Chapter 381 Two Hundred Billion, New Challenge



Although threatened by Lin Feng in person, Dong Liancheng was not afraid at all.

"You might be wrong. I have already expressed my thoughts at the company's senior management meeting a few days ago.

In the next three to five years, Changtai Group will completely get rid of the real estate industry and transform into excellent industries such as leasing, tourism development and new energy vehicles.

Therefore, no matter what the situation is in the real estate sector, we must vigorously develop new energy vehicles.”

Lin Feng's words were not meant to fool Dong Liancheng, but he knew very well that the real estate industry had become very distorted. If it continued to expand, there would be only one way out, which was death.

Therefore, he had already made a plan that after this batch of projects were cleared out, he would no longer focus on developing real estate residential projects.

After listening to Lin Feng's words, Dong Liancheng still said stubbornly: "Okay, Mr. Lin, since you are not sincere in cooperating with me, there is no point for me to stay here, so I will leave first.

I also wish your Changtai Group can be revived, and I also hope your Changtai cars will appear on the streets as soon as possible!"

Dong Liancheng's words were obviously spoken in anger. After all, what Lin Feng had just proposed was an extremely insulting and unequal treaty, so even though he was already old, he finally lost his temper.

Lin Feng smiled and said, "Okay, take care. If you really want to cooperate with me, you are welcome to come back!"

"Humph, impossible!"

After saying that, Dong Liancheng just walked away.

Lin Feng didn't feel much regret about not being able to reach a cooperation with Dong Liancheng.

After all, Changtai Automobile is currently worth only a few hundred billion yuan. Even if it is really sold, it will be a drop in the bucket for the debt of Changtai Group.

At the same time, the transformation of Changtai Group is inevitable, and the state has repeatedly emphasized that houses cannot be used for speculation.

At this critical juncture, it is obviously no longer feasible to vigorously develop real estate.

Therefore, Lin Feng also intends to focus on the automotive field. As long as this automotive field can be a great success, he has the confidence to settle even the largest debt.

However, the top priority at the moment is not Changtai Automobile, but the projects that he currently has on hand.

After a series of extensive publicity, Changtai Group quickly launched a large number of high-quality real estate projects.

However, there are still many real estate projects with inventory exceeding 50%. If these houses are not sold one day, the pressure on Changtai Group will still be on its shoulders.

On this day, Lin Feng once again convened all the company's senior leaders.

At the meeting, Lin Feng spoke first: "Everyone, please report on the problems currently facing Changtai Group."

Zhong Youcai, as the executive vice president, was the first to report: "Mr. Lin, based on our efforts over the past week, we have successfully sold land, office buildings, and equity in some high-quality companies, and recovered more than 70 billion in cash."

The vice president in charge of marketing then reported: "After more than a week of crazy sales, we have received a total of 23 billion yuan."

After the two finished their report, Lin Feng looked at the financial director: "How much cash do we need to gather in three months to get through this difficult time?"

Seeing this, the financial director quickly spoke up: "According to the current policy of the Jingxi Municipal Government and the one we signed with the bank, we must raise 300 billion within three months.

This way we can focus on paying off all loans that are currently past due and have high interest rates.

The rest is low-interest loans, and we can slowly pay off the debt through continued development.”

Lin Feng narrowed his eyes after listening to this. He certainly knew that it was impossible to pay off more than 200 billion yuan all at once.

Unless Changtai Group really sells off all of its fixed assets, in that case, it would be better for Changtai Group to go bankrupt and restructure directly.

Therefore, the debt must be resolved slowly. After all, no real estate company can achieve zero debt, and he is very clear about this.

Now the entire strategic direction is very clear, which is to raise another 200 billion Chinese yuan in the next two months.

In this way, once the three-month period is over, even if the bank continues to calculate interest, Changtai Group will not be unable to make ends meet.

At this time, Lin Feng looked at everyone again and asked, "If we increase our marketing efforts now, or even cut prices again, can we raise 200 billion in two months?"

The vice president in charge of marketing was embarrassed at this time: "Director Lin, we really can't lower the price any further.

Our price reduction has attracted the attention of many local governments. Some local authorities have contacted us privately and asked us not to reduce prices at will, otherwise we will be banned from continuing to sell!"

"Humph, are they crazy? This is a commercial property, aren't we the ones who decide the price?"

After hearing this, Lin Feng snorted coldly and said unhappily.

“Having said that, our price cuts have had a significant impact on local real estate companies.

Many people who bought houses at high prices earlier were not happy about it. There were even many people criticizing us online, saying that we were disrupting the market order and that they wanted the relevant departments to investigate us strictly!

"Haha, they are just some real estate speculators. Besides, when the housing prices were rising wildly, you didn't intervene, but now that they are falling, you get angry?"

"But Director Lin, we really can't offend those local authorities, otherwise we will really have to bear the consequences in the future! Besides, we are already under great pressure to reduce prices and promote sales, after all, the land and labor costs of the house are there.

Nowadays, every time a house is sold, there is one less house left. We cannot just consider the next two months, we also have to plan for the long term.

If we collect 200 billion by selling properties at a low price within two months, but we are unable to continue selling properties two months later, we will soon be burdened with new debts! "

As soon as the deputy general manager finished speaking, everyone at the scene nodded.

Lin Feng also knew that what he said made sense, but at the moment all the advertisements had been run, prices had been lowered, and most of the high-quality resources had been sold.

For a moment, he had no idea what to do with the remaining 200 billion yuan.


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