The Super Rich: Start from when the family business is about to go bankrupt!

Chapter 2 WPG0002: What kind of cheating rich second generation is this?
Transferring money may seem like a small matter to ordinary people, but it is a big problem to An Wuyang.

Especially when the Happy Life System indicated that the source of funds was obtained from overseas, An Wuyang put a big red question mark on the remittance channel.

What if the money was transferred directly from overseas to his personal account for unknown reasons?
So, the money was remitted in the morning, and the people went in at noon. If the explanation is not clear, they cannot get out at night.

Even if the remittance occurs within the country, what if it is transferred from a company account?
Not to mention whether the relevant corporate account has applied to open remittance to personal account, just the remittance from the corporate account to the personal account, as soon as the remittance is successful, the bank's risk control system has already issued an alarm!

Precisely because An Wuyang understood this knowledge, he asked the Happy Life System very carefully about how the channels for funds would be arranged.

'Based on the host's record of traveling to the Bald Eagle Federation, the system has registered a Bald Eagle Federation JPMorgan Chase bank account for the host, using this account as one of the host's overseas fund transfer channels. 'Happy Life System feedback information.

'Based on the host's identity as a Xia countryman, the system has applied for the W-8BEN form of the Bald Eagle Federal Taxation Bureau IRS for the host, declaring that he is a non-Bald Eagle Federal tax resident, thereby exempting him from capital gains tax in the US stock market and related taxes of the Bald Eagle Federal. 'Supplementary information of the Happy Life System.

'The funds obtained by the system from the US stock market will be used for legal and compliant cross-border remittances through the host's bank account at JPMorgan Chase, and will be used to pay the relevant personal tax fees incurred when entering Xia Country. 'Happy Life System Addition.

An Wuyang looked at the relevant information feedback from the Happy Life System in his mind. Through this remittance method and related settings, there would be no legal risk, nor the risk of being arrested at noon after remittance in the morning.

But there is still a small problem!

"Where did the initial capital of the system come from?" An Wuyang began to ask questions.

These details have to be investigated in depth, because if there is a problem, it will be An Wuyang himself who will go to jail. He wondered if this happy life system would go to jail instead of him?

As long as the way of transferring money through the Happy Life System is not to enter An Wuyang’s own account, and An Wuyang can transfer these funds at will, he will not ask any more questions!
'The initial capital of the system comes from BTC virtual currency, and all BTC virtual currency is obtained overseas, and the corresponding BTC virtual currency is generated before September 2017, 9. 'Happy Life System Feedback Information.

Xiaguo once announced that BTC virtual currency would be illegal in Xiaguo after September 2017, 9. However, BTC virtual currency obtained in the previous period would be legal as long as it was processed before the illegal time.

In short, the initial capital of the Happy Life System, the way to earn profits, the channels for reward remittances, etc. are all legal, compliant and well documented.

this point is very important!
Otherwise, if An Wuyang suddenly had an extra sum of money in his personal account, wouldn't that be asking for trouble?
To be honest, given An Wuyang's family conditions, he simply didn't care about the annual reward of more than 5000 yuan. After all, their Wugengtian Pharmaceutical Group's annual net profit could reach more than million yuan.

So An Wuyang really doesn’t care about any happy life system, he is very happy now!

After An Wuyang figured out the information about the Happy Life System, he yawned and fell into a deep sleep.

Neither the happy life system nor the unsatisfactory college entrance examination results can make the wealthy An Wuyang lose sleep. This is probably the confidence of the family business to earn half a billion yuan a year?
……

Around eight o'clock in the morning, An Wuyang was awakened by his mother Li Wenya, who reminded him to get up, wash, and prepare for breakfast.

An Wuyang finished washing up in the bathroom of his room, then came to the living room. His father An Huchun was already seated at the dining table.

"Have you checked your scores?" An Huchun asked first. "Yes, I checked it in the early morning." An Wuyang answered affirmatively, "With a score of just over 400, you can only choose some private second-tier universities."

Neither An Huchun nor Li Wenya were surprised that An Wuyang only scored over 400 points in the college entrance examination.

Isn’t it true that the mock exams before the college entrance examination can’t give us a rough idea of the situation?
"Although the score is a bit low, at least I can go to an undergraduate college." Li Wenya sighed.

"Everything is fine. We have something to inform you." An Huchun's tone was somewhat formal.

An Wuyang was secretly puzzled. Their family relationships were harmonious and their usual way of communication was relaxed and harmonious. Now An Huchun's tone suddenly became formal, which naturally made An Wuyang puzzled.

"This matter. This matter, um." An Huchun suddenly stammered and couldn't say it.

Li Wenya came over with a plate of fried eggs. She took over the topic and said, "The situation at Wugengtian is a bit bad. It is currently facing the risk of bankruptcy."

ha?
An Wuyang looked at Li Wenya in surprise, and then looked at An Huchun.

"Dad, Mom, are you worried that I will become a playboy when I go to college? Or are you worried that I will learn bad things?" An Wuyang asked sarcastically.

Li Wenya responded, "We do have such concerns, but what I just said is also true. Wugengtian is indeed on the verge of bankruptcy."

"No." An Wuyang was still puzzled. "I remember when I graduated from junior high school, I saw the group's financial statements in my father's study. The annual net profit at that time was more than 50 million, right?"

How could an established pharmaceutical company with an annual net profit of over 50 million be on the verge of bankruptcy within just three years?
This unscientific!

"That's why we say: We are not afraid of the second generation of rich people not doing their job properly, we are only afraid of them having entrepreneurial ideas." Li Wenya glanced at An Huchun.

An Wuyang subconsciously retorted, "I didn't start a business."

An Wuyang stopped talking halfway because he realized that he was not a second-generation rich. To be precise, he was a third-generation rich. His father was a second-generation rich.

An Wuyang looked at An Huchun with a puzzled look in his eyes. What on earth had his father done to bring the family business to the brink of bankruptcy?
An Huchun looked embarrassed.

Li Wenya explained on behalf of her husband, "After your grandfather passed away, your father took over the group and inherited your grandfather's will. He invested a lot of money in the modernization of Chinese herbal medicine research."

"In just three years from 2018 to 2020, the group invested more than million yuan in the field of Chinese herbal medicine research, but no effective research progress was made," Li Wenya added.

"This situation has consumed a large amount of the group's cash flow, to the point that now the group's cash flow is close to collapse. According to my preliminary audit investigation, the group's problems are very serious." Li Wenya is a senior partner at Mingjing Law Firm.

After her husband told her about the situation of Wugengtian Pharmaceutical Group, she joined forces with an accounting firm to conduct a preliminary audit investigation on Wugengtian. The specific situation could only be described as extremely bad!
(End of this chapter)