2003: Starting with Foreign Trade

Chapter 287 "Add Money, Mr. Money!"

May 8, Monday, Beicang City Investment Company Headquarters.

"Huh? Mr. Tan didn't bring his sister today? Then I can't give this gift." Xie Junhong said with a smile, looking at Tan Jincheng who only brought his secretary.

Beicang is not a big place, and the circle is also only so big, so it's not surprising that everyone knows about some strange things.

These past few days, Tan Jincheng has been taking his younger sister everywhere he goes. At first, everyone was a little skeptical, but after actually seeing her, they realized it was true.
Gradually, people started buying Tan Jincheng small toys or snacks. On the one hand, it was so that the children could play with the toys themselves without disturbing him when they were discussing business. On the other hand, it was also a way to befriend Tan Jincheng.

Everyone has a weakness, but honestly, it would be quite difficult to befriend 20-year-old Tan Jincheng and secure some business from FlashTech. This guy is known for his poor alcohol tolerance and generally doesn't accept invitations to banquets.

When it comes to exchanging gifts, on the one hand, you may not have the money to buy something that suits his taste; on the other hand, Tan Jincheng's business is relatively modest. Logically speaking, with his wealth, he could easily afford a luxury car worth several million, but he still drives that A6.

His attire was also quite "simple," and he was wearing a Longines watch, which was said to be a gift from his girlfriend.

He doesn't like eating, drinking, or having fun, and he has a fixed girlfriend, so it's usually quite difficult for him to take the initiative to break through. But now that I know he has a younger sister who is very much loved, isn't that a great opportunity to break through?

As the saying goes, "Give a peach and receive a plum in return," and as a minority shareholder of FlashTech, Tan Jincheng fully respected the interests of shareholders during the group's restructuring process. Xie Junhong, like everyone else, also prepared a Barbie doll for Tan Jinyue.

He paid for it out of his own pocket; hey, he really didn't know it was so expensive before he bought it.

"It was all just a joke. My parents went on a trip a few days ago, and my mom came back yesterday," Tan Jincheng said with a helpless smile.

Actually, Tan Jinyue also wanted to come along today. The little girl had such a wonderful week. She went to many places she had never been before, met many people, and received a lot of gifts and snacks.

Everyone was very kind to her. On the first day she went to the cafeteria, they didn't show any special treatment, but on the second day, some of the girls in the company threw some lollipops or other snacks on the table to amuse her.

The life of screwing in screws is too boring. Suddenly, a cute little girl appears in the company. The young people all want to tease her. The bolder ones even pinch her little cheeks when Tan Jincheng is not paying attention.

Yes, I'm talking about Zhao Xinyi; no one else has that opportunity.

"I see. Mr. Tan is quite filial, letting his parents go on a trip by themselves while you help take care of the children," Xie Junhong nodded.

He then added with a laugh, "But Mr. Tan still has to take that doll back with him later. We don't have any girls in our family, and my son is quite grown up. If he takes a doll home, he'll probably make a scene."

After saying that, he pointed to the Barbie doll placed in the corner of the conference room.

Tan Jincheng smiled and said, "Okay, then I'll thank this handsome uncle on behalf of my little Jinyue."

"Haha, I'm getting old. When it comes to handsome, you still have to be Mr. Tan. Didn't the internet say you're the most handsome post-80s entrepreneur?"

"There's too much nonsense online; don't take it seriously."

"But those financial magazines online are all predicting that Mr. Tan's FlashTech will make some big moves in the next two years. Is conglomeration just the beginning?"

Now we're getting to the main point.

"That's right, you're not wrong about that. FlashTech will also build a second phase project and a battery factory in the future. Also, what I said at the Olympic Games signing ceremony about developing our own motors and controllers is true. However, I prefer to acquire them because it would be faster."

“Yes, that’s right. Some things don’t have to be done by ourselves. It’s better to acquire companies and improve our supply chain through capital. Mr. Tan’s idea is good.” Xie Junhong nodded in agreement.

As a local government financing vehicle (LGFV), LGFV is all about investment. Xie Junhong understands how to leverage capital better than Tan Jincheng. For things like building industrial bases, there's no other way but to build your own factories. However, for other supply chains, it's better to acquire or invest in them.

Even with batteries, if FlashTech were to develop lithium batteries independently and instead want to build the mainstream lead-acid battery market, acquiring shares would be much more convenient.

The growth and expansion of a company, simply put, is about integrating the supply chain and mobilizing its full potential. Capital operations can play a significant role in this process.

The way FlashTech partnered with its plastic parts supplier, Mingcan Plastics, to establish a new company was quite good.

Although the young man in front of him only has a high school education, he is quite capable of running a business. As for the rumors circulating online that he has a powerful backer, Xie Junhong, as someone in the know, knows that it's all nonsense.

FlashTech has been able to get to where it is today partly because it was lucky. The district needed such a project to drive and integrate the entire industry chain. Strong electric vehicle brands in Zhejiang Province were unlikely to move to Beicang District, so supporting local brands was necessary.

On the other hand, it relies more on his talent, diligence, and good learning attitude.

"What exactly does it mean that President Tan sent the financial reports of his companies to Beicang City Investment? Is there anything Beicang City Investment needs to cooperate with?" Xie Junhong got straight to the point. He had been to the district before, and the district had expressed that as long as Tan Jincheng's requests were not too excessive, they hoped that the city investment would cooperate as much as possible. However, they still did not reveal that Tan Jincheng had any plans to get into the car business.

There's no other reason than that the timing isn't right yet. The Zhongtai Beicang factory hasn't been established yet, and the more people who know about it at this time, the more danger there will be.

Currently, this plan is only known to three people in Beicang District, including Tan Jincheng.

"I want to spin off Hangxin New Energy and transfer some of the shares that FlashTech holds in other companies to ByteDance. FlashTech will then focus on the production and sales of electric vehicles, including exports."

Hangxin New Energy is currently the controlling subsidiary of Shanchi Technology. Other companies in which it has invested and holds shares include Mingcheng Industry and Zhongtai Auto. If these were separated and placed under Juxing Engine under Tan Jincheng, they would become Tan Jincheng's personal assets.

The compensation given to FlashTech was merely an export business, which was clearly not sincere enough, and Xie Junhong knew that it would definitely be more than that.

"And then?" Xie Junhong asked with a smile.

Although a 5% shareholder represents a small percentage, it is actually considered a major shareholder. Regardless of Beicang City Investment's background, Xie Hongjun knew that given Tan Jincheng's proactive submission of financial reports, he wouldn't do anything to harm the interests of shareholders.

“Then Beicang City Investment can exchange 5% of its shares in Flash Technology for shares in the group’s parent company. The specific percentage can be discussed with President Xie.” Tan Jincheng said with a smile.

The meeting room fell silent. Neither of them had brought their secretaries; this was a private discussion.

Xie Hongjun hadn't expected Tan Jincheng to offer such a huge pie. The shares in the head office were different from those in the branch offices. This was a complete industry chain, which even included Tan Jincheng's personal assets of 100 houses.

Even if you only own 1% of the shares in the head office, you can still get money from those houses!

Although he couldn't understand whether the other internet company could succeed, it had already earned 800 million yuan in revenue in its first month of operation last month. This was enough to guarantee that the company wouldn't go bankrupt within two years, so they could do whatever they wanted with it.

The internet industry is also an emerging industry. Since Tan Jincheng has decided to enter it, he must have seen some trend and wants to try his luck in it. If he succeeds, he can live off his profits for three years without making any business.

If it doesn't work out, that's okay too. The revenue of 800 million yuan is enough to ensure that Orange Technology will not suffer losses.

Another company is Hangxin New Energy, which researches lithium battery projects. If the research is successful, it will be a huge piece of meat. Although it has been separated from Flash Technology, it still holds shares in the parent company, which means that its interests have not been harmed.

Zhongtai Auto and Mingcheng Industry are both industries with very promising prospects. Beicang City Investment is not losing money; it's giving away money.

"Mr. Tan, you're not joking, are you?" Xie Hongjun couldn't help but ask.

Then, she jokingly added, "Or perhaps my Barbie doll won over Mr. Tan's heart?"

He couldn't help but believe that with the participation of the entire industry, this pie was huge, almost like a windfall.

"Haha, Mr. Xie, you can think that way. It is an honor for me to have the head of Beicang City Investment buy a gift out of his own pocket. Besides, I really don't need to joke with you on such an important matter."

"However, FlashTech's 5% stake can definitely not be exchanged for 5% of the parent company's shares."

Xie Junhong smiled and nodded: "I understand that. 5% is not the same as 5%."

Before Xie Hongjun could finish speaking, Tan Jincheng added, "Unless you pay more!"

Xie Hongjun was taken aback for a moment, then immediately said, "Add, definitely add. We don't need much, 5% will do."

Xie Hongjun then realized that Tan Jincheng had come to raise funds, but how could he let such a good opportunity slip by? Beicang City Investment had no shortage of money.

The group encompasses electric vehicles, automobiles, lithium batteries, the internet, and investments. It also has a robust import and export business with ample cash flow and strong growth momentum. Flash Technology is already showing signs of being ready for an IPO.

This is definitely a model of a large company. It might just become another Shenzhou Group in the future!
"Then it's settled. We'll discuss the amount of investment based on a 5% shareholding. Mr. Xie, please don't try to push the price down too much."

"No problem, but let's leave this to a professional auditing team."

"I think so too."

(End of this chapter)