Gao Yuan smiled briefly, then noticed Jiang Wenmin’s gaze suddenly shift towards him.
Jiang Wenmin, feeling sowhat guilty, avoided the other’s gaze and tried hard to appear shocked and puzzled.
"That shouldn’t be happening. Chairman Lu from the bank has a good relationship with us—we usually get loans issued quickly whenever we have a need.
Why would they suddenly cut off the loan? What’s the reason?"
"They said it’s due to policy changes, so there’s a problem with the approval process that’s under verification. During verification, all new loan applications must be temporarily halted.
They also ntioned our business situation is unclear, and next year’s loan qualifications need to be re-evaluated.
Isn’t this a death sentence? Our cash gap for the second half of the year relies on the bank."
Listening to the finance officer’s explanation, Jiang Wenmin privately thought the influential Xu Group, with its deep roots, really had reach everywhere.
But the act still had to be played out.
"That can’t be possible, no? Alright, arrange a eting with Chairman Lu for . I will go and find out what actually happened."
"I tried, but Chairman Lu simply won’t give us a chance. He’s said he has to travel soon, and his schedule is full.
He was quite polite about it, even saying he would personally visit Chairman Gao to apologize, but he just wouldn’t agree to a eting."
Personally visit to apologize?
A cold sneer crossed Gao Yuan’s mind.
The obvious insinuation was they wanted to personally visit to beg for a loan?
"This... How could this be?" Jiang Wenmin looked confused and turned towards Gao Yuan.
"Chairman Gao, I think there might be so misunderstanding here. I will go to the bank right now and ask Chairman Lu personally!"
Seeing Jiang Wenmin about to leave, Gao Yuan smiled and waved her hand.
"No need. Since they’ve specifically asked for to visit personally, they probably won’t et with you."
"Ah? This..."
Gao Yuan looked at the financial officer, "If the bank stops lending, how big is our funding gap?"
"Currently, the company has debts of about 50 million, with 20 million due soon. The rest are more manageable as they are long-term debts, but the principal and interest amount to a significant sum.
In addition, adding the company’s operating expenses and raw material procurent... to maintain normal operations, we would need at least another 60 to 70 million.
However, if we reduce production costs, we could probably hold on for another quarter."
Gao Yuan thought for a mont and then shook her head. "We cannot reduce production costs!"
Reducing production costs would an further conceding our already shrinking market share; it would be difficult to regain it later and expand production.
It would amount to crippling our capabilities.
Moreover, the company’s morale is already unstable; reducing expenses now might lead others to speculate, which is not conducive to stability.
"What about seeking loans from other banks?" Gao Yuan asked.
"I’ve already arranged for soone to contact other banks. This will take so ti. However... banks we haven’t worked with before may not grant us such a large loan at once.
We don’t have many assets to offer as collateral."
"Good! I understand. You can go out now and try to keep contacting other banks."
"Yes! Chairman Gao." The financial officer said hurriedly and left.
This was indeed one trouble after another.
Gao Yuan fell into deep thought, gently tapping her fingers on the arm of the chair.
With operating capital of sixty to seventy million, and considering losses of more than twenty million, this suddenly added a funding gap of a hundred million...
She did not hold much hope of obtaining loans from other banks.
If it was so easy to get the money, the opponents’ act to cut her loan would be foolish.
Even if I could finally leverage relations to favor a bank deal, the opponents surely had other contingencies. What could they be... a comprehensive financial blockade wasn’t realistic...
Ah! The debacle with the malfunctioning cold storage—if that got out... it would be a fatal blow!
If Changqing Biological suffered a massive unexpected loss, and the breakdown of the financial chain got leaked...
Then not only would no bank dare lend to Changqing Biological anymore, but many upstream and downstream companies would also demand their paynts and debts, likely exacerbating the situation.
In such tis, with internal and external troubles, other than selling shares cheaply for cash, I basically had no other way out.
And the opponents must have already prepared a suitable "buyer."
They would plunder amidst the crisis, easily recovering the equity of Changqing Biological with minimal cost...
Thinking further along, if Changqing Biological’s operational condition continued to deteriorate, the opponents could gradually consu all the shares in my possession.
Such a ticulous plan!
No wonder! No wonder the agreent only included shares and fixed assets, but no cash at all.
Even if I wanted to sell that mansion now, it would be impossible to complete a sale and receive paynts in a short ti, not to ntion the unfinished transfer procedures.
It seems they had already decided to cut off my funding entirely.
This was a sequence of interlocking strategies!
In just a brief mont, Gao Yuan had mostly guessed Xu Jingsong’s entire plan.
It must be admitted, this series of moves struck directly at Changqing Biological’s Achilles’ heel. Even if you knew this was a trap, there were hardly any good solutions.
After all, Gao Yuan had entered the business world alone, while the Xu family had a huge initial advantage.
They set traps and tripped you the mont you started; you couldn’t just jump over them, except by brute force.
In Su City, after all, it was the Xu family’s ho ground...
Seeing Gao Yuan silent for a long ti, her brow furrowed as if she were worried about money, Jiang Wenmin secretly rejoiced by her side, knowing his opportunity had arrived!
"Chairman Gao, I didn’t expect so many things to happen one after another, especially with the cold storage, this is a dereliction of duty on the part of the relevant departnts!" He said with a slightly angry expression.
"I think the storage departnt has an undeniable responsibility in this matter! We must find out the truth and hold the responsible individuals accountable to recoup our company’s losses!"
Accountable? Recoup?
The people have run off; even if you catch them, how many millions can you get back from the 20 million?
"Ha! Of course, we need to catch them, but that’s the police’s job.
I’m just curious, it just so happened that the UPS was under maintenance, and the power just went out, and just then, we had an internal issue... Manager Jiang, do you think it’s possible for all these coincidences to occur in the world?"
Gao Yuan looked at him with a half-smile.
Jiang Wenmin shivered inside, but dared not reveal even a trace of it.
He feigned contemplation for a mont, then suddenly pretended to realize sothing, and cautiously guessed.
"Chairman Gao, I also feel these events are too suspicious.
If this is no coincidence but a conspiracy against our company, do you think it could be the Xu... ssing behind the scenes?"
What if you know? It’s an open plot!
But what can you do about it without evidence?
He silently observed Gao Yuan’s expression, but saw that she rely responded with a light hmm.
"Hmm! Manager Jiang, your analysis isn’t bad."
Not bad?
That’s it?
At least show so shock and anger!
"Uh ... Chairman Gao, although the issue with the bank is no small matter, if we don’t handle the cold storage issue well, I’m afraid we’ll be in even bigger trouble!"
Although he felt Gao Yuan’s reaction was sowhat too indifferent, at this point, with the arrow on the string, he had to continue as planned.
"Hmm! Share your thoughts," Gao Yuan said indifferently looking at him.
"I think we must first keep this matter strictly confidential. If the outside world knew about our huge unexpected losses, not only would banks hesitate to lend to us anymore, but those suppliers might also co calling.
Then our financial problems would get even more severe!"
"Hmm! And after we keep it confidential?" Gao Yuan asked, appearing earnestly inquisitive.
"This..." Jiang Wenmin looked hesitant to speak.
"It’s okay, speak freely."
"Hmm... Chairman Gao, actually, about the spoilage of the drugs, such as improper storage or those nearing expiry, it’s not uncommon in the industry..." Jiang Wenmin said in a muted tone, lowering his voice.
"Oh?" Gao Yuan understood the implications. "So how do they usually handle it?"
"Generally, if the effects are a bit worse, it’s entirely possible to act ignorant, even selling them as qualified products is completely fine.
For example, if we mix the qualified and unqualified drugs, the probability of being caught is almost zero."
Gao Yuan’s eyebrows slightly raised.
Jiang Wenmin hurriedly waved his hands.
"Eh, Chairman Gao, please don’t misunderstand, this isn’t my suggestion, such tactics are not uncommon in the industry, it’s almost an unspoken secret.
There are even darker ones, like directly forging a batch of production records, that completely deceives everyone!"
Forging production records?!
That is indeed a devilishly tempting suggestion...
Gao Yuan was silent for a mont, then suddenly laughed.
She looked at Jiang Wenmin.
"Manager Jiang, do you think that if I were gone, you could remain safe and possibly even... take over Changqing Biological anew?"
Jiang Wenmin’s heart skipped a beat, and he hurriedly waved his hands, "No no no! Chairman Gao, I’m just telling you so of the industry’s unwritten rules.
Actually, I absolutely despise those who fabricate and tarnish our industry’s reputation!"
"Heh heh!" Gao Yuan shook her head and laughed. "Do you know what the ’four unities rule’ that porcesses of starting businesses generally can’t escape from throughout history are?"
"This... I’m ignorant of that matter." Jiang Wenmin broke out in a sweat.
"The so-called ’four unities rule’ is to unite and assist each other, work together with one heart, and finally... ruin everything together!
Jiang Wenmin’s face stiffened.
Gao Yuan spoke indifferently, "I find this very true; if this world were without , Gao Yuan, what use would there be for this world?"
At that mont, Jiang Wenmin’s back was completely covered in cold sweat, realizing that since the mont he signed that letter of repentance, he had already been without a way out.
Foolish of him to still cling to a sliver of hope until now, truly a fool!
"Do you know why I decided to keep you?"
"Because... because I genuinely repented?" Jiang Wenmin said sheepishly.
Gao Yuan’s lips curved slightly in a hint of enjoynt.
"Because there’s great fun in battling wits with others."
Jiang Wenmin: "..."
This person... must be a demon, right?
Reviews
All reviews (0)