Zhou Qingfeng is serious about acquiring the non-performing assets of state-owned enterprises. Tianyang City hadn't reacted much to this incident, but when it was learned that Zhou Dakai would use foreign exchange to discount purchases, the political and banking circles immediately became excited.
Because domestic industries require technology and equipment to be upgraded, in the 1990s and the beginning of the new century, the government worked hard to engage in a wave of selling state-owned enterprises for foreign exchange.
It cannot be said that this decision was completely wrong. At that time, although the domestic industry was complete, it was backward as a whole, and lacked capital and technology. Without innovation, it would not be able to keep up with the people's needs for social life.
There have been many incidents in this wave. Such as'Jianlibao'.
In 1997, the sales of'Jianlibao' exceeded the 5 billion mark, and it was sold nationwide and became famous. But in the same year, the local government stopped the plan of'Jianlibao' to be listed in HK.
After that, the "Jianlibao" incident was full of ups and downs, and it was full of sadness. A good national brand was smashed alive. In addition, the domestic daily chemical industry is basically controlled by foreign capital, and the home appliance industry has almost collapsed.
However,'Jianlibao' itself also has a bashful operation. In order to advertise, they rewarded the domestic champion of the 1992 Barcelona Olympics with 200 grams of gold cans.
At that time, this kind of marketing was very popular among Chinese people.
But after nearly two decades, people discovered that the gold cans were all aluminum cans painted with yellow paint.
There is no gold at all, so shameless.
There were too many such broken facts back then, and there was no business and no evil in a proper way.
Back to the sale of state-owned enterprises, all of this is to attract investment and foreign exchange.
When Zhou Qingfeng formally contacted the Tianyang City Government and proposed to purchase the non-performing assets mortgaged by the city's state-owned enterprises to the bank, the brains of the city almost thought that this great hero had a brain problem
There is definitely something wrong!
No problem, why would you want to buy a bunch of garbage with real money
The state-owned enterprises in the city have both declined in production and sales, a lot of scandals. In order to feed a large amount of waste, the company has to borrow from the bank to maintain it. If you want to mortgage a loan, you can only mortgage everything that is on the company's books.
Equipment, factories, and land are just these things.
Banks are unwilling to lend to such bad debts that make it clear that they will not be able to recover their capital. However, the executive order is suppressed, and it is not enough. Now there is a man who is willing to spend money to buy it.
As long as the God of Fortune is happy, you can post the sisters of the whole bank.
In the beginning, the city leaders were more careful and asked the ICBC to contact the "Holy Light". Zhou Qingfeng came forward in the name of his own HK company and, incidentally, helped the city complete the task of attracting foreign investment.
For the first time, it is always dry and painful. Both sides are uncomfortable.
The first non-performing asset given by ICBC was the site of the city’s match factory. This is a small factory with only two acres of land. Although it has a long history but poor management, the match factory could not pay wages a few years ago.
When ICBC asked two million Hong Kong dollars to transfer this asset. Professor Zheng, who participated in the negotiation, became angry and slapped the table directly and cursed, "Such a broken factory costs two million Hong Kong dollars. You might as well go grab it."
Zhou Qingfeng felt that although the sun was backward, the two-acre commercial land in the city center was worth a bit of money. Two million is not too expensive.
Professor Zheng shouted angrily, and the person at the opposite bank seemed to be self-conscious and lost his temper. They took out another asset, "Next to the Match Factory is the warehouse of the Municipal Local Products Company, with a total of 0.7 hectares. If you buy one piece..."
Lin Wan added in a cold face, "Ten million Hong Kong dollars, transfer all the facades of the local specialty products company to us, and make up one hectare."
The vice president of the ICBC team was very embarrassed, but he did not refuse, only that he wanted to go back to ask the leader for instructions. This attitude greatly encouraged Zhou Qingfeng and they turned to take the initiative to speak.
"If the first phase of cooperation goes smoothly, then the entire mortgage assets of the municipal machinery factory and battery factory will be packaged as the second phase of the goal. We can pay 100 million Hong Kong dollars." Lin Wan said this is the lion.
The city machinery factory has more than ten hectares of land and is an old factory in the founding period. Before Tianyang City was established, Tianyang Machinery Factory existed.
The equipment of the machinery factory is outdated and the products are outdated. Triangular debt has exhausted the working capital in the factory, and now it has been reduced to the extent of relying on bank loans to continue life.
If selling a match factory and a local product company is only a trivial matter, then selling the machinery factory is a big move that will cause great trouble.
"No, no, no, this is definitely not possible." The vice president of ICBC shook his head directly. It's not that the city doesn't want to sell, but the political influence is too great. Now is not the chaotic late nineties, no one dares to carry this pot.
Lin Wan was greatly disappointed and turned to look for other fats. "How about the city steel plant?"
There is a small steel plant in Tianyang City, which relies on scrap iron and steel as raw materials for smelting and short-stroke electric furnace steelmaking. The name of the "steel factory" is very big. In fact, the factory only has a smelting workshop and a profile workshop each, with about a hundred employees.
Half of the employees are retired cadres who just take money and don't work, or waste departments such as labor unions that can only do miscellaneous tasks without creating any value.
The vice president of ICBC wrinkled his brows into the shape of Sichuan, "How much are you willing to pay?"
"Five million Hong Kong dollars." Zhou Qingfeng said.
"Too little." The vice president shook his head again.
"We can take over half of the steel plant employees." Zhou Qingfeng said again.
The benefits of the city's steel plants are pretty good, at least the steel is in short supply now, paying more than 100,000 yuan in profits and taxes a month. Compared with other dying state-owned enterprises, they counted quite well.
Five million is indeed too little, the vice president still shook his head. The city just wants to get rid of the burden, but doesn't want to sell the hens that can place an order.
"If the steel plant is sold to us, the profits and taxes of this plant will be settled in Hong Kong dollars in the future," said Zhou Qingfeng.
Ok... ... ? !
This is very interesting.
The deputy governor smiled a little on his face.
Zhou Qingfeng further said: "By the way, I also sold the city's daily chemical factory and electronics factory for 20 million Hong Kong dollars. In the future, my profits and taxes in Tianyang can be settled in foreign currency."
'Holy Light' does not lack foreign exchange, and even more foreign exchange on hand than soft sister currency. Zhou Qingfeng hopes to buy several companies related to him. He needs a group of people who can use it immediately, and the land of these factories is actually quite valuable.
The first negotiation lasted less than an hour, and the two parties only discussed and exchanged views on topics of interest to each other. After the ICBC staff confirmed Zhou Qingfeng's intentions and price, they quickly returned to report to the leadership.
To be honest, although the several factories that Zhou Qingfeng is interested in are terrible, they are super cheap to buy for 30 million yuan, which is a discount. If it were not for the use of foreign exchange purchases, the market would never agree.
But the brains of the city heard that Zhou Dakai wanted to spend 100 million Hong Kong dollars to buy a machinery factory in the market, which turned out to be a heartbeat. The value of the city machinery factory is certainly more than 100 million Hong Kong dollars, but its debt to the bank is more than 100 million.
There are meetings in the city, notifications to superiors, and approvals, and the entire process is unknown. But the city government is like a sieve. There are too many'informed' people.
The whole city knew that Zhou Dakaizi had started the mode of spending money and throwing coins before he even had a word about the purchase of state-owned enterprises. For a time, the wind is surging, and gossip is everywhere!