Xu Group.
Since yesterday, two pieces of news had started spreading rapidly within the entire company.
One said that the Xu Group had precisely fallen into a pit before the vaccine incident exploded, with nine billion yuan in funds deeply trapped in the stock market, leaving the company’s financial chain on the brink of danger!
The second piece of news happened in Anxi City, Shan Province.
It said that the current CEO of the group, Xu Jingsong, had gone ahead with a villa project at the northern foot of the Qinling Mountains, fully aware that the procedures were incomplete and in violation of national regulations.
Although he had obtained the construction permit under the guise of tourism developnt, he secretly carried out villa construction.
He was also suspected of acquiring land use procedures and other irregular operations through illegal ans.
On the internet, so related docunt photos were even leaked, claiming it was all factual and evidenced!
Finally, the ssage ambiguously revealed,
that now the local relevant departnts in Anxi City had received relevant materials and had already intervened in the investigation. The project had been forced to halt, and Xu Jingsong might even end up in prison, and so on...
...
"Bang!" "Damn it!"
Xu Jingsong slamd the table, his face livid.
"Who is it? Who is behind this sabotage!"
"I am still investigating, but it seems the news ca from within the company. So, I think it’s very likely that there is a mole!"
"Find them! Find this person for !" Xu Jingsong was uncontrollably angry.
"Mr. Xu, if the other party ca prepared, we might have difficulty catching them.
The most urgent thing now is to think about how to redy the situation!"
Cui Jizhong suggested.
Once he received the ssage, he had already realized the seriousness of the problem.
These two pieces of news.
The nine billion in funds being deeply trapped is true, the company’s financial chain being in critical danger is false.
The illegal use of land is true, Xu Jingsong going to prison is false...
The mastermind behind this obviously mixed truth with lies.
The two explosive false pieces of news were clearly ant to attract public attention, presumably with the intent of pushing Xu Jingsong into the lilight.
"Getting stuck in the investnt is one thing, but how could the villa project at the northern foot of the Qinling Mountains suddenly be exposed?"
Xu Jingsong paced with a grim expression.
Watching Chang Chun Biological’s trading limit down every day for the past few days had already made him extrely irritable.
And now, soone was spreading rumors that he was about to be "put away"?
How could he tolerate this?
"Here’s the situation: today, an official from Shan Province suddenly called , first complaining about how we were being targeted.
He also said that due to recent tight investigations, once the news spread, they had no choice but to temporarily suspend the construction for safety reasons."
Cui Jizhong reported.
"Damn it! That project was almost finished!" Xu Jingsong was pained by the losses the suspension would cause.
The Xu Group’s main businesses include finance, real estate, hotels, tourism, healthcare...
Among these, Changqing Biological was the main company laid out in the healthcare sector; however, that part was obviously ruined now.
Real estate was the pillar industry of the Xu Group, which was also the foundation of their fortune.
Their real estate developnt projects were spread all over the country, even extending to overseas properties.
With dostic housing prices soaring in recent years, the Xu family had made a fortune!
Moreover, the real estate industry was known for its snowball-style debt-driven developnt model, which rapidly expanded the group’s size.
After diversified developnt, the group had achieved its current scale.
The villa project at the northern foot of the Qinling Mountains was one of the real estate projects handled by a subsidiary of the group after Xu Jingsong took over as CEO of the group.
Its profits were extrely substantial!
Of course, high returns naturally did not co without risks.
"Qinling" is China’s geographical dividing line between north and south and a key ecological barrier nourishing the 800-mile Qin Chuan area.
It has always been known as "China’s Central Park" and "China’s Green Lung."
It serves many functions including climate moderation, soil and water conservation, water source enrichnt, and biodiversity maintenance.
In recent years, nurous illegal villas had erged around Qinling, resulting in the occupation of a vast amount of agricultural and forest land.
To protect Qinling, the Shan Province governnt issued in 2003 the "Notice on Carrying Out Special Rectification Work for the Ecological Environnt Protection of the Northern Foothills of the Qinling Mountains" which explicitly stated,
"Prohibit any unit and individual from engaging in real estate developnt, constructing comrcial housing, and private villas in the northern foothill area of the Qinling Mountains."
But for Shan Province, whose economic conditions were far less than that of coastal provinces, the northern foothills of Qinling were undoubtedly an extrely tempting source of fiscal revenue.
As the saying goes, there’s a policy above and counterasures below.
"Tourism developnt land" thus beca a breakthrough point for real estate developers.
For the sake of fiscal funds, the local authorities turned a blind eye.
Originally, this matter was tacitly understood.
The governnt sold the land, property developers made money, wealthy people got green mountains and clear waters, and everybody quietly made a fortune.
After a few years, once it beca a fait accompli, then the villa clusters too would beco a historical issue...
As for environntal protection, that was naturally left to future generations.
After my death, why should I care if the flood is overwhelming?
That’s why, in 2014, there were only over 200 illegal villas in the northern foothills of Qinling, but by 2018, it had reached over a thousand, showing the craziness of its developnt.
This was also why Xu Jingsong was fearless in initiating this project.
However, this matter was, after all, an illegal developnt and involved so secretive under-the-table deals, initially known only to him and Cui Jizhong among a few others.
Being exposed today, if soone higher up really started an investigation, it would indeed be a significant but manageable problem...
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