As a self-made billionaire who rose from the bottom, Zhang Hongchao is very humble in his dealings.
Hearing that Chen Yiyang wanted to have a chat with him, he immediately arranged a meeting at a private restaurant.
"I heard Mishu Ice City is seeking external investment recently?" Chen Yiyang asked.
He had only found out about this recently.
"The industry competition is getting more and more intense, so we plan to stockpile some cash for unforeseen needs."
Zhang Hongchao was speaking the truth.
Currently, Mishu Ice City has a high market share and decent profits.
But due to its low prices, Mishu's cash reserves aren't much.
According to publicly available information, Mishu has more than 3 billion in cash, and it will only decrease, not increase.
Mishu's annual revenue is over 15 billion, with profits of over 2 billion. But the funds in the account are only over 3 billion.
One can see how much this amount actually is.
