Chapter 303: Bad News

Over the years, Guan Yuntian has maintained good relations with major local financial institutions, and in previous years, the construction of all projects of Changda Group relied on the full support of various banks.

Since the backdoor listing, the company's financing channels have shifted to the stock market, and there are many fewer opportunities to deal with various banks in business, except for Changda Real Estate Company, which also has some loans in the bank, even if it is a large project like auto parts, it has not borrowed a penny from the bank.

Although the business of borrowing from banks has decreased by 80 percent, Guan Yuntian has always maintained relationships with various financial institutions, and every once in a while, even though he is not involved in loan business, he has to take time out of his busy schedule to visit various banks.

There was once a popular practice in society that the bosses of some enterprises that seemed to be good on the surface tried their best to get in touch with the banks, and then, under the cover of legality, they expanded with loans from the banks, and when the enterprises reached a certain size, the loans in the banks had accumulated into a terrible number.

At this time, all kinds of overdue and defaults in the process of repaying the principal and interest of the enterprise will follow one after another, but the bosses are as steady as Mount Tai, waiting for the bank leaders to beg them in turn, because the financial institutions are afraid that the enterprise will go bankrupt and go bankrupt, and if the loan becomes a bad debt, according to the provisions of the financial law, the relevant leaders will be responsible.

In the more than 10 years of operation and management, no matter whether the company's efficiency is good or bad, whether the funds are loose or not, Guan Yuntian has not only never defaulted on the repayment of principal and interest on loans, but also has no idea of relying on connections to take out loans on a large scale and then cheat. It is Guan Yuntian's entrepreneurial spirit and honest and reliable character that has won unanimous praise from all local financial institutions and made Changda Group a gold medal customer of local banks.

President Liu was just a joke just now, even if he knew that Guan Yuntian was here to help others, this face had to be given, because Guan Yuntian's personality was there, and the decisions he made were all well thought out.

In the face of President Liu's ridicule, Guan Yuntian was not angry, after all, he was an old friend, "You don't know, sometimes you have to take care of idle things!"

"Ouch, there's something you have to do, I've heard of this for the first time!"

"Don't say cool things, I don't believe that when your friend encounters something that can't be done, will you see death or not?" Guan Yuntian glanced at the other party.

"If this is the case, I can understand, just because of your character, your friends ask you for help, and you won't care. Uh, which of your friends has encountered something that you can't do?" said Liu Xingchang.

"Changda Holdings, a listed company, is carrying out environmental rectification in accordance with the requirements of the Municipal Environmental Protection Bureau, because the incident happened suddenly, and now there is a funding gap of 100 million yuan, and their chairman and chairman of the board of supervisors have found me, and you say I don't care?"

"Haven't you Changda Group already withdrawn from the listed company? You have never been involved in a listed company, so what do you care about them? Besides, a listed company has both a chairman and a chief financial officer, is it necessary for you to do that?" President Liu disagreed.

"That being said, however, environmental rectification is a very serious matter, and if it does not meet the standards on time, the company may face the danger of shutting down. The management of listed companies has tried their best, although the stock market financing has solved most of the funds, but there is still a certain funding gap, if this part of the funds is not implemented, environmental protection rectification will not be able to meet the standard on time. ”

"I think you are unfounded, you have withdrawn from the listed company, does it have anything to do with you whether they can meet the standard?"

"You don't know, on the one hand, we have not completely withdrawn, there are still nearly 10% of the equity in the listed company, in addition, several projects including Changda Holdings are personally presided over by me to build.

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If there is a good one, it is very difficult for me to accept it emotionally. "Guan Yuntian said.

"Hey, you are the heart of the Bodhisattva, ten percent of the equity, is it a lot of money for the current Changda Group?"

"President Liu, you don't have a backache when you stand and talk! This matter is put on you, and you still can't sit idly by. Ten percent of the equity, that's also a lot of money, and it's a pity to rot in vain. In addition, we have just withdrawn from the position of the largest shareholder, and if the listed company is shut down due to environmental protection issues at this time, how will the outside world view us?

"Well, the purpose of your coming to me, although you didn't say it explicitly, I already know. Is this loan in the name of Changda Group, or is the listed company directly applying to us? You must know that Changda Holdings has never had business with us, and the first loan still needs to be credited, one is a long time, and the other is that the procedures are more troublesome. "Governor Liu is clearly reluctant to confront Changda Holdings directly.

Guan Yuntian is too familiar with the business processes of financial institutions, and he also thinks that the procedures for direct loans from listed companies are cumbersome, "then according to President Liu's intentions, how to make it convenient." ”

"Lending in the name of Changda Group is naturally simple and convenient, but ...... repay the principal and interest?"

"Please rest assured that since the loan is in the name of Changda Group, we are responsible for everything, and we will definitely not default on the extension. ”

"I don't need you to say this, Changda Group has had a relationship with us for so many years, and this little thing still needs to be talked about? I'm worried about you, does the other party have a repayment plan?"

"Although I am enthusiastic, but not without principles, when I promised to help them, I also mentioned the repayment plan, and the other party promised to set aside this money from the year-end gross profit of the listed company, and I think their repayment plan is guaranteed. ”

......

Under the guarantee of sufficient funds, the environmental protection rectification of the two key projects of tire manufacturing and oil refining and petrochemical under Changda Holdings was completed as scheduled and successfully passed the acceptance, which made the chairman of the board of directors Lao Duan breathe a sigh of relief, however, just when he thought everything was fine, the secretary of the board of directors of the listed company received a document jointly issued by the two functional departments of environmental protection and development and reform, which was related to the self-provided power plant.

The document was transferred to Lao Duan's hand, and he read it several times, and finally understood the content of the document, it turned out that the above policy called for the gradual shutdown of small coal-fired power plants in various places. It seems that the plan that was rumored two years ago is now about to be officially implemented!

Lao Duan threw the documents aside, he fell into a panic, although the listed company's refining and petrochemical and tire manufacturing two major sectors, although spent a lot of investment in environmental protection rectification, after acceptance, you can continue to produce, for shareholders and the majority of retail investors to create profits, the situation of self-supplied power plants is too terrible, not to ask for rectification, but directly announced the gradual shutdown from now on.

Lao Duan has a deep understanding of this kind of policy risk, and the Fengyuan Mining Company he once ran could not be maintained in the government's policy of shutting down small and medium-sized coal mines.

Lao Duan knew very well that the shutdown would not only mean that the power plant would no longer be able to generate profits for the majority of shareholders, but that the value of all the plant's facilities would be drastically reduced. If this kind of bad news reaches the stock market, the share price of Changda Holdings will fall sharply.

I wanted to convene a board of directors and make this document public at the meeting, but after all, Lao Duan has experienced some things, and he has a lot of thoughts, not only the board of directors is not open, but also the document is suppressed, and there is only one purpose for this purpose, that is, to avoid leakage

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news, causing panic among shareholders.

However, such a major event is about to happen, and Lao Duanguang suppressed the file, which did not play any role except for temporarily blocking the news. Thinking of this, he felt the need to report this matter to Elder Li, the chairman of the supervisory board.

With this document, Lao Duan asked the driver to send him to Lao Li's Xinrui Pharmaceutical Company, and when he came to Lao Li's office, Lao Duan not only turned around and closed the door, but also locked it.

"Why are you here? What are you doing here?" Seeing Lao Duan locking the office door, Lao Li felt inexplicable.

Lao Duan made a gesture to speak in a low voice, "You take a look at this first." As he spoke, he took out the document from his bag and handed it to Lao Li.

Flipping through the documents, Lao Li read it from beginning to end, "Ouch, this is a big deal, and it will have a great impact on the performance of listed companies!"

"I wanted to convene a board meeting to convey this document, but on second thought, it would be better to temporarily block the news, I was afraid that the news would spread and cause panic among shareholders and a sharp drop in stock prices, and so far only you know about it. Lao Duan whispered.

"Well done! or you have experience. Lao Li said approvingly.

"But the policy will be implemented soon, and it won't be long before you hide it like this!" Lao Duan spread his hands.

"Yes, but what can we do about the policy requirements?" Lao Li was also at a loss.

"We can't control the policy, I came to discuss with you to see if I can find any way to minimize the losses of listed companies. ”

Lao Li pondered for a moment, "I don't know what to do, I don't know what way to reduce losses, since you mentioned this idea to me, then I think you should discuss with Mr. Guan of Changda Group, he has more experience in this area, maybe he can provide you with useful advice." Lao Li knows more about Guan Yuntian.

"Chairman of the Board of Supervisors, although you didn't make a specific suggestion, this suggestion is also very useful, yes, I will discuss countermeasures with Mr. Guan to see if he has a good plan, but you have to go with me. ”

"Hmph, most of the purpose of your search for me is also for this. Lao Li agreed to accompany him.

After meeting in Guan Yuntian's office in Changda Building, Lao Duan also closed the door and whispered: "Mr. Guan, I asked you for something today, you can take a look at this document first." ”

Guan Yuntian took the document, and he was not surprised at all after reading it, because as early as two years ago, he learned from the environmental protection department that the policy of closing small coal-fired power plants had been formulated, and the opinions of all parties were being listened to at that time.

"What are you looking for me?" Guan Yuntian returned the document to Lao Duan.

"Mr. Guan, you have also read the document, if the self-supplied power plant is shut down, it will have a great impact on the performance of the listed company!"

"The impact is definitely not small, but this is a national policy, and it is not aimed at Changda Holdings, in addition to implementation, can there be any other way?"

"No one dares to go against the policy, implementation is inevitable, I and Chairman Li of the Supervisory Board, can we think of other ways to minimize the loss of power plant shutdown?"

"Yes, the shutdown of the power plant will affect the company's performance on the one hand, and its assets will soon depreciate exponentially. How to minimize the loss? It is time to think about this issue carefully, but ......," Guan Yuntian was also at a loss.

After a while, Guan Yuntian said to himself: "This document is jointly issued by the development and reform department and the environmental protection department, let me inquire about it and make a further decision." ”

(End of chapter)