Chapter 428: Chapter 256 News of the Old River Channel Renovation_2
Walking out of the laboratory, Qiu Peilin couldn’t help but express his thoughts.
No wonder Qiu Peilin would have such a judgment, after all, the rise of self-media live streaming has allowed some streamers who stumbled into the industry to indeed earn quick money.
Quite a few people in the fishing circle have started to emerge, most of them are following the path of light asset operation, relying on their reputations to stick a label on a product, and leaving everything from product development to after-sales service to the supply chain!
Old Zhao grinned after hearing this: "It’s true that our company started self-media business very early, but we haven’t saved anything on the offline part either! Just like the laboratory we visited earlier, the input has cost two to three million!
Even so, Supervisor Yu is not satisfied yet; he just returned from an exhibition and filed an application report, intending to secure a piece of land to prepare new open-air experimental ponds!"
Zhang Yang timely interjected, "I wonder if Brother Qiu has made up his mind after visiting our company?
For other products, we can indeed look for OEM production, but fishing rods are a bit different; it’s best to keep quality control in our hands for peace of mind. If a major mistake occurs, it would have a significant impact on our company’s brand!"
Qiu Peilin nodded: "I’ve decided, I plan to use the assets of the fishing rod factory to invest in our company, but I’m not sure how sincere you are about the shares!"
Using factory assets for equity investment is undoubtedly the wisest choice for Qiu Peilin. Zhang Yang and Old Zhao’s fishing tackle company is currently in a high-speed growth phase, and investing now is akin to riding a rapidly developing rocket, immense in both strategic significance and short-term economic benefits.
"That’s easy to discuss. President Zhao and I have discussed this issue, and it’s simple: President Zhao will lead the cooperation with you to jointly entrust a third-party professional authority to evaluate and audit the companies based on current market conditions. Once we get the results, we can calculate the equity investment according to the valuation.
The company shares are only held by President Zhao and me, with a relatively simple equity structure. After determining the shareholding ratio, we can transfer some shares according to the respective ratio to your name; professional personnel will oversee all these matters."
"Great! We’ll do it as you said! I’ll go back right away and start inventorying my company’s assets!"
"Then we’ll be waiting for President Qiu’s good news!"
In the following half month, the matter of fixed asset equity investment was quickly underway. Old Zhao found a professional third-party evaluation company, conducting a professional commercial value assessment from various dimensions such as existing assets, development potential, and brand premium.
Ultimately, excluding the future potential value of self-media accounts, Zhang Yang and Old Zhao’s company had a commercial value of around thirty million, while Qiu Peilin’s fishing rod factory, including equipment, plant, land, inventory, and employees, was worth about two million.
After several face-to-face deep communications, Zhang Yang and Old Zhao collectively transferred 8% of the company shares to Qiu Peilin, and all employees including Old Qiu himself, along with fixed assets, were merged into Famous Fishing Tackle Company.
In less than a month, all related procedural changes and necessary processes were completed, thus thoroughly compensating for the largest shortcoming in the production section of Zhang Yang Fishing Tackle Company.
While scheming the grand plan for assimilation, the relevant production at the company was also being conducted systematically. Large quantities of products were entering and exiting daily, and were dispatched through modern logistics to agents nationwide.
Before anyone realized it, time had slipped from January to February. As winter snow gradually melted and temperatures slowly rose, good days for anglers were slowly arriving.
After so long of development, the carp in the live streaming venue at Yaokeng Reservoir had grown from the initial seven- to eight-tael size upon release to an average weight of over half a kilo. The livestream for fishing carp in spring was relatively stable thanks to fixed feeding and nesting.
However, always streaming on home turf and catching their own fish causes aesthetic fatigue over time.
Thus, Zhang Yang, restless and uncontainable, began making inquiries in various local fishing enthusiast groups.
While he didn’t find reliable fish conditions at any reservoirs, he stumbled upon explosive news while entertaining anglers in the store.
Nearby Zhang Yang’s home in W City is the open-air canal constructed for directing Yellow River water to Qingdao, and starting this spring, it is being rerouted, leaving a stretch of at least ten kilometers of old canal section predicted to be abandoned.
Some might not be familiar with the project to divert Yellow River water to Qingdao; simply put, it’s a water project bringing Yellow River water into Qingdao city, mainly to provide drinking water, traversing massive areas of W City.
But why did Zhang Yang consider this news explosive?
It’s not because of how costly the water project is or its significant role in people’s livelihoods and urban development.
The key is its direct relationship with water quality and fish conditions here.
Being an artificial channel, it was built with very high standards at the beginning, with slates on both sides and sturdy railings along the banks prohibiting fishing, swimming, and other activities.
Since Zhang Yang started elementary school, this body of water has never dried up; it has been at least ten years now.
Occasionally, bold locals sneak in at night to fish in the canal—sometimes catching dozens of kilos’ worth of big catches.
There are dedicated patrol personnel, and very advanced smart cameras are installed here. Being caught means at least a fine, so over time everyone knows there are fish here, but nobody dares to target them.
Now things are different—the old canal sections are abandoned, a lengthy curved section is being straightened out, both sides’ pumping stations are halted, and the railings are dismantled; before the water dries up, this place will definitely be a paradise for anglers.
Upon hearing the news, Zhang Yang immediately called Meng Fan.
Recently, Meng Fan and Liu Zi, who had been raising small carp in a warm shed in the city during the winter, had nothing much to compete in as spring warmed up, and had almost idled themselves silly, spending most of their time hanging around the reservoir base besides practicing daily basics.
"Brother Yang, any instructions?" In a loudspeaker’s voice, Meng Fan’s cheerful voice came through as he answered the phone.
"I got some inside news that the artificial canal in East Ditch is going to be rerouted, and a new river section is replacing the old one. Can you help me find someone to verify if this is true?
Heard it in detail from anglers buying red worms at the store," said Zhang Yang truthfully.
"Yellow River to Qingdao?" As a local resident of W City, Meng Fan was also aware of this local project.
"Yes! It’s the section near my house. Reportedly, the old section has about ten kilometers of excessive curves and siltation that needs rebuilding!!" Zhang Yang added excitedly.
"Wow! If this opens up, fishing there would be insanely good! I’ll call my friends right now to check, wait for my news!"
Soon, Meng Fan verified Zhang Yang’s news through friends working at the water authority, but there was a slight difference in detail.
The old canal section will indeed be abandoned, but not entirely; instead, the official plan disclosed internally proposes connecting sections on both sides of the old canal to tributaries of Wen River for irrigation use once water systems are opened.
Furthermore, the banks’ railings and surveillance will be dismantled, retaining only a fixed patrol squad, and in principle, fishing, swimming, and laundry are prohibited.
Five minutes later, Zhang Yang’s phone rang, and he eagerly answered amidst the suspense.
"I’ve just asked my friend, and it’s true, the railings and surveillance will be removed and shifted to the new river section!
However, patrols will remain until the new section sees flowing water! The old canal is to be interconnected to Wen River, mainly for local farmers’ irrigation!
Brother Yang, we’re onto something big! We’ll have a place to enjoy during spring!
My childhood friend’s uncle heads the water bureau, if he makes arrangements with his subordinates, wouldn’t it be a breeze for us on the old canal side, eh?"