Rebirth of the Golden Chaebol

Chapter 505: The Fisherman Gains

"Okay, let's meet and talk!"

In the office of Xingman Investment Company, Li Xinghe met with Wang Xin.

Wang Xin walked in with a pile of information and two dark circles under his eyes. It seemed that he had not slept all night.

"Is it okay?"

Li Xinghe said with concern.

"Men can't say no!"

Wang Xin put the information on the table and said proudly: "I have finished everything you told me, all the information about the Hu Group."

"This is what I summarized as some of the weaknesses of the Hu Group."

Li Xinghe picked up the document and looked at it. It was concise and clear, and he could see that Wang Xin was really attentive.

"The Hu Group is no longer a pure real estate company, but has developed towards diversification. In the past two years, Hu Qiang has focused on large shopping malls. Several large supermarkets in the city centers of Ming Province are run by Hu Qiang.

Get up."

Wang Xin pointed to a data mountain and said: "But I discovered one thing. Hu Qiang extended the settlement time with suppliers without authorization. This put a lot of pressure on suppliers, but because Hu Qiang

The group is large and powerful, so they don’t dare to complain too much.”

"According to my investigation, Hu Qiang has to pay a payment of nearly 2 billion at least every six months. Based on the last settlement time, the next payment will be half a month later."

"What's even more interesting is that the Hu Group currently has only 500 million in liquidity on its books, which is simply not enough to settle payments."

Li Xinghe nodded, "There is actually a deficit of 1.5 billion! This Hu Qiang is really brave."

"Yes! Even if we include the turnover of supermarkets, I calculated that it is not enough to settle the payment."

"Where's the loan?"

Wang Xin smiled proudly and said playfully: "This guy still owes a loan of 800 million to Bank of China! As far as I know, the day to repay the loan is coming soon. The installment is four years, plus interest, and the annual repayment amount is as high as 200 million.

thirty million."

Li Xinghe frowned, "Is that so nonsense?"

He owes money to suppliers and banks. It has to be said that Hu Qiang is indeed brave enough.

"There's even more nonsense!"

Wang Xin pulled out a piece of information and said: "Here! This is a private loan conducted by Hu Qiang. It is said that the amount of funds raised is as high as 500 million. Once the dispute over this fund breaks out, I am afraid that the reputation of the Hu Group will not be preserved."

Li Xinghe looked in disbelief. The total market value of the Hu Group was only tens of billions, but the total foreign debt was as high as two billion. This data just sounded false.

Hu Qiang is very ambitious and courageous. If the Hu Group breaks out, it will probably hurt many people and suppliers.

It's just that Li Xinghe doesn't understand. After all, Hu Group is an entity enterprise and has made a lot of money investing in large shopping malls. How can it have so many foreign debts?

Just as he was puzzled, Li Xinghe suddenly realized what Wang Xin said next.

"gamble!"

Wang Xin said: "This old guy got into the bad habit of gambling after he became rich. It was just a small gamble at the beginning, but later he made more and more, and the bets increased accordingly."

"I even heard that he goes abroad once a month to gamble heavily, and his gambling capital is as high as several hundred million."

"According to this method, no matter how rich your family background is, it will be destroyed by him."

"I see."

Li Xinghe nodded, this should be Hu Qiang's biggest weakness.

"The reason why Hu Qiang can rise so quickly in Ming Province is that I heard there is someone behind him. Have you found out who it is?"

Wang Xin smiled proudly, pulled out a few pieces of information again, and said, "That's him."

"Hedu Ningjia."

Wang Xin pointed to the photo on the profile, "This person's name is..."

"Ning Jiahao!"

Before Wang Xin could finish speaking, Li Xinghe blurted out in surprise.

Wang Xin looked surprised and asked: "Xinghe, do you know him?"

"How come you don't know me?"

Li Xinghe smiled bitterly. Ning Jiahao from the Ning family in Hedu, for the resort project, Li Xinghe and Xu Yiman went to Hedu in person to get it done, and it was the young man of the Ning family who came out to play.

"What's his relationship with Hu Qiang?"

"He is Hu Qiang's nephew. In other words, Ning Jiahao's mother is Hu Qiang's sister. They are nephews and uncles."

Wang Xin said: "Hu Qiang accomplished nothing at that time, and the Ning family didn't bother to have anything to do with him. Later, Ning Jiahao's mother secretly helped, and Hu Qiang also achieved something, and he had more contacts with the Ning family."

"Ning Jiahao, in particular, has a close relationship with Hu Qiang. He was the one who took Hu Qiang abroad to gamble, and it was he who led Hu Qiang down a path of no return."

"This is something Ning Jiahao can do."

Li Xinghe thought for a long time, and Wang Xin couldn't help but ask: "Xinghe, are you planning to take action against Hu Qiang?"

"Well, this person must be removed."

"If this information comes out, I think Hu Qiang will lose half of his life even if he doesn't die."

"I won't give him a chance to get back up again, so the Ning family's escape path must be cut off for him."

"This..." Wang Xin asked doubtfully: "The Ning family and Hu Qiang are relatives, how can we break up?"

"Then let them dog eat dog, and in the end we will benefit."

Li Xinghe smiled.

Wang Xin became even more curious, "Can they?"

"certainly!"

Li Xinghe said confidently: "It's hard to say about other families, but the Ning family..."

Ning Jiahao was dealt with badly by Li Xinghe, and the Ning family almost disappeared from Hedu.

In this case, they would do whatever Li Xinghe said.

But Wang Xin didn't know about these things. After learning all the information about Hu Qiang, Li Xinghe asked Wang Xin to go back and rest.

After pondering for a moment, Li Xinghe dialed the number of Ning Sheng, the controller of the Ning family.

When he learned that Li Xinghe wanted to see him, Ning Sheng didn't dare to question it at all. He put down what he was doing and got on the plane and headed straight to Qingcheng.

Standing outside the Xingman Investment Company building, the Ning family father and son were frightened.

The Ning family is already in decline. Outsiders may not understand it, but the Ning family knows that their family may never get back up again, and all this is thanks to Li Xinghe.

Now looking at Li Xinghe's company, they once again feel the gap between them.

Back then, Li Xinghe effortlessly brought about the downfall of the Ning family. Now, Li Xinghe could easily crush the Ning family to death with just a move of his fingers.

Under such circumstances, how could Ning Sheng dare to refuse Li Xinghe's invitation?

They rushed here non-stop, but they didn't know what Li Xinghe wanted from them.

"Dad, this guy is too cruel. Will our trip be in danger?"

Ning Jiahao said depressedly.

"Will not."

Ning Sheng was quite sure of this, "The Ning family has fallen to this point. There is no need for Li Xinghe to call us here specifically for this."

"Then what exactly does he want to do?"

Ning Jiahao asked curiously.

"It's hard to say."

Ning Sheng touched his chin and thought, "But this is a good time for us to get closer to him."

"ah?"

Ning Jiahao was stunned.

Ning Sheng said helplessly: "The Ning family has gone downhill. If Li Xinghe is willing to help us, the Ning family may have hope to rise again!"