Guess how despicable those bastards are! I'm so angry I'm jumping up and down. Our people went to help them inspect the goods and collect payment. And damn it, that company went bankrupt! They can't pay the bills. They're trying to rip us off!
"Can we get rid of it cheaply locally?" Xing Baohua said calmly.
“This is a batch of frameworks! Who knows what they’re meant to be used for, and it’s hard to find buyers! What are we going to do?” Zhao Shanhai said.
“Then let’s take it back!” Xing Baohua said.
"Isn't this a huge loss?"
"Okay, I understand. I'll try to find a buyer. That's all for now." Xing Baohua finished speaking, a twitching smile playing on his lips.
He thought to himself, "It must be tough on Zhao Shanhai."
At this moment, the factory director and deputy director standing next to Zhao Shanhai asked eagerly, "What did the chairman say?"
“He is currently on vacation in Hong Kong, and the situation is already known.” Zhao Shanhai relayed Xing Baohua’s words to the other party through a translator.
The two Japanese factory managers breathed a sigh of relief. The responsibility wasn't on their side; it was just that their American godfather was too cunning.
How can a company go bankrupt when its orders are all good? Who will pay for their losses? Even if they sue in the local court, it will be useless, since the company is bankrupt and insolvent.
He could only lament his bad luck. But he had to sell this batch of goods, otherwise he wouldn't even be able to pay salaries.
The $30 million order has left the factory broke, and the raw materials were obtained on credit by mortgaging the factory's equipment.
If they can't sell them, the material suppliers will sue them.
This situation naturally required reporting to the holding company for support, but unfortunately, the holding company was also powerless and informed the processing plant. The holding company was also heavily indebted from purchasing electronic copyrights for videos and audiovisual content. They were still hoping the processing plant would turn a profit and orders around.
Well, even the parent holding group is struggling to survive.
Don't underestimate Zhao Shanhai just because he doesn't know anything. He was parachuted in from headquarters, so he can probably talk to the chairman. Let's have him call the chairman to report.
Just as the Japanese had thought, if they could make a phone call, then the factory directors and deputy directors wouldn't have much responsibility.
The chairman agreed to find a buyer, which is equivalent to taking over the processing plant's business.
Xing Baohua called home to ask where Yang Jing was, and learned that she was in Da Meizi Country.
Judging from the time, the lady is probably asleep, so I'll wait and call her later.
In fact, the reasons for the decline of the RB processing plant were all fabricated by Xing Baohua himself.
They used a classic scam to trick themselves into handing over 30 million worth of goods.
It really was just deceiving myself.
Xing Baohua had tens of millions of US dollars worth of equipment in Japan. He used it as collateral to raise cash, then used the cash to buy goods, and finally shipped them out through orders.
If someone deliberately sets up a shell company to place orders, and then files for bankruptcy, then the orders placed by that company will have no legal effect.
So the person who took over must have been arranged by Xing Baohua. These custom-made models were specifically designed for pagers and mobile phones, and no one but Xing Baohua could possibly want them.
Therefore, when taking over the property, you only need to lower the price by a few million to secure it.
It's probably just treated as aluminum alloy and sold by the ton.
It's no wonder the precision machining plant went bankrupt. As for whether or not to sell the plant, that's no longer up to them.
They'll definitely have to pay the compensation, and if they can't repay the debt, the mortgaged equipment will be used to pay off the debt. Without equipment, will the factory still have orders? Without orders, they can't support so many people, so they'll start laying off workers.
They gradually filed for bankruptcy.
The plan is already halfway through; the next step is for Luzhong Electronics Factory to step in and negotiate a lower price to purchase the framework.
Anyway, the goods are in the US, so it's easy to get them from there to China.
With these goods worth over 30 million yuan, Xing Baohua was able to survive until he could supply precision machine tools to domestic suppliers.
With cheaper goods available, who would want the Japanese high-cost goods?
In the evening, Xing Baohua notified Yang Jing to finish up the remaining tasks.
To the Japanese's surprise, they were notified the very next day that there was a buyer after they had just made a phone call to the big boss.
It just so happens that the factory's sales representative is still in America and hasn't returned yet, so we've asked him to go and negotiate.
The first round of negotiations almost drove the commissioning salesperson crazy; the other party only offered three million US dollars.
Who can accept turning 30 million into 3 million? If you add the 2 million deposit, you can only break even with 5 million.
They're still losing over ten million US dollars.
Where can I go to seek justice?
Report this to higher authorities; let's call it quits and find another company.
The factory director and deputy director of the precision processing plant then tricked Zhao Shanhai into calling Xing Baohua, saying that the price offered by the buyer found by the chairman was too low and that they would lose money.
Xing Baohua pretended to be in a difficult position and said, "This is something I found with great difficulty through connections. If you don't accept it, there's nothing I can do."
Let's accept the loss; consider it a stopgap measure. Otherwise, if we really have 30 million stuck in our hands, the cost of rebuilding it wouldn't be cheap!
Okay, through Xing Baohua's hint, Zhao Shanhai conveyed that the processing plant agreed, since the compensation would be paid to the holding company anyway.
They said they could sign a contract. We can only pick up the goods after the other party transfers the money to our account.
That's considered clever.
Once the money reached the factory, 70% was withdrawn by RB Holdings. The reason given was to continue acquiring electronic versions.
The factory's management, both big and small, were so angry that they all started cursing.
Even Zhao Shanhai cursed him. Did he have it easy? He came to this place just wanting to show his skills and make a name for himself.
As a result, Grandma is on the verge of going bankrupt!
With the loss of the fourth factory, the current high-end precision processing plant worth tens of millions of yuan is truly bankrupt. How can he still have the face to return to the main factory?
Once he had the money and the goods, Xing Baohua stopped caring about what was happening there. Since he couldn't get the equipment out anyway, mortgaging it was essentially selling it at a loss.
However, through several rounds of manipulation, it was essentially cashed out. The mastermind behind the double-wonder scheme used an information asymmetry tactic to transfer money from the left pocket to the right pocket.
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