"Father, the situation is a bit uncertain. United Group should have misappropriated the money that it was going to pay to Germany in October, and at the same time made adjustments to the settlement."

"Close-up adjustment?" Old Agnelli raised his brow and asked his son very much, "How to adjust?"

"Since President Ziano is visiting the United States, for the sake of caution, all finances require collective review and discussion of management, which will increase the process and operation time. Therefore, the settlement of each order will be postponed by 10-15 working days. After the president returns to China, all processes will return to normal."

Old Agnelli tapped the handrail gently: "Tell me, what does this mean?"

"First, United Group's financial financials have cash flow problems, and now it needs to delay payment time; second, Leo is too young to suppress the management below. However, because he is alumnus of Ziano, he has become an assistant president at a young age. In terms of qualifications, experience, and level, any department manager of United Group may be better than him? Third..." Agnelli mused, "It is not ruled out that Leo launched a move to reduce a little loss, with 2 transactions in July 7.

The 0 million lira loan transfer has not been implemented. In August, the total loan transfer of 200 million yuan was added 0.3-0.5 percentage points as you told me. United Group also accepted... If you can postpone the payable by 10-15 working days, you can actually reduce interest payments for 2 weeks, a total of 52 weeks a year. Reducing two weeks can almost reduce interest expenses by 4%. According to the current interest rate of 7.3-7.5%, it is equivalent to offsetting 0.3 percentage points."

Old Agnelli nodded, his son still had a very clear understanding of financial management!

"No matter what the reason is, it means that the United Group is afraid of cash flow." Old Agnelli said happily, "Look, what a strong contrast... Ziano and Ida spend money in New York, but his group postponed settlement under the pretext that he was not there. What response do you think this kind of news will cause in the banking industry?"

Little Agnelli immediately understood it.

So, within two days, the news of United Group's funding problems spread wildly, and the business community looked at this news with a half-believing and half-doubted attitude: On the one hand, United Group's previous payments were much more refreshing than other large groups, and other companies basically delayed the settlement for 3 months. United Group usually can settle the next month, and many times even the last day of the previous month is settled. For suppliers, the credit is very good, so they instinctively doubt the news; on the other hand, United Group has certainly delayed payments. Although the official caliber was due to the increase in the process, and promised that the president would return to the parliament to resume, judging from the current situation, would it be a sign that it would be impossible to return to the country before 10 months?

The suppliers were skeptical, but they still did not waver. After all, they only said that they would postpone it for 10-15 days, so they still need to be considerate. Who has not encountered any trouble? It is not too late to start another attack.

But the banking industry has a much stronger response, especially several banks that comply with government instructions and guarantee loans with credibility are worried that if the United Group collapses and others can still get the collateral, but they can't even get the collateral. What should we do? Should we take back some of the sums of money first as a prudent attitude, and wait until the United Group passes the crisis or provides other guarantees before arranging a loan transfer?

At this moment, at the headquarters of United Group, Leo was also angry: "Which bastard is this piece of rumor that framed it? There is something wrong with United Group's funds? If United Group can have problems, will there be any company in Italy that won't have problems?"

Other subordinates, look at me, I look at you, I don’t know how to answer this sentence. In fact, they are clear about the inside story: in order to make up for the impact of partial loan transfer failure, with the president’s consent, Leo misappropriated the deposit paid to Germany in October, Contini said that he had raised the money and promised to be paid to Germany on time 10 months ago. As for the delayed payment of the accounts, it was a suggestion made by someone, and the reason was not the first and second items of Agnelli, which was precisely the third item of cost savings, Leo accepted it.

After all, Leo, like many management, doesn't understand why Contini had to catch United Group's payment period so tightly. Although we are not short of money, we may save a little bit...

Faced with such rumors and pressure, Leo, who was in charge of the command, decided to investigate the source of public opinion on the one hand, and on the other hand, he told Contini, who was still in the United States.

After receiving this telegram, Contini sighed: "It seems that someone in China is making up for us."

Antonio frowned and said, "Who is so bold? But the timing is very good. We are not here, and they are in a sudden trouble. Leo alone can't suppress them, let alone deal with the old foxes outside."

"Is it for political or economic benefit?"

"It's hard to say, maybe it's both... But from the point of view of the technique, it has a strong smell of large consortiums. Many consortiums use this to defeat competitive small and medium-sized enterprises." Antonio said solemnly, "When doing business in Italy, political connections are of course important, and economic connections should not be underestimated... You are like you, a young master, who is like never before... I lived in my 60s and have never seen a precedent."

"Leo has never seen it... He and the financial managers are bound by dogma and the things in the school!" Contini shook his head, "Why should I develop a good and fast payment system? It is to win over upstream and downstream partners. We give them some economic benefits. They can help us do a lot of things... This time, the mobilization of cooperative customers to boycott the Socialist Party is a precedent. Leo and they are not unable to settle accounts, but they are too smart to settle accounts. In the face of rising market interest rates, can customers understand it? Of course, can they! But if we need customers to cooperate in doing something in the future, do customers also need to understand the difficulties they have? If we do this, we will lose our appeal to customers."

Calligraphy is what Contini values ​​most. At this stage, what he wants is popularity and fame. Whether the United Group makes money or not is a trivial matter. He has never expected to make money at all. Even if he has to consider it, it will be a matter in the future.

"Of course, we have some problems here. We should tell the headquarters about the loan we obtained, and we cannot tell them vaguely not to worry, just use it..." Antonio laughed, "Master, if I didn't know that you had such a big vote in the US stock market, I would be the first to object to your troubles in China!"

"But this news cannot be said... If the news of us scattering so many American companies is exposed, what if someone sniped us in the stock market? These tycoons on Wall Street are even more powerful than we see..."

"That's the domestic matter?"

"Let Leo dispel the rumors, just say that there is no funding problem. At the same time, in order to compensate all customers, I will settle the monthly settlement in the first month after I go back, and settle it anytime..." Contini said, "Since Leo has made a public statement on behalf of the United Group, this face cannot be rejected, otherwise no one will listen to him in the future. What I want to do is to reduce the bad news to the minimum."

On September 21, United Group held a press conference to refute the capital chain issues, and at the same time repeated what Contini said, and swearing to ensure that the president will definitely return to Italy before the end of October.

"Even if the refutation is suppressed? If things in the world can be so simple, the news is not true or false, but people believe it... As long as someone believes it, the fake is true; no one believes it is true, the real is false..." Old Agnelli smiled dissatisfiedly, "Say hello to the two familiar banks, and let them recover the 100 million lira loan again on the grounds of monetary tightening and facing turnover difficulties. I see how the United Group deals with it."

"Another 100 million was missing?" Leo listened to his subordinates' report in disbelief.

"Yes, the other four banks said that they had a loan of 200 million yuan originally provided a credit guarantee. Given the current situation, they hope to implement the collateral and then arrange for a transfer of loans... It is best to wait until the president comes back before talking about this matter!"

"Bastard!" Leo finally got angry, "Are these bankers finished?"
Chapter completed!