After hanging up the phone, Yuan Yaxiong immediately contacted the person in charge of Hangzhou New District to inquire about the specifics.
However, the other party was adamant, insisting that they had received a report claiming that Yuan's Group had obtained the land through improper procedures and that, in addition to collusive bidding, they were also suspected of unfair competition. They were required to withdraw all construction personnel within three days, hand over the land, and pay a fine of five hundred million yuan.
This made Yuan Yaxiong panic on the spot. The cost of acquiring the land was one hundred and twenty billion yuan, and with subsequent expenditures, the total investment had reached two hundred billion. But now, with just one statement from Hangzhou New District, they were being asked to give back the land and pay a fine—something no one would be able to endure.
