Chapter 128 Linked Horses
Magic City.
Tung Wah Group Headquarters Building.
As Wu Heguang listened to the voice in his ear, his face turned from ashen to pale, and his body even trembled slightly involuntarily.
After a while, he barely recovered . He forced himself to calm down and asked through gritted teeth, "Is there any way to remedy this?"
"Engineer Li said... this equipment is too badly damaged. Even if some of the parts can be recycled and reused..."
Wu Heguang rubbed his temples while listening to the phone, his brain working furiously.
According to the contract between the two parties, Kailai has paid a deposit of US$98 million and a payment of US$200 million for some equipment, and the remaining money has not yet been paid.
Failure to complete and pay on time would mean that Donghua Group would be in breach of contract.
Not only will Kailai not pay the remaining money, Donghua Group will also need to pay the other party a penalty of 30% of the total contract price, or US$294 million, in addition to paying US$300 million for project losses and delays.
Originally, Donghua Group still had a glimmer of hope, which was to purchase insurance. However, the bank felt that the contract period was short and the insurance premium was very high. Wu Heguang and a group of directors felt that paying the premium would make the contract unprofitable, so they did not purchase insurance.
Now this compensation of up to 594 million US dollars can only be borne by the Donghua Group itself. Together with the large amount of money invested before, it will completely become a bad debt.
This is like adding insult to injury for the Donghua Group, which already has a tight capital chain.
"No! We must find a way..." Wu Heguang was unwilling to give up. How could he give up the Donghua Group that he founded?
Suddenly, an idea flashed in his mind, and he quickly asked Kong Zhaolin on the other end of the phone: "Ask Engineer Li if we can use the synthetic ammonia production line that our company is currently running as a substitute."
Kong Zhaolin at the test site was stunned for a moment, then, as if he had grasped a life-saving straw, he turned his head and asked the dejected Li Xinyi hurriedly:
"Mr. Li, if we use the synthetic ammonia production line of our chemical plant, can it be used as a substitute?"
Hearing this question, Li Xinyi frowned and thought hard, but finally shook his head:
"Our synthetic ammonia production lines have been running for more than three years. Even if some parts are replaced, some key parts are still easy to detect, unless the other party does not require a brand new production line."
Kong Zhaolin certainly knew that Kaile Company required a brand new production line, but now they were running out of time, so he asked angrily:
“Is there any way to replace all the parts that can be detected? Or use some parts from this half-wasted production line to replace them?”
Li Xinyi looked at the other relatively intact parts on the scene, evaluated them in his mind, and nodded carefully:
"That's fine, but we don't have suitable spare parts for the converter tubes. We can only temporarily replace the catalyst and refurbish the converter tubes of the old equipment."
"That's great." Kong Zhaolin almost fainted.
Wu Heguang on the other end of the phone was also relieved. He quickly continued to instruct over the phone:
"Zhaolin, I'll give you the authority to immediately ask Pengcheng Chemical Factory to fully cooperate and put together a production line that can get by within a week. As long as the equipment is transported to the factory in Luzon, we can then use the excuse of debugging and maintenance to replace some of the parts with new ones."
"Understood. I promise to complete it within a week." Kong Zhaolin also knew the current situation. If the production line could not be delivered by then, Donghua Group would have no choice but to go bankrupt and reorganize.
Donghua Group took swift action.
Kong Zhaolin personally led people to ask the Donghua Chemical Plant in Pengcheng to suspend production and cooperate.
Li Xinyi, along with a group of engineers and technicians, dismantled usable parts from the half-abandoned production line.
It seems that they have managed to get through this contract crisis.
But are things really that simple?
…
That evening, on the Chinese Internet.
A video titled "Explosion at XXXX Factory" quickly spread across major platforms.
Because the video was shot at a close angle and was very clear, and because netizens near Pengcheng provided information, the accident at the Donghua Equipment Manufacturing Plant could no longer be concealed.
The Donghua Group, which had not yet reacted, was stunned by the news.
Soon, someone claiming to be an insider in the industry broke the news, saying that Donghua Group had cooperated with a company in Luzon last year to design and manufacture a complete fertilizer production line for the other party. It was estimated that this accident would cause a delay in the delivery of the equipment.
It was not until this information had been spreading on the Internet for more than five hours that a senior executive of Donghua Group discovered the incident while surfing the Internet.
Wu Heguang, who was already very worried about the accident, suddenly changed his expression when he heard the news. He reacted very quickly: "Quick, issue a notice to refute the rumor immediately, saying that it was just a normal gas leak and did not cause serious damage."
"Yes, President!" The secretary did not care that it was already 11 o'clock in the evening and quickly arranged for the public relations department to write a rumor-refuting announcement.
At the same time, Wu Heguang, who was in the office, thought for a while with a flickering look in his eyes. He was a smart man and he already felt that something was wrong.
The equipment at the test site would not have broken down earlier or later, but it happened at this critical juncture, and there was also intensive online public opinion. It was obvious that someone had set his sights on this batch of equipment, or someone wanted to deal with the Donghua Group.
"Who could it be? Could it be him... No, it shouldn't be him. That guy only has power in Hongshawadi. He has no foundation in the country..."
"Kaile Company? Did they deliberately set up Donghua Group? Just for the penalty ? That's not right. They don't have many people in China either..."
"Wait a minute..." Wu Heguang suddenly realized something:
"Could it be those guys? ABCD has joined forces with a number of international chemical giants to suppress Luzon's agriculture. They certainly don't want Luzon to produce its own fertilizers, and those chemical giants have a large number of partners in China..."
Wu Heguang seemed to have guessed something, but then he sighed secretly. It was obvious that he could only be angry but not say anything about the people and forces involved.
All he can do now is to suppress the matter as much as possible, complete the delivery of the equipment, and then get away with it.
Sure enough, for three consecutive days, the popularity of this incident on the Internet was suppressed.
And Kaile Company seemed to know nothing about it.
This made Wu Heguang secretly relieved.
But soon he was caught off guard again.
Online video conference.
The head of Kaile Company asked seriously, "President Wu, I hope you can give a reasonable explanation for this video. This is a video I obtained from an online intelligence dealer."
Wu Heguang's heart skipped a beat and his expression looked a little unnatural.
After he watched the video sent to him, he couldn't even say the words he had just prepared.
Because the video actually showed the contents inside the test site, and it was the actual accident that happened on that day, Wu Heguang didn't know how to explain it for a moment.
"President Wu! Can you give me an answer now? Can the equipment for the fertilizer plant be delivered on time?"
Wu Heguang could only bite the bullet and reply: "Mr. Lopez, please rest assured that most of the equipment in the explosion that day was intact. Our company has spare parts and can definitely deliver them on time."
"Really? If so, you shouldn't mind if I ask someone from a third-party acceptance company to go over and inspect it, right?" Carmen Lopez asked with a forced smile.
Wu Heguang was also extremely panicked, but he knew that he must not lose his composure. He smiled and nodded: "Okay, I will arrange for a vice president to bring people from the acceptance company to the factory as soon as possible."
Hearing this, Carmen Lopez smiled and reminded:
"OK, I am also concerned about this batch of equipment. After all, it is related to the strategy of localizing fertilizers in Luzon. Mr. Duterte is also very concerned about this matter. I don't want to disappoint him. After all, it will have a bad impact."
Damn it! Wu Heguang was already panicking.
He was not a fool, so he naturally understood the other party's implication, which was that there was a country standing behind me, so Wu Heguang should consider the consequences of fraud himself.
