Chapter 253: It Seems You’re Quite Confident
Chen Fan left the bank and dialed Lu Jinyuan’s number, "I’m back in Jiangbei. How is the preparation for opening the branch in Pingyun County going?"
Lu Jinyuan let out a wry laugh, "I’ve been getting a headache over this recently. Opening a branch requires a lot of capital. I applied for a ten billion loan from the bank, but there have been some troubles. Let’s discuss them when we meet."
Half an hour later, Chen Fan met up with Lu Jinyuan in a coffee shop.
Sitting down, Lu Jinyuan sighed, "Although Qingfan Pharmaceuticals has become the leader of the Jiangbei Pharmaceutical Industry, we’ve also become the target of all sorts who want a slice of the pie. It’s really worrying."
Chen Fan was puzzled, "Logically, a company of our size should be fully supported by banks when opening a branch. What trouble have you encountered?"
Lu Jinyuan explained, "The banks are indeed eager to help us expand and haven’t refused our loan. However, their vice president, Wang Song, demands that we give him twenty percent of the shares, otherwise, he won’t approve our loan. They’re treating us as a fat sheep ready for slaughter."
Chen Fan frowned, "Shouldn’t paying them interest on the loan be enough? Why should we also give them shares in the new company?"
Lu Jinyuan said, "That’s how it should be, but if we want the loan approved, it has to go through him. Our company has just completed a merger and needs to develop, so we can’t do without a bank loan. He’s aware of this, which is why he’s got the confidence to make such demands."
Chen Fan’s expression turned cold, "He sure has his calculations spot on. Doing nothing and laying back to count money—what a great deal indeed!"
Lu Jinyuan sighed and said, "There’s no helping it; that’s business for you. If we don’t satisfy these people, we can’t think about expanding. I have arranged to dine with Wang Song this evening, to see if I can lower the twenty percent to fifteen, to minimize our losses."