Chapter 413: Seeing Off the Guest_1
All under heaven hustles and bustles, all for the sake of profit; all scramble and scurry, all for the sake of gain.
Gao Shou and his two associates had been willing to lend money to Luo’s Group, and a sizable sum at that—fifty million yuan.
On one hand, they saw that Luo’s Group had a cooperative relationship with Jiangling City’s largest enterprise, Shengtian Group, with both parties jointly developing East City Commercial Street.
On the other hand, Luo’s Group was willing to pay substantial interest—forty percent over two months.
With a principal of fifty million yuan, paying back seventy million yuan including interest after two months was a deal anyone would want in on.
But just yesterday, Shengtian Group, whom Luo’s Group had cooperated with, suddenly announced on their official website the termination of their partnership with Luo’s Group.
This immediately sent Gao Shou and the others into a panic.
As a leading enterprise in Jiangling City, if Shengtian Group terminated its partnership with Luo’s Group, other enterprises cooperating with Luo’s Group would surely follow suit and dissolve their partnerships.
And sure enough!
That very evening, news came that eight enterprises in partnership with Luo’s Group had ended their cooperation and reserved the right to seek compensation for damages.
Most importantly, on the evening of the Luo Family banquet, more than two hundred suppliers and workers gathered at the gates of the Luo Family Villa demanding payment for materials and wages.