Chapter 59

A member of the military enterprise reform group suggested to Guo Haijun, "Group leader, can we allocate some of the equipment from the Third Military Equipment Repair Factory to China Resources Industry, to be counted as their fixed assets?"

Before Guo Haijun could respond, his colleague immediately rejected the suggestion, "Isn't that inappropriate? The equipment of the Third Military Equipment Repair Factory belongs to the state. Lending it to China Resources Industry is one thing, but allocating it to them is another matter entirely."

The one whose suggestion was rejected was不服气 (unwilling to accept it): "Why is it inappropriate? China Resources Industry is the third industry office of the Third Military Equipment Repair Factory, a subsidiary of the factory. Moreover, Comrade Chen Geng's request to invest in China Resources Industry has been approved by the higher-ups. Don't you understand the principle of special handling for special cases? Besides, this doesn't even qualify as special handling..."

The two argued fiercely, but it wasn't entirely their fault. After all, there was no precedent for this, and the military enterprise reform group had to figure it out on their own. Without a precedent, everyone lacked theoretical and legal basis, so disputes were inevitable.

"Comrade leader, can I offer an opinion?" Liu Qianjin cautiously asked as the internal debate within the military enterprise reform group intensified.

"Comrade Liu Qianjin, please go ahead," Guo Haijun smiled and nodded, "Also, don't call me 'Comrade Leader.' I'm not a leader. You can call me Comrade Guo Haijun, Comrade Haijun, or Group Leader Guo."

"Yes, Group Leader," Liu Qianjin, of course, wouldn't dare to call him "Comrade Guo Haijun" directly. He used a respectful but slightly less formal title. Before stating his opinion, he first confirmed with Guo Haijun, "Group Leader, our Third Military Equipment Repair Factory is the parent factory of China Resources Industry, meaning that theoretically, our factory holds 100% of the shares in China Resources Industry, right?"

Guo Haijun nodded and answered very affirmatively, "China Resources Industry is the third industry office of your East China Military Region's Third Military Equipment Repair Factory. So, saying that the Third Military Equipment Repair Factory holds 100% of the shares in China Resources Industry is correct."

Although Liu Qianjin didn't specify what he wanted to ask, Guo Haijun was now curious about his words.

Chen Geng was also curious. What did Liu Qianjin want to say?

"According to the agreement we reached with Manager Chen when he took over, if China Resources Industry makes a profit, 30% of the net income should be remitted to the parent factory, which is our Third Military Equipment Repair Factory. We hold 100% of the shares in China Resources Industry but only take 30% of the profits. Since the possibility of merging the Third Military Equipment Repair Factory with the First and Second Military Equipment Repair Factories is now slim, I want to ask: how much of the shares in China Resources Industry can our Third Military Equipment Repair Factory hold? And can we value the land, factories, offices, and equipment currently used by China Resources Industry and convert them into shares in China Resources Industry Development Co., Ltd., to increase our dividend ratio?"

As soon as Liu Qianjin finished speaking, the eyes of the leaders of the Third Military Equipment Repair Factory lit up: Damn! They were so scared by the news of the military region planning to merge the First, Second, and Third Military Equipment Repair Factories into a large comprehensive military equipment repair factory that they almost forgot about the significant matter of retaining shares in China Resources Industry.

Everyone had seen the development and future prospects of the third industry office after Chen Geng took over. Now that Chen Geng could invest in the third industry office, it would become his own enterprise, and he would be even more dedicated. The future prospects of the third industry office were naturally bright. This was the perfect time to secure more benefits for the Third Military Equipment Repair Factory, which would also benefit themselves. Why wait?

Valuing the land, factories, equipment, offices, and furniture currently rented by China Resources Industry to increase the dividend ratio of the Third Military Equipment Repair Factory? Guo Haijun's eyes lit up: This was a good idea!

As for how to calculate the value of these production resources and the value of the technology Chen Geng brought in, Guo Haijun didn't see it as a problem. However, he still wanted to hear Chen Geng's opinion: "Comrade Chen Geng, what do you think?"

"I have no objections," Chen Geng answered without hesitation.

Being able to buy the equipment, offices, and factories at a valuation was, of course, the best outcome. Of course, doing so would be a loss for Chen Geng, but he didn't care. If the rights and responsibilities weren't clarified now, it would be more troublesome in the future. Compared to the future troubles of unclear rights and responsibilities, this was nothing. He was even eager to use this opportunity to secure more land for production and construction.

Thinking about securing some land for production and construction, Chen Geng shuddered: How could he forget such a big thing? He quickly added, "Right, Factory Director, Political Commissar, if the factory really plans to do this, can we take this opportunity to allocate more land to us?"

"What do you need the land for?" Liu Qianjin was somewhat surprised.

Chen Geng explained, "China Resources Industry needs to expand production, so we need some land for construction. Additionally, considering future development, I plan to reserve some land."

"Hmm, I don't think there's a problem with that," Liu Qianjin agreed. Seeing the current development momentum of China Resources Industry, he felt it was indeed necessary to reserve some land. He looked at Peng Guangming and Guo Haijun, "Old Peng, Comrade Leader, I think Comrade Chen Geng's suggestion is good. What about allocating 200 acres to China Resources Industry?"

"200 acres? That's not enough. I think we should allocate at least 300 acres!" Peng Guangming also thought Chen Geng's idea was good but felt Liu Qianjin was being too stingy. What could 200 acres be used for?

"Then let's make it 400 acres." Chen Geng immediately seized the opportunity.

Liu Qianjin and Peng Guangming exchanged glances and nodded in unison, "400 acres it is!"

Chen Geng's face was beaming with joy.

He remembered very clearly that around 2012, the land where he was sitting was developed into a high-end residential complex, with an average price of 16,000 yuan per square meter. All the units were sold out in just five days because the complex had excellent greenery, and many of the old trees in the Third Military Equipment Repair Factory, which were at least 30 to 40 years old, were preserved, becoming the core selling point of the real estate developers...

As long as there were no conflicts between the Third Military Equipment Repair Factory and China Resources Industry, Guo Haijun had no objections. He asked symbolically, "Does anyone have any objections to this distribution plan?"

Shen Jianhua, who had been quietly sitting like a wooden man, suddenly spoke up, "Leader, I have a question."

Damn! This Shen Jianhua, why are you always around? Liu Qianjin and Peng Guangming, who were about to enjoy their victory, were instantly furious. If it weren't for the presence of the leaders, they would have wanted to beat up Shen Jianhua: You can pick on the Chen family father and son all you want, but can't you consider the bigger picture at this moment?

Although they were furious, they had already secretly decided: Once this matter is settled, they would deal with this old bastard!

Guo Haijun, who was about to say, "Since you have no objections, let's proceed with this plan," was also a bit dissatisfied, but as a leader, he maintained his composure. He looked at Shen Jianhua and nodded, "Go ahead."

Shen Jianhua, who didn't notice Guo Haijun's glance, was now excited: "I want to ask Comrade Chen Geng, how should the shares of the workers in China Resources Industry be calculated?"

The third industry office was a large collective enterprise, and theoretically, everything in the third industry office, including China Resources Industry, belonged to the current employees. Now that the leaders allowed Chen Geng to invest with his technology, how should the shares of the original workers be calculated? Shen Jianhua's question seemed reasonable, but Chen Geng sneered inwardly: I knew this guy wouldn't be so honest!

Shen Jianhua and the Chen family had been at odds for years. Chen Geng was uneasy because Shen Jianhua hadn't made any moves earlier, suspecting he was up to something. But now that Shen Jianhua spoke, Chen Geng was relieved: So, you plan to make a fuss here, huh? Haha...

This question wouldn't trouble Guo Haijun. He nodded slightly to acknowledge Shen Jianhua's question and then kicked the ball to Peng Guangming: "Comrade Guangming, you are the party secretary of the factory. What do you think about this issue?"

Peng Guangming was already furious with Shen Jianhua for causing trouble at this critical moment: Why couldn't you cause trouble at any other time? When he heard the question, he didn't hesitate to say, "I think Comrade Shen Jianhua's question is somewhat inappropriate."

"Oh?" Guo Haijun seemed a bit surprised by this answer and raised his eyebrows, "Why?"

Peng Guangming explained, "Theoretically, China Resources Industry is a large collective enterprise, but this is only in a general sense. Our Third Military Equipment Repair Factory is a special case. The young people in the third industry office are actually temporary workers hired by the Third Military Equipment Repair Factory and temporarily assigned to the third industry office. Since they are temporary workers of our factory, they can't be considered part of the third industry office, can they?"

"Temporary workers? That is a problem," Guo Haijun nodded. Saying that permanent workers are part of a large collective enterprise was uncontested, but saying that temporary workers are part of it would likely upset the permanent workers. He asked Shen Jianhua, in a gentle tone, "Comrade, is what Comrade Guangming said correct?"

Dare Shen Jianhua say that Peng Guangming was wrong? Despite his face twitching uncontrollably, he had to admit, "Yes..."

PS: The author's backend has been updated, and I couldn't find the new or old books. I've just fixed it. Brothers, I'm sorry for the delay.