"Xu Zhongkai was arrested by the US police on suspicion of criminal cases in the United States..."
"The victim is exposed, but he looks mature..."
"Zhongtian Group's stock plummeted..."
The house leaked and it rained all night. The leaking case originally gave Zhongtian Group a headache. But before the Xu family could react, Xu Zhongkai's incident completely panicked Xu Yonghai.
Xu Zhongkai is Xu Yonghai's only son, and this son is Xu Yonghai's only hope. Xu Yonghai has devoted so much effort to this son over the years.
Now something happened to his only baby bump, and the news from the United States is conclusive. This is a very serious matter. Xu Yonghai is an American national, and it is impossible to extradite him back to the country.
According to American law, Xu Zhongkai is likely to spend his entire life in prison.
Huaxia, Xu Yonghai's villa. Xu Yonghai's eyes were filled with anger, but after the anger, there was deep fear.
This series of combined punches was too fierce, and it directly caught the Xu family's understanding. Now that False is in trouble abroad, so many people are suing Zhongtian Group.
According to foreign laws, Zhongtian Group's compensation this time may be a very scary figure. It is possible that all its overseas operations over the years will be wiped out overnight.
As for his own son, it was obvious that someone deliberately framed him. That girl was so mature that no one would believe that she was underage.
It goes without saying that such a woman deliberately approaches her son. Someone is deliberately trying to trick the Zhongtian Group, but the Xu family has too many opponents, and until now Xu Yonghai doesn't know who is dealing with him.
Xu Yonghai himself didn't pay much attention to the incident where he promoted the monopoly of Longteng Group behind the scenes. After all, in Xu Yonghai's view, Longteng Group had no losses.
And that incident passed within a day or two. For a large group, it was a very small incident.
"Chairman, it's not good..."
A phone call came in.
"What happened again?"
Xu Yonghai said in a gloomy tone.
"We found that within two weeks, a large number of institutions were shorting our stocks at the same time. The total amount was tens of billions of dollars..."
Hearing this, Xu Yonghai almost suffered a heart attack. Within two weeks, tens of billions of dollars were shorted against his group's stocks.
The stocks have plummeted in the past two days, and the profits of short sellers can be imagined. The money made by short sellers is all their own money.
The so-called short selling of stocks is very simple, that is, borrow the stocks first, then convert the stocks into cash, and then return the stocks when the stocks fall.
In this way, you can make profit from the price difference in the middle. The more your stock falls, the more short sellers will make, and at the same time, the stock owners will naturally lose more.
If this crisis will shrink the assets of Zhongtian Group, then this short selling will bring Zhongtian Group to its death.
This is not just a matter of shrinkage. Once the shares of Zhongtian Group fall to a certain level, the other party exchanges the shares back. Then the Xu family will probably be heavily in debt.
"Use all possible means to prevent the stock from falling."
Xu Yonghai seemed a little hysterical.
"Chairman, we have limited funds."
The other party's answer made Xu Yonghai struggle with his eyes.
"I will solve the funding problem."
Xu Yonghai took a deep breath. He knew that this time he had to break the boat. He had no choice. If he could not prevent the stock from falling, he would be heavily in debt by then.
Over the years, Xu Yonghai has experienced great storms. But this crisis has come too hard. With such a large amount of short-selling funds, it is obvious that the other party is well prepared.
Only then did he understand why Zhongtian Group's stock had risen so sharply two weeks ago. To first pull the stock up and then short-sell it, this was the usual method used by speculators.
Xu Yonghai now has the desire to kill people. He is trying to force himself to death. The key is that up to now, Xu Yonghai still doesn't know who is dealing with him.
The other party's actions were too covert. Although the Xu family also asked their connections to investigate, it was of no use. This operation was abroad and there was nothing they could do.
In China, the Xu family also spends money on public relations, but the effect is not very good. They don't accept this money at all, especially the Longteng family. There are a lot of reports about Zhongtian Group on the Longteng News client.
Stocks fell, his son was arrested, foreign industries closed down, and bad news broke out in China one after another.
All this happened so suddenly that the Xu family did not expect it. Almost overnight, Xu Yonghai had become much older.
"Sorry sir, you have been restricted from leaving the country."
At the airport, the security personnel checked Xu Yonghai's passport and said directly. Xu Yonghai's face turned ugly when he heard this.
Being restricted from leaving the country, it is obvious that the relevant departments have been wary of themselves. You must know that although Zhongtian Group is powerful, it also owes a lot of money.
Xu Yonghai turned around and left. He could not go abroad. He could only entrust his son's affairs to a lawyer.
"Banu Hotpot opened, and one hundred and twenty chain stores opened at the same time..."
"The old flavor Sichuan restaurant opened, and 68 stores across the country opened at the same time..."
Just when Zhongtian Group was in trouble, some news broke out here. The revelation of these news caused Zhongtian Group's stock to plummet again.
In the catering industry, Zhongtian Group has some catering brands. Moreover, these brands have been deeply cultivated in China for many years and are deeply loved by the people.
But now, these brands are all directly competed by Longteng Group. They have the same type, the same dishes, and even the location is similar.
Many stores are right next door to Zhongtian Group’s catering brands. Some of them can’t be found next door but just a short distance away.
The purpose is very clear, which is to compete with Zhongtian Group’s catering brand.
Yours is hot pot, and mine is hot pot. Yours is Sichuan cuisine, and mine is also Sichuan cuisine.
I sell whatever you sell, and I have as many stores as you have.
It's a real bargain, it's a real bargain. And so many stores are opening at the same time. There's also a big opening bonus, and the price has been pushed to the lowest. It's definitely a big money-losing bonus.
Coupled with the golden name of Longteng Group, after these stores opened, they directly took away the business of Zhongtian Group.
It's the same as eating hot pot. The taste is better, the service is better, the environment is better, and the price is lower. Who would choose the expensive one?
As for price wars, Longteng Group is not afraid of Zhongtian Group. Longteng Group has huge assets. A movie can earn tens of billions of yuan, and there is so much money. Even if it throws money at you, it can kill you.
The stock plummeted, and the stock plummeted again. Seeing this, Xu Yonghai finally knew who was behind him.