Chapter 439
The manager continued, "Your company's top-notch quality perfectly matches our bank's standards."
I was secretly blown away, thinking, 'Is this Aneirin's magic at work? Unbelievable!' I couldn't help but ask, "What's the loan amount?"
"Three hundred million dollars in credit, three hundred million dollars in collateral! We've evaluated WY Media Company Group. Your company currently has 1,800 employees, involved in media, new media, beauty, and real estate. The valuation is around four billion dollars. We need 20% of WY Media Company Group's shares as collateral!"
I thought, 'He mentioned WY Media Company Group, not its subsidiaries. And, isn't a four billion dollar valuation too low?'
WY Media Company's valuation wouldn't be less than two billion dollars, with over a billion dollars in revenue in just over two months, and a net profit of over three hundred million dollars.
The monetization capability of new media was also very strong, with a valuation not less than eight hundred million dollars. Then there's VelocityMart and logistics. Currently, the two projects combined wouldn't be less than two billion dollars.
And Ruyi Cosmetics, selling over four million units in just over a month, an astonishing number, with other cosmetics companies offering fifteen hundred million dollars! Dance Fusion Hall and EchoSphere combined were valued at one to two hundred million dollars.
So, WY Media Company Group's valuation easily exceeded six billion dollars. Although it was just a valuation, it still showed the potential of WY Media Company Group.
Twenty percent of the shares far exceeded a six hundred million dollar loan. So I said, "Twenty percent is too much, at most ten percent!"
"Fifteen percent! No less. I personally see the potential of WY Media Company, but the company has been established for too short a time, full of uncertainties. We are taking a big risk by offering a six hundred million dollar loan."
"Deal!" Although it felt a bit like a loss, with this money, the company should be able to sustain itself.
The loan officer took out the contract. "This is the equity pledge agreement, and this is the loan agreement. Sign them, and the loan will be disbursed this afternoon."
I called Savannah in, checked the contract, and after confirming it was correct, signed my name. By 5 PM, six hundred million dollars had been transferred to the company's account.
To thank the loan officer, the company opened a new account at their bank, and all future transactions would go through their bank, making him very happy.
Marry looked at me curiously. "How did you manage it? Submitting documents in the morning and getting the money in the afternoon."
I hugged her and said with a smile, "Don't worry about how the money came, just know that six hundred million dollars are at your disposal."
"With six hundred million dollars, we can do many things we didn't dare to do before." She said with determination.
I went to the VelocityMart department. "What's the daily revenue now?"
A staff member replied, "Around thirty million dollars!"
"And the number of active fans?"
"Around ten million! Thirty million downloads!"
"The promotion isn't enough yet; keep pushing harder!"
Thirty million dollars in daily revenue, that was nine hundred million dollars a month, with high profits, even higher than the media company, but now money was needed, and the investment was higher.
I asked, "How's Global Reach Logistics doing?"
The staff replied, "They're about the same as us, and they're opening up areas quickly. Except for a few remote regions, they've opened up everywhere they should!"
"And the number of daily active users?"
"Around twelve million, with forty-five million downloads."
"So many?" I frowned. "What about the positive reviews?"
"The positive reviews are average, many are counterfeit products!"
I nodded, this was also a common tactic in domestic e-commerce. Why didn't I jump on the nationwide expansion bandwagon? Simple—supply issues. If I couldn't guarantee genuine products, I wasn't about to sell knock-offs. Sure, it was profitable, but without the capital to back it up, losing credibility would be game over.
I said, "We've got to keep quality in check. If something gets damaged during shipping, replace it within seven days. No excuses!"
Just then, the project manager chimed in, "Mr. Cena, why don't we invite merchants to join?"
I shook my head. "Bringing in merchants might make quick cash, but it comes with too many strings attached. Not happening anytime soon. Right now, we've got enough foreign supplies. Remember, quality and service come first!"
Someone rushed over, looking panicked. "Mr. Cena, Global Reach Logistics is bad-mouthing us. They're saying we sell fake goods—high-quality counterfeits exported and then re-imported!"
I glanced at the news and couldn't help but laugh. Only idiots would write such nonsense, fooling only the clueless. The irony? Many people didn't get how luxury goods were actually made. A lot of them were produced domestically, shipped abroad, and then brought back, with prices jacked up along the way! But luxury goods had high tariffs, so usually, the shipped items were semi-finished products.
I said, "Don't forget what we stand for. Fight back! We can't let this slide. Find evidence and spread the word that they're the ones selling fakes."
"Got it, Mr. Cena!" That day, various platforms were buzzing with trending topics.
One of them was about VelocityMart selling fake goods. It stirred up a lot of backlash, but the upside was a spike in downloads and daily active users.
That night, I got a call from Leofric. "John, good news!"
I asked, "What good news? Did Stellar Estates give up the land?"
"Exactly!" Leofric said, "Several companies reported them, and Joyville County couldn't handle the pressure. They came out to clear the air. The land's going back up for auction tomorrow."
I was thrilled, thinking I wouldn't get that piece of land. But Stellar Estates' past violations had finally caught up with them. "Did you report them too?"
Leofric laughed. "I've had it with Stellar Estates always going against my family."
"Alright, got it. See you tomorrow!"
I hung up the phone, and Lauren immediately clung to me. "Are you heading to Joyville County tomorrow?"
I replied, "Yep, we should be able to snag that land."
"Will the financial pressure be too much? Should we use the same tactics as them?"
I pinched her chin. "Once we secure the land and get the pre-sale permit, the funds will roll in within a month or two. What are you worried about?"
The company burned through money fast, but it also made money fast. By then, we should be in the clear. Lauren said, "I feel a lot of pressure, afraid I won't do well!"
I smiled and teased her, "No need to be afraid. With me here, just go for it."
During our time together, Lauren had become even more alluring. "I've never handled such big deals. Without you, I wouldn't even try."
I flipped her over and pressed down. "I told you, conquering the female boss of an engineering company is nothing compared to a real estate director."
She looked at me with watery eyes. "At this rate, I'll get pregnant sooner or later!"
After a few days of rest, I was back in action with Lauren. But this time, without any help, Lauren couldn't keep up and nearly passed out.
Early the next morning, Ava drove us to Joyville County. Leofric was already there, greeting me with a big smile, "John, hey!''
I asked, ''Did you visit Richard on the island these past few days?"
"I did." Leofric said with a grin, "Mr. Harrison wanted me to tell you how much he's loving it there. He has no desire to come back and is considering settling down in Sevan City."
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