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Chapter 1031 Pucheng Crisis

After Chen Huai left Lanshan, he received a text message on the way, asking Tang Baocheng and other entourages to return to Xucheng first. He and Sun Yalin didn't even bring a driver, and drove to Yushan.

"The text message did not even show the mobile phone number. Who has the materials to hand over to you, making it mysterious?" Sun Yalin held Chen Huai's mobile phone in her hand, flipped the text message over and over and over, but couldn't tell anything from Mingtang.

Chen Huai drove and drove into the alley east of Yushan City. He saw Dai Ying standing by the alley looking up, and stopped the car.

Sun Yalin had no impression of Dai Ying, but seeing her beautiful face, she deliberately wore a plain coat. She thought she didn't want to attract the attention of passers-by, so she didn't say a word to startle her.

Dai Ying saw that the car stopped here and saw Chen Huai coming out, he breathed a sigh of relief. He handed over the wrinkled pages of paper and said, "Dai Yi brought back a stack of documents a few days ago, and I couldn't understand them very well. These pages were something he didn't want in the trash can, so I secretly hid them..."

Chen Huai took the pages, looked at them for a few seconds before putting them down, and said to Dai Ying, "Thank you for your hard work."

Dai Ying was also afraid that someone would run into something that she had contacted with Chen Huai, so she didn't dare to talk to Chen Huai in the alley, and she didn't look at who was still sitting in the car, so she turned around and walked into the alley.

The alley was very narrow, and Chen Huai slowly rolled the car back to the street, and asked Sun Yalin again: "Do we want to rest in Yushan for a day?"

"Okay," Sun Yalin was still studying the pages that Dai Ying gave to Chen Huai, saying, "I will be tired and dispersed in the past few days. I can breathe a sigh of relief when I rest in the mountains for a day."

Chen Huai drove the car directly to the "Yushan House".

As soon as the car entered the yard, Yang Lili ran out of the building. When she saw Chen Huai sitting in the driver's seat, her beautiful smiling face froze and asked in surprise: "Why do you have the time to run to Yushan?"

"What, is it that I am not popular?" Chen Huai asked.

It has been a long time since he saw Yang Lili again. Seeing that her face was still beautiful and charming, she was wearing a brown jacket, with a small part of her sleeves rolled up, revealing a piece of snow-white forearm like jade and lotus roots.

In the past few years, no one expected that Yang Lili would really be willing to stay in Yushan and run such an elegant hostel of great size. The mountains and rivers of Yushan have made her eyes more moist and bright. It is said to be bright, but it hides three indescribable shade, deep like an ancient well and a quiet pond; her face is also soft and charming.

Yang Lili saw Sun Yalin's car in the office, and thought Sun Yalin had come to Yushan for two days to rest. She really didn't expect that Chen Huai and Sun Yalin were with her, but she could no longer hide and say no. She looked at Sun Yalin with angrily, blaming her for not calling in advance.

If you don’t miss you, it’s also a deception, but Yang Lili doesn’t know how to deal with the evil fate that she and Chen Huai had that night.

I would rather not see her. She has been free in the past two years in the mountains. She suddenly met her, and she was neither smiling nor smiling. Her smile was condensed between her fat face, but she had another surprisingly charming look.

She looked at Chen Huai's face and felt a little turbulent, but she would never admit it. She just said, "Oh, then you must have come to see Yu Wei."

"Yu Wei is also in Yushan?" Chen Huai asked in surprise.

Although nothing happened between him and Yu Wei, some things cannot be cleared by the Qing people. Kou Xuan and Yang Lili are close, so they may tell Yang Lili what happened that night. Of course, Sun Yalin is not a person with a very tight mouth.

"I heard that I came here to discuss the project. If you don't know, I won't know the details." Yang Lili said.

Chen Huai thought of his confused emotions, and didn't know whether Yang Lili was welcome or not. Seeing that she deliberately pulled Yu Wei, she knew that she still didn't want to see her. She was a little embarrassed, and she regretted that she decided to stay overnight in Yushan.

The weather in April was very mild. Chen Huai had never thought about staying outside before rushing to Lanshan. He didn't bring any changes in clothes or other luggage. Yang Lili arranged for him to live with him to stay in a yard with a small patio.

The courtyard is surrounded by pebbles and paved with two clusters of green bamboos in the corner. Under the neem tree, there is a stone table surrounded by a few short stumps carved from the roots, which is very elegant.

At this time, the dusk was just right, and the afterglow of the sunset shone on the fine purple flowers at the top of the neem tree, and the fragrance was swaying.

"What are Dai Yi and the others doing when studying Pucheng Group's materials? Do they want to dig out a gap from Pucheng Group?" Sun Yalin asked lazily, "But this is the logic."

Under the intentional guidance of Chen Baoqi, Qi Jingyao and others, the provincial propaganda outlet deliberately condoned the media and some overseas environmental institutions to create facts on issues such as the development of the Lanshan coast. The matter seemed to have an intention to target Chen Huai. However, the central government's term change is still in place, and Chen Huai does not think that it is necessary for the Hu faction to point the finger at him in the province at this time, and suspects that the Hu faction's move is probably to use him to disturb others' attention.

The situation that Dai Ying discovered is consistent with Chen Huai's guess and can make logical sense.

The few pages Dai Ying gave to Chen Huai were not secret, but all of them were fragmented materials about Pucheng Group. However, just Dai Yi was studying Pucheng Group's materials for nothing, it was already top secret information.

Chen Huai pondered and thought, and Sun Yalin asked him again:

"By the way, what does that woman have to do with you? How come you can't get involved with beautiful women?"

She thought she knew the beautiful woman beside Chen Huai, but she didn't expect to give her unfamiliar face.

Yang Lili did not ask other waiters to come and help. Although she was a little embarrassed when facing Chen Huai, she still arranged for them to stay in person. I don’t know who Chen Huai and Sun Yalin met before they came.

Seeing that Yang Lili looked over, Chen Huai said to her: "You may also know her. There was a female host named Dai Ying on Xiapu County Station. Later, Qi Jingyao was transferred to the city TV station. She had a close relationship with Dai Yi, the director of the Provincial Party Committee Organization Department. However, Dai Ying still remembers that she is from Xiapu. If there is any movement, she will remember to tell me; these things are all given to me."

Yang Lili was slightly stunned. She had some impression of Dai Ying, but she didn't know that she would be Chen Huai's eyeliner on Dai Yi and Hu Lin's side.

Seeing that Chen Huai didn't care about these secret matters, she was also unspeakable and happy. She leaned over and saw that the materials printed on a few pages of paper were from Pucheng Group.

Although Yang Lili has not been out in Yushan in the past two years, the complex relationships in the province can still be clarified. Zhao Moshi and Pucheng Group have a close relationship with Governor Xu Pei, and the central government will be changed in half a year. The change of the provincial and municipal party and government teams will also be in line with the central government's election. At such a sensitive moment, Dai Yi and Hu Lin and others' research on the materials of Pucheng Group is enough to trigger a lot of imagination.

Yang Lili asked: "Does there be any major problem in Pucheng Group that will drag Governor Xu into the water?"

"Yes, if there is no sew on Pucheng Group, you won't be afraid of flies coming." Chen Huai said, but he also saw that Yang Lili's eyes were brighter than before, and thought to himself that women were really strange.

Chen Huai didn't bother to figure out what Yang Lili was thinking. At this time, he had to focus on Pucheng Group.

Zhao Moshi once secretly sent someone to monitor his residence, but Chen Huai did not break the matter. This was mainly because he was unwilling to get rid of the reins. He had a tacit understanding with Xu Pei and the Jing Group in recent years and could tolerate each other, but it did not mean that he would relax his vigilance against Zhao Moshi and Pucheng Group.

Sun Yalin also knew about these things.

It is also because of this incident that what happened later by him, Yu Wei, Kou Xuan and his daughter; Chen Huai suspected that Yang Lili was also aware of these.

Although Chen Huai did not take any direct measures against Zhao Moshi and Pucheng Group, he has also paid attention to collecting some materials in the past two years.

As the earliest private listed enterprise in Xucheng, Pucheng Group is also the largest private enterprise in Xucheng. It can be said to be a benchmark for Xucheng's private economy.

Since the Meigang Group entered Xucheng on a large scale 999 years ago, Pucheng Group has also accelerated its development pace, stepped out of the electrical appliance manufacturing industry, and stepped into a track of diversified development.

Pucheng's strategy for diversified development is more radical than Meigang and other companies.

Even though Meigang has launched multiple mergers and acquisitions in recent years, it is mainly to acquire some enterprises with high-quality technology, human resources or industry resources. In addition to integration and restructuring, it is also in-depth exploration of resources, incubation of industrial incubation, and continuous consolidation, and strengthening the advantages of the Meigang system's industrial cluster.

Pucheng's mergers and acquisitions are much more rude.

Almost around 1999, Pucheng Group was changed to Pucheng International Investment Group. In addition to the listed company Pucheng Electrical Appliances, it also participated in the restructuring of two listed companies, Xinjiang He Phosphorus Industry and Qianxi Chaiji, and successfully obtained the controlling stake in these two listed companies.

Before and after Pucheng Investment, it used three listed companies as platforms and used the equity of the listed company as collateral to obtain a large number of loans from banks and other credit, trust and financial institutions to carry out magnificent mergers and acquisitions.

The scale of mergers and acquisitions led by Pucheng in recent years has even exceeded the direct investment of Meigang Group in industrial sectors in the past two years.

As the assets acquired by the Pucheng Group were mainly injected into three listed companies including Pucheng Electrical Appliances, Jianghe Phosphate Industry, Qianxi Chaiji, etc. for integration and reorganization, which greatly stimulated the stock prices of these three listed companies to rise.

In the past three years, the total market value of these three listed companies has continued to rise from a low of less than 5 billion three years ago to a low of 40 billion at this time, an increase of more than eight times, becoming the famous "Puccheng three-horse horse" in the securities market in the past two years.

Also, because the corresponding market value of the three listed companies held by the Pucheng Group has continued to increase, Pucheng has also continuously added equity pledge loans to financial institutions to support its expanding merger and acquisition scale.

Although many things are confidential and unknown to outsiders, judging from the financial information disclosed by the three listed companies, the Pucheng Group has a scale of mergers and acquisitions of only 10 billion yuan in recent years, involving hundreds of companies, and has also assumed huge debts.

Chen Huai estimated that the debt scale of the entire Pucheng Group may be as high as 12 billion, or even higher.

The rapid expansion, or rapid expansion of Pucheng Group in recent years, can be said to be carried out under Xu Pei's tacit approval.

Perhaps Xu Pei just hopes that there can be a benchmark enterprise under the Jijing Group, which can compete with the Meigang Group and Rongxin Group in the province.

However, once the building of Pucheng Group collapses, Chen Huai cannot imagine how Xu Pei will protect himself.

Cui Weiping and Hu Lin put their vision on Pucheng Group, and their vision was still quite vicious.

Chen Huai didn't know if Xu Pei knew Cui Weiping and the others' plans at this time would make him feel cold and rushing to the back of his head.

"Although the sales revenue scale of Pucheng Electric Appliances, Jianghe Phosphate Industry and Qianxi Chaiji has been increasing rapidly through continuous mergers and acquisitions, these three listed companies have not been able to digest the acquired assets well. The profit levels of the three listed companies have not expanded simultaneously with the sales and acquisition scale in recent years, but have continued to shrink in the three quarters. This is definitely not a good sign."

Sun Yalin said in a faint tone,

"This is still the financial data disclosed by the three listed companies. I don't know what the real situation will be. The performance and future expectations of the three listed companies are far from enough to support such a high stock price at present. Someone behind the scenes must be manipulating the stock price..."

"Many people can guess the stock price behind the scenes," said Chen Huai. "Pu Cheng's loan from financial institutions may be as high as 12 billion or even higher. It is mainly to mortgage the equity of three listed companies. They do not support the stock price. Once the equity market value shrinks, it cannot match the loan finance. Financial institutions will ask the Pu Cheng Group to add corresponding pledges. The Pu Cheng Group cannot produce more pledges, and financial institutions will pursue the loan, which will not cost Pu Cheng's life? However, as far as the current domestic securities market is concerned, manipulating the stock price is not a serious shady. As long as Pu Cheng manipulates the stock price to rise, investors and investment institutions can make profits and not cause trouble, the regulatory authorities will only turn a blind eye..."

"What do you mean is that Hu Lin and the others are unlikely to start with Pu Cheng's manipulation of stock price?" Sun Yalin asked.

"To dig out a gap from this aspect, the Hu family needs to have people in provincial securities. The financial department has strong enough, so it is not easy to collect evidence. We made a fuss on the Dongjiang Securities case back then, and we just caught the core figure, otherwise we might still fall into the trap," Chen Huai said. "I don't have a certain certainty. I think Hu Lin is unlikely to be alarmed."

Xu Pei took almost all his power in Xu City, but he was only able to dig it up after receiving Xu Xian's real-name report. However, the investigation of the case was limited to Dongjiang Securities, which broke Hu Lin's dream of issuing additional financing that year, and he failed to follow the clues and touched Rongxin.

Chen Huai guessed that even if Hu Lin and the others were willing, they would not be in a hurry to start from this aspect.

In addition to the difficulty in grasping key evidence and the relevant power departments in the province are under Xu Pei's control, there is another reason, that is, in the Dongjiang Securities case, the Rongxin Group may have some handles that Xu Pei will hold in his hands.

Once Hu Lin wants to start from this and want to follow the clues to involve Xu Pei, they must beware of Xu Pei taking the handle of the Dongjiang Securities case back then.

Just like when Pucheng Group first acquired Dongshi Automobile Factory and Yuanye's car production department, Chen Huai believed that in recent years, Pucheng Group has participated in the restructuring and reorganization of two listed companies and carried out such large-scale loans and mergers and acquisitions, there are definitely more than one or two despicable shady stories.

Chen Huai also believed that it would not take a day or two to find a crack in Pucheng Group; even if they all started to cover him in order to divert Xu Pei's attention, Chen Huai believed that Cui Weiping, Hu Lin and others should have been 70% or 80% sure.

"Is the Hu faction too hurrying? They can wait until the central government changes its leadership before giving Xu Pei a fatal blow?" Sun Yalin still has some things that cannot be understood.

The provincial and municipal elections are almost simultaneously carried out. As for the Department of Scheming and Economic Affairs, they usually hope that before Premier Wang Yuan retreats, the best adjustments at the provincial and municipal levels can be adjusted in place, so as not to reduce the weight of Premier Wang Yuan's speech after retreating and fall into a quarrel. As for the Hu faction, the right to speak in personnel is weak at this time. Even if Xu Pei is kicked down at this time, it may not be the turn of officials of the Hu faction to take the lead. They can wait until Zhao Jiahua presides over the work of the State Council before taking action.
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