The Super Rich: Start from when the family business is about to go bankrupt!

Chapter 343 WPG0342: Transferring Risks? Wugengtian covers % of the risks!

While An Wuyang and Xiao Qingyue were still recording the Vlog of "Mr. An answers stupid questions from netizens", Tang Wenshu knocked on An Wuyang's office door.

‘Dong dong dong~’

"Come in." An Wuyang responded loudly.

After Tang Wenshu came in, he reported, "Boss An, President Zhou is already waiting in the small conference room."

Tang Wenshu did not look at Xiao Qingyue. He had seen Xia Yuqing, the little foreigner, and now he saw Xiao Qingyue again, but he had no intention of saying anything more, not even looking at her twice.

This Tang Wenshu is so sensible!
"Okay, we'll be there right away." An Wuyang responded.

Tang Wenshu immediately left An Wuyang's office.

An Wuyang said, "Come on, I'll take you to our important development meeting at 5:00 p.m."

Xiao Qingyue responded with gratitude, "Thank you, Mr. An!"

The two walked out of the CEO's office together, and then came to the small conference room under the leadership of An Wuyang.

In the small conference room, Zhou Sheng and Zhou Xiang were already waiting for An Wuyang.

When they saw An Wuyang and Xiao Qingyue walk in, both of them showed a look of doubt in their eyes, but neither of them asked.

An Wuyang took the initiative to introduce Xiao Qingyue and asked Xiao Qingyue to record a Vlog.

Neither Zhou Sheng nor Zhou Xiang could have any objections.

The minutes of this meeting were handled by Zhao Tuo and Dong Zihao, a newcomer in the President's Office Secretariat.

Tang Wenshu is currently in charge of the daily management affairs of Wugengtian Pharmaceutical Group. Zhao Tuo has also been authorized by An Wuyang to establish the Wugengtian Infrastructure Department. Currently, there are only three green hands in the secretariat of the President's Office.

Dong Zihao is Zhao Tuo's junior, also from Shengqing University. He has joined Wugengtian for four years. Before that, he had been doing clerical work at the headquarters. Now that there is a vacancy in the secretariat of the President's Office, he passed the assessment and was transferred in by Tang Wenshu.

The situations of the other two were similar.

All three were secretly reviewed by An Wuyang using the character rating subsystem, and no problems were found.

"President Zhou, the reason we asked you to come here this time is mainly because we have an important development plan at Wugengtian that requires your support." An Wuyang explained.

Zhou Sheng responded affirmatively, "No matter how much support Wugengtian needs from us, we at Shengqing Commercial Bank will do our best to serve Wugengtian."

I have to say that Zhou Sheng’s attitude is a bit humble!

Because Zhou Sheng first expressed his support for Wugengtian, and Zhou Sheng described this support as service. Isn’t this attitude humble enough?
This is because when facing Wu Geng Tian, Shengqing Commercial Bank has no status as the God of Wealth at all. On the contrary, Wu Geng Tian is the financial sponsor of Shengqing Commercial Bank.

"You should have heard of the two joys of our group, right?" An Wuyang asked.

Zhou Sheng answered affirmatively, "I read the Shengqing news yesterday."

Zhou Xiang seconded, "I also read some information about the two happy people on the Internet."

"Our cooperation this time will revolve around the two joys." An Wuyang explained.

"Regarding the two joys, some of the revelations on the Internet are true. It does have the effect of saving premature babies." An Wuyang started directly with zero frames and released the heavy news first.

Such news has long been no secret in certain circles!
For example, Musk. Do you really think why Musk would buy 500 bottles of Two Joys?

He not only wants to use it himself, but also wants to take it back to make money.

However, for ordinary people, this kind of news is indeed breaking news.

"Liang Huanxi is the top product of our Wugengtian Pharmaceutical Group, and the current production capacity is very small." An Wuyang explained.

"Up to now, we at Wugengtian have only sold two batches of Two Joys. The first batch only had 150 bottles, of which 100 bottles were consumed by our five major domestic distributors, and the other 50 bottles were consumed by seven major overseas distributors." An Wuyang explained in detail, indicating that the production capacity of Two Joys is scarce.

"There are two corresponding ex-factory prices. The five major domestic distributors are 25 Xia Guoyuan, and the seven major overseas distributors are 8 US dollars." An Wuyang explained the price again.

The different prices indicate Wu Geng Tian’s attitude.

In fact, there are many commercial companies around the world that set product prices similar to Wugengtian. Generally, the product is cheaper in the country of origin, and more expensive in other countries.

Of course there are a few exceptions, but they are just a minority. We are not allowed to talk about too many topics that disunite us!
"As for the second batch, I believe everyone has learned about it from the news." An Wuyang continued to explain.

"Considering that the price of Liang Huanxi is too expensive, even if we at Wugengtian are willing to offer the most favorable treatment, its price is still unaffordable for ordinary people, so we plan to work with your Shengqing Commercial Bank to develop a loan product for Liang Huanxi." An Wuyang told Shengqing Commercial Bank what it needed to do.

"For example, when a premature baby from a poor family is facing a life-and-death crisis and needs Er Huan Xi to save his life, let them apply for a loan from your Shengqing Commercial Bank, and then use the loan to buy Er Huan Xi, and then use Er Huan Xi to save his life." An Wuyang explained.

Zhou Xiang wanted to speak, but he found that his father Zhou Sheng was very calm, so he suppressed his doubts.

An Wuyang asked, "What do you think about this plan?"

Zhou Sheng then kicked his son, signaling him to speak.

Zhou Xiang immediately asked, "Boss An, we at Shengqing Commercial Bank have a question. At what price do you plan to sell the two Joys to the corresponding poor families at Wugengtian?"

"We at Wugengtian are willing to provide poor families with the same treatment as the top five dealers, which is a price of 25 Xia Guoyuan." An Wuyang responded.

This one looks expensive!

But An Wuyang has just made it very clear that the price of selling Two Joys to seven major overseas distributors was US$8.

If we calculate based on 1 US dollar equals 6.88 Xia Guoyuan, the price for the seven major overseas distributors to purchase Two Joys would be 55.04 Xia Guoyuan, which is almost 30 Xia Guoyuan more expensive.

What’s more important is that these prices are all the ex-factory prices. Whether it’s the top five domestic distributors or the top seven overseas distributors, how much do they sell it for?
In addition, the transaction between An Wuyang and Musk also established a pricing anchor of $8 for the two Huanxis, so An Wuyang now stated that he could sell the two Huanxis to poor families at a price of 25 Xia Guoyuan, which already seemed very kind.

However, for poor families, even though being safe and sound was already merciful enough, 25 Xia Guoyuan was still beyond the affordability of % of poor families.

So An Wuyang hopes to cooperate with Shengqing Commercial Bank to launch a loan business targeting the two happy people. He can't really let Wu Gengtian give it away directly, right?

If it is given away directly, the problem will be even bigger!
Because it is profitable, will hospitals across the country define babies who originally have no problems as premature babies, and define them as critically ill premature babies?
The human heart can never stand the test!

An Wuyang didn't want to test the dark side of human nature, so he chose a more complicated operation.

When Zhou Xiang heard An Wuyang's price, he first flattered him, "Mr. An is so kind!"

An Wuyang laughed and scolded, "Stop flattering me. If these words get out, the internet trolls will start typing on their keyboards to complain about why we don't just give out two joys on Wugengtian." Zhou Xiang sneered, "They are internet trolls after all!"

"If we ask those internet trolls to donate money to buy two Joys for poor families, they will shut up. After all, they only blame others!" Zhou Xiang added.

"Mr. An, how about you start a charity donation project at five o'clock in the morning to raise money specifically for the two Huanxis?" Zhou Xiang suggested.

An Wuyang directly denied it, "No, no, no, the internet trolls have something to say again. We at Wugengtian are just trying to fake charity and really make money."

Zhou Xiang couldn't help but laugh out loud again, "Those internet trolls think too highly of themselves. You guys don't need these little tricks during the five-minute watch!"

An Wuyang said with a smile, "But they can't understand, right?"

"Let's not talk about these meaningless things and continue discussing the loan issue surrounding the two Huanxis." An Wuyang brought the topic back.

Zhou Xiang said with some embarrassment, "This... Loans usually require collateral."

"If it is a credit loan, an income assessment is required," Zhou Xiang added.

Zhou Xiang’s meaning was very clear, that is, poor families would not be able to pass the loan review no matter which method they choose.

After all, they are all poor families, how can they expect to have collateral?
Is it the vacant property or the family car that is used as collateral?

After all, some people believe that no matter how poor a family is, they should have a few idle properties or cars, right?

As for the income assessment option
Isn’t the reason why poor families are poor families because of their low income?
In this case, how can I pass the income assessment?

From the perspective of Shengqing Commercial Bank, at present, Wugengtian wants to transfer the risk and let Shengqing Commercial Bank bear the corresponding loan bad debt risk.

That’s why Zhou Sheng didn’t express his opinion and let Zhou Xiang conduct the communication.

This will provide an extra layer of room for maneuver and avoid a deadlock from the beginning.

Xiao Qingyue was recording the Vlog nearby, and she also analyzed these problems. She was secretly curious about how An Wuyang would get Shengqing Commercial Bank to agree to their suggestions for the fifth day.

An Wuyang could of course guess the concerns of Shengqing Commercial Bank. He responded, "I asked you to do a loan project, not to really lend money."

"What do you mean?" Zhou Xiang asked puzzledly.

"Based on the two happy loan business, your Shengqing Commercial Bank signed a contract with a specific poor family, which is equivalent to the poor family owing a debt to your Shengqing Commercial Bank." An Wuyang began to explain in detail.

Zhou Xiang nodded, indicating that this was indeed the concept.

"According to the normal process, a specific poor family signed a loan agreement with your Shengqing Commercial Bank. You reviewed and approved the loan, and the money was sent to us at Wugengtian to purchase the two joys. We took the money and shipped the goods. In the end, the specific poor family got the two joys to save their critically ill premature babies, and then slowly repaid the loan." An Wuyang explained the entire process.

"Under normal circumstances, that is indeed the process." Zhou Xiang agreed.

But the actual situation is that we can’t even take the first step, okay?

Even if the management of Shengqing Commercial Bank drank fake liquor, it would be impossible for them to sign unsecured and credit-free loan agreements with poor families. After all, that would definitely mean high-risk bad debts.

Even if Shengqing Commercial Bank offered such a loan to save face for Wugengtian, it would not be able to provide much.

After all, banks are not charities!

Even if it is a charity, it still has to provide benefits for its employees through high salaries!
"What if we guarantee the corresponding loans at five o'clock in the morning?" An Wuyang asked.

"Ah?" Zhou Xiang was stunned.

Zhou Sheng also raised his eyebrows.

An Wuyang continued, "You, Shengqing Commercial Bank, want to make money, and we, Wugengtian, want to do something to save some new lives. We each have our own needs."

"In order to ensure that your Shengqing Commercial Bank can make money, we at Wugengtian can deepen cooperation with your Shengqing Commercial Bank, including signing a drawer agreement." An Wuyang added.

The so-called drawer agreement is actually a jargon in the industry.

This means that some agreements cannot be put on the table and can only be locked in a drawer.

"Take the loan of Two Joys as an example. You don't need to lend money to the patient's family, and the patient's family does not need to pay us at Five Gentlemen. We will directly issue Two Joys to the patient's family at Five Gentlemen." An Wuyang explained.

"The patient's family only needs to repay the loan on time, and the corresponding term can be set longer, such as 10, 20, or even 30 years, and the interest rate can be lower, such as only 2% annual interest," An Wuyang added.

"Anyway, you, Shengqing Commercial Bank, don't have any actual costs. All costs are borne by us, Wugengtian. Is there any problem with a lower interest rate?" An Wuyang asked.

Zhou Sheng said, "No problem! As Mr. An said, since we have no cost, even a lower interest rate is no problem."

This is called free money!

"I was just about to say that you should give us half of your interest, and the principal should be directly deposited in your Shengqing Commercial Bank." An Wuyang added.

"For the corresponding loan project, your Shengqing Commercial Bank only has a gross profit of 1%." An Wuyang added.

Zhou Sheng still agreed, "No problem either."

Shengqing Commercial Bank only needs to pay some human resource costs to get 1% profit, so why not do it?

Besides, is human resource cost considered a cost?

It's just the labor of cattle and horses!

In addition, since there is no need for review or actual loan issuance, the human resource cost is actually very low. It is nothing more than signing a loan contract.

The paper cost of the contract is very low, and the human resource cost of cattle and horses is very low. Taken together, it is equivalent to no cost.

After all, the cost of Shengqing Commercial Bank’s daily operations can cover it, so what other costs are needed?
The wages of cattle and horses are daily operating costs and do not need to be calculated separately.

Xiao Qingyue was listening to the communication between An Wuyang and Shengqing Commercial Bank. She was filled with surprise, because as An Wuyang said, such a cooperation plan was entirely borne by Wugengtian.

"So this is how Wugengtian covered the bottom line. No wonder he asked Shengqing Commercial Bank to sign a loan agreement with the poor families from the beginning, without considering the possibility that Shengqing Commercial Bank would not agree." Xiao Qingyue sighed.

It’s not that Wu Geng Tian wants to transfer the risk, but Wu Geng Tian bears 100% of the risk!
"Mr. An, what should we do if an extreme situation occurs with the relevant loans?" Zhou Xiang raised the issue of extreme situations.

(End of this chapter)