Return to Singapore 1995

Chapter 295 Returning to China for Auction and Industrial Opportunities

In the early morning, Li Xiaofan got up early, rushed to Singapore Changi International Airport, took an early morning flight back home, and flew to Shanghai Hongqiao Airport.

A few days ago, Wu Xiumei, the person in charge of Mingzhou Yifan Industry and Trade Company, reported to him that an old street enterprise closed down near the moat on Xihe Street in Haishu District, and the assets were being auctioned. It felt like a good deal.

Wu Xiumei said that this street factory covers an area of ​​more than 8 acres and about 5,500 square meters, and is close to Mingzhou's old moat and Haishu Park. The above-ground construction area is only 2,500 square meters, consisting of a two-story 800-square-meter office building and another 1,700-square-meter factory building. The remaining 3,400 square meters are covered with greenery and parking lots. There is a moat next to the factory area, and the greening is beautiful.

This small collective enterprise in the street originally processed snails and nuts. It was originally run by a bunch of old, weak, sick and disabled people who were basically taking care of themselves. The factory had no competitiveness. Later, when township enterprises in the surrounding suburbs were engaged in similar processing industries, the factory collapsed, and the dilapidated equipment inside was not worth much. Wu Xiumei found out that the starting price was 2.2 million yuan, which she felt was quite a bargain.

Now that the foreign exchange on Mingzhou Yifan Industry and Trade's accounts has been forced to settle, 8.5 million yuan in cash profits are deposited in the bank. Wu Xiumei suggested that Li Xiaofan use Mingzhou Yifan Industry and Trade Company to take pictures of the eight acres of land and the buildings. After renovation, it will be used as the office building, product display center and warehouse of Mingzhou Yifan Industry and Trade Company...

After arriving at Shanghai Hongqiao Airport in the afternoon, Li Xiaofan took a flight directly from Hongqiao Airport to Lishe Airport in Mingzhou.

It was already past eight o'clock in the evening when Li Xiaofan arrived at Mingzhou Lishe Airport. Wu Xiumei was waiting for Li Xiaofan at the airport in a brand new Cherokee 7250 off-road vehicle.

Last month, Li Xiaofan saw that there was so much money in the company's account and asked Wu Xiumei to buy a bus.

After Wu Xiumei inquired around Mingzhou, she sent the car price reference list to Li Xiaofan.

Li Xiaofan looked at the car prices in 1995 and thought, oh shit, they were so expensive: a regular Audi cost 396,000, an Audi A6 cost 460,000, a regular Santana cost 139,000, a Santana 2000 cost 195,000, and a Buick Boulevard cost 550,000. Even Xiaoxiali TJ7100 costs 78,000 yuan.

At that time, Shanghai Volkswagen's Santana was quite popular, and Li Xiaofan originally suggested that Wu Xiumei buy a Santana 2000. Later, Wu Xiumei felt distressed and felt that 200,000 yuan was too expensive. After reporting to Li Xiaofan, she bought a Cherokee 7250 EFI four-wheel drive off-road vehicle for 130,000 yuan. Because they often had to go to factories in the suburbs and countryside. At that time, the road conditions in many places in the countryside were poor, and it was more convenient and comfortable to drive an off-road vehicle.

After getting into the Cherokee driven by Wu Xiumei, Wu Xiumei asked: "Mr. Li, how are you? Is this car comfortable to sit in?"

"It's good. Sitting in my company's car, any car feels comfortable!" Li Xiaofan said with a smile.

Wu Xiumei continued to ask: "Mr. Li, what kind of car does our Singapore company drive? It must be very high-end, at least a BMW or a Mercedes-Benz, right?"

"Xiumei, I'm not afraid of making fun of you. What our Singapore Yifan Company bought was a second-hand car..."

"Little Luo Li?" Wu Xiumei expressed confusion.

"Luo Li" means "lo" in English

The meaning of y is a light pickup truck in Singapore. "

"Oh, I understand. It's so pitiful that a big boss like you rides a small truck to work?"

"Haha, in real life, it's even more pitiful than this. As a boss in Singapore, I basically rely on subways, buses and taxis. Singapore's car ownership certificate is too expensive and I can't afford it! However, Singapore is a small place and public transportation is very convenient. Developed, I, like most Singaporeans, are accustomed to using public transportation to commute to get off work.”

"Oh, so that's it..."

"Xiumei, after the next New Year's Day, I will hold the annual meeting of our head office in Singapore, and let several of your executives from Mingzhou Yifan Industry and Trade Company go to Singapore to broaden their horizons..."

Wu Xiumei said excitedly: "Wow, really, that's great. Speaking of which, I haven't been abroad yet! Then let's hurry up and apply for a passport, otherwise it will be too late!"

"Haha, you can't apply for a domestic passport just half the time you want to go. You need our Singapore company to send you an invitation letter before you can go to the public security department to apply for it. I'll ask Liu Yanping to send you a few invitation letters tomorrow... "

“So you need an invitation letter to apply for a passport? I really don’t understand this after I didn’t apply for a passport!”

"Xiumei, have you noticed that when I looked over here, the most popular cars on the road were Santana sedans and Xiaoli taxis..."

"Well, the Shanghai Volkswagen factory that produces Santana is in Anting, a suburb of Shanghai, which is close to our Mingzhou. And the car is said to be of good quality, so it is very popular in Mingzhou!"

"Xiumei, as far as I know, when a Sino-foreign joint venture project like Shanghai Volkswagen is signed, there is a timetable for the localization rate of foreign auto parts in our country in the joint venture agreement. As our country's reform and opening up deepens, the domestic people With the improvement of living standards, more joint venture car brands will enter China in the future. Our domestic car brands may also emerge. This auto parts is a good business. You can pay attention to it when you have time. If there is a suitable opportunity in the future, we can enter this field. Please pay attention if there are bankrupt auto parts in the future. If the enterprise is auctioned or transferred, if appropriate, we can consider acquiring it..."

"Okay, I understand, Mr. Li!"

The hotel Wu Xiumei booked for Li Xiaofan was the Asia Garden Hotel on the edge of the moat in the old city of Mingzhou.

At that time, the Asia Garden Hotel in Mingzhou, along with the Yonggang Hotel, the Overseas Chinese Hotel and the Jinlong Hotel, was known as the four major hotels in Mingzhou. It was considered the most upscale hotel in Mingzhou at that time.

When they were about to reach the Asia Garden Hotel, Li Xiaofan said to Wu Xiumei: "Xiumei, I won't go to the hotel first. Take me to the street factory on the eight-acre land that is to be auctioned."

"Mr. Li, there is no one there at night, and I can't see anything from the outside..."

"It doesn't matter. I'll get a general feel for the location first."

The full name of the street factory to be auctioned is Haishu Xiaowen Screw Processing Factory, located in the west of the city, not far from the Asia Garden Hotel, and all by the moat.

Li Xiaofan took a quick look from the outside and found that the location of this factory was indeed very good.

Mingzhou has a long history and was officially established during the Sui and Tang Dynasties. This moat was built by Han Cha, the governor of Mingzhou in the Ming Dynasty, for the sake of his political achievements. It was built between 894 and 898 AD and has a circumference of 18 miles. The inner part of the moat was used for office and residence by officials, while the people lived outside the city.

In the 19th century, the ancient city wall of Mingzhou began to be disliked in the early years of the Republic of China. In the ninth year of the Republic of China, the authorities established the "Mingzhou Municipal Preparatory Office" to manage municipal construction and prepare to demolish the wall and build a road. From 1920 to 1931, it took more than ten years to demolish the city wall. In 1923, the urn city with six city gates was demolished, and a road from Dongdu Gate to Wangjing Gate was paved with stone slabs as the main road of the city.

The west gate near the factory was once the city gate of Mingzhou in the Ming Dynasty with a water gate, which connected the Yuehu Lake in the inner city of Mingzhou with the Xitang River outside.

This factory, which covers an area of ​​more than 8 mu, is built beside the old moat. Looking from the other side at night, the willow trees on the bank of the factory are very beautiful.

Li Xiaofan praised: "Xiumei, the location of this factory is very good, and the feng shui is also quite good. It is worth taking a picture of it!"

Chapter 323/562
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Return to Singapore 1995Ch.323/562 [57.47%]