Chapter Seventy-Five: To Gamble or Not to Gamble

The cloth merchants made crazy money, and they began to buy goods from the giant cotton textile mills like crazy.

They know that the giant cotton textile factory is selling cloth at a loss, and if they don't buy more now, they won't have a chance in the future.

And the fabric is not food, there is no problem at all for a few years, even if it can't be used up for a while, it's good to store it at home!

When the two companies divide the winners and losers in the future, and the market price returns to normal, then the cloth they bought for 65 yuan can be sold for 120 after being made into clothes! I earned 55 yuan in blood, which is almost half of it!

Now anyone who is a wise businessman knows what is better than Tunbu.

So there was a strange situation in Qiongbi City—not only cloth merchants were buying cloth, but some other merchants were also buying cloth.

And this situation has led to the fact that the cloth of the giant cotton textile factory is selling more and more, and the market share is getting bigger and bigger!

The price of the Sandy mill is still 25% lower, which is no advantage compared to the 35% reduction of the giant cotton mill.

Seeing that the market occupied by her family was getting smaller and smaller, Sandy couldn't sit still.

His original plan was that the giant cotton textile factory was willing to sell at a loss, so let it be sold! Anyway, the other party is losing money, and according to this selling method, they can't control no matter how much money they have.

But now he finds that he doesn't know if the other party can withstand it, but he can't stand it!

Because of this price, the speed of grabbing the market is too fast! If you don't take action, then the whole market will be Jumian!

When the time comes, if someone signs an exclusive procurement treaty or something, and no one buys his cloth, then he must not cry to death.

And he can't sell the cloth now, and he has to pay taxes every day to raise so many workers, which is also losing money!

Jumian Company's price reduction of 35% is completely a practice of killing a thousand enemies and losing eight hundred!

So now the question arises.

What is he going to do with Sandy?

Is it to continue to wait, waiting for the giant cotton textile factory to lose the money? Or do you want to make a move now and continue to reduce prices with the giant cotton textile factory?

Although he didn't have as much cash as Jumian, he had a factory and a house to mortgage on. There can be another price war!

If he fails, he may have nothing to do with the meeting, but if he succeeds, he will monopolize the entire textile industry in Jombi City!

How to choose?

To bet or not to bet?

Sandy gasped for breath, her eyes red, like a dead gambler.

……

Three days later.

Sandy Textile Mills Announces 35% Price Reduction for All Fabrics!

The only two textile mills in Qiongbi City are fighting head-on again!

This time, it can be described as a knife to the blood.

No matter which textile company it is, it is a loss for one sale.

It's up to whoever lasts longer.

Roy was still a little surprised when he learned the news, he didn't expect Sandy to be so ruthless.

It's a wolf.

However, it didn't work.

Because they have a lot of working capital in the giant cotton textile mill now.

At the beginning, there were more than 2.7 million in cash, minus the 1.7 million for buying a steam textile machine, and there was still 1 million left. The money for recruiting workers, expanding the plant and buying raw materials was not much, and more than 300,000 yuan was spent, and more than 600,000 remained.

When the price was reduced by 35% before, the factory sold a lot of cloth and made some money, adding up all this money, the company now has a total of 800,000 cash.

With these 800,000 cash, it is enough to fight with Sandy.

December 18th.

Puran looked at the only 300,000 left in the company's account, and his heart was dripping blood.

Although he knew that this money would definitely be earned back in the future, he still couldn't calm down when he saw that 500,000 cash was gone from his hands.

Not to mention him, even the other major shareholders are not at peace in their hearts.

Like Steve, the head of Dafeng, and even Novia are not very calm.

Although the projects they have invested in may exceed the scale of the Jumian Textile Factory, and even he has money worth a Jumian Textile Factory in his hand, but one yard is one yard.

Even if other investments cost a lot of money, they are all visible and tangible.

It's like now, six days, a full 500,000 spent!

No, it is not very accurate to use flowers, it should be burned. Because of the 500,000 joint coins, it has not been able to bring anything substantial to the company for the time being, and it is completely squandered.

It's the first time they've seen such a burner.

However, compared to their unrest, Henry and Roy were much calmer.

Needless to say, although he is a major shareholder, he represents a commercial bank, and the money invested is all from the bank, and he gets a little bank bonus at most, so he doesn't feel distressed if the money is gone.

As for Roy, he had long anticipated this day, and when he made this plan, he had been waiting for this moment.

He didn't think Sandy Textiles would survive such an offensive.

However, for the sake of insurance, Roy still suggested that Puran go to a commercial bank for a loan, using the company as collateral, and he should be able to borrow a lot of money.

Henry said that there was no problem, and with the current situation of the Giant Cotton Textile Company, it would be easy to borrow one million. If you are not in a hurry, it is possible to borrow two million after some slightly complicated qualification audits.

When Puran told the shareholders about the idea of a mortgage, there was some concern that it would be too risky, but they all agreed.

Because they know that there is no turning back at this time. Jumian and Sandy, only one will survive!

It's just that before Puran went to the commercial bank, a news suddenly came out, which made everyone a little confused, and even a little at a loss - Sandy ran away!

Roy is no stranger to the word runaway.

Lucia, the former boss of Tulip Candy, also ran away, but she said she ran away, but in fact, she left the entire company and handed it over to her employees.

And Sandy is obviously not so kind, he ran away with the money!

Companies, factories, houses, and so on, all of which he couldn't take away, were all mortgaged by him for money, and then he ran away with the money.

To be honest, this result was not expected.

Because Sandy obviously still has the strength to fight, judging from his previous performance, it is likely to be stumbling to the end.

Even Roy was a little uneasy, and asked Puran to go to the bank to mortgage the company for a loan, in case Sandy fought back.

But unexpectedly, Sandy ran first, and there was a feeling of punching the cotton.

The impact of Sandy's run away is undoubtedly enormous. He left behind a lot of mess, and for a time countless unlucky people suffered-

Workers who didn't get paid, merchants who paid a deposit and didn't get the fabric, friends who lent Sandy money...... And the most unlucky are the banks.

Sandy's loan was handled at the "Stokato Credit Bank Jombi City Branch", and the Credit Bank is a behemoth like a commercial bank.

With the value of Sandy's textile mill, Sandy's own connections, and his rhetoric, it didn't take much effort to get the loan.

But the premise of a mortgage is that your collateral is valuable.

Before Sandy ran, his business was naturally valuable. And someone at the bank judged that Sandy would win. That's why I gave him a loan.

But now, Sandy has run away, and the giant cotton mill has been dominant ever since. That Sandy's legacy still has a fart value!

Who will take over? Who would dare to take over?

Sold to Jumian Company? The development path of others is obviously different from Sandy, and they probably won't want it.

Credit bank blood loss!