Chapter 358: Deserve to Get Rich

Chapter 358: Deserve to Get Rich
This September, Fang Hexuan could not be said to be working day and night, but he was still extremely busy and had no time to spare.

He not only had to intervene in the internal affairs of Hang Lung Bank which was facing bankruptcy, but also had to prepare for BYD's listing in multiple countries next month, and deal with various troubles before and after Chen Songqing fled.

The most crucial thing is that when the Hong Kong stock market, property market and land market collapsed, he was needed to command and make decisions on the spot to lead the Alphabet Group to enjoy the most abundant feast.

Each of these things is a big deal and we cannot be careless about any of them.

Hang Lung Bank has big problems. Even if they took Fang Hexuan's 20 billion, they could not avoid the risk of a broken capital chain due to internal bad debts.

Unless the entire bank is sold, this hole cannot be filled by the management alone.

Considering that super depositor Fang Hexuan is the richest man in Hong Kong and has enormous power, how can Hang Lung’s management and board of directors have the power to cheat and confront him?
As a last resort, after several days of negotiations, external announcements, and several rounds of commercial due diligence, the bank's board of directors finally agreed to convert the 20 billion yuan that Fang Hexuan deposited in Hang Lung into debt, of which 10 billion yuan would be converted into debt-to-equity.

Combined with the shares previously acquired through multiple overseas accounts, Fang Hexuan became the largest shareholder of Hang Lung Bank, holding 24.1% of the shares.

At this point, the onlookers also understood his aggressive behavior. It turned out that Sima Zhao's intention was known to everyone!

Although the bank run has damaged Hang Lung's credit, it is not yet time for the bank to go bankrupt in a short period of time.

Fang Hexuan has succeeded in the first step. Now that he has penetrated into the enemy, it will be easy for him to take advantage of the opportunity and take advantage of the loopholes.

The matter of Hang Lung has come to an end for the time being, and next he will be busy entertaining car dealers from all over the world.

Since BYD currently has only one model, it will not open an official flagship store for the time being. At this time, it needs to strengthen cooperation with dealers in various places.

The concept of exclusively authorized 4S stores is still far from being formed, so most of the current car stores are comprehensive, that is, they sell multiple brands together.

In addition to car dealers, there are two other channels for selling cars: auto finance companies and car rental companies.

For the first generation of EVO, BYD initially planned to launch it in the Middle East, Western Europe, Northern Europe, the United Kingdom, and North America, and then gradually enter markets such as South America, Southeast Asia, and Australia.

It’s not that we don’t want to expand across the board, but we simply lack sufficient experience in developing numerous markets.

The first step of entering the market alone is enough to keep BYD's team busy, so Fang Hexuan is not greedy for more and faster results.

More than 20 well-known companies came, including AutoNation, Lithia Motors, Westlake Financial Services, Hertz Global, Avis Budget from North America, Gargash Motors, Abdul Latiff Jameel, Zubair, Western Automobil from the Middle East, Emil Frey, CNPA, Hedin Mobility, Louwman, Koelliker from Europe, Arnold Clark, Sytner, Pendragon, Lookers, Marshall Motor from the UK, etc.

Almost all of these companies were personally invited by the Alphabet Group in the name of BYD, not because they valued BYD, but because they valued the strength of Fang Hexuan, one of the top ten richest people in the world.

There are too many people in this world who dream of owning a car, but 99% of them cannot even dream of doing so, and only a few can actually make it happen.

If Fang Hexuan wasn't wealthy enough, these companies wouldn't even be interested in looking at BYD.

In order to ensure a smooth start for BYD, Fang Hexuan took great pains.

There were nearly a hundred people from these twenty or so automotive channel companies.

Alphabet Group not only provided accommodation at the Hilton five-star hotel, but also took these people to eat and drink all over Hong Kong, such as night cruises in Victoria Harbour, high seas casinos, and Lan Kwai Fong. All were arranged clearly, which can be said to be trying their best to please them. They let these nearly 100 people play in Hong Kong for three days, and then took them to the BYD factory in Nanshan District, Shenzhen to inspect the entire production process.

After returning to Hong Kong, we went to the Hung Hom R&D Center and Yuen Long Test Base to show them BYD's technical strength.

Five days later, BYD finally held formal negotiations with these channel partners at the Global Building.

As the big boss, Fang Hexuan gave a not-too-long speech to these people before the negotiations, briefly introducing his long-term plan for BYD, which was basically a big picture.

Although this part is a bit old-fashioned, it is indispensable.

Sometimes, people really fall for it.

If the founder himself has no ambition and confidence, the people who sell you cars will not dare to feel at ease.

After the passionate promise, the subsequent one-on-one negotiations were handed over to BYD's negotiation team, which also included Jiang Guoyong, the group's supply chain president.

I thought I had nothing to do, but I didn't expect someone to come all the way to Hong Kong to ask to see Fang Hexuan.

It wasn't some fans who came to Hong Kong to pursue BYD, but a Chinese woman from Malaysia who wanted to introduce BYD to her country.

The visitor was probably in his 30s, not tall, and looked like an ordinary person. Her name was Xue Fengying, and she was a second-generation Malaysian Chinese.

After listening to her self-introduction, Fang Hexuan observed her with interest for a while, and then asked:
"BYD currently has no plans to enter Southeast Asia. How did you know that we are recruiting investors?"

Xue Fengying smiled shyly and said:

"In fact, I have been following BYD for a long time, so I specially asked someone to keep an eye on the news."

Although the other party's explanation was not very clear, Fang Hexuan did not intend to continue asking, but questioned:
"Ms. Xue, thank you for trusting BYD, but business is business. You want to sell BYD cars, and I also want to work with a capable partner."

Hearing this, Xue Fengying took a deep breath and said with determination:

"Mr. Fang, I am 37 years old this year. I have been divorced for ten years and have been raising my child alone for ten years."

"Over the years, I have done everything for my children. I have sold fruit, worked as a garment worker, promoted insurance, worked as a nanny agency, opened a housekeeping company, and now I have a travel company that is doing pretty well."

"I have worked hard all the way and have suffered a lot, but I never regret or complain. Life is too short. I want to live hard for my son and myself. For this goal, I am willing to make all efforts."

"If Mr. Fang is willing to give me a chance, I will go back and sell the travel company immediately to raise enough funds to represent BYD's products, and only BYD."

Xue Fengying seemed to have used up all her strength. After she finished speaking, she looked at Fang Hexuan nervously, waiting for his reply.

Frankly speaking, Fang Hexuan was not moved by the confession of this Malaysian woman. There are so many poor people in this world. How could he be moved?
What really piqued his interest was that the other party now agreed to only represent the BYD brand, which required some courage and vision.

(End of this chapter)