The company's upper and middle management, as long as they have stock incentives, will work with more enthusiasm! They feel that the company has more development prospects, and the stock incentives they receive will be worth more after the company goes public.
So financing does not mean having no money, even with money, financing is necessary, and financing is not just for money.
The news that Anjing Online Supermarket plans to raise funds has sparked heated discussions from all sides. Many have been tempted, but a $2 billion cash investment is not something just any company can afford.
Even many venture capital companies cannot come up with such an amount of funds; they have the idea but not the capability.
Those who have the capability feel that the return rate is not high, while venture capital companies pursue high return rates.
However, many investors in the financial community believe that Anjing Online Supermarket is indeed not worth this valuation. A $20 billion US Dollar valuation is too high, and for any venture capital company, the rate of return on investment is too low, and the risk is too high.
Many even think that Anjing Online Supermarket never planned to raise funds, but is simply hyping, aiming to inflate the company's valuation.
No matter how the outside world talks, it cannot shake Yi Anguo's determination.
In fact, before the era of mobile internet arrived, the internet economy simply could not explode; whether it was Alibaba or Tencent, although they had already gone public, their market value was also very limited.
For example, Penguin Company's current market value is only $40 billion US Dollars, and Penguin Company's market value will be nearly $1 trillion US Dollars at its highest in 10 years, which is hard to imagine at this moment.
For Anjing Online Supermarket, which has not yet gone public, a $20 billion US Dollar valuation is indeed a bit too high for investors.
But there's no way, even if Yi Anguo wants to raise funds, he won't let go of the company's shares too cheaply.
It doesn't matter if no one is willing to invest; at most, the development will be a bit slower, but it's all worth it.
The expansion of internet companies is very cash-burning, especially for a development model like Anjing Online Supermarket's, which basically develops step by step, completely different from Alibaba's development model.
Alibaba Company merely provides an online trading platform, while Anjing Online Supermarket focuses on self-operation, and no matter which city it develops to, logistics and warehousing must keep up.
Finally, good news came from Xijiang Province; Xijiang Province has already controlled the ownership of Jianghe Automobile Manufacturing Plant and can complete the acquisition.
The future electric vehicle market is very booming; this is also the reason why Yi Anguo acquired Jianghe Automobile Manufacturing Plant. Previously, Anguo Investments had reached an agreement with M. Musk! Tesla Company will hold a 20% stake through technical investment, Xijiang Province holds 20%, and Anguo Investments holds 60%; together, they will establish the new Jianghe Automobile Manufacturing Plant.
However, after the acquisition is completed, Jianghe Automobile Manufacturing Plant will be renamed to Anguo Automobile Manufacturing Co., Ltd., and will be operated and managed by Anguo Group.
Anguo Group promises not to conduct mass layoffs after the acquisition is completed, but also has the right to dismiss employees who are not suitable to stay.
Ultimately, both parties reached a consensus that the number of employees dismissed from the original Jianghe Automobile Manufacturing Plant cannot exceed 20% of the total number, and however many people are dismissed, they must hire from the local area at least twice the number of those dismissed.
There's no choice but to preserve employment, or else too many people will be unemployed.
Jianghe Automobile Manufacturing Plant has more than 5,000 employees, and due to the unprosperous company, normal work schedules cannot be guaranteed, wages have been delayed for months, and social security is overdue for several months. Now, they finally have someone willing to take over and invest, bringing a glimmer of hope to everyone.
Speaking of Anguo Group, everyone is not very familiar, but nobody is a stranger to Huaxing Smartphones and Anjing Online Supermarket.
Upon learning that Huaxing Smartphones and Anjing Online Supermarket are subsidiaries of Anguo Group, everyone is filled with hope for the future development of Jianghe Automobile Manufacturing Plant.
However, many people inevitably began to worry because the newly established Anguo Automobile Manufacturing Co., Ltd. will conduct assessments on these old employees.
If they fail the assessment, they may be laid off.
Many people have spent a lifetime working at Jianghe Automobile Manufacturing Plant, and aside from that, they have no other survival skills.
If they fail the assessment and are dismissed, what will they do? How will they support their families?
Although those who fail the assessment can obtain a hefty severance pay after being dismissed, how long can this money last, no matter how much it is?
Especially hearing that those who pass the assessment will have a substantial increase in their wages and benefits, and their incomes will rise, so nobody wants to fail the assessment and be dismissed.
Actually, those who genuinely work will rarely be dismissed; after all, the old employees are well-skilled at each position in the automobile manufacturing plant, which is actually Jianghe Manufacturing Plant's most valuable intangible asset.
One must know, if a newly invested automobile manufacturing plant is to be established, recruiting thousands of skilled workers is not an easy task.
Especially for some technical special positions, recruiting a qualified worker is even harder.
Therefore, the newly established Anguo Automobile Manufacturing Plant will try to retain those seasoned workers as much as possible.
The reason for allowing the dismissal of no more than 20% of the old employees is just to preemptively guard against the slackers that inevitably exist in such state-owned factory workers, those who pretend to work just for show.
These people likely previously entered the factory through various connections, and some even do no work but come in at the end of the month to collect a paycheck.
Such workers certainly won't be allowed to stay and continue slacking.
There are also those who don't take work seriously, frequently absent for no reason, often getting into fights and causing trouble in the factory, behaving like local thugs.
There is simply no need to keep such workers.
And there are some incompetent managers, many of whom likely rose through the ranks due to connections; naturally, these managers cannot be retained.
All the managers who want to stay must also undergo reassessment and reapply.
Xijiang Province has already appointed a party secretary, a plant manager, and some union and other management personnel; this is necessary, after all, Xijiang Province holds 20% of the new company's shares and will certainly send personnel to the company.
Furthermore, as the party secretary and plant manager of Jianghe Automobile Manufacturing Plant, their levels are not low, being at the department chief and deputy department chief levels respectively.
Of course, they do not have the rights to interfere with the business decisions of the new company,
Most of Jianghe Automobile Manufacturing Plant's original leadership has already been transferred, leaving mainly some middle and lower-level managers. They also want to be transferred but do not have the means, as all the original factory's middle and lower-level managers want to be transferred, but the local area cannot accommodate them.
The previous Jianghe Automobile Manufacturing Plant's section chiefs, directors, their ranks were not low, basically at the deputy or full section chief levels.
State-owned enterprises are already unprosperous; one position fits one person. Transferring them means there's nowhere to accommodate them.
If transferred to government departments, it's even more impossible.
A deputy section is equivalent to the deputy township head or deputy town head. The full section is equivalent to the township head or town head.
If it's in the city, that's equivalent to the directors and deputy directors of county or district bureaus.
How is it possible to arrange so many deputy and full section-level cadres?
Moreover, with the current advocacy of merging townships into towns to improve administrative efficiency and streamline administrative departments and personnel, it's even more impossible to arrange them.
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