Reborn as an oil tycoon

Chapter 497 Others' Homes Are Others' Homes, My Homes Are My Homes

After reporting on the work of each branch of Guanglun Group, Liu Shang looked at Pan Hong, the chief financial officer.

"Mr. Pan, what is the current financial situation of the Guanglun Group?"

Pan Hong nodded, and reported the financial situation of the Guanglun Group very simply and skillfully.

"Mr. Liu, our entire group is currently in debt of about 1300 billion, and with the rapid land acquisition and expansion of Guanglun Real Estate, as well as the continuous blood transfusion of Guanglun second-hand cars."

"Our debt continues to rise."

"However, with the very effective sales of Wind City Time-Space Garden and the continuous and stable revenue of Guanglun Petroleum, the risks we face are still controllable..."

Hearing this series of data, Liu Shang nodded.

"Mr. Lu, Mr. Pan, both of you, please worry about it."

"Next I need you to raise a billion dollars in movable capital."

"The next strategic adjustment for Guanglun Group is to carry out overseas mergers and acquisitions."

"I plan to acquire an overseas company with advanced and mature oil technology to improve our overall technical level and capabilities of Guanglun Petroleum."

Hearing Liu Shang's words, everyone present frowned.

Pan Hong: "Mr. Liu, with our current financial situation, if we withdraw one billion US dollars at once, the impact will be very large."

"At that time, our capital chain and the risks we face will be very large."

"Think in the worst direction, once there is something wrong with the policy or the economic situation."

"We are very likely to face the risk of breaking the capital chain or even collapsing."

"From my point of view, I strongly recommend you to think twice!"

Lu Liming, "Mr. Liu, why don't we study this matter later, or let Mr. Pan and his team do a risk assessment first?"

"I also think that there are still many things to consider in overseas mergers and acquisitions."

"Moreover, judging from our company's current debt ratio, the debt repayment pressure every quarter is not small."

"Our Guanglun Real Estate has always been pursuing a very aggressive strategy of land acquisition, loans, and land acquisition."

"If possible, wouldn't it be better to use these funds to ease the pressure in this regard?"

At this time, Yang Jichao persuaded from another angle, "Mr. Liu, although the revenue of Slim Oil is very stable."

"The annual profit exceeds 60 billion."

"However, from a professional management perspective, there is not much room for Slim Petroleum to rise further."

"And the profit margin cannot be compared with Guanglun Real Estate."

"So I think, is it better to concentrate the main force and fully develop and expand the real estate field?"

"Also, a lot of people probably don't understand it, including me."

"Since you have identified such a good opportunity and opportunity in the real estate industry."

"Mr. Liu, why do you insist that a city can only have one Guanglun Square and one Guanglun Garden?"

"It really feels like running out of Baoshan with a spare pocket."

Hearing his words, many people present could not help but nod.

Now after the popularity of the Wind City Space-Time Garden, everyone is really jealous.

At this time, Liu Shang sighed lightly.

"Since everyone has some doubts, I will take this opportunity to share my thoughts and the future positioning of Guanglun Real Estate and Guanglun Petroleum."

"In the 90s, Japan's real estate bubble and economic collapse, I think everyone is familiar with it."

"The real estate industry, apart from creating vanity economic bubbles and emptying the pockets of ordinary people, has no real significance to the national economy and lifeline."

"So from the very beginning, our Guanglun Real Estate was not purely for making money, for profiteering."

"Now, the country has launched the current economic stimulus plan."

"As a result, a lot of money has flowed into real estate, mining and other fields that make quick money."

"The real estate industry continues to rise. This is the general trend, and we can't change anything."

"However, as I said, we will not take the blame for ordinary people's wallets if it harms the public."

"Sunlight Plaza pursues brand image and influence."

"Light Wheel Garden creates low-density, high-quality residences."

"What we are dealing with is middle and high-income earners, and has nothing to do with ordinary people."

"As for Guanglun Petroleum, this is the real economy and the lifeline industry of the country that is truly beneficial to the country, society, and the people."

"What I want to pursue, to put it mildly, is to turn it into a century-old enterprise."

"A big company that can compete with those big oil service companies in the world."

"Even if our group of people is old and retired, there will be a new generation of people who will lead the company to grow."

"On a larger scale, our advanced and developed petroleum technology will directly change the actual recovery rate status of domestic oil fields."

"Once the extraction of crude oil from our domestic oilfields becomes easier, the cost decreases, and the demand for foreign crude oil weakens, this will have some important political and economic impact on the country."

"So, right now, while we have money in hand, the foreign financial crisis has not completely subsided."

"I have to concentrate my efforts to acquire a foreign oil service company with mature and advanced technology."

"At that time, our Slim Oil will be greatly improved in terms of technology, and we will truly have the basis to compete with world-class oil services."

Speaking of this, Liu Shang also sighed, "I may have said some things to Mr. Lu and some people many times."

"I really don't have much desire for money, power and fame."

"Of course, I'm not as great as you think."

"I just did what an ordinary person thought I should do."

"Of course, the concerns and reminders of Mr. Pan, Mr. Lu, and Mr. Yang before are very reasonable."

"So we have to be more careful and careful about every detail."

"As for the capital chain issue that everyone is worried about, I don't think there is such a need to worry about it."

"The current rapid expansion of the domestic real estate industry will bring dividends that must outperform loan interest."

"Also, isn't the light wheel square at the fourth and fifth rings of the imperial capital about to be completed?"

……

On the other side, in a high-end teahouse in the imperial capital, Lu Bin was called out by a wealthy young man in the circle to drink tea and chat.

"I said Brother Qin, I'm still at work, okay?"

"Really busy."

"What's the matter, you have to call me out?!"

The Third Brother Qin smiled, "Sixth Brother, I've heard it before."

"You don't want to stay in the idle yamen, so you have to go to work as a thankless little Zhengke."

"You said that you have done any specific things in these years, is it worth it?"

"Besides, what are you trying to figure out?"

Speaking of this, a trace of anger flashed in Lu Bin's eyes.

He snorted softly, "Oh, in the past, I always felt that with my old man and my own brother around, I would be able to walk sideways in the imperial capital, and that would be enough for me."

"But as I grew up and matured, I found that others were unreliable."

"Other people's family is someone else's family, and your own family is your own family. Even if they are brothers, they are still two families!"

"Others, you can't rely on anyone, you can only rely on yourself!"

(End of this chapter)