my life reset

Chapter 188 Yen Loans
Chapter 188 Yen Loans

Signing a cooperation agreement is an essential procedure, and it involves the transfer of a large amount of funds, so it must be clear and can withstand investigation.

After Chen Jialin hurried back to the deep sea, he placed orders with Philips and Sony for 20 sets each, for a total of 40 sets.

Hu Yang thought about it, felt that it was not enough, and planned to increase some chips.

But this time he does not intend to continue to use the "vest" of Wanshi Technology, but directly imports the VCD core components through Huijia Trading Company, which he registered in Xiangjiang.

To increase the amount of stockpiles, there must be sufficient funds.But at present, the company has less than [-] million cash in its account, which is of no use at all.

It is a convenient and quick way to continue to borrow money from the bank. He still has the shares of Cite Electric and Shengyi Electronics that can be pledged.

But Hu Yang has a better idea, he wants to play bigger.

"Brother Hu, do you want to get a loan directly from Xiangjiang?"

Chen Jialin is used to having whimsical thoughts about Populus euphratica.However, as far as the matter is concerned, if you stock up, it is better to do it separately.

Seeing Hu Yang's resolute attitude, Chen Jialin immediately called Xiangjiang to ask.

"Brother, Li Tianfeng said that you only have a shell company in Xiangjiang, and the loan will be very troublesome. Of course, if you insist, you can also think of some workarounds, but it will take a long time."

The results of Chen Jialin's consultation were not satisfactory, and it was not easy to give Hu Yang a loan from "Huijia Trading" in Xiangjiang.

Li Tianfeng, Hu Yang, still remembers that he met once in Xiangjiang, and he was a senior employee of HSBC Bank.

"Why don't I ask myself, or find a Japanese bank."

Although the US dollar is generally used for settlement in international trade, the yen is also an international settlement currency.He originally planned to import Sony's core components, and it is more convenient to use Japanese yen directly.

"Then you said it earlier, and asked me to call and ask about this big circle. Let's go, there is one in this building, let's go and ask now."

CITIC Plaza has settled in many large foreign companies, including some of the world's top 500 companies, including the offices of Sumitomo Mitsui Banking Corporation in Yangcheng.

However, the financial business of foreign-funded banks has not been liberalized in China, and these offices cannot directly provide loan services.

But just to consult, but there is no problem.

The office of Sumitomo Mitsui Bank is on the 70th floor.

As soon as Hu Yang and Chen Jialin came to the front desk, several employees of the other party bowed to them.

"Gentlemen, hello! What can I do for you?"

Seeing his attitude, Hu Yang suddenly felt relieved.

Chen Jialin saw that Hu Yangguang was smiling and didn't speak, so he took the initiative to say: "There are some business matters that need to be discussed with your person in charge."

Hu Yang and Chen Jialin coincidentally took out business cards from their pockets and put them on the table.

If you want to meet someone's boss, at least you have to report yourself. This is a matter of politeness and a matter of how to do things.

"Okay, you two, please wait a moment."

The lady at the front desk picked up the phone, but she didn't know who she was calling.After she introduced Hu Yang and Chen Jialin according to the business card, a positive answer came from the other end of the phone.

"Come with me, you two, Mr. Yoshino is waiting for you in the office."

Soon, the two met Haruhiko Yoshino, the head of the agency.

Haruhiko Yoshino is not too tall, about 1.7 meters five, in his early 30s, and looks shrewd and capable.

"It turns out that Mr. Hu from Huijia Holdings is here. It's a great honor. There is also this Mr. Chen, please sit down."

Of course, Haruhiko Yoshino knew Huijia Holdings. In this building, many companies knew that they had bought two-story office buildings, wealthy Huijia Holdings, and young bosses.

"Mr. Yoshino, you are welcome. We took the liberty to come here today because we want to consult you about the Japanese yen loan, and I hope you will give us your advice."

Hu Yang and Chen Jialin sat down, and some staff brought them coffee.Hu Yang said "thank you" softly, and then went straight to the topic.

"Mr. Hu, I'm just an office of the bank's headquarters in Yangcheng. I may not be able to help you with specific financial business."

Yoshino Haruhiko was obviously taken aback, he felt that the other party shouldn't make such a common-sense mistake.

Chen Jialin smiled and said, "Of course we know what Mr. Yoshino said, and now we are just consulting. Our loan will be made in the name of the company in Xiangjiang, not in the mainland."

"That's it"

Yoshino Haruhiko nodded at Chen Jialin, and then moved his gaze to Hu Yang's face.

Hu Yang immediately explained that he was planning to import VCD core components from Sony and needed working capital support.

It was only then that Haruhiko Yoshino realized that it was no wonder that the other party wanted a loan in Japanese yen.Compared with US dollars, the interest rate of yen loans can be slightly lower. Since it is trading with Sony, it is still a good choice to settle in yen.

"Mr. Yoshino, I want to get a loan from Xiangjiang, but my company in Xiangjiang has no performance. So, do you think there is any workaround?"

Knowing the strength of Huijia Holdings, Haruhiko Yoshino did not refuse.The two of you came and went, discussing for almost an hour.

In the end, a solution was found that was acceptable to both parties.

Hu Yang, combined the equity of Xi Te Electric held by Huijia Holdings, plus the equity of Shengyi Electronics.Pledged to Sumitomo Mitsui Yangcheng Office.Then the Xiangjiang branch of Sumitomo Mitsui Bank lent 54 billion yen to Hu Yang's "Huijia Trading Company" in Xiangjiang.

The process here is very complicated, mainly because of the business coordination between Sumitomo Mitsui Yangcheng Office and Xiangjiang Branch.

Of course, this is a matter between them, and it has nothing to do with Hu Yang.

After negotiating a big deal, Haruhiko Yoshino politely sent the two to the elevator.Next, the specific staff of both parties will be responsible for handling this matter, and Hu Yang does not need to worry about the details.

Ten days later, Hu Yang's trading company in Xiangjiang received a loan of 54 billion yen.For this matter, he himself stayed in Xiangjiang for a period of time.

According to the loan agreement, the term of this loan is one year, which can be extended unconditionally for one year.To put it bluntly, the maximum term of this loan is two years.Another thing is to borrow yen to repay yen, which cannot be replaced by other currencies.

Because of Chen Jialin and his father Chen Hao's way, after Hu Yang got the loan, he quickly signed a supply contract with Sony, adding an order of 40 sets of VCD core components.

For this order, the price of each set of core components is 1.32 yen, with a total value of 52.8 billion yen.

At the end of the year, the 40 sets of core components ordered by Wanshi Technology and the 40 sets of core components ordered by Xiangjiang Huijia Trading Company began to arrive one after another.

On Lu Yali's side, since she signed an additional 40-unit foundry contract with Wanshi Technology relatively early, the supply of core components has not been affected.

Xinke is similar, similar to Lu Yali's situation, so the 80 sets of core components of Populus euphratica and Manshi Technology are temporarily hoarded in the warehouse.

This time, Hu Yang really took a big gamble, he almost put all his wealth on it.

Chen Jialin said, don't look at Brother Hu who usually looks gentle and elegant, but at critical moments he is a passionate man who dares to fight and fight hard.

The implication is that Hu Yang is a bit of a dick, and he doesn't care about the consequences when he goes crazy.

Populus euphratica scoffed at this statement. The sales of Vcd players in the domestic market still have the craziest period of time. Even if the bet is wrong, the core components in hand will not lose money, at most they will just work for the bank for nothing.

What's more, Populus euphratica has added double insurance, no matter what happens, it will not fail.

At the end of the year, another big event broke out in the vcd industry.Hu Debiao once again bid for a set of prime-time advertisements, and became the king of bids in 2.1 with a sky-high price of 1997 million yuan.

Aiduo vcd once again attracted the attention of countless people.

Around New Year's Day, major vcd manufacturers began to hit the two-section market.Just seven days before and after New Year's Day, the statistical sales volume is amazing.Compared with the same period last year, the domestic sales of vcd players have increased by six times.

How hot is the sales of vcd machines now?The newly arrived goods from all over the country do not need to be put into the warehouse, and they can be sold out immediately after being put on the counter.

After New Year's Day and before the Spring Festival, there were even out-of-stocks in many places, and for the first time, there was a serious supply crisis of VCD players.

The manufacturers underestimated the market, and the production could not keep up with the sales. However, at the source, it was the two major movement suppliers in the world.Sony and Philips are also facing the problem of insufficient production capacity, and the supply of movement and decoding chips is in short supply.

It is simply unrealistic to expand production capacity now, and this situation will not change within a few months.

Lu Yali's new order of 40 units was produced by Manshi Technology after working overtime around New Year's Day. Before the Spring Festival, it was almost sold out.

Hu Debiao, the boss of Aiduo, was even more worried. He had just invested 2 million yuan in advertising fees, but the products could not keep up with the sales, which made him worry all night.

After New Year's Day, Hu Debiao flew to Philips headquarters in an attempt to import more movements as a major customer, but Philips said it could not meet his request.

Countless manufacturers are looking for VCD core components everywhere like a demon, causing the price of core components to skyrocket.

For example, the decoding chip, the previous price was 30 US dollars, but now it has reached 65 US dollars.Just like this, there are still more wolves and less meat, and they will be robbed in minutes when they are released.

"Mr. Hu, I don't care. I heard that Wanshi Technology still has core components in stock. No matter how much it costs, I want it. Anyway, Boba can't be out of stock around the Spring Festival."

Lu Yali came to the door, desperately pestering Populus euphratica.

Mr. Chen of Obsidian Technology, she doesn't have such a good relationship with others, so she can only pin her hopes on Populus euphratica.

"Sister Lu, it's not that I won't help you. Wouldn't it be cheaper for Zeng Xiangqi if I supply you now?"

Hu Yang's words were of course a joke. Anyway, for Lu Yali's sake, he will give Boba some core components.

(End of this chapter)