However, as I ate it, I discovered that the melon was indeed quite big.

It turned out that as early as the end of July 2000, the two companies involved in the appeal had reached an agreement with APEX, with Xiaguo Hardware Products Import and Export Company acting as an intermediary agent and acting as the agent for Suzhou New Technology Electronics Group Co., Ltd. to export DVD players to APEX.

The export value of the first and second batches of goods was more than 300,000 US dollars. After APEX received the goods, it used a letter of credit as the settlement method. The delivery of the goods and the payment settlement were normal. The strange thing is that from the third batch onwards, APEX

Started to purchase large quantities of goods from China Hardware Products Import and Export Company.

From August to November of the same year, Xiaguo Hardware Products Import and Export Company exported a total of more than 36 million US dollars worth of DVD players. Different from the past, this batch of goods abandoned the usual letter of credit payment and adopted the credit method, that is,

If you ship first and pay later, the return time for each payment will be extended to 75 days.

It takes too long to return the money, which makes people have long nights and dreams. What's more, the relevant persons in charge of the two companies directly told reporters at this moment that APEX has been returning large quantities of goods during the transaction period. According to the original contract, as long as the consumer does not

If you are satisfied with the return, the cost will be borne by Xiaguo Hardware Products Import and Export Company.

If it were a normal product quality problem, there would be nothing to say. But to everyone's surprise, as many as 84% ​​of the returns were unopened, with a total value of US$7.5 million.

They are all in business, and the person in charge of Xiaguo Hardware Products Import and Export Company is not a fool. He still doesn't understand that APEX has a large amount of inventory and is trying to stabilize customers through this extremely inappropriate method.

Because once visiting customers see the goods piled up, they will have confidence in APEX and the probability of purchasing goods will be greatly increased.

Now that we have entered the 21st century, the economic prospects around the world are promising, and everyone wants to make a fortune in the market. In order to seize market share in advance, APEX has adopted an extremely radical price reduction strategy.

By doing this, in a short period of time, the scale of APEX was seemingly increased, but in the final analysis, it was just a step back, sacrificing corporate profits in advance, but it itself was short of funds, so its reputation naturally fell into the abyss.

Xiaguo Hardware Products Import and Export Company originally had illusions about Jilong Fen. Although it did not receive the payment in time, it was still waiting and watching, and had no intention of directly going to court.

However, Lu Yiming publicly questioned APEX's operating model in front of reporters. In addition, the accounts receivable of the Rainbow Group had not yet arrived, and the person in charge of Xiaguo Hardware Products Import and Export Company was completely panicked.

There are four million TV sets and a payment of nearly 5.2 billion. APEX dares to withhold 4 billion of them. Once something happens, will I be able to get back my "little money" of more than 100 million?

?

Xiaguo Hardware Products Import and Export Company did not dare to take a gamble, so it directly approached Suzhou Technology Electronics Group. The two victims submitted a lawyer's letter to APEX, intending to use legal means to protect their legitimate rights and interests.

You know, because of APEX's unilateral breach of contract, in addition to the US$14 million that has been paid, the remaining due and refused payment amounts to more than US$22 million!

In fact, the capital of more than 100 million is not a fatal problem for APEX at this time.

What is really fatal is the collapse of commercial credit!

Just like dominoes, it doesn’t take much force to knock down the first card. It is often just a flick of the fingers. But the chain reaction caused by this is not something even a Fortune 500 company with a profound foundation can withstand.

.

As soon as the news came out, domestic companies that had cooperated with APEX immediately panicked and called Ji Long's fan one after another, asking him to pay back the money.

In the financial world, this is a typical run. The essence of any financial institution is to make money by over-issuance, and its transactions with depositors adopt the strategy of "removing the east wall to pay for the west wall", and it only needs to be able to redeem some people's funds.

All the rest is used to make money, and the money earned is used to pay interest to depositors and earn the price difference.

Lu Yiming's previous Tongxin Internet Cafe played like this. It relied on a large number of member recharges to get a large amount of funds in a short period of time to start business and make money, and then used part of the money earned to pay for the membership gifts.

And if at this time, all members - or a large part of the members - demand payment, and the amount requested exceeds the total book funds of Tongxin Internet Cafe, then Tongxin Internet Cafe will be doomed.

Ji Longfen is facing such a problem now. If one of them asks for payment, he won't panic at all, because the money in his hand is enough to pay for the goods of any one. But with so many people coming together, Jilongfen

Where can I get the money?

In order to stabilize the situation, Ji Long fans, who were negotiating business with many companies in China, had to stand up and firmly stated that outside speculation about APEX's financial status was not true. APEX had sufficient payment capabilities and wanted to appease the public.

Partners.

Ji Longfen has also seen strong winds and waves in the mall, so he doesn't panic at all.

In addition, APEX operates in a low-key and secretive manner, making it difficult for the outside world to obtain its financial statements, and its financial strength is not known to outsiders. Instead, with its US background and generous spending, Ji Longfen successfully frightened domestic suppliers.

.

However, just when things were about to be settled by Ji Long fans, a piece of news spread across the ocean and back to China, completely crushing all the Xia companies that cooperated with APEX.

Asking for monthly tickets and guarantees
Chapter completed!