As credit card users become more and more overdue, so do the bad debts of major credit card companies.

The once glorious Shunyang credit card company has turned from a sweet potato to a hot potato.

"Everyone now knows how ridiculous the ridiculous advertisements of "Let's Get Rich Together" and "Dad Says, Enjoy Life" are, right?"

"If you remember everything, will these liars still be in the cold country?"

Remembering that Chen Daojun insisted on selling the credit card company at a high price, Jiang Shengyu showed a cynical smile.

"Now, tell me honestly, the credit card crisis, did you realize this situation at the beginning?"

This is not intuition, it is Chen Daojun himself who has seen it, but he definitely can't say that.

"It's a business with increasing debt, and when I sold it, I just felt that it was a difficult task to manage too many companies, and anyway, thanks to that, the bomb in our hands was gone, and it was luck."

After a pause, Chen Daojun rubbed his hands: "Now, I plan to buy it back after the bomb disappears." ”

“？？？”

"A credit card company is like a bank, first lend money, and then charge interest, as long as you are careful to issue cards in the future, this business is still profitable."

In the face of Jiang Shengyu's doubts, Chen Daojun said that the bank will only lend after thoroughly checking the information of each customer who wants to take out a loan, and obtain collateral.

And you don't have to act like a bank.

This is because most loans are less than a month, and the amount is small and the risk is small.

If the customer's credit rating and income are carefully considered when the card is first issued, the risk of loss decreases dramatically.

In that case, why did Chen Daojun give up this kind of business?

"Isn't it easy to get your Shunyang credit card back?"

Jiang Shengyu understood what he meant, and estimated that if the assets were liquidated after the thunderstorm, it would feel feasible to do so.

"There's no need to rush, we can slowly hoard the falling stocks of credit card companies, and there are many ways to be a big creditor when the time comes"

Chen Daojun wants to maximize profits.

But...... It's not that hard.

That day was fast in coming.

Chen Daojun took a group of people to Shunyang Credit Card Company.

"Uncle, I'm sorry for coming uninvited."

"What, what are you doing here?"

Chen Dongji squinted at Daojun.

Of course, Dao Jun Lisuo had to say: "We still have a lot of funds on your side, you have to settle it for me, otherwise it will be difficult for our company to operate."

Cash loans, which were only 48 trillion won in 1999, soared to 268 trillion won by the end of last year.

As soon as the credit card company lowered the credit limit, 3 million people with bad credit poured in.

The economy of the cold country has suffered from arteriosclerosis, and there are not many companies that will shout that there is no problem.

"Every month the insurance premiums received will be halved, and if my uncle doesn't settle the debt, we'll be in big trouble too."

Chen Daojun mentioned BAT's car loan.

Chen Dongji threw out the thick papers on the table, and he trembled like never before.

"Take a look, all the subsidiaries are frozen due to the collapse of the financing plan, you know, it's all about making money, you're different, doing heavy industry, the economy is definitely better than ours."

"Don't mention it"

Chen Dongji wanted to say something, but he wanted to stop talking.

"Anyway, just wait, I don't know if the government will fund it"

"No, there's no government support, that's the price of the card spree."

If the bond is delayed until the end of the maturity date, it can indeed solve the problem, but it is extremely prudent to prepare in advance.

"Then I can't stand it unless the second uncle pays off our debts, and besides, I haven't properly handled the interest on the bonds, which is the limit at present."

Feelings: This kid is here to collect debts.

Chen Dongji made no secret of his embarrassed expression.

Looking at that expression, Chen Daojun was secretly refreshed, but he said lightly.

"Why don't you borrow some money outside?"

"Do-joon, if I have a place to borrow money, do you think I'll tell you I'm sorry, my nephew? Now which bank would dare to lend me money. ”

"No matter how difficult it is, I said it, I can't wait here, don't you have a place where hundreds of billions of won can be easily borrowed?"

Suddenly, Chen Dongji's eyes flashed.

"Where? Is there a place with enough funds? You're not talking about the loan sharks and moneylenders, are you? ”

"No, you still have a place to go, and there's a big one above you."

Chen Daojun raised his finger and nudged it upward.

"Big? Rongji!? ”

Chen Dongji suddenly frowned.

"Yes, doesn't Uncle have a lot of cash-sucking companies, and it is rumored that Shunyang Property has a particularly strong cash flow this year."

Chen Dongji's face suddenly became gloomy, and he frowned:

"Daojun, are you pretending to be innocent now? Or do you want to trouble me? ”

His face was red with anger as if it had been burned with flames.

"Second uncle, now is not the time for sibling disputes, do you know that credit card companies need trillions of funds to flow normally, right? See the government announcement? It is said that the amount of insolvency alone is 90 trillion, you say, how many percent of Shunyang credit card will be insolvent? Personally, I think you have to find a way to deal with him before it gets worse. ”

Chen Dongji's face was still unkind, and he asked angrily: "Are you saying this because you don't know your uncle?" Do you think he will lend me money from the company's reserves? He's the one waiting for me to fall. ”

Chen Daojun reminded him:

"If Shunyang Credit Card can't cross this hurdle, if you don't have money, you're bankrupt."

"So? Will I go bankrupt? ”

Chen Dongji squinted his eyes and took a deep breath.

"If Shunyang Credit Card fails, the core affiliated enterprises such as Shunyang Group Heavy Industry and Construction, which lent money to the card company, will inevitably be shaken, so that you will automatically withdraw from the competition of Shunyang Group, because from the perspective of company operation, you are not as good as Uncle."

Chen Dongji's eyes twitched first.

What he is most afraid of is the second son, who is evaluated as inferior to the eldest son.

The stock price of subsidiaries sometimes rises and sometimes falls, which is all market-oriented behavior.

However, on the day of the stock price crash, he had to face the cold eyes of outside institutional investors and executives.

More risky is the group's overall share price.

"I think clearly enough, the controlling stake in the group is that of two uncles, on the surface, the subsidiary company has been completely separated, but if a person's stock goes to the market, the family's dominance over the group will be weakened."

Chen Daojun reminded the other party that the internal transactions of the family were fine, but as soon as the shares of the three of them went outside, the total share ratio began to change.

"The only way to prevent Shunyang Credit Card from going bankrupt is to sell the shares of core affiliated companies such as Shunyang Heavy Industry and Construction."

"You know I'm not going to sell, right? Similarly, your uncle knows that we will not give up on Shunyang Group for a moment. ”

"Then take other actions and stop losses in time!"

"How?"

"Discontinue cash service."

"Hey!"

What does it mean for a service company to stop service?

Chen Dongji stood up in surprise.

"It doesn't matter because it's temporary, and if Shunyang Credit Card stops serving, the stock price will fall from then on, and it will also cause the share price of the entire group to fall."

Chen Dongji shook his head, expressing his disagreement with this way of disposing.

"As long as this happens twice, everyone will change their minds and give up the stock, and at that time, Shunyang Credit Card may go bankrupt."

The two fell silent.

Chen Daojun waited patiently for the other party's reply.

Suddenly, a faint smile appeared on the corner of Chen Dongji's mouth.

"What do you mean personally?"

"Yes?"

"The stock prices of your financial affiliates will also fall, right? I heard that Shunyang Securities' financial difficulties are getting more and more serious? ”

Chen Dongji's smile became even brighter.

"Well, that's right, but next month, the car's payment will come down...... Ha ha. ”

Chen Dongji's smile disappeared because of Do-joon's hilariousness.

"You guy, come here this time, you have ulterior motives."

"Leave me alone, all you have to do is calmly assess the value of the assets of the affiliated company and sell it at the highest price before the company falls further into the abyss."

Chen Dongji was angry because of Daojun's words.

"You bastard! Do you look down on the company you took over? In difficult times, your grandfather persevered and achieved the current Shunyang Group, if you sell it because of the difficulty, are you still worthy of the name Shunyang? ”

"Times have changed, this is a credit crisis, you should not take it lightly, domestic demand is dead, and there is no sign of recovery, at this time, instead of clinging to the affiliated company that was choked, it is better to clean up the company, and when everything is back to normal, we can buy it back."

"You mean, this company is a shabby little shop! Sell it when it's bad and buy it when it's better? ”

Chen Dongji sighed, although he was angry, but there was no way, people still had to succumb to reality after all.

This is also to blame, in order to expand the scale of operation, his heavy industry and construction companies have expanded disorderly over the years, resulting in a shortage of cash flow.

"It's no different to me, although corporate mergers and acquisitions seem complicated and difficult, but the essence of buying and selling products is the same, all you have to do is sell the company that is difficult to insure, and buy a good company in the future, just change the signboard."

Chen Daojun added this, and Chen Dongji's lips twitched.

"Don't blame me for my choice, if you give us our 800 billion maturing bonds, the company won't have to buy and sell"

The uncle knew that this was his responsibility and obligation, and if he failed to repay the large amount of bonds when they matured, what would happen, he did not speak, and his feelings would be very complicated.

It was clear that he was wondering if Do-joon was serious, or if it was also a threat, and if he didn't pay, Sunyang's financial sector would disappear.

Before he could read more of his thoughts, Dojoon stood up.

It's useless to say more, the pressure is on him, and there is no need to say anything more.

Chen Dongji stared at the vacant seat that Chen Daojun had left and muttered to himself.

"I know what that bastard's purpose is, but I still have to pretend to be confused...... No, do I have to do what he wants............"

He couldn't hide his bitter expression, as if he was being led away by his little nephew, and his face was unhappy.

"From 0:00 today, Shunyang credit card cash advance service has been suspended. This is the second suspension of trading by SK Credit Card, following the temporary suspension of trading of SK Credit Card. ”

Shunyang Credit Card said it would spare no effort to restore service as soon as possible.

However, there is no official announcement from Shunyang Group. ”

The place where the evening TV news is broadcast is the chairman's room of the Shunyang Group, which was empty for a while, but always kept clean.

Neither of Shunyang's two vice presidents can sit in the chairman's seat.

Instead, they sat side by side on the couch and stared at the portrait of their father on the wall for a while.

"What do you want to do now? Can it be resolved as soon as possible based on that message? ”

"Not really."

"Are you going to let the media report like this?

The two did not look at each other, nor did they take their eyes off the portrait of their father.

However, as if this wasn't a big deal, they tried to keep the volume down as much as possible.

If someone who doesn't understand the content sees it, it's like communicating and appreciating the portrait.

"The money for Do-joon and the money to be paid by the credit card company are 1.5 trillion and 400 billion won, so could it be that he already knew that there would be a credit card crash today, so he insisted on selling it to me?"

"You've been chased by your nephew, hehe."

"It's not that I'm in trouble...... I've been playing well for about a year, wouldn't it be too far-fetched to think that Dojoon predicted that this would happen? ”

"I'm just saying that because it's so coincidental."

Chan didn't want to believe it.

"But this is just a coincidence, on the contrary, I need to get 200 billion before the end of today, and only in this way can I start normal service from tomorrow."

"You want to borrow money?"

"I don't want to."

"Shameless ......"

Chen Dongji knew why his brother was so shameless.

Today, with the suspension of Shunyang Credit Card's cash advance business, the stock prices of all Shunyang's affiliates fell.

It also means that the distrust of shareholders has begun to spread even the towering Shunyang.

Doubt consumes everything.

"If I don't borrow, will the shares of Shunyang Credit Card become plastic paper?"

"It's going to be much more serious, and it's only a matter of time before it goes bankrupt."

"It's not hard, I have the money."

Chan turned his head and looked at his brother's face.

"The best thing you can do is fold and throw away a company that is in debt is okay but the problem is . You need to take the remaining Shunyang Heavy Industries and construction shares as pledges. ”

"What do you mean?"

"He said that if he does not repay the 800 billion won from Sunyang Securities, he will sell all the shares."

"What? Sell all your stocks? ”

Chen Rongji began to look at his brother's face at this time.

"He's crazy, he's done it all!"

"He's not crazy, he's the smartest guy in our family, you know I know this threat works for us"

Chen Rongji hurriedly turned his head and calculated.

He estimates that Dojoon has at least 33% of the equity if sold out in an instant.

Soon after, he became the second largest shareholder of Shunyang Group.

If you get a stake that has been suppressed to a low price, you may swallow up Shunyang day by day.

Chen Rongji glared at Dongji and bit his lip.

Whether it's Chen Daojun or Chen Dongji.

Whoever it comes from, this is an intolerable threat.

However, Chan is too proud to succumb to the threat.

"I'll lend you 1.5 trillion won, and according to what you said, go to Do-joon with 1.5 trillion won, and he'll throw out stocks in heavy industry and construction, right, it's none of my business if Sunyang Credit Card goes bankrupt or not...... However, a stock sale and purchase agreement is signed. ”

Hearing Chen Rongji's words, Chen Dongji's eyebrows trembled.

It was an unexpected counterattack.

Chen Dongji had nothing to say.

"It's been a long time since I've seen you so embarrassed, looking at you, are you sure you're making the right choice?"

Seeing his younger brother so embarrassed, Chen Rongji, who came back to his senses, also smiled.

"Don't think that only Dojoon will sell all his shares, I can sell all my shares in the group."

"Poof, are you selling stocks?"

Chen Rongji raised his hand and smiled at the portrait.

"The chair under the portrait, are you willing to give up that one?"

"If you feel like you can't hold on, then give up."

"There are some things you don't know, if I sell all my shares, then no one can sit on the chairmanship of Shunyang Group, and if the control of affiliated companies disappears, Shunyang will go out of business, and the position of chairman will disappear."

It was an explosive remark, but Chan still laughed.

This is because he knows better than anyone that the other party will never abandon Shunyang.

"Did you do that?"

Chen Dongji got up from the sofa.

"You have a good rest in the office, because no one will come into this room again, haha."

Chen Dongji patted Chen Rongji on the back and left the president's room with a smile.

He remembered Chen Daojun's words again.

"I haven't seen you in a long time, what have you been up to lately?"

"I'm sorry, uncle, I need to see you."

"Okay, no more nonsense, sit down."

Looking at Chan Wing-kee's face, I knew that he was not in a good mood.

"Do you know why I'm seeing you? It's a bit serious now. ”

"Isn't it because of the credit card crisis?"

"Obviously said that it could be solved in one day, but now the cash service has been suspended for the third day, and most merchants have refused to use Shunyang credit cards."

"When I sold Shunyang Credit Card, I gave all the shares of the group, Shunyang Credit Card is a completely independent company, even if the credit card company disappears, it will have no impact on the affiliated companies in the heavy industry sector, if you put all the dirty dust on it, and then wash it off when it is completely dirty, how good would it be?"

Chen Rongji listened to Daojun's words and was a little thoughtful.

"At present, the stock price of Shunyang Credit Card is falling every day, as if it will soon become a piece of toilet paper, if it does not go bankrupt and return to normal, wouldn't it be strange?"

For a while, Chen Rongji faintly reflected a touch of doubt.

"Uncle, in fact, my second uncle is also worried about the bankruptcy of Shunyang Credit Card."

"Hmm..."

Chan cleared his throat and quietly changed his mind.

"The shares you gave your second uncle as collateral, and I was trying to buy them...... What do you think? ”

Finally, the fox's tail was revealed.

"I can't decide yet, the end of June will not be the time, and I can repay it in full in two months."

"If it weren't for the money I borrowed, Dongji wouldn't have escaped this crisis."

That's pretty clear.

Chan is not interested in the dark future of Shunyang Credit Card.

He only hoped that this would not tarnish the name of Shunyang, and he wanted Chen Daojun to take over.

And Chen Dongji just wants to get back the stock collateral.

Chen Rongji looked at Daojun expressionlessly and said.

"How much is the deposit?"

"Eight hundred billion."

"Give you twice as much money and sell me those bond stocks."

“？”

(End of chapter)