Chapter 2498

Gao Zhiyong said, "The final decision-making power for this matter does not lie with me!"

Su Xinghui said, "But your opinion, Director Gao, is also decisive. I hope you can carefully consider our request."

Gao Zhiyong pondered, "Even if our Yanbei State-owned Assets Management Company proceeds with the debt-for-equity swap with you, you still cannot obtain bank loan support now. Where will your startup capital come from?"

Su Xinghui said, "We are going to carry out a joint-stock reform of the Yanfang Group. We have already invited very capable investors who are very interested in investing and becoming shareholders in the Yanfang Group. In addition, the employees are also spontaneously raising funds to buy shares. The equity capital they have handed in now has already exceeded 20 million, and our General Manager Cai personally contributed 20,000."

Gao Zhiyong was shocked again. Originally, he felt it was not easy for the employees to convert their wage arrears into equity capital, but who knew they would also take out additional money to buy shares? In just a few short days, it had already reached over 20 million. For the Yanfang Group, this was tremendous support.

Over 20 million is nothing for such a large enterprise, but this represents the confidence and support of the Yanfang Group's employees for the enterprise. With such employees, can the enterprise not be run well?

Gao Zhiyong said with emotion, "The employees of your Yanfang Group are truly excellent; this is completely like providing charcoal in snowy weather! Especially General Manager Cai, for taking out so much money."

Cai Liye said, "There's no other way. I grew up in the Yanfang Group since I was a child, and I entered the factory after graduating from university. After so many years, I have feelings for the factory. We cannot just watch the factory collapse like this. If I can save the factory, I am willing to go bankrupt!"

Gao Zhiyong said, "With a general manager like you and such good employees, the Yanfang Group seems to have a future after all."

Su Xinghui smiled and said, "So, Director Gao, do you believe in the Yanfang Group's profitability?"

Gao Zhiyong smiled and said, "Emotionally, I believe it, but rationally, I still need to see something tangible."

Su Xinghui said, "That's fine. I have a report here, which is an inventory of the Yanfang Group's assets. You can take a look first. Later, when the investors come, you can also meet them and communicate with them."

Gao Zhiyong nodded, and Xia Song sent him a document, which was the Yanfang Group's asset inventory table, containing all of the Yanfang Group's assets.

Gao Zhiyong began to look at this asset inventory table. The Yanfang Group's main assets were the land. This piece of land was also the main reason why Lu Keren and others insisted that the Yanfang Group should go bankrupt. With the continuous rise in land prices in Yanzhong City and the continuous expansion of Yanzhong City's urban area, the Yanfang Group, which is now located in the center of Yanzhong City, has land already worth hundreds of millions.

The Yanfang Group's office building, factory buildings, and mechanical equipment are probably also worth 100 to 200 million. In fact, the actual value of these things combined with the land is already enough to pay off all debts with some left over. However, if it goes bankrupt and is auctioned, it might not necessarily be sold at its actual value.

In addition, the Yanfang Group's land was still recorded at its value from many years ago. Now it also needs to be re-evaluated for its actual value before it can be re-recorded.

Besides these two parts, there are some current assets. The Yanfang Group's current assets are not worth mentioning compared to non-current assets, probably just over 1 million in monetary funds and tens of millions in claims. These claims are basically all bad debts formed over many years and are very difficult to recover.

Besides this, the Yanfang Group also has another asset, which is their external investment. The Yanfang Group has more than a dozen third-industry companies of various sizes, but these third-industry companies show losses on their books and are already insolvent, so they can no longer be considered assets.

But in reality, most of these third-industry companies are operated by the family members of the company's former leaders. According to the employees, their business situation is quite good; it's just that the operators concealed the income from the Yanfang Group.

Therefore, for this asset, the company is also planning to invite the Yunlong Accounting Firm to conduct a comprehensive audit of these third-industry companies, so as to recover these lost assets.

In short, according to this report, the actual value of the Yanfang Group's assets should be close to 1 billion, far from the point of insolvency, but this is mainly caused by the rise in land prices, and it is impossible to cash it out for the time being.

However, this report gave Gao Zhiyong a great shock. He could certainly see that the book value of the Yanfang Group's land was actually underestimated. If calculated according to the actual value, the Yanfang Group indeed has this many assets.

In this case, the actual situation of the Yanfang Group is much better than he imagined.

The Yanfang Group's assets have increased significantly, while liabilities are decreasing, and the situation of the new leadership team and employees is also good. As long as there is a sum of startup capital, the Yanfang Group can fully restore production and restore profitability.

Gao Zhiyong was looking at the report with great concentration when several people entered from outside. It was Yu Ruizhi, Chu Zheng, Han Xiang Dong, and others who had come specially from the capital.

Su Xinghui introduced the identities of Yu Ruizhi and the others to Gao Zhiyong. Yu Ruizhi and their companies are now considered well-known enterprises in the country. When Gao Zhiyong heard that these companies were all their industries, he couldn't help but feel a sense of awe. Su Xinghui had actually invited such capable investors.

After the pleasantries, everyone sat down separately. Yu Ruizhi told Gao Zhiyong about their plan to participate in the Yanfang Group. They planned to establish an investment company to inject capital and participate in the Yanfang Group. The currently tentatively set capital injection amount is 300 million yuan, which will be used as startup capital for the Yanfang Group to restore production.

If necessary, they can also add to this fund and own equity in the Yanfang Group according to the asset ratio.

Of course, they will also send people to join the board of directors of the restructured group company according to the equity ratio and participate in the company's operation and management.

Their other conditions are also very generous and very favorable to the Yanfang Group. If they follow their plan, this will be a win-win cooperation.

Yu Ruizhi's words shocked Gao Zhiyong. Taking out 300 million yuan in cash at once, and still being able to add more, these investors are truly capable!

Gao Zhiyong's original thought today was that the Yanfang Group should be finished, but for the sake of Su Xinghui, a debt-for-equity swap was not impossible. After all, the Yanfang Group is a state-owned enterprise, and the bank loans they owe are also the country's money. Even if this money is eventually lost, it will ultimately be the country's.

But now, his thoughts have changed somewhat. It seems that the Yanfang Group really has a future, so it is feasible for the Yanbei State-owned Assets Management Company to conduct a debt-for-equity swap with the Yanfang Group. Gao Zhiyong's current thoughts have nothing to do with Su Xinghui's identity.

Even if Su Xinghui did not have such an identity, Gao Zhiyong would still have a high probability of supporting the debt-for-equity swap for the Yanfang Group.

Of course, Gao Zhiyong is still relatively cautious. He still needs to see whether the Yanfang Group really has so many assets and whether Yu Ruizhi and the others will really invest. He also needs to wait and see.

However, in general, Gao Zhiyong had a feeling of looking at the Yanfang Group with new eyes today. He chatted very congenially with Su Xinghui, Yu Ruizhi, and the others. After the chat, Su Xinghui also took Gao Zhiyong around the factory with Cai Liye and the others.