Journey 1995:Non-Stop

Chapter 398 Eat First

The olive branch Yan Hui extended wasn't actually that thick.

If the factory's profit is still three to four million a year, then a 3% profit margin would only amount to 100,000, and the annual income would still be around 300,000, which isn't worth the price. Moreover, the house is supposedly a free gift, but the transfer of ownership won't happen until three years later, which is quite a long time.

In other words, the two wouldn't agree if they didn't believe in the expectations Yan Hui mentioned. Don't be fooled by the 3% stake; such shares are always subject to contractual restrictions. If they take the shares, they must work for at least three years. And how many three-year periods does one have in a lifetime?
Three years is too long. These two have had enough of being here for three years. It's not that difficult for the controlling shareholder of the company to squeeze out the minority shareholders. This scene has been playing out repeatedly recently.

“President Yan, you have promised us shares, which is certainly a good thing for us. However, I would like to ask what the company’s shareholding structure is like? Besides you and the two of us, who else is a shareholder?” Dai Lingfeng asked proactively.

“I own 100% of the shares, and then I’ll give each of you 3%, meaning our three parties will each own 94%, 3%, and 3% respectively. There won’t be a fourth shareholder. As for Mr. Zhou, who brought you here today, I’m going to take back all his shares,” Yan Hui explained.

"Is President Yan so determined?" Xu Jinze frowned, clearly not so calm.

Both of them were over 40 years old and had witnessed many things over the years. They were well aware of how powerful Yan Hui's shareholding structure was and how valuable such shares were. This kind of powerful and resourceful outside capital had absolute control, their primary goal was to make money, and they wouldn't be hindered by anything. With such shares, as long as the factory operated smoothly, they would never have to worry about dividends.

"You don't understand me. This has always been my style. If I'm going to do something, I don't wait. Besides, I can take out 20 or 30 million yuan anytime; I don't need to wait. As for the market, as long as the product is excellent, I can capture the market." Yan Hui was full of confidence.

With the real estate industry booming and steel production capacity breaking new records year after year, how could there be a lack of confidence in the incremental market? As for when the development of the real estate industry will stagnate, Yan Hui cannot see it for the time being.

After Yan Hui said that, the two fell silent again, not knowing what to say.

Faced with an expected annual income of 80, the previous arrogance no longer seems so arrogant.

“You don’t need to agree to this today. Because I haven’t bought the company yet,” Yan Hui said, seeing their hesitation, and decided to give them more time. “But I want to hear your thoughts. If, within our estimated timeframe, you are still determined to leave without hesitation, then I hope you can tell me now, and I will abandon the acquisition. If you feel that what I say is feasible and you would be interested in staying, then I will consider the acquisition soon. I am confident that I can come up with 2000 million in cash to fully acquire the company within a month, demonstrating my sincerity. If I can demonstrate this sincerity, I hope you will consider staying then.”

“Mr. Yan, you’ve put it this way. It seems we have no reason to refuse. I’ll also state that as long as Mr. Yan can fulfill his promises, I can resolve my family issues,” Dai Lingfeng said immediately.

"I should be fine by then." Xu Jinze didn't know how to refuse.

They're still hesitating about changing jobs, while someone else is willing to invest 2000 million? If they're still dragging their feet at a time like this, they've wasted their lives. As for the family matters, honestly, getting more money has already solved everything.

“Well, I see your initial sincerity. Now, I have one more crucial question to discuss. This factory uses land belonging to the village. If we introduce automated equipment, will it significantly reduce the workforce? If so, I'm worried that the villagers might object.” Yan Hui's thinking was quite comprehensive.

The factory currently employs sixty or seventy villagers, which is the core reason why the factory is able to occupy village collective land.

“We expect to triple our production capacity, so although some steps may be replaced by automated production lines, the actual number of people needed will only increase, but not by much. As long as it's still in the logistics sector, we estimate we'll need to buy a couple more forklifts,” Dai Lingfeng explained. “Hmm, that makes me feel more at ease,” Yan Hui nodded.

Once he takes over the factory, all he needs to do is raise each villager's salary by 200 yuan, costing an extra 20,000 yuan a month, to gain everyone's support. He will continue to improve villager welfare and distribute more gifts during holidays. In this way, he won't have to worry about village leaders or old shareholders interfering.

Especially during the Lunar New Year, if Yan Hui could allocate an extra 20 yuan to distribute 2000 yuan worth of holiday supplies to each villager, the villagers would undoubtedly support him wholeheartedly. Any previous shareholders who tried to cause trouble would likely be beaten up. After all, these villagers have a comparison to make.

If he treats his employees well when he starts a new company, they don't really feel it. But if he takes over this kind of company and then reforms the compensation system, everyone can see through it.

At this point, Yan Hui took out his phone and called Zhou Ping: "Invite President Zhou and the drivers over, start cooking, and let's eat first."

After waiting outside for twenty minutes, when Mr. Zhou and the others entered the room, he suddenly found Yan Hui and two technicians chatting and laughing.

Upon seeing this, President Zhou almost rubbed his eyes.

He simply couldn't believe the reality of what he was seeing. You see, it was already incredibly difficult for him to get these two people here today. If it weren't for his usual polite manners and the fact that Dai Lingfeng had previously accepted a gift from him, he definitely wouldn't have been able to get them here at this crucial moment.

Just 20 minutes ago, these two technicians were acting like they wanted to stay away, but now they're having tea together in a friendly manner.

"President Yan, what's going on here?" President Zhou couldn't help but ask.

"Whether things work out or not, we still need to eat. Also, I'm truly grateful for Mr. Zhou's help, and I hope he can continue to assist us in the future." Yan Hui stood up and invited Mr. Zhou to sit down.

President Zhou brought a driver, and Yan Hui also had Zhou Ping and a driver. This was something Yan Hui did on purpose.

Normally, he wouldn't invite his driver to the table for meals, since a driver's job is to drive, and it's not good for them to know too much about the leaders' affairs. But today, Yan Hui didn't want to talk about internal matters, so he deliberately invited all the drivers.

This meal is destined to be a chat about everyday family matters; what exactly you can glean from it will depend on Mr. Zhou's ability to discern the truth.

Anyway, let's eat first.

(End of this chapter)