Chapter 356: Reserved in Advance
Several people showed expressions of pleasant surprise.
“Chu Chu, you are really too kind, thank you.” Fei Ting and the others felt that what she said made a lot of sense.
They had never had any business experience and couldn’t come up with too much capital to play big. Starting a home textile company now to gain experience and accumulate some capital was a good idea.
Song Chu chuckled lightly, “We are friends, there’s no need to be so polite.”
Fei Ting sat beside Song Chu and took her arm, “Chu Chu, why don’t you join us? We would feel more confident with you around.”
The others also nodded, “Yes, yes, Chu Chu, join us.”
“Let’s do the same as my brother and the others, partner up and establish a home textile company, and then distribute the shares according to the investment.”
Fei Ting looked at Song Chu and continued, “Chu Chu, you don’t need to invest money, just be our business consultant, and we will give you shares as payment, with dividends every month.”
“Yes, yes, we agree on this.” Huo Yao and the others also wanted to pull Song Chu in.
Song Chu was both amused and touched, “Alright, then I’ll play along with you. I’ll also invest some capital. I’ll be busy with school and research later, and I won’t have much time to work at the company. I wouldn’t feel right taking shares without investing money.”
“You don’t need to work at the company regularly, just help us with the general direction and give us advice from time to time,” Fei Ting said.
All of them had attended Worker-Peasant-Soldier University, so they were not planning to take the Gaokao this time. They were now more interested in entrepreneurship.
“That’s right, don’t you still have to help your Fourth Older Brother invest in the club project? Your funds must be tight. You don’t have to invest in our side,” Xiao Yue said.
Song Chu smiled, “It’s okay, I’ll just invest a small share for fun. I can still afford to invest 300,000 yuan.”
She had received 1.3 million US dollars from selling the patent licensing fees to Jacques’ company and 2 million US dollars from Uli’s company.
Recently, the exchange rate between the US dollar and the Chinese yuan had increased to 1:2 with the opening up.
This meant she had more than 6 million yuan in the bank. She planned to take out 3 million yuan for her Fourth Older Brother to invest in the club.
She would use 1 million yuan to buy land and build a laboratory building, and then contract the mountain.
She would use 2 million yuan to purchase some necessary equipment and apparatus first, and keep the remaining several hundred thousand yuan as a reserve.
Now she could afford to invest 300,000 yuan in the home textile company. Getting dividends every month was also a good thing, as she was indeed quite short of money now.
After all, the laboratory and the new research projects were still bottomless pits.
Seeing Song Chu’s insistence, the others didn’t try to persuade her further and felt that she was very generous.
“Alright, then you invest 300,000 yuan, and each of us will try to contribute more,” Fei Ting nodded.
Xiao Yue asked, “Chu Chu, to establish a home textile company, do we need to build a factory first?”
Song Chu replied, “Yes, in the next few days, you should inquire about where there are factories for rent or sale. Once that’s settled, I’ll order a production line from Jonas.”
“When the production line arrives, the recruited workers can start working.”
“We’ll also need to hire a few designers. For home textiles, we’ll aim for the mid-to-high-end market. We need to have many beautiful designs, and the quality must be strictly controlled, then we won’t have to worry about sales.”
There were still many people who couldn’t get enough to eat, and most people hadn’t adapted to the rapid economic development brought about by the opening up. They didn’t have a high consumption awareness and were always reluctant to buy expensive things.
Therefore, making mid-to-high-end products was more profitable and could also build a brand.
“Okay, we’ll take care of this in the next two days, and we’ll leave the production line to you,” Xiao Yue and the others all had strong family backgrounds, so finding a factory was a trivial matter.
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They continued to chat about the home textile company. Song Chu instilled many new ideas and suggestions into them, broadening their perspectives and benefiting them greatly.
“Chu Chu, if we have money in the future, and if we open a skincare and cosmetics company, how do we develop our own products?” Fei Ting was still fixated on this.
Song Chu said with a smile, “After the universities resume, there will naturally be talents in this area.”
“I will be researching plants in the future. If any of you open a cosmetics company in the future, I can be a technical consultant and lead a team to research cosmetics and skincare products. We can also strive to go global and become an international high-end skincare and cosmetics brand.”
She had researched skincare and cosmetics before, and there were many materials and data on this in her space.
In the future, major brands in this area were all from abroad, and their prices were much higher than domestic skincare and cosmetics products.
If they had the conditions, why not try to surpass foreign countries? They could also create an international top-tier skincare and cosmetics brand. Anyway, the formulas she had were really good, and they could also benefit women.
Fei Ting’s eyes lit up instantly, “Then it’s settled. Chu Chu, I’m reserving you as a technical consultant in advance.”
She absolutely believed in Song Chu’s skills.
Huo Yao and the others also said with a smile, “You can’t be the only one to reserve her, we also want to reserve Chu Chu.”
“Chu Chu, we want to invest in your future,” they teased with a smile.
This phrase had now become a classic saying in Kyoto.
Looking at the energetic and youthful group, Song Chu smiled lightly, “Alright, I’ll let you invest.”
After finishing their meal, they went to watch a movie before going their separate ways.
In the next few days, Song Chu was quite busy. She negotiated with Jonas for the latest textile production line, accompanied Fei Ting and the others to inspect factory sites, and wrote a plan and proposal for the factory construction.
The rest was left to Fei Ting and the others to handle so that they could grow and gain experience.
Money in this era had not depreciated and was still quite valuable. After all, a few cents could still buy food, and many families’ monthly expenses were only ten or twenty yuan.
Therefore, she invested 300,000 yuan, and Fei Ting and the others pooled together 2.7 million yuan. With the current price level, an investment of 3 million yuan was not small.
This was also aimed at becoming the strongest leading company in this field, so the imported production line was also the best. Otherwise, the company could be established with less than 1 million yuan.
The first step for the home textile factory was taken, and Fei Lin and the others also confirmed the club project.
The club project was much more complicated to start. First, they needed to find a suitable location to build a building, etc. Song Chu also gave them a lot of suggestions and made a plan for them. The investment of 3 million yuan was also received in time.
Although Fei Lin and the others had the support of their families, it was not easy for them to come up with several million yuan. They all found ways to take out loans to invest first.
Fei Lin, who contributed the most, invested 5 million yuan. Others invested between 1 million and 4 million yuan. Song Lao Si became the third-largest shareholder.
This was also the reason why Song Chu contributed 3 million yuan. If they were going to play big, they couldn’t just play small. She was very optimistic about the club project.
During Song Chu’s busy period, Jacques and the others left their contact information with Song Chu and hurried back to their country.
I’ll come back to catch errors after I finish posting~
