20 years of restarting life

Chapter 2970 The reason for Xu Mei's change of attitude

This money is still in the form of US dollars in the vehicle factory's account, because the current domestic economic boom requires a large amount of foreign investment to purchase advanced equipment from abroad. There is a huge difference between an enterprise having its own foreign investment and not having foreign investment when it needs to purchase overseas and needing to apply for quotas.

The vehicle factory put the money in the bank, and then used it as collateral to obtain a credit line of 10 billion from the bank to support the company's normal production.

Zhao Changan also had a selfish motive here, that is, next year Zhengzhou Mobile Phone Factory would need a large amount of foreign exchange to import equipment and purchase mobile phone accessories from abroad. Zhengzhou promised to give a preferential loan of no less than 5 billion, but the money was in RMB, and Yinamo North America also needed money everywhere, so the funds that could be invested in the country were limited after all.

Although Sun Hongji did not mention the foreign investment at all, everyone was a smart person. Although he had already taken the future dividend loan, speaking objectively, they also had the right to claim 9600% of the US$25 million deposit.

At this moment, Zhao Changan felt a little annoyed.

This is why many companies are now unwilling to form joint ventures with these companies, and instead prefer conditional acquisitions.

The prerequisite for this acquisition is basically that the original factory itself resolves the complex and maddening problems of its employees, retirees, triangular debts, etc.

Now it is just a joint venture between Nan Nan Ming Zhu and YTO for this vehicle factory, and troubles can be found along the way.

But from another perspective, what Sun Hongji said is not without reason, and it is obvious that he was so anxious that he had no choice but to resort to this desperate measure.

Zhao Changan couldn't help but think of the fact that Guo Chengsong was the director of a factory run by a technical college, but his son and daughter-in-law rode tricycles around the alleys collecting waste every day. One does not know how expensive materials are if one does not manage the household. You must know that the factory run by the Muye Technical College has only three or four hundred employees, including retired employees, but Sun Hongji is facing a hundred times that number, and the pressure on him can be imagined.

There was also the embarrassment and suffocation of having my parents rummage through boxes and drawers to find the money before the winter break in my senior year of high school because they had to pay the dozen dollars for my summer homework.

Although he also understood that this was the pain that reform must endure, but a speck of dust from the times is like a mountain on a person's head. If there is any way out, who would be willing to endure this pain?

"Brother Sun, didn't you just borrow 80 million yuan?"

Zhao Changan was a little confused. Although YTO was a large company, he obviously borrowed the money just to have a good New Year. YTO had laid-off and retired employees, kindergartens, primary schools, junior high schools, high schools, technical schools, hospitals, television stations, and various supporting service companies. The total number of employees would not exceed 40,000 at the highest.

On average, each person can get 2,000 yuan out of the 80 million, which is enough for a good year.

Moreover, YTO's products are just unsalable, not unsalable at all. This year's small four-wheel tractors are still selling very well, and its large-wheel tractors, road rollers, cars, excavators, harvesters, diesel engines and bulldozers are exported to more than a dozen countries. In the past year of 01 (Gregorian calendar), its sales revenue was nearly billion, and it is still a giant.

The sales revenue looked okay, but half of the payments had not been collected, and there were a lot of triangular debts involved. The company's production efficiency was low and it was in a loss-making state.

By the end of the year, all the funds in the factory were burned out.

"That was the plan at the beginning, but now the company is in arrears. Many upstream raw material companies won't deliver goods unless we pay them in cash. We have to keep this money to maintain basic operations at the beginning of the year. If we talk good words for 80 million, we can get 200 million worth of raw materials, so we don't have to worry about production at the beginning of the spring."

Sun Hongji said with a sad face: "I am full of confidence in the future of YTO. Now we are going through the hurdle of reform. If we grit our teeth and persevere, we will be able to stand firm. But if we become weak, it will collapse at any time. This is the livelihood of tens of thousands of people."

Zhao Changan smiled, knowing that he himself did not believe what he said. How could such a large enterprise be allowed to collapse? It was just that the enterprise was being forced to squeeze out money. Otherwise, if it continued to rely on the government for support, it would not only be difficult for the enterprise to get back on its feet, but it would also create a waste.

"Changan, please support us if you can. The Vehicle Factory and YTO are brothers now, and they are closely related."

Gu Dacong.

As for the light trucks at the vehicle factory, especially after the signing of this large order, YTO transferred all the capable personnel of its own vehicle factory to the vehicle factory. Its own vehicle branch was shut down. The diesel engines, bearings and vehicle chassis used by the third factory were all provided by YTO, and the prices were very reasonable.

Zhao Changan thought for a moment and asked, "How much do you need?"

Sun Hongji hesitated. "Go ahead, Chang'an asked you, but you didn't say anything."

Gu Dacong.

"One hundred million."

Sun Hongji blushed a little when he said this, and then quickly added: "Now several upstream companies are enterprises in the city. They are about to go bankrupt if they are delayed. If I don't give them some money to help them through the New Year, if I pay wages here, people from several factories will come to ask for money."

Zhao Changan knew that Sun Hongji was telling the truth, so he said to Gu Dacong, "I will discuss this matter with Mr. Wen, but even if it works, I will pay you back with interest."

"Yes, yes!"

Sun Hongji nodded in agreement without even falling, with a flattering smile on his face.

"Also, the loan can be applied for from the bank in the name of the vehicle factory, but the city will be responsible for coordination."

"No need to coordinate. Our vehicle factory is now the God of Wealth. Mr. Li from the credit union said that as long as we use the vehicle factory's account, we can make a phone call now and the loan will be released immediately."

Sun Hongji.

"Also, the vehicle factory has the right to deduct this money from YTO's purchases and from the vehicle factory's future dividends. If this cannot be achieved for various reasons, it will be included in the company's total investment and the equity will be recalculated."

6◇9◇Book◇Bar

"Good good!"

At this time, Sun Hongji didn't care about so many things. He just wanted to get the 100 million as soon as possible. Otherwise, his home would be like a vegetable market these days, with either factory directors and CEOs asking for payment for goods, or employees asking for wages and medical reimbursement.

After saying this, the car had already entered the city and was only five or six miles away from the hotel.

"By the way, has there been any changes at the vehicle factory in Shiyan?"

Sun Hongji and Tian Ruifu were classmates at the Shiyan Automobile Manufacturing Plant Workers' University, which has now become an undergraduate institution. As far as Zhao Changan knows, they have always had a good relationship.

"Are you talking about the Wei Sixiang incident? Mr. Xu is a very flexible person."

No matter how you listen to Sun Hongji's words, it seems more like he is mocking Xu Mei.

He guessed that Zhao Changan didn't understand, so he explained: "Tian Ruifu has retired to the second line. Lv Xuejin used to hold the nominal position of deputy general manager of the head office, but now he has been assigned the work of the main factory and is responsible for production. Wei Chongzhi was basically in charge of the affairs of the first factory. If nothing unexpected happens, Wei Chongzhi will be promoted to the director of the first factory after the new year. It's just that I don't know whether he will still hold the title of deputy general manager of the head office as usual. This depends on the specific distribution of work and how much say Lv Xuejin can get."

Zhao Changan was stunned for a moment, but this could also explain the change in Xu Mei's attitude towards Wei Sixiang.

"It happened so suddenly, how come there was no news beforehand?"

Zhao Changan.

"Yes, the specific reason has not been officially announced yet, they just said they have stepped back to the second line."

Sun Hongji shook his head and said, "There are all kinds of rumors out there, but they are just groundless rumors, and their authenticity cannot stand up to scrutiny."

(End of this chapter)