Chapter 491: Settling the Accounts
Ever since Bai County approached Lin Chuxia, she tasked Su Wensong with keeping an eye on Ancheng Food Factory.
In truth, Su Wensong didn’t need Lin Chuxia to point it out; the situation at Ancheng Food Factory was obvious all along. As the manager of Xiyang Food Factory who was also in the food industry, it would be difficult not to know about it.
However, with Lin Chuxia being far away in Yan City, and with so much work on her hands, Su Wensong did not trouble her with these matters.
Now, however, it seemed like a good time to bring it up for discussion.
"Mr. Lin is already aware of what happened before. The Old Food Factory has been seeking reform, hoping to revitalize itself through shareholding reform. However, its prospects were not seen favorably by anyone, and after the fuss last year, it just fizzled out. Later on, I heard that the Old Food Factory wanted to adjust its food processing structure. I didn’t quite see how they adjusted specifically, but I made a point to inquire about it recently. The so-called adjustments were merely tweaks to the original food formula and industry structure, barely any different from before. As for the outcomes of these adjustments, as we can see now, there’s no difference from before."
"Pfft—"
Wang Cheng couldn’t help but laugh at this point.
"I say, the Old Food Factory is just flailing about in vain. With the market opening up, it’s bound to weed out some industries. Not to mention others, I myself haven’t eaten anything from the Old Food Factory for many years. The taste is mediocre, the prices high, and even without Xiyang Food Factory, the Old Food Factory would have been doomed to bankruptcy eventually."
As early as the year before last, he had seen the biggest change brought about by market liberalization: under competition, only the fittest survive.
Su Wensong nodded in agreement.
"In summary, after the failed reform of the Old Food Factory, there were several other attempts at different plans internally, none of which were effective. Liu Guoyi had his fair share of trials when he was at the food factory. After Ji Xingwei took over, he probably aimed to stabilize the situation at the Old Food Factory. The county stepped in and had the bank loan them some money. Over the past two years, our Xiyang has been pressing them hard, and I’m afraid they are at the end of their rope. I’ve heard internal news that they might be planning to liquidate their assets."