Reborn as the youngest son of a chaebol, let's get to know his sister-in-law!
Chapter 441: Burj Khalifa project, Chen Dongji couldn’t help it!
Chen Daojun rolled his eyes when he asked for 5%.
"I will not accept unreasonable demands."
"How is this unreasonable? Isn't this very reasonable?"
"This is not a matter of rationality or injustice, this is far beyond what I'm comfortable with."
He rolled his eyes and said that the funds invested in BAT Group would be diverted to Shunyang every day for the Dubai show.
"What does Zhuri have to do with this? It is mainly done by your Daya Construction, right?
"I know, Second Uncle, but Han Guo Zhuri's current move was made with the final approval of Country M after the council made a decision. This was a decision made by Jiang Shengyu, the representative to Country M, after living a retired life. "
"I think we should have more decision-making power than that."
"Yes, there's more."
Chen Dongji still has doubts:
"The major shareholder of BAT is Zhuri. If you don't take care of your own property, why do you want our Shunyang to intervene?"
As soon as Chen Daojun heard what he said, he knew that he was going to take the bait, so he quickly said in a bewitching tone:
"As you know, building a new city in Dubai requires a large amount of capital investment in advance, which means that the group will operate its core business and the old Shunyang construction is useless for such a large-scale construction."
"You can make money anywhere, but I see no reason to ask me for capital."
"Yes, we only need to use the group's funds to fill the gap."
"But now that heavy industry has poured money into the Middle East, there isn't enough money."
is that true?
Chen Dongji was doubtful.
Does this mean that Chen Daojun's funds have dried up?
"I don't have any spare money either."
Chen Dongji had an expression of disbelief.
"Are you kidding? The financial company has no money? What about your investment company?"
"No, I'm serious. Since two years ago, I have invested all my spare money in derivatives of country M. If you don't believe it, you can check it yourself."
"Derivatives?"
Finally leading the topic to this aspect, Chen Daojun nodded, "This is a stable investment, and its rate of return is always more than twice the market interest rate of 4%, and can be as high as 8%."
"If you invest everything and don't diversify your investments, it's very risky, isn't it?"
Chen Dongji was a little moved when he heard that the interest rate was so high.
"Yes, diversifying investments can indeed effectively reduce risks, but I have no choice because I only choose companies with AAA ratings among investment products. Such companies are relatively stable."
“If interest rates double, a AAA rating would be good, right?”
Chen Dongji touched his chin. After all, he made money, so what else did he care about.
However, he was still worried and asked again:
"So, why should I spend all the company's spare money? Why can't I just keep it for investment?"
"That's up to you."
Seeing that he had successfully aroused his curiosity, Chen Daojun smiled and said nothing more.
The group finally confirmed that it will build the Burj Khalifa for Dubai.
And it was announced on the same day that cooperation is always open and any qualified construction company can join at any time.
The industry expects to receive orders worth at least 2 trillion won.
Chen Dongji threw down the morning newspaper and pressed the intercom.
"Team responsible for Dubai, everyone come to the conference room."
He threw the newspaper on the table, waited for them to read it, and asked:
"What do you think?"
"It would be a great thing to join, but only a few companies qualify and everyone complains that the conditions are too high."
"So, cooperation is just a gimmick?"
"I hope so, but the conditions are really tempting."
Chen Dongji turned the pen in his hand and suddenly asked:
"When will the funds for the construction of Incheon New Town be approved?"
When the construction of Incheon New Town started, it was bright and they tried every means to occupy this area.
As a result, they got the largest area.
But until now, it is not known when the infrastructure at the government level will be completed. Only gray cement high-rise buildings are left in the new city, like a ghost town.
And because sales fell short of expectations, the repayments from pre-sales were not much at all.
Seeing him ask this, a vice president raised his hand weakly:
"President, I estimate that a breakthrough will be achieved only when the next government comes to power."
"What if the government doesn't change?"
"I can guarantee that the ruling D does not have a strong candidate, while the opposition D only needs two strong candidates to win the primary. After all, the preliminaries are more difficult than the finals."
"It's really difficult...but I need cash now!"
Those gathered in the conference room were thankful that their host was Chen Dongji, not Chen Rongji.
The person who vigorously promotes the Incheon New Town project is Dongji Vice Chairman.
Moreover, the problem was caused by his own error in judgment, so he did not scold his subordinates too much.
Everyone thought, if Chen Rongji was the vice president...?
He will forget his own reasons and will push everyone to deal with the unsold inventory every day.
Of course, Chen Rongji will also hold the project leader accountable, and at least three teams will be collectively expelled.
"Vice President, BAT President Li Xuezai offered to give us some help. As long as we provide technical cooperation."
Chen Dongji looked around the conference room and said.
"Do you all agree? Join forces with them and start?"
Everyone nodded as he asked, waving the newspaper.
"As soon as the news of the cooperation is released, we can get as much money as possible from the financial sector, and many problems will be solved."
"No need, Vice Chairman, financial credit cannot bear this kind of loss. It has been used for the construction of Incheon New City and Burj Khalifa. Even if the company's rating is downgraded and bonds are issued, it cannot be done."
The person who answered him was the youngest man in the conference room, Kim Taejun.
This was a bold guy, but the mood in the conference room didn't suffer.
This means that Chen Dongji has a good temper, but he still looks at the other person dissatisfied:
"I can't bear it. Can you take responsibility for those words?"
"Yes, the only way left is to borrow group shares as collateral."
"Then keep it and borrow it."
The young man said, looking at Chen Dongji's expression, he didn't know if he was serious.
"The expected order size has to be reduced and I think it would be better to optimize management before releasing the trapped funds."
"I don't know when an opportunity like building the Burj Khalifa will come again, so I will do whatever it takes to raise money."
Chen Dongji saw that the man answered simply and without missing a beat, and smiled slightly:
"You compile your suggestions and send them to Li Xuezai. Everyone, please go out."
Everyone stood up, Chen Dongji looked at the young man just now and said.
"There's still a little extra money left."
Chen Dongji's expression was much softer when dealing with this top student's new assistant.
"Taejun, do you have an accurate grasp of your financial situation?"
"Yes, President, we have contacted all commercial banks and this is their official response."
Kim Tae-joon is Chen Dong-gi's nephew and the head of the operations support headquarters, responsible for overseeing funds for construction and heavy industry.Although he is only in his 30s, he has gained considerable power in a short period of time due to his aura and ability as a top student.
The key is that Chen Dongji has no son. With his two "daughters" leaving him, everyone in the company regards Kim Taijun as the successor Chen Dongji cultivates.
"Taejun, you will not make progress if you only aggressively manage your strength when your condition is good. You must always maintain an aggressive attitude."
Chen Dongji said as if he was telling a story.
At least Kim Taejun is a diligent guy.
He thought to himself that Taijun's decision to become the head of the operating department was a perfect decision, but being the CEO was not enough for now.
It is Chen Dongji's wish to cultivate more subordinates within 10 years.
"When you encounter difficulties, you must grit your teeth to become strong. Even if our situation is not good, even the diamond rings in the cabinet have to be sold to raise funds. This is also the job of the director of the business support department. You must remember it. "
Jin Taijun knew that if he were not his nephew, he would have been scolded long ago.
"I'm sorry because I showed my deficiencies in the formal meeting."
"It doesn't matter. You can do better next time. Making the same mistake twice is unforgivable. Got it?"
"Yes."
"Okay, let's go raise money and visit more banks."
Chen Dongji hit Kim Taejun on the shoulder.
Chen Daojun did not expect that Chen Dongji would send Jin Taijun to visit him.
"President, Minister Kim Taejun is here."
The secretary opened the door with an awkward tone.
Everyone knows that Chen Daojun is not very fond of people from Shunyang Group, but since he is from the group, he is not easy to stop.
"It's ok."
Chen Daojun raised his head and looked at the other party quietly.
"Brother Daojun, I'm really sorry for your unexpected visit."
"No, it doesn't matter."
Chen Dongji’s nephew Jin Taijun has been quickly promoted to the vice president of Shunyang Electronics, and will also serve as the executive director in the next step.
It's just that there are too many cousins in Shunyang Group, and Chen Daojun has dealt with him before.
"Aren't you studying management in a company? What's wrong?"
"A year has passed. We are in the same building, but rarely together. Speaking of which, it is because I am ignorant and did not come to visit Brother Daojun."
Kim Taejun asked for help and his tone was very humble.
Chen Daojun smiled.
I haven't seen this guy for a long time, but he and Chen Dongji don't have a good relationship, so the meaningless greetings between the two ended here.
"By the way, seeing that you came suddenly, there must be something urgent, right?"
"Oh, you know what? The Burj Khalifa project."
Chen Daojun nodded.
Well, if that weren't the case, this guy wouldn't come running over to find him.
“Taejun, let’s ask one thing before we talk about work.”
"Okay, tell me."
He seemed a little nervous about Dojun's next words.
"If you want to talk to me about work, don't say anything you can't decide, don't even put forward a condition that you can't decide or need to call me to plead for approval. You know, this room is where decision-makers gather. People who come, Either talk to me about cooperation or report to me."
Jin Taijun's face was solemn.
I didn't expect Chen Daojun to express his position so rudely.
"If you are the decision-maker, Taijun, tell me what I want to cooperate with. Otherwise, go out and tell the person in charge below me, and then the person in charge will report to me, and then I will make a decision."
Chen Daojun looked at Jin Taijun's red face, which was really funny.
"I'm sorry if you make that expression, but no matter what, today is the first time for you to come to my office, Taejun. Don't say that I don't give you face, so I only allow you this time, you don't have to Just say it with any conditions."
Jin Taijun raised his head suddenly, a trace of gratitude flashed in his eyes, and at the same time he smiled awkwardly.
"Then let me tell you directly. The company has many construction projects and is short of funds. Now is the time to invest. As long as you are willing to borrow some money, we will return the money as soon as we make it."
Chen Daojun decisively refused: "That won't work. I have already told my second uncle that my financial company does not have enough money to transfer it."
"I have never begged you. This is my first request. Don't refuse it outright. Brother Daojun, think about it carefully. We will pay you a lot of interest. Everyone knows that you are rich."
"Well, I'll give it a try, but don't expect too much. I don't have as much money as the rumors say."
Jin Taijun thought this was a tactful rejection, and his expression became more solemn.
Chen Daojun patted him on the shoulder: "Taijun, if you are really anxious, use your money wisely first. Do you know what borrowers are most curious about? That is that you obviously have money, but you still ask for money. Others borrow money.”
"It's not like that, I told you! I really don't have any money, Brother Daojun, please think about it."
“Okay, I get it, but if you think Dubai is a real opportunity, go for it so I can trust you too.”
"Well, I haven't decided yet."
Chen Daojun smiled without saying a word.
Now it's up to them to decide.
No one can escape the allure of the Burj Khalifa’s majestic skyline.
2 trillion!
What a concept, make one order and it lasts for two years!
The construction industry all over the world cannot resist the temptation, like a moth to a flame, are they the only exception?
"First, I will meet with the financial department. If it is Shunyang Construction or Heavy Industry, we can increase the quota."
"I've checked and they all said no."
Chen Daojun looked directly at Brother Taijun with a smile and said.
"What would you think if I told you that I, the person who has a firm grip on the financial relationships of Shunyang Group?"
A flash of light flashed in Jin Taijun's eyes.
"You can borrow money, the plan is mine."
Representatives of the three companies that had formed a consortium screamed in surprise when they heard the conditions proposed by Shunyang Group.
"Are you serious? Is this the official opinion of Shunyang Group? Or do you think the employees of Shunyang Construction are being squeezed out just to hear that you are good at your job?"
"This is Vice President Chen Dongji's decision."
Everyone complained: "Is this a consortium? A subcontractor! It's so ridiculous, really...!"
"Please calm down and listen to me."
"What else do you want? It's over!"
When the representatives of the three companies complained, the person in charge of Shunyang interrupted them.
"Honestly, everyone in the industry knows that the 2 trillion won talked about in the media is a false number. If we do well, we will win about half of the orders, 1 trillion."
"So? Didn't Shunyang Construction include it in the press release? Everyone is trying their best to increase the stock price, and suddenly such a plan comes out."
"I mean thinking about it realistically, even if your three companies win orders from Dubai World, aren't they just subcontractors? European companies design and apply all technical construction methods. Aren't your companies playing the role of contractors?"
People from other companies just blushed and had no influence on the person in charge of Shunyang who pinched them accurately.
"What's the difference between taking wages from Europeans and taking wages from our group? Wouldn't it be better if we were more generous?" (End of Chapter)
"I will not accept unreasonable demands."
"How is this unreasonable? Isn't this very reasonable?"
"This is not a matter of rationality or injustice, this is far beyond what I'm comfortable with."
He rolled his eyes and said that the funds invested in BAT Group would be diverted to Shunyang every day for the Dubai show.
"What does Zhuri have to do with this? It is mainly done by your Daya Construction, right?
"I know, Second Uncle, but Han Guo Zhuri's current move was made with the final approval of Country M after the council made a decision. This was a decision made by Jiang Shengyu, the representative to Country M, after living a retired life. "
"I think we should have more decision-making power than that."
"Yes, there's more."
Chen Dongji still has doubts:
"The major shareholder of BAT is Zhuri. If you don't take care of your own property, why do you want our Shunyang to intervene?"
As soon as Chen Daojun heard what he said, he knew that he was going to take the bait, so he quickly said in a bewitching tone:
"As you know, building a new city in Dubai requires a large amount of capital investment in advance, which means that the group will operate its core business and the old Shunyang construction is useless for such a large-scale construction."
"You can make money anywhere, but I see no reason to ask me for capital."
"Yes, we only need to use the group's funds to fill the gap."
"But now that heavy industry has poured money into the Middle East, there isn't enough money."
is that true?
Chen Dongji was doubtful.
Does this mean that Chen Daojun's funds have dried up?
"I don't have any spare money either."
Chen Dongji had an expression of disbelief.
"Are you kidding? The financial company has no money? What about your investment company?"
"No, I'm serious. Since two years ago, I have invested all my spare money in derivatives of country M. If you don't believe it, you can check it yourself."
"Derivatives?"
Finally leading the topic to this aspect, Chen Daojun nodded, "This is a stable investment, and its rate of return is always more than twice the market interest rate of 4%, and can be as high as 8%."
"If you invest everything and don't diversify your investments, it's very risky, isn't it?"
Chen Dongji was a little moved when he heard that the interest rate was so high.
"Yes, diversifying investments can indeed effectively reduce risks, but I have no choice because I only choose companies with AAA ratings among investment products. Such companies are relatively stable."
“If interest rates double, a AAA rating would be good, right?”
Chen Dongji touched his chin. After all, he made money, so what else did he care about.
However, he was still worried and asked again:
"So, why should I spend all the company's spare money? Why can't I just keep it for investment?"
"That's up to you."
Seeing that he had successfully aroused his curiosity, Chen Daojun smiled and said nothing more.
The group finally confirmed that it will build the Burj Khalifa for Dubai.
And it was announced on the same day that cooperation is always open and any qualified construction company can join at any time.
The industry expects to receive orders worth at least 2 trillion won.
Chen Dongji threw down the morning newspaper and pressed the intercom.
"Team responsible for Dubai, everyone come to the conference room."
He threw the newspaper on the table, waited for them to read it, and asked:
"What do you think?"
"It would be a great thing to join, but only a few companies qualify and everyone complains that the conditions are too high."
"So, cooperation is just a gimmick?"
"I hope so, but the conditions are really tempting."
Chen Dongji turned the pen in his hand and suddenly asked:
"When will the funds for the construction of Incheon New Town be approved?"
When the construction of Incheon New Town started, it was bright and they tried every means to occupy this area.
As a result, they got the largest area.
But until now, it is not known when the infrastructure at the government level will be completed. Only gray cement high-rise buildings are left in the new city, like a ghost town.
And because sales fell short of expectations, the repayments from pre-sales were not much at all.
Seeing him ask this, a vice president raised his hand weakly:
"President, I estimate that a breakthrough will be achieved only when the next government comes to power."
"What if the government doesn't change?"
"I can guarantee that the ruling D does not have a strong candidate, while the opposition D only needs two strong candidates to win the primary. After all, the preliminaries are more difficult than the finals."
"It's really difficult...but I need cash now!"
Those gathered in the conference room were thankful that their host was Chen Dongji, not Chen Rongji.
The person who vigorously promotes the Incheon New Town project is Dongji Vice Chairman.
Moreover, the problem was caused by his own error in judgment, so he did not scold his subordinates too much.
Everyone thought, if Chen Rongji was the vice president...?
He will forget his own reasons and will push everyone to deal with the unsold inventory every day.
Of course, Chen Rongji will also hold the project leader accountable, and at least three teams will be collectively expelled.
"Vice President, BAT President Li Xuezai offered to give us some help. As long as we provide technical cooperation."
Chen Dongji looked around the conference room and said.
"Do you all agree? Join forces with them and start?"
Everyone nodded as he asked, waving the newspaper.
"As soon as the news of the cooperation is released, we can get as much money as possible from the financial sector, and many problems will be solved."
"No need, Vice Chairman, financial credit cannot bear this kind of loss. It has been used for the construction of Incheon New City and Burj Khalifa. Even if the company's rating is downgraded and bonds are issued, it cannot be done."
The person who answered him was the youngest man in the conference room, Kim Taejun.
This was a bold guy, but the mood in the conference room didn't suffer.
This means that Chen Dongji has a good temper, but he still looks at the other person dissatisfied:
"I can't bear it. Can you take responsibility for those words?"
"Yes, the only way left is to borrow group shares as collateral."
"Then keep it and borrow it."
The young man said, looking at Chen Dongji's expression, he didn't know if he was serious.
"The expected order size has to be reduced and I think it would be better to optimize management before releasing the trapped funds."
"I don't know when an opportunity like building the Burj Khalifa will come again, so I will do whatever it takes to raise money."
Chen Dongji saw that the man answered simply and without missing a beat, and smiled slightly:
"You compile your suggestions and send them to Li Xuezai. Everyone, please go out."
Everyone stood up, Chen Dongji looked at the young man just now and said.
"There's still a little extra money left."
Chen Dongji's expression was much softer when dealing with this top student's new assistant.
"Taejun, do you have an accurate grasp of your financial situation?"
"Yes, President, we have contacted all commercial banks and this is their official response."
Kim Tae-joon is Chen Dong-gi's nephew and the head of the operations support headquarters, responsible for overseeing funds for construction and heavy industry.Although he is only in his 30s, he has gained considerable power in a short period of time due to his aura and ability as a top student.
The key is that Chen Dongji has no son. With his two "daughters" leaving him, everyone in the company regards Kim Taijun as the successor Chen Dongji cultivates.
"Taejun, you will not make progress if you only aggressively manage your strength when your condition is good. You must always maintain an aggressive attitude."
Chen Dongji said as if he was telling a story.
At least Kim Taejun is a diligent guy.
He thought to himself that Taijun's decision to become the head of the operating department was a perfect decision, but being the CEO was not enough for now.
It is Chen Dongji's wish to cultivate more subordinates within 10 years.
"When you encounter difficulties, you must grit your teeth to become strong. Even if our situation is not good, even the diamond rings in the cabinet have to be sold to raise funds. This is also the job of the director of the business support department. You must remember it. "
Jin Taijun knew that if he were not his nephew, he would have been scolded long ago.
"I'm sorry because I showed my deficiencies in the formal meeting."
"It doesn't matter. You can do better next time. Making the same mistake twice is unforgivable. Got it?"
"Yes."
"Okay, let's go raise money and visit more banks."
Chen Dongji hit Kim Taejun on the shoulder.
Chen Daojun did not expect that Chen Dongji would send Jin Taijun to visit him.
"President, Minister Kim Taejun is here."
The secretary opened the door with an awkward tone.
Everyone knows that Chen Daojun is not very fond of people from Shunyang Group, but since he is from the group, he is not easy to stop.
"It's ok."
Chen Daojun raised his head and looked at the other party quietly.
"Brother Daojun, I'm really sorry for your unexpected visit."
"No, it doesn't matter."
Chen Dongji’s nephew Jin Taijun has been quickly promoted to the vice president of Shunyang Electronics, and will also serve as the executive director in the next step.
It's just that there are too many cousins in Shunyang Group, and Chen Daojun has dealt with him before.
"Aren't you studying management in a company? What's wrong?"
"A year has passed. We are in the same building, but rarely together. Speaking of which, it is because I am ignorant and did not come to visit Brother Daojun."
Kim Taejun asked for help and his tone was very humble.
Chen Daojun smiled.
I haven't seen this guy for a long time, but he and Chen Dongji don't have a good relationship, so the meaningless greetings between the two ended here.
"By the way, seeing that you came suddenly, there must be something urgent, right?"
"Oh, you know what? The Burj Khalifa project."
Chen Daojun nodded.
Well, if that weren't the case, this guy wouldn't come running over to find him.
“Taejun, let’s ask one thing before we talk about work.”
"Okay, tell me."
He seemed a little nervous about Dojun's next words.
"If you want to talk to me about work, don't say anything you can't decide, don't even put forward a condition that you can't decide or need to call me to plead for approval. You know, this room is where decision-makers gather. People who come, Either talk to me about cooperation or report to me."
Jin Taijun's face was solemn.
I didn't expect Chen Daojun to express his position so rudely.
"If you are the decision-maker, Taijun, tell me what I want to cooperate with. Otherwise, go out and tell the person in charge below me, and then the person in charge will report to me, and then I will make a decision."
Chen Daojun looked at Jin Taijun's red face, which was really funny.
"I'm sorry if you make that expression, but no matter what, today is the first time for you to come to my office, Taejun. Don't say that I don't give you face, so I only allow you this time, you don't have to Just say it with any conditions."
Jin Taijun raised his head suddenly, a trace of gratitude flashed in his eyes, and at the same time he smiled awkwardly.
"Then let me tell you directly. The company has many construction projects and is short of funds. Now is the time to invest. As long as you are willing to borrow some money, we will return the money as soon as we make it."
Chen Daojun decisively refused: "That won't work. I have already told my second uncle that my financial company does not have enough money to transfer it."
"I have never begged you. This is my first request. Don't refuse it outright. Brother Daojun, think about it carefully. We will pay you a lot of interest. Everyone knows that you are rich."
"Well, I'll give it a try, but don't expect too much. I don't have as much money as the rumors say."
Jin Taijun thought this was a tactful rejection, and his expression became more solemn.
Chen Daojun patted him on the shoulder: "Taijun, if you are really anxious, use your money wisely first. Do you know what borrowers are most curious about? That is that you obviously have money, but you still ask for money. Others borrow money.”
"It's not like that, I told you! I really don't have any money, Brother Daojun, please think about it."
“Okay, I get it, but if you think Dubai is a real opportunity, go for it so I can trust you too.”
"Well, I haven't decided yet."
Chen Daojun smiled without saying a word.
Now it's up to them to decide.
No one can escape the allure of the Burj Khalifa’s majestic skyline.
2 trillion!
What a concept, make one order and it lasts for two years!
The construction industry all over the world cannot resist the temptation, like a moth to a flame, are they the only exception?
"First, I will meet with the financial department. If it is Shunyang Construction or Heavy Industry, we can increase the quota."
"I've checked and they all said no."
Chen Daojun looked directly at Brother Taijun with a smile and said.
"What would you think if I told you that I, the person who has a firm grip on the financial relationships of Shunyang Group?"
A flash of light flashed in Jin Taijun's eyes.
"You can borrow money, the plan is mine."
Representatives of the three companies that had formed a consortium screamed in surprise when they heard the conditions proposed by Shunyang Group.
"Are you serious? Is this the official opinion of Shunyang Group? Or do you think the employees of Shunyang Construction are being squeezed out just to hear that you are good at your job?"
"This is Vice President Chen Dongji's decision."
Everyone complained: "Is this a consortium? A subcontractor! It's so ridiculous, really...!"
"Please calm down and listen to me."
"What else do you want? It's over!"
When the representatives of the three companies complained, the person in charge of Shunyang interrupted them.
"Honestly, everyone in the industry knows that the 2 trillion won talked about in the media is a false number. If we do well, we will win about half of the orders, 1 trillion."
"So? Didn't Shunyang Construction include it in the press release? Everyone is trying their best to increase the stock price, and suddenly such a plan comes out."
"I mean thinking about it realistically, even if your three companies win orders from Dubai World, aren't they just subcontractors? European companies design and apply all technical construction methods. Aren't your companies playing the role of contractors?"
People from other companies just blushed and had no influence on the person in charge of Shunyang who pinched them accurately.
"What's the difference between taking wages from Europeans and taking wages from our group? Wouldn't it be better if we were more generous?" (End of Chapter)
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