With the ergence of a real-na whistleblower, the struggle that shocked the entire industry began quietly.
The entire entertainnt circle was affected, and the first thing on every artist’s mind now was how to protect themselves in this storm.
After all, dual contracts were practically an open secret in the circle, and no one had dared to expose it outright for so many years.
Yet Tengying Entertainnt was the first to lift the lid, targeting the leader of the Four Great Dan Actresses.
Announcing its dominance to everyone.
Magic City, November 28.
There were just two days left in November at the month’s end, and in one more month, the year 2016 would be over.
About to officially step into 2017.
On such an unremarkable day, the entertainnt industry was in turmoil.
The authorities had already publicly instructed through official dia to investigate tax evasion within the entire industry.
This wasn’t limited to just investigating Fan Haon; she was rely pushed to the forefront.
For Fan Haon at the mont, the best outco was to avoid incarceration.
It all depended on her own tactics, as the leader of the Four Great Dan Actresses wasn’t one to take things lying down.
As for Tengying Entertainnt, which started it all, its share price had dropped from over eighty billion to seventy billion in less than ten days.
A decline of over 15%.
And Huayi Film and Television, which made the first move, saw its stock price drop from over a thousand billion to less than eight hundred billion.
If this was the state of the giants, the others were even less worth ntioning.
Countless people howled that the entertainnt industry’s winter had arrived, wondering how many would be sacrificed in this battle.
There were also nurous big players in the capital market attempting to bring the two companies together for reconciliation.
To get past the imdiate challenges before anything else.
Neither Huang Zhongshi nor Chen Pingsheng had any intention of stopping.
It was a continuous procession of one acting after the other,
relentlessly using whistleblowing to directly halt each other’s companies or projects. Find your next read on My Virtual Library Empire
This, too, happened in the last two days of November.
Huang Zhongshi held his private party in a top private club on the third ring road of Capital City,
Those attending his eting at such a ti were undoubtedly those who stood on his side.
These included top figures in the entertainnt circle like Fan Haon, Feng Dagang, and Yang Baobei,
and so other influential people who couldn’t be ntioned.
Since Huayi went public, it could be said to have been a standout in the entertainnt industry.
One couldn’t find a competitor even with binoculars.
That was until Tengying Entertainnt went public, rising so swiftly that it caught everyone off guard.
Originally, Huang Zhongshi hadn’t planned to sacrifice Qin Xian, his important piece, so soon this month.
But "War Wolf II" was posing too great of an obstacle.
He had been lenient, only wanting to teach them a lesson to show that Huayi was not to be trifled with.
He had not expected the other party to strike back so fiercely, throwing the spearhead back at him.
In ten days of fighting between the two companies, they saw a combined four hundred billion market value evaporate.
This was a tangible loss, unimaginably large.
Compared to this, the tax compensation paid by those artists was not even worth ntioning.
A group of people sat around the stove, the rising steam as angry as the looks in their eyes.
Huang Zhongshi was the first to speak, "Now it’s not just an issue between our two companies. After the tax investigation team from above goes down, the inspection will last at least several months. Let’s hear so suggestions."
This statent clearly ant that the drop in stock price was just the beginning. Until the investigation ended, no one would dare to buy stocks from the two companies during this ti.
With only selling and no buying, the stock price would inevitably continue to drop for several more months.
That was the most frightening part.
"Qin Xian, you’ve been there for over two years. Can’t you grasp any significant leverage at all?"
The quickest way to defeat an opponent was to use legal weapons.
If they could find even a shred of core illegal evidence on the other side, such as fabricating financial statents, one blow could drive them to delist.
Qin Xian gave a wry smile, "You might not believe it, but Tengying Entertainnt is not even Tengying Group’s core asset. Chen Pingsheng has already transferred his important assets to Xiangjiang over the years. The company doesn’t have a single penny of bank loans, so why would it use fabricated financial statents to obtain financing?"
This was indeed a fact; it had no financing needs and naturally wouldn’t resort to fake financial statents.
Fan Haon, now the most angry, and Feng Dagang spoke harshly, "So it ans that you’ve been there for two years, just as useless as trash."
Qin Xian was just a small figure, having betrayed Tengying Entertainnt for two million.
"A man dies for money; a bird dies for food." He never felt he was wrong.
He just didn’t expect to be so disrespected.
Huang Zhongshi continued, "I have always been puzzled. According to you, Tengying Entertainnt’s investnt in comrcial real estate alone amounts to over fifty billion, and his investnt in Tengfei New Energy is also as high as fifty billion. Together, this adds up to a hundred billion in cash."
"How did Chen Pingsheng amass such a vast fortune in just a few years? Don’t tell it’s from the profits of those listed companies; even if I bundled all his enterprises together, they couldn’t co up with a hundred billion in cash. Where exactly did this money co from?"
Cri of enormous wealth with an unidentified source.
Huang Zhongshi was indeed a seasoned businessman, being able to pinpoint the core issue with just so financial data.
If he had gotten bank loans, then obtaining such a large sum of money might be plausible.
The key point was the lack of bank loans, so where did all this money co from?
Who could say for sure?
Everyone’s eyes lit up, and even Mr. Yan, who was invited, felt the sa.
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