Chapter 263 Convertible Bonds
Science number.
When Lin Run raised her head again, the handsome face had recovered from the long-lost calmness.
"This court wants to talk to someone who can make decisions about your company, but don't you say that you are an insignificant small shareholder?" Lin Run smiled at Zhao Hao with a teasing smile:
"Can you represent Jiangnan Company now?"
"Of course I can't represent it." Zhao Hao closed the folding fan and pointed at Jiang Xue, who was sitting quietly beside him, said: "It's her who talked to Zhongcheng on behalf of the company."
"She?" Lin Run was stunned.
"Let me introduce this girl who values both beauty and wisdom, Ms. Jiang Xueying, vice chairman and president of Jiangnan Company." Zhao Hao smiled and introduced Sister Jiang's title.
Lin Run is naturally familiar with the title of "President". When the court convened Hanlin officials to compile history, he would place a respected president and fully summarize and decide all related matters.
I think the president of Jiangnan Company should have a very different power, and he is responsible for the company.
But he had just adapted and dealing with a boy like Zhao Hao, and now he had to talk seriously with a young girl.
This feeling is so sour.
Do adults in Jiangnan Company all eat idle meals?
Fortunately, Lin Zhongcheng's expression management was quite in place, so he did not show any inappropriate expressions.
He smiled at Jiang Xueyingqiang and said, "It's really a hero who has been born in ancient times... Oh no, it's a girl."
"The Chief Executive does not need to be polite. Just say anything if you have anything to do." Jiang Xueying started taking over Wu Ji's business at the age of twelve, and has long been accustomed to the strange looks of adults.
But as long as you have dealt with her, all this kind of gaze will disappear... or the person with this kind of gaze will disappear.
"Haha, it's just that I'm looking like this." Lin Run smiled awkwardly, forcing herself to ignore the person sitting opposite her, which was a golden boy and jade girl, otherwise she wouldn't be able to enter the negotiation state.
"President Jiang, your company is willing to openly acquire the silk of Dongting Chamber of Commerce in such a difficult time." Lin Zhongcheng finally adjusted his mindset and said seriously:
"This court welcomes and thanks for this. If you give me papaya, you will be rewarded with Qiongju. This is our court's commitment."
Jiang Xueying nodded slightly, opened her red lips and said, "Mr. Zhongcheng said it is so serious. Jiangnan Company is rooted in Suzhou. As we have always believed, if Suzhou is prosperous, Jiangnan Company will be prosperous; if Suzhou is declining, Jiangnan Company will be defeated. Therefore, although our company has never been involved in the silk weaving industry before, it is willing to do its best to help Suzhou restore order as soon as possible."
"Okay, Jiangnan Company is indeed not an ordinary merchant!" Lin Run praised and asked again: "But what does this 'protecting price' mean? I would like to ask President Jiang for advice."
"The protection price is a purchase price set by our company to protect Suzhou's silk weaving industry. Jiangnan Company promised to acquire Dongting Chamber of Commerce's silk unlimited amount at this price."
Jiang Xueying actually arrived this morning, and I heard that Zhao Hao was going to make another big news.
Sister Jiang didn't bother to complain, so she hurriedly crammed her feet and made up for some relevant knowledge. She went straight to the battle and talked to the governor.
"Currently, this price is the average shipment price of the Dongting Chamber of Commerce for a month in the past. It will then change with the changes in market prices. It will be determined at the beginning of each month by Jiangnan Company and Dongting Chamber of Commerce, but it will not be lower than 90% of the average shipment price in Hangzhou and Nanjing last month."
"Is this fair?" Mr. Zhao asked with a smile.
"It's indeed fair." Lin Run didn't expect that Jiangnan Company had no intention of taking advantage of others' danger, which was enough to make all doubters, including him, shut up.
After a pause, Lin Zhongcheng said in a deep voice: "But this is probably going to cost a lot, right?"
"It will cost about three million taels this year, and it will only be more or less next year." Jiang Xueying nodded.
"Hiss...so much?!" Lin Run gasped and said, "Can Jiangnan Company take out so much money?"
"Of course I can't take it out." Jiang Xueying said calmly: "So we need to issue bonds and borrow money from the public."
This is not modesty. Although the original share capital of Jiangnan Company is claimed to be 4 million taels, the shareholders have only invested more than 2 million taels of silver in total.
First, because several shareholders contributed their capital with grain, and second, because Zhao Hao, the real major shareholder, did not invest a penny in it.
The majority of the water conservancy projects in Kunshan and the construction projects in Xishan are borne by Jiangnan Company, and more than 500,000 taels have been spent in a few months.
So the company only has more than 1.5 million taels left in its account, and it cannot solve Suzhou's urgent need even if it is taken out.
~~
"Issuing bonds?" Lin Run couldn't help but laugh: "Your company is really unique and I'll give our hospital some fresh words all day long."
"Zhongcheng just thinks that we are in charge of borrowing money. Is it easy to understand now?" Zhao Hao explained with a smile.
"Are you guys making money?" Lin Run couldn't help but frown slightly, and inevitably felt a little fooled.
"Why don't this court borrow it yourself?"
"Because Zhongcheng can't borrow it." Zhao Hao squinted his eyes happily after eating a piece of candied fruit. The words he said were very hurtful.
"It's not that my brother looked down on Zhongcheng. It's really because no one is willing to waste money at this moment." Jiang Xueying smiled apologetically from the side.
"If this hospital cannot borrow it, can it be borrowed by Jiangnan Company?!" Lin Zhongcheng felt quite hurtful of his self-esteem.
"Of course. Because we are Jiangnan Company." Zhao Hao said stinkyly.
Jiang Xueying translated for Zhao Hao: "Our bonds will have a 'debt-to-equity conversion' clause, promising that if the principal and interest cannot be paid as scheduled, the creditor has the right to convert the bonds into shares of Jiangnan Company at the price of one or two shares."
"That's how..." Lin Run lost his temper all of a sudden. The killer move he took out was really unmatched by Governor Ying Tian.
Three months after the advent of cement, especially after Kunshan County created the myth of "one month becomes a dike", the Jiangnan Company has long aroused the wealthy family of Jiangnan and the wealthy businessmen salivated.
It was just because his shareholders were too arrogant and Mr. Zhao was a "Wolf Fire" who specialized in attacking ruthless people, so no one dared to attack Jiangnan Company's bad idea.
The big players had to honestly offer high prices and wanted to acquire part of the shares of Jiangnan Company.
Unfortunately, none of the shareholders of Jiangnan Company are willing to sell their shares.
The rich and powerful people in Jiangnan had to sigh and envy, jealous and hatred.
Now that Jiangnan Company issuing convertible bonds has undoubtedly opened up hope for these people, it would be strange if they don’t steal the head.
The big players are not afraid of Jiangnan Company betraying their debts, but instead hope that they will not pay back the debts, so they will have the opportunity to convert the debts into shares.
How did Lin Zhongcheng learn this? It’s impossible to say that if you can’t pay off your debts, you’ll be happy to be the governor for a few days.
It’s still too tempting to say a thousand words.
Chapter completed!