Chapter Forty-Nine: Entering the Arrow Automobile (Five Watches!) Ask for recommendations)
The boss of Arrow Motors is Chen Guangda, a man in his fifties, he is thin, slightly dark, wearing clean overalls, wearing a pair of silver-framed glasses, looking very lean, like a white-collar engineer more like a boss.
After listening to Emma's brief introduction to the Ostein Investment Company and the purpose of their visit, he began to talk about how good the company was, and by the way, he talked about his history of struggle.
It turned out that Chen Guangda was really a technical background, and he was originally the only eighth-level fitter in the second auto repair shop.
It is said that Chen Guangda was originally from FAW, and later seconded to the Upper East No. 2 Automobile Repair Factory here, and slowly married a wife and had children locally, which can be regarded as taking root.
Later, the second repair shop was restructured and changed to a joint-stock system, and Chen Guangda's wife was working in a bank at that time, so she took advantage of her position to borrow a part of the money from the bank to Chen Guangda, so that he could buy the second repair shop and change it to Arrow Automobile Co., Ltd.
The reason why it is called Arrow Automobile is because his wife's surname is Luo, and without his wife, Chen Guangda can't buy this second repair shop, so it may be out of gratitude, he called the company Arrow Automobile, and later some people said that it is not good to call it like this, let him change his name, he didn't do it, so he simply found an English arrow, which means arrow, and changed the logo to a golden feather arrow, so that others will call this name again, and they will not easily think of his wife, only thinking that it is a homonym of English words.
Hearing this, Cheng Yuan immediately understood that Chen Guangda was also a person who made a fortune by opportunity, but there were too many things that asked the bank to buy assets for himself, so he was not bad for him, of course, the most rare thing is that he did not shy away from this matter and said it casually, which shows that he is not ashamed of this kind of loan to buy a factory.
Think about it, after people took out loans to buy factories, they were not speculative, but down-to-earth business, which was also in line with the original intention of the reform at that time, but unfortunately limited by personal ability and capital scale, it has been half-dead.
When I came, I heard Director Liu of the office say that this company still owes the bank more than 30 million loans that have not been repaid, if the bank didn't look at Chen Guangda's wife's family with a little background, his wife herself is a high-ranking official of the bank, and the relationship is very hard, and she will not let him get away with it so far, and he would have forced him to pay off the loan and then take this valuable land.
To put it bluntly, without his wife, Chen Guangda would have gone bankrupt a long time ago, and he would not have supported it until now.
In general, Cheng Yuan is quite satisfied with this place, although the factory is dilapidated, but the place is good, not only the place is big, but the location is also good, so if the conditions are right, he hopes to achieve his first step here.
Since one wants to buy and the other wants to sell, then it's easy to talk, specifically to talk about details and conditions.
The next link is relatively simple, that is, everyone goes to Chen Guangda's chairman's office to discuss specific cooperation matters.
Seeing that there was a possibility of success in this investment project, Director Liu, who came over next to him, had his eyes lit up, and he kept sighing, saying that this Chen Guangda was a person who wanted to do a career and didn't value money and the like. He also said that in fact, a senior engineer of his age is somewhat idealistic and patriotic, otherwise, with his craftsmanship back then, it would be no problem to go to a large state-owned factory or a foreign company, but he chose to build his own car. It's a pity that the ideal is very plump, the reality is very skinny, he has been doing half-dead because of the lack of follow-up funds, as long as there is new capital investment, the factory can be rejuvenated immediately, therefore, this business is absolutely worth it!
Hearing Director Liu say this, Cheng Yuan could only smile.
In fact, the previous stories are all said by Chen Guangda himself and said by Director Liu, what the actual situation is, it is not something that outsiders can know, maybe it is not so simple at all.
However, one thing is certain, that is, as long as his conditions are met, such as retaining the brand of Arrow Automobile, continuing to make cars, retaining these employees, paying off the loan, and keeping him as the general consultant of the new company, the purchase price is not harsh, and the equity transfer is only 300 million yuan!
More than 300 million yuan, which seems to be a lot, but considering that this factory has 1,000 acres of land, that is, more than 660,000 square meters, the current average house price of 4,000 yuan per square meter in this Landong Development Zone is very fair, even if it is necessary to pay off the bank loan of more than 30 million, it is definitely profitable. After all, this development zone has not yet developed, and there is still a lot of room for land appreciation in the future.
According to Chen Guangda, several domestic automobile companies have talked to him before and want to buy his company, but they can't negotiate some details, such as retaining the brand of Arrow Automobile and retaining employees.
You know, to do a good job again, to invest a lot of strength, those car companies to buy this factory is also to value the land, and do not want to invest money to carry forward the brand of this Arrow Automobile, after all, Arrow Automobile is not famous at all, this brand in the eyes of those big car manufacturers, it can be said that it is worthless, those car manufacturers would rather add money, than willing to keep the brand.
However, Chen Guangda said that he was very stubborn, and the brand of Arrow Automobile was made by him, and he couldn't give up anything, so his request was that it was okay to buy his company, but it was necessary to make cars, and he must keep his brand.
What Chen Guangda said is also true, there are indeed many automobile companies to talk to him before, but if it weren't for the fact that the land where the factory of Arrow Automobile Company is located is really advantageous, other automobile companies would not have talked to him a long time ago.
Originally, there was an automobile group to talk to him about some progress, but recently, because of the state's control of housing prices and restrictions on bank loans, the contraction of the bank, and the Upper East City has just changed the leadership team, the new secretary is an airborne cadre transferred from outside, and the control of bank loans and bad debts is very strict, as a result, the development of the Landong Development Zone has come to a halt due to the lack of follow-up capital investment from the bank, resulting in the local land price can not rise, so that the value of the factory has been greatly reduced. The negotiations were at an impasse.
At the same time, because the bank began to check the loan problem, Chen Guangda had to think of selling the factory, otherwise, if he could not find the funds to fill the loan hole after a while, his wife would not be able to control the situation, so she could only let the factory go bankrupt and liquidate, and there would be nothing left at that time.
It's just that even if he wants to sell the company early to realize it, after all, after so many years, he still has feelings, and if possible, Chen Guangda still hopes to keep the car brand he built, and also leave those employees who have been with him for many years.
Naturally, they would not tell Cheng Yuan about these situations, and Director Liu would not say that he and Chen Guangda had known each other for a long time, and this company was also recommended to Cheng Yuan by him.
They are all thieves, and they have long seen that Cheng Yuan has a very strong purchase **, and he lacks negotiation experience, so he keeps talking about benefits, saying that it is difficult to give up, and even saying that some conditions that seem harsh but can actually continue to be negotiated are actually sold at a price.
Although Cheng Yuan doesn't know these insiders yet, from his current position, these conditions that Chen Guangda said are not a matter for him.
Cheng Yuan is not short of money now, and he doesn't care whether the brand is a brand or not, he just wants to have a foothold so that he can arrange the ticket under him.
In this way, Cheng Yuan did not make a counteroffer, and agreed on the spot to buy 100 percent of the shares of Arrow Automobile Co., Ltd., including Chen Guangda and his wife, at a price of 300 million yuan in his personal name, and repay the bank loan of 30 million yuan by the way.
After the complete transfer of equity, Arrow Automobile Co., Ltd. will become a one-person limited liability company owned by Cheng Yuan, forming a new Arrow Automobile Company, in which the Arrow Automobile brand will continue to be retained, and the employees will continue to be retained.
Not only that, Cheng Yuan also assured that when he became the owner of Arrow Automobile, he would continue to invest no less than one billion yuan to engage in industrial upgrading, and would promote the new Arrow Automobile to engage in technical cooperation with Sweden's Koenigsegg Automobile Company, and strive to make the Arrow brand better and stronger, at least to become a first-class brand in China.
As for where the money of 1.3 billion yuan came from before and after, on the surface, Cheng Yuan himself didn't have it, but he could learn from Chen Guangda and borrow money from others.
Chen Guangda's experience inspired him, as long as he goes through a formal borrowing process, as long as there is a company willing to lend money to him, then he can use the money to do things, or reasonable and legal, no one can find fault, after all, in the eyes of others, being able to borrow such a large sum of money is a skill in itself.
In fact, at the beginning, Cheng Yuan didn't expect this, he wanted to buy the car company in the name of Osstein Investment Company, but because Osstein Investment Company is foreign-owned, there are many restrictions on buying car companies in China, so it is better to buy this company in the name of borrowing. In this way, Cheng Yuan borrowed money to buy Arrow Automobile, so Arrow Automobile is still a domestic private enterprise, and there are many fewer restrictions.
Once this project is successful, although the scale of funds is not large, it is also a loan of foreign capital to revitalize the local automobile industry. Although we have entered the 21st century, the local political axes of the Celestial Empire are still in urgent need of foreign investment.
For the same reason, because Cheng Yuan is borrowing money in the name of running a business, it is a loan with a clear investment purpose, so it is easy for the foreign capital of Osstein Company to come in, and there is no need to exchange Chengren currency through an intermediary company, and it is enough to go through the formal procedures directly.
In this way, the owner of the purchase of Arrow Automobile Company has become Cheng Yuan, and Ostan Company belongs to the creditors who support Cheng Yuan behind it, and Arrow Automobile is still a domestic private enterprise, and it is a typical non-foreign-funded enterprise with a foreign background.
Therefore, the acquisition is actually a happy situation for all.
In this way, in the case of Cheng Yuan's money, with the strong support of the municipal axe, it took only a week for Arrow Automobile Co., Ltd. to quietly change hands, Cheng Yuan obtained 100% of the company's shares, the company became a one-person limited company, and Cheng Yuan's head also had two more identities - Arrow Automobile Co., Ltd. legal person and chief executive officer.