Only after being reborn did I realize how fascinating the world of the rich is.
Chapter 424 The Crisis of the Li Group
What could he say?
If the bank won't grant a loan, then so be it. As long as I don't cross any red lines, given the Li Group's current influence, even if Secretary Zheng is unhappy, at most he'll give me a hard time, like checking my taxes or fire safety.
Are you suggesting that I kneel down and hand over the money I've worked so hard to earn, only to leave myself with a handle against me in the process?
“Hey Li, don’t think that just because Secretary Li can protect you, you can rest easy. You need to understand that Secretary Zheng is in charge here now.”
"President Song, I am an orphan. I never thought that anyone would come to protect me for no reason. The only one who can protect me is myself."
No matter how capable Secretary Zheng is, his power is not unlimited, and he also has competitors. Secretary Li was just transferred, not dead.
Furthermore, I have money, a professional legal team, and a certain level of influence in society; I'm not a fish on a chopping block!
"You're something else, just you wait. Since you're so uncooperative, you'll regret this!" Bank Manager Song said harshly before turning and leaving.
Sure enough, not long after, the Li Group's credit rating at the bank was downgraded, and the bank issued a demand letter to the Li Group, requiring the Li Group to repay the bank loan in advance, otherwise it would affect the bank's credit record.
This incident immediately caused a huge shock within the Li Group.
After all, any company that loses the support of banks and is targeted by them will most likely go bankrupt after its cash flow is cut off, and at best, its development will stagnate.
Li Xiaofeng immediately summoned his women and discussed countermeasures with them to deal with the current crisis.
"Xin'er, on behalf of the Li Group, appeal to the bank's superior authority and be prepared to sue the bank at any time."
"Sue the bank? Can you even win that? Besides, even if you win, what then? What if you offend the bank too much and can't get loans from them in the future?" Le Xin'er looked surprised.
With a resolute look in his eyes and a determined expression, Li Xiaofeng said, "I can't worry about that. The Li Group's current financial situation is good, which is obvious to everyone."
At worst, I can take out a loan from a foreign bank, or even issue US dollar bonds overseas to raise funds. Maybe the overall loan interest rate will be lower. A living person won't die from needing to pee.
Liu Qianqian, who was standing to the side, said with some concern, "Won't this offend too many people? As the saying goes, the common people can't fight with officials. If we go this far, we'll definitely suffer a loss!"
Li Xiaofeng sneered and said, "The ancient saying 'the common people don't fight against officials' refers to the ordinary people at the bottom who have no background or power and can only accept their fate."
But if you really study history carefully, you will find that those ancient landlords and gentry were never under the control of everyone, otherwise they would not have been called local tyrants.
Often, a newly appointed county magistrate, if he wants to smoothly complete his term, has to curry favor with the local powerful figures and win their support!
"But modern times are different from ancient times."
"Of course it's different. In ancient times, the power of county officials was not greatly restricted, but in modern society, power is not only restricted, but also subject to the supervision of public opinion."
Moreover, can the power that Director Song holds be compared to that of a county magistrate in ancient times?
He merely wields some power in the financial sector; can he, like an ancient county magistrate, imprison me without any reason?
At this point, Li Xiaofeng took a deep breath and said in a serious tone, "A kind person is bullied and a good horse is ridden. I don't believe that taking a step back will open up a whole new world. Retreating will only make people take an inch and then a mile."
I, Li Xiaofeng, have no family background whatsoever, yet I have amassed a vast fortune in such a short time. I am well aware of how many people are secretly coveting it.
As my instructor aptly put it, "A single punch can prevent a hundred more," and I wholeheartedly agree. I will absolutely not back down from this matter!
As the CEO of the Li Group, Tang Shanshan said firmly, "Xiaofeng is right. I worked in the system for a while, and most people in the system are all bark and no bite."
Those who wield even a little power tend to use it to manipulate others, thereby displaying their unique sense of superiority.
But they are inherently weak, because the power they hold is not their own, but given by their position. If they lose that position, they have nothing.
Climbing the ranks within the system is no easy feat; it's a cutthroat competition where everyone is pushing and shoving each other. If something goes wrong, their first reaction is to quickly suppress the matter to avoid jeopardizing their careers.
In this matter, it's clear that the man surnamed Song is abusing his power and retaliating against us for personal reasons. If we stir up some public opinion, I believe that man surnamed Song will immediately back down.
Seeing that both Li Xiaofeng and Tang Shanshan, the CEO, had reached a consensus and wanted to launch a counterattack against that Bank Manager Song, Liu Qianqian and the other women, although still having some doubts, all expressed their support.
Li Xiaofeng smiled and said, "I have a bold idea now. We can not only solve this problem, but also make a fortune!"
Tang Shanshan smiled and asked tentatively, "You're not thinking of taking over Wanzhong Media, are you?"
"How did you guess that?"
"It's very simple. Currently, within our group, apart from selling those real estate properties, the only company that can raise a large amount of cash flow is Wanzhong Media."
"These past two years you've distributed all of Wanzhong Media's profits, forcibly driving up the stock price, weren't you just thinking about cashing out at a high price one day? Now Wanzhong Media's stock price has climbed to a new high!"
Li Xiaofeng smiled and nodded, saying with great satisfaction, "My judgment in appointing you as the group's CEO was indeed correct."
When I forcibly acquired Wanzhong Media, including subsequent orders and share purchases, the cost per share was about ten US dollars. Now the stock price has appreciated more than five times, almost reaching sixty US dollars.
The group's shares in Wanzhong Media have appreciated to 15 billion yuan. I plan to sell half of them. After deducting various taxes and fees, I should have about 6 billion yuan left.
Our large-scale sell-off will inevitably attract the attention of Nasdaq regulators, and now that President Song has provided this reason, it makes perfect sense.
Then, he smiled and said to the women, "Anyone who still has shares in Wanzhong Media should sell them as soon as possible. Before I issue a reduction announcement to Nasdaq, please do not disclose the news to the outside world."
"Qianqian, you continue to manage Wanzhong Media's daily salaries as usual. Once the group's crisis is resolved, I will increase my shareholding."
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