People in the Republic of China era began to rise from industry.

Chapter 151 Mr. Sheng's Ideas, Let Me Tell You

Invite them to the study on the second floor.

Sheng Aiyi didn't give Sheng Lao Si any face and directly introduced him as the chief debtor.

Even Lin Yi, who had experienced many trials and tribulations, was stunned for a moment.

This fourth young master is quite something.

In this day and age, not just anyone can afford to owe two hundred million.

Just like him.

A group of former cronies have now become as close as brothers, yet even so, the total debt of domestic banks is still less than 70 million.

The other party can owe 200 million, that's really impressive!

"I do owe a bit more, but I've only been doing legitimate business."

Sheng Lao Si glared at Sheng Ai Yi with a displeased expression.

"It's just bad luck."

"Brother Lin, you probably don't know this since you're not in the steel business."

"The ironworks emphasizes heavy investment and high output."

"As long as the technology of Hanyang Ironworks improves and the products sell well, I can pay off the mere 200 million yuan in less than three years."

Hearing him boast like that, Sheng Aiyi couldn't help but rub her forehead.

Seeing this, Sheng Laosi didn't care at all.

With his legs crossed, he confidently surveyed the landscape: "Brother Lin, you're in Shanghai, you should know about Fenghua Metallurgical Plant, right?"

Sheng Aiyi was speechless.

Unfortunately, Sheng Laosi didn't notice.

"The special steel they produce is now extremely scarce; even if others pay extra, they can't buy it."

"Our Hanyang Ironworks started this project last autumn, and now it's almost a success, just one step away from completion."

"Just imagine, with our Hanyang Ironworks' annual pig iron production capacity of 20,000 tons, what would it be like once we start producing special steel?"

"This is only the No. 1 furnace that is running; the other two furnaces are not yet running."

"Once we operate at full capacity, production will at least triple!"

In the end, accompanied by a sweeping gesture, he really did have a commanding presence.

"If that's the case, then that's truly remarkable."

Lin Yi echoed.

No sooner had he finished speaking than Sheng Aiyi glared at him.

"That's not the case!"

"You don't know, the special steel produced by Fenghua Metallurgical Plant has excellent properties. Even the Japanese can't smelt it. So as long as this matter is accomplished, our Hanyang Ironworks will definitely be able to regain its former glory."

"By the way, you probably don't know, but Fan Zhongxu, the general manager of Fenghua Metallurgical Plant, is a longtime friend of mine."

“I’ve already made an appointment with him. He’ll be back from Sichuan Province in a few days, and then we’ll talk about this.”

"Given my relationship with him, obtaining the key technology will not be a problem."

Sheng Lao Si patched up the hole, and there was a hint of smugness on his face.

Even Lin Yi started rubbing his cheeks.

Sheng Aiyi was both annoyed and amused. She glared at Lin Yi and said, "Tell me, what did you mortgage with those two hundred million?"

"They are all fixed assets, including a 27% stake in the Hanyang Ironworks, which is worth 70 million."

"The Daye New Plant also mortgaged 55% of its shares, valued at 36 million yuan."

"In addition, there is a 76% stake in Daye Iron Mine, valued at 64 million."

"This time, half of it is due, and with interest, it will amount to 40 million."

"Then there's the coal mine in Pingxiang, and the 20-year transportation rights for the Hanye Railway, which cost 30 million."

"Including principal and interest, it's about 230 million."

Sheng Lao Si introduced the loans as if they were his own treasures, and then added, "They were all borrowed by me. This also includes several loans that my father borrowed from the Japanese back then. Although he has paid back quite a bit over the years."

"But when you add it all up, there's still about ten million left."

After going from 200 million to 230 million, Sheng Aiyi sighed, no longer having the energy to curse.

"Fourth Young Master, have you mortgaged all your shares?"

Lin Yi, who was standing to the side, asked a question.

Do you think I'd be that stupid?

Sheng Laosi looked at him and said, "I still have 13% of Hanyang Ironworks and 25% of Daye Ironworks in my hands."

"I did consider the risk of funding problems at the time."

“If they are all mortgaged, and there is any risk, Hanyeping will have to be restructured.”

"However, the Japanese were still very accommodating. Although the interest rate was a bit high, the shares that were pledged were not discounted."

As he spoke, he glanced at Sheng Aiyi again: "Seventh Sister, I really don't dare to touch the remaining shares."

"Otherwise, I wouldn't have come back to Shanghai to ask for your help."

"In short, this is the last hurdle we have to overcome."

"As long as we get through this, and then get Feng Hua's special steel technology, everything else will be smooth sailing, and we can make money even while lying down."

After reassuring Sheng Aiyi, he turned to Lin Yi and said with a smile, "Brother Lin, this is a rare opportunity. Would you be interested in investing?"

"For just 40 million, I'll transfer one-sixth of my shares in Hanyeping to you."

Lin Yi didn't speak, but looked at Sheng Aiyi.

He didn't know if this was Sheng Aiyi's idea.

If so, he could only politely decline.

The ironworks, iron mines, and coal mines under Hanyeping's name all have Japanese shareholders, so it's impossible for him to cooperate with them.

As for wasting 40 million, he would never do that.

His money didn't come from thin air, and he wouldn't jump into a pit just because of Sheng Aiyi's influence.

The situation has become obvious.

With its high valuation and high interest rates, he could tell even with his toes that it was a trap.

While it hasn't reached the point of insolvency yet, it's only a matter of time.

Once the time comes, it won't just be about Sheng Lao Si being kicked out; sooner or later, it will all involve Sheng Ai Yi.

So he had to advise the other party to hurry up and make a complete break!

The two were of one mind; looking at Lin Yi's expression, Sheng Aiyi knew what he was thinking: "Is there any way to resolve this debt?"

"Even if we end up with nothing, as long as we get rid of the debt, that's fine."

"If all else fails, I'll take another 40 million."

Sheng Lao Si: "???"

"Seventh Miss, you're amazing."

Lin Yi gave a thumbs up.

Indecisiveness leads to disaster.

It was obvious that Sheng Aiyi had also seen through the trickery involved.

"Aiyi, what do you mean by this?"

"Didn't I already say that as long as we get Fenghua's core technology for special steel, all the problems will be solved!"

The problem is you can't get it!

She glared at him resentfully, then turned to Lin Yi: "Will you give it to me?"

"will not."

"You know, I have a grudge against the Japanese."

Sheng Lao Si: "???"

"Mr. Sheng may not know, but I also have shares in Fenghua, so I'm quite certain that Lao Fan won't give you the core technology of special steel."

One sentence made Sheng Laosi's face turn as red as a monkey's bottom.

"Even if we take a step back and assume that Feng Hua can transfer this technology, Mr. Sheng probably can't raise the money right now."

"But there are still Japanese people who can..."

"If they're paying for it, why leave the technology to the Hanyang Ironworks?"

Lin Yi's rhetorical question immediately left Sheng Lao Si speechless.

"Let's not talk about that anymore. Do you have any way to resolve this?"

Sheng Aiyi asked, her face full of worry.

"Yes, there is, but it's a bit complicated."

"Most importantly, what are Mr. Sheng's thoughts?"