Chen Dong arranged for Ma Guoliang to prepare for the merchants' procurement. Ma Guoliang had a wide network of connections and was much more shrewd than Chen Dong himself.
The next day.
Chen Dong initially wanted to talk to the two of them first, but after thinking about it, he decided to get through this crisis first.
"Have you finished communicating with the media?"
Chen Dong pursed his lips, gesturing for the two to sit down and talk.
In recent days, their planned public destruction of the refrigerators has been proceeding at a rapid pace.
The company lost over a million yuan in costs, and the newspapers publicized Longteng Electronics Factory's poor business practices.
Skilled Management, Ingenious Design!
"A Benchmark for Contemporary Conscientious Entrepreneurs"
...and so on, receiving rave reviews.
What was initially a one-sided barrage of criticism instantly reversed into customer trust in Longteng Electronics, leading to a continuous increase in positive sentiment.
Chen Dong roughly calculated the accounts and found that the losses from the production line had created a significant funding gap, while the construction of the large supermarket urgently required a large sum of money to purchase goods.
On the surface, it seems just like those keyboard warriors, describing their predicament as one of being caught between a rock and a hard place.
However, at this moment, Chen Dong calmly admonished his two partners in his office, ignoring all the speculation and skepticism.
"Dongzi, after we destroy the refrigerator this time, what should we do next?"
Lin Zhiyuan frowned and said, "I heard from Chen Nan that the supermarket you prepared for your parents-in-law is about to open. It's a project that cost tens of millions of yuan. How are you going to proceed?"
Lin Zhiyuan is Chen Dong's brother-in-law, so it's only natural for him to ask a few more questions about Chen Dong's private business.
He was even more afraid that the Longteng Electronics incident would affect the supermarket's operations.
"You don't need to worry."
Chen Dong smiled calmly.
He still has an ace up his sleeve.
More than one.
Many people know about Chen Dong's previous loan application to Li Aiguo, the president of China Construction Bank.
His original intention was to take advantage of the surge in the dollar's exchange rate a few years later, to make the best profit with the existing five million dollars, to make the most of the resources, and then to make a fortune when the exchange rate rose.
The 23 million yuan loan has been used to purchase supermarket properties, as well as underground parking garages and storage warehouses.
Furthermore, they have also spent a considerable amount of money to ensure this in terms of manpower and resources.
Lin Zhiyuan and Hua Zi were somewhat taken aback by Chen Dong's calm and collected demeanor. Chen Dong always thought things through and was always ready to deal with any unexpected situation.
After handling the disposal of the refrigerators, Chen Dong instructed people to keep a close eye on the positive and negative reviews from the media, as well as the market and consumer reactions.
He now needs to focus on supplying goods to supermarkets.
As luck would have it, Ma Guoliang was very efficient and quick in his work. Two days later, he came to Chen Dong with a stack of documents.
"Mr. Chen, here's some supplier information I've collected. Take a look."
“Our supermarket has just opened, so we can’t apply for a higher level of agency. These are the provincial and municipal suppliers who have been reliable and have a stable supply chain in recent years.”
Ma Guoliang wiped the sweat from his forehead and stood respectfully to the side.
Chen Dong carefully reviewed the documents, and after a while, he asked a question.
"By the way, Li Aiguo, do you remember him? Have you been in contact lately?"
"We haven't been in contact, but I've kept track of his recent activities."
"It's time to use the 20 million yuan credit line that China Construction Bank has given us."
Ma Guoliang was stunned when he heard this.
"Where will it be used?"
Chen Dong: "A supermarket! The goods it sells, the equipment it manages, and the sales staff—all of these cost money, don't they?"
Ma Guoliang's heart tightened, and he quickly replied, "Then I'll contact President Li now and ask you to find some time to meet."
"Didn't he say that the processing time would be a bit long? I want him to give me a definite answer as to whether the 20 million yuan can be used."
They had previously agreed to manipulate the funds using banker's acceptances.
On the one hand, it was to give Chen Dong time to recover the funds.
On the other hand, he also wanted to see if there were any loopholes in the new project he had rushed into.
That's how we found it, isn't it?
Accidents happen frequently in the business world.
The production line that Mr. Huang had agreed upon encountered problems during installation, resulting in a significant financial loss for them.
It takes two to tango.
The responsibility doesn't necessarily lie entirely with Lin Zhiyuan and Hua Zi.
As for whether there are any problems with the purchased second-hand production line, it's hard to say right now.
However, this mistake occurred because the two individuals were not careful enough.
Learn from your mistakes!
Chen Dong couldn't possibly pin all his hopes on the sale of a few refrigerators; he had prepared countless backup plans for himself.
Longteng Electronics is still in its infancy, but with Chen Dong's support, its growth is inevitable.
Then, the bigger the tree, the more the wind will blow against it, and the more likely it is to be besieged on all sides.
The real economy and the financial market are completely different things, and there will be more variables.
If you lack foresight, you'll likely end up losing everything sooner or later.
Right now, what they need is a large supply of goods and support. Once the supermarket officially opens, the massive influx of people will lead to a shortage of supply.
Where did the large sum of money come from to purchase the goods?
Chen Dong has a credit line of 20 million yuan from China Construction Bank.
The usefulness of banker's acceptances is far greater than it appears.
"In Pengcheng, this is the only business that can be trusted."
Chen Dong pointed to a document in his hand.
The other party's name was Gu Pan, and judging from her profile, she was a shrewd and calculating person who knew how to run a business.
My dear reader, there's more to this chapter! Please click the next page to continue reading—even more exciting content awaits!
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