Facing everyone’s gaze, Ji Yang said, "The situation of the battery factory is different. As far as I know, during its construction, Xiao Li and her team owned sixty percent of the shares, and the other forty percent became the shares of some people in various ways. They then took advantage of the high-tech facade to get money from above, which everyone knows. Later, it was discovered that the debt was guaranteed by the village, meaning the responsibility for that forty percent falls on the village, right?"
Everyone actually already knew about this and no one spoke up.
Ji Yang continued, "Let’s not talk about the past. Now there’s a big problem. The factory borrowed ten million from the bank, and even according to the distribution of shares, our village still needs to bear four million in debt."
Xun Liqiang said, "The people involved before were also acting recklessly, guaranteeing many projects through the village. Now that those people can’t be found, the responsibility has fallen on the village."
Ji Yang added, "Although there are also issues on the bank’s side, after the higher authorities have dealt with these matters, we still have a certain responsibility."
Guo Huaijie said, "Isn’t it the same either way?" Original content can be found at NoveIꜰire.net
Ji Yang replied, "To be serious, the construction funds and the money used to purchase the land were all from that ten million. Those people essentially created a project out of nothing."
Everyone nodded in agreement.
Ji Yang went on to say, "Now that there’s a problem, no matter what, the guarantee at the bank is from our village, which means we are responsible. If there are investors willing to take over this project and can come up with ten million to settle the bank’s debt, then our village will have one less problem."
Le Jianjun said, "That project was just a few young people messing around, I guess no one really expected them to achieve anything significant. It was just a way to make some money, who would want to spend so much?"
Guo Huaijie also said, "That’s true, I’ve looked into that project as well. It’s not very valuable. If anything is valuable, it’s just the land. The village’s land is just so-so; who would take over such a project?"
Ji Yang said, "When the land was acquired, it didn’t cost much. I think we still have to make up for it based on the land price at that time to avoid problems. In addition, someone must take over the bank loan."
Everyone looked toward Ji Yang, feeling that only he could have come up with such a solution, as no one else was willing to do it.
Ji Yang said, "As it happens, Wu Mi, whom I know, is willing to take over this project. She is willing to take on the debt of ten million from the loan, and also, she’s willing to make up for the difference in the land price. After taking it over, the shares will be redistributed and funds invested to restart the project."
Ji Yang had discussed this with Wu Mi, planning to borrow twenty million in his mother’s name to give to Wu Mi, who would invest in her own name.
Ji Yang was clear in his mind that he couldn’t invest in the names of his own family; after all, it really wasn’t too clear.
After listening to Ji Yang’s introduction, everyone had nothing to say. After all, Wu Mi was willing to take over the debt, and that meant one less problem for the village. This was good news for everyone.
Le Jianjun asked, "Do we really have to repay the ten million loans?"
Liang Xiaoyu said with a smile, "As long as the debt is transferred, whether it is repaid or not is no longer related to the village. By having one less guarantee subject, I think this is a good thing."
Xun Liqiang also nodded slightly and said, "Indeed, business should be done by businessmen. Why should the government provide guarantees? This means the government has one less responsibility, which I consider a good thing."
Ji Yang turned to Guo Huaijie and asked, "Old Guo, do you think this approach is the same as what you were talking about with real estate?"
Guo Huaijie thought for a moment and said, "You mean as long as the government lifts the guarantee, they can do whatever they want?"
Ji Yang nodded and said, "That’s natural, we will not interfere with their business operations, but the government can’t continue to guarantee it. None of us should bear such a responsibility."
Guo Huaijie smiled and said, "If that’s the case, it’s indeed very easy to solve."