516: Chapter 516 Chairman Zhang, You Must Obey Me

Qin Chuan listened to Chairman Zhang's explanation, a cold sneer forming in his heart.

"Keep bluffing, go right ahead."

Chairman Zhang, completely unaware that he had been seen through, maintained his pathetic act. After playing the victim for a while and saying many pitiful things, he finally revealed his true purpose.

That was to get loans and secure funding.

"Secretary Qin, to tell you the truth, our Green Guiyuan Real Estate is already over 140 billion in debt, and our capital chain is on the verge of breaking. It's not that we don't want to finish building the houses, but we really have no money left."

"The general environment is like this; it's not just our company. In the real estate sector, high corporate debt is a common phenomenon. We are actually doing relatively well; as long as we have money, we can resume work immediately."

"Secretary Qin, you are a high-ranking leader, you cannot just stand by and watch us die. If our Green Guiyuan Real Estate Group falls, at worst, it could trigger a chain reaction in the Xilin City real estate market; at best, it would cause tens of thousands of people to lose their jobs and affect tens of thousands of families..."

It was no wonder this guy could build such a large enterprise; his acting skills were on point. It was a real pity he didn't become an actor.

If it were anyone else, they might have actually been fooled by him.

Qin Chuan had already investigated everything clearly through his system; he only wanted to hear the truth, not his empty bluffs.

Seeing that this guy was getting more and more into his act, Qin Chuan waved his hand to interrupt him. "Chairman Zhang, I didn't call you here to listen to your nonsense. My time is precious."

Checking the time, Qin Chuan said, "I am giving you an ultimatum: within three days, the Xuefu Residential Complex must resume construction; within three months, the inspection must be completed and handover must begin; and within five months, the delivery of all houses must be completed."

What! His attitude was so firm!

There was almost no room for negotiation!

Stunned for a moment, Chairman Zhang realized the situation. He stopped playing the victim and dropped the act, deciding to show his cards directly.

"Secretary Qin, if we are to achieve this, you need to help us put in a word with the bank. We need at least a 10 billion loan."

Heh. Still wanting a bank loan? Keep dreaming.

You already owe the bank over 100 billion, and you still want to take out loans to fill this bottomless pit? Not a chance.

Qin Chuan directly shattered his fantasy. "Don't even think about bank loans. As far as I know, you still owe the bank over 100 billion."

Chairman Zhang gave up. "Secretary Qin, without bank loans, I'm no god. I'm afraid I cannot comply. The Xuefu Residential Complex cannot resume work. And I must remind you, without the injection of loans, several other residential complexes we have under construction will also cease work one after another."

Upon hearing this, a cold sneer appeared on Qin Chuan's lips. Damn it, you are trying to blackmail me.

If it were someone else, they might have really been blackmailed, feeling forced to provide loans and forced to watch one project after another become unfinished buildings.

But Qin Chuan knew Chairman Zhang and his company too well; he had already investigated everything clearly through his system.

Qin Chuan said, "Without bank loans, you can save yourselves. Raise the funds on your own."

Chairman Zhang said, "If I could raise funds, I would have done so long ago. I've tried every method I could think of, but I simply can't get the money."

Qin Chuan said, "Then let me remind you and give you a few pointers. First, you can sell off some fixed assets. For example, some of the commercial plazas under your company, as well as your property management companies, movie theaters, and so on—all of them can be sold."

"Take advantage of the fact that the market is still okay and the real estate sector hasn't completely crashed yet. Sell whatever you can. Look at Mr. Wang; his military background really makes a difference. He has already started selling off various assets. You could learn a thing or two from him."

"If selling these assets isn't enough and the funds are still insufficient, you can dip into your own private assets. Don't think I don't know that you've siphoned a lot of money out of the group. The result is that the group is losing money, while your own pockets have become fat."

"That money you took from the group, pay it all back to me now. Be obedient and do as I say. Don't force me to resort to certain measures."

By the end, the tone was quite stern, and he believed Chairman Zhang could understand.

Don't look at him as the richest man in Xilin City or the largest local real estate developer; in front of Qin Chuan, he was simply insignificant.

If he didn't listen, dealing with him would be far too easy.

Ten-thirty arrived quickly, and Director Xiao Xueli knocked on the door to remind him. Qin Chuan waved his hand and said, "Chairman Zhang, let's stop here for today. After you go back, get moving immediately."

Chairman Zhang felt very depressed as he left the Xilin Municipal Committee.

Returning to his president's office, he sat on the sofa, having no heart to work, his mind still filled with Qin Chuan's words.

Be obedient, sell off assets for cash, and even dip into his private pockets.

Within three days, the Xuefu Residential Complex must resume work...

He felt a massive headache, wanting to blurt out: "Screw you, I won't be obedient, what can you do to me?"

But he truly didn't dare to say it, nor did he dare to think it. Having been in this business for so many years, he knew deep down what the consequences of being disobedient would be. If he wanted to deal with him, it would be as easy as pinching an ant to death.

Sigh... With a long sigh, Chairman Zhang made up his mind. Start selling assets; those assets could be sold to raise money.

He sat there and began to think carefully.

As for dipping into his private pockets, he would not consider that at all right now. Although his net worth was 70 or 80 billion, that was his own money, not the company's money.

Three days later.

Qin Chuan was in his office reviewing some documents when a knock sounded at the door, and Director Xiao Xueli pushed it open and entered.

"Leader, I need to report a situation to you."

Qin Chuan put down his pen. "Hm, tell me, what is it?"

Director Xiao Xueli reported, "Leader, early this morning, the Xuefu Residential Complex resumed construction. Green Guiyuan Real Estate started selling assets two days ago, and the first batch of assets has already been sold, raising over a billion in funds..."

After hearing the report, Qin Chuan thought to himself that this Chairman Zhang was quite sensible and obedient; he would just wait and see how things developed.

If he remained obedient, he wouldn't touch him.

But if he dared to be disobedient, he would be sent inside to work the sewing machine.

Whether it was Chairman Zhang himself or his company, there were numerous violations, and it would be very simple to have him locked up. But that was not the primary option; the main hope was that the projects would not become unfinished buildings and that the common people who bought the houses would not be screwed over.

People work hard their whole lives, and it's not easy to buy a house, only for it to end up unfinished, with the handover date nowhere in sight, while they still have to pay off their monthly loans. Who could they turn to for justice?

"Hm, I see. This Chairman Zhang is still obedient. Keep an eye on him for me. If any more projects stop work, report it to me immediately."

"Don't worry, Leader, we will keep an eye on it," Director Xiao Xueli replied.