Chapter 24
Chapter 24 — At the end of the week when I was fired, I made the 3.9 billion contract into waste paper
Six thirty in the morning. It was just dawn, the hospital hallway was still very quiet. My father still hasn't woken up from his nap. The doctor said he had lost too much strength last night and needed absolute rest. I stood next to the hospital bed, looking at the man sleeping soundly. His face no longer had the usual sharpness. At this time, he was just a patient who had just gone through a dangerous episode. I pulled the blanket for him. Then turn around and walk out. Tham Nghien is standing at the end of the hallway calling. Seeing me coming, he quickly ended the call.
“Do you really want to go?”
“The board is not easy to deal with.”
“They won't respect you because you're dad's daughter.”
I looked at him.
“That's even better.”
Tham Nghien paused slightly. I continued:
"If today they respect me because I am dad's daughter, then in the future there will also be a day when they won't respect me because dad is no longer in that position."
He looked at me for a few seconds. Then burst out laughing.
“This sentence is very similar to Dad.”
I didn't reply. But my heart was moved. Eight fifty. I went to Thinh Ninh Capital headquarters. I've been to this building many times as a child. But at that time, I was just the president's daughter. The staff will smile and call me "lady" when they see me. And today. When I stepped into the specialized elevator, going straight to the top floor, all eyes looking at me were filled with scrutiny. News of my father's hospitalization had spread. The news that I own 12% of the shares and will participate in investment decisions has also spread. So today, I am no longer an outsider. I am the one being judged. Is the person being questioned. Also the person that many people wanted to pull down before I could stand firm. Nine o'clock exactly. The door to the large meeting room opened. Inside was almost full of people. Major shareholders, board members, chief financial officer, legal director, head of investment department. The air in the room is colder than the air conditioner. I walked in. The sound of conversation immediately quieted down. Tham Nghien walked beside me, but he did not sit in the chair. He pulled out the chair on the left. As for the middle position, he left it to me. The moment I sat down. A gray-haired old man immediately laughed.
“Nowadays, young people are truly courageous.”
“The first time I attended a council meeting, I sat in the chair.”
I looked towards him. Luc Chinh Binh. One of the founding shareholders of Thinh Ninh. He is also someone who is always dissatisfied because my father gave me 12% of the shares. I looked at his profile on the way here. He is an old man with merit and prestige. But he is also very good at using the word "experience" to oppress others. I calmly replied:
“General Luc is right.”
“Young people should know where they are sitting.”
“So does Ms. Tham know?”
He asked immediately. I opened the document in front of me.
“This seat is the seat representing my 12% stake.”
“Not the chair of the president's daughter.”
The meeting room was quiet for a few seconds. Tham Nghien lowered his head to drink water, the corners of his lips slightly raised. Luc Chinh Binh looked at me, his eyes even deeper.
“So let's talk about work.”
He threw a file on the table.
“Project to acquire Khang Duy medical chain.”
“This is a key project this quarter.”
“Chairman Tham already agreed in principle.”
"Now that he is hospitalized, Ms. Tham has just joined the council, so I should give everyone an opinion."
I held the documents go up. Khang Duy Project. On the way here, Tham Nghien reminded me. This is a deal with a scale of about 2.8 billion yuan. If successful, Thinh Ninh will step deeper into the private healthcare sector. On the surface, this is a very beautiful project. Good growth rate. Stable cash flow. High hospital bed utilization rate. The valuation report is also quite attractive. I turned a few pages. Luc Chinh Binh looked at me.
“Miss Tham, there's no need to be nervous.”
“If you're not familiar, you can listen first.”
“However, managing an investment group and doing risk control at a small financial company are not the same.”
As soon as this sentence ended, several people in the room bowed their heads and covered their mouths. I'm not angry. Just open the computer.
“Give me twenty minutes.”
Luc Chinh Binh frowned.
“Twenty minutes for what?”
“Review the project.”
He laughed.
“The investment team has evaluated this project for three months.”
“Do you want to take twenty minutes to review?”
I raised my head.
“Isn't that okay?”
Luc Chinh Binh leaned back in his chair.
“So we wait.”
The next twenty minutes. The meeting room is very quiet. I read the financial statements, looked at the legal appendices, compared operating data and appraisal notes. There were a few pages, I just glanced at them. There were a few pages where I stopped for a long time. At the eighteenth minute. I closed the document.
“This project cannot be approved under the current plan.”
Luc Chinh Binh immediately laughed. I projected the first page onto the screen.
“First, Khang Duy's revenue in the last two years has increased very nicely, but the growth mainly comes from three newly opened facilities.”
I move on to the next chart.
“These three facilities have an average bed occupancy rate of 86%, which looks very high.”
“But if you compare it with health insurance records and the annex audit report, you will find that the average number of days of treatment has increased abnormally.”
The CFO immediately sat up straight.