After being decadent for a long time, He Shenghua regained his energy. He did not dare to delay for a moment and quickly convened a meeting with the senior executives of the group.
In the conference room, He Shenghua sat at the top, looked at Finance Director Xiang Li with a calm expression, and said:
"Xiao Xiang, please give me a summary of the financial statements of the entire group. It must be completed within today!"
Xiang Li was a little surprised, but she didn't say much and nodded in agreement.
He Shenghua looked at Yu Moutao again and said:
"Moutao, please arrange for the company's customer service to call all users whose investments have expired recently, and try to get them to re-invest and reduce the loss of cash withdrawals."
Yu Moutao looked at He Shenghua. He knew the operating situation best. He knew that everything was in danger at this time. He Shenghua's purpose was to ease the financial pressure. He nodded and said:
"Mr. He, don't worry. I will definitely arrange this work in place!"
Then He Shenghua looked at Jingrui Loan Sales Director Liu Kuan and said calmly:
"Kuanzi! In the next period of time, you will do your best to recover the bridge loans that have been issued.
In addition, in addition to the bank funds that are originally connected, the Jingrui Wealth Platform may not be able to provide new funds for the time being.
Therefore, the business scale of the loan subsidiary must be reduced."
Liu Kuan's eyes flashed with surprise, and he asked carefully:
"Mr. He, what happened?"
"Yes, Jingrui Wealth will make some business adjustments next. Try your best to stabilize the fundamentals of Jingrui Loan!"
He Shenghua didn't want to hide his confidant who had been with him for many years, but he didn't want to make it too clear either.
Liu Kuan nodded and didn't ask any more questions.
After the meeting, He Shenghua stayed with Xiang Li and Yu Moutao, told them the real situation, and asked them to make plans together.
"Mr. He, I've said it before, the advertising was too impatient. In just a few months, 30 to 40 million yuan was wasted."
Xiang Li was a little aggrieved when she learned that He Shenghua had been "trapped". Out of the sensitivity of a financial staff member, she was very opposed to this dangerous operation method of holding high and beating high.
"Yes! This is all my fault. Oh, I was too hasty, which led to this situation today."
He Shenghua said angrily, regretting that he had trusted the villain.
"Mr. He, the top priority is to resolve any difficulties that may arise later."
Yu Moutao reminded that after learning the truth from He Shenghua, he knew that he would be facing a huge mess.
"Yes, let's not talk about the past for now. Let's discuss how to solve this mess first!"
He Shenghua also forced himself to cheer up. He knew that as the backbone of the company, he had to maintain his energy. If he lost his fighting spirit, the people below him would be in chaos.
He Shenghua regained his energy, looked at the two of them and said:
"I still have some financial resources, so I plan to invest everything this time and do my best to stabilize the situation.
If you survive this hurdle, your salary will be doubled, and you will be given some equity.
If you can't survive, I will bear all the debts. You two should leave your job as soon as possible!"
"Mr. He, it doesn't have to be like this. I have worked with you for so many years. I will accompany you through this level."
Although Xiang Li is a woman, she still said it with arrogance at this time.
"Mr. He, although you and I have only worked together for a month, I also admire your character and responsibility. There is no chance of a comeback in this situation."
Yu Moutao said calmly that he believed that the current situation was both a crisis and an opportunity.
"Oh, tell me quickly!" He Shenghua said hurriedly, and together with Xiang Li, they cast their hopeful eyes on Yu Moutao.
Yu Moutao analyzed:
“Currently, our platform has 360 million to be collected, 110 million to be repaid in June, 220 million to be repaid in July, and 30 million to be repaid in August.
Now what we recover in the short term, that is, within one month, is 150 million short-term bridge funds, plus 10 million risk reserves, it is 160 million.
The real test for us is the long-term mortgage loan of 200 million, which cannot be recovered in the short term."
Having said this, he paused and then said:
“As long as more than 200 million funds enter our platform every month, this debt can be renewed.
But given our current situation, it will be difficult to do so once advertising is discontinued.
This road obviously doesn't work!
There is another way, that is to transfer the debt!
The loan principal is 200 million, with one-year and two-year terms of 100 million each, and an interest rate of 24%. The total value of the debt including principal and interest is 272 million.
Our price of 200 million was transferred out without making any profit. As long as we can exchange 200 million in cash in a short period of time, the crisis of Jingrui Wealth will be resolved immediately!
only……"
After looking at He Shenghua, Yu Moutao sighed and said:
"It's just that our Jingrui wealth waiting to be collected will be reduced to 0. Going around in circles for a few months and spending 40 million is like drawing water from a bamboo basket and getting nothing!"
He Shenghua's face didn't look good either. After all, no one wanted to see the project in which they had invested most of their life be wiped out.
But after thinking about it carefully, he realized that this should be a blessing among misfortunes. If there really was a bank run, it would just be a matter of raising funds. He would spend the rest of his life waiting to eat from the country!
Moreover, the Jingrui wealth is gone, but the Jingrui loan is still there! If you return to your old business, you will still be able to maintain your basic life.
He Shenghua looked at Yu Moutao and asked tentatively:
"Is there any institution willing to take on our 200 million mortgage debt?"
"I should be able to find it, but I guess I'll sign a guarantee agreement!" Yu Moutao thought about it and said, without saying anything too harsh.
"Are you saying that some institutions are afraid that the 200 million yuan in debt will have too many bad debts and require us to provide a full guarantee?"
He Shenghua felt that his thinking suddenly opened up. As long as he solved the long-term loan of 200 million, he could still land safely.
"Yes, our 200 million transfer of creditor's rights is equivalent to a transfer at the original price. For the undertaking institution, it is no different from lending by itself. It may also feel that it is at a disadvantage because it is not the loan by itself and there is no certainty.
Therefore, we need to provide guarantee and credit enhancement!
If there is a bad debt, we will repurchase it to ensure that the other party's interests are not lost.
In this way, the loan principal of 200 million yuan plus the interest of 72 million yuan is basically foolproof for the undertaking institution."
Yu Moutao said everything he thought.
“Then we are indeed very confident that we can transfer this debt. It’s like picking up money for nothing.
When bad debts arise, we go back and forth to collect the bottom line. The interest of 72 million is equivalent to being firmly pocketed by them."
He Shenghua sighed with emotion, with mixed feelings in his heart.
"Then what do we use as guarantee to increase credit?" He Shenghua asked again.
"Use the equity of Jingrui Loan Company!" Yu Moutao looked at He Shenghua and spoke very directly.
"Does it have to be like this?" He Shenghua still has deep feelings for the company he started and couldn't help but ask.
"Even if we add the equity of Jingrui Loan Company as a guarantee, we are only 70% to 80% certain that the creditor's rights will be transferred.
After all, this is 200 million, which is not a small amount, and the undertaking party will still bear some risks."
Yu Moutao is not 100% sure about this matter, so he can only say that he will do his best.
"Okay, let's do it! Moutao, you are responsible for contacting the creditor's rights agency! Let's negotiate this matter as soon as possible."
He Shenghua also knew that the situation was urgent and he had to make a decision early. If it continued, the situation would only get worse.
"Okay, Mr. He, I'll take care of this when I get down." Yu Moutao responded and reminded:
"Wes Enacting has one month left to cooperate with us, and in the next month they have to introduce 240 million in funds to us.
So, we only have one month left!"
He Shenghua nodded and said:
"Yes, let's see if there is a chance to resolve the crisis in the last month!"
Then he turned to look at Xiang Li and asked:
"Next, take stock of the group's funds. Jingrui Wealth will focus on stabilizing the current situation, and Jingrui Loans will also need to make a smooth transition. There must be no chaos!"
After He Shenghua assigned the tasks to the two of them, he began to think about counterattack.
After suffering such a big loss, it was impossible for him to let it go.
I called the legal affairs department and asked him to take another look at the cooperation signed with China Enactment.
The legal officer said solemnly: "Mr. He, the situation is not ideal. In the cooperation we signed with Wensi, they only guaranteed the investment amount to attract traffic every month. There is no requirement for the subsequent conversion rate.
If we sue them, there is a high probability that we will not win the case."
He Shenghua was a little frustrated, knowing that this mute would definitely suffer this time. He immediately asked again:
"Where's Wang Qihang talking? He colluded with Hua Si to make our company suffer tens of millions of losses. Is there any way to restrain him?"
"Wang Qihang is suspected of commercial bribery. I suggest preparing materials to report the case to the police," the legal officer said.
To say that the person He Shenghua hates the most right now is Liang Weimin first, and Wang Qihang second.
"Eat everything inside and out!" He Shenghua said secretly, and immediately instructed the legal affairs department to start collecting evidence and prepare to report the case to the public security organ.
At the same time, He Shenghua also had an idea in his mind, which was to use Wang Qihang to pull out the radish and bring out the mud, and give Hua Si Chuangxing a hard blow.
…
After Yu Moutao took over the task of transferring mortgage claims, he first packaged 200 million mortgage claims, involving a total of more than 400 borrowers, into an asset package.
With the asset package in hand, Yu Moutao began his sales tour.
There are twenty or thirty institutions of all sizes, including local AMCs, asset management companies, and online lending companies.
Their words were all worn out, and they didn’t even negotiate the next ideal price for cooperation.
The one with the best conditions is an online loan company, which is willing to take over the debt of Jingrui Wealth at a 20% discount, which is 160 million.
Like other AMCs and asset management companies, they all deal with bad debts, and the lowest one is only willing to accept the "second mortgage loan" debt of Jingrui Wealth at a 50% discount, which is 100 million.
Yu Moutao also knew that he was too optimistic.
Jingrui is now selling debt. In the eyes of other institutions, either this is a toxic debt, or Jingrui's capital chain is broken.
No matter what the situation is, it is impossible to assume your debt at the original price. Even if a loan company with an annual profit of 6 to 7 million is used as a guarantee.
When Yu Moutao reported the situation to He Shenghua, He Shenghua was ten years older and did not speak for a long time.
He Shenghua knew that he might not be able to pass this test. He locked himself in the office every day, smoking and drinking, waiting for the final judgment and fate.
Yu Moutao shook his head when he saw this. He Shenghua accepted his fate, but he did not. He dialed a phone and said: