Chapter 2705 Rejection

"Mr. Liu,"

Hearing the cry, Liu Jizhong looked at the person who called him with some surprise, and found that Jin Ling also raised his hand at this time.

I raised my head just now, and the result was like this. Now that I have raised my head, the result is the same?

Although the looks on Feng Yiping and Jin Ling's faces didn't seem like someone else was coming, he still looked back and found that no one was coming.

Also, what are you thinking about, who to meet, the two of them are not enough?

Then why did you interrupt me? "Mr. Jin, what are you doing?"

"Mr. Liu, we can't help you with this," Jin Ling answered almost as soon as he asked the question.

"Ah?" Liu Jizhong was a little anxious, "You still don't know what's going on..."

"Of course I know, I think many of us know," Jin Ling said.

She turned to Feng Yiping, "We have all heard since the beginning of last year that Goldman Sachs would invest at least US$100 million in Mr. Liu's airline,"

She said this in front of Liu Jizhong.

In fact, more than just hearing it, it was hyped up all over the city. The news could be heard on TV, newspapers, magazines... and even on local radio stations.

At the same time, be sure to add something like this, "Because of Dongcheng Airlines' excellent performance, more and more top overseas investment institutions are showing strong interest in Dongcheng Airlines..."

But although Jin Ling said it tactfully, Feng Yiping could still figure out what happened when he thought about Mr. Liu and Dongcheng's consistent high profile.

He thought that if the investment really came to fruition, Mr. Liu might even go to the Great Hall of the People to hold a press conference.

But this is not incomprehensible, because such a thing is indeed a good thing that can be taken as an opportunity to promote well.

It's just that sometimes, when there is only a little glimpse, it is exaggerated too much, which is actually not a good thing, because it makes people feel less credible.

Liu Jizhong and Shen Xue were quite embarrassed when they heard Jin Ling's plain narrative, because in the eyes of these two people, especially Feng Yiping, they were definitely going to war over trivial matters, and they even The sesame seed was blown into the sky.

Fortunately, Feng Yiping had no other reaction and just said, "Oh, this is a good thing,"

After hearing this, even Liu Jizhong and Shen Xue suddenly felt that Feng Yiping was really as gentle and generous as described in those reports.

I was really a little too narrow-minded and extreme back then.

Seeing Feng Yiping say this, Jin Ling didn't say anything else. He just gestured to Liu Jizhong and let him speak for himself.

"Since last year, we have been in contact with Goldman Sachs regarding the strategic investment in Dongcheng Airlines," Liu Jizhong said.

He would say this only in front of Feng Yiping, who was very familiar with Wall Street and had frequent contacts with Wall Street executives.

At other times, he would say, "Goldman Sachs approached us several times" because Goldman Sachs had heard that Dongcheng Airlines "has been the highest-rated airline in the world for several years."

And he will also emphasize that he actually does not want to accept external investment, because his Dongcheng Airlines performs very well in all aspects and has abundant funds, so there is no need to accept investment.

But if you say this in front of Feng Yiping, it means that if the cowhide is already full of air and you use a blower to blow it in, it may explode in minutes.

"By the end of the third quarter of last year, we basically reached an agreement. Goldman Sachs valued Dongcheng Airlines at US$600 million, but they hoped to invest US$100 million in shares, accounting for 20% of the shares."

There was obviously something wrong with this number, but Feng Yiping didn't ask why. He thought that if Goldman Sachs could ask for this and Dongcheng could agree, there must be a reason.

He nodded again.

"But because foreign investment in the aviation industry must be approved by many departments, we have been busy in the capital getting approvals since then,"

"By the end of June, we finally completed all the procedures,"

In other words, it took them at least a year to complete all the approval procedures.

You know, it only took less than half a year for their company to be established. The reason for this was because Liu Jizhong had great support from the local government at that time. But later, because of his behavior, he was almost defeated. All good feelings gone.

Some people, let alone helping, may deliberately make things difficult for you.

Of course, when telling other people about this, Liu Jizhong said something else, "I went through all the procedures in two months," "A certain leader of a certain department is very supportive of our development and let his The secretary took me through several departments,"

It should be said that no matter now or in the future, it is inevitable to package yourself as someone who enjoys the treatment of the protagonists in some online novels later.

"If that's the case, there will be some trouble now," Feng Yiping said proactively, "Oh, don't get excited, I mean, I guess Goldman Sachs will put this investment on hold at this time,"

Liu Jizhong suddenly felt like he had met a close friend, "Mr. Feng, you are absolutely right. This is what Goldman Sachs told us. Because of subprime mortgages, they are shrinking all their investments, including the US$100 million in Dongcheng Airlines." ,"

"But Mr. Feng, because of the sharp rise in oil prices, Dongcheng really needs this investment now,"

That was really needed, otherwise Liu Jizhong would never ask Feng Yiping for help.

For him, this is roughly equivalent to asking for help from the person who easily took away the heart of the goddess he pursued so hard, and then abandoned her like a piece of trash. Moreover, when asking for help this time, he also brought the goddess he cherished now, ready to offer her with both hands at any time...

Their current situation is really very, very bad.

Let's put it this way, the aviation upstart Liu Jizhong should now be called the aviation anxious Liu Jizhong.

After two years of "successful" development, Dongcheng Airlines has finally developed to the point where it can't even guarantee the wages of pilots.

Other money owed to aircraft leasing companies, aviation fuel companies, airports, and the Civil Aviation Administration... That's not news.

As for the money embezzled by Dongcheng Airlines from companies including restaurants, real estate, and tourism, they are all from the same family, so can it still be called debt?

Therefore, the real estate company, which was originally operating with high debt, is now in a precarious situation and has essentially stopped.

Because the travel company subsidized the airline company at its own losses, it has now been almost emptied by the airline company and has lost its hematopoietic function.

The restaurant, which was originally a prosperous business, is now not as good as before due to more and more competition from peers.

The key is that in front of Dongcheng's current big plate, the cash flow generated by the restaurant every day is really a drop in the bucket. Think about how much it costs for a plane to fly from the provincial capital to Guangzhou.

Liu Jizhong has always been very face-conscious. For some routes, such as sometimes, there are only two or three people on the flight from the provincial capital to Guangzhou - less than the crew, but he insists on flying...

For Liu Jizhong, who often says that he has the support of this leader and that bank, the $100 million from Goldman Sachs is equivalent to the last and only straw to save his life.

In fact, for the big hole currently facing the entire group, even if it gets $100 million, it can only barely keep the airline going.

"The fundamentals of our airline are still very good, and the average occupancy rate is still more than 95%. In this situation where all airlines are facing huge losses, we still made a profit of more than 10 million in July."

This is of course a lie. The reason why he dared to tell these lies is that he is not a core member of the airline and cannot know the specific operating conditions of Dongcheng Airlines.

As for the specific operating conditions of Dongcheng Airlines, outsiders should not have thought that they had reached the point where pilots had to carry boxes and hand over the cash they had collected to the aviation fuel company in person before their planes could be refueled.

"I came to you with the audacity to hope that you, Mr. Feng, could help me out and call the CEO of Goldman Sachs. In any case, investing in Dongcheng Airlines is definitely a good deal,"

"I, as well as Dongcheng Group, will always remember your help, Mr. Feng,"

Jin Ling did not speak.

Feng Yiping looked at Liu Jizhong, "Mr. Liu, in fact, you should know that even if I make this call, I can't provide any help, because an outsider can't influence Goldman Sachs' investment decisions,"

"What's more, they are indeed in a difficult situation now, and are trying to collect every dollar they can..."

"But compared to the scale of Goldman Sachs, to be honest, $100 million more or $100 million less doesn't have much impact, right?" Shen Xue interrupted.

Feng Yiping shook his head, "This period is very big,"

"But if you can provide us with a guarantee, even if it is a verbal guarantee, then Goldman Sachs will definitely implement this investment, right," Liu Jizhong said.

"Sorry, we can't help with this matter," Feng Yiping shook his head decisively.