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Chapter 726: Chapter 629 - 3 divided by 5 and divided by 2 (Subscription Requested!)_1
After the meeting.
Ling was enthusiastically surrounded by a group of people.
There was no helping it, after all Ling was so ’selfless’.
He personally made such a huge cake, Ling provided the ’main components’ of the cake, which were the bread in it, and if they wanted to eat it, they had to add their own cream, fruit and other ’ingredients’ on it. 𝓷𝓸𝓿𝓅𝓊𝓫.𝒸ℴ𝓶
Only then would it be a complete big cake.
What’s most important is.
Since Ling provided half of the collateral for this money, Ling had certain financial rights, it could be imagined that the huge amount of RMB debt that Ling undertook must be regulated.
If they wanted to enjoy the cake, they had to establish a good relationship with Ling, the ’pastries’ master. Although Ling was always fair, too many courtesies would do no harm, they would feel reassured when dividing the cake.
After Lang Cai left first.
A group of people rushed up.
They are all vice-leader level and core department big shots, as for others, even regular ministers are not qualified to be up there to curry favor with Ling, they could only stand behind, waiting to discuss things with their big boss later on.
Such a big plan.
They will be busy for the next half a month.
"Deputy Leader Ling, do you have time? Let’s find a place to sit down."
"Yeah, let’s have some tea together."
"..."
They all invited Ling with various requests,
"Everyone, I’m sorry, I have to go back now to arrange and coordinate the collateral matters of this loan, and to have a meeting discussion with heads of each department, plus I have lots of official duties to deal with, so if you’ll excuse me." Ling immediately declined.
He was not afraid of offending these people either.
As the saying goes, money is power.
I made a cake, and you, as the guest, dare not to break it, this would offend everyone.
As expected.
The few were not angry.
They just wanted to have a few words mixed in, they understood Ling’s character, it was similar towards everyone, not targeting anyone, even with Lang Cai, what complaints could they have, actually once they got used to it, it was fine.
In the crowd.
Only two deputy leaders didn’t go up.
They were Kan Qin and Kundun.
Kan Qin looked at Ling with a complex expression on his face.
He highly appreciated this plan and hoped it could be carried out.
But a dark cloud in his mind that he couldn’t dismiss was because all of this was done according to Ling’s will, other people were playing chess, and playing it well, it seemed like Ling lost, but in the end, it was not certain who gained and who lost.
Kan Qin felt that Ling would gain, Myanmar was probably not going to lose, but it wouldn’t be as much as Ling’s.
Kundun was envious.
First of all, he was envious of Ling being so ’popular’, he, a newly appointed special deputy leader, wasn’t the first one to be surrounded by everyone after the meeting ended, which was a bit upsetting.
The next thing was that he envied Ling for having the power to ’create the cake’ and ’distribute the cake’. Ling had the drive and the resources, while Kundun didn’t have any of either, or it could be said that he didn’t have the opportunity to have any, as this opportunity was taken by Ling.
However, Kundun also knew that this was an inevitable trend.
It couldn’t be stopped.
If he wanted to add his name to this achievement, it would depend on his performance in the future, Kundun felt ambitious for a while, he believed that he, as the future successor of Myanmar, would definitely do better than Ling.
On this foray of Myanmar’s possible historically significant economic reform, he needed to achieve something.
Thinking about it.
Kundun clenched his fists.
After making up his mind.
He turned around and left.
...
Leaving the conference room.
Ling drove back to Xin’an Town.
It was now in the afternoon.
Ling immediately invited several deputy district leaders and several high-level executives of the Myanmar Bank Group to the conference room.
And announced to them that Lang Cai’s side had preliminarily passed the report, and they would know the result on the first day of next month. The plan was definitely going to be carried out, no one could stop it now, but to what extent, that would be decided in the next meeting.
After listening to it, Su Yu looked a bit confused.
His face was baffled.
Ling dominated the conversation.
He was a bit too thorough!
He, a dignified deputy district leaders, had no clue that Ling wanted to mortgage the tax revenue of the Myanmar Economic Zone, no message was leaked out and it was decided by Ling.
Originally the Special Zone Management Institution only had tax revenue as the fund they could control, now it had to be mortgaged.
What a pain.
It’s so troubleing.
"Leader Ling, we have pledged all our taxes as collateral. Is it suitable? If Yangon can’t pay back Huaxia’s money, we won’t make ends meet." Su Yu said with a bitter smile.
He expressed it delicately, because he would not dare question Ling, given Ling’s strong authority.
"Don’t worry, Deputy Leader Su Yu. As long as Myanmar’s economy develops as expected, Yangon shouldn’t default on this loan from Huaxia.
Even if they can’t repay it, our tax revenue won’t be taken by Huaxia. I will have the Myanmar Bank Group bear the burden. The tax is just a gesture that we have the intention to repay the loan." Ling reassured.
"Sigh..."
With Ling’s promise.
Su Yu felt relieved. After all, they have someone to shoulder the responsibility in a crisis.
The Myanmar Bank Group was that person. Su Yu didn’t even know how much money the group had, because the ability to print money made guessing their wealth meaningless.
"Alright, I have no objections." Su Yu said.
The other two Deputy Leaders also had no objections.
Ling continued, "The loan amount I proposed in the report is 80 billion RMB in total, with us providing 40 billion worth of collateral.
Our tax revenue should be worth between 13 to 15 billion RMB, but considering Yangon might ask for a larger loan, I intend to prepare more collateral, totaling 60 billion RMB."
Ling paused here to let Su Yu digest the information. The reason why Su Yu needed to absorb this was because the Special Zone’s management institutions would be the ones to implement this, not the Myanmar Bank Group. It’s a matter of prestige.
Legitimacy.
It cannot be dismissed in the interaction between two countries.
The Myanmar Bank Group is vast. Still, at present, it is merely a company composed of a bank and numerous enterprises, not an authority that has the privilege to conduct inter-country negotiations.
At least not in the short term.
Unless the Asia Dollar truly replaces the Myanmar Kyat fully. Su Yu was very clear about his position and responsibilities, so he was attentive, eager to see what assets Ling would pledge as collateral.
"After careful consideration, I have decided to take out two gold mines, a winery, and an oilfield in the Myanmar Economic Zone for collateral.
The two gold mines are valued at 10 billion RMB, the oilfield at 5 billion RMB, and the winery at 35 billion RMB. Coupled with the taxes, the total collateral is internally valued at 63 billion RMB, which I believe Huaxia will accept." Ling announced the assets he was prepared to pledge as collateral.
Su Yu opened his mouth in surprise.
He thought that the Myanmar Bank Group would have to ’sell everything but the kitchen sink’ to gather enough assets for collateral, perhaps leveraging a significant amount of resources. Yet, Ling quickly produced enough items to make up the amount.
Isn’t this far too hurried?
These were all assets of the Myanmar Bank Group. Su Yu was not aware of this, and he was taken aback by the sudden mention of two gold mines.
"Leader Ling, are the two mines really worth that much?" Su Yu could not help asking.
Ling nodded, "Yes, the monthly output of these two gold mines has exceeded two tons with total reserves between 200 tons and 250 tons. With the current gold price of around 120 RMB per gram plus the cost of mining and other expenses, a valuation of 10 billion RMB isn’t high."
These two mines were just small ones in Ling’s territory. The largest gold mine’s output was nearing three tons per month, providing continuous support to the issue limit for the Asia Dollar. Su Yu just did not have the clearance to know about these.
However, even this scant information astounded Su Yu already.
Two tons of gold.
What the heck?
It’s worth more than 2 billion RMB, right?
And this might not be all the gold mines the group owns. If added to the ones Ling did not tell him about, how much money that would be? Unfortunately, however much it is, it’s none of his business. With this thought, Su Yu felt frustrated again.
"Leader Ling, will Huaxia accept the winery valued at 35 billion RMB?" Su Yu worriedly asked. Collateral is not just about what you have; it’s also about what others want and at what price.
"The winery’s current output has stabilized at 900,000 bottles per month with a nearly 18 billion Asia Dollar in sales. For a company with an annual turnover of over 20 billion RMB, 35 billion RMB is not an unreasonable assessment. Considering the winery’s functionality, as soon as it goes public, a market value of 100 billion RMB is entirely achievable."
After Ling’s explanation.
Su Yu had no more questions.
Ling was right.
The price of the winery’s brand and technology should not be calculated merely by its profits, but by the company’s overall market value.
Given its non-substitutable status and the accolades it has received from the upper crust of society worldwide, once listed, it may even be possible for Wall Street tycoons to value it in U.S. dollars.
Looking at it this way.
It seemed that Ling came up with the amount quite effortlessly.
Just by pledging a few firms, and such a huge market value is met.
Thinking about this, Su Yu was somewhat looking forward to what Yangon could bring to the table. While Ling had the winery as a trump card, Yangon had nothing of the sort and could only use natural resources.
However, Su Yu was not worried about Yangon not being able to put enough on the table.
Having been the leader himself, he had a deep understanding that even a broken country, as long as it has land and population, its potential is terrifying. Myanmar Economic Zone is an example. Just two gold mines could be evaluated worth billions.
Not to mention a country as big as Myanmar.
Perhaps, it wouldn’t be as easy for them. An intense discussion may be required and whether Huaxia agrees in the end remains to be seen. After all, gold and oil are universally acknowledged tangible assets, and fruit wine is now basically the same.
After the meeting.
Su Yu was totally reassured.
Besides thinking that ’the Myanmar Bank Group is bloody rich,’ he seemed to have no other words.
