Yuandian Technology's financing was in full swing, and it was getting closer and closer to achieving its goal, but something big happened to the Qu family.
Qu Xiaoxiao's brother Qu Lianjie was seduced by someone to gamble in Macau. He got cheated or lost, and he actually owed more than 200 million in gambling debt, which was more than what was owed in the play.
People are directly detained. If the gambling debt of more than 200 million cannot be settled within a certain period of time, the consequences will be extremely serious.
Someone tried to escape debt before, but the person disappeared completely and never appeared again. I don’t know whether he hid incognito or disappeared in the true sense.
Qu's father didn't dare to bet. Although he loved Qu Xiaoxiao, it was his son who carried on the family line. He was just such a son. If Qu Lianjie made any mistakes, then the Qu family would really be ruined.
In such suffering, even though Qu's father was so angry that he wanted to slap Qu Lianjie to death, he had to raise funds everywhere to pay off Qu Lianjie's gambling debts and redeem him.
On the other hand, Qu Xiaoxiao also received the news that her father was raising funds everywhere, even at the expense of draining the company's working capital to pay off Qu Lianjie's gambling debts, and was shocked.
Qu's father divorced back then and left the family. The current property is the result of hard work between him and Qu's mother and has nothing to do with Qu Lianjie.
Even if Qu's father plans to give half of his assets to Qu Lianjie in the future, three-quarters of the family property will still belong to Qu Xiaoxiao.
However, Qu's father did not hesitate to move around and forcefully used family assets to pay back Qu Lianjie's bet. This behavior broke Qu Xiaoxiao's heart.
However, she couldn't stop him. Qu's father had already revealed his patriarchal side. Qu Lianjie, who could carry on the family line, was obviously more important to his father than her daughter.
However, Qu's mother obviously knew Qu's father better and had already made preparations in private. When she saw her daughter was so sad, she took her to the bank.
Taking out the private safe stored here, under Qu Xiaoxiao's curious eyes, Qu Mu removed the seal and opened it. There was a stack of real estate certificates inside, with as many as a dozen.
Qu's mother sighed: "Ever since your father took Qu Lianjie over to work in the company, I knew that such a day would come. Especially since last year, your father has revealed that he wants Qu Lianjie to take over. No matter how hard you persuade him,
Unable to persuade you, I had no choice but to call you back from abroad."
"But depending on what your father meant, even if you did better than Qu Lianjie, you didn't let him change his mind. In order to prevent that prodigal son from taking away all our family property, I started to take action."
He pointed to the real estate certificates and said: "These are the properties that I bought over the past year, without telling your father, with more than 100 million from the company and using your ID card. There are houses and stores, all recorded.
You should pay close attention to what is in your name."
Qu Xiaoxiao was shocked. She opened a book and looked at it. Sure enough, her name was used everywhere.
"I...I took my passport to go abroad, Mom, you did this with my ID card! Mom, didn't Dad notice?"
Qu's mother said: "Since the two of us started our business, I have always been in charge of the company's finances. Even now, I go to the company less and the company's finances are also under my supervision."
"As long as there are no problems with the company's capital flow, your mother and I will be able to hide it. Unfortunately, if there was no such thing as Qu Lianjie, your father might not find out until a year later. I can allocate more funds to you, Xiaoxiao.
.”
Qu Xiaoxiao was stunned.
"Mom, this is the company's asset. If you take it out privately, what will happen if my dad pursues it?"
Qu's mother snorted coldly: "The company belongs to our family. It was founded by the two of us. You are our only daughter. All these funds are used to buy a house for you. Your father can repay Qu Lianjie more than 200 million
With gambling debts, how can I force you to sell these houses and return them to the company?"
Qu's mother said, her eye circles a little red.
"Xiao Xiao, mom did all this to leave a way out for you so that Qu Lianjie wouldn't ruin the family fortune."
When Qu Xiaoxiao saw her sad mother, she shed tears silently: "Mom, you are so kind to me."
Qu's mother helped her wipe away her tears: "Silly boy, if your mother is not good to you, who will be good to you?"
…
Qu's father is a very shrewd businessman. Although he is not as familiar with the company's finances as Qu's mother, he still knows how much cash flow there is in the company's accounts.
The gambling debt of more than 200 million cannot be repaid unless funds are transferred from the company.
But what did he discover? The company's original working capital of nearly 400 million was now over 200 million, and more than 100 million were missing.
After Qu's father was angry and shocked, he could only smile bitterly. He knew who did it, but there was nothing he could do.
Ignoring the dissuasion, he planned to withdraw funds from the company to replace his son's gambling debt of more than 200 million. As a joint owner of the property, shouldn't Qu's mother be allowed to withdraw more than 100 million from the company and leave it to her daughter?
oppressive rule.
Moreover, this is the common property of the couple, and it is normal to leave it to the only daughter. On the contrary, he insisted on paying off the gambling debts of his son from his previous wife, using the family's common property, which in fact had violated Qu's mother's interests.
The other party was generous enough not to stop him from redeeming Qu Lianjie, so how could he have the nerve to ask the other party to return the funds?
However, Qu's father sighed, and the company's cash flow was only over 200 million, which was all used to pay off his son's gambling debts. The company was immediately finished.
Qu's father thought for a long time and had no choice but to save his son. He had to sell off all the assets he could dispose of except the company and raised more than 50 million.
However, he is still 180 million short of clearing his gambling debts. Now that all the assets in his hand have been disposed of, he can no longer raise a penny. In the end, he still has to pay attention to the company's liquidity.
The company currently has 240 million in liquidity on its books. If 180 million is withdrawn, the remaining funds will only be 60 million.
Such a large enterprise not only has various accounts to pay, but also bank loan interest and various maturing bonds that need to be paid back.
With 60 million in liquidity, you are definitely walking a tightrope. If you are not careful, the capital chain will break, causing huge risks and even bankruptcy.
However, the son had to be saved. If his son was gone, Lao Qu's family would be gone in his generation. What's the use of leaving hundreds of millions of wealth behind.
Thinking of this, Qu's father gritted his teeth and made up his mind.
At the same time, he couldn't help but comfort himself in his heart. As long as he operated carefully, he could barely keep the company running with 60 million in liquidity.
As long as he is given two years to allow the company to breathe a sigh of relief, the crisis will be over.
…
However, life is unpredictable, and it can make people fulfill their wishes throughout their lives.
Qu Lianjie had just redeemed his debt. He owed more than 200 million in gambling debts in Macau, and the fact that Qu's father had drained the company's working capital to redeem it had spread like wildfire.
It immediately caused quite an uproar in some circles.
What does a bank do? It provides umbrellas on sunny days and withdraws umbrellas on rainy days. It is always the icing on the cake and never provides help in times of trouble.
The total assets of Qujia Company are several billions, but the net assets are only a little over one billion, and the rest are all kinds of debts and loans.
Nowadays, such a big company owes so much money to the bank, but the cash flow on the company's account is only 60 million, so it can be repaid.
In order to ensure the safety of funds and avoid bad debts, various banks that cooperated with the Qu family began to suspend or withdraw loans from the Qu family.
Sixty million yuan of capital was just a drop in the bucket at this time. After more than half a month of hard work, the company's capital chain was broken.
Needless to say, the consequences of a company's capital chain being cut off are all clear.
With everyone stunned, the situation quickly went beyond the control of Qu's father and even the Qu family. Because he had no money to pay for the project and bank loans, he was sued by various banks and partners.
The company's various businesses were immediately suspended, the bank account was frozen, the company's assets were seized by the court, and Qu's father was also on the blacklist of Lao Lai.
Next, things were very simple. In order for the bank to get back the loan, the various assets of Qujia Company were split and auctioned to repay the bank loan bonds and the payables of various partners.
However, in this case, the assets are all sold at a discount, so it is difficult to get a high price.
Although the company's billions of assets have been completely disposed of, and there are still some accounts that have not been paid off, it is naturally impossible to just forget about it. The cash that Qu's father and Qu's mother took from the company is also on the radar.
Fortunately, Qu's father said that most of the 180 million cash taken away was in the name of the company's dividends. The procedures were legal and it would be difficult to pursue them.
Qu's mother had withdrawn more than 100 million in cash. In order to hide it from Qu's father, she did not dare to use the method of dividends. All those funds were withdrawn privately by her under various names.
If the company still belongs to their old Qu family, even if it is not compliant, there is no problem in doing so. Qu's father will not do anything to her if he knows about it. After all, they all bought a house for their only daughter.
However, the company is now insolvent and has been sealed up by the court. So many banks and partners are following behind to demand accounts. This privately withdrawn money is not legal and compliant. Strictly speaking, it still belongs to the company's assets, so it will naturally be
Eyed.
Under investigation by the bank and the court, the flow of funds was quickly discovered and all were purchased into real estate.
As a result, the houses that Qu Xiaoxiao had just acquired were quickly seized and auctioned by the court to pay off the debt. In addition, part of the funds that Qu Xiaoxiao had transferred from the company in the name of dividends also needed to be repaid.
Almost all the property of the Qu family was wiped out, including the villa they lived in and the car they drove, which were also auctioned by the court.
Qu Lianjie, who had just been redeemed, was also implicated. He had suffered so many losses in running the company over the years. Not only was he compensated, many of them were transferred to him privately and used for food, drink and entertainment.
The company belongs to his father, so of course no one will pursue him. Now the company owes so much money and has been sealed up by the court, with so many bank creditors chasing after him. The money he transferred from the company privately is still technically an asset of the company.
Naturally, he was also targeted.
After being sued by the company's creditors, the car, house... were also seized by the court.
Qu Lianjie came to Shanghai naked a few years ago, and returned to his hometown naked a few years later.
The Qu family failed, and Qu Lianjie, who was originally uneducated and incompetent, had no money and could not adapt to the gap. He became a clerk that he was too lazy to take a look at before, and even his survival became problematic for a while.
I can only go back to my hometown in the countryside to find my grandma and continue to support myself. At least I can still have food to eat.