back home as anchor

Chapter 372 Recovering Loans
Huo Yingming knew it, but Li Wengao couldn't explain it clearly.

"Call Yu Dezhi!"Huo Yingming said angrily.

Li Wengao felt relieved, and hurried out to find Yu Dezhi.

"Chinese Merchant Bank, what's going on?"

Facing Huo Yingming's questioning, Yu Dezhi felt a little guilty.

It has been almost a year since he took over the Fuxing Group, not only failed to lead the Fuxing Group to rise again, on the contrary, he was approached step by step by well-known drinkers.

Make him very embarrassed.

Now he is being urged by the bank. Such a thing has never happened in Fuxing Group.

"Mr. Huo, this time the Chinese Mercantile Bank is very firm. I have already found a relationship, and there is no way to accommodate." Yu Dezhi said in a low voice.

After so many years of ups and downs in the mall, Yu Dezhi naturally has his own contacts.

As soon as the Chinese Merchant Bank's notice was delivered to the Fuxing Group, Yu Dezhi immediately used his relationship to change the Huashang Group's decision.

It's just that Chinese Mercantile Bank is determined to take back the loan this time, no matter what kind of benefits Yu Dezhi promises, there is no way to change Chinese Mercantile Bank's mind.

"Is there nothing we can do?" Huo Yingming said with a sullen face, "We have cooperated with China Commercial Bank for so many years and have always had a good relationship. How could they suddenly do something like this!"

"Mr. Huo, I heard that this matter was ordered by the higher-ups, and it may have something to do with your investment!"

This news was disclosed to him by Yu Dezhi's internal relationship in the Chinese Commercial Bank.

Hearing this, Huo Yingming's expression changed.

Although the abuse of him on the Internet is overwhelming.But Huo Yingming didn't take the netizens' abuse seriously at all.

A group of dicks are not on the same level as him.

Let them scold a few words, it will not affect anything.

But if it involves the high-level of Huaxia Kingdom, then things will be a big deal.

"Is your news reliable?"

"Well, I got news that not only Chinese Commercial Bank, but also other state-owned banks have been notified to withdraw their loans to Fuxing Group."

Huo Yingming's face turned pale.

Fuxing Group's loans from major state-owned banks are just close to [-] billion.

If these banks call back the loans, it will be a devastating blow to Fuxing Group.

"Mr. Huo, I think we should make preparations early. This time the higher ups may be really angry!"

It wasn't until this time that Huo Yingming began to regret it.

I was really a little carried away at the time, and what I said was a little too arrogant!
But Huo Yingming is a veteran in shopping malls after all. After only a brief moment of regret, he began to think about countermeasures.

"Sell overseas wineries as soon as possible to ensure that Fuxing Group has liquidity to cope with this crisis." Huo Yingming made a decisive decision, "If it is not enough, close the stores with poor performance!"

Yu Dezhi was taken aback, "Mr. Huo, is it necessary? How about you use your connections and see if you can ask someone from the bank for help."

Huo Yingming waved his hand and said, "This matter cannot be solved by looking for relationships, you should do it as soon as possible, don't delay!"

Huo Yingming knew very well that if the upper echelons really instructed the major banks to take back the loans from the Fuxing Group, then no matter who he turned to, it would be useless.

Just when the popularity of Fuxing Group on the Internet was about to dissipate, a piece of news made Fuxing Group appear on the hot search list again.

“Fuxing Group is putting its overseas wineries up for sale!”

The news quickly spread on the Internet.

"It's just what's going on. I think it's been less than three months since the Fuxing Group bought the Aide Winery."

"I heard that the capital turnover is limited, and Fuxing Group suffered a big loss this time!"

"It deserves it, whoever made their boss so crazy, I think it's their own fault!"

"Which brother knows the inside story, I feel that this matter is not simple!"

"I heard that she was pretending to be big, and she was screwed!"

……

Regarding Fuxing Group's situation, there are various speculations on the Internet.

Most are gloating.

The reason for this situation is mainly because Huo Yingming is usually too high-profile.

Often pretentious in interviews.

The word-of-mouth among netizens is not good. At this time, Fuxing Group has a problem, and these netizens are naturally going to add insult to injury.

Take this opportunity to mock Huo Yingming.

Huo Yingming was very angry by the comments from netizens.

But the top priority now is to resolve the crisis of Fuxing Group as soon as possible.

Although the Huashang Bank loan was repaid as scheduled, Fuxing Group lost its flesh.

Several overseas wineries were sold at a loss in order to ensure Fuxing Group's sufficient cash flow to face the coming crisis.

Not only that, the abnormal behavior of Fuxing Group directly caused his already weak stock price to fall again.

Another two state-owned banks have asked Fuxing Group to return the principal.

Due to internal and external troubles, the stock price of Fuxing Group plummeted.

Compared with the peak time, it has dropped by a full 50.00%!

"Brother Guang is really amazing!"

Seeing the news, Yang Leping gave Liu Xiaoguang a thumbs up.

When he saw Huo Yingming's interview, Liu Xiaoguang predicted that something would happen to the Fuxing Group.

Now it seems that Liu Xiaoguang's prediction is completely correct.

"Brother Guang, how did you make such an accurate judgment through a video?" Yang Leping asked Liu Xiaoguang.

"This year's international situation is not good. The current national policy is to tighten foreign investment. Fuxing Group is buying wineries on a large scale at this juncture. Huo Yingming is still talking about it in interviews. It's strange if nothing happens!"

Only then did Yang Leping suddenly realize.

"Brother Guang, you have to care about state affairs in order to do business!"

"That's not right. If you want to expand your business, these things must be paid attention to."
-
Beichen Automobile began to recover.

Sales are rising steadily, constantly refreshing their own sales records.

The strong performance is impressive.

You know, a few months ago, Beichen Automobile was still half-dead and almost was acquired by others.

In just a few months, Beichen Automobile has shown new vitality, which surprised many people.

This was within Liu Xiaoguang's expectations.

The quality of Beichen Automobile ranks among the best among domestically produced automobiles.

Moreover, the engine of Beichen Automobile is independently developed. This gimmick makes Beichen Automobile stand out from the crowd of domestically produced cars.

It is precisely because of this consideration that Liu Xiaoguang boldly accepted the shares of Beichen Automobile.

Now it seems that Liu Xiaoguang's approach is very correct.

Not only saved Beichen Automobile, but also made a lot of profits.

The shares of Liu Xiaoguang and others in Beichen Automobile have also risen accordingly.

Hanyang Machine Tool Factory had to use up its horsepower during this period to meet the supply requirements of Beichen Automobile.

At noon that day, Luo Qingquan came to Liu Xiaoguang's office excitedly.

"Brother Guang, I'm going to develop the second-generation engine! The manufacture of the engine this time will still be handed over to Hanyang Machine Tool Factory."

(End of this chapter)