When the times change, everyone must turn around in time during this process.
This was the case with Chen Pingsheng, who carried out asset restructuring as early as February, and the same was true with Xu Daizi, who announced an investment of 300 billion yuan to build cars.
On March 1st, Chen Pingsheng received a special visitor at his headquarters.
Lao Wang, the real estate tycoon who once held the title of the richest man in China on the Forbes list, can trace his glorious history back to the 1990s.
No matter where you are, come to Guangdong to make a fortune. First, set a small goal. Wanda is the city center.
These are Lao Wang’s slogans.
Lao Wang, who was born into a military family, suffered the biggest setback in his life last year.
Many people may not know why Wanda's situation suddenly took a turn for the worse.
Putting aside some reasons that cannot be explained in detail, the key reason is that Lao Wang transferred a large amount of money borrowed from the bank to overseas.
In just 17 years, he planned two billion-dollar projects.
One is to invest in Malaysia City, and the other is to invest in Indonesia.
Looking at Wanda’s investments over the years, it can be said that most of them are overseas investments.
If it were all his own money, it wouldn't be a big deal.
The key point is that he borrowed all this money from banks, and his debt is as high as 400 billion.
Under such circumstances, it would be impossible for his superiors to allow him to easily transfer such a large amount of funds overseas.
After banks tightened their lending, Wanda faced difficult times.
Lao Wang has been selling since last year, not only hotels, but also department stores and other things under his name.
Many of them are high-quality assets.
He came to Chen Pingsheng in order to successfully list Wanda Commercial on the A-share market this year.
If this succeeds, all his debts will be resolved.
If this fails, the China Banking Regulatory Commission would have specifically called for an investigation into the risks of Wanda's overseas mergers and acquisitions as early as June last year.
A company with a debt ratio of over 70% invests 20 billion US dollars overseas every year. What is it doing?
I'm afraid everyone can't help but ask this question.
Unfortunately, Chen Pingsheng’s current strategy is to tighten funds and operate steadily.
No matter how delicious the cake is, he would not spend billions to buy it.
Don't be so self-righteous as to think you have picked up a big watermelon, but end up losing your base camp.
Lao Wang was destined to return disappointed.
There is no way he would spend tens of billions to buy discounted assets that are meaningless to him.
Lao Wang now has two huge mountains on his head. Whether he can recover depends entirely on his own ability.
Those who are still expanding now will probably be in big trouble in a few years.
Not to mention the real estate industry, the Internet era that has enabled mass innovation and entrepreneurship is almost over.
The waves of the times come one after another.
No one can guarantee that they can always ride on the waves, and he is no exception.
After he finished meeting Wang Jianlin, Zhang Wanyi sent him his work arrangements for the next few days.
Besides meeting people, most of them are leaders from all over the country.
A small number are business tycoons like him.
"Uncle Chen, the vice presidents below all hope that you can meet with these local leaders. It will be of great benefit to their work."
"Will their work not be carried out if I don't see them?"
After Chen Pingsheng replied, he screened out some people from that group.
"My daughter starts school in two days, so I won't be able to see so many people. Also, please announce to the public that I'll be away for a long time. During this time, except for special matters, I will basically not see anyone."
"Okay." Zhang Wanyi was holding a thick folder. "Uncle Chen, could I ask where you're going?"
"The group's assets are about to be restructured. If I stay here every day, I'll have to meet this person or that person. Instead of that, I might as well disappear for a while. As for where to go, it depends on where my daughter likes to go."
Okay... The big boss only comes to the group headquarters at critical moments, and he usually takes care of his daughter.
As for the specific itinerary, she will naturally receive the news once the next arrangements are made.
There is no need to ask too much at this time.
The development of Tengying Group is completely on the right track. As long as he can successfully make Tengfei New Energy into a Fortune 500 company, his career line will be half completed.
Chen Pingsheng drove his black Volkswagen home. When he passed by Lao Yang's steamed bun shop, he bought two big steamed buns.
The old couple worked hard all their lives to raise a son, but he was exploited by his daughter-in-law.
Not only did they have to spend decades of savings, but their daughter-in-law also refused to let them move in.
If the mistress Chen Lu behaves like this in the future, he will be so angry that he will die.
In the elevator, I met the rich second generation who stole his brother's girlfriend. He is still in high spirits. I am afraid he doesn't know that his father has been reported by the group's shareholders.
You never know when you might be arrested and imprisoned for embezzling public funds or transferring corporate assets.
Why are all the people he sees now such treacherous prodigals?
Mistress Chen Lu was sleeping soundly, and his second sister rarely came to trouble him.
Erpi Ya kept asking her grandma and her great-grandmother a million questions all day long.
Don't be too bothered at this age.
As for her sister Chen Anan, after getting the 200 million bank card, she didn't even spend the money.
That's really strange.
If you ask her why, she will say that she doesn't know how to spend it.
Donate some money to charity. The next day I saw the news about Guo Meimei.
Very angry.
She wanted to get back the little money she had donated.
Spending money is not an easy thing.
Instead of donating to charity, it is better to donate directly to people who really need help.
It’s a pity that there are no poor children around her anymore.
There is no way these people would be in an international school.
This was the first time that Chen Anan was worried about spending money. Chen Pingsheng told her not to worry and to just find a solution slowly.
As for him, he wanted to experience a different life.
It can also be considered as accumulating experience for my daughter.
Even when Chen Anan asked him, he didn't say anything specific.
"Dad, do you still need to experience life now?"
"Of course I do."
Chen Pingsheng said, "Life is so long. Your dad has sold durian on the street, worked as a truck driver, and then started his own business. I have done everything except being a laborer."
"Dad, are you going to be a worker?" Chen Anan's eyes widened.
"I'll go and experience it for a while. Tengyou Media has been developing very rapidly since the beginning of this year. I might go there to lurk for a while and experience the daily life of a worker."
"Then you want to take me with you?"
"I will definitely take you."
Of course, Chen Pingsheng did not just want to experience the daily life of a worker. The most important thing was to help his daughter overcome all difficulties.
Only by experiencing more can you truly see the road ahead.
You can also understand the path you should take.
If you want to be a good boss, how can you avoid experiencing the daily life of an employee?
His daughter must be taught by him, it is totally impossible to rely on teachers alone.
(End of this chapter)
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