Beloved Enemy

Chapter 95

On the way, GuQingPei discussed with his Chief Financial Officer to get a full understanding the situation. Afterwards, he felt even more unsettled.

They have already spent more than 200,000 yuan on public relations to get this loan. The money was mainly spent on a particular vice director who is responsible for the financing of Bank X, but they did not expect this old man to be so ungrateful. He was immediately to be transferred, yet still patted his chest to reassure them that there would be no problems. Taking the money and enjoying the free entertainment, yet when he was transferred, he merely stood on the sidelines and did nothing.

The newly appointed vice director is a returning Ph. D from abroad in his early forties. What he wanted was future prospects; the monetary attraction was not greatly appealing to him. So right when he assumed office, whether it he was trying to establish prestige or to be strict, he re-audited all the recent mortgage loans that was currently in progress. This move was not directly aimed at them, just that he found some deficiencies in their conditions. These deficiencies could have been well concealed if the former vice director did not leave.

So now there is such a problem that has caused him a great deal of headache.

His company currently is in need of capital in all areas. A project that will be launched next month will almost exhaust all of the company's cash flow. If they don't have the capital by the end of the month, the company will face a breach in the funding chain. At that time, he can only use his own money to fill in the gap. Even though this is not a crisis that can't be solved, GuQingPei still hoped to avoid it completely because using that resolution method is too passive.

GuQingPei met with the project manager of the financing department in a café on a street opposite of the Bank X's headquarters. He has a good relationship with this person. They have had dealings for several years and have cooperated very well. It's best to find him to understand the situation.

Sure enough, it is along the lines of what GuQingPei had guessed. When this new vice director took office, he re-examined the documents brought for his review. He's obviously a very cautious person that is particularly strict on details. To pass his level of scrutiny, unfortunately, there is going to be a lot of re-work.

The project manager also said that recently the country's policies on real estate has hit the industry particularly hard. Now that the land can't be sold and the commercial housing is unmarketable, many people choose to use it as collateral to cash out from the bank. So at this time, it would be difficult to get a loan because there are too many waiting for money.

In other words, this implies that there is minimal chance of securing the funds.

GuQingPei is a bit frustrated, but this setback did not affect his judgment. He immediately asked someone to investigate the vice director's whereabouts to see what methods he could use to appease him.

After the conversation ended, he rushed to go see someone. In the car, he called several subordinates, explaining the work that needs to be done in order for him to take actions from various directions, sparing no effort.

When the call was over, GuQingPei took a long deep breath, leaned back against the seat and close his eyes.

The Chief Financial Officer looked over at GuQingPei and forcibly smiled, "Director Gu, you have worked hard."

GuQingPei half-squinted his eyes and smiled, "That, I should. You shouldn't be discouraged. You're the lead for this financing. Be positive. The company has just started out. It's reasonable to be encountering problems. Once this crisis is over with, all will be good. You need to fully believe in yourself."

"I will. You can be rest assured."

GuQingPei met with a leader again in the afternoon to negotiate the capacity rate. Because it is a private company and there are policy restrictions, he can only agree to give him a 3.0 capacity rate. Although this rate is unlikely to give him a loss (deficit) but the profit is not comparable to what he originally anticipated. GuQingPei is definitely not willing to agree so the negotiation did not go as smoothly.