GBP Chapter 1262 Tan Zongming's Choice!
Chapter 1262 Tan Zongming's Choice!
Hearing that Boss Bao would invest eight million for five percent of the shares, Xu Banxia and the others were happy. After all, this way they could get the money from the company to settle its debts without having to give up too many company shares.
"Boss Bao, won't this make you lose money?" Chen Yuzhou asked Bao with some trepidation.
"Hehe, no, this assessment is based on your company's existing assets, and I think it's perfect!" Abao said with a smile.
“How about this, Mr. Bao? Back then, Chen Yuzhou and I agreed that I would own 65% of the company’s shares, he would own 30%, and Tong Xiaoqi would own 5%. Now, I’m taking 15% of my shares and putting it in your name!” Xu Banxia said to A Bao after thinking for a moment, seemingly having made up her mind.
"Fifteen percent? Mr. Xu, you're going to lose money like that! Are you really willing to do that?" Abao asked with a smile.
"There's no such thing as losing out! I believe in our future!" Xu Banxia said with a firm gaze.
Actually, this was a decision Xu Banxia had no choice but to make. If she really followed Boss Bao's suggestion and bought 5% of the company's shares for 8 million, the company's valuation would be 160 million! But is the company worth that much money now? Obviously not!
So what Mr. Bao is investing in is not the company itself, but the person who manages it!
Xu Banxia was clearly not a short-sighted person. If she accepted Bao Zong's offer today, it would likely cause Tan Zongming, who had already decided to invest, to give up his investment. She might also offend Bao Zong, leaving the two of them with only this one opportunity to cooperate!
Therefore, Xu Banxia took the initiative to give up 10% of the shares. On the one hand, she wanted to give President Bao a good impression, to prove that she, Xu Banxia, was not the kind of person who would stoop to petty people, and to give President Bao enough face, so as to lay the foundation for more opportunities to cooperate in the future.
On the other hand, she wanted to reassure Tan Zongming that cooperating with Xu Banxia would definitely not be a loss for him, and that everyone could make money together, with a win-win situation being the foundation for long-term cooperation.
Just as Xu Banxia had predicted, after listening to Xu Banxia's explanation, Bao Zong nodded in agreement and did not continue to dwell on it. In any case, Bao Zong did not have much of an opinion on whether it was five percent or fifteen percent.
All he wanted was a ticket to the game! The company's main purpose was to secure priority when negotiating with steel companies. As for making money? With current steel prices, making money was a long shot.
After the two reached a verbal agreement, everyone present turned their attention to Tan Zongming, who had remained silent.
"Mr. Tan, how many shares do you want?" Xu Banxia asked proactively.
"Hehe, since Mr. Bao owns 15% of the shares, I will invest 10 million to buy 20% of your company's shares. I wonder what Mr. Xu thinks of my price?" Tan Zongming said with a smile.
"Twenty percent of the shares for ten million, to be honest, that's a bit low, but not by much. How about the three of us sell the shares to you proportionally?" Xu Banxia thought for a moment and offered.
"No problem, but don't worry, the voting rights of my 20% stake are still in your hands, Mr. Xu. Our Shengxuan Group will not interfere with your decisions! Mr. Xu can continue to control the company's development direction!" Tan Zongming remained very composed.
“Then let’s have a pleasant cooperation!” Xu Banxia stood up and extended her right hand to Tan Zongming.
Tan Zongming also reached out and shook hands with Xu Banxia briefly before letting go. Then Xu Banxia shook hands with A Bao, and the two of them shook hands briefly before letting go as well.
"Haha, that's great! You've reached an agreement, so I've accomplished my mission!" Wei Hong stood up, looked at the three of them, and said with a smile.
"Sister Zhao, thank you so much! If I hadn't met you and you hadn't been willing to help me, I wouldn't have had the opportunity to cooperate with President Tan and President Cao!" Xu Banxia bowed deeply to Wei Hong to express her gratitude.
Xu Banxia was very grateful for Wei Hong's selfless help; otherwise, she would have had to bear the enormous pressure and become a deadbeat!
"Let's not talk about those things. Since you've already made up your minds, then find some time to complete the formalities, pay off those debts as soon as possible, and then decide whether to continue sourcing goods from the Black Sea or what!" Wei Hong said.
“Sister, I think we can hold off on paying back the money for now and use it to continue buying goods in the Black Sea!” Tan Zongming said.
“But if we don’t pay back the money, Guo Qidong and his boss Qiu Bizheng won’t let it go!” Xu Banxia said hesitantly.
"How much money do you owe them?" Tan Zongming asked curiously.
“I owe Qiu Bizheng a total of one million, and I agreed to pay him back one million two hundred thousand in a year. I also owe Guo Qidong one million, and I will pay back one million three hundred thousand when the loan is due! That’s a total of two million five hundred thousand!” Xu Banxia said.
"That Qiu Bizheng is Guo Qidong's boss? Then how come you still owe Guo Qidong one million? Are employees all so rich these days?" Tan Zongming asked.
"This Guo Qidong is dishonest. He uses all sorts of methods to poach his boss's employees, which is why he was able to come up with a million!" Xu Banxia said with a disdainful look.
"So, from beginning to end, it was Guo Qidong who kept demanding money from you, while his boss Qiu Bizheng never showed up?"
"I don't know if this was Guo Qidong's personal action or Qiu Bizheng's instigation, but no matter how you look at it, neither of them are easy to get along with. If I had a choice, I really wouldn't want to cooperate with either of them!" Xu Banxia said with some difficulty.
"In that case, let's pay them back! How much time is left until the deadline you agreed on?"
"There are still about six months left. We originally agreed on a one-year term!" Xu Banxia said.
“In that case, let’s give them six months’ interest as agreed. After that, I will lend your company 20 million in the name of Shengxuan Group. That is, in addition to the 10 million I invested, I will lend you another 20 million. Let’s use this 30 million to go to the Black Sea again!” Tan Zongming said after thinking for a moment.
"Xiao Tan, are you trying to stock up on more goods?" Wei Hong asked, somewhat surprised.
“Sister, if it’s just a small-scale operation, 50,000 tons is enough. But if we want to gain more bargaining power, we need at least 100,000 tons of scrap steel to negotiate with those large steel companies!” Tan Zongming said.
"Who do you want to cooperate with?" Chairman Gao suddenly asked.
"I'm from Shanghai, so of course I'll cooperate with Baosteel!" Tan Zongming said with a smile.
"Can we really cooperate with Baosteel? We're so small, how could we possibly catch the eye of such a large steel group?" Xu Banxia hesitated.
"That's why I told you to make another trip! Ten thousand tons of scrap steel, especially this kind of special steel, is of considerable value to Baosteel!" Tan Zongming said confidently.