Chapter 532: Chapter 302: One Set of Rules to Your Face, Another Behind Your Back_2
“We also hired a professional market analysis team to conduct sensitivity analysis, taking into account key indicators such as tourist reception volu and consumption level, which were simulated under different fluctuation ranges.”
“For instance, if the growth rate of tourist reception decreases to 10%, and the average consumption per tourist increases by only 3%, the payback period for the project would extend to 5 years. However, the overall profit prospects still look promising.”
“Moreover, we have implented many innovative asures in project planning and operation mode designed to enhance the project’s risk resistance, such as deeply collaborating with major tourism platforms to broaden custor channels, and creating unique tourism products to increase tourist consumption desire.”
He looked at Chen Cheng, “Xiao Chen, as you are aware, precise planning and risk managent in the early stages of tourism project investnts are crucial. We have put significant efforts into this and are confident in this project.”
Mr. Chen nodded, “Director Guo, there is still one issue.”
“Go ahead.”
“If we proceed with equity financing, the players involved won’t be limited to us alone, but will also include the rchant Bureau and other investors. In such a case, how will the decision-making power be distributed? After all, the investors would expect to exert so influence over the project.”
“Xiao Chen, your concerns are very thorough. Regarding the distribution of decision-making power, our plan is to determine each party’s voting rights based on their investnt proportion.”
Director Guo continued:
“Of course, for certain major issues, we will retain a right to veto to ensure that the overall direction of the project aligns with our strategic planning.”
“What specifically does this veto right entail?” Chen Cheng inquired.
“For instance, matters involving the disposal of core assets, significant strategic adjustnts, and major managerial appointnts would all require the consent of our company,” explained Director Guo.
Chen Cheng nodded, “I understand. Director Guo, another question about the project’s follow-on financing. If further investnt is required, will we prioritize existing shareholders or introduce new investors?”
Director Guo smiled, “Xiao Chen, you ask very practical questions. Regarding follow-on financing, we would give priority to the existing shareholders, providing them with preemptive rights.”
“Of course, if the current shareholders are unwilling to increase their investnt, we would then consider bringing in new strategic investors.”
Chen Cheng mulled this over; Director Guo’s responses were within his expectations.
These terms seed reasonable, yet they also carried potential risks.
For example, the veto power retained by the tourism company could limit the flexibility of other investors.
Also, the follow-on financing approach giving priority to existing shareholders might affect the entry of new investors.
A series of seemingly simple questions, but all very specific.
“Alright, Director Guo. I’ll take this information back and look for a suitable institution,” said Chen Cheng:
“So, about this contract…”
He left his words hanging and gave the decision power to Director Guo.
“Don’t sign it.”
Director Guo stated firmly: “Banna needs to develop, but in a steady phase, not in haste nor for glory.”
“Director Guo’s insights are profound,” Chen Cheng smiled: “So, this information…”
“Take it.”
“Yu Bing, make a copy,” Chen Cheng instructed.
Xia Yubing plugged in her USB drive and copied the assessnt forecast report, “Okay, Mr. Chen.”
Chen Cheng stood up, “Then Director Guo, we’ll stop here. I’m heading straight back to Beijing to handle this.”
“Might be a hassle, Xiao Chen.” The two shook hands warmly, Director Guo continued, “I am confident in your work. Lao Jin’s recomndation is truly extraordinary.”
Chen Cheng laughed heartily, “By the way, Director Guo, I’ve brought so local products from Beijing for you, I’ve already had Xiao Hai put them in your car. They’re precisely what your daughter wanted.”
“Mr. Chen, you are too kind, I haven’t even hosted you properly, and look at you…”
Chen Cheng waved it off, “Ah, the business didn’t go through, but it brought a good friend, that’s a silver lining, right?”
“Hahaha…” Director Guo laughed heartily: “Lao Jin’s recomndation is truly extraordinary!”
…
…
After leaving the tourism company, the four got into the car.
Ah Kun was driving, Chen Donghai sat in the passenger seat.
He turned around, “Mr. Chen, thank you.”
Chen Cheng raised his hand, “The situation is unclear, I can’t let you take this risk.”
He opened his eyes and continued, “Besides, this business obviously wasn’t ant to happen; I was rely doing a favor.”
Chen Donghai took a deep breath, knowing Chen Cheng was speaking the truth.
Compared to Deng Xiong, he felt lucky; if Chen Cheng and Director Guo had insisted on signing, he couldn’t have influenced the outco.
“Relax, it’s fine,” Chen Cheng saw the anxiety in his eyes, “The last two projects you signed were solid, no problems there.”
Chen Donghai nodded firmly.
By his side, Xia Yubing asked, “Honey, shall we head to the airport now?”
Chen Cheng turned his head, “To the airport? Why?”
“Didn’t you just tell Director Guo you’d be ‘heading straight back to Beijing’?” Tong Jialu leaned forward from the back of the MPV, “Aren’t we leaving?”
Chen Cheng laughed, “With the current situation in Beijing so tense, why rush back?”
This comnt surprised Xia Yubing and Tong Jialu, causing them to gasp.
In their eyes, Chen Cheng was always consistent, never one to go back on his word, let alone flip his stance so suddenly as he did now.
Chen Cheng, seeing their shocked expressions, explained with a smile, “We ca here to issue bonds, to make money.”
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