Chapter 704: Chen Baixiang Survives the Crisis
Wang Zichuan went to the company to know that Chen Baixiang was 'raided' by his own bank, so oolong was really beyond his expectations, he didn't care about anything else, the authorization letter of 5% of the shares of the Great Wall Media Group belonging to Chen Baixiang was placed in front of him.
Chen Baixiang's face was calm, holding the resignation report in his hand, Wang Jin's face was expressionless, looking at the share authorization transfer agreement on the table, when Chen Baixiang went bankrupt, he thought of it immediately, but Chen Baixiang was thoughtful and did not allow him to get involved.
Wang Zichuan sighed: "Lak, what do you mean by this? I'll only be away for a few days, and you'll be like this! ā
Chen Baixiang smiled helplessly and laughed at himself: "When the investment period was indicated, I didn't expect so much, and I didn't expect to go bankrupt, anyway, I already have experience, and after five years, start all over again!" ā
Wang Zichuan was silent, the so-called bankruptcy is not that he owes money and does not have to pay it back, otherwise how could Wang Jin lend money to Chen Baixiang, in principle, the bankrupt's debts must be amortized by his assets and income, and the bankrupt must hand over all his assets, including overseas and local assets, to the trustee immediately after the court issues a bankruptcy order.
Chan is also required to inform the trustee of his income, and the trustee will distribute the balance of Chan's assets and income to the creditors to pay off the debts after considering the reasonable needs of the bankrupt and his family.
Bankruptcy has a cost and all expenses cannot be covered by the bankrupt's assets and income, as is the taxi, which should not be taken unless there is a good reason, and the bankrupt will be automatically discharged after 4 years from the date of the bankruptcy order if he has never been adjudicated bankrupt before and is able to comply with the terms and conditions of the Bankruptcy Ordinance, and if neither creditors nor the trustee object.
It's a pity that Chen Baixiang went bankrupt once when he invested in a garment factory, so Chen Baixiang's relevant deadline is 5 years, and he has to pretend to be very poor and wear very bad clothes during the debt repayment period, otherwise he will be reported. The court will extend the bankruptcy order.
Wang Jin patted Chen Baixiang on the shoulder and comforted: "Ah Lak, you can pay off my debts slowly, I believe in your character." ā
"I'm not going to say thank you." Chen Baixiang rolled his eyes, and said that he didn't have to pay it back when they drank together yesterday.
Wang Jin saw that Wang Zichuan's face suddenly became gloomy, and immediately felt that he was suspected of falling into a well just now, and wanted to explain a few words, but he was afraid that the more he described, the darker he would be, shaking his fat head, and said embarrassedly: "No need." ā
Wang Zichuan frowned and said, "Lak." How much do you really owe? ā
Chen Baixiang had a bitter face, and repeated the arrears that he had thought about countless times in his heart: "There are tens of millions of arrears on Ah Jin's side alone, as well as more than 120 million in the bank, and my wife borrowed more than 5 million outside, and there are a lot of scattered ones, adding up to about 170 million, which is enough to repay for a lifetime." ā
After finishing speaking, Chen Baixiang's face was hot, and a few days ago he was still betting on horses at Sha Tin Racecourse. I feel good, I'm an upper-class person, I don't have a horse under my name, and I don't know how many people I envy. Now that his net worth has suddenly become negative equity, the villa he just bought for a few months has been copied, and he doesn't dare to jump off the building if he wants to, for fear of leaving his wife Huang Xingxiu alone to bear the hardships.
Wang Jin comforted: "I can earn it in a year with Ah Chuan!" ā
Chen Baixiang's eyes lit up. Holding back his excitement, he deliberately sighed: "It's a pity that your sister-in-law married such an ugly man as me." Just let her live a good life for a few months, and was beaten back to her original shape. ā
Wang Zichuan nodded silently, Huang Xingxiu is known as the wireless Hua Dan, and she was more popular than Zhao Yuzhi in her heyday, and when she announced that she was married to Chen Baixiang, I don't know how many men were secretly sad, and they wished that their parents would make themselves ugly.
"Lak, it's not that I don't help you, if a person makes a mistake, he must be responsible for his own mistakes......"
"Achuan!" Wang Jin was shocked and angry, he thought that Chen Baixiang could escape, he used to fight with Chen Baixiang often, that is nonsense and healthy competition, but in private he is a good friend who talks about everything, otherwise Chen Baixiang would not appear in his film.
Chen Baixiang's eyes were gloomy, stopping Wang Jin from going crazy, and said indifferently: "Ah Jin don't say it, Ah Chuan is right, if you make a mistake, you have to bear the consequences, otherwise I will take this road in the future, my gambling is too heavy, my wife often persuades me, but I haven't listened to it once, now I think about it, I regret it, I love her so much, I don't even go into her words, I deserve it!" ā
Wang Jin blinked, he felt that Chen Baixiang had changed a lot, right! It is indeed a change, standing in front of a person, I feel that he is steady, down-to-earth, and his eyes are sincere, but Chen Baixiang did not have this kind of momentum in the past.
"Very good, with your words, I am relieved!" Wang Zichuan laughed and said with relief: "Ah Lak, I am very happy that you said this, I will help you repay your debts!" ā
"This ...... Ah Chuan, what are you...... Ready to help me? Chen Baixiang spoke incoherently, grabbing Wang Zichuan's shoulders with both hands, as if he had grasped the last straw, and the momentum just now was gone.
Wang Zichuan said lightly: "Don't get me wrong, I help you pay off your debts doesn't mean that you don't have to repay my money, and Ah Jin's money, I just don't want you to be bound by the bankruptcy order." ā
Chen Baixiang said excitedly: "I know, thank you Ah Chuan, I have experienced bankruptcy once, I really don't want Ah Xiu to suffer this kind of torture, don't worry, I will definitely pay back the money I owe." ā
Wang Jin smiled: "That's right, I'll just say, as an entrepreneurial brother, how can Ah Chuan ignore you, Ah Lak, you must not block it again in the future...... Don't make it so big, like me, and make small bets. ā
"You still have a small bet, who lost 10 million at the Lisboa Hotel last month!" Wang Zichuan stared at the triumphant little fat man angrily, this kid is not a small gambler, he is a little clever, he wins most less, last month, he finally hit the iron plate and lost more than 10 million in one night.
Wang Jin was shocked, looked left and right, and hurriedly begged: "Don't let my father know, otherwise he will break my leg." ā
Wang Zichuan snorted coldly, signed a check to Chen Baixiang, and explained: "The money on this is enough for you to repay your debts, and you just said that if you are wrong, you will bear the consequences, in view of your unhealthy influence, I have decided to remove you from the position of vice chairman of the board of directors of the Great Wall Media Group, and you should not do it as the executive president." ā
Chen Baixiang nodded in response, since he was removed from the board of directors, his 5% stake should not be returned.
Wang Jin said tentatively: "Ah Chuan, you don't want Ah Lat to fend for himself, he still owes us so much money, it's too cheap for him to do this, at least he has to wait for him to pay back the money, and then let him roll up and get out!" ā
Dead fatty! Chen Baixiang felt like crying in his heart, what Wang Jin said was called sarcasm, but it was actually to help him, leaving Tengfei Entertainment, he really didn't know where to go.
"I don't need you to remind you!" Wang Zichuan glanced at Wang Jin and said to Chen Baixiang: "You are still responsible for the cinema line, as long as the cinema line is not chaotic, I will not interfere with what you do the rest of the time." ā
This is also providential! Wang Zichuan secretly thought that if Chen Baixiang continued to serve as the vice president of Tengfei Entertainment, he would not put down his body to make movies, and now he is poor, and he can't make movies.
Wang Jin took the opportunity to mention yƬ and said: "I heard that the company is preparing to shoot "Tang Bohu Dots Autumn Fragrance", can you arrange a role for Ah Lak, yesterday I looked for Li Lizhi, that kid has a tendon, admits death, you have to agree to it, Ah Chuan, what do you think?" I can't guarantee anything else, Alak's acting skills are first-class, and I can't compare to him with the three. ā
"Ah Jin, it's rare for you to be humble once." Wang Zichuan smiled and nodded, "This request...... Of course I said yes. ā
Counting the numbers on the check, Chen Baixiang's whole body was completely relaxed, this result exceeded his expectations, not only escaped the bankruptcy order of the court, but also continued to stay in Tengfei Entertainment, giving you a few years, relying on the big tree of Tengfei Entertainment, you can make a comeback.
After solving the bankruptcy of Chen Baixiang, the relationship between the three is obviously much closer, especially Wang Jin, who always felt that there was a layer of separation from Wang Zichuan in the past, especially when he set up his own film company halfway, looking at Wang Zichuan's eyes, he always felt that his heart was empty, and now the diaphragm has completely disappeared, this is a real friend, and he shares honor and disgrace.
After talking about private matters, Wang Zichuan called He Qin in and said with a smile: "During my absence, the company has nothing to do, right?" ā
"There's a big deal!" Wang Jin wiped his mouth and said enviously: ""Truant Dragon" broke the box office record of "Let the Bullets Fly" in the same period, the box office of this film is too violent, it is only a summer file, it was released for 20 days, and the box office is more than 55 million!" When "Let the Bullets Fly" was released for 20 days, the box office was only in the early 50 million! ā
Wang Zichuan asked, "How is the attendance rate on the theater line now?" ā
Chen Baixiang said: "The attendance rate is maintained at 80%, but the video tapes are selling very well, Ah Chuan, according to your orders, the video tapes are only sold in the mainland, and there is no supply in the Hong Kong market." ā
Now that most of Hong Kong's territory is occupied by Hung Hing Society, who dares to pirate the discs of Tengfei Entertainment, even Xin Ngee An has stopped making small moves and put on a posture of submission.
Wang Zichuan had a flash of inspiration and said with a smile: "Speaking of videotapes, one thing comes to mind, I went to the United States this time and heard a news that the disc was being studied there. ā
Wang Jin laughed and said, "Discs? What is there to study here, I have a lot of it at home! ā
Wang Zichuan said mysteriously: "The disc that can show the movie, so the disc is very convenient, after the invention of the disc, it has a great impact on the movie, everyone wants to watch the movie, they are willing to rent the disc, as many people as you want, you can watch it a few times." ā
Wang Jin was shocked: "Then wouldn't we suffer a lot?" ā
Chen Baixiang echoed: "We must think of a way, the box office of our Tengfei Entertainment's films is very high, a big factor is that no one pirates, the theater attendance rate is much higher than that of Golden Harvest Cinema, if this kind of disc is really invented, the consequences are unimaginable." ā
The cost of discs is much lower than that of videotapes, and if the projector is the same, ordinary people can afford it, and everyone watches movies at home, who will pay to go to the cinema. (To be continued......)
PS: Thank you for not being too drunk and rewarding 1000 coins~!
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The New Year is coming, 5,000 people are greeting everyone, I don't know how many people can see the blessings of 5,000! I wish you all good health and good luck in the new year!!