Rebirth: Super Banking System

Chapter 742: Chapter 643 Loan meeting, spectators turn into actors (seek subscriptions!)_2

Qi Qi swallowed nervously.

A gold mine worth ten billion RMB.

An oilfield worth five billion.

It’s not that they didn’t have these, they were just envious to see these in Ling’s hands.

Especially the fruit wine, valued at 350 billion RMB. This price was not considered inflated by them because they understood the popularity of the fruit wine on the global market. Once it was listed, its market value would skyrocket.

How envious they were.

It was a sentiment shared by all of them.

Kundun was no exception. When he heard that the fruit wine was also offered as collateral, he was no longer surprised. The fruit wine was worth that price. He began to hope. If the fruit wine could be priced at 350 billion, then it could also be priced at 400 billion, 500 billion.

Given the momentum of the fruit wine business.

It was not a difficult feat.

Kundun felt as though he had found a breakthrough.

"Deputy Leader Ling, I think the valuation of the fruit wine is too low. I believe a valuation of 600 or even 700 billion would be not unreasonable. The annual sales of the fruit wine are no less than 200 billion RMB, and this is your factory price. The retail price is close to 500 billion every year. Your valuation of just over 300 billion is definitely a loss," Kundun analyzed.

Talking about this stirred up greed in Kundun’s heart.

Fruit wine.

It was like a money-printing machine.

However, Ling was not an average person but a person of equal standing to Kundun. Kundun did not have the courage to forcefully rob this ruthless person, because no one would join him in this madness, at least no one would stand by him at the moment.

After listening to Kundun’s speech.

Ling fell silent.

The conference room once again fell into a tense atmosphere.

The arguments they had prepared were suppressed by the acknowledgment of the fruit wine as collateral.

They had previously thought that Ling was prepared to use ’fixed assets’ which could not have their valuation increased. But now, since he had brought out the fruit wine, an active collateral, to them it was good news.

Compared to letting Ling bring more collateral.

Increasing the value of existing collateral seemed much easier to operate.

President Cai thought that Kundun and others were quite lucky. Without the fruit wine, it wouldn’t be easy for those below to have Ling bring out more.

After a dozen seconds.

Ling seemed to have made a significant decision.

"I have no objections, as long as you can pay the interest and don’t put me in a position where I have to give the collateral to Huaxia, I don’t mind. But, I hope to supervise the use of this money. Where you decide to use it is up to you, but I need to make sure it actually gets used," Ling said with a strong undertone of distrust.

However, nobody cared about this at the current time.

What they cared about was the fact that Ling had agreed.

Supervision.

It was already within their expectations.

Moreover, they were not going to embezzle this money. They were not foolish, their profits were already quite substantial with just the regular projects. There was no need for any fraudulent practices.

Overall.

They saw their own appetite as quite ’elegant’.

Ling’s words not only meant to say that he agreed.

But also to say: "Please unleash your imagination."

And so.

They really started to show their creativity.

Kundun excitedly said, "That’s great. Deputy Leader Ling is straightforward. President Cai, Deputy Leader Ling has agreed. If we calculate based on the collateral, and the fruit wine is valued at 700 billion RMB, the total value of the collateral for the Myanmar Economic Zone has reached 1000 billion RMB."

"Pfft..."

Lang Cai nearly choked on his own blood at these words.

Damn it.

You are really too sincere, multiplied by two, it would be 2000 billion.

2000 billion?

Have you all lost your mind?

President Cai shook his head forcibly, "No, that’s too high. Even calculated as a concessional loan, we can barely afford the interest."

"Why not go by the previously agreed maximum price? Although it’s a lot more this time, with this amount of money, the rise of Myanmar would be much faster," said a department head in charge of construction.

"It’s still too much," President Cai shook his head.

"..."

What followed.

President Cai once again felt the power of interests.

The normally cowardly department heads started to push one by one, annoying President Cai. Initially, these were all planned against Ling, but Ling directly put the responsibility back on them.

He had become the target.

There was a feeling of ’What on earth am I doing?’.

President Cai eventually lost his temper.

"Slam..."

He violently hit the table.

The room quieted down.

Reflecting on their recent actions, they indeed got a bit carried away. All heads were lowered, nobody daring to say anything that may attract misfortune.

President Cai was helpless.

Although he could make unilateral decisions, he couldn’t alienate everyone. Looking at Ling, who appeared calm and composed, President Cai gave a bitter smile. He had become the one being laughed at by Ling who simply sat back and watched the show.

President Cai wanted to curse.

But there were too many people, he couldn’t curse them all.

"Okay then, I understand. 1600 billion. Double the number Deputy Leader Ling had first proposed. Does anyone have anything to add?" President Cai spoke with a hint of exhaustion on his face.

He had compromised.

Just as everyone was happy about this, Kan Qin spoke up, "President Cai, I think this amount is too much. We should also understand that this is not an interest-free loan. Just the annual interest is around 20 to 30 billion, and Myanmar’s taxation can’t support this. Aside from paying salaries, there won’t be much left."

He genuinely did not want Myanmar to owe such a huge debt.

Before President Cai could speak.

Somebody jumped in, "Deputy Leader Kan Qin, that’s not right. In addition to paying salaries, all the other money was previously invested in various projects, such as education, medical care, health, infrastructure, etc. This time, we can borrow all the money in one go, won’t that save money?"

"But, this debt ratio is too high, in other countries..." Kan Qin wanted to argue rationally.

He was again interrupted by another deputy leader, "Other countries are other countries, they’re not applicable to us. Remember, we are also taking a unique path this time, just like Huaxia. We’re crossing the river by feeling for stones, seizing a good opportunity. This time, Myanmar will definitely..."

"..."

After a long speech.

Kan Qin wanted to refute.

But.

The number of people opposing him was too high. Nobody stood by him. Not a single one.

Kan Qin opened his mouth to say something but ended up not saying anything. There was only a sense of despair and a trace of coldness.

With such a huge scale of debt.

Myanmar was really on the edge of a cliff.

If they walked well, it would be a smooth road.

If they tripped, it would be a deep abyss.

This did not only mean that if they couldn’t pay the money, the collateral would be pawned, but also implied lots of related issues. When the tide comes in, everyone can swim freely. But once the tide goes out, if there is no preparation, the fate awaiting them would be death under the sun on the beach.

Looking at Ling who appeared indifferent.

As if it had nothing to do with him, Kan Qin always felt there was a conspiracy hidden inside. Why was it not a fixed asset that Ling brought out for valuation, but the fruit wine, an asset with significant fluctuations in valuation?

Was it for today?

But what was Ling’s aim?

Kan Qin was puzzled.