Chapter 408 Kangda Restructuring
There are still twists and turns in the asset transfer of Kangda Paper Group.
Chen Junhuai's plan is for Xinyuan Trading to purchase the assets of Kangda Paper and obtain a controlling stake. This is called a holding acquisition.
In the end, Zheng Yongshu exposed the conspiracy and sent Chen Junhuai and others in.
Chen Lidong's plan is to use real money and silver to acquire all the claims and debts of Kangda Paper, which can also contribute a large amount of revenue to the county finance. This method is called a wholly-owned acquisition.
In the end, Zheng Yongshu still stood up to object, and the county working group was a little embarrassed by this thorn.
When Zheng Yongshu reported Chen Junhuai, he took out many small account books and revealed a lot of black information.
For example, the first-class products of Kangda Paper were sold to Xinyuan Trading as defective products. Some of the group's overseas offices once misappropriated sales funds to speculate in stocks, but nothing happened in the end.
For another example, Li Xingye arranged for his brother-in-law to work at the Purchasing Office of the Sunji Town Paper Mill. The thermal coal he bought for two consecutive years was adulterated with a large amount of coal gangue, but the purchase price was paid exactly.
Also, the equipment section chief of the county paper mill, under the instruction of Chen Junhuai, spent 12 million to purchase a second-hand corrugated paper machine production line. After dismantling the line, he found that the equipment was old and could not be used at all, and was finally thrown into the weeds.
It was turned into scrap metal.
Also, the director of the Shuangjing Town Paper Mill spent money to buy several cars but did not pay for the medical expenses of the workers. The worker Niu Jianbo lost his left hand by a paper machine. After being discharged from the hospital after surgery, the work-related injury compensation was never paid.
...
Zheng Yongshu was only the deputy director of Sunji Town Paper Mill, and the shady story he revealed involved various branches of Kangda Paper. Obviously, there was a large group of people behind him providing bullets for him.
It is very likely that while Chen Junhuai was contacting the heads of each branch factory to steal state-owned assets, Zheng Yongshu and the "righteous men" of each branch factory were also sorting out the black materials of Chen Junhuai and others.
At the critical moment, the righteous people rose up and knocked down all the senior executives of the existing paper group.
In another life, paper companies in Binhai County also formed Kangda Paper Group, but each factory only used Kangda's trademark and did not work together to eat together. They still went about their own business.
Around 2000, a dozen state-owned papermaking companies were restructured and sold to individuals, basically being acquired by management.
Some factory leaders have insufficient funds, and the county allows these people to pay off the balance within three or five years, which is equivalent to the management using the money earned by the factory to make up for the credit transfer fee.
In recent years, this has actually been done in various places.
In another life, Zheng Yongshu left the paper mill as early as 1998 and opened a motor repair shop by himself to repair motors for the paper mill and Binhai Oilfield. He also became a wealthy household in Sunji Town.
The deputy leader of the county's restructuring working group is Jiang Guocai, whose current position is deputy director of the Economic Commission.
Jiang Guocai returned to Sunji Town and made an appointment with Zheng Yongshu. As soon as he met Jiang Guocai complained: "Old Zheng, tell me what do you think about the friendship between us, one generation older and one generation younger? The paper mill that was wholly owned by the county was transferred to the government.
After the meeting, why don’t you guys say no?”
Zheng Yongshu chuckled and said: "Oh, Director Jiang has been really different in the county these past few years. While talking about friendship with me, he also used the county's hat to suppress me. I didn't know it for a while.
What’s the deal?”
Jiang Guocai was stunned for a moment, then he took out his cigarette case, threw one over, lit it for himself, and took two puffs before saying: "Don't worry, the county has sold the paper mill. No matter who takes over, you guys will still be in charge."
Son."
Zheng Yongshu looked down at the table and said nothing.
Jiang Guocai asked: "Old Zheng, the county is about to change its leadership, and the leaders have also changed. What's the point of you reporting that the original county leader illegally reimbursed expenses for Kangda Paper Group?"
Zheng Yongshu raised his head and said: "Xiao Jiang, I was taken out of the maintenance team in 1983 to prepare for the establishment of a paperweight factory. It has been almost 20 years now.
Back then, we built a factory in a reed nest, and the town saved tens of thousands of dollars and gave it to us. Your father was in charge of industry in the town at that time, and our brothers came and went in the wind and rain. We were covered in dirt on sunny days and wet on rainy days.
Covered in mud.
How many people have worked hard to get the factory to this stage?
How did your father's leg get injured? In the past ten years, we old people will never forget the loss of arms and legs due to production and construction, and the electrocution of maintenance lines.
If the factory is sold to Donghua, I have no objection, but I have seen the people in your working group, and several of them are Zhang Xiaohua's people.
I have dealt with Zhang Xiaohua, and a few years ago he arranged for someone to come to me to learn paper machine design.
Zhang Xiaohua has built many paper mills across the country, and he is a capitalist. If we fall into Zhang Xiaohua's hands, I am afraid that people like me will have to go home in less than two years."
Only then did Jiang Guocai understand that Zheng Yongshu had guessed the inside story, so he smiled bitterly and said: "To tell you the truth, our Economic Committee is leaning towards Donghua to acquire Kangda, but Secretary Wen turned around and told us that Zhang Xiaohua's Jiulong Paper
The industry has sent people over to make arrangements. It has not yet been determined whether the factory will be sold to Donghua or Jiulong."
Zheng Yongshu rubbed his brows and sighed and said: "In this world, the factory has developed to this stage, and we have to take credit and hard work. I didn't expect that it has become your burden now. Just give it to whomever the leader says, no matter who you are."
Come and hear our thoughts?”
Jiang Guocai hesitated for a few seconds and said, "Old Zheng, what on earth are you thinking?"
Zheng Yongshu said: "We people built the factory, why are we not allowed to buy it?"
Jiang Guocai looked at the other party in surprise: "Kangda Paper Group's fixed assets are about 1 billion. After checking Xinyuan Trading's accounts, the price of the factory must be more than 1 billion. Where did you get the money?"
Zheng Yongshu said: "Donghua is a private enterprise, and several of its factories have implemented full-shareholding systems. Why can't we, a state-owned enterprise? Kangda has a total of five factories with more than 20,000 employees. We can't buy all the shares, but it's no problem to invest in them, right?
?
The papermaking situation has been very good in the past few years. We rely on Donghua, and the paper machine is in good condition. We don't need a large investment. When the paper machine is turned on, it is equivalent to printing money.
If the county lets employees like us buy it, many people will be able to pay for it as long as the stock price is not set too high.
Why do we have to let others buy our own factories and our own money-making machines?”
Jiang Guocai finally understood and asked: "Old Zheng, I understand your plan, but this is just your idea. Do people in other factories think the same way?"
Zheng Yongshu said: "Xiao Jiang, let me tell you the truth, if Chen Junhuai and others did not eat alone and could bring the middle-level people with them, we would not 'uprising'.
I have contacts with people from five manufacturers, and my opinions are everyone’s thoughts.
If Donghua hadn't engaged in all-employee stock purchases, we probably wouldn't have thought of this.
You can report to the county leaders that even if foreign bosses are introduced to invest, we old employees should be given certain shares. If the interests of our factory employees are not considered, we may do some irrational behavior. Whose responsibility will it be?
They don’t even look good on their faces.”
Chapter completed!