Rebirth: Starting from the Cafeteria

Chapter 481 Guarantee and Refinancing

The next day is the weekend.

Du Shaojie went to school to pick up his daughter, and the family of three went to Qianmen Street to eat roast duck.

After staying at home with his daughter for two days, he flew back to Guangzhou after his daughter returned to school.

That night.

Du Shaojie invited Jiang Dongyuan to dinner at a private restaurant.

"President Jiang, this is what happened. You promised to give me the loan, but now it's stuck and the money hasn't been paid yet. Is there any change?"

Given his relationship with Jiang Dongyuan, there was no need to beat around the bush and he could just ask directly.

"I have asked about this matter twice before, and it is really difficult to make concessions. The inspection team from above is still stationed in the bank. The electronics industry has entered a downward cycle, and this loan was rejected by the inspection team."

Jiang Dongyuan smiled helplessly. He had read the information of Dongsheng Electronics. Due to its rapid expansion, its debt ratio remained high.

Under normal circumstances, this loan could be issued, but now that the inspection team is here, he can't force himself to do so.

Du Shaojie understood the other party's difficulties, nodded and said:
"Is that so? I understand. Let's put the loan issue aside for now. I'll see if I can find a solution from another bank."

Du Shaojie would not make things difficult for Jiang Dongyuan. Friends should understand and be considerate of each other. If they can't even do this, then the friendship will definitely not last long.

Jiang Dongyuan felt embarrassed and took the initiative to clink glasses with him.

Afterwards, the two of them tacitly changed the topic and talked about Lin Zhiyuan.

Although Lin Zhiyuan had made some progress, his life was not easy. Feng Qingsong's successor seemed to dislike him and kept causing trouble for him, which made him very irritated.

However, no one can help him with this matter, he can only face it by himself.

After eating and drinking, Du Shaojie returned home and immediately called Yu Mo to inform him of the relevant details of the loan.

"What can I do? We agreed on this at the beginning, but now where can I make up for this funding gap? Mr. Du, I have to trouble you with this matter. I can't go back these few days, okay?"

Yu Mo was very angry about the bank's "betrayal", but the matter in Bangkok was equally important, so she could only ask Du Shaojie for help.

Du Shaojie agreed to give it a try, but did not say anything definite.

In the next few days, Du Shaojie and Luo Qin contacted several banks in Guangzhou and Shenzhen. However, due to the large amount of the loan, it would take a long time even if they agreed to lend the money.

"Mr. Du, Shenzhen Development Bank has agreed to release the loan as soon as possible, but they also have a condition that [Dongsheng Electronics] transfer the basic settlement account to their bank."

Luo Qin is now fully capable of handling things on her own. She and Du Shaojie act separately, and she has made some progress.

But after listening to this, Du Shaojie frowned.

[Dongsheng Electronics] has a long-term cooperative relationship with the provincial bank where Jiang Dongyuan is located and its subordinate branches. The company's loans are more than this, and it is impossible to move the basic settlement account just because of a change in a loan.

Doing this is no different from turning against someone.

"That won't do. They want to poach us with just a loan of 200 million yuan? They're overthinking it."

Du Shaojie immediately rejected the conditions of the Development Bank and prepared to talk to Jiang Dongyuan in private.

This time he is not just looking for someone for face. He is prepared to give a guarantee to Dongsheng Electronics, so the problems that the inspection team is worried about will no longer exist.

[Century Catering Company] has a very good credit standing, and if they are willing to provide a guarantee, it is definitely a golden brand.

This morning.

Du Shaojie brought Luo Qin to Jiang Dongyuan's office.

"Why, you came to see me after all this? Welcome, welcome. Mr. Du, let me be frank with you. If you can't provide new favorable conditions, the loan will still be in jeopardy."

Jiang Dongyuan sat down with Du Shaojie and Luo Qin, and the staff brought them hot tea.

He then made a joke, but he knew very well that the other party would not come to his door unless he was absolutely sure.

"Aren't you talking nonsense? Why did I come to your office without preparation? I plan to provide a guarantee to Dongsheng Electronics in the name of Shenzhen Bailian Catering Management Company."

Du Shaojie took a sip of the tea and felt the fragrance lingering on his lips and teeth. He knew that Jiang Dongyuan had taken out the fine tea from his collection.

Then he directly stated his conditions.

"Bailian Catering is willing to provide a guarantee? That's definitely no problem. I'll call President Liu of the Shenzhen Branch right now, and you can ask someone to handle the formalities later."

Jiang Dongyuan couldn't help laughing when he heard it.

It wasn't that he didn't want to lend money to [Dongsheng Electronics], it was just that someone was watching very closely and it was difficult for him to do so. Now it's different, people have provided strong guarantees, and any bank will be happy to lend money.

Afterwards, Jiang Dongyuan called Shenzhen and the loan was finalized.

"Thank you! I'll cook a few dishes myself and treat you to a drink later."

Du Shaojie didn't stay long, and left after finishing his work. Yu Mo was very moved when he heard about this, and after returning from Bangkok, he took Du Shaojie out for a drink.

"Ajie, this time it's all thanks to you, otherwise it might have delayed the commissioning of the new production line. Without further ado, if you need a guarantee for a loan next time, I can provide you with one as well."

"Okay, between us you should help me and I should help you. I will ask if you need anything."

Du Shaojie did not refuse Yu Mo's goodwill. Doing business outside is also like having four helpers for a hero, not to mention that he has a closer relationship with the other party.

[Dongsheng Electronics] To put it bluntly, it is Yu Mo and him. Helping Yu Mo is the same as helping himself.

"I am preparing to start a new round of financing. The company's debt-to-asset ratio is a bit high and needs to be resolved in advance."

Yu Mo then talked about his own plan. The company has developed too fast in recent years, and the side effect is that the debt-to-asset ratio is close to the warning line.

Otherwise, how could a mere loan of 2 million yuan make her so embarrassed?
She planned to start a round of financing, and this matter had to be discussed with Du Shaojie. If the other party did not agree, her financing plan would be ruined.

"I have no opinion."

Although financing will dilute the shares, it will also increase the value of the shares he holds. For example, if there is a new issue, there will definitely be a premium, and the rights and interests of the original shareholders will naturally rise.

Therefore, Du Shaojie readily agreed to the other party's financing plan.

"Boss Du, it's my blessing to be able to partner with you."

Yu Mo was deeply moved and believed that Du Shaojie had made great contributions to his achievements today.

If it hadn't been for the financial support provided by the other party, [Dongsheng Electronics] would have been gone long ago, let alone anything else. Like this time, the other party once again lent a hand and guaranteed the company, which can be said to have solved the urgent need.

The next day.

[Dongsheng Electronics] held a board meeting and proposed a refinancing proposal.

The motion was passed and the company made an announcement soon after.

The additional issuance needs to be approved by the regulatory authorities. However, Dongsheng Electronics is a key enterprise supported by the state, and the relevant parties have given it the green light regardless of listing or refinancing.

The additional issuance with a total amount of up to 8 million yuan was implemented smoothly, and Ye Weiming, Pang Weidong, Xu Bo and even Qi Yan all showed up.

This period coincided with the rebound after the previous big drop, and the stock market was booming. Although the issue price per share was as high as 7.62 yuan, all the stocks were sold out.

In addition, Northwest Noodle House also took advantage of this rebound to conduct refinancing. The amount of financing was not large, only 2 million yuan, but the issue price per share was as high as 16.05 yuan.

The wealth of Du Shaojie and others has increased again, and some employees who do not have many stocks have already started selling them.

He himself has no need to cash out for the time being. As the initiator of a listed company, there are various restrictions on cashing out, so there is no need to rush.

With this raised capital, [Northwest Noodle House] will continue to open new stores in various commercial centers. The rent of opening a store in such a place is naturally very expensive, but the corresponding huge flow of people will make up for this part of the raised cost.

The premise is that the store’s business is booming.

Du Shaojie is satisfied with the work performance of Meng Gang and others. Meng Gang is suitable for working in a listed company. On the one hand, he can fully display his personal talents, but on the other hand, he will also be supervised by all parties.

this time.

Du Shaojie has been staying in Yangcheng and would go to the training center to give lectures from time to time.

[Xiangwei Ju] has had a very good development momentum recently, but due to the high rate of dish changes, the training task is very heavy.

It turns out that changing the menu is a wise move, and the sales of all stores have rebounded. However, the level of mastery of new products in each store is different, and the level is also uneven.

Only by completing the rotation training as soon as possible can the good momentum be maintained.

"Boss Du, your current level has left us far behind. I really envy you. You are young and strong, while we are all old."

Wang Qingquan and others also arrived at the training center. They are now all titled as head chefs, but in fact they are not responsible for specific matters and their nature is almost the same as that of consultants.

As they get older, they feel a little overwhelmed in many things.

Du Shaojie refused to agree to retire after he proposed several times. Anyway, they were not needed to do anything in normal times. These people were like the pillars of Xiangweiju. With them, the brand of Xiangweiju would not fall.

However, in the past two years, a large number of capable young and middle-aged chefs have emerged in various stores, and their roles have become increasingly important.

"Master Wang, are you thinking of retiring again? There's no need to go home and retire for the time being, right? I'll give you two months off later, so you can go out and have some fun, and then come back to work."

Du Shaojie laughed and didn't continue what the other party said.

Instead, he agreed to give them a long vacation, let them have a good rest for a while, and then come back to continue working as consultants.

"Of course that's fine. Thank you guys for never looking down on us old guys. You keep busy, I'll go to class."

Wang Qingquan was full of praise for the new dishes that Du Shaojie had prepared. He mastered the methods of making these new dishes immediately and can now teach them to everyone with ease. (End of this chapter)

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