N-M Chapter 297 Bankruptcy
Chapter 297 Bankruptcy
Chapter 297 Bankruptcy
In other words, while Chen Jingyin and Hu Yan were plotting against Wu Tao, Wu Tao had already dug a huge pit for them.
This time the pit is too big; I'm afraid quite a few people will fall into it.
The thought that these projects not only caused them to invest all their funds into a huge pit, but also resulted in loans of hundreds of millions of yuan is disheartening.
Chen Jingyin's legs went weak and she fell to the ground. Hu Yan caught her.
"Don't rush. Our top priority is to find a sucker to sell our shares as soon as possible. Not only here, but we also need to sell several of our other projects."
"Yes, we can't just sit here and wait to die. Let's go back now."
Hu Yan grabbed the anxious Chen Jingyin and said in a deep voice. Hu Yan was particularly calm now; at this moment, a man's manners truly surpassed those of a woman.
Hu Yan knew very well that the only way out was to save himself. No matter what, minimizing the losses was the only important thing.
"Don't panic, calm down, there's no need to rush these few hours."
Upon hearing Hu Yan's warning, Chen Jingyin knew that she couldn't be seen by anyone right now.
Hu Yan and Chen Jingyin tidied themselves up, helping each other to get ready, before turning around and continuing towards the conference room.
Before the two could even enter the meeting room, their cell phones suddenly started ringing.
Hu Yan and Chen Jingyin were both taken aback, perhaps guessing what was going on, and then they quickly answered the phone.
"Mr. Hu, ten minutes ago, financial media reported that several projects we invested in are currently facing a funding shortage and uncertain prospects. Also, several banks have called demanding immediate repayment. Mr. Hu, what should we do next?"
Before Hu Yan could hang up, bad news followed immediately from Chen Jingyin's phone.
"Mr. Chen, our company account has been frozen. It seems someone has sued us, and the court has taken measures to preserve our assets. Mr. Chen, please think of a solution quickly, the reporters are already downstairs."
Upon hearing this, Chen Jingyin's face turned pale, as if something had been revealed.
Not just the two of them, but soon the conference room door was suddenly pushed open from the inside.
Several people ran frantically outside, still urgently instructing the other side to quickly notify the shareholders to hold a meeting.
In the conference room, General Manager Zhang slumped into the main seat, his face ashen as he watched the media reports on television.
It seems that the problems with the projects of these companies suddenly became bad news known to everyone.
The project was almost successful, so why did it turn out like this?
Mr. Zhang was unaware that his company was going bankrupt. He only knew that he should have sold more shares back then, at least he could have gotten some money.
Unfortunately, he himself was misled by the project's future prospects. When he saw Black Sky Capital relinquishing most of its shares, he even mocked them for being short-sighted.
If they had simply continued to hold the shares, the profits they would have made in two years would have been ten times greater than they are now.
Mr. Zhang had no idea that truly powerful investors always know when to stop and take profits, while only the retail investors would be greedy for the last penny.
Mr. Zhang didn't want his shares to be sold off cheaply, so he wanted to seize this only opportunity to pocket all the profits.
Who could have imagined that the project would ultimately fail, and now the shares he held so tightly have become worthless.
Mr. Zhang sat in his chair and smiled helplessly. He knew he was finished. This project had failed, and no one would give him another chance.
Capital is the most pragmatic thing; it loves to pursue success but has no pity for the weak.
Wu Tao learned about Chen Jingyin and Hu Yan's company going bankrupt with debts of 500 million yuan from television.
At this time, Wu Tao had already held a celebration party in the lobby of a top-tier hotel in the United States.
After more than a year, Black Sky Capital's three investments in the United States have finally achieved good results.
They initially invested $300 million and have now received $800 million back.
The company generated a net profit of $500 million in one year, plus a portion of permanent dividends from the three projects.
On the other hand, their enemies are now finally becoming the drowning dogs.
Hu Yan's family assets are only around one billion yuan. If he were to sell his assets in a short period of time, he could get at most half of that.
The last time the other party took out 200 million in cash, it was money that Hu Yan borrowed using his family's shares.
Now, with an additional 500 million in loans, it's fair to say the Hu family is bankrupt.
Even if all of the Hu family's assets, including real estate, luxury cars, watches, and companies, were sold, Hu Yan would still be burdened with a large amount of debt.
From now on, Hu Yan will become penniless, and Wu Tao won't even need to personally deal with such an enemy.
As long as he releases the information, Hu Yan will become a target for many people. It's a winner-takes-all story; since Hu Yan chose to collude with Chen Jingyin and oppose Wu Tao in the first place, he should have expected this day to come.
Chen Jingyin is in the same boat; her only 50 million is gone. Loans will be distributed according to shareholding, leaving her with a debt of 100 million. Her villa, luxury cars, and all her expensive handbags and jewelry will be taken away.
Even so, she still has tens of millions of yuan in debt.
Wu Tao would naturally not let his enemy off the hook. Once Hu Yan and Chen Jingyin had dealt with these troubles, they would receive a "surprise".
Wu Tao shocked everyone in the industry once again; this time, Black Sky Capital truly outmaneuvered everyone.
Everyone initially thought that Black Sky Capital had also made a mistake this time, but it turns out that they had already cashed out and left the market.
Not only did they cash out and make a fortune, but they also dug a huge pit for their enemies, burying everyone involved.
Several people who were initially gloating behind the scenes, even mocking Black Sky Capital for being too stupid, never expected that Black Sky Capital would let them get on board so easily.
Several investment bank presidents have now been fired by shareholders, given the magnitude of the mess this time. The key issue is that no one would likely reuse such brainless presidents.
Black Sky Capital was already a rising star in the industry, and now it shines even brighter. Coupled with its track record overseas, Black Sky Capital's valuation has long since exceeded 10 billion.
Wu Tao has absolutely no desire to list Black Sky Capital, which makes it difficult for others to set a trap for him.
Besides controlling the original shares of several high-quality projects, Black Sky Capital also has a cash reserve of three billion yuan.
With 3 billion in cash, it would be very difficult for anyone to target Black Sky Capital.
Wu Tao's story of becoming a billionaire through his own hard work is truly inspiring.
This also made Lin Shih-han, Gu Yan-qing, and the other young ladies even more fond of Wu Tao.
Lin Shih-han and Gu Yan-qing secretly mocked Chen Jing-yin, saying that only a fool would choose to betray Wu Tao for a mere assistant.
Now, when Chen Jingyin came out of the villa, she was carrying a suitcase.
The suitcase contained only a few simple outfits; the brand-name clothes, bags, and jewelry in the house had all been confiscated.
Chen Jingyin walked aimlessly down the street, carrying her suitcase, suddenly unsure of where to go.