The wealthy entrepreneur: I want to support millions of employees!.

Chapter 970 Loans and Banks Lead the Way! Preparing for a 10 Billion Dollar Acquisition!

"Boss, isn't this acquisition a bit too big?" Dong Zengjie glanced at Guo Xueqin and asked, "Can our company's cash flow support it?"

"Yes!" Guo Xueqin couldn't help but worry as well.

Having finally found a company where she felt comfortable, she didn't want to see Jufan Holdings go bankrupt due to debt problems!
Outsiders thought Jufan Holdings was very powerful, but she knew it was just an illusion!

Jufan Holdings only has higher profits from Xinghuo Entertainment Group and Jiuxiang Catering... the profits of the other companies are rather complicated.

The only saving grace is that the boss has a knack for the financial industry and controls a huge amount of cash flow!

Most of the subsidiaries have low debt ratios!
“I like this company and don’t want to miss it!” Su Yang didn’t explain further. “Moreover, this company has a very good foundation. It not only has 100,000 employees and a complete supply chain that runs throughout the country, but it is also a listed company that has been operating in China for nearly 30 years and has considerable brand recognition. As long as we acquire this company, it can complement the company’s other industries.”

"Boss, this company is still losing money, right?" Jiang Yuzhen asked in a low voice. "It loses over a billion a year!"

Su Yang said confidently, "I am confident that I can turn it around and make a profit!"

Guo Xueqin asked seriously, "Has the boss made a decision?"

"Well, it's decided!"

Guo Xueqin thought for a moment and said, "Okay, boss, we'll do our best!"

Liu Fei also said, "Boss, we will do our best too!"

Dong Zengjie hesitated for a moment before saying, "Since the boss has made up his mind, let's do it!"

Seeing that the other two executives had both expressed their opinions, Jiang Yuzhen nodded and said, "Understood!"

In a short period of time, Su Yang gained the support of the company's management!
If an ordinary boss claimed he could turn a company with 100,000 employees around, the company's executives might have some doubts. But if Su Yang said that, then it's not like that!

Whether it's Guo Xueqin, Dong Zengjie, Jiang Yuzhen, or Liu Fei, none of them doubt Su Yang's abilities now. This trust has gradually built up over a long period of time together!

In their view, if even the boss can't do it, then there are very few people in the country who can!
Seeing that all the executives had expressed their opinions and that they weren't saying things they didn't mean, Su Yang smiled.

This isn't a simple acquisition anymore, because he doesn't have that much money!

The leverage issue requires the company's full support and negotiations with various financial institutions.

This time, he will definitely need a bank loan!

"Then I'll leave it to you all!"

"No problem, boss!"

"..."

Guo Xueqin then asked, "Boss, are you still going to acquire Romi Biotechnology?"

"If possible, we should try our best to acquire them!"

Giving up RomiBio could indeed alleviate the company's financial burden.

But this company is really high-quality and has ways to monetize it, so he doesn't want to miss out on it either!

He wants them all!
"Alright!" Guo Xueqin's expression also turned serious. "The boss doesn't mind a bank loan, right?"

"If we can go through the bank, that would be best!"

"Ok!"

After the group left, Su Yang received messages from Xiong Tianze and Yu Siying.

He replied briefly to let them know what was going on, and also called Cheng Wenhuo, who was on a business trip in Guangdong Province, to inform Tian Hanxiong about the matter!
"President Su, you've gone a bit too far!"

"There's nothing I can do about it. I think this is a good opportunity... Will you come too?" "Is this your internal meeting?"

"It's not like we're doing anything illegal. As long as you don't leak anything, it's fine. We're doing legitimate business, and you know that perfectly well, don't you?" Su Yang said with a smile. "We might need your help sometime!"

"...Alright! Since President Su trusts me!"

By 2 p.m., all the senior executives of Jufan Holdings, Yu Siying, key personnel from the M&A department with experience in acquiring supermarket retail companies, legal counsel, senior executives from Yuanshi Private Equity, and senior executives from Xinyue Supermarket had arrived!
Tian Hanxiong also ran over and greeted Guo Xueqin, Xiong Tianze and the others!
Everyone knows that Su Yang is determined to acquire Gaoxing Retail.

"..."

Xiong Tian slowly said, "If you still have confidence in the stock market, it is indeed better to go through bank loans... Our private equity fund has been doing very well recently, and we feel that we can continue to make big profits!"

After saying this, Xiong Tianze looked at Su Yang!
He knew very well that Pei Jiaqi was all show and no substance; the stock market still depended on Su Yang!
Moreover, it was he who ultimately made the decision on this matter!
Su Yang nodded seriously and said, "I am very optimistic about the stock market this year!"

Seeing Tian Hanxiong raise his hand, Su Yang smiled and said, "Manager Tian, ​​what do you have to say?"

"Private equity funds can be used as collateral for bank loans. If the stock is a highly liquid listed company, the loan amount can be between 50% and 70%!"

"Ok!"

Tian Hanxiong continued, "However, banks will assess the returns of private equity funds regularly. If the funds purchased by the company experience a significant drop in value, they may be required to liquidate the positions, replenish the margin, or provide additional collateral!"

Su Yang nodded: "I understand!"

“If we can offer equity as collateral, the approval rate will be higher and the interest rate will be lower!” Tian Hanxiong thought for a moment and said, “President Su is asking for a loan of seven billion, which is too large. Even if there is a private equity fund of 10 billion, it is difficult to get a loan from only one bank. My suggestion is that our bank take the lead and lend together with other banks to share the risk. The approval rate will be higher... Bank loans are at most 6%, but if it is a non-bank institution, the interest rate may double!!”

"Can Manager Tian help?"

Alibaba is eager to make a move, and You Jun's information is somewhat outdated!
“Sure!” Tian Hanxiong thought for a moment and said, “However, it might require President Su to personally come with me. If President Su personally intervenes, our bank will have to give him face!”

"Okay, if this works out, Manager Tian will be a great help!"

“This is also business for our bank!” Tian Hanxiong said, taking a deep breath. “And President Su is also a valued client!”

He owes Su Yang a huge favor!
Given this opportunity, he will definitely go all out to help Jufan Holdings secure the loan as soon as possible!

"Ok!"

"However, Mr. Su may need to find other ways to secure funding later!"

It's practically impossible for Su Yang to borrow over 10 billion in a short period of time!

“I understand, but how can you do business without taking risks!” Su Yang nodded with a smile. “Don’t worry about that. Even if Gaoxing Retail loses money, it’s still a high-quality listed company. Even if it’s sold later, we can find someone to take over!”

"It's good that President Su has confidence!"

Tian Hanxiong thought about it and agreed. Gaoxing Retail is a listed company, and banks prefer to lend to listed companies. If Gaoxing Retail can turn a profit and not be delisted, it will be a high-quality asset.

Guo Xueqin pursed her lips, feeling that this person had done her job!
Is it really necessary to be so proactive?
However, she still said, "Boss, you can ask the authorities if they can help!"

"can!"

Su Yang also felt that Guo Xueqin made a good point, and that they should give it a shot, no matter what!
What if there is?

The follow-up work was quickly finalized, and Liu Fei and You Jun flew to Hangzhou that very evening to contact and negotiate with Alibaba Group. They also needed to control the pace and buy time for the company!
For Su Yang, Guo Xueqin, and Tian Hanxiong to apply for loans, it would be best if Longyin Bank, where Tian Hanxiong works, took the lead. Having a major bank to connect them can save the company a lot of time.

Yuanshi Wealth No. 1 Fund will not be redeemed for the time being to facilitate the bank's asset valuation.

Su Yang also got busy, but this busy state made him feel incredibly fulfilled!
Even the women around him have noticed that their man has been full of energy and vitality lately, and seems to be a little hyperactive, which is hard for them to handle, especially with three key players missing!

(End of this chapter)