Novel Full Chapter 873 - It's You
Chapter 873: It’s You
Min Guocheng waved his hand to his assistant to ask him to leave as he had other things to think about.
His assistant wanted to say something, but when he saw that Min Guocheng was really not willing to talk anymore, he could only excuse himself first.
Actually, he wanted to say that the banks had already stopped lending them money. Also, the stockholders were very unsettled lately, and some of them had already secretly sold their shares to someone else. If Min Guocheng as the CEO did not pay the banks back their money, then with his current status, it was enough for him to face some legal charges.
By then, it would not be as simple as going to jail as he was still the heir of the Min family. In the future, the Min family’s fortune would then be used to fill up the big hole in the Chu Enterprise.
The thirty-five-percent of shares he took was basically just making himself suffer. The Chu Enterprise now was a hot potato. Indeed, the Hang Yu business deal was profitable and would become the city’s largest port. By then, the city might be as prosperous as the capital and might even be another international port. Everyone knew, everyone believed, and everyone was not blind; however, this deal was too hot to handle.
Without a certain amount of financial support, he would not be able to sustain the project. Just this point alone and the projects on the other end were enough to add burdens on his shoulders. He was about to vomit out the little of what remained from the Chu Enterprise assets and the cold money that had not even reached his pocket yet.
The current problem was that he might have to use the Min family’s assets to fill up the hole, and he could not throw away the Chu Enterprise now. In order to buy the stocks earlier, he had almost invested all of his assets; afterward, he had thrown in quite a bit of money into Hang Yu. Besides, the banks now recognized Min Guocheng and not Chu Lui.
How did he force himself into this step?
How did he get into such a mess?
How was he supposed to fix this mess?
The stock price of Chu Enterprise was becoming lower and lower, causing the stockholders to lament all day; and some of them even sold their shares. Now, Min Guocheng could not even take care of himself, how could he take care of others?
The Min family’s side also had a lot of complaints about him. Min Guocheng only knew now what it meant by ‘a man who loses his position would be subjected to much indignity’. How was it possible for those fence-sitters to be grateful? When he first got the big fat meat of the Chu Enterprise, everyone rushed over to take a bite of it in any way possible. Now that there was trouble, all of them slipped away faster than ever.
At first, his father’s side was still supporting him as Chu Enterprise was indeed fat meat after all. Of course, it was also a hot potato so it was up to them if they had the abilities to fill up the deficit.
Min Guocheng had first transferred around two billion worth of assets out of the Min family. If this carried on, even the Min family would be implicated and collapse so the Min family’s side was also starting to be cautious.
As for the bank’s side, they refused to lend money to them. One side was severely lacking money while the other side needed money every day. Min Guocheng was literally overwrought.
He had no choice but to go to the Min family. In the end, the owner of the Min family—his father who had already spent two billion dollars—was unwilling to carry on.
If they continued to send money to the Chu Enterprise, the Min family would be dug empty. They were not only losing two billion dollars, but there were some problems with the fluid capital for the Min family. A few business deals were stolen by some company, and those deals would have earned them around a billion dollars. Besides, they were not only losing money now, but they were also losing the Min family’s connections and credibility. If they calculated it in this way, half of the Min family might be ruined.
Min Guocheng could not get any money so, in the end, he could only mortgage the shares in his hand to borrow money from the banks and fill in the hole at Hang Yu’s side. Just that after he filled one hole, there would be many bigger holes for him to fill.
This was to rob Peter to pay Paul.
Also, the money he invested in was like using a ladle to scoop water; it had no effect at all. Now, he realized that the Hang Yu project was just like a vampire, a bottomless hole—a bottomless hole that he could not even escape from now even if he wanted to.
What? Money again?
Suddenly, he stood up and felt that his head was dizzy, and his eyes were seeing stars. Recently, he had not been sleeping well. In the end, there was a whir in his head; and he fell onto the floor, scaring his assistant. Hurriedly, he sent him to the hospital.
When he woke up, there were no doctors or nurses around. He was just alone without a single person to care for him. Even his assistant was not there.
He had never felt so lonely and helpless before. At this point, he had not reached the end; but he felt that he was alone in this world.
When his assistant appeared in the hospital again, his entire person was weary and on the brink of tears.
“What’s the matter?” Min Guocheng looked up and was pretty much numb. “Say, what happened?”
“The loan is due,” the assistant said bitterly.
“Cough…”
Min Guocheng started coughing furiously. He waved his hand and told the assistant to go out first.
This was because he knew that the bank was chasing him, and he knew the consequences of not being able to repay his debt. He had used the shares he owned as collateral.
Yes, collateral. He had once said that the Chu Enterprise was a hot potato. Even though it was fat meat, not anyone was capable enough to bite it.
A few days later, his assistant came over and said that the shares had been auctioned out by the bank. Someone won the auction but wanted to deal with Min Guocheng personally.
Min Guocheng laughed bitterly. In the end, he did not even gain anything and was in trouble himself with a huge debt. However, he was still the CEO of the Chu Enterprise so he had to be accountable for these debts.
One week later, he was discharged; but his face did not look too good and was even scarily white, just like a ghost, as he floated into the conference room. At this point, there were pockets of people holding onto the little percentage of shares; and some of which were even less than one percent. There were also some old stockholders who had clearly protected themselves first and long sold the shares in their hands; now, they were using a pile of money to spend the rest of their days.
Only these people who wanted to sell the shares but could not were left, and it hurt when they could not. However, it hurt even more when it was forcefully taken away from them.
The door outside was opened, and a big and handsome man walked in like a gust of cold wind. Instantly, the entire place turned into snow.
“It’s you?” Min Guocheng stood up in shock.