When he bought that batch of Thailand goods, his family's savings were insufficient, so he borrowed about 500,000 HKD from HSBC through Xia Zuoji. Although he wasn't in a hurry to repay the bank, he didn't inform his Xia Zuoji. He originally planned to sell the goods to Song Tianyao in a few days to make up the difference, but just as he was about to receive one million Hong Kong dollars, an unexpected problem arose.
Xia Harry thought that even if he couldn't get the full amount today, he should at least get a portion to temporarily cover the 500,000 loan. Even if he couldn't cover it all, he could at least deposit 300,000 to 400,000 to put his mind at ease. He could delay the remaining amount, and his brother wouldn't blame him. Besides, he would send Thailand goods to ten factories tomorrow, and after settling the payments, he would pay back the remaining 100,000 to 200,000. This way, once the payments for both deals were settled, not only would there be no problem with the loan, but after deducting costs, he could easily earn 500,000 to 600,000 Hong Kong dollars from both deals.
"How much do you want to pay upfront?" Lou Fengyun thought for a moment, then asked without refusing.
Xia Harry held up five fingers. "Five hundred thousand. Half upfront, the other half after the quarantine is over."
"Impossible. The contract needs to be revised. I can only pay 200,000 upfront, and if there are any problems with the goods and they get handled by Customs, even that 200,000 will have to be refunded to me." Lou Fengyun said to Xia Harry, "Mr. Song, if you weren't trying to use this batch of goods to control ten factories, I wouldn't have paid you 200,000 upfront. Think it through, and we'll go to the law firm to revise the contract."
Xia Harry wasn't worried about Song Tianyao defaulting on the Hong Kong dollars 200,000 payment; Hong Kong has laws, after all. However, he was somewhat unwilling to accept only HK$200,000. After thinking it over, he decided it was better to agree. He couldn't force Song Tianyao to refuse to accept the goods. The ten factories were all urging him to supply the goods. If he delayed any longer, the news that he had a total of 400,000 Braids might leak out.
Thanks to his purchase of a batch of Thailand goods, otherwise, with the repeated inspections by Customs and the Medical and Health Department, he might have been delayed until the deadline for supplying goods to the ten factories, resulting in a unilateral breach of contract. Now that Customs has seized the goods, he can calmly supply them to the ten factories.
Once the contract is signed, even if Song Tianyao knows that he will continue to supply goods to ten factories, he can only pay the remaining balance to me.
Things could change in the long run, so let's sign the contract and get the money from Song Tianyao first.
Thinking this, Xia Harry nodded. "Okay, Hong Kong dollars 200,000 is fine too. We India value friendship the most. We have a good relationship with Mr. Song, so we'll sell this batch of goods to Mr. Song. We hope we can remain good friends in the future. Mr. Song is our best partner."
Chapter 290 Taking Action
Previously, Tang Boqi was always the one to handle dealings with India. However, after the establishment of the Wig Manufacturing Industry Association, Tang Wenbao naturally took over this task from Tang Boqi by using the excuse that the association should communicate with suppliers on his behalf.
So after learning that Song Tianyao had seized raw materials from ten factories, Tang Wenbao and the other factory owners immediately packed up the raw material supply contracts they had previously signed with the India, ready to question the India guy about where they got the courage to sell their raw materials to Song Tianyao without worrying about breaching the contract.
"Boss Xia," Tang Wenbao, summoning Xia Harry, the owner of one of the other nine wig factories, to Enyun Restaurant for a meeting as if conducting a joint interrogation. "We received information that yesterday you sold the raw materials that were supposed to be supplied to our factories from India to Song Tianyao at a high price. After signing the contract, Song Tianyao immediately went on to boast that he had us in his grasp and was now waiting for us to come to him begging for help."
Xia Harry smiled as he looked at Tang Wenbao and the others who were staring at him aggressively, and readily admitted, "That's right, that's exactly what I told Mr. Song, and I did sell him a batch of goods. As you all know, Mr. Song is buying raw materials at high prices outside, five yuan a Braid, which has spurred many people to go to Southeast Asia or India to find Braids. This kind of willful and market-disrupting behavior is not good for any of us."
"It's not good for us, but it might not be for you." Since becoming the Wig Manufacturing Industry Association Chairman, Tang Wenbao had been trying to emulate the manners of those wealthy Chinese business owners. He had traded his previous suits for Tang suits, and now he carried a purple clay teapot and a string of prayer beads. At this moment, he put on airs and said to Xia Harry with a half-smile, "But right now, I don't care about the goods you sell to Song Tianyao. I only care about the raw materials for the ten factories. What are you planning to do? Cut ties with us from now on? Only supply Song Tianyao's factories?"
Xia Harry shook his head. "No, no, Mr. Tang... Chairman Tang, what we want is a long-term business, not to cooperate with Song Tianyao to inflate prices and make a quick buck, only to lose customers like you. I did sell him a batch of goods, but those goods were Thailand products that I specially purchased, and I sold them all to Song Tianyao for five yuan each."
"You mean...?" Tang Wenbao was taken aback. "You had two batches of goods on hand before?"
"From the moment I heard that Mr. Song was offering a high price for the purchase, without causing any shortages in the factories, I allocated a batch of raw materials and sold them to Mr. Song at a high price. It doesn't seem like I'm breaking any contract, right? Since Mr. Song wants to buy at a high price, I can also make a profit, so why not?" Xia Harry shrugged at Tang Wenbao: "Helping others is helping yourself."
This made Tang Wenbao and the others take a closer look at Xia Harry. The India opposite them was very cunning; he actually had two batches of goods in his hands. They had already heard that Song Tianyao had prepared one million Hong Kong dollars in cash for that batch of goods yesterday.
"Nothing else matters. Since you still have our goods, where are they now?" Luo Jiabao had no goodwill towards the India. He glanced down at his watch and asked Xia Harry directly.
Xia Harry took out the contract from his briefcase and said, "The trucks are already delivering the goods to your factories one by one. By the time you return from the restaurant to your factories, you should have already seen the goods in the warehouse. Since you are all here, why not take this opportunity to settle the payment for this batch of goods?"
"Besides asking us about raw materials, Mr. Xia, there's something else we want to tell you. Because Song Tianyao has violated the rules of the wig industry by driving up raw material prices and engaging in malicious competition with his peers, the association has unanimously decided that if you want to continue supplying the ten factories, you can no longer supply Song Tianyao. This will be included in our newly signed contract." Tang Wenbao exchanged glances with the others and continued speaking to Xia Harry.