Chapter 107: Debts of up to five billion

In Hao Shen's fear, packets of documents were taken out - Hao Shen counted them four times, a total of eleven packets of documents, each of which was nearly two centimeters thick and no less than 100 pages.

At the top of each package, all of them are IOUs, pledge agreements, IOUs, and assignment clauses.

Even if he didn't open it, Hao Shen could imagine how many of these debt certificates should be in such a large number of document packages.

Hao Shen's feet were soft, and he sat on the ground with his buttocks, his little face was pale and pale. After being stunned for a while, the first thing he did was to drag Sun Xin, "Old ...... Old Sun, where are you smoking? ”

"You're scared of a fart! Isn't it just a pile of debts, all ten years have passed, even if these debts are true, those who should have defaulted have already defaulted, and the litigation period has passed! Sun Xin's hands also trembled a little.

When the Hao family went bankrupt, Sun Xin also heard about it, but Sun Xin's father was present - as soon as the funeral of Hao Shen's parents was completed, countless businessmen, entrepreneurs, and bankers blocked the door of the Hao family to ask for accounts. At that time, the Hao family was much richer than the Sun family, and it was emptied in two months. Sun Xin didn't know how many debts the Hao family had handled back then, but looking at the scene in front of him, he should be able to imagine a trace of outline.

This big bag of debt certificates is more than Sun Xin has seen his father sign more contracts!

And......

Although Sun Xin is usually a little homely, he is quicker than Hao Shen, and he soon realized that it may not be what he and Hao Shen thought: the debts of the Hao family have been basically paid off back then, even if there is a slight difference, there are some good people like Sun Xin's father who have been exempted, which means that the Hao family should have no foreign debts now. The Hao family brothers and sisters have been dependent on each other for ten years in Jingnan City, and nothing has happened to each other, which is the best proof. Besides, even if there is still a foreign debt, it is impossible to have so much - the number of these debt certificates in front of me is indeed exaggerated, not to mention now, even the Hao family back then may not be able to afford it, unless these debts are small......

Sun Xin patted his face, calmed down, and suddenly his mind flashed, and he thought of something.

In a heart-to-heart conversation with my father (before Sun Xin entered the house, he had questions about his relationship with Hao Shen, before Sun Xin went to university), his father seemed to have raised a question. At the beginning, the Hao family was second to none in the country, even if there were a lot of debts, they would not be carved up to nothing so quickly, if some asymmetric repayments due to hard mortgages and confiscation were removed, the Hao family should be more than that. So where did the Hao family's assets go? Could it be that Hao Shen's parents exaggerated the scale of the Hao family's assets and carried out financial fraud?

At that time, many people had this question, but none of them understood it.

But now, Sun Xin suddenly thought of a key point: what is the most critical thing in the business field between large consortia and large groups?

It's not business cooperation, it's not integrity, it's not mutual assistance and complementarity, but two simple words - borrowing!

Doing business is indeed based on integrity, but businessmen will always be profitable, it is impossible to listen to you talk about integrity and work with you, what they need is a strong guarantee, which is generally built on the bridge of borrowing.

Borrowing and borrowing, borrowing and borrowing, you demolish mine, I borrow yours.

If those creditors came to the Hao family to collect debts and collect the money owed by the Hao family as a borrower, then what about the part of the Hao family as a creditor?

“…… Hao Shen, you calm down first, I think we may have found something very remarkable......" Sun Xin swallowed his saliva, and then looked at Hao Shen with some trembling, "Open it up first and take a look!" ”

Hao Shen looked at Sun Xin with a pale face, clenched his fists, and nodded vigorously, "Okay, open it first and then talk about it, anyway...... The litigation period has passed ......"

Sun Xin smiled dumbly, and said in his heart, don't use this to comfort yourself, otherwise it will be as I expected, and you will have to hate the three words of the lawsuit......

The document bag is tightly wrapped in a plastic bag, and the outermost layer is easy to open because of the aging of the plastic, but the inside is difficult to open because of a lot of tape. But Hao Shen and Sun Xin were cautious, peeling off layer by layer, and finally took out all the vouchers in a document bag.

These documents are messy, with completely different paper and format specifications, some on A4 printed forms, some on manuscript paper and white paper, and some even directly torn off pieces of paper from somewhere. All the pieces of paper are stacked thickly and placed in the hand, giving the illusion of weighing more than a thousand pounds.

Sun Xin took a slight breath and gently picked up the first one.

"IOUs...... I, Wang XX, the general manager of XX company, now borrow 5 million yuan from Hao Jianguo for XXX reasons, capitalized Wu Baiwanyuan. Interest on the loan was repaid on 17 May 2006 at 2 cents per annum......"

"IOU, I, Li X, a legal person of XX Co., Ltd., borrowed 20 million yuan from Hao's Group with an annual interest of XXX, and repaid it in 2005 ......"

"Five million ...... A million ...... 50 million ...... Four million ......"

Sun Xin slowly put down the IOU in his hand, turned his head dementedly, and looked at Hao Shen.

Hao Shen was also looking at the document in another bag at the moment, which was a land pledge contract. Roughly speaking, a certain company and Hao Shen's father agreed to mortgage the right to use a certain piece of land for ten years with the company's dry shares, and the company will pay you all the compensation within the time limit.

All of them!

Hao Shen also slowly put down the documents in his hand, turned his head to look at Sun Xin, and was speechless.

It's really surprising, so many IOUs and vouchers, this inconspicuous small box that has been lying in Hao Shen's house for ten years is almost all the assets of the Hao family!

Looking at the documents in his hand, and then looking at the ten document bags that had not yet been unpacked, Hao Shen suddenly felt like crying.

"Wait, don't cry!" Sun Xin stretched out his hand to stop him, wiping the sweat from his head, "Go through it first, you give me a confirmation one by one, let's check the authenticity on the Internet first!" These companies, these plots, all of this, and then sort out a big number out! ”

"Yes, yes, you're right!" Hao Shen nodded, and he bit the tip of his tongue hard to sober himself up.

- This wealth falling from the sky is so great that it is really difficult to keep people awake. The reason why Hao Shen was able to come back to his senses was because his recent experience seemed to have skyrocketed, and on the other hand, it seemed that the special litigation period had passed? So how many of these IOUs are still valid?

It's like a person who has been hungry for a long time and suddenly gets a basket of bread, but the shelf life of the bread has long since passed for many years - happy wants to die, sad wants to! This is Hao Shen's intuitive feeling now!

Soon, in the cooperation between Hao Shen and Sun Xin, they quickly determined one thing: these documents and vouchers should be true. Most of the companies involved in IOUs and vouchers can be found online, including some well-known group of companies. But there are a lot less verifiable characters involved, after all, some of them are not the focus of attention on the Internet, but there are also some that can be confirmed. These can be found in the business world of names and surnames. There are even several names, and Sun Xin knows who it is just by looking at it...... Nonsense, it's been a financial headline all over the world, can you not know.

After confirming the authenticity, Hao Shen and Sun Xin began to count and estimate these IOUs and vouchers. It was almost nine o'clock in the evening, when it was completely dark, and they finally came up with a rough number.

The total amount of all the IOUs involved is 1,693,380,070 yuan.

There are also many of the borrowed amounts that have been exchanged for equity, which cannot be liquidated directly, and can only be calculated after Sun Xin verifies the market value of the companies involved, but the rough estimate should be about 900 million to 1 billion yuan.

The data on the issue of land pledge is even greater, Hao Shen's father lent out a total of nearly 100,000 acres of land, almost 60 square kilometers of land!

What is this concept? It means that Hao Shen's father signed out six pieces of land as big as Jingnan City! Although more than half of this is non-commercial and non-industrial land, it is surprising enough.

The estimated amount of all land is more than 2 billion RMB!

In the end, the result they came to was that the Hao family had a total of nearly 5 billion yuan of debts that year!

Now, all the certificates of these debts are in Hao Shen's hands!