Chapter 657 Super Spendthrift

Feng Xiao's straightforward words did not make Deputy Mayor Zhang Ning and others angry, but they just frowned a little, because this sentence from Deputy General Manager Feng already represented the impatience of Zhonghuajia Technology Co., Ltd., and the price was indeed too long.

Although in the process of price negotiation, some additional conditions were not very different in the initial communication, and it was easy to reach an agreement.

Feng Xiao did not wait for Jingjiang's rebuttal, and continued:

"I don't know if the leaders watched the news yesterday. The leading enterprises in the development and manufacturing of domestic engineering machinery and sales revenue exceeded 10 billion yuan last year.

85% of the shares were sold for only 375 million US dollars, and how much is your annual revenue of Dayu Bus Factory? Only 1/20, not to mention that your brand value is far worse than others.

So, 320 million is too high, you are not worth this price?"

Hearing this, Chen Changliu's face suddenly became bad! Because he thought of this typical case of selling state-owned assets at a low price. But soon, he adjusted himself and continued to listen.

Such negotiations are boring. They are just bargaining, wrangling, and talking about how generous they are and what the other party is not good at.

An hour later, Chen Changliu looked at the negotiation memorandum in his hand, thought about it, and clapped his hands when neither side spoke. After attracting everyone's attention, he said:

"Leader, it's meaningless for us to continue wrangling like this. So, we can agree to the purchase price of 320 million, but I have additional conditions."

Chen Changliu's sudden interruption and his agreement to the 320 million purchase made Deputy Mayor Zhang Ning very happy. He was not too worried about the additional conditions.

"Mr. Chen, please speak!"

"It's very simple. After we acquire Dayu Bus Factory, we will not produce fuel vehicles, but respond to the country's strategic call and produce all electric vehicles.

At the beginning, we will first choose electric buses and electric taxis for production.

Therefore, after we launch electric buses and electric taxis, Jingjiang Public Transport Corporation and Taxi Company must purchase them. In the future, when all vehicles that have expired are replaced, they must be replaced with our company's electric vehicles.

Don't worry, we will provide free after-sales service for the products sold to you, and at the same time collect product usage information.

More importantly, after using electric vehicles, not only will the fuel cost of bus companies be reduced, but the fuel cost per kilometer of driving taxis will also drop by 80 to 90 percent, so it will only bring benefits to related practitioners..."

Chen Changliu spent almost 10 minutes to explain that these additional conditions of his own will not harm Jingjiang City.

Yes, Deputy Mayor Zhang Ning understood Chen Changliu's words as these two batches of products as experimental products to see how popular they are when put into the market, so Chen Changliu gave the condition of free after-sales service.

Chen Changliu's sudden decision also made Feng Xiao and Ke Meng frown. They really weren't pretending.

Although the acceptable price was 320 million yuan, they were confident that they could negotiate the price to 300 million yuan because of the acquisition of the largest heavy machinery group in China last night.

Moreover, the additional conditions were different from those discussed before. The previous discussion was not about free after-sales service, but about bearing part of the cost.

However, in the company, Chen Changliu is the authority. As long as he speaks, and in this tone, it is the final decision of the company. Although others can't figure it out or have opinions, they will only communicate with Chen Changliu later.

Everyone in Jingjiang thought about it again and again, but still couldn't figure out whether there was a trap in Chen Changliu's additional conditions. In the end, Zhang Ning agreed.

During the intermission of the meeting, Chen Changliu called Ke Meng and Feng Xiao to the office to explain some precautions in the additional conditions. He did not participate in the second half of the negotiations. The rest were some integration-related things, and he was too lazy to participate.

After seeing off Feng Xiao and Ke Meng, Chen Changliu called Zhao Yanan and asked her to collect information about the acquisition of Pengcheng Heavy Industry Machinery Group, the leading domestic machinery and heavy industry group.

Half an hour later, Chen Changliu looked at the information with a gloomy face.

Yesterday, a certain department of the state agreed that the American financial giant Carlyle would pay $375 million to acquire 85% of the shares of China's Pengcheng Heavy Industry Machinery.

Pengcheng Heavy Industry Machinery Group was established in 1943. It was originally the Eighth Arsenal of the Chinese Army and has far-reaching historical significance.

After the founding of the country, Pengcheng Heavy Industry Machinery Group successively developed my country's first automobile crane, the first steam roller, the first asphalt paver... and made great contributions to the construction of the country.

In 1989, in the wave of reform, the Pengcheng Municipal Government reorganized many local engineering machinery factories and established a large state-owned enterprise, which is now the Pengcheng Heavy Industry Machinery Group, becoming the first group company in the machinery industry at that time.

With the support of the government, Pengcheng Heavy Industry Machinery Group has grown stronger and its production scale has been rising steadily, ranking among the best in the machinery industry.

In August 1996, Pengcheng Heavy Industry Machinery Group was officially listed, with annual operating income exceeding 1 billion yuan and net profit approaching 100 million yuan.

Since then, Pengcheng Heavy Industry Machinery Group has been carrying out enterprise reforms in a big way. By last year, Pengcheng Heavy Industry Machinery Group had become a leading enterprise in the development and manufacturing of domestic engineering machinery, and its products were exported to various countries.

Its operating income and sales income both exceed 10 billion yuan, making it the first group in my country's machinery industry to exceed 10 billion yuan in both. It has become a well-deserved leader, leaving a number of heavy industry companies far behind.

But such a company now sells 85% of its shares for only 375 million US dollars and loses its controlling rights.

It's not that Chen Changliu is so concerned about the country and the people. It's just that as an angry young man, seeing that the brand of crawler cranes that has been ranked among the top 3 in the world in the field of cranes for many years and has produced the "world's first crane" was sold at a low price of only 375 million US dollars, it would be a lie not to be angry.

This can no longer be said to be an ordinary waste, but a super waste.

You know, which country would sell the first domestic brand so cheaply? It's not that it can't survive. On the contrary, its annual revenue exceeds 10 billion, and it is profitable.

PS: The typo will be corrected first and then corrected.