sinovels Chapter 278 Kangxing Joint Venture Was Officially Established
Chapter 278 Kangxing Joint Venture Was Officially Established
Gulu.
Wang Tianming swallowed.
It’s not like Bank of Communications can’t get out a loan worth RMB 10 billion.
Not to mention 10 billion, even 50 billion can be taken out.
after all.
The banks are so poor that all they have left is money.
but.
The money is not his, it belongs to the country.
If the 10 billion yuan loaned out cannot be recovered, it will become a dead debt, and he, the president, must be responsible.
"Director Lu, are you kidding me?"
Wang Tianming took a sip of tea to calm down.
Although 10 billion is a lot, the money loaned out by him has long exceeded this amount.
after all.
Banks also have lending tasks, and these are KPIs for performance evaluation.
Lu Yi shook his head and said: "No. To be honest, if I weren't afraid of scaring you Wang Xing, I would have shouted 20 billion."
"hehe.
Wang Tianming smiled and said, "I'm already scared."
Wang Tianming was complaining in his heart, how dare you shout.
Originally, he thought that Lu Yi's 5 billion was a big deal.
Although you can't make a direct decision, you can let the risk assessment department in the bank do a little evaluation and the money will be released quickly.
But Lu Yi directly asked for 10 billion, and even wanted to shout 20 billion.
This is really like running a bank yourself.
"497 Director Lu, to be honest, if you call for 2 billion, I can make a decision on the spot. Even if it is 5 billion, the process will be completed quickly, but for 100
"Of course."
"It's not that you can't lend 10 billion.'
"It's just that the risk of 10 billion yuan is too high for our bank. Even if I can agree with it, the headquarters does not fully agree.
For such a large loan, he must report it to the head office, but it is not something he can decide by just patting his head on his head.
"I understand."
"Although Future Group's equity is very valuable now, it is a soft asset after all, not a heavy industrial asset.
"I don't plan to use my equity in Future Group as pledge to get a loan of 10 billion."
Lu Yi said with a smile.
Wang Tianming raised his eyebrows.
No need to pledge Future Group equity?
Although from the bank's point of view, Future Group's equity as collateral is weak, it is no problem to use it to borrow 3 to 5 billion.
Because Future Group’s current operations are indeed very healthy.
The four major sectors have also been divided into 16 wholly-owned subsidiaries. User traffic is in hand, product functions are leading the world, and it has begun to accept advertisers from around the world and is already making money.
Even if there is any bad news about Future Group (ccfc), it will never fall directly from the cloud into the quagmire like Goose Factory.
Therefore, banks are completely able to bear this risk.
"Director Lu doesn't use Future Group's equity as a pledge, so what kind of pledge should he use?" Wang Tianming asked.
In his opinion, the most valuable thing in Lu Yi's hands is the equity of Future Group.
"If Bank of Communications can agree to my using 10% of Future Group's equity as pledge for a loan of 10 billion yuan, of course I won't have any objections.
"But isn't it Wang Xing that you are worried that the risk is too great?"
"Furthermore, in addition to Future Group, I also have Blue Star Electronics and a company that builds a joint venture with Corning."
"If I use Blue Star Electronics' equity as collateral to get a loan of 10 billion, the resistance from your bank should be much smaller."
Lu Yi knows.
For banks, let alone 10% of Future Group's equity as pledge, even if they take 30% of the equity, they may not be able to get a loan. The risk is too high, but Blue Star Electronics is different.
Blue Star Electronics itself has certain heavy assets, especially after establishing a strategic cooperation agreement with Corning Corporation.
With heavy assets as pledge, even if Lu Yi doesn't end up with the 10 billion in the end.
The bank can also auction off the pledged heavy asset equity.
It is not said that all losses can be recovered, but at least a small part of the losses can be stopped.
"It's okay to use the equity of Blue Star Electronics and the joint venture with Corning as pledge."
Wang Tianming nodded.
He still knows about Blue Star Electronics.
After all, Lu Yi directly invested 4 billion in it.
As for Kangxing, a joint venture with Corning some time ago, who in Sioux City didn’t know about it?
It can be said.
Kangxing Company, a joint venture between Blue Star Electronics and Corning, was the most dazzling star in Sioux City during this period and was the darling of the city government.
Various preferential policies and various procedures are given the green light.
if not.
It is impossible that Kangxing Company will start laying the foundation stone in just one or two months.
"Director Lu, I can't absolutely guarantee it.
"Let's do this. You guys will submit an application report as soon as possible, and I will try my best to match it up with the head office."
*For a loan amount as large as 10 billion, I, as the branch president, have no decision-making power. It depends on whether the head office approves it or not. "
Wang Tianming said.
Lu Yi nodded and said, "Thank you so much Wang Xing."
Blue Star Electronics.
When Liu Hong saw Lu Yi return to the company, he immediately came to the office to ask about the situation.
"How's it going, Fourth Brother? What does President Wang say? How much money can you lend us?"
"You should complete the loan application as soon as possible. This time I proposed a loan of 10 billion. President Wang can't make a decision. You must apply to the head office."
"What? Loan 10 billion!"
Hearing Lu Yi's words, Liu Hong exclaimed on the spot.
"Yes, it's 10 billion. Is there any problem?" Lu Yi said with a smile.
Liu Hong said angrily: "Yes, there is a big problem! How dare you say this? I was worried that the bank would not approve 5 billion, but you doubled it!"
"Okay, okay, isn't it just 10 billion? I originally wanted to shout 20 billion, but I was afraid of scaring President Wang, so I discounted it in half. It's nothing to make a fuss about."
"Awesome! You are awesome! Even if you discount 10 billion, you are not afraid of scaring people into heart attacks due to their scandalous behavior.
"Okay, okay, you go notify the Legal Department and ask them to use the equity of Blue Star Electronics and the equity of Kangxing Company as collateral to apply for a loan of 10 billion from the Bank of Communications."
"Although 10 billion is a huge amount of money, there should be no problem."
"After all, our Blue Star Electronics and Kangxing companies are industrial heavy assets, which can greatly reduce the risks on the bank's side.
"In addition, the top leaders in the city have said hello, so there shouldn't be too much resistance."
Hearing what Lu Yi said, Liu Hong nodded: "Okay, I'll let the people from the legal department handle this matter now.
Three days later.
The groundbreaking ceremony of Kangxing Joint Venture was officially held in Suzhou Industrial Park.
Arrived.
On the Future Group side, Lu Jie and Liu Hong are all here.
On the Corning side, Wendell Weeks flew from the United States to Sioux City to participate, which shows how much he values this cooperation.
after all.
The Dragon Kingdom has a vast territory, rich resources, large population, and broad market prospects.
If it is true, as Lu Yi said, that all mobile phone brands in the world use the glass covers produced by Kangxing Company, it will definitely make money.
On the municipal government side, both the first and second leaders came, and they also saw that the city attached great importance to Kangxing Company.
during the ceremony.
Lu Yi, Wendell Weeks, and the three leaders, holding shovels, shoveled a shovelful of soil into the foundation pit at the same time.
The media at the scene were also buzzing crazily, recording this moment.
This also officially marks the establishment of the Kangxing joint venture!.