Chapter 190: Chapter 116 Overwhelming_2
Seeing Yan Fei staring absentmindedly at the letter, Wei Chao took it from Yan Fei’s hands. After glancing over the contents, he was startled and quickly walked aside to call and report the latest developnts to those above.
It took quite a while for Yan Fei to recover from the shock. He looked at the female secretary and asked, “How much cash is left in the Company’s bank account right now?”
The female secretary was Lu Pingping’s dedicated assistant and was well-versed in the Company’s data, as she assisted Lu Pingping with Company matters. She quickly replied, “Boss, as of last night, there is still a fund of 1.5 billion in the company account. Oh, and that 1.5 billion is all in RMB.”
Yan Fei had previously bought an unfinished building, followed by its design and renovation, and the overhaul and construction of the new factory in the Jinshan Developnt Zone, along with obtaining data from a world-famous immune system research laboratory. All of this had cost a significant amount of money. Therefore, even though Dream Foods was making a fortune every day, there was not much left in the accounts. The ransom demanded by the Assassin Sect was 3 billion US dollars, which was nearly 20 billion RMB. The funds currently in the Company’s account were far from sufficient.
It was already the next morning, and the professional police on site were still busy trying to find clues about the kidnapping. However, Yan Fei, now knowing the kidnappers’ information, chose not to stay there. He wasn’t sure if this group claiming to be the Assassin Sect was really the historic one or if soone else was masquerading as the sect to extort him. His sole focus was on the 3 billion dollar ransom.
Lu Pingping had always been by Yan Fei’s side, and he hadn’t felt anything was amiss. But now that Lu Pingping had been kidnapped and was in danger, Yan Fei felt a hollow sense of loss. It was then that he realized just how important Lu Pingping was to him. He had to save her; the value of their relationship could not be asured in money.
Upon returning to the Company, Yan Fei imdiately convened a eting with the senior leaders, then asked the manager of the Finance Departnt to call the heads of major banks in Shanghai, saying he intended to visit them. Yan Fei needed to save Lu Pingping, but he didn’t have enough cash on hand and had to seek a bank loan. Only in this way could he raise such a large sum of money in a short period. With no leads on the kidnappers, he had to prepare the money as per the kidnappers’ demands to avoid any unforeseen situations. Although 3 billion dollars was a lot, it was not as important as Lu Pingping to Yan Fei.
The head of Finance quickly arranged appointnts for Yan Fei with the heads of major banks in Shanghai, and Yan Fei made preparations for the visits. Previously, these bank heads had visited Yan Fei a couple of tis, but Yan Fei had not been short of funds at the ti and had declined their loan proposals. Now, however, the roles were reversed, with Yan Fei being the one asking these bank heads for help.
Yan Fei had anticipated that these bank visits might involve so loss of dignity, but he hadn’t expected the situation to be this tough. The bank heads were initially quite warm when they saw Yan Fei, but their expressions changed drastically when they heard his request for a 3 billion dollar loan. They all claid they didn’t have that much cash available and couldn’t et Yan Fei’s request.
Yan Fei initially thought that a single bank might be low on funds, so he wasn’t concerned. But after being rejected by several major banks one after another, he began to have a bad feeling. Even his suggestion for several banks to join forces and loan him the money was rejected. At this point, Yan Fei ca to a realization: even if funds were tight, these banks could surely combine resources to loan out 3 billion dollars, but they all chose to refuse. It seed that Lu Pingping’s kidnapping was not as straightforward as it appeared – he might have fallen into soone else’s trap.
It should be noted that the Weight Loss Cookies were now selling an average of 2 billion RMB per day, which amounted to 73 billion RMB a year or about 12 billion US dollars, not even counting the international market. With such a huge cash flow, plus the fixed asset of the new Dream Technology Headquarters skyscraper, raising a 3 billion US dollar loan from banks should be effortless. Normally, Dream Technology would be considered a pri asset by bankers, and if Yan Fei were to put out the word, probably banks around the world would be clamoring to lend him money. The fact that all banks Yan Fei approached refused to lend to Dream Technology was highly unusual and implied that soone was scheming against him.
Lu Pingping had previously disapproved of Yan Fei’s refusal to take bank loans, even expressing her concerns to him, but Yan Fei had been stubborn at the ti and stuck to his decision. As a result, whether it was purchasing the unfinished building, acquiring a new factory, or trading for laboratory data, they had used their own cash, not resorting to bank financing. Now, the repercussions had co swiftly, as Dream Technology had lost the support of the banks, leaving Yan Fei without their backing in a critical mont.
Under other circumstances, Yan Fei might have accepted the lack of support from banks, but this ti the situation was different. Lu Pingping was still in the hands of others; he needed money for a rescue. Lu Pingping was extrely important to Yan Fei; he would spare no expense to save her. If he knew who had kidnapped Lu Pingping, even if he couldn’t raise the 3 billion dollars, he would go after them and save Lu Pingping his own way. But without any information from the kidnappers, he couldn’t use force; he could only obediently gather the ransom as demanded by the kidnappers, putting Lu Pingping’s safety above all else.
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