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Chapter 392 - 392 Picked Up a Great Bargain_l
Chapter 392 - 392 Picked Up a Great Bargain_l
Chapter 392: Chapter 392 Picked Up a Great Bargain_l
Translator: 549690339 |
[Shenwei Group has filed for bankruptcy protection due to poor management.]
The pop-up news captured Jiang Xu’s attention.
His thoughts immediately drifted back to an analysis report made by a blogger he had seen in his previous life.
After entering 2019, the domestic new energy market experienced explosive growth.
Among them, BD shone the brightest.
It quickly became a leading enterprise in the new energy sector.
Additionally, there was another company specializing in batteries, Mingde Times.
It also grew from a small enterprise to a big brother in the battery field.
But very few people knew
that actually, there was a company that had been laying out its battery sector even earlier than Mingde Times.
That was Shenwei Batteries.
The owner of this company had a very strategic vision.
He saw early on that the future would definitely belong to new energy and dove headfirst into this field, sparing no expense.
He also achieved no small amount of research success, holding many patents that were very practical.
This strategy had no issue.
But the problem was, he entered the market too early.
Before the state subsidies for new energy had started, he was already out of funds for research, unable to keep the business going and had no choice but to declare bankruptcy.
Ironic as it was, just a few years after Shenwei Batteries’ bankruptcy, the new energy subsidies began.
If Shenwei Batteries could have held on a few more years, the title of leader in
the battery field might not have fallen to Mingde Times.
Jiang Xu stared at this news for a while and chuckled, “You’re lucky I saw this news.”
He immediately called Ally and had her make contact with the person in charge of this company.
To see how much they were willing to sell for.
Jiang Xu remembered that the original patents of this company were eventually bought by Mingde Times, which rose later.
If he bought it now, he would only keep the research and development department and lay off the rest. Supporting it for a few years wouldn’t be a big problem.
Now it all depended on what price Shenwei Batteries’ owner would quote.
Ally agreed nimbly.
The next morning at nine-thirty, Ally called, saying the owner of Shenwei Batteries wanted to meet with him in person.
He had hurried over from Fu City overnight.
This showed that the other party was very sincere.
Jiang Xu asked Ally to book a hotel first, and he would follow soon after.
An Nuonuo had also woken up.
She conscientiously helped Jiang Xu get dressed neatly, then put on her slippers and went to make breakfast.
At ten twenty, the two of them set off.
Riding in a Maybach.
Yes, a newly purchased one.
An Nuonuo was also going to visit several companies under her name.
The owner of Shenwei Group was from Fu City, named Wang Defa.
When Jiang Xu met him, his attire was very proper, indistinguishable from a successful person.
However, Jiang Xu still noticed the helplessness and defeat hidden deep in his eyes.
Ally followed behind Jiang Xu.
Today she wore a dark blue blazer with a white silk shirt underneath, simple yet elegant.
The neckline of the shirt was slightly open, revealing her slender neck.
The well-tailored blazer accentuated her figure.
She wore black straight-leg pants that reached just to her ankles, striking a balance between professionalism and femininity.
Paired with black pointed-toe high heels, they added to her height and elongated her legs.
In the short time she had been here, both her style of dress and makeup had already blended in.
Jiang Xu knew that many male employees in the company had already begun pursuing Ally with zeal.
If she doesn’t betray us in the future, marrying her off to one of the employees could actually be a good thing.
As for her past…
Everyone has a history they’d rather not look back on.
As long as she is willing to let go of the past, Jiang Xu sees no problem with it. Moreover, even the most rundown Rolls-Royce still beats a Nissan Tiida.
-Mr. Wang, let’s not beat around the bush,” Jiang Xu said as he sat down, getting straight to the point, “How much do you want for the entire Shenwei Group?”
Wang Defa said gravely, “I’ve put a lot of effort into this company.
Now that you, Mr. Jiang, are willing to buy it, it proves that you are optimistic about the future of this industry.”
Jiang Xu nodded.
Wang Defa continued, “If I weren’t truly desperate and penniless, I would never consider selling the group.
If you’re serious about buying, I’ll give you all the equipment and patents, everything, for thirty billion. But you have to agree to two conditions.” Thirty billion was much less than Jiang Xu had expected.
He had thought it would take at least fifty to sixty billion to seal the deal.
He nodded slightly, “Please go on.”
Wang Defa said, “First, I hope that the severance pay for all the employees of the group can be provided at the highest standard on your part.
Second, I hope that you will continue the research and development.”
Neither condition seemed significant to Jiang Xu.
However, business is business, and the price must still be discussed.
In the end, the deal was struck for twenty-six billion, including the two conditions put forth by Wang Defa.
Afterward, Jiang Xu dispatched two hundred employees from his company, led by Jiang Xiaoxiao and Ally, to join Shenwei Group.
They had to clarify all accounts, patents, and debt disputes before they could sign the contract.
Before leaving, Jiang Xu gave Wang Defa a check worth one million.
He now looked every bit the successful businessman.
But Jiang Xu knew that he might not even be able to afford a cup of milk tea. Touched, Wang Defa suddenly said, “If Mr. Jiang doesn’t mind, could I join the R&D department? I’d like to continue to fight for my dream there.” “That would be great,” Jiang Xu replied joyfully, extending his hand, “Pleasure doing business.”
He had had someone check on Wang Defa’s background in the morning.
He was a graduate of a prestigious school, and his field of study was electrical engineering, which matched perfectly.
He also had a strong attachment to Shenwei Group.
His joining would be a good thing.
After sending off Wang Defa, Jiang Xu also headed to his own company.
The entire office building was full.
Jiang Xu considered whether to buy another one or build one himself. Most well-known enterprises have their own unique office buildings, emblematic of their corporate culture.
But after some thought, Jiang Xu decided against it for now.
The funds weren’t sufficient.
The cash he had on hand was about fifty billion.
Acquiring Shenwei Group would take a significant chunk out of that.
He needed at least ten billion for subsequent R&D investment.
And a portion of the funds had to be reserved for emergencies.
Jiang Xu sometimes felt he wasn’t a qualified reincarnate.
In many novels, someone who reincarnated had an estate worth hundreds of billions within a few months and reached a trillion within a year.
He had been striving for over two years, and his net worth was just over three hundred billion.
Avi’s eyes brightened when she saw Jiang Xu.
Her round eyes spinning, she quickly took it to heart, “Hehe, just watch how I’ll clinch you, my dear boss-“