Chapter 247 246. Food Factory Taken

As for bidding, it is normal to ask for an exorbitant price.

If you feel it is inappropriate, you can just pay it back.

550 million is indeed the price in Lao Shen’s mind. He has always fantasized about meeting a sucker who would spend more than million to buy his factory.

From this we can see that Mr. Shen’s vision is indeed not very high.

I was anxious just now, and when I was anxious, I blurted out everything I was thinking.

Just when I was about to make up for it, I didn't expect that Mr. Liu would agree right away.

It looks quite intimidating, but it turns out to be a hammer.

Old Shen was so happy that he almost floated up.

But, the next second.

Liu Piaoliang's words brought him to nothingness.

"So how long will it take Mr. Shen to repay the 700 million loan?"

"Huh??? What do you mean?"

"Literally, for a factory with no debt, 550 million seems to me to be a very reasonable price."

"No, I didn't..."

"Does Manager Shen mean that this includes loans? You are kidding me."

Liu Piaoliang interrupted Lao Shen many times, speaking in a relaxed and aggressive tone.

Old Shen felt very upset.

At last.

Liu Piaoliang's offer completely broke Old Shen's mind.

"My offer, including the loan, is - five hundred thousand."

"No!" Old Shen couldn't hold back his anger and slammed the table. "The equipment in my factory alone is worth more than 10 million! You want to buy it for 500,000! No way!"

"Less than 975 million." Ke Shaotong said at the right time, "The purchase price of all the machinery and equipment in your factory is 788.25 million yuan. After depreciation, the total price remaining in this fiscal year is million yuan. Less than million."

This sentence interrupted Lao Shen's train of thought, "I bought a new machine last year!"

"Yes, it has been calculated for two fiscal years, and the depreciation is 20%. When you purchased the equipment last year, the tax calculation had already provided for the depreciation deduction for that year, so this year is the second year. No problem."

"Ah?" Old Shen regretted it. In order to report less tax last year, why did he directly include depreciation? He took a small advantage but suffered a great loss.

"Then I have other assets, my factory."

"The factory is leased, and the park will waive the rent for one year, so your factory and office space will expire at the end of this year. It's worth 1 yuan."

“I still have these qualifications!”

“Qualifications are reviewed and approved by relevant national departments and are not your assets.”

"I still have a brand, a production base, and employees!"

"Your brand value is zero. Your employees do not belong to you. They are only employed by you. Your so-called production base, sorry, is just a unified purchase and marketing contract. By the way, you still owe 0 individual farmers for the purchase money, yuan, which must also be deducted from your assets."

"..." Old Shen was speechless, muttering, "I don't think so."

“Yes, there is no withdrawal in your financial statement, but it is in the contract.”

Ke Shaotong was very aggressive and didn't give Old Shen any face at all.

Old Shen was confused by all this data.

Liu Piaoliang saw that it was almost done, so she stopped forcing the old man to dig over.

He waved to Ke Shaotong and took over the conversation.

In fact, it is only at this point that we truly enter the negotiation stage.

550 million is a joke, and 50 is also a joke.

After several rounds of negotiations.

The price difference between the two parties stopped at 140 million and 100 million.

Old Shen's heart was bleeding.

His factory is worth more than 10 million.

He started out as a laborer and worked his way up step by step, finally saving up some assets. It was not until he was forty that he met a benefactor.

Opened a food workshop.

Then there are the food factories.

Then there are the large food factories.

Then, a super large modern food factory.

After taking out all the money from the whole family, we could only scrape together more than 300,000 yuan.

In less than ten years, it became more than 10 million.

How come it's only been a year?

It’s only worth over a million…

Old Shen felt upset.

Tears welled up in his eyes.

I don’t want to sell it anymore. Will things get better after I get through this period?
at this time.

Ke Shaotong chose the right moment and handed Liu Piaoliang a piece of paper.

Liu Piaoliang took it, took a look at it, and passed it to Lao Shen, "Manager Shen, if you can fire these people before the transaction, I agree to increase the offer to 120 million. This is also my final offer."

"Agree, sign. Disagree, end."

Old Shen took it and looked at it, and saw several names on it.

He couldn't help but feel a pang in his heart. They were all old servants who had followed him for many years, and they were dear brothers and sisters.

How could he do that?

"Really add two hundred thousand?"

"real!"

"Mr. Liu." Old Shen called out, paused, and took a few deep breaths. "Sign!"
-
After signing a letter of intent for a contract.

A team from an accounting firm in Shanghai entered the market to audit Ou Kai Food Co., Ltd.

The scientific name is due diligence, which includes assessments of finance, law, taxation, market, technology and other aspects to ensure that the acquirer understands the actual situation of the target company.

This step is essential. After all, all the information Qiangwa gets while undercover is obtained through inquiries, and needs to be compared with the actual situation.

After Liu Piaoliang's singing, reciting, and acting, Old Shen did not make things difficult for the capital verification team. They just let them look at whatever they wanted to look at, and they were completely satisfied.

During this period, Lao Shen acted as a bad guy and fired everyone on the list, and was spit upon countless times.

According to the financial lady, Old Shen is very cruel. He swallows the insults, puts on a smiling face, says nice things, and acts humble, almost to the point of kneeling down.

but.

The severance pay was extremely low. Ten people were fired in a row, and including back pay, they were only given a total of more than 70,000 yuan.

In other words, by being the bad guy this time, Old Shen himself got 130,000 yuan.

Luo Yihang and the others were amazed after hearing this.

They couldn't do this kind of thing, they were soft-hearted. It took two days for the accounting firm to issue an asset appraisal report.

Lao Shen’s Ou Kai Food Co., Ltd. is currently worth more than 945 million yuan, of which fixed assets account for 788 million yuan.

More than 80 percent are fixed assets.

Very exaggerated.

For general enterprises, fixed assets accounting for more than 40% are considered heavy assets.

And Lao Shen accounts for more than 80% of them.

What a pity, this is because he has nothing left of his non-fixed assets.

The warehouse was empty. There was no raw material left, and even the packaging was sold at a discount.

Intangible assets are even zero.

So, theoretically speaking, a year ago, the value of Okai Food Co., Ltd. could have reached 16 or 17 million...

The statistical results are out.

The amount of assets that Lao Shen hid or exaggerated was not large.

The compensation clause in the draft contract was not activated.

Therefore, we still purchased the property at 120 million and assumed the debt.

The day of acquisition.

Manager Meng from the bank gladly attended the event.

When Old Shen met Manager Meng, he was so upset that he didn't look happy at all.

Anyway, his factory is already being sold, so he is just being tough.

Manager Meng didn't mind at all, he didn't come here for Old Shen.

He came today to witness himself, to witness that he had let go of a heavy burden.

The person who was most happy about this acquisition was Manager Meng.

It was he who lent Ou Kai a loan of 7 million. Now that Ou Kai had become like this, it was clear that he would not be able to pay back the 7 million.

If it goes into bankruptcy liquidation, the losses will be huge.

How good it is now. We have a new boss, Qingyin Agriculture, and it is very powerful.

The loan was fully taken over and they asked for interest reduction or exemption, without even asking for an extension. They have no shortage of money, so it's a great company.

After the acquisition is completed, Manager Meng also wants to talk about the loan issue.

I like to lend money to those who are not short of money.

Ten o'clock in the morning, still the Audi.

It stopped steadily at the door of Ou Kai's office building.

Old Shen went out to greet the person, and when he saw the person getting off the car, he couldn't help but exclaimed, "Why is it you?"

The person who came was naturally Luo Yihang.

On the day of the official acquisition, it is reasonable for him to show up.

Luo Yihang smiled slightly and said, "I'm sorry, Mr. Shen, actually I want to buy your factory. As for why I didn't show up before, you should understand."

Of course Old Shen understood.

But he knew better that if he had known in advance that it was Luo Yihang who wanted to buy it, he would never sell it for less than 200 million!
A total loss of 800,000!

Old Shen was so angry that he slapped his thigh and yelled, "Get lost, get lost, I won't sell it anymore, I won't sell it anymore!"

Luo Yihang smiled but said nothing.

Because there is no need.

Old Shen’s roar has not yet faded away.

A lot of people rushed in from outside the factory gate, young and old, men and women of all ages.

The leader was an old man in his seventies.

Seeing Old Shen, he was very happy and shouted from a distance, "Shen's son, I heard from Feng that your factory has been sold and you have money again. When will you pay us back?"

"Yes, yes. When will you pay it back? My family needs the money."

"My son is getting married, and we need to hold a wedding banquet. I need money urgently..."

Old Shen turned his head and was overwhelmed.

These are all his relatives, and they have all borrowed money from him.

Although the total amount is not much, only a few hundred thousand, but there are so many people, seven or eight families, both old and young, came.

Even, a person ran out from his office building and called these people one by one, calling this one "uncle" and that one "aunt", and was extremely enthusiastic.

Old Shen was so angry that he cursed in his heart, "Shen Fenglian, why did I hire such an ungrateful person like you!"

Old Shen was furious and walked away.

Don't want to see these people.

But these people would not let him go.

They followed Old Shen into his office.

Including Luo Yihang.

Luo Yihang helped Lao Shen sit down, took out the contract, and kindly handed him a pen.

Old Shen held the pen, his hands were shaking, and he was reluctant to put pen to paper.

Finally, he threw the pen away, stiffened his neck and refused to sign.

If he doesn't sign, his relatives and creditors won't agree.

What they say is really unpleasant.

They didn't benefit from Old Shen's wealth when he became rich, so when they were in trouble, they came to his family for help and gave him money because they were relatives.

We agreed to circulate the money and pay it back in one or two months.

It's been a month or two, and he doesn't say a word when asked.

We finally agreed to sell the factory and pay everyone back, but you don’t want to sell it anymore?
How can this be done?

But Old Shen didn't care about his dignity at all and just stood there tough.

Then, Manager Meng came out, calmed everyone down, and spoke earnestly to Mr. Shen.

"Old Shen, Mr. Luo did hide something from you, but this is also a common practice. When you buy a piece of clothing, you have to find faults. You can't let the seller see that you really like it, let alone buy it."

"I've seen a lot of mergers and acquisitions, and basically no one does it themselves. You have to find an agent for the negotiations, otherwise there's no way to talk."

"Besides, you have already signed the letter of intent, which is legally binding. The contract has already been actually performed. If you tear it up now, you will be liable for breach of contract. Do you remember how much liquidated damages you agreed on?"

Luo Yihang took out the letter of intent at the right time, flipped through it, and said with a smile: "Not much, 500,000."

"Yes, Old Shen, are you planning to take on another half a million in debt, have a falling out with Boss Luo and tear up the contract, and let the interest pile up and drag down the whole family and make them deserted? Or are you going to sell the factory and live a good life in the future?"

Manager Meng was the last straw.

Old Shen covered his face and cried, "Sign!"

(End of this chapter)