Hearing Sun Tao talk about the acquisition, Li Dong asked, "How many have you settled?"
"Three. One of them is Pingshan City's Xinglong Supermarket. Xinglong has six stores in Pingshan, and one of them is a hypermarket …"
Sun Tao briefly introduced the three supermarkets, which were located in three prefecture-level cities.
Jiangbei had a total of 16 prefecture-level cities. Far away had already set up stores in the six main cities.
If they could acquire these three cities, Far away would have acquired more than half of Jiangbei. As for the remaining smaller cities, Sun Tao was still negotiating with some, while he suggested Far away to invest in new stores.
As for the acquisition funds, because these three supermarkets were not big, their prices were not too high.
The total sum of the three supermarkets was only slightly more than 60 million.
Li Dong thought for a while and finally agreed to Sun Tao's acquisition plan. As for the formal acquisition, Li Dong had to get someone to investigate it himself.
There was no harm in being careful, and it could not be considered as guarding against Sun Tao. But after all, it was Sun Tao's words alone. It was not impossible for Sun Tao to be deceived.
After talking about this, Li Dong asked Sun Tao, "How's the preparation of Time's negotiation team?"
Sun Tao replied, "The candidates have been chosen, but it is not convenient to choose the team leader. Does General Manager Li have any suggestions?"
"How about one of you go?"
Sun Tao laughed dryly and said, "General Manager Li, I think we should ask someone from the marketing department to go. I have been busy with the acquisition recently, and CEO Shen can't leave the e-commerce department. CEO Wang is even busier. She still needs to oversee the opening of the new stores in the two cities."
Actually, he did not attach much importance to this negotiation team. After all, Li Dong did not agree with the proposal to acquire Time.
As for the next year that Li Dong mentioned, Sun Tao did not have much hope.
Since they were just going there to buy soy sauce, there was no need to make it too grand. After all, Far away was indeed very busy, and the three of them did indeed have things to do.
Li Dong frowned slightly. He thought about it and said, "I've changed my mind. This time, I really want to buy Time. What do you think?"
The three of them looked at each other. After a while, Shen Qian asked, "Why?"
The acquisition of Time was too urgent, and there was not much hope. So far away, they did not have the capital to do so.
So far, they had made a lot of money from the land, but it was only about 400 million yuan. Compared to the two billion yuan they had spent on the acquisition, it was still a drop in the bucket.
As for the other 300 million, that was Li Dong's personal earnings. They didn't think that Li Dong would put all his money into it.
Li Dong sighed and said helplessly, "It's not that I'm in a hurry, but there's no other way."
As he spoke, Li Dong took out a map and spread it out on the table. He asked the three of them, "All of you should know this map as well. It's a map of East and Central China."
"Our Jiangbei is surrounded by six provinces, and we don't have any geographical advantage. Previously, I wanted to use the geographical advantage of Su 'an New City as a springboard to get Far away out of Jiangbei within two to three years. But now, time is not waiting for me. If I continue to wait, it will be too late. "
"Last night, I had a brief conversation with Chen Lang from Huarun Resources, and I also obtained some useful information. Huarun Resources is now stepping up its plans in East China. Last year, Huarun Resources acquired Cikelong in Ningbo, and this year, they made another big move. According to Chen Lang, they have already acquired Leke Duo in Shaoxing and reached an agreement with Fubon Group to establish Huarun Resources Vanguard Supermarket in Ningbo. This way, they have already occupied more than half of the six provinces and one city in East China. Others, such as RT-Mart, Hualian, Carrefour, Yonghui … These large and small stores in and out of the country have also come to seize the market. After a year or two, when they stabilize the situation, how are we going to survive? Also, Gan Province is also troublesome. Chen Lang said that they will acquire Hongkelong sooner or later. Although most of it is bragging, when they really acquire Hongkelong, we will really be trapped to death. "
Speaking of this, Li Dong added, "The situation outside East China is not too good. The merger and acquisition in the Beijing and Tianjin area is serious, and the big fish is eating the small fish. The small supermarkets and small stores are slowly retreating, and those big supermarkets are filling their empty areas. After two to three years, they will have a firm foothold, and I'm afraid we won't even be able to drink the soup. "
When the others heard this, they all fell silent. Sun Tao frowned and stared at the map without saying a word.
Shen Qian and Wang Yue also had similar expressions.
The few of them were silent for a while, and Shen Qian asked again, "Even if it's urgent, there is no other way. The funds needed to acquire Times are too much. So far away, where do we get so much money? "
Li Dong looked straight at her.
After being stared at for a while, Shen Qian felt uncomfortable and said, "Why are you looking at me? I can't make money out of it."
Li Dong winked at Sun Tao, and Sun Tao had an awkward expression as he stared at Shen Qian, but he was too embarrassed to say it out loud.
Being stared at by the two of them, how could Shen Qian not understand what they meant? She immediately said angrily, "I'm telling you, don't even think about it! So far away, we can still think of a way to get a loan of one to two hundred million, but more than two billion, don't even think about it! "
Li Dong laughed dryly and said, "Who said more than two billion? Didn't we earn four hundred million from selling the land? Let's pool more. So far away, we can still think of a way to get around three hundred million. That's seven hundred million. Times might not necessarily pay in one go. Let's talk about it, drag it out for a year, and pay half in advance. That should be enough for 1.2 to 1.3 billion. It's just five hundred million. So far away, we're worth a few billion. This amount of money isn't too much, right? "
"Come on! Five hundred million is not too much? So far away, we already have a loan of more than two hundred million. If we borrow another five hundred million, the debt ratio will be more than 50%! "
"Do you know what it means to have a debt ratio of more than 50%? If we're not careful, we'll go bankrupt!"
After saying that, Shen Qian snorted and said, "Also, it's not like you don't have money. What about Baidu's shares? If you sell them, you can sell them for two to three hundred million, right? Also, this time, you're doing it for your own benefit. You've earned about three hundred million from the land, right? With these two added together, do you still need a loan? "
Li Dong coughed lightly and smiled. "CEO Shen, private matters are private matters, and business matters are business matters. How can they be mixed together? Baidu's shares will definitely rise, and it's too much of a loss to sell them all at this time. As for the land, it's not just my money alone. There are other people's shares. "
Shen Qian snorted and still did not speak.
Li Dong said again, "CEO Shen, it's only five hundred million. It's not like I'm not returning it. You've seen it for yourself. So far away has money, and it's not like I don't have money either. If it comes to a critical juncture, can I harm Secretary Du? "
Shen Qian still did not speak. Five hundred million was beyond her capabilities.
Li Dong continued to pester her, and in the end, Shen Qian was also forced into a corner. She said angrily, "I'm not going to interfere in this matter, unless you talk to my dad yourself!"
Li Dong's face was instantly embarrassed. How could he talk to Old Du?
Shen Qian sneered. "Didn't you say it earlier? What's wrong? You don't dare to go?"
Li Dong rolled his eyes and pondered. After a brief hesitation, he nodded his head. "Then help me make an appointment. I'll talk to Secretary Du when he's free!"
Li Dong was pretty confident in getting a loan of five hundred million.
Far away could get a loan of three to two hundred million, but it's a little difficult to get five hundred million.
But if the province gave him some support, it wouldn't be a problem to get five hundred million.
After all, Far away had not reached the state of insolvency. Getting a loan of five hundred million was just risky. If the province could guarantee it, it wouldn't be a problem.
Hearing Li Dong's words, Shen Qian did not say anything else. She nodded and said, "Then I'll help you make an appointment. But I can't guarantee it."
Li Dong quickly smiled and said, "Man proposes and God disposes. If it doesn't work out, it doesn't matter. At most, I will sell my Baidu shares. It's the same."
Actually, Li Dong was reluctant to sell his shares now. It was too much of a loss.
In another two years, the value of these shares would at least double.
The difference was two to three hundred million. A bank loan of five hundred million would not exceed 100 million in two years.
Unless it was absolutely necessary, Li Dong naturally did not want to sell his shares.
After agreeing on the loan, Shen Qian said, "Even if the loan is settled, are you sure you can acquire Time Holdings? There are still many other parties waiting. Even if the negotiation is successful, what if the other party asks for a one-off payment? We don't have that much money. Also, even if we drag it out for a year, are you sure you have the money next year? "
Li Dong waved his hand. "Don't worry about this. I will think of a way to get the money."
Shen Qian pouted and wanted to say something. But in the end, she did not say anything.
She was afraid that Li Dong was too radical. Far Away's acquisition of Time Holdings was not a good opportunity.
It was too difficult. Far Away was not ready for Time Holdings, be it in terms of funds or talents.
If they wanted to acquire a company bigger than Far Away, it would be very difficult, and money could not solve the problem.
If they did not manage it well, Far Away might fall into a crisis.
Previously, Shen Qian wanted to talk to Li Dong about the e-commerce department. But now, she was not in the mood.
Next, they talked about the negotiation team. Sun Tao and the rest did not have much experience in mergers and acquisitions, and they were not experts in negotiations.
It was not suitable for them to negotiate such a huge deal that involved billions of yuan.
In the end, Shen Qian suggested, "Why don't we hire a few negotiation experts and let them talk for us?"
Li Dong was a little hesitant. "Isn't this too risky?"
"I can't help it if you don't trust me. We are just laymen. If we really go to negotiate, we might not even know we are at a disadvantage." Shen Qian pursed her lips.
Far Away was just going to be a bystander. Anyone would be fine.
But now, Far Away was preparing to formally acquire Time Holdings, and it involved such a huge amount of funds. It was not reliable to rely on Li Dong and the rest.
Leaving the professional to the professionals was the right way to go.
Li Dong thought about it and said, "Then, you guys go find a few reliable professional organizations. I'll take a look then."
They nodded. Today's meeting was over.
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