I'm in the county town, and you say I'm a big shot?

Chapter 785 If the loan can't be obtained, this matter is probably doomed.

After returning to Nanxin, Fang Qingye refocused her attention on Jinghai Bank, while also closely monitoring the trends in the A-share market.

Everything unfolded as history has shown. As details of Longwei Media's acquisition of Wanjia Culture gradually surfaced, market attention continued to rise. Caixin Weekly, a leading financial media outlet in China, devoted a full page to an in-depth analysis of the acquisition, with a headline that directly addressed the core issue: "A Shell Game: Who is Manipulating Fifty Times Leverage?"

The report dissects in detail how the 60 million yuan of its own funds attempted to leverage a 3 billion yuan transaction, and traces the flow of funds in an attempt to uncover the real players behind this high-stakes gamble.

The article caused an uproar in the market as soon as it was published.

Renowned financial commentator Ye Shan wrote on Weibo: "When capital sheds all its pretense, what we see is not the empty shell of a company, but the 'Emperor's New Clothes' that the entire market tacitly maintains."

She conducted an in-depth analysis of the timeline from Longwei Media's registration to the announcement of the acquisition, pointing out that the company had no actual business operations in the months following its establishment, apart from this sensational acquisition.

This article was quickly and widely reprinted.

The legal community also considers this acquisition a hot case study. Senior securities lawyers repeatedly scrutinized the transaction structure at internal seminars, drawing a striking line in red between "60 million" and "3 billion".

“This goes beyond the scope of ordinary capital operations,” a partner wrote in an internal memo. “It challenges the bottom line of financial regulation.” In the law firm’s conference room, young lawyers worked through the night to study every detail, trying to find any possible legal loopholes.

Discussions within the financial sector were even more direct. At a morning meeting of Goldman Sachs China's investment banking risk control department, the case of Longwei Media was repeatedly cited as a negative example. "Fifty times leverage is unimaginable in any mature market," a risk control director emphasized in an internal email. "This is no longer a business decision, but a gamble."

The regulatory authorities also took action, with the Shanghai Stock Exchange issuing a clear inquiry letter requiring Zhao Wei's side to disclose in detail key information such as the source and cost of funds, and to fully disclose the relevant risks.

The rain is coming and the wind is all over the building.

Fang Qingye did nothing, but simply observed quietly.

However, Siu Kim-wah, who had been staying in Hong Kong, could no longer sit still. Due to unexpected setbacks in Longwei Media's acquisition of Wanjia Culture, the stock price began to fluctuate and continued to decline.

"Mr. Xiao, today Wanjia Culture's stock price broke through the 20 yuan mark during trading, but closed at 20.3 yuan." In the suite, assistant Chen Mo was reporting to Xiao Jianhua.

Seeing that his boss was just smoking and remaining silent, Chen Mo continued his report: "According to the investment analyst's assessment, if Longwei Media does not complete the acquisition in time, the stock price may fall to 15 yuan within a month. At that time, our contract with Anxin Future Trust will be automatically activated, and we must acquire Wanjia Culture shares in bulk at a price of 20 yuan!"

a month...

A bitter smile appeared on Xiao Jianhua's lips.

Having just received its first royalty payment of 3000 million yuan from Anxin Future Trust, it is about to be continuously drained of its resources!

"Mr. Xiao, I suggest you contact Mr. Zhao immediately to inquire about the progress of the acquisition. Even if the acquisition cannot be completed in the short term, a public statement should be issued to emphasize the determination to acquire the company, in order to boost investor confidence."

Xiao Jianhua pondered for a moment, then nodded: "Okay, I'll make this call."

He took out his phone, and the call was quickly connected, with a Mandarin speaker speaking with a Wuhu accent.

"Hello, Mr. Xiao, I heard you've been in Hong Kong lately, having a very leisurely time."

"To be honest, I'm not idle at all. I'm keeping an eye on Wanjia Culture's stock price," Xiao Jianhua said with a wry smile. "President Zhao, when will you be able to complete the acquisition of Wanjia Culture?"

"Sigh... I guess this deal is going to fall through."

Zhao Wei's words shocked Xiao Jianhua: "Why? Just because of those online discussions? What business is it of theirs!"

"Of course not entirely. The Shanghai Stock Exchange did send an inquiry letter, but that's not the key point. The most important thing is that I received a call yesterday from President Wu of CITIC Bank's Shanghai branch. Our application for a loan of 14.99 billion yuan was not approved by their head office."

"Why is that?!" Xiao Jianhua hurriedly asked. "President Wu said that we pledged 1.85 million shares of Wanjia Culture. Their head office is now strictly investigating this kind of 'stock pledge revolving loan,' and the policy has been tightened."

Xiao Jianhua was stunned and didn't know what to say for a moment while holding his phone.

On the other end of the phone, Zhao Wei's voice continued: "If we can't acquire it, then so be it... Here's what we'll do: I'll return the first installment of the 1.9 million yuan loan that Xizang Secret Bank lent me. I know you're short on funds right now. Thanks, President Xiao."

“President Zhao,” Xiao Jianhua suddenly snapped out of his daze, his tone turning cold, “You’re just saying you won’t acquire it? Didn’t you make such a solemn promise before? Doing this will ruin me!”

"What do you mean, Mr. Xiao?" Zhao Wei was a little confused.

"I made a bet with someone! I bet that you can successfully acquire Wanjia Culture!" Xiao Jianhua suppressed his anger and briefly explained the bet agreement with Singapore Anxin Future Trust.

"Huh?!" Zhao Wei was shocked. "Why would you do this? You're insane!"

"I've gone mad!" Xiao Jianhua roared. "You have no idea I'm suffocating under the weight of funding... Huazi Industry issued 316.8 billion yuan in a private placement to acquire a controlling stake in Huaxia Life Insurance, of which 30% was subscribed by companies under our Mintian Group, a total of 95 billion yuan! All of this needs to be absorbed internally!"

After a moment of silence on the other end of the phone, Zhao Wei said, "If you insist that I continue acquiring Wanjia Culture, regardless of the regulators' attitude, there's a funding gap right now. I can't rely on CITIC Bank anymore; you have to lend me the money."

"Are you crazy?! Didn't I ask XZ Mithril to lend you money?!" Xiao Jianhua couldn't help but blurt out a line from a movie.

“But it’s not enough now… If you don’t lend me the money, I really don’t have the funds to complete the acquisition.”

Xiao Jianhua was silent for a few seconds: "How do we borrow it? Who do we borrow it from?"

"Baoshang Bank".

Xiao Jianhua paused, then fell silent again. After a while, he said, "Let me think about it."

"Okay, Mr. Xiao, but please do it as soon as possible." Zhao Wei's tone on the other end of the phone became more relaxed.

After hanging up the phone, Xiao Jianhua briefly summarized the conversation to his assistant, and Chen Mo was shocked after hearing it.

how so? !

He immediately advised, "President Xiao, you cannot agree to President Zhao's proposal!"

"why?"

“If we also provide the remaining funds, wouldn’t that mean the entire 30 billion would be borne by Tomorrow Group? Besides, regarding the loan from Baoshang Bank… Mr. Xiao, do you know how much money our Mintian Group has illegally obtained from Baoshang Bank?” Chen Mo subconsciously lowered his voice.

"How much?" Xiao Jianhua looked up at him.

"Close to 1500 billion."

Xiao Jianhua's heart skipped a beat.

The Tomorrow Group practically regarded Baoshang Bank as its own treasury, but it never expected the amount to be so huge!
Suddenly, he burst into laughter.

"Then let's borrow another 15 billion. More debt doesn't matter, more lice don't itch... We can't worry about that now, let's get through this first!"

(End of this chapter)