Two months later!
Black Dragon Group headquarters!
Bai Lu said, "Brother Jiang! We have successfully bid on 140 plots of land so far, with the total cost amounting to as high as 65.3 billion. The funds currently in our accounts are no longer enough..."
Even though the market valuation of the Black Dragon Group currently reached as high as 350 billion, and with the blessing of the gaming license, it could even impact the threshold of 500 billion this year, a valuation is ultimately just a valuation. Forking out over 60 billion all at once to auction for land was already the limit. Even this 60 billion plus was scraped together by pulling funds from various major departments, especially the funds reserved for sixty days by the franchisees of the two milk tea departments, as well as the merchant funds of Songjiang Sleepless City, various funds from the entertainment department, and the money from the previously mortgaged two milk tea brands.
Now all of these funds are almost used up!
It can be said that the Black Dragon Group basically cannot pull out much money from its account books: one or two hundred million at most, which is already as scarce as it gets for an entity of the Black Dragon Group's size. Not to mention that Li Hao and the others are still continuing to auction for land all over the country; if they keep spending, negative numbers will appear on the Black Dragon Group's account books, and the funds of various departments will also turn negative.
That means the funds for many departments cannot be disbursed in time!
Under such circumstances, it would lead to operational difficulties for various departments, and the failure to settle payments with suppliers and franchisees in time, which would definitely be a disaster-level existence!
Only at this time did Bai Lu issue a reminder, "Brother Jiang! Should we halt the auction actions of Li Hao and others, and wait until there are funds on our financial statements after some time before auctioning again? Otherwise, if the account shows a negative number and payments cannot be settled in time, a chain reaction is easily triggered."
She also knew Brother Jiang once said at the annual meeting that this year's main focus is on auctioning land, which is why she only reminded him until now. Now it has reached the financial red line of the group; without stepping over the red line, she is confident she can keep the group running smoothly, but once stepping over the red line, everything becomes unpredictable.
Hearing this, Qin Jiang calmly shook his head, "No need to halt! It's only sixty billion!"
Bai Lu said, "..."
Only... sixty billion?
What do you mean by only 60 billion? This is all the money the Black Dragon Group can currently pull out, and a lot of it consists of loans.
Bai Lu sat there and spread her hands: ʅ ( ‾ ⊖ ◝ ) ʃ
"Brother Jiang! There really is no money left... I can't print money out of thin air, anyway if they continue to auction land, I really won't be able to pull out any money..."
Qin Jiang said, "You are the God of Wealth of our Black Dragon Group, yet you say you can't pull out money."
Bai Lu pouted, "The God of Wealth is not easy to be either!"
If outsiders were to see this scene, their jaws would definitely drop. The dignified head of finance of the Black Dragon Group and legendary peerless career woman would actually put on such a girlish posture. How could they know that this scene could only be seen by Qin Jiang; in front of outsiders, she was Sister Lu.
In front of Qin Jiang, she was Bai Lu!
Spiritual Lu!
As long as Brother Jiang liked it, she could be anything!
Qin Jiang said, "No! You do!"
Bai Lu said, "Ah... Where is the money..."
Qin Jiang said, "The Black Dragon Group is money!"
Bai Lu said, "What do you mean!"
Zhu Zheng said, "Brother Jiang means that the Black Dragon Group can continue to be mortgaged..."
Bai Lu said, "Still mortgage it! Didn't we already mortgage the two milk tea brands?"
Zhu Zheng said, "That was the price of the past! Those two milk tea brands have continuously expanded their stores to break through five thousand, what is the little bit of money they borrowed before? It's nothing at all..."
"They want to add more!!!"
Qin Jiang said, "Then where is the bank you made an appointment with..."
Zhu Zheng said, "Right away!"
Just as they were speaking.
A report from the Black Dragon Personnel came from outside, "Brother Jiang! People from the bank have arrived!"
Zhu Zheng said, "Let them in!"
Bai Lu said, "..."
A moment later!
Several bank Executives walked in with smiles all over their faces:
"Hello, Chairman Qin, Chairman Zhu! General Manager Bai is here too!"
"Chairman Qin and Chairman Zhu are still looking so radiant..."
"General Manager Bai has also become even more beautiful..."
...
They first praised Qin Jiang and Zhu Zheng, and even spared no praise for Bai Lu with utmost admiration. Even without considering Bai Lu's father, her position within the Black Dragon Group alone was worthy of their respect. To them, the head of finance of a multi-hundred-billion group was also the God of Wealth.
Immediately after.
Bank Executive A took out a box, "This is specially supplied Wuyi Mountain Dahongpao, specially ordered by our president to be brought to you, hoping Chairman Qin will taste and appreciate it!"
Other Executives: "..."
Damn it!
Didn't we agree nicely when we came that no one would give gifts? What is the meaning of you pulling this out?
Just you showing off, huh!
Subsequently, the other two bank Executives also took out small boxes:
"This is what our headquarters asked us to bring ***"
"This is what our headquarters asked us to bring ***"
...
Executive A: "..."
Fuck!
Why were you giving me the cold eye just a moment ago, yet didn't both of you pull yours out too? Truly the pot calling the kettle black.
...
Zhu Zheng said, "Sit!"
The three Executives sat down calmly like that.
Silence!
A long silence!
For a moment, the air became rather oppressive. The three Executives only felt a heavy and somewhat nervous heart; the Black Dragon Group suddenly calling them over probably meant something was up. What they feared most was the Black Dragon Group wanting to repay the loan in advance, which would definitely be a huge loss for the bank.
High-quality customers like the Black Dragon Group are not easy to find!
Executive A took the lead to say, "Is there anything Chairman Qin brought us here for? Feel free to speak your mind! We are all our own people, just say whatever you need our help with..."
Zhu Zheng said, "Calling you here this time indeed requires your help."
All three of them breathed a sigh of relief.
Phew...
Wanting their help? Good, good! Fortunately, it wasn't about repaying the loan in advance!
Executive A said, "Chairman Zhu, please speak freely!"
Executive B said, "We are duty-bound for anything we can help with."
Executive C said, "We guarantee to help with what we can do, and we will strive to help with what we can't do; anyway, we will help!"
Zhu Zheng said, "Haha... Rest assured! This favor of ours happens to match your professional expertise! We want to continue taking out loans!"
What?
The expressions of the three Executives changed slightly:
Not shock!
But surprise and delight!
Loans!
The Black Dragon Group was actually not asking for early repayment but wanting to continue taking out loans. How was this asking for their help? This was simply actively delivering monstrous performance to them!
What do banks rely on to make money?
Do they rely on deposits from depositors?
No! What banks truly make money on are loans! According to the current market condition, the average annual interest rate for loans can reach around 8 to 10 percent, while according to the current market condition, the savings deposit interest rate they give to customers is around 3 to 5 percent.
That is to say:
One in and one out is a profit margin of five points!
And to have this profit, the most important thing is to lend the money out, and lend it to high-quality customers.
In the North!
Is there any customer of higher quality than the Black Dragon Group?
And can the amount of money the Black Dragon Group borrows be a small number? Whoever successfully negotiates with this major client, the Black Dragon Group, will definitely make a fortune.
Executive A said, "What kind of help is this! This is Chairman Qin and Chairman Zhu taking care of our business!"
Executive B said, "Exactly! We are duty-bound!"
Executive C said, "Chairman Qin, name a number!"
But the next moment, the smiles on their faces froze.
Then they saw.
Qin Jiang calmly said,
"One hundred... billion!"