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Chapter 648: Bai Family’s Financial Crisis
Bai Jun was startled, then suddenly laughed again: "Dad, are you kidding me? Our Bai family has so many businesses, all of which are profitable. How could we go bankrupt so easily?"
On the other end of the phone, Bai Chengfeng's voice was a little tired: "It's Dad's fault. He made a wrong decision..."
"What's going on?"
"I was planning to expand into the Western market. Your uncle Gao has some very good investment projects overseas. He was grateful to me for helping him when he was down and out, so he introduced me to a big project..."
"Uncle Gao? Are you talking about Gao Liang? You actually do business with him?" Bai Liang's voice suddenly rose.
Bai Chengfeng sighed, "He has been very successful in investing in the past two years, making a lot of money, and he is also quite knowledgeable about the Western market. Originally, everything was going well with the project, but something went wrong in the last two days... In short, it's hard to explain in a few words. I've been looking for Gao Liang, but I can't get in touch with him."
"Dad, you are so confused. How can you cooperate with Gao Liang? Do you know what immoral things he has done behind the scenes?"
Bai Jun briefly recounted Gao Liang's story: "Now he has received retribution for his evil deeds. He has been eaten by the evil god he supported. You will never find him again!"
Bai Chengfeng was shocked when he heard this, and then he became extremely angry: "He actually worships the evil god and uses humans to sacrifice? He knows that you are my son, Bai Chengfeng, but he still treats you as... He really knows a person's face but not his heart. He is so hateful!"
Bai Jun said, "Dad, let's not worry about Gao Liang for now. Is this incident really serious enough to cause bankruptcy?"
Bai Chengfeng sighed again: "The news hasn't spread yet. Once the news of Bai's financial crisis comes out, the stocks of our live broadcast platform and Star Entertainment will plummet. At that time, there will definitely be rival capital coming out to add insult to injury. If it is not handled properly, the consequences will be disastrous."
"So, the Bai Group is no longer able to allocate so much money to invest in movies. Jun, Dad is very sorry. It's all my fault. I shouldn't have expanded the overseas business earlier. Now... ah..."
Bai Chengfeng has been doing too smoothly in recent years. Many people are jealous of his assets, waiting for him to make mistakes so that they can erode his business empire.
Therefore, if the Bai family encounters a financial crisis, the consequences will be very serious.
Bai Jun had never heard his father speak in such a frustrated tone in all his years. No wonder he hung up in a hurry after only two sentences when he contacted him the other day. He was probably dealing with these issues.
"Dad, how big is the funding gap? Our family still has a lot of real estate and cars. If we mortgage or sell them, we should be able to get a lot of cash."
Bai Chengfeng said: "I have thought of these, but even so there is still a 500 billion loophole. If it really doesn't work, we can only sell the shares of the Whale Platform. But by then, I am afraid that the price will be suppressed severely."
Even though Bai Jun was used to seeing money, he was still shocked by the amount of "500 billion" - how many sports cars could he buy with that?
Who can take out so much money at once? Even if a person is worth hundreds of billions, most of his assets are fixed assets, and he cannot withdraw tens of billions of liquid funds.
Suddenly, Bai Jun thought of something.
He looked up and saw Zheng Lanxin sitting opposite the large round dining table.
Zheng Lanxin glared at Lao Qiu with a shy look on her face: "Master is here, don't just focus on peeling shrimps for me, you should also take care of Master."
So Lao Qiu handed the freshly peeled shrimp to Yu Beiming: "Master, do you want some?"
The hands holding the shrimp were still shiny.
Yu Beiming said with a hint of disdain: "No."
Lao Qiu smiled innocently and said to Zheng Lanxin: "Look, Master doesn't need me to take care of him, so I'll peel it for you to eat."
A black claw suddenly stretched out from the dining table, scooped up the shrimp and stuffed it into the cat's mouth.
Lao Qiu picked up the black cat angrily and was about to teach it a lesson.
Zheng Lanxin quickly hugged Xiao Hei to comfort him: "My dear cat, you want to eat some shrimp, right? I'll pick some for you. You can eat as much as you want. If it's not enough, order more!"
Little Black Meow was eating happily, even forgetting the grudge against the egg for the time being.
Bai Jun hung up the phone, poured a glass of wine and walked to Zheng Lanxin's side: "Sister Lanxin, I toast you. After living in Shoulong Mountain for a few days, I feel that you have become a lot younger!"
Zheng Lan thought to herself, "Just say what you want to say. No need to flatter."
Bai Jun got straight to the point and said, "My father was obsessed and actually partnered with Gao Liang to invest in overseas projects. As a result, he created a financial crisis and needed 500 billion to save the situation. Otherwise, our Bai family might face a stock plunge and the need to sell off the live broadcast platform. In serious cases, we might even go bankrupt."
"Sister Lan Xin, you are the richest person around me, so I can only ask shamelessly. If 500 billion is too much, you can borrow less, 200 billion? Or 100 billion?"
Zheng Lan thought to herself, "You are Miss Sang's adopted grandson. Even if it's just for Miss Sang's sake, I will definitely not stand idly by if something happens to you."
Lao Qiu muttered to himself, "It's not just a few hundred dollars, it's ok to just stand by and watch..."
Looking up and noticing Yu Beiming's gaze sweeping over him, Lao Qiu quickly added, "I mean, standing idly by and watching is indeed quite unrighteous, but you have to do what you can, do what you can!"
Fifty billion, how long would it take him to earn that? He counted on his fingers and realized that he would never be able to earn that in his lifetime... So, it was pretty sad.
Zheng Lanxin continued, "While you were still talking on the phone, I had already figured it out. Currently, I can mobilize about 300 billion yuan in funds, and I can lend you all of it. But business is business, and the interest rate will be based on the bank's deposit interest rate. Is that okay?"
Bai Jun was ecstatic: "Yes! That's great!"
In this case, borrowing such a large sum of money from a bank is not only difficult to approve, but also involves a complicated process. It is impossible to get the money in a short period of time.
Not only did Zheng Lanxin borrow tens of billions of yuan at once, she also only charged interest on deposits. Bai Jun was so moved that he didn't know what to say, and hurriedly poured Zheng Lanxin a glass of wine.
He then turned to ask Sang Feiwan: "Grandma, can my dad pass this test?"
Sang Feiwan explained, "Gao Liang owed evil debts to the evil god. Now that he has fallen, those debts must be repaid in advance. No matter how much money he made from his previous business or how smoothly it ran, he will run into trouble one after another in the future. The projects that Bai Chengfeng invested in with him will naturally be affected and suffer as well."
"As for whether we can survive this..." Sang Feiwan paused and said meaningfully, "That depends on whether we can raise the 500 billion yuan."
Bai Jun just breathed a sigh of relief, but now he started to worry again: "Sister Lan Xin lent me 300 billion, and now I still need 200 billion. 200 billion is not a small amount of money. My dad can't borrow it, so where can I raise it?"
Sang Feiwan smiled faintly: "You have a God of Wealth by your side, don't you know?"
Bai Jun was confused: "Besides Sister Lan Xin, who else can come up with hundreds of billions at once?"
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