A song from Chengdu revived a closed-down pub.

Just then, footsteps suddenly came from outside the study.

Immediately afterwards, there was a knock on the door.

Judging from the voice, it's Ye Sicheng who's back.

Ye Wangcheng glanced at the old man and stopped talking.

Ye Beichen returned to his desk and sat down, saying, "Come in."

The door opened, and Ye Sicheng strode in.

Seeing Ye Wangcheng there, Ye Sicheng was slightly taken aback: "Big brother, you're here too?"

"Just got here," Ye Wangcheng asked. "How's things going at the company?"

Upon hearing this, Ye Sicheng's expression immediately darkened: "It's not going too smoothly."

"What's wrong?"

Ye Sicheng sighed and said, "The investment fund that Ye Xuan set up has had its account unfrozen, and the preliminary investigation by the regulators has also yielded results."

"How so?"

"The flow of the remaining funds in the domestic account has been basically clarified, but the money that was transferred out earlier probably cannot be recovered in the short term. Some of it was transferred overseas through false purchases and related transactions, and some was broken into many transactions and entered the stock market through institutional accounts. After going through several detours, its destination is very complicated."

The Ye family was already mentally prepared for this.

Therefore, Ye Beichen did not seem too surprised when he heard the result.

What he was really concerned about was something else: "What about those who invested money?"

Ye Sicheng gave a wry smile: "They've already come knocking. This morning alone, seven or eight groups of people, and more than a dozen other companies, have come. They've already had their lawyers send formal letters demanding that we return the principal, pay the returns, and provide compensation for breach of contract, in accordance with the agreement."

Ye Wangcheng said, "Can't this matter be delayed?"

Ye Sicheng sighed: "Previously, the regulatory authorities froze the account, and the specific issues with the fund were not yet determined. We could ask them to postpone the recovery process by cooperating with the investigation. But now, the account has been unfrozen, and the investigation results are out. The fund did indeed have illegal fund transfers, and the original investment projects were not carried out according to the agreement at all."

Ye Sicheng took out several documents from his briefcase and placed them on the desk, saying, "The most troublesome thing is the agreements Ye Xuan signed with them. On the surface, it's an investment fund, but in order to raise enough money in the shortest time, Ye Xuan not only promised returns far exceeding normal levels, but also signed performance-based agreements with several of them. The agreements stipulate that if the project fails to be implemented within the specified period, or if the fund faces significant operational risks, investors have the right to demand early withdrawal. At that time, not only will the principal be fully refunded, but the agreed returns, capital occupation fees, and a substantial amount of breach of contract compensation will also be paid."

Ye Wangcheng picked up one of the agreements and flipped through a few pages.

The more he looked, the uglier his expression became: "How did this guarantee end up on Tengfei's head?"

Ye Sicheng explained, "Ye Xuan borrowed the credit of the Ye family and Tengfei. That fund management company didn't have a high registered capital. If it were just Ye Xuan's personal name, no one could possibly come up with so much money at once. So, he claimed to the outside world that this was a project led by the Ye family, and he also had two companies under the Ye family provide shortfall compensation and repurchase guarantees for the fund. Several of the agreements not only had the company seal but also the signatures of the relevant persons in charge at the time. Now, that fund management company doesn't have enough funds to repay, so those people naturally took the agreements and went to Tengfei Group."

Ye Wangcheng asked, "Were these guarantees signed by Ye Xuan without his consent?"

Ye Sicheng said, "Some cases did not complete the company's internal procedures, and we can indeed raise objections based on authorization and procedures. However, there are also a few cases where the procedures were completed in a very complete manner. Ye Xuan was obviously prepared in advance. He used his position in the Ye family and the convenience of his previous management of investment business to complete almost all the missing procedures. If it really comes to court, we may not lose all the cases, but it is absolutely impossible for us to shirk all responsibility."

The study fell silent for a moment.

Ye Beichen picked up the agreements and looked them over one by one. After a while, he asked, "How much is missing in total?"

Ye Sicheng said, "The principal and various fees stipulated in the agreement that have already been requested for repayment amount to more than 500 million yuan. If other people follow suit and the compensation in the betting agreements is also included, the final amount may double."

Ye Wangcheng frowned: "How much cash can Tengfei come up with right now?"

Ye Sicheng said, "Most of the money in the company's accounts corresponds to ongoing projects. The funds that can be readily mobilized are less than 300 million yuan. If we withdraw all the cash from our subsidiaries, we can indeed raise some money, but that would mean that several projects in production would have to be stopped. Once the projects are halted, the platform and partners will also pursue breach of contract liability, which would be like robbing Peter to pay Paul."

Ye Sicheng sighed and continued, "Moreover, those people have obviously colluded. The groups of people who came to the company today, seemingly one after another, all put forward almost the same conditions. They all demanded that we come up with a complete repayment plan within ten working days. If we cannot pay the money by the deadline, they will simultaneously file lawsuits, apply for property preservation, and freeze Tengfei's equity and assets. If things escalate, the banks, partners, and other shareholders will all be uneasy."

This is the real crisis facing the Ye family.

One billion yuan, while not a small sum, is not enough to bring Tengfei Group down immediately.

But what the capital market fears most is never an isolated debt.

Rather, it was this debt that triggered a chain reaction.

Once creditors launch a concentrated attack, banks tighten credit lines, partners suspend projects, and shareholders sell off their shares, even the largest company can be completely dragged down in a short period of time.

Ye Beichen pondered for a moment, then asked, "Have those scoundrels who wanted to acquire Tengfei's shares made any moves?"

"Not yet." Ye Sicheng paused, then said, "However, the quieter things are, the more suspicious I feel. The account was only officially unfrozen this morning, and those people came to the company together at noon. The timing is too coincidental. I suspect that someone has been watching this matter closely, just waiting for the account to be unfrozen so that they can completely ignite the situation."

Ye Beichen snorted coldly: "It's not a doubt, it's a certainty. Although Ye Xuan is ruthless, he doesn't have such great ability to transfer funds, sign gambling agreements, and find someone to complete the formalities for him. Such a big game cannot be a scheme that Ye Xuan could come up with on his own."

Ye Sicheng nodded: "I have had people re-examine every single fund transaction and are also investigating who handled those agreements. There must be people within the company working for outsiders."