sjar Chapter 1274 Well-intentioned
Chapter 1274 Well-intentioned
In a meeting room on the fourth floor of the Peace Hotel, Wei Hong sat in the main seat, with Wei Qing to her left, followed by Xu Banxia, A Bao, Cai Quanwu, Gao Qiqiang, and Wen Huixin.
Sitting on the right were Tan Zongming, Jiang Haokun, Lian Song (Lian Cuihua's son), Lou Xiao'e, and Ye Jinyan.
"You are all close partners of our family, and we are all familiar with each other. We have cooperated before. The reason we have gathered you all together now is that the Zhao family hopes to get your help on some matters!" Wei Hong said with a smile as she looked at the people present.
"Hehe, Wei Hong, just say what you need. Everyone sitting at this table is on our side. Just say the word, and we'll definitely get it done." Cai Quanwu, as the only elder in the room, naturally spoke first.
“That’s right, sister, just tell us what’s wrong, and our Shengxuan Group will definitely not make things difficult for you!” Tan Zongming also said.
As for the others, although they didn't speak, their eyes revealed their support for Wei Hong.
“Since that’s the case, then I won’t stand on ceremony. This matter was actually instructed by the old man. According to him, it was about integrating our resources and investing in companies that ordinary businessmen are unwilling to invest in, such as semiconductor and chip companies! These are companies with slow returns and huge investments!” Wei Hong said.
“Semiconductors and chips? Aren’t these things usually controlled by the state?” Lou Xiao’e asked Wei Hong.
“Although this is very important to the country, we don’t have the money right now and can’t invest on a large scale. We can only keep such projects in some laboratories! But this is very important. We need not only laboratories, but also the ability to produce it on a large scale!” Wei Hong said helplessly.
"So Uncle Zhao means we have to start from scratch?" Gao Qiqiang asked.
"No, that's not the case. Although our country's chip development is currently lagging behind the international level, it's not like there's no development at all. Wei Guo has already done a lot of research, but it's all experimental and can't be mass-produced industrially yet! Our goal is to achieve this kind of industrial production!" Wei Hong said.
"Is the investment huge?" Tan Zongming asked.
"It's a huge undertaking. The initial investment alone will be nearly 200 million yuan, and the later development will require astronomical figures. So this is not something that one person or one company can handle. It requires all of us to work together!" Wei Hong said.
"Then how should this company be accounted for?" Lian Song asked.
"According to the investment ratio, Wei Guo, representing the Northwest Red Star Research Institute, will contribute technology and hold 42% of the shares! The rest of you will contribute funds, and the shares will be allocated according to the funds. We will hold another meeting to discuss any additional investments later!" Wei Hong said.
"Miss Zhao, can our Jiang Group participate in this matter?" Jiang Haokun asked anxiously.
Chips—others might not understand, but Jiang Haokun knows them all too well. This is the future mainstream technology, and currently, relatively few companies are paying attention to it. Now is the perfect time to get on board, especially since the Zhao family in China is leading the way. His family should hurry and follow suit!
“Young Master Jiang, as a well-known enterprise in Shanghai, we certainly welcome your participation. However, I have a condition to tell you: no matter who of you participates, you cannot sell the company's shares to outsiders without authorization. Even if you want to withdraw, the shares can only be sold to us, the shareholders!” Wei Hong said with an unusually serious expression.
“No problem, we have no objection!” Lian Song and Lou Xiao’e said at the same time.
They're not stupid; selling these shares is out of the question. These aren't ordinary company shares; they're a protective talisman given to them by the Zhao family!
As long as one's family still holds shares in the company, they will receive the Zhao family's protection, something that money can't buy.
“Okay, we’ll finalize the investment details for Billy later. Next, there’s a second matter concerning steel!” Wei Hong took out a document and handed it to Wei Qing beside her.
After a brief glance, Wei Qing passed the document down. Half an hour later, the document returned to Wei Hong's hands.
“The chip business can’t generate profits in the short term, so my father specifically proposed a plan to the higher-ups: that is, our families who are involved in chip investment can invest in Zhongjiang Province’s No. 1 Steel Company. This company is on the verge of bankruptcy because of its rigid thinking. It is now being sold off urgently. Moreover, this time the state has completely given up, and the entire steel company has become a private joint-stock company. This can be considered as compensation from the Zhao family to everyone!” Wei Hong said with a smile.
"Miss, isn't the No. 1 Steel Plant in Zhongjiang Province located in Changwu?" Gao Qiqiang asked curiously.
“That’s right, it’s in Changwu. And the current steel plant is located near the city center. My dad has already contacted Zhongjiang Province and obtained a new plot of land for the steel plant in a location downwind of the monsoon in Changwu. The land in the city center will be converted from industrial land to commercial land. In other words, after the steel plant is relocated, the land in the city center can be developed as commercial land, replicating the business model in Jingzhou,” Wei Hong said.
Hearing Wei Hong say this, not only Tan Zongming and Ye Jinyan, who were already in the real estate business, but also Xu Banxia and the others who had never been in contact with real estate companies before, were very excited.
According to the information, the No. 1 Steel Plant of Zhongjiang Province occupied nearly 300 acres of land in the center of Changwu City. It not only contained the steel plant, but also supporting facilities such as residential areas, schools, and clinics. It was basically an independent little kingdom, which was a common phenomenon decades ago.
Now that these 300 acres of land have been converted into commercial land, they can basically cover all areas in the northern part of Changwu City! This compensation is incredibly generous!
"In that case, let's discuss our respective investment ratios! Not only the investment ratio of the chip company, but also the investment ratio of the steel mill. After all, the government does not hold shares in the steel mill, which means there is an additional 42 percent share. We'll see what each of you here can do about this!" Wei Qing said with a smile.
"However, everyone shouldn't be too happy yet. Although this compensation has been given to the steel mill, the new company also needs to solve the employment problem of the original steel mill's employees. We must not allow the embezzlement of employee subsidies that happened in the Northeast to happen again. In other words, these three thousand employees and their families must be properly resettled and cannot cause trouble for the country! I hope everyone can understand!" Wei Hong said in a calm tone.