Tycoon: I can see the goddess's wish list

Similar to company bankruptcy issues, if this were ten years ago, or twenty years ago, employee salaries should be the last problem to solve, but in today’s era, employee salaries must be dealt with first.

So the six million must be paid.

Then their company is left with only a value of thirty-four million.

Plus the debt repayment, various odds and ends, Tangya’s loaned out money, losing around 100 million is about right.

However, Luofeng found a problem.

This company’s total valuation is only forty million? That can’t be right, can it?

Luofeng had looked at the data on this company, sent by Zhongyi Tang, just the land value alone should exceed two hundred million, so why is the total valuation only forty million?

Plus the factory production lines and whatever else? Together it should be worth three hundred million without a problem.

Luofeng: What kind of collateral did this company use to take out so much money from your company?

This question is very crucial.

Banks are not charity organizations, to take out so much money, you must have collateral worth more than the loan amount, right?

Tangya: A two hundred million dollar export order, totalling 43,000 motorbikes. But there was an incident with this order, so it was postponed.

Luofeng: Since there is a collateral, and it’s worth two hundred million, isn’t it a good thing they went bankrupt?

Honestly, motorbikes at sixty to seventy percent off, Luofeng thinks they can be sold pretty easily.

Because this is the collateral, for example, if a motorbike is sold at 100 bucks per unit, it certainly can’t be accounted to the bank at 100 bucks, it can only be accounted at cost price.

After Luofeng sent the message, Bai Ningbing put down the menu, "I’ve chosen the dishes."

Only then did Luofeng put down his phone and call the waiter over.

"Do you think this is enough?" Bai Ningbing asked.

Luofeng nodded and said, "It’s enough, if it’s not, we’ll order again later, we must not waste!"

"En en!" Bai Ningbing nodded, looking at Tangya, "Mom, are you handling work?"

Even though Bai Ningbing saw the two were engrossed in playing with their phones.

But for Luofeng, answering messages related to work while waiting for food is quite normal.

Luofeng knowingly asked, "Auntie, is there a problem at work?"

Inside, Tangya smiled bitterly and cooperatively said, "We have a problem with the collateral for a loan!"

"Oh? Could you explain further?" Luofeng asked.

Bai Ningbing curiously looked at Tangya.

Tangya was silent for a few seconds before she began, "Yifan Power Company produced a batch of motorbikes for export, but there was a problem with the order, the specific reason is these motorbikes do not meet environmental standards, cannot meet the order’s requirements, nor can they meet our national environmental law demands."

Luofeng understood after hearing Tangya’s words.

Technical fraud.

So that’s the situation.

It seems their bank was deceived.

Even though Yifan Power provided collateral worth two hundred million, these motorbikes did not meet environmental standards, naturally, they can’t be sold in Daxia.

It’s quite a headache to handle.

Luofeng said, "Since the collateral has issues, then take legal action, have Yifan Power replace the collateral with something else, like the land usage rights for their production base?"

Tangya shook her head and said, "Their land has already been mortgaged to the neighboring bank!"

Luofeng was speechless.

This company still has loans?

And the land is already mortgaged?

Isn’t this way too aggressive?

"Currently, their company’s assets are just two production lines, the company’s own brand, besides that, relevant technology property rights, production base land usage rights, and factory buildings, office buildings, etc., have long been mortgaged away by them." Tangya said.

"Although there are over sixty thousand motorbikes in their warehouse, they are involved in emission standard technical fraud, so they simply cannot be sold domestically." Tangya continued.

"This time it’s not just our bank being deceived, the neighboring Modu Bank was also deceived out of fifty million, and the collateral is twenty thousand motorbikes in the warehouse." Tangya continued.

Bai Ningbing expressed her naïve style, "Ah, this Yifan Power is too mischievous, they tricked so many people, they must be raking it in."

Tangya and Luofeng were inwardly speechless.

"Cough cough!" Luofeng coughed a few times, reminding, "Auntie is responsible for this company’s loan project, right?"

"Yes, I’m responsible for this loan, that’s why it’s very troublesome now!" Tangya said.

Bai Ningbing also became nervous.

She realized the seriousness of the situation.

Luofeng said, "Since the motorbikes don’t meet standards, can we modify the technology to meet standards?"

"It’s not that simple!" Tangya said with a sigh.

"It’s certainly not that simple, if it were easy to meet the standards of the environmental law, why commit technical fraud?" Luofeng said with a laugh.

Precisely because the technology is not up to par, they committed fraud.

Luofeng analyzed, "Currently, the most valuable land of this company is mortgaged, the motorbikes in the warehouse are also not up to standard, so Auntie has to take the blame this time, right?"

Luofeng remembered a cartoon’s famous line, Auntie, you wouldn’t want to just lose your job like that, right?

Cough cough cough...

Bai Ningbing became worried, "Is Mom taking the blame this time?"

Tangya said, "It’s not about taking the blame, but the responsibility indeed lies with me because I handled this loan!"

Tangya did not complain about anyone, she voluntarily took responsibility.

Bai Ningbing looked at Luofeng, "Luofeng, is there a way to solve this?"

"Of course there’s a way!" Luofeng said without even thinking.

Tangya was slightly stunned and couldn’t help but ask, "What solution could there be?"

Bai Ningbing also curiously looked at Luofeng.

"Actually, there are quite a few solutions, like our Jiamei has the full capacity to acquire Yifan Power, naturally it can take over Yifan Power’s debt issues." Luofeng said with a smile.

Tangya firmly rejected, "That won’t work, this is a trap for you all, Yifan Power’s debt is simply too much."

Bai Ningbing also agreed, "This mess is indeed better not to take over! Any other solutions?"

Luofeng nodded and said, "There are other solutions, that the bank should execute the loan agreement, reclaim the collateral of thousands of motorbikes, this can be done, right?"

Tangya said, "Of course it can be done!"

According to the contract between the bank and the company, when the other party is unable to repay, it’s permissible to seize the collateral.

However, these motorbikes do not meet the environmental standards at all.

Which results in them being unsellable within Daxia.

The bank takes possession of the motorbikes, but it’s of no use, can’t possibly let them rot on hand, right?

Although the bank may have difficulty, for Luofeng, it’s actually not too hard to handle.

This batch of motorbikes simply does not meet domestic environmental standards, but if placed in many places in Southeast Asia, they would be top-tier motorbikes.

It’s quite a coincidence, Luofeng happens to have very strong influence over there in Southeast Asia.

Especially in Siam, Luofeng has a high level of control there.

Plus, Siam is also a major area for motorcycle consumption, right?

These tens of thousands of motorbikes going into Siam is not an issue whatsoever.

Luofeng can even make some money from it.

"Auntie, my friend has motorcycle sales channels over there in Siam, we can transfer these thousands of motorbikes over there, whether it’s import-export issues, or local distribution problems, my friend can handle it!" Luofeng said.