Era: I was a farmer at the foot of Yaoling Mountain

Chapter 508 Undercurrents: An Unusual Acquisition

"Okay, then let's leave in three days."

Fang Wei smiled and agreed. Actually, she was fine with going anywhere; she just wanted to get away for a while. Of course, it would also be nice to see her daughter while she was there.

three days later.

Fang Wei and Pan Lianhua took their older sister to Guangzhou. On the evening of their arrival, they had dinner with Binbin, and the next morning they flew from Guangzhou to Chengdu.

The so-called "seeing the daughter" is just that—seeing her, having a meal together as a family, and then sitting down to chat.

Afterwards, they went on a trip to the surrounding area, so they couldn't take Xiaojie with them because she had to go to class and didn't have much time.

Fang Wei and the others went to Le County to see the Giant Buddha. There were also many unique local snacks there, which Pan Lianhua and Sister both liked very much. After eating, they worried that they would gain weight.

The group didn't think about anything, and spent their days in joy and happiness, achieving great relaxation for both their minds and bodies.

Fragrant Hills.

Fan Zhipeng returned from his hometown full of energy. He is now not only the factory director and general manager of the lock company, but also a minority shareholder of the company.

The chairman, or boss, trusts him a lot, and most decisions are made based on his opinions.

Just then, Xinlin County Xiangyang Lock Company (Hardware Factory) landed in Xiangshan, making a large-scale investment. According to the agreement with the local government, Xiangyang Lock would invest 5000 million yuan to build a new factory and move its headquarters there.

Lu Zhiwen, who succeeded Fan Zhipeng, personally went to Xiangshan to oversee the company. This step was crucial to the company's future development, and he dared not be careless in the slightest.

"We finally met up!"

Fan Zhipeng received news that in the future, he would be going up against the hardware factory he had worked so hard for for many years, and there might even be fierce competition and confrontation between the two.

However, nowadays, the Pioneer Lock Company, managed by Fan Zhipeng, cannot compete with Xiangyang Lock in terms of either technology or scale.

For some reason, Fan Zhipeng began to crave this kind of clash. He was not worried at all; on the contrary, he was full of fighting spirit.

After get off work, he arranged to have dinner with Section Chief Liu from the bank to discuss the loan.

"Your Pioneer Locksmith business is doing quite well, and you have plenty of funds in your accounts, so why do you still need a loan?"

Section Chief Liu had dealt with Fan Zhipeng before. A while ago, he had approached Fan Zhipeng in order to complete a task, but Fan Zhipeng said that the factory did not need a loan for the time being.

But not long after, Fan Zhipeng needed a loan again.

"That's right. This loan isn't for Xianfeng Locks, but for the newly established Mingguang Locks. Our company and Mingguang Locks will then form an alliance to jointly acquire a lock company."

Fan Zhipeng smiled and explained the reason for the loan.

Section Chief Liu hesitated after hearing this, because the newly established Mingguang Locksmith had no assets. If he gave the loan to the other party, he would be held responsible if something went wrong.

"Mr. Fan, this loan is against the rules. Please allow me to think about it. Alternatively, Mingguang Locks could find a guarantor, such as your Pioneer Locks, which would be very suitable."

In the end, Section Chief Liu did not refuse the loan, but he made one condition: a guarantor was required.

"No problem, no problem. It's all for the joint acquisition, so what's there to be afraid of with a guarantee?"

Fan Zhipeng readily agreed; he was a media boss, and he figured the boss wouldn't object.

"Okay, prepare the materials and come see me next week."

When Section Chief Liu heard that Pioneer Locks was willing to provide a guarantee, a weight was lifted from his heart.

It must be said that Fan Zhipeng is quite capable; he thrives on opportunities and has established a network of connections in Xiangshan in such a short time.

the next day.

The boss spoke to Fan Zhipeng about Xiangyang Locks' aggressive entry into the market.

"Xiangyang Locks is a giant in the industry. I'm worried that their entry into Xiangshan this time is not for good reasons. Mr. Fan, what do you think we should do?"

"Boss, our main problem is that we are too small. If we want to be invincible in the competition, we need to expand the scale of the business. It's the same principle as big and small boats. Big boats can withstand the wind and waves, while small boats can only drift with the current."

The boss asked Fan Zhipeng for advice, and Fan Zhipeng emphasized the importance of scale.

“That makes sense! However, building a new production line takes a long time, so it’s better to acquire an existing factory. Mr. Fan, keep an eye out for acquisition opportunities, and don’t let them slip by.”

After thinking it over, the boss decided to adopt the model of acquiring an existing lock factory.

If you can successfully acquire a lock company, you will gain not only production lines, but also the other party's technology and sales channels.

However, these kinds of things require a bit of luck; if you just go to their door, you'll only get ripped off.

"Boss, what a coincidence! I heard that Mr. Wu's lock company is planning to sell. He wants to change industries, but the cost of the acquisition is not low."

Fan Zhipeng quickly reported the situation to his boss, who couldn't help but laugh after hearing it.

"Then you go and talk to them on behalf of the company. If the funds are insufficient, I can try to borrow from outside."

The boss felt this might be fate; he had just been thinking of expanding the company when a ready-made acquisition opportunity presented itself.

However, he also understood that for his company to acquire Mr. Wu's lock company, given its size, would be like a small fish eating a big fish, which would not be easy.

After discussing their plan, the two split up and took action. The boss's attempts to borrow funds were unsuccessful, but Fan Zhipeng's loan application for Mingguang Locks went smoothly, and he quickly secured a loan of over ten million yuan.

As a result, Mingguang Locks and Xianfeng Locks ran into trouble while negotiating with Mr. Wu.

The owner of Xianfeng Locks was unaware of any matters related to guarantees, loans, etc., and nobody knew what Fan Zhipeng was up to.

Fang Wei's family spent a week traveling in and around Chengdu before saying goodbye to Xiao Jie and flying to Guangzhou. They had left their car with Wu Tianming on their way there, and after picking it up in Guangzhou, they headed straight for Fragrant Hills.

He planned to stop by to check on the progress of the hardware factory's landing in Xiangshan, and also to visit Zhang Wenyuan and Yu Hao.

When the group arrived at Fragrant Hills, Lu Zhiwen and Zhang Wenyuan were waiting for him. Lu Zhiwen, in particular, had something to discuss with Fang Wei, as he also wanted to acquire Boss Wu's lock company.

Mr. Wu's lock company is not only large in scale and technologically advanced, but also has relatively good foreign trade sales channels.

That evening, everyone had dinner together. Besides Fang Wei and others, Zhang Wenyuan, Yu Hao, and Lu Zhiwen were also present.

Lu Zhiwen was too embarrassed to talk about work during the meal. After finishing the meal, he took Fang Wei and the others back to their hotel, and then told them his thoughts.

"Manager Lu, have you discussed this matter with the company?"

Fang Wei felt that although the other party's idea was a bit radical, it was also in line with the current situation.

Competition in the lock industry in Xiangshan is particularly fierce, and even Xiangyang Locks is feeling considerable pressure. Acquiring an established company is a good way to expand rapidly.

“I have submitted a report to the company, and General Manager Cai said that a meeting will be held in the next two days to discuss this matter.”

Lu Zhiwen wanted to save as much time as possible, so when Fang Wei arrived in Xiangshan, he took the initiative to talk to him about the acquisition.

"Leave a copy of the report. I'll take a look at it tonight when I have some free time, and we can discuss it in detail tomorrow."

Fang Wei did not express his opinion on the spot. The other party left a report and then took his leave.

Pan Lianhua didn't understand acquisitions very well. That evening, Fang Weiyi explained it to the other party while reviewing the report, and only then did she understand what was going on.

"According to the report, Mr. Wu's company is worth acquiring. The key is the acquisition cost. If the cost is too high, it is not worth acquiring. We can still go back and negotiate."

Fang Wei agreed to the acquisition in principle, but they still had to wait for Yaoling Agriculture's decision.

the next day.

He went to the electrical appliance group company early in the morning to inspect the work, visited several factories, and was very satisfied.

Listed companies are different; every aspect is well-regulated, and there are oversight mechanisms at key points to prevent major shareholders from infringing on the interests of minority shareholders.

He ate lunch at the company cafeteria. Pan Lianhua took her older sister shopping early in the morning, and they would have lunch outside.

During the meal, Lu Zhiwen approached Fang Wei with the company's approval document.

"Manager Lu, are you trying to prevent people from eating in peace? Have you even eaten yet?"

Fang Wei looked at the other person helplessly and asked casually.

"I came to find you with the company fax, and I haven't even had a chance to eat yet."

Lu Zhiwen spoke the truth, which earned him a big eye roll from Zhang Wenyuan.

However, he still had someone bring Lu Zhiwen a meal, and Fang Wei ignored him and ate her meal at a leisurely pace.

After finishing his meal, he took the fax from the other party and glanced at it. The company had agreed to the acquisition plan of Xiangyang Locks.

Fang Wei didn't waste any time and immediately signed his agreement.

Lu Zhiwen quickly thanked him and then ran off as if he had inexhaustible energy.

"This Manager Lu is really impatient."

Zhang Wenyuan didn't inquire about the acquisition, but he did develop a liking for Lu Zhiwen.

He wasn't actually familiar with the other party, since Xiangyang Locks had only been in Xiangshan for a short time, and the two had only met a few times.

"There's no use rushing these things. In acquisition negotiations, you have to be patient. Whoever is impatient will lose."

Fang Wei had no intention of personally participating in the negotiations. After all, the final plan required the company's and his approval, so he just needed to ensure it was approved. There was no need for him to do everything himself.

Subsequently, Lu Zhiwen personally led a team to Mr. Wu's company to make initial contact.

When he arrived at the other party's territory, he discovered that two other companies had already gotten there first and were planning to acquire Mr. Wu's lock company.

Fan Zhipeng and his boss looked at each other in bewilderment, but Boss Wu was overjoyed. Competition was good; only with competition could he sell the company for a good price!

"Ladies and gentlemen, I'm really sorry, but let me introduce myself."

Mr. Wu chuckled to himself and introduced the three companies to each other.

Of course, he still adhered to principles and wouldn't bring all three parties together for negotiations. If he did, it wouldn't be a negotiation; it would be an auction. (End of Chapter)

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