Chapter 424: Fame Brings Trouble
President Zeng heard that Chen Yang wanted to borrow one hundred million, and he was very pleased. But when he learned it was only for one month, his happiness vanished instantly.
"General Manager Chen, your company is a star enterprise of Dongjiangsheng, a key focus unit of the province. Our bank still feels confident about your credit. This repayment deadline actually doesn't need to be so tight; clearing it within three years is fine."
Chen Yang shook his head and said, "President Zeng, thank you for your kindness, but our company has already borrowed a lot from your bank; we can't add to your burden."
"Moreover, our overseas funds will be in place within at most one month once approved."
President Zeng, upon hearing this, couldn't help but want to slap himself. Initially, he had to choose between Zhang Group and Chen Yang, he listened to Luo Zhikai's advice and picked Zhang Group, ending up losing over three hundred million.
Yet the Chen Yang he passed over quickly rose to fame in a short time, becoming a well‑known star entrepreneur across Dongjiangsheng.
More importantly, Old Hundreds Agricultural Products Trading Company, from its establishment to now, has constantly expanded rapidly, sparing no expense on advertising, yet its capital chain has never broken. Their bank even has to beg them to borrow money.
"General Manager Chen, since you only want a one‑month loan, let's do one month! Interest will still be calculated at the lowest rate. But…" President Zeng, seeing he couldn't expand long‑term business, switched tactics: "Could your company's payroll agency service be handled by our bank?"
Although Chen Yang is the boss, he wasn't clear about the company's payroll distribution. So he called Qian Duo Duo. Upon learning the company paid wages in cash, he immediately agreed to President Zeng's condition.
Old Hundreds Agricultural Products Trading Company may need financing and a future listing, possibly cooperating with Xingcheng Bank. Building relations in advance does no harm.
President Zeng saw Chen Yang agree to entrust Old Hundreds Agricultural Products Trading Company's payroll agency business to Xingcheng Bank, and repeatedly expressed his thanks.
Know this: Chen Yang's decision will not only bring substantial business revenue to Xingcheng Bank, but also add thousands of new users to the bank. Securing this order will also significantly reduce Zhang Group's bad‑debt impact.
The next morning, Chen Yang brought Shen Anna, Qian Duo Duo, and Tan Qin to Xingcheng Bank, where they signed a formal agreement with the investors of Xinhe Building regarding its transfer.
At the same time, Chen Yang also signed with Xingcheng Bank a short‑term loan agreement for one hundred million in funds and a payroll agency agreement for Old Hundreds Agricultural Products Trading Company's employees.
After the signatures, Xingcheng Bank directly transferred the one‑hundred‑million loan to Old Hundreds Agricultural Products Trading Company's corporate account.
Once the funds arrived, Chen Yang handed over the subsequent fund transfer and property title procedures for Xinhe Building to Qian Duo Duo and Tan Qin to handle.
That night, Old Hundreds Agricultural Products Trading Company posted three major pieces of news on its official website that shocked Xingcheng.
The first item: Hong Kong‑funded Old Hundreds Financial Investment Company will inject two hundred million to acquire a twenty percent stake in Old Hundreds Agricultural Products Trading Company.
The second item: After the joint venture, Old Hundreds Agricultural Products Trading Company will increase capital by one hundred million for talent recruitment and technological innovation at the Old Hundreds E‑commerce Platform.
The third item: After the joint venture, Old Hundreds Agricultural Products Trading Company will purchase all ownership of Xinhe Building with 105 million in funds, and the new building will be renamed Old Hundreds Building.
When the news broke, the entire business community of Dongjiangsheng was shocked.
A company established less than a year ago has already seen its market value rise to ten billion. This growth speed, like a rocket launch, is so fast it's unbelievable.
Those who looked into it immediately investigated the background of the Hong Kong‑funded Old Hundreds Financial Investment Company and found that this company not only invested in Old Hundreds Agricultural Products Trading Company, but also jointly built, in Shen City with the Hong Kong‑funded Zhu Group Real Estate Company, a commercial building with total investment of one billion, called the Old Hundreds Commercial Building.
More importantly, the chairman of the Hong Kong‑funded Old Hundreds Financial Investment Company is also Chen Yang.
This means Chen Yang's assets are not limited to these few companies in Dongjiangsheng; he also has even more wealth on Hong Kong Island.
A twenty‑three‑year‑old young man possesses several billion or even more in wealth. Looking across the whole of Dongjiangsheng, hardly anyone can match him.
Moreover, Chen Yang's expansion speed shows no sign of slowing. He spent 105 million to acquire full ownership of Xinhe Building, then added another hundred million to expand the Old Hundreds E‑commerce Platform. Every move he makes is a breathtakingly big hand!
"Old Zhou, this Chen‑surnamed kid is actually so rich—if you don't skim something off him, it's a shame!"
"Old Wu, you'd better give up any thoughts of moving against him. The higher his assets, the more the provincial bigwigs value him. Even without the Chen and Hu families backing him, nobody in Dongjiangsheng would dare to move against him."
"Old Zhou, you know Chen Yang's background well—making several billion in less than a year, his source of funds must be questionable. If you dare to investigate, you'll surely scoop up some big profit."
"Investigate? How? Who would do it? The province's political‑legal and disciplinary systems are his backers. I'd probably get locked up before I could find anything on him."
"..."
"Old Wu, I'm now focusing on dealing with Wuyou Residence—don't cause trouble for me. If you ruin my big plans, don't blame me for forgetting our decades‑old friendship."
"I understand!"
Two days later, Chen Yang was summoned again to the Provincial Government Office by Liu Jianghua.
"Chen Yang, you little brat, fame brings trouble. Someone has reported that your startup funds are illegal. Do you want to explain it to me?"
Chen Yang still had confidence in Yexin's ability to handle financial matters. He immediately told Governor Liu, "Governor Liu, my sources of funds can withstand investigation. If anyone has objections, they should present evidence openly instead of pulling sneaky tricks behind the scenes."
Actually, Governor Liu doesn't really care whether some of Chen Yang's funds are clean or not. Looking at the big picture, Chen Yang is genuinely doing practical things for the people and has made a great contribution to Dongjiangsheng's economic development.
Such an entrepreneur, even with some shortcomings, can be overlooked.
By comparison, he hates even more the person who reported him—someone without ability, yet racking his brains to get rid of Chen Yang, a truly capable young talent who could contribute to society.
And that person had once enjoyed his deep favor.
"Chen Yang, I called you here to tell you: no matter how outsiders view you, I hope you keep your original aspiration and make Old Hundreds Agricultural Products Trading Company the best enterprise in Dongjiangsheng. The province will also honor its promises, giving you maximum policy support."
"Thank you for the provincial leaders' support!" Chen Yang gave a solemn salute to Governor Liu, then lowered his voice and asked, "Governor Liu, is the person who reported me Wu Junhui?"
Governor Liu gave no answer, merely giving Chen Yang a white eye.
However, he also couldn't quite understand: Wu Junhui, clearly someone accustomed to big storms, always acts extremely childish when facing Chen Yang.
End of Chapter
