Becoming Rich with Daily Scavenging APP

Chapter 293: Should We Seek Financing


"Alright, I'll delete that friend later."

After hearing Zhang Yuling's explanation, Chen Yiyang understood the kind of person Zhao Rui was.

Thus, he casually deleted the friend he'd added at the dinner table earlier.

As for Zhang Chun, who's already fallen into the deception trap, Chen Yiyang could only wish him good luck.

Because as an outsider, he wasn't familiar with Zhang Chun.

If he were to tell Zhang Chun what Zhang Yuling said, Zhang Chun might think Chen Yiyang was trying to sow discord and prevent him from making big money.

"By the way," Chen Yiyang remembered the matter entrusted by Tula City's officials, asking Zhang Yuling if she could help resolve it.

"I actually know someone," Zhang Yuling thought for a moment, said, "A trader from Qilu Province recently approached me, asking if I could find a supplier for rapeseed oil, which is currently in shortage domestically.

I'll call him tomorrow to let him go to Tula City for inspection. If suitable, those candies can actually be bundled and sold together."

"Okay, thanks for your help. As for the fees, you can send the bill to my assistant at the usual rate."

"You're being too formal. I haven't even thanked you for the last time you helped me."

"Then how do you want to thank me?" Chen Yiyang, having drunk a little red wine, felt his skin slightly warm.

Outside the floor-to-ceiling window, moonlight blanketed the earth.

Inside the room, Zhang Yuling's coat suddenly fell to the ground.

Underneath was a burgundy silk nightgown, clinging tightly to Zhang Yuling's figure, accentuating those graceful curves.

Zhang Yuling sipped some red wine and then slowly bent over.

The next morning, after waking up, Chen Yiyang summarized the experience while eating breakfast.

Russian girls are like knife fighters, wielding the blade swiftly and accurately, every strike aimed at the kidneys.

After sparring with Russian girls, the kidney area feels almost nonexistent, an empty void.

Local girls are like sword fighters, wielding a long sword swiftly and elegantly, progressing meticulously inch by inch.

So after sparring with local girls, although it doesn't show immediately, the aftereffect is astonishingly strong.

Chen Yiyang had just sparred with foreign knife fighters, where most of his kidney was already gone.

Then, upon returning home, he was unwittingly ambushed by a top local sword fighter, scraping away the little residue that remained.

The result was that Chen Yiyang was utterly exhausted, not wanting to go anywhere, just wanting to stay in the hotel to recuperate.

"How about we buy a villa in the Imperial Capital?" Chen Yiyang suddenly turned to ask his accountant, lying on the hotel balcony rocking chair.

He felt that always staying in a hotel was indeed inconvenient.

"There's hardly any money left in the company accounts now," replied the accountant, counting on her fingers.

"If you're buying property here, you can't just randomly buy an apartment.

It has to be a villa with a garden or a courtyard house.

Just the purchase price alone would be close to tens of millions, not to mention the subsequent renovations; without a hundred million cash in hand, don't even think about it."

What the accountant said was true.

Given the current growth trajectory, if buying property for long-term residence, spending less than a hundred million is definitely not worthwhile, and you'll have to move out later.

Yet, buying a hundred-million property, he does have the cash, but that cash is earmarked for initial investments in factories in Sao Paulo and Tula City and can't be used for personal spending.

Of course, if Chen Yiyang is willing to sell some of the antiques in his collection room, he could possibly auction off the most precious ones.

He'd have enough money to buy two houses.

But Chen Yiyang doesn't want to sell. Once sold, buying them back isn't just about spending money.

At that moment, Liu Xiaoyue called him on video to report the latest progress at Yiyang Automobile.

"For the factory in Sao Paulo City, half of the preparatory team we've sent over is already there. The factory in Tula City is still in the planning stage, but quite a few people have been sent for field survey.

Currently, the company's cash is running low. I've consulted the opinions of the other three shareholders; Lin'an Science and Technology Innovation expressed that if you increase capital, they will also follow suit.

However, Aiya and Fei Peng's opinion is that they hope to expand financing and bring in more investment institutions."

Although Chen Yiyang has absolute say in Yiyang Automobile, there are still three other shareholders.

Those are Lin'an Science and Technology Innovation based in Lin'an City, Fei Peng Automobile, and Aiya Electric Vehicle.

Lin'an Science and Technology Innovation is a state-owned enterprise, holding a small share.

If Chen Yiyang increases the capital investment, they're willing to continue investing.

But Fei Peng and Aiya are both short on cash flow.

So their opinion is to hope for company financing, bringing in more investors rather than having existing shareholders continue pouring in money.

"What do you think?" Chen Yiyang asked Liu Xiaoyue.

"I also think continuing with financing would be better," Liu Xiaoyue replied.

"Although Yiyang Automobile was only established recently, acquiring two foreign car factories in succession has already pushed Yiyang Automobile to its limit.

If any changes occur in the future, Yiyang Automobile's financial chain might break.

Moreover, as Yiyang Automobile is currently in a rapid development phase, introducing other investment institutions can not only facilitate negotiations but also provide substantial cash flow for future R&D and reserves."

For a company, there are two periods when introducing new investors and expanding financing is necessary.

One is during difficult times, needing new investors to boost cash flow and expand channels to get the company out of trouble.

The other is during rapid growth.

In fact, financing during rapid growth is the best.

On one hand, because the company is growing rapidly, it has the confidence to negotiate better investment terms and methods.

On the other hand, having substantial cash flow during rapid growth allows the company to prepare for the future, preventing sudden cash shortages due to various changes after the rapid growth ends.

By then, attempting to finance means anyone and everyone will demand harsh terms.

Liu Xiaoyue's words reminded Chen Yiyang.

Yiyang Automobile isn't just his; what's the point of him hustling to raise money to pour into it?

"How about this, I'll convene a board meeting when I return to Lin'an to discuss financing.

At that time, I'll increase capital according to my current share ratio to ensure my shares remain unchanged.

If other shareholders don't wish to continue increasing their capital, their shares will be diluted."

Chen Yiyang decided to introduce more investors for Yiyang Automobile.

This way, when he invests money to increase capital, his shares won't change, but other shareholders will have their shares diluted, aiding his future control of the company.

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