The three of them touched a glass.

Cheng Yu said to his neighbor: "I'm sorry, I don't know your surname, I have a lot of family that day, and I don't remember it too much." ”

The neighbor hurriedly said: "I'm sorry, I'm sorry, I didn't think about this stubble, my surname is Wang, my name is Wang Xu." ”

Cheng Yu nodded and said, "You should know this person, right?" he pointed at Xue Changyun.

Wang Xu said: "I know each other, although I have only met twice, and it is mainly my father who talked to Xue Gongzi, but I definitely know." I'm afraid that Xue Gongzi won't remember me. ”

Xue Changyun smiled and said, "Okay, let's not be polite." You two will be neighbors, this is really fate. ”

Cheng Yu also nodded and said, "It's really a coincidence." If it is not fate to live as a neighbor, then it is really a bit too coincidental that the two of you are looking for me separately today, probably for the same thing. ”

In fact, there is no need for Cheng Yu to say, these two people also thought that what they did must be the same thing.

But as Cheng Yu, he always has to take the lead and make the topic clear first.

Xue Changyun is very good at complimenting, and immediately said: "I saw the two of you together just now, and I was still strange in my heart, and I said that Cheng Shao wanted to bypass me and talk to you directly." ”

Cheng Yu gave him a blank look, but Wang Xu was a little nervous and said, "No, no, Cheng Shao doesn't know at all." ”

Cheng Yu waved his hand and said, "Okay, if you take care of him, he's joking." Just now I went out to pick you up, but I happened to meet Wang Xu on the way. Wang Xu told me that he originally planned to come to me after dinner, didn't I bring two friends over for dinner today, he heard a loud voice inside, and he didn't enter the door knowing that I had guests. Then I asked him what was going on, and he said, "You asked him to buy the part of the equity of the institute, and he said that it had something to do with me." He thought we were neighbors, and he was going to come and ask me. I'll just invite him to pick you up......"

Xue Changyun pretended to suddenly realize, in fact, he had already understood, Wang Xu must not be able to believe him, after all, in the land of Wudong, if you pull the banner, it is the Cheng family and the Du family that are most likely to be involved.

After all, it was the first time to deal with it, and it was normal to have such doubts and worries, and Xue Changyun would not be dissatisfied with this matter.

"Wang Xu, I can tell you responsibly about this matter, that research institute is indeed something that I and Xue Gongzi are preparing to acquire.

Last time you were restructured for the first time, the institute originally hoped to become a cooperative research institute with state-owned equity system, but now the upper authorities are not willing to continue to invest in the institute, and the amount of scientific research funds you give every year is really not enough, and even the salaries of those research institutes are a problem.

It just so happened that some time ago they had a cooperation with us, and they got to know each other because of a patent issue. So we talked about the next step of the comprehensive privatization of the research institute.

After thinking about it, Xue Gongzi and I decided to acquire this research institute step by step.

He called me just now and said he had something to talk to me about, but I didn't ask what it was. Now it seems that it should be about the 30% of the shares in your family's hands. ”

Xue Changyun once again gave full play to his strengths and said, "Yes, I can't say a word or two on the phone, so I told Cheng Shao that I wanted to have an interview." It's just that I didn't expect it to be such a coincidence, and you, one of the protagonists, happened to appear.

Wang Xu, we are very sincere in acquiring the shares in your hands, but you have also seen the current situation of the institute, and it is almost impossible for any turnaround if there is no large investment.

Now that you're sitting together today, I'd like to hear what you and your father mean. If you want to sell, let's continue to talk, if it's really difficult, I will also help Director Chen inquire about you, whether you are willing to take over their research institute completely. ”

Wang Xu pondered for a moment, and said with a wry smile: "Xue Gongzi, to be honest, after our family won the thirty percent of the shares, we have more or less invested some funds in it over the years. Although it is not too much, but with the funds that acquired the 30% shares, it is also more than 100 billion. We admit that the institute is declining, and the original valuation is still more than 10 million, and now I am afraid that no one is willing to take over the millions. ”

Cheng Yu interjected: "In fact, the main thing is not the capital of the acquisition, but more of the investment after taking over, which will be relatively large." ”

Wang Xu nodded and said, "I admit it, but after all, we have invested a lot of money, and the research institute's share with us is calculated from the day we became shareholder."

In other words, the patents and technologies in the past have nothing to do with us.

Just like the material technology that was sold to you this time, in fact, our family also thought about buying that patent at the beginning.

It's not that I'm pretentious, that patent is very similar to a technology that our family acquired two years ago. Of course, I am not saying that the institute is plagiarizing, but I can only say that the direction of research and development is relatively similar, and I admit that the patents in the hands of the institute are more mature, and the products produced are of higher specifications.

But after all, we already have some technology, and we can also improve this technology in continuous production. That's why I didn't make up my mind to buy this patent in the first place. Then he was sold to the two by Director Chen.

I don't mean anything else by this, but I just want to illustrate the current situation, that is, since we invested in the research institute, we have hardly received any return from the research institute, on the contrary, the investment has been really a lot.

If you want to say that it is not a lot of money, but it is all real cash, we are an industrial factory, and the demand for cash is greater. So, Xue Gongzi, the offer you gave us, it is really difficult for us to cut the meat......"

Cheng Yu glanced at Xue Changyun, these were all unknown to him, and he didn't even know what Xue Changyun's offer to Wang Xu's family was.

But it can be roughly deduced.

Nowadays, the institute is really in a state where it cannot be revealed, the state's funds are getting smaller and smaller year by year, and many patents that have passed the secrecy period have been sold.

As a result, the valuation of the institute has been declining.

Including what I told Director Chen, when the institute was restructured for the first time a few years ago, it was valued at more than 10 million, and the 30% equity taken by the Wang family was originally paid a price of about 4 million.

And now, except for those patents that have not expired, and some R&D personnel, that research institute can almost be said to be poor and white, and there is nothing left. Even at the beginning, when it was first restructured, there was still a small factory inside the institute, and it still had a certain production capacity. If you look for the right market at that time, it is even possible to open up some situations with the technology in your hands.

It's a pity that neither Chen Jiang nor Wu Jing are good at management, and they are simply blind in front of the market.

And the shareholders they chose for the restructuring also have problems.

Cheng Yu didn't know much about the situation in Wang Xu's family, but from what he just said, Cheng Yu could roughly know that since Wang Xu's family is making environmentally friendly materials and is based on it, then their family must have a mature production line, and it is impossible to support the continued development of the institute's factory.

And even to some extent, they would have preferred to see the institute's factories fall apart.

Only by leaving the institute without any technical digestion capacity can they make it possible for them to seek greater benefits in it.

But now, everything has changed.

According to the research institute's calculations, after this restructuring, a part of the shares will be realized every year, and from the day of the acquisition, the research and development of munitions technology will be completely stopped, and the research and development of civilian technology will be completely oriented to the market. But it does not include research and development that has been carried out for some time.

In terms of R&D expenses, the acquirer needs to pay in full.

Some of these R&D funds will be used for the research and development of new technologies, and some of them will continue to be used on the technologies that have already been developed.

To put it bluntly, the acquirer even needs to help the state complete the research and development of the unfinished part of the technology, and this research and development fund must be used for the research and development of that part of the technology.

From now on, the state will only be responsible for the salaries of a part of the R&D personnel, and the transition will take three to five years to finally achieve full privatization.

After the acquisition is completed, the military technology that has passed the expiration date will be left behind, and the military technology that has not expired will be operated in two cases.

First, technology that will expire within a year will be mothballed by the state. The acquirer needs to pay a certain amount of money to acquire this part of the technology.

The second is the technology that cannot expire within a year, which will be completely taken over by the state.

In this way, in fact, in the past few years, the investment is not big, but it is not small.

This condition is actually quite harsh, and for the Wang family, it is of little significance, and they can only choose to sell their shares.

Cheng Yu and Xue Changyun are because Xue Changyun has been researching for a period of time and believes that after the acquisition is completed, the technology they can get can basically be consistent with the investment, on the one hand, it is to help the country and the government complete the needs of restructuring, and on the other hand, they can also get a certain amount of technical reserves.

The money will definitely not be earned, and even some losses will be made, but it can get impression points from the government because of this.

For the Xue family and the established Qianjin, their future business direction is inseparable from the government, and they will be more engaged in the development of government infrastructure work.

Different perspectives determine different attitudes towards the institute, which is why we have today's scene.

Therefore, according to the current situation of the institute itself, coupled with the various costs to be paid in the future, it is difficult for the current valuation of the institute to exceed four million.

If calculated according to this valuation, the shares in the hands of the Wang family are worth about 1.2 million.

For the Wang family, which has continued to invest for so many years but has limited returns, and the total investment amount is even more than 10 million, it is obviously unacceptable.

Doing business and investing, of course, there are losses and gains, but if there is no such thing as restructuring and acquisition, it can be said that the Wang family has almost reached the stage where it can recover a certain cost.

However, when the government was eager to get rid of this mess, the Wang family saw that there was an opportunity to recover costs, and it no longer existed.

And all of a sudden, the valuation was so low, of course the Wang family would be reluctant.

Seeing Cheng Yu's gaze, Xue Changyun certainly knew what Cheng Yu's question was, and he said directly: "That's the case, our current valuation of the research institute, or a relatively fair third-party research company, only makes a valuation of four million. I also took into account that it has not been easy for the Wang family over the years, so I quoted an offer of 2 million to buy all the shares in their hands. Wang always felt that it was too little, but this was the biggest concession I could make. ”

Wang Xu's face was full of bitterness, obviously, this was not something that he and his father could completely decide.