Chapter 345 Reorganization
As early as the eve of New Year's Day in 1995, when heavy snow hit Jiangchuan, the city paid for the resettlement of the laid-off employees of the Red Star Electronics Factory, and the comprehensive restructuring plan of the electrical industry in Jiangchuan City was finally implemented.

This restructuring plan is led by Sennheiser Electric, which will implement bankruptcy acquisitions of Jiangchuan Hongxing Electronics Factory, Jiangchuan Electric Factory, and Jiangchuan Rectifier Factory to form the Jiangchuan Sennheiser Electric Group.

Senhai Electric Group was taken over by Jiangchuan State Investment, but the personnel arrangement still had to listen to the opinions of the competent authority, the Electrical and Mechanical Bureau. With Zhao Shiming's suspension, the position of general manager has become vacant.

In fact, after communicating with Zhang Yunqi, Zhao Jianqiang had his favorite candidate for this position, Wu Rong, deputy general manager of the Municipal State-owned Investment Corporation.

Wu Rong is his old colleague. The two had worked together in Guiping County. Previously, Wu Rong was the president of the Jiangchuan Branch of the Agricultural Bank of China. After the establishment of the Municipal State-owned Investment Corporation, he was transferred to assist him in promoting the reform of Jiangchuan's state-owned enterprises at the instruction of Yang Jiarong.

Sennheiser Electric was the first state-owned enterprise to be restructured by the Municipal State-owned Investment Corporation after its bankruptcy reorganization. Zhao Jianqiang naturally attached great importance to it, not to mention that the Red Star land was now being coveted by all parties. Therefore, he wanted the Municipal State-owned Investment Corporation's leadership to directly take on the role and completely control Sennheiser Electric so as to carry out the next step of work. However, during his negotiations with the Municipal Electrical and Mechanical Bureau, the Bureau proposed a compromise method of competing for the position of general manager.

This method seems scientific and democratic, but in fact, the candidates who are eligible to participate in the general manager competition are limited to the former leadership of Senhai Electric, and the qualifications of the candidates are also restricted. Under various restrictions, the general manager of Senhai Electric Group can only be selected from the former deputy factory directors. But who knows what connection these deputy factory directors have with Zhao Shiming or even the Mechanical and Electrical Bureau? If he can't control the personnel power, then he can't control Senhai Electric.

Of course, Zhao Jianqiang was not angry even though the Mechanical and Electrical Bureau insisted on doing so.

He had a knife, a good knife handed to him by Zhang Yunqi.

Under his arrangement, the investigation materials on Zhao Shiming given by Zhang Yunqi soon appeared in the city and landed on Yang Jiarong's desk. After Yang Jiarong's instructions, they flowed to several units responsible for investigating and handling such incidents (note: the names of the units are not written) according to normal procedures, including the Mechanical and Electrical Bureau, the supervisory unit of Sennheiser Electric.

As Zhao Jianqiang expected, after he again proposed that Wu Rong concurrently serve as the general manager of Sennheiser Electric, no one from the Municipal Mechanical and Electrical Bureau jumped out to oppose it. The leaders of the Municipal Mechanical and Electrical Bureau only hoped that the city's investigation would stop at an appropriate time.

Zhao Jianqiang had no time to pay attention to these details. He immediately reported to Yang Jiarong, finalized the procedures and details of the appointment, and communicated with Wu Rong about the current situation of Sennheiser Electric Group.

The situation of the Sennheiser Group is clear on the table.

No matter who sits in this position, their butt will be burned.

Putting aside the production and operation situation and the huge debts, the primary contradiction facing Sennheiser Group right now is that Zhang Yunqi greatly raised the land acquisition costs of the Red Star Electronics Factory in order to get rid of Zhao Shiming, relocate the laid-off workers, and allow Zhao Jianqiang to take over Sennheiser Electric smoothly. This was originally part of the hidden land acquisition costs that all parties wanted the workers to bear.

Although Zhao Jianqiang and Zhang Yunqi had reached a consensus on this point and felt that it was the best solution for the current situation, looking back now, he had to admit that Taijian had taken an undue approach and brought huge debt pressure to Sennheiser Electric, and he even felt a little regretful after realizing it.

You know, the city is now forced to pay the money, but the account is finally put on the Sennheiser Group, and it has to pay it back. This means that after Sennheiser Electric Group completed the bankruptcy acquisition of Red Star Electronics, the total land acquisition fee paid for the No. 24 Xiangshan Road site in the Red Star factory area was far higher than the "resettlement fee" promised by Phoenix Real Estate. If this industrial land is further changed to commercial and residential land, a high "land transfer" fee will be required.

At this point, if the land is still sold according to the agreement reached with Phoenix Group before, the huge financial loss will have to be paid by Sennheiser Electric Group itself.

Besides, Senhai Electric, the predecessor of Senhai Group, was a company on the verge of bankruptcy, with a bank loan of nearly 90 million yuan and an asset-liability ratio of over %! The only valuable thing it has now is a few plots of land acquired through bankruptcy reorganization, and it has no money to fill this big hole.

So what Zhang Yunqi said was right. No matter who takes over the mess of Senhai, it is unlikely that they will have the courage to sell the land of Red Star to Gao Shan. Wu Rong, who has just taken office, does not have much choice.

After weighing the pros and cons, he and his boss Zhao Jianqiang arranged a meeting with Zhang Yunqi. The meeting place for the three people was still Beihu Park.

This time there is no sunny winter sunshine like last time, but the snowy scenery is pleasant.

The North Lake has been completely covered with ice. Three people stood on the ice. The air was filled with the scent of camphor. Looking around, there was hardly a complete camphor tree to be found in the fields and by the lake. The tree trunks stood alone in the cold wind, looking desolate and lonely.

Zhao Jianqiang and Zhang Yunqi were very familiar with each other, but this was Wu Rong's first time meeting Zhang Yunqi. He was surprised to see this young man in a black windbreaker chatting and laughing with Zhao Jianqiang. He didn't expect that the man behind the scenes of Red Star was so young, but he could see that Zhao Jianqiang respected this young man very much.

This time the three of them were still talking about the ownership of No. 24 Xiangshan Road, Hongxing. The "land sale agreement" signed by Zhao Shiming and Huangcheng Group was signed a year ago. Legally speaking, the land already belongs to Huangcheng, but so many twists and turns have happened in the past year. Now the Municipal State-owned Investment has taken over Senhai Electric. Zhao Jianqiang and Wu Rong do not want to sell the land, so the only way is to cancel the contract as Zhang Yunqi said.

Does this work?
It is inevitable that Gao Shan will launch a crazy counterattack.

Wu Rong has always been worried about this, and he couldn't figure out the real purpose of Zhang Yunqi's enthusiasm for this matter. More importantly, the land acquisition cost of Hongxing was raised by Zhang Yunqi, and this debt now falls on Senhai, resulting in very little room for his operation. There is no room to reach a consensus with Gao Shan, but Zhao Jianqiang trusts this man very much.

Wu Rong thought of this and interrupted, "Mr. Zhang, I have a question for you. If we take over the Red Star land, what are your needs?"

Zhang Yunqi thought Wu Rong was a little bit whimsical.

Perhaps it was because he was a player in the game, but he didn't understand the meaning of the game. Wu Rong didn't want to see the Red Star land fall into Gao Shan's hands. After all, it was the property of Senhai Electric and the Municipal State Investment Corporation. However, their thinking arc was difficult to project to the distant future. They were considering how to do this with the least risk. They even speculated that Zhang Yunqi was also coveting this piece of land, but they didn't see that the land dispute of Red Star Electronics Factory would be a protracted tug-of-war. If there was no strong factor intervention, then within three to five years, it would be an unknown event as to who would end up with that golden land.

At this time, let alone Zhang Yunqi's lack of interest in the land, even if he was interested, it would be too late. He lit a cigarette and said, "I want Red Star's electronic production technology and movement audio head production equipment. I don't want the land, but I hope the city can grant me a piece of land in the suburbs."

It was the first time that Zhao Jianqiang heard Zhang Yunqi mention this: "Are you planning to make a tape recorder?"

Zhang Yunqi smiled and said, "No, I'm going to start a new project in the spring."

Zhao Jianqiang said with a smile: "Boss Zhang has also learned to keep people in suspense? Then I will wait and see." After a pause, he said: "Let's unify our thinking on the Red Star matter. The situation has come to this point. Does Boss Zhang have any good suggestions?"

Zhang Yunqi thought for a moment and said, "In my opinion, we need to make three preparations. First, send a letter to Phoenix Real Estate. Second, submit a report to the city requesting the retention of the Red Star Electronics Factory's land. Third, prepare to sue Phoenix Real Estate and demand the abolition of the 'land sale agreement' signed in November 1993."

At this point, Zhang Yunqi picked up a branch and wrote a big word on the ice:
"drag!"

The next day, that is, on January 1995, 1, Sennheiser Electric Group formally sent a letter to Gaoshan’s Phoenix Real Estate, pointing out that the restructuring conditions of Sennheiser Electric Group had undergone tremendous changes and requesting termination of the contract!

(End of this chapter)