I'm back in 1990

Chapter 292: Not Short of Money

From June until now, Charlie Cho has been constantly flying back and forth between Hong Kong and Shanghai.

There are a lot of procedures to go through to set up a group company, and his boss can't easily go to Hong Kong, so he has to come to him with the documents.

Because the actual controller of the company is Huang Xiaochuan, Cao Charlie can't do anything without his signature.

However, Huang Xiaochuan still gave him some authority. For example, Charlie Cao had the authority to sign off on expenses up to five million Hong Kong dollars. As long as the company's expenses or investments did not exceed five million Hong Kong dollars, Charlie Cao had the right to make decisions. Of course, all of this was under the supervision of the finance department and professional auditors.

The first "Baijiali" specialty store in mainland China is under renovation. People from Hong Kong have been sent to recruit and train employees. It is expected to open in July. All of this requires the personal attention of Chairman Cao Charlie, because Huang Xiaochuan always consults him when he encounters problems.

At the end of June, Sang Weihong also finished her four years of university life.

Unlike her classmates, she became an officer in the Academic Affairs Office of the University of Finance and Economics immediately after graduation, and also served as the organization committee member of the school's Youth League Committee. However, she only received a meager salary for both positions.

She moved from the student dormitory to the teachers' dormitory, two people to a room. Her roommate, Teacher Tao Qian, didn't live there because she had a boyfriend in Shanghai and they were already talking about marriage.

In this way, Sang Weihong was essentially living in a single room.

Although the students had gradually started their holidays, the work of the Academic Affairs Office was not yet over. Sang Weihong was busy until July 8th when she received the notice that the school's faculty and staff would be on holiday. However, they had to return to their posts half a month before the start of the new semester.

The academic affairs office is doing relatively well, but the teachers in the admissions office are not so relaxed; they won't have much of a break before they have to get busy again.

After receiving the holiday notice, Sang Weihong bought a train ticket home for four days later.

Huang Xiaochuan was listening to a lengthy report from Cao Charlie in his office in Xujiahui.

For example, Huang Xiaochuan had to make a final decision on whether to buy several properties suitable for operating supermarkets, such as the opening of Shanghai Baijiali and the preparation for the opening of the second Times Supermarket. He also had to consider Baijiali's marketing revenue in the first half of the year and how much land Guangda Real Estate had purchased. Huang Xiaochuan spent the entire morning in his office without moving.

Nan Hui was also coming to see him in the afternoon, because the money had been flowing out like water, and was being exchanged for plots of land in the Shenzhen Special Economic Zone. Although these plots were not currently in the city center, they were all in the main direction of Shenzhen's development, and it wouldn't be long before the city expanded outwards to that area.

Within two months of its establishment, Guangda Real Estate acquired six plots of land. Of these, only two were intended for the construction of commercial complexes, while the remaining four were intended for resale to profit from the price increase. Thus, in recent years, Guangda Real Estate has primarily focused on land hoarding.

Because land prices in Shenzhen will soon change daily, and in the next thirty years, urban commercial and residential land will gradually become a scarce resource in the special economic zone and even the whole country.

Just as Cao Charlie was reporting Baijiali's first-half performance to Huang Xiaochuan with the report, Huang Xiaochuan's mobile phone rang.

"Mr. Huang, I need to use the restroom." Charlie Cao tactfully made an excuse to avoid the situation.

After Cao Charlie left, Huang Xiaochuan connected to his mobile phone.

"Huang Xiaochuan? This is Sang Weihong."

"Senior?"

"Do you have time tonight? I'd like to treat you to dinner to celebrate starting my job."

Huang Xiaochuan had originally planned to have dinner with Cao Chali and Nan Hui tonight, but Sang Weihong's phone call made him change his mind. After all, Senior Sang had officially started working, and it was time to celebrate.

He readily agreed: "Sure! We should celebrate."

Huang Xiaochuan was familiar with the restaurant; it was near the school, and he had been there a few times. Sang Weihong had arranged a time with him, and Huang Xiaochuan hung up the phone.

At this moment, Mai Guangde stood at the door and knocked.

"Come in!"

"Mr. Huang, there is a letter for you."

Huang Xiaochuan took it and looked at it. It was sent from the United States. It definitely wasn't sent by Wu Duo and Zhang Gaolei. They were both at home for summer vacation and were in China.

After looking at the address again, Huang Xiaochuan guessed that it was sent by Zhang Yun.

The letter was opened and two color photos fell onto Huang Xiaochuan's desk. Huang Xiaochuan picked them up and looked at them. The person in the photos was Zhang Yun, and Huang Xiaochuan guessed that the background was Central Park in New York.

Huang Xiaochuan opened the letter and began to read it.

Her handwriting was very delicate, just like the handwriting she used to write on the blackboard, so Huang Xiaochuan was very familiar with Zhang Yun's handwriting.

The letter contained very little, just a single sheet of paper.

The main point is that she has taken over the work independently, primarily responsible for high-tech venture capital, and feels that the work pressure is quite high.

Then she talked about some things in her life, and finally invited Huang Xiaochuan to visit her if he had the chance to go to the United States, so that she could show him hospitality.

After reading the letter, Huang Xiaochuan smiled, put the letter and photo back into the envelope, and placed it in his office drawer.

Huang Xiaochuan had a simple lunch in his office at noon, with Cao Charlie and Mai Guangde keeping him company.

As soon as Nan Hui's plane landed in the afternoon, she rushed to Huang Xiaochuan's office with her secretary. Now she seems to have found her direction in life, and she is full of passion when she does things.

Before, she was always a little scared when she worked alone. But after she started working with Huang Xiaochuan, she felt safe. So whenever she arrived in Shanghai, she really wanted to see Huang Xiaochuan.

Mai Guangde led her into Huang Xiaochuan's office, where Cao Charlie was also present.

"Sister Nan, please have a seat!"

"Yes, Mr. Huang!"

Nan Hui adjusted her skirt and sat down opposite Huang Xiaochuan.

After sitting down, Nan Hui busied herself taking out a packet of documents from her briefcase.

Nan Hui came to Huang Xiaochuan for help, as Guangda Real Estate's funds were running out after purchasing multiple plots of land.

"Mr. Huang, please take a look at these documents. This is the land we plan to purchase next."

Huang Xiaochuan took a look. The materials Nan Hui gave him were a development plan map of Shenzhen and a list of land currently available for purchase. Nan Hui had already marked some of the land, which were the land that Guangda Real Estate intended to purchase next.

Seeing that Huang Xiaochuan was looking closely, Nan Hui said, "Because we acquired a lot of land in the early stages, the company's funds are almost depleted, and we also have several land auctions to participate in next month."

Huang Xiaochuan looked up at Cao Charlie.

"Charlie, how much liquid capital does the group have right now?"

"Mr. Wong, the group currently has HK$580 million in cash."

Huang Xiaochuan nodded. He knew that Baijiali's sales in its specialty stores in Japan and South Korea had always been stable and were continuing to rise. In addition, with more than a dozen specialty stores in Hong Kong, the company could generate huge cash flow every year.

Nan Hui needs Huang Xiaochuan's approval to use the funds, because Cao Charlie does not have that authority, and it also involves a series of financial issues that require Huang Xiaochuan's consent.

Huang Xiaochuan considered it for a moment.

"In the name of a loan, HK$400 million was allocated to Guangda Real Estate."

Nan Hui was overjoyed. Now she had plenty of money, and it was even under the guise of a loan. Nan Hui couldn't help but look at Huang Xiaochuan with gratitude.

Charlie Cao nodded and said, "Okay!"

Huang Xiaochuan continued, "Of course, since it's a loan, interest must be paid. Let the group's finance department calculate the specific interest rate. It should be lower than bank loan interest rates, after all, it's like keeping the profits within the family."

"I also suggest that you borrow only what you need, and not borrow it all at once. After all, it's not worth it to have idle funds and pay interest. Anyway, the total limit is here, and the group will keep this money specifically for you."

Huang Xiaochuan's decision to borrow money instead of increasing capital was a way of reassuring Nan Hui.

Because Huang Xiaochuan is the absolute controlling shareholder of Guangda Real Estate, if he proposes that this money be used for capital increase and share expansion, then Huang Boyi and Nan Hui will have to contribute their own money, otherwise their shares will be diluted.

Huang Boyi is alright; he can still come up with money, after all, he still has quite a few properties, and he can simply mortgage them to the bank to get a loan. But Nan Hui has invested all her assets in Guangda Real Estate, so she definitely doesn't have any more money to invest.

However, loans are different. Loans are not considered capital increases; they are simply company loans. The loans are repaid after the project becomes profitable, and of course, interest is payable in these cases.

Compared to the potential profits in the future, this amount of interest is nothing.

It doesn't matter if the land is stuck in our hands. In Huang Xiaochuan's words, we can just develop and build it, since the company won't be short of money in the future anyway.