Chapter 635: People Change
Chapter 635: People Change
Because the leaking insider could not be identified immediately, Zhang Yun had to put the matter aside for the time being. She then instructed Steve: "Immediately mobilize funds to support the market. The investigation must be expedited. Large transactions will definitely leave traces. Find the other party."
Steve nodded to indicate that he understood, and then left the office to gather funds to prepare for the counterattack.
However, the enemy came prepared. The funds were already stretched thin by Zhang Yun's acquisitions, and the limited funds invested were completely wasted.
Moreover, rumors began to circulate that the Xue Group was experiencing huge losses. Combined with the recent stock performance, this led to widespread panic, and retail investors and small institutions that were originally observing the market also followed suit and sold off their shares.
What's even more troublesome is that the continued plunge in stock prices has also affected the stocks pledged to banks. As is customary, banks set a liquidation line when pledging securities like stocks. Otherwise, if the stock market value is 10 million when the contract is signed, the bank will lend at 60% of that, which is 6 million. But if the stock price suddenly drops to 1 million, wouldn't the bank holding those stocks suffer a huge loss?
Therefore, banks need to set a liquidation line in the loan contract terms. That is, if ten million worth of stocks fall to eight million, the bank will sell the stocks pledged to them to ensure that the bank does not suffer losses. But if this is done, the borrower will suffer greater losses.
However, banks certainly wouldn't do that immediately, as doing so would definitely offend major clients. So, banks usually issue a notice requesting early repayment first. But even so, it was a further blow to the already cash-strapped Xue Group.
Although the Xue Group has a large amount of liquid funds and its own bank, these funds have already been locked up in advance due to several huge acquisitions. If those funds are used, not only will the acquisitions fail, but they may also have to pay high penalties for breach of contract.
They can't afford to mess around with their own bank. If they do, a bank run is guaranteed, which would cause even bigger problems and trigger a chain reaction.
However, Zhang Yun still has some cards to play at this moment. After all, the Xue Group is a large and powerful enterprise. As the saying goes, even a broken ship has three thousand nails. She can sell off some of the Xue Group's high-quality assets.
However, it's difficult for her to play these cards. Firstly, if she sells at this time, the buyer will definitely lower the price, and these high-quality assets may eventually fall into the hands of the person manipulating this matter.
Secondly, if she did that, it would greatly affect market confidence. The outside world's confidence in the Xue family had already plummeted. If she did something like that, it would definitely cause the market to completely lose confidence in the Xue family, which would be troublesome.
There's an old saying that goes, "When you're down on your luck, even drinking cold water can cause you to choke." This is exactly the situation Zhang Yun is facing right now.
The pressure was real and felt on Zhang Yun's shoulders. At that moment, she thought of the man far away in Shanghai, Huang Xiaochuan, the biological father of Luca and Yawen.
Without a moment's hesitation, she pressed the intercom on the table: "Arrange a flight. I need to fly to Shanghai tomorrow morning!"
The following day, Huang Xiaochuan was listening to the director's work report at the "Pudong Public Library," a private library he had funded and established.
Gao Song walked quietly behind Huang Xiaochuan and whispered a few words in his ear.
Urgent! Major plot twist! Watch now!
Huang Xiaochuan nodded: "I understand. Tell her to wait for me on the first floor."
After the meeting, Huang Xiaochuan went to the Ming and Qing Furniture Museum on the first floor, where Zhang Yun was waiting for him.
Zhang Yun looked somewhat haggard. Even though her makeup was perfect, the trace of fatigue was something that no amount of makeup could hide.
After the two met, Huang Xiaochuan did not ask Zhang Yun's purpose for coming, but instead took her to visit the Ming and Qing furniture museum that Zhang Yun herself had created.
After walking for seven or eight minutes, Zhang Yun, looking worried, got straight to the point with Huang Xiaochuan: "Someone is maliciously targeting the Xue Group and is currently shorting the stocks of several of the Xue Group's core listed companies."
Subsequently, Zhang Yunyi briefly recounted the entire incident to Huang Xiaochuan, as well as the financial pressure she was currently facing.
After hearing this, Huang Xiaochuan didn't say anything, but gave the woman a meaningful look. In fact, after this woman secretly gave birth to two sons for him, he no longer trusted her, otherwise he wouldn't have taken Changhong Capital back from her.
Although this woman said she wouldn't let Yawen and Luca compete with Huang Zeji and Huang Ruiying for the inheritance in the future, such words should only be taken with a grain of salt. People's mindsets change with age and environment, especially since this person is a mother.
A mother can do many things for her child, one of which is to seek the best interests for her child. In an ordinary family, this would be nothing special, but the Huang family is different. In the future, with the development of the times and society, Huang Xiaochuan's businesses will only increase, and will reach an astonishing level.
Therefore, Huang Xiaochuan had to be on guard, which is why he set up a document early on to exclude Yawen and Luca from the list of heirs.
But he also assured the two children that they would have a worry-free life, and if they were capable, that would be even better. Huang Xiaochuan was very willing to lend them a hand and help them develop their own careers.
After a long pause, Huang Xiaochuan said, "There's a saying that makes a lot of sense, although it's a bit crude. Would you like to hear it?"
Zhang Yun paused for a moment, but still nodded.
Huang Xiaochuan said bluntly, "Taking too big a step can easily lead to disaster. That's exactly what you're doing. You could have developed the Xue Group by taking steady and solid steps, but you just had to try to get rich quick. You need to know that running a business and financial speculation are two different things. You approached the development and acquisition of businesses with a speculative mindset, so your starting point was wrong from the beginning."
Now that things have come to this, Zhang Yun already knows where she went wrong, so she can only listen to Huang Xiaochuan's words without missing a single one.
After all, she was counting on this man to help her out!
"I need your help. I intend to leave the Xue Group to Yavin and Luca. If the Xue Group collapses entirely due to financial problems, Yavin and Luca will completely lose the opportunity to continue with the Xue Group. You don't want to see that happen, do you?"
"You're wrong. That's your opinion, not mine. Even without the Xue Group, Yawen and Luca will be fine. You don't need to worry about that." Huang Xiaochuan's tone was harsh, showing no intention of giving this woman a kind look. He had seen through her intentions when she had painstakingly planned to bring her two children to the Clark Award ceremony with him.
Zhang Yun's heart sank to the bottom; she hadn't expected Huang Xiaochuan's attitude to be so cold.
fictionpage