20 years of restarting life

Chapter 3024 Luanchuan Molybdenum Industry
Gu Dacong and the others certainly knew that Zhao Changan was not some good man who only did good things. As a businessman, he would not do anything without profit. This was his nature.

Therefore, they did not expect Zhao Changan to inject capital into Chundu Group or take over those subsidiaries, but hoped that Yinnano could acquire 37.5% of Chundu Food’s shares held by Chundu Group, totaling 6000 million shares.

Chundu Group currently holds 62.5% of Chundu Food’s total share capital, or 1 million shares.

"The company's current plan is for Yinaomi to acquire 6000 million shares, the Provincial Construction Investment Corporation to acquire 3340 million shares, and the group to retain 660 million shares. As for the acquisition price, that's negotiable and will be determined by market conditions. The goal is to use Yinaomi's strong management capabilities to build up the Chundu brand again and make it the number one brand of ham sausage in China."

After visiting the production line, a group of people went to the conference room to drink tea and discuss things. Gu Dacong did not hide anything and spoke frankly to Zhao Changan.

Zhao Changan nodded. This equity split of Chundu Group was as comprehensive as possible. The provincial investment company had state-owned assets, so Chundu Group would always keep some shares as a thought. Yinaomi's acquisition of 37.5% of non-circulating shares basically meant that it had control over Chundu Food.

When we invested in Luoyi Agricultural Vehicle Factory before, due to various reasons, especially the fact that YNMI was short of money, we had to agree to the participation of Luoyi Asset Management Office and Luoyi YTO.

With the joining of these two forces, many things in the vehicle factory did not go according to Zhao Changan's ideas. At least Zhao Changan's initial idea was that the vehicle factory and Wanyang's automobile industry would cooperate to create a common interest binding chain.

If he were to choose this time, he would either agree to the acquisition, but demand all 62.5% of the shares, or ask Gu Dacong and others to make concessions in other industrial areas.

"For this matter, the Zhengzhou headquarters of YNAMI will set up a project negotiation and evaluation team in the near future to contact Luoyi. Although it is too early to say whether a friendly cooperation can be achieved, my attitude is that I will try my best to reach a consensus with you and complete the cooperation."

Zhao Changan's speech won warm applause in the conference room.

This was the first time that Zhao Changan promoted the Yinano Zhengshi branch to the level of Yinano Zhengshi head office, which meant that he had consciously made Yinano Zhengshi and Yinano Mingzhu equal.

This is also one of the things that Wen Ye and Tang Shuang are going to do next, which is to make the Yinaomi Zhengzhou Branch, which was originally a subsidiary of Yinaomi Mingzhu, independent in terms of finance, personnel information and other aspects.

"If we can reach a basic agreement, we can sign an Equity Custody Agreement, which will allow us to partially escrow no less than 20% of the equity. Your company will send management personnel to the Chundu Food Factory to conduct a smooth handover of management rights."

Gu Dacong smiled and said to Zhao Changan: "Chundu ham sausage was once the top brand in China, but it has fallen to this point. We are all very anxious. We hope that your company can take over as soon as possible and make this brand and this once nationally renowned company flourish as soon as possible."

What Gu Dacong meant was that if the name is not right, the words will not flow. After signing this agreement, Yi Nanometer can enter the food factory. The first step is to get used to it. Luoyi’s goal is not to sell the factory, but to find a strong enterprise to make Chundu Food Factory bigger and stronger again.

This custody agreement is actually a test paper. Luoyi must feel that Yinnano can build up the business before it will formally conduct equity transactions with Yinnano.

Secondly, after participating in the management, Yinnano can evaluate whether it has the ability to build the company. If it has the ability, it can cooperate. If not, it can withdraw as soon as possible. This choice is responsible for Chundu Food Factory and Yinnano. It is not to coax Yinnano in first and then shape it as it pleases.

"Shu Gu, you are very thoughtful. Let's put this matter aside for now and discuss it in detail after the project team in Zheng City is established."

Zhao Changan smiled and said to Shen Zhongxing, the person in charge of Luanchuan Molybdenum Company, who came over this time: "Please tell us about your company, Mr. Shen."

Everyone in the conference room, including Gu Dacong, looked at Luanchuan Molybdenum CEO Shen Zhongxing with different expressions.

This time, Gu Dacong selected a total of 16 state-owned, collective, private joint ventures and listed companies such as Chundu Food from all the Luoyi enterprises. Among them, the one he most wanted Yinnano to take over was Chundu Food.

Of course, if Zhao Changan's appetite was a little bigger and he wanted to take over Chundu Group, he would be even more happy to see it happen.

However, there are too many debts owed by the various related triangular debts of more than a dozen subsidiaries under Chundu Group, and he also knows that Zhao Changan will not be stupid enough to get himself involved.

However, as long as Zhao Changan is willing to acquire 37.5% of Chundu Food’s shares this time, the purpose of Luoyi spending so much time and effort to entertain him will have been achieved.

For this purpose, he also carefully selected the other fifteen companies to run with him.

Afterwards, there were several companies that Gu Dacong wanted to sell, such as Luoyi Cement Plant, Luoyi Thermal Power Plant, Cotton Textile Factory, Luoyi Machine Tool Factory, Copper Processing Plant, Refractory Materials Factory, and Bearing Factory.

They are all large factories with hundreds or thousands of employees that are currently experiencing operational difficulties.

6◇9◇Book◇Bar

As for Luanchuan Molybdenum Industry, Shen Zhongxing went to the city today to complain, asking for money for the New Year and support policies. Gu Dacong, who was left with no choice but to say that Zhao Changan, the president of Yinnano, was coming to inspect the company today. If you are capable, you can get him to invest in your company. Yinnano is rich, so money will not be a problem. Not to mention that you now owe the bank so much overdue debts. If the news gets out, banks will hold checks and beg you to continue lending money tomorrow.

After listening to this, Shen Zhongxing smiled bitterly and shook his head, and said to Gu Dacong, "Gu Shu~, you know that the international molybdenum metal price has been sluggish since 96. The price has been falling again and again in the past six years, and now it has become inverted. The production cost is almost the same as the international price. The more you sell, the greater the loss. Although Mr. Zhao is rich, he is not a man who spends money lavishly.

Gu Dacong retorted to Shen Zhongxing that he, Zhao Changan, was not a man who gave away money, but I, Gu Dacong, was. Money is needed everywhere now. You are guarding a mine and still complaining about being poor and having no money. Then what about those who have nothing in their hands?
Speaking of losing money, why are other molybdenum companies at home and abroad still making profits, but you are making losses?

Improving management mechanisms, saving energy and reducing consumption, and improving production efficiency are not just empty words or just slogans!

Shen Zhongxing was so embarrassed that he blushed and was speechless.