Becoming a Rich Man from Siberia

"But now you are looking for us to buy shares!"

"It's not that we have to sell it to you!"

Vladimir's momentum was a little speechless due to Ye Feng's series of oppressive statements. He moved his mouth twice before saying this.

But Ye Feng would not fall for such a low-level language trap.

"Ha, yes, I am the one who wants to buy the shares, but it will only benefit you and not harm you, right?"

"I think Korolev has already told you my conditions, but you still want more, right?"

"But I don't have to acquire your Red Star. I can use the money from acquiring you to start a new business, right?"

"But what about you? You can’t do that. All your money is rotting in the Red Star Processing Factory. They are shares, they are paper, but they are not money!"

"So I think that only if you agree to my conditions can your shares be converted into money, and then you can use the money to do other things you want to do."

Ye Feng continued to persuade the few people, undermining their confidence in the negotiation.

In fact, it was not a big deal. Now these people still have dividends every year, because Red Star has not reached the point of insolvency, but there is not much left after deducting the interest on the debt.

But the reality is that Red Star is also moving towards insolvency, which is also one of the reasons why the shares in their hands are depreciating step by step.

Several rhetorical questions made the people in front of him fall into silence.

Ye Feng had no sympathy for them, they just accidentally took a wrong step when Luosha state-owned enterprises were restructured.

After a long silence, Vladimir finally said:

"Well, Mr. Ye, we agree to sell our shares, but the Irkutsk authorities have not allowed us to merge our shares."

"How do you solve this problem?"

Ye Feng laughed and said:

"As long as they are willing to sell, you don't have to worry about the official."

Ye Feng gestured to Vera, and Vera took out a document from the folder in front of him and handed it to Vladimir.

Korolev had not spoken, but now he leaned over to look at the document.

It was the approval document of the Irkutsk State Government agreeing to Ye Feng's equity merger with Red Star!

Not only that, it also mentioned that Ye Feng could work with the Irkutsk government to reform Red Star!

Red Star is going to be gone!

Korolev, Vladimir and others only had this idea in their minds!

In 2015, the state-owned restructuring of Luosha did not go smoothly, but I didn't expect that it would finally be resolved this time!

Vladimir finally understood why Ye Feng was so strong, because he had the qualifications!

After circulating the document, he returned it to Vera, and then looked at Ye Feng deeply.

He uttered:

"Mr. Ye is amazing. It seems that we old guys should really learn from you!"

Ye Feng said politely:

"You are welcome. As far as I know, you have also contributed to the Red Star Processing Factory. Now that the Red Star Processing Factory can get a raw cotton outcome, I believe you are all happy!"

Korolev continued:

"Yes, Mr. Ye, we have been working in the Red Star Processing Factory since we were young. We have been working hard and have experienced great changes, including the decline of Red Star, the restructuring, and now the decline again."

""I didn't think you would act so quickly a few days ago. I didn't expect that the Red Star Processing Factory would be gone soon!"

Then several people began to discuss the details. Some of them even proposed to take up positions in the restructured Red Star Processing Factory.

Ye Feng naturally did not allow it. He had made an exception by agreeing to Korolev.

If these people all took up positions, then Red Star would not be his own company at all.

……

Three hours later, everyone finally came out of the conference room.

The five people including Korolev held a total of 44% of the shares, and together with the Luosha official, it was 90%, and the remaining 10% of the shares were in the hands of the workers.

Korolev and Ye Feng had a private agreement that Haizi Farm would bear 60% of Korolev's debts, while the others only had 30%.

With this calculation, Ye Feng would eventually buy back the 44% shares for 600 million rubles.

A mere 60 million RMB!

However, in reality, there was no need to pay 600 million rubles, but to transfer the debt first, put it in the bank first, and repay it with the subsequent turnover.

He only needed to pay 300 million rubles to several shareholders!

……

After Ye Feng finished talking, he felt that this operation was inexplicably familiar?

It was just that Ye Feng's conditions were indeed generous, which would save the Irkutsk government a lot of trouble.

There would be no layoffs, and the Irkutsk government's debts would be stripped off.

For the Irkutsk government, it was simply perfect!

Ye Feng treated several people to a sumptuous lunch, and then asked Vera and Chris Farah to go to Irkutsk with them to prepare to sign the contract in the afternoon.

Then the Irkutsk government would transfer the debt, and the entire Red Star Processing Plant would belong to Haizi Farm!

And Haizi Farm's shares would reach 77%!

Two days later, the restructuring of the Red Star Meat Food Processing Plant was fully completed!

The Red Star Meat Food Processing Plant has now become a processing plant affiliated to Fengye Food Co., Ltd. It is controlled and operated by Haizi Farm.

Ye Feng will further inject capital to dilute the official shares.

Korolev will serve as the manager of the processing plant.

Fengye Food Co., Ltd. was established when it was selling pine nuts, and all the food exports of the farm are now undertaken by the Fengye brand.

So it is only natural that Red Star is included under this brand.

Ye Feng originally wanted to change the brand of Red Star, but thinking of the workers' emotions and the market's acceptance, he did not change it.

Moreover, Red Star's intention is good. If it can be independent in the future, it will also attract more attention when exporting to the domestic market.

The last step is that Ye Feng put Vici in Fengye Food Co., Ltd. as the marketing manager. Although he is the marketing manager, his main task is to connect with Red Star.

Vici is required to master all the work of Red Star as soon as possible, and every link must be mastered in depth!

If you don't understand the business, ask Vera for advice.

This is what Ye Feng said to Vici a few days ago that there are other important arrangements!