What the hell is a private enterprise?

Chapter 310 Aviation Machinery Factory (April 5600 Monthly Tickets)

The Shanghai Aviation Machinery Factory was originally an industrial school.

After obtaining the Boeing 707 wreckage, it was reorganized into an aviation machinery factory on the spot, and began to imitate the JT3D engine, which was domestically codenamed WS-8.

Thanks to the efforts of countless technicians, the aviation machinery factory successfully overcame the challenge of using new materials for the blades, achieving almost the same level as the original.

In addition to independently building a research and development team for aero-engines, the instruments, electronic devices, high-performance brake discs, and ABS systems used in the Y-10 were also produced by the aviation machinery factory.

However, with the arrival of the McDonnell Douglas 82 and 90 projects, the aircraft machinery plant fell into crisis:
The WS-8 project was terminated, and McDonnell Douglas did not intend to give them any more orders, only some small, miscellaneous parts. It was no longer the glory days it once was.

Their main business now is refrigeration compressors and car jacks, with annual revenue of less than 30 million.

For a factory with so many skilled technicians and such complete equipment, this is a pitifully small number.

Tang Wen stood outside the factory area, looking at the cluster of buildings.

Li Zhengyang and Lu Jun also rushed to Shanghai to assist in completing the acquisition.

Including their respective entourages, there were nearly ten of them, but they didn't go in directly. Instead, they walked around the factory area in a scattered manner, observing as they went.

Lu Jun couldn't hide his excitement: an airplane! An airplane!
Even if they don't settle in the Greater Bay Area, the motivation to improve their technology and the opportunity to become aircraft suppliers can generate huge cash flows.

If Gao Yuliang hadn't been so busy, he wouldn't have insisted on coming over in person to move the aviation machinery factory!

Through the gaps in the fence, Tang Wen nodded to himself.

Although the factory buildings and facilities are a bit old, the environment and personnel management look very orderly, which shows that the aviation machinery factory has not deteriorated and has been trying its best to save itself.

There were quite a few people coming and going in the office area, and judging from the appearance, the proportion of technical personnel was acceptable.
There were no traces of urination in the corners of the walls in the factory area, which deserves extra credit in this day and age;
The logistics area... has too few vehicles; it doesn't fit the factory's positioning at all.

Tang Wen and Li Zhengyang exchanged their observations, while Lu Jun's eyes lit up at all times; as long as they could move it back, it would be a great victory.

"Gentlemen, would you like to buy sunglasses? Genuine imported sunglasses."

They then came to a fairly lively street where many vendors were selling things.

Tang Wen glanced at them, selected the most expensive pair of sunglasses, and decided to experience the current trend.

"how much is this?"

"This costs ten yuan."

"Ten yuan? Is it made of gold?! Little Tang, don't buy it."

Lu Jun, who was distracted nearby, suddenly shouted and tried to snatch the sunglasses and put them down.

The vendor wasn't annoyed; instead, he asked:
"You're not from here, are you?"

Lu Jun looked wary: "What's it to you?"

"That's my business...catching spies!"

The vendor's voice suddenly rose in volume, startling everyone. Immediately afterwards, several burly security guards rushed out from a small gate in the wall and surrounded them. Workers who heard the commotion also ran over.

The vendors looked at them smugly:

"You're walking around here, constantly looking inside. Who else could you be but a spy?"
I'm telling you, we are the eyes of Factory 505!

After saying that, he snatched the sunglasses from Tang Wen's hand and wiped away the marks on them with some heartache:
"You have a sharp eye, but this is the only genuine product I have to show off."

Tang Wen: "..."

"Security department of the machinery factory, you'd better squat down right now!"

The burly man leading the group roared, causing Lu Jun to slap his head in frustration.

……

Aviation machinery factory, office building.

Fortunately, Liu Shen, the factory director, already knew that Tang Wen was coming and quickly cleared up the misunderstanding.

"I'm so sorry, Mr. Tang, this is really..." "It's alright, it just shows that the factory's security is good!"

Tang Wen waved his hand dismissively, showing no anger or desire for revenge, which made Liu Shen think even more highly of him.

When he heard the news of the acquisition, he wasn't as angry as other state-owned factory directors; he was just a little worried.

Tang Wen is the kind of person who can spend $30 billion to buy airplanes, and the purchase of the machinery factory is probably also for the purpose of supporting the MD11.

But in this era, private business owners are synonymous with heartlessness and exploitation; most of them are ruthless and cruel.

He's happy to continue doing his job, but he'll be unhappy if the factory is messed up.

Therefore, Tang Wen's character is very important; otherwise, he would also have to be responsible for all the factory's employees.

"Director Liu, how many aero-engine technicians does the factory still have?"

"There are more than 90 people, of whom more than 20 have participated in the WS-8 engine, but there are still 140 technical personnel in total, most of whom have intermediate or senior professional titles."

Liu Shen spoke with some pride about the engineers in his factory.

However, Tang Wen frowned, realizing that the number of people involved in developing the WS-8 turbofan engine was insufficient back then.

"Have many left? Or have they retired?"

"The people from back then were actually all seconded. When the project was terminated, most of them returned to their original units, and only a small number stayed."

Liu Shen could only explain that the entire aviation machinery factory was actually forcibly assembled because of Y10, with technical personnel drawn from all over the country to form the team.

It's already extremely remarkable that so many have survived to this day.

However, as long as the foundation is still there, rebuilding the team shouldn't be a big problem.

Tang Wen then inquired about their financial situation. Liu Shen had originally intended to use the projected revenue as a trick to inflate his value, but Tang Wen had already obtained their financial statements in advance, so he simply nodded silently.

According to the estimate given by Zhao Hande before he arrived, the factory's assets are now worth about 3000 million yuan, while the land is "worthless".

The company has been losing money every year, and has not only been in arrears on bonuses for nearly 10 years, but also has very low wages and owes the bank nearly 20 million yuan.

Based on this data, the investment made was not even as high as Gaijin Network's server purchase expenses in the first quarter.

Tang Wen saw that there were quite a few people in the office and gestured to Liu Shen:
"Shall we go to the factory and take a look?"

The others immediately stood up; it was time to appraise the value.

Liu Shen: "Okay."

As the wooden door opened, a series of hurried footsteps and a hurried figure came from around the corner.

Tang Wen:......

Liu Shen: "Hey, these... are all factory clerks, they just love... I'll definitely teach them a lesson later, they're too outrageous."

"Tsk."

Tang Wen nodded. This was a characteristic of state-owned factories in this era. The clerks were mostly relatives or family members, which was why they could be so bold.

He simply observed silently and began to carefully tour the factory.

Liu Shen and several senior engineers acted as guides, leading him on a tour of the entire place.

Although Tang Wen still saw many problems, compared to the hardware factory in Da Wan, this place was already a modern and well-organized large factory, and overall he was quite satisfied.

Putting aside other things, the car assembly line and transmission technology that would take half a year to set up in the Greater Bay Area could probably be done here in two months, and even better.

I have to buy it.

Under the pretext of getting some fresh air, he led Liu Shen away amidst the curious and scrutinizing gazes of others, stopping at the edge of the green belt.

Tang Wen: "There are currently two options for acquiring state-owned enterprises:"
One type is to buy everything from top to bottom, arrange the personnel's departure and retention, and resolve bad debts, which is a normal commercial merger and acquisition;
The second option is to first initiate bankruptcy liquidation, acquire the equipment and land, lay off the staff initially, then rehire the best candidates, and establish a new company from the ruins.

(End of this chapter)