YM778.TV Chapter 83: 83: Really Wasting Money
Initially, she hadn’t thought much about it, and simply applied because the salary was high and the opportunities seemed grand.
It was only after Chen Guanglei mentioned it that she started to notice the problems.
Fisherman’s Nook is a long-established brand with a solid reputation.
As it stands, running the business as is would generate a good profit each year; it’s very stable.
But now, with a name change, who would know about it?
Turning JiangDilao into a well-known brand will be extremely challenging.
Furthermore, her father has been appointed general manager, and he hasn’t worked in the business world for over a decade.
Even if he was capable before, he’s likely out of touch with the current management trends.
Falling apart within a year isn’t out of the question.
Unless Xu Yang can tolerate the constant losses and keep pumping money into it.
But where would Xu Yang get so much money? Even if he made some cash in the futures market, he couldn’t sustain such a draining investment.
“It’s not just ‘some sense’; the outcome will definitely be this way. This Xu Yang is just a country bumpkin from a small county town trying to play investor by acquiring companies. He’ll surely lose so much that he’ll bleed dry; he might even lose the villa he bought,”
Chen Guanglei looked down on Xu Yang immensely.
Even though Xu Yang had made some money in the futures market, stumbling into fifty million, it did nothing to change Chen Guanglei’s disdain.
He felt that compared to him, a second-generation wealthy, Xu Yang fell short in both status and breadth of vision.
Chen Guanglei expressed a bit of Schadenfreude regarding the possibility of Xu Yang losing the villa.
“That probably won’t happen,” Zhao Yulu said.
“How could it not happen? What money does he have? He’s just a blind cat that ran into a dead mouse. He made a little money through futures investment and picked up a bargain, and bought a luxury car and villa. I’m guessing that the money he used to acquire Fisherman’s Nook came from mortgaging the villa. Once JiangDilao starts losing money, and he holds on for a year or so, the borrowed money will definitely be gone,” Chen Guanglei said.
“If he really did mortgage the villa to finance the acquisition of Fisherman’s Nook, then it could indeed be possible,” Zhao Yulu admitted.
“If nothing unexpected happens, my guess is probably true. Otherwise, where would he get the money to acquire Fisherman’s Nook? You don’t still believe that his futures investment and bargain hunting can continue to make money, do you?” Chen Guanglei said.
“I don’t believe it.” Deep down, Zhao Yulu still thought that Xu Yang making money from futures and lucking out was a fluke, just like Chen Guanglei’s metaphor about the blind cat.
Xu Yang had never shown such capability before.
She didn’t believe that just because she and Xu Yang had broken up, he would suddenly possess such skills.
“That’s right. He suddenly became rich, but he’ll quickly revert to being penniless. Just you wait and see, when that happens he’ll have nowhere to cry. It’s a pity for your sister; she’ll have to suffer with him. But not to worry, if your sister divorces him and finds a rich boyfriend, there’ll be no problem,” Chen Guanglei said.
“That’s true,” Zhao Yulu replied.
“So, now that you know Xu Yang is the boss of JiangDilao, and that it’s bound to go under, you’re not still considering the interview, are you?” Chen Guanglei asked.
“I’ve stopped considering it. I’ve already left,” Zhao Yulu said.
“Let’s have lunch together. I’ll come and pick you up,” Chen Guanglei didn’t want to miss any opportunity.
“No need, I have another interview in the afternoon. I need to prepare for it. I’m going to hang up now,” Zhao Yulu hung up the phone.
…
That evening, at the Yang residence.
“`
“Tian Cheng, you asked me to find a storefront near Zhao Hai’s restaurant, and I’ve already found one, just two doors away from Zhao Hai’s restaurant,” Liu Yujuan said.
“Very good,” Yang Tiancheng nodded.
“I discovered today that Zhao Hai’s restaurant has closed. It looks like it’s going to be renovated. I don’t know why he’s renovating it all of a sudden,” Liu Yujuan was somewhat puzzled.
“I know about that, it’s being converted into a hot pot restaurant,” Yang Tiancheng said with a smile.
“Into a hot pot restaurant? He had a good restaurant going, why change it to a hot pot place? Could it be that he saw your hot pot chain plan and thought hot pot could be profitable, so he decided to switch?” Liu Yujuan was even more puzzled.
“No, Zhao Hai is now the general manager of Jiang Dilaol,” Yang Tiancheng was aware of the situation.
“Jiang Dilaol, what kind of restaurant company is that? I’ve never heard of it.” Liu Yujuan, not up to date with industry news, had no idea that the Yuhuo Renjia had been acquired and renamed.
“Jiang Dilaol used to be Yuhuo Renjia,” Yang Tiancheng explained.
“So that’s it. But has Jiang Dilaol lost their minds? Zhao Hai has been out of the workforce for over a decade, so why would they hire him as their general manager?” Liu Yujuan didn’t understand.
Zhao Hai was capable, but he had been away from the workforce for more than a decade.
No one would hire Zhao Hai to manage a company.
“Hehe, it’s because the owner of Jiang Dilaol is his son-in-law, Xu Yang,” Yang Tiancheng said with a laugh.
“What, Xu Yang acquired Yuhuo Renjia? Where did he get so much money to acquire Yuhuo Renjia? It must have cost tens of millions at least, right?” Liu Yujuan was utterly shocked.
This really did startle her.
Xu Yang was buying luxury cars and villas, and now he had acquired a hot pot brand.
Could it be that what Zhao Yuxin said last time was true, that Xu Yang had made money elsewhere?
“Twenty-eight million,” Yang Tiancheng, deputy general manager of Meiwei Group, was extremely well-informed about the industry. He naturally received news about who acquired Yuhuo Renjia, and he knew a lot about the major affairs of Jiang Dilaol.
“How does he have that much money?” Liu Yujuan asked.
“I estimate that he must have used his villa as collateral for a loan,” Yang Tiancheng guessed the same as Chen Guanglei and felt that his guess must be right.
“He doesn’t know anything, yet he dares to use his villa as collateral to acquire Yuhuo Renjia. Even acquiring Yuhuo Renjia is one thing, but I heard Yuhuo Renjia was doing quite well. Changing the name to Jiang Dilaol, isn’t that akin to destroying his own wall?” Liu Yujuan commented.
“Indeed, I think he got a bit carried away after making some money from investing in futures and bargain hunting. He believes he can do anything, recklessly using his villa as collateral to buy Yuhuo Renjia. For someone like him to imitate others in investment ventures is really absurd. It probably won’t take long before Jiang Dilaol collapses and his money goes down the drain,” Yang Tiancheng said with a touch of schadenfreude.
Talking about this, he considered it a joke.
“Having money and not knowing how to use it, what a waste of money,” Liu Yujuan said with some distaste.
If that money had been given to her, how good it would have been.
She could have bought luxury cars, the things she wanted.
To Liu Yujuan, it felt as though Xu Yang was spending her money.
“That’s how it is with people from small towns, with no cognition or vision. Even if they get rich suddenly, they can’t keep their wealth,” Yang Tiancheng shook his head in disdain.
“True, people like him will always just hover at the bottom and can’t turn their situation around,” Liu Yujuan nodded in agreement.
“Yu Lu, you see, this is your ex-boyfriend. It’s good that you broke up with him, otherwise your future would’ve been full of hardships,” Yang Tiancheng turned to Zhao Yulu.
Zhao Yulu ate her meal in silence without speaking.
Although she thought that Xu Yang could only stay at the bottom, she didn’t want to talk to Yang Tiancheng.