Bing City Government Executive Meeting. The Mayor announced the Provincial Government's spirit and then asked everyone if they have any suggestions. In fact, this was the conclusion, which meant that the meeting was about to end.
But today was different. Zhang Ruiqiang suddenly raised his hand and said, "Mayor, I have a suggestion."
Everyone looked at Zhang Ruiqiang in surprise, especially the mayor. Under normal circumstances, if there were any suggestions in the meeting, the deputies would have to communicate with him, the class monitor, in advance. However, Zhang Ruiqiang did not tell him in advance today.
The mayor frowned. "Deputy Mayor Zhang, since you have a suggestion, why don't you tell us?"
"Everyone should know about Bing City Machinery Company. We will be starting our automobile manufacturing project and had started to build a factory. If everything goes smoothly, we will start the trial production at the end of this year and will be on the market in the middle of next year. This morning, I received news that the Machinery Company's major shareholder, Feng Yu, is going to invest more to build a branch factory … … "
"Wait, Deputy Mayor Zhang. I am in charge of the industry. How come I don't know about this? Why didn't the Machinery Company's Li Mingde report to me? "Deputy Mayor Xu interrupted Zhang Ruiqiang.
Everyone was in charge of an aspect that was the embodiment of their authority. Of course, they did not wish for others to interfere. If it was the Mayor who said this, he would not have interrupted him. But Zhang Ruiqiang was not on good terms with him. He always felt that Zhang Ruiqiang had stolen his Executive Deputy Mayor position.
"I had said that the Machinery Company's major shareholder, Feng Yu, had told me about this. I am in charge of the restructuring of the companies, and the Machinery Company is a pilot company. Is there any problem with him reporting to me?" Zhang Ruiqiang replied.
He wanted to inherit the position of mayor. If he couldn't even suppress the deputy mayor, who was ranked lower than him, the higher-ups would definitely think that he was incapable! Furthermore, he was the Executive Deputy Mayor. In theory, he could be involved in all the work of the city government.
"Deputy Mayor Xu, let Deputy Mayor Zhang finish his words." The Mayor was a little unhappy. You are blocking my face, and you still want to quarrel?
Zhang Ruiqiang continued: "Feng Yu had promised to build 10 branch factories, including 5 motorcycle factories, 4 saloon car factories, and 1 truck factory. The first phase of investment is 1 billion!"
Hiss ~ ~ ~
Everyone sucked in a breath of cold air. One phase of investment, one billion! In that case, the one billion yuan investment was not the final amount?
Feng Yu had heard of investments of this scale in the coastal areas, and it was all from foreign investors. He had never heard of investments of this scale in the inland cities, especially Bing City, which was located near the border.
"One billion? Deputy Mayor Zhang, did I hear it wrong? "Deputy Mayor Xu asked in a strange tone.
"You heard it right. It is 1 billion RMB! And it was confirmed that it was a first-phase investment. Feng Yu wants to use this money to invest in Bing City's Machinery Company. He also wants to purchase a batch of motorcycle and automobile production lines from the Soviet Union. He plans to start production within 2 years … … "
"Wait a minute. What is the market value of our Machinery Company now? As far as I know, it's only a few hundred million. Feng Yu had invested 1 billion RMB. Have you ever thought about where did he get the money from? Did he use the Machinery Company's shares as collateral to get loans from the banks? If a profitable enterprise blindly expanded, it would definitely go bankrupt! At that time, not only our Bing City will lose a profitable enterprise, but what about those workers? "Deputy Mayor Xu sneered.
Zhang Ruiqiang looked at Deputy Mayor Xu with disdain and turned to the Mayor to continue his report: "Feng Yu promised that he will not use the Machinery Company's shares to get loans. Now, Tai Hua Trading has 1 billion RMB in its account!"
What? Tai Hua Trading had 1 billion RMB in its account!
The expressions on the faces of the leaders of the City Government were even more interesting. They knew about Tai Hua Trading, but how could it have 1 billion RMB?
"Deputy Mayor Zhang, have you contacted the banks about this?"
"I had contacted them and got confirmation from ICBC. Feng Yu also promised that once the procedures start, this sum of money will be frozen. Tai Hua Trading will not use a single cent." The Mayor was overjoyed.
1 billion RMB investment? That means the Machinery Company's market value will be more than 1 billion RMB? This will definitely be a big company!
During his term as the mayor, the City had a market value of more than 1 billion RMB, and it was from a few tens of millions RMB within 2 to 3 years. This was definitely a political achievement!
But at the same time, he was thinking about what Deputy Mayor Xu said. The Machinery Company's market value was only a few hundred million RMB. If they were to inject 1 billion RMB, the City's shares would be diluted.
"Deputy Mayor Xu, how much is the Machinery Company's market value now?"
"More than 400 million RMB, and it is still increasing! The City's current shareholding is 28%. "
28% was more than 400 million RMB. If the injection was to exceed 1 billion RMB, then the City's shareholding would be reduced by more than 2/3. The City's shareholding would be less than 10%.
"Deputy Mayor Zhang, must we inject so much money at once? Can't we do it slower? "The Mayor asked. If this sum of money was to be invested over 2 to 3 years, then the City would be able to take out a sum of money. At least the City's shares would not be diluted.
"Mayor, this is a type of industrial layout. Most of the advanced companies in other countries are doing this. Now, the motorcycle and automobile markets are expanding, and our country is being taken over by Japanese and German cars. We are trying to revitalize our national brands, and this is in line with the 7th Five Year Plan! "
"Let's not talk about Shanghai's SAIC and Lin Province's FAW. They are all big automobile companies in our country. Which one of them is not supported by the government? Even they do not want to be so big, and Feng Yu wants to be so big? He is not even 20 years old and had not even graduated from high school. It is normal for young people to bite off more than they can chew. Deputy Mayor Zhang, you should not be fooling around with him! "Deputy Mayor Xu was criticizing Zhang Ruiqiang.
Deputy Mayor Xu was not only relying on his seniority. Zhang Ruiqiang had written an article in the Provincial newspaper, saying that the Soviet Union would be disintegrated at the end of this year. He had even ignored the opposition from the Provincial leaders and submitted his article to < People's Daily >. Now, the higher-ups were still debating about the Soviet Union's problems, and Zhang Ruiqiang wanted to please the public. Deputy Mayor Xu knew that the Provincial Leader would not continue to support Zhang Ruiqiang.
Without the Provincial Leader's support, what else can Zhang Ruiqiang do? This Executive Deputy Mayor will be the end of Zhang Ruiqiang's career. At the end of the year, Zhang Ruiqiang will become a joke, and he might even have to give up his Executive Deputy Mayor position. Deputy Mayor Xu still has the chance to take this position.
"Young people? Kids? Deputy Mayor Xu, what did you do when you were 18 years old? Deputy Mayor Xu, are you able to buy so many cheap and practical machinery and industrial technologies for Bing City? Deputy Mayor Xu, how much profits did you get from the Machinery Company? How much are the taxes? How much are the workers' salaries? Is it above the national average? "
Zhang Ruiqiang's questions made Deputy Mayor Xu speechless.
Seeing that both of them were about to quarrel, the Mayor knocked on the table: "It's getting late. Everyone still needs to do their work. Today's meeting will end here. Tomorrow at 10 am, we will continue our discussion! "
The Mayor decided to report to the City's Party Secretary and even to the Provincial Leader No. 2. They will decide if they will support Zhang Ruiqiang or not!
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