Chapter 295 The fat is in hand! (The two-in-one chapter(1/3)
Sometimes, it is a blessing to meet a dedicated leader.
The Tong brothers have dug such a big hole. If they encounter a leader who is lying down and allows the matter to ferment, they can only watch "the social impact is extremely bad" and then "increase their guilt".
But when meeting a leader like Lu Feng who can really solve problems, as long as he cooperates obediently, he can still strive for a "positive performance". Every increase and every decrease can at least reduce the amount of soap he picks up by half.
When Tong Gang saw his elder brother agree to Lu Feng's condition of transferring shares for 0 yuan, his eyes turned red with distress.
"Brother, why did you agree directly? You still have to sell it to make some money. The company still has so many assets."
Seeing his brother's excitement, Tong Wei's lips twitched.
He really didn't want to explain so much to this idiot now, but it was impossible not to explain, because Tong Gang also had a share of the company's shares.
"Haha, if you were asked to take over the company's assets and debts at no cost to you, would you be willing?"
"I"
Tong Gang opened his mouth. He wanted to hold his neck and say "I can do it," but he couldn't say it.
If Golden Boy Real Estate could be saved, the two of them would not think about taking the money and running away.
"Xiao Gang, the most important thing for us now is to try to save a few years of squatting. Here in China, we should not think about money."
After saying that, he leaned into Tong Gang's ear and whispered, "I still have an account abroad, and there is a reserved fund in it."
Tong Gang looked at his elder brother in surprise, his cloudy eyes suddenly brightened.
"Brother, you are still thoughtful."
The two brothers reached an agreement, and on the other side, Lu Feng invited the leader out, and finally reached a verbal agreement with FY.
After receiving the promise of a "three-year agreement", the two Tong brothers happily signed the equity transfer agreement.
If you don’t cooperate, it will go up to 5 years.
Active cooperation, capped in 3 years.
Anyone who is not a fool knows how to choose.
Looking at the equity transfer agreement in front of him, Li Yu did not sign directly.
"District Chief Lu, why do you only own 90% of the shares? Who owns the other 10%?"
If it was a mess, Li Yu would naturally want someone to take the blame with him, but knowing that it was a gold mine and he could live alone, Li Yu would certainly not be polite.
Upon hearing Li Yu's inquiry, Lu Feng said nonchalantly:
"Oh, the remaining 10% of the shares are relatively scattered and are in the hands of a few executives of Golden Boy Real Estate Company."
"Mr. Li, this will not affect you. You are the absolute majority shareholder, and their small share will not affect our subsequent plans."
What an impact!
Why is it not affected?
Li Yu wanted to tell Lu Feng loudly that these were shares worth hundreds of millions!
It's a pity that he won't tell anyone this secret, and he can't tell it.
After pondering for a moment, Li Yu still did not sign the agreement.
"I don't like trouble. If I want to take over, I want 100% of the shares."
Seeing Li Yu's serious expression, Lu Feng expressed his pain.
"Mr. Li, we can slowly resolve the issue of the remaining shares. We are in urgent need now and time really cannot wait."
In order to illustrate the seriousness of the matter, Lu Feng told the story again about the old ladies blocking the gate of the city hall.
Only then did Li Yu understand why Lu Feng looked so anxious.
Seeing that Li Yu was still hesitating, Lu Feng had no choice but to throw out another bait and said:
"Mr. Li, I have reported your matter to the leader, and the leader approves of Mr. Li very much."
"The leader also said that Mr. Li is young and promising, and his political consciousness is high. This time when the RD representatives are replaced, more social elites like Mr. Li should be elected."
What the hell!
Li Yu didn't expect that he would get such a pie just by hesitating a little.
RD stands for!
If you want to further enter the upper class society, you don't have to use this thing, but you can't live without it.
"Okay, I signed it!"
"Ahem, District Chief Lu, it doesn't matter if you are an RD representative or not, I just can't bear to see so many old men and ladies losing their hard-earned money."
Look, this ideological awareness is so high!
Li Yu readily signed the equity transfer agreement, and also signed a four-party agreement at the same time.
Party A: Golden Boy Real Estate Company
Party B: Xinwan Bank
Party C: Xingtai Guarantee Company, which is a state-owned guarantee company under the Hefei Municipal Government and has strong strength
Ding Fang: Chenghua Real Estate
The content of the agreement is as follows:
Xingtai Guarantee Company provided the guarantee, and Xinwan Bank provided a 1.6 billion yuan project loan.
Among them, 800 million yuan was repaid to the financial management company, and the remaining 800 million yuan was used as special funds for project construction. This money was transferred to Chenghua Real Estate in batches, and Chenghua Real Estate was responsible for successfully completing the project within 3 months.
Through this agreement, the problem of repayment of financial management funds was successfully solved and the smooth completion of the project was guaranteed.
After the project is completed, Golden Boy Real Estate is responsible for selling the remaining properties of the project. All the sales proceeds will be used to repay the bank loan. Not a penny can be taken out before the loan is paid off.
Of course, the bank is not stupid. They will not allow Li Yu to delay the loan indefinitely, so the sales period is also limited:
Must be completed within 1 year.
If sales do not go smoothly within one year after the completion of the project, the bank loan that has not been repaid when due will be repaid by Xingtai Guarantee Company.
The rest is between Li Yu and Xingtai Guarantee Company.
Li Yu signed the contract readily and without any hesitation, but the several company executives who came next to him had nervous expressions on their faces.
Two days ago, they suddenly received a notice from Li Yu, saying that the company was going to take over a multi-billion real estate project.
At that time, Wu Wenbin, Zhao Fang and several other company executives suffered cerebral infarction.
real estate!
Billions!
The current assets of Moyu Technology Company are less than 100 million when fully calculated. At this time, Li Yu said that he would take over a multi-billion project, which is tantamount to an ant swallowing an elephant.
Either Boss Li is crazy, or the world is crazy.
Faced with everyone's doubts, Li Yu explained his takeover plan.
"So you don't have to worry. When I take over this project, firstly, I don't need to use any of the company's funds, and secondly, I don't need the company to recruit new people."
This acquisition plan is not an additional business segment for Moyu Technology Company, but a gamble.
The bet is on the expectation of the future real estate market.
After an emergency audit, including the newly increased loan of 800 million yuan (1.6 billion loan, 800 million repayment), Golden Boy Real Estate's assets are approximately 3 billion yuan, while its liabilities are as high as 2.8 billion yuan, and the asset-liability ratio is as high as 93.3%!
With such a high debt-to-asset ratio, Evergrande’s Xu Belt shed tears when he saw it.
Assets minus liabilities, Golden Boy Real Estate's net assets are only 200 million yuan.
Seeing this, some people may think that Li Yu took a big advantage. He was able to acquire a net worth of 200 million yuan without spending a penny!
But things cannot be calculated like this, because the 3 billion valuation is based on the normal valuation of assets under the current market conditions. If the negative impact of Tong's fraud on the project is taken into account, and a casual discount is given, Golden Boy Real Estate will
It has become a negative equity project!
At the same time, real estate is an asset-heavy project, and destocking takes a lot of time, but the bank only gives one year.
With the current deserted property market in Hefei City, if you want to clear out the 3 billion yuan worth of property, you have to jump off the building and sell it.
It is precisely because of the superposition of various factors that Xu Maolin is determined not to take over even if it is purchased for 0 yuan.
And Li Yu's current takeover behavior is seen by many people as being taken advantage of.
Seeing the worried expressions of Lao Wu and others, Li Yu had no choice but to pretend not to see it.
After the contract was signed, all parties were happy.
The Tong brothers were arrested, Golden Boy Real Estate's financial management company was seized, and thousands of families who purchased financial services are experiencing the most difficult days and nights in their lives.
Some people are taking action, such as Aunt Qian and her group. They are all retired people who are barefoot and not afraid of wearing shoes. They have been blocking doors everywhere in the past few days, just to get the leaders to come forward and solve the problem.
However, there are more people who are just working, worried and hiding in the toilet secretly wiping their tears.
After sending away the last customer looking at the car in a daze, Zhang Hui dragged her exhausted body back to the rental house.
Roommate Li Yitong saw Zhang Hui coming back with a haggard look, and asked worriedly:
To be continued...