Chapter 480 Parting on bad terms

Chapter 480 Parting on bad terms

Chapter 480 Parting on bad terms
"Uncle Lin."

"Thirty points of Lixin Textile, how much is it worth? I want to exchange it for ten points of Pegasus sneakers." Yin Zhaotang sneered and brushed the dust off his collar, his tone was already very impolite.

"It's my first day out here!"

Lin Baixin spread his hands and said, "This is how business works: integrating resources for mutual benefit and win-win results."

"One person can't earn all the money, so you should give way to the younger generation."

Yin Zhaotang figured out what Lin Baixin had said, and was too lazy to waste words. He supported himself on the table with both hands, stood up, straightened his tie, and said, "Thank you, Uncle Lin, for treating us today. Let's get together again when we have time."

"Flashed."

Lin Baixin did not stand up to see him off, but sat upright in the main seat and shouted, "Ah Tang, if you are interested, think it over and call me."

"Mr. Yin, I'll take you there." Lin Jianyue stood up and said. He immediately turned his left hand to stop him and said, "No need, Mr. Yue, stay with your father for a while."

The group left in a hurry.

Peter Lam turned his head and said, "He's really good at putting on airs. He won't even talk to me for a few more words."

Lin Baixin was not angry. He picked up the bird's nest, tasted it, and waved, "Ayue, sit down and continue eating. Don't waste it."

The two of them sat at the table and drank the soup to fill their stomachs. When Dad put down his bowl and chopsticks, Peter Lam advised: "Dad, this is a business worth hundreds of millions, let's talk slowly."

"If you push Shen Xian Tang too hard, you might as well let the duck fly away."

Lin Baixin twisted the napkin, wiped the corner of his mouth, and said with a smile: "If you don't push young people, they will still dream. In the business world, you have to seize opportunities and know how to exert pressure."

"Fire the bodyguards at home."

Peter Lam was annoyed that his father was too long-winded. He smoked a cigarette and said impatiently, "I know, I know."

Zuo Shou followed the boss into the Rolls-Royce, closed the door, and cursed: "Lin Baixin, that old loser, is like a lion with a big mouth, trying to eat Pegasus!"

"How much is Lixin Textile worth? It's less than 500 million. If you want to compete with Pegasus 3 to 1, you're dreaming!"

As an assembly line industry, the textile industry has already distributed the profits earned in previous years. The remaining machines and factories have to be depreciated every year, and those that cannot keep up with the market have to be eliminated.

Pegasus’s land, factories, stores and fixed assets in the mainland are worth hundreds of millions.

Plus brand value.

The annual revenue in the future will reach more than 1 billion.

One is like the rising sun, and the earnings will rise visibly, while the other is like the setting sun, and the prospects are bleak. Lin Baixin dared to ask for a 1:3 equity swap because he knew that Pegasus was in urgent need of goods and was considerate enough to intervene.

If the Lin family is willing to take the entire shares of the Lai Sun Group and make a 1:3 exchange, Yin Zhaotang is willing to negotiate for the sake of its real estate and hotel industries. After all, the Lai Sun Group has an annual revenue of 700 to 800 million, and the total market value of the large group exceeds 10 billion, making it a leading enterprise in Hong Kong Island.

But with only Li & Fung Textile, including the subsequent investment in building factories in the Mainland, the requirement for equity swap is tantamount to asking Pegasus to cut its losses.

Moreover, Li & Fung Textile has a branch in Taiwan, and some Taiwanese politicians and gangsters have stakes in it. If Pegasus swaps shares with Li & Fung Textile, its equity structure will be tainted with Taiwanese capital.

It's okay in the short term, but in the long run, it will be very detrimental to the company's development.

There is no problem with placing orders for purchases, but you must not exchange shares with Li & Fung!
Yin Zhaotang sat in the car with a stern face. He took the cigarette handed to him by his left hand and told Li Xin's calculations: "Uncle Lin is sure that Pegasus is entering a period of explosive growth. He wants to make money by controlling the supply of raw materials. Olympic advertising is time-sensitive. If we don't expand now, it will take five or ten times the effort to enter the overseas market." "Doing business, sometimes, is all about opportunities. The Olympics is an opportunity for Pegasus. It seems that we can't sit back and watch the opportunity fly away. Holding a carrot in one hand and a stick in the other, both are using the supply of raw materials as a card to play."

"Pegasus cannot be controlled by others."

Zuoshou helped the boss light his cigarette, put away the lighter, and exhaled: "But advertising does have a time limit. The Olympics are over, and the Paralympics are not getting enough attention."

“It’s best to finalize the contract with European and American agents as soon as possible.”

If you want to sign a contract with a foreign agent, you have to get the production capacity. Otherwise, if the agent opens a store and fails to receive goods for a few months, everyone will have to send Feima a letter of complaint.

At this time, the most critical raw material has indeed become a trump card for Lai Sun. In terms of business acumen, Lin Baixin is impeccable. But Lin Baixin forced the wrong person.

Yin Zhaotang had regained his composure, and he put down his hand and said, "Don't worry. We don't rely on luck to make it in this world. You know how long the company has been preparing for the Los Angeles Olympics. There will be similar opportunities in the future."

"Big international brands must be able to transcend historical cycles. For example, Converse, an American brand that makes canvas shoes, was worn by people in the Qing Dynasty, the Republic of China, and some people are wearing it now and will continue to wear it in the future."

"In my mind, Pegasus No. 1 is like Converse canvas shoes, which can be sold for centuries. Pegasus will become the Converse of the sports world."

"Now, our opponents think we are in a hurry, so we have to slow down."

The anxiety in Zuo Shou's expression was gradually calmed down. With bright eyes, wise and clever, he nodded and praised: "Boss, you are right."

"We are not in a hurry, it is them who are in a hurry!"

"Take the next step step by step."

It seems that as long as Pegasus lets go of its obsession with expanding its business, it will have a lot of room to maneuver, and Li Xin's pressure will become ridiculous.

Of course, businessmen value immediate interests the most, and everyone will desperately dig for gold during the boom period. Small equity swaps, big bet agreements, and equity redemptions.

If you are only interested in money, the equity swap of Lixin is actually very tempting. It can solve the supply of raw materials at one time, without paying a penny, and there will be paper profit.

But it will lay hidden dangers for the future.

When everyone is desperately trying to expand their business, being willing to slow down shows your business acumen and strong heart.

However, being a step slower does not mean surrendering.

Yin Zhaotang flicked the ash off his cigarette and told us how to deal with it: "First, contact the mainland and send a few batches of used yarn and fabrics. Ask all over the country if there are any companies that can make it. As long as there is a factory that can do it, immediately invest money in production and place a large order. Second, change centralized procurement to decentralized procurement. Go to Singapore and Taiwan to find a few more factories, buy goods and factories, and take a two-pronged approach."

"Third, reduce the number of stores in the foreign agent contracts to reduce the supply pressure. At most, you can earn less, but don't lay landmines for the company."

Zuo Shou nodded slowly, feeling that it was all right, but thinking of the difficult agent, he couldn't help but sigh: "If those foreigners ask, I will say that the company has no plans to expand significantly and will focus on Asian business?"

Yin Zhaotang shook his head. "The foreigners are so smart that we can't fool them. To be honest, the Pegasus brand has always been a boutique strategy. We don't pursue a large number of stores, but we pursue quality. We will make detailed agreements on the location of the store, the store area, and the number of people to serve. We will do it slowly. After half a year or a year, the supply of raw materials will definitely recover."

There is no shortage of textile technology in China. As long as we don't rush for quick success and give the country some time to prepare equipment and develop products, there will be no problem in providing raw materials to Pegasus.

If it weren't for the fact that Pegasus had been looking for Lixin to centrally purchase goods for a long time, the domestic textile industry would not have found any opportunities. Some textile factories had already started research and development and were ready to supply goods.

Now, Li Xin’s backstabbing is actually creating opportunities for the domestic textile industry.

(End of this chapter)