Reborn 92's Business Tycoon

Chapter 563: A Desperate Move

In the largest private room of Dongcheng Seafood Restaurant, the leaders of various departments of the Jiangbei Sub-branch of the Agricultural Bank, Liu Jizhong, the brother of the chairman of Dongcheng Group, and several employees were mingling and having a lively time.

In particular, the female employees Liu Jizhong called to drink with were all good at the table, telling jokes and drinking.

Bankers are of course not so superficial, but from their point of view, this restaurant with a good cash flow and a floor area of nearly 2,000 square metres is really a high-quality asset.

The credit department has audited the financial statements of this restaurant for the past three years and recent months, and the performance has been outstanding. The average daily turnover is close to 150,000, and the overall restaurant and the internal staff's work ability and cooperation are good. Giving him a credit line of 50 million basically poses no risk.

Moreover, this restaurant, of course, also needs to open an account with the Jiangbei sub-branch, which is equivalent to attracting a high-quality customer.

And this is also what Liu Jizhong is dissatisfied with. The restaurant he is treating today is the only one of his seven restaurants that has not been mortgaged, and it is also the best one. He can only borrow 50 million, which is far from enough to meet his requirements. The threshold in the real estate industry is still relatively high.

'President Zhou,' Liu Jizhong poured a glass of Maotai for the protagonist of the day, 'You all know the situation of my restaurant. Not to mention this building, the daily cash flow of the restaurant is also several hundred thousand.

The location of the project I want to do is also very good, as you all know. We don't even have to wait for the project to succeed, as long as we wait for the pre-sale permit to be issued, the funds will definitely not be a problem. So, President, could you please consider increasing the amount appropriately?'

Before President Zhou could answer, the person next to him spoke up, 'Mr Liu, our bank has a fixed set of rules for calculating loan amounts, and the president and others really can't make the decisions.'

'Yes, Mr Liu, I'm just a supervisor, and we can't intervene in specific matters too much. Besides, if you want to increase the amount, it's simple: just bundle up the mortgages for your other restaurants and give them to us, and that's no problem – at least hundreds of millions,' President Zhou said with a smile.

'That's a bit too radical,' Liu Jizhong said with a smile. 'I've always been conservative in my business dealings. If I hadn't just invested in two scenic spots, I wouldn't even want to use this restaurant as collateral,'

In fact, the real situation was that he owned the property of only two of the seven restaurants, and that one had already been pledged as collateral. The other five had already been mortgaged to other banks through a pledge of rights.

Seeing is believing. When President Zhou went to the bathroom, he followed him. 'President Zhou, come and have a look,'

he said, pulling President Zhou into the small finance room. There were only two people in the room, with two money counters on the table. In a short while, two girls in red uniforms carrying a small suitcase walked in. When they opened it, it was full of hundred-yuan bills.

'How much have you collected today?'

'More than 186,000 yuan,' replied one of the accountants, glancing at the notebook next to him.

'President Zhou, you can see that business has been average today. It's only just after 7 o'clock, and there are still many tables that can be turned over once more. My restaurant has such good business, and this limit is really a bit too low,'

but these people from the bank have never seen anything but money. 'Lao Liu, I really can't help it. Next time, okay, next time I will definitely increase your limit,'

After the bank staff had gone, eating, drinking and taking bribes, the two Liu brothers were too preoccupied with the mess on the table to speak. After a long while, Liu Jishan said, 'Should we give President Zhou another card?'

Liu Jizhong took a hard drag on his cigarette and said, "Give it to him again? If we spoil his appetite too much, what will happen in the future?'

'Boss," he said, taking a sip of tea, 'get ready, I want to pledge the two scenic spots as well,'

'Ah? Jizhong, haven't those two scenic spots already been mortgaged for a loan? How can they be mortgaged again?'

With Liu Jizhong's means, how could the two scenic spots he manages be wholly invested in by himself? He has secured matching loans from the local government.

'Don't worry, we're not going to the bank this time, we're going to private individuals,' Liu Jizhong had already thought of this.

'Private individuals? The interest will be high, will it be cost-effective?'

'Just trust me. How high can the interest rate be? Will it be high enough to compensate for the return? As long as the pre-sale permit is approved, the funding will not be a problem. Okay, you just get ready,'

'Second brother, don't take what I say personally. When other people do business, they have eight jars and seven lids, but we only have two lids. This is not very safe. If there is even the slightest problem with this real estate project, the consequences...' Although he knew that his younger brother would not listen, Liu Jishan still tried to persuade him.

'Don't worry, brother, what problems could there be? I have well-established connections from top to bottom. As long as construction starts as soon as possible and we get the pre-sale permit early, nothing will go wrong. Just think, if this project is a success, our business will be able to move up to the next level. By then, hahaha, you'll see Zhou come knocking on my door begging for a loan!' Liu Jizhong stubbed out the cigarette he was smoking, which was half-finished, in the glass ashtray.

...

Overall, Feng Yiping's acquisition was not very low-key.

When he, Huang Guanfa, and the bank signed the hotel acquisition agreement, it was very low-key, but after the dust had settled, Huang Guanfa organised a press conference, inviting many leaders and old acquaintances, and of course, a lot of reporters.

However, the theme of the conference was not the acquisition, but the cooperation between Guanfu Hotel and Yijia, the first domestic budget hotel chain.

Feng Yiping would never refuse to do anything that would help Yijia become better known, and Huang Guanfa had even insisted that he bear all the costs of the press conference.

Of course, in such a situation, he naturally wouldn't go to the front and make a speech, and Xu Bin did all the talking. He stood offstage, pretending to hold a glass, chatting with Zhang, the deputy director of Dacheng Law Firm.

In fact, the two of them could be considered old acquaintances.

Deputy Director Zhang teased, 'In a few days' time, I'm afraid even if you want to hide backstage, people will still recognise you,'

'That's fine, as long as someone is willing to buy a ticket, I can still stand in one place and let them see me,'

'I'm just surprised that you can talk with such a heavy sense of materialism, yet you can write those novels and lyrics with beautiful words,'

'How can you compare? You charge by the hour when people talk to you,' Feng Yiping replied, "This is my first business in Yangcheng, and Dacheng has so many connections in every aspect. In business, I still have to ask you to take care of it more.'

'No problem, we will definitely help you introduce it vigorously, but I didn't expect that the next time you went to Yangcheng, you would come back in this way," Deputy Director Zhang remembered when they first met, the person who was dressed in an ordinary way, but also very confident and stubborn.

Less than seven years later, he had returned, a successful businessman and a widely acclaimed young scholar.

'Then I'd like to thank you in advance. We'll definitely need legal counsel here, and it will definitely be Dacheng. But, in view of our long-standing relationship and the fact that you exploited me when I was a minor, the terms must be as favourable as possible,' Feng Yiping raised his glass.

'The accusation of exploiting minors has come out,' Director Zhang said with a bitter smile, "you are a writer after all. I will tell our director that you can work for free, okay?'

'Haha, that would be great!'

...

With the Yangcheng incident settled, Feng Yiping of course had to go to the factory in Shenzhen for a tour. Oube Yang whispered to him in the car, "this Mr. Huang, from his conversation, is not very impressive,'

This is a common problem with the first group of people to get rich.

'You haven't seen the other side of it,' Feng Yiping shot back. "Can you sell off your high-quality assets and still be so happy?

Feng Yiping asked himself. He couldn't do it.

Ou Boyang shook his head too. "Unless you've made a lot of money,'

he said. 'Well, that's a reason. The selling price today will definitely be much higher than when Huang Guanfa bought it.

'So do you know why he wants to sell? It's because his son, who is studying in the US, lost tens of millions of yuan in the stock market, and he had no choice but to sell the property, which has been increasing in value year after year. Can you see a hint of dejection in his face?' Feng Yiping asked again.

'Ah, tens of millions of yuan in losses?' Ou Boyang was shocked. 'Then I really can't do it,'

'So don't just look at the fact that he speaks in a rustic way. There is a lot we can learn from them,'