In order to live in seclusion, I tricked my roommate into falling in love.

Chapter 607 If you don’t pay, you’re not a cricket!

It may still be the unexpected machete of Zi Xiaowei, plus the encirclement of the top master but gentle assassin of Qiang Ge.

Mr. Zhang's disguise was instantly exposed.

Everything he did was useless.

Over the past two or three decades, Brother Qiang has sought investors countless times, and he has also been an investor countless times.

This little scene is so common that you can see the essence through the appearance at a glance.

Zi Xiaowei is also very familiar with the automotive industry, sales performance, and various advantages and disadvantages.

All the pretense and pretense are funny in his eyes.

Perhaps sensing the uneven strength of the two hands supporting him, Mr. Zhang took a deep breath and braced himself. "Mr. Chen said, Xiaowei, you're a man with a strong sense of national pride and social responsibility. We can talk..."

Zi Xiaowei was helpless: "In May, I told you that I wanted your 30% stake as a marketing investment. Maybe Gaohe is the one selling 200,000 or 300,000 vehicles now. You are reluctant to part with it. You are waiting for a higher price before you are completely broke. How much has the debt increased in the past six months? What is the total debt now?"

Mr. Zhang hesitated and admitted, "About 20 billion."

Even a billionaire like Brother Qiang couldn't help but whistle: "I now agree with Xiaowei when he said that you are all money-eating beasts. You are so small, yet you can still incur 20 billion in debt. You are really generous."

For those engaged in capital operations, debt management is commonplace.

But debts at this level are beyond repair.

It is certain that the company is insolvent. At most, Gao He cannot even raise 20 billion in assets, let alone the investment required to operate this mess.

That would mean we would have to invest 30 to 40 billion yuan.

Only a fool would fall for this.

Before coming, Zi Xiaowei thought that Mr. Zhang's last bid of 30 to 40 billion was just an exaggeration, and he could pay the money back on the spot.

I didn’t expect that an honest person would tell the truth!
He wanted to turn around and leave. "I was still chatting with Brother Qiang on the way. I acquired the Jiangzhou Observation Tower cultural tourism project in September, which is on par with the Shanghai Pearl Tower. It was previously saddled with over 70 billion yuan in debt and other things. It was auctioned off for two or three years but no one wanted it. In the end, the state-owned assets took over for 700 million or 800 million yuan, which basically cut off all the debt. I'm now asking them to convert this 700 million or 800 million yuan into equity before they agree to invest in and build the entire project. Do you think we have any obligation to cover your 20 billion yuan debt? Or will it be squandered by a bunch of people like this? No one wants to be the one who takes it for granted."

He rubbed his chin and looked around. "Besides, your project is different from that observation tower project. The core of that project is the land, just like the prime land in Lujiazui. It will still be valuable after a few years. Yours...there is no factory at all, and the administrative staff are a bunch of rubbish. The most valuable core is the technical strength, product design, and patents. But if I open a recruitment agency across the street and offer to poach your engineers to Ella or Evita with high salaries, do you think they would be willing to go?"

Brother Qiang said: "That's not good. It's against the rules to openly and maliciously poach people like this."

Zi Xiaowei had no bottom line: "Oh, then, that girl is not bad, she looks pretty and smart. I will find an opportunity to seduce her later, and then use her to secretly recruit people in the technical department. I don't believe that I can't get a carload of internet celebrities and beautiful women from Jiangzhou to handle this matter."

Brother Qiang was stunned and squeezed out a word from the corner of his mouth: "Braise!"

Because he has hundreds of millions of people at his disposal, two magic weapons, and handsome men and beautiful women, it is very easy for him to poach colleagues.

Zi Xiaowei's shameless method definitely has a higher success rate than the headhunting company he is familiar with.

Mr. Zhang wavered again. "Shanghai has high hopes for us. We also possess numerous technological patents, valued at... tens of billions..."

I feel a little guilty about what I said.

These two are not administrative officials who know nothing.

Jingxiguang Logistics has applied for thousands of patents, and Changjiang Automobile is the second largest patent holder in the automotive industry. Even Yuanyaoying is only ranked ninth in this category.

So Zi Xiaowei easily crushed him: "Don't forget, you probably acquired the patents in 15 and 16. Everyone knows the tricks played by Zhen Yuejin and his gang. How much these patents are actually worth is another matter. Has the scientific and technological research and development solidified in recent years? Things that had some value back then may be worthless now, and you're still holding on to them as treasures."

He was actually a little annoyed and frustrated that he didn't get it, so his words were a bit harsh.

Mr. Zhang was shocked, but he couldn't refute it.

The Internet really does have a memory.

Zi Xiaowei didn't use any inside information means.

You can find some of Mr. Zhang’s resume that has been deleted and concealed.

The time when I collaborated with that famous national liar can never be erased.

This explains why he is a very technical leader, but inexplicably has a bit of a deceptive air.

That's when the fur got infected.

This daring and reckless business style, which was common in the past thirty or forty years, is no longer feasible due to the increasingly standardized business environment.

And he is not as smart as the big liar. Some honest people go astray.

Twenty billion in debt.

Zi Xiaowei said a few words casually and then looked up at Brother Qiang. His eyes showed, "Shall we go?"

There's no way.

There is no way I can help him pay off such a huge debt.

Brother Qiang has profound skills. He is a real academic master. He is familiar with various ways of solving problems and can even create his own tricks.

He folded his arms and said solemnly, "Xiao Wei is right. This face-saving project of yours is completely useless. At the very least, it's a waste for our business model. So if you still want to save yourself now, then you have to be sincere and make a desperate effort. Don't have any more illusions."

This pincer attack is a bit bullying, but it does work.

Mr. Zhang, whose expression had been changing constantly, gritted his teeth and said, "It's mainly state-owned assets and shares from other overseas investors. I hold the largest stake of 43%. I can transfer 30% to Xiaowei in exchange for marketing channels..."

Zi Xiaowei shook his head. "That was the price six months ago. It's actually not important whether I want the 30% or not. What I want is the right to speak, the right to manage, to have the authority to kick out these messed-up people, to build good cars according to our own ideas, and to sell them to more consumers. You're only making me think the price should be higher, and that won't even cover the debt and management situation."

This isn't an underwear company in the clothing industrial zone. They can easily disband the marketing center and kick out the Yang family.

Look at the smart white-collar management from various big cities in this company. It would be a big loss to drive them away.

Since Zi Xiaowei was primarily expressing disdain, Brother Qiang chimed in: "How much of the 20 billion yuan in debt is investment debt, how much is operating debt, and how much is production payables?"

Compared to the vicious Zi Xiaowei, Mr. Zhang felt that Brother Qiang had a kind face.

Mainly because he saw a glimmer of hope, this veteran man let down his guard and confessed, "Two billion is borrowed funds, seven billion is investor debt, seventeen billion is operating debt and R&D debt, over six billion is production payables, involving more than a thousand supporting enterprises, and over two billion is fixed asset debt..."

Zi Xiaowei was actually calculating quickly in his mind, oh oh oh, even if they are all debts, they can be divided into this debt and that debt, and the nature is very different.

The production cost is more than 6 billion, which is equivalent to the manufacturing cost of 20,000 to 30,000 vehicles. Only a few thousand vehicles have been sold in the past few years since the launch. I don’t know if there are any models that sell more than 10,000 units. The production cost is definitely much higher than that of a big company like Totoro, which has orders of hundreds of thousands of vehicles at the beginning.

It seems that the 20 billion is not so outrageous.

Brother Qiang was very familiar with the situation. "As for the debts related to the company's scale, we will deal with them as usual. Various operating and R&D cost debts were also previously limited liabilities. Production payables can be paid in installments using working capital, but ultimately, you should bear the debt liability. If Jingxi Industry takes over this mess, it will not be responsible for any debts from previous operating mistakes, but it can allocate funds to help improve the situation. You can gradually repay these debts in the future with shareholder dividends or gradually appreciated shares."

Zi Xiaowei suddenly felt like, oh, I learned something.

After the split, the company will assume the debt of the shareholders' investment, but Mr. Zhang will have to pay the rest himself. It seems that one or two hundred billion is a lot, but if the company is revitalized, those creditors will not only get their debts back, but also continue to make money. Therefore, the future situation will be used to stabilize the creditors, and then wait for the company to explode and push up the market value. Maybe when the company is worth hundreds of billions, Mr. Zhang's remaining more than ten percent of shares alone can be used to pay off all the debts. At that time, he will not only not be a defaulter who owes tens of billions, but also a wealthy man who has made a fortune.

This approach to solving the problem is based on the assumption that the entire enterprise will definitely turn losses into profits and increase in value.

The 20 billion debt seems to be a lot now, and Jingxi Industry will not use real money to help repay it. It will only operate based on the existing foundation to restore its hematopoietic function. It can produce more and more, and it will become more and more expensive. Mr. Zhang will then pay it back slowly by himself.

It's the typical boss mentality when it comes to owing money. If you insist on collecting the debt now, then just shut down completely and no one will get any.

But by giving a buffer period, or even continuing to provide supply assistance, you can also get some working capital until things get back on track and make a lot of money together.

The name of Jingxi is more effective here than anchor Xiong.

After all, no matter how famous an internet celebrity is, or how much he can sell vehicles worth hundreds of billions, he cannot gain the trust of small supporting factories and various material suppliers.

When Brother Qiang from Jingxi comes out, just his presence will immediately make people choose the next approach.

Because everyone would assume that the people who take over the business are not short of money, but they don’t want to be taken advantage of.

Mr. Zhang stood there with a changing expression.

Brother Qiang was considerate: "Why don't you make a few calls to discuss it, but it's best not to tell these people inside. If not, we'll leave."

The tone was like he was going out to buy barbecue with Zi Xiaowei, and he didn't even bother to ask how much money he would have to invest after the connection was established.

What's the point of talking about acquisitions for the entire auto company? This is a strong investment in sales channels and production management models, which can directly inject vitality and change the situation.

I didn't pay a penny because I think your car still has some value.

The existing semi-defective products can be transformed, and the other 70% of the shares of each party still have the opportunity to make money as they appreciate in value.

Otherwise, just disappear along with the 20 billion debt.

(End of this chapter)