Seeing everyone looking at him, Li Dong thought for a while and said, "Longhua's crisis this time is not just about the capital chain. It's mainly about the Xu Family's infighting."
"Infighting?"
Everyone was surprised. They did not expect Li Dong to say this.
Li Dong explained, "Let's put it this way. This crisis is actually caused by Hsu Shengzhe.
He hopes to take this opportunity to kick some of Longhua's shareholders and Xu Jianghua out of the picture.
As for the capital chain problem, it's not as serious as everyone thinks. Hsu Shengzhe has secretly prepared a few billion to save the day.
So, it's not realistic to take over the Su 'an New City project.
This is Longhua's greatest value. Su 'an New City is worth more than 10 billion. Hsu Shengzhe will not let it go.
We can take advantage of it, but if we want to take over Su 'an, I'm afraid he will choose to fight to the death. "
Everyone turned pale with fright when they heard this.
On one hand, they were surprised by Hsu Shengzhe's boldness. On the other hand, they were shocked that Li Dong knew about this.
Hsu Shengzhe obviously would not reveal such things. This meant that Li Dong had calculated it himself.
At this time, everyone looked up to Li Dong. Our boss is indeed not simple.
Wu Shengnan was a little disappointed when she heard this. But she quickly pulled herself together and said, "Even if Longhua has an infighting, after this incident, Longhua will suffer a great loss. By then, Longhua will need a long time to reorganize its internal affairs. This is also our chance. Director Li, we can't just stand by and watch. "
Li Dong laughed. "I'm not just watching. Didn't I tell you not to touch the remaining capital? How much money is left in Dongyu's account? "
"3.2 billion!"
Li Dong chuckled and said, "Not bad, it should be enough. Longhua has been in a lot of trouble these few days. Although we can't take over all of them, we can't let them get through this easily.
Manager Wu went back to make arrangements to expose some of the problems in Longhua.
If things got out of hand, their shareholders might not be able to sit still anymore.
At this moment, Hsu Shengzhe would not intervene. If he were to intervene, Longhua's shareholders would not let it go easily.
Therefore, the early stage is our chance.
Take over the shares from the minority shareholders at a low price. Even if Hsu Shengzhe finds out about this, he will have no choice but to take the loss. "
Wu Shengnan's eyes lit up, "Alright, I'll arrange it right away!"
During the heavy snow this time, the other subsidiaries had developed strongly. Only the real estate company was silent. Wu Shengnan had been impatient for a long time.
Now that Longhua is in trouble, it doesn't matter if they can take over Longhua or not, it's still possible to get a share of the spoils.
After discussing these matters, Li Dong continued, "Of course, everyone has to distinguish their priorities.
Whether it was Gome or Longhua, they were all incidental.
If we really don't have a chance, we'd rather not enter than mess up our original plan.
Before the heavy snow ends, we have two goals.
First, destroy Taobao's market in East China.
Second, expand our supermarket's market share in East China.
This is our main goal. We might not see any benefits in the short term, but in the long term, it's definitely more worthwhile than taking over Longhua's shares. "
Everyone hurriedly nodded. They were still able to distinguish between priorities.
If these two companies were not related to Far away, they would not even be discussing these matters.
…
At the same time.
While Li Dong and the rest were discussing, Longhua held an emergency shareholders' meeting.
Longhua Real Estate did not have many shareholders, and the Xu Family owned 60% of the shares.
The rest of the company's senior management held about 10% of the shares, and the remaining 30% was held by a mysterious group of people.
These people did not usually attend the shareholders' meeting, and they did not participate in the company's management. They would only think of these shareholders when they receive dividends every year.
Other than these people, there were a few other minority shareholders.
Ho Ming was one of them. He had worked with Hsu Shengzhe to acquire Hongtu Real Estate.
Later, as they did not achieve their goals, the new company was merged into Longhua Real Estate. Ho Ming became a shareholder of Longhua, holding 5% of the company's shares.
5% of the shares was not a small amount. Of course, it was not much compared to the Xu Family.
At this moment, Ho Ming's face was gloomy. At the start of the shareholders' meeting, Ho Ming asked on behalf of the remaining minority shareholders. "CEO Xu, Longhua has been doing well. Why is there a sudden cash flow issue?
Even if Longhua could not come up with 2 billion now, it would not be a problem to postpone the payment according to past practices.
But now, there was news of embezzlement of the project's remaining funds!
That was fine, but why did the media find out about it and even expose it!
Are Longhua's PR and confidentiality skills that bad?
If that's the case, Longhua's bankruptcy is not an injustice.
But who is going to protect the interests of the shareholders?
The outside world is in an uproar, and the banks are keeping a close eye on this. This might even lead to other problems.
If this goes on, the matter will only get worse! "
Hsu Shengzhe said tiredly, "CEO Ho, I know about this. In fact, compared to you, I am the biggest victim.
Do you think I want to see this happen?
I have already mentioned this at the shareholders' meeting, and everyone knows the flow of funds.
As for the embezzlement of the project's funds, it was approved by the board of directors. The only thing we did not expect was that the media exposed this matter.
Not many people know about this, and I don't want to pursue the matter.
Our current task is to solve this problem and not let everyone's interests be affected. "
Hu Ming furrowed his brows and said, "The fastest way to solve the problem now is to gather the money that's due. This matter cannot be dragged on any longer. The longer it drags on, the more doubts the public will have. CEO Xu, has the board of directors thought of a solution? "
"They are still discussing it …"
"They are still discussing it!"
This time, it was not Ho Ming who spoke, but another minority shareholder.
The minority shareholder's face turned red and said angrily, "What's the use of discussing it now?! We have to think of a way to collect the funds and repay the debt first. Or we can ask the bank to delay the matter, and the company will issue a statement to appease everyone's doubts. If we continue to discuss it, the matter will blow up, and the other banks will come to check our accounts. What should we do then? Longhua is Jiangbei's biggest real estate company. Is it so difficult to collect 2 billion yuan? "
Hsu Shengzhe explained again, "This is indeed not the right time. We have just acquired Yurun's assets, and we have not completed the integration of the resources. Also, it is snowing, and we can't open the market for a few properties … "
"Then, we will use these properties as collateral!"
Hsu Shengzhe said helplessly. "We have already used these properties to acquire Yurun's assets."
"This …" The minority shareholder was stunned.
He knew about this matter, but he had forgotten about it previously.
It's not a problem to borrow the properties for a period of time after they have been mortgaged.
But don't even think about mortgaging them a second time.
Everyone's face turned gloomy again. To acquire Yurun's assets, they had mortgaged almost everything they could.
Even Su 'an New City did not belong to them.
Longhua's only remaining asset is the Longhua building. Hsu Ming and the rest looked at each other, and Hsu Ming said. "CEO Xu, let's use the Longhua building as collateral …"
Before Xu Shengzhe could say anything, Longhua Bank's general manager sighed and said, "That won't work either. First of all, we have a very high debt ratio with all the major banks. Now that this has happened, it won't be easy for us to get another loan. Secondly, even if we get the money, it will not be enough. Longhua's weak state will be exposed. I am more worried that the other banks will kick us when we are down. " Hsu Ming frowned. "Is there a need for that?
The banks are not fools. If they really force Longhua into bankruptcy, they will not be able to do anything! Longhua's assets are all good, and as long as they can get through this period, the debt will not be a problem. The businesses under Longhua were all good businesses. As long as they could get through this period, the debt would not be a problem. Forcing us now is like killing the goose that lays the golden eggs! "
In fact, the general manager was also extremely aggrieved. When he heard this, he gritted his teeth and said, "This is also what we are puzzled about! This time, the bank's audit of us was very strict. It was as if they were forcing us to a dead end. I suspect that someone is secretly targeting us! "
"Secretly targeting us?"
Everyone's hearts tightened. This was no small matter.
If someone really had their eyes on Longhua, and Longhua happened to be in danger, they would be in big trouble.
The other minor shareholder thought for a moment and said, "Who's targeting us? I don't think Longhua has provoked anyone in the past few years. Our business has been transferred to Su 'an New City … "
"Could it be …"
The minor shareholder's eyes suddenly flickered and he said nervously, "Far away?"
"What?"
"Far away!"
"It's very possible! Recently, Li Dong had won big in the competition with other supermarkets and e-commerce companies. It's not strange that he is targeting real estate. Dong Yu Real Estate's Wu Shengnan is very ambitious. She has always wanted to be the number one in Jiangbei. In the past, when we were selling our land, we thought Far Away's ambition was not there. But since the real estate market has slumped, Dong Yu has bought a few pieces of prime land. Obviously, they are preparing to make a big move. If Dong Yu wants to rise, Longhua will be their biggest enemy! "
"Indeed. That makes sense. The bank did not give us face. Obviously, they know that someone can back them up. Who has the guts? Li Dong naturally has it! "
"There's also the New City. Governor Jia will not sit back and watch us collapse. But if Far Away is willing to take over, with Governor Jia's trust in Li Dong …"
The shareholders started to discuss among themselves. After a while, everyone was certain that this incident was most likely caused by Fang Yuan!
A few minor shareholders gritted their teeth and said fiercely, "Li Dong! That's too much! "
Hsu Shengzhe's lips twitched. I didn't say that.
He did not say anything, and these fellows used their imaginations to push the blame onto Li Dong. After all, he couldn't possibly explain for Li Dong.
Seeing the commotion, Hsu Shengzhe was afraid that they would go after Li Dong. He coughed and interrupted, "This is only our guess. We can't be sure that Li Dong is behind this. After all, Li Dong may not have the ability to know some of our internal affairs. "
At this moment, the rest suddenly looked at Hu Ming. Just when Hu Ming was baffled, someone said coldly, "I heard that Li Dong has a close relationship with President Hu's daughter. As a shareholder, there are some things that can't be hidden from President Hu, right?"
Hu Ming was infuriated by this unexpected calamity, "Surnamed Wang, you need evidence to do things! I don't even know about Longhua's embezzlement of the project funds. Don't put sh * t on me! Also, what's in it for me if Longhua collapses? Even if it's Li Dong, it has nothing to do with me. If we're talking about relationships, President Xu and Li Dong have a close relationship. Are you guys suspecting that President Xu is colluding with Li Dong? "
Hsu Shengzhe's back was drenched in cold sweat!
Damn it, can you guys stop analyzing? If you continue to analyze, you guys will really guess it by accident.
Bearing with the awkwardness, Hsu Shengzhe said with a serious face, "Everyone, now is not the time for internal strife! I've said that now is not the time to pursue this matter. Regardless of whether it's Li Dong or someone else, we are in a dangerous situation now. Someone is adding fuel to the fire. We were already in big trouble, and now it's even bigger! What we need to do now is … "
Knock, knock, knock!
Before Hsu Shengzhe finished his sentence, someone knocked on the door.
Hsu Shengzhe's heart skipped a beat. He quickly said, "Come in!"
Hsu Shengzhe's secretary pushed the door open. The secretary was a little nervous. She quickly walked to Hsu Shengzhe and whispered a few words.
As she spoke, Hsu Shengzhe's face changed again and again.
After the secretary finished speaking, Hsu Shengzhe waved his hand and sent her out.
After the secretary left, Hu Ming hurriedly asked, "What's wrong?"
Hsu Shengzhe did not reply. His brows were tightly knitted.
Seeing this, the others could not sit still and started to ask questions.
After a while, Hsu Shengzhe said tiredly, "I just received news that the city court has received a lawsuit. There are 16 property owners suing us, requesting to terminate their contracts with us. Our Nanwan Area Phase 1 had been pre-sold previously. Due to the heavy snow, the construction was delayed, and we missed the delivery date. "
"So fast!"
The others were stunned. Then, someone said angrily, "It's only a few months' delay! Furthermore, it's affected by the weather. It's stipulated in the contract! According to the contract, even if they sue us, we can ignore them. "
"But the court accepted it!" Hsu Shengzhe said coldly.
Everyone's heart skipped a beat. Logically, it was not a problem if the court did not accept the lawsuit. Or, they should mediate before accepting the lawsuit.
But the court accepted the lawsuit, and this was not a good sign.
When it rains, it pours. Usually, such a small matter was not a big deal.
But at this time, the impact was huge.
The 16 property owners were not a big deal. The key was that there were more than 300 pre-sold properties in Nanwan Area Phase 1, and the funds were about 200 million.
If all the property owners requested to terminate their contracts with this reason, Longhua would have to bear another 200 million.
Once the property owners ran out of money, the court would enforce the contract. If the enforcement failed, according to the usual practice, the next step would be liquidation.
At this time, it did not matter if the property owners could come back from the dead. Longhua was done for.
Insolvent, the court and the bank would have the final say.
Everyone's heart turned cold. After a long time, someone gritted his teeth and said, "This is a conspiracy! A conspiracy against Longhua! "
"Li Dong! It must be him! "
…
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