10 billion!
Moreover, it's working capital, which is an astronomical figure for any company.
Some companies may be worth trillions, but they may not be able to readily come up with 10 billion in working capital.
Because a company's size also includes fixed asset investment and securities assets.
There won't be much cash!
Zhang Guangyu was stunned upon hearing this. After confirming several times, he asked, "Ten billion?"
Manager Yang: "Yes, Chairman Zhang. There are three loans due in the past week, totaling 10 billion yuan. If these three loans cannot be extended, we will have to repay 10 billion yuan of principal to the banks. Currently, the company only has 1 billion yuan in working capital, and we are facing a funding gap of 9 billion yuan."
Zhang Guangyu: "9 billion yuan is enough to stump you? If this bank doesn't work, try another one!"
Manager Yang: "Chairman Zhang, I suspect someone is deliberately targeting our company. I personally led a team to 10 large commercial banks, and all of them refused to renew our loans on the grounds that our debt ratio was too high. I didn't go to the remaining small banks, but it is very likely that they will also refuse to provide us with loans for the same reason."
Zhang Guangyu narrowed his eyes slightly. Only a few senior executives knew the true debt ratio of their company. The publicly announced debt ratio was less than 50%. They must have been targeted, which was why the bank knew such a core secret.
Moreover, the fact that the person behind this can simultaneously transmit information to major banks indicates that they have an extraordinary background.
Xintian Mining Group owns abundant iron ore, lithium ore, and some rare earth resources, and also has many mines overseas. It has a profound influence on industries such as new energy vehicle battery manufacturing, aerospace materials, and semiconductor chip materials.
“It seems we’ve run into serious trouble.” Zhang Guangyu pondered for a moment, his tone revealing an undeniable determination. “First, we must immediately activate the emergency plan to ensure the company’s daily operations are not affected. At the same time, we need to comprehensively review our financial situation, optimize our capital structure, and see if we can alleviate the pressure through internal adjustments.”
Manager Yang: "Chairman Zhang, we have already started doing that. Even so, the pressure of 10 billion yuan in debt maturing within a week cannot be relieved. Moreover, in half a month, another five bank debts totaling 10 billion yuan will mature. This means we need to raise 20 billion yuan in half a month. Apart from the 1 billion yuan in the company's accounts, there is still a shortfall of 19 billion yuan."
Zhang Guangyu was in a bad mood and said, "Alright, I'll make a few calls and see."
Zhang Guangyu hung up on Manager Yang, his brows furrowed.
Yang Luoxia asked, "What happened?"
Zhang Guangyu gave a brief explanation, and Yang Luoxia's expression changed upon hearing this; she immediately panicked: "What should we do? If we can't get a loan and can't repay the bank's principal, our company might be seized and auctioned off."
Zhang Guangyu: "It's okay, I have a lot of friends in banks. I'll call and ask them if they can solve it."
Zhang Guangyu called his friends at the bank, still holding onto hope.
However, to his disappointment, even small banks refused to grant him a loan, citing Xintian Mining Group's excessively high debt ratio.
"Old Zhang, it's not that I don't want to help you, but your company's debt-to-asset ratio is already 80%. Who would dare to take out a loan? Once there's any risk, the loaned money will become non-performing loans, and we won't pass our performance evaluation. I hope you understand."
Zhang Guangyu made more than a dozen phone calls, exhausting all the bank contacts he knew, but the result was still the same.
Zhang Guangyu panicked: "It's over, the Xintian Mining Group that I founded may be finished!"
Yang Luoxia said, "Is it really that serious? Are we still short 19 billion? What are we going to do!"
Zhang Guangyu said, "It seems like we're still short 19 billion, but if we can raise 9 billion to pay off the earliest loans, our company's debt ratio will drop significantly. Then we can apply for bank loan renewals or find other banks to borrow from. So, the key is this 9 billion."
9 billion!
This is no small amount.
Mr. and Mrs. Zhang were extremely anxious and couldn't think of a solution for the time being.
Suddenly, Yang Luoxia's eyes lit up, and she said, "Old Zhang, do you remember what President Wang of Huitian Network mentioned last time?"
Zhang Guangyu's eyes lit up, and he said, "You mean the marriage alliance that Mr. Wang Xinghua of Huitian Network mentioned last time?"
Yang Luoxia said, "Yes. Huitian Network is very powerful now. If we can form a marriage alliance with the Wang family, borrowing 10 billion from them shouldn't be a problem, right?"
Zhang Guangyu thought for a moment and said, "Their scale is said to be trillions, so theoretically 10 billion shouldn't be a problem. Even if they can't come up with it, helping them get a 10 billion loan from the bank shouldn't be a problem either. It's just... poor Feifei."
Zhang Guangyu felt a headache coming on whenever he thought of Wang Xinghua's son.
Wang Xinghua has two sons. The elder son, Wang Yu, is quite promising. He is already married and manages part of the family business.
The youngest son, Wang Teng, was a notorious playboy who spent his days indulging in debauchery and even taking several girls out with him.
If he marries his only daughter, Zhang Yifei, she'll be in for a lot of trouble.
However, they were all used to a life of luxury and extravagance, and if they really went bankrupt and became poor again, they would rather die.
Therefore, even if their daughter's later life was not happy, they didn't care.
Yang Luoxia said, "How could I not know Wang Teng's character? But what other way is there to raise 9 billion? Regardless of his character, as long as Feifei marries him, she will get money, our family business will be preserved, and Feifei's life will not be bad in the future."
Zhang Guangyu: "That's what they say. But it's obvious that Feifei likes Professor Li. We're sacrificing Feifei's happiness to get the life we have now."
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