Chapter 532 - 256: Malicious Competition_2
"It’s me." Allen Zhang said.
"Mr. Jin? Is there something you need?" Cooper instantly became alert and asked.
Allen immediately explained his intentions, inquiring whether he was familiar with the chairman of the Whale Auction.
He went on to say, "I met the owner of Pike Company at the auction and learned that he’s currently facing some trouble, selling off his assets and planning to consign his company for auction, but the process and qualifications have not yet been fully assessed. I’m quite interested in this company; could you find someone to expedite the handling of the procedures?"
Cooper fell silent for a few seconds. Being a shrewd man himself, he knew that many people were eyeing Pike Company, wanting to buy it at a low price. He probed, "Mr. Jin, are you planning to acquire that company?"
"I indeed have that thought." Allen said.
Cooper thought for a moment and then said, "Although Pike Company has liquidated a fair amount of its assets, it still owns three factories under construction in the suburbs, a fair number of employees, and filtration and sorting machinery. The precious metals sorted from each factory, when sold to metal companies, should bring in a monthly revenue and profit of roughly between 1.5 and 2 million US dollars. Also, there is a series of legal documents and qualifications. Currently, the company’s shares are all concentrated in the hands of the owner of Pike, a few core management staff, and other individual investors. If you want to acquire this company through legitimate channels at the auction, you will need to spend about 20 to 35 million US dollars."
"This company currently owes the bank a debt of 20 million US dollars. The shareholders have fled, and only the three factories and the equipment remain. It shouldn’t be that expensive, should it?" Allen Zhang asked, puzzled.
The main value of Pike Company now lies in the site construction and equipment, with each set of integrated sorting machinery priced at several million US dollars.
As for the positions, they don’t require highly educated or technically specialized staff to operate them, as the work is all assembly line-based, with hires generally being high school-level workers.