Chapter 154 Acquisition of Canadian Solar? Norway Plan
Hong Jiyuan has been very troubled recently. On the one hand, the Canadian Solar Norway brand is about to complete the last closed loop and is preparing to be launched on the market, the first step of launching the brand. Therefore, there are many things involved and it is quite busy.
On the other hand, the issue of spending five million a year to endorse ‘Li Youqing’ aroused the opinions of the two remaining shareholders within the company.
Hong Jiyuan actually understands the opposition of shareholders. After all, Canadian Solar Norway's current financial situation is not very good. Once a financial crisis occurs, it will easily cause panic among material suppliers.
But he doesn't care much about this. After all, only a few shareholders and the financial manager know the company's financial situation. The financial manager is his loyal subordinate and cannot leak the company's secrets. Therefore, to the outside world, At present, Art
The operating conditions of Norwegian Garment are good and prosperous.
The suppliers are also very relieved and have no objection if the final payment is delayed for a longer time.
Because in everyone's eyes, the brand that Canadian Solar Norwegian Apparel has spent two years carefully building is about to be launched. It will rely on preliminary preparations and precise positioning to quickly seize the domestic apparel market and quickly become a well-known domestic brand.
Including Hong Jiyuan himself thinks so.
This is due to his hard work and a series of correct decisions over the past two years.
Of course, Hong Jiyuan never expected that the awesomeness he boasted would soon be slapped in the face.
"Dong dong dong~"
While I was thinking, there was a knock on the office door.
"Come in."
"Creak~"
The door was opened, and financial manager Xu Guoan walked in. Without any nonsense, he said directly: "Boss, there are a group of suppliers who were originally scheduled to pay the balance due. Do you need to pay them?"
"How much?" Hong Jiyuan asked after hearing this.
Xu Guoan replied: "A total of 9.2 million."
"Let's postpone it for another three months."
Hong Jiyuan thought for a moment and then ordered.
The company is currently facing financial difficulties. If the final payment is paid, problems may easily arise. After all, the company still needs funds to maintain operations, and the wages of factory workers must also be paid.
"This money has already been delayed once. If it is delayed again, I'm afraid those suppliers will inevitably have objections. Moreover, some suppliers are in financial difficulties and urgently need money." Xu Guoan said softly.
It has become a phenomenon that the final payment of business cooperation is the most difficult to collect, but under normal circumstances it will not be delayed for a particularly long time. The time for this batch of late payment has exceeded expectations.
"You tell them that the Canadian Solar Norwegian brand will be launched in two months, and there will be countless orders by then. If they value the small balance now, it will be difficult to cooperate later."
In this kind of thing, you must use your own advantages to buy some time.
There is nothing we can do about it, as the company's finances are now under strain.
He can only let those suppliers pay for him.
That's how it is in business, there's no sympathy.
Xu Guoan nodded after hearing this and continued to report on his work. He did not retreat until half an hour later, closing the door behind him.
At six o'clock in the evening.
Xu Guoan walked out of the company door, took out his mobile phone and made a call.
"Brother Zuo, the boss really didn't agree to pay the balance. Okay, I understand."
After hanging up the phone, Xu Guoan thought for a moment and began to contact the material supplier.
The next morning, when Hong Jiyuan drove to the factory gate, he found that the gate was surrounded. Material suppliers stood at the gate and shouted. When they saw his car, they rushed over and surrounded him.
At that moment, Hong Jiyuan's heart skipped a beat.
Something bad is going on.
…
At the end of August, a piece of news quietly landed on the Internet.
The title is #Canada Norwegian Clothing is in deep bankruptcy crisis#
However, no one wants to pay attention to news like this, and it is quickly submerged in the ocean of the Internet.
But for many people closely related to Canadian Solar, they have to pay attention.
First of all, Yihe Film and Television Entertainment, after learning that Canadian Canadian Clothing was in bankruptcy crisis, immediately asked the other party to pay the endorsement fee as soon as possible, otherwise it would stop "Li Youqing" from filming endorsement ads.
This is a normal act of safeguarding one's own interests, and it is also appropriate to sign a contract and pay endorsement fees.
But in the eyes of Atlas Norway, this behavior is just adding insult to injury.
Can I not give you this money?
Definitely not.
As the last part of the brand plan, endorsement is a must, so even though Canadian Solar Norway is in a difficult situation, Honkiyuan still paid the annual endorsement fee of 5 million.
But after paying this money, the material supplier cannot pay the balance.
Seeing the trouble, the suppliers were unable to get the balance payment. Naturally, they became more convinced that Canadian Canadian Apparel was in economic crisis, and began to increase their efforts and use various methods to find ways to get the balance payment back.
Immediately afterwards, some unfavorable news for Canadian Solar also slowly spread, mostly related to the topic of "the company is not operating well and is on the verge of bankruptcy."
If it were in the past, everyone might just listen and forget it.
But in this situation, even the factory employees are panicked and worried about not getting paid. How can we make other people feel at ease?
One after another, and with the material suppliers clamoring for final payment every day, the entire Canadian Solar Norway was plunged into internal and external troubles, and was crumbling like a building about to collapse.
Hongjiyuan was also helpless and had no choice but to bring in shareholders to discuss how to solve the problem. As a result, they learned that two shareholders planned to sell their shares in Canadian Solar Norway and cash out.
"Damn it! Are you sick? As long as we survive this crisis and wait until the brand is fully marketed, everything will be fine!"
Facing the two shareholders who co-founded Canadian Clothing of Norway, Hong Jiyuan tried to persuade them not to sell their shares.
However, the company is in deep crisis and is in danger of bankruptcy at all times. In addition, the capital bids from outside for entering the market are very exciting, and they agree to purchase shares at a premium of 1.5 times.
After two years of investment, the return rate is 150%. It makes no sense not to sell it at this price.
Therefore, Hongjiyuan failed to dissuade shareholders from selling their shares. On the contrary, it received "unfavorable advice" from shareholders.
"Brother Yuan, I advise you to cash out your shares while you have capital to enter the market."
"Yes! A premium of 1.5 times is a huge profit for us."
In response, Hongjiyuan could only shake his head and let shareholders sell their shares.
Three days later, the shareholders of Canadian Solar Norwegian Apparel changed.
The two original shareholders cashed out and left. New Capital Erjing Investment and Beiliang Investment came in, holding 25% and 24% of the shares respectively.
The number of shareholders remains unchanged, but the people holding shares have changed.
On the first day when the capital entered the market, I approached Hong Jiyuan to ask about the current solution to the company's dilemma, and proposed that it could help the company tide over the difficulties by injecting capital and increasing its shareholding.
The so-called capital injection to increase shareholding means that capital continues to invest, and then increases its own shares in the company in proportion, while weakening the shares of other shareholders.
Naturally, Hong Jiyuan couldn't accept this approach, because he had to ensure that he could control Canadian Canadian Apparel's voice, so he rejected the new shareholder's suggestion.
Rejection remains rejection, and the dilemma still needs to be solved.
"Guoan, what do the banks say? Can we get a mortgage loan?"
Hongjiyuan called in financial manager Xu Guoan to inquire about the latest progress.
Looking for a bank loan was the solution he came up with to solve the problem. As long as the bank is willing to lend money to Canadian Canadian Clothing, the current predicament can be solved.
Xu Guoan shook his head and replied: "All four major banks have contacted us. They have a higher risk assessment of our company and rejected our loan request."
Hong Jiyuan frowned and looked at the crowded material suppliers outside the factory, feeling heavy in his heart.
If there had not been this financial crisis and the supplier would not have been in a hurry to recover the balance, he would have been very confident in bringing the Canadian Canadian brand to the market and occupying a position as an affordable luxury brand.
But now...
"Boss, I actually think we can try to raise some funds to tide over this difficulty." Looking at the boss's back, the 'loyal' subordinate Xu Guoan suggested.
Hong Jiyuan shook his head and said: "The sudden entry of Erjing Investment and Beiliang Investment makes me a little worried about the purpose behind them."
"Capital is nothing more than greedy for profit. These two companies know the prospects of Canadian Solar Norway, so it is normal to want to enter the market at a critical moment to get a share of the pie." Xu Guoan analyzed.
"I'm afraid they want more than just a share of the pie..."
Hong Jiyuan sighed and said a little helplessly.
He only holds 51% of the shares in Canadian Canadian Apparel. Once he really chooses to raise funds, these shares will inevitably be diluted.
If the shares are less than 50%, the possible uncertainties will be too great.
"We don't need to buy shares to these two companies!" Xu Guoan slowly walked behind the boss, looked at the situation outside, and said: "As long as we find another shareholder who supports the boss to enter the market, and at the same time dilute the shares of the three parties,
At that time, the company will still be in your hands."
Hong Jiyuan thought it made sense when he heard it, but who could he find to come in? And it had to be someone he trusted.
Seeing this, Xu Guoan whispered: "Does the boss believe me?"
Hong Jiyuan smiled when he heard this and replied: "Without you, I would have lost everything in Ancheng. How could I not believe you? Tell me what you can do."
Xu Guoan scratched his head and replied: "I have a friend who is good at playing. She just has some spare money and wants to invest in something. If the boss thinks it's okay, we can let her personally invest in shares and get some dividends, which can solve the problem.
current predicament.”
"Your friend? Is he reliable?" Hong Jiyuan asked thoughtfully.
"It must be reliable, a rich second generation, and he has been in An'er Street for a while before." Xu Guoan assured.
After hearing this, Hong Jiyuan thought for a while and said in deep thought: "We can meet and have a chat first."
"No problem, boss, when do you think the time is appropriate?"
"The situation is urgent. Let's take it tonight. I'll treat her to dinner."