece of land.
Moreover, Xing Baohua wouldn't have much use for the old factory land; he's not in the real estate business! Besides, the most valuable part of the TV factory is the land; 300,000 yuan is just for the production line and the TV factory's nameplate.
As for the workers and debts at the television factory, Xing Baohua didn't want them; he simply handed them all over to the city.
While it appears that the city has taken over the workers' employment relationship and historical debts, these losses are actually being offset by the profits from the newly established joint venture television factory.
Wei Laisong and Xing Baohua have been working together for so long, they are both seasoned veterans, and there is absolutely no way they would leave behind any asset losses.
All procedures must comply with current regulations and must withstand scrutiny.
After finishing their business, Wei Laisong didn't rush back. He had a working lunch at Xing Baohua's place, which was in the cafeteria.
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