Phi-Fic Chapter 364 Shopping Mall Transactions
Chapter 364 Shopping Mall Transactions
Jiang Tiansheng knew that if he didn't come up with a solution, the company would be completely finished.
He gritted his teeth and decided to start by selling assets. The company had several idle factory buildings and equipment that they used to treasure, but now he had to reluctantly part with them.
He hired an appraisal company to carefully evaluate the assets and then contacted buyers everywhere.
.... ...
This process was not easy; the buyers all tried their best to lower the price.
Jiang Tiansheng was furious, but there was nothing he could do. In order for the company to survive, he had no choice but to keep lowering the price.
With great difficulty, these assets were sold. Although the money received was not much, it was at least a lifeline.
Next, he set his sights on the mountains of unfinished products piled up in the warehouse.
These things are piled up there, taking up space, and they all cost money.
He called an emergency meeting with everyone in the sales department.
"Brothers, the company is counting on us now. We need to get rid of this backlog of inventory as soon as possible."
Starting tomorrow, everyone will go out and promote these products to customers.
"No matter what method you use, as long as you can sell it, you'll get a high commission on every order."
Upon hearing about the commission, the salespeople, who had been hanging their heads, immediately lifted them up, and their eyes lit up.
That afternoon, they all went out to run business.
Selling assets and unsold inventory wasn't enough, so Jiang Tiansheng also thought of the company's patents.
Over the years, Hongpu Chemical has also developed many patented technologies, some of which are quite valuable.
He thought that selling these patents might solve his immediate problem. He brought up this idea at a board meeting.
"Distinguished board members, the company is in a critical situation right now. I believe that selling some of our patents is the best way to raise funds quickly."
As soon as he said it, the meeting room erupted in chaos.
"President Jiang, patents are the company's core assets. What will our '403' team rely on for development after we sell them?" a director said with a frown.
“Yes, once this patent is sold, the company will lose its technological advantage. Isn’t that cutting off its own escape route?” another director chimed in.
Jiang Tiansheng had anticipated such opposition, and he patiently explained:
"Everyone, we need to survive first. If the company goes bankrupt, all the patents we have will be useless."
Moreover, we are only selling some of the less critical patents, which will not affect the company's long-term development.
Once the company recovers, we can increase investment in research and development.
Some of the directors listened thoughtfully, while others remained skeptical.
After a heated discussion, the majority of the board members ultimately agreed to Jiang Tiansheng's proposal.
Although I felt uneasy, I understood that this was the only option available.
Next, Jiang Tiansheng busied himself reassuring his employees.
The company is facing bankruptcy, and the employees are in a state of panic, with many secretly looking for new jobs.
Jiang Tiansheng knew that if all the employees ran away, the company would be completely finished.
He gathered all the employees in the company's main conference room, stood on the stage, and said loudly, "Brothers, I know the company is not doing well right now, and no one is sure of the outcome."
But I assure you all that as long as the company can pull through, we will make up for every penny of the wages we owe you.
Furthermore, once the company recovers, we'll give everyone bonuses. Now, we need to work together to get through this difficult time.
After hearing this, the employees' previously agitated emotions calmed down somewhat.
Although he still had some doubts, seeing how determined Jiang Tiansheng was, he was willing to give it another shot.
At the management meeting, Jiang Tiansheng reiterated the importance of clearing out the backlog of goods and finding buyers for the patents.
"Brothers in management, the life and death of the company are now in our hands."
The sales team is already clearing out the backlog of inventory; we need to support them.
In addition, everyone is also paying close attention to the matter of selling patents.
Whoever finds a suitable buyer will definitely get a substantial commission.
The management team nodded in agreement, indicating that they would do their best.
While Jiang Tiansheng was swamped with work at Hongpu Chemical, he also had to worry about the operation of Paramount Company.
Although Paramount Company was not in as dire a situation as Hongpu Chemical, it still faced many challenges.
Recently, there was a tender for the Century Tower project. This is a huge project, and if we can win it, it will definitely be very beneficial to the development of Paramount Company.
Jiang Tiansheng and his team meticulously prepared their bid, determined to win...
On the day of the bidding, Jiang Tiansheng arrived at the site early.
The competition was fierce, and the representatives of the various companies greeted each other with confident smiles.
Jiang Tiansheng appeared calm on the surface, but he was actually very nervous inside.
When the bidding results came out, Paramount Company did not win the bid. Jiang Tiansheng felt a pang of disappointment, but he quickly recovered.
In business, it's normal to have wins and losses; the key is to find ways to turn those failures into opportunities.
He had a sudden inspiration and came up with the idea of hiring a newspaper to promote his work.
He found several influential newspapers, gave them money, and asked them to report on the Paramount Company's participation in the bidding for the Century Tower project, highlighting the Paramount Company's strength and advantages.
The newspaper, having received the money, naturally complied. A few days later, reports about the Paramount Company appeared in the paper.
The report had an immediate effect, and Paramount's stock price soared.
Jiang Tiansheng finally breathed a sigh of relief as he watched the stock price rise.
Jiang Tiansheng also set his sights on the newly listed shares of Hysan Development Company.
He thought this was a great opportunity to make money. If he could snap up some new shares and sell them after the price went up, he would definitely make a fortune.
He arranged the funds well in advance, and on the day the new shares were issued, he had his subordinates stand in front of the computers, ready to snap them up.
After fierce competition, they actually managed to snag quite a few new shares.
Jiang Tiansheng was eagerly anticipating a rise in the stock price, hoping it would bring Paramount Company a considerable profit.
In addition, Jiang Tiansheng also made a business deal in the shopping mall.
He recently acquired a shopping mall in a good location, but the decor is a bit outdated.
He hired a renovation company to carry out a major overhaul of the shopping mall.
After the renovation, the entire mall was completely transformed, looking high-end and classy.
Soon, buyers came to our door.
After some haggling with the buyer, Jiang Tiansheng finally sold the mall for a good price.
This deal allowed Paramount to recoup a large amount of funds, greatly alleviating the company's financial pressure.
While he was extremely busy with company affairs, Jiang Tiansheng's personal life was also not idle.
Lin Ya arranged a dinner party and wanted Jiang Tiansheng to attend.
Jiang Tiansheng didn't really want to go, but he didn't want to refuse. He mentioned it to Bai Jinyan, who said she wanted to go with him.
Left with no other choice, Jiang Tiansheng had to agree. "Alright, you can go, but there are some things you need to tell your mother so she doesn't misunderstand," Jiang Tiansheng said to Bai Jinyan.
Bai Jinyan nodded in agreement.
That day, Jiang Tiansheng arranged to meet Li Yulong at a quiet coffee shop.
After exchanging a few pleasantries, the two got down to business.
Li Yulong cleared his throat and said, "Brother Jiang, I have a plan to jointly build a commercial building in a very good location. Are you interested in doing it together?"
The Paramount Company is about to be sold, and participating in the joint construction of the commercial building at this time will cause a lot of trouble later.
He politely declined, saying, "Brother Li, I'm really sorry, I haven't finished dealing with things at the Paramount Company yet, and I really can't spare the energy to participate in the joint construction of the commercial building."
Li Yulong wasn't angry. He took a sip of coffee and said, "Since that's the case, I won't force you."
"But Brother Jiang, I see the location of the Jiadu Building you own is quite good, and I happen to need it. Why don't you sell it to me?"
Jiang Tiansheng reasoned that keeping the Jiadu Building wouldn't be of much help to his current situation, but selling it would allow him to recoup some funds. He then said:
"Alright, Brother Li, since you're interested, let's talk about the price. My target price is 2850 million yuan, what do you think?"
Li Yulong felt the price was a bit high, but considering the excellent location of Jiadu Building, he didn't haggle any further and nodded, saying:
"Okay, 28.5 million yuan it is."
After the deal was finalized, Jiang Tiansheng asked, "Brother Li, with such a large sum of money, I'm quite curious about the source of your funds. Would you mind revealing it?"
Li Yulong smiled and said, "Brother Jiang, to be honest, I only have a 20% stake in this matter; the rest is all partnership capital."
Upon hearing this, Jiang Tiansheng thought to himself, "Li Yulong must have some serious business acumen to be able to raise so much capital from partners."
He immediately had the idea of further cooperation with him, and said, "Brother Li, I think you have a strong ability to operate a business."
I have a project involving the acquisition and renovation of old shopping malls in Kowloon. Would you be interested in expanding this project together?
Li Yulong's eyes lit up, and he said, "Oh? Is that so? Of course I'm interested. Let's find some time to talk about the specific details."
Jiang Tiansheng nodded and said, "Okay, it's settled then."
After leaving the coffee shop, Jiang Tiansheng returned to the Paramount Company.
As soon as he entered the office, he began to work on the debt restructuring of Hongpu Chemical Company.
The debt problem of Hongpu Chemical has been weighing on his mind, and he must find a way to solve it.
He brought in his finance team to discuss specific solutions.
Ultimately, it was decided to inject the properties of Paramount Company into Hongpu Chemical through the issuance of new shares and property swap.
He instructed the finance team: "We will issue new shares to attract investors."
At the same time, swapping suitable properties from Paramount for Hongpu Chemical would not only solve some of Hongpu Chemical's funding problems but also optimize its asset structure.
The finance team members nodded in agreement and began preparing for the relevant matters.
In an effort to boost the stock price of Hongpu Chemical, Jiang Tiansheng began to orchestrate positive news.
He arranged for the marketing department to release information about Hongpu Chemical's new breakthroughs in technological research and development, and also organized some industry experts to give a positive evaluation of Hongpu Chemical's future development prospects.
As soon as these positive news were released, market attention to Hongpu Chemical indeed increased, and the stock price began to slowly rise.
Jiang Tiansheng also encountered trouble in getting the property management company out of the predicament.
When his competitors learned that he was going to sell his property, they all started to lower the price.
But Jiang Tiansheng was not intimidated. He approached Zhao'an Real Estate and Hehong Real Estate to discuss cooperation.