The people sitting in the conference room were all executives of Aixu Group. They were either deputy general managers or factory directors. These people were all veterans who accompanied the company's growth. They knew that the company was rich and sales were placed here for decades. However, the company's front line was also very long, especially the huge investment in Aixu Plaza occupied a large amount of Wang Lin's funds.

Can Wang Lin still pay for money to acquire Shenfang Group?

Zhou Boqiang said: "Shenfang Group has more than 200 companies of all sizes, and around each large company, there are more than a dozen or even dozens of small factories surrounding her."

He was reminding Wang Lin that this matter was not simple.

Wang Lin nodded slowly and said, "Before discussing how much money we have, let's take a look at the current situation of Shenfang Group. We are all textile people, and most of them have come from the textile industry. Now we are also engaged in the textile industry. When it comes to Shenfang Group, we are all familiar with Shenfang Group. As early as a hundred years ago, Shenfang Group had already salivated. Shencheng was once the most fashionable city in our country. We have been wearing this beautiful hat and spanning two centuries. But now, can we still deserve it? Is Shenfang still the gold-like Shencheng textile era?"

"Along the Gusu River, today we can still notice several thick and spacious old warehouses, which were once the oldest textile factory in Shanghai that began to roar in the 1930s. At that time, outsiders came to Shencheng and always had to buy a few clothes to take them back. For outsiders, whether it was a phoenix cheongsam or a conch shirt, all clothes brought by Shencheng meant fashion and high quality. Shencheng had the best tailor masters, and at that time, they were talking about designs from time to time, but when a piece of clothing was hung, people with particular responsibilities could point out that this was a product in Shencheng."

Wang Lin talked freely and talked about the past and present life of Shenfang Group.

Like Zhou Boqiang and others, he was full of love and affection for the textile industry and Shenfang Factory.

Wang Lin understands Shenfang Factory just like knowing his Aixu Group.

"The textile industry in Shanghai has been advancing from the Westernization Movement. In those different eras, it has always been a pillar industry of the city. But now, the halo of the textile industry has begun to be slowly removed. I believe everyone knows that the current textile industry in Shanghai has entered a serious bottleneck period. The once brilliant and advanced machines and technologies have become outdated and backward. Capital investment cannot be recovered, and even an insurmountable vicious cycle: enterprises are losing money, then additional investment, but losses are again!"

"The huge number of textile workers, and more retired workers' wages and benefits are borne by the factory themselves, and the factories are overwhelmed. The current situation is: the textile industry has a serious surplus of labor, and the workers are satisfied with the comfortable life under the planned economy and become a little unprofitable. The term "iron rice bowl" is enough to prove people's backward ideas. Coupled with the loopholes in funds and the lack of talents, these state-owned enterprises that lag behind in reforms have suffered losses for years and cannot continue to operate."

Wang Lin picked up the cup, took a sip of tea, and said slowly: "I know a factory director of Cotton Fencing No. 9 Factory. This is a lesbian. After 10 years of going to the countryside, she returned to the city in 1979 and then entered Cotton Fencing No. 9 Factory to work. When it was extremely brilliant, she went from a worker to a team leader and became a factory director step by step. I talked to her for a long time, and I still remember the things and words she had with me."

"She told me that it is difficult to open a factory and it is even more difficult to close a factory because she has to be responsible to thousands of workers. She told me that if the factory does not renovate, it is waiting for death, and if the transformation is to seek death!"

Zhou Boqiang and others showed helpless and bitter smiles.

Others may not know the bitterness of these two sentences, but Zhou Boqiang himself has a deep understanding.

Wang Lin said: "She also told me something that I was very impressed. There was a worker who had closed her factory and still went to the factory to report every day. She said that I was a factory man in my life, and I was a ghost in my factory when I died. When the factory was closed, she moved a small stool and sat at the entrance of the factory."

Zhou Boqiang and others did not laugh, but looked sad.

Because they are all from factories, for them, the factory is not only a part of their job, but also a big family. They can understand the idea of ​​the female worker.

After leaving the factory, it is difficult for these female textile workers who do not have very high education and have no survival skills to find a new way out.

The reform of Shenfang Group is a requirement of the times and is also imperative.

The glory of the textile industry once allowed it to occupy most of the land in Shencheng District. The textile factory occupied a large area, but the value brought by unit land was very small. The river pollution caused by textile industry production was also very serious. In order to protect the environment, the city stipulated that factories would no longer be built within the inner ring line, and ordered the rectification of the severely polluted Gusu River. Textile factories that were once densely packed on the Gusu River must withdraw. Lujiazui, Zhaojiabang Road and other prosperous business districts in the past were textile factories and warehouses.

In addition, the domestic textile industry began to face pressure from the international market. The labor-intensive textile industry obviously did not have an advantage in this competition. After the initial failure of additional investment, the textile industry began to reduce employees, stop production, and then sell land, and finally close the factory and close down.

Urban reform requires wearing new clothes and a beautiful environment that suits the international city. High-rise buildings and bustling business districts all require land. Most textile factories can only be closed, stopped, and transferred.

Most of the workers in the textile mill are from the third class, junior high school and high school students, who are replaced by those who come back to Shanghai, and those who come from the farm. For them, they have no food to eat.

Therefore, the reform of the textile industry is a major issue.

Zhou Boqiang asked Wang Lin if he had so much money to acquire Shenfang Group.

Wang Lin was not in a hurry to answer, but first talked about the current situation of the Shenfang industry.

Everyone understands this fact: Shenfang Group has encountered difficulties and must make major reforms!

After Wang Lin finished all this, he said: "How much money do I have? Or how much money does Aixu Group have? Do we have enough funds to acquire Shenfang Group? I think this is not a problem. Because we are not completely acquiring Shenfang Group, and of course we are not injecting capital. No matter how much investment is, Shenfang Group is still a bottomless pit."

Zhou Boqiang asked, "Then what do you mean?"

Wang Lin said: "Shenfang Group is still a state-owned asset. We do not use money to acquire it! Instead, we adopt the one plus one equals two model to manage Shenfang Group."

There was a commotion in the conference room and everyone was talking.

Obviously, everyone doesn’t understand the idea or model that Wang Lin put forward.

Wang Lin said: "The normal acquisition behavior is that 0.5 plus 0.5 equals 1. That is to say, one company acquires another company and combines it into a new company."

Everyone nodded to express their understanding.

A company acquires another company, but it just turns into a new company. The two are combined into one.

Wang Lin said: "The model I proposed is different from normal acquisitions. It can be understood as enterprise custody, or enterprise custody."

In the early nineties, corporate hosting was a completely new concept.

Of course, Zhou Boqiang and others couldn't understand.

Wang Lin patiently explained to them.

Enterprise custody refers to the owner of the enterprise's assets entrusting the operating rights and disposal rights of the entire or part of the enterprise's assets to other legal persons or individuals for management within certain conditions and periods in the form of a contract, thereby forming a mutual benefit and restrictive relationship between the owner, trustee, operator and producer.

The so-called trusteeship, as the name implies, is the meaning of entrusted management. Specifically, it refers to a business method in which the enterprise owner uses the business management rights of the enterprise from a legal person or natural person who has strong business management capabilities and can bear corresponding business risks to operate for a fee, so as to clarify the relationship between the responsibilities and rights of the enterprise owner, operator, and producer.

Valley belly

In other words, through the form of contract, the trustee conditionally accepts the assets of the management and operation party in order to effectively realize the preservation and appreciation of the assets.

Enterprise custody can achieve the separation of ownership and operating rights.

Specifically in the cases of Aixu Group and Shenfang Group, if Aixu Group entrusted Shenfang Group, then the ownership of Shenfang Group's assets will still belong to Shencheng State-owned Assets, and there will be no change.

But Aixu Group has the right to operate Shenfang Group!

Today's Shenfang Group is not suitable to promote corporate bankruptcy, acquisition, and merger on a large scale.

Moreover, the current social security system is not perfect, so Wang Lin cannot be the sucker. He will buy all the losses in the company. Isn’t that the burden of state-owned enterprises being carried on himself?

If Wang Lin really does this, no matter how much money he earns, he will not be able to fill in this pit.

He proposed the strategy of enterprise custody, but without changing the original ownership of the property, it can directly reorganize and flow elements such as enterprise assets to achieve the three major purposes of optimizing resource allocation, broadening foreign investment introduction channels and asset appreciation, thereby achieving effective and reasonable economic returns of the overall value of enterprise assets.

The method proposed by Wang Lin can not only solve the operating crisis faced by Shenfang Group, but also solve the situation of Aixu Group's own insufficient funds, but also achieve the goal he wants.

After Shenfang Group was entrusted by Aixu Group, Wang Lin had the right to operate and manage the two group companies.

As long as he can ensure that the assets of state-owned enterprises do not depreciate and that the assets are stable and rising, he can act with all his power and act with cheapness.

As for whether Wang Lin wants to acquire Shenfang Group in full in the future, or whether the city will transfer Shenfang Group to Aixu Group as a member, that is what to consider in the future.

At least, under the current situation, Wang Lin feels that corporate trusteeship is the best way out for Shenfang Group.

In the early 1990s, my country's social security system had not been established, and social security and provident fund and other welfare security systems that all people participated in had not been introduced.

The benefits and retirement guarantees of 550,000 workers in Shenfang Group are something that Wang Lin cannot afford.

Before the social security system is improved, Wang Lin could only do this, that is, to manage Shenfang Group on his behalf.

After Wang Lin's careful analysis and careful explanation, Zhou Boqiang and others finally understood what Wang Lin called custody was.

Wang Lin said: "Do you have any different opinions on this? Director Zhou, do you think my ideas are feasible?"

Zhou Boqiang's deputy director of the Textile Bureau, his opinions are very important to Wang Lin.

If the city does not agree to the custody, then Wang Lin’s plan will have to be ruined.

He could only complete the acquisition and management of Shenfang Group step by step.

Zhou Boqiang frowned and fell into deep thought.

He had a cigarette in his hand, but he hadn't taken a sip for a long time.

Widths of blue smoke rose up.

Zhou Boqiang smoked without a filter. The cigarette burned to the end and burned his fingers. He was startled and quickly threw the cigarette butt into the ashtray on the table.

"Cough!" Zhou Boqiang coughed lightly, "The corporate hosting proposed by Mr. Wang is a brand new concept for me. Before that, I really haven't heard of any corporate hosting. Based on my personal understanding, I think corporate hosting is scientific and feasible."

Wang Lin smiled with relief and thought to himself that although Zhou Boqiang is older, his understanding of the company and his feelings for the factory are far beyond ordinary people.

"What about the other bosses? What are your opinions?" Wang Lin glanced at the audience.

Deng Dabao smiled and said, "I have no objection. As long as the city can agree, it will do it. We have hundreds of factories in vain. Management and sales will probably become a big problem, right?"

Zhang Han said: "Yes, Mr. Wang, even if the city can agree to our management of Shenfang Group, how should we manage it? Can hundreds of factory managers of all sizes be under our command?"

Zhou Xia said: "Hundreds of thousands of textile workers, is this personnel management also under our control? Also, do we also need to manage the lives of retired employees?"

Ma Hongcai said: "There are more problems involved than acquisitions, right? After the acquisition, the company is our own, and we can do whatever we want. But if the custody is still the company of someone else. If we manage it harshly, it will cause a rebound. I am afraid it will be difficult to coordinate this matter?"

Zhou Zhu said: "I think this is a good thing. This is the best way out for Shenfang Group at present! They have no choice. The city will definitely agree with Wang Lin's proposal. As for management, since it is custody, those factory directors and employees must obey our orders! If there are those who do not follow, we have the right to deal with it! Excited, demoted, and transferred, there are many methods! Now it is a market economy, who is still abusing them!"

Wang Lin smiled slightly, Zhou Zu and his attitude were consistent.

He appointed Zhou Zhu as the vice president of Aixu Group and served as an important position in the marketing department. He also asked her to be responsible for managing Shenfang Group because of Zhou Zhu's personality and attitude, he could manage this business well!

Wang Lin said: "It seems that everyone is still positive about the matter of trusteeship of Shenfang Group. If this is the case, let's first explore the reality of the city. If the city agrees, we will do it!"

He pondered slightly and said, "What we are rushing to do is not a transaction. Although we have proposed this matter actively, we cannot take the initiative to negotiate with the city. Instead, the city should take the initiative to ask us to manage the Shenfang Group! In this way, we can become more proactive."

Everyone nodded and said yes.

Wang Lin said to Zhou Boqiang: "Director Zhou, go and talk to the leaders, blow the wind, mention the concept of enterprise custody, and then listen to the attitude of the city, and then we will decide on the next action plan."

Zhou Boqiang's eyes were shining. He felt that Wang Lin's method of playing with power was really mature! Amazing!
Chapter completed!