The rise of nanometers

Chapter 11 Acquisition of Factory

At a beautiful turn, the pickup truck parked steadily next to the passenger terminal, not far from the passenger entrance.

He glanced around and saw the nerdy Lu Xuedong. He hurriedly opened the car door and shouted: "Xuedong, this way."

Lu Xuedong, who was at the entrance, was dealing with two motorcycle drivers. When he heard the familiar voice, he immediately turned his head and waved with a happy face: "Xiuyuan."

Seeing Huang Xiuyuan, followed closely by Huang Weichang, the two motorcycle drivers also knew that the business was ruined, so they went to look for other customers.

Huang Weichang walked over and took the luggage quickly.

Huang Xiuyuan and Lu Xuedong started chatting.

The pickup truck started again and headed towards Pubian Town.

"I thought it would take a few days for you to come, and now you can only stay at my house temporarily."

Lu Xuedong smiled: "It doesn't matter, I'm not a spoiled person either."

"By the way, you came just in time to help. There are too many things to do." Huang Xiuyuan patted his forehead, looking like he had a headache.

He does have a lot on his plate, including company location, company registration, personnel recruitment, company articles of association, and laboratory preparations, all of which need to be resolved in the near future.

I gave Lu Xuedong a rest for a day.

February 13th, the eighth day of the Lunar New Year.

The three experimental equipment suppliers arrived as scheduled. The terms that the two parties should negotiate had already been communicated. Huang Xiuyuan did not talk nonsense with them. After confirming that there was no problem with the contract, he quickly signed the purchase contract.

Remit the 30% deposit to the other company's account.

It was then agreed to deliver these experimental equipment within six months, which also included installation and debugging, as well as some future after-sales services.

Won three experimental equipment purchase contracts.

The next day, when the applicants did not come, Huang Xiuyuan took Huang Sixiao, Huang Weichang, and Lu Xuedong with him.

"Xiaoyuan, this is Hanhai Garment Factory." Huang Sixiao introduced him.

The location is in Hongcao Town, next door to Pubian Town, and is closely connected to Pubian Town. The factory area is quite large, and the area surrounded by walls is estimated to be about 40 acres.

At the gate of the factory, a short, fat middle-aged man wearing a gold ring and a large gold chain saw the pickup truck stop and hurriedly came up to him:

"Boss Huang, please come inside."

Obviously the other party regarded Huang Sixiao as the person in charge, which made Huang Sixiao a little embarrassed and explained to the other party.

Huang Xiuyuan didn't pay too much attention, but observed the situation of the venue.

Looking at the empty production workshop, next to the first factory building, there was a second unfinished factory building. He had learned about the situation of this garment factory before coming.

The other party specializes in manufacturing shirts for American customers. In fact, the subprime mortgage crisis started last year. As a purely export-oriented company and a clothing OEM with no technical content, facing the subprime mortgage crisis is simply a nightmare.

Han Hai, the owner of a clothing factory, took out a loan in the first half of last year and acquired 20 acres of land next to the factory in preparation for expansion. As a result, orders in the second half of last year fell by about 36%.

In the first quarter of this year, the situation became even more grim. One of the buyers went bankrupt, resulting in him being unable to recover his final payment.

As for orders, they plummeted to less than 20% of the same period last year. It was like a leak in the house and it rained all night.

The pressure on loans, bad balance sheets, sharp decline in foreign trade orders, and the intensifying subprime mortgage crisis in foreign countries forced Han Hai to cut off its business to survive.

Huang Xiuyuan made an estimate and asked, "Boss Han, how much do you plan to sell it for?"

"30 million." Han Hai blurted out.

"30 million? Haha!" Huang Xiuyuan smiled and shook his head: "I think the maximum is 2 million."

"What?" As if being stepped on, Han Hai jumped up: "I sold the land for more than this amount. Is Boss Huang here to entertain Han?"

Huang Xiuyuan, who was still calm, took a sip of tea and slowly stated: "You used the 20 acres of land and factory buildings of the garment factory as collateral to obtain a loan of 7 million from the bank. This is true, right?"

"Uh..." Han Hai was speechless.

Huang Xiuyuan's words seemed to be talking to himself: "After counting bank interest, arrears of wages, and arrears for purchasing materials, how much working capital do you still have?"

These words struck Han Hai straight to the bottom of his heart. A thin layer of sweat broke out on his forehead. He pretended to be calm and said:

"Boss Huang, there is no sincerity in your price. If you don't want it, others will."

"Really?" Huang Xiuyuan stood up directly: "Let's go! Let's go to the next factory to have a look."

After saying that, he walked towards the door, and Huang Sixiao and the other two quickly got up and followed.

Seeing Huang Xiuyuan and others without any pause, Han Hai was also anxious now. He didn't expect the other party to be so direct.

His expression changed for more than ten seconds. As Huang Xiuyuan and the others were about to walk out of the factory gate, he finally spoke: "Boss Huang, wait a minute, wait a minute."

Huang Xiuyuan turned around calmly: "Boss Han, do you still want to keep us for lunch?"

"Boss Huang, everything is negotiable. How about the fixed price of 15 million?" Han Hai chased after him and told him the price he wanted.

However, Huang Xiuyuan still shook his head: "2 million, I will bear the factory's debts, including bank arrears and workers' wages. In addition, I don't want your equipment. If you sign the contract, if not, pretend I didn't say anything."

"No equipment?" Han Hai quickly calculated that the current situation of his factory was really unsustainable.

The bank loan issue alone is a big trouble. The loan is due in April this year, and the equivalent annual loan interest rate is 7.8%. This is a loan that he only got after finding a way.

But now the working capital has been invested in the construction of new factories and the purchase of equipment. Add in the bad debts of the final payment, and the working capital is completely empty.

Once the loan expires and he cannot withdraw the money, the 20 acres of land and factory buildings used as collateral will be taken away by the bank.

Now there is no need to bear debt, and I can take away the equipment and have two million left. If I work harder, I might be able to make a comeback.

"I agreed."

"Then it will be a pleasure to cooperate." Huang Xiuyuan stretched out his hand and the two shook hands.

We had a meal together at noon and hired a lawyer. The two parties quickly signed a contract and transferred Han Hai Clothing Trading Company to Huang Xiuyuan's name.

The next thing is not over yet. The company needs to change its business license, business scope and other things about the company, especially the transfer of debts.

That night.

The office of the garment factory is still brightly lit.

"Uncle filial piety."

"Xiaoyuan, what do you want me to do?"

"You and Accountant Li will start arranging for workers to come back tomorrow to settle wages. This is the layoff list." Huang Xiuyuan handed over a document.

Huang Sixiao quickly took over, and except for four security guards, three kitchens, six cleaning staff, an electrician, and three financial staff including accountant Li in front of him, everyone else was dismissed.

"Xiaoyuan, is this compensation too high?"

"It's not easy for workers to act in accordance with the law." Huang Xiuyuan was firm.

In fact, if his heart is dark enough, he can refuse to give him dismissal compensation, because most of the employees in the garment factory have not signed a labor contract and are temporary workers.

Han Hai's salary for general workers is only 1,200 per month as a basic salary. This can only be received after completing the basic amount every month. In the end, there is a piece-rate commission for the excess.

Even if they work continuously every month, the salary can be more than 2,000 at most, and generally more than 1,500.

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