My Strength Does Not Allow Me to Low-key

Chapter 800: The avalanche begins

   Cheng Xiaochuan looked at the three latest projects launched on Palm Treasure, and felt a little hesitant.

  The new project is called Star of Italy. It invests in an Italian steel company, which is said to have mastered a state-of-the-art steel technology.

  The new type of thermoformed steel they produce is said to have very high strength and good ductility, making it very suitable for replacing common building profiles currently on the market.

   It can also be used as a special steel for automobiles. It is said that the company has signed contracts with Fiat, Ferrari, and Lamborghini.

   will provide these companies with special steel for automobiles!

   And there is a news link under the project. He clicked in and took a look. It was a few science and technology tweets from a domestic news website, all describing the steel company and their technology.

   Anyway, it seems that the project is worth investing in.

   The most important thing is that the interest rate for this project is still very high, starting from three months, if you invest in a three-month project, the reported interest rate will be 8%.

   The six-month period is 12%, and the one-year interest rate is as high as 16%!

   This interest rate is a bit scary no matter how you look at it, but as an old stock investor Cheng Xiaochuan knows how terrible the profits of such high-tech companies are.

   If what they say is true, then the profit conversion rate of this high-tech company is very scary. 30% of the net profit is the minimum standard.

   If you fail to meet this profit standard, you are embarrassed to call yourself a high-tech company.

   So this project still looks very reliable, the most important thing is that this project is recommended by Palm.

   You need to know that today with frequent thunderstorms on the Pitu Pit platform, Palm Treasure is one of the few unique seedlings.

   This company is still able to perform well. Many people say that on the one hand, it is because the boss behind the company is strong, and on the other hand, they are investing in real projects.

   is not like other platforms. They are all selling dog meat, saying that they are investing in a certain project, but in fact, I don’t know why I took your money.

   And Palm Zhongbao has done a very good job in this aspect. When other platforms explode frequently, their family can still guarantee stable payment.

   This time I did even better. I actually invested overseas, went abroad, and developed overseas.

Where is a large piece of blue ocean? When I think of Cheng Xiaochuan, he no longer hesitates and directly bought a six-month target of 100,000 yuan, but I didn’t feel very happy after thinking about it. I bought another 100,000 yuan for a one-year period. The target, then stopped.

   At the same time, Wei Zeshi is also enjoying themselves. The Italian Star project has only been online for three days. They didn't have the rhythm themselves, and they were madly sought after by investors.

   These fools gave him money frantically, and he was naturally happy to see it happen.

   It seems that these people are also frightened by the domestic economic situation. The CPI is so high that it is obviously inflationary.

   Bank interest rates are so low, the stock market is sluggish, and the housing market is also in a downturn. Ordinary people with some assets are afraid of devaluation of their assets.

   Especially in the first year of the year, the bank released another 800 billion yuan. The people who are slightly more sensitive to the economy are thinking about how to ensure that their assets are not diluted.

   There happened to be such an overseas project, and the most important thing was that Wei Zeshi asked him to write a line of small characters in the tender.

   That is, when the project expires, investors can choose to receive RMB or foreign currency.

Although the writing of    is very vague, it can easily arouse the endless imagination of investors.

   Of course, this is just a promotional tool for him. From the beginning, he didn't plan to pay back the money.

   He has obtained the letter of guarantee from the First National Bank of Napoli, and he is also negotiating cooperation with several domestic banks.

   Among them, his first choice is naturally XX Bank. One is their local bank, and the other is not those big banks. The supervision is not so strict, and he has many friends in the bank of this certain branch.

   At noon that day, he had just made an appointment with the president for a meal, and the other party was also very interested in his business of foreign guarantees and domestic loans.

  There is a letter of guarantee from a foreign bank, and the description of the project plan is also very clear, and even the feasible plan is very beautiful, and it looks very credible.

   The most important thing is Wei Zeshi, the president of the Chamber of Commerce, and his wealth and status are there.

   So the two parties verbally agreed to start cooperation. At that time, Wei Zeshi set up a fund, opened the corresponding fund account in the bank, and deposited a specified deposit as collateral.

   Overseas branches of the bank will issue foreign funds to them.

   As for the amount paid, hey, Wei Zeshi intends to ask for one billion euros.

   Although it doesn’t take so much to buy a steel plant, he didn’t even plan to build a steel plant from start to finish?

   From beginning to end, his purpose is to transfer assets in the country.

   Things are going very smoothly. After all, XX Bank has always been known for its efficiency, not to mention this is an overseas investment project.

   It's the end of the year now, and most banks will basically stop doing projects as early as October.

   But the president Wei Zeshi chose this time is an ambitious person who wants to go a step further. He wants to make this project before the end of the year, or show his face at the annual meeting.

   So the project is advancing very fast, even the project approval and on-site due diligence are completed at the same time.

   The team sent by the bank went to Italy and under the leadership of Wei Zeshi's people. After a round of speculation, they sent back an executable report to the country.

   Then the two sides began to cooperate step by step, and Wei Zeshi deposited a deposit in the domestic bank account.

   Then the bank granted him the first loan of 350 million euros, the purpose of which was to get him to acquire the steel plant first.

   The second payment will be issued after he buys the steel plant.

   Although he was not very willing, Wei Zeshi still had to pinch his nose and bought the Garibaldi steel plant.

   I didn't expect that the day after the contract was signed, very bad news came on the market.

   said that his palm treasure is a liar, but the Italian Star project they are engaged in is a liar project that has moved the world.

   The long-term agreement between the Garibaldi Steel Plant and the new terminal in Naples simply does not exist.

   I don’t know who it is. He turned up the situation of the Garibaldi Steel Plant, as well as the entire project of the steel plant and the port, and got it on a domestic news website.

   The informant wrote in the article very detailed. First of all, the Garibaldi Steel Plant is a small steel plant with an annual production capacity of 3 million tons. If it is in China, such a steel plant is not worth 10 million.

   Moreover, the equipment of this factory is very old and has no depreciation value. There are still a group of old, weak and sick products in the factory. Taking over such a steel plant is completely silly investment behavior.

   Next is the so-called long-term supply contract between this steel plant and the Naples terminal, which does not exist at all.

   The Napoli Wharf Construction Committee has given a clear answer. They have never discussed the supply of long-term cooperation with any steel plant, let alone the Garibaldi steel plant.

   As soon as the news was released, Palm Zhongbao immediately exploded.

   The proud Wei Zeshi was even blown up on the spot. What is this special, what is the situation?

  Something's wrong, when I went to Italy, I met the Cullinho family, I also saw the long-term contract, and even went to Napoli Pier to verify that the contract was not forged.

   But what is going on?

   Wei Zeshi immediately called his relatives and friends in Italy and asked them to check the matter immediately.

   In order to keep it confidential, he did not contact his local friends in Italy to help verify this operation.

   But at this time, it's too late to say anything to regret.

   In the afternoon, the relative he entrusted finally called him back from Italy.

   The Naples Wharf is real, but their long-term cooperative supply contract with Garibaldi Steel Works is fake.

   The Cullinho family, the owner of the Garibaldi Iron and Steel Plant, has disappeared. Instead, the factory is full of workers seeking wages, and there are several banks that call for debt collection.

   If he is not dealing with these matters, people will go to the local court to sue him.

   Wei Zeshi felt that his brain was hit hard, and he went to fly a wild goose for thousands of days, but he was blinded by a small house sparrow after an oversight.

This time it seems to be planted. The 350 million euros were cheated~www.ltnovel.com~ but 350 million euros can be cheated. It is not the most terrible thing. The most terrible thing is the trust caused by this incident crisis.

   Once someone wants to use this thing to do something, then his palm will collapse instantly.

   Once investors lose their confidence in Palm Zhongbao and choose to withdraw their capital one after another, his Palm Zhongbao will be thundered immediately and will not be able to hold on for even a month.

   That way, he is done!

   And the thing he feared most happened that afternoon.

   The media platform that exposed the Garibaldi Steel Plant incident, and published several articles in the evening, and these articles are almost all aimed at the Palm Zhongbao APP.

   The article has extremely doubts about Palm Zhongbao’s investment projects, and it has no choice but to approve all of their investment projects.

   is so close to claim that they are a scammer, and even at the end of the article, he directly appealed to the local supervisory agency to intervene immediately, so that the person in charge would donate money and run away after a thunderstorm in the palm of his hand.

   This article saw Wei Zeshi gritted his teeth, but he was helpless.

   The first thing he chose was to contact the media platform, express his willingness to pay, and ask the other party to delete the post.

   But when the opponent refused, he immediately contacted his imperial water army team and asked them to fight back online.

His only hope is to prevent the spread of this article and slow down the speed of information dissemination. Unfortunately, things were counterproductive. On the second day, three projects expired. All investors chose to withdraw their investment and remove the funds from them. The platform account was transferred out.

   The avalanche has begun...

  

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