Chapter 470 Apply what you learn
Chapter 470 Apply what you learn
Huo Zhengting led the audit team into Po Lin Monastery and spent a month there. The more they audited, the more frightened they became.
The entire Zen temple is in debt as much as HK$23 million.
Only the temple's land and signboard are valuable, and the large monthly bank loans will generate revolving interest.
The fact that the great monk was willing to sell out the temple proved that the temple had long been insolvent. After mobilizing social organizations and investigating the underwater loan sharks, the fake accounts were exposed.
It is true that Huo Zhengting is a playboy, but he was born into a wealthy family, has been influenced by a long time, has rich experience in management, and his business ability is above average.
After returning to the group building, he personally presented the hundreds of pages of acquisition proposal to the big boss, with a tone full of dissatisfaction: "Mr. Yin, the big monk is secretly cooking the books."
"They want to inflate the market value and use it to pay off the loan sharks."
Yin Zhaotang frowned, his face clearly unhappy, and cursed: "These bald guys want to use my money to pay off loan sharks. They must have taken too much drugs and are daydreaming."
When Zhongyi Group injected capital to take over Po Lin Monastery, the monks in the temple were demoted from directors to managers. They split the purchase money into small projects and used the "ant moving" method to take out the company's funds and use them to repay the loan sharks.
In the end, the project was once again abandoned due to an inflated quotation, but it was none of their business. If Zhongyi Group was willing to continue to invest, they would continue to make money, but if Zhongyi Group did not invest, it would not matter.
In short, the loan shark has been paid off and his life is saved. Whether he will be retaliated by Lao Zhong is a matter for the future, but it is better than being chased and killed by the loan shark now.
Huo Zhengting said: "There is a rumor that Monk Huiming has many Chinese parliamentarians and close ties with high-ranking officials in the mainland. He used legal and compliant methods to defraud us of tens of millions."
"If a big boss comes forward to protect him, it will be difficult to kill him."
Yin Zhaotang had a defiant look on his face, a stern look flashed in his eyes, and he waved his hand and said, "Why are you buying a dilapidated temple that is insolvent? Send a message to Monk Huiming, if the hole outside the temple is not filled, the purchase will be suspended."
"We'll spend whatever the land is worth, not a penny more."
Huo Zhengting put away the documents and nodded, "Yes, Mr. Yin."
The Po Lin Monastery occupies a large area of land in Ngong Ping, and its reputation as “the No.1 Monastery in Hong Kong” has a very good market value.
Unfortunately, when the company's operations run into problems, the brand valuation will be cut in half.
According to Huo Zhengting's audit report, the remaining effective assets of Po Lin Monastery, including the brand value, are at most 26 million. However, the debt has reached 23 million, of which 8 million is high-interest loans.
The actual account book was insolvent, and after filling the hole outside the temple, there was still an effective value of 3 million. Taking into account the departure fee of the original team, the acquisition price of 10 million Hong Kong dollars was no more, no less, and it gave face to the Buddha.
But in the eyes of the monks in the Zen temple, the "No. 1 in the Ten Directions Forest" sign alone is worth more than 10 million Hong Kong dollars. In addition to Ngong Ping and Phoenix Mountain, a total of more than 30 acres of land, and the future income of the Tiantan Guandi project.
Even if the acquisition amount is 30 million, Zhongyi Group will still make money in the future. Only making false accounts of 12 million and acquiring the company at 20 million is already very fair to Boss Yin.
After receiving the ultimatum brought by Huo Zhengting and as many as eight boxes of audit documents.
Great monks Huiming, Shengxiu, Yuanyi and others, dressed in hemp robes, sat in the tea room and fell into a long silence.
"Master, I won't compete with you in chanting sutras, and you shouldn't compete with me in accounting either." Huo Zhengting, wearing a high-end suit and a famous watch, lit a cigar, raised his right hand in confusion, scratched his temples with his thumb, and asked, "Where do you think I get the money to sleep with female stars and party on yachts all day long?"
"My dad only has tens of thousands of dollars in pocket money every month, which is not enough to buy cigarettes and alcohol." "He must have been hired from Company A to do accounting."
Monk Huiming clasped his hands together, looked sincere, and said, "I'm sorry, Master Huo, my disciples and I are devoted to worshipping Buddha, and we are not familiar with business affairs, so we rarely care about the accounts."
"Thanks to Master Huo's guidance, I will definitely reorganize the accounts and clarify the amounts to satisfy Master Yin."
Huo Zhengting had a stern expression, chuckled, threw out a few photos, and threatened: "The master is not good at business, but he is very good at love affairs. He has two wives and four children in Tai O at the foot of the mountain. He eats vegetarian food and worships Buddha during the day, and has a son and two daughters at night. He lives a very happy life."
"Every monk in the temple has a 1,000-square-foot apartment in Tsim Sha Tsui East. Where does the money come from?"
Silly Fai stood behind Peter Ho, took out the Black Star pistol from his waist, slammed it on the table, and shouted fiercely: "If you don't fill the hole, I will shoot a hole through you, believe it or not!"
Monk Huiming's round, white face could no longer maintain its peaceful expression. His eyes were filled with horror. He raised his hand and shouted, "Mr. Huo, we are just discussing business. There is no need to hold a gun, right?"
Huo Zhenting has been with Boss Yin for several months. This is the first time he has put his knowledge into practice. The effect is surprisingly good. He can't help but laugh and say, "If you talk business with me, I will talk business with you. If you play tricks on me, I guarantee that you will have an eye pierced through your heart!"
"I'll give you one month to fill up the hole outside the temple. I'll pay five million Hong Kong dollars to buy it out. If it takes more than one day, I'll name one person to go to the West to see the Buddha."
"I'll give you a chance, don't waste it."
Although the big boss was willing to pay 10 million Hong Kong dollars for the acquisition, he had to cut off half of it to teach Monk Huiming a lesson. If the negative information about Monk Huiming was exposed, the reputation of "the best in the world" would be worthless and there would be no other buyer.
Before Shahui followed Huo Zhengting out of the tea room, he pretended to be powerful and knocked over the tea table with his foot. The teacups fell to the ground, splashing soup and soaking the robes of several masters.
Monk Shengxiu was so frightened that his face turned pale and he trembled. He pulled up his master's clothes in fear and said, "Abbot, someone is going to die."
Monk Yuanyi looked terrified and complained: "I told you not to do business with the underworld. How can Buddhism do business with the underworld?"
Monk Huiming looked at the two disciples coldly, gritted his teeth and said, "I have a senior brother who is a monk at Longshan Temple in Taipei. He is a wealthy man. Let's find a way to borrow some money first."
The Hong Kong government has not even fully developed the New Territories, and no well-known real estate developers are willing to pay to take over projects in Lantau Island.
The reason why Zhongyi Group was interested in making contact was entirely because Yin Zhaotang knew the future planning of Lantau Island.
The monks in Po Lin Monastery had no right to choose the sponsor and could only grit their teeth and bear it.
The two disciples looked at each other and realized that their master was planning to run away.
To everyone's surprise, Monk Huiming actually brought back 8 million Hong Kong dollars from his trip to Taiwan, which he used to fill the hole in the loan shark's account.
When Huo Zhengting received the news, he just sneered and didn't care about the money the old monk borrowed. As long as the hole could be filled, the acquisition could continue.
At the same time as the acquisition of the Lantau Island project was finalized, after lobbying by Zhao Yuxiu, Liu Peiling, the founder of Ronghua Bakery, finally agreed to jointly establish a factory with Lao Zhong.
(End of this chapter)