Wansheng Real Estate acquired land worth over 8 billion in one go, and then its investment department continued to follow up on two old buildings and three plots of land.
According to the financial report of Wansheng Real Estate (a listed company, hence financial transparency), this obviously exceeded their cash flow.
Father Hu was puzzled and called Hu Zhifeng over to ask, "The funds that Wansheng Real Estate retracted before the stock market crash, a portion of which was used to repay bank debts, with just over ten billion in cash flow on their books, how did they come up with so much money to buy land?"
Hu Zhifeng didn't know either and said, "I chatted about this with Nie Zhan while playing golf two weeks ago; he said they didn't have enough funds on the books, otherwise they could have stockpiled more land when the opportunity arose."