Chapter 549: The Crisis of the Honeycott Family

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"What's going on, Honeycott wants to borrow a sum of money?" Bao Feiyang asked in surprise when he saw Tang Yongwen. What surprised him was not that Honeycote wanted to borrow money, but that they actually asked the Tang family to borrow money, you must know that they just had a fierce conflict not long ago, although they finally reached a deal, but the grievances between the two sides are not so easy to eliminate, especially when Honeycott Jr. is still being sued.

Tang Yongwen put a stack of materials in front of Bao Feiyang: "I learned that in order to eat our Tang family's industry, the old Honeycote borrowed a large amount of money from the bank, and then they used the property they acquired in Mexico as collateral, and took out bank loans in the United States and Mexico, intending to participate in the auction of Mexican oil and gas resources." ā€

"The situation now is that the peso has depreciated by almost half, and the value of this collateral is no longer enough to cover the amount of their loan in the bank, so the bank asks them to replenish the collateral, or repay it early, especially for American companies, and they are in a hurry. The money that Honeycot Sr. borrowed from the bank, part of it was traded to us, and part of it was invested in the financial market, and this part of it lost a lot, and the rest was exchanged for pesos, and it is difficult to exchange it for dollars in the current market, and even if it is converted into dollars, it will have to bear huge losses, and it will shrink by more than half. ā€

"If Honeycott Sr. is unable to repay these loans, the bank will file a lawsuit asking the court to liquidate the assets of the Honeycott family Sr., including the Honeycot family's holdings of American Resources, as well as various financial assets held in his name, or even liquidate the liquidation."

Bao Feiyang roughly understood the ins and outs of the matter from Tang Yongwen's mouth, and the stack of materials in his hand can also reflect the current embarrassment of the Honeycott family. It can be said that they have been mired in the quagmire of Mexico, and this qiē cannot be said to have nothing to do with Bao Feiyang and the Tang family, it is their design that allows the Honeycott family's assets to transfer to Mexico and plunge into the pit.

Of course, the original intention of Bao Feiyang and the Tang family was not to frame the Honeycott family, but the old Honeycott himself posted it to target the Tang family, so the Tang family pushed the boat and exchanged the assets for dollars.

Perhaps Bao Feiyang had some expectations of the consequences of doing so. But what he didn't expect was after completing the acquisition of the Tang family's assets. Honeycote Sr. continued to take out loans, and in dollars, and then threw himself into the Mexican financial markets for speculation, which failed. Plus the depreciation of the peso. The Honeycot family's assets have shrunk dramatically. Caught in a situation where it may be liquidated and bankrupt at any time.

"But why did they find the Tang family? Can't you borrow money from somewhere else? Bao Feiyang still thinks this matter is a little strange, old Honeycott is sick and rushed to the doctor!

Tang Yongwen smiled bitterly: "Old Honeycott has no other way, and this matter has something to do with you." You asked Pizarro to sue Honeycott Jr., and now many people know that the Honeycott family is involved in a case related to discrimination against Jews, which may not be a big deal in normal times, but Honeycot Sr. handled it decisively and eliminated the impact of this incident on the family as much as possible. But now that the Honeycott family is in trouble, the impact of this incident has undoubtedly been magnified, and no one is willing to stand up for the help that might normally be received......

Hearing Tang Yongwen's words, Bao Feiyang was silent for a moment, and couldn't help but say with emotion: "It's easy to add icing on the cake, but it's not surprising that it's difficult to send charcoal in the snow, but he's looking for your Tang family, I'm afraid he's also looking for the wrong person, right?" ā€

Tang Yongwen smiled: "Yes, I also think it's incredible, maybe he thinks that our Tang family has more cash in their hands, but in their current situation, who dares to lend them money?" I'm afraid I will lose all my money! ā€

Bao Feiyang nodded, in fact, he couldn't simply complain that the previous partners of the Honeycourt family were unwilling to help, but the hole they poked out this time was a bit big, and the ship of the Honeycot family was about to sink, and they couldn't expect others to climb on the boat and bury them with them.

"So Uncle Tang means to reject them?" Bao Feiyang asked.

Tang Yongwen smiled: "Of course it is impossible to borrow, we want to make intercera fans netbsp; "Uncle Tang is calculating." Bao Feiyang said with a smile, the Honeycote family was to acquire Intercera Mi C company, and finally reached an acquisition agreement with the Tang family, the purchase price was not high, and the proviso was to help the Tang family realize the dollarization of assets, and the Honeycot family also realized a large entry to Mexico in the process.

But at that time, the old Honeycot never dreamed that in less than a month, the situation in Mexico would change dramatically, causing their assets to enter Mexico to shrink significantly, but the Tang family survived this crisis safely, not only unharmed, but also holding a large amount of dollars and sitting firmly in the Diaoyutai.

Now the Tang family wants to take back Intercera Fan C Company, even if it is repurchased at the original price, the Honeycote family is also miserable.

Tang Yongwen said with a smile: "You can't say that, we are sending charcoal in the snow, with this money, the Honeycote family may be able to get through this hurdle, if not, they will really lose their money." ā€

Bao Feiyang thought for a while and said, "It's okay, but I think your appetite is too small, since old Honeycot can't hold on anymore, why can't we help people to the end and take Tucker oil together?" ā€

Tucker Oil is also the abbreviation of Resources of the Americas, of course, there are other investments under Resources of the Americas, but the oil companies are the main body of Resources of the Americas.

Tang Yongwen couldn't help but be stunned when he heard this: "Feiyang, you are really ruthless, Tucker Oil is the lifeblood of the Honeycote family, I'm afraid they won't let go so easily, right?" ā€

Bao Feiyang shook his head: "That's not necessarily, you underestimate the Honey Cote family, Tucker Oil has been established for less than ten years, although the Honey Cote family has concentrated most of its resources on Tuck Oil, but they still have a lot of investment in other fields, this time they are in crisis, if they can't solve this crisis, they will face a comprehensive bankruptcy liquidation, at that time, the old Honeycot will not only not be able to keep Tucker Oil, but even become impoverished and lose all his property, what do you say he will choose?" ā€

"If only I ......"

Tang Yongwen said thoughtfully, but quickly came to his senses, and hurriedly snorted a few times: "I won't encounter such a situation, if I were him, no, no, no, I mean that if I am asked to think about him, then I can only survive with a broken arm, as long as I can survive, then there is still a chance." ā€

Tang Yongwen also has a deep understanding of this, and when they had to give up Intercera Fan C Company some time ago, they also had a fundamental feeling of losing their roots. But now it seems that if I hadn't given up decisively at that time, I am afraid that the current situation would have been very bad.

Thinking of this, Tang Yongwen couldn't help but glance at Bao Feiyang gratefully: "Feiyang, are you interested in Tucker Oil?" ā€

Bao Feiyang nodded: "Yes, the old Honeycote is actually quite discerning, he sees the importance of the future energy industry, don't look at the scale of Tucker oil, but it has laid a good foundation, in a few years, the world energy crisis will further intensify, and energy companies will have a place to play." ā€

"Hehe, you're honest and don't hide it at all." Tang Yongwen said.

Bao Feiyang smiled: "What do I have to keep with Uncle Yongwen?" I'll build yƬ Let's take Tucker oil together. ā€

Tang Yongwen pondered slightly, and quickly nodded: "Okay, I don't think there is any problem with this matter, Tucker oil is indeed a high-quality resource, but the difficulty may be greater than intercera, you have to be mentally prepared for this." ā€

Bao Feiyang said: "No problem, but I think we can wait a little longer and make a move at the last moment, I think Honeycote Sr. has no other choice, and will still agree." ā€

Tang Yongwen smiled: "Aren't you worried about being taken first?" ā€

Bao Feiyang said: "I don't think those people will be merciful to old Honeycot at this time, who else can give more favorable conditions?" Our conditions can be slightly more reasonable, anyway, it's still old Honeycot's money! ā€

Bao Feiyang and Tang Yongwen glanced at each other and immediately laughed together. Tang Mi'er, who was chatting in the living room outside, frowned, pouted and said, "Hmph, the two old foxes must be thinking about some bad idea to hurt people again." ā€

Bao Feiyang had already booked a ticket to return to China, but because of this temporary change, he had to refund the ticket and change his original plan, and he continued to take a week off on the grounds that the Tang family had promised to invest in Northwest Province and that there were still some things to be finalized.

Hearing the news, Xiong Junqiang, director of the Northwest Provincial Environmental Protection Department, immediately instructed him not to rush back, and did not need to ask for leave for a week or two weeks, because this was official business.

Subsequently, Xiong Junqiang hurriedly reported the news to Secretary Long Lingui of the Provincial Party Committee, not that he was in a hurry to show his merits, but that Long Lingui had asked several times in order to let Bao Feiyang go to work in the Physical Reform Commission, Xiong Junqiang had no way to explain, and now there is such a thing, of course, he must report it immediately.

"Hey, this Bao Feiyang still has such an ability? The Tang family, who has been unable to do the work of the provincial party committee, was moved by him, and really wants to return to China and invest in our northwest province? Long Lingui was also very surprised when he heard the news, he had always felt that Bao Feiyang was excellent, willing to use his brains at work, and would do things, but he didn't expect that he still had a set in terms of attracting investment.

Long Lingui immediately asked Xiong Junqiang to contact Bao Feiyang, and praised him fiercely on the phone: "Feiyang, you have to do this matter seriously, you must do it well, if you have any requirements, if you can succeed, the provincial party committee will definitely make a great contribution for you, as long as you can invite the old man of the Tang family to come back and take a look, it will be considered your merit." ā€

With the current relationship between Bao Feiyang and the Tang family, especially the friendship with Tang Yongwen like a comrade-in-arms, letting the Tang family return to China to invest is just a matter of one sentence, but they have not yet decided on a good project, so it is not easy to tell the province now.

Bao Feiyang only gave a general introduction to the situation, and promised that the Tang family would invest in the northwest: "Please rest assured that Secretary Long will definitely complete the task." (To be continued!)