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Free Web Novel,Novel online - All in hlnovel.com -> Romance -> Brilliant Life of Rebirth 98 Acquisition of Huajian Company (1)
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Huajian Company¡¯s large conference room,
It was full of people.
On the main seat, Yi Xiaohai sat casually with a smile on his face.
On his right is the acquisition team of Jingnan Group led by Wu Xinyu, and on his left are Qin Junlong and Li Mingyu and other senior executives of Huajian Company.
Wu Xinyu and Jiang Sen spent three days completing the pre-acquisition due diligence and formally negotiated today.
Yi Xiaohai promised Qin Shujie to use 800 million to acquire Huajian Company and several pieces of land.
"But Jingnan Group is not a junk collector. He won't want some low-quality assets, and he won't want them if they conflict with the People's Supermarket business district.
at this point,
Yi Xiaohai had already made it clear to Qin Shujie.
He only acquired the high-quality assets and main part of Huajian Company, and offset the rest with land, making up 800 million for the Qin family.
"Everyone is here, let's get started."
After Yi Xiaohai announced the start of negotiations, he sat still because all the subsequent matters were left to Wu Xinyu and others.
He came over to participate in the acquisition negotiations, with the purpose of preventing Qin Junlong from playing dirty tricks and playing a role in holding back the battle, but he will not interfere in specific affairs.
"But Yi Xiaohai was very curious. Qin Junlong's anger was less, and he seemed to be a different person.
Although she still seemed indifferent to him, it was different from before.
Yi Xiaohai guessed that it might have been a big mistake this time, and Qin Junlong had a great enlightenment and became wiser. ,
Over there,
Wu Xinyu took out the details of the assets to be acquired and handed them to Qin Junlong and others for review.
The main markets of Huajian Supermarket are in Nanjiang Province and Anhui Province, with a total of 3 hypermarkets, 25 first-level stores, 8 second-level stores, and 79 convenience stores.
With more than 4,000 employees and annual sales exceeding 1 billion, it is currently the largest retail brand in Nanjiang Province.
Huajian Supermarket is large in scale and operating in very good condition, but it also has many problems.
The annual turnover is 1 billion, but the net profit is not high, only less than 50 million.
There are many problems, such as excessive management salaries, bloated personnel structure, high supply rebates, etc.
Yi Xiaohai¡¯s request for Wu Xinyu is that he doesn¡¯t want any assets with unclear property rights or poor quality, and he doesn¡¯t want any employees either.
Qin Junlong looked at the acquisition list and frowned.
There are several stores in Jinling that are too close to Baixing Supermarket and are not included in the acquisition scope. He can understand.
But employees are not included, which Qin Junlong cannot accept.
Huajian Company has contracts with these employees. If the contract cannot be packaged and sold to Jingnan Group, he will be asked to pay severance pay later, which is not a small sum of money.
Qin Junlong did not speak in a hurry, but showed the acquisition list to Li Mingyu and the others. After reading it, Li Mingyu and the others' faces became extremely ugly.
"Mr. Wu, we can accept that the five stores in Jinling are not included, but why are the properties on Yangcheng Road not included?"
Before the meeting, Qin Junlong told Li Mingyu that he would be responsible for the negotiations, and Li Mingyu could only stand up.
He didn¡¯t talk about the employee issue at the beginning, but settled on the real estate first.
Because Qin Junlong said that Huajian Company must be bought, and all he can do is to promote the acquisition step by step and strive for a good price.
"The premise of Jingnan Group's acquisition is clear property rights, but it is not clear who owns the property on Yangcheng Road."
"That property originally belonged to Nanguo Company. Huajian fully acquired Nanguo Company. The property naturally belongs to Huajian Company, and there is no objection."
"Haha, I suggest that your company should investigate the specific property rights of the Yangcheng Road property. In short, Jingnan Group will not acquire it."
Li Mingyu was stunned by Wu Xinyu,
He only knows that the Yangcheng Road property is under the company¡¯s asset name, but he has never seen the relevant certificates of property rights.
"Xiao Zhou, go check it out."
Li Mingyu asked his assistant to check immediately.
"Mr. Wu, let's continue first."
Next, Li Mingyu and Wu Xinyu had a heated discussion,
Wu Xinyu pointed out many properties of Huajian Company with unknown property rights and eliminated them.
There are also quotations for certain fixed assets that are quite different from those given by Huajian Company.
The property rights are unclear, and without acquisition, Li Mingyu can still understand that those fixed assets are so low, which means that the price is a bit low.
But Wu Xinyu told Li Mingyu that Jingnan Group had done enoughInvestigation, the reasons are very good.
Take the transportation department under Huajian Company as an example.
There are a variety of vehicles under the Ministry of Transport. The quoted prices for these vehicles are 40% of new vehicles including depreciation and wear and tear.
But during the asset check, it was discovered that Huajian Company had seriously raised the original price of the vehicle.
For example, a Jinbei with an original price of 100,000 yuan is quoted at 130,000 yuan, and a heavy truck with a price of 500,000 yuan is quoted at 700,000 yuan. Similar problems are very serious.
Li Mingyu was dumbfounded again,
The original price they quoted was based on the invoice price without any changes.
Why has Wu Xinyu changed so much after arriving here?
In order to prove that Huajian Company did not intentionally raise prices, Li Mingyu prepared to arrange finance and found the purchase invoices.
However, Wu Xinyu told him directly that there was no need because the invoice price was exaggerated.
Wu Xinyu took out some product data from manufacturers and dealers and told Li Mingyu that the invoice prices had increased a lot.
The most direct one is a certain model of medium-sized truck, with the top configuration priced at 180,000 and the low configuration priced at 90,000. Huajian Company¡¯s vehicles are all low configuration, but the price is 180,000.
The matter here has not been resolved yet. The relevant certificates of the property rights of the Yangcheng Road property over there have also been brought.
Wu Xinyu told them that there was no problem with the property rights certificate, but it had expired last year. The re-registration information showed that the property on Yangcheng Road did not belong to Huajian, but to Nanjiang Provincial Food Corporation.
From beginning to end, Qin Junlong did not speak.
At the beginning, he also thought that the ultimate purpose of Wu Xinyu doing so many things was to lower the acquisition price.
But as Wu Xinyu produced more materials and had a firm attitude, Qin Junlong realized that he might have been cheated when he acquired Nanguo Company.
If you go by Wu Xinyu¡¯s quotations for many industries, you will have spent about 50 million more when you purchased Nanguo Company.
This does not include properties with unclear property rights.
The property on Yangcheng Road is worth about 30 million, and the other assets with unknown ownership total more than 10 million.
If the property rights are unclear, it will be very troublesome to deal with. If one is not good, more than 40 million will be wasted.
Qin Junlong never imagined that the acquisition would encounter such big trouble
If according to the acquisition list and quotation of Jingnan Group, Huajian Company will be sold for more than 200 million at most.
After the sale, he was left with a bunch of bad assets.
Qin Junlong will definitely not accept it.
The acquisition negotiations were suspended and he needed to talk to Qin Shujie before making a decision.
Yi Xiaohai didn¡¯t care and left Huajian Company with the acquisition team
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