Just when Duan Yongping was at his wits' end, an unexpected person came to The Little Tyrant Company.
"Hi, I am Hong Kong's Aiwa Trading's General Manager Fu Guangzheng. I have something to discuss with you."
Feng Yu had told Fu Guangzheng to keep an eye on The Little Tyrant. They will surely produce learning machines. But before they start selling, they must let them know that they are infringing the copyright, so that their products cannot be sold at all!
If they really dare to sell it, then find a team of lawyers and sue them!
However, Feng Yu did not expect that although The Little Tyrant Company had produced learning machines, they did not dare to sell them out! Now that the factory has stopped production, the products are all piled up in the warehouse.
At this time, Fu Guangzheng was not here to give them the authorization. It was because Feng Yu was interested in The Little Tyrant's factories, brands and technicians. He wants to acquire The Little Tyrant!
"You said you want to buy the Little Tyrant?"
"That's right. Little tyrant is currently in debt, right? The products produced cannot be sold at all. If they were sold, it would be an infringement of rights and would be seized by the Industry and Commerce Department! If you sell The Little Tyrant to me, the city will get a huge sum of money. The workers will not be laid off, and the company will still be here. The city will still get the taxes. "
Duan Yongping stared at Fu Guangzheng: "Did you all do this on purpose?" How did they know The Little Tyrant had produced the Learning Machine? Could it be that they had their eyes on The Little Tyrant? Was this a trap?
Fu Guangzheng replied calmly: "On purpose? We deliberately let you pirate our products? If I really did it on purpose, then I will give your Little Tyrant a big order. When you can't produce the product, I'll demand double the compensation. Maybe I don't even need to buy the Little Tyrant, the court will directly award the Little Tyrant to me! "
Duan Yongping collapsed on the chair. That's right, if the other party really did that, then the little tyrant wouldn't even have the chance to linger on with his last breath. However, he had a nagging feeling that something was wrong. Why was it that when they were developing the learning machine, someone had already developed it? He could understand registering a patent, but why would the learning machine be registered as a brand?
This was very strange, but it was just like what Fu Guangzheng said. If it was a trap, the Little Tyrant would be in a much worse state. Also, the Little Tyrant did not know that the Little Tyrant was also developing a learning machine.
But no matter what, selling the company to Aiwa was the best solution.
"You want to be the sole owner of The Little Tyrant?"
"No. I am a small shareholder, and there is another major shareholder who is from Bing City. But he said that this company will reward you with shares in the future! "
…
"Duan Yongping, is this the solution you were talking about? Sell little tyrant? " The leaders of the city stared at Duan Yongping angrily. A company that had a profit of nearly 30 million last year, and now you want me to sell it?
"Secretary Liu, other than selling the company to me, do you think there is any other way? If I acquire The Little Tyrant, I will be able to avoid the problem of The Little Tyrant paying the distributors double the amount. This is because we can provide Aiwa Learning Machine to the distributors, and the distributors should be able to accept it. Or we can authorize The Little Tyrant to manufacture the Learning Machine. Only we can authorize this because we own the patents. "Fu Guangzheng patted his chest proudly.
Secretary Liu lowered his head and did not say a word. Duan Yongping sat at the side and did not say a word.
"Is there no other solution? We can cooperate. Little Tyrant, how about letting you all invest in this company? "
Fu Guangzheng laughed and shook his head: "I am not representing myself. The Little Tyrant must be sold to us, including the company, factories, trademarks, and all other assets. Of course, we will also promise these workers that we will not fire them without a valid reason. We will also not lower their salaries! "
The workers will not be fired, but it might not be the same for those at the management level. It was too easy to find a reason to fire them.
Fu Guangzheng was the same as Feng Yu. He could accept the company having a union, but he could not accept a bunch of leaders who did not know what to do. A company was a company and not the government. There was no need to have all the departments in the company, especially when many departments had overlapping functions! The salaries of those leaders were much higher than the workers!
"Can't you all hold the controlling shares and keep a portion of the City's shares?" Secretary Liu's attitude was almost begging.
Keeping a portion of the shares was to bring in funds from Hong Kong and the private sector to expand the company. But how was he going to explain to the leaders if he were to sell all the shares? Because we almost made a counterfeit product, our company is going to be taken over by someone else?
Fu Guangzheng shook his head firmly: "I'm sorry. No! If you sell The Little Tyrant to us, we will measure the value of The Little Tyrant's assets, including the products in the company's inventory. Other than us, no other company can do this. Because no other companies will want the products in your warehouses! This way, the City will still get about 20 million RMB. If you do not sell to us, then The Little Tyrant will need at least 30 million RMB to be saved. Think about it. Do you want 20 million RMB and a company that can provide jobs to the workers and pay taxes to the City? Or do you want 30 million RMB to save the company? But there is a high chance that the company will go bankrupt. I'll be waiting for your reply. "
Fu Guangzheng returned to the hotel and called Feng Yu. He told Feng Yu that The Little Tyrant would surely be acquired. But why didn't Feng Yu ask him to lower the price? Fu Guangzheng believed that if he could lower the price, he could acquire The Little Tyrant for less than 10 million RMB. But now, he needed almost 20 million RMB to acquire The Little Tyrant. This was a waste.
Feng Yu did not mind. This way, he could have a better relationship with the local government and stabilize the technical team.
Fu Guangzheng admitted that The Little Tyrant's technical team was not bad. They could crack the Learning Machine's technology in such a short time. But it was not worth Feng Yu's investment. He was a Hong Konger. What's there to be afraid of?
… …
That day, the Zhongshan City meeting lasted until midnight. All the leaders were discussing if they should agree to Fu Guangzheng's proposal. In the end, everyone came to a consensus, and they agreed.
After all, what Fu Guangzheng said was something they had to face. Either they take the money and give the company to someone else, or they had to fork out the money. The company might still go bankrupt, and those workers would not be able to settle down.
Secretary Liu reported this to the leader in Guangzhou. That leader kept quiet for a while and decided to sell The Little Tyrant to a Hong Kong businessman.
Fu Guangzheng brought his men to check The Little Tyrant's assets. The materials and products in the warehouse were worth a few million RMB. At the same time, the company's equipment, brand, and other assets were still there. But all the money in the company's accounts was transferred away by the City.
This angered Fu Guangzheng. They had agreed that the City will take on all the debts, but the City cannot touch any of the company's assets. What was the meaning of this? During the negotiations, Fu Guangzheng did not hold back and pointed out many problems with The Little Tyrant. The factory was too small, the workers were too old, the management was in a mess, the finances were in a mess, and the non-performing assets were too high.
You all still have tens of millions of orders? Please, can you all complete those orders? Without us, those orders will be the end of the company!
In the end, Fu Guangzheng fired most of the management staff of The Little Tyrant. He only kept a few people in charge of production, sales, and technology development. The cash paid to The Little Tyrant was only 17 million RMB. Fu Guangzheng had promised to pay 20 million RMB. The City had only transferred a little more than 800,000 RMB. The Little Tyrant was considered to be greedy and had suffered a huge loss!
The Little Tyrant was renamed to Aiwa. Feng Yu owned 80% of the shares, and Fu Guangzheng owned 10%. Feng Yu also took out 10% of the shares for Duan Yongping to distribute. He also promised that if Duan Yongping could make more contributions to the company, he would reward Duan Yongping with more shares!
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