配资炒股

Chapter 101 - 17: Mu Hua Food Company (2nd Update)



“Haha, that’s settled then, we’ll depart at late afternoon tomorrow, along with three other brave men joining us.”

“It’s a deal, I’ll bring someone along from my side as well.”

Su Jie and Dong Hongtian slapped each other’s shoulders and laughed heartily, a perfect opportunity to blend into the enemy’s ranks and reduce the risk of being discovered.

Now that Su Jie’s strength had advanced to the Sixth Level of Yunling Realm, he necessarily had to make a trip back to Ghost Ridge Palace.

On one hand, since the low-grade poisonous insects at the cultivation base had been devoured by the thousand-hand centipede, Su Jie had to restock and prepare for the fifth Spirit Refining.

Moreover, with the increase in strength, Su Jie could continue to capture more human-faced moths to cultivate, enhancing the power of his Body Worm Focusing Method.

Lastly, Su Jie planned to officially advance to inner disciple after returning this time, earning this respected status within Ghost Ridge Palace.

Blue Star, Mande City.

Inside a luxurious estate covering hundreds of acres, complete with fountains, a bowling alley, a private cinema, a revolving ballroom, a gym, a swimming pool, and a wine cellar.

This was once Lu Wenbo’s residence, now owned by Jieke Company.

Accompanied by the slowly subsiding gasps of a woman, in the bedroom filled with hormones, Su Jie leaned against the headboard and said with a slight laugh, “You’re too easily exhausted, you need to work on your fitness!”

Liu Yingying punched Su Jie’s arm with her small fist, her cheeks still flushed, “How come you never run out of strength, you’re like a monster.”

“What, you don’t like it?”@@novelbin@@

“Who would like that.”

Bashfully lowering her head, Liu Yingying was too embarrassed to express herself too clearly.

Touching the tip of Yingying’s delicate nose, Su Jie didn’t call her out on her little fancy, and instead asked.

“The breeding enterprises you’ve been looking into, do you have any results yet?”

Before heading back to Ghost Ridge Palace, Su Jie had returned to Blue Star first to finalize the details regarding the Soul Summoning Banner.

“We have a target.”

When they got onto serious business, Yingying propped up her weary body, took a laptop from the bedside table, and set it on her long, straight legs.

After powering it up, she clicked through the data she had collected over the last two days.

“We have preliminarily zeroed in on a company called Mu Hua, a domestic enterprise in Hua Country founded in the 1990s, starting from a small breeder and working its way up.

Now, it’s an industrialized, integrated pork breeding enterprise that includes feed processing, pig breeding, breeder pig extension, commercial pig raising, slaughtering, and processing.”

Currently, Mu Hua’s pig farms collectively house over three million piglets, sows, and commercial pigs, and went public on the Shenzhen Stock Exchange fifteen years ago, with a current market value of 89 billion.

The current power-holder of Mu Hua is named Song Chengde, who possesses 39% of the company’s shares. The remaining shares are partly in the hands of the introduced management team, partly controlled by the Song Family, partly mortgaged at the bank, and partly circulating on the market…”

Yingying detailed the information about Mu Hua Company for Su Jie, with numerous data points listed.

The company, fully named Mu Hua Food, primarily engages in pig farming, with breeding revenues accounting for over 80% of its overall income, while the remaining revenue from food production and livestock feed constitutes less than 20%.

“Mu Hua Company has faced operational difficulties in the past two years. Last year, they reported floating losses exceeding 800 million, and in the first and second quarters of this year, the losses have already surpassed 560 million. They even struggle with breeding sows, paying employee salaries, and purchasing corn and soybean meal.”

To bolster cash flow, the founder Song Chengde pledged a large amount of shares through the bank, up to 90 million shares, which is 30% of the company’s stock.

As a result, the company’s stock market value continues to decline, with severe market pessimism. This is also why I’ve targeted them for acquisition.”

After listening to Liu Yingying’s analysis, Su Jie got out of bed and poured a cup of tea for Liu Yingying to moisten her throat. Curiously, he asked, “How can a pig farming enterprise lose so much money?”

Liu Yingying shook her head and said with a laugh, “On one hand, the losses are influenced by the pig cycle. On the other hand, it’s largely because Song Chengde, the founder of Mu Hua Company, diverted company funds to develop other industries and went on to manufacture new energy vehicles.

The cars flopped on the market due to dismal sales, and because of a lack of cash flow, it led to Mu Hua Company facing significant operational hardships, struggling every step of the way.”

Su Jie, who was drinking water, nearly choked and said with wide eyes, “Ha, a pig farmer venturing into car manufacturing, what was he thinking?”

Liu Yingying pursed her lips, trying to hold back laughter, “In recent years, new energy vehicles have been very popular. Internet companies, appliance makers, smartphone manufacturers, and real estate firms have all jumped into car manufacturing. Song Chengde was convinced this was a new track to bet on and invested heavily in it, but the result… building cars isn’t as simple as just assembling four wheels and a few sofas. Not everyone can successfully build cars, at least he couldn’t.”

“That’s perhaps too much confidence.”

Su Jie was speechless, thinking of a pig farmer trying to make cars sounded too far-fetched.

“Now that Mu Hua Company’s car manufacturing venture has failed, the losses are incredibly severe, and they’ve even started to delay employee salaries. We have the opportunity to acquire them, but I wonder if this company meets your requirements.”

“Let’s go with this one. I’m delegating authority to you, negotiate the acquisition, and aim for as much stock as possible. We want to have a say.”

Su Jie nodded his head. The scale of Mu Hua Company, with a live pig inventory of three million, could create one Yin Soul from every 300 pigs—it added up to ten thousand Yin Souls.

Modern pig farming is extremely efficient; it doesn’t even take half a year for a pig to grow from birth to market weight.

Increasing production capacity is entirely possible by purchasing piglets from other businesses and breeding them ourselves.

As long as there’s money, renting space can quickly expand breeding operations like a rolling snowball, enough to satisfy the needs of the Soul Summoning Banner.

Three million pigs, in comparison to the Tianyuan World, where pig farming is mostly free-ranging.

Furthermore, as times grow ever harder, ordinary people struggle to merely survive, let alone rear pigs. They won’t understand what modern intensive efficient farming is, or how a businessman’s company can send so many pigs to market.

“Then I’ll fly to Hua Country another day and bring in some professional business negotiation teams to help with the acquisition.”

Liu Yingying immediately said, knowing that large-scale business acquisitions are a lengthy and complex process. Jieke Company has a strong cash flow, and with continuous returns from Tianyuan Home, it’s sufficient to meet the acquisition criteria.

“Thank you for your hard work.”

Su Jie stroked Liu Yingying’s hair and, watching her intently jotting down notes in her notebook, felt his desire stirring, gripping a soft handful.

“Hey, what are you doing.”

“Before you leave, I have to feed you well, you little sprite.”

“No, I’m already so full.”

“…”

The room gradually filled with the sounds of a male and female duet, as an ambiguous atmosphere quietly spread.


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