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Chapter 24 Acquisition Failure

Li Yuhang had a good sleep, had a warm breakfast with Li Yuxin in the morning, and waited until after nine o'clock before heading to the city department store again.

Today is the tenth day of the twelfth lunar month and is also Friday. Li Yuhang hopes that there will be no accidents today and he will successfully sign an acquisition contract with the Municipal State-owned Assets Supervision and Administration Commission. In this way, he will carry out simple renovations in some parts of the department store and strive to be in some department stores during the Spring Festival.

s project.

The attitude of the senior management of the city department store toward him today was completely opposite to that of yesterday. When he first arrived, Zhang Dongmei, director of the office of the city department store, was already waiting here.

Seeing him and Li Yuxin arriving, they immediately greeted him with a smile and said politely: "Mr. Li, Miss Li, welcome to your arrival. Chief Wang Jianfei is already waiting for you in the conference room."

After arriving at the conference room, Li Yuhang saw that in addition to Wang Jianfei, there were also Wu Lingyan, deputy director of the Municipal Finance Bureau, and heads of branches of several major banks.

However, I didn't see Xiong Xiaolin, the general manager of the city department store here, and I didn't even see the three deputy general managers. I don't know what the situation was.

After several people greeted each other politely, Wang Jianfei said: "Mr. Li, today I am signing an acquisition agreement with you as the head of the Municipal State-owned Assets Supervision and Administration Commission and the general manager of the municipal department store. You can take a look at the contract first."

As soon as Li Yuhang heard it, he knew that there were quite a lot of stories in it. It seemed that Xiong Xiaolin, the former general manager of the city department store, was a bit dishonest and was directly dismissed from his position by the city's State-owned Assets Supervision and Administration Commission overnight.

The three deputy general managers who did not appear were probably removed from their positions in the city department store.

Li Yuhang carefully looked at the contract handed over by Wang Jianfei. Most of the terms were consistent with those communicated yesterday afternoon, but there were some terms that Li Yuhang still needed to change.

"Sir Wang, regarding employees, I can't guarantee that all of them will work in Jianan Company, let alone stay in their current positions. Jianan Supermarket focuses on ability. The more diligent you are, the more capable you are.

The salary will be higher, and our Jianan Supermarket will not support those people who are just messing around."

Li Yuhang will not accept all employees, and has also promised not to lay off employees within three years, and the positions of current department store employees will not be changed. His Jianan Supermarket Retail Company does not have the capital to support some idle people.

Wang Jianfei also knew that Li Yuhang would not accept this easily, but yesterday the deputy chief of the municipal government, Tang Jianming, had promised the employees that no employee would be laid off.

If possible, they naturally hope that Li Yuhang will take over all the city department store employees, so that the city government will reduce a lot of trouble.

Now that Li Yuhang has brought it up, he can only negotiate with Li Yuhang again and try his best to let Li Yuhang reduce the number of dismissals of city department store employees.

After some debate, the two parties determined a 10% quota. After Jianan Supermarket acquired the city department store, it could not fire more than 10% of the employees of the city department store. This refers to ordinary employees, including management, all employees

All managers must apply for new jobs, and Jianan Supermarket has no obligation to guarantee their jobs.

Li Yuhang then discussed some unreasonable terms with Wang Jianfei. After both parties made some concessions, a contract acceptable to both parties was finally born.

If all goes well, starting tomorrow, this department store will officially become an enterprise of Jianan Supermarket Retail Company, and this building will also become Jianan Shopping Center.

It's a pity that Jincheng Group Commercial Company is not willing to allow Jianan Supermarket to take over the city's department stores so easily. Just when Li Yuhang was about to discuss loan contracts with the heads of several major bank branches, the executive deputy director of the municipal government called.

Wang Jianfei was asked to stop trading immediately.

At the same time, several branch heads also received calls from provincial branch heads, requiring them to strictly control loans. They cannot borrow without actual collateral, and cannot make loans beyond the limit.

At the same time, Tang Jianming, the deputy director in charge of the Municipal State-owned Assets Supervision and Administration Commission and Commercial Affairs, also called, asking Wang Jianfei to sign the contract immediately, and insisted that the transaction had been completed before the notice was issued.

Obviously, there are already many problems here, and the competition behind it is very fierce, and it is also a time to test Wang Jianfei.

Li Yuhang's face was equally ugly. From the moment Wang Jianfei answered the phone, to the intensive calls from several city branch heads, it was obvious that they were here to acquire him.

The words of the person in charge of Guocheng Branch of the Provincial Credit Union after he came in also confirmed his suspicion. There must be a force behind this to prevent him from acquiring the city department store.

"President Liu, our Jianan Vegetable Development Company and Jianan Supermarket Retail Company have been very happy to cooperate with you. I don't know why President Liu suddenly decided to withdraw from this plan. You must know that this is guaranteed by the city government and you have agreed to it before."

Liu Wengui said apologetically: "Mr. Li, I personally am very willing to cooperate with you. It's just that my superiors have asked me to do it. I can't refuse to implement it. I can only apologize this time."

As soon as he finished speaking, Wang Hongxing, the president of Guocheng Branch of Postal Bank, also apologized to Li Yuhang and said that they would not participate in this acquisition.

After returning to the conference room, ICBC Guocheng Branch Su Lifang and Agricultural Bank of China Guocheng Branch Chen Shengjun, like the two before them, were unwilling to provide loans for Jianan Supermarket to acquire a city department store.

Li Yuhang knew that this acquisition plan almost failed. Without the support of these four companies, he would not have the capital to acquire the city department store.

Wang Jianfei also made what he thought was the right choice. Compared with Tang Jianming, he chose to side with Executive Deputy Chief Pan Xinghua.

Li Yuhang was not unyielding at this time. He knew that no matter how much trouble he made, it would not help. There must be a powerful force inside, and it was probably coming from the provincial capital. Only there could change the decision of the municipal government.

He stood up and said: "Sir Wang, can you tell me who is behind this?"

Wang Jianfei is also feeling very uncomfortable now. This time he can be said to be being roasted on the fire. He only hopes that Pan Xinghua can protect himself when there is a problem.

He is very aware of Li Yuhang's potential. After this time, the relationship between the two parties will be greatly affected. It will be impossible to find Li Yuhang to take over some loss-making enterprises in the future.

He was quite dissatisfied with Jincheng Group Commercial Company, which was behind this making it difficult for him, so he mentioned it smoothly when Li Yuhang mentioned it.

There are quite a lot of people behind this, and it has far surpassed commercial competition. The city government has no choice but to stop the transaction with Jianan Supermarket Retail Company in the face of orders from superiors.

As for how to deal with the city's department stores later, this still requires communication between the municipal government and the provincial State-owned Assets Supervision and Administration Commission.

Anyway, there is no chance for Jianan Supermarket to acquire the city department store in a short period of time, unless Jianan Supermarket can come up with more than 8 million in cash, which is almost impossible without the support of the bank.

Li Yuhang made a deep note of Jincheng Group Commercial Company. He will never forget this incident and will make this company pay for it in the future.


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