Only after being reborn did I realize how fascinating the world of the rich is.

To begin with, no one was particularly interested in the factory. After Director Feng's outburst, they lost even more interest. Judging from the way things were going, who knew what other trouble might arise in the future? There was no need to get involved in this mess.

Finally, Hongxing Electric Vehicle Factory fell into the hands of Li Xiaofeng for ten million yuan.

To avoid any unforeseen complications and to reassure Hou Guowei, Li Xiaofeng paid another five million the next day, which, together with the original deposit, was included in the bidding funds, thus completing the entire transaction.

Immediately afterwards, Li Xiaofeng announced the appointment of Xu Lei's father as the general manager of Hongxing Electric Vehicle Factory and Xu Lei as the sales manager. Based on their suggestions, he also made some adjustments to the factory's management.

A new emperor brings a new court; this is necessary for any organizational change.

After the management reshuffle was completed, Li Xiaofeng invested all the remaining 200 million yuan in the electric vehicle factory, partly to buy out the workers' seniority and partly to provide them with welfare housing.

These welfare housing units were mainly allocated to the factory's management. They had the right to reside in these units, but the ownership still belonged to the factory. However, in order to completely complete the restructuring, this loophole had to be completely severed.

Fortunately, Director Feng had already put effort into this matter in order to completely control the factory, and a consensus had been reached within the factory to stipulate the relocation price for these welfare housing units.

However, all of this effort ended up in Li Xiaofeng's pocket. Therefore, Li Xiaofeng only needed to transfer the money into their account as required to solve the problem.

As for these vacated welfare houses, since they are idle anyway, they can still be leased to the factory's management at a price slightly below market value, serving as a transitional measure for them before they can buy their own homes.

After the factory's restructuring was fully completed, it transformed from a state-owned enterprise into a private enterprise.

At the same time, Li Xiaofeng used some of the money to repay some of the suppliers' debts and the interest on the bank loan, and with Hou Guowei's help, he applied to the bank for an extension of the repayment period.

Next, Li Xiaofeng had someone review the factory's financial records and discovered that there were indeed some hidden irregularities.

One reason is that the factory equipment is not as old as one might imagine. Although the factory buildings look old, they are very sturdy. Since it's public money, these people are willing to use high-quality materials, so the value shouldn't be so low.

Another issue is that many of the bad debt provisions recorded in financial statistics are actually recoverable and may not necessarily be considered bad debts. He has Le Xin'er's professional legal team, which is fully capable of dragging things out with those deadbeats.

If these bad debts are transformed into accounts receivable, the resulting reversal will have a significant impact on the company's net asset statistics.

Another point is that the land value assessment for the factory, even if it is only industrial land, is slightly lower than the actual market value, even though the factory is located relatively close to the city center.

Therefore, after a thorough review and reassessment of the factory's assets, it was found that the company, whose assets were originally reduced to zero after the restructuring, actually still had net assets of at least 50 million yuan.

No wonder Director Feng shouted at Cao Jinpeng that he could bid anywhere under 50 million. It turns out that Director Feng had known this all along. This is a common occurrence in the process of privatizing state-owned enterprises.

In fact, this Factory Director Feng is rather timid; he only slightly lowered the prices of some company assets. Some bolder people can reduce the value of assets worth 200 million yuan to less than 100 million yuan, or even higher.

In this day and age, why are so many media outlets clamoring that state-owned enterprises are inefficient and that monopolistic industries should be opened up to the private sector?

There are indeed some practical reasons for this, but the real core is that this is a lavish feast for the upper class, and many people with ulterior motives are fueling the flames and creating a public opinion trend.

Of course, at this time, many clear-headed people spoke out loudly in the media, denouncing the problem of the loss of state-owned assets. Only then did the authorities begin to thoroughly investigate and severely punish the matter, and urgently halt the increasingly rampant privatization reform.

However, none of this had anything to do with Li Xiaofeng. Firstly, all the underhanded dealings were the work of Director Feng, and secondly, the electric vehicle factory did not obviously suppress the company's assets.

To put it bluntly, the statistics on corporate assets are inherently flexible; otherwise, banks wouldn't often undervalue companies when providing loans.

In addition to these, this electric vehicle factory has another advantage: its current production base is located in Shanghai.

People who have never done sales may not understand, but those who have done sales know very well that at this time, the Chinese people's tendency to admire foreign things is very serious.

If someone has enough money to buy foreign goods, they will never buy domestic goods; if they can buy goods from Shanghai, they will never buy goods from other places.

Even wealthy provinces like Zhejiang often look up to goods from Shanghai, but the market for two-wheeled and three-wheeled electric vehicles is entirely made of domestically produced goods, with no imported products at all.

Therefore, as long as Li Xiaofeng focuses on product quality and marketing, the revival of Hongxing Electric Vehicle Factory is definitely not a problem.

Li Xiaofeng owns a large advertising company, so it doesn't matter if the electric vehicle factory lacks marketing funds; he can make the decisions himself and put the money on the books.

As for product quality, Li Xiaofeng wasn't too worried. The factory's employees were all veterans, and he had Director Xu purchase several automated production lines from the Japanese chicken farm.

These automated production lines can not only improve product quality, but also significantly increase production efficiency.

With the existing equipment and the newly established management system, improving product quality is absolutely no problem.

There are currently many electric vehicle manufacturers in China, mainly because the technology barrier for electric vehicles is relatively low. Anyone with money can make them, leading to fierce competition.

To stand out in this environment, companies must continuously invest in research and development to build a competitive advantage and gradually eliminate smaller manufacturers.

Fortunately, Hongxing Electric Vehicle Factory is a relatively large enterprise in this industry with a good foundation in machinery. Although Director Feng is somewhat self-serving, he still has a good eye for this industry.

Therefore, despite opposition, he purchased the patented technology of the more advanced motors and controllers from other companies early on.

At the same time, he also organized a small R&D team to iterate on motor and controller technologies, which is an important reason why this electric vehicle factory has been losing money year after year.

Now all of Director Feng's efforts have fallen into Li Xiaofeng's hands, becoming a stepping stone for his career.