After divorce, I can hear the voice of the future

Chapter 850 Hengtai's Thunderous Outburst
"Wow, this is the first time I've ever calculated a financial report like this?"

"Aren't the China Securities Regulatory Commission, the China Banking Regulatory Commission, the Hong Kong Stock Exchange, and the Market Supervision Bureau going to do anything about it?"

"So, maintaining a cash flow reserve of over 200 billion yuan year after year is just to keep us happy?"

"Where's the money? Where did it all go? We must investigate thoroughly!"

Since Xu Jiayin held a press conference to inform the public of the true financial situation of the group.

The news spread like wildfire, instantly topping the trending searches across the internet and sparking heated discussions among millions of netizens.

Given the severity of this news, if it were ranked, it would definitely be among the top three events since the reform and opening up.

After all, the 2421 billion yuan cash flow that Hengtai Group used to talk about every day was basically an inflated figure.

If it weren't for the recent successive transfers of Hengchi Automobile, Ocean Flower Island, and the sale of a large amount of land reserves, which yielded 989 billion yuan, Hengtai's actual cash flow would only be 72 billion yuan.

The actual cash flow of 72 billion yuan is 2349 billion yuan less than the 2421 billion yuan cash flow that is always mentioned.

Taking LeEco as an example, even at its peak market value, this difference would have been enough to buy two LeEco groups completely, with some money left over.

“The sky has fallen. I bought Yuhu Tianxia, ​​but construction stopped six months ago. At that time, I had a bad feeling.”

“Our company is a supplier for Hengtai. The belt supplier has not paid us for the goods for a year. We have been paying for them in advance, and now we can hardly hold on anymore.”

"If the financial statements are fabricated by more than 200 billion yuan, what about the assets? What about the liabilities?"

"Outrageous, appalling, more than two trillion in debt?"

"Last year's richest man? This year's most indebted man!"

Like pulling up a radish and bringing out the mud, the fact that Xu Jiayin disclosed the false financial report has led to a series of problems, as if a building is about to collapse, and what will fall will not only be the building, but also kill a lot of people.

The stock price, already halved after a sharp drop due to the transfer of Hengchi and Ocean Flower Island shares and the sale of a large amount of land reserves, has been halved again.

As of the 24th day of the twelfth lunar month, it is the Lesser New Year in the South.

In just one week, five working days, Hengtai Group's market value plummeted from a high of 5500 billion to 2090 billion, a cumulative drop of -65%.

On the same day, hundreds of suppliers and homeowners from all over the country came to Hengtai Center in Guangzhou and blocked the entrance with banners.

"President Lu, did you see that?" Xu Jiayin looked at the ground expressionlessly, at the dark mass of people and more than a dozen police cars with flashing red and blue warning lights to maintain order.

Lu Liang smiled calmly: "Doesn't President Xu feel a long-lost sense of peace?"

Old Xu should thank him, even though he was exposed for falsifying financial statements and having more than 2 trillion yuan in debt.

However, Hengtai currently has over one trillion yuan in assets and over one hundred billion yuan in existing cash flow.

If handled properly, given the current real estate boom, the bubble can definitely be squeezed out, allowing Hengtai to land safely and avoid a complete collapse.

Old Xu remained silent. After all, the weight that had been hanging over his heart for many years had finally been lifted, and he did feel a sense of relief.

"President Xu's determination to proactively deleverage is truly admirable and worthy of emulation by others."

Lu Liang smiled and showered Xu Jiayin with praise, almost giving her a thumbs up and calling her a great man.

Although he forced him to do it, Xu was over fifty years old and the former richest man. He couldn't be forced to kneel and kowtow while being ridiculed. He had to be given a way out.

Lu Liang pondered for a moment and said, "President Xu, Tianxing Financial should be Hengtai Group's largest single creditor, right?"

Xu Jiayin hummed in agreement, waiting for Lu Liang to continue. Lu Liang then said, "To support Hengtai Group's determination to deleverage, Tianxing Financial is willing to publicly announce a five-year interest-free period for this $90 billion loan to help Hengtai Group overcome this crisis."

Xu Jiayin was taken aback and couldn't help but ask again, "President Lu, even now, you still won't say why?"

The two most crucial elements in Lu Liang's statement are 'public announcement and five-year interest-free period'.

As he said, the $90 billion loan is the largest single debt owed to Hengtai Group to date.

The amount is equivalent to RMB 621 billion. Lu Liang is willing to give Hengtai five years to repay it slowly. If other creditors know this, they will definitely feel more at ease.

At least they won't be like they are now, rushing to headquarters to collect debts, afraid that if they arrive late, they won't get their money.

Lu Liang pondered for a while, then said softly, "Just consider it an overabundance of my sympathy, unable to bear seeing you, President Xu, dedicate half your life to the real estate industry, only to end up disgraced."

Xu Jiayin remained silent for a long time.
He knew that Lu Liang was not exaggerating.

If Hengtai hadn't exploded, even he couldn't have imagined the situation would become so serious.

This is still under the premise of having the support of Tianxing Financial and owning half of Xiangjiang Real Estate.

If neither of the two unforeseen factors mentioned above were to occur, Hengtai would eventually be unable to conceal its problems and be forced to expose its wrongdoings. At that point, being utterly disgraced would be considered the best outcome.

Besides the responsibility of Hengtai, Xu will likely be burdened with a bunch of unfounded debts and perish along with the Hengtai Group.

"I am deeply grateful and will not thank you enough. If there is anything I can do for you in the future, please do not hesitate to ask," Xu Jiayin said in a deep voice.

Lu Liang didn't respond, but instead asked, "President Xu, when would you like Tianxing to announce this news?" "It's only a few days until the Spring Festival, let's wait until after the New Year. I need to put on a show first," Xu Jiayin said.

Since deciding to follow Lu Liang's orders and take the initiative to burst the Hengtai bubble, he had already made a meticulous plan.

For example, first sell Hengtai's most promising Hengchi project and the Ocean Flower Island project to obtain sufficient cash flow.

1061 billion yuan, though insignificant compared to the more than two trillion yuan in debt, is not a small amount. It is enough for Hengtai to cope with some of the responsibilities that it cannot shirk or reduce.

For example, repaying some suppliers' payments and ensuring the smooth delivery of some residential communities could temporarily quell public anger.

Even if Hengtai is sold off completely, there will still be more than one trillion yuan in debt, which requires the help of various sectors of society.

He just wanted to get help from all sectors of society, and he even needed to put on a show to let people know that as long as he was alive, there was still hope, and even if it was 100 or 20, it was still money.

If you drive him to his death, you'll have nothing left.

"Mr. Xu, take it easy, don't let this charade become real."

Lu Liang chuckled, instantly realizing that Lao Xu was planning to stage a self-inflicted injury.

Although it's a rogue act and unfair to creditors such as suppliers and property owners, that's just how the world is—those who owe money are the ones in charge.

Just like Lao Xu said, paying back 20 out of 100 is at least repaying some money, which is much better than not repaying a single penny.

"Don't worry, Mr. Lu, I know what I'm doing."

Xu Jiayin smiled and looked at the open-air balcony by the side door of the office, which would be his stage for the next performance.

"Let's talk again if anything comes up."

After ending his call with Lao Xu, Lu Liang couldn't help but chuckle. He went back inside and picked up his eldest daughter, who was playing with toys on the floor.

"Have you packed your things?" he called into the house. Nanfang Xiaonian and his family were also preparing to set off to return to their hometown.

Lu Liang always treated everyone equally; he spent New Year's Eve with Li Manli, and during the Spring Festival holiday, he took Su Wanyu home.

Although Wang Chuting was neglected, since the end of her postpartum period, her maternal glow has faded rapidly, and she has picked up the persona of a leading lady again, working hard for the MCN studio.

The main reason was that Lu Liang agreed to give Wang Chuting an exclusive interview after the New Year, becoming the first guest to return for the Hall of Fame series, which finally calmed his resentment at having to spend the Spring Festival with his mother.

"Alright, let's go." Su Wanyu smiled, wearing a light blue dress, a pink hat, and a white cloth crossbody bag. She was very well-maintained and did not look like she was five months pregnant with her second child.

Perhaps she didn't want to think too much, or perhaps Lu Liang had protected her very well; her eyes remained clear, as innocent and carefree as a young girl's.

Lu Liang carried his eldest daughter and held Su Wanyu's hand as they headed downstairs to catch their car. As they walked, he asked, "Don't your parents have any objections to us not visiting your home this year?"

"No. My younger brother got a girlfriend and he's bringing her home to meet us this year, so we're not going to cause any trouble." Su Wanyu took out two pink hats, one big and one small, from her bag and put them on Lu Liang and the little guy respectively.

"Shiyu, can you take a picture for us?" She handed her phone to Fang Shiyu, then stood next to Lu Liang and made a peace sign.

"How is Yu Chen doing lately?" Lu Liang suddenly thought of Su Wanyu's younger brother. He hadn't inquired about him for a while and wondered if he was getting used to working in the system.

"Work must be going quite smoothly, otherwise I wouldn't be in the mood to date."

Su Wanyu looked down and teased the little one in Lu Liang's arms: "Baby, you're going to have an aunt soon, aren't you happy?"

"Happy~"

The little guy grinned, revealing his eight tiny baby teeth.

When she's happy, she dances around excitedly, which results in Lu Liang getting slapped twice more on the chin.

Lu Liang was in so much pain that his teeth were chattering. The seventeen-month-old baby already weighed 20 pounds, so a slap was quite heavy.

"Tell me quickly, do you have a problem with me?" Lu Liang said sternly, lifting up the little one. Father and daughter looked at each other.

He noticed that every time he held the little one, he would get slapped a few times—this time, the last time, and the time before that.

"Ba ba~" The little one laughed, thinking that Lu Liang was playing with her, kicking her legs and waving her arms for a hug.

"I just can't do anything with you."

Lu Liang was soft-hearted and sighed helplessly. He was completely under Lu Liang's control and could only pick up the little guy and put him on his shoulder.

Su Wanyu chuckled and couldn't help but laugh out loud: "Brother Liang, I never thought you'd have a day like this."

Suddenly, a large hand pinched her cheek.

Lu Liang said fiercely, "Still laughing? You can't control the younger ones, but do you think I can't control the older ones?"

Su Wanyu puffed out her cheeks, flicked away Lu Liang's fingers, and proudly stuck out her belly: "I'm pregnant."

Lu Liang was speechless for a moment, then sighed and said, "Let's go, get in the car, let's go back."

(End of this chapter)