Song County.
Jiang Chen and Ye Muqing successfully contacted the old factory director.
Logically speaking, this old factory director should have been retired by now.
The problem was that there was no new director to take his place.
This grain processing plant was not large in scale, but its accumulated liabilities already exceeded three billion.
Strictly speaking, this debt was not actually incurred by the processing plant itself; rather, the plant had taken out bank loans simply to pay government salaries.
They had basically borrowed from every local bank imaginable, which explained the staggering amount of debt.
Was this compliant?
It was not.
Yet the local government had run out of options.
It was not just the grain processing plant; local hospitals, schools, and even parks had all been put up as collateral.
The local banks had no choice but to accept.
Although local banks were not directly managed by local officials, a game of tug-of-war between local and central authorities had always existed. If the local banks refused, that friction would only intensify.
Therefore, the local banks were powerless to stop it.
As a result, the grain processing plant was buried under more than three billion in debt.
Today, the plant could be said to have no successor in line, and there were hardly any workers left either.
Apart from their official government-backed status, the workers had nothing left, and everyone was desperately looking for a way out.
When Jiang Chen and Ye Muqing arri…
Chapter 229