Chapter 439: Yuzhou Special Steel

With Han Songlin back in Jiang Zhong at the helm of Xinghai Group, the Group felt like it had been wound back up again and was moving a little faster. 'Boss, this is an assessment report from the evaluation team in Yuzhou about Yuzhou Special Steel!' Zhu Xiangping looked at Han Songlin carefully and saw that his face was expressionless, which gave her a small sigh of relief.

Han Songlin noticed Zhu Xiangping's gaze and didn't care; he had stayed in the music pit for so long just to reassure himself.

Before, Han Songlin had been avoiding something.

'Have you gone to check on the situation at Yuzhou Special Steel?' Although Han Songlin was in the music room, the Xinghai Group could not possibly stop functioning just because Han Songlin was not there.

That was impossible and not allowed.

Zhu Xiangping: 'I have been there. Generally speaking, Yuzhou Special Steel has a lot of old equipment. If we were to acquire it, we would have to invest new capital to update the equipment.'

Han Songlin looked at the report while asking Zhu Xiangping, 'What was the response from Yuzhou to our acquisition?'

Zhu Xiangping said, 'Yuzhou took it quite seriously and even asked if we were interested in acquiring Yuzhou Iron and Steel as well.'

Han Songlin raised his eyebrows, this was really a bit unexpected.

With his chin in his hand, Han Songlin thought that it seemed quite normal. The restructuring of state-owned enterprises was currently popular throughout the country, and taking a big step was not necessarily a bad thing, but rather a sign of progress.

'Never mind, we don't want Yuzhou Iron and Steel.'

Han Songlin valued the research and development capabilities of Yuzhou Special Steel in metal materials when acquiring Yuzhou Special Steel.

This was particularly important.

Yuzhou Iron and Steel could only produce ordinary steel, and to be honest, there was really nothing worth paying attention to.

'By the way, what was the reaction of the employees at Yuzhou Special Steel to our acquisition?'

Zhu Xiangping's mouth curled up into a smile. She knew that Han Songlin would ask this.

'Everyone is looking forward to it!'

Looking forward to it?

Han Songlin looked deeply into Zhu Xiangping's eyes. No one would look forward to walking towards the unknown.

For the ordinary workers at Yuzhou Special Steel, they did not have so many channels to access the news.

In fact, even in the future, the factory workers' channels of contact with news seem to be wide, and they can access all kinds of news from their mobile phones.

But in reality, the factory workers really don't have the time or energy to pay attention to any major news.

Every day they watch short videos, read novels, and then go to bed.

After working ten hours a day, they just want to sleep after they get into bed.

After they wake up, they go to work again.

Sleep, work, get off work, eat, sleep, and the cycle repeats.

Zhu Xiangping: 'When we went to Yuzhou Special Steel for research in the past, we distributed our group's brochures to the workers at the special steel plant.'

Han Songlin raised his eyebrows, his gaze full of satisfaction.

That's right.

Xinghai Group is not like some other types of enterprises. Xinghai Group is not a capitalist enterprise that will try to squeeze the surplus value of workers' labour in order to reduce costs and make more profits.

Xinghai Group improves its profits by relying on technology.

'Not bad!'

Han Songlin lightly tapped the table as he closed the evaluation report. The entire Yuzhou Special Steel was valued at 3.2 billion yuan.

And the debt was 1.376 billion yuan!

Although it was not yet insolvent, it was not far off.

In a few years, it would definitely be insolvent.

The most important point was the huge number of workers at Yuzhou Special Steel.

This was particularly problematic.

How to resettle these workers is a huge problem.

In the 1980s, when Yuzhou Special Steel was at its most prosperous, the economic benefits were good, and there was no thought of improving their own technology or renewing production equipment.

Instead, they used the money to invest heavily and took over many companies at the time.

The entire workforce of the company expanded rapidly, and at its peak, the number of employees reached more than 20,000.

In addition, they had to pay profits every year. By the 1990s, when they wanted to update the equipment, they found that they had no money.

Yuzhou Special Steel Works, like many state-owned enterprises nowadays, had everything from schools to hospitals.

It was a small society in its own right.

Zhu Xiangping stood quietly to one side, waiting for Han Songlin to speak.

'There are too many workers! These workers must be diverted, and some of them must be found ways to be assigned elsewhere.'

Could the entire Xinghai Group absorb so many workers?

Strictly speaking, it could.

The production line can accommodate quite a few people, and in addition, these employees can be trained in skills. There is currently a shortage of drivers in the market, and being a driver is also very profitable.

Zhu Xiangping also knows this problem. Yuzhou Special Steel really doesn't need so many people.

'Workers have to be classified. Those who are lazy, greedy and cunning should all be transferred to other positions. The construction site needs people, so let these people move bricks. If they can't take the hardship, they should just leave.'

Zhu Xiangping opened her mouth. This seems to be a good idea.

As for these people causing trouble, there is no need to worry. The security team is among the first to move into Yuzhou Special Steel.

If you want to acquire Yuzhou Special Steel, management is really just a minor problem.

Xinghai Group has already developed its own management system, which can simply be applied to Yuzhou Special Steel.

Xinghai Group's system will not cause any problems at Yuzhou Special Steel.

The wages are paid on time, and everyone can accept strict management and 5S or 7S.

If the wages are low and there are a lot of problems, then it's annoying.

After Xinghai Group took over, the workers' wages were definitely increased, which directly stabilized most of the workers at Yuzhou Special Steel.

'Boss, will the hospital and school be taken over?'

'Of course, why wouldn't they be? Don't you know that Hongxing Middle School and Xinghai Hospital are both making money?'

Zhu Xiangping of course knew that the hospital and school were making money.

When she got home, she heard her mother sighing and saying that school fees had gone up again this year, and that in addition to school fees, there was also the cost of school uniforms.

She said that there was also a spring outing, and that the younger students would just go out for a bit and come back. The older students would be staying outside for two nights, she heard.

That spring outing would cost a fortune.

Zhu Xiangping didn't know what to say when she heard this. Should she tell everyone that the group was trying to recover funds from everyone?

According to Han Songlin, high income means high consumption. Money cannot just be kept in the bank, it has to be spent.

Zhu Xiangping didn't want to comment on this.

The boss even makes money off his own employees!

Xinghai Group wants to acquire Yuzhou Special Steel, but there is still a problem: how should the funds for the acquisition and the debt be obtained?

Han Songlin definitely didn't want to say that he would pay in cash. Every penny of cash was used by Xinghai Group for its own purposes.

In fact, Han Songlin had considered a share swap, exchanging Xinghai Group's shares for Yuzhou Special Steel's.

After thinking about it, he decided against it.

The truth was that Xinghai Group's shares were useless because Xinghai Group was not prepared to pay any dividends at all.

Twenty percent of the money earned is used as year-end bonuses for employees, and the rest, apart from some investments and working capital, is invested in research and development.