allendalepharm Chapter 39 With the help of Li Huiting
Chapter 39 With the help of Li Huiting
"Manager Li, this is wonderful!" Lin Zhou couldn't contain his joy, his voice rising slightly. "I'd like to take over the factory's equipment and employees. What's the approximate transfer price for the equipment? And what procedures are required to take over the employees?"
Seeing his delight, Li Huiting smiled as well: "The transfer price of the equipment will be much lower than the market price because it's part of bankruptcy liquidation. According to the assessment report, the residual value of this equipment is around HK$300,000. If you really want it, you can talk to the liquidation team again and maybe get an even better deal."
"As for taking on employees, the procedures aren't complicated," she continued. "You'll need to talk to the workers in person and then sign new employment contracts with each individual. Our bank can help you contact the head of the liquidation team and arrange a meeting for you to discuss the details."
Lin Zhou nodded, quickly calculating in his mind. Buying a complete set of production equipment for 300,000 Hong Kong dollars, plus more than 50 skilled workers, was definitely a worthwhile deal. If he were to buy new equipment himself, a single production line would cost hundreds of thousands, and with other equipment, it would easily cost 600,000 to 700,000, and he would have to wait several months for delivery. Now, not only could he save a large sum of money, but he could also start production immediately, which was extremely important for him, as he was eager to participate in the exhibition.
"Manager Li, thank you so much for this information, it's been a huge help!" Lin Zhou said sincerely. "Then could you please contact the head of the liquidation team for me? I'd like to meet with them as soon as possible and hopefully finalize things this week, to avoid any unforeseen complications."
"No problem," Li Huiting readily agreed. "I'll call the liquidation team this afternoon to discuss your situation and then give you an answer. Oh, and Mr. Lin, there's one more thing I need to make clear to you."
Her expression turned serious: "These devices are secondhand. Although they're working properly now, there might be maintenance issues later. You'd better arrange for repair personnel in advance, or contact the equipment supplier for after-sales service. Also, after you take over the factory employees, you need to train them as soon as possible to familiarize them with the production process and technical requirements of small appliances. After all, there are some differences between producing radios and small appliances."
"I've considered all of this. After all, our factory won't be starting operations until next month, so there's no rush. I need to negotiate with them to see how many people are willing to go," Lin Zhou said. "I've also prepared to contact a veteran repairman who has worked in the appliance factory for over ten years, so he can be on duty to maintain the equipment as soon as operations begin. As for employee training, I plan to guide the technicians after the equipment is installed and debugged, and then have the technicians train the employees to ensure they can get started as quickly as possible."
Seeing how thoughtful he was, Li Huiting couldn't help but look at him with even greater admiration. This young man was not only decisive but also meticulous and methodical; no wonder he had achieved so much at such a young age.
"That's good." Li Huiting nodded in satisfaction. "By the way, Mr. Lin, do you have enough funds to build your factory? If you need a loan or financing later, our bank can also provide you with relevant services, and we will offer you the most favorable interest rate policy."
Lin Zhou smiled and said, "Thank you for your kindness, Manager Li. The funds haven't arrived yet, but they should be in the account next month. The funds for factory construction are in place, but the funds for equipment purchase will have to wait."
"Oh, what does Mr. Lin mean by this?" Li Huiting asked, puzzled.
"I just published a novel! The royalties won't be transferred until next month, and the money for this equipment purchase also won't be paid off until next month." Lin Zhou said a little embarrassed.
"I didn't know Lin Sheng was a writer! I wonder what novels he's published that make so much money?" Li Huiting asked curiously.
"Yes, it's the 'A Step into the Past' series that our newspaper serialized a while ago."
"The novel 'A Step into the Past' was written by Lin Sheng? It seems you are quite a talented person. I didn't expect Lin Sheng to be a household name at such a young age."
"I was forced into this situation; otherwise, the newspaper would have been barely hanging on, so I had no choice but to take a gamble."
"That's true. It seems you succeeded, Lin Sheng," Li Huiting said sourly.
"Yes, the money from publishing this novel has relieved my financial pressure. However, when the factory expands production in the future, we may need to trouble HSBC. I hope Manager Li will take good care of us then."
"That's for sure," Li Huiting said. "HSBC has always been committed to supporting the development of high-quality enterprises. Mr. Lin, you have a bright future, and we are very willing to maintain a long-term cooperation with you."
The two chatted for a while longer, with Lin Zhou inquiring in detail about the radio factory's specifics, which Li Huiting patiently answered one by one. Seeing that it was getting late, Lin Zhou got up to leave: "Manager Li, thank you so much for your help today, for taking up so much of your time. I'll definitely thank you properly once things are settled."
"Mr. Lin, you're too kind. It's all I should do." Li Huiting also stood up and saw him to the door. "I'll call you this afternoon after I've contacted the liquidation team. I'll wait for you at the radio factory gate then. By the way, should I call the newspaper office or your home phone?"
"Thank you! Call the newspaper office! I should be there this afternoon." Lin Zhou smiled and nodded, then turned and left the office.
Stepping out of the HSBC building, the afternoon sun was a bit dazzling, but Lin Zhou felt a surge of energy. He looked up at the azure sky, his heart filled with boundless ambition. The equipment and personnel issues were about to be resolved, and his small appliance factory would soon be ready to set sail.
He went to a public phone booth and dialed the number of the person in charge of factory construction: "Hello, is this Manager Zhou from the construction company? This is Lin Zhou. How's the factory construction progressing?...Okay, speed things up and try to top it out by the end of this month...Yes, we've made progress on the equipment and worker issues. Once we've finalized the agreements, we can start installation and testing...Okay, thank you for your hard work!"
After hanging up the phone, Lin Zhou took a deep breath, a confident smile spreading across his face. He knew that the road to entrepreneurship was destined to be bumpy, but as long as he seized every opportunity and took each step steadily, he would definitely achieve his goals. This trip to HSBC was undoubtedly a significant turning point in his entrepreneurial journey.
He glanced at his watch; it was still early, so he decided to go check out Chung Wah Security first. There had been several complaints from residents about the disturbance, so it seemed it was time to move the factory to the Yuen Long area. This time, he would tell them to stop training at night and only allow training during daytime working hours.