Chapter 1266 - 1263: Being Asked to Lend Money to Luofeng?
Wang Antian continued, "During the process of collecting the ground product, we use low-temperature liquid carbon dioxide to gather it all up, achieving almost a hundred percent collection of the finished product."
In the end.
Luofeng also obtained the finished product.
Excluding 22 grams of defective products.
This time, the loss was merely 0.06 percent.
This ratio is quite scary.
Back then, in that pharmaceutical company, their wintergreen losses were about seven percent or so.
Cheap stuff is one thing, but expensive Chinese medicine, that’s a million lost with seventy thousand gone.
"Director Wang, let’s have lunch together at noon and discuss company matters!" Luofeng expressed, also giving the other side a hint.
Wang Antian nodded, "Sure!"
"Boss Luo, may I invite my partner?" asked Wang Antian.
"Of course!"
Around one o’clock.
Li Daben also arrived at the Farmer’s Banquet.
This was the place where Luofeng hosted them.
After eating until about half full, Luofeng asked, "General Li, Director Wang, how much are you planning to sell your company for?"
The two exchanged a look, Wang Antian said, "Our total investment is 25 million, including rented space, purchased equipment, and operational expenses, etc.! Currently, there’s around seven to eight hundred thousand remaining in the accounts, theoretically, we can sustain for another three months, but we don’t know for how much we should sell, perhaps Boss Luo can make an offer?"
Even though they are honest.
They’re not that straightforward.
But this does not mean they’re foolish, nor cunning.
Who would name a price first?
"Are you open to investment?" Luofeng inquired.
"Or, are you willing to sell some shares?" Luofeng asked differently.
Wang Antian was slightly tempted.
If it’s possible not to sell the company, even if retaining just a small portion, Wang Antian would be willing.
After all, this was his first entrepreneurial venture after accumulating his original capital.
"How many shares do you need?" Li Daben asked.
"How much are you willing to sell?"
The two were silent, not speaking.
About a minute later, Li Daben said, "In our company’s capital structure, Brother Wang invested 20 million, I invested five million, I own 20 percent, Brother Wang owns 80 percent."
Wang Antian continued, "In my 20 million, I took out six million myself, borrowed six million from friends, and got an eight million bank loan. That’s how the 20 million was formed! Currently, there’s significant pressure from both the bank loan and friends’ borrowing."
Luofeng understood what they meant.
But Luofeng was not a penny-pinching person, so he said, "I need 66.7 percent of the shares, calculated based on the original 25 million asset value, but I have a condition, both of you need to stay, I will offer salaries, and based on industry peers, increase remuneration by 20 percent."
"Thank you, Boss Luo, if we hadn’t met you, we’d suffer a loss." Wang Antian expressed gratitude.
These minor monetary issues.
Luofeng had no desire to haggle over them.
Preferring to foster a good relationship.
Luofeng later discussed the peach gum issues with them and addressed additional investment matters.
Luofeng said, "I give you three days to complete all preparations for the production of ready-to-eat peach gum, is that okay?"
"No problem, we noted down the process you just mentioned," Li Daben replied.
"Alright, that’s pretty much it for today, see you around," Luofeng said.
After returning from Kangtai Pharmaceutical Company.
On the way, contacted Luo Lin.
"Dad, are you at the West City Project?"
"Yes, what is it?"
"Are you free this afternoon? The acquisition of Yifan Power is completed, Jiamei can completely take over," Luofeng said.
"You handle it, I’m busy here!" Luo Lin replied.
"Alright, just arrange for Uncle Tong to come over," Luofeng said.
"No problem." Luo Lin nodded.
This person is from Dad’s company, just let him come and help.
"Auntie, prepare all the materials of Yifan Power, Jiamei needs to take over today," Luofeng continued to message Tangya.
The other side replied, no problem.
And there was also good news to tell him.
Luofeng wondered, "What’s the good news?"
"We contacted the boss of Yifan Power, and ultimately bought their remaining assets along with all liabilities for 1 yuan."
"..." Luofeng was speechless for a moment, but it was indeed good news.
"Indeed good news, then you first prepare the materials, we’ll meet up later," Luofeng said.
"Okay!" Tangya replied.
Fifteen minutes later, Luofeng arrived at the bank where Tangya worked.
Li Wanzhong personally received Luofeng.
Tangya and the legal staff, were also on the side handling the documents.
This cooperation brought immense profits to Li Wanzhong, Tangya, and their bank, naturally making Li Wanzhong very courteous to Luofeng.
"Boss Luo, you obtained those land use rights, are you planning to change the land use nature?" Li Wanzhong asked.
This answer was obvious.
If it couldn’t change.
Only a fool would want those lands.
"May I boldly ask, what’s the next step for you, any plans? Do you need funds?" Li Wanzhong wanted to offer a loan to Luofeng.
Only companies like Jiamei Construction would banks actively seek to lend to, right?
Just like in real life, the poor have no chance of borrowing money.
Whereas for the wealthy, they’re almost begging you to lend money to them, right?
After all, even the rich sometimes face cash flow issues, right?
Luofeng smiled and said, "Does President Li know Fengshun Investment?"
"Of course I know, who in the banking industry doesn’t know this company’s name, Boss Luo is quite impressive," Li Wanzhong, seemingly knowing something, replied.
"However, although Fengshun Investment has enough funds, Jiamei is in the real estate sector, where in this field do you not operate without bank loans? Fengshun Investment’s funds can earn big money elsewhere, and our bank’s interest rates can be very low, if you use Fengshun Investment’s money, and the money’s earning capacity exceeds bank interest, wouldn’t that be a loss?"
Luofeng chuckled.
This President Li was indeed talkative.
But that was indeed the rationale.
"If Boss Luo considers getting a loan from our bank, we have no limits on the amount! How much do you plan to invest?" Li Wanzhong added.
Of course, not asking for thousands of billions was feasible.
But depending on the investment scale they planned, that’s how much they could borrow.
"Around three billion or so?" Luofeng said.
Li Wanzhong said, "If it’s twenty to thirty small goals, our bank can independently provide it, and we can lower the annual interest rate to around four percent!"
Luofeng neither agreed nor refused, saying, "Regarding the cooperation, I need to discuss it with my father, today let’s primarily handle the acquisition of Yifan Power!"
"No problem!" Li Wanzhong wasn’t anxious either and nodded.
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