Becoming a Russian Oligarch After Rebirth
Chapter 413 Finding Something for Dad to Do_1

Chapter 413: Chapter 413 Finding Something for Dad to Do_1

"Is there really a million US dollars on this card? Where did you get all this money, you didn’t sell the store, did you!" Mom raised her voice and asked.

Dad also hurriedly said: "You child! Even if what you said is true, you shouldn’t have sold the store. The store is something that feeds three generations, and the value keeps increasing the longer you have it! Who sells it as soon as they buy it, you’ll lose a lot if you do that! Your mom and I don’t want this money, so hurry back and buy back those stores."

So they were worried about this.

Wang Ye laughed wryly, waved his hand and said, "Alright, this little money is for me to honor you two elders. I didn’t sell the store! This money is ... earned by that phone card company!"

Having no other option, a single lie needs a hundred lies to cover it up.

Since some things can’t be told to parents, Wang Ye can only fool his parents with "kind lies"...

Mom and Dad wanted to express their astonishment again, but they were too stunned to react, so hearing what Wang Ye said now didn’t shock them as much.

"Those two companies of yours...make so much money? Our bureau’s several factories and companies, with so many workers, can’t even make a million US dollars a year!" Dad said, unable to comprehend.

Indeed, in the Food Bureau where he works, there are several subordinate companies and factories, such as the Hemp Spinning Factory, the Flour Improver Factory, the Food Processing Factory, the Winery and so on, all of which are not small in scale!

After all, a dozen or twenty years ago, the Food Bureau was the undisputed "champion"!

Not to mention anything else, just the Hemp Spinning Factory, it was once the largest enterprise in the county, without a doubt!

The factory had thousands of employees!

Unfortunately, the factory has long since declined, and many workers have been laid off over the past few years. Now there are probably only two or three hundred workers left, barely maintaining production.

These factories, forget about making millions of US dollars a year, as long as they don’t require the bureau to subsidize millions, the bureau leaders would be overjoyed!

Now, Wang Ye is saying that the phone card company he set up can make a million US dollars in less than a year!

This is indeed hard for his father to understand.

Wang Ye just smiled, calmly explaining: "Dad, you can’t compare with labour-intensive factories like the Hemp Spinning Factory. You should know that my phone card company, although it sounds like a shell company, does belong to the communication industry. You should know how much the domestic companies that have been doing pager and mobile phone businesses for these years have been earning. And my phone card company, currently controls at least half of the Russian Chinese communication market. Is it too much to say it makes one or two million US dollars a year?"

When he explained it like this, it did sound far more reasonable.

In fact, Wang Ye didn’t lie to his dad. This year, he has made a significant amount from his share of the profits from Huaxing Communications. Although it’s not as much as a million US dollars, it’s still several hundreds of thousands of dollars!

This is primarily because he gave quite a few shares to Ruan Xiaozhu.

If he hadn’t allocated shares, he could have actually received close to one million US dollars in dividends!

Dad shook his head and sighed: "Ah, comparing oneself to others only leads to resentment. There are so many employees in our bureau, so many factories, but every year they all lose money. We can only rely on financial subsidies to support the workers. Our industry is too backward and our area too poor. Everything we do is unprofitable. This year, the flour improver factory in the bureau wanted to reform, even planned to contract out, but no one dared to take over! Once you take over, whether it makes money or not is still unknown, but you have to bear the responsibility for the hundreds of workers in the factory..."

Wang Ye’s dad is the Deputy Director of the county’s Food Bureau, overseeing various township’s food offices.

In the past, this was definitely a coveted good position!

He couldn’t presume to say about other things, as Wang Ye’s Dad didn’t have the guts, but regarding eating and drinking, since Wang Ye could remember, there was always a "pile" at home...

Like the popular Jianlibao in his childhood, Wang Ye’s home often has dozens of boxes of it, more than he can drink.

These things were brought by people who came to do business, they were not expensive and didn’t violate rules. It was simply the "mood" at the time.

But in recent years it’s not possible, the country no longer collects grain uniformly, grain coupons have been abrogated a long time ago, so the Food Bureau gradually declined.

Wang Ye’s home is no longer bustling like before...

As for the factories under the Bureau, they are also seeking reform and wanting to be contracted out.

The contract costs are simple, the main thing is to find someone who can support the factory workers, as the bureau really doesn’t have that much money to support so many people!

After listening to his dad’s words, Wang Ye had an idea, he smiled and said: "Dad, how about...you contract the flour improver factory! You have been idle these two years, there’s nothing to do, you might as well contract a factory and make something happen. We’re not counting on making a lot of money, but the key is that once you contract it, the factory, which is not small in scale, is under your complete control!

Or, if it’s possible to buy it, then don’t contract it, we buy it directly!"

Wang Ye’s dad is really a person who can’t stand being idle, or perhaps a "workaholic"!

In the busy times of the past, he used to leave home early and didn’t return until late at night, almost working all year round, but he was always very spirited and hardly ever got sick.

These last two years when he was idle, his spirit visibly declined, and he aged a lot...

Being idle leads to illness, this saying is not without reason.

His dad’s eyes lit up, he felt that Wang Ye’s idea was really good, and suited him well!

The Flour Improver Factory had received an investment of several millions from the bureau to be built, but unfortunately, the factory had not been able to open up a market in the year since it started operation. With so many workers and a large factory setup, it naturally resulted in a deficit.

Adding to that, these years everything is about reform, about the notion of "state retreats, the public advances." This type of state-owned factory which doesn’t make a profit but instead runs at a loss, naturally falls under the scope of "reform".

The bureau is also actively pushing for reform, wanting to lease these factories or transform them into shareholding, in order to shed these burdens.

Unfortunately, there aren’t many rich people in the county who could take over, or dare to take over such a large factory...

Now his son has given him a million US dollars, which when converted into CNY would be more than eight million. For contracting or buying shares in the Flour Improver Factory, it should be about enough!

However, he was still a bit hesitant, he pondered for a moment before saying: "This... Running a factory and running your company are not the same thing. There are so many workers to support, that’s a huge burden. What if it loses money? Besides, the taxes are not low, it’s not easy to turn losses into profits."

Wang Ye naturally understands what his dad is worried about, but compared to his dad, he is more confident in this Flour Improver Factory!