Chapter 76 Good News
Chapter 76 Good News
The old house of the Zhao family in Daogudong.
An Rushong sat cross-legged on the sofa in the living room. On the coffee table in front of him was a laptop computer. The computer displayed a Python interface, or to be more precise, a long piece of code.
Beside him, the two Yuan He sisters huddled together, browsing the web with the help of another laptop. While they were browsing, they were cursing someone, as if they had a deep hatred against that person.
Feeling a little annoyed by the quarrel between the two sisters, An Rushong turned his eyes away from the screen and took a look at the web pages they were browsing.
Well, there was a piece of information on the webpage, saying that last night, a member of the famous Korean group "Shinhwa" was caught by the police for driving under the influence. If nothing unexpected happens, his driver's license will be revoked.
In today's South Korea, "Shinhwa" is definitely a long-lived boy band. They have a large fan base, and such revelations on the Internet will naturally attract a huge amount of attention.
The person the Yuanhe sisters were cursing at this time was a whistleblower on the Yahoo forum. The other party posted a message claiming that the guy whose driver's license was revoked by the police was Shin Hyesung from the "Shinhwa Group", and swore that Shin Hyesung was an alcoholic with no moral integrity or personal ethics.
The pair of young sisters were obviously fans of the band "Shinhwa", so they started arguing with the haters on the forum, and the argument was quite lively.
The two sisters were not good people to begin with. Before following An Rushong, they had always been the "jungle" type of players. Although they had pretty mouths, the words that came out of them when they quarreled were really dirty.
Hearing their ugly curses, An Rushong couldn't help but stretch out a foot and kick Yuan Ya, who was standing next to him, on the butt.
Yuan Ya was kicked by him and staggered, falling on Yuan He. Then, the two sisters screamed, fell sideways on the sofa, and the notebooks in their hands fell to the ground.
Yuan Ya struggled to get up and went to pick up the laptop while turning her head to glance at An Rushong. Seeing the ugly expression on his face, she immediately realized where she had gone wrong.
She stuck out her tongue guiltily and exchanged glances with the equally guilty Yuan He, who smiled ingratiatingly and said, "Brother, do you want to eat some watermelon? I put it in the refrigerator this morning, so it must be cool enough by now."
An Rusong stared at the two of them expressionlessly for a while, and then said in a cold tone: "If I hear you swearing such ugly words again, I will tear your mouths apart."
"Hey, I don't dare anymore. I really don't dare anymore," Yuan Ya said with a smile.
The two sisters' fear of An Rushong came from the bottom of their hearts. It didn't mean that An Rushong abused them or anything. On the contrary, in their eyes, there was no one in the world who treated them better than An Rushong.
What they fear is that this "brother" will no longer like them one day and drive them away. By that time, they will not know how to live.
An Rushong was very satisfied with the performance of the two sisters. He pulled his other leg onto the sofa, leaned his back against the armrest of the sofa, and then reached out and patted his thigh.
Yuan Ya giggled and was about to move over to sit on his lap when she heard An Rushong's cell phone, which was placed on the table, ringing.
He straightened up and looked at the phone from a distance. After seeing the caller ID clearly, he winked at Yuan He who was standing next to the coffee table.
The little girl understood what he meant. She ran over, picked up the phone and handed it to him.
An Rushong pressed the answer button and at the same time put his arm around Yuan He's slender waist and pulled her into his arms.
"Brother Jingsheng," the call was from Zhao Jingsheng. After the call was connected, An Rushong spoke first.
"Well, Rusong," Zhao Jingsheng said cheerfully on the phone, "I have good news for you. There is a problem with the real estate project in Damu Mountain."
"Which real estate project?" An Rusong asked subconsciously, "The four plots of land in Qingxi Mountain?"
"It's not just the four plots of land, but also the Ruidao residential project in Sinchon-dong," said Cho Kyung-seong. "To be precise, all the real estate projects under Daemusan have problems."
"What is the specific problem?" An Rushong asked curiously.
As a medium-sized enterprise group in Jiangnan B District, Damushan's main business direction in the past two years has been real estate. Relying on its extensive connections in the region, the group has developed several good real estate projects in just a few years.
Like Seongdo House, Seogol House, etc. In addition, property management is also a very profitable part of Daemu Mountain, which can bring a lot of cash flow to Daemu Mountain every year. Since his rebirth, An Rusong has also been paying attention to the overall economic situation in South Korea. He found that although the subprime mortgage crisis in the United States is intensifying and the overall economic situation in the world is generally not optimistic, the impact on the Korean economy does not seem to be very large, at least not so direct.
Just like the real estate industry, since July, housing prices in Seoul have been raised twice. Whether it is new or second-hand houses, the trading market is very active and there does not seem to be any crisis.
Since there is no problem with the overall economy, then unless there is a special reason, individual real estate developers such as Damushan Group should not have any problems. At least that's what An Rushong thinks.
"I'm not sure either," Zhao Jingsheng said. "I got the news from Miyeon. It is said that just this morning, Shinhan Financial just rejected a loan extension application submitted by Daemusan Real Estate. The funds involved are as high as 700 billion won."
700 billion won is nearly 7000 million US dollars, and such a loan is indeed an astonishing amount. Of course, these are secondary. The most important thing is that the attitude of Shinhan Finance on this loan will be a huge trouble for Daemushan Real Estate and even the entire Daemushan Group.
Imagine if this news were exposed, what would the world think?
First of all, people will consider why the Damushan Group applied for a loan extension. Did they encounter financial problems that prevented them from repaying the bank loan?
Secondly, the relationship between banks and real estate is quite close. Since Shinhan Financial was able to lend up to 700 billion won to Daemusan Real Estate, it shows that there is a strong relationship of mutual trust between them.
But now, Shinhan Financial has rejected the loan extension application proposed by Damushan Real Estate. Does this mean that Shinhan Financial is no longer optimistic about Damushan Real Estate's ability to repay the loan? Therefore, it is anxious to recover the loan.
Not to mention anything else, just with these two facts in front of the world, the Damushan real estate is enough to be in big trouble.
Don't think that Korean real estate developers are all good. Companies like Damusan Real Estate also use the same tricks to get something for nothing. There are many things like pre-sale properties, floor plans, and public areas in Korea.
When developing a piece of real estate, real estate developers often just take the land and then take the land and a PPT to the bank for a loan.
The loans they got from the bank would not be invested in real estate development projects, but would be used for other purposes, such as loan sharking. The money that the Nanbudong faction used to loan sharks was not from the Zhao brothers themselves, as they were not that wealthy.
As for the money that real estate developers use to develop projects, part of it is advanced by construction contractors, and the other part comes from home buyers, such as those who buy pre-sale properties and properties under construction. All the development money is received in one go.
These are all commonplace tricks, nothing to be curious about.
What is really interesting now is why Damushan Real Estate applied for a loan extension, and at the same time, why Shinhan Financial rejected Damushan Real Estate's application. There must be something very interesting going on here.
But unfortunately, not only Zhao Jingsheng, but even Han Meiyan who provided the information, did not know the inside story - this woman is really miserable. As the eldest daughter-in-law of the Liu family, she didn't even know such important news. It can be seen how seriously she and her husband have been marginalized.
After hanging up the call with Zhao Jingsheng, An Rushong thought for a moment.
While he was on the phone, Yuan Ya had already got a watermelon from the refrigerator, and Yuan He sat on his lower abdomen, rolling over and over on him with her little butt wrapped in hot pants, challenging his endurance.
Ignoring Yuan He who was not aware of the danger, An Rushong thought for a moment and finally took out his cell phone and called Mike.
After only three rings on the phone, the call was connected. Mike's voice came from the other end. He didn't wait for An Rushong to speak, and rushed to say: "An, can't you wait to hear the good news? I can tell you responsibly that in less than ten hours, the Federal Reserve will announce a decision to cut interest rates. By then, the stocks we bought are likely to reach a high of $25 per share."
"That's really good news, Mike," An Rusong said with a smile, "I will definitely treat you well after the stocks are sold in a few days."
"Haha, I accept your invitation," Mike said with a smile, "But, Ann, have you ever thought about using leverage? In that case, you might be able to make more money."
"Forget it, Mike," An Rusong said without hesitation, "I don't like games that are too exciting. Besides, I've already made a lot of money this time. People should be content, right?"
"You know, Ann, I like your attitude towards life," Mike said, smiling even more. "Be happy, be content, and be willing to forgive others."
Forgive others? You mean that Park Jin-hee? Then I did forgive her.
An Rushong pondered secretly in his heart.
"Thank you for your compliment, Mike, but I'm not calling you today to discuss stocks or to listen to your compliments. I need your help," An Rushong said as a sneering thought flashed through his mind.
(End of this chapter)