Chapter 759 - The Wei Group’s Crisis
Chapter 759: The Wei Group’s Crisis
“Master Sheng, Wei Qirui has been acting too fearlessly these days. Let’s indulge him for a little while longer. However, it’s probably around time to close the net right?”
Han Mengyu said with an evil smile on his face.
In order to cause someone’s demise, you must first drive him mad.
It was Zhai Yunsheng’s intention to let Wei Qirui run rampant for the past few weeks.
Zhai Yunsheng, Han Mengyu, and Xing Wei did not only spend their time on fun and games.
Together, they set up a new business alliance called Heqi Alliance. The three of them were core members of the alliance.
Xing Wei: “In addition, Wei Qirui probably spread rumors about your future wife. Previously, it was possible for us to play around with him for a bit longer. However, I don’t think it’s necessary now.”
Han Mengyu: “However, your future wife is actually amazing. She’s friends with a congressman! It seems as though her skills are not only recognized in China but they’re also recognized internationally!”
Then Han Mengyu said half-jokingly: “If I were to get sick in the future, please let your future wife treat me.”
Xing Wei: “Master Sheng’s future wife is a surgeon. You’re not sickly. Therefore, why would she need to treat you? Do you want her to cut out your appendix or something?”
Zhai Yunsheng interrupted their conversation: “Most of the important companies under the Wei Group’s name are listed on the exchange right? Let’s make those company stocks suspended and delisted.”
Han Mengyu: “Okay, let’s go and short those stocks.”
Xing Wei: “Wait a minute, why does it seem like someone else is already doing this?”
Upon hearing this, Han Mengyu rushed over to take a look.
Han Mengyu’s face was incredibly puzzled as he commented: “Huh? What’s going on? They did the exact same thing that we planned to do!”
Xing Wei: “But this doesn’t make sense! The Wei Group has been gaining momentum for the past two years. Therefore, there’s no reason for anyone else to do this.”
Han Mengyu: “Well, one thing is certain. The person who orchestrated this matter definitely has a lot of power behind them.”
In fact, you could count the number of people in Beijing who dared to challenge the Wei Group on a single hand.
However, to put those thoughts to action… Who could possibly do that?
Zhai Yunsheng also frowned in confusion.
Who was messing with the Wei Group?
Was this a coincidence?
And what was their purpose?
###
The next day, a report about the Wei Group’s financial fraud got reported by the news.
As Wei Qirui woke from his sleep, it was as though he got hit by a bolt from the blue.
The news about their company’s financial fraud was all over the place.
As soon as the exchange market opened, the value of the Wei Group’s stocks plummeted immediately. In fact, after an hour of trading, the stocks got suspended by the exchange market.
In a matter of hours, the market value of the Wei Group dropped by 200 million dollars.
Wei Qirui immediately held a shareholders’ meeting to discuss countermeasures.
“Who did this?! Where the hell did this report come from?!” Wei Qirui yelled. He was so angry that his entire body was shaking.
“It’s from a company that specializes in digging up insider information from listed companies. The company is called Broken Waves. Furthermore, the company has no more than ten permanent employees. However, they have a lot of temporary employees. The company relies on digging up and releasing information. They make money from shorting the stocks.”
Such companies actually existed. Previously, similar incidents had happened as well.
However, Wei Qirui never expected such a thing to happen to him.
“Is there any way to recover our losses?”
“Mr. Wei, we can only ask our public relations team to try and help us regain our reputation. However, if our stocks continue to fall tomorrow, there’s a risk of our company being delisted.”
“Ahhh, what the hell! This company deserves to be sliced a thousand times with a knife!” Wei Qirui cursed.