Journey 1995:Non-Stop

Chapter 387 Construction Planning
Everyone walked to the car, ready to get in and leave. Mr. Zhou was in a bad mood, but he couldn't show it.

If Yan Hui hadn't been here today, he definitely would have had a good fight with Lao Pang, maybe even a full-blown brawl!
Such a blatant undervaluation of the stock price is a complete insult!
"President Zhou," Yan Hui suddenly called out to President Zhou, who was about to get into the car.

"Hmm? Mr. Yan, what's the matter?" Mr. Zhou released the doorknob and walked towards Yan Hui.

“This factory has a good foundation. If there’s an opportunity to acquire it entirely, I’ll consider it. In that case, I can value your shares based on the factory’s valuation of 2000 million, which is 140 million.” Yan Hui extended an olive branch.

"Huh? You're still considering a full acquisition?" President Zhou asked, somewhat surprised.

"Well, but not now. On the one hand, I need to continue my investigation, and I will do it in my own way; on the other hand, the current equity structure problem is not prominent enough. If I rashly acquire it, and the first few sell to me while the later ones hold onto their shares, it wouldn't make sense. If everyone wants to sell before July this year, I will indeed seriously consider it." Yan Hui left his sentence unfinished.

The two technical managers left at the end of July, and if Yan Hui wants to buy the factory, he must do so before they leave. As for how to retain them, Yan Hui isn't worried; it's not difficult.

"I understand." For some reason, President Zhou instantly understood Yan Hui's thoughts.

"Yes, that's the idea. I'll wait for Mr. Zhou's news later." Yan Hui nodded and called Zhou Ping to get into the car.

If Yan Hui wants to take over this factory, he needs to own at least 90% of the shares. The remaining 10% can be left to the village or the technical staff, but he will not leave it to General Manager Zhou.

Yan Hui knew very well that President Zhou's initial investment was aimed at gaining access to the company's customer base and expanding it for his own company. This was understandable; anyone willing to invest always had their own motives. However, if Yan Hui were the boss, he certainly wouldn't want such a person to exist.

Once in the car, Yan Hui pretended to be asleep, carefully pondering the details of what had just happened.

No, we can't give the village shares. If we give them shares, the village will know the factory's profits, and if the profits are too high, there will be a lot of trouble later. However, we can appropriately increase the amount given to the village, whether it's rent or other expenses. In addition, the factory can spend money to level the nearby roads; as long as it doesn't have to be paved, it won't cost much.

Moreover, the road surface can be repaired and patched every day; it cannot be hardened. Once it is hardened once and for all, it will also cause problems.

Zhou Ping sat in the car without saying a word from beginning to end. On one side was his boss, who had been incredibly kind to him, and on the other was his own uncle. He knew that siding with either side would be wrong, so he decided to remain silent. Of course, remaining silent was tantamount to siding with Yan Hui.

The car slowly drove back to Jinan. Yan Hui dealt with the work at the chemical plant and then inspected the construction of the office building.

With Li Pengfei keeping an eye on things here, Yan Hui doesn't really need to worry about it.

"President Yan, we plan to start construction on the east workshop on May 1st, and by then this area will be basically completed," Li Pengfei said.

"Have the plans for the canteen and dormitory been approved?" Yan Hui asked.

"It's approved. We've maintained a good relationship. The planning bureau looked at our plan but didn't say much," Li Pengfei replied.

The land Heng Hui Chemical bought is industrial land, and building a dormitory building on this type of land will be somewhat troublesome in terms of approval. This is because it must be proven that the dormitory is for the company's employees to live in, and not for building residential buildings. Yan Hui's office building already has a dormitory on the third floor; once this new dormitory building is completed, the entire office building will be vacated, and the office building will have to be completely locked at night.

In addition, part of this building will be dormitory-style affordable rental housing and talent apartments, with some compact two-bedroom apartments. At that time, most of the company's senior executives will have one.

"We'll build the east workshop, dormitory building, and canteen together. By this time next year, our company will be completely transformed." Yan Hui looked at the empty space, pondering the next steps.

This land could at least support two more large workshops, but there's really no need for them now. Once the canteen, dormitories, and office buildings are all completed, the company will also set up a small shop. Don't underestimate this small shop; I bet many people will want to run it. You see, Heng Hui Chemical offers good benefits, and the workers and sales staff have considerable spending power. Plus, the drivers who deliver goods are also good customers.

"Um, Mr. Yan, you're not planning to have me supervise the construction indefinitely, are you?" Li Pengfei suddenly thought of something.

Being a driver for a leader is definitely more promising than being a supervisor!

"No, Jianlei can supervise the construction later. Recently, the main focus has been on the detailed renovation of the office building, and he's a rough guy." As Yan Hui was speaking, a phone call came in; it was from Wang Yongjun.

Yan Hui said goodbye to Li Pengfei and started talking to Wang Yongjun.

Recently, a new real estate project has been put out to tender. It is said to be developed by a developer in the south. The tender requirements stipulate that raw materials from top-tier steel mills must be used, and the tender price must be higher than the market price.

Wang Yongjun inquired and found that the "first-tier steel mills" mentioned by the bidding unit included Laiwu Steel and Jinan Steel.

"The tender documents didn't specify the steel mill's name? They only mentioned first-tier steel mills?" Yan Hui found this interesting. "Are the developers from the south unfamiliar with this area?"

"They're probably unfamiliar with the project, so their requirements are quite high. The tender documents also state that there's no advance payment after the bid is awarded; payment is made 30 days after the goods arrive at the construction site and pass inspection. I think this real estate company doesn't really trust projects in Jinan, hence their high standards. But based on current information, they have very high quality requirements; apparently, they're planning to build a high-end residential complex," Wang Yongjun said.

"Where is it located?" Yan Hui asked.

"On Erlong Road, it's about 600 meters west of Rongsheng Plaza."

"Over there? Isn't that the shopping mall that foreign investors built before?" Yan Hui was quite familiar with this place. He had met a rich second-generation here before and made a lot of money doing business with him. "This place is a bit remote. They're building a high-end residential complex here. But it's not impossible. After all, that foreign-invested project sold quite well and can be considered a high-end complex."

“Yes, that’s what I meant too. They’re not bidding on a lot of steel. This project isn’t big, only 4 square meters in total, with 6 low-rise buildings. They need 2400 tons of steel, and they require delivery within three months, which is about 800 tons per month, or around 300 million yuan. My question is, could I practice and submit a bid?” Wang Yongjun said expectantly.

“No, I want to be personally responsible for all aspects of the bidding process.” Yan Hui rejected Wang Yongjun’s suggestion. “I’ll go over and take a look tomorrow.”

(End of this chapter)