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Chapter 296: Chapter 241: Injecting 150 Million (Please Subscribe!)_1
After parting ways with Huang Qi and his party at the hotel entrance, Sun Chao drove Tang Qing back to school. Today’s dinner was not on Tang Qing’s turf. Before this, he wasn’t familiar with the other party and the matters they needed to discuss were not suitable for Sun Chao to hear, so Sun Chao did not join them. He ate at the hotel downstairs instead. With instructions from Tang Qing, the hotel dared not neglect him and treated him splendidly.
He entered the classroom.
At this point, class was about to start, aside from Tang Qing’s seat which was empty, the other seats were all occupied. Seeing Tang Qing stroll in leisurely, hands empty, the classmates once again felt a pang of envy. To them, he felt like he was on vacation instead of coming to school to learn.
Tang Qing took his seat.
He took out a card from his pocket and handed it to Wang Yan, saying, "Here."
"What?" Wang Yan picked up the card, flipped it over, and looked at it with a puzzled expression.
"It’s a high-level membership card for Sheng Tang Apparel, just got it." Tang Qing smiled. The card from Sheng Tang only has the Sheng Tang logo, while the rest is filled with colorful, beautiful landscape illustrations. It feels a bit like ceramic to the touch and has a considerable weight. However, unlike the extravagance Liu Qian showed, Sheng Tang’s card is only slightly ’more expensive’ than the regular card—an astonishing RMB 1,200 per card.
"High-level membership card? What kind of discount can I get with this?" Wang Yan asked cautiously, placing the card delicately in the handbag inside her backpack.
Seeing the excitement and joy in Wang Yan’s eyes, Tang Qing, not knowing what he was thinking, mumbled, "20% of the original price." He actually wanted to give her a free card, but he thought it would not be appropriate. The concern wasn’t the money, but Wang Yan might read too much into it. After all, in this life, his relationship with Wang Yan had not developed further than being just good friends.
"Great, I will support your business this weekend." Wang Yan chuckled. She had made a promise before that she would wear clothes from Sheng Tang hereafter. So, she was planning to drag her parents to the store to make purchases. As for the card, she was not looking to use it. 20% off in Sheng Tang was virtually selling at a loss. She did not want to take advantage of Tang Qing. Having the card was enough to make her happy.
"Good." Tang Qing nodded and chuckled, without realizing that the girl in front of him did not intend to use his discount card at all.
The bell rang then.
It was time for class.
After the first lesson ended, sharp-eyed Li Kai came over, extending his hand, and said:
"My card."
He unintentionally saw Tang Qing giving Wang Yan a card before. His initial confusion was replaced with realization after he had the entire class to think it over, concluding it must be a discount card from Sheng Tang. Naturally, he couldn’t be left out.
"How come I see you everywhere? Can’t you disappear for a few hundred Chapters?" Tang Qing retorted helplessly.
"Puh-lease, how could that happen? My awesomeness cannot be concealed. I know you have one for me. Hand it over." Li Kai cocked his head and curled his fingers.
"Here, remember to keep it a secret," Tang Qing passed him a card identical to Wang Yan’s. He didn’t want the others at school knowing he owned a company, or else it would cause an uproar. Su Ziwang also did not dare to talk about it in school and helped Tang Qing keep it a secret.
"Got it." Li Kai took the card and glanced at it, nodding satisfactorily, before asking, "Can it be free?"
"Nope, it’s the same as Wang Yan’s, only 20% of the original price." Tang Qing said grimly. Giving a free card to Li Kai was even more inappropriate than giving one to Wang Yan.
"Stingy," Li Kai mumbled.
Tang Qing gave him a glance and remarked, "I’m worried you will clean the store out."
"That is exactly what I had in mind, and you found out," said Li Kai, chuckling.
"You cheeky Kai."
"Whatever, now that I have the card, I don’t need you anymore. Bye."
"..."
...
The next day.
Morning.
Tang Qing came to Sheng Tang again. Dou Jiao and He Zixin accompanied him. Tomorrow, Dou Jiao would be heading to Shanghai with Huang Qi for an inspection, and for the later stage matters concerning those shops, Dou Jiao would need to act as the intermediary bridge. Therefore, it was time to let Sheng Tang know about Sky Eye. At the same time, Sheng Tang’s subsequent expansion plan needed to be initiated in advance, so yesterday afternoon, Tang Qing had notified Yang Kai to convene a Board of Directors’ meeting today.
The main conference room of Sheng Tang Apparel.
Tang Qing sat in the main seat, with Yang Kai to his left, Dou Jiao to his right, and Qi Yan, He Zixin as well as the other vice presidents and secretaries took their seats in sequence. The managers were not asked to participate today as it was not a summary conference, so not all seats were filled.
Everyone was curious why this meeting was urgently called. Yesterday morning, Tang didn’t notify them when he came, so obviously, he thought about it yesterday afternoon. At the same time, everyone was curious about these two beautiful women they didn’t recognize.
What’s the plan this time? Are they arranging for some relatives to join?
Tang Qing glanced at everyone and smiled, "You must be curious as to why I’ve called this emergency meeting."
People below didn’t speak but only looked at Tang Qing, who continued, "I’m very satisfied with the recent development of Sheng Tang, so I plan to let Sheng Tang stores spread nationwide in advance. Plus, currently, there’s an opportunity like the one where Director Liu helped us last time, some people will help us get in touch with some good store locations, so I decided to invest in Sheng Tang ahead of schedule on the spur of the moment."
After that, Tang Qing turned to Yang Kai and said, "Manager Yang, tell me how much money we will need."
Yang Kai regained his composure and hurriedly said, "Boss Tang, I’m not sure how many provinces could your business partner resolve."
"The problems of eight or nine provinces in the south can be solved. Due to the large span, besides the provincial capitals, only a part of the other cities can guarantee high-quality locations. As for the remaining provinces, we need to find a solution for the shops ourselves," Tang Qing contemplated. Huang Qi’s business was mainly concentrated in the southern provinces, so they could only help this much. The rest of the provinces would have to figure it out on their own.
After thinking for a while, Yang Kai said, "Boss Tang, if it’s like this, we might need at least 100 million RMB. After all, just the advertising costs will run into tens of millions."
Tang Qing nodded after listening, "Hmm, alright. In that case, I’ll inject another 150 million RMB into Sheng Tang. In a month, I hope our advertisements will appear on the mainstream media channels. As for the production capacity issue, I remember you have plans for it, so just follow the plan. I don’t care if it’s a direct acquisition or OEM or whatever, I want to see Sheng Tang being capable of supplying to the nationwide shops in a month, Manager Yang, any issues?"
150 million?
People were startled. Their faces registered pure shock. They knew Tang Qing was powerful and wealthy but to directly put up 150 million RMB, there were few people who could do this in the whole province, right?
It’s such a blessing to have such a boss.
Yang Kai, calming his excited feelings, asked, "Boss Tang, when will the funds arrive?"
"I will transfer 150 million RMB this Friday morning," Tang Qing laughed. Liu Qian’s money almost emptied his vault, and the foreign exchange arbitrage principal couldn’t be used. So, he had to wait till Friday. By then, he could just make up 150 million. The money that Huang Qi needed couldn’t be arranged until next week, so there was no conflict in time. After that, Liu Qian’s one billion had to be returned, so it seemed the next two weeks would be a bit tight.
Upon hearing the money would be credited by Friday, Yang Kai immediately nodded excitedly and said, "Boss Tang, there’s no problem at all then. We’ll give everything we’ve got this month and complete the task." He had thought this money would be credited in pieces, 10 to 20 million each time, as that’s how most investments happen. But he didn’t expect Tang Qing to directly drop 150 million cash all at once, no first or second phases, it was just too extravagant.
"Hmm, that’s good. From now on till the end of next month, for those who work on weekends, the wages will be calculated at triple the normal rate," Tang Qing nodded and turned to Qi Yan on his right, "Sister Yan, do you have any issues with the design?" Besides money, production, and logistics, the design was the most troublesome for clothes. After all, incomplete goods could significantly affect the reputation.
Qi Yan laughed, "Looks like we will need to recruit again. We will need at least hundreds of people. Considering the quality, our offices wouldn’t be enough." The stocks Tang Qing promised not to dilute within three years, plus the current investment and market value, the value of the stocks she held already exceeded 10 million RMB. It hadn’t even been half a year, and she felt like a small rich woman, it felt like a dream.
Upon hearing this, Tang Qing realized the issue and said, "I see, let’s set up a new design subsidiary in the four developed areas of Beijing, Shanghai, and Guangzhou. Many talented people are unwilling to leave those developed areas, and we can’t ’let go’ of them. I seem to remember the company had such a plan before."
"Yes, we made a plan before to establish several design subsidiaries in other cities, but the location was not determined yet," Qi Yan replied.
Tang Qing said, "Hmm, it’s decided. This time, we expand a bit more. Each design center recruits as per a standard of 100 people, preferring less over poor quality."
"Boss Tang, wouldn’t that be too many? Adding the designers in the headquarters, it’d exceed 600 people," Qi Yan frowned as she asked. Over 600 people, how much would the monthly wage be? Currently, Sheng Tang didn’t need so many designers.
Tang Qing laughed and said, "Sister Yan, 600 people are not too many. Our future market is not just domestic but overseas as well. So, make good internal accumulation and adjustment first. The domestic market is just a training platform. Don’t worry, I’m not short of money and not afraid of supporting people, but you can’t always think that I’ll support you. You have to strive to make Sheng Tang a real, solid big company."
Tang Qing had already said so much, what could Qi Yan still say? After all, Tang Qing had the money.
"Alright, no problem. If there’s no problem with the money, there’s no problem with anything," Qi Yan laughed and said.
PS: It’s Friday again. Wishing everyone a happy weekend. Don’t worry about Mouse’s updates, ooh, ooh, ooh, I don’t want to either.
The next Chapter might be a bit late, probably after 10. I’m swamped.
