Chapter 462 Gambling Agreement
A few minutes later, Lin Siqiao met Mr. Adam, the head of HSBC.
With the help of old classmate Xu Weijie, the atmosphere of the meeting between the two sides was quite harmonious.
After exchanging pleasantries, Adam smiled and said, "I didn't expect that Miss Lin and Special Assistant Xu are actually classmates. So, it seems that you are also my junior schoolmate."
Before, he only heard from his subordinates that a company from a country wanted to borrow a large amount of money, and he didn't know the rest of the situation.
He asked Lin Siqiao to explain the situation first, and he would definitely help within his ability.
Lin Siqiao was in a hurry so he didn't bother to be polite with him and directly handed over the prepared documents.
There is not much information, only five or six pages in total, but they are all real data.
Being able to multiply its assets several times within two years, anyone who reads this information will not dare to underestimate Huaxing's strength.
Mr. Adam is no exception.
It was only after learning that Lin Siqiao wanted to borrow 200 million yuan.
The atmosphere in the office suddenly became solemn. Seeing Mr. Adam frowning and not saying anything, Lin Siqiao was not surprised.
She had already encountered the same thing twice this morning.
Just when she was about to say something, Mr. Adam gave her an unexpected answer. To be precise, he pointed out Lin Siqiao's current predicament.
He admitted that Lin Siqiao's vision in investment was indeed unique, and with someone like her at the helm of Huaxing, it was only a matter of time before it went public.
But the problem is that the project she wants to invest in this time is in Hong Kong City.
He had just looked through the project plan given by Lin Siqiao. For some reason, Mr. Adam always felt that Lin Siqiao's project plan was not up to standard.
Perhaps she didn't know Hong Kong well enough.
It is also possible that her life has been too smooth, so she has lost some awe of the investment market.
In short, this project proposal does not meet Adam's standards.
At this point, Mr. Adam said frankly, "Ms. Lin, to be honest, the amount you borrowed is not a small amount. There are not many banks in the entire Hong Kong city that have such a large cash reserve."
"And from what I understand, the risk of the project you are going to invest in is much higher than the stock market."
"So, as far as the project you are going to invest in this time is concerned, I am not optimistic about it."
"If possible, I still hope you can think twice before doing anything."
Having said that, it was actually a disguised rejection, which Lin Siqiao could understand very well.
"Thank you, Mr. Adam. I will consider what you said carefully..."
"No, no, no, Miss Lin, I haven't finished what I'm saying."
Adam interrupted her and said with a smile, "What I said before only represents my personal opinion. If Miss Lin insists, our bank can also lend you the money."
When these words were spoken, everyone present was stunned.
Lin Siqiao was also quite surprised to hear this. As Mr. Adam said, 100 million Hong Kong dollars is not a small sum of money. Even though he was not optimistic about the future, he was still willing to invest this money in himself.
Lin Siqiao didn't believe that the other party didn't have any additional conditions.
Sure enough, just as Lin Siqiao asked the question in his mind, Mr. Adam took out a sample agreement from the safe.
"Ms. Lin, your company's legal department is here today. You can take a look at this first. I'm going to the bathroom first. Please help yourself."
As he said this, Mr. Adam stood up, gave Xu Weijie a look, and the two of them left the office one after the other.
The moment the door closed, Yan Weiren said, "Boss, you must not sign this."
"Is there any problem with this contract?"
Li Jiachen was a little curious. "Normally when a contract comes to you, you always study it for a long time. But this time you only looked at it for less than five seconds. How can you be so sure that this contract cannot be signed?"
"Of course we can't sign it. This isn't just any contract. It's a ratchet clause!"
Li Jiachen was really confused. "What is a ratchet clause? How come I have never heard of it before?"
Yan Weiren didn't bother to argue with him. After organizing his words, he explained to Lin Siqiao.
This clause is also known as a supplementary agreement and is usually only used by listed companies when raising funds.
Afraid that Lin Siqiao might not understand, Yan Weiren used her as an example.
"It's like now, boss, you are short of money and want to ask the bank for a loan, but the bank as an investor is not optimistic about the project you invested in."
"In order to protect their interests, the investors will bring out this agreement for you to sign."
"What's wrong with this?" Li Jiachen still didn't quite understand what he heard.
"Of course not."
Yan Weiren said, "Do you think they are so kind? To put it bluntly, the content of this agreement is that the investors are assigning tasks to the boss, and the boss needs to meet their requirements within a limited time."
Based on Yan Weiren's many years of experience as a lawyer, the investors will most likely ask the boss to increase the net profit of the two terminals to a certain level within the next three to five years.
The return on investment plan is either equity repurchase or cash compensation.
In other words, if the boss completes the task, both parties will be happy, and the bank will make a lot of interest for free.
If it cannot be completed, the bank can file a lawsuit and take the boss to court.
At that time, not only will the boss have to pay a large amount of liquidated damages to the other party, but he is also likely to lose control of Huaxing.
After he said this, Lin Siqiao roughly understood. In later generations, people called this a gambling agreement.
What is scary is that foreign capital is gradually eroding China's economy through this method, and at the same time it has also destroyed many national brands.
On the other side, Mr. Adam was standing in front of the floor-to-ceiling glass window with a cup of coffee, overlooking the entire Victoria Harbour.
Xu Weijie reminded after glancing at the time on his wrist.
"Boss, more than 40 minutes have passed. Should we go back?"
"Don't worry, draft the contents of the agreement first."
As he spoke, his tone was unable to conceal his excitement. "What do you think I should set for the net profit? How about 30%? In fact, I think 40% is not bad either."
Xu Weijie lowered his eyelids, and after hesitating for a long time, he said, "Boss, isn't this a bit too much to ask? It's difficult for those two docks to make a profit of 10%. How about setting it at 15%?"
In fact, given the current situation in the port city, it is almost impossible for the container terminal to make a profit of 5%.
If it could really make money, the jewelry tycoon who bought the Blue Chimney Warehouse Terminal would not have spent a huge amount of money to demolish it.
"You are still too soft-hearted. You have to remember that we are businessmen, not philanthropists."
"For us, profit is the most important thing."
"And your soft-heartedness will only affect the speed at which we make money. Do you understand?"
Xu Weijie remained silent at this time.
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