Chapter 379: Lin Feng, the No. 1 in Chinese Business



Although he wants to sell Changtai Automobile more than anyone else now, the problem is that if he takes the initiative to call the other party at this time, he will undoubtedly be in a disadvantageous position in the negotiation.

Therefore, the more this time comes, the more he should not be impatient.

If the other party hasn't come to him after his series of measures are officially announced, then he might really take the initiative to find the other party and have a good talk about the matter.

Sure enough, after taking down Zhong Youcai, the internal operations of Changtai Group were officially on track.

Yesterday's meeting put everyone into a level one combat readiness state.

In particular, some senior executives who were assigned important tasks worked overtime all night long.

So much so that early the next morning, all projects under construction across the country that were affected by funding shortages were reported.

The gap is indeed large. There are a total of 462 projects under construction, and as a result, 302 projects are suspended due to lack of funds.

At the same time, the funding gap of 302 projects was as high as 40 billion.

In other words, almost every project has a funding gap of more than 100 million yuan.

Lin Feng took a rough look and found that some projects were short of relatively small amounts, but some projects even had a gap of 200-300 million yuan.

This is a shocking set of data. After all, more than 40 billion yuan is only the debt under the contracts with the construction parties of these projects. At the same time, it does not mean that all these projects can be completed with 40 billion yuan.

This amount of money is just enough to get these projects that have been suspended started again.

Once there is no further investment or the houses cannot be sold, the project will inevitably be suspended again.

In addition, the debts between Changtai Group and related banks and other financial companies, as well as the debts owed by Changtai Group's subsidiaries such as Changtai Automobile, are not included at all.

In other words, Changtai Group’s current situation is far more difficult than Lin Feng had imagined.

Now, there is only one way for Lin Feng to go, and that is to raise 40 billion yuan in the shortest time to promote these projects.

Only if these projects resume work can Changtai Group hope to make a complete turnaround.

According to Lin Feng's calculations, he might be able to raise 18 billion yuan by selling completed projects in the short term, but he still had to find a way to raise the rest of the money himself.

So at this time, he must sound the clarion call for counterattack for Changtai Group.

In the afternoon, Changtai Group issued an official announcement that Lin Feng, as the chairman of the group, invested 10 billion yuan in real money in the projects under construction in his personal name.

As soon as the news came out, the entire social networking platform exploded instantly.

"Lin Feng is awesome. When other companies are about to go bankrupt, the bosses will try every possible way to transfer the funds to their own pockets, but Lin Feng is saving the company out of his own pocket. In this respect, he is better than more than 99% of the entrepreneurs in the country!"

"No problem. I was originally worried that Changtai Group's broken capital chain would affect the projects under construction, but now it seems that I was worrying too much!"

"Always support Changtai Group and Chairman Lin Feng. I believe he will lead Changtai Group out of its predicament!"

At the same time, the stock market in Hong Kong once again gave a positive response.

Changtai Automobile, a subsidiary of Changtai Group, once again hit the daily limit.

In the past few days, a large amount of funds have poured into Changtai Automobile, directly pushing the company's stock price to the 45 cents mark.

And according to the current trend, within two days, the share price of Changtai Automobile will reach 5 yuan per share.

This is not the end. As soon as this matter was announced, news appeared on the Internet overnight that many real estate projects under Changtai Group were being sold at huge discounts.

Although the total house price only dropped by about 10%, it still attracted the attention of a large number of investors.

By the next morning, the sales halls of some of the relatively high-quality properties under Changtai Group were already crowded with people.

After all, with the 10 billion invested by Lin Feng, many projects should be able to be successfully completed and delivered, so everyone will have fewer concerns at this time! Soon, Changtai Group received 10 billion funds transferred from Longteng Technology.

The funds were evenly distributed among the suspended projects, and all projects resumed work quickly and in full swing.

At the same time, in just three days, the total sales of completed projects reached 10.2 billion yuan.

After deducting some normal expenses, the company earned 8 billion.

Naturally, all this money was invested in the projects under construction.

As expected, Zhong Youcai and others did not disappoint Lin Feng. After their clever negotiations, the company had packaged and sold several projects within a few days, and recovered a total of 14 billion yuan in funds.

In addition, Qiu Peng and He Feng also each selected two real estate projects. In the end, Lin Feng raised 30 billion yuan in just three days.

It can be said that in the future, the funds on Changtai Group’s books can be fully used for construction and development.

But the problem is that the company still has more than 2 trillion yuan in external funds. According to the calculation of the professional team, Changtai Group must at least pay back 1 trillion yuan within these three months in order to revive Changtai Group.

Otherwise, once the three-month deadline is over and the bank starts calculating interest again, Changtai Group's debt will rise rapidly again.

So at this stage, from the perspective of Changtai Group, it has to pay back as much money as it can. If it pays back a dime less, it may have to pay back a dollar more in the future.

Although Changtai Group was still far from getting out of the quagmire, Lin Feng surprised everyone more than a week after taking over, and they began to have confidence in Changtai Group. Such an achievement could be said to be unique in the history of China's business world.

All of a sudden, a large number of soft-article posts emerged on the Internet. Without exception, these posts were all praising how great Lin Feng was.

This also made Lin Feng's status in the domestic business community rise sharply and he became the center of attention.

It was precisely because of this that Dong Liancheng, who had been unable to solve the problem of automotive chips, finally couldn't help but call Lin Feng.

Originally, he thought that when Lin Feng couldn't hold on any longer, he would take the initiative to find him, so that he could take a dominant position and would not be led by the nose.


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