"Let's talk about the current situation of the factory." After arriving at the meeting room, Chen Yiyang called in several members of the factory's management team.

Thanks to Chen Yiyang having previously fired all the foreigners in the factory, the management team could now fit into a single meeting room.

"Previously, our factory was responsible for processing material packages for some fast-food companies," Liu Xiaoyue said, "but recently the overall offline dining industry has been somewhat sluggish, so our profits are also declining."

"How much money is left in the factory's account?" Chen Yiyang suddenly asked.

"Apart from the three months' salary reserved for employees and payables, the remaining liquid funds are only 800,000," Liu Xiaoyue answered promptly, having prepared for this question.

A factory with assets of 40 million, but liquid funds down to only 800,000.

Is this normal?

No, it's not normal.

Chen Yiyang originally expected the factory to have debts of 10 to 20 million for such offline heavy assets.

Unexpectedly, the factory still had money on the books.

Chen Yiyang thought he might have previously misunderstood the Bharat-descended factory director; he seemed quite capable.

"The awkward situation is that even though there's no debt, future profitability is not very clear. Furthermore, due to the overall environmental impact, suppliers are demanding the repayment cycle be changed from six months to three months. This increases the financial pressure on the factory."

"Oh." Chen Yiyang responded and then continued to ask, "So, what are your thoughts?"

"We want to transform." Liu Xiaoyue projected a PPT onto the meeting room's big screen to explain to Chen Yiyang.

"In the last year or two, the concept of pre-made dishes is extremely popular. Although reviews on pre-made dishes online are mixed, it cannot be denied that they are a major trend for the future. So I want to shift the factory to provide material packages for pre-made dishes to small and medium-sized dining establishments. Although there are changes in the products we're making, the shift isn't too major."

"Sounds feasible." Chen Yiyang agreed with Liu Xiaoyue's point.

Pre-made dishes are liked by some and disliked by others. Despite ongoing online opposition, pre-made dishes have increasingly been accepted by many dining establishments over the years.

After all, the cost is very low.

Offline dining establishments that use pre-made dishes can save costs not just through lower prices but also by reducing the need for staff.

One of the largest expenditures for offline dining establishments is precisely in personnel costs.

"How much investment would be needed for the transformation?" Chen Yiyang asked.

Since Liu Xiaoyue had prepared such a comprehensive PPT on the factory's transformation into pre-made dishes, it was evident that the entire management team had already decided.

However, transforming traditional offline heavy-assets is difficult because deciding to transform means purchasing new machinery and retraining workers.

For physical factories that have been in debt for years, it's extremely challenging.

"Around 10 million would be needed," Liu Xiaoyue said while looking at Chen Yiyang.

He wanted to see if there was any change in Chen Yiyang's expression.

The 10 million, Chen Yiyang certainly had.

He was in a state where he had so much money he couldn't spend it all. He had over 60 million in cash but didn't know what to invest in.

Still, before deciding on the investment, Chen Yiyang wanted to look at some other things.

"Bring me the factory's expenses on wages and overtime."

The documents were brought quickly.

Chen Yiyang examined them carefully.

Because Dry Mud Factory was previously a foreign enterprise.

As everyone knows, foreign enterprises strictly comply with labor laws, so the factory's treatment has always been good.

The standard eight-hour workday covered almost all workers. When overtime occurred, it was paid accordingly.

Chen Yiyang looked at the wage expenditures for the management team.

Compared to the workers' wages, they were much higher. But that's because there used to be a large number of foreign management personnel.

Now that Chen Yiyang has dismissed them, the factory's wage expenditures have normalized.

"Do you have any bonuses or profit-sharing as management?" Chen Yiyang asked.

"We receive year-end bonuses and an extra two months' wages at the end of the year. Ordinary workers also have year-end bonuses but no extra wages. As for profit-sharing, there's currently none."

"Going forward, give workers who have worked for more than a year an additional two months' wages at the end of the year. Also, set aside 10% of profits for you management to divide among yourselves."

"What about the investment?" Liu Xiaoyue asked.

"I'll transfer the money to the factory's account in the next few days. But this money is considered a loan to the factory, with interest, and the loan agreement needs to be renewed annually."

If Chen Yiyang directly invests the additional 10 million in the factory, it would be considered the factory's money. Even if the factory makes money later, Chen Yiyang would have to pay taxes to withdraw it.

But if it is only lent to the factory, then even if the factory can't repay it, the loan agreement can be renewed annually. This means every year the factory borrows 10 million from Chen Yiyang and pays back the interest and principal at year-end. Then Chen Yiyang renews the contract and lends the money to the factory again.

This way, if Chen Yiyang wants to take dividends from the factory in the future, he can follow the repayment process and reduce taxes.

"We understand." Liu Xiaoyue obviously knew the reason behind this.

However, Chen Yiyang's willingness to trust them and invest was already a huge vote of confidence.

"The factory's compliance with labor laws has been good; maintain the previous standards going forward. Do not lower wage standards just because it is no longer a foreign enterprise."

"We understand." Liu Xiaoyue nodded quickly and then cautiously asked, "What about the specific ongoing work in the factory?"

"You will be responsible for the specific work. You can decide on expenses under 100,000, and for those over 100,000, the management team will hold a meeting, and if most agree, it's approved.

If a signature is needed, notify me, and I'll come to the factory to sign from time to time."

"Then what?" Liu Xiaoyue continued to ask.

"What else is there?" Chen Yiyang closed the document before him, "I've explained everything. From now on, you management can discuss among yourselves. If you can't agree, come find me."

After speaking, Chen Yiyang stood up.

"Oh, someone take me to tour the workshop."

Someone was arranged to guide Chen Yiyang through the workshop. Liu Xiaoyue, who stayed in the meeting room, was still in a daze.

Other management members checked the time on their phones.

Has this meeting lasted half an hour?

Not really, it's only been twenty-eight minutes.

"Which rich second-generation is here for fun?" A management member whispered.

Liu Xiaoyue immediately turned back to glare at him.

"Meeting such a good boss, you should be thinking about how to effectively transition the factory.

Didn't you hear earlier about the annual ten percent profit sharing? Doesn't anyone want to make money?"

With Liu Xiaoyue's shouting, the entire meeting room immediately sprang into action, discussing the specific details of the factory's future transition.

Meanwhile, Chen Yiyang went into the factory and asked several front-line employees about the factory's benefits and overtime situation.

It was similar to what Liu Xiaoyue said before.

After all, it was previously a foreign-owned factory, so things were fairly regulated.

Thus, Chen Yiyang left the factory satisfied.

As of now, his arrangements for the factory are complete; after all, he had never learned how to manage a factory before.

Since Liu Xiaoyue and the others did well before and have plans for the future.

It's best to leave it to them to handle.

Currently, Chen Yiyang plans to delegate the signing authority after a month or two.

He doesn't have the time to stay at this factory all the time.

A food factory with total assets of forty million, if the owner makes a hundred thousand a year it would be considered good.

If he exploits the factory without considering its future, he might earn two hundred thousand a year, but after a few years the factory will declare bankruptcy.

Chen Yiyang could dig up antiques and likely make more money within a few weeks.

Hence, Chen Yiyang's attitude towards the factory is to let professionals handle professional tasks.

If Liu Xiaoyue does well, the factory could contribute to Chen Yiyang's path to becoming the richest man.

If Liu Xiaoyue doesn't perform well and the factory incurs losses.

Chen Yiyang can sell the factory for twenty to thirty million and simply leave.

After all, this factory was just obtained in exchange for a slab.

Clearly, due to Chen Yiyang's carefree style.

Before the workers finished their shift, half the factory already knew the new boss was a rich second-generation.

Meanwhile, Chen Yiyang bought some fishing gear, planning to retrieve the gold ingot mentioned in intelligence tonight.

"Boss, are you going fishing?" The driver arranged by the factory for Chen Yiyang, named Li Dingjun, was a local veteran.

Seeing Chen Yiyang bring a bunch of fishing gear back to the car, he curiously inquired.

"Yes, planning to fish tonight."

"Where will you go fishing, have you chosen a spot?"

"A friend told me there's a river in the An Nan District with plenty of fish, I'll check it out tonight," Chen Yiyang replied casually.

"Boss, I also have a friend who frequently fishes in the river over there. Should I ask if he's going tonight?"

"Sure," Chen Yiyang agreed.

According to the map in the intelligence.

The iron box containing the gold ingot is hidden at a spot in the middle of the river, and needs to be fished out using a rod with a magnet.

So Chen Yiyang didn't plan on retrieving the box during the day.

He intended to act once the other fishermen had left at night.

Having someone to help with some cover is good.

Seeing Chen Yiyang's agreement, the driver immediately called his friend. Shortly after, he turned to Chen Yiyang and said, "My friend is about to go there now, shall we go find him? We can bring him along."

"Sounds good," Chen Yiyang nodded in agreement.

Soon, the driver drove to the location.

Shortly thereafter, a tall, thin man carrying a fishing rod approached the car.

A woman's voice came from behind the man.

"Where are you going, He Qiang!"

If you find any errors ( broken links, non-standard content, etc.. ), Please let us know < report chapter > so we can fix it as soon as possible.