President, This Is Really a Misunderstanding! - CH 59

Chapter 59: BOSS of Tajian Electroning (Part 1)

“What happened?” Zhou Xuan walked over and asked.

“Boss, you are here…This is Chairman Xu of Tajian Electronics. This is Zhou Xuan, the boss of Bright Moon Investment Company.” Liu Neng saw Zhou Xuan came and immediately made an introduction to both sides.

Director Xu?

Shengyuann?

Zhou Xuan looked at the elderly face with some surprise.

Zhou Xuan already heard of this name.

The director of Tajian Electronics Company held more than 40% of the shares of Tajian Electronics and had the absolute right to speak on behalf of the board of directors.

He was also the biggest BOSS in the enterprise.

In the year that Zhou Xuan just entered the industry.

Tajian Electronics.

Xu Shengyuan.

These two names go hand in hand.

At that time, banks were begging for loans from TE, desperately trying to put money in TE’s hands.

Because if they could just lend the money to TE, they would just have to wait for interest and principal.

As a result, bank managers, vice-presidents, and even presidents had to eat with him in order to put money in the hands of Tajian Electronics.

Many banks relid on Tajian Electronics for billions of dollars a year.

At that time, the view of the Tajian Electronics was nothing.

Almost all electronic accessories and parts were purchased from them.

Up to the electronic accessories of refrigerator color TV, down to the small parts of mobile phone, radio, screen, etc.

But in recent years, Zhou Xuan has heard very little about Tajian Electronics.

He didn’t expect to see Xu Shengyuan, the director himself, here.

The other reason Zhou Xuan was surprised was because Xu Shengyuan, the big BOSS of the electronic giant, actually personally.

To be honest, it’s a bit off and not something of his qualification should be doing.

But.

Zhou Xuan also read a message from this point, Tajian Electronics was now a corporation that could be very difficult to fund.

Otherwise, Xu Shengyuan would not personally come out, saving him his face.

“Boss Zhou, your name has been ringing in my ears in recent days!” When he heard Zhou Xuan’s name, Xu Shengyuan turned his eyes and looked at Zhou Xuan. He wanted to shake hands.

But he was a little unsteady, and a girl who had been following him hurried forward to hold him.

“Slow down, Grandfather,” said the girls beside the old man.

Zhou Xuan saw this, quickly walked two steps, held Xu Shengyuan old and shaky hand, then said. “You can’t be serious, sir. Tajian Electronics, your name, for us juniors, is really thunderous.”

Seeing Zhou Xuan and his considerate little action, the girl on Xu Shengyuan’s side can not help looking at Zhou Xuan more.

“What’s the use of thunder…” Xu Shengyuan smiled and sighed, shaking his head slightly.

“You came to Bright Moon Investment Company to as for investment for your projects?”Asked Zhou Xuan.

According to the name Tajian Electronics.

Zhou Xuan’s mind quickly recalled yesterday’s review of several stocks.

One of those stocks, which had been falling and performing poorly, was the one at Tajian Electronics.

For a once-big business, it was not too much to say that its stock performance was on the verge of bankruptcy.

“Yes, Boss Zhou, would you like to take a closer look at our project plan?” Xu Shengyuan looked at Zhou Xuan and asked.

The old man’s eyes held some hope.

“Of course. Why not?” Zhou Xuan nodded. “Let’s sit down in my office to talk, Liu Neng, make someone pour some tea.”

Tajian Electronics was one of the companies that Zhou intended to visit.

Now, it was delivered to his door. Zhou Xuan was naturally eager to understand more about the situation.

—

In the general manager’s office.

Zhou Xuan and Xu Shengyuan, as well as the girl, sat.

This was Jiang Ming’s original office, which had been cleaned up.

The tea was quickly served.

“Mengqing.” Xu Shengyuan said softly.

The girl sitting beside him immediately handed a stack of documents to Zhou Xuan.

“Boss Zhou, this includes the project planning, the recent financial report of the Tajian Electronics. Please take a look,” Xu Shengyuan said sincerely.

“Well, I’ll trouble you to wait for a bit.” Zhou Xuan nodded slightly, did not say much, immediately checked the contents of the document.

The first was earnings.

This was the most important criterion to look at for an investment company to judge whether to lend and invest to a business.

Profitability was everything.

If it’s a continuing loss, it had to be negotiated.

After all, what if they couldn’t afford the money?

The money that couldn’t be collected back would become a bad debt.

Zhou Xuan only looked at the financial report, frowning deeply.

The results were a mess.

Judging from the results of the last year, TE had been in a loss.

Turned to see a year of earnings, but also almost all losses.

More than that.

In addition to continuing losses, they had more than $2 billion in debt.

These were all loans from the bank, no repayment.

Seeing this, Zhou Xuan finally understood why Liu Neng showed a helpless expression.

It’s a loss and a debt. Who would dare to give money to a company that could fail at any time?

Most people would be afraid just seeing the financial report, and they would even be too lazy to check the project plan. They would simply directly shake their heads.

This was a bottomless pit.