Section 395 Recommendations
Huang Xiaoyu also said in the report that in view of the current situation, she had raised this question to Jiang Xueyan and wanted Jiang Xueyan to arrange funds in advance in order to rescue Lan Qiu, but she had never received an effective response.
It happened that yesterday afternoon, the third phase of the project and the joint venture land submitted a report on the application for funds. Moreover, the demand for funds for the two projects was very large, and it was urgent. However, Jinhuyuan alone could not meet the capital needs of the two projects. It was precisely because of this that Huang Xiaoyu handed the report to Zhou Ziyan.
The funds recovered from the pre-sale of the third phase of the Jinhuyuan project can indeed barely maintain the daily expenses of the entire Jinhuyuan, but when faced with the demand for funds that cost tens of millions or hundreds of millions of yuan, the amount of funds recovered from the pre-sale is just a drop in the bucket and is simply insignificant.
However, this made Zhou Ziyan a little puzzled. The dead camel is bigger than a horse! How could the Dangdang Baige Group fall to the point of taking the initiative to accept foreign investment in such a short time!
Although Baige Group is restricted by the general environment and its overall performance has been declining year by year, Baige Group has also many dynamic high-quality projects, such as real estate, retail, transportation, and jewelry industry. Even if these projects are impacted by the general environment, they are barely self-sufficient and even have a slight surplus, just like Kumho Garden.
You should know that if a company's projects can barely make a slight surplus, it is unlikely that foreign capital will be included. After all, what others invest in is only a small part of the money, and what is divided may be a large part of the profit.
It's like a family that was not too short of money, but had to borrow usury and spend all the meager income earned from getting up early and working day and night to fill in the bottomless pit of usury, which is really unreasonable.
But from this point of view, Zhou Ziyan also has a clearer understanding of the entire status of Baige Group - the situation of Baige Group is already very serious.
No wonder Jiang Baige was so anxious that he let the foreign capital, who was originally most rejected, directly enter Jinhuyuan Real Estate.
The urgency of this report and the negative information contained in it really made Zhou Ziyan feel nervous.
Zhou Ziyan frowned and pondered for a while, then asked Xu Lili to inform Huang Xiaoyu to come over and want to have a specific talk with her.
When Huang Xiaoyu came over, Xia Mingzhu naturally came over together. And, by chance, Jiang Xueyan happened to come back. When he saw Jiang Xueyan, Zhou Ziyan asked in a dissatisfied tone: "Why are you back?"
In the morning, Zhou Ziyan asked Jiang Xueyan to go back and have a good rest, but in less than half a day, Jiang Xueyan came back, which of course made Zhou Ziyan very dissatisfied.
Jiang Xueyan simply replied: "There is really no way, I can't sleep!"
After the three girls took their seats, Zhou Ziyan asked Xu Lili to pour mineral water for them, and then she gave a few simple opening remarks and then brought the topic to foreign capital.
Huang Xiaoyu simply introduced Jinhuyuan's current financial situation, which basically matched her report, but Huang Xiaoyu said it even more urgently, hoping to have all the funds needed immediately and solve all the things in one go.
Xia Mingzhu didn't say a word, but just became a good listener and stared at Zhou Ziyan from time to time.
Jiang Xueyan couldn't help but tell Huang Xiaoyu on the spot that she should not worry. She was already working on solving the problem of funds and had already made a fuss.
Zhou Ziyan pondered for a while before saying to Jiang Xueyan: "Miss Jiang, Mingzhu said that Director Jiang has signed an agreement with two investment companies to allow foreign capital to enter. I want to ask you what you plan to do."
Jiang Xueyan nodded sadly and replied: "The first batch of funds entered are only 1.5 billion, which is almost insignificant compared to our tens of billions of investment. However, in the profit commission, these 1.5 billion will account for ten percentage points of the entire profit. For us, this is simply a drinking poison to quench thirst..."
After pausing, Jiang Xueyan said quietly: "Our Jinhuyuan is not a huge profit-making industry, and it has lost 10% of its profits. Such funds have an interest rate of almost ten times higher than normal borrowing..."
Jiang Xueyan didn't say anything more. If she wanted to continue, she exposed many core secrets of Baige Group. It doesn't matter if Zhou Ziyan and Xia Mingzhu were both senior managers of the company, but also from the Jiang family. However, Huang Xiaoyu couldn't guarantee that she would not reveal it in front of her colleagues. The situation at that time would probably be even more difficult to control.
Zhou Ziyan knew the difficulties of Jiang Xueyan and the Jiang family. The Jiang family was in trouble. This was originally something that Zhou Ziyan liked, but in the aspect of Jinhuyuan, Zhou Ziyan had to do his best to protect Jiang Xueyan's interests.
After thinking for a while, Zhou Ziyan said: "Ms. Jiang, I have a suggestion that in terms of foreign investment, we will only accept 500 million. In this way, we can not only solve the urgent problem, but also minimize the profit loss. There is another point, I think it can promote our company to go public!"
Jiang Xueyan said in a lost voice: "In terms of funding, I don't have any objection to how much you think is suitable, but let our company go public - do you know that what my dad opposes the most is the listing of our industrial companies!"
So far, there are only two listed companies under Baige Group, one is Baige Group's electronics industry, and the other is Juhe Scientific Research that has just been acquired. Moreover, these two industries are the most recession projects under Baige Group, and they are basically companies that have always been listed.
After all, Jiang Baige's view on listed companies is that when a company goes public, it can indeed have an additional financing path and publicity effect, but in turn, it has many more constraints and is easier to be manipulated and exploited.
This also led to Jiang Baige's always opposing the listing of industrial companies. So so far, except for the two projects that were formerly listed companies, no other companies under the entire Baige Group have been listed.
Jiang Xueyan felt that Zhou Ziyan's proposal to only accept 500 million foreign capital, but she was almost a conditioned refusal to promote the company's listing.
Zhou Ziyan sighed and said, "Xueyan, the suggestion of promoting the company's listing is to be considered as submitting a report to President Xia and the board of directors. Regardless of whether President Xia and Chairman Jiang adopt this suggestion, I will retain my opinion."
It was not until then that Xia Mingzhu inserted a sentence: "Miss Xueyan, as far as our company is concerned, I think Ziyan's suggestions are feasible. As the executive general manager, I decided to submit an explanatory report to the board of directors..."
Jiang Baige signed a contract with two investment companies, and the first batch of foreign capital was 1.5 billion. Zhou Ziyan clearly determined that only 500 million yuan would enter Jinhuyuan. The remaining 10 billion yuan and subsequent funds would naturally allow Xia Mingzhu, the financial director, to fully decide the whereabouts of the remaining funds.
In Xia Mingzhu's view, this was Zhou Ziyan fulfilling his promise to him. In return, Xia Mingzhu naturally agreed to Zhou Ziyan's proposal to promote the company's listing. Moreover, for Xia Mingzhu, the listing of the company is more conducive to her operations. Therefore, Xia Mingzhu's approval of Zhou Ziyan's proposal is actually a favor.
It is precisely because Xia Mingzhu did not hesitate to support Zhou Ziyan by revealing her identity as "executive general manager", rather than as the financial director, or "Zhou Ziyan's wife".
Jiang Xueyan said quietly: "I have no doubt about Ziyan's ability. I bluntly said that I would promote the company to go public. I don't object, but my father doesn't know him..."
Xia Mingzhu smiled and said, "Dr. Jiang is a very strategic person. I believe he will be very clear about the benefits that will bring to us by promoting the company's listing. In addition, like you, I believe in Ziyan's ability! Therefore, I will do my best to support Ziyan's plan."
Xia Mingzhu said this, but in fact she was already 80% sure in her heart. She felt that Jiang Baige would agree with Zhou Ziyan's proposal. In addition to considering the current situation of the entire Baige Group, Zhou Ziyan is Jiang Baige's biological son, Xia Mingzhu is Jiang's daughter-in-law, and Jiang Xueyan is Jiang Baige's beloved daughter. It can be said that if this force insists on letting the company go public, even if the other directors and shareholders of Baige Group are combined, it will not be so powerful.
Xia Mingzhu's words can be said to be very explicit, almost revealing the sharp claws and fangs of Baige Group. However, Zhou Ziyan can only experience and see clearly.
But Xia Mingzhu and Zhou Ziyan are now comrades standing in the same trench. However, Zhou Ziyan still wants to leave a little room, while Xia Mingzhu wants to keep no matter how many people are.
Jiang Xueyan naturally could not guess what Zhou Ziyan and Xia Mingzhu were thinking for a moment before saying, "Okay, Mr. Xia, you go back and make a plan. I'll say hello to my dad and let him be mentally prepared in advance."
Zhou Ziyan's suggestion that he plans to promote the company's listing was recognized by executive general manager Xia Mingzhu and Jiang Xueyan, the largest shareholder of Baige Group. This is undoubtedly great news for Huang Xiaoyu. Huang Xiaoyu is in finance and his operations on listed companies are far inferior to Zhou Ziyan, but he also knows that after the company goes public, he can issue stocks to raise funds and immediately improve the company's capital structure. Moreover, the funds obtained are not only low interest rates, but also do not have to be repaid within a certain period of time, which greatly increases the flexibility of the company's capital turnover.
So, this is definitely good news for Huang Xiaoyu and even the entire Jinhuyuan.
After Huang Xiaoyu left, Zhou Ziyan discussed with Jiang Xueyan and Xia Mingzhu for a while before giving up.
In the afternoon, there was not much work to deal with in Jinhuyuan, and Xia Mingzhu also revealed to Jiang Xueyan that she would go to the hospital for examination, so Jiang Xueyan still stayed.
Chapter completed!