Reaching the age of thirty, my income randomly doubled Chapter 458

Chapter 458: Chapter 283: Chen Pingsheng's Backup Plan

The stock market evaporated hundreds of billions.

Those weren't just numbers, but the tangible assets of tens of thousands of individual investors that had disappeared.

Chen Pingsheng himself took out 15 billion in cash to stabilize the stock price and maintain market confidence.

Tong Zelan from the other side also brought out twenty billion, plus the funds mustered by a united group effort.

Almost totaling two hundred billion now.

This was not only about holding onto his own company's controlling stake, but also about protecting the interests of individual investors.

Domestically, unlike abroad, you can't make money by short selling.

Once stock prices fall in the domestic market, basically everyone loses.

It's clear that under market turmoil, everyone becomes a player.

The battle of Wanbao lasted for over a year, and it wouldn't end shortly from his side either.

At least with this two hundred billion taken out, they could hold on for at least two months.

Even if Xu Pidai wanted to immediately raise two hundred billion, that wouldn't be an easy task.

This was also the first time he had resolved a corporate crisis through mortgage loans.

This is the advantage of commercial real estate, only the most stable value of commercial real estate could immediately get a mortgage loan from banks or some major trusts in such a crisis.

In contrast, the shares of publicly traded companies obviously couldn't make the cut.

Song Wu, his sister-in-law, even came to find him, the entertainment industry had been too turbulent recently.

First, Huayi was severely damaged, not to mention her brother-in-law's Tengying Entertainment was also fraught with crises.

Enemies on all sides.

Song Yanxi was here as well, not just her.

This was the first time Tengying had faced such a major crisis since its establishment.

And the reason was actually because someone had their eyes on their family business, attempting to forcefully gain controlling stakes through the stock market.

They sparingly used a series of resources at all costs.

If the temporarily safe Tengying Group hadn't been able to produce two hundred billion in cash immediately, Antler Coffee and Fei Yangyang might have already changed hands.

And Tengying Entertainment would have been in extreme danger.

You should know, during the year of the Wanbao battle, the reason the founder Old Wang was ousted was mainly because he couldn't mobilize enough cash resources himself.

Only after seeking help everywhere was he barely able to fend off the invasion of Baoneng Group.

Chen Pingsheng was different, he could truly come up with over 150 billion in cash anytime himself.

Having this capital was the main reason he feared nothing.

Both companies were still frantically buying up stock in the secondary market, Chen Pingsheng's capital position sat there, making it impossible for Xu Pidai to take over his controlling stake.

However, he couldn't keep being passively beaten.

That completely contradicted his character.

After Zelan came over, he directly said, “Old Chen, I asked the old man at home to investigate, do you know how high Xu Pidai's debts are now?”

“How high?”

Xu Pidai had been in the limelight these years, admired by outsiders with a whole host of titles.

But that didn't mean he was absolutely safe.

Zelan forcefully extended two fingers with great momentum.

Yanxi puzzled, “Two hundred billion?”

Chen Pingsheng shook his head, “Probably more, given his scale and the high-speed operation of his real estate model, I guess two trillion could be possible.”

“Yes, exactly two trillion.”

Zelan was shocked by the result her grandfather had found, Xu Pidai was coming at them this way, they couldn't possibly just do nothing.

Chen Pingsheng frowned tightly, “This is not good news at all, such a company, once it explodes, it would be a disaster like an earthquake, not to mention how many families would be affected.”

“Indeed,” Zelan said, “We were initially just looking to catch him on some small fault to force him to reorganize and keep him too occupied to attack us anymore, but who knew the old man's answer was too shocking, this has already reached the 'too big to fail' level, even if he has countless loopholes, we can't be the ones to start this attack.”

“Why can't we attack him?” Song Wu couldn't hold back and asked.

Chen Pingsheng looked at her and said helplessly, “The consequences would be too severe, if he really does explode, even we who report him will definitely not end well.”

“Two trillion is not something that a normal person can owe, such huge debts, heaven knows how many interests are involved, we're just a private enterprise, we can deal with Huayi, but we absolutely should not touch this kind.”

Many times, having justice doesn't mean you can win.

Haven't you heard the saying? Once you owe the bank a hundred billion, you're the boss.

The banks would even fear your bankruptcy.

Just think about a number that's two hundred times higher than a hundred billion, it's astonishing just to think about it.

Not to mention attempting to pierce through it.

Chen Pingsheng certainly wouldn't harbor such improper thoughts.

Perhaps in Xu Pidai's mind, his debts also became his biggest amulet.

Zelan said, “It's rare for you to remain absolutely clear-headed at this time, my grandfather also warned me not to try to touch Hengda, let alone attempt to report them.”

Chen Pingsheng gestured with his hand, “Your grandfather is right, since we can't deal with Xu Pidai, what about Mr. Yan?”

Zelan took a sip of tea, “Old Yan's eldest son has been the richest man in Huaxia since the 90s, at that time their family even quickly used their connections to get themselves removed from Forbes and kept a low profile for many years, but everyone in Sudi knows that the Yan family has always been the undisputed richest in Sudi, their background is even deeper than Xu Pidai's.”

“No wonder he dared to target me directly, one is stronger than the other.”

Compared to them, Huang Zhongshi from Huayi is merely a small fry.

Ridiculous that he even dared to get involved.

One Xu Pidai who can't be touched, and another Old Yan's eldest son who has been the richest since the 90s.

This combination forced Chen Pingsheng to rub his temples.

Compared to the newly rising Xu Pidai, the old Yan Family, with its unfathomable background, was even tougher to deal with.

Having secured the position of the wealthiest man in the nineties and having spent decades without a single issue.

Just thinking about that ability was enough to know.

“Old Chen, my grandfather said that if you want to fight them, you'll need at least another five years to consolidate, and you definitely shouldn't make a move now,” she said.

Chen Pingsheng understood quite well, “Don't worry, I don't think I can compete with the wealthiest family of the nineties yet, and as for Xu Pidai, I hope the heavens can bless him to continue his glory.”

The subtext was still to not drop any bombshells.

If such a bombshell were to drop, the consequences would truly be unimaginable.

There would be millions of families paying for it.

He definitely wouldn't play the villain, nor could he bear the consequences.

As for Mr. Yan, taking it slow was fine.

Tong Zelan was quite relieved that he could continue to keep his composure; the urgent priority was still to play a good defensive game.

First tackle the current difficulties, then you could plan how to make a comeback in the future.

“Contact Xu Jing and ask how long it will be before our arranged people arrive in Xiangjiang?”

Chen Pingsheng wanted to put an end to this farce early. Xu Pidai was untouchable, and Mr. Yan was even more unfathomable.

Continuing to drag this out with these two was merely letting them make a bit more money.

Of course, Huayi had become the designated sacrificial lamb.

He never fought a battle unless he was sure of winning, and had been guarding against someone tampering with his sources of funds two years ago.

How could he not have made any preparations?

Zhang Wanyi didn't even know what people had been arranged to go to Xiangjiang or what problems they could solve.

After she phoned Xu Jing, Xu Jing told her they would arrive the day after tomorrow.

Chen Pingsheng was considerably relieved.

The day after tomorrow, a significant piece of news broke in Xiangjiang.

A delegation from the Middle Eastern Royalty visited Xiangjiang, specifically named Chen Pingsheng, and lavished praise on their long-term cooperation.

As soon as the news broke, Huang Zhongshi was directly stunned.

Wasn't it said that Chen Pingsheng's massive wealth was unaccountable?

Since when had he cooperated with the Middle Eastern Royalty? Not only was Huang stunned, but Xu Pidai was also quite surprised.

The concept of the Middle Eastern Royalty, real dynastic wealth coming from selling oil, was a global level wealth conglomerate.

No wonder the Tengying Group developed so rapidly; they had obtained support from the Middle Eastern Royalty.

Upon the news's release, the stock price surged.

The magnitude was frankly beyond imagination.

Not only did the stock price soar, but the investigative team stationed with Tengying Group directly received a message from Magic City.

End all investigations into Tengying Group.

The core assets of Tengying Group are very complex; a close look would reveal that the equity is mainly concentrated within Tenghui Capital.

This top-tier investment institution is registered in Xiangjiang, and its shareholders come from all over the globe.

Now that the Middle Eastern Royalty had arrived, this farce should also come to an end.

If this continued, whether the investment of fifty billion in Tengfei New Energy could continue was a major issue.

Regardless, the Tengying Group's development of new energy in Magic City was of great significance.

Now with the Middle Eastern consortium personally endorsing them, the investigation into the huge unaccounted wealth could no longer proceed.

After spending nearly half a month, the financially shocking and entertainment industry trembling Huateng conflict.

Ultimately ended in a comprehensive victory for Tengying Group.

The moment the news broke out, who knows how many people were cheering enthusiastically.

It made everyone in Tengying Group feel elated.

Only Huang Zhongshi in the corner was dumbfounded, “Why didn't this bastard mention the investment from the Middle Eastern Royalty earlier?

“His stocks went up, but what about my Huayi stocks, Mr. Yan? You have to help me!”

After the investigators withdrew from Tengying Group, the entire Tengying Group's stocks grew as if in retaliation.

It could be foreseen that it might return to its previous high position before long.

As for Huayi, Mr. Yan said, “Old Huang, I never promised you anything, and besides, when I and Mr. Xu were pooling money to buy back Tengying Group's stocks, I did remind you to join us. You can't blame me if you didn't have the money, right?”

“You…” Huang Zhongshi was very upset, being the only loser from start to finish.

Yan Qihua had taken out fifty billion in funds to purchase stocks of Tengying Group, and Xu Pidai had even staked eighty billion.

Even though they didn't seize the controlling interest in Tengying Group.

Given the rate of rise in stock price, afraid that within a month, it could double in profit.

This was considered a success, no matter how you look at it.

“Mr. Yan, I need to remind you, you surely haven't forgotten how many female stars you've been with at my place; thinking you can sacrifice me now won't be so simple!”

Yan Qihua sneered, stood up, and patted his shoulder, “Old Huang, don't talk drunk; I may not be able to step on Chen Pingsheng, but stepping on you would be more than enough.”

Xu Pidai was also in a good mood; he often went to Xiangjiang and was well aware that Tengying Group alone owned about twenty billion in commercial real estate there.

A company with such solid capital strength wasn't that easy to take down.

But he and Yan Qihua each had their gains, and as for Huayi, from beginning to end, it could only be a pawn.

Who told him he wasn't as strong as others?

Chapter end

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