On the way back to Jiangcheng, Huang Ligong kept calling Niu Zhaoxu. Turn off your phone.

Ominous signal. Zhang Wenfeng's worries may have come true. Since meeting Niu Zhaoxu, Huang Ligong has never encountered his mobile phone turned off. Niu Zhaoxu has always been quick and crisp in answering the phone, even if he is in the conference room or at a dinner, he will connect first and whisper to contact later. Shutdowns or loss of contact are unprecedented.

In the three days since he returned to Jiangcheng, Huang Ligong made dozens of phone calls. There was no news. Huang Ligong began to check the air ticket, planning to fly to Shanghai and go to Leyang Industrial Company to see what was going on. After buying the ticket and not going to the airport, Niu Zhaoxu called back. He spoke in a calm tone, without any misery, saying that he had been holding a closed meeting at the headquarters for the past few days.

"I heard that something happened to Leyang Group?" Huang Ligong asked directly. The more important the thing, the more it needs to be simple and clear.

"Yes." Niu Zhaoxu didn't play sloppy, and simply said neatly.

"What's the problem? Thunderbolt? Huang Ligong asked anxiously, "What will be the impact on us?" ”

"It's really inconvenient to say the details." Niu Zhaoxu said, "There will be an announcement soon, you will know." ”

"Where are you? I'm going to look for you. ”

Niu Zhaoxu sighed lightly, "It's useless to look for me now." I've resigned. ”

Sure enough, two days later, announcements came one after another. Shanghai Clearing House issued two announcements in the evening, Leyang Environmental Protection two bonds due and unpaid, with a total scale of 4.5 billion yuan, and nearly 2.4 billion yuan should be redeemed this time. Immediately afterwards, Leyang Industry issued an announcement that Niu Zhaoxu, chairman of the company, resigned for personal reasons. The two companies were suspended the next day.

Media reports are overwhelming, and this explosion is only the tip of the iceberg of Leyang Group's debt crisis. The shares of the three listed companies held by Leyang Group have been pledged in large proportions, of which the cumulative number of pledged Leyang Industries accounts for 95% of its shareholdings; The cumulative pledge of Leyang New Materials accounts for 99.85% of its shareholding, and the number of pledged shares of Leyang Environmental Protection accounts for 97.48% of its shareholding.

Several suppliers in the industrial park came to Huang Ligong, "Mr. Huang, something happened to Leyang Industry, do you know?" ”

"Yes. But it doesn't have much to do with us. "Huang Ligong is categorical. Ruili Technology has not been affected at present, everything is in order, production and sales are made according to orders, and the cash flow is abundant.

"Aren't we Leyang Group Holdings?" Suppliers are not relieved.

"We are controlled by Leyang Industries." Huang Ligong tried his best to be calm, "To be precise, it is the holding company of a wholly-owned subsidiary of Leyang Industry, which is the grandson company of Leyang Industry, that is, the great-grandson company of Leyang Group." Such a big group, how many subsidiaries, grandchildren and great-grandchildren can't compete with us. Can my grandfather's mistakes affect my business and make money? ”

I see. There is no such thing in the market, the parent company has an accident, and the children and grandchildren are still operating independently. They were skeptical, and they dispersed one by one.

Huang Ligong called Niu Zhaoxu, said that he wanted to meet no matter what, hung up the phone, and flew to Shanghai. The announcement has been issued, Niu Zhaoxu does not need to cover up, and asked Huang Ligong to be near his residence, in a teahouse in Zhabei Park. On weekdays, there are few people in the teahouse. Niu Zhaoxu asked for a small private room and asked the tea master to leave, and he made the tea himself. In the past ten days of leisure, he practiced the craft of making tea at home, and he gained a lot.

"What is the situation of Leyang Group's thunderstorm this time?"

"Drink it while it's hot." Niu Zhaoxu poured tea into Huang Ligong's small teacup, poured it for himself, took a sip, and said, "The problem is still Leyang Environmental Protection." ”

"I read media reports that the chairman of Leyang Environmental Protection has no interest in the company's business, the net profit has fallen sharply, and the team has left on a large scale."

"What's the matter?" Niu Zhaoxu finished drinking the tea and said in a low voice, "According to the internal audit of Leyang Group, Leyang Environmental Protection has suffered a huge loss of more than 22 billion yuan, and more than 40 billion yuan of funds have been misappropriated for other purposes. The bank accounts are empty, evaporating out of thin air. ”

"So much money, where does it go?!"

"Who knows?" Niu Zhaoxu said, "You see the thunder like this, have you heard anything from the chairman of Leyang Environmental Protection?" ”

Huang Ligong shook his head. The world seemed more and more beyond his comprehension.

"Leyang Group is a typical family business, and those who are related to the boss by blood are all officials and half-officials in the Leyang department. A parent company, three listed companies, and more than a dozen unlisted affiliated companies have very complicated and chaotic property rights, creditor's rights, and capital exchanges. ”

Huge funds that don't belong to you, combined with complex and opaque channels, can almost only lead to one outcome.

"Mr. Niu, it was Leyang Group that broke the thunder, and it was Leyang Environmental Protection that defaulted on its debts, you are Leyang Industry, why do you want to resign?" Huang Ligong asked the biggest question in his mind.

Niu Zhaoxu made a new brew of tea and said, "Do you really think I'm resigning?" ”

"Isn't it?"

"They let me go. Impatient. Niu Zhaoxu said flatly, "Of course, it is a resignation to the outside world." Don't believe it in the news, there is a mouth on the face, and a wound on the inside. There are few executives who leave their jobs to tear their faces apart. It is a good thing for both parties to be able to meet each other, whether it is a group or a professional manager, they have to mix in this market. ”

"Then shouldn't I let you go? Leyang industrial market performance is the best, but also the most potential, to rescue the crisis, shouldn't it be more should be kept......" Huang Ligong even more puzzled.

Niu Zhaoxu smiled and didn't speak. Huang Ligong was puzzled, and suddenly reacted, and the real reason was inadvertently pointed out. To save the crisis...... What if they don't want to save the crisis? What if they just want to squeeze the last bit of value out before it topples?

But if they didn't think about rescuing the crisis at all, what about Ruili Technology? What will happen? The city gate caught fire, affecting the fish in the pond. Leyang Group has had an accident, and has pledged a large number of shares of Leyang Industry, once the building collapses, it will inevitably affect Leyang Industry, and then Ruili Technology.

"How's the payment going?" Niu Zhaoxu asked.

"The investment money has received 250 million yuan. The loan received 60 million. ”

"Well, for the rest, Leyang Industry will not perform the contract anymore."

Huang Ligong nodded and said, "I have to thank you, be resolute, I'm afraid we won't be able to get this money later." ”

"Many things are unpredictable, we can only control the land in front of us, we can't control the capital, we can't control the boss. To tell the truth, it was the right decision to invest in Ruili Technology at the beginning, and we wanted to promote it and go public through a backdoor listing......" Niu Zhaoxu gently stroked the teacup, thought for a while, and said to Huang Ligong, "Find a way to buy it back." If you can decouple, you should decouple as soon as possible. ”

Under the nest, there are eggs. Huang Ligong understood what Niu Zhaoxu meant. But where did you get such a large sum of money?