The wealthy entrepreneur: I want to support millions of employees!.
Chapter 972 So big, so much, and so cheap! Aesthetically pleasing!
Chapter 972 So big, so much, and so cheap! Aesthetically pleasing!
Yu Chengjun's hand trembled slightly as he held the water: "A loss of more than a billion Hong Kong dollars?"
"Ok!"
Su Yang handed his phone to Yu Chengjun: "Take a look!"
Yu Chengjun glanced at the stock trading app on his phone and was shocked to see that the stock price of Gaoxin Retail had been plummeting since the market opened with a super low opening price, showing a downward trend that seemed poised to plunge!
"Wow~ It's dropped by 21%!"
Su Yang asked in surprise, "21%? Isn't it 20%?"
Su Yang flipped through his phone and glanced at it again... It had dropped by 22%, and the stock price had reached HK$1.9!
He suddenly didn't want to look at his phone anymore.
The only thing that comforted him was that when Alibaba acquired Gaoxing Retail, the stock discount rate was much lower than this!
Is the boss in a bad mood?
"How could I be in a good mood?" Su Yang forced a smile. "After all, it's the company's market value that's falling... Maybe it's because I've never controlled a listed company before! This stock drop is a bit thrilling!"
He was quite calm about it. Anyone who has heavily invested in a stock would feel bad if it suddenly dropped by 20%!
Thinking back to when Gaoxing Retail's market value exceeded 100 billion yuan, he felt even more distressed!
"Ok!"
Seeing Su Yang like this, Yu Chengjun felt a pang of sympathy!
She could understand the pressure Su Yang was under. After acquiring Gaoxing Retail, the company's previously abundant cash flow began to tighten, especially when combined with Gaoxing Retail's debts...
Su Yang and his company's debts easily exceeded 40 billion!
What does 40 billion mean?
Just thinking about it makes her feel suffocated!
After taking a sip of water and putting down the glass, Yu Chengjun kicked off her slippers, stepped onto the bed, and lay down on top of Su Yang.
Su Yang could see her fair skin through the collar of her bathrobe!
While not as impressive as Natalia's, it's still quite remarkable among women in China!
She tossed her hair, looked at Su Yang with her beautiful eyes, and said softly, "Let me help the boss relax!"
"Ok!"
Su Yang put his hands behind his head, looking like he was just watching her perform!
Yu Chengjun gave Su Yang a charming glare, then tied her long hair up with a hairband.
At eleven o'clock, Su Yang got out of bed, feeling refreshed.
After having breakfast with Cheng Wenhuo, Liu Fei, You Jun, and other employees, Su Yang chatted with Cheng Wenhuo, Liu Fei, and other senior executives and key personnel.
"The investigation and evaluation of Romi Bio continues. We'll try to get it done before March!" Su Yang said lazily to everyone while sipping his fragrant tea on the sofa. "Don't worry about the money. Although the company has taken out a loan of seven billion, the overall financial pressure isn't too great!"
Seeing their boss so relaxed and confident, the more than ten department and subsidiary managers, as well as key personnel, felt much more at ease!
"As for Gaoxing Retail, don't worry. This company has a very good foundation, and I am confident that I can lead it to profitability this year!"
Despite Gaoxing Retail's profit of over 100 million yuan in the second half of last year, it still suffered a loss overall last year.
We lost even more last year, over a billion yuan!
Alibaba Group's massive cost-cutting and efficiency-improvement efforts, including closing unprofitable stores and trying to make its financial statements look good, are simply for the purpose of boosting sales!
After all, any company that wants to take over the company will try to drive down the price as much as possible when it sees a company losing more than a billion yuan a year!
Cheng Wenhuo laughed and said, "Boss, you're confident? This is a real elephant!"
You Jun also said, "Yes! There are very few companies in China with more than 100,000 employees!"
Liu Fei added, “There are no more than eighty companies in China with more than 100,000 employees. Most of them are government-owned enterprises, such as railways, power grids, and oil companies. The few private companies are all real large groups and giants… Alibaba Group originally had more than 200,000 employees. After selling Gaoxing Retail, their number of employees has shrunk by almost half!”
Hearing Liu Fei say that, Su Yang felt even better, and his smile became even more friendly!
If it weren't for the rare opportunity, why would he have leveraged himself so heavily!
This company truly fits his aesthetic perfectly—big, plentiful, and cheap! Most companies with over 100,000 employees are valued at hundreds of billions or trillions, or are considered national strategic assets… nothing like Gaoxing Retail.
Seeing that Su Yang had regained his former charm, Yu Chengjun couldn't help but feel happy too!
"Don't worry about that, I'm confident in myself!" Su Yang continued, "Manager Cheng, Manager Liu, tell the M&A department to acquire Gaoxing Retail, Luomi Biotechnology, and Dafeng Food. After they complete their tasks, I will give them bonuses and then let them take a month off!"
"Good boss!"
Most of the people present laughed happily!
Most of them are from the mergers and acquisitions department!
"Also, it's okay if you don't want to travel. I know some of you might be tired of traveling and would prefer to stay quietly at home during your vacation!"
Many M&A department employees looked at Su Yang in surprise; they hadn't expected their boss to actually understand them!
Su Yang continued with a smile, "Of course, if you want to take your whole family on a trip, as long as you go through Menghai Travel Company, we'll reimburse you. It's your choice!"
"Good boss!"
After the group of employees left, Su Yang sat quietly for a while.
Then, Yu Chengjun was asked to contact the company headquarters to not only get the bank to release the loan and pay the deposit to Alibaba Group, but also to have a headhunting company help him find suitable senior executives.
Su Yang offered a relatively high annual salary this time, starting at five million for CEO!
Chief Operating Officer and Chief Financial Officer start at three million annual salary.
Of course, if someone is truly exceptionally capable, he can offer an even higher annual salary!
In the afternoon, Su Yang met Gao Yuanshan, the general manager of Hongyin Capital, at the hotel.
This man, in his forties, was impeccably dressed in a suit and wore gold-rimmed glasses; he exuded an air of sophistication!
When Gao Yuanshan saw Su Yang, he was also very surprised, surprised by Su Yang's youth!
However, during the handshake, he couldn't help but laugh and say, "I've long heard that President Su is exceptionally charming, but I didn't expect him to be so young and handsome!"
"If you tell me I'm handsome, I'll definitely accept it!"
"Hahaha……"
Gao Yuanshan burst into laughter, and even his assistant and Yu Chengjun pursed their lips!
After taking his seat, Gao Yuanshan couldn't help but complain, "To be honest, we've been talking to Alibaba for almost a month. We thought the deal was done, but we didn't expect you guys to suddenly come out of nowhere and ask for 125 billion right away... This puts a lot of pressure on us!"
"When it comes to buying things, the highest bidder wins!" Su Yang said without much politeness. "You don't have much money, so of course you can't blame me!"
Gao Yuanshan took a deep breath, feeling that this President Su was too direct!
Seeing that he didn't speak, Su Yang asked curiously, "Mr. Gao, is there something you need from me?"
"I mainly wanted to meet you. I've heard of President Su's name for a long time, but unfortunately I've never had the chance to meet you!"
"I've seen it now!"
"Hmm!" Gao Yuanshan continued, "I heard that the bank only gave you a 7 billion loan this time? You also seem to be acquiring LuoMi Bio at the same time, and giving them a valuation of 600 million US dollars!"
"Don't worry about that. If I wanted, I had plenty of assets I could pledge!" Su Yang said with a smile. "Besides, I'm doing well in other industries, and my cash flow is quite abundant!"
“I know that!” Gao Yuanshan nodded, but he still said, “If Mr. Su’s Xinghuo Media, Jiuxiang Catering or other companies have financing needs, they can consider Hongyin Capital. Hongyin Capital also has great confidence in Mr. Su’s abilities!”
"Of course!" Su Yang nodded with a smile. "I also enjoy cooperating with powerful companies like Hongyin Capital. I hope we can expand the market together in the future!"
"it is good!"
"Of course, if you need funds, or if the companies you invest in need financing, you can also consider me!" Su Yang said with a smile. "I also trust Mr. Gao's judgment!"
(End of this chapter)
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