freenovelworld Chapter 566 Borrow some money
Chapter 566 Borrow some money
Guan Xiong sat on the sofa with a solemn expression. One hundred and fifty million, only one hundred and fifty million left!
He frowned and waited for a long while before speaking to Yu Hao.
"Another sum of money has come into Jitu Express's account, at least over 100 million..."
Yu Hao stood up suddenly, his eyes wide open, looking at Guan Xiong in disbelief. Guan Xiong had just said that Jitu Express had only obtained a mortgage loan and was now struggling to survive, just drinking poison to quench thirst.
But if we say that this amount of money is at least over 100 million!
That means that even if Dexin Logistics wins in the end, it will still fight with Jitu Express and both sides will suffer losses!
The customer base of Dexin Logistics itself is much larger than that of Jitu Express. With the same 40% discount, they will naturally lose money faster than Jitu Express.
"Where did this money come from?"
Yu Hao frowned.
Guan Xiong shook his head: "There is no need to dwell on this matter. Now we only have 150 million left in our account. Under normal circumstances, if we maintain the 40% discount policy, we will have to spend at least 6 million a day if we continue to lose money!"
"In twenty-five days at most, there will be no money left in our account!"
"In other words, if we can't come up with the money, Dexin Logistics may soon go bankrupt."
Yu Hao took a deep breath. Although he had thought about this matter before, he never expected that it would happen so suddenly and so quickly.
Is it true that Jitu Express is invincible?
Their Dexin Logistics had more than 400 million yuan in funds in its account, but now only 150 million yuan is left. And Jitu Express is not moving at all?
Guan Xiong looked at Yu Hao with bloodshot eyes. He had actually anticipated that this fight was meaningless from the very beginning. If he could go back in time, to a month ago, he might make a different decision!
But now, it's too late to say anything.
Either continue to fight and eventually win against Jitu Express, or surrender now and watch Jitu Express snatch away more than 80% of the customers in Chuncheng City.
By then, Dexin Logistics would be forced to lay off employees, reduce its scale, and barely survive.
Not to mention being the No. 1 logistics company in Dongjiang Province, even whether the more than 100 stations in Chuncheng City can be maintained is still an unknown.
He already had no way out!
"Think of a way, think of a way, see where I can borrow money from..."
Guan Xiong looked at Yu Hao.
Yu Hao was silent for a while. In fact, he understood that withdrawing from this meaningless fight now was the right decision.
But if we withdraw now, the sunk costs will not be borne by anyone in Dexin Logistics, not even Guan Xiong!
So we can only fight on!
The price war, which was originally dominated by Dexin Logistics, has now been pulled into a comfort zone by Jitu Express!
I thought I was confident that victory would be a certainty, but now it has become unclear who will win.
The world is always turning upside down, the situation is uncertain, and who can say that they are sitting firmly on the Diaoyutai?
"If we want to get the money now, we can only follow the old path of Jitu Express!"
"On the one hand, we can mortgage our shares of Dexin Logistics and continue to borrow money from the bank. In this regard, I have estimated that according to the current situation of Dexin Logistics, we can borrow 100 million, which is very good!"
"It's very likely that the bank will think that we are too risky and will only be willing to lend us 30 to 50 million!"
Guan Xiong nodded. This was within his expectations. Dexin Logistics was now spending money to expand its market. Judging from the revenue, it would be good if it could make less losses, let alone profits.
Every bank would have to think carefully. Even if he had a good relationship with the heads of several banks, it was hard to tell how much money he could borrow just by mortgaging shares in such a risky situation.
"300 million or 500 million is definitely not enough..."
"If we can raise another 100 million yuan, I think it will be easy to beat Jitu Express!"
Yu Hao frowned.
"Judging from the company's operating conditions, we probably won't be able to borrow 100 million yuan."
"But Mr. Guan has been in Chuncheng for so many years, and his reputation is pretty good. If you borrow money from a bank or a company in your personal name, let alone 50 million, even 80 million should not be a problem."
"When the time comes, you can double the interest and lend it to Dexin Logistics."
"When the price war with Jitu Express is over, you can just return the money."
Guan Xiong frowned slightly. He had been in Chuncheng for so many years, so naturally he had many friends. But usually, these people always asked him to lend them money to get through the crisis. When had he ever asked them for help?
As soon as he opened his mouth, even a fool would know that the situation of Dexin Logistics was not good.
The later you borrow this money, the harder it will be to borrow it.
The current situation is that everyone is happy because they have won against Jitu Express, but if they lose, Guan Xiong dare not even imagine the consequences.
But hundreds of millions have already been invested, and now Dexin Logistics still has a large number of customers. If we continue to fight, we may not lose. No, it’s not that we may not lose, we will definitely win!
"Regarding the mortgage, please contact the bank..."
"I'll talk about the rest."
Guan Xiong took a deep breath. After all, this was a business he had founded and had run for more than 20 years. How could he bear to burn it down?
Keep fighting and you will definitely win!
Can't fall before dawn!
Isn't it just borrowing money? He is risking his reputation and just opening his mouth. Is it a problem to borrow tens of millions?
Su Yang thought that he was the only one who could borrow money. He had been in Chuncheng City for twenty years, but now he couldn't borrow money?
Yu Hao was silent for a few seconds and finally nodded. Although this operation has certain risks, Dexin Logistics, which has received 100 million yuan, cannot possibly lose to Jitu Express!
Adding the original 250 million in the account, defeating Su Yang is almost a sure thing.
When the time comes, just return the money to Guan Xiong with interest.
After Yu Hao left the office, Guan Xiong picked up the phone on the table, leaned back on the sofa, found a number, and dialed it with a smile.
The phone rang a few times and was answered.
Guan Xiong thought for a long time but didn't know how to start.
A burst of laughter came from the other end of the phone: "Brother Guan, we haven't gathered for a while. You've been very busy recently. I heard that your Dexin Logistics is going to become the number one logistics company in Dongjiang Province. That kid Mo Siyuan will have to follow you around!"
"You are still as charming as ever!"
Guan Xiong could only smile bitterly and said, "It's all just empty reputation, just empty reputation."
"With such continuous price wars, the foundation of Dexin Logistics is about to be hollowed out!"
"Old Liao, I'm going to be frank with you..."
"Borrow some money!"
There was a silence on the other end of the phone, and Lao Liao gave a bitter smile: "Brother Guan, you know that I have a small family and a small business, and I really don't have much more."
"But since you rarely ask, how about this, I'll transfer 10 million to you right away..."