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Chapter 169

Chapter 169 Old Friend (3)

Coming out of Taunggyi Airport, minibuses did not travel to the core area of ​​the city, but passed through the Ring Road on the periphery of the city.

Although Ma Chi is a stand-in, he is not too high-profile. After all, there are many forces who want "Li Qingye"'s life.

Loyalty does not mean that he is a fool. He knows that the identity he represents is regarded as a thorn in the eyes of many forces, and yet he acts unprepared. That is a joke with his own life.

Therefore, only core internal personnel know where Ma Chi lives, and he will not settle in one location for a long time.

The destination of the minibus at this time is the eastern suburbs of Taunggyi, where there are large forest farms and farms.

Ma Chi's recent residence is located in one of the farm-style manors.

Jiang Haitao was not too surprised when he saw this low-key manor. The incident between his elder brother Li Qingye and his parents must have made him very wary.

After many rounds of inspections, he finally met 'Li Qingye'. Looking at his much mature nephew, Jiang Haitao also showed a hint of excitement and relief.

"Uncle Jiang, long time no see." Ma Chi greeted without any psychological burden.

"Qingye, you have matured a lot. It makes me seem to see what Brother Zhonghua looked like when he was young..." Jiang Haitao's eyes became a little moist, but he quickly put away his complicated expression:

"Uncle, I came here today mainly for the matter of Xinxin Group. Du Shuping and his gang got their comeuppance, which is a very happy thing. However, Xinxin Group was also implicated. As the largest shareholder, Lao Su and I hope that you

You can come forward, and at the same time the property will be returned to its original owner."

Ma Chi poured a cup of tea for the other party, and then said helplessly:

"I have no way to go to Pengcheng in person. I hope Uncle Jiang can understand. How many industries does Xinxin Group have left now?"

Jiang Haitao, who was well prepared, took out a list of Xinxin Group's internal assets and handed it over.

Although Ma Chi already knew the details of Xinxin Group, he still pretended to do it.

At present, Xinxin Group itself is not listed, but it has four listed companies, namely Xinxin Real Estate (holding 51% of the shares), Xinxin Building Materials (holding 42% of the shares), Wanli Network (holding 34% of the shares), Xinxin

Xin Gaoxin (holding 36% of shares).

Xinxin Group itself also has 1 headquarters building, 7 office buildings, and 5 employee dormitories.

Other industries have been swallowed up by Du Shuping and others through various means.

According to the stock market price and the evaluation of fixed assets, Xinxin Group currently has total assets of 27.2 billion yuan.

It's just that the debt ratio is a bit high, reaching 71%, and the overall debt is 19.3 billion. Obviously this is another good thing done by Du Shuping and others.

"I took a look and found that the group's debt ratio is too high. With the current revenue situation, it cannot sustain it."

Jiang Haitao nodded, he knew it well.

Xinxin Group is basically in terminal illness now. Even if Qingye Group is willing to inject capital, it will still face various problems.

Ma Chi continued: "My opinion is to sell the four listed companies and fixed assets, repay the bank money first, and then directly apply for dissolution and liquidation."

"This..." Jiang Haitao looked hesitant. It was obvious that 'Li Qingye' was straightforward, which surprised him a little.

"If Uncle Jiang has any ideas, you might as well say so."

"If we sell four subsidiaries and fixed assets now, the funds that may be recovered will be less than 20 billion. After dissolution and liquidation, what will happen to the company's shareholding employees? Their losses will be very serious." Jiang Haitao himself is also one of the shareholders.

Naturally, we know the consequences of dissolution and liquidation.

Now that real estate is in a downturn, the building materials industry is also treading on thin ice.

Xinxin High-tech's business is engineering robots, and its technology is very average. This subsidiary has been in a state of loss.

Wanli Home Decoration Website, which specializes in smart home and home decoration services, and Meijia.com, which provides rental services, are also at a loss.

These four subsidiaries are now losing money.

"Their losses are certain, but now they only have this option. Otherwise, when the liabilities mature one after another and the capital chain is broken, they will not get a penny." Ma Chi expressed his attitude very directly.

Obviously it is impossible for Qingye Group to provide money to support Xinxin Group.

This is what Li Qingye means. After all, the Li family does not owe Xinxin Group anything. He has already given face by not resorting to bankruptcy and liquidation directly.

Now, sell the assets to repay the money. When the time comes, the group will still have more than one billion assets left, and then it will be dissolved and liquidated. Shareholding employees can get part of the assets as compensation.

If you wait until the capital chain is broken and then go bankrupt and liquidate, the bank will not show mercy.

Ma Chi asked calmly: "Uncle Jiang, do you think Xinxin Group can still operate? What Du Jianxin did has put Xinxin Group on the blacklist, so let's get together and break up!"

"..." Jiang Haitao was suddenly speechless.

The two talked for more than half an hour, and the result was that Jiang Haitao accepted the reality. Obviously, there was no need to save Xinxin Group at this time. He agreed to the dissolution and liquidation plan and promised to persuade other executives and shareholders.

After dinner, Jiang Haitao returned to the hotel room.

After he took a shower, he called Su Ruoyu and directly told him the results of today's discussion.

The two communicated for more than an hour. Su Ruoyu, who was on the other side of the phone, although he couldn't bear the end of Xinxin Group like this, he also knew very well in his heart that this plan was the best choice now.

Compared with bankruptcy and liquidation, dissolution and liquidation at least left some money, so Su Ruoyu agreed to the dissolution and liquidation plan.

Early the next morning, Jiang Haitao told Ma Chi the news.

Li Qingye, who was in Luzon, was not surprised when he received the news.

However, Li Qingye still missed his old friendship and asked Ma Chi to add some supplementary clauses to the plan.

This includes allowing the remaining 1,372 stock-holding employees to transfer their properties to them by exchanging their shares for employee dormitory properties.

After all, these people still hold shares of Xinxin Group just to fight against Du Shuping and others. Without the existence of these people, Xinxin Group would not be able to save even its current assets.

Those five employee dormitories, four of which are in Huizhou, have a total of 2,000 units of real estate, which can be allocated to these stock-holding employees, and the excess will be given to employees with relatively high stock-holdings such as Su Ruoyu.

All other assets will be packaged and sold, and a portion of the money will be compensated based on the shareholding ratio.

Since Li Qingye doesn't like these leftovers, he plans to dispose of these assets at a low price. It is estimated that he will only get more than a billion yuan in the end.

He didn't feel any regrets about this, and regarded it as the final cut.

Anyway, the overseas assets of Du Shuping and others have been acquired by him. In addition, the better assets of Wu Heguang's Donghua Group have also been acquired by him. The leftovers of Xinxin Group are meaningless.

He handed over the sale of Xinxin Group to Long Yuanzhi, who was the president of Donghua Group.

Su Ruoyu, Jiang Haitao and others will also cooperate with Long Yuanzhi's work.

It is estimated that the sale and liquidation will be completed before the end of the year.

Perhaps taking into account the relationship with the Qingye Group, the internal management reorganization and asset sales of the Xinxin Group were not hindered too much.

Otherwise, it would be basically impossible for Su Ruoyu, Jiang Haitao and others to successfully sell these assets.

Li Qingye paid a little attention to this matter, and now his focus has returned to scientific research work.

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(End of chapter)


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