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Chapter 72: Chapter 64: Is the Penalty Too High? (Seeking Recommendations!)_2
"Welcome to Sheng Tang Apparel. The first thing you should do is replace the signage for our company." Tang Qing stood up, extended his hand with a smile, and took a significant step forward. With Yang Kai’s ability, there was at least no worries about the company’s development in the initial stage.
"Understood, Boss Tang." Yang Kai also stood up and shook hands. A new journey had begun, and he was full of anticipation. Having a boss with wealth and ambition was simply perfect.
"Alright, Boss Yang, I will leave the rest of the interviews to you. You will be the interviewer and Qi Yan and I will observe. After all, we lack experience and do not fully understand the needs of all departments. The final candidates will be discussed after the interviews," said Tang Qing.
"No problem, Boss," said Yang Kai with a smile.
"Well, you take the main seat, Qi Yan and I will sit at the side." Tang Qing stood up after speaking, and moved to sit next to Yang Kai. Qi Yan did not move; she was already sitting on one side of Yang Kai.
Yang Kai made himself comfortable and took the main seat. He began reviewing the resumes of several candidates for the Deputy General Manager position, as understanding their backgrounds would help with asking the right questions.
Next, it was time for Yang Kai’s performance. He asked a variety of questions that had Tang Qing nodding frequently. They indeed chose the right person for the task. He was unquestionably professional.
After an afternoon of interviews and discussions, they finally decided on the Deputy General Manager and the heads of various departments. Qi Yan sent a group text to those who were not hired. As for Yang Kai, he individually called each person who was hired to come to work the next day.
In the following week, the main focus was on smoothing out operations and familiarising everyone with the company. Meanwhile, they also made sure all the staff from various departments were in place. Tang Qing let out a sigh of relief. With others handling the tasks, he could focus on resolving financial issues.
In the afternoon, Tang Qing also invited Liu Desheng to meet Yang Kai.
As for the evening, Tang Qing did not dine with them. In the afternoon, he had contacted the customer recommended by the system. On Saturday, which was the night before, he had completed the task assigned by the recommended client.
It was originally supposed to be completed by Friday, but he did not expect to deal with the company’s acquisition of factories, resulting in a day’s delay. After completing the task, he casually asked the client if they knew anyone else who needed a loan. Tang Qing, who initially had low expectations, was overjoyed that there was indeed someone interested.
Consequently, he arranged to meet the client this evening. However, this time they did not meet at Li Jianguo’s restaurant, because the loan client was not aware of the relationship between the restaurant and Tang Qing. Therefore, they switched to another location. Tang Qing didn’t object; it was only a single meal, and not a big deal at all.
In the evening, Tang Qing arrived at the restaurant as promised. A few people had been waiting for a while, and after exchanging pleasantries, they got down to business.
Initially, everything was going smoothly. Tang Qing didn’t mind lending for two months, and he was not eager to gain experience from this loan. Even without this loan, he could still upgrade to level three on the first day of the next month. However, there was a disagreement regarding the contract clauses.
"Little Tang, isn’t the penalty for violating the contract a bit too high? If the loan is not repaid on time, an additional penalty of one percent of the principal will be charged daily. This can add up to quite a bit in a month," a young man said.
The client recommended by the system was named Zhou Li. He was the owner of a shoe factory. His friend, who also owned a shoe factory, had heard that several shoe factories had jointly guaranteed a loan and became good friends as a result.
The person seeking the loan was named Yan Guangting, and his son was Yan Fei. As soon as he entered the door, Tang Qing saw disdain in Yan Fei’s eyes. However, he said nothing. As long as the loan was approved, he didn’t mind. He was not interested in taking care of such a person’s emotions. He merely greeted him briefly.
Upon hearing this, Zhou Li’s face changed. He knew Yan Guangting’s character well. If Yan Guangting was not planning to default, he would not quibble over these matters. When Yan Fei spoke up, Zhou Li immediately felt uneasy. Was it not clear that there was a good chance of default?
Tang Qing also frowned. Was this guy planning to become a deadbeat debtor?
Yan Guangting was also upset by his son’s words and scolded him. "Shut up, Fei! What are you talking about? The interest rate is already low enough. What does it matter if the penalty for breach is a bit high? We don’t plan on being late and, if we repay early, the interest can be reduced."
This was a solution that Tang Qing had come up with. The contract stipulated a two-month loan period, but it also stated that if they repaid early, there would be a reduction in interest. A two-month loan would incur two percent interest, but for every ten days of early repayment, the interest would be reduced by 0.2 percent. The interest rate could not be less than one percent. 𝑛𝑜𝑣𝑝𝑢𝘣.𝘤𝑜𝘮
Tang Qing did not want to pay himself. If the repayment was less than what the system could recover, not only would he potentially lose money, but he could also get in trouble with the system.
Despite the small amount of money, every little bit counts.
Following his father’s harsh admonishment, Yan Fei had no choice but to keep quiet. Although he knew he was being unreasonable, he was filled with jealousy when he saw Tang Qing, who was so young yet so wealthy. Additionally, Tang Qing seemed to be ignoring him, causing Yan Fei to feel unimportant and causing him emotional distress.
"Little Tang, I’m sorry. Fei is inexperienced and has not been out of university for long. He does not understand the rules. Please don’t take it to heart," Yan Guangting quickly apologized. He did not want this favorable loan to be ruined by his son.
"No problem, Uncle Yan. I can understand. Do you have any questions about these clauses?" Tang Qing said with a light laugh. As long as this was not Yan Guangting’s true intention, it would be easy to handle. Otherwise, he would not even consider lending if Yan Guangting had any doubts about this clause.
He did not want to deal with such people because it was risky. If he was cheated, he would have nowhere to turn to for help, and the system would be ruthless with him. And he, in turn, would not show mercy to others.
"No, not at all. We can proceed to sign the contract immediately," Yan Guangting said hastily.
After saying this, Yan Guangting filled out the contract according to the requirements and was ready for the handover of funds.
"Alright, this is 400,000. Please count it," said Tang Qing, handing over the bag after reviewing the contract and finding no problems.
"Alright, thank you, Little Tang," Yan Guangting responded, taking the bag and starting to count the money. It was not much, 400,000. It did not take long to finish counting, and he completed the receipt part of the contract.
"Little Tang, I am truly grateful. Let me propose a toast to you. Since Fei has to drive, I will drink tea on his behalf," said Yan Guangting, promptly finishing three cups of wine before Tang Qing could object.
At the same time, Tang Qing’s disdain for Yan Fei deepened. Your father is drinking wine for the business deal, and you are drinking tea. What are you doing here? He had heard that Yan Guangting had driven them here. Instead of blocking his father from drinking, Yan Fei was casually drinking tea on the side. All Tang Qing could do was to marvel at the magnanimity of a parent’s love.
"Mutual benefit," replied Tang Qing.
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PS: This is the first Chapter out of the three that will be released today.
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