Suiren Company

Under his constant urging, the two laboratory construction companies finally sent people over for an on-site inspection.

On February 18th, the heads of the two construction companies arrived at the garment factory with their teams to begin the on-site inspection and discuss the laboratory planning and finalization of relevant details with Huang Xiuyuan.

The first company to arrive in Shanmei was Shenzhen Zhongjian Laboratory Technology (SLD), which had the advantage of being nearby.

Following closely behind was the Tuozhan Technology Company from Nanjing, which had dispatched a business manager and a site surveying and planning team.

On-site, the people from both companies recognized each other; after all, competitors are often rivals.

A middle-aged man with a round face and rimless square glasses smiled and reached out his hand: "General Manager Huang, hello. I am Jiang Mingzhang from Zhongjian, and this is..."

He efficiently introduced his team.

Next was Yan Wenlong from Tuozhan Technology and his team.

Huang Xiuyuan didn't waste any time and was very direct: "Gentlemen, I will get straight to the point. The laboratory site is the factory building behind me. Other requirements have already been explained to you via email."

Both sides quickly took their surveying personnel to inspect and evaluate the garment factory's buildings.

There were two factory buildings, one in front and one behind. The two buildings were roughly the same, both occupying an area of 3,000 square meters (30x100) with a two-story frame structure.

The first building was the production workshop and finished goods warehouse, while the second building housed the raw material warehouse, the cafeteria kitchen, and several offices.

Naturally, the first building was the one intended to be the laboratory.

A few days ago, Hanhai had already brought people over to move out the equipment, finished shirts, and raw materials. After a thorough cleaning, the production workshop was very clean.

Jiang Mingzhang and several of his subordinates wrote and sketched in their notebooks while surveying.

The environment of this factory building was very intact, and the building was quite new, having been constructed less than ten years ago.

Because it was previously used as a factory, it was built quite ruggedly and sturdily, with a ceiling height of 5.2 meters and few walls, providing good usable space.

Next, they checked the power supply lines, as well as the original drainage and water pipes.

All in all, they were busy from around ten in the morning until after three in the afternoon.

The heads of the two companies, Jiang Mingzhang and Yan Wenlong, submitted their construction plans and overall quotes to Huang Xiuyuan.

He compared the construction plans of the two companies. Overall:

Zhongjian Company's plan averaged 4,100 yuan per square meter. For a 6,000-square-meter laboratory, the quote was 24.6 million, plus 8.5 million for some equipment and laboratory procedures, totaling 33.1 million.

The construction period was 75 (±10) days.

Tuozhan Technology's plan averaged 3,750 yuan per square meter. For a 6,000-square-meter laboratory, the quote was 22.5 million, plus 6.7 million for some equipment and laboratory procedures, totaling 29.2 million.

The construction period was 120 (±20) days.

After much consideration, Huang Xiuyuan chose Zhongjian Company. The reasons were multifaceted: first, Zhongjian's timeline was shorter; second, Zhongjian was located in Shenzhen, which gave them an advantage in handling connections and construction.

As for the extra three million plus, Huang Xiuyuan didn't care much.

The Zhongjian side, having won the contract, was immediately overjoyed.

The unsuccessful bidder, Tuozhan Technology, could only return home dejected. However, Huang Xiuyuan instructed Lin Baijie to reimburse them for their travel and meal expenses; after all, even if the deal didn't go through, there was no need to burn bridges.

By evening, both sides had quickly signed the contract, and the finance team was instructed to remit the one-third down payment to Zhongjian Company as soon as possible. This was almost the default ratio in every industry; if it were lower, the risk for the contractor would rise sharply.

Lin Baijie and the head of the legal team were also shocked by Huang Xiuyuan's lavish spending.

After taking over the specific affairs of the company, Lin Baijie also took over the previous contracts, thereby understanding the actual situation of the company.

The office lease contract signed with Huashang Property Company was 19,200 yuan per month, plus a one-time payment of 50,000 yuan for the transfer of office facilities.

The acquisition of Hanhai Garment Trading Company cost 2 million, plus the other party's liabilities of 12.73 million (including bank loans, worker wages, compensation, and debts to suppliers).

The recruitment contract with the headhunter Career International had a deposit of 300,000, and if all the employees recommended by them were hired, an additional 1.82 million would be paid.

The procurement contracts for three laboratory equipment suppliers totaled 54.38 million, with 16 million already paid as a down payment.

The laboratory construction contract just signed with Zhongjian Company totaled 33.1 million, with a down payment of 11 million.

These contracts, all added together, amounted to 104.3992 million spent.

Currently, the company's account balance remained at 117.5592 million.

Then there were the monthly expenses for wages and office rent, which would be over a million. Once the laboratory was completed, there would be costs for purchasing experimental consumables and hiring researchers and technicians.

The company did not yet have any specific profitable projects. If they didn't take out bank loans, these funds could support them for five or six years at most.

However, Lin Baijie felt uneasy.

Because the impression Huang Xiuyuan gave him was not that of someone who knew how to save money; he estimated that the situation ahead would be one of spending money like water.

Having just joined the company, Lin Baijie didn't feel it was appropriate to advise him directly, so he could only wait for a while and find an opportunity to talk privately.

He didn't want the company's capital chain to break, nor did he want to lose his job so soon.

February 20th.

Zhongjian Company's construction team arrived at the first building of the garment factory with their engineering equipment and began preparing for construction.

On the other side.

Lin Baijie finally finished changing the company's name. The company name was officially determined as "Suiren Technology Co., Ltd.", abbreviated as "Suiren", "Suiren Technology", or "Suiren Company".

The former factory manager's office was now officially renamed the Chairman's office.

Lin Baijie reported on his recent work: "...Mr. Huang, the company's official seal has been carved and is currently being registered; it should be ready for use in a few days."

"We have also signed a contract with the telecom company to install fiber-optic broadband."

"The company's official website server has been contracted out to Inspur."

After checking that the amounts were accurate, Huang Xiuyuan signed his name and immediately instructed:

"Baijie, investigate the surrounding factories over the next few days. If the price is right, acquire one. It needs to be at least 30 mu in size, preferably 50 to 60 mu."

Lin Baijie cautioned: "Mr. Huang, won't that put too much strain on the company's funds?"

"Don't worry, I still have a few hundred million abroad that can be injected into the company at any time."

Hearing this response, Lin Baijie felt an immediate sense of relief. Even if he didn't know whether it was true or not, he at least didn't have to worry as much.

"Right, when you go to inspect the factories, have Weichang take some men with you to ensure those local thugs don't try anything funny."

"No problem."

In truth, acquiring a new factory was a necessity. Since the garment factory was being used as a laboratory and office building, the actual production factory could not be located there.

Coincidentally, the economy this year had been affected by the subprime mortgage crisis, and factories involved in foreign trade, in particular, had seen their total orders plummet by about 70%.

This was a golden opportunity for Suiren Company to take advantage of the situation and acquire some factories on the verge of bankruptcy.

Previously, Huang Sixiao had contacted three factories. In addition to the Hanhai Garment Factory that had already been acquired, there was also a toy factory and an accessory factory, both of which were suffering from the downturn in foreign trade.