freenovelworld Chapter 605 The Story Behind Dongfeng Factory
Chapter 605 The Story Behind Dongfeng Factory
Qin Chuan, of course, had no idea that Yuanfang Financial Group had been terrified by him. Yet, before he had even dealt with Paradise Entertainment Group, they had already thrown themselves into disarray and paid such a heavy price.
Of course, whether the cost is higher or lower is irrelevant to Qin Chuan.
It's not that if you've killed someone before, you can simply lay down your weapon and become a Buddha, thus escaping legal punishment.
The crimes committed by Yuanfang Financial Group are no less serious than those committed by Tiantang Entertainment Group and Aijia Supermarket.
They have been deeply involved in the real estate industry over the years.
When it comes to the real estate industry, one topic that cannot be avoided is demolition and relocation.
Over the years, several real estate companies controlled by Yuanfang Financial Group have acquired large tracts of land in Linzhou City for building construction.
The vast majority of these are land parcels for commercial housing that were created after the demolition of old residential areas.
In this process, in order to seize greater profits, some developers under the Yuanfang Financial Group resorted to forced demolitions. Compensation for forced construction was often minimal, and some holdout residents or those unwilling to relocate were subjected to forced demolitions, resulting in numerous deaths.
The Dongfeng Factory that Gao Yun and the others mentioned earlier was one of the most significant demolition and merger projects.
Dongfeng Factory has a very advantageous geographical location, very close to the city center of Linzhou. It was originally a state-owned enterprise, but was later restructured into a collective enterprise.
The factory was thriving for a while, especially after it was converted into a collective enterprise with employee stock ownership. It enjoyed a period of glory, but the good times didn't last long. Because its productivity and products could not meet market demand, Dongfeng Factory gradually declined.
Later, it was completely shut down, and the entire factory area was left idle. However, because of its excellent location and large tracts of land, the East Square area has always been a coveted piece of real estate for major real estate companies.
However, this lucrative opportunity isn't something anyone can just take a bite of; it requires a huge amount of capital for acquisition. In addition to the cost of acquiring the land, there are also potential costs associated with the employees of Dafeng Factory.
Most real estate companies can afford the land price, but when the collective workers of Dafeng Factory went bankrupt, they did not receive a penny after being laid off. Now, if the factory sells the land, all the money will be used to repay loans and previous debts, and then used to compensate the laid-off collective workers of Dafeng Factory.
This matter was originally difficult to move forward, but the real estate company under the Yuanfang Financial Group played a trick.
Originally, the wind farm was owned by all collective employees, but through a disguised operation, it became a factory director's agent.
Then, through the factory manager's delegation, collective decisions could be made on behalf of the wind farm's employees, and thus the land of the wind farm was acquired.
However, according to the letter of intent following the acquisition by Dafeng Factory and its employees, the original Dafeng Factory would bear the severance costs for all former collective employees of Dafeng Factory, and the acquiring company would not bear these costs.
But Dafeng Factory went bankrupt long ago, so how could it possibly have the money to pay severance pay?
So this matter has been deadlocked until now. Of course, because the real estate company under Yuanfang Financial Group has someone above to take care of it and some thugs below, the land in the large factory has long been taken away, and the buildings have been completed and even sold.
However, the matter from back then was not resolved. The employees of Dafeng Factory kept filing complaints. Although legally they could not sue Yuanfang Financial Group, it was obvious to everyone that Yuanfang Financial Group was behind it. Therefore, the employees of Dafeng Factory often came to this place to cause trouble.
Gao Yun was aware of this matter, but the severance pay was a large sum of money, which he had always been reluctant to pay. However, he had no choice but to pay now. If he did not quell this grievance, Qin Chuan would definitely not let him off the hook. Moreover, if the investigation were to follow the clues, Yuanfang Financial Group would be in considerable trouble. At the very least, Qin Chuan would definitely be able to find some clues.