My 1999

Tang Wanxin was silent. He was the one responsible for Delong's situation, and he had no responsibility for it.

"Lao Wu..."

"alright."

Tang Wanli interrupted the brothers.

"The matter has been settled. There is no point in being beaten by Lao Wu. Now I have recruited you all here to discuss a solution."

"Brother, is there any other solution?"

Tang Wanchuan said helplessly, "The total assets of Delong Group are only about 40 billion, and it is already insolvent.

In this case, other than bankruptcy, what other options do we have? "

Tang Wanping nodded in agreement.

"There is still a way." Tang Wanli told Xu Liang's conditions.

"Did he really say that?" Tang Wanchuan asked.

"Um."

"Brother, since he is willing to accept all of Delong's debts, what are we waiting for? It is only right to get rid of this big burden as soon as possible." Tang Wanping said.

"Third brother is right. Now Delong is like a sinkhole to our Tang family. If we don't get rid of it, our Tang family will be swallowed up by it sooner or later." Tang Wanchuan agreed.

Tang Wanli glanced at them, "Have you ever thought about why a shrewd person like Xu Liang would be willing to accept the insolvent Delong Group?"

Tang Wanchuan and Tang Wanping looked at each other, each seeing confusion in the other's eyes.

"Brother, is there any chance for Delong to turn around?" Tang Wanchuan asked.

"Lao Wu knows best whether Delong can turn over," Tang Wanli said.

Tang Wanxin felt bitter in his heart when he looked at the eyes that were turned to him.

"Eldest brother, third brother, fourth brother, if I could make Delong turn a profit, we wouldn't be where we are now."

"Then why does Xu Liang want to acquire Delong while taking on losses?" Tang Wanping asked.

Tang Wanxin said: "I have thought about this issue before. The reason why he wanted to acquire Delong was most likely because of Delong's industrial layout.

Although Delong has huge debts, Hunan Torch is China's largest heavy-duty vehicle manufacturer and the largest auto parts manufacturer.

Alloy Co., Ltd. is the largest manufacturer of electromechanical tools in China, and after acquiring Maori Company, it will also become the third largest garden tool manufacturer in North America after acquiring the other party's channels and technology.

Tunhe is the world's largest tomato paste manufacturer.

Tianshan Co., Ltd. is the third largest cement manufacturer in China.

Zhongyan Co., Ltd., Shancheng Industrial, Denong Group, etc. also occupy important positions in their respective fields.

This huge industrial asset is an industrial territory that we have worked hard for more than ten years to build.

Although Delong's industrial assets and liabilities are huge, they are not production and operation liabilities.

Delong's industrial assets are operating in a very healthy manner. Although the profit margin is not high due to incomplete integration and insufficient R\u0026D investment, it does not generate too much debt.

The liabilities of Delong Industrial's assets are basically structural debts arising from mutually guaranteed loans.

As long as the debt is stripped away, Delong's industrial assets have huge development prospects.

I think these are what Xu Liang really values.

He made so much money financially that DeLong's debt, while huge, was not a huge amount to him.

Moreover, he is in finance and has many ways to optimize Delong's debt. "

After Tang Wanxin finished speaking, Tang Wanli and others thought for a moment and basically agreed with what he said.

"Xu Liang has this idea, and other institutions have similar ideas. Maybe we can get better conditions from others?" Tang Wanchuan said.

After Tang Wanxin thought for a moment, he shook his head.

"Basically impossible."

"Why?"

"It's very simple. Delong Group's liabilities are too huge. Those large global conglomerates will not risk losing tens of billions to eat up the entire Delong Group.

They also don’t want all of Delong’s industrial assets.

They will wait until Delong Group goes bankrupt and then acquire part of the industrial assets of Delong Group at a minimal cost.

It's in their best interest.

The main reason why Xu Liang is different from them is that Hanhua basically earns all his money and he has autonomy.

He is willing to bear the current losses and pursue Delong's long-term interests. "

As the helmsman of the Delong Group, Tang Wanxin has both vision and ability.

The only thing missing is that he was born in China.

If it were in the United States or other countries with relatively complete financial laws and regulations, the outcome might be different.

Tang Wanli looked at the youngest brother in the family, who was also the best.

"So you plan to agree to Xu Liang's request?"

"Brother, I can't think of a better way."

Tang Wanxin's expression darkened and his tone became sad.

“When my mother left, she gave her many instructions: She didn’t ask us to have much money, she just asked us to be safe and healthy.

I still remember this sentence in my heart. "

Tang Wanli's expression changed slightly.

He instantly remembered Xu Liang's last words when his brothers left the Hanhua Center.

The cabinet decided to arrest people in patrol houses, collect loans from the central bank, and administratively close Delong.

A long sigh.

Tang Wanli's voice was hoarse, "Then sell it."

"Brother, fifth brother, is there really no room for redemption?" Tang Wanping couldn't help but ask.

"Yes, brother. Can we sell some of our assets to get cash flow to repay those urgent debts, and pay back the rest slowly?" Tang Wanchuan said.

"If this could be solved, Lao Wu and I would have done it a long time ago. We don't have to wait until now." Tang Wanli sighed.

The four brothers were silent.

——

Although the Tang brothers decided to sell the company, Delong Group was not something they could just sell.

Within Delong International, the four brothers’ combined shares only amounted to 33.7%, even though they had one veto power.

But when it comes to major matters such as buying and selling a company, the consent of more shareholders is needed.

No. 1155 Yuanshen Road, Shanghai, in the conference room of Delong International Headquarters.

Forty-three shareholders with voting rights of Delong International gathered here.

Among them are veterans such as Huang Ping, Zhang Yeguang, and Nie Xinyong who accompanied Delong out of Xinjiang Province, as well as recruits such as Zhang Long, Gao Qi, and Zhou Xinchang who joined later.

Everyone was gathered together, and usually they would be talking loudly and eloquently, but today everyone bowed their heads and looked solemn. Except for a few coughs occasionally, there was no movement.

As Delong's senior executives, they have a clear understanding of Delong's current predicament.

I also deeply felt that this big ship was slowly sinking.

As Delong shareholders, once Delong collapses, they will not only have to suffer huge financial losses, but also have to consider where to go to beg for food next.

It’s strange to be in a good mood.

The slightly chaotic footsteps interrupted everyone's thoughts and attracted everyone's attention.

Under everyone's attention, the four Tang brothers strode in.

"Mr. Tang...!"

Everyone stood up to say hello.

There was earnestness in their words, and they eagerly hoped that Tang Wanxin, the strong man who had led Delong to this day, would come up with a solution and lead Delong out of the predicament.

Tang Wanxin strode to the central position, Tang Wanli sat first on his left, and Tang Wanping and Tang Wanchuan sat below him in turn.

The first person on Tang Wanxin's right hand is Huang Ping, executive president of Delong International Strategic Investment Co., Ltd. and president of the industrial fund, who holds 6.7% of Delong International shares.

Next to Huang Ping is Wang Hong, who was a director of Northern Securities and also holds 6.7% of the shares of Delong International Strategic Investment Co., Ltd.

Next to Wang Hong is Zhang Yeguang, the legal representative of Deheng Securities Co., Ltd. who also holds 6.7% of Delong International shares.

The three of them hold the same shares as Tang Wanli, Tang Wanchuan and Tang Wanping, which is 6.7%.

According to the tradition of China's board of directors, the power of the board of directors exceeds that of the management.

Huang, Wang and Zhang are the undoubted three giants within Delong.

Tang Wanxin's profound eyes slowly swept over each director, as if to imprint their appearance in his heart.

His performance made everyone around him secretly wonder what the big leader of Delong was thinking.

"Everyone, please sit down."

Tang Wanxin waved his hand.

Everyone sat down with different thoughts.

“Recently, there have been a lot of rumors about Delong outside, and there are also many institutions that are collecting debts from us, Delong. More people, including us at Delong, are very concerned about whether the Delong Group is really as qualified as the rumors outside. Debt repayment is on the verge of bankruptcy.

I have brought you all together today just to give you a solid foundation. "

Everyone was stunned for a moment, with different expressions.

They originally thought that they were called over anxiously this time to discuss how to solve Delong's current predicament?

Unexpectedly, Tang Wanxin not only failed to follow their ideas, but also wanted to show off his family wealth?

For a while, they couldn't figure out Tang Wanxin's thoughts.

“It has been 11 years since Delong developed in 1994.

Over the past eleven years, we have been united and dedicated, and the company has developed rapidly. Now it has more than 500 affiliated companies and nearly 300,000 employees. It is currently the largest financial and industrial complex group in China.

With book assets of nearly 120 billion Chinese coins, it is one of the top large-scale conglomerates in the world.

All this is the result of your hard work.

I, Tang Wanxin, would like to sincerely thank you all for your contributions to Delong. "

After saying that, he stood up and bowed deeply to everyone.

Everyone felt the sincerity in his words, and while being surprised, Huang Ping said quickly.

"Mr. Tang, you are too polite. Without the platform of Delong, we guys would not have achieved what we have now."

"Delong's success has created our success, and Delong's current success is all due to Mr. Tang's wise leadership."

"Mr. Tang, Delong is our common home."

…

Every word you say to me, most people are expressing their loyalty.

But the few people who knew Delong's inside story looked on with cold eyes and sneered secretly in their hearts.

Tang Wanxin saw this and felt a little guilty.

After signaling everyone to calm down.

"Thank you all for your love for Delong and for me. I, Tang Wanxin, feel sorry for you. Over the years, Delong has not developed well, but instead its debts have piled higher and higher, to the point where it is now irreversible.

This is my fault, and I, Tang Wanxin, apologize to everyone. "

With that said, Tang Wanxin bowed again.