Reborn as a Noble's Son

\u0026nbp;\u0026nbp;\u0026nbp;\u0026nbp;Nie Zhenbang’s words made several leaders of Hongjiang Textile Factory excited. When they looked at each other, they all saw an excitement in each other’s eyes. This time, Hongjiang There is hope for the structural reform and transformation of textile factories. With Secretary Nie's support, will this be far away?

\u0026nBP; The leaders are also there, plus several factory leaders from the Hongjiang Textile Factory. There are many people. At this time, the leaders will naturally not speak first.

\u0026nBP;

\u0026nbp;\u0026nbp;\u0026nbp;\u0026nbp;This kind of thing is also normal. Generally, the more important the leader, the more senior the leader, the speech is left to the end.

\u0026nbp;\u0026nbp;\u0026nbp;\u0026nbp; After pondering for a moment, Nie Zhenbang said with a smile: "Old Song, as the Party Secretary and Director of the Hongjiang Textile Factory, I believe you are the most familiar with the affairs of the Hongjiang Textile Factory. As a Party concerned, your opinion is very important. This is a voice from the grassroots. Please tell me what your current thoughts are on the Hongjiang Textile Factory."

\u0026nBP; The deputy department level of the Eight Classics.

\u0026nbp;\u0026nbp;\u0026nbp;\u0026nbp;Of course, among the people present, there were people with lower positions than him, such as several deputy directors of Hongjiang Textile Factory. However, on this occasion, these people were not qualified to speak. Song Zhongguo is the most appropriate representative.

\u0026nBP;

\u0026nbp;\u0026nbp;\u0026nbp;\u0026nbp;"Previously, regarding the issue of corporate structure reform of Hongjiang Textile Factory, the factory also held many factory committee meetings. Several staff meetings were also held to solicit the opinions of all employees. Overall, everyone still has a deep affection for the factory. We still prefer joint-stock reform. Every employee participates and truly becomes a part of the company." Song Zhongguo thought for a while and said these words.

\u0026nbp;\u0026nbp;\u0026nbp;\u0026nbp;Song Zhongguo is undeniably a good leader, but a good leader may not necessarily be a capable leader. Objectively speaking. The textile industry is in recession. The backward products are the fundamental reason why Hongjiang Textile Factory is on the verge of bankruptcy. However, this may not be a sign of incompetence on the part of the leadership team.

\u0026nbp;\u0026nbp;\u0026nbp;\u0026nbp;Song Zhongguo also had some thoughts about these words. He made it clear at the beginning that this was the opinion discussed by the factory committee and the workers' meeting, not his personal thoughts. Even if what you say is wrong and does not conform to the above thoughts, there will be nothing wrong with it. Although the leader felt uncomfortable, he would not blame him.

\u0026nbp;\u0026nbp;\u0026nbp;\u0026nbp;Song Zhongguo finished speaking. Next to him, Liu Qing, director of the State-owned Assets Supervision and Administration Commission, frowned and raised his hand: "As for the restructuring of Hongjiang Textile Factory, a lot of work has been done in the past two years, but it has not been finalized. The main reason is, It’s still because of the issue of state-owned assets.”

\u0026nbp;\u0026nbp;\u0026nbp;\u0026nbp;When Liu Qing said this, he glanced at Song Zhongguo, as the boss of the State-owned Assets Supervision and Administration Commission. There are still many dealings between Liu Qing and Song Zhongguo, and the problem of Hongjiang Textile Factory is also Liu Qing's biggest headache.

\u0026nbp;\u0026nbp;\u0026nbp;\u0026nbp;As he spoke, Liu Qing explained: "As of the statistics at the end of last year, the total assets of Hongjiang Textile Factory include factory land, equipment, technology and other assets, with a total value of 1.37 billion, of which The land value of the three factory areas of Hongjiang Textile Factory plus the family area is 1 billion. This can basically be excluded. However, Hongjiang Textile Factory has accumulated loans over the years, including commercial loans and policy loans, with a total amount of It’s as high as 1.63 billion yuan, which can be said to be completely insolvent.”

\u0026nbp;\u0026nbp;\u0026nbp;\u0026nbp;As soon as Liu Qing said what he said, Nie Zhenbang's face suddenly became solemn, a little unbelievable. 1.63 billion. How did this figure come out on loan?

\u0026nbp;\u0026nbp;\u0026nbp;\u0026nbp;Nie Zhenbang also frowned and said: "So many? How could this happen? This is completely insolvent."

\u0026nbp;\u0026nbp;\u0026nbp;\u0026nbp;Nie Zhenbang’s words made all the leaders of Hongjiang Textile Factory show a hint of embarrassment on their faces. Liu Qing seemed very calm on his side. Liu Qing was completely wrong about the situation and the person.

\u0026nbp;\u0026nbp;\u0026nbp;\u0026nbp;Looking at Nie Zhenbang, he said: "Secretary Nie, the domestic textile industry has been in recession since the 1990s. From the beginning of the year to the present, in the past fifteen years, the total amount of loans has accumulated to 1.63 billion. Among them, 980 million are government-guaranteed policy loans and 650 million are commercial mortgage loans. This is based on the land and equipment of the Hongjiang Textile Factory. The collateral was borrowed one after another, and the earliest commercial loan was five years ago, which was 120 million, and it expired this year."

\u0026nbp;\u0026nbp;\u0026nbp;\u0026nbp;After hearing Liu Qing’s analysis, Nie Zhenbang basically understood that it seemed that this loan might be a lot. However, if you really calculate it, it is not much. In the past fifteen years, evenly distributed, it will be a little more than 100 million per year. This includes technological transformation, introduction of equipment, and hoarding of raw materials and products, not to mention too much. Over the past fifteen years, four to five billion must have been consumed. The remaining 1.2 billion. On average, the amount is 80 million per year.

\u0026nbp;\u0026nbp;\u0026nbp;\u0026nbp;The Hongjiang Textile Factory has 12,000 employees, including retired and current employees, which is not a lot. Calculated based on RMB 500 per person per month, one month's salary expenses are six million, and in one year, that's seventy-two million. This does not include medical insurance and social security payments. In fact, this data can only be larger.

\u0026nbp;\u0026nbp;\u0026nbp;\u0026nbp;No wonder Liu Qing objected. If this is the case, then Hongjiang Textile Factory must be cautious about the issue of shareholding reform. If we want to carry out shareholding reform, this 1.63 billion loan is an unavoidable hurdle.

\u0026nbp;\u0026nbp;\u0026nbp;\u0026nbp;Moreover, sometimes, it’s not enough to just be motivated. The simplest example. Even now in the Hongjiang Textile Factory, every employee is willing to raise funds. How much can a family raise? The employees of the Hongjiang Textile Factory have a difficult life. How much savings can they have? Even if they borrow from relatives and friends, each person can raise 10,000 yuan. No, that's only 60 million. This little money is not enough to start the project. Also, what is the direction of the product? How to sell, these are all issues that need to be considered. You can't just store the product savings in the warehouse after construction starts. In that case, what's the point of joint-stock reform?

\u0026nbp;\u0026nbp;\u0026nbp;\u0026nbp;After pondering for a moment, Nie Zhenbang raised his head and said, "Governor Heirloom, do you have any opinions?"

\u0026nBP; For Liu Qing, from the perspective of the State-owned Assets Supervision and Administration Commission, the joint-stock reform is indeed uneconomical. It involves so many loans and the loss of state-owned assets. This is an issue that cannot be ignored.

\u0026nbp;\u0026nbp;\u0026nbp;\u0026nbp;From his point of view, he is more inclined to introduce investment capital. On the one hand, the problems of the employees of Hongjiang Textile Factory can be solved, and on the other hand, the loan problem of Hongjiang Textile Factory can be solved.

\u0026nbp;\u0026nbp;\u0026nbp;\u0026nbp;However, Zhou Chuanjia knew very well that this method would inevitably be fully opposed by the employees of Hongjiang Textile Factory. At this moment, it was very difficult for Zhou Chuanjia.

\u0026nBP;

\u0026nbp;\u0026nbp;\u0026nbp;\u0026nbp;Immediately, Zhou Chuanjia said: "Secretary Nie, overall, judging from the wishes of the employees, I still prefer the joint-stock reform."

\u0026nBP; In terms of loans, at present, the most important thing is the 120 million yuan due this year. This needs to be repaid by Hongjiang Textile Factory. Coupled with issues such as resumption of work and workers' living security, this investment, at least, We need about 300 million yuan of funds. How will this fund come from? This is an issue worthy of attention."

\u0026nBP; Within the jurisdiction of Red City, household registration relations and municipal administration are still under the jurisdiction of Red City. Do you have any good suggestions?"

\u0026nbp;\u0026nbp;\u0026nbp;\u0026nbp;After Wen Guobao was transferred, as Wen Guobao's in-laws, Yao Dingguo became a loner in the Hongjiang Provincial Party Committee. Cooperating with Nie Zhenbang was something Yao Dingguo had to choose.

\u0026nBP; The State-owned Assets Supervision and Administration Commission, the Department of Finance, the Audit Department and other units jointly formed a working group to reassess and audit the assets of Hongjiang Textile Factory. In the end, the assessed assets were added to the estimated investment of 300 million. For example, if the assets are 1.4 billion, then the total is 1.7 billion, which can be converted into 1.7 billion shares. Then, based on the principle of individual voluntariness, employees of Hongjiang Textile Factory are subscribed. Here, a state-owned asset is set The proportion of reserved shares. The shortfall can be considered to introduce investment. In this way, I believe there will be no problem in terms of loan repayment. In addition, a new board of directors and management will be established. I think this is better."

\u0026nBP;

\u0026nbp;\u0026nbp;\u0026nbp;\u0026nbp;Song Zhongguo’s words immediately made Nie Zhenbang frown. Nie Zhenbang was very satisfied with Yao Dingguo’s opinion. On the one hand, he fully considered the mood of the employees of Hongjiang Textile Factory. In addition, he introduced investors. It can also better promote the development of enterprises. Otherwise, with the current team, no matter what they do, they will just change the soup without changing the medicine.

\u0026nbp;\u0026nbp;\u0026nbp;\u0026nbp;Immediately, his face darkened and he said: "Old Song, what do you think is the appropriate restructuring?" To be continued. If you like this work, you are welcome to vote for recommendations and monthly votes. Your support is my biggest motivation.