sbdcsierra Chapter 211 Dacheng Group_1
Chapter 211 Dacheng Group_1
Chapter 211: Chapter 211 Dacheng Group_1The next day.
Shen Dong and Chen Yuyan rode in Lin Kaiyang’s car, heading together to Dacheng Group.
Shen Dong’s team also followed in another car.
Visiting Dacheng Group, Shen Dong naturally brought along professionals.
The team from Dongyan Investment, a total of four people, had also arrived in Sha City the day before.
Upon arrival at Dacheng Group, Chairman Zhang Xinde of Dacheng Group personally greeted them with his senior executives at the entrance.
He had received a call from Lin Kaiyang the previous afternoon.
Someone was coming for an inspection with plans to invest, which of course thrilled him.
He had been fundraising recently, but those he had approached showed no interest.
It was this issue that had been troubling him lately.
Should he fail to secure investment, the company might need to lay off employees and scale back its farming operations.
This was something he did not want to see.
To be cautious, he also did some re
"Lee Xue!"
As the group approached, Chen Yuyan couldn’t help but call out.
Indeed, the familiar figure was Lee Xue.
"Yuyan? Shen Dong? What are you doing here?" Lee Xue stepped out of the crowd and came over to Shen Dong and Chen Yuyan, with a puzzled expression on her face.
"Mr. Zhang."
The company staff member, upon seeing Zhang Xinde, immediately greeted him.
It was then that the group realized that this was indeed the company’s boss, Zhang Xinde.
"We’re here on an inspection, but why are you here?" inquired Chen Yuyan.
"Inspection?" Lee Xue was puzzled. Could it be that Shen Dong and Chen Yuyan were also planning to raise chickens? However, she didn’t inquire further and instead shared the reason for her visit.
It turned out that the poultry farm she owned was preparing to partner with Dacheng Group.
The Dacheng Group would provide technical support, and the chickens Lee Xue raised would ultimately be sold to Dacheng Group.
Lee Xue was there for breeding training, as were the others in the group, all of whom were breeders from the province.
After chatting for a while, Shen Dong received a call: someone from his team informed him that the audit was completed.
"Lee Xue, we have something to take care of and need to leave first. I’ll call you when we’re free," said Shen Dong.
"Okay, you go ahead and attend to your matters," Lee Xue nodded.
Shen Dong and Chen Yuyan left with Zhang Xinde and others for the conference room back in the office building.
The audit result showed no significant issues with assets and finances.
Next on the agenda were negotiations for investment and share ownership.
The Dacheng Group needed funding of five hundred million yuan.
It was somewhat strenuous for Shen Dong to come up with such a large sum of money at once.
He had invested too much in Lixing Copyright Company, and it hadn’t turned a profit yet.
Of course, with the growth of Dongyan Media and Shuidilao, getting a loan from a bank was certainly doable.
But Shen Dong didn’t want to do that.
He didn’t want to monopolize this investment opportunity himself and planned to include Zhou Chengyu and others to make money together.
By now, he and Zhou Chengyu among others, had become a community of shared interests.
Shen Dong’s goal was to reinforce this community of shared interests.
After all, his own foundation was still rather shallow.
Just like the previous issue with Penguin Film Industry obstructing the project approval of "I Am Not a Pharmacist," if he had been alone, he really couldn’t have resolved it.
Wang Xiaocong and Wan Pengfei could solve it relatively easily.
Moreover, not only could he involve Zhou Chengyu and others, but he could also bring in other investors to broaden his network.
After all, this was an investment with guaranteed returns.
The investors who participated would surely be grateful to him when they saw the development of Dacheng Group.
Doing this would gradually build his foundational depth.
"Chairman Zhang, you need a five hundred million investment. Dongyan Investment can join with others for this investment. I’ll help you find other investors, but I want a twenty percent share stake. No problem, right?" Shen Dong proposed.
"Mr. Shen, you’re effectively devaluing our company’s market value," Zhang Xinde said with a wry smile.
With the current market value of the company at thirty-five billion yuan, a five hundred million investment would, by right, account for at most fifteen percent of the shares. Shen Dong asking for twenty percent was indeed asking for a large bite.
"Chairman Zhang, the poultry industry is going through tough times right now. Apart from big corporations, many companies are facing a cash crunch..." Shen Dong spoke eloquently, listing a multitude of challenges that could hinder the development of Dacheng Group.
However, Zhang Xinde still didn’t grant Shen Dong a twenty percent share stake but did make a certain concession, offering him a seventeen percent stake.