All operating funds were borrowed from local companies. For more than a year, Hu Jinyu's men used various means to take away almost all the money Hu Jinyu invested in this project.
Now the entire ammonia synthesis project is an empty shell.
Although this project is very profitable, the bank loan interest here is also very high, which is surprisingly high. Fortunately, now that prices are starting to soar, Hu Jinyu has helped himself to protect his capital by doing so, and has successfully gained profits for several years. This shows that the other party's traders are very good.
After Ji Donglai praised the other party's skillful technique, there was a strange look in his eyes.
"Sister Hu, do you think there is something going on within Tianxiang? Their main business is coal. One thing is that the Jinmei Group has been expanding wildly in the past few years, but they can't survive this economic crisis."
"The price of steel has dropped to the freezing point, basically reaching more than 2,000 yuan. Jinmei Group, a state-owned enterprise, can't stand it. Tianxiang's scale is much larger than Jinmei Group. Do you think they will appear now?" serious problem?"
"Otherwise, if such a large group company wants to continue investing abroad and has not yet made additional investments, it will not frequently withdraw funds from its subsidiaries, don't you think?"
Thinking of the plight of Jinmei Group, Ji Donglai immediately thought of Tianxiang.
The other party's strength in the coal field far exceeds that of the Jinmei Group. Not to mention, the coke supplied by the other party has been the gold medal supplier of Baowu Group in recent years.
"Haha, I can't hide anything from you, Mr. Ji. You might like this information!"
Looking at Ji Donglai, she suddenly thought of Tianxiang's internal affairs. Hu Xinyu was very excited, even happier than she was with the funds to relieve Ji Donglai. After all, the boss could always think ahead of her, which meant that she was not following the wrong person.
Since Hu Xinyu officially took charge of the One Yuan Manufacturing Uzbek project in 2007, she has already discovered the problem of Uzbek currency depreciation, so she cleverly raised the company's profits and dividends, and then began to borrow money from banks here for all investments.
Not a dollar loan, but a som loan.
Because Ji Donglai had a large number of high-quality assets as collateral, banks were eager to provide one-yuan loans. From two thousand som to six yuan, it has now grown to five to six thousand som to six yuan. This expansion is so fast that you can’t even hold up your pants to keep up.
It is precisely because of Hu Xinyu's management that Ji Donglai will have a steady stream of funds this time to stock up on steel products and export products from the country, and there will also be a large surplus in his account.
Facts have proved that Ji Donglai's judgment this time was very accurate.
Now Tianxiang is in crisis. The other party's stall is too big, and almost half of the group's assets are piled on coal.
This decline in coal prices is strictly speaking a collapse, and Tianxiang's assets have shrunk severely.
Another thing that Tianxiang didn't expect the most was that domestic environmental inspections could be so intensive. In 2009, 2,183 environmentally illegal enterprises were investigated and punished across the country, 231 were banned and closed, and 641 were suspended for rectification.
Several of them are subsidiaries of Tianxiang. The country has been arguing about the coal-to-gas switch for a long time, and Tianxiang is also a company that is being cared for.
In fact, a company of Tianxiang's size has already received the relevant documents, but the other party just took into account its own size and was not a bird at all.
Now we have finally suffered, as environmental inspection teams from several companies have entered.
Tianxiang is a listed company. With the release of the documents and the entry of the environmental protection inspection team, Tianxiang's stock price has been cut in half. It can be said that the house is leaking and it is raining all night. Hu Jinyu is now sitting on the crater of the volcano and is in a difficult situation.
"There is news that the core technical staff in Uzbekistan have not received subsidies for six months in a row. When we were cleared, I sent several people to resign from us and directly joined the ammonia project team. The current news is not It would be wrong.”
"There are several core technicians who were not originally members of the coal chemical ammonia synthesis team, but were sent to the desert of Uzbekistan because they could not flatter others. These people are preparing to leave. Mr. Ji, I am looking for you this time. I mean we are It’s not about poaching these people.”
"Our ammonia synthesis project in Dalian is also a petroleum refining project. In this case, we need real technical masters to serve us. These people have been practicing in Tianxiang for decades. If they enter our company, they may be useful to us. Accelerating the development of enterprises can play an important role."
"In your words, the development of an enterprise is ultimately a competition for core talents. As long as whoever captures this group of people will be able to achieve rapid development. After all, these experts are all Chinese, so communication is not difficult."
When Hu Xinyu spoke, the smile never broke in her eyes. Ji Donglai raised his head, stretched out his hand and nodded.
"Let's arrange a meeting. What treatment do they want?"
Knowing that Hu Xinyu had almost settled the matter when she came to find him, Ji Donglai knew that he had found the right person.
Hu Xinyu took an employment contract over there, and Ji Donglai just glanced at the contents.
The salary demanded by several people is indeed not low. The annual salary for the total project is up to 3 million. Thirteenth salary at the end of the year, with a car.
The remaining people have an annual salary of about 500,000 yuan, and 13 yuan at the end of the year. In the later stages of project construction, the other party requires opportunities for further study, which is not a high salary in Ji Donglai's one-yuan manufacturing.
As for training, it is no problem for Ji Donglai. The R&D center is now under the auspices of Gan Ping, and with the addition of high-tech talents hired from Europe, the growth of these people will not be delayed at all.
"Add a sentence to these people's contracts: annual salary after tax! We are not short of money for one dollar of production, as long as they can afford it for me!"
As a CEO who started out as a technical talent, Ji Donglai is half an engineer.
If you don’t know much about finance, you just need someone who knows better than you.
Hu Xinyu didn't expect Ji Donglai to be so generous. She did some research and found that if this was the case, Ji Donglai would be paid tens of millions more in salary every year, but it didn't look like Ji Donglai's intentions were fake.
"President Ji, should we set a salary cap? If this continues, our salary will be in chaos. It will be better if we increase it little by little. What do you think?"
As a financial manager, Hu Xinyu had her own considerations. Ji Dong came to smack it and understood instantly what the other person meant. After all, the offer was too high at once, and it would not be able to account for his salary in the future.
"good!"
After signing the document given by the other party, Ji Donglai met with a group of Yao Qingsheng at the Bukhara Hotel under Hu Xinyu's arrangement. In the huge private room, Yao Qingsheng sat to the left of Ji Donglai, and to the right was the company's Legal Affairs and Hu Xinyu several people.
(End of chapter)
