mijobooks Chapter 536: Selling the Beauty
Chapter 536: Selling the Beauty
Following the updates on Cola Novels has never been so enjoyable.
After exchanging pleasantries for a while, Jiao Zhiyong suddenly brought up the matter of the banners at the school.
"Ogawa! A Clark Medal nomination? That sounds impressive, otherwise the school wouldn't have put up so many banners like this."
Huang Xiaochuan knew that although Jiao Zhiyong had been a teacher in the Department of Economics, he taught English major courses, so it was normal for him not to know much about some of the awards in the field of economics.
So he briefly explained the origin of the award to Jiao Zhiyong.
After hearing this, Jiao Zhiyong's eyes widened in disbelief.
"If that's the case, then we can win a Nobel Prize someday?"
Huang Xiaochuan sighed and said with a wry smile, "Old Jiao! Can you stop having such wild imaginations? It's just that I've been nominated for the John Bates Clark Medal. Whether I'll actually win is another story. How did you suddenly bring up the Nobel Prize?"
Jiao Zhiyong said with certainty, "You're too modest, Xiao Chuan. Your biggest flaw is that you're too modest. What's impossible? I think anything is possible for you, Huang Xiao Chuan. Of course, you could win a Nobel Prize."
Alright! For the sake of my remaining vanity, I'll just have to listen to what they have to say for now!
June marks the start of the annual plum rain season. Fortunately, this year's rainy season is not as continuous as in previous years, and the sun shines every now and then.
Braving the drizzle, Charlie Cao arrived in Shanghai.
Negotiations with Li Dashao have concluded. Dadao Group acquired the Cyberport project at a very low price. However, in exchange, Dadao Group will collaborate with several Hong Kong banks to provide necessary assistance to Li Dashao in acquiring the telecommunications company.
However, this result was achieved after several rounds of negotiation. If Young Master Li hadn't relented at the last minute, Charlie Cao would have suppressed the acquisition from the secondary market, and Young Master Li would have gotten nothing in the end.
Upon meeting Huang Xiaochuan in the office of Guangda Real Estate, Cao Charlie bowed slightly to Huang Xiaochuan respectfully: "Mr. Huang!"
Huang Xiaochuan gestured: "Charlie, you've worked hard! Sit down and let's talk!"
Charlie Cao remained respectful and said, "Thank you, Mr. Huang!"
After saying that, he sat down opposite Huang Xiaochuan.
Charlie Cho knew that his current status and wealth all came from the person sitting in front of him. Back when he was down and out, he met this person by chance, and his life changed from then on. In less than ten years, he was able to stand on equal footing with Hong Kong's top tycoons. What did he rely on? Wasn't it the benefactor in front of him?
I consulted a fortune teller who said I would meet a benefactor in my life and rise to prominence. It seems that this is indeed the case. However, the fortune teller also said that I must not have any ulterior motives, otherwise I will suffer a bloody disaster. I firmly believe this. I know my own abilities best. If it weren't for this big shot standing behind me, I wouldn't be where I am today in Hong Kong.
"You've done a good job, but you still need to follow up on the follow-up work. The Cyberport project has been completely transferred to another group for operation. We will only retain a portion of the shares and will not participate in the specific operation."
Charlie Cao sat upright: "Okay, I'll be ready to assist with the handover at any time."
After discussing the Cyberport project, Cao Charlie reported another matter to Huang Xiaochuan.
"Mr. Huang! The group has proposed to us the acquisition of 'Baijiali'. They are willing to acquire all of Baijiali's shares with a combination of H&G Group stock and cash. Based on the current market value of H&G Group stock, this acquisition is worth US$2.7 billion."
Huang Xiaochuan considered it for a while. He had started the clothing brand to build a stable cash cow. Now, after years of operation, the brand has become an internationally renowned clothing brand. However, for him, the brand has lost its original purpose, and selling it would not be a good thing.
Moreover, this money can be invested in the expansion of the domestic retail industry, which can create more jobs and help China cope with the competition from internationally renowned retail companies after joining the WTO.
Today, Times Supermarket has expanded to five provinces and one municipality in East China. Although it has closed some stores in some cities due to various operational problems, the number of stores opened far exceeds the number of stores closed.
The rapid expansion training model of 1 to 2, 2 to 4, and 4 to 8 enabled Times Supermarket to quickly cultivate a large number of managers. It was thanks to these managers that Times Supermarket was able to open more than 100 stores in a few years, becoming a giant in the domestic retail industry. As a result, Jiang Bixing became a leading figure in the domestic business community.
However, due to Huang Xiaochuan's insistence, Times Supermarket's labor costs are far higher than those of its peers, resulting in a consistently low gross profit margin. If Huang Xiaochuan hadn't provided it with substantial financial support, it would have been absolutely impossible for Times Supermarket to open more than 100 stores based on its existing profitability.
Selling Baijiali now would generate a large sum of money, which could be injected into Times Supermarket, enabling it to expand its stores throughout the region south of the Yangtze River in China within the next three years.
It also eliminated the need to transfer funds from the United States, thus saving a lot of transaction fees.
After considering it, Huang Xiaochuan replied, "Okay! However, we need to conduct a comprehensive asset assessment of Baijiali ourselves, not just its book assets, but also its brand assets and distribution channel assets. Isn't what H&G Group wants precisely Baijiali's brand and sales channels?"
Charlie Cao nodded and replied, "Okay! When I get back, I'll find several professional asset appraisal companies to conduct asset appraisals, including brand valuations."
After finishing the business, Huang Xiaochuan said to Cao Charlie, "Charlie, I've prepared a courtyard house for you in my hometown. You can take a look at it while you're here. But I need to make it clear to you that you only have the right to use the house, not the ownership."
Upon hearing Huang Xiaochuan's words, Cao Charlie was overjoyed.
I know the "Tantai Villa" project better than anyone else, since I was the one who handled it. Although these properties are no longer under the name of Dadao Group, I know that the boss has no intention of selling them. It is said that apart from the boss's family, the boss only gives them to the people he trusts the most.
I never expected to get such a courtyard house during this trip. Although the courtyard house is in the mainland, having this courtyard house means that I am now an absolute core member of the boss's inner circle.
Cao Charlie immediately stood up and respectfully said to Huang Xiaochuan, "Thank you, Mr. Huang!"
Huang Xiaochuan glanced at him, then said calmly, "I've said it before, as long as you do your job well, I will naturally give you what is due."
Charlie Cao replied repeatedly, "I understand, I understand, Mr. Huang, please rest assured, I know what to do!"