Chapter 161 Win-win Investment

The next morning, it was just dawn.

When Bai Yushan woke up, she saw Yang Wendong already half-sitting and reading a newspaper.

"Awake?" Yang Wendong asked with a smile.

"Yeah!" Bai Yushan nodded slightly.

Yang Wendong's hands moved again and he said with a smile: "Hey, it's still early now."

"No, it hurts a little. You were like a cow last night." Bai Yushan said quickly.

Yang Wendong said with a smile: "The cows can't compare to the fields."

Bai Yushan suddenly said: "Then you should go find Yiyi."

"Why, are you jealous?" Yang Wendong said with a smile again.

Bai Yushan and Su Yiyi also knew of each other's existence, but they had never met each other.

Bai Yushan asked after a while, "Then have you ever...?"

"No," Yang Wendong shook his head.

Although Su Yiyi has a better relationship with himself, the education she received since childhood is similar to that of ancient women. She would not eat the forbidden fruit before getting married.

Besides, the elders still live together.

"Huh~" Bai Yushan said, "You are really good to her."

Yang Wendong smiled and said, "Don't worry, I'm a good person and I'm nice to everyone."

"If my dad knew about this, he would definitely be angry," Bai Yushan continued.

Yang Wendong asked curiously, "He doesn't accept a man marrying multiple wives? I remember you said he also has two wives, right?"

Yang Wendong just found out some time ago that Bai Yushan’s old man Bai Qiwen also had a second wife, and it was a recent thing.

Because his original wife gave birth to twin daughters and never got pregnant again, he wanted to give birth to another son to inherit the Bai family business.

Bai Yushan hesitated and said, "Not really, but he might not be able to accept being a mistress."

Yang Wendong smiled and said, "That's OK. With me, there's no big or small. They're all the same."

"That's just what you said. The outside world may not agree with it." Bai Yushan paused and said, "However, if you become a top wealthy family in Hong Kong, then I think he will have nothing to say."

"That's easy." Yang Wendong said confidently, "Give me another year or two."

Now he has successfully made his first pot of gold, and he has a general understanding of the future world economy. Making money in the future will be like a snowball.

Bai Yushan nodded and said, "Okay, I'll wait for you for two years."

"Hehe, no problem~" Yang Wendong said with a smile.

……

9 o'clock:
Yang Wendong sent Bai Yushan directly to the door of HSBC Bank.

Bai Yushan said with a smile: "Would you like to come in and sit down?"

"HSBC? Forget it. The last time I came here to seek a loan, I was almost kicked out." Yang Wendong said with a smile.

"There's such a thing?" Bai Yushan asked in surprise, "It should be when you just started your business?"

"Almost." Yang Wendong nodded.

"No wonder." Bai Yushan explained: "Although HSBC is not the largest financial group in Hong Kong, it is also the first bank. Generally speaking, they only accept secured loan business;

Only Chinese banks will make an effort to identify different factories, and this is also the current situation of Hong Kong banks. "

Yang Wendong said with a smile: "So, banks prefer real estate, because real estate itself is collateral."

Bai Yushan nodded and said, "Yes, all banks around the world are like this. However, with your current reputation as the King of Post-it Notes, it shouldn't be a problem for you to cooperate with HSBC."

"Well, let's talk about it when there is demand." Yang Wendong added: "Next year, I may expand my business, and I will consider it then."

"Okay, then I'll go to work first." Bai Yushan said.

Yang Wendong said: "Well, learn more about finance, it may be very useful in the future."

"Okay." Bai Yushan nodded.

During the working hours of HSBC, there were naturally many people in suits. Yang Wendong was dressed in casual clothes, which was a bit strange.

He did not stay here for long and returned to the Changxing Industrial factory. The whole factory was busy and the orders for sticky notes could not be completed.

Seeing the boss coming, Wei Zetao also rushed over and said with a smile: "Mr. Yang."

Yang Wendong nodded, and then asked, "Has the second phase of the factory construction plan come out?"

Wei Zetao replied: "It has already been completed. They have already started leveling the land there, and they will be able to start construction after the new year."

"Okay, we already have the experience of the first phase, so we can just follow suit for the second phase." Yang Wendong added: "The same goes for staff training, arrange it as soon as possible."

Wei Zetao agreed and said, "Okay, Mr. Yang, don't worry about this. We already have a lot of people who are proficient in technology and quality. Even if the scale of the second phase is a little larger than the first phase, it will be no problem to transfer people there.

In addition, we will recruit some educated people from outside to serve as team leaders, and even ordinary workers will be required to know a few hundred words. "

"Okay, our employees must be literate." Yang Wendong nodded and said.

Wei Zetao added: "Yes, the HR department has hired some elementary school teachers to use their spare time to teach old employees how to read and write. I think after a year, they should be able to read and write a little."

Yang Wendong nodded and said, "That's good. In the future, we will also gradually improve the per capita quality of our factory to ensure that quality problems are less likely to occur."

Knowing how to read and write does not necessarily mean that one has stronger abilities, but at least one’s learning ability will be much stronger. In this way, product quality will be better guaranteed.

"Yes." Wei Zetao paused and said, "Mr. Yang, we have encountered some problems in the production of trolley suitcases."

Yang Wendong asked: "What's the problem?"

Wei Zetao said: "Lao Hong has not yet developed the structure of the trolley suitcase, but this does not affect my production preparations. In addition to the mold, I need to prepare various equipment in advance.

I checked many plastic factories in Hong Kong and found that they don’t have large blow molding equipment because Hong Kong’s previous products did not use this process.”

"Blow molding?" Yang Wendong thought about it and it seemed that the suitcase was indeed blow molded.

This process is a bit more complicated than general injection molding. In the past, the most common beverage bottles were blown out, but the current technology is not capable of blowing out very thin plastic bottles.

But the suitcase is thick, so it can be blown out, but there seems to be no such equipment in Hong Kong, or there is very little.

Then he asked, "What is the design of Lao Hong? Is the handle integrated with the suitcase?"

Wei Zetao shook his head and said, "It's not integrated, but the suitcase needs to be matched with the trolley, so we also need to make a suitcase. It's not like we have to go abroad to buy suitcases and then assemble them back, right?"

"Yeah." Yang Wendong nodded and asked, "Do you mean we need to build our own factory?"

Wei Zetao replied, "That's not the case. There is a supplier called Dehe. They used to make small blow-molded toys. The precision requirements are higher than those for suitcases. They have similar experience, and their boss said they can do it for us.

It’s just that this requires a lot of investment to build a new factory, because all the equipment needs to be purchased again, so they hope that we can form a joint venture with them.”

"That's what's going on." Yang Wendong nodded and asked, "How much investment is needed?"

Wei Zetao said: "We calculated that we were going to invest in 25 such devices in the initial stage, and each device would cost about HK$1.5. In addition to buying land and building a factory, it is estimated to cost about HK$50.

If we each contribute half, we need to invest HK$25, or we can jointly apply for a mortgage loan from a bank after forming a joint venture.

This amount of money is considered a huge sum for an average factory, so they don’t dare to invest it all by themselves.”

Yang Wendong smiled and said, "I think they asked us to invest not only because of the initial investment, but also because of the guarantee of future orders."

Wei Zetao agreed and said, "Yes, we are all smart people, and he also needs to ensure that we will have continuous orders.

Otherwise, if we don’t give him the order after he invests, he will lose a lot of money. This is not a small product like before. It uses the same equipment as before. We can just change the mold.”

Yang Wendong thought about it and said, "Okay, we can form a joint venture. We won't lose money anyway. We should also help our suppliers and help them grow together."

In the early days, due to the lack of its own production capacity, the development speed of Changxing Industry itself was very slow;

With the success of the Post-it Notes, funding will no longer be a problem, especially since bank funds can be used. As for the production capacity of plastic products, other factories in Hong Kong will also be used.

In this case, new products will be launched faster, and whether suppliers can keep up quickly may become a problem.

Because the order growth after the launch of a hit product is exponential, and the expansion of production capacity, even if promoted by multiple suppliers together, cannot keep up with the speed of orders. In the past, Apple solved the production capacity problem several years after launching its mobile phones.

Therefore, it is necessary to cooperate with suppliers for mutual benefit in order to ensure one's own future interests. Moreover, these suppliers are all capable. Investing in them will also make a small profit. Add to that the factory land, and it will be even less likely to lose money.

Wei Zetao smiled and said, "Okay, then I will prepare to form a joint venture with Dehe, and the factory will be located in Tsim Sha Tsui?"

"Well, Tsim Sha Tsui will be our future industrial base." Yang Wendong nodded and said.

Wei Zetao said: "I understand. I will prepare the first factory first."

……

PS: Please give me a monthly ticket
(End of this chapter)

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