Journey 1995:Non-Stop

Chapter 400 Taking Over the Tile Factory!
The core reason for the chaotic pricing is that no one wants to be taken advantage of.

Even new buyers don't want the other party to take advantage of them; that's human nature.

Therefore, when Yan Hui, an "outsider," appeared and was willing to spend 2000 million, everyone felt that they should act quickly and no one thought that Yan Hui could get a good deal.

About three days later, President Zhou "laboriously" completed his task and invited the "sucker" President Yan over. All the major shareholders were present, and the two shareholders who were unable to attend had signed the entrustment agreement in advance.

Everyone was incredibly warm and polite. Shareholder Wang C even brought over several of his own factory's key technical personnel, all of whom had excellent theoretical knowledge. In Wang C's view, if Yan Hui asked some technical questions, he would be very satisfied.

Yan Hui arrived at the banquet alone with his driver, deliberately appearing somewhat arrogant and boastful, which greatly pleased the shareholders, who all went along with his words. Throughout the banquet, Yan Hui didn't ask any technical questions, seemingly uninterested. His questions were all about scale, output, profit margins, and market conditions.

In short, Yan Hui thoroughly enjoyed the meal. Everyone doted on him, and the village leaders and shareholders immediately granted his requests regarding the village.

Everyone signed the contract right there at the dinner table. Yan Hui had Zhang Tiemin review it, and any minor issues were fixed and revised on the spot. Then everyone signed and stamped the contract. Shareholders who couldn't attend can sign it tomorrow morning.

After the contract was signed, everyone breathed a sigh of relief.

These troubled shareholders were all able to extricate themselves and happily take millions of dollars in cash to do other things. The new shareholders even made money.

The price of 2000 million yuan included everything for the factory. Yan Hui signed the contract in great detail. At the same time, he also renewed the land lease agreement with the village for another 15 years.

According to the contract, Yan Hui was required to complete the transfer within 10 working days after the contract was signed, and Yan Hui readily agreed.

Such financial strength makes many people feel inferior. In business, you must respect money; someone who can come up with so much money is definitely not an ordinary person.

Some people believe that Yan Hui can revive the company and greatly increase profits, but everyone is too exhausted at the moment and just wants to withdraw.

It's fair to say that if Yan Hui doesn't buy now, everyone will be in even more trouble. In three months at most, the company won't even be worth 17 million. But Yan Hui doesn't want to wait because he knows that if he drags it out for three months, the company's market will shrink by more than half. Losing such a large market just to save 3 million is not worth it.

Everything went smoothly. After dinner, Yan Hui returned home and found two technicians the next day, explaining the situation. These two had already spoken with their families over the past few days, and in short, this was their chance to change their fate; both families were incredibly supportive. The fact that Yan Hui was willing to provide a house alone was enough to move everyone. This new boss valued technology!
Yan Hui prepared a simple agreement for the two people to sign. After the company was officially handed over, there would be a brand new agreement, and then the next step of planning would begin.

Buy houses for these two people, contact the business department to verify all current contracts, contact the equipment supplier to update the equipment, and compile statistics on all current employees.
At the dinner table, Yan Hui managed to retain Pan Chen, the current business manager, and keep him on the job. Pan Chen had previously worked for Lao Pang, but his business skills weren't particularly strong.

In the early stages, all the business of this factory was developed by the individual shareholders themselves. Pan Chen was mainly responsible for liaison and daily maintenance. He was quite capable, but like Wang Yongjun, it was not easy for him to expand the business.

Yan Hui spoke with Pan Chen privately and gave him a 20% raise, instructing him to continue handling the current inventory of tiles.

These stockpiled goods, worth four or five hundred thousand yuan, represent three days' worth of production capacity for this tile factory. What would be a headache for others, Yan Hui sees as a good thing. He plans to have the factory run its production lines at full capacity as soon as he takes over, stockpile as much goods as possible, and then complete the transformation and upgrading of the production lines in about a week.

Yan Hui has been incredibly busy lately, but fortunately, thanks to his efforts, Sun Lei finally agreed to come over and has already begun the resignation process. Sun Lei has good relationships with people at the bank and is also familiar with the leaders, so the resignation process was completed quickly, and the matter was approved in a meeting in a short period of time.

Yan Hui is a man of his word. He left the BMW to Sun Lei and then explained the situation to the company, which shocked everyone in the company.

The boss even sent out a private car; who is this person?
Yan Hui didn't think much of it. After Sun Lei arrived, he worked with Wang Yongjun. He only needed to expand the business and bid on steel trade; he didn't need to worry about the rest.

With Chen Jian, Zhang Tiemin, Qing Lan, Song Zhiyuan, Zhou Ping, and others overseeing Heng Hui Chemical, Yan Hui didn't need to worry too much. He could focus most of his energy on the tile factory. Especially Xiao Song, whom Yan Hui trusted completely, and Xiao Song certainly didn't disappoint, managing the business line very efficiently.

In just one month, Yan Hui completed the equity transfer of the tile factory, purchased various equipment and forklifts worth 850 million yuan, built several temporary steel structure sheds, extended the production line from 100 meters to 120 meters, and recruited about 20 people.

The new product was launched soon. Yan Hui mainly produces interior wall tiles and small floor tiles, with a size of 30*45cm. It's not that he is incapable of producing large floor tiles, but rather that with his technical level, he can produce first-class interior wall tiles and small floor tiles. These are the markets he has been in before, so it would be unreliable to rashly produce immature new products.

Yan Hui's investments from Heng Hui Company were primarily financed through shareholder loans, with reasonable interest payments to Heng Hui Chemical. Because he held absolute control of Heng Hui Chemical, no one ever questioned this arrangement. Yan Hui has decided to continue distributing dividends at the end of this year, totaling approximately 30 million yuan to shareholders. Of this, he will temporarily waive 24 million yuan, while the remaining 6 million yuan for the three shareholders will be distributed as usual. In other words, the total dividends distributed to shareholders this year will equal the total investment for the year.

After completing the technological upgrade, the tile factory's production capacity quickly began to ramp up, and Yan Hui had already contacted many distributors in Jinan. Good products don't lack distributors, and given Yan Hui's exceptional status, seven or eight distributors in Jinan and Linzi soon signed distribution agreements with him. This agreement was somewhat similar to a primary distributorship for a steel mill, but it didn't require distributors to invest too much capital. Distributors could act as intermediaries, like secondary distributors, earning a certain profit margin.

(End of this chapter)