Section 16 Bankruptcy

"How serious is the problem?"

As soon as he sat down, Long Guohai asked straightforwardly.

Long Tianxiang pretended to smile lightly and replied, "It's just the speculation of those bankers, and our funds are ......."

Before Long Tianxiang finished speaking, Long Guohai interrupted him and said, "I said a long time ago, big brother, you are not good at lying. ”

Long Tianxiang closed his mouth and was silent for a while, then put away his smiling face, sighed and said, "The problem is indeed a bit serious. ”

"Tell me the details."

"In the middle of last year, Feilong Group negotiated a real estate project with an American company called Duobao Group, which involved almost half a billion US dollars, which was a big project, and my father personally approached him. We talked to them dozens of times, and my father personally visited the United States three or four times. After making sure there was no problem, we signed a cooperation agreement with them and transferred $700 million in upfront funds. But the strange thing is that just a week after we signed the contract, Duobao Group was suddenly seized by the American political axe, the chairman disappeared without a trace, and took all the funds in the company and absconded, including our 700 million US dollars. We are entrusting someone from the U.S. branch to negotiate with the U.S. government, and we believe that we can still get the money back, but I am afraid that it will take a long time, and the legal process in the United States is too complicated...... Now everyone in the company suspects that Duobao Group itself is a scam group. ”

Hearing this, Long Guohai immediately shook his head and said, "In my opinion, things won't be so simple. If Duobao Group is just a simple fraud group, it is impossible to deceive Dad. His eyes are more poisonous than an eagle, how could he fall into such a trap. ”

"yes, that's what I thought, too." Long Tianxiang nodded, "Duobao Group is definitely not a simple fraud group, their accounts, industries and whatever, all of them are real, we have all checked, and the total net assets are definitely more than three billion US dollars." A scam syndicate cannot have such strength. The strange thing is that just a week later, the various industries under the name of Duobao Group were mysteriously reduced to zero, the cash was also swept away, and the American political axe was just an empty shell. ”

In that case, there must be a behind-the-scenes mastermind, and they must have a deeper purpose. However, if it is only 700 million dollars, it should not bring us to the point of crisis, right? So, how did things get so serious? ”

"That's exactly what I'm telling you. Our Feilong Group openly and secretly controls dozens of companies, and three of them are listed companies. According to the outside world, our total assets are only 35 billion yuan. However, this is just an illusion, in fact, the real total assets of our Feilong Group are more than 80 billion yuan. Our cash flow is also very sufficient, with a standing deposit of about 13 billion yuan, and 700 million US dollars is less than 6 billion yuan. But the strange thing is that at this juncture, the pre-sale permits for the two properties that we were supposed to start selling on July 15 suddenly failed to be issued. The explanation given is that our formalities are not complete, but I think this is purely nitpicking. ”

"Bihai Jiaoyang and Junma Haoyuan are both buildings, if I remember correctly, there are almost 80 buildings, more than 5,000 units, and the market value should exceed 8 billion, right?"

"Yes. Although the central government says that it will reduce housing prices all day long, at least from now on, Shanghai's housing market is still very hot. Both of our projects are very well planned, neither of them has been launched yet, and almost half of them have been sold out by internal pre-orders alone. If we get the pre-sale license, we will only need a month at most, and we can withdraw about 8 billion yuan. ”

"But at this time, the pre-sale license can't be issued? It's really weird. ”

"Yes, in addition to this, our factories and mall suppliers have suddenly started asking us for settlements, and the tone is extremely tough. In addition, there are some bits and pieces, all added up, and our Feilong Group's funds are starting to be a little tight. When we asked our friends in the banking industry for help, their attitude was very ambiguous. At that time, I learned that the capital chain of Feilong Group was broken, and the rumors of an imminent collapse had already spread all over the world. ”

"Where is Mengdie's father? Is there a ......" As soon as Long Guohai said this, he shook his head with a wry smile, "Forget it, he can't help." ”

"If only it weren't helpful." Long Tianxiang sighed and said.

When Long Guohai heard this, this was very meaningful, so he immediately asked, "Big brother, you seem to have something to say." ”

"Do you know how the old man analyzes this?" Long Tianxiang asked.

Long Guohai's eyebrows twitched, "What did he say?" ”

Long Tianxiang replied: "He is the same as your judgment, everything is not a simple, accidental event of reading. It is an inevitable conspiracy connived by someone with ulterior motives. Everything is done by the same person. ”

"Daddy means this person is ......?" Long Guohai's heart began to have an ominous premonition.

"You guessed it." Long Tianxiang smiled bitterly, "It's him, our dear Uncle Ling Yuanshan." ”

"How...... How so? Long Guohai was stunned for a while, and said in disbelief, "Could it be that Dad is allergic?" ”

"I used to think so, but now that I see, I'm afraid that's really the case." Long Tianxiang said, touching his forehead a little sadly, "More than one person has told me, and there has been more than one thing to prove that the person behind all this is Ling Yuanshan. ”

"Why would he do that?" Long Guohai asked angrily and strangely.

"Why else?" Long Tianxiang stretched out his hand and knocked on a planning map behind him, "Of course it's for this." ”

Long Guohai looked up and saw that this planning map read "Shanghai First Satellite City Planning Map".

"Shanghai is now getting more and more crowded, and housing prices are getting higher and higher. Seeing this opportunity, my father found an opportunity to propose the plan of the first satellite city to the central government. The specific content is to select a district and county near Shanghai, carry out comprehensive construction, and build a large number of low-rent houses and low-cost houses, so as to completely impact the entire Shanghai property market. We, Feilong Group, are responsible for the planning, construction, and improvement of transportation and other supporting facilities for the entire satellite city. The entire project took 25 years and involved trillions of dollars, making it a truly mega project. Once completed, a satellite city will be built next to Shanghai that can accommodate more than a million people and will be used exclusively for residential purposes. At that time, the subway and highway will be opened to the satellite city, from the satellite city to the downtown area of Shanghai, the fastest only 18 minutes, faster than Pudong. ”

"Is this plan approved?"

"If it hadn't been approved, we wouldn't have been in so much trouble...... We have reached a preliminary agreement with the central government. It should be said that reaching this agreement can ensure the development of our Feilong Group in the next 30 years. However, the old man directly discussed this matter with the central authorities, which made some officials in Shanghai very dissatisfied, and this is one of the reasons why we are so passive now. ”

"Ling Yuanshan must have talked to his father about the plan to cooperate with the satellite city, right?"

"Of course, such a piece of fat, of course he wants to share a piece. But what he didn't expect was that the old man had been friends with him for twenty years, but this piece of meat didn't want him to touch a little, so he completely rejected him. ”

"Then, Ling Yuanshan wants to use these means to force his father to compromise?"

"That's right, he called the old man last night and said he could help. But...... Guess what the old man answered? ”

"Even if I, Long Zhiyuan, go bankrupt, I will never be at the mercy of others."

"Exactly." Long Tianxiang smiled bitterly again, "The old man is serious this time. ”

"If it's a stranger, Dad may really bow his head, but if it's an acquaintance, the possibility of compromise is zero. What he hated most in his life was a friend stabbing him in the back...... How much cash do we have now? ”

"It's less than 400 million."

"How big is the funding gap?"

"Almost four billion."

"Do you have any solution?"

"I'm thinking about it, there are many ways, but none of them are certain."

"How much time do we have?"

"December 1st is our biggest account period, if we can't solve the financial problem before then, then we can only pray that Ling Yuanshan will change his mind."

"What if he doesn't change his mind?"

"That's all there ...... Bankrupt. ”

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