Chapter 1677

An interim meeting was held with the car board, and all the directors came because Malfoy, the president of the company, brought back important news.

They all know that Malfoy went to see Ralph, CEO of wind and rain holding group, and he must have brought back good news. Now they are big businessmen who don't know, wind and rain holding group can't spend enough money.

If you say you don't know, you're not a big businessman.

"Malfoy, what's the situation? Tell us about it." Saul, chairman of Tongyong automobile company, was not sad or happy.

Malfoy nodded and said loudly, "everyone, you see two pieces of information in front of you, right? The red one is our terms, the blue one is the terms of wind and rain holding group."

"The conditions of Fengyu holding group are very simple. Fengyun holding group agreed to use cash to purchase some of our assets. Note that it is all in cash. There is no need to pay for shares or postpone payment. The conditions are much better than those given by the previous two companies."

"But at the same time, all the assets they want to buy are our high-quality assets, even including brand assets such as Chevrolet and Buick, and those brand assets we want to get rid of, they have no interest at all."

"The current situation is that the business of our co use vehicles has been seriously affected. After that attack, in order to stimulate sales, we made a sales mode of providing customers with a five-year zero interest loan. In the next few years, we continued to expand the models and brands of this sales mode, and put forward more preferential measures. "

"In the first few years, our sales soared, firmly occupying the top position of the world's production and sales, and we are recognized as the world's first automobile group. At that time, our co financing and credit companies could also provide our company with high profits through credit and investment. "

"But at the beginning, we decided to enter the field of real estate credit and did too much. Like some other real estate financial companies, we have issued too many subprime loans, which leaves us with too much risk. "

"It's different from the car. The price of the car is far higher than that of the house. Although there are many cases of inability to repay the loan in the car loan, the loss is not big. Our financial credit company's profit can fully bear this part of the loss."

"However, different from real estate, the loan amount of real estate is higher, and the situation of unable to repay the loan has become more and more serious since last year. The proportion of bad debts has gradually increased. Our most powerful co financing credit company has also suffered losses. Those mortgaged houses, also because of the devaluation of the house, let us not receive the investment at all. "

"At the beginning, I didn't agree to enter the real estate loan field, but there was no one on the board of directors to support me. In the past, I don't want to talk about it any more. If we want to pass through the difficulties now, we must sell some assets or shares. In my opinion, it tends to be sold to wind and rain holding group. We need to discuss which assets to sell. "

Malfoy said some of the company's difficulties, and pointed out that these difficulties were not caused by his improper operation and management, but the result of the decision of these directors. He was just the president and a senior worker.

He did not say his final decision, but left the burden on the board. As for the final decision, he has only one right of suggestion at most. If the board of directors decides, he can implement it.

After hearing Malfoy's words, some of the directors looked unhappy. Is Malfoy accusing them? It's just a president who dares to blame these directors.

But it's said that Chairman Saul intends to nominate Malfoy to the board of directors and serve as executive director. Maybe that's Malfoy's bottom line.

No one of their directors thinks that the same car will not get through the difficulty. Because they are the same car, the world's first car group!

Of course, they also know that some brands do not make money, and the money is still a lot of losses. At the beginning, the pace of expansion was too fast, but now it seems that it is a little excessive.

It's something many big companies have gone through to shake off some bad assets and carry out a restructuring. Many companies that don't lose money have also made these decisions. The same idea has always been shared by car companies.

But no one is a fool. Who is willing to take over those bad assets? They can only find a way to tie-in, that is, to use some high-quality assets, combined with non-performing assets, so that it is possible to sell.

Of course, there is another way, which is to get bad assets to a company, go bankrupt directly, and get rid of the burden.

But in this case, not only the operation is very complicated, but also a large amount of money needs to be turned around, and at least one shareholder needs to make a sacrifice. Who is willing to sacrifice? What's more, it will also have a bad impact on the brand of the same car. The world's first car company will go bankrupt?

Those directors look at some assets listed by Malfoy for sale, and they are not happy. There are too many high-quality assets listed, right?

But after they saw the assets that wind and rain holding group planned to acquire, they were really furious!that 's going too far!

All of the above listed are high-quality assets of the same car, and all of them are still profitable businesses. We want capital to get through the tough times, but we have sold all the profitable businesses. Isn't that brain damage!

"Malfoy, do you recommend us to cooperate with such enterprises?" One of the directors could not help exclaiming.

Malfoy said calmly: "it's just the goal of the other side. Everyone knows that it's absolutely impossible. The wind and rain holding group must also know that. It's just a negotiation. How can the terms of the two sides be the same? "

Asking for money all over the world, paying back money by sitting on the ground, as is often the case in business.

Saul saw that other directors also wanted to speak, and he directly said: "in our situation, Malfoy has also told you that now wind and rain holding group is the only enterprise that wants to acquire our business, and can make sufficient cash in the shortest time."

"In addition, the other party only said that it intended to purchase, but did not say what conditions. We can offer some conditions, such as to buy some brand businesses, we must purchase some brands, factories and so on together."

"This is a matter concerning the interests of all our shareholders. It is also a matter of convening the board of directors and discussing it. We all think about how we should negotiate with each other. "

All the directors were silent, and none of them wanted to be the first. In case someone knows later that XX brand was sold at the beginning, which was proposed by XX director, then the employees of those enterprises are dissatisfied, so they don't come to him directly?

Seeing no one to say anything, Saul ordered: "everyone goes back to make a sale plan, and the meeting will continue tomorrow. The longer it takes, the worse it will be for us! "

…… (to be continued. )