Zhao Chen didn't keep everyone waiting for too long and said with confidence:
"We are well aware of the debts of Director Li and Haoyu. Since it is an acquisition, of course we will bear all the debts.
This can be written into the agreement and have legal effect."
He paused:
"As for funding--"
He looked at Director Zhou from the Financial Supervisory Authority:
"You should be very clear about the current financial situation of Director Zhou, Henglong."
Director Zhou nodded:
"Clear. The debt ratio is 43%, and there are more than 3 billion in cash on hand.
In the entire industry, Henglong is the healthiest group."
Zhao Chen said:
"That's easy to handle. We use 3 billion to leverage a company with 4.5 billion liabilities and 5.5 billion worth of assets. We can handle this leverage."
Director Zhou looked at him:
"Chairman Zhao, your funds are indeed fine. But what I want to ask is - what are your specific funding arrangements?"
Zhao Chen is waiting for this sentence.
He leaned forward slightly:
"Director Zhou is a good question. We plan to take several steps."
"The first step is to inject 500 million yuan to start the suspended projects, pay off the key debts, and lift the seizure of Court."
"The second step is to wait for the project to receive payment before investing follow-up funds. If you are optimistic, another 200 to 300 million yuan will be enough."
"Step three--"
He paused and looked at Director Zhou:
"We need the cooperation of banks."
Director Zhou brow moves slightly:
"How to say?"
Zhao Chen said:
"Haoyu's original loans had high interest rates and short terms.
After we take over, we hope to do a debt swap - replace the high-interest, short-term old loans with new, low-interest, long-term loans."
He looked at Vice Mayor Zhou:
"Mayor Zhou, you have also seen the financial status of Henglong.
We guarantee that the loan is almost risk-free.
If we can get a low-interest policy, we can save a lot of money.
The money saved can be invested in projects to make the plate more stable."
Vice Mayor Zhou was silent for a few seconds.
Then he looked at Director Zhou:
"Old Zhou, what do you think?"
Director Zhou thought for a while:
"Henglong's qualifications are indeed good. If they guarantee it, the bank's willingness to lend should be very high. As for the low-interest policy..."
He looked at Zhao Chen:
"Chairman Zhao, how low do you want it to be?"
Zhao Chen said:
"It is about 10% lower than the benchmark interest rate."
Director Zhou smiled:
"Not a small appetite."
Zhao Chen also laughed:
"Director Zhou, when we help the government solve a multi-billion dollar mess, we have to give you some sweeteners, right?"
Director Zhou looked at Vice Mayor Zhou.
Vice Mayor Zhou pondered for a moment, then nodded:
"This condition can be negotiated."
He looked at Zhao Chen:
"Chairman Zhao, as long as you can revitalize Haoyu, start those projects, pay workers' wages, and hand over the pre-sold houses to the owners
--I will coordinate the low-interest loans."
Zhao Chen stood up:
"Thank you, Mayor Zhou."
Vice Mayor Zhou waved his hand:
"Don't thank too early. Only when things are done are you truly grateful."
He looked at Deputy Director Li:
"Lao Li, please pay close attention to the upcoming negotiations. If you have any questions, please come to me at any time."
Deputy Director Li nodded:
"Understood."
Vice Mayor Zhou stood up, walked to Zhao Chen, and stretched out his hand:
"Xiao Zhao! Is it okay if I call you that?"
"Of course, it's my honor!" Zhao Chen quickly stood up and stretched out his hand.
"You are the youngest and most promising young talent I have ever seen. I hope Henglong can set a benchmark for Haoyu."
Zhao Chen holds his hand:
"We have done our best not to disgrace your expectations."
Vice Mayor Zhou smiled, turned and left.
The atmosphere in Meeting Room suddenly relaxed.
Deputy Director Li came over, smiled and patted Zhao Chen on the shoulder:
"Chairman Zhao, Mayor Zhou personally came forward, and this matter is almost certain."
Zhao Chen nodded:
"Thank you Director Li for your help."
Deputy Director Li waved his hand:
"Don't thank me. It's you who have the strength."
He paused:
"Let's talk about the next thing slowly. First set the framework of the agreement, and then go through the procedures."
Zhao Chen said:
"Okay."
At 11 o'clock in the morning, Zhao Chen and Shen Jue finally walked out of Meeting Room.
Chen Jianye and his wife are still sitting in the waiting area.
He saw Zhao Chen coming out, stood up, opened his mouth, and wanted to say something.
But Zhao Chen spoke first:
"Mr. Chen, go in. They called you."
Chen Jianye was stunned for a moment, then nodded:
"Thank you."
He supported his wife and slowly walked towards Meeting Room.
Zhao Chen looked at his back and suddenly said:
"Mr. Chen."
Chen Jianye Look back.
Zhao Chen said:
"Chen Wei, I will take good care of her."
Chen Jianye's eye sockets were slightly red.
He opened his mouth and finally said only one sentence:
"Thank you."
Then he opened the door and walked in.
Meeting Room's door closed behind him.
The corridor became quiet.
Shen Jue stood next to Zhao Chen, looked at the door, and suddenly sighed:
"Chen Jianye was also a figure back then. When Haoyu was at his most prosperous, he had more than a dozen projects in his hands. In our city, he was ranked among the top."
She paused:
"Just because the cash flow was cut off, I almost lost everything."
Zhao Chen nodded:
"In a high-debt industry, cash flow is the lifeline."
He looked out the window:
"Banks will only add icing on the cake, but will not provide help when the time is right. You are prosperous today, and they are chasing you to lend money.
Tomorrow if there is any slight disturbance, they will be the first to take out the loan."
Shen Jue thoughtfully:
"Is that why you are determined to reduce your debt?"
Zhao Chen said:
"Yes. You know best what Henglong was like before.
The debt ratio is high, cash flow is tight, and it is on the verge of collapse at the slightest sign of trouble.
When I, Father Zhao Jianguo, was here, how many times did I almost die from bank loan withdrawals?"
Shen Jue was silent for two seconds.
Then she said:
"You are right. In this world, companies go bankrupt every year due to cash flow shortages.
Some of them are still big companies, and they look like they are prosperous, but they will fail at their word."
She looked at Zhao Chen:
"Only when it actually happens, will everyone know the necessity of reducing debt. But by the time it happens, it will be too late."
Zhao Chen nodded.
Shen Jue continued:
"Henglong is taking the right path now. It has billions of cash on hand and the debt ratio is the lowest in the industry.
You can eat whoever you want, and how you want."
She looked at Zhao Chen with a hint of seriousness in her eyes:
"This is your credit. No one can erase it."
Zhao Chen shook his head:
"It's not my fault alone."
Shen Jue laughed:
"Okay, don't be humble in front of me."
She patted Zhao Chen on the shoulder:
"Let's go back and wait for news."
The two walked to the elevator side by side.
The elevator door opens.
Before Zhao Chen walked in, he looked back at the closed Meeting Room door.
Chen Jianye is inside.
Chen Hao I don't know where it is.
And he stood here, waiting for the next move.
Destiny is really interesting sometimes.
The elevator door closes.
Shen Jue looked at the reflection of the two people on the elevator door and suddenly said:
"By the way, how do you think Secondary Market will react?"
Zhao Chen said:
"It's hard to say, after all, the debt ratio has increased. But -"
He paused:
"The scale of assets has also increased, and since it is an established bank, the market will most likely not be pessimistic."
Shen Jue nodded:
"I also think so. The market will eventually reward people with high cognition."
The elevator reached the first floor.
The door opens.
Sunlight shines in from the glass curtain wall in the lobby, illuminating the entire space.
Zhao Chen walked out, stood on the steps, and took a deep breath.
Debt swap.
Low interest loans.
Bank cooperation.
Government support.
This round, I won again.
He took out his mobile phone and sent a message to Chen Wei:
"Meeting over. Everything went well."
Three seconds later, Chen Wei replied:
"Thank you Chairman Zhao."
Zhao Chen looked at those words and raised the corners of his mouth slightly.
Next, let's see how Chen Wei performs.
Shen Jue stood next to him, looked at his profile, and suddenly said:
"Zhao Chen."
Zhao Chen turned his head.
Shen Jue smiled:
"Secondary Market will definitely recognize you. The stock price is the best proof. I believe that Henglong will hit a new high."
Zhao Chen was stunned for a moment, and then smiled:
"I'm looking forward to it too."
The two of them got into the car separately.
The car drove into traffic and disappeared at the end of the city.