However, Nie Zhenbang was not bothered by such circumstances. The disruption of the leadership team could actually be advantageous for the shareholding reform of the Spinning Group. The three factories, once merged, would form a new Spinning Group, a municipal state-owned enterprise. The Liangxi City State-owned Assets Supervision and Administration Commission would hold sixty-two percent of the shares, with the rest being open for recruitment. Thus, a new leadership team for the Textile Group can be formed through open recruitment and enlistment. The vacuum in the Spinning Group's leadership only spared Nie Zhenbang plenty of trouble.
...
The sunshine of March seemed rather warm, and the large trees lining the streets of the old district of Guicheng began to sprout new buds.
At the moment, a large red banner was hanging at the entrance of the Spinning Factory, welcoming Mayor Nie to the share subscription meeting for the shareholding reform of the Liangxi Textile Group.
