Siheyuan: Taking over the steel mill

There was no need for Su Chen to take over this company that was clearly on the verge of loss and closure. If it was Yang Xue, she would not even consider taking over this mess.

She knew that it would be difficult to save such a troubled enterprise with her own abilities; however, Su Chen showed her another prospect.

What she could hardly imagine was that Su Chen not only brought this old factory back to life, but also won an astonishingly large contract. Yang Xue calculated it many times with pen and paper, but still felt like she was dreaming.

Even though Yang ** was a member of a large corporate group and had seen a lot, he had never seen such a huge amount of economic benefits. Even the cash flow of their entire team was just like this.

However, even Yang Xue couldn't believe that a single order could reach such an astonishing amount. Su Chen excitedly picked up Yang Xue and happily spun around the room.

Yang Xue was shocked and proud - she was right! In a surge of emotions, she couldn't help but leave a passionate kiss on Su Chen's cheek. After the kiss, she suddenly realized something and her cheeks flushed.

Su Chen laughed and stretched out his other face playfully: "There is still one here, don't neglect it."

This kind of coquettish behavior made Yang Xue even more shy. She gently hit Su Chen with her fist and said, "You are still making trouble. Put me down quickly."

Su Chen laughed loudly, and only let her go after receiving another kiss. Then the two of them walked to the table with joy and raised their glasses together.

"Cheers to the first order won by Changhong Tractor Factory." Su Chen said with a smile on his face.

Yang Xue responded with a wink, "Cheers to the wise and powerful Director Su!"

At dawn the next day, the head of a bank in Sijiu City had already rushed to the gate of the steel mill, just because he learned that Su Chen had not only taken over the Changhong Tractor Factory but also completed a huge order contract - an international transaction of more than 10 million yuan. The bank leader was restless and hurried to the gate of the steel mill to wait for Su Chen, hoping to facilitate the transfer of the untransferred funds into their own vault.

Although the hardware facilities of the bank in the city are good, it has always lacked important customers, and most people choose to deposit their money in official banks. Therefore, the head of this bank was worried about how to expand his business channels.

The last time Su Chen came to handle foreign exchange deposits, the bank had already made a lot of money. But it is still unknown whether Su Chen will directly choose the official bank.

So the bank head decided to step in personally to increase his chances of winning deposits.

It took a full two hours from the time he arrived and waited to the time he finally met Su Chen in person. Seeing the other party coming, Su Chen greeted him with some surprise.

"Isn't this the Bank of China? What brings you here?" Obviously, the news of Su Chen's business success spread quickly, and the bank president smiled and stated his purpose.

"Director Su, let's be frank. The reason we're here today is to discuss foreign exchange deposits and withdrawals." His attitude was sincere and courteous. Su Chen affirmed this and suggested going to the office to discuss it in detail.

After entering the office of Changhong Tractor Factory, the president spoke first.

"As long as you agree to deposit the foreign exchange into this bank's account, both the amount and the interest can be negotiated." President Shen did not fully reveal his bottom line, but Su Chen could sense his eagerness and sincerity.

It seems that the president is indeed willing to make a lot of efforts for this. Su Chen, who understood the meaning, smiled slightly and said:

"I have always trusted the qualifications and capabilities of your Sijiucheng Bank. It is not a problem to deposit this foreign exchange. However, I am planning to expand my business and urgently need a start-up fund..."

The bank president said quickly.

"No problem. Our bank currently has ample loan quotas. How much do you need?" Su Chen was very satisfied with President Shen's attitude.

"One hundred million. I need at least this much to expand my factory." He held up a finger, as if asking for a huge sum of money.

President Shen had originally prepared a lot of preferential measures, but when he heard Su Chen say that he wanted a loan of hundreds of millions, his heart suddenly skipped a beat.

This is not a small amount of money. One hundred million is already the limit of his operation.

The decisions of Sijiucheng Bank were not entirely made by the president alone, there was a board of directors behind it, but in order to win this big customer, he gritted his teeth and agreed.

"No problem, I'll lend you this 100 million without interest."

In order to get tens of millions of yuan in foreign exchange, this loan is not a big problem for him. Su Chen smiled sincerely when he heard this.

He originally thought that President Shen would only give him a very low loan interest at most, but he didn't expect that he would waive the interest directly. In this way, Su Chen really got a bargain - a hundred million without paying interest was simply free money.

"However, such a huge sum of money still requires some collateral as guarantee." President Shen said while wiping the sweat from his forehead.

He has tried his best to offer the most favorable policy. According to regulations, Su Chen still needs to provide some collateral. Although President Shen knows clearly that judging from the content of the contract in Su Chen's hand, tens of millions of foreign exchange can be easily received.

Su Chen nodded and said, "I understand. Rules must be followed. Should this be enough?"

As he spoke, he took out a check signed by Colonel Ka from his pocket for a total of fifty-five thousand U.S. dollars.

President Shin took the check and nodded.

"Of course, this check can be used as valid collateral."

When President Shen saw the check, which was said to be signed by Colonel Ka, he could not help but secretly marvel. He wondered what ability Mr. Suchen had to make Colonel Ka willing to pay for it.

Su Chen's career is currently entering a period of expansion and he is in urgent need of cash flow.

He already had a lot of orders on hand to keep working for a while, but the problem was that the factory's production scale was far from enough to keep up with the demand. Therefore, he was eager to quickly expand the production line. Although he did not have enough funds for expansion, now that the bank was willing to lend, he was naturally happy to accept the benefit of interest-free loans, after all, the money could be repaid at any time.

Besides, why should he pay back the money he borrowed for nothing? After this series of arrangements, the bank got the much-needed foreign exchange, and he also solved the funding bottleneck. This is obviously a win-win result.

However, this also further binds the relationship between Sijiucheng Bank and Su Chen together, and they may need to deal with each other more frequently in the future.

After the two of them agreed on the details, President Shen stood up and said goodbye, saying that he would send someone to deliver the finalized contract for Su Chen to sign after returning to the bank to handle the relevant matters.

Before leaving, Su Chen smiled as he saw President Shen to the door, and then continued to work on his own business; at the same time, he was secretly delighted as he walked out - if this foreign exchange could really be successfully deposited into the account, it would be a significant boost to the Sijiucheng Bank.

But as I walked out of the building into the breeze, my head, which had been heated up by excitement, gradually cooled down.

President Shen finally realized that he had come to Su Chen to exchange foreign currency, but ended up lending him money. This time, Su Chen made a lot of money within his authority.

If President Shin wants to keep his position as president, he must do his best to ensure that the steel mill does not go bankrupt. If the steel mill goes bankrupt, he will not be able to repay the loan to Sijiucheng Bank, and his position as president will be untenable. Thinking of this, President Shin was both angry and helpless.

At present, although the business of Sijiucheng Bank is still OK, it is indeed difficult for it to survive. The competitiveness of other banks is too strong. Especially with the continuous inflow of funds from the national bank, Sijiucheng Bank must find a new way out to continue operating.

So even though he suffered a loss, President Shen had to grit his teeth and bear it. He immediately rushed back to the bank and began to deploy a series of measures.

Although the steel mill is currently thriving, the orders it receives are unstable and it may collapse any day. What President Shen doesn't want to see the most is Su Chen going bankrupt, because if he goes bankrupt, Sijiucheng Bank will also face huge losses.

Therefore, before he could get over the joy of getting foreign exchange, President Shin began to fall into another wave of anxiety. He knew that the current surface condition of the steel mill was OK, but if there was a problem in any link, the entire capital chain would be broken immediately.

Therefore, the first thing he did when he returned to the bank was to use various networks to contact other companies and factories and ask them not to impose restrictions on Su Chen. After all, in this era, many people can't bear to see others make money, so they will do some tricks on the details. This kind of thing is too common.

President Shen did this to prevent possible risks and ensure that Suchen's business could proceed smoothly. Because if Suchen went bankrupt, he would be finished.

As soon as he returned to the bank, President Shen immediately began to contact people from all walks of life. In this era, having money in hand does not make you a master, but the one who is truly capable of making money is. Even if you are a president, you will look humble no matter how much money you have. You have to beg others to deposit money in the Sijiucheng Bank, and even ask for help from other factories to avoid them from launching vicious competition against Su Chen.

But he did all this out of his own consideration. Once he returned to the bank, he immediately instructed his men to send the contract to Su Chen. After the 100 million yuan was released, Sijiucheng Bank and Su Chen's steel mill were completely tied together. The more prosperous the steel mill is in the future, the more Sijiucheng Bank will benefit from this big customer. If Su Chen's business cannot turn around, Sijiucheng Bank will also face closure.

This was undoubtedly a huge **, and although President Shen was confident in his judgment, he still had to take this move. While President Shen was busy contacting various related parties, Su Chen was busy deploying personnel for procurement.

At present, the equipment of both the steel mill and the tractor mill is outdated. Even the most advanced production line of the tractor mill is a product from five years ago. Although these equipments are still usable, they are not enough to meet Suchen's production needs. Realizing the importance of time being money, Suchen immediately called the assistants of the tractor mill and the steel mill to come to a meeting.

The assistant who was usually stationed at the tractor factory was summoned to the steel mill and was very curious about the situation there. Compared with the tractor factory, the steel mill was larger in scale, and here, the assistant felt like he was entering a grand garden for the first time.

Soon, the two came in front of Su Chen. While Su Chen was thinking, he asked two assistants to come forward.

"The factory will need to purchase a batch of new equipment for upgrading. Please arrange your workers to prepare for receiving the new equipment."

Hearing this, the two assistants were surprised. They thought that the current factory was already very good, and they should first ensure production, and then consider upgrading after having a sufficiently stable foundation, which would be more secure.

But if Suchen was so cautious and conservative, his career would not be able to make further progress. So he chose to actively expand his business and planned a comprehensive upgrade.

Tractor factories and steel mills cannot remain in the state of producing low-end products and earning only hard work forever. Although the steel mills seem to be very profitable at the moment, this technology is very easy to copy, and the competitive advantage will be weakened in the next few years...