Becoming Rich with Daily Scavenging APP-Chapter 385: Rayong Auto Factory

Although later, the military returned power to the elected government.

But the foundation of Thailand’s current industrial and economic development was laid during the period of the military government.

Especially the Industrial Promotion Act introduced by the military government back then, which ensured the development of Thailand’s industry, with many related provisions even continuing to this day.

This has led to the Thai military having a considerable degree of involvement in Thailand’s economic and industrial sectors.

"So what does the military think now?" Chen Yiyang asked helplessly.

"Originally, there was only one buyer for the Rayong Auto Factory, which was Changcheng Company. So when General Motors decided to sell the Rayong Auto Factory to Changcheng, the military didn’t intervene. But now, isn’t it that your Yiyang Automobile also wants to buy this auto factory?"

"So is the military planning to play both sides?"

"Not really," Wu Changxun said, "because of the relationship with Tengxu, the military agrees to sell the auto factory to you. The share structure of Yiyang Automobile is much simpler compared to Changcheng, making it easier to deal with in the future.

But General Motors is not happy. We have offered several prices, all higher than Changcheng’s, but General Motors still refuses to budge.

So the problem now is that General Motors plans to sell the Rayong Auto Factory to Changcheng, but the military does not approve.

The military wants to sell the auto factory to Yiyang Automobile, but General Motors is unwilling, and the matter is stuck here."

"So instead of coming to Thailand, should I go to the United States to negotiate directly with General Motors?"

"Actually, General Motors’ branch in Thailand is the actual decision-maker, and the GM headquarters just wants the auto factory to be sold at a good price. But the branch has many considerations, so you have to negotiate with them yourself."

Chen Yiyang understood Wu Changxun’s hint.

Once General Motors’ auto factory in Rayong Province changes ownership, it would mean that GM’s branch in Thailand has no reason to exist.

Without the auto factory, GM only needs to retain a portion of the car selling staff, and most of the other staff would be dismissed.

If Chen Yiyang wants the people at GM’s Thailand branch to be willing to sell the auto factory to them, he must provide assurances to these people, so that even after being dismissed by GM, they can still have high-paying jobs. 𝘧𝓇𝑒𝑒𝑤ℯ𝑏𝓃𝘰𝑣ℯ𝘭.𝘤ℴ𝘮

"This might be difficult." Chen Yiyang furrowed his brows.

Actually, if these employees originally worked at the Rayong Auto Factory, it would be easier to handle.

After Chen Yiyang takes over the Rayong Auto Factory, he still needs people to help manage the factory, at most he would bring in a management team from the outside, reassign some of the original Rayong management team, lay off some, and keep some.

The difficulty of doing this is very low.

But most of the staff at General Motors’ Thailand branch usually have no connection with the auto factory. Because GM was wealthy at the time, they hired many people to help GM expand its business in Thailand.

And Yiyang Automobile doesn’t need so many management personnel.

He just plans to sell affordable electric cars in Thailand and only needs to maintain a very small team.

Moreover, even if Yiyang Automobile needed to maintain a large team, they wouldn’t choose this group of people.

This group has even managed to ruin GM’s business in Thailand, their ability is highly questionable.

"So, did Changcheng offer those people a good deal?"

"Initially, Changcheng didn’t offer anything, but didn’t your Yiyang Automobile come over to compete? So, from what I know, Changcheng offered the original GM Thailand management team a very high price. They even promised the Americans in the team that if they are willing to resign from General Motors, their salaries could even double."

"That’s really brutal," Chen Yiyang said, gritting his teeth.

Buying the Rayong Auto Factory is not just a rivalry with Changcheng; indeed, Thailand is a good market and worth capturing.

But if the bids with Changcheng escalate and the acquisition price and conditions become too high...

There really wouldn’t be much profit left.

At that point, not losing money would be a good thing, never mind expanding the market.

"Forget it, let’s put this issue aside for now." Chen Yiyang decided to employ a delaying tactic.

"Just handle the military relations for me. My minimum requirement is that the military cannot approve Changcheng’s acquisition contract for the Rayong Automobile Factory."

"No problem, Tengxu has already invested in your Yiyang Automobile, and this is what we, as a major shareholder, should do."

Wu Changxun easily promised it.

It’s the responsibility of major shareholders to help the company solve problems.

Tencent helping Yiyang Automobile is like Chen Yiyang helping Marte Bubble.

This is why many entrepreneurs favor investments from big capital, even though they know that this big capital can potentially push entrepreneurs out of their own companies.

Because these big capitals not only invest money but also get things done.

After chatting with Wu Changxun, Chen Yiyang knows that the matter of the Rayong Manufacturing Plant can’t be rushed.

So he went to see the abandoned warehouse that Marte Bubble’s manager rented for him.

It’s indeed an abandoned warehouse with at least forty or fifty years of history. Although the location is excellent, the area is a bit awkward.

It’s neither big enough for a mall or residential building redevelopment, nor economical to build a few layers of shops considering the costs.

Chen Yiyang is not unfamiliar with such places; there are many in numerous first- and second-tier cities in China.

Due to being neither here nor there, the owners refuse to sell for a low price, redevelopment is impossible, and it stays abandoned.

"The previous owner of this warehouse was reportedly a jeweler."

While guiding Chen Yiyang inside, the Marte Bubble manager explained, "However, due to an unfortunate car accident, he died, so his son had to sell the warehouse."

"The current owner must be quite wealthy, right?"

"How do you know?" The manager looked at Chen Yiyang.

"If not wealthy, they wouldn’t let the warehouse remain idle," Chen Yiyang sighed.

"That’s true, but what do you plan to do with the warehouse?" The manager asked curiously, looking at Chen Yiyang.

"Just for fun, rented it to toy around."

"?" The manager wondered if Chen Yiyang was out of his mind.

Although renting for a few days isn’t expensive, what does renting to play around even mean?

Under the manager’s guidance, Chen Yiyang quickly entered the warehouse.

Because there was a lot of dust, Chen Yiyang asked his bodyguards to wait outside while he entered with the manager alone.

"Oh, I left my water bottle outside," Chen Yiyang said to the manager, "Can you fetch it for me?"

"No problem, Mr. Chen." The manager immediately turned back to fetch the water bottle for Chen Yiyang.

Meanwhile, seizing the opportunity, Chen Yiyang quickly tapped on a board in a corner of the abandoned warehouse, then reached out to pry it open.