Private lending might not sound like a legitimate business, but these people's information channels were truly formidable.
Less than three days after the equipment from those two factories had been sold, President Li found another lead for Liu Menglong—a small privately run factory using Three Hands equipment that it was now planning to phase out.
Three Hands equipment... that really was a thing. It had first been used by a state-owned factory, then sold off to a private company. That private company had used it to create considerable wealth over more than a decade before selling it to its current owner.
What was rare was that the equipment could still operate normally. This showed that production equipment was like cars—privately owned vehicles were always maintained better than company vehicles.
The owner had not originally intended to sell it, since it was still usable. But with the labor shortage over the past two years and staffing stretched thin, he had no choice but to consider replacing several machines with more automated equipment. He could only sell the old equipment to raise funds.
However, with President Li getting involved, the other party could not ask for too high a price. The total was 1.3 million.
Liu Menglong felt that refurbishment would be troublesome, but President Li volunteered. "I'll help you get in touch with someone."
The refurbishment cost was 200,000, and interest would not be counted during the refurbishment period—meaning President Li would advance the money to buy the equipment first.
Liu Menglong reported the matter to Red Sister. She told him to make his own decision. If he did not understand, she could introduce him to friends at the Complete Equipment Bureau, who knew equipment prices quite well.
In short, Liu Menglong's business was growing rapidly. Since closing his first deal,