Rebirth: My dad is too obedient

Chapter 570 A Deeply Scheming Opponent

Jinfeng Business Building.

Xu Zhiquan smoked a cigarette, his expression finally turning serious.

Xu Chen and Fang Jun sat quietly, waiting for Xu Zhiquan to speak.

Xu Zhiquan was originally discussing with Fang Jun here, and didn't want Xu Chen to get involved.

Unexpectedly, Xu Chen ran over on his own, clearly wanting to know the actual situation.

Old Xu was still somewhat hesitant, after all, the problems they were facing were too serious, and he didn't want his son to have to deal with them.

However, on second thought, I realized that the truly important matters in the company over the past two years had all been discussed with my son.

Then I remembered how mature my son was in handling things, and I felt a little more at ease...

Old Xu finished his cigarette and drank a cup of tea before speaking:

"Our investigations have all come back negative, and they haven't found anything wrong with them."

It's just a matter of time.

But time is the biggest problem.

This pile of investigations is dragging on and is indeed hindering our production and operations.

In addition to the so-called economic and financial audits, there are also safety and fire safety audits, and they've even started inspecting our cafeteria...

With these things blocking the way, we can't start production.

Xu Chen: "The cafeteria?"

Xu Zhiquan: "This is too obvious and deliberate. It is clear that there is a strong purpose behind it. Someone is trying to interfere with our production and operation."

"Dragging us along..."

Fang Jun looked up at Lao Xu, seemingly wanting to say something but holding back.

Old Xu put another cigarette in his mouth:

"It's alright, go ahead and speak."

Xu Chen should know this too.

Fang Jun remained expressionless and spoke:

“We can’t afford to delay any longer; what we fear most is ‘dragging things out.’”

Several banks that were providing financing have already heard the news, and the previously discussed 'debt extensions' have been halted, and new loan approvals are now subject to re-examination.

The most pressing issue right now is that a mountain of mortgage debt from banks is about to pile up...

There are also outstanding payments to suppliers, with the settlement date at the end of March. We were hoping for new financing to come through.

Xu Zhiquan finally frowned and spoke:

"What's the number?"

Fang Jun: "The amount of debts due and payments owed to suppliers, added together..."

We need 30 million in cash this week.

Two weeks later, on March 5th, four bank mortgage debts totaling over 3 million yuan were due to mature.

Then, even greater pressure came at the end of March, when the debts owed to several financing institutions, plus payments owed to suppliers, totaled over a billion yuan…

Xu Chen gasped inwardly, but he didn't say anything.

Such a large sum of money did indeed shock Xu Chen.

However, after a little thought, they all seemed reasonable.

The infrastructure construction of the two industrial parks, the introduction of three production lines, especially the two from Yamaha of Japan, the production investment of one million electric vehicles, and the recruitment of talent over the past year...

There were also early investments in "Ranbing Sports" and investments in Lifeng Shoes, among others.

Xu Zhiquan remained silent for a long while before speaking:
"The 30 million this week shouldn't be a problem."

I can borrow money from friends to scrape together the funds. We can hold onto our current cash flow to cover basic employee salaries, utilities, and the like during the shutdown.

He paused:

"I'll contact Jiang Huaqin about the 100 million in two weeks."

He still owes us some payments for goods, and some cars are still in his warehouse unsold.

But in this situation, he should have stepped in to help...

As for the debt at the end of March, if Wu Yongming lands safely, we can resume work and production here.

As long as work and production can resume, then there shouldn't be any major problems with banks extending their debts and obtaining new financing.

Fang Jun: "The question is, can Wu Yongming get things sorted out before the end of March?"

The problem remains the same: Wu Yongming can afford to drag things out, but Chenfeng Technology cannot.

Xu Chen frowned and thought for a moment:
"So, is taking action against Wu Yongming actually a ploy to target us?"

Fang Jun: "What do you mean?"

Xu Zhiquan took a drag of his cigarette:
"I believe in Wu Yongming's character and principles; he won't have any problems."

I think others would have the same feeling...

But this investigation proceeded openly, perhaps they really were using Wu Yongming's case to stall for time at Chenfeng Technology.

Fang Jun frowned, his expression growing increasingly grim.
"And if the other party knew about our debt situation in March..."

Xu Zhiquan: "They deliberately chose this particular time to launch the attack, with the aim of delaying the maturity of our various debts in March."

They're using this opportunity to crush us.

Xu Chen: "Who is it?"

Xu Zhiquan shook his head: "I don't know."

He exhaled a puff of white smoke: "But since the other side has created this situation, they will eventually jump out."

Xu Chen: "To be able to get my hands on Wu Yongming, I'm afraid..."

Xu Zhiquan nodded: "I'm afraid they are the most difficult opponent I've ever encountered."

Fang Jun: "Our competitors, Aibang and Shenbiao, as well as Yajie and Suyi in the south, all know that we are about to move south..."

Or perhaps it's one of the investors who previously discussed investment or acquisition, like BlackRock and Changfeng?

Xu Zhiquan hesitated for a moment: "It's hard to say."

Fang Jun: "Thirty million can be done, even if one hundred million can be done in two weeks, there are still tens or nearly two billion left..."

If the other side is clearly trying to stall us, then the problem is extremely serious.

Xu Chen: "What will happen?"

Fang Jun: "Most of the debts of banks and several institutions are mortgage debts."

If we are unable to repay the debt by the due date, we will either have to sell our assets at a loss to pay off the debt, or the bank will simply seize the mortgaged assets.

She paused:

"Including everything currently in both parks..."

Xu Chen: "..."

Fang Jun looked at Xu Zhiquan:
"Continuing to negotiate investment with BlackRock and Changfeng is one possible path."

But if they are the ones pulling the strings behind the scenes, then they're playing right into our hands.

The estimated offer for the investment or acquisition will be ridiculously low.

Xu Zhiquan was silent for a moment, having already finished another cigarette:
"Time is both a cure and a poison..."

Regardless, I need to secure the 30 million first and pay off this week's debts.

"I'll contact Jiang Huaqin about the 100 million in two weeks."

Xu Chen looked at Fang Jun: "What about the accounts of 'Dongchen Advertising' and 'Ranbing Sports'?"

Fang Jun shook his head:

"A drop in the ocean."

'Dongchen Advertising' doesn't have much money left now; the original funds have been transferred to 'Ranbing Sports'.

'Ranbing Sports' has achieved positive cash flow, but it doesn't have much working capital.

They're basically all paying off debts incurred from initial productive investments.

Xu Chen: "..."

Fang Jun added, "'Chenxin Nursery' actually still has funds in its accounts."

However, those projects involving public funds cannot be undertaken.

Furthermore, with a sum of over a billion yuan, it's barely enough to fill a gap in the ocean.

Xu Zhiquan: "Don't panic."

There is also time, and time is space…

……

……

In the following days, the "working group" remained stationed at the "Chenfeng Park".

The main management team, including Xu Zhiquan and Fang Jun, are also cooperating accordingly.

Old Xu hasn't been home these past two days either. But he hasn't been sleeping in the "Chenfeng Park" either; instead, he's been spending the night in the "Jinfeng Building."

……

That evening, Xu Chen drove to the "Jinfeng Building".

Upon arriving at the office on the eighth floor, they found Xu Zhiquan, Fang Jun, and Yang Congxin gathered together again.

"I brought some braised beef and dumplings!" Xu Chen was carrying two insulated bags.

Xu Zhiquan chuckled: "Perfect timing, I'm still hungry!"

Yang Congxin had already stood up and taken the food from Xu Chen's hands.

Fang Jun looked at the dumplings and braised beef laid out and blinked his large, single-eyelid eyes.

Xu Zhiquan smiled knowingly:
"I've hidden a few bottles of wine here, let's have a couple of drinks!"

"Great!" Fang Jun's eyes lit up.

There was less than half a bottle of Guojiao left, so Xu Zhiquan took an extra bottle of Mengzhilan M9.

Old Xu still prefers strong-aroma baijiu, and his daily staples are basically Luzhou, Yanghe, and Wuliangye.

He looked at the two bottles of wine in his hands, probably thinking that the half-full bottle of Guojiao was too little, so he simply opened the bottle of Mengzhilan.

There were wine glasses readily available in the reception room, which Fang Jun had already found and placed four side by side on the table.

Xu Zhiquan poured the wine with a smile:

"Dumplings and wine, the more you drink, the better!"

Old Xu poured a glass of wine for everyone.

Xu Chen: "I still have to drive tonight!"

Xu Zhiquan: "You'll sleep here tonight."

"I've already arranged pick-up and drop-off for Teacher Fang Jun and Director Yang."

Xu Chen: "Oh..."

The pungent liquor enters the mouth, but leaves a lingering, mellow aroma after swallowing.

Paired with chewy braised beef, it is indeed a delight to the palate.

The four of them ate dumplings and beef in silence, and before they knew it, they had downed four or five cups of wine.

Fang Jun was already all smiles after drinking.

Yang Congxin is not a drinker, but he showed no stage fright today and accepted all offers without hesitation.

……

The four of them drank for a full forty minutes.

After a hearty meal, no one bothered to clean up.

He casually pushed the leftover food and cold dishes aside, and then prepared hot tea and good cigarettes.

That's when we started talking about serious matters again.

Xu Zhiquan has already managed to raise the 30 million yuan debt that is due this week.

We scraped together some funds from the company's current accounts and borrowed some more through Lao Xu's personal connections, so getting the 30 million shouldn't be a problem.

Fang Jun began to speak:

"There's still 100 million left, and that's due soon too."

Xu Zhiquan frowned, finally revealing a worried and troubled expression.

He paused and said:
"There is indeed someone watching 'Morning Breeze'."

Fang Jun: "What do you mean?"

Xu Zhiquan: "The only thing I could think of to do was borrow that 100 million from Jiang Huaqin."

In my network of contacts, the only person who would trust me enough to take out 100 million yuan in such a short time is Jiang Huaqin.

After all, 'Dai Tuo' and 'Chen Feng' are currently deeply intertwined.

"We rise and fall together; Jiang Huaqin had no reason to refuse."

Fang Jun: "He refused?"

Xu Zhiquan shook his head: "It's not a rejection."

He's also stuck there; his cash flow has been frozen.

Yang Congxin: "Huh?!"

Fang Jun frowned: "What's the reason?"

Xu Zhiquan: "Xu Chen knows a little about this matter."

When Jiang Huaqin first made his fortune, he skirted the edges of the rules and took some risks.

In fact, under the market rules at the time, it was all legal and compliant.

Many people did this back then, it wasn't just Jiang Huaqin...

But this matter was also a thorn in Jiang Huaqin's side. Previously, for the "Red Star Erguotou" project, Jiang Huaqin had gone to great lengths to appease Meng Huiyang and his father-in-law precisely because of this old issue.

He paused:

"The matter had already been resolved, but for some reason, it has been brought up again."

So, the situation at 'Da Tuo' is now similar to ours..."

Fang Jun remained silent, his expression growing increasingly grim.

Xu Zhiquan: "Actually, it's not just the 100 million that's due next week; I originally wanted to ask Jiang Huaqin for help with the remaining billions as well."

Don't let his quiet demeanor fool you; he actually has enough money on him.

But under the current circumstances, Jiang Huaqin simply cannot withdraw any funds from his account.

Fang Jun: "So, it's obvious that this is aimed at 'Morning Breeze'."

Xu Zhiquan nodded:
"We don't know who our opponent is, but they clearly have a deep strategy and are very familiar with us."

They knew about 'Chenfeng's' debt situation and that we had over a billion yuan in debt that needed to be extended and repaid before the end of March.

That's why they deliberately chose this time, using Wu Yongming's matter to drag 'Chenfeng' into a crisis.

They seemed to know that 'Da Tuo' and 'Chen Feng' were deeply intertwined, and that Jiang Huaqin was the only one who would do everything in his power to support us.

This revealed Jiang Huaqin's secrets from earlier years, dragging him into a precarious situation.

With Jiang Huaqin preoccupied with his own problems, there's no way he'd offer us any help.

Everyone remained silent; the situation had indeed become extremely dangerous.

Yang Congxin thought for a moment and then said:

So who exactly is the opponent?
Competitors, or is it entirely because of Wu Yongming?
What I mean is...using 'Morning Breeze' to bring down Wu Yongming?

Xu Zhiquan: "I have some news on my end..."

However, it's unclear whether this is related to 'bringing down Wu Yongming.'

Upon hearing this, the other three put down their teacups and looked at Xu Zhiquan.

Xu Zhiquan: "I used to have a business friend named Huang Furen, you should all have heard of him."

When Huang Furen acquired the Guangming Factory, he caused quite a few messy and troublesome things.

However, in the later stages of our acquisition of 'Guangming Factory', we did help out privately and provided behind-the-scenes information.

This person's character is not trustworthy, so I haven't had any business or financial dealings with him for a long time.

However, he has a wide network of connections and is well-informed, so we still have some private contact and mutual assistance, and he often asks me for help in business.

However, due to some business avoidance considerations, I no longer had any public contact with him.

Even when dealing with outsiders, they deliberately acted somewhat distant...

These past two days, Huang Furen suddenly found me and told me that someone was asking about me.

He was a businessman from the south named Chen Boxin.

Huang Furen could tell from Chen Boxin's words that he was thinking about 'Chenfeng Technology'.

According to Huang Furen, "Chen Boxin's tone sounded very frightening."

They've actually started inquiring about the specific assets of the 'Chenfeng' industrial park, as if they're waiting to take it over.

Huang Furen sensed something dangerous and secretly told me about it.

I asked someone to investigate carefully, and it turns out that behind Chen Boxin is an investment company called 'PanShi Capital'.

Upon further investigation, it was discovered that this "Rock Capital" and "Changfeng Investment," which had previously discussed investment with us, share the same two owners.

They can be considered to be from the same company.

Fang Jun: "So it's someone from the capital side..."

They've set their sights on 'Chenfeng Technology,' a lucrative target.

Xu Zhiquan: "Among the investments of 'Rock Capital' is 'Speed ​​Wing Electric Vehicle,' which is currently the second largest electric vehicle brand in the country and located in the south."

……

(End of this chapter)