I have a debt of 3 trillion, and my creditors are begging me not to die.

Chapter 54 Tell Me Where Is My Money
In this cold winter of real estate, it is not only Sihai Group that is having difficulties in operation. Other large groups are also struggling.

For example, Yida Group.

In order to raise funds and reduce its debt ratio, Yida Group signed a bet agreement with investors that Yida Commercial Management would be listed within three years.

If Yida Commercial Management is successfully listed, investors’ money will be regarded as shares.

If Yida Commercial Management fails to go public, Yida Group will need to pay money to buy back the shares held by investors and also pay 11.5% interest.

Yida Commercial Management’s three consecutive applications for listing were rejected. Now there are only more than three months left before the deadline of the gambling agreement. Seeing that there is no hope of listing, Yida Group chose to sell assets to raise money to buy back shares from investors.

In order to reduce its debt ratio, Yida Group has sold everything it could, and now only has two core industries left: Yida Film and Yida Commercial Management.

Wang Xiaosen, chairman of Yida Group, has publicly stated many times that Yida Commercial Management, which controls Yida Plazas across the country, is not for sale, so he can only choose to sell shares in Yida Films to raise money.

So far this year, Yida Group has sold Yida Film’s shares three times in a row, totaling 20.8% of the shares and raising 60 billion yuan in funds.

Now Yida Group has put Yida Film’s shares on the shelf again, and this time it wants to sell 20% of the shares. According to Yida Film’s current market value, these shares are worth 55 billion.

If it can obtain this 20% stake, it will directly become the second largest shareholder of Yida Film, only slightly less than Yida Group, which means that Yida Group will lose its controlling stake in Yida Film.

Anyone who understands the film market knows that the most critical factor affecting a movie’s box office is how many screenings the theater schedules.

Many junk movies have much higher box office than movies of significantly higher quality in the same period because they are screened in large numbers.

Even good wine needs no bush, and a good movie needs to have enough screenings to have good box office.

Therefore, Yang Chen set his sights on the 20% stake in Yida Film.

Yang Chen planned to lend the 40 billion given by Jingdong to Sihai Entertainment through Sihai Healthcare, and then borrow 15 billion from the bank through Sihai Entertainment to acquire the 20% stake in Yida Films and become the second largest shareholder of Yida Films.

With the equity of Yida Film, Sihai Entertainment will no longer have to worry about lack of screenings for its films.

As the saying goes, plans cannot keep up with changes. Just as Yang Chen managed Sihai Healthcare to lend 40 billion yuan to Sihai Entertainment, the finance department reported to him that the 40 billion yuan was missing.

It happened that at this time the five bank presidents came with Huang Wenbiao, chairman of Jiangte Pharmaceutical Factory.

"Hahaha... Director Yang, it's done. Just take a look at the contract and sign it." Worker Li Jun said with a smile.

Yang Chen glared at Li Jun with a stern face and said, "I'm glad you can help me so actively. But I don't like your behavior of saying one thing on the surface and another behind the scenes."

The smiles on Li Jun and others' faces suddenly disappeared.

"What's wrong? What happened?" Li Jun asked hurriedly.

Yang Chen angrily slammed the table and asked, "Why did Jingdong's 40 billion funds that entered Sihai Health's ICBC account disappear? Tell me, where is my money?"

Li Jun was anxious and quickly explained: "I didn't move! Director Yang, you know me, I absolutely support you, how could I transfer the money without telling you?"

The president of the bank, Chen Tao, said quickly, "Don't worry, Mr. Yang. President Li, please call the head office and ask. I guess it was transferred to other branches."

Wang Baoguo from the Agricultural Bank also said, "That's right, that's right. It's possible that some branch has transferred the money and returned it to the creditor." Li Jun nodded and said, "It's possible. Director Yang, don't worry, don't worry. I will call the head office now and ask them to solve it. I promise that the 40 billion will be returned to Sihai Health's account in full. We will make up for any shortfall."

Yang Chen let out a sigh of relief, then nodded to signal Li Jun to make a call.

Li Jun quickly called the head office and found out that the money had been transferred away by the Beijing branch.

The liver protection tablets, vitamin tablets, etc. previously produced by Sihai Health were all handed over to Beijing Yunhai Trading for sales. Yunhai Trading delivered Sihai Health's products to consumers through online and offline channels.

In fact, any discerning person can see that there is a problem here, and in fact there is a problem, because Guo Yunhai, the boss of Yunhai Trading, is Wang Sihai's fellow townsman, classmate, and co-worker. Part of the high channel fees collected by Guo Yunhai will be returned to Wang Sihai privately, and the fees will be directly deposited into Wang Sihai's overseas account.

Ever since Sihai Group encountered a debt crisis, Yunhai Trading has not been able to collect any money. Until Wang Sihai ran away, Sihai Healthcare owed Yunhai Trading a total of 46.8 billion yuan in channel fees.

Yunhai Trading took Sihai Healthcare to court and applied for compulsory execution. All accounts of Sihai Healthcare were monitored, and any funds that flowed in would be directly deducted from the money by the court and paid to Yunhai Trading.

The 40 billion yuan given by Jingdong was transferred away as soon as it entered Sihai Healthcare’s account, and is now in Yunhai Trading’s account.

After figuring out the reason, Yang Chen instantly felt powerless and lost his passion and motivation for work.

I finally made 40 billion and was about to do more important things, but the money was gone. The key point is that they acted according to the law and I can't find fault with them.

Yang Chen rubbed his temple and said, "I want to be quiet."

"Miss Jingjing? Um, Xiao Zhao, Xiao Zhao! Come in quickly, Director Yang misses you." Li Jun said loudly.

Zhao Jing, who was outside the door, immediately ran in and asked, "Director Yang, please give me your instructions."

Yang Chen raised his head and looked at Li Jun, then at Zhao Jing, his face full of speechlessness.

Does Diaomao Li Jun think he is very humorous?

"Put down the contract. I'll look at it when I have time. You all can go. I need some quiet, quiet." Yang Chen said, emphasizing the word "quiet".

Li Jun and others put down the contract and walked out with heavy faces.

Yang Chen adjusted his mood, and then called Chang Sheng in.

"Call Guo Yunhai, I'll talk to him." Yang Chen said.

Chang Sheng quickly took out his cell phone, found Guo Yunhai's number, and then dialed it.

When the call was connected, Yang Chen picked it up and said, "Boss Guo, I'm Yang Chen, the new chairman of Sihai Group."

"Oh, haha... Mr. Yang. Hello, hello. Mr. Yang is really amazing. He made 40 billion right after taking over Sihai Group. However, you still owe me 6.8 million. I won't ask you for interest, but you have to pay me back quickly." Guo Yunhai said proudly.

Although 46.8 billion yuan in channel fees may seem like a lot, the actual cost is actually less than 10 billion yuan, and the excess is dirty money.

“I don’t want to waste time talking to you. Transfer the money back to me immediately, otherwise I’ll send you to jail! I’ve always been kind to others. As long as you show me a good attitude, I’ll be willing to show mercy. You should know what I mean.” Yang Chen warned.

(End of this chapter)