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"How is the situation with group meals in Haiyang City and other prefecture-level cities recently? Has it stabilized?"
"No. Although Xu's Catering is a new company that has been established for less than half a year, it has a strong core competitiveness, especially in Haishi. Relying on local policies, it has won orders for nearly 30,000 boxed meals, and its basic business is very solid."
Aside from Shanghai, most of the companies in other cities that partnered with Xu's Catering... well, it seems there's some peculiar reason why none of them are willing to budge.
Fourteen middle schools in Zhuzhou City, three large chain medical institutions in Jiangyuan City, five factories in Huijiang City, etc.—each time I visited them, no matter what conditions I offered, they would politely refuse, and some even refused to see me at all.
Why----
Upon hearing this, the man sitting at the head of the conference room sighed subtly. Just as he was about to say something, the conference room door was suddenly knocked on. The door creaked open, revealing the company's big boss!
"Boss!" Everyone stood up in unison to greet him. The man at the head of the table immediately pushed his things to the side and quietly gave up the main seat.
"Don't be so nervous. I just came to see how everyone's discussion is going. Have you reached a conclusion?" The last question was directed at the man who had just taken the seat of honor.
"Not yet." The man who had just sat in the head seat shook his head slightly and said, "Xu's Catering has developed too rapidly. If we were to acquire it, we would have to spend at least hundreds of millions of yuan, which would be too much of a burden for our company."
Moreover, companies that have built themselves to this scale from scratch and are still rapidly expanding are generally unlikely to accept acquisition.
"You've investigated Xu's Catering's assets, but have you checked Xu's Catering's debts to the banks?" the big boss reminded him.
"debt?"
"Yes, the owner of Xu's Catering doesn't have any connections, nor has he sought external financing or investors."
The company's expansion and development funds were primarily obtained through loans guaranteed by financing companies. Xu's Catering's headquarters were mortgaged, and the newly purchased land was also mortgaged.
Based on Xu's Catering's expansion rate, it's estimated that they have no more than 100,000 yuan in readily available working capital.
After the big boss's detailed explanation, the correct answer had already appeared in everyone's minds.
They may not be able to prevent Xu's Catering from applying for a loan through normal and compliant means, but with the connections they have built up over the years, they can easily create obstacles and delay a loan application that would normally take half a month or a month to three months or even half a year!
While delaying the loan application, they also joined forces with other catering companies to squeeze their living space, and finally poached employees from their company.
With this combination of moves, Xu's Catering will either survive or be crippled.
Cough—cough cough—
The big boss coughed twice to draw everyone's attention to himself before leisurely saying, "Besides that, there's also a listed company in Haiyang Province that will cooperate with us to crack down on Xu's Catering!"
Although the CEO did not explicitly name the listed company, after excluding unrelated listed companies in sectors such as energy storage, energy conservation, apparel, graphite, papermaking, and subways, there are only four listed companies related to the catering industry.
Of the four listed catering companies, two are located in Shanghai, one of which is in the seafood business. The answer is self-evident.
(End of this chapter)
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