I Treat You as My Sister, But You Want to be My Wife?! -
Chapter 318: Looking for a Partner_1
Chapter 318: Chapter 318: Looking for a Partner_1
The next morning.
Shen Dong drove to Chen Yuting’s rented apartment complex, picked up Chen Yuyan and Chen Yuting, dropped Chen Yuting off at the jewelry store where she worked, and then headed to Dongyan Media with Chen Yuyan.
On the way, Chen Yuyan discussed the matter and asked, "Honey, will you come with me to watch over Yuting during the meeting, what do you think?"
Shen Dong was somewhat reluctant, "I don’t think it’s appropriate for me to go, is it?"
Chen Yuyan said, "What’s inappropriate about it? I think it’s perfectly suitable. This way, we can test if that person truly likes Yuting. You don’t want Yuting to end up with some jerk, do you?"
Shen Dong, feeling helpless, replied, "Alright then."
...
Eleven o’clock.
Feng Lijuan went out to buy groceries.
She had nothing to do and didn’t wake up until ten o’clock.
Liu Chao had already woken up and left early.
Liu Chao didn’t want to get up so early, but there was an executive meeting in the morning, and he had to be on time for work.
Being a president is not easy.
As Feng Lijuan stepped out of the residential complex, she noticed a small tent nearby, with a folding table and chairs inside, and some materials on top.
A middle-aged man sat on a chair, his face etched with worry.
The tent displayed a red banner with large characters: Looking for Partners!
Driven by curiosity, Feng Lijuan approached.
"Hello, miss, take a look. If you’re interested, you can invest and become a partner of my company," the middle-aged man said, his eyes lighting up as he saw Feng Lijuan come over, and he immediately stood up to greet her.
"Become a partner of your company?" Feng Lijuan asked curiously.
"Yes, please take a seat, and I can introduce you to the details," the middle-aged man gestured invitingly.
Feng Lijuan nodded and sat down.
"Miss, my name is Peng Kangmao, the founder of Rongchuang Company. May I ask what to call you?" the middle-aged man introduced himself.
"My surname is Feng," Feng Lijuan responded.
"Miss Feng, here’s the situation. My company manufactures fitness equipment and has always had a very stable customer base. We are able to maintain steady profits every year, with net profits over three million. But lately, there was a family emergency that required a lot of money, resulting in our cash flow nearly breaking. Thus, I have no choice but to seek partners this way, to see if anyone is willing to invest in the company," Peng Kangmao briefly explained.
"How much funding do you need to overcome the crisis?" Feng Lijuan asked.
"One and a half million," answered Peng Kangmao.
"Just one and a half million? Do you really need to find partners to invest for that amount? As the boss, don’t you have wealthy friends? Can’t you borrow one and a half million?" Feng Lijuan questioned skeptically.
After all, as a boss, he should have some friends who are also business owners.
The company has a steady customer base, and the annual net profit is over three million, so borrowing one and a half million shouldn’t be hard.
Is it really necessary to go to such lengths to find partners?
"I have wealthy friends, but they are not willing to lend to me. As you know, when it comes to money, friendships in business circles just aren’t the same," Peng Kangmao said with a sigh.
"Your company has a net profit of over three million each year. Even if friends won’t lend to you, can’t you get a loan from the bank?" Feng Lijuan added.
"Miss Feng, how could I not know what you’re suggesting? I’ve already taken out loans from the bank, mortgaged company equipment, and my family’s property. Now I can’t get any more loans from the bank. It’s not just about borrowing one and a half million, the bank won’t even lend me one hundred and fifty dollars," Peng Kangmao said bitterly.
"It couldn’t be that bad, could it?" Feng Lijuan was somewhat incredulous.
"Miss Feng, it’s true, otherwise I wouldn’t be out here looking for investors to buy shares," Peng Kangmao said with bitterness.
"If I invest one million five hundred thousand, how many shares would I get?" Feng Lijuan asked.
She wouldn’t just invest so readily, but would need to see the other party’s company and their business license.
Only after confirming everything was in order, would she invest.
Having been deceived twice before, she had learned her lesson and wouldn’t be easily fooled again.
"Twenty percent of the shares," Peng Kangmao said. "If it were normal times, I would definitely not offer such a high percentage of shares, but now I have no choice. If I can’t raise one million five hundred thousand, the company will go bankrupt."
Feng Lijuan did the math in her head, investing one million five hundred thousand for a twenty percent share.
The net profit every year was at least three million.
Every year she could get a dividend of more than six hundred thousand, and within less than three years she would have her investment back.
After three years, without doing anything, she would have an income of over six hundred thousand a year.
It seemed like a very lucrative investment.
Of course, she knew that doing business came with risks.
It was possible that, at any moment, the company might not do well, and that would mean a loss.
"Miss Feng, I see you’re interested in investing, how about I take you to see the company?" Peng Kangmao asked.
"I have some questions, and I hope you can answer them truthfully," Feng Lijuan nodded in agreement.
"No problem, ask away," Peng Kangmao said.
"What I want to know is, first, whether your company really makes three million in profit every year, and second, whether it can maintain such a profit and continue to develop in the future," Feng Lijuan voiced her concerns.
"Miss Feng, I’m glad you’re asking such questions; it shows that you’re truly interested in investing and might become my partner, otherwise you wouldn’t be asking these questions."
"Let me answer you now. For the first question, whether we really have a net profit of three million every year, I can let you inspect the accounts. My company’s financial records are clear and precise; they are the basis for tax payments and can’t be fabricated."
"My company has been established for eight years now. The profits were slightly lower in the first three years, just a few hundred thousand, but after finding a few major clients in the following five years, the profit rose to more than three million a year."
"This brings us to your second question."
"These major clients have been cooperating with us for five years and are very satisfied with our partnership. It is possible for us to continue this cooperation, which ensures the profit," Peng Kangmao responded.
"There are still significant risks if those clients stop cooperating, then the company would have little profit," Feng Lijuan said.
"Miss Feng, we will try our best to maintain client relations. However, if for some reason they cease to cooperate, there’s nothing we can do about that. We are continuously expanding our business, and the company is gradually developing. I believe that the future will be even better, not worse. Of course, investing in shares does involve certain risks. If you don’t want to take any risk at all, then it wouldn’t really be investing; you might as well just deposit your money in the bank, don’t you think?" Peng Kangmao said.
"That is true," Feng Lijuan nodded in agreement.
All investments carry risks.
To obtain good returns, one must be willing to take risks.
Otherwise, the only option would be to deposit money in the bank and earn interest.
She didn’t want to just deposit her money in the bank and live off the interest; it wouldn’t be enough for her expenses.
She had to think about the future. The best scenario would be to find a project that could generate a steady stream of income.
Moreover, one where she didn’t have to worry herself, but could have others make money for her.
This project in front of her seemed to fit that bill perfectly.
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