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    Li Shufu: Domestic Banks Are Unwilling To Lend Money To Geely.

    2010/9/13 15:56:00 46

    Li Shufu

    "This time

    Merger

    I basically don't want to thank the money. "

    At the online business conference held in Hangzhou on the weekend, Li Shufu, chairman of Geely, said that no other bank in China was willing to lend money to Geely to buy Volvo except China Construction Bank.


    "China (banks) do not think it is good enough, and the risk is too great. If they lend this money to Geely, they must be a meat bunting dog."

    Li Shufu seems to be holding on to grievances.


    It is understood that as early as

    Auspicious

    Announcement of acquisition

    Volvo

    At the time, there was news that the Geely Group was looking for a loan of at least 1 billion US dollars to Chinese banks.

    At least three Chinese banks, including Bank of China, China Construction Bank and China Import and export bank, have agreed to provide loans to Geely holdings.


    However, from Li Shufu's words, only one can really be put into practice.

    "Where does the huge gap come from?" "many people in this merger say where the money comes from, where is the money?" the question seemed very interesting. What do you think of it? What do you think of the money in the world? "Li Shufu explained." why don't we use it? Geely has no money, but people have lots of money and people don't know how to use it. We'll help him with the money. "

    He revealed that many foreign banks ran over to lend money to Geely. "All the world, Hongkong, Europe and the United States are bringing money to Geely, and all think this is good."


    The different attitudes of domestic and foreign banks make Li Shufu feel great emotion: China's reform and opening up is so difficult that it is not easy for Chinese enterprises to go out.


    It is not easy to do more than that, and even bringing information back from abroad is also difficult.

    Li Shufu said that due to a lot of content involved in M & a delivery, "only more than 10000 pages of documents are available, and the weight of documents is as high as 100 kilograms."

    Geely had to pay taxes when such a heavy document was brought into customs.


    Nevertheless, Li Shufu is still full of confidence in the merger.

    "Volvo's capacity matching is very reasonable, its equipment and equipment have 560 thousand capacity, now the staffing is about 400 thousand vehicles, very scientific, and Volvo trademark and more than ten thousand patents, intellectual property rights, more than a dozen series of sustainable development, products that can be constantly deformed and product platform......"


    "Some people say that Ford can't do anything. What can you do with your auspicious luck?" Li Shufu said with disapproval. "I don't understand why the Chinese people will fail to do things that Americans have done badly. Someone asked me if Geely would sell cars on the Internet. I would like to say that e-commerce is the best choice to pform the traditional sales industry.

    This year, Geely will try to sell cars online. "

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