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African Entrepreneurship Records Chapter 403

Chapter 403 Divestment

  Cape Town took the initiative to choose to compromise, which was a good thing for Ernst. Now he can get away from South Africa and focus on a more important matter.

 In October, Ernst did not return to the first town, but came directly to Nairobi.

Hechingen Investment's factories in Nairobi have been fully constructed and put into production at this time. At the same time, the headquarters of Hechingen Bank has also been relocated here, leaving a new location in Nairobi to house the headquarters of Hechingen Bank and A luxurious infrastructure configuration.

“How is the current investment situation in North America?” This was the first question Ernst asked after arriving at the headquarters of Hechingen Bank.

"Your Highness, we have now begun the eleventh round of asset sales, and we still have 30% of fixed high-quality investments in hand. This has allowed us to withdraw a large amount of funds and make a huge profit. However, according to the current economic conditions in North America, we Essentially we are still losing money, the assets we lost are still continuing to increase in value, and the entire market is on fire."

Ernst nodded and said: "Bite off more than we can chew. After all, we can't let us take all the good things. How is the situation in Europe?"

"According to your instructions, we did not sell as many assets in Europe as North America, but we made more money than in North America. Because the good impression created by many brands of the Hechingen Consortium made many people willing to take over the assets at high prices, such as supermarkets This major project, even if it is located in an unfavorable location and difficult to make a profit, has been very popular, but Your Highness, many of these people who have taken over the project hope that we will authorize them to continue to use their previous names."

Ernst shook his head and said: "This is not possible. We can continue to provide supply channels without even taking a commission from them, but we cannot let them use our registered brand name. This is a credibility issue. Of course, if it is a franchise, Brands that can be introduced to them.”

Supply channels are the most important support for the survival of various supermarket brands under the Hechingen Consortium. As an all-round player, the Hechingen Consortium operates extensively in the fields of light industry and electric power industry. It is a unique super giant in the entire Germany. Heavy industry has just It has started, but most of the heavy industry investment is deployed in East Africa. As for Europe and North America, the Hechingen Consortium cannot squeeze in.

 The rich industrial chain enables supermarkets under the Hechingen Consortium to obtain a wide variety of product supplies. The most important thing is that agricultural products from East Africa can also be sold through supermarket channels.

It is unknown how many businesses and companies will go bankrupt during this economic crisis, and the Hechingen Consortium cannot have anything to do with them.

Ernst continued: "Also, we are now starting to clean up the bank's bad debts and sell off all risky assets while the market is hot. Next, we will raise our loan thresholds and remove all companies with operating problems and Unrealistic projects were rejected, and all branches began to withdraw funds to ensure that there would be no problems with the savings."

“Your Highness, our bank will probably lose a lot of money this way.”

"Just do as I say. Any company that wants to operate for a long time cannot turn a blind eye to its own problems, blindly pursue short-term profits, and choose to ignore risks. It will not be strong and will damage the long-term health of the company. Moreover, the reputation accumulated previously has to be rebuilt, which is also a huge waste.”

Under Ernst's operation, the Hechingen consortium sold everything that could be sold and continued to slim down. However, this also brought some negative effects, because many properties were sold, and some investors and savers believed that the Hechingen consortium There are operational risks in root banks. The most likely problem is that there is a problem in the capital chain. Otherwise, how could it sell so many "good" assets? The current market has brought unprecedented confidence to the world. It means selling air. As long as you blow it well, you will be fine. It can make a lot of money, but the reverse operation of the Hechingen Consortium is completely contrary to the mainstream.

Therefore, many investors and depositors turned their money to other banks or the currently hottest railway industry. Hechingen Bank faced a wave of small runs. However, it came and went quickly. Hechingen Bank's original cash flow There is plenty of money, and with the sale of a large number of assets and the return of a large amount of funds, we are basically confident.

Hechingen Bank subsequently refuted these false rumors: the bank is currently optimizing the investment industry structure and there is no so-called operational risk.

 However, the effect of refuting rumors is not satisfactory (praise). In Germany, relying on the credibility accumulated over the years and the media and newspapers controlled by the consortium, it has stabilized the confidence of depositors, but it is not so good in other regions. In particular, Hechingen Bank's competitors are doing everything possible to discredit Hechingen Bank. Many financial institutions in London have rated Hechingen Bank as a high-risk enterprise.

The Sun newspaper, which is fully controlled by Hechingen Bank, spoke out to refute the rumors. As a result, London residents believed it even more. What is the content of the Sun newspaper? Everyone still doesn't know? It's okay to play around with colors and edges, and you're worthy of talking about finance.

However, as the center of the financial empire, London has numerous banks and financial institutions, and the Hechingen Consortium does not have much market share here.

Some depositors who blindly followed the trend saw their money being exchanged, and the theory that the capital chain was broken disappeared, and they deposited their money again. This is good, because some time deposits are exchanged, Hechingen Bank can pay a lot less interest.

This minor turmoil did not affect Ernst at all. After giving instructions to the Hechingen Bank, Ernst visited many textile factories in Nairobi.

"Your Highness, our currently invested textile production capacity in Nairobi can meet approximately 70% of East Africa's demand. The remaining 30% is provided by Far East factories. The factories in Germany have changed hands, but the Far East factories are We account for the bulk of exports to Europe, and labor costs play a big role. If we had not split up the textile factories in the Far East before, we would definitely be able to gain more profits."

 In general, the textile factories invested by the Hechingen Consortium in Jiaozhou in the Far East were split into three parts. One part was sold to Shanxi and Anhui merchants, another part continued to operate and was exported to East Africa and Germany by taking advantage of cost advantages, and the other part was moved to Nairobi.

 The Far East market is indeed very popular. First, it is large in scale and has high demand, but the profits are not as good as those in Europe. The second is that the cost of survival is extremely low, its human resources are too abundant, and the raw materials are quite abundant. The third is that there are few things to do. As a foreign-funded enterprise, Jiaozhou Textile Factory does not need to be affected by bureaucracy. This aspect can be seen from Shanxi merchants and Huizhou merchants. They operate In addition to the tax revenue, local officials also had to take a commission. As for the Jiaozhou Textile Factory, these issues were entrusted to the consulate, and no one dared to go to the East African consulate to cause trouble.

By the way, the business environment of Huaihai Economic Zone and Zhuhai Commercial District has been improved. For example, Jichanglong Silk Reeling Factory, a famous modern national enterprise in the Far East in previous textbooks, has been rebuilt from Nanhai County in Zhuhai Commercial District.

Chen Qiyuan, the owner of Jichanglong Silk Reeling Factory, originally built a factory in his hometown of Nanhai County. However, he died before leaving the army. He was jointly strangled by the local people, bureaucrats, and gentry. Fortunately, Chen Qiyuan was able to do this because of his outstanding ability. The Jichanglong Silk Reeling Factory can continue to operate in a difficult environment and be able to compete with foreign companies.

This life is different. Most of the economic say in the Zhuhai Trade Zone is in the hands of the Xiangshan Consulate. The local gentry and bureaucrats have already been beaten once by East Africa. The Guangzhou government is also keeping a close eye on the local bureaucrats, not wanting to have the last conflict. Repeat.

At the same time, by settling in the Zhuhai Trade Zone, you can also get preferential policies from the Kingdom of East Africa, which mainly make loans more convenient. The Far East market is an area that Hechingen Bank attaches great importance to, ranking only after East Africa and Europe, and at the same level as North America.

Ernst is not afraid of thunderstorms. The Far East is a traditional agricultural country. The benefits of this economic crisis outweigh the disadvantages, and more investment will not cause losses.

This has also resulted in the current shrinkage of Hechingen Bank around the world, with only East Africa and the Far East being the only regions with additional investment.

 (End of this chapter)

Chapter end

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Chapter 784
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Chapter 781
Chapter 780
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Chapter 776
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Chapter 767
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Chapter 765
Chapter 764
Chapter 763
Chapter 762
Chapter 761
Chapter 760
Chapter 759
Chapter 758
Chapter 757
Chapter 756
Chapter 755
Chapter 754
Chapter 753
Chapter 752
Chapter 751
Chapter 750
Chapter 749
Chapter 748
Chapter 747
Chapter 746
Chapter 745
Chapter 744
Chapter 743
Chapter 742
Chapter 741
Chapter 740
Chapter 739
Chapter 738
Chapter 737
Chapter 736
Chapter 735
Chapter 734
Chapter 733
Chapter 732
Chapter 731
Chapter 730
Chapter 729
Chapter 728
Chapter 727
Chapter 726
Chapter 725
Chapter 724
Chapter 723
Chapter 722
Chapter 721
Chapter 720
Chapter 719
Chapter 718
Chapter 717
Chapter 716
Chapter 715
Chapter 714
Chapter 713
Chapter 712
Chapter 711
Chapter 710
Chapter 709
Chapter 708
Chapter 707
Chapter 706
Chapter 705
Chapter 704
Chapter 703
Chapter 702
Chapter 701
Chapter 700
Chapter 699
Chapter 698
Chapter 697
Chapter 696
Chapter 695
Chapter 694
Chapter 693
Chapter 692
Chapter 691
Chapter 690
Chapter 689
Chapter 688
Chapter 687
Chapter 686
Chapter 685
Chapter 684
Chapter 683
Chapter 682
Chapter 681
Chapter 680
Chapter 679
Chapter 678
Chapter 677
Chapter 676
Chapter 675
Chapter 674
Chapter 673
Chapter 672
Chapter 671
Chapter 670
Chapter 669
Chapter 668
Chapter 667
Chapter 666
Chapter 665
Chapter 664
Chapter 663
Chapter 662
Chapter 661
Chapter 660
Chapter 659
Chapter 658
Chapter 657
Chapter 656
Chapter 655
Chapter 654
Chapter 653
Chapter 652
Chapter 651
Chapter 650
Chapter 649
Chapter 648
Chapter 647
Chapter 646
Chapter 645
Chapter 644
Chapter 643
Chapter 642
Chapter 641
Chapter 640
Chapter 639
Chapter 638
Chapter 637
Chapter 636
Chapter 635
Chapter 634
Chapter 633
Chapter 632
Chapter 631
Chapter 630
Chapter 629
Chapter 628
Chapter 627
Chapter 626
Chapter 625
Chapter 624
Chapter 623
Chapter 622
Chapter 621
Chapter 620
Chapter 619
Chapter 618
Chapter 617
Chapter 616
Chapter 615
Chapter 614
Chapter 613
Chapter 612
Chapter 611
Chapter 610
Chapter 609
Chapter 608
Chapter 607
Chapter 606
Chapter 605
Chapter 604
Chapter 603
Chapter 602
Chapter 601
Chapter 600
Chapter 599
Chapter 598
Chapter 597
Chapter 596
Chapter 595
Chapter 594
Chapter 593
Chapter 592
Chapter 591
Chapter 590
Chapter 589
Chapter 588
Chapter 587
Chapter 586
Chapter 585
Chapter 584
Chapter 583
Chapter 582
Chapter 581
Chapter 580
Chapter 579
Chapter 578
Chapter 577
Chapter 576
Chapter 575
Chapter 574
Chapter 573
Chapter 572
Chapter 571
Chapter 570
Chapter 569
Chapter 568
Chapter 567
Chapter 566
Chapter 565
Chapter 564
Chapter 563
Chapter 562
Chapter 561
Chapter 560
Chapter 559
Chapter 558
Chapter 557
Chapter 556
Chapter 555
Chapter 554
Chapter 553
Chapter 552
Chapter 551
Chapter 550
Chapter 549
Chapter 548
Chapter 547
Chapter 546
Chapter 545
Chapter 544
Chapter 543
Chapter 542
Chapter 541
Chapter 540
Chapter 539
Chapter 538
Chapter 537
Chapter 536
Chapter 535
Chapter 534
Chapter 533
Chapter 532
Chapter 531
Chapter 530
Chapter 529
Chapter 528
Chapter 527
Chapter 526
Chapter 525
Chapter 524
Chapter 523
Chapter 522
Chapter 521
Chapter 520
Chapter 519
Chapter 518
Chapter 517
Chapter 516
Chapter 515
Chapter 514
Chapter 513
Chapter 512
Chapter 511
Chapter 510
Chapter 509
Chapter 508
Chapter 507
Chapter 506
Chapter 505
Chapter 504
Chapter 503
Chapter 502
Chapter 501
Chapter 500
Chapter 499
Chapter 498
Chapter 497
Chapter 496
Chapter 495
Chapter 494
Chapter 493
Chapter 492
Chapter 491
Chapter 490
Chapter 489
Chapter 488
Chapter 487
Chapter 486
Chapter 485
Chapter 484
Chapter 483
Chapter 482
Chapter 481
Chapter 480
Chapter 479
Chapter 478
Chapter 477
Chapter 476
Chapter 475
Chapter 474
Chapter 473
Chapter 472
Chapter 471
Chapter 470
Chapter 469
Chapter 468
Chapter 467
Chapter 466
Chapter 465
Chapter 464
Chapter 463
Chapter 462
Chapter 461
Chapter 460
Chapter 459
Chapter 458
Chapter 457
Chapter 456
Chapter 455
Chapter 454
Chapter 453
Chapter 452
Chapter 451
Chapter 450
Chapter 449
Chapter 448
Chapter 447
Chapter 446
Chapter 445
Chapter 444
Chapter 443
Chapter 442
Chapter 441
Chapter 440
Chapter 439
Chapter 438
Chapter 437
Chapter 436
Chapter 435
Chapter 434
Chapter 433
Chapter 432
Chapter 431
Chapter 430
Chapter 429
Chapter 428
Chapter 427
Chapter 426
Chapter 425
Chapter 424
Chapter 423
Chapter 422
Chapter 421
Chapter 420
Chapter 419
Chapter 418
Chapter 417
Chapter 416
Chapter 415
Chapter 414
Chapter 413
Chapter 412
Chapter 411
Chapter 410
Chapter 409
Chapter 408
Chapter 407
Chapter 406
Chapter 405
Chapter 404
Chapter 403
Chapter 402
Chapter 401
Chapter 400
Chapter 399
Chapter 398
Chapter 397
Chapter 396
Chapter 395
Chapter 394
Chapter 393
Chapter 392
Chapter 391
Chapter 390
Chapter 389
Chapter 388
Chapter 387
Chapter 386
Chapter 385
Chapter 384
Chapter 383
Chapter 382
Chapter 381
Chapter 380
Chapter 379
Chapter 378
Chapter 377
Chapter 376
Chapter 375
Chapter 374
Chapter 373
Chapter 372
Chapter 371
Chapter 370
Chapter 369
Chapter 368
Chapter 367
Chapter 366
Chapter 365
Chapter 364
Chapter 363
Chapter 362
Chapter 361
Chapter 360
Chapter 359
Chapter 358
Chapter 357
Chapter 356
Chapter 355
Chapter 354
Chapter 353
Chapter 352
Chapter 351
Chapter 350
Chapter 349
Chapter 348
Chapter 347
Chapter 346
Chapter 345
Chapter 344
Chapter 343
Chapter 342
Chapter 341
Chapter 340
Chapter 339
Chapter 338
Chapter 337
Chapter 336
Chapter 335
Chapter 334
Chapter 333
Chapter 332
Chapter 331
Chapter 330
Chapter 329
Chapter 328
Chapter 327
Chapter 326
Chapter 325
Chapter 324
Chapter 323
Chapter 322
Chapter 321
Chapter 320
Chapter 319
Chapter 318
Chapter 317
Chapter 316
Chapter 315
Chapter 314
Chapter 313
Chapter 312
Chapter 311
Chapter 310
Chapter 309
Chapter 308
Chapter 307
Chapter 306
Chapter 305
Chapter 304
Chapter 303
Chapter 302
Chapter 301
Chapter 300
Chapter 299
Chapter 298
Chapter 297
Chapter 296
Chapter 295
Chapter 294
Chapter 293
Chapter 292
Chapter 291
Chapter 290
Chapter 289
Chapter 288
Chapter 287
Chapter 286
Chapter 285
Chapter 284
Chapter 283
Chapter 282
Chapter 281
Chapter 280
Chapter 279
Chapter 278
Chapter 277
Chapter 276
Chapter 275
Chapter 274
Chapter 273
Chapter 272
Chapter 271
Chapter 270
Chapter 269
Chapter 268
Chapter 267
Chapter 266
Chapter 265
Chapter 264
Chapter 263
Chapter 262
Chapter 261
Chapter 260
Chapter 259
Chapter 258
Chapter 257
Chapter 256
Chapter 255
Chapter 254
Chapter 253
Chapter 252
Chapter 251
Chapter 250
Chapter 249
Chapter 248
Chapter 247
Chapter 246
Chapter 245
Chapter 244
Chapter 243
Chapter 242
Chapter 241
Chapter 240
Chapter 239
Chapter 238
Chapter 237
Chapter 236
Chapter 235
Chapter 234
Chapter 233
Chapter 232
Chapter 229
Chapter 228
Chapter 227
Chapter 226
Chapter 225
Chapter 224
Chapter 223
Chapter 222
Chapter 221
Chapter 219
Chapter 218
Chapter 217
Chapter 216
Chapter 215
Chapter 214
Chapter 213
Chapter 212
Chapter 211
Chapter 210
Chapter 209
Chapter 208
Chapter 207
Chapter 206
Chapter 205
Chapter 204
Chapter 203
Chapter 202
Chapter 201
Chapter 200
Chapter 199
Chapter 198
Chapter 197
Chapter 196
Chapter 195
Chapter 194
Chapter 193
Chapter 192
Chapter 191
Chapter 190
Chapter 189
Chapter 188
Chapter 187
Chapter 186
Chapter 185
Chapter 184
Chapter 183
Chapter 182
Chapter 181
Chapter 180
Chapter 179
Chapter 178
Chapter 177
Chapter 176
Chapter 175
Chapter 174
Chapter 173
Chapter 172
Chapter 171
Chapter 170
Chapter 169
Chapter 168
Chapter 167
Chapter 166
Chapter 165
Chapter 164
Chapter 163
Chapter 162
Chapter 161
Chapter 160
Chapter 159
Chapter 158
Chapter 157
Chapter 156
Chapter 155
Chapter 154
Chapter 153
Chapter 152
Chapter 151
Chapter 150
Chapter 149
Chapter 148
Chapter 147
Chapter 146
Chapter 145
Chapter 144
Chapter 143
Chapter 142
Chapter 141
Chapter 140
Chapter 139
Chapter 138
Chapter 137
Chapter 136
Chapter 135
Chapter 134
Chapter 133
Chapter 132
Chapter 131
Chapter 130
Chapter 129
Chapter 128
Chapter 127
Chapter 126
Chapter 125
Chapter 124
Chapter 123
Chapter 122
Chapter 121
Chapter 120
Chapter 119
Chapter 118
Chapter 117
Chapter 116
Chapter 115
Chapter 114
Chapter 113
Chapter 112
Chapter 111
Chapter 110
Chapter 109
Chapter 108
Chapter 107
Chapter 106
Chapter 105
Chapter 104
Chapter 103
Chapter 102
Chapter 101
Chapter 100
Chapter 99
Chapter 98
Chapter 97
Chapter 96
Chapter 95
Chapter 94
Chapter 93
Chapter 92
Chapter 91
Chapter 90
Chapter 89
Chapter 88
Chapter 87
Chapter 86
Chapter 85
Chapter 84
Chapter 83
Chapter 82
Chapter 81
Chapter 80
Chapter 79
Chapter 78
Chapter 77
Chapter 76
Chapter 75
Chapter 74
Chapter 73
Chapter 72
Chapter 71
Chapter 70
Chapter 69
Chapter 68
Chapter 67
Chapter 66
Chapter 65
Chapter 64
Chapter 63
Chapter 62
Chapter 61
Chapter 60
Chapter 59
Chapter 58
Chapter 57
Chapter 56
Chapter 55
Chapter 54
Chapter 53
Chapter 52
Chapter 51
Chapter 50
Chapter 49
Chapter 48
Chapter 47
Chapter 46
Chapter 45
Chapter 44
Chapter 43
Chapter 42
Chapter 41
Chapter 40
Chapter 39
Chapter 38
Chapter 37
Chapter 36
Chapter 35
Chapter 34
Chapter 33
Chapter 32
Chapter 31
Chapter 30
Chapter 29
Chapter 28
Chapter 27
Chapter 26
Chapter 25
Chapter 24
Chapter 23
Chapter 22
Chapter 21
Chapter 20
Chapter 19
Chapter 18
Chapter 17
Chapter 16
Chapter 15
Chapter 14
Chapter 13
Chapter 12
Chapter 11
Chapter 10
Chapter 9
Chapter 8
Chapter 7
Chapter 6
Chapter 5
Chapter 4
Chapter 3
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