Chapter 54 Tell me, where is my money
Nowadays, during the real estate winter, it is not just the Sihai Group that has operational difficulties, other large groups are also struggling.
For example, Yida Group.
In order to raise funds and reduce the debt ratio, Yida Group signed a gambling agreement with investors for Yida Commercial Management to be listed within 3 years.
If Yida Business Management is successfully listed, investors' money will be treated as shares.
If Yida Commercial Management fails to go public, Yida Group will need to spend money to repurchase investors' shares and pay 11.5% interest.
Yida Commercial Management's application for listing has been rejected three times in a row. Now there are only more than three months left to reach the deadline for the gambling agreement. Seeing that there is no hope of listing, Yida Group chose to sell assets to raise money to buy back the shares from investors. shares.
In order to reduce the debt ratio, Yida Group has sold everything it can. Now it only has two core industries: Yida Film and Yida Commercial Management.
Wang Xiaosen, chairman of Yida Group, has publicly stated many times that Yida Commercial Management, which controls Yida Plazas across the country, is not for sale, so he can only choose to sell equity in Yida Films to raise money.
So far this year, Yida Group has sold its equity in Yida Film three times in a row, selling a total of 20.8% of its equity and obtaining 6 billion in funds.
Now Yida Group has put the equity of Yida Film on the shelf again, and this time it is selling 20% of the equity. Based on the current market value of Yida Film, these equity interests are worth 5.5 billion.
If it can obtain this 20% equity, it will directly become the second largest shareholder of Yida Film, only one less than Yida Group. This also means that Yida Group will lose the controlling stake of Yida Film.
Anyone who understands the film market knows that the most critical factor in a film's box office is the number of films it schedules for the theater.
Because of the large number of films scheduled, the box office of many junk movies will be much higher than that of films of significantly higher quality in the same period.
The fragrance of wine is also afraid of deep alleys, and good movies must ensure a good schedule to have a good box office.
Therefore, Yang Chen focused on the 20% equity of Yida Films.
Yang Chen plans to lend the 4 billion given by Jingdong to Sihai Entertainment through Sihai Health, and then borrow 1.5 billion from Sihai Entertainment and banks to acquire 20% of the equity of Yida Film and become the second largest shareholder of Yida Film.
With the equity of Yida Films, there will be no need to worry about the lack of film schedules for movies produced by Sihai Entertainment in the future.
The so-called plan could not keep up with the changes. Yang Chen had just managed Sihai Health to lend 4 billion funds to Sihai Entertainment, but the finance department reported to him that the 4 billion funds were missing.
It happened that at this time the five presidents came together with Huang Wenbiao, the chairman of Jiangte Pharmaceutical Factory.
"Hahaha... Director Yang, the matter is done. Just take a look at the contract and sign it." Engineer Li Jun said with a smile.
Yang Chen glared at Li Jun with a straight face and said: "I'm very happy that you can help me so actively. But I don't like your behavior of doing one thing on the surface and another behind the scenes."
The smiles on Li Jun and others' faces suddenly disappeared.
"What's wrong? What happened?" Li Jun asked hurriedly.
Yang Chen patted the table angrily and asked: "Why did Jingdong's 4 billion funds that entered Sihai Health's ICBC account disappear? Tell me, where is my money?"
Li Jun was anxious and quickly explained: "I didn't move! Director Yang, you know me and I absolutely support you. How could you just transfer the money without saying hello?"
Chen Tao, the president of the commercial bank, said quickly: "Director Yang, don't worry, don't worry. President Li, please call the head office and ask. I guess it was taken away by other branches."
Wang Baoguo of the Agricultural Bank of China also said: "Yes, yes, if the guarantee is not complete, it will be taken away by the branch and returned to the creditor." Li Jun nodded and said: "It's possible, it's possible. Director Yang, don't worry, don't worry, I will call the head office now and let the head office handle it. I guarantee that the 4 billion will be returned to Sihai Health’s account. If you miss any penny, we will make up for it.”
Yang Chen took a breath and nodded to indicate to Li Jun to call.
Li Jun quickly called the head office. After asking, he learned that the money had been transferred by the Beijing branch.
The liver-protecting tablets, vitamin tablets, etc. previously made by Sihai Great Health were all sold by Yunhai Trading in Beijing. Yunhai Trading sent Sihai Great Health's products to consumers through online and offline channels.
In fact, anyone with a discerning eye can see that there is a problem here, and in fact there is a problem, because Guo Yunhai, the boss of Yunhai Trading, is a fellow villager, classmate, and co-worker of Wang Sihai. Part of the high channel fees collected by Guo Yunhai will be privately returned to Wang Sihai. , and it was deposited directly into Wang Sihai’s foreign account.
Since Sihai Group encountered a debt crisis, Yunhai Trading has been unable to receive money. Until Wang Sihai ran away, Sihai Health owed Yunhai Trading a total of 4.68 billion in channel fees.
Yunhai Trading took Sihai Great Health to court and applied for enforcement. All accounts of Sihai Great Health were monitored. As long as funds entered, the court would directly deduct it from Yunhai Trading.
The 4 billion given by Jingdong was withdrawn as soon as it entered Sihai Health's account, and is now in Yunhai Trading's account.
After figuring out the reason, Yang Chen instantly felt weak and lost his passion and motivation for work.
The man who stepped on the horse finally made 4 billion, and was about to do more important things, but the money was gone. The key is that he acted in accordance with the law and could not find fault with others.
Yang Chen rubbed his temples and said: "I want to be quiet."
Check out the 16-9 book bar to see the correct version!
"Miss Jingjing? Well, Xiao Zhao, Xiao Zhao! Come in quickly, Director Yang misses you." Li Jun said loudly.
Zhao Jing who was outside the door immediately ran in and asked: "Director Yang, please give me your instructions."
Yang Chen raised his head and looked at Li Jun, then at Zhao Jing, his face full of speechlessness.
Do you think Li Jun is very humorous?
"Put down the contract. I will read it when I have time. You all can go. I need quiet, quiet." Yang Chen said, emphasizing the word "quiet".
Li Jun and others put down the contract and walked out with heavy expressions.
Yang Chen adjusted his mood, and then called Chang Sheng in.
"Call Guo Yunhai and I'll tell him." Yang Chen said.
Chang Sheng quickly took out his mobile phone and found Guo Yunhai's number, and then dialed it.
When the call was connected, Yang Chen took it over and said, "Mr. Guo, I am Yang Chen, the new chairman of Sihai Group."
"Oh, haha... Director Yang. Hello, hello. Director Yang is so amazing. He made 4 billion just after taking over Sihai Group. However, you are still short of me by 680 million. I don't ask for interest from you, but You have to pay me back as soon as possible," Guo Yunhai said proudly.
Although the 4.68 billion channel fee is a lot, the real fee is actually less than 1 billion, and the excess is dirty money.
"I don't want to talk nonsense to you. Transfer the money to me immediately, otherwise I will send you to jail! I have always been kind to others. As long as you give me a good attitude, I will be willing to show your favor. You should know what I mean. "Yang Chen warned.
(End of chapter)