boyutpedia Chapter 407 Studies the Reform Plans of Eight Enterprises Including a Soda Factory 2
Chapter 407 Studies the Reform Plans of Eight Enterprises Including a Soda Factory 2
"I think we can try selling the cannery and textile factory first, and only if we really can't sell them can we carry out shareholding reform!"
Dong Xiyan said.
Although the cannery and textile factory have a lot of debt, who knows, someone might want them?
After all, there are quite a few bold and capable people these days.
It might turn the cannery and textile factory around and make them profitable.
In particular, canneries, if they can export in large quantities, can resolve their 1600 million yuan debt and the 231 million yuan in unpaid wages owed to their employees in less than two years.
They might even make a fortune.
"I think we should first carry out shareholding reforms on soft drink factories, tea factories, wineries, pharmaceutical factories, building material factories, and paper mills."
As for the cannery and textile factory, we can try selling them first, as Deputy County Head Dong suggested. If that fails, then we can proceed with shareholding reforms!
Chu Tianjin said.
It might be inconvenient to reform eight companies at once; it should be done one by one.
Following Chu Tianjin, members of the Enterprise Reform Working Group and the heads of the first, third, and fourth working groups of the Enterprise Reform Office all released their opinions.
"It's great that everyone actively expressed their opinions."
When we do our work, we need to pool our wisdom and efforts, think together, and work together to solve problems.
Actually, I want to sell the pharmaceutical factory, building materials factory, and paper mill as well, because they cause environmental pollution.
However, if they were to sell it, on the one hand, their debts were very high and they owed a lot of wages to their employees, so it was not certain that anyone would be willing to take over.
On the other hand, the people who take over will not spend a lot of money on pollution treatment equipment to deal with wastewater, exhaust gas and dust.
Therefore, these three companies had to stay and undergo shareholding reform.
As for the canneries and textile factories, they should be sold off if possible, and if not, they should be reformed into shareholding companies.
If it's for sale, multiple people can be allowed to jointly purchase it, taking over the assets and liabilities of both factories.
The employees were reassigned to several other companies.
When companies like soda factories undergo shareholding reforms, they can introduce social capital to increase the company's capital.
This will allow businesses to resume normal operations more quickly and have more funds for promotion.
Alternatively, we can merge the food company, soft drink factory, tea factory, winery, pharmaceutical factory, building materials factory, and paper mill to form the Xichun Group.
Fighting alone can easily disperse resources and prevent the formation of a united force.
Every business needs promotion and advertising; if everyone advertises separately, the cost will double.
Why don't we create a unified brand, run a single advertisement, and let several factories benefit together?
Qi Tongwei said.
His initial plan was for every company to promote itself and advertise in order to quickly increase brand awareness and build a reputation.
Later, it was discovered that this would require too much promotional spending.
Xichun County is too poor; every little bit saved counts.
Everyone was shocked by Qi Tongwei's words. They were still worried that the promotion problems of the soda factory and other enterprises would not be solved.
After all, if a food company only has enough money for one month of advertising, then other companies are probably in the same boat.
The county doesn't have much funding.
If the cannery and textile factory can't be sold, the remaining 3400 million yuan will be used to reform eight enterprises, including the soda factory, averaging only 425 million yuan per enterprise.
Although the disciplinary committee recovered some funds, these funds will be returned to the company.
But even with these funds, each company can only advertise for an extra month at most.
Two months later, these companies ran out of money for further advertising.
Qi Tongwei solved this problem by merging several companies and unifying their brands.
"I agree with County Chief Qi's opinion!"
Chu Tianjin immediately said.
Qi Tongwei's idea is excellent; it saves more than half of the advertising costs.
"We agree with County Chief Qi's opinion!"
Yu Fushan and others echoed this sentiment.
"Since everyone agrees, let's merge the food company, soda factory, tea factory, winery, pharmaceutical factory, building materials factory, and paper mill to form Xichun Group."
The specific operations are as follows:
Xichun Holdings Co., Ltd. was established with an investment of 3000 million yuan from the State-owned Assets Supervision and Administration Commission.
Then, Xichun Holdings Co., Ltd. invested 2700 million yuan and the State-owned Assets Supervision and Administration Commission invested 300 million yuan to establish Xichun Co., Ltd.
Subsequently, Xichun Co., Ltd. invested 400 million yuan in each of the following companies: a soft drink factory, a tea factory, a winery, a pharmaceutical factory, a building materials factory, and a paper mill, holding 80% of the shares and thus controlling them, thereby completing the shareholding reform.
At the same time, the State-owned Assets Supervision and Administration Commission transferred the shares of the food company to Xichun Co., Ltd. at the original price.
After the reform of the State-owned Assets Supervision and Administration Commission (SASAC), the government is now responsible for investing in Xichun Holdings Co., Ltd. and Xichun Co., Ltd., and transferring the shares of the food company to Xichun Co., Ltd.
In this way, the group company was established, along with two additional enterprises and an investment of 8800 million, generating 8800 million in GDP.
This is equivalent to an increase of 17.25% in GDP.
"Our county's economic indicators will look better by the end of the year."
Qi Tongwei said.
The minimum standard for establishing a group company in that era, that is, the standard for a municipal-level group company, was:
The parent company has a registered capital of over 1000 million yuan and three subsidiaries, with the total registered capital of the parent company and its subsidiaries exceeding 2000 million yuan.
Xichun Group has reached the standard of a provincial-level group company.
The standard for provincial-level group companies in this era was:
The parent company has a registered capital of over 3000 million yuan and three subsidiaries, with the total registered capital of the parent company and its subsidiaries exceeding 6000 million yuan.
Once the enterprise reform is completed, Xichun County will have one more provincial-level group company.
It also increased GDP by 8800 million, which is equivalent to the GDP of five or six townships.
"Yes, County Chief Qi!"
Everyone nodded.
"In this way, we will have a provincial-level group company."
After the establishment of the Xichun Group, the advertising expenses of the seven companies, including the food company and the soda factory, will be greatly reduced.
Seven companies, including a food company and a soft drink factory, will not need to introduce social capital for the time being.
Introducing private capital now will only dilute the shares held by the government and employees.
As for the money recovered by the Discipline Inspection Commission, it will be used for the company's operation first, and the company will resume production as soon as possible after the reform is completed.
After the enterprise reform is completed, the primary task is to restore normal operations. Without sufficient funds, it is difficult for the enterprise to recover.
As for the food company, Xichun Co., Ltd. will invest another 100 million yuan to increase its shareholding to 80%.
Ensure that Xichun Co., Ltd. maintains a consistent shareholding ratio in the seven companies, including the food company and the soft drink factory.
Qi Tongwei continued.
"Yes, County Chief Qi!"
Everyone nodded.
"As for the cannery and textile factory, we'll try selling them first, along with the land."
If they can't be sold, we should implement a shareholding system reform and introduce social capital as much as possible.
Qi Tongwei said.
"Yes, County Chief Qi!"
Everyone nodded.