Tycoon: I can see the goddess's wish list novel Chapter 1256

Chapter 1256: Chapter 1253: Auntie, You Don’t Want to Lose This Job Either, Right?

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?

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