As a large factory with assets of over RMB 10 million, Xingwang Sweater Factory has gained quite a reputation in the industry in the past two years.
Among them, the most famous one is probably Cai Zhiping, the general manager of Xingwang Sweater Factory.
In 1988, Cai Zhiping served as the general manager of Southwest Hongqi Shopping Mall. He managed the huge Hongqi Shopping Mall in an orderly manner and earned a high salary of one thousand yuan per month. Cai Zhiping's life was truly enviable.
And Cai Zhiping also had hesitations, whether to live a stable and stable life like this, or to take advantage of the great wave of reform and opening up to take a chance on the sea.
In the end, he chose the latter.
Cai Zhiping took his wife and all his family savings to Shanghai and contracted a sweater factory specializing in the production of rabbit sweaters.
Rabbit sweaters are a project that Cai Zhiping is very optimistic about.
But he never expected that it only took a year. Since it was his first time making rabbit sweaters, Cai Zhiping had great ambitions and vision, but he really had no experience.
As a result, in just one year, he not only lost all his capital, but also incurred a debt of 700,000.
When he was at his most depressed, Cai Zhiping even emptied his family property in order to pay wages to his workers. He and his wife ended up with less than ten yuan in total. In the end, they lost all their money and could only end up in disgrace, and returned to their hometown in embarrassment.
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However, Cai Zhiping is not a person who gives up easily. The failure of the sweater factory made Cai Zhiping more clearly aware of his shortcomings, and also made him understand that his only future path was to start a business.
So, after borrowing money from relatives and friends, Cai Zhiping returned to the Shanghai stock market with less than 400,000 yuan.
This time, based on previous experience, the first batch of products produced by his sweater factory were widely praised in the market.
In just one year, Cai Zhiping paid off all foreign debts and made a profit of two million.
However, now, as the sweater factory is getting bigger and bigger, Cai Zhiping is no longer satisfied with this.
The Huaxia Textile City in neighboring Zhejiang Province is booming, and Cai Zhiping is obviously interested in it.
Especially when the Shanghai State-owned Assets Supervision and Administration Bureau announced the external bidding for the textile market project, Cai Zhiping knew that his opportunity had come.
He inquired through various channels and finally got a credible number.
Sixty percent of the shares, 45 million!
This is the external psychological price of the State-owned Assets Supervision and Administration Bureau.
The light textile market will be located on Cao'an Road. Although it is still a bit remote at the moment, this does not prevent Cai Zhiping from being optimistic about the light textile market project.
The only difficulty is funding.
The State-owned Assets Supervision and Administration Bureau provided the land and accounted for 40% of the shares, and the remaining 60% of the shares were subject to external bidding. However, the high price of 45 million has dissuaded many interested people.
Cai Zhiping estimated his own funds and found that he could contribute up to 25 million, and the remaining 20 million would have to be found elsewhere.
Therefore, Cai Zhiping held a shareholders' meeting in the factory early in the morning and summoned ten shareholders in the factory to discuss the matter.
In the huge conference room.
At this moment, only Cai Zhiping's voice was heard.
"Everyone, this project opportunity in the textile market is rare, and I really don't want to give up."
Facing the crowd, Cai Zhiping expressed his attitude straight to the point.
"Mr. Cai, I heard that the price demanded by the superiors in the textile market is quite high. I think you'd better give this matter a little more thought."
"That's right, our sweater factory is doing a good job. Aren't you looking for trouble by going to such a useless textile market?"
"I heard that the textile market is on Cao'an Road. The place is so deserted that it doesn't even have a bus station. How can a textile market be opened in a place like that?"
In the conference room, as soon as Cai Zhiping finished speaking, there were many objections to the business.
Obviously, everyone also knows about the tendering in the textile market.
However, unlike Cai Zhiping's attitude, everyone was rather dismissive of the textile market.
The reason why the Huaxia Textile City in Zhejiang Province is so successful is because it is a public transportation industry after all, and the authorities in Zhejiang Province spare no effort to support it.
As for the textile market that the Shanghai Stock Exchange is going to develop this time, it plans to sell the majority of the shares to private individuals. The State-owned Assets Supervision and Administration Bureau only intends to invest in the land, and obviously has no intention of vigorously supporting it.
At this time, after hearing what everyone said, Cai Zhiping's face looked a little ugly.
"There is currently no light textile market in Shanghai. If we win this project, we will definitely be able to make money in the future. Moreover, even if there is no support from the top, we can at least spend some money to build transportation and other supporting infrastructure."
Cai Zhiping glanced at the people in front of him, and then said: "Believe me, all the early investment is worth it. As long as we win the textile market, the money from renting out the stalls will be enough for us to make back our capital in the future."
It is obvious that Cai Zhiping is very optimistic about the textile market project.
However, the shareholders present did not know how much they believed his words.
"Mr. Cai, it's not that we don't believe you, it's just that this project requires a lot of funds, and we are all short of money."
"Mr. Cai, please tell me clearly, how much money do we need to raise?"
At the conference table, everyone saw Cai Zhiping's firm attitude, but it was hard to refuse, so they had to ask tentatively.
After all, the sweater factory is today almost entirely because of Cai Zhiping. They started their business with Cai Zhiping. Now that Cai Zhiping wants something, they have to give him a little favor.
Feeling the eyes of everyone, Cai Zhiping stretched out his hand and raised two fingers.
"Two million?"
Someone muttered.
Cai Zhiping shook his head and said solemnly: "Twenty million!"
"I found out that the minimum bidding requirement of the State-owned Assets Supervision and Administration Bureau is 45 million, and I can only contribute 25 million. I hope you can join a joint venture with me for the remaining 20 million."
During the venue, when Cai Zhiping said these words, everyone present took a breath of air.
Twenty million!
With their ten shareholders, wouldn’t that mean they have exactly two million each?
This amount is naturally a lot. Even though they have shared a lot of money with Cai Zhiping over the years, it is not so easy to come up with two million in cash at once.
But if they offend Cai Zhiping for the two million, everyone would be somewhat reluctant.
"Mr. Cai, we can't come up with so much money right now. Otherwise, as I say, we will postpone it for a few more days. Even if it is to raise funds, we have to wait for us to raise funds first."
In the conference room, just when everyone was in trouble, someone suddenly made a suggestion.
As soon as these words came out, everyone around him immediately echoed.
"That's right, Mr. Cai...this large project worth tens of millions is no small matter. I think we'd better do a risk assessment and hold two meetings to discuss it."
Several shareholders spoke one after another, and everyone obviously wanted to use drag tactics against Cai Zhiping.
At this time, seeing everyone's attitude, Cai Zhiping knew that this matter would not be done today, so he had no choice but to nod in agreement.