If it were an ordinary nouveau riche boss with little knowledge, he might not be able to withstand their deceit, but this Mr. Xiao in front of him is a shrewd person, not to mention he is not short of money!

My current business is running well, why do I need you to provide financing? Besides, even if I am short of money, I have to go to the bank first!

Who do you think you are when it comes to venture capital? You're just a bunch of scavenging vultures, they just come here to take advantage when they see the benefits.

"By the way, Mr. Xiao, I have a few projects in my hands recently. I have evaluated them myself and they are all pretty good. Are you interested?"

President Feng suddenly remembered the business he wanted to see Xiao Feng for this time, and quickly brought it up to ask Xiao Feng. Xiao Feng was also stunned.

"Oh? What project are you talking about?"

"That's it, do you know Sanchen Dairy?"

"How could you not know? This is an old milk company in our city. I have been drinking their milk since I was a child! What's wrong? Something happened to their family?"

Sanchen Milk is a well-known old dairy company in Bincheng area and even in the province. It has always been famous for its fresh milk. For decades, it has been widely welcomed by citizens for its high quality and low price. It has always had a good reputation among Bincheng citizens.

good.

Xiao Feng is a loyal customer of this company, and all he drinks at home is the fresh milk produced by their factory.

"Haven't you heard? There is indeed something wrong with their family's business."

"Oh? I was abroad some time ago and I really didn't understand. Please tell me what's going on."

"Hey, isn't it just that their stock was sniped? There was a big fuss, and now their capital chain is a little tight."

Manager Feng briefly introduced the situation to Xiao Feng. Sanchen Milk was also unlucky. It was not that there was a problem with the product quality this time, it was just that the step was taken too far, and someone took advantage of the loophole and sniped at the stock market.

Already.

Xiao Feng really became interested in this project when he told President Feng. He had dealt with Mr. Feng several times and felt that he was quite reliable.

"Hi, the truth is this. Two years ago, Sanchen Milk wanted to build a new ranch in Jiangsu Province and buy milk there, so it borrowed a lot of money from banks and many financial institutions. Of course the project

They must have some involvement in real estate. In the past two years, the general environment has been bad and the real estate industry has been shrinking, so their capital chain has been relatively tight."

President Feng introduced it to Xiao Feng. They were also long-term cooperative customers with Sanchen Milk, and they were quite familiar with Sanchen Milk.

"As a result, this matter was known to an investment fund in the United States that specializes in shorting domestic companies, that is, the Muddy Waters Company. Then they began to investigate Sanchen Milk, and they found out that Sanchen Milk

Chen Milk has financial problems."

When Xiao Feng heard this, he was shocked. Could it be that Sanchen Milk had tampered with the milk and added melamine or something like that? If that was the case, he would be scolded. After all, he is the boss of Sanchen Milk.

I am a customer, and I am still drinking Sanchen milk.

"Hey, don't be afraid. It's not that there is anything wrong with the quality of Sanchen milk. Our family still drinks Sanchen milk. It's that there is a problem with their feed procurement."

President Feng was a human spirit. When he saw Xiao Feng's expression changed, he quickly explained to him with a smile.

"Then what exactly went wrong with the procurement?"

"Hey, it's just feed. You also know that we lack high-quality pastures in the country, mainly because the domestic land has been cultivated and developed for thousands of years and has insufficient nutrients. It cannot grow high-quality alfalfa, but high-quality alfalfa is

High-end feed is the most in demand in all ranches now.”

Xiao Feng agreed with what President Feng said. He used to do foreign trade food import and export, and he also went out of his way to understand how imported milk and beef were better than domestic milk and beef.

As a result, a colleague of his who had studied nutrition puzzled him. In fact, the good thing is the feed. If large livestock such as cattle, horses and sheep want to grow taller and stronger, the key is to eat more forage with high protein content.

Currently, the best high-protein feed known in the world to be suitable for this type of livestock is alfalfa.

Just like people, if people want to grow taller and stronger, they have to eat more foods high in protein, such as various meats, eggs, and milk. The same goes for livestock, but because they are plant-eating, they

Eat more plants with high protein content, and alfalfa is such a crop.

However, due to the lack of land nutrients in the northern pastoral areas of the country, coupled with years of blind mining for various industrial projects, which destroyed the natural environment, large areas of land in the northern pastoral areas have been degraded and desertified.

It is even more difficult to grow high-quality alfalfa. The few good quality pastures are all in the border areas and Mongolian provinces, and they have all been occupied by the two domestic dairy giants.

"...So, Sanchen Dairy Company also has several good pastures in our province, but the alfalfa produced is not enough for their own use, so they imported part of the alfalfa from the United States..."

President Feng explained the matter in detail, and Xiao Feng almost understood it.

"Is it possible that the problem is just with the alfalfa? But if we don't produce enough alfalfa ourselves, there's no problem in importing it from the United States?"

"It's really no problem, and the quality of alfalfa produced in the United States is quite good."

President Feng replied with a wry smile, and then continued to explain to him.

"But the bad thing about this is the previous publicity of Sanchen Dairy. In the past few years, domestic milk companies have been frequently exposed. In order to enhance consumer confidence, they publicized that their milk industry chain is completely self-sufficient.

They say they produce their own alfalfa and supply it to cattle farms for their own use, and the quality of the milk they produce is guaranteed, and they do not purchase milk from outside dairy farmers."

"Is there a problem with this too?"

"Of course there is a problem?"

President Feng's eyes stood up and he said.

"Muddy Waters didn't know where they collected the contract for purchasing alfalfa from the United States, as well as their embellished financial statements, and then threw it on the market. This was enough to cause panic. You also know that our country's milk

Something happened, and the Chinese people's trust in domestic milk is very low. What they are encountering now is that the propaganda is inconsistent with reality. Originally, our credibility was low, but now you say that all your cow feed is self-produced, but the feed is not.

Another major part is imported. You even lied about this and covered it up in previous financial reports without reflecting it. So is the quality of your milk trustworthy? You said you didn’t buy milk from dairy farmers from outside.

Who knows whether you got in or not? Did you mix anything into it? If you can falsify feed purchases, how real is the credibility of your financial statements?"

When President Feng said this, Xiao Feng finally understood that the capital market is very sensitive. Even if you just tell a white lie, if it is misinterpreted by someone with intentions, it will naturally cause an avalanche.

Especially in the past few years, domestic companies have engaged in serious fraud, and many scandals have broken out internationally. International capital has been frightened when investing in Chinese companies.

Even if your product is fine, as soon as negative news breaks out, your stock will plummet across the board.

As for what Muddy Waters was doing, he knew very well that it was an investment institution that specialized in finding faults in domestic companies, then creating panic and shorting domestic companies.

There are quite a few Chinese companies that have been cheated by them over the years. Of course, many of them have their own problems, but there are also quite a few that were deliberately smeared by him and then shorted.

"It's so damn good. This Sanchen Dairy is still a company listed on the Hong Kong stock market. What will happen after Muddy Waters Company throws out their order contracts and financial statements? Then Muddy Waters Company is suppressing it by selling short orders.

, causing market panic and causing Sanchen Dairy’s stock price to plummet.”

"You deserve it, who asked them to embellish the financial statements?"

Xiao Feng cursed, but President Feng looked at him with a wry smile and said: "They embellished the financial report, and they just attributed the cost of importing alfalfa from the United States to domestic purchases. In fact, there was no falsification in the data.

.”

"Oh? But who can tell clearly? Even if it is true, who is willing to believe it?"

"Indeed, the capital market also reacted in this way."

President Feng was really surprised that Xiao Feng could have such an awareness. He looked up at him and then continued.

"Of course Sanchen Dairy also launched a self-rescue. It was good at the beginning, but I didn't expect that the news of their falsified statements spread to the country. All the banks and financial institutions that had previously given them loans stopped working. They were afraid that there would be problems with their operations, so they came to visit them one after another.

If there is a problem in the stock market, they can still hold on, but if there is a problem in the country, it will be a disaster. Originally, the ranch they built in Su Province was

It didn't go well, and the capital chain was very tight. Now it was better. News of the falsified statements came, and the domestic banks and financial institutions that gave them loans all asked for withdrawals and early repayments. When both sides forced them, they stopped.

It’s bad, the stock market has been suspended after being cut in half, and the domestic banks and financial institutions are also in a state of distress.”

When President Feng told Xiao Feng about this situation, Xiao Feng was also frightened. This is the scary thing about the capital market. Yesterday you were prosperous, but today if something goes wrong, you will be in a doomed situation.

Think about it again, before, the people from Yingyue International came to persuade me to raise funds and then hype it up to go public. But screw him. There was a problem with the source of his beef, but he couldn't stand the scrutiny of others with a magnifying glass.

.

Think about the situation of Sanchen Milk again. More than a month ago, this was a listed company with normal operations. Who would have thought that it would become this virtuous overnight. From what President Feng said, it should be going bankrupt soon.

?

"Well, Mr. Feng, what exactly is the project you told me about? What does it have to do with Sanchen Dairy?"
Chapter completed!