sonnel appointment for Zeng Quanming was swiftly carried out; in addition to his original position as director of the city construction bureau, he was also concurrently appointed as director of the ci...Chapter 40: Debt

Càn had no choice but to confront the information exposed by this incident, as it was highly possible that it overlapped with what he would encounter in his later life and might confirm his vague suspicions all along. It was quite probable that a significant turning point happened in the Tang family, affecting them at their core and even altering Tang Wu's character and fate.

He made a call to Tang Wu: "Tang Wu, did you see today’s magazine Is your father the chairman of Tang Corporation"

Tang Wu sounded dejected, but still responded, "Yes, I’ve talked with my family. There's nothing wrong. Don’t believe what they say in newspapers and magazines. It’s all nonsense."

Su Cen had never asked Tang Wu about her background or pressed for details regarding Tang Wu’s father; Tang Wu also hadn't told Su Cen anything about this subject. The two of them had a natural understanding that these were things they would eventually come to know.

If Tang Wu didn’t say it, he wouldn’t ask. Su Cen felt that one day when he did learn the truth, everything might become clear.

And at this moment, by choosing to hold hands with Tang Wu, Su Cen had completely abandoned his utilitarianism deep within his soul. He simply wanted to tell himself personally whether it was Tang Wu herself or her dazzling presence in the eyes of people from lower social strata that he truly loved.

Did he love this girl or a goddess who only danced at the highest level of society in his previous world

The answer became clear: He and she ultimately grew together rather than passing each other by.

Mother told him that there were no major issues at home, just minor ones. The media loved to exaggerate things; one shouldn’t believe everything they said.

However, the newspaper clearly and explicitly outlines everything, so it's impossible for her to overlook it. According to what she has learned, although she might not be able to discern from subtle hints whether the reported content is exaggerated or not, she knows that fabrications cannot be described as convincingly factual.

The Donglin Corporation where Tang’s father resides was a well-established conglomerate in Shanghai with numerous properties and projects such as roads and bridges. It was certainly a reputable company. However, after the old chairman's passing, through some information relayed by the Shanghai union, this old Donglin Company was recommended to Tang’s father, who had the qualifications across all aspects to manage such an enterprise group.

Thus, the Donglin Group invited Tang’s father with an invitation letter, asking him to become the new chairman, of course with capital injection.

The Donglin Corporation was known and branded. After careful consideration, Tang's father felt it was a golden opportunity. Currently, without leadership, if he were to take over the Donglin Group and run it diligently, the benefits he could reap would indeed be substantial.

Who knew that Donglin was more bark than bite. While others might think its influence is impressive, even Tang's father was taken aback when he saw how thoroughly it had fallen apart. Previously, under the former chairman’s leadership, things weren't too bad and there was still hope to be seen despite operating at a loss. Now that the chairman has stepped down, those high-level executives who were well aware of the company's dire straits have quickly departed.

Upon hearing this news, creditors naturally flocked in droves. Tang’s father could bear the seven million debt deficit, but before the enterprise started making money, he was effectively giving away seven million dollars.

But these were not fatal blows.

New debt loopholes were exposed by media reports; an enterprise from Zhejiang Chaoyue City had sent a public letter demanding that Donglin Group repay their billion-yuan loan. Upon hearing about the current state of disarray at Donglin Group, they have already drafted a lawsuit to apply for asset seizure from the courts.

The situation is dire and imminent.

Once the freezing order takes effect, everything will be over. Eastern Forest Group's assets will be frozen, leading to a total collapse of operations. Projects that were supposed to generate returns for newly injected funds will also cease functioning, leaving Mr. Tang's tens of millions of capital completely wasted. According to media reports, Mr. Tang’s strategy was akin to playing Tai Chi, manipulating financial leverage; once this tens of millions is lost, his methods will be ineffective, and the Tang Group’s financial chain will face the risk of breaking at any moment.

However, Mr. Tang is not Superman, capable of supporting both Lin and the Tang Group simultaneously. This risky venture has ended in ridicule, thoroughly crushing him.

The creditors lurking beneath the surface have finally emerged; once they do so, it’s like a nuclear submarine surfacing with intercontinental ballistic missiles ready to launch. How should one respond

One needs information to act, and currently, Su Can can only rely on media reports about this incident. However, he is already able to discern the underlying issues from these clues.

A single company’s actions are enough for a financial magazine in Shanghai to report such a gossip-filled event in great detail, including the specifics of the other party preparing to submit an injunction request to court. What does this signify

This company likely has deep roots and substantial backing; its one billion yuan debt is also extraordinary. Both strategies are complex and intricate. The pressure from these maneuvers is immense—Su Can can even feel cold sweat breaking out when he puts himself in Mr. Tang’s shoes.

There's a kind of failure that is more humiliating than losing one's life.

Su Can feels extremely vexed, as this situation at the Tangs requires his intervention, but how should he proceed Should he sell his assets to plug this hole

Calculating things, Lin Guangdong’s Purple Carrot Media is worth about five million yuan, which someone might be willing to take over. The Shushan Stationery Factory could have a market value of thirty million yuan, given its recent expansion but lack of consolidation. Two Donghuang Malls in Chengdu and Xiaohai, excluding bank-injected shares, should amount to sixty million yuan at least—altogether, one billion yuan.

Collaborating with Mr. Tang could potentially overcome this challenge, but it would be a significant blow to their resources nonetheless. Recovering from the damage inflicted on Donglin Group remains uncertain; first and foremost, this huge sum of money is lost once spent.

This is the least intelligent approach and is not advisable. Su Cen secretly thought that his concern was causing him to be overly anxious. This matter could not be rushed; he needed to take personal initiative if he wanted to gather more information.

Fortunately, Su Cen had Li Lan's phone number, and Li Lan was someone who was relatively close to him.

Su Cen made a call. When Li Lan picked up and heard it was Su Cen on the line, she said, "I'm quite busy right now. Can you tell me what you need later"

Su Cen thought this was urgent business and softly replied, "Manager Li, I saw something about Uncle Tang's company in a magazine. I have a classmate who is very capable in law and comes from a family of lawyers. They are quite well-known in Shanghai. We can ask them for legal advice."

Li Lan sounded exhausted as she replied, "It won't help; we don't even have the contract. The other side keeps talking about Donglin Enterprise's promissory note and debt, but so far, we haven't found any contracts. How could we file a lawsuit My legal friends all told me that we're destined to lose.

Su Cen was genuinely shocked, "How can there be no contract for such a significant loan Where did the contract go"

"We don't know! The entire company is looking for this contract. We've searched through all our records and have been at it for two days straight. Not even getting any sleep last night, and we still can't find a single document!"

Li Lan was so frustrated that she didn't care who she was talking to; her tone was very sharp. Su Cen could tell that Li Lan must be under enormous pressure from this situation, which indicated how anxious Tang's father must be — this was a matter of life and death.

Su Cen said, "Then let me come over. I just want to understand the situation better before asking my classmate for special cases or solutions. Can you wait for me"

After some thought on the other end of the line, Li Lan finally sighed and agreed, "Alright then, please come over."e your dorm mate in a situation like this That's not fair.""Brother, you guys are quite united as a dorm. But this isn't any of your business. I'm going to teach this punk a lesson today." Qian Zhongy...