Chapter 507: Give Wang Xiaobiao a Salary

Soon, the news of the night reached Wang Xiaobiao.

Looking at the revelations with solid evidence, Wang Xiaobiao was stunned.

He was very curious about how Yang Chen got these data.

It is no exaggeration to say that some data are not even remembered by Wang Xiaobian. How can Yang Chen investigate so clearly?

"What the hell is this kid doing? How did you collect all this evidence?" Wang Xiaobiao whispered in a depressed voice.

Soon, shareholders of Wanda Real Estate also saw the revelations on the Internet.

They quickly called Wang Xiaobiao.

Wang Xiaobiao hung one, another one, another one, another one, and he couldn't finish it.

So, in desperation, he could only open a video conference for shareholders.

If you don't explain it clearly to them, they will definitely keep calling like this, and each one of them must be in a hurry like ants on a hot pan.

Video conferencing begins soon.

Shareholders immediately launched a questioning mode to Wang Xiaobiao.

"Wang Dong, what's going on? Are the revelations on the Internet true?"

"Who is it? How can you find out so clearly? Are there undercover agents around you?"

"Wang Dong, we want to know if those revelations are true now, and we don't want to ask any more."

...

Wang Xiaobiao quietly listened to the shareholders chattering for a few minutes.

He didn't speak until they had said enough and the silence had settled down.

"Everyone is finished? Is there anything else to say? If not, I will." Wang Xiaobiao said very calmly.

The shareholders looked embarrassed and did not speak.

Wang Xiaobiao continued: "Then I'll say it. The revelations on the Internet are all true, and some data are clearer than what I know. I have to say, Yang Chen is really powerful, and he investigated me clearly. I admit that I am young Looking at him and treating him as an ordinary opponent is the biggest mistake of my life. But it doesn't matter, those are my legal income and I have the right to do whatever I want. I paid taxes, legal income, and You can afford any department to investigate. So, don't worry about it, okay?"

Shareholders don't do it as soon as they hear it.

"Wang Dong, you are too confident in yourself. Now is not the time before, the state has strict control over asset transfer. If there is really evidence to prove that you have transferred domestic assets abroad, you will definitely be punished by supervision. "

"The company really can't stand the toss. You have just been tossed once by your son, and if you are tossed again, then you can't play."

"Wang Dong, I hope you can take this matter seriously, don't be so confident, okay? I think you should listen to our advice this time, sell all your foreign assets as soon as possible, and get back your funds as soon as possible. In order to avoid anything unexpected in the future. Happening."

"Yes! We also think that Wang Dong should do this, cash out foreign assets as soon as possible and get back the funds. Forget we begging you, okay? If the company is seriously injured again because of you, it may be delisted. This is not our loss. How many problems, but directly lost all the principal, all the principal can't be recovered."

...

No matter what the shareholders say, Wang Xiaobiao still feels that his own legal property can be spent as he wants, and others have no right to interfere.

Even if any department really wanted to investigate him, he would stand up to the investigation and there would be absolutely no problems.

Therefore, he still said firmly: "Your suggestion,

I do not accept. If I really need to cash out foreign assets, I will cash out without hesitation. Hasn't it gotten to that point yet? Listen to the wind first, then make a decision. Don't be so anxious and afraid when something happens, okay? My entire net worth is here, I am not afraid, what are you afraid of? "

The shareholders gave him a "hehe" on the surface, but they were scolding him in their hearts.

He is not afraid, because he made his fortune on the company and is bound to the company.

But these shareholders are different. They have more investment opportunities, and there is no need to lose all the principal in a company like Wanda Real Estate.

But they can't do anything about it. Who let Wang Xiaobiao be the major shareholder and chairman.

They can only give advice, but they can't influence his decision.

Now, all shareholders can do is pray in their hearts that nothing major happens.

The reason why Yang Chen chose to expose Wang Xiaobiao's asset transfer at this time is that he has a deeper plan.

No, the Haicheng government quickly gave the response Yang Chen wanted.

The asset-liability ratio that Yang Chen and Mayor Wang mentioned before has now been confirmed.

The Haicheng government issued a red-headed document requiring all real estate companies operating in Haicheng to have an asset-liability ratio of no more than 80%.

If you exceed this standard, you will not be able to acquire land in Haicheng, and you will be prohibited from participating in the development of new projects in any form.

Including but not limited to investing in shares, registering new companies to indirectly participate in shares, etc.

Once the document was issued, it directly shook the entire real estate industry.

The asset-liability ratio of almost all real estate companies exceeds 80%, and many directly exceed 100%.

Because the real estate industry is special, leverage can be added.

Take ordinary people buying a house as an example, as long as they prepare a 30% down payment, they can buy a house.

A simple and rough calculation is equivalent to using 30% of the funds to do what can only be done with 100% of the funds, which is equivalent to adding more than twice the leverage.

Suppose a house is worth 1 million and a family buys it with 300,000.

Other factors, such as later bank loan interest, real estate appreciation and depreciation, are not considered.

It means that the family has only 300,000 yuan, but has a debt of 700,000 yuan.

The asset-liability ratio is as high as 233%.

Similarly, real estate companies will use the 30% down payment feature to leverage 100% leverage.

If the company operates well, the funds are recovered quickly, and part of the loan is repaid at any time, the asset-liability ratio can be controlled at a healthy level.

If, like Wanda Real Estate, it has been expanding its loans, only a small part of the funds will be used for loan repayment, and the rest will be used for dividends and continued expansion, and the asset-liability ratio will definitely be at a high level.

The latest asset-liability ratio of Wanda Real Estate is as high as 125%. If it is to be lowered to 80%, it will be greatly reduced by 45%, which means that they have to repay the loan of 562.5 billion immediately before they can continue to develop the project in Haicheng. Qualifications.

562.5 billion is not a small amount. Even if they cash out their reserve funds, financial products that can be used, land reserves, projects under construction and sale, they will not be able to make so much money.

But if they can't repay the loan of 562.5 billion, the No. 2 plot that they just spent 22 billion on, can't be developed.

Similarly, if they can't repay the 562.5 billion loan immediately and reduce the asset-liability ratio to below 80%, they will not be eligible to bid with Haisheng Group for the demolition projects of four communities including Linghua Community.

It can be said that Yang Chen's move was particularly ruthless, and he directly gave Wang Xiaobiao a paycheck.

Now let's not talk about creating trouble for Yang Chen, he can't solve his own troubles.