Chapter 923: Rare Earth Resources!
Whether in the past or in the modern era, the biggest purpose of enterprises as the main carrier of economic activities is to obtain profits.
This point cannot be changed no matter when.
However, when an enterprise develops to a certain scale, it will fall into a vicious circle - because the organizational structure is bloated and inefficient, and the capital turnover rate is reduced. Once the two are combined, it will seriously affect the normal operation of the enterprise.
If you don’t continue to maintain a certain profit growth rate under this state, the company will go downhill.
If some decision-making mistakes occur and the company loses money, it is likely to cause a break in the capital chain.
In modern enterprises, the capital chain is the most important indicator of whether a company operates healthily. Some companies seem arrogant and have a good business, but they are likely to expand blindly and expand their territory with high debt. If it is not good, it can be wiped out in minutes.
However, in contrast, some companies are lukewarm but always maintain a high capital turnover rate and can withdraw a large amount of available cash from their existing businesses at any time. Such companies will live a very prosperous life.
For example, Lao Ganma.
Zhengxin is a force that transcends these two beings, and has a rapid development and a thick capital chain. I have money and can be willful, and I don’t know how many companies have envied.
If Mason didn't tell him, Li Fanyu, who hadn't been in the United States for a long time, really didn't know the inside story. Now when he heard this news, he felt a little pitiful to Old Jones.
It seems that complaining to me on the plane before was not the old guy who was completely fooling me. Roger Jones's company is not doing well now.
His eyes rolled around and asked, "How could this happen? When I was in contact with Jones before, I saw that he was still very comfortable?"
"Ha, what do you know?" Mason crossed his legs. "Since Old Jones retired and his youngest son took over as the chairman of the group, he began to expand large-scale financing and expansion in an attempt to further expand Roger Jones' market share across the United States and around the world. This is a guy who is above the top, not only has started to make big moves in the warehousing and logistics field, but also has a lot of side businesses like rare earth mine development. These are investments that are expensive and slow to take effect and are risky.
Since last year, rumors have been circulating that Roger Jones's company has overinvestment and its funds are so tight that it cannot maintain the healthy operation of the company. I estimate that perhaps in order to keep the bank and shareholders confident, they mortgaged part of the property and received some financial support.
But those overseas rare earth mines that Jones Jr. are optimistic about have not achieved the high returns as expected. Now their bank repayment season is coming soon. We can't raise money, and the capital chain has been broken. I don't know how many times it is."
So serious?
Li Fanyu sighed, "Why did Old Jones yell to replace the company with a new truck? Let's get it, what's the exchange for him?"
Mason curled his lips, "Haha, Old Jones is a man with great skills. Judging from the fact that he contacted you and wanted to replace trucks for their warehousing and logistics business, this old guy is not really confused yet.
These two parts of the business are the foundation of Roger Jones. Old Jones may have wanted to integrate the core business first and create momentum while the bank repayment season has not arrived.
First, we can revive this part of the previously ignored business, and second, we can also send signals to the outside world, give shareholders and banks confidence, and delay the crisis and fight for time to save the crisis.
Otherwise, you said he could travel thousands of miles to find you at this critical moment?"
Li Fanyu slapped his head.
Routine.
A routine!
I thought I was extremely smart and wise, and saw through the hideous face of the old capitalist at first sight. Unexpectedly, in the end, I was still kept in the dark.
Fortunately, I didn't agree at once, but gave it to Mason, giving things room to ease. Otherwise, I would have been roasted on the fire by that hateful old guy!
However, when Li Fanyu learned of Roger Jones' current situation, he became interested.
"Mason, can you take advantage of his illness...you want him?" Li Fanyu flew at Mason.
To be honest, although the warehousing and logistics industry is not a profitable industry, it is stable. As long as it is managed properly, even if it has been done for a hundred years, there is no reason to lose money. Moreover, this industry requires a large number of transportation vehicles, which can be effectively integrated with Zhengxin to form a secondary industry.
Wouldn't it be nice if I could take it over!
"That's exactly what I'm going to tell you, boss." Mason nodded. "I had already contacted Roger Jones yesterday with a tentative attitude. They meant to pay for the replacement of the truck by borrowing or mortgage of assets."
"oh?"
Li Fanyu is not very interested in these things. What else can a company whose capital chain has been broken for many days be worth mortgage?
Unless...it's OK with their warehousing and logistics companies that seem the most valuable now.
Looking at his excited and greedy expression, Mason smiled: "Don't think of so many bosses. Even if you don't lack money, Roger Jones is a business empire with a market value of 50 billion US dollars. Moreover, logistics and warehousing business is related to the economic integration of North America. If you want to buy the company while they are not doing well now, the authorities will not nod."
hiss!
Li Fanyu's balls hurt.
Then this business is a good thing!
I don’t have money, and I can’t use my favorite Xier... No, I’m paying the bill for my favorite things, and want to make money from nothing and let me give them a truck for free?
There is no door!
Seeing his angry look, Mason stood up with a smile, pulled out a stack of files from his filing cabinet, and placed them in front of Li Fanyu.
"Businessman, I think you should be interested in this."
Li Fanyu picked up the stack of documents in confusion, looked closely and a smile appeared on his face.
This is an asset appraisal.
Although it doesn't look formal, the data inside is serious and done in detail.
What is the asset appraisal?
About Roger Jones Company’s Overseas Rare Earth Minerals!
Li Fanyu had thought Roger Jones' rare earth mine was just one or two pieces, but he didn't expect that Jones's prodigal son was so prodigal!
He's so big!
"Boss, I think you are now vigorously developing electric vehicles in China. But you are just in the stage of fighting against battery technology, right?"
Li Fanyu nodded.
Isn't this nonsense? I just redeemed battery technology from xapp, so of course it's useless!
"But electric cars are not just qualified for batteries. Your current bus is based on the large internal layout space and can place high-power motors at will. If you want to go longer, more precise and powerful in the field of electric cars, and remind smaller motors is also another important part.
You know, if you want to build a motor, you cannot do without permanent magnet materials. And... if you want to build a precision high-performance motor, you cannot do without rare earths! In the future, as long as you want to make a difference in electric vehicle power, the demand for rare earth resources will definitely not be small."
Li Fanyu got instantly.
"You just said that Jones Jr. has invested a lot of money and thoughts on this rare earth mine. Are you sure you can take this opportunity to take it down?"
Mason groaned and said that the nature of the profiteering business was fully revealed. "Jones Jr. is now being impeached by the old Jones Joint Board of Directors. Do you think they are eager to revive their core business now, will they agree?"
Speaking of this, Li Fanyu had a clear idea.
He patted the asset appraisal form heavily, "Then let it go! Grandma, take him down!"
In front of Mason, he didn't say a word next.
Chapter completed!