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Chapter 73 The Great Counterattack (1)

ps: 1 time to make up for the owed, and 1 time to owed the normal update, 2 times to reward, 1 time to owed the monthly ticket, and 4 times to owed the total…

"There are several banks that are nervous about their money and refuse to lend money? Some of them say they want to wait for me to go back to negotiate a mortgage contract before transferring the loan? Leo can't talk to them?" Contini, holding the telegram, made a "tsk tsk" voice, "This drama seems to be getting more and more interesting. Who is the mastermind behind the scenes? I became vaguely curious."

"Young master, please transfer the money back first...at least it can calm people's hearts."

"No!" Contini shook his head, "The funds cannot go to Italy yet, so go to Switzerland first."

"Switzerland? Why?"

"I want to see how many bastards will jump out and clean them up together... How did my reputation come about? It's not about patience, pleasing, or flattering, and fighting bravely!" Contini smiled, "Besides, I hurried back to China, there are also confusions on Wall Street. I can't let this situation become a laughing stock."

"That's the country?"

"Go back 3 million US dollars first, let Leo settle the situation, and there will be big problems with normal funding operations." Contini asked Enzo, "How many days will the ship go?"

“3 days.”

"Enough time!" Contini said, "Tomorrow's holiday, let the brothers take turns shopping, each person is given $1,000...only shopping, no other occasions are allowed, especially not to go to the window girl... You know what I mean!"

Enzo held back his laughter: "I understand, president!"

"In 10 days, let Leo release a message. Because I was not well-behaved and got infected with the cold, the doctor told me that I needed to rest, and I would postpone it until around November 15 before I could return to Italy."

"Master? Are you?"

"Look at what the social trend is? Then see if there are any people who can't hold back and sting inside."

"This is a very dangerous move, and it is easy to get fire..."

"It's the first time I've used the strategy on the edge of war... "Contini smiled. "As long as the more than 60 million arrives in Switzerland, wouldn't it be easy to go to China? I think... With such a large size in the United Group, if it is always controlled by the banking industry in finance, we must have our own channels. I will no longer want to keep our lifeline and capital trends in the hands of others! Otherwise, we will face great difficulties in the future."

Late September has passed... Early October has passed... The debt storm surrounding United Group has not yet disappeared. Seven banks have collected loans for various reasons, with a total amount of up to 340 million lira. Contini arranged a total of US$10 million in transfers. In the meantime, Contini arranged a total of US$10 million. In addition to the 6 million in Germany, there were 4 million to fill the gap. However, this was only 8,000 lira. The difficulty of Leo dealing with it began to increase. Originally, the postponement of payments that had been agreed to be postponed to more than 15 working days, and some of the larger payments were even postponed for 18-20 days.

This is undoubtedly a problem with the credit, but it is still in a tolerable range of days. The customers expressed their understanding, but they only slightly controlled the delivery scale and batches, and there was no clear interruption of supply. Leo knew this well, but did not stop it. On the contrary, he believed that this was a healthy inventory turnover method. In the past, the group's procurement was too grand. In the early month, the entire month of procurement of materials was measured from the perspective of refined management. Is this a total waste...

On October 21, there were still 5 days before Contini returned to Italy. United Group issued the latest statement: Because the president was infected with cold during the inspection, he needed to rest in bed for 10 days according to the doctor's advice, and the return date would be postponed, but Mr. Antonio would return as scheduled to preside over the overall situation.

This news immediately ignited the banking industry: Didn’t you agree to return to China at the end of October? Why was it delayed again? Is it really sick or fake sick?

The last few banks that were still waiting and watching were also shaken and collectively found Leo: saying that their loans that expired at the end of October can be transferred, and the conditions remain unchanged, but they must wait until President Ziano appears before arranging. If the loan expires during this period, United Group must repay the loan first.

Of course, in order to prevent the irritation of the domineering president and Leo, these bankers expressed considerately that they could help United Group introduce bridge loans (the so-called bridge is a third party that provides a short-term lubrication and advance payment between two loans. The term is not long and the interest is very high. If the renewal of the loan cannot be operated, the bridge loan will directly become a usury that crushes the company. There are countless Chinese private enterprises who die from bridge loans. Readers who want to know more can Baidu on their own). Of course, the interest must be accompanied by 25% annualized market!

Leo politely sent away the group of people, and couldn't help but sneer: 25% of the bridge? It's so dark. But he turned around and was glad that if Contini hadn't ambushed nearly 50 million in Switzerland and nearly 1 billion lira, he wouldn't have dared to play like this at all.

"Father, United Group said Ziano Xiao is going to postpone his return to China..."

“What’s the reason?”

"Get ill!"

"What a good excuse. September says October, October pushes November. Can you find other reasons in November?" Old Agnelli laughed, "Just change his name and return to China next month. If you don't come back anyway, you won't hide in the United States to hide from debts, right?"

"This is quite creative!" Agnelli also laughed, "Can you hide for a while and still be able to hide for a lifetime?"

"Let them add fire... Also, those who have already paid the advance payment and have not yet received the motorcycle can also complain and ask for a refund... See if they can return it."

With the intentional or unintentional fuel, there have been many waves around the credit level of United Group. For the needs of daily payment, Contini allocated another 3 million US dollars to the group. In the banking industry, this fund was considered by the banking industry to be the high-interest funds borrowed by United Group from other places. Not only did they not dispel their doubts, but they became more and more anxious. Everyone was waiting for their loan to expire and then prepared to collect accounts in advance. Contini also had Mussolini!

On October 26, the Genoa officially landed. The reporter who had already arrived suddenly discovered a shocking fact: Contini appeared in the crowd all the time, so how could he look sick?

"Mr. President, didn't you say that you need to delay your return to China if you are infected with the cold?"

"Yes...but considering the high number of domestic affairs, I still endured the illness and got on the boat. After a journey, I felt that I had completely recovered." Contini laughed confidently, "After all, I am just a 21-year-old young man. The doctors may be too worried, but in fact, I am in good health. I can run, jump, eat and sleep. Look, am I completely recovering now?"

"Congratulations on your recovery from illness..." Another reporter stepped forward and said, "The market has a vague concern about the credit and payment of your group, thinking..."

Contini waved his hand confidently: "There is nothing to worry about. We will hold a press conference tomorrow, and the funds will be paid in full, in full and quickly!"

"This visit to the United States has gained a lot. United Group has established cooperation and strategic procurement agreements with a series of well-known large American conglomerates such as Westinghouse, General Electric, General Motors, Standard Petroleum, Citibank, Bank of America, Chase Manhattan Bank, American Steel, Wright, DuPont, and Alcoa. It is expected to deliver goods, equipment, products and services worth US$40 million within two years. At the same time, the Group has obtained more than US$60 million in low-interest funding support, and the interest rate is much lower than the Italian average..."

As soon as the news was released, the audience was immediately shocked, and the reporters whispered and whispered.

"The president is very concerned about the order settlement issues of United Group suppliers... Therefore, we will use a unique on-site signing and approval method to approve the payment of goods..." Leo smiled, "It is already the 27th today. In order to get the payment of goods by the end of the month, we will start to approve the bill now!"

One after another, the suppliers came on stage to submit the payment notes that had been approved in advance. Contini didn't look at them, just signing them in a vocal way, but this time all the bank accounts given to them were branches of the Second National Bank of Switzerland in Italy.

"Since all the people who came here this time were US dollars, they passed the Swiss transit. If the suppliers were willing to withdraw US dollars, they would directly withdraw the US dollars. If they wanted to withdraw the lira, they could exchange it on the spot." Leo explained the whole story with a smile, and then handed the microphone to Contini after signing it.

Everyone held their breath and waited for the domineering president to speak...
Chapter completed!
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