I'm just trying to ride the wave of popularity!

Chapter 160 The Springtime for Coal Bosses!

early morning.

3 o'clock.

In the study, Li Dachun was flipping through the book "Crisis Investment".

The more I read, the more alarmed I became, especially after reading the article "Industries on the Edge of a Knife," which made me realize something.

This book has no author's name, no author information, and only a publisher's name whose authenticity is unknown.

I didn't think much of it at first; I just used it to decorate my study. But I couldn't sleep today, so I took it out and flipped through it to help me fall asleep.

But as I watched, cold sweat kept pouring out of my back!

Immediately afterwards, Li Dachun took out the newspaper that he never usually read and started flipping through it over and over again.

Immediately afterwards...

He flipped to a newspaper from December 2003, where the Chinese government harshly criticized and scrutinized the chaos in the coal mining industry.

He saw in the data that the publicly reported number of deaths and injuries in China's coal mining industry in 2003 exceeded 5000. The publicly reported number was 5000, but as someone who worked in the coal mining industry, he knew very well that 5000 was just the tip of the iceberg...

In the newspaper, he also saw a report titled "Decision on Further Strengthening Coal Mine Safety Production Work," which was under review.

The report mainly proposed closing down small coal mines, banning and cracking down on small and unlicensed coal mines, and consolidating the coal mining industry. It also projected the closure of 1.2 illegal small coal mines in 2004…

After reading through a series of newspapers, he took a deep breath.

The coal mining industry was booming in 2003.

In early 2004, the coal mining industry continued its strong upward trend, and countless young people eager to start their own businesses were still frantically crowding into it.

The entire industry is in an era of explosive growth, but the hotter the industry, the more hidden the crisis!

Although his coal mine has not had many accidents and has been quite lucky so far, with only injuries and no deaths, it is, in a sense, an illegally operated coal mining company.

Li Dachun recalled the repeated setbacks he encountered when applying for qualifications some time ago, especially the outrageous requirements for mining and safety qualifications, which were all based on the standards of large state-owned enterprises. He realized that small and medium-sized coal mining companies like his had no future!
Got it!
They've already transformed their business ahead of schedule!
After finishing his phone call with Zhou Yang, Li Dachun put down his newspaper and got out of bed.

While constantly reminding the safety officer to pay attention to production safety, he was also making arrangements for the coal mine's next steps and told the driver to prepare the car, as he was going to Yanjing to have a good talk with Zhou Yang.

I was tidying up until 5 a.m.

When getting ready to go out.

But they found cars parked one after another in front of the villa.

"Brother Li... I heard you're going to Yanjing?"

Immediately afterwards, three equally portly coal mine owners got out of the car, their faces beaming with ingratiating smiles.

"You bunch of bastards, you're like a piece of chewing gum, I can't shake you off no matter what I do! I'm going to Yanjing for some fun!"

Upon seeing these people, Li Dachun took a deep breath.

These coal mine owners were all from the same village as him. Ever since they made money from the coal mines with him, they've been shamelessly sticking around him.

They invest in whatever they invest in.

They just do whatever they do!
Especially after they invested in Zhou Yang's movie last time, which allowed them to make a little money as well!

They seemed to get even more excited, and at the slightest sign of trouble on their side, these guys would swarm over.

"Invite us in too, Brother Li! We promised each other we'd share the good times and the bad!"

"I'm going to discuss business, to discuss investments..."

“We can invest with you, Brother Li. We’re all relatives. If you have other ways to make money, could you help us out? We all want a safety net…”

"Investment involves risks!" Li Dachun took a deep breath, looking at the bunch of bastards who had gathered around, utterly speechless!

"It's alright, it's alright, we'll only invest a few thousand or so, not much. Brother Li, what kind of business have you got your eye on?"

"Let's talk about it when I get back..."

"No, Brother Li, we'll go with you!"

"..."

"Driver, driver, follow that car! Wherever it goes, we go! Hurry!"

"..."

....................................

2004 years.

1 month 14 day.

This was the most difficult day for Qinzhou Motors.

This day was payday at Qinzhou Auto.

However, Qinzhou Auto has been in arrears with its employees' wages for nearly three months.

The total amount owed in wages and equipment payments is close to ten million yuan. Despite Liu Fusheng's best efforts and desperate attempts to persuade his employees to believe in him and give him another chance...

However, the angry employees still surrounded the entire factory office and frantically pounded on the tables.

"Damn it! They have money to build new cars and production lines, but they don't pay us our wages?"

"Heartless boss!"

"Grass!"

"If you can't keep operating, just sell the equipment! Why bother with airplanes!"

"Yeah, damn it..."

"..."

The shareholders not only stood by indifferently, but also added fuel to the fire with sarcastic remarks.

Qinzhou Automobile's predecessor, Qinzhou Heavy Industry, was originally a state-owned enterprise.

However, later, a wave of exports surged in. Because the industry was too bloated, the higher-ups suggested that state-owned enterprises could be reformed to separate some of their business and alleviate the pressure on enterprises.

Therefore, under the leadership of relevant leaders, Qinzhou Heavy Industry began its privatization reform, and Qinzhou Automobile was born. The reform was successful, but it left many drawbacks. Apart from the employees, over 70% of the management team came from the new company. At the same time, in order to revitalize the market, the company also brought in some of Qinzhou Heavy Industry's veteran employees to purchase initial public offering (IPO) shares…

Originally, the plan was for everyone to make Qinzhou Automobile bigger and stronger after the millennium, and to wait for it to be listed on the stock market.

As a result, fierce market competition, a series of poor decision-making, a lack of R&D capabilities, and lawsuits with several other Alto manufacturers all contributed to Qinzhou Automobile's failure to go public. Instead, the company teetered on the brink of bankruptcy and was on the verge of collapse.
"Mr. Liu, the shareholders have already made their intentions very clear. They either want to transfer the car manufacturing license and find a way to get 2000 million RMB to pay the wages first, and then they'll split the rest, or they want us to find investors to buy back their shares at 200 million RMB per share..."

"Mr. Liu, at this point, nobody has any interest in this company anymore, and nobody's even interested in our new car. Everyone just wants to cash out and leave..."

"..."

in the office.

The assistant looked somewhat annoyed.

Liu Fusheng closed his eyes and sighed softly.

He felt an unprecedented sense of helplessness and loneliness. But when he tried to call Zhou Yang at that moment, he found that no one answered the phone!
He looked down at the company's shareholding structure.

The management team owns 75% of the shares, and of the remaining 25%, 15% belongs to Qinzhou Heavy Industry, 3% is held by the management team themselves, and the remaining 7% is held by other employees...

At an average price of 200 million per share, with 75 shares, it would cost approximately 1.5 million RMB.

[Qinzhou Auto] is in such a bad state now, it's a complete mess, the most valuable thing it has is its car manufacturing license!

1.5 billion!
Who will provide the funding?

Moreover, even if Mr. Zhang is very wealthy, he can't come up with 1.5 million right now!

More importantly, the vehicle manufacturing qualification is exclusively authorized to the Qinzhou Automobile factory by Qinzhou Automobile!

The 2000 million yuan can be transferred, but what's the use of transferring it? If you really want to obtain the qualifications and start producing cars, you need to acquire the entire [Qinzhou Automobile].

Even if they spend 1.5 million to acquire all the shares, the subsequent costs of manufacturing cars, production lines, new equipment, and wage payments will all amount to a huge sum of money...

The current operating situation of Qinzhou Automobile is so terrible!
Moreover, the competition in the overseas automotive market is fierce!

There is absolutely no future for domestically produced cars!
What kind of capital would be so stupid?
Let's have a meeting!

Sighed.

..............................

3 pm.

Qinzhou Auto held another meeting.

However, this meeting was filled with an apocalyptic atmosphere.

The oppressive atmosphere, like waves, came one after another.

No matter what Liu Fusheng says, these shareholders all have only one meaning.

That is, it's impossible to build new cars unless we find investors willing to take over.

Otherwise, they won't help with anything, they won't do anything, they'll just stay here and not leave, occupying the toilet without doing anything!
At this moment, Liu Fusheng was filled with despair.

He was determined to revitalize this factory!
But which of these shareholders has even glanced at the specifications of their new G1 car?
Who among them cares about the hype on the internet?

At this moment!

Liu Fusheng can't hold up the boat alone!
Just as he was about to announce the end of the meeting...

The phone rang.

He answered the phone!
Immediately afterwards...

"Mr. Zhou! You've arrived?"

"well!"

..............................

"Mr. Zhou, are you going to invest in this factory?"

"Mr. Li, I just came to check on things. Also, Mr. Xu, Mr. Deng, and Mr. Ding have been following us the whole time..."

"These bastards have been watching my ass the whole time... They do whatever I do. I suspect if I go eat shit, they'll eat shit too!"

"..."

Qinzhou Automobile.

After Zhou Yang walked through the gate, he saw several coal mine owners following behind him.

The coal mine owners looked excited, their eyes curiously surveying the entire Qinzhou Automobile factory, as if they were eager to go and dig for gold.

"Mr. Zhou, did you tell them that there are risks involved in investing?"

"I told you, but it's no use, nothing works..."

Zhou Yang's side is discussing this.

The coal mine owners over there were secretly watching and plotting amongst themselves.

"Whatever they bet, we'll bet the same amount..."

"Okay, Brother Deng, but Brother Deng, why does this factory look like it's about to go bankrupt..."

"You don't understand, do you? This is called venture capital. If we enter the market now, we can make the most money with the least amount of money. Remember, it's very important to follow the right people. We roughnecks don't need to use our brains. We just need to follow the smart people and go all in. Look at Mr. Zhou. He had nothing half a year ago and started from scratch. Now he's made so much money. I heard, I heard, that a shampoo seller has seen his sales increase several times over by following Mr. Zhou!"

"Okay, Brother Deng, I'm prepared to invest 1.5 million. Is that enough...?"

"It's always good to prepare more. Didn't you see what Li Dachun and President Zhou are talking about right now? I reckon they're planning something big..."

"Okay, then I'll have my secretary bring over some more money?"

"Prepare more, just in case!"

"it is good!"

"..."

(End of this chapter)