Although Zhao Shanhai did not understand Xing Baohua's intentions, he still sent someone over.

He's much less worried about being a factory manager now than before.

There's no need to worry about the products produced, nor about funding, and there's no need to manage a small group of two hundred people.

The wages were paid on time, and it wasn't nearly as chaotic as when I was the factory manager in charge.

I couldn't figure out what was going on for a while.

Xing Baohua hosted a banquet at the city hotel for the appraisers from Citibank.

They're all from Hong Kong, so let's have dinner first and then talk business.

After lunch, we had tea in Xing Baohua's reception room.

Holding a data sheet, the assessment team manager looked somewhat embarrassed and said to Xing Baohua tactfully, "Mr. Xing, is it really that difficult for DaMi Electronics Factory to secure a loan of 500 million US dollars?"

"You mean the rice isn't worth this much money?" Xing Baohua said with a cold snort.

"No, the rice brand is still valuable, but the actual fixed assets don't reach that level. The rice company only has the factory. Besides fixed assets, there's nothing else of value. You've extracted the key core value," the manager said with a wry smile.

Before their evaluation, I thought the rice was being evaluated as a whole, with numerous patents involved.

Unexpectedly, Xing Baohua also spun off the core rice technology and other profitable businesses.

The laboratory has been acquired by HK Holdings, and with Xiaobomei recently working on splitting up the accounts, these evaluators are seeing transparent accounts.

It's all worthless stuff. To put it bluntly, it's just land, factories, and production lines. Even if the total value of these things reaches five hundred million US dollars, it will be calculated in half.

The rice brand, in terms of influence, only has a little bit of fame now.

Citibank ultimately gave an assessment of $200 million, but to reach $500 million, Xing Baohua would need to offer more.

Core technologies cannot be mortgaged; don't assume these bank guys are all good people.

When they assess value, they will review your technology.

The technology was leaked after the device passed their review, resulting in huge losses.

Even if you sign a confidentiality agreement, it's all for nothing.

Subsequently, Xing Baohua personally called Citibank and said that if they wouldn't grant him a loan of 500 million, he would approach Standard Chartered or other foreign banks.

Citibank didn't want to lose such a potential client, so they negotiated with Xing Baohua to find a company or one of his technologies to serve as collateral.

Five hundred million is no small sum; Hong Kong doesn't have the authority to issue loans there, only headquarters can approve it. With just a token gesture, they'll definitely help Xing Baohua get the funds.

Finally, Xing Baohua used 10% of Hainan Holdings as collateral to barely secure a $500 million loan.

The term is five years, and the rice company will have to repay $100 million in principal and interest every year.

After the loan is disbursed, you will know that the money is deposited into Xing Baohua's foreign exchange account, and then the Financial Bureau will exchange it for local currency and transfer it directly to the company's account.

The Financial Bureau doesn't care whether it's from loans or earned money; as long as it's foreign exchange coming in, they'll happily receive you.

Moreover, the exchange rate is slightly higher.

After deducting handling fees, Xing Baohua received at least 2.8 billion yuan from this $500 million loan.

The four major banks were extremely envious.

Even if I regret it, I don't have the guts. We're all just working for someone else; there's no need to take risks for our future.

The municipal government office heard that Xing Baohua's loan application had been successful and called to inquire about it.

Ask if the electronics factory is facing any difficulties.

Xing Baohua suddenly felt like a cat crying over a mouse, or a weasel offering New Year's greetings to a chicken.

Why didn't you do this sooner?

Even if there are difficulties, Xing Baohua doesn't want to talk about them.

For now, it's best to politely say no, and that they can handle it themselves.

After hanging up the phone, Xing Baohua realized that he couldn't expand any further; he needed to stabilize the situation first.

We can't just expand our scale recklessly to meet market demand.

Let history serve as a lesson! Back then, there were three famous wine companies in eastern Shandong: Kongfujia and Yan (the two were from different manufacturers and had different brands, but they were also closely connected). The second was Qinchi.

These three companies dominated the central bank's bidding wars starting in 1993, and by 1995, Qinchi had invested over 300 million yuan.

It's become a hit; it couldn't possibly not be! They've poured real money into it.

Production couldn't keep up with demand, and the goods were so popular that even with cash in hand, suppliers couldn't get their orders.

They could only resort to deception! They imported alcohol from other places to adulterate it. Back then, Sichuan liquor cost 3,000 yuan a ton, but when bottled, it was sold for 30,000 yuan a ton.

Some wine connoisseurs noticed that the wine didn't taste the same as before and told the media that it was adulterated with alcohol.

After the exposure, its reputation was ruined. Forget about the market; it's a miracle if no one is universally condemning it.

Shandong liquor brands are only famous in their local areas; they don't really stand out when it comes to national rankings.

Shandong liquor has a long history, so why isn't it famous? It's not that it lacks historical significance; the old fermentation pits still exist, and the area boasts beautiful mountains and clear waters with sweet spring water. With all these advantages, why isn't it among the top ten famous liquors?

The blame should lie with King Xuan of Chu for saying: "The wine of Lu is weak."

When market demand is too high, one should not expand blindly. Alcohol can be blended with other alcoholic beverages and then released to the market.

However, it's easy to expand in the electronics industry; just authorize more electronics companies, and you can also boost other factories.

By the way, the best app for reading aloud right now is Yeguo Reading (yeguoyuedu). Install the latest version.

Without a sound management system and quality inspection, the yield rate cannot be controlled, and those electronic products with quality problems will be sold on the market.

This would damage their reputation. Xing Baohua wants to build a long-term, large-scale brand, not just a one-off business.

We will stabilize for two years before expanding, while simultaneously cultivating talent within the management hierarchy.

Management system?

Xing Baohua immediately thought of two of the world's most famous management systems.

One is Motorola, and the other is IBM.

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