Chapter 369: Worries about embezzlement of state-owned assets

After Cui Hao arrived at Fan Heng's instructions, he rushed back to the factory and held a meeting of middle-level and above cadres to discuss the issue of debt-to-equity conversion.

He told everyone about the intention of the meeting in the province. Cui Hao expressed his opinion. "The situation is very serious now. It is impossible to rely on the province to allocate. Now, the province should not say 200 million. Even if it takes 20 million, it is difficult to get 20 million." "If we do debt-to-equity conversion, will we just be on the verge? In the past, it was |. Now, once we are in the shareholding system, wouldn't we work for capitalists?" Someone expressed his doubts.

Cui Hao glanced at the man and said calmly. "Either reform or introduce funds to carry out technological transformation. Even if the company cannot be re-created, it can at least take a cushion. If it is not reorganized, then we will wait and break. Anyway, we can't rely on it. They have greater trouble."

Everyone held cigarette butts and slept in the conference room for a whole afternoon. It didn't leave until after nine o'clock in the evening.

At this time, a large group of jobs were already gathering outside the conference room. When everyone came out, they asked about the content of the meeting. Can the factory make an allocation from the province?

Cui Hao stood at a high place, waved his hand and calmed down, and then said to everyone. "The factory is in trouble at the moment, but the province is also in trouble. It is difficult to directly allocate funds.

"Seeing that everyone was a little upset, we continued, "But Acting Governor Fan was very concerned about the situation of our factory. He proposed debt-to-equity conversion and contacted us with cooperative enterprises. It was limited to the insurance regulations. We are not convenient to disclose the details first. However, within half a month, there will be a result."

The person shouted below, "Factory Director, our monthly salary has not been paid yet."

"You didn't pay your salary. We are the same. We will hold on for a while. If we can't get the result for half a month, there is no need for you to say. I jumped out of the provincial government building and apologized for death!" Cui Hao cursed.

The factory manager said this, and everyone has no complaints. It is difficult to manage such a large factory. At present, domestic state-owned enterprises have a large decline in performance. It is not only Jiangnan Mao Factory.

After Cui Hao sent these employees, he ordered his secret. "Contact the Jiangnan Branch of Fan Investment Group immediately, and we will hurry up!"

Fan Wubing immediately arrived at his father Fan Heng's notice that the Jiangnan Wool Spinning Factory was going to discuss matters related to debt-to-equity conversion with him. So he immediately instructed the head of the Jiangnan Branch to take the initiative to contact the Jiangnan Wool Spinning Factory and start negotiations on debt-to-equity conversion today.

In fact, Cui Hao still has some resistance to debt-to-equity conversion because he believes that there is a problem of state-owned assets loss in debt-to-equity conversion. Moreover, he also feels a little about this investment group|.

Although Fan's Investment Group has a great influence in the business community across the country, its influence on relatively closed state-owned enterprises like Jiangnan Maochang is a bit weak.

The first thing that domestic enterprises are reorganized is not public. Reorganization is the ownership of employees within the enterprise. However, the enterprise itself belongs to the state. There is a possibility that the interests of the whole people are embezzled by some people. There is a saying that it is different | like the mountain. It is difficult for non-industry people to understand the internal specific situation of the industry. What's more, it is the internal situation of an enterprise. Outsiders have no way to know it. Therefore, the reorganization of many enterprises is not public and is an internal system. That is to say, only employees are allowed to hold shares, and not outsiders are allowed to hold shares. Therefore, the principle of openness, fairness and fairness has been abandoned, forming a situation where everyone joins to swallow state-owned assets and becomes a community of interests.

Unless the community of interests is broken by a certain part of people, it is not known to outsiders. You cannot imagine that Shanghai companies will publicly bid for Beijing's converted enterprise shares. Because it is difficult for them to understand the inside story of Beijing's converted enterprises. In this case, the loss of state-owned assets is inevitable.

Some people may say that there is a Governor's Commission? But the SASAC also needs to be under the jurisdiction of the parties. Even the regional system of the bank cannot stop the government's government's illegal loans from the banks. What's more, the SASAC?

Just look at the reports of the four major asset management companies selling non-performing assets to foreign institutions. There are many foreign corporate management models in China. Chinese people have also learned that these non-performing assets exist in physical form. Selling them to foreigners can revitalize them. Why can't Chinese people do it? Why can't Chinese people be sold? Instead, they have to be packaged and sold?

Many foreign financial institutions have privileged comprador agents in China. Even the national laws are despised. What's more, China's non-legal system? It is indeed very easy to divide state-owned assets in China. The person in charge of Fan's Investment Group in Jiangnan Province is Jiang Shengshui. He is also a professional manager recruited by Fan Wubing from the United States. He is still very good at playing capital games. After contacting Cui Hao and others, he talks for a day or two.

I had a clear understanding of the affairs of the wool mill in the South Province. Therefore, I asked for illness and reported to him.

"The most problem with Jiangnan wool mill is the funding problem, and the other is the management problem." Jiang Shengshui talked to Fan Wubing. If the provincial government can provide Jiangnan wool mill with more than 200 million yuan in funding, then at least Jiangnan wool mill will not be in such a difficult situation. If Jiangnan wool mill can reform internally, eliminate redundant staff, and change the current huge but unrealistic management mechanism. Then the cost can be saved by about 30% of the funds. It is not difficult to turn around."

After listening to Jiang Shengshui's words, Fan Wubing felt a little clear-headed. "There is another important thing. Is the Jiangnan Wool Spinning Factory really having a few new technologies they mentioned?"

"I have seen the sample. Whether in terms of quality or success, it is the first international balance. In addition, the low labor costs in China are not worth it." Jiang Shengshui replied with great certainty.

The biggest problem of Jiangnan Wool Mills is actually that the company has too much burden.

Large state-owned enterprises are generally all. In order to provide employees with convenient welfare benefits, enterprises like Jiangnan Wool Mill have to bear all the expenses of various welfare institutions such as schools and hospitals run by the enterprises. These expenses are not visible at the time, but when the enterprise encounters difficulties, it becomes overwhelmed.

Jiang Shengshui pointed to the materials he collected and said to Fan Wubing. "If these problems are not solved, it is difficult to say about Jiangnan Mao Factory."

Fan Wubing took a rough look at the medical expenses and immediately said in surprise. "So much!"

Running a hospital for less than 300 medical staff. The annual expenditure has exceeded 10 million yuan?! This really shocked Fan Wubing. Could it be that the people in the Mao Factory in Jiangnan are sick all day long?

"Last year, I only purchased new medical equipment. I spent more than 5 million yuan. The factory was in financial difficulties. This made people wonder what the purpose was?" Jiang Shengshui pointed out.

After seeing a visit, Fan Wubing said self-deprecatingly. "Haha. It seems that a hospital should be separated first."

"It is naturally easy to separate the hospital. But if the school is a non-profit institution, it will be more difficult." Jiang Shui said to Fan Wubing. "It is not impossible to force separation. But it can easily cause a rebound. The emotions of employees also need to be fully considered."

"I don't recommend separating the school. You can consider increasing investment appropriately so that the employees have no worries." Fan Wubing came from the company's children. However, he knew that dual-working families basically had no time to regulate their children. The importance of the school was particularly prominent. If they did not take good care of their backyard, everyone's enthusiasm for work would be severely hit.

Another thing is very clear. The school’s investment is relatively fixed. I don’t want the hospital to be so ignorant. There are fewer tricks.

"By the way. How much debt does their factory owe in total?" Fan Wubing thought about this and asked.

Jiang Shengshui replied, "Not more than four |"

Fan Wubing frowned and said, "So! Then how could they solve the problem with 200 million?"

"What they mean is that 200 million yuan can complete the technical transformation project, and then spend two to three years to repay the debt. Try to turn losses into profits within five years. Many of the debts are from the bank. It's not that they are in a hurry." Jiang Shengshui explained. "Has the agreed equity ratio come out?" Fan Wubing asked.

"Well. Their appetite is very big. 600 million yuan is exchanged for 50% of the equity." Jiang Shengshui said.

"Isn't this appetite a big one?" Fan Wu asked in surprise.

How much is their broken factory worth? Fan Wubing thought that the equipment of the wool mill is definitely not worth much. As for human resources or can be included in it, this is considered part of the cost. But it is not so outrageous, right? Not only did he pay off their debts, he also had to invest 200 million to carry out technical reforms. He only obtained half of the equity. It was really unbalanced.

Jiang Shengshui replied, "Some fixed assets are still considerable. The textile factory occupies a large area. Moreover, the factory buildings are some industries near the newly built factory five years ago. The complexities are added up. It is really small. If it is properly developed and utilized, it will still be very profitable."

Fan Wubing nodded and said, "Okay. I only mention a little bit. The price remains unchanged by 51% of the equity."
Chapter completed!