Chapter 127: 127: Greed
When the fans took these loans from Qin Yi’s mother, she would purposely ask if they were Qin Yi’s fans. Since most of his fans were young and below 18, they would not be able to get these loans. Therefore, most of his fans would take their parent’s identification card and claim that they weren’t Qin Yi’s fans. All of them were doing this so just that so that they would be able to give more money back to their idol, since making mooncakes does require money for the ingredients, which means that their future ‘mother-in-law’ would not be making much profit.
Within three months, Qin Yi had become a rising star and the mooncake, which had originally cost 100 yuan, had now increased to 178 yuan.
Each set increased by 78 yuan, so ten thousand sets would cost 78 thousand yuan in total.
She had already made a fortune because of this.
After getting rewarded, Li Yufang decided to expand the shares to 100 million sets. She believed that her son was going to be famous in the future and the mooncake’s price would continue to double.
It can’t be denied that Li Yufang’s management of the company was very good. Not only was she making money from selling the mooncakes, she even got to earn additional money from these loans.
Unfortunately, she was a greedy woman. If she didn’t get a loan by using her mortgage as collateral, she wouldn’t have lost so much money, but because she only saw the good side of this situation, she thought about how she got a loan of 50 million with the mortgage on her house.
As Jing Qian went through Li Yufang’s financial report, a sly smile was painted on her face.
She may not care about the money that the previous owner had given to Qin Yi before this, but she clearly remembered the 200 million that she had let them borrow. Since it was borrowed, that meant that they would have to return it, but because they weren’t being cooperative about it at the moment, she had no other choice but to do it her way.
Especially since Li Yufang was loaded now…
*****
Back in the factory.
Li Yufang was dressed in an elegant suit paired with the jade bangle that Jing Qian had bought for her using millions, listening to the financial report of her company with a comforting look on her face.
When it was completed, Li Yufang was extremely happy, exclaiming, “Great! That’s great! Li Hu, is it still possible for us to raise more funds?”
Li Hu was a financial consultant for the company. Seeing that her eyes were filled with stars, he replied, “If we’re thinking of doing it the legal way, that would be impossible. We’re just a small company and 50 million is already the upper limit. However, there are a few platforms that will allow us to raise these funds, although they are not officially recognized. We will have to be more cautious if we decide to go this route.”
“Okay, do it then.” Li Yufang made the decision without any hesitation.
“Cousin sister, forgive me for saying this. I understand that Qin Yi’s career is flowing smoothly at the moment, but our company started off in the name of love. The quality and taste of our mooncake should be our top priorities. I think that we shouldn’t be so focused on these loans.
“Instead, we should pay more attention to the mooncakes that we are producing. Let’s change the ingredients back to the good ones since we are doing good now. Since Ah Yi is also doing well now, we would be able to make a fortune by selling more mooncakes. If anything bad happens, we would still be able to continue to attract other customers with our good taste and reputation. Isn’t this better?”
“I think what he’s saying is right. Ah Yi’s career is still unstable. Since we have already made a good reputation with our mooncakes, we shouldn’t just focus on his fans. We should use better quality mooncakes and target other customers in the market.”
Most of the senior executives agreed with this statement, with only a few that took Li Yufang’s side.
However, Li Yufang waved her hands and immediately shut them up.
“I am the chairwoman of this company and I am the one who will decide what to do! Since we have the chance to raise the funds, why shouldn’t we? When will we be able to do this otherwise?”