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Chapter 896 Subsidiary Financing

Super project, Longteng Group has planned a super project. The entire Guangxi Province will build a complete, interconnected and intelligent urban integrated pipe corridor. This is a super project.

Not only that, Longteng Group also foresees that in the future, the entire country will establish an intelligent pipe gallery system, so that the entire country becomes a whole.

By that time, the entire country will be able to allocate resources more easily and save resources more at the same time.

This is a super project and a super infrastructure. If this step is really completed, the entire society will be more intelligent and modern.

However, the money spent on this project is also very scary. The urban pipe gallery is built underground, and the construction difficulty is inherently much more difficult and complicated than on the ground.

At the same time, the income from urban pipe corridors is currently relatively invisible. Unlike things like highways and railways, the income is directly visible.

Therefore, if you want to build a large-scale intelligent urban pipe corridor system, funding is the biggest difficulty. These are urban infrastructure construction, and the funds will be responsible for the local government.

And now local governments at all levels are in debt. Who dares to mess with such a large project?

The larger the project, the more interests it involves, so it is very difficult for Guangxi Province to build comprehensive pipeline corridors across the province.

Moreover, it cannot be financially supported. Such a comprehensive pipe corridor cannot be successfully constructed in a day or two.

The underground comprehensive pipe corridor in Lanhai City was slowly and gradually constructed over several years before reaching its current scale.

During this construction, Longteng Group has been exploring experience. At the same time, it is also trying its best to reduce costs, and adopts modular construction to reduce costs a lot.

Nowadays, in addition to Blue Ocean City, there are more advanced and scientific underground pipe gallery systems in Malaysia's future cities.

That system represents the highest level of technology of Longteng Group. The underground comprehensive pipe gallery is not a new thing, it has been around for a long time.

But how to intelligently manage the pipe gallery is the issue that needs to be paid attention to now. Otherwise, this thing is just an underground pipe gallery.

A meeting was held, and discussions began on whether it should be implemented and if so, how to implement it.

Such a big matter cannot be decided in one meeting. The interests of various places also determine that many people have different attitudes.

For such things, Longteng Group just keeps paying attention and does not take it too seriously. Even if Guangxi Province really plans to build in the future, Longteng Group will avoid suspicion accordingly.

After all, this project is too big, and the relationship between Li Yunwei and Zhang Fan is so sensitive. It will not be good for anyone if they fall out in the future.

A snowstorm and a cold wave have made the whole of China very lively. With the departure of this cold wave, China's annual Spring Festival is about to come.

This time should be the most leisurely time for people. However, Longteng Group is extremely busy.

The snowstorm caused many employees to take leave early. Some of the remaining employees were left behind. But they had to handle all the work.

Therefore, these employees can't wait for one person to do several things, such as the year-end summary of each company, the integration of various data, the allocation of various funds, etc.

At the same time, the financing of Longteng Group's subsidiaries has also entered the final stage.

After careful research and discussion, each major subsidiary has made its own choice. The final decision on this financing rests with each major subsidiary, and the head office is only responsible for providing opinions and supervision.

This delegation of power has doubled the pressure on the presidents of major subsidiaries. Such power is a hot potato for them, and it is difficult to get it.

On the one hand, we must choose good partners, and at the same time, we must try our best to obtain benefits for the chairman.

Such a choice is made by the subsidiary team. Some companies offer high prices, but their backgrounds are not strong.

Some have strong backgrounds, but the price offered is not high. This is a dilemma. After all, this financing is not just about cashing out, but also attracting more backers while cashing out.

Gree Group, after independence, Gree concentrated on the air-conditioning industry. Relying on the giant Longteng Group, it not only flexed its muscles in the domestic market, but also gained recognition in foreign markets.

Especially in Southeast Asian countries, Gree Group's factories in the Future Industrial Park have been adapted and started production. Currently, sales in Southeast Asian countries are gradually increasing, and they have also successfully entered India.

As an emerging air conditioner brand, this development speed is quite terrifying. Especially with the development of Longteng smart home, as long as the decoration plan of Longteng smart home is adopted, Gree air conditioner will definitely be standard.

Although it is still some distance away from being the dominant player in Hairong Air Conditioning, with this financing, Gree Group’s self-valuation is as high as RMB 80 billion.

This is also the subsidiary with the highest valuation among the Longteng home appliances companies. But even so, there are many groups competing for financing Gree, and they are full of confidence in Gree's future development.

These competitors are very strong, including not only electrical appliance giants like Hairong Electric, but also real estate giants like Huirun, as well as many powerful investment groups.

Many of them have strong backgrounds and offer different pricing policies. For Gree’s team, this is a very difficult decision.

"Thank you all for coming, and thank you for your trust in our Gree Group. These days, our Gree team has carefully reviewed the financing conditions of each company. After review by our Gree team and approval by the head office, we now announce that we have obtained

The company that finally qualified for financing..."

In the conference room of Gree headquarters, Xin Guangming, the person in charge of Gree, took out an envelope. Everyone below became nervous. For this financing, many companies gritted their teeth and gave their biggest cards.

Because they don't know each other's conditions, they can only grit their teeth and give their bottom line. As for colluding secretly, no one will do it. Even if they do, Gree Group's subsidiaries are qualified to refuse all financing.

"The most popular company that received the first round of financing from our Gree Group is Huirun Real Estate Co., Ltd."

When the results came out, the people from Huirun Real Estate cheered. Others looked frustrated. Especially the person in charge of Hairong Electric. They spent a lot of money this time, but they didn't expect that Gree still didn't choose them.

Not choosing Hairong means that the competition between Gree and Hairong will become more intense in the future. In recent years, Hairong air conditioners have been robbed of a lot of market by Gree.

Originally, they wanted to ease competition between the two parties through this financing, but unexpectedly Gree did not choose them at all. For them, this is very bad news.


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