Undercity, Guangling
The Undercity Guangling.
Nanxing Communications Company.
This is a subsidiary of Qiming Heavy Industry, managed by Luo Tianyi's eldest son, Luo Nanxing.
Although it's called a telecommunications company, its main business is actually not telecommunications.
It's just a shell company.
Its true function was to act as a transit point between Qiming Heavy Industry and other shady 'businesses' of the Luo Family.
The money earned from other 'businesses' was channeled through Nanxing Communications and transformed into Qiming Heavy Industry, becoming a legitimate asset of the Luo Family.
Meanwhile, Wanzhitang, which has recently been promoted by the Luo Family, also receives its funding through transfers from Nanxing Communications.
After several procedures, it became Wanzhitang's cash flow.
Recently.
In order to strike at the ' Red Gate ' and at the same time attempt to take control of the vast underground world of the old city.
The Luo Family provided strong support to Wanzhitang.
Funds were poured into Wanzhitang almost continuously.
On Luo Nanxing's busiest day, he approved and processed over a hundred applications for fund transfers.
However, in the last two days...
Luo Nanxing was in a state of utter panic.
at this time.
In the manager's office of Nanxing Communications.
All the managers, Xiao Xiao, from the finance department were here, and now they all looked like children who had done something wrong, with their heads down, not daring to look at Luo Nanxing.
Luo Nanxing slammed a financial report on the table, "How could this happen? Our finances this month can be described as practically nonexistent."
"That's fine, but why are our funds so tight right now?"
"Can someone explain this to me?"
Immediately, the finance department manager started dodging the Taiji.
Gradually, the ball was passed to a junior manager.
Seeing that he couldn't kick the ball any further, he had no choice but to bite the bullet and say...
"Mr. Luo, normally we shouldn't be facing a funding crisis."
"However, recently, in accordance with your instructions, we have been providing almost unlimited financial assistance to Wanzhitang."
"Furthermore, you instructed us a few days ago that the funding applications from Wanzhitang no longer needed your approval; they could be transferred directly from the company account."
"So..."
Luo Nanxing frowned. "So what?"
"So we gave them the green light, and in the past two days, the amount of money transferred to Wanzhitang has exceeded 50 million."
As the junior manager spoke, he looked towards the finance manager.
The finance manager coughed repeatedly, as if he were sick, and picked up his water glass to drink, but he had already drunk all the water in it.
"50 million?"
Luo Nanxing jumped up. "They asked for so much money?"
"Yes." The junior manager handed over a report, "This is the detailed transaction list, Mr. Luo, please take a look."
Luo Nanxing took it, his face growing darker with each reading. "What's going on with Wanzhitang? Why have they been applying for so much money lately?"
He put down the report, "So how much capital do we have available right now?"
The finance manager coughed and said, "Only 150,000."
Luo Nanxing was stunned for a moment. "Only 150,000?"
"Is Wanzhitang not receiving any funds back?"
The finance manager shook his head vigorously.
"Why are you only telling me now!"
Luo Nanxing angrily retorted, "I did say that Wanzhitang's application no longer needed my approval, but they haven't recouped their funds; you should have informed me."
The finance manager shrank back and said, "Mr. Luo, you mentioned in the meeting that Wanzhitang's cash flow cycle is relatively long, and that we don't need to worry about it."
"So, we thought this was normal, so we didn't tell you."
"Big eater!"
Luo Nanxing slammed the report onto the finance manager's face, "I invited you here to safeguard the company's assets."
"It's true that Wanzhitang has a long cash flow cycle, but you should have noticed this in advance and notified me promptly that our company's funds were already so low."
"Instead of waiting until I ask to tell you!"
"Go and bring Gao Mingshou from Wanzhitang here!"
"Also, please have Elder Chen come to my office."
"Big eater!"
"A bunch of good-for-nothings!"
The office door opened, and one by one, the finance managers walked out.
After leaving the office, these people began to complain quietly.
"He's the one who said the return-to-stock cycle is long."
"He was the one who got us to give Wanzhitang the green light."
"Now that something's happened, they're calling us good-for-nothings."
"Alright, stop complaining. He's the boss, after all."
"What's wrong with the boss? Does that mean I have to get yelled at? If I don't work for one company, I'll work for another! I quit!"
In the office.
Luo Nanxing stood by the window, hands on her hips.
Now that Nanxing Company has made such a huge mess, he feels there's no way to salvage the situation.
Although he had just given the entire finance department a dressing down, Luo Nanxing knew that he had indeed been somewhat negligent lately.
If his father Luo Tianyi, asked, he couldn't shift the blame to the finance department.
They'll inevitably have to take the blame themselves.
I wonder what my father will think of this.
Luo Nanxing shook his head. "Wanzhitang, you had better give me a reasonable explanation!"
Just then, the office door was pushed open, and a man in his sixties walked in. "Young Master Luo, you wanted to see me?"
Luo Nanxing quickly turned around and saw an elderly man wearing glasses. This was Chen Nian, the nominal product manager.
Chen Nian has been with the Luo Family for thirty years, making her one of the older members of Luo Tianyi's inner circle.
After Nanxing Communications was established, Luo Tianyi placed Chen Nian in this company.
All for the sake of assisting Luo Nanxing.
Luo Nanxing quickly and politely invited Chen Nian in, explained the situation, and then said, "Elder Chen, in your opinion, what should we do now?"
Chen Nian thought for a moment and said, "It involves hundreds of millions of yuan. If Wanzhitang cannot recover the funds in the short term..."
"Then we can only report it to head office."
"No!"
Without hesitation, Luo Nanxing said, "Elder Chen, if my father finds out about this, he'll think I'm not up to the task."
"Elder Chen, you know that if I leave this kind of impression on my father, he won't be able to do anything in the future."
Chen Nian looked at the young master of the Luo Family: "So what do you mean?"
Luo Nanxing said, "I have already arranged to meet with Gao Mingshou of Wanzhitang. I guarantee that this matter will be resolved within three days."
"As for my father, I would like to ask Elder Chen for a favor: please don't mention this matter to him yet."
Chen Nian was Luo Tianyi's informant in the company; how could such a big matter be kept from him?
If Luo Nanxing hadn't invited him, he would have reported this matter to Luo Tianyi this afternoon.
Upon hearing Luo Nanxing's request, Chen Nian frowned.
Luo Nanxing came to his side and took Chen Nian's hand. "Elder Chen, you watched me grow up."
You should know what kind of person I am.
Don't you believe me?
Hearing this, Chen Nian sighed, "Alright, Young Master Luo."
I'll listen to you.
"But there are only three days."
"If this cannot be resolved within three days, I will have to inform Mr. Luo."
"Otherwise, the head office's funds will also be affected."