Zhou Qingfeng was serious about acquiring non-performing assets of state-owned enterprises. Tianyang City initially had little reaction to this matter, but when they learned that Zhou Dakaizi was going to use foreign exchange to purchase the assets at a discount, the political and banking circles immediately became excited.
Because domestic industry needs technology and equipment to be upgraded, in the 1990s and the beginning of the new century, the government worked very hard to engage in a wave of selling state-owned enterprises for foreign exchange.
It cannot be said that this decision was completely wrong. Because at that time, although the domestic industry was complete, it was overall backward. It lacked funds and technology. Without innovation, it could not keep up with the people's needs for social life.
There are many bad things in this trend, such as ‘Jianlibao’.
In 1997, the sales of "Jianlibao" exceeded the 5 billion mark, and it was sold nationwide and became extremely famous. However, in the same year, the plan of "Jianlibao" to be listed in Hong Kong was blocked by the local government.
Since then, the "Jianlibao" incident has been full of twists and turns, which is full of sadness. A good national brand has been ruined. In addition, the domestic daily chemical industry is basically controlled by foreign capital, and the home appliance industry is also almost destroyed.
However, 'Jianlibao' itself also has some shameful tricks. In order to advertise, they rewarded the domestic champion of the 1992 Barcelona Olympics with a 200-gram gold can.
At that time, this kind of marketing was very popular among the Chinese people.
But nearly twenty years later, people discovered that the gold cans back then were all aluminum cans painted yellow.
There is no gold at all, so shameless.
There were too many such false facts back then, and they were completely unscrupulous.
When it comes to selling state-owned enterprises, all this is to attract investment and foreign exchange.
When Zhou Qingfeng formally contacted the Tianyang Municipal Government and proposed to purchase the non-performing assets mortgaged by the city's state-owned enterprises to the banks, the city's leaders almost thought that this big boss had something wrong with his brain?
Something is definitely wrong!
Why would you want to use real money to buy a bunch of junk when nothing goes wrong?
The production and sales of state-owned enterprises in the city are declining, and there are a lot of scandals. In order to support the large amount of waste, the enterprises have to borrow money from banks. The loans must be mortgaged, so everything on the company's books can only be mortgaged.
Equipment, factories, land, that's all.
Banks are unwilling to lend money to such bad debts that are obviously irrecoverable. But no matter how administrative orders are suppressed, it is impossible not to lend money. Now that there is a banker who is willing to spend money to buy it, the bank wants to take off his pants and sell them to
Zhou Qingfeng.
As long as the God of Wealth is happy, he can tip all the girls in the bank.
At first, the city leaders were cautious and asked ICBC to contact the Holy Light. Zhou Qingfeng came forward in the name of his HK company and also helped the city complete the foreign investment recruitment task.
The first time, it will always be dry and painful. It will be uncomfortable for both parties.
The first non-performing asset given by ICBC was the factory land of a match factory in the city. This is a very small factory with only two acres of land. Although it has a long history, it is not well managed. The match factory stopped paying wages a few years ago.
When ICBC asked for two million Hong Kong dollars to transfer this asset, Professor Zheng, who participated in the negotiation, became angry and directly slammed the table and cursed, "Such a broken factory costs two million Hong Kong dollars, you might as well go and rob it."
Zhou Qingfeng felt that although Tianyang was lagging behind, the two acres of commercial land in the city center was still worth money. Two million was not expensive.
Professor Zheng cursed angrily, and the people at the bank opposite seemed to realize that they were in the wrong and lost their temper. They took out another asset and said, "Next to the match factory is the warehouse of the Municipal Souvenir Company, with a total of 0.7 hectares. If you want to buy it together.
..."
Lin Wan Lengmian added, "Ten million Hong Kong dollars, transfer all the street frontage of the local specialty company to us, and we can make up one hectare."
The vice president of ICBC who led the team was very embarrassed, but he did not refuse. He only said that he would go back and ask the leadership for instructions. This attitude greatly inspired Zhou Qingfeng and his party, and they took the initiative to speak.
"If the first phase of cooperation goes well, then the entire mortgage assets of the city's machinery factory and battery factory will be packaged as the goal of the second phase. We can offer 100 million Hong Kong dollars." Lin Wan said loudly.
The Municipal Machinery Factory covers more than ten hectares of land and is an old factory from the founding period of the People's Republic of China. The Tianyang Machinery Factory existed before Tianyang City was established.
The equipment of the machinery factory is old and the products are backward, which is getting worse year by year. The triangular debt has depleted the working capital of the factory, and now it has been reduced to relying on bank loans to survive.
If selling a match factory and a souvenir company is just a trivial matter, then selling a machinery factory is a big move that will cause big trouble.
"No, no, no, this is absolutely 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 1990s, no one dares to carry this
This pot.
Lin Wan was greatly disappointed and turned to other sources of fat, "How about the city steel factory?"
There is a small steel factory in Tianyang City, which relies on scrap steel as the smelting raw material and uses short-stroke electric furnaces to make steel. The name of the "steel factory" is very big, but in fact the factory only has one smelting workshop and one profile workshop, with about a hundred employees.
Half of the employees are retired cadres who only get paid and do no work, or waste departments such as labor unions that can only do odd jobs and cannot create any value.
The vice president of ICBC frowned and asked, "How much are you willing to pay?"
"Five million Hong Kong dollars." Zhou Qingfeng said.
"Too few." The vice president shook his head again.
"We can take over half of the steel plant employees." Zhou Qingfeng added.
The city's steel plant is doing pretty well, at least steel is in short supply right now, and they turn in profits and taxes of more than 100,000 yuan a month. Compared with other state-owned enterprises that are dying, they are doing pretty well.
Five million was indeed too little, and the vice president still shook his head. The city just wanted to get rid of the burden, but it didn't want to sell the hens it could place an order for.
"If the steel plant is sold to us, the profits and taxes of the plant will be settled in Hong Kong dollars in the future." Zhou Qingfeng said.
Um......?!
This is very interesting.
The vice president had a little smile on his face.
Zhou Qingfeng further said: "By the way, I also sold the city's daily chemical factory and electronic factory to me, and collected 20 million Hong Kong dollars. From now on, my profits and taxes in Tianyang can be settled in foreign exchange."
'Holy Light' has no shortage of foreign exchange, and the foreign exchange on hand is even more than the soft currency. Zhou Qingfeng hopes to buy several companies related to himself. He needs a group of personnel who can be used immediately, and the land of these factories
It's actually quite valuable.
The first negotiation lasted less than an hour. The two parties only discussed and exchanged opinions on topics of interest to each other. After ICBC personnel determined Zhou Qingfeng's intention and price, they quickly returned to report to the leadership.
To be honest, even though the factories Zhou Qingfeng was interested in were terrible, it was super cheap to buy them for 30 million yuan, which was a discount plus a discount. If they hadn't used foreign currency to buy them, the city would never have agreed.
But everyone in the city was excited when they heard that Zhou Dakaizi actually wanted to spend 100 million Hong Kong dollars to buy the City Machinery Factory. The City Machinery Factory was definitely worth more than 100 million Hong Kong dollars, but its debt to the bank was also more than 100 million.
The city has to hold meetings, report to superiors, and obtain approvals. The whole process takes who knows how long. But the city government is like a sieve, with too many "well-informed" people.
Before the purchase of a state-owned enterprise was even mentioned, the whole city knew that Zhou Dakaizi had started spending money and throwing away money again. Suddenly, there was a turmoil and gossip was everywhere!