Chen Yiyang was originally a bit worried about a young person like him eting a group of old factory hands.
Would these people see him as too young and unreliable?
But unexpectedly, after he appeared together with Yang Chengru, they were warmly received by these people.
This left Chen Yiyang a bit at a loss.
It’s said that people in high positions for a long ti carry an air of nobility.
Could it be that just a month after his worth surpassed a hundred million, he already has such an aura that these people could sense it?
After so welcoming drinks, everyone finally got down to business.
The bosses of several factories took turns to talk about the current difficulties of their factories.
Chen Yiyang briefly summarized it: the core issue is nothing but one point.
The technology can’t keep up!
These factories in the early years supplied parts to shanzhai phone manufacturers, who valued cost-performance over performance.
So the early technological advancents of these mobile parts manufacturers were all about reducing costs and improving cost-performance.
When it ca to the era of smartphones.
Although shanzhai phones disappeared without a trace, low-end smartphones still hold a significant share of the dostic market.
However, now the smartphone era has entered a battle for existing stock. Even Apple has put aside its pride to start working on mid to low-end smartphones, not to ntion other dostic phone manufacturers who have begun making their own low-end phones.
These major phone manufacturers have their fixed suppliers. Even if it’s for low-end models, they won’t purchase parts from them.
So, the entire park’s mobile parts factories have started going downhill.
Now they are barely surviving by relying on the senior phones market.
"It’s not that we don’t want to upgrade technologically, but we’re simply out of money," a boss complained to Chen Yiyang.
"Don’t be fooled by how much we earned before. Without external funds, the money we earn ourselves wouldn’t even make a splash if invested in technology."
Chen Yiyang sowhat agreed with these bosses’ statents.
Although the news keeps talking about technological upgrades and reinvesting earnings into technology.
In reality, even this simple phrase proves to be exceedingly difficult.
For these factories, the dostic environnt is already intensely competitive, and the price wars are fierce.
So most factories have thin profit margins, primarily considering the issue of survival first.
If no investnt is made into technology, at least the factory can survive for now, slowly heading towards bankruptcy.
If the money is put into technology, then nine out of ten factories won’t last two to three years before closing down.
Counting on investnt alone to develop technology has a success rate similar to hoping to win the lottery by researching winning numbers.
After the discussion, Chen Yiyang asked these bosses to send him the general paraters of their factory’s component products.
As for how to save the entire park, Chen Yiyang currently has no solution, so he didn’t dare promise anything to these bosses.
The bosses expressed their understanding. After all, if Chen Yiyang really could co up with a plan on the spot, they would rather suspect him of boasting.
They talked together into the evening.
Originally, these factory bosses planned to invite Chen Yiyang to continue drinking at the venues in the city center that night.
But Chen Yiyang declined, saying he had sothing to do that evening.
Yang Chengru also took the opportunity to say he would see Chen Yiyang off and left as well.
"Shall I take you back to your apartnt?" Yang Chengru asked Chen Yiyang.
"I really do have sothing to do tonight. Just drop off by the roadside, and I’ll take a cab there myself." Chen Yiyang wouldn’t dare use Yang Chengru as a driver.
"I’m free anyway, so I’ll just give you a lift," Yang Chengru said as he took the address Chen Yiyang planned to go to from him and drove him there.
"Old Western Training Institution?" Upon reaching the destination, Yang Chengru curiously looked at the sign in front of the building.
"Yes, I have so business to discuss," Chen Yiyang waved goodbye to Yang Chengru.
Despite having drunk a lot with those factory bosses at the lunch gathering, Chen Yiyang was still very clear-headed at this mont.
After walking in, he went to the front desk and said he had an appointnt.
Soon, a thin man ca running down.
"Boss Chen, my na is Hong Ming, I’m the boss of Old Western, very pleased to et you."
After shaking hands with him, Chen Yiyang followed him upstairs.
"It looks like you don’t have many people left here?" Chen Yiyang noticed that in this large training institution, only seven or eight people remained at their workstations.
"Our Old Western Education, at its peak, had hundreds of teachers and rented over a hundred classrooms to teach kids.
But now, with the arrival of the ban, all our business has co to a halt, with no inco, we can’t even pay the teachers’ salaries.
So, we’ve asked our teachers to find their own paths, and if they can find another job, we’ll let them go imdiately."
Though Hong Ming spoke tactfully.
In reality, the entire company has reached the end of the road.
Compared to those factories Chen Yiyang visited in the morning, "Old Western" education institution is in even worse shape.
Because those factories, at least, can still barely survive by relying on the senior phones market.
On the old Western side, there’s no longer any source of inco. They can’t even pay the teachers’ salaries in their organization.
"If I were to buy your company, how much would you sell it for?" After getting a simple understanding of the old Western’s current asset structure, Chen Yiyang got straight to the point.
"May I ask, what do you plan to do after buying our company?" Hong Ming was a bit incredulous when he suddenly heard Chen Yiyang say he wanted to buy the company.
"I don’t know yet." Chen Yiyang answered sincerely.
He really didn’t understand why this institution was valuable.
However, investnts in finding hidden opportunities are always very accurate and co with high returns.
So, even though Chen Yiyang doesn’t understand what this company can do at the mont,
it’s definitely not wrong to buy it first.
"If you really intend to buy it, I personally want to sell it for ten million." Hong Ming, thinking that Chen Yiyang was just unwilling to say, hesitated for a mont and quoted a price.
"That’s expensive." Chen Yiyang is no fool.
Currently, this educational institution only has two valuable things.
One is the teachers still on staff. The other is the ’Old Western’ brand na.
After buying it, Chen Yiyang would still have to pay the salaries of the on-staff teachers, and the Old Western na is only valuable in the education field.
"How much do you plan to offer?" Hong Ming cautiously inquired of Chen Yiyang.
He realized now that Chen Yiyang truly didn’t know what Old Western could do in the future, but he did genuinely intend to buy it.
So there are only two possibilities: either this person is crazy or he has money to burn.
But since he didn’t agree to my ten-million price, the only possibility left is that Chen Yiyang is crazy.
Dealing with a crazy person, Hong Ming thought it was best to be careful.
"Is the building the institution is in bought or rented?"
Chen Yiyang didn’t hurry to quote a price but continued asking. "It’s rented, with rent paid every six months, and rent is due again next month."
"And the classrooms you rented before for classes?"
"We’ve returned all the classrooms, and the remaining desks and chairs have been donated to the nearby schools."
"Oh, I see." Chen Yiyang began to calculate how much would be appropriate to offer.
On Hong Ming’s side, after hearing Chen Yiyang enquire about such a lot of things, he secretly thought.
Damn, this is a rational madman who knows to ask about these things.
"If I buy this institution, do you plan to stay, or do you intend to leave?" Chen Yiyang asked his final question.
"I plan to leave to start a business in another field." Having truly taken Chen Yiyang as a madman, Hong Ming imdiately answered.
He definitely didn’t want to stay with Chen Yiyang after getting the money.
"Four million." Chen Yiyang gave his offer.
The current assets of this institution are just worth this amount.
Out of this four million, at least two million is simply because Chen Yiyang didn’t want to bother to haggle over the price.
After all, the most important asset in an educational institution is the teachers. If he said he was willing to continue paying these teachers, he could probably pull them all out to start a new institution.
But that would delay things for too long.
"Okay." Hong Ming imdiately agreed after hearing Chen Yiyang’s offer.
He had just noticed a faint sll of alcohol on Chen Yiyang.
He thought maybe the reason Chen Yiyang wanted to buy this institution was because he got drunk and had a sudden impulse.
But anyhow, the sooner the sale, the sooner he could take the money and leave.
So Hong Ming imdiately contacted a local lawyer to help draft the contract.
Thanks to being willing to pay more, Hong Ming managed to get the contract ready for Chen Yiyang to review by the next day.
Chen Yiyang glanced at it and, seeing no issues, signed it directly.
He then called a small accountant in West Capital, asking them to transfer funds to Hong Ming.
"I’ll notify the remaining teachers in the institution tomorrow morning, telling them there’s a new boss. How about you co and et the teachers tomorrow?"
"No problem." Chen Yiyang nodded.
Although it’s not clear what industry this institution can transition to,
since secure investnts can confirm that this institution has potential for revival in the future, it wouldn’t hurt to chat with the teachers here and see if any inspiration arises.
After hailing a cab back to his apartnt,
Chen Yiyang first sent so materials given to him by factory owners today to Natasha, asking her to see if Gena could find buyers in Russia.
Chen Yiyang then called Li Dingjun, asking him to help buy a motorcycle the next day, as he planned to travel by motorcycle in the future.
Morning ca.
After breakfast, Chen Yiyang checked his phone.
Today’s scoop: Rare silver coins in circulation: Shan City’s An Nan District Street Stall No. 24, inside a compartnt of an antique cabinet, ten Sichuan-made silver coins are hidden. A successful bargain buy under five thousand yuan.
Details are attached on the second page.
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