Seeing this, Lin Cheng struck while the iron was hot and handed a draft agreement to Chairman Qin.
“As for the risks, you don’t have to worry. The amount invested by the Chamber of Commerce will be included in the total production in the form of investment funds. According to the draft agreement before you now, your investment is not for a farm, but several food processing and production plants. From the date the factory becomes profitable, the Chamber of Commerce will receive dividends every year in proportion to the investment made.
“This is a condition for the Chamber of Commerce to lend money to the farm.
“As for the interest, I can promise to pay it back within two years, including the money I borrowed here today, as well as the 30 million loan incurred before.”
After Lin Cheng finished speaking, several chamber of commerce members present looked at each other. At one glance, they all saw the look of surprise in each other’s eyes. They couldn’t believe it: is there such a good thing?
According to Lin Cheng, if the Chamber of Commerce lends the money to Lin Cheng today, not only could it be fully recovered within two years, but it will also receive equity and dividends from several factories for free.
It was quite hard not to be tempted by these terms.
…
Among the people inside the conference room, only President Qin was calm. He looked at Lin Cheng and asked, “How do you ensure that your business will make a profit and won’t lose money?” What if the business fails and goes bankrupt? What then?
“There is no guarantee,” Lin Chen said in a sincere tone, which almost made several people in the Chamber of Commerce choke.
Immediately afterwards, Lin Chen changed the topic and said, “However, the current asset valuation of the entire farm is 110 million yuan. Even taking into account depreciation, it will still be worth at least 90 million yuan in two years time. Even if the farm fails and I end up selling the farm, it will still be worth 90 million yuan. This will be enough to settle the debt with the Chamber of Commerce.”
After hearing Lin Chen’s words, everyone present fell silent.
… …
At this time, the screen in the livestream channel was almost obscured by the overwhelming comments.
[Damn it, just sit still and get paid compensation, this condition makes me excited. ]
[As a layman, I didn’t really understand what they said, but I somehow felt that what Lin Chen said seemed to be very interesting.]
[ Me too. After listening to what Lin Chen said, I almost wanted to vote myself. ]
… …
Everyone in the livestream channel was talking, and soon everyone’s topic of conversation turned to Lin Cheng:
[To be honest, Lin Cheng’s negotiation skills made me dumbfounded.]
[Lin Cheng, this is too awesome.]
[Are you sure this was something Lin Cheng came up with just last night?]
[Are you sure Lin Chen is really just a singer? Why do I feel like he is a CEO?]
[If you let Lin Cheng do something else, he might make more money than being a celebrity.]
[Lin Cheng is definitely a person who has been delayed by singing.]
[Before, I always thought that Lin Cheng would overturn in this episode. Now I just want to know to what extent this small farm will be developed by Lin Cheng.]
… … translated by Maela @ whitemoonlighttranslations.com
At this time, in the entertainment company, Wang Xi and Zhou Qi—who were also watching the livestream—looked at the comments on the barrage and nodded, in deep agreement with the viewers.
“Brother Chen, I thought it was impossible before when you said that Brother Cheng graduated from university with a major in finance, but now I believe it,” Wang Xi said, staring at the screen with a look of utter surprise on her face.
Zhou Qi on the side also nodded and muttered, “I feel that he is much more powerful than the CEOs of ordinary companies.”
Chen Yu listened to the chatter of these two people behind him and didn’t say anything. Among the three of them, Chen Yu knew more about Lin Cheng’s family background. Because of this, he was not too surprised by Lin Cheng’s performance in the show this week.
However, Chen Yu was really confused in his heart: Lin Cheng could just inherit the family property and manage the family business, so why did he even think of spending ten years in the entertainment industry with a lukewarm career?
Was it because the brain structure of rich people was different from that of ordinary people? Or was there some wealthy family reason that he didn’t know about?
While Chen Yu complained silently in his heart, he didn’t really take it too seriously.
… …
Back on site with the Chamber of Commerce.
President Qin took the draft agreement given by Lin Cheng and read it carefully. From the expressions on his face and those of the people around him, it was easy to see that they had been moved by Lin Cheng’s words.
“The proposal you mentioned is indeed a good one. We also believe that the farm can reach a higher level under your management, but…”
The conversation tone changed, and President Qin looked embarrassed as he said, “This year, the market is not very good; Mr. Lin should also know this. In addition to some unsuccessful investments made by the Chamber of Commerce in the early stage, the entire Chamber of Commerce is also in a difficult period. The working capital that the Chamber of Commerce can utilize in a short period of time is only about four or five million…”
Knowing that President Qin was deliberately ‘pretending to be poor’, Lin Chen smiled nonchalantly and simply said, “Okay, 4 million.”
President Qin: “…” Wait. Wasn’t he tricked just now?
Everyone in the Chamber of Commerce: “…”
Lin Cheng agreed so readily. Did he only want 4 million from the beginning?
… …
[Whoa, what kind of magic operation is Lin Cheng doing?]
[So what Lin Cheng said about 30 million at the beginning was never his intention at all. In fact, he only wanted 4 million from beginning to end?]
[I saw that the president’s expression seemed to stiffen.]
[Actually, the president of this chamber of commerce was still a little worried about risks and dared not directly lend 30 million to Lin Cheng, but I feel that the 4 million he proposed was actually low to give Lin Cheng some room to negotiate.]
[Lin Cheng: 30 million.
President: 4 million.
Lin Cheng: Hand it over.
President: Wait, why aren’t you following the haggling routine! Do it again, I didn’t perform well!]
[The president may not have thought that he, an experienced Chamber of Commerce President, would be led by the nose by Lin Cheng.]
[I didn’t expect that either…]
[Me too…]
Serve as Contrast Team in a ‘Dad with Baby’ Show translated by Maela @ whitemoonlighttranslations.com
T/N: In case it was confusing, the original 30 million was a loan that needed to be paid with interest. Lin Cheng is here borrowing more money but this amount—while still a loan that needed to be repaid with interest—will be treated as an investment and will have corresponding shares in the farm and will be earning dividends. Generally, a loan (always repaid and usually with interest) is different from an investment (has risks in case the business fails but then also has rewards for when it succeeds).
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