"No, this plan is unacceptable, it is too harsh, too unfavorable to the city, and it is not in line with our spirit of further increasing the intensity of reform and opening up!"

Yin Chaofeng raised his gaze and refused flatly. Even when facing Lin Chunming and Mayor Feng, who had already formed a consensus, he still expressed his attitude without hesitation.

"Lao Yin, I understand your idea, but you should know better than us about the current situation of the radio plant. You are the executive vice mayor, who is in charge of the finance. If this situation continues, how much the city's finance will invest in a year is calculated." Lin Chunming explained patiently.

In fact, when this plan was proposed, Lin Chunming and Feng Shizhang were both shocked.

The municipal finance must bear 70% of the debts of more than 60 million, that is to say, the municipal radio plant will have to divest more than 40 million of debts and hand over to the city to bear them. In this way, the net assets of the radio plant will suddenly become more than 50 million. From paper, this is almost a very excellent enterprise.

Of course, if the current situation continues, in less than two years, the company will become a company with a net asset of only a few million and a debt ratio of up to 90% on the verge of bankruptcy.

It doesn’t matter how high the debt ratio is, the key is whether the company can find a way out.

It is obvious that such a concept of divesting debts is unacceptable to the municipal government, and the negotiations with Duan Yongming were in a tug-of-war.

The debt divestitures quickly dropped from more than 45 million to 30 million, but the city was still unwilling to accept it, thinking it was too high, and finally dropped to 25 million.

In fact, Duan Yongming's team is not very persistent in this regard. In contrast, they are willing to make concessions in this regard, but they are more tough on the issue of divesting employees. They hope to retain only about 3,000 employees, which is something that the municipal government cannot accept.

According to the city's opinions, some of the more than 6,000 employees who are about to retire or are in poor health and some of them are willing to take compensation for the remaining 5,000 new employees should be accepted, but this is something that Duan Yongming and the others absolutely cannot accept.

From divesting the number of debts to reducing the number of employees, Duan Yongming's team has become the focus of negotiations with the Wanzhou Municipal Party Committee and Municipal Government.

But for both sides, the tug-of-war war and attrition were unbearable, so after a week of arduous negotiations, the two sides basically reached an agreement.

That is, about 4,200 employees will be retained, no more than 4,500 employees will be allowed, and the debt will be divested by 25 million.

Duan Yongming's team invested 20 million yuan to account for 35% of the new enterprise, and introduced external strategic investment of 20 million yuan to account for 30% of the shares, the municipal government accounted for 20% of the shares, and the Yuan Radio Factory Trade Union represented the employees of the original enterprise to hold 15% of the shares.

The external strategic investment comes from Hong Kong Huatai, the parent company of Wanzhou Huafeng, which is actually Thunder invested 20 million yuan.

According to the agreement, Hong Kong Huatai Industrial will contribute 30% of the shares, but in fact, the exercise of shareholder rights is entrusted to Duan Yongming himself, and the preliminary period is determined to be five years, which also means that Duan Yongming's team is essentially controlling the new enterprise, which is also the key to convince Duan Yongming's team.

Now the agreement between the two parties is signed, and it will take effect after the agreement has passed the Standing Committee of the Municipal Party Committee and the Standing Committee of the Municipal Government and submitted it to the Municipal Senior Officials' Meeting for review and filing.

Duan Yongming also officially submitted a resignation report to Zhongshan Yihua the day before yesterday, and it is expected that the team that followed him will reach more than 30 people.

"Secretary Lin, Mayor Feng, I understand your feelings, but it is too harsh to let the city finance accept the detachment of more than 20 million yuan in debt, and it is absolutely inappropriate. Since it is a restructuring, Duan Yongming's team and Hong Kong Huatai are also optimistic about this restructuring. Why do we still have to bear such a large debt? They can accept all this debt. If they want to restructuring, they should be restructured thoroughly, and don't leave a tail! All the city withdraws, cleanly, and completely settled!"

Yin Chaofeng's tone was firm, her attitude was clear, and she was also confident.

His views are not unreasonable, and even represent the voices of a considerable number of members of the Standing Committee.

After finally having an outsider came to take over the market, he didn't take the opportunity to clear it up and completely get rid of this burden, but he still had to keep 20% of the equity? And this would cost a huge price of 25 million in debt, which was simply unacceptable!

Do you have to wait until the company is not well managed and be forced to get involved to take over?

At that time, these outsiders may leave with a slap in their butts, and they will go bankrupt. However, your local party committee and government are still one of the major shareholders, and can you escape?

Lin Chunming and Feng Shizhang exchanged glances and felt a little embarrassed because they saw the attitude of several members of the Standing Committee.

Yin Chaofeng's words touched them.

Yes, since we are calling for further reform and opening up, the reform should be more thorough.

It is a company with a net worth of only a few million. Why should it divest part of its debt and turn it into a company with a net worth of more than 30 million and then let those who are willing to take over it?

This is not obvious to the fact that the takeovers don’t know what they think and want to bring the local party committees and governments together.

Even they are unsure of their own minds. How much risk will this reform be?

Will it succeed?

Will it become a disguised loss of state-owned assets?

In a word, it is not worth it to pay 25 million to exchange for the so-called 20% equity of new enterprises. The government should withdraw completely with a firm attitude.

Yin Chaofeng responded to Lin Chunming with his clear attitude, which made Lin Chunming a little embarrassed.

Before, he had been worried that Yin Chaofeng would oppose the reform, and even caused trouble at the Municipal Party Committee Standing Committee and Municipal Government Standing Committee. Unexpectedly, Yin Chaofeng was abnormal this time and had such a clear attitude. He demanded that the reform be carried out to the end, completely withdraw from the radio plant, and get rid of the burden. Of course, the key point is that the municipal finance will never bear the 2,500 debt in exchange for 20% of the equity.

This huge attitude contrast caught him and Feng Shizhang a little off guard.

"Old Yin, let alone whether the other party will agree to withdraw from all of us. If we evacuate all of us at once, it will make the other party feel that we are leaving with our burdens and leave, and will make the other party question our sincerity in the negotiations. Have you considered this?" Feng Shizhang had to interrupt.

This is his point of view, and it is better to retain part of the equity, but not too much. 20% of the equity is more appropriate.

"No, Mayor Feng, if the other party is really confident in the future of this new company, it shouldn't be entangled with these more than 20 million shares. Aren't they a hundred times more confident? I remember that during the negotiations, they were all fighting spirit and thought that the situation would be reversed next year. Could it be that they were all talking big?"

Yin Chaofeng did not give Feng Shizhang face.

This is a good opportunity for him to strive for his independent attitude, and at the same time, it can also let everyone see that his Yin Chaofeng is not opposed to reform and opening up, or even unswervingly carrying out reform and opening up to the end, rather than the fence-based faction who often talks about reform and opening up, but in fact he is still timid and conscious.

"In addition, our municipal party committee and government can also show our attitude through a complete withdrawal in the reform of state-owned enterprises. In addition, to be honest, there are many places to use money this year, and the Economic and Technological Development Zone is in a row and financial difficulties are great. The savings can be invested in the Jianfa Department to accelerate the construction of the Economic and Technological Development Zone."

Yin Chaofeng is in charge of finance and is very clear about the financial situation. He can find countless reasons to explain the financial difficulties, because finance itself is indeed very difficult, and this is not an excuse to find excuses.

Feng Shizhang hesitated a little, subconsciously glanced at Lin Chunming who was frowning and contemplative, and then looked at Tang Hua and Zhong Guangbiao.

Tang Hua hesitated and thought for a while before saying, "Lao Yin, we must also consider the attitude of our partners. Will it be a bit like drawing a board across a bridge? People may not agree."

Tang Hua's words revealed his inner thoughts. He actually hoped to withdraw all of them, which shows that he was still a little worried about whether Duan Yongming and the others could turn the situation around. He felt that it would be more cost-effective to save the 25 million yuan, but he was just worried that the other party would not want to, which would lead to the breakdown of the negotiations.

Zhong Guangbiao was very straightforward: "Mayor Yin, more than 20 million is said, but less is said, "I think we can actually retain some of the shares, which is also considered support for the company. If the company develops well, we will withdraw in the future, which will better reflect the style of our municipal party committee and government."

"Secretary Zhong, now is not the time to talk about style, this is business negotiation!" Yin Chaofeng said coldly: "To be honest, with this 25 million, if the company fails in the future, we can also use this 25 million to clean up the mess and solve the problems of the company's employees. But if all of them are thrown into it and want to take over the mess in the future, we have to dig raw meat. What I said may not be very pleasant, but think about it if this is the case."

Zhong Guangbiao sneered in his heart.

After all, I am still not optimistic about the restructuring of the radio plant this time.

Everyone still had the idea of ​​unloading their burdens and looking for a buyer. They felt that if an outsider invested 40 to 50 million in, they would always solve some problems. If it really doesn't work, the city would be willing to take over again.

In this way, we have an explanation for the superiors and subordinates. It is not that we have not reformed the system, but that the company has not been saved even after the reformed system. Therefore, we have done our best and no one can blame us.

This mentality Zhong Guangbiao feels that Feng Shizhang, Tang Hua and others have existed to varying degrees, and as for Yin Chaofeng and other members of the Standing Committee, it is probably even more so.

No wonder there was a consensus at the secretary meeting. After being brought to the Standing Committee, Feng Shizhang and Tang Hua shrank a little after this debate, especially Yin Chaofeng's firm opposition.
Chapter completed!