Switched Marriage The Coddled Little Wife novel Chapter 372

Chapter 372: Chapter 372: The More Low-Key People Are, the More Likely They Are Holding Back a Big Move

"Brother Li, I guessed it might have something to do with the Old Food Factory as well. We’ll just have to adapt as things come."

At this moment, there was nothing else they could do but take it one step at a time.

Li Jian nodded. Since he was mentally prepared, there was no need for further discussion.

He had great confidence in Lin Chuxia.

As people gradually took their seats, the meeting promptly started at the scheduled time.

First, the County Committee leaders gave speeches on stage, affirming the efforts and contributions of various enterprises over the past year. Next, representatives from various enterprises gave their speeches, with Xu Changping, the director of the Mechanical Factory, being the first to speak.

Among many enterprises, the Mechanical Factory has always devoted itself to innovation and development, being one of the few factories in Ancheng County that have created significant benefits.

Several other representative figures took the stage to speak, all in very formal, official language.

To Lin Chuxia, these speeches held no practical significance.

Li Jian nudged her and pointed at a person not far away, saying, "That is Ji Xingwei, the current director of Ancheng Food Factory. Since his transfer, he has kept a low profile, probably also knowing the Old Food Factory is beyond saving."

Lin Chuxia looked at the man without expressing any opinion.

The more low-key the person, the bigger the move they might be holding back.

As expected, after the conference, Lin Chuxia was called to the office by the county mayor’s secretary.

Another person was already in the office - it was Ji Xingwei, the director of Ancheng Food Factory.

Looking at him directly, he seemed to be just over 40, with a well-proportionate face, slightly pale skin, neatly groomed hair, and dressed in a crisp Zhongshan suit.

From head to toe, he had the air of someone steeped in bureaucracy.

County Magistrate Bai was as enthusiastic as ever upon seeing Lin Chuxia.

After some pleasantries, County Magistrate Bai pointed at Ji Xingwei and said, "Lin, let me introduce you, this is Comrade Ji Xingwei, the new director of Ancheng Food Factory."

"Brother Ji, this is Lin."

Ji Xingwei had already stood up, not putting on any airs, and smiled warmly.

"It really is true that seeing someone in person is better than hearing of them a hundred times. I’ve long heard that Comrade Lin Chuxia is the iron rose of our An City." fгee𝑤ebɳoveɭ.cøm

He reached out his hand first, and Lin Chuxia politely shook it, saying, "Director Ji praises me too highly."

After introducing Lin Chuxia, Su Wensong, who was following her, was also introduced to Director Ji.

Ji Xingwei couldn’t stop praising Su Wensong, while Lin Chuxia silently twisted her fingers, sensing that today’s meeting was something Ji Xingwei was determined to have.

"Since you’re also aware of these issues, I’m sure you can guess what I’m about to say. Ancheng Food Factory will undergo shareholding reform, and we’d very much like Xiyang to participate, whether under the name of Xiyang or under your personal name. The county leadership values your personal capability. Here is the asset evaluation report of Ancheng Food Factory and the post-reform shareholding plan."

Lin Chuxia didn’t rush to respond but took the materials and quickly glanced through Ancheng Food Factory’s asset evaluation, then flipped to the back to check the share distribution.

The current stocks are semi-publicly issued, mainly for internal digestion.

In plain terms, it means implementing a managerial contract system in state-owned enterprises, a form of corporate innovation at this time that somewhat promoted the separation of ownership and management rights in state-owned enterprises, thereby incentivizing the enterprises and individuals.

However, this contract system did not extend to the fundamental property rights of the enterprise.

As indicated in the materials, the largest share was held as state-owned stocks by Ancheng Food Factory’s original assets, which amounted to 50.97%, bank stocks accounted for 25.89%, employee personal stocks accounted for 3.46%, and the remaining 19.68% were Lin Chuxia’s corporate shares.

County Magistrate Bai sipped his tea leisurely, and slowly said, "These are the results of share distribution in line with county leadership and recent years of corporate reform. Xiyang Food Factory, being just over a year old, has received a very generous offer."

In other words, for the assets Xiyang Food Factory brought to the table, these shares were already quite generous.

Lin Chuxia inwardly cursed, ’Old fox.’

This share distribution, though seemingly fair on the surface and indeed a big advantage for her, carried an implied suggestion in County Magistrate Bai’s earlier remarks: Lin Chuxia or Xiyang’s involvement was essential in the management of the reformed Ancheng Food Factory.

If calculated, County Magistrate Bai intended them to revive the almost bankrupt Ancheng Food Factory with no more than 20% of the shares.

This deal, for County Magistrate Bai and Factory Director Ji, was incredibly advantageous.