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Chapter 743: Chapter 644 Myanmar Property Investment Company (Please Subscribe!)_1
Everyone dismissed Kan Qin’s worries out of hand.
They saw the massive profit potential.
Especially, the loan amount, which has been ’reduced’ from two trillion to one point six trillion RMB by Lang Cai, couldn’t be ’reduced’ again after this interruption by Kan Qin. This was a lot of money.
Furthermore.
Even if it can’t be paid back in the end.
That has nothing to do with you, Kan Qin!
There is plenty of collateral to be pledged, all of which belong to Myanmar, and even after pledging, it won’t be a big deal. Myanmar is rich in resources. As long as they can make money, it’s all good.
And their ’intent’ was good too.
To help Myanmar develop faster, to fulfill the five-year plan set by Deputy Leader Ling.
As things settled down.
What else could Lang Cai say?
"Since everyone agrees, let’s plan based on the loan amount of 1.6 trillion RMB, of which 800 billion will be pledged by the Myanmar Economic Zone. As for the rest of the collateral, I assume you all have made sufficient preparations. Your main task for the next few days is to prepare all the documents related to the collateral. I will soon formally request a visit to Huaxia, and both Deputy Leader Ling and I will go." Lang Cai finally gave the go-ahead.
If it were a routine state visit, like ones for international cooperation, it would be planned well in advance, even half a year or a year ahead, but this was just a loan visit, so the process wasn’t as complicated.
After all, once approved by the upper levels.
It was just about meeting the heads of various banks.
If everything goes as planned.
Lang Cai knew that ICBC would carry out this loan.
Because it’s a RMB loan, not USD, ICBC is actually suited for this job.
Because there currently isn’t a Huaxia bank in Myanmar, Lang Cai expected Huaxia would definitely include a term in this loan contract: allowing Huaxia banks to set up branches here.
With such a large loan.
This condition was a must.
But just a bank branch, just give it if they want it, it’s not a big deal, Lang Cai didn’t care at all.
The people below nodded profusely.
Praising Lang Cai’s wisdom.
Just as things were about to wrap up, Ling suddenly spoke up.
"President Lang Cai, I have one more matter to discuss." Ling said loudly.
"Please go ahead." Lang Cai said cheerily, now that the matter was settled, he wouldn’t have to face a barrage of questioning.
Ling casually stated, "We, the Myanmar Economic Zone, also plan to apply for a separate batch of loans from Huaxia, for the purposes of investing in Huaxia by the Myanmar Asset Investment Company."
"Myanmar Asset Investment Company?" Lang Cai questioned, what company was this?
Ling explained, "Yes, this company was established by the investment department of the Myanmar Bank Group, through integration and spin-off. It oversees the investment affairs of the Myanmar Bank Group. On this occasion, seeing that Huaxia is experiencing significant development, we thought about making some money. In the future, not only in Huaxia, but also in Myanmar and its surrounding countries, we also considered investment. Among emerging countries, no one has more growth potential than Huaxia."
The listeners were not surprised.
The one point six trillion RMB loan will be entirely used in Myanmar, the Myanmar Economic Zone will not receive a cent. Ling did not plan to split this cake, it is understandable if others want to make some money elsewhere.
Again.
As long as they are not the ones putting in the money, as long as Ling doesn’t use public assets, it’s okay.
"That’s not impossible, but the collaterals cannot include lands and mineral deposits within the Special Zone." Lang Cai dictated, territorial integrity was a must. If Ling got reckless and borrowed from Huaxia with land as collateral, it would be difficult to explain that to the public.
Lang Cai knew that the Myanmar Bank Group owned almost all the fixed assets in the Special Zone.
However, Lang Cai could tolerate the Myanmar Bank Group owning a certain proportion of ownership to maintain the value of the Asia Dollar, but he absolutely disallowed using it as collateral for foreign investment.
"Rest assured, the loans of the Myanmar Asset Investment Company will only collateralize non-primary resource enterprises, not involving land and mineral deposits." Ling promised.
It’s Myanmar’s money.
They could use gold mines and oilfields, and even used their ’private property’ fruit wine as collateral.
But for investments abroad, they firmly disallowed the use of Myanmar’s primary resource assets. This was the bottom line of Lang Cai and everyone else. Strictly speaking, these still belonged to Myanmar.
The Myanmar Bank Group was merely in charge of managing them.
With Ling being so prudent, Lang Cai nodded in relief, "That’s good, how much do you plan to borrow?" He didn’t care about the loan amount since it didn’t involve primary resources. He asked just out of curiosity.
"It depends, the entire loan will be according to the projects. We will only borrow when there are good projects. We can’t just borrow and let the money sit there. So, the exact amount will be determined after we study the projects based on our needs." Ling explained.
Loan limit of one point five trillion RMB.
If proposed now.
People might panic.
Therefore, for the entire loan, Tang Qing planned to borrow step by step only after identifying projects and gradually increase to this number. By then, probably a year later, it won’t be as abrupt.
But they cannot let these guys know about the total amount now.
"I see, as for the collateral from the assets of the Myanmar Bank Group, you guys can decide that, as long as it’s not primary resources, we have no objections." Lang Cai stopped asking. He thought Ling would only borrow a few billion at most.
Even if it’s a hundred billion, it’s just a surprise.
Compared to the loan that Myanmar has taken out from Huaxia.
It’s just petty cash.
Lang Cai said again, "Deputy Leader Ling, you hand over the collateral information to Deputy Leader Kundun for consolidation, and I will immediately request a meeting with Mr. Sun to meet with Huaxia. The specific time should be quite soon, you guys should prepare the information as quickly as possible,"
"Yes." Kundun happily agreed.
Upon Lang Cai’s finishing of the sentence.
Of course, the meeting came to its end.
A radiant smile spread across everyone’s face.
They had finally accomplished Myanmar’s largest loan.
Following this, they too hope to follow in the footsteps of Huaxia and step onto the fast track of development.
With the documents given by Ling, they hurried back to audit the procedures related to collateral property again. The loan, the banks of Huaxia would surely send someone to inspect, it wouldn’t be as said, the information given, Huaxia would hardly believe it.
A thorough investigation was needed.
Then through official procedures, even if it was to be made as quickly as possible, the loan wouldn’t come through until the end of the month. This could already be considered godspeed, there might even be a possibility of it coming through the beginning of next month. But that didn’t matter, as it is surely to be pocketed sooner or later.
If nothing else, at least a better year could be had this year.
Everyone was immersed in a beautiful vision of the future.
Only Kan Qin had no surprise.
Sitting in the conference room, he didn’t leave with the crowd.
After everyone else had left, in the conference room remained only him, Ling, and Ling’s secretary.
Looking at Ling, lost in his thoughts, Kan Qin gave a bitter smile. He had a feeling that the current situation was a bit out of control. No, it had already lost control, and furthermore, when the loan comes through, it will be a total loss of control.
Where will Myanmar go?
Kan Qin really didn’t understand.
"Deputy Leader Ling, what is your... opinion on this loan?" asked Kan Qin in a murmuring voice.
"It’s great, Myanmar has been silent for too long. With this loan, Myanmar will step onto the fast track of development. This is an obligation history brings to the people of Myanmar. As long as it’s done well, Myanmar will finally have its voice in the world." Ling’s answer was very ’infectious’.
Kan Qin was speechless at this.
This kind of cliche, when spoken from Ling’s mouth, was really somewhat discordant. Half of this motivational talk was believed by Kan Qin, but on the other hand, there was worry. Excessive self-confidence, in itself, is a risk.
"But if something goes wrong, Myanmar will face a huge crisis." Kan Qin looked at Ling. He wanted to read something from Ling’s face, but he couldn’t see anything, only a face of indifference.
Crisis.
When Myanmar gets used to taking loans.
Whether it can stop afterward is an unknown. Once it cannot stop, the prosperous economy of Kundun walking onto the path of loans will truly be troublesome. There are many Western countries like this.
When the government owes a huge debt and the loan breaks off, the consequences are unbearable to think about.
Just like a credit card.
It’s addictive, and if someone else is coaxing you to borrow money, the shift from luxury to frugality would truly be adding insult to injury.
"Crisis, not necessarily, Deputy Leader Kan Qin, I know what you are worried about, but..." Ling leaned over and whispered in Kan Qin’s ear: "If Deputy Leader Kundun is in charge of Myanmar in the future, that kind of crisis is likely to happen, and the chances are not small. But if it were you, Myanmar wouldn’t have this kind of crisis."
Hearing these words.
Kan Qin trembled all over.
He incredulously looked at Ling.
He could not have imagined.
These words.
Actually came from Ling’s mouth.
Previously, it was just people relaying messages, but this time, when it came from Ling’s mouth, Kan Qin was chilled from head to toe. This statement completely exposed the image of a plotter.
This chess game.
Really was Ling’s game to play.
And the purpose...is still unclear.
After saying this.
Ling sat up straight, looking at Kan Qin with a one-sided smile: "Deputy Leader Kan Qin, rest assured, I believe that this loan will definitely have a bright future, we will all become the benefactors of Myanmar."
The implication was clear.
The future of Myanmar, rests on your and my hands.
Even if the command room fears Kan Qin would stir things up, once the ship sails, it cannot be stopped. Even Lang Cai can’t stop this transportation ship loaded with goods and personnel, Kan Qin didn’t have a choice anymore.
Watching Ling’s silhouette vanish at the gate.
Kan Qin thought on his seat for a long time. His face showed undifferentiated changes of emotions. Finally, he seemed to make a determination.
This ship called Myanmar.
Must not capsize.
