If problems could indeed be found, it ant Tengying Group wasn’t impregnable.
But vulnerable instead.
Once such a massive group was brought down, everyone would inevitably join in the fray.
Continuously gnawing at the empire he had established over the years.
"These alone aren’t enough, we still need to add a few more fires in his enterprise, making him so busy and overwheld that it would be the best ti to investigate."
Mr. Yan made a suggestion; he might not be great at business, but he was very clear on how to cause destruction.
Once it could be revealed that there was a huge amount of unexplained wealth, Tengying Group’s good days would be over.
The business world is just like this, whenever fights break out, everyone will target to the death.
The reason Chen Pingsheng had taken steps ahead of ti to transfer all the core assets of the group to Xiangjiang was also to avoid this day.
Artists under Tengying were already paying back taxes, and not just his company but the opponents as well.
Not behaving properly at such a ti was equivalent to extending one’s neck for the chopping.
Beyond that, he had another critical weakness, which was the massive amount of unexplained wealth.
Even his wife didn’t know why he always had so much money, let alone others.
Once soone unearthed his side’s financial personnel, investigations into his assets would definitely begin.
Luckily, he had prepared for this day two years ago and wasn’t afraid of being investigated.
If he were Huang Zhongshi, by now he would have already reported the matter.
After all, this was the fastest way to bring him down.
As he expected, Huang Zhongshi obtained countless detailed financial docunts from Qin Xian and, after finding so reliable relations, accelerated the review process.
It would be best to dispatch an investigative team to Tengying Group as soon as possible to audit all investnt details and inco segnts over the past five years.
This wasn’t just about investigating tax evasion, but was a more serious direct attack aid at Chen Pingsheng personally.
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On the last day of November, shocking news rocked the financial world.
"Tengying Group founder suspected of possessing imnse unexplained wealth"
"Detailing Tengying Group’s major investnts over the years"
"Three financial questions, how did Tengying Group amass hundreds of billions in assets in just five short years"
This was accompanied by public skepticism and the direct deploynt of the Capital City investigative team.
Chen Pingsheng received them in Magic City; Huang Zhongshi was clearly rushing this.
In a situation where everyone suffered harm, it was a race to see who fell faster.
Under the impact of this negative news, the entire Tengying Group’s stock prices rapidly plumted, including Antler Coffee listed on Nasdaq.
Gao Hu, Chang Fu, Zhang Tao, Tong Zelan, including Chu Qiuyan, and the president of Tenghui Departnt Store, Shen Chengjun, all rushed to the headquarters in Magic City from across the nation at the first instance.
Compared to Chu Qiuyan’s previous speech, this crisis was a true life-and-death situation for the group.
After all, Huang Zhongshi was aiming directly at Chen Pingsheng himself.
He was the sole soul of Tengying Group at this stage.
The top floor of the headquarters in Magic City.
The group’s finance departnt was cooperating with the investigation, but Chen Pingsheng himself was rather relaxed.
He even poured tea for everyone, "It seems that over these years, we’ve indeed drawn too much attention."
"Old Chen, aren’t you worried at all?"
"What’s there to worry about?"
"Don’t you see how the stock prices are plumting?"
Unable to hold back, Chang Fu said, "Before, our drop was in line with Huayi, each of us losing billions per day, barely hurting each other, but now our whole system is dropping significantly more than Huayi by nearly double."
Tong Zelan calmly said, "I suspect he’s prepared for both possibilities."
"Did you notice that?"
"Isn’t it obvious?"
Tong Zelan said, "If they really found you guilty of possessing imnse unexplained wealth, that would be for the best; if not, they could still delay you for a while with their investigation. During that ti, he could raise funds to discreetly buy shares until he reaches the threshold to issue a takeover bid, acquiring the chance to directly take control from the stock market at the lowest price, similar to what Yao did to Vanke."
Chen Pingsheng nodded noncommittally, "Huang Zhongshi alone couldn’t possibly set up such a large sche, nor could he gather such a huge amount of capital. It’s clear we’re being targeted now.
"They want to use this opportunity to first drive Tengying Group’s stock prices to the lowest and then quickly acquire them through the secondary market, attempting to snatch the controlling stake directly from the stock market. Without hundreds of billions, it’s just wishful thinking. Huang Zhongshi doesn’t have that kind of money; he’s gotten the backing of a major financier."
Tong Zelan said, "You weren’t wrong. Xu Pidai called you, Fan Haon has turned to him, and you didn’t give him any face. He’s also looking to make a big profit from you during this opportunity."
Huang Zhongshi certainly couldn’t pull out hundreds of billions in cash.
With the scale of Tengying Group and its current stock price, to swallow such a big prey,
He would need to have the capacity himself.
"The stock price of Tengying Entertainnt is still around sixty billion, but I estimate that once it drops below thirty billion, they will surely make their comprehensive move."
One step leading to another.
Chen Pingsheng didn’t have much to worry about; he fell, but so did Huayi Film and Television.
It was a stalemate, but he hadn’t expected Xu Pidai to get involved so quickly.
"Prepare the finances, we need to protect the basis price of around forty billion for Tengying Entertainnt."
Chen Pingsheng said, "My wife can mobilize three billion cash from her side any ti. Also, contact Guo Ziyi for , mortgage the Xiangjiang headquarters building and four comrcial properties in Xiangjiang, and raise another 120 billion capital."
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