Chapter 23: Class monitor
Su Can had always been a little curious. Just how much did Tang Wu's father own, and what sort of financial muscle did Tang Corporation have?
From what Li Lan had revealed during their conversation, Tang Corporation had just brought in capital to take over a well-known company in Shanghai. The company had nearly twenty million yuan in debt, which Tang's father had covered before bringing the business under Tang Corporation.
Based on Li Lan's account, Su Can estimated that Tang Wu's father was worth at least a hundred million, making him a member of the hundred-million-yuan club. At that level, ordinary people could do little but look up to him.
At least for now, even with all his businesses combined, Su Can still lacked the nerve to take sole charge the way Tang's father had: personally holding the fort against desperate creditors and throwing nearly twenty million yuan into plugging the hole. He believed that even to Li Lan, Tang Wu's father's assistant, this had been an extraordinary experience. No wonder she had sounded a little excited when talking to him.
It was easy to imagine and understand. Business opportunities were rife with deception and treacherously shifting circumstances. What looked like a winning outcome for everyone could turn into a bottomless pit in the blink of an eye, easily bringing down someone worth tens or even hundreds of millions.
Discovering nearly twenty million in debt after taking over the group had been a nightmare for Li Lan, as it would have been for any professional manager. Twenty million was enough to put a corporate group without a contingency plan at risk of a severe blow to its cash flow, or even its complete collapse.
And with several hundred creditors and so many debt disputes, if