Becoming a Rich Man from Siberia

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Feng hit the nail on the head.

Korolev looked embarrassed, but he immediately managed his emotions and said:

"That's what we said, but the interest we pay to the bank every year is actually not much, and as long as the processing plant has cash flow and operation, we can also use this loan to invest in larger production."

"On the contrary, if we lose the shares of this processing plant, then we will get nothing except a little money."

"Besides, my annual salary is quite considerable. Although it is a state-owned enterprise, the power granted to me by the government is also very large, and I am basically in charge of the operation."

Ye Feng laughed when he heard him say this:

"Mr. Korolev, do you think what you say is realistic?"

"First, if you want to invest the loan in the Red Star Processing Plant, the bank will not lend you money, because everyone knows the situation of the Red Star Processing Plant."

"If you want to borrow money to start a new business, the bank will not trust you. To be honest, you have no place to invest in the current economic situation of Rakshasa. Unless you have a huge background, then Rakshasa Bank will give you a loan."

"Unfortunately, as far as I know, you don’t, otherwise you wouldn’t be the manager of a processing plant here, right?"

"Secondly, if you like being a manager here, I can offer you some favorable conditions. For example, if I acquire your shares and I take control of the entire Red Star Processing Plant, I can still hire you as the manager here."

"And the salary will only be higher, not lower!"

Korolev opened his mouth wide when he heard Ye Feng's conditions. Even Vera and Fara beside him looked at Ye Feng with surprised eyes.

Fara and Vera were surprised because the conditions were too generous!

Because Vera had business dealings with the Red Star Processing Factory, he investigated the information of the Red Star Processing Factory. The information showed that the annual salary of the manager of the Red Star Processing Factory was 2 million rubles, which is 2 million RMB.

If Ye Feng's salary was higher than this, then...

Korolev was surprised that Ye Feng actually said that he wanted to control the entire Red Star Processing Factory!

In his opinion, this was simply impossible.

Because of the state-owned nature of the Red Star Processing Factory and the scattered private shares, no one could take over all of them.

State-owned shares It’s because the government has been unwilling to sell it. It is a semi-finished product of the state-owned enterprise reform. In 2015, Luosha was restructured and most of the state-owned enterprises with poor performance were changed to private enterprises. But because of the debt problem, the state government has been very tough.

Otherwise, Korolev and several private shareholders would have bought it for him a long time ago!

After that, the matter was left unresolved, and Korolev and others could not sell their shares!

Of course, according to the market value, the shares in the hands of Korolev and others are still quite valuable.

If you put aside the debts of Red Star.

Korolev didn’t think Ye Feng could do what people couldn’t do before.

But Ye Feng and Korolev’s ideas are completely different.

I only heard Korolev say:

"Mr. Ye, I don't know what you think of Hong Shao! I don't think you can gain control of Red Star. The cost of doing so is extremely huge!"

"And the Irkutsk Oblast government will agree to your merger!

"The equity transfer of several of us must be approved by the Irkutsk State Government!"

Ye Feng laughed and said:

"Mr. Korolev, the market value of the Red Star Processing Plant is now 500 million rubles, while its debt is 1.8 billion rubles, which means that the total value of Red Star is only 700 million rubles."

"If I take over part of the debt and then convert it into equity with the promise of helping the Irkutsk State Government to divest its debts, do you think the Irkutsk State Government will let me do it?"

Korolev said in horror:

"Then you are at a big loss, aren't you?"

Ye Feng shook his head again:

"NO！NO！NO！"

"It's not that I'm losing a lot, but my farm needs it, and I won't lose much."

"I am 100% sure of profitability, and neither you nor the state government has this ability, so I will inject capital after the acquisition to dilute the state government's shares as much as possible. I will take over the debt, and the state government's equity will be even lower."

Korolev was so shocked that he couldn't speak!

Too awesome!

100% sure of profitability, and deliberately reducing the state government's shares.

Where does this person's confidence come from?

They didn't have the courage to take over Red Star's debt last time.

In their view, taking over the debt is almost equivalent to rebuilding a Red Star processing plant.

And Ye Feng doesn't care about this at all!

Ye Feng looked like he had won over him, staring at Korolev.

After Korolev thought for a long time, he finally said with difficulty:

"I have to admit, Mr. Ye Feng, you are a very courageous person. I agree to transfer my shares to you. What are your conditions?"

Ye Feng smiled confidently:

"This is the wise choice. If I miss it, no one can save the Red Star Processing Plant!"

"My conditions are also very simple. You only need to bear a small half of the debt corresponding to your equity. Of course, if you can help me convince the other equity owners, I can exempt you from this part of the debt."

Korolev was confused by Ye Feng's operation. He couldn't help but agree to this condition. He could get the state government to agree to their equity merger, so he just needed to take this condition. It would definitely be better for them to invest in other industries with the money from the equity transfer than to stick to Red Star!

So it was not difficult to convince him.

Korolev exhaled and said:

"Okay, Mr. Ye, deal!"

"I can convince a few other people for you, but I can't do anything about the scattered shares of the factory workers. They are the diehards left over from that era. They didn't hand over their shares when the mixed reform was first carried out, and I think there's nothing I can do about it now."

Ye Feng said:

"You don't have to worry about this. I don't need their shares. You guys together own 40%. I will take on part of the debt, and eventually the equity will exceed 50%.%"

"The state government's shares will be further reduced, and Red Star will basically be controlled by me!"

Korolev asked:

"Doesn't Mr. Ye intend to buy out all the shares held by the state government?"

Ye Feng shook his head.

"Of course not, but I can't tell you the reason!"

People with backgrounds and those without backgrounds have different plans. He is a man who wants to walk sideways in Irkutsk, so why would he care about such a small share.

Korolev is a local and did not understand the deep meaning of Ye Feng retaining the state government's shares.

They all came from the era of the Red Empire, but he fell into a strange market-first thinking. No wonder he could only be trapped in Irkutsk.

Fortunately, Ye Feng promised him that the manager position was only an executive role, and how to make decisions was entirely up to Ye Feng.