Starting out as a drug dealer in 1988

Since the acquisition would definitely result in losses, Zhao Wenhao was thinking about whether to make up for it from other places.

Although the Provincial Television Factory is not located in the city center, it is also part of the urban area.

If we consider the appreciation of land value, such a large piece of land will definitely appreciate significantly in ten years, perhaps even reaching hundreds of millions.

From this perspective alone, it is worth acquiring.

Of course, the actual purchasing power of tens of millions in 94 and hundreds of millions after 2000 is not that different.

But the problem is that once the acquisition is completed, these employees will definitely move to the industrial park to work, and the original place will become idle.

It is impossible for the government to allow such a piece of land to remain idle for more than ten years, especially in the urban area.

There are two or three possible approaches: either develop the property yourself, or put it aside for as long as possible, and then find a way to sell it when you can no longer afford to do so.

There is another way, which is what Zhao Wenhao asked just now, whether it can be rented out.

Even if it is not possible to rent the entire property, it can be divided into multiple pieces and rented in batches.

It's nothing more than cutting the entire factory into several pieces.

We can even rent out the dormitory building as rental housing to people in society. This way, we can also earn some income to make up for the loss.

Wait until the land price rises, then package the entire property and sell it.

However, the repayment period is longer, but it is better than a huge loss.

So, Zhao Wenhao explained his thoughts clearly to everyone.

"Mr. Zhao, although Xuanzhou is the provincial capital, how can you guarantee that there will be significant room for land price appreciation in the future?"

Yuan Bin still raised his own objection.

Of course, Zhao Wenhao couldn't tell him that he had experienced such a thing before.

He simply made inferences based on business development in recent years and the recent increase in housing prices.

Of course, such words still couldn't convince everyone. However, this was the only explanation Zhao Wenhao could give.

"Alright, if the province insists on us acquiring the company, we will of course still put forward some of our own conditions. For example, regarding the redundant personnel mentioned by President Yuan, these people must be eliminated."

Zhao Wenhao already had a plan in mind, so he didn't discuss it further.

That afternoon, Zhao Wenhao called Hong Kong Island Meifeng Group and Goldman Sachs as usual.

Both companies now hold 5% of Hengyuan Electronics shares. Although Zhao Wenhao has no decision-making power, he still respectfully explains his ideas to them.

The two groups naturally had reservations about acquiring the provincial television factory, but Hengyuan Electronics is still under the control of Zhao Wenhao, so they can only have reservations and cannot change anything.

However, Goldman Sachs can provide some assistance in purchasing TV production lines in the future.

They also have many cooperative relationships with Germany, so they can have some say in this regard.

Zhao Wenhao was naturally happy to see this happen.

However, the purchase of the production line will definitely have to wait until next year.

It's unclear whether the acquisition and integration can be completed this year. Furthermore, even if the integration is complete, some components still need to be developed to make the color TVs produced competitive.

..................................

"Mr. Zhao, welcome. I hope we can hear good news!"

Zhou Xian was still very polite. He walked out of the office and came to the door of the conference room to welcome Zhao Wenhao and his team to the meeting.

On the contrary, Feng Zhen from the Provincial Television Factory was a little depressed.

"Governor Zhou, you are so polite." Zhao Wenhao made a gesture of invitation.

Zhou Xian didn't act pretentiously and walked straight into the venue, while Zhao Wenhao followed closely behind him.

There were quite a few people attending the meeting today, with about 20 people from the three parties attending the meeting.

After everyone was seated, Zhou Xiancai coughed and said, "Mr. Zhao, a week has passed. I wonder what the results of your inspection are?"

Zhao Wenhao picked up a spreadsheet, glanced at it, and then said, "Everyone, this is the profit and loss statement prepared by our Finance Department. Director Li, please give a copy to everyone."

Li Hongmei immediately stood up and distributed the information to everyone.

"Everyone, please take a closer look. Is this data accurate? Of course, it's impossible to be absolutely accurate, but I believe it should be roughly accurate."

After saying this, Zhao Wenhao did not continue speaking, but picked up the teacup and sipped the tea.

He always wants to show everyone the real situation of the provincial TV factory.

Maybe some people know about it, like Feng Zhen. Maybe some people haven't taken it seriously yet.

"No way, it turns out to be a negative asset, and it's reached 2400 million."

"I thought even if it was negative equity, it wouldn't exceed 1000 million at most."

"Look carefully, these figures already include the factory buildings and machinery. But if we really want to sell them at a 2700% discount, we can't even get that. In other words, the actual negative assets could be million or even more."

"Wow, it's only been a few years, and it's already like this. What does Feng Zhen do for a living?"

"I think Mr. Zhao's intention in bringing out this form is very clear: he has no intention of acquiring the company!"

"Haha, if it were me, I wouldn't do that either. With 2700 million in debt, anyone who does that is a fool."

……

Suddenly, the conference room erupted in discussion. Zhou Xian's expression grew increasingly grim as he looked at the data.

He also thought of this. Did Zhao Wenhao come here today to refuse directly without any hesitation?

Zhou Xian also had a general understanding of the situation of the provincial television factory.

But it was somewhat beyond his expectation that it would be so detailed as today.

As someone just muttered, if he were Zhao Wenhao, he would never have acquired the provincial television factory given the situation.

But this is a political task. If it is not handled properly, there will be more trouble later.

"Mr. Zhao means..." Zhou Xian pondered for a while and finally spoke.

"Governor Zhou, you've seen the situation. We have a debt of 2700 million. This doesn't even include the annual pensions, medical expenses, and other expenses for retired workers if we accept the transfer.

Furthermore, if we accepted the offer, we would have to start the TV project. I've heard from someone that the Germans are asking 4000 million just for the two latest production lines.

In other words, I need to prepare a total of nearly 8000 million yuan to achieve my goal.

Honestly, if I were to do it myself, even if it took another year or two, the total cost wouldn't exceed 4500 million. So, we're essentially spending an extra 3500 million to accomplish the same thing."

This time, Zhao Wenhao did not hesitate, but analyzed the situation directly.

Regardless of whether it is an acquisition or not, everyone must be made aware of the difficulties involved.

So, if the acquisition is really completed, the province will definitely owe him a big favor.

Such favors may be of great use in the future.