RBCT Chapter 977: Let Time Take Its Course
Chapter 977: Let Time Take Its Course
The investigation results came out the next day.
After inviting Zhang Gaolei to his office, Huang Xiaochuan presented the investigation results directly to Zhang Gaolei.
"Although this Huaqinglv Industrial Co., Ltd. uses the name of Huaqinglv, it is essentially just a private company. It only has some indirect investment relationship with Huaqinglv, which has a real state-owned background. The company's control is completely in the hands of that Song Kun. Moreover, he uses the Huaqinglv brand to boast to everyone about his so-called state-owned background. He also took advantage of this to use the stones in that garden as collateral to obtain a lot of loans, and not just once."
Zhang Gaolei flipped through the investigation materials, becoming increasingly alarmed as he read, his face turning pale: "This is outrageous! What kind of stone could be worth tens of millions? Have the bank's loan officers lost their minds?"
Huang Xiaochuan, however, remained calm: "The world is full of wonders. This world is actually just a makeshift operation, full of all sorts of messy things."
"A makeshift operation?" This was the first time Zhang Gaolei had heard someone use this term to describe the world, but upon reflection, it did make some sense.
Huang Xiaochuan didn't explain to Zhang Gaolei where the description of the "makeshift team" came from. Instead, he continued the previous topic, saying, "That guy surnamed Song used information asymmetry and some inside connections to get these financial institutions to recognize his company. In the end, it's a win-win situation. Everyone involved is definitely involved in some kind of interest issue, so the risks behind it are very high. If something goes wrong in some link in the future, or if there is an audit or verification by a higher-level unit, Song will be exposed. At that time, all the funds that passed through his hands may be traced back. Think about it, if you cashed out your shares at a premium through him, will that money be considered as illicit funds in the future? Even if you can prove that you were unaware, the long investigation and various disputes will consume most of your energy."
"By then, this man surnamed Song had already laundered the money he had acquired, then found a country to live a life of luxury under an assumed name or by changing his name, leaving all the mess behind to you and me."
Zhang Gaolei then realized the seriousness of the situation. He was not entirely without vigilance at first, but he was quickly misled by the premium offer and the strength the other party showed him.
Now that his friend has pointed out the root of the problem, he has realized the enormous risks involved, but he still has one question.
"Then why would he buy my shares? And why would he be willing to pay a premium?"
"Money laundering, I can't think of any other reason besides that," Huang Xiaochuan stated his analysis directly.
"He certainly doesn't want to keep the loans he obtained through fraud in China, because they could be recovered if things go wrong. So he wants to convert that money into international assets, firstly to gradually launder his money, and secondly to preserve and increase its value. The stocks you hold, although their value has declined due to the financial crisis, are still stocks with relatively high market recognition. The premium that Mr. Song agreed to for you is probably the cost he's paying to achieve his goal. Anyway, these costs aren't his own money; only after he gets the stocks can they gradually become his money. Do you understand?"
"You bastard!" Zhang Gaolei cursed angrily. "I almost got caught in a trap."
After he calmed down a bit, he thanked his friend: "Xiao Chuan, thanks to you, otherwise I might have suffered a great loss."
Huang Xiaochuan waved his hand and said frankly, "Helping you is also helping myself. The money you get from reducing your stock holdings will definitely be used to buy back Huaxin's shares from me, and I'll be implicated too!"
Zhang Gaolei nodded, then asked, "So what should we do? Call the police? Or report him?"
Huang Xiaochuan shook his head: "The chain of evidence is not yet closed. All his current operations are still cloaked in legality on the surface, and he has definitely taken care of his relationships with superiors and subordinates. There are definitely many people involved in this matter, so reporting it may not be useful."
"So we're just going to let this old bastard get away with it?" Zhang Gaolei was somewhat unwilling.
Huang Xiaochuan smiled slightly: "Of course I won't let him have his way."
He told Zhang Gaolei his idea, and Zhang Gaolei nodded repeatedly, saying, "That's what we'll do!"
Shortly afterward, Huang Xiaochuan, a world-renowned economist, was invited to speak at a symposium discussing the current financial situation.
He started by discussing the global financial crisis and then gradually moved on to the financial risks and lack of regulation in some areas of China.
"I have recently noticed an interesting phenomenon: some non-traditional assets, such as ornamental stones and works of art, are being given extremely high valuations and used as core collateral for large-scale financing."
I think this is where we need to be wary. In the financial sector, the reasonableness of the assessment, the liquidity of the assets, and the actual operating conditions and repayment ability of the financing entity must withstand scrutiny.
Especially when certain financing entities use their state-owned background to make financing requests, investors and financial institutions must see through appearances and understand the true nature of the matter.
Otherwise, if the valuation bubble bursts, or if its underlying structure is fabricated, the potential for a chain reaction of risks would be extremely high.
Although the statement did not name names, it quickly spread within financial circles, and some financial journalists began to investigate cases of using ornamental stones as collateral for financing.
At the same time, Zhang Gaolei also informed Song Kun with some helplessness that due to the adjustment of the overseas company's equity and the opposition of the shareholders, it would be inconvenient to transfer those shares in the short term, and the previous negotiations had to be put on hold.
Song Kun was naturally very disappointed, but he couldn't force the issue, since the decision to sell was in the other party's hands. He had no choice but to look for a suitable target again.
But less than a month later, he felt something was wrong. He had already reached an agreement with a trust company, and all the relevant personnel had been taken care of. He was just waiting for the review, approval, signature, and loan disbursement.
Suddenly, their attitude towards the loan became negative and hesitant, and they even requested a more detailed and independent third-party assessment report.
Another local commercial bank that had initially expressed interest told him that the higher authorities required him to go through the approval process again.
Song Kun encountered many troubles for a time, but he did not realize that this matter was related to Huang Xiaochuan. He decided to continue to look for new financing targets and funding channels, and his plan would continue to be implemented.
Huang Xiaochuan knew very well that it was only a matter of time before Song Kun collapsed and was arrested. He had already set up obstacles for him, so he would leave it to time and the rules to handle.