My stepmother forced me to donate bone marrow, so I retaliated by slapping my scumbag father in the
Chapter 133 A meteoric rise followed by collapse, leaving behind a mountain of debt.
Those who were just comparing him to Shen Ze have now changed their tune.
"Shen Ze's Douyin is indeed impressive, but internet projects change too quickly."
"Sand and gravel mines are the resources that can be seen and touched."
"As long as the machines keep running, cash will be coming in every day."
"In terms of stability, Mr. Shen is still the better choice."
Shen Jianjun held his wine glass, finally releasing the pent-up frustration he had been suppressing for a month.
He looked around at everyone and said in a loud voice, "I've said it before, one or two investment mistakes don't mean anything."
"If I can grow Jianjun Group to a scale of hundreds of billions, I can bring it back to its peak!"
"Fifteen mines generating millions in net profit daily—and this is just the beginning!"
"It won't be long before all those who looked down on me regret it!"
As soon as he finished speaking, the door to the private room was suddenly pushed open forcefully.
The secretary rushed in, panting.
She ran upstairs, her hair disheveled and her face completely pale.
Everyone was startled by her.
Shen Jianjun's face darkened: "What's the rush? Can't you see I'm entertaining guests?"
The secretary, without bothering to explain, quickly came to his side.
She bent down and recited the newly issued ecological management regulations and the news that all fifteen mines must be shut down, word for word.
Shen Jianjun's smile froze instantly.
The wine glass in his hand stopped in mid-air, and his fingertips quickly lost their color.
A chill ran from his feet to the top of his head, and he stood frozen, shivering.
"What did you say?"
After a good ten seconds, Shen Jianjun finally managed to squeeze out those words.
The secretary turned pale and could only repeat, "The new regulations for river ecological management have just been officially issued, and all newly built mines must suspend operations for review."
"Our fifteen mines do not have complete historical mining qualifications, and some of them are located in newly added ecological control areas."
"According to the new regulations, work must stop immediately!"
Snapped!
The wine glass in Shen Jianjun's hand fell to the ground and shattered.
The private room fell silent instantly.
The wealthy men who had been fawning over him just minutes before all stopped what they were doing, and their smiles froze.
Sun Mei suddenly stood up: "Impossible!"
"The fifteen mines have only just started production, and the first batch of sand and gravel has already passed inspection. How can they be shut down just like that?"
The secretary's voice trembled with anxiety: "Mr. Sun, this isn't a regular inspection; it's a complete shutdown and re-inspection."
"The new regulations are very clear: all newly built mines with incomplete procedures cannot continue to operate."
"The regulatory authorities have already started notifying major mining farms, and our people have just received a call as well."
Shen Jianjun stared intently at her: "Is there any time to adjust?"
"no."
"Can the paperwork be reissued?"
"You can apply, but it must be re-approved according to the new standards."
"How long will it take?"
The secretary lowered his head: "The exact time is still uncertain, but the approval process for these kinds of minerals is already very strict. Now that the new regulations have just been introduced, it will only be slower."
Shen Jianjun swayed, then braced himself heavily on the table with both hands.
A loan of 6.9 billion yuan and 15 complete sets of mining equipment!
The cost of the site, labor, transportation, and installation swallowed up almost all the funds.
All those crushers, screening equipment, and transport vehicles were purchased based on maximum production capacity.
Once the mine stops operating, all the equipment will be idle.
Brand new equipment will depreciate by at least 30% once it enters the second-hand market.
Moreover, with fifteen mines selling equipment simultaneously, it would be impossible to find enough buyers in a short period of time.
It's not something he can sell whenever he wants.
Even if all of them are dealt with, more than six billion yuan cannot be recovered.
"What about Qian Hui?"
Shen Jianjun suddenly remembered the contract, and his face turned even paler: "What about Northwest Industry's 300 million-ton order?"
The secretary didn't dare look at him: "The contract stipulates that the minimum supply must be completed in the first month."
"If delivery cannot be made on schedule, Northwest Industry may terminate the contract and pursue losses related to the project."
"Because the total purchase volume reaches 300 million tons, the amount of default will be very high."
These words struck Shen Jianjun like a final, heavy blow to the chest.
The mine shutdown meant that he couldn't extract a single grain of sand or gravel.
If the goods cannot be delivered within a month, not only will they not make any money, but they will also have to pay Northwest Industry a huge penalty for breach of contract!
That's no ordinary order.
Northwest Industry has several large projects. If the supply of sand and gravel is interrupted, the losses from the work stoppage, the price difference in finding new suppliers, and the transportation and scheduling costs may all be attributed to Jianjun Group.
Even more critically, the more than 6 billion yuan loan from Mingzhu Private Bank is also about to mature.
Without cash flow from the mine, how will he repay it?
If the payment is overdue, the bank has the right to dispose of Jianjun Group's assets in accordance with the contract.
Equity, real estate, equipment—anything that is used as collateral can be forcibly sold to pay off debts!
More than 6 billion yuan worth of equipment has become scrap metal, a 300 million ton order has become a deadly contract, and a loan of more than 6 billion yuan is about to expire.
As pressure mounted layer upon layer, Shen Jianjun's face lost all color.
He opened his mouth several times, but couldn't utter a complete sentence.
Sun Mei stared wide-eyed, frozen in place.
She didn't understand the specific policies, but she understood one thing.
Fifteen mines are finished, and the more than three million yuan in daily profit that we just saw is completely gone.
Jianjun Group's last remaining funds are tied up in the mines, and now even the equipment can only be sold at a discount.
Northwest Industry is seeking compensation, and Mingzhu Private Bank is also pursuing debt collection.
All their assets could be used to fill this bottomless pit.
"How could this happen..."
Sun Mei's lips trembled: "Wasn't the first batch of goods just delivered?"
"The mine is clearly making money."
"Why introduce new regulations at this particular time?"
The wealthy people in the private room exchanged glances, their expressions increasingly complex.
Just minutes before, they were praising Shen Jianjun for finding a new project to turn his life around.
Now that the policy has been introduced, all the praise has become a joke.
A business owner took out his phone, just about to check the news, when a notification about the new policy popped up on the screen.
Immediately afterwards, other people's phones also started ringing one after another.
New regulations for river ecological management have officially come into effect!
"All new mines must be halted for review!"
"Mineral approval standards have been tightened across the board!"
The same message was transmitted to everyone's mobile phones at almost the same time.
Some people quickly read through the details and couldn't help but gasp in shock.
"Were all fifteen mines owned by Mr. Shen newly built?"
"Without historical mining qualifications, it's impossible to pass the first round of review."
"The equipment had just been installed when the new regulations came into effect. This time, we've really lost everything."
"There are still 300 million tons of orders. If the first batch of goods cannot be delivered within a month, Northwest Industry will definitely seek compensation."
"The 6.9 billion loan is due soon, isn't it?"
These sounds weren't loud, but they clearly reached Shen Jianjun's ears.
Shen Jianjun was still leaning on the table, his face deathly pale.
One of the business owners who had previously apologized suddenly asked, "Mr. Shen, does the investment in the mining project we just discussed still stand?"
The person next to him immediately frowned: "Now that the new regulations are in place, what's the point of investing?"
"I was just asking."
"Mr. Shen, is it possible to obtain the necessary permits for the mining farm?"
"If we can resume production as soon as possible, the 300 million ton order is still very valuable."
Another wealthy man looked at Chen Wen and asked, "Mr. Chen, does Mingzhu Private Bank have any insider connections?"
"Since the bank is willing to lend 6.9 billion yuan in one go, they must be very optimistic about this project, right?"
"Is the new regulation just a temporary halt to work, or will mining be prohibited altogether in the future?"
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