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Chapter 91 Risk Isolation

After the meeting.

Du Qingqing ran to Zhang Shuo's office and reported on the adjusted takeout business expansion plan. The main change was the contracting method of the takeout delivery business.

"After discussing with Mr. Pei, I decided to adopt a compromise approach."

"What kind of compromise?" Zhang Shuo was very curious.

"Qingcheng Retail has registered a wholly-owned subsidiary, and the company name is Binhai Qingcheng Distribution Service Co., Ltd., which is overall responsible for the parent company's takeout delivery business." Du Qingqing reported.

It is equivalent to being self-operated, but with a certain degree of separation from the parent company.

Isolate some risks.

This is a very common business management technique. Any large enterprise that does not have more than a hundred subsidiaries under its name would be embarrassed to say that it is a large enterprise.

It means layer-by-layer risk isolation and setting up firewalls one after another.

"Another advantage of registering a subsidiary is that it can set up an independent and more flexible salary system for delivery workers." Du Qingqing added.

The salary system of Qingcheng Retail is basically in line with Qinghe Technology.

The salary of delivery staff adopts the "basic salary order commission" model, which is really not suitable to be mixed with Qingcheng Retail, as it can easily cause internal strife.

"Can!"

Zhang Shuo didn't hesitate much and agreed to the new plan proposed by Du Qingqing, and at the same time made a new request: "You must personally capture the subsidiary you set up and arrange for a capable person."

He doesn't want the subsidiary to have trouble again.

"I'm already communicating with Director Jiang and preparing to hire people through headhunting." Du Qingqing has learned a lesson, and now knows that he needs to know how to employ people, rather than doing everything recklessly.

"The other thing is the issue of standardization."

To Du Qingqing, Zhang Shuo was still willing to give some more advice: "We must provide uniform clothing, transportation, incubators and other equipment to delivery workers. It is best to find a design company to design the clothing and helmets."

These are all mobile billboards.

"OK."

Du Qingqing took out his notebook again and wrote it down.

The two chatted for a full hour, and after draining Zhang Shuo of his thoughts, Du Qingqing left with satisfaction.

…………

Du Qingqing left, and Jiang Yue walked in.

"Is something wrong?"

Zhang Shuo didn't move even while leaning on the sofa, he was already weak.

"Zhu Zhenghong suggested that it is best to register a subsidiary to operate the data center project. Subsequent headquarters building projects and youth apartment projects can also be registered as separate subsidiaries to operate." Jiang Yue said.

Okay.

They all come together and have to register a subsidiary company.

The main purpose of this visit is not to isolate risks. The projects are all self-built and used, and they are not promoted to the market.

What big risks could there be?

Even if there are risks, the holding company cannot escape.

Whether a company is registered or not is actually the same.

Zhu Zhenghong suggested registering a subsidiary mainly because there are so many documents and materials that need to be signed and stamped for construction projects. If they were gathered together, they could fill an entire room.

If all the projects were directly under the name of Sprout Holdings, it would be tiring to go to the headquarters to get stamps.

Another advantage of registering a subsidiary is that the subsidiary's office can be placed directly in Houhai, close to the project site and easy to manage.

The headquarters itself is almost running out of office space due to the squeeze from Qingcheng Retail.

Just about to move out.

"Then register a Sprout Real Estate (Binhai) Co., Ltd., operate the three construction projects of the holding company in a unified manner, and package the project management department into the real estate company for joint management."

Zhang Shuo followed the good deeds and followed the flow.

This is the first subsidiary under the name of Sprout Holdings to have the word "Sprout" in its name. The meaning is completely different from that of Qingcheng Retail and Qinghe Technology, because it is not to expand new business.

In essence, it is still a functional department of the headquarters.

After the construction of the project is completed, Sprout Real Estate can still be retained and does not need to be canceled in a hurry, and can continue to be used to undertake property management and operation functions.

"Then who should be sent to take charge of the sprouting property?" Jiang Yue asked for instructions.

"You are the project commander, so you go to Germinal Real Estate and serve as the general manager. It is just right. Zhu Zhenghong serves as the deputy general manager. With such a name, external communication will be easier."

"Then can I also get an annual salary of one million?" Jiang Yue joked with a smile.

"Don't even think about a million-dollar annual salary. It's okay to give you a big red envelope at the end of the year." Zhang Shuo was talking about the year-end bonus.

Jiang Yue also made great contributions and deserves a reward!

"When you say that, I'm really looking forward to it." Jiang Yue knew that Zhang Shuo was not a stingy person. Since he said so, this red envelope must be very important.

If the family has money, then who would complain about having too much money?

"Uh, there's one more thing I need you to do." Zhang Shuo hesitated.

"Hey, I know it. Tell me, what kind of dirty work do you want me to do?" Jiang Yue put her hand on her forehead and dared to fall into Zhang Shuo's trick again. I will give you a candied date first, and then ask for help.

Got it.

"How much money can we borrow from the bank for the three pieces of land we won?" Zhang Shuo took another roundabout way.

"One billion shouldn't be a problem."

For the three pieces of land, only the letter of intent for the transaction has been signed, and the formal contract has not yet been signed.

After the registration of Sprout Real Estate, the land purchase funds were injected into Sprout Real Estate, and then the land purchase contract was signed in the name of Sprout Real Estate, thus completely drawing a clear line with the holding company.

It also saves the need to increase the business scope of the holding company.

According to preliminary negotiations, the total price of the three plots of land was 1.25 billion, and the final signed price will definitely be very different.

Being able to borrow 1 billion is already pretty good.

"Ahem, can you borrow more?" Zhang Shuo was actually embarrassed.

--slightly--

[Level]: Level 7 (208,000/500,000)

--slightly--

【Cash】: 1.428 billion

--slightly--

You see, there are still 292,000 experience points left before reaching level 8. Even if all the 1.428 billion funds in the account are spent, there is still a hole of 149,200 experience points.

mean,

You need to borrow at least 1.5 billion from the bank to upgrade smoothly.

Zhang Shuo had planned everything before, but he made a mistake. Unexpectedly, the money to buy the land was two to three hundred million less than he expected.

That's where it gets stuck.

It stands to reason that if you are short of the last 500 million, it is not impossible to borrow a bridge loan from Shenghua Financial Services.

Anyway, you can pay it back by upgrading to level 8.

But Zhang Shuo no longer wanted to pay huge amounts of interest to Shenghua Financial Services. More importantly, he no longer wanted to engage in short-term bridge loans, but wanted long-term loans.

That way, you don’t have to worry about repaying the loan and can continue to use it for business expansion.

The company will need money in many places next year. Qinghe Technology will have to prepare at least three to five billion in marketing expenses, as well as the one billion capital injection previously promised to Qingcheng Retail.

Not to mention the project construction costs of Sprout Real Estate, which is also a bottomless pit.

Even Jade Bird Interactive Entertainment, which has achieved profitability early, will have to prepare at least one or two billion in marketing expenses in order to promote 71 Assistant after turning over the profits.

It all costs money.

"How much do you want to borrow?" Jiang Yue was very wary. She had rarely seen Zhang Shuo in such a difficult situation.

"At least 1.5 billion, and of course 2 billion is not too much for me."

Zhang Shuo's lion opened his mouth wide.

"One to one-half billion? If you can explain it, it's higher than the land price. The bank won't take advantage of it." Jiang Yue had an even bigger headache.

She knew things were not simple.

"In addition to the three pieces of land, Sprout Holdings can also use its subsidiaries as mortgage guarantees. For example, Qingcheng Retail has so many fixed assets. Can't it borrow several hundred million more?"

Zhang Shuo didn't just talk nonsense.

Credit was relatively loose in 2010, and it was the end of the year. It is estimated that some banks have not completed their credit tasks. As long as Germination Holdings has reasonable collateral, it can still be completed.

"I'll try my best."

Zhang Shuo had already said so, so how could Jiang Yue have the nerve to refuse.

"It's not about trying your best, it's about doing it for sure."

"Okay, I'm sure. I'm going to risk it all. At worst, I'll find a few more banks."

Jiang Yue also worked hard for the year-end bonus.

"That's how it should be. It's settled then. I'll wait for your good news." Zhang Shuo smiled.

There's someone down there who can help.


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