The press conference officially began.
The meeting was hosted by Yuan Chengdao. After a few opening remarks, Yuan Chengdao went straight to the point. "I have a few things to announce next."
Everyone suddenly pricked up their ears. Far Away's press conference was so serious. There must be some important news to announce.
After all, the rumors in the outside world had been noisy. Although many groups supported Far Away before, it didn't mean that everyone could accept it.
Far Away was holding a press conference at this time. Of course, there was good news to announce.
Yuan Chengdao picked up the folder and slowly said, "First, it's about the cooperation between Far Away and Suning."
"Suning previously released an announcement. I think everyone knows about it. Suning's news is also true. Regarding the cooperation between the two sides, Suning did fully advance the funds in the early stage. "
As soon as Yuan Chengdao said this, the audience raised their hands in unison.
Yuan Chengdao frowned slightly, but he still gestured to one of them. "This reporter, what do you want to ask?"
The reporter who was called quickly said, "Hello, President Yuan. I am Liu Kuan, a reporter from the Sunan Economic Newspaper. Regarding the cooperation between Faraway Group and Suning, Suning previously revealed that there is an inside story. According to the cooperation agreement announced by both sides, both sides will jointly invest more than 5 billion.
As for the initial investment, according to Suning, they need to invest at least 3 billion unilaterally in the early stage.
I want to ask President Yuan a question. What concessions or price did Far Away make to make Suning agree to this resolution?
After all, 3 billion is not a small number. Once Far Away retreats in the later stage, or other changes occur, they won't be able to come up with follow-up funds.
If Suning wants to maintain the situation, they can only continue to invest themselves, which is to enter North China unilaterally. The total investment will exceed 5 billion, and the risk is very high.
I think taking such a big risk is not just because of the friendship between Mr. Zhang and General Manager Li, right? "
Yuan Chengdao said calmly, "This is exactly what I wanted to say, so please wait for me to finish before you ask questions."
Everyone nodded. Yuan Chengdao continued, "Regarding the cooperation between the two sides, Far away and Suning have indeed reached some agreements. Originally, the contents of the agreement were inconvenient to be announced to the public. However, due to rumors being spread by certain people, Far away had no choice but to announce the news to the public to prove Far away's innocence. The reason why Suning is willing to pay in advance is actually very simple. It's because General Manager Li and Mr Zhang have signed a VAM … "
When Yuan Chengdao calmly finished explaining the bet, many people were stunned.
Are you sure this is a VAM?
Very soon, a reporter reacted and raised his hand in a hurry. "Director Yuan, I have a question!"
Yuan Chengdao nodded and said, "Please speak."
"Director Yuan, according to the agreement you just announced, in the next five years, if Suning can't occupy half of the home appliance market in North China, all the investment projects Far away has in North China will be lost to Suning?"
Yuan Chengdao shook his head and said, "Not North China. It's only limited to Beijing and Tianjin. In addition, it's not all the investments Far away has. It's only the cooperation between the two sides. "
The reporter didn't harp on this. Instead, he said in shock, "Director Yuan, I want to know why Far away made such a decision? I think the possibility of half of the market share is very low. Don't you think Far away is too rash to make such a big bet just for a short period of time? "
Yuan Chengdao said with a faint smile, "I don't think it's rash. Sometimes things that seem impossible are not necessarily impossible. Moreover, it's not strange for anything to happen in five years. And with these five years, I think our business in Beijing and Tianjin will not be limited to the cooperation with Suning. At that time, you may find that this bet agreement is actually not as serious as you think. "
Everyone couldn't help but look at Li Dong next to him. This kind of thing was obviously not decided by Yuan Chengdao.
The one who could really decide the future of Far Away was this young man who hadn't spoken. It was hard for everyone to imagine what kind of courage and courage the young Li Dong had to make this agreement with Suning.
A bet of more than a billion in exchange for a half-year's advance. In the eyes of everyone, Li Dong was too crazy.
Yuan Chengdao saw that everyone was still digesting the news, so he didn't wait and continued, "Secondly …"
"Faraway Group will have a capital injection in the near future. This capital is General Manager Li's own private capital. The total amount is 2 billion … "
Everyone was completely moved by this!
2 billion?
Li Dong's private capital injection Far Away?
Since Yuan Chengdao said this, it obviously wouldn't be embezzling funds from Far Away.
After all, such a large flow of funds was easy to find.
Once Li Dong embezzled funds from his own company, it would definitely cause a negative effect if it was exposed.
At this time, Faraway Group wouldn't be so unwise, which meant that this capital was indeed Li Dong's private money.
As soon as Yuan Chengdao's voice fell, seven or eight reporters quickly asked questions.
At this time, everyone couldn't care less about raising their hands. There were too many implications in this matter.
Not only was there a problem of 2 billion, but there was also a piece of news that Li Dong's source of funds was not just from Faraway Group.
Up to 2 billion in funds, without any signs in advance.
Not to mention Jiangbei, even in China, there weren't many groups that could come up with such a large amount of cash flow at one time, let alone private individuals.
How old was Li Dong, and how long had Faraway Group been established? Where did Li Dong's money come from?
Seeing everyone scrambling to ask questions, Yuan Chengdao coughed lightly and said, "Everyone, be quiet. Ask one by one. It's so chaotic now, it's a waste of everyone's time."
When the reporters gradually calmed down, Yuan Chengdao pointed to one person and said, "You ask."
The reporter who was called stood up excitedly and asked loudly to Li Dong, "General Manager Li, can I ask you directly?"
Li Dong nodded slightly.
The reporter said excitedly, "Thank you! Previously, President Yuan said that you personally injected 2 billion into Faraway Group. I think everyone is now concerned about the source of your funds. Can you reveal it? "
Li Dong smiled faintly and said, "The source of the funds must be legal and compliant. Otherwise, do you think I would inject funds into Far Away at this time?"
"Everyone thinks that Far Away has no money and that Far Away is short of funds. In fact, it's just a rumor."
"Far Away has no money? Last year, Faraway Group invested more than 10 billion. If there is no money, then where did these investments come from? I'm not afraid to tell you that the total debt of Faraway Group does not exceed 4 billion.
This time, I injected 2 billion into Far Away, and the total debt of Faraway Group is less than 2 billion.
How much is Faraway Group worth?
I'm not bragging. If I say it's worth 20 billion, then it's definitely worth that much money.
Far Away, which has a market value of 20 billion, will go bankrupt because of 2 billion in debt?
Not to mention, Far Away's monthly profit is more than 300 million. Even if I don't do anything now, Far Away can pay off all the debts in a year.
What does it mean for a group worth more than 10 billion to have no debts?
Some people understand, some people don't understand, and some people pretend not to understand even if they understand. These are not important.
The important thing is that the 2 billion I injected this time is just the beginning. You don't have to worry about where my money comes from. You just have to know that I, Li Dong, am not short of money.
Coupled with the bonds that Faraway Group is about to issue, half of which has been subscribed in advance. Soon, Far Away will have an injection of up to 2 billion in funds.
In this case, am I short of money?
Those who want to spread rumors, investigate first before you spread them next time. Be careful, or else I will spend billions to scare you to death next time!
Don't think about those crooked ways all day long. Isn't it good to do business well? Why do you have to do such a thankless thing?! "
Li Dong said a few words, but he did not directly reveal the source of the funds.
However, everyone didn't care about this at this time. As soon as he finished speaking, the previous reporter hurriedly said, "General Manager Li, you mean that the rumors of Far Away's capital chain in crisis were deliberately spread by someone? Can you tell us the specifics? Is it a personal grudge, or a malicious business competition, or some other reason … "
Li Dong pressed his hands together and said, "Let's not talk about this first, but I understand the inside story. Some people are used to being a rat. Now that the other party is announced to the public, others will think that I am slandering them. If necessary, Faraway Group will take legal measures to protect its own interests. "
Seeing that there were still reporters who wanted to ask questions, Li Dong waved his hand and said, "Everyone, calm down. President Yuan hasn't finished yet."
Everyone reluctantly quieted down. Yuan Chengdao saw this and continued, "Third, General Manager Li will fulfill the promise made at last year's annual meeting in the near future. Before May, General Manager Li's personal donation of 500 million in cash will soon be in the account of the Distance Charitable Fund.
At that time, I welcome everyone to supervise. Faraway Group's support for charity has always been obvious to everyone.
Many people said that Faraway Group only knows how to make empty promises. Everyone will wait and see.
In addition, Faraway Group's donation of 200 million in cash will soon be in place.
Next, the Distance Charitable Fund will officially start operating. Charity is our unshirkable responsibility. At that time, I welcome everyone to supervise and care for the growth of the Distance Charitable Fund.
Your media has always been the pioneer of charity. This time, we also hope to use your power to provide us with some appropriate help, so that the Distance Charitable Fund can help more people in need … "
Everyone didn't know what to ask at this time.
Was Faraway Group short of money?
Was Li Dong short of money?
Li Dong's injection of 2 billion in Faraway Group was not enough. In the blink of an eye, he took out another 500 million in cash and invested it into the Distance Charitable Fund.
At this time, who would believe that Li Dong was short of money?!
Moreover, Li Dong was a mysterious guy. No one could figure out his background.
He took out 2.5 billion in cash just like that. Was this something an ordinary person could do?
Whether he had a backup plan or not, no one knew.
Far Away Group's capital chain was broken, but now, it highlighted Li Dong's greatness.
He was just a young man in his early twenties. How could he have such great ability?
Even if Li Dong borrowed the money, it was also his ability to borrow more than 2 billion in a short period of time.
Not to mention that this money could not be withdrawn in a short period of time. In the long term, he had a cash flow of billions. As long as it was not illegal, it could reflect Li Dong's power.
Just as the reporters were stunned, Yuan Chengdao continued, "Fourth, Faraway Group and CCB previously negotiated a loan. The reason why I want to emphasize this is that this is an unsecured loan of up to 1 billion, and the loan period is five years.
The reason why CCB dares to issue a 1 billion unsecured loan to Far Away is because we have the ability!
Even CCB thinks that we have no problem. Do you think the giants in the financial industry are so irrational?
Rumors are rumors, and the truth is the truth.
This 1 billion loan injected Far Away, coupled with the 2 billion previously injected by General Manager Li, and our existing cash flow, Far Away's cash flow will soon exceed 5 billion.
In addition, our bond issuance has begun, and there will be another 3 billion funds coming into Far Away.
Eight billion in cash, this is Far Away's foundation and strength.
You can ask those large groups with assets of tens of billions and hundreds of billions, and ask them if they can raise so much cash in just one month.
I dare not say that there are no, but it is definitely a minority.
Such a company, do we still need to question it?
In the next few years, Faraway Group will only get better and bigger. Some people will question what we should do when the debt matures in a few years.
To put it bluntly, at that time, would billions still be a problem for Far Away?
And once Far Away goes public, it will not be difficult to raise billions based on the current scale. I have even underestimated it by a lot.
In this case, there are some things that I don't need to specifically explain. Everyone should also understand the trick. "
Everyone nodded quickly. Eight billion in cash flow, that was definitely not as simple as a number.
Don't look at some companies in the outside world that often have acquisition funds of billions and tens of billions, and some investment projects can even reach as high as 10 billion. In fact, it was all nonsense.
Acquisition funds as high as billions did not mean that they really had to come up with billions. Sometimes one or two hundred million could solve the problem, and the rest could be paid through share swaps or other methods.
Investing 10 billion in a project, let's not talk about whether it was empty talk. Even if it was true, this kind of investment would last for a long time.
Generally, it would take at least three to five years. In other words, it was only two to three billion a year.
Were there many such projects in the country?
Very few, because even if they were bragging, there was a limit. Most groups would not make such a big empty talk.
Now Faraway Group's cash flow alone could reach 8 billion. Although Yuan Chengdao may have bragged, everyone could see with their own eyes that there was 6 billion. This was not fake.
Thinking of this, everyone could not help but think of the malicious competition that Yuan Chengdao and Li Dong repeatedly mentioned.
Who was the one behind this rumor?
The first thing that came to everyone's mind was the big groups, Huarun, Wumart, Gome …
But no matter who was behind it, Far Away's counterattack was obviously successful.
Faraway Group did not beat around the bush. Instead, they told everyone face to face that they were not short of money. It was their business to be jealous, and it was useless to spread rumors.
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