I have a debt of 3 trillion, and my creditors are begging me not to die.
Chapter 149 Le Tian Group admits defeat, pays compensation, and withdraws from the Longguo market
Chapter 149 Le Tian Group admits defeat, pays compensation, and withdraws from the Longguo market
Xin Xiangdong paid a huge price to fight against Yang Chen. The cash used to increase stock holdings alone cost about 50 billion Eagle Coins. Moreover, the branch in Sakura Country is now competing with him for the legitimate status. Now he is asked to surrender immediately and accept any conditions set by Yang Chen. How could he be willing?
“Mr. Mather, I respect you, and please respect me too. I have paid such a huge price, and if you ask me to surrender I will surrender, but who will bear my losses? Shouldn’t you help me? Why are you helping Yang Chen to force me?” Xin Xiangdong questioned.
John Mather immediately replied: "Yang Chen shorted the two companies we controlled, and we spent 60 billion Eagle coins to increase our holdings to no avail. Most of our wealth is in these two companies, and we don't want to see our wealth shrinking drastically every day. Do you understand?"
Xin Xiangdong said angrily: "Oh, you don't want to see your wealth shrink, so you want my wealth to shrink? I was counting on you as shareholders to help me at a critical moment, but I didn't expect you to be so shameless."
John Mather angrily cursed, "Fuck! You are so shameless! I'm calling you now to tell you straight, you'd better do as I say and don't force me to use more stringent measures to make you obey! I won't see your announcement before the opening of the Shouer Stock Market tomorrow, just wait!"
John Mather hung up the phone immediately and told his friends what Xin Xiangdong had said.
When his friends heard this, they were furious and said they must teach Xin Xiangdong a lesson.
On the other side, Xin Xiangdong was so angry that he smashed the phone and cursed John Mather and other main members of the Cleveland Consortium one by one.
Soon, the Shouer trading market opened.
Xin Xiangdong was quite tough and did not issue an announcement to admit defeat.
John Mather and others immediately contacted the Bald Eagle Business Department. They wanted to let Xin Xiangdong know who is the father and who is the son.
As we all know, the Bald Eagle is a country controlled by capital. There are financial groups behind both the Republican and Democratic parties. These financial groups decide which party will come to power, and the agents they elect will also have to give back to these capitals after they come to power.
Ohio, where Cleveland is located, was originally a swing state, but in recent years it has become a Republican stronghold, with the support of the Cleveland consortium playing a key role.
So now the Cleveland consortium only needs to make a phone call to the Department of Commerce and their demands will be met.
The Bald Eagle showed no mercy when dealing with South Korea. Not to mention Le Tian, even if Sanxing disobeyed, he would still do the same to him.
The Ministry of Commerce of Bald Eagle issued an announcement, imposing a 500% tariff on all food products of Le Tian Group from now on, restricting the use of Le Tian credit cards in Bald Eagle, and imposing comprehensive sanctions on Xin Xiangdong and his family members, freezing all their wealth in Bald Eagle.
As soon as this announcement was made, Xin Xiangdong fainted from anger on the spot.
Shareholders of other companies would try to find ways to help the major shareholder fight against the enemy, but the two major shareholders of Le Tian, Shuyin Group and Cleveland Consortium, helped the enemy deal with the major shareholder. Who the hell can you complain to?
Xin Xiangdong was in a coma, but someone had to do the job, so his son Xin Quanyou was pushed out by shareholders and executives to be the acting chairman to take charge of the situation.
With his father's tragic experience right before his eyes, Xin Quanyou dared not confront the Cleveland consortium head-on.
Yang Chen was hugging Chen Xi and watching a movie on the computer when Xin Quanyou called him.
Since Yang Chen's hands were busy on Chen Xi, the considerate Chen Xi quickly picked up the phone and put it to Yang Chen's ear.
Xin Quanyou introduced himself and then said directly: "Mr. Yang, I'm very sorry. I apologize to you on behalf of my father. We will immediately issue a statement to clarify the conflict between us. All the responsibility lies on our side. I hope Mr. Yang can forgive me."
Yang Chen smiled and asked, "Can you make the decision?"
Xin Quanyou immediately said: "I am now the acting chairman of Le Tian Group, I can make the decision!"
Yang Chen said, "Okay! Since you can make the decision, then I'll tell you. In addition to issuing an announcement to assume all responsibilities, your retail business will also be completely withdrawn from Dragon Country, and you will voluntarily compensate me and Sihai Group for the loss of reputation, totaling 10 billion Eagle Coins. These must be clearly stated in the announcement. If you meet my conditions, I will stop shorting Le Tian and the companies controlled by the Cleveland Consortium."
The reputation loss of 10 billion Eagle Coins is no different from robbery. Logically, no one would be able to accept such a high reputation loss fee.
but!
Compared with the lost market value, or even the lives of the two men, the 10 billion Eagle Coins are nothing.
If the wealth of the Cleveland Consortium fell, they would not dare to come to Longguo to assassinate Yang Chen easily, but they would 100% dare to kill Xin Xiangdong, or even his family.
Xin Quanyou quickly said, "I need to discuss the 10 billion Eagle Coin reputation loss compensation with everyone. Mr. Yang, please wait a moment. I will transfer it to you after I confirm it. Is that okay?"
Yang Chen smiled and said, "Okay! I'm not in a hurry, you guys can discuss it slowly."
Xin Quanyou quickly hung up the phone and ordered his secretary to notify the group's executives and major shareholders to hold a meeting.
At this time, Samheung Chairman Lee Jae-yong called Shin Quan-woo.
Li Zailong said directly: "Nephew, don't be afraid, let's join forces to deal with Yang Chen. If you need any help, just ask, I will do my best to help you."
Xin Quanyou immediately said: "The Cleveland Consortium forced us to surrender and admit defeat. Yang Chen asked us to withdraw from the Dragon Country market and compensate him for 10 billion Eagle Coins for reputation loss. I really don't know what to do now."
Li Zailong comforted him, "Don't worry, and don't be scared by the Cleveland Financial Group. This is South Korea. We are an important chaebol family. They dare not do anything to us. They are just trying to scare you. If something really happens to us, the government and the people will never let them go."
Xin Quanyou didn't say anything, and Li Zailong continued to encourage him: "Really, listen to your uncle, and your uncle will always stand on the same front with you."
Xin Quanyou sighed, then said, "Okay, I get it. Hang up then, I still have a meeting to attend."
Li Jae-long just wanted Le Tian Group to share Yang Chen's firepower. He was worried that Yang Chen would go all out to deal with San Xing, and he would not be able to withstand it. It would be easier to have Le Tian share the firepower.
However, Xin Quanyou is not a fool. He will not be fooled by a few words from Li Jae-long. This matter still needs to be decided by executives and shareholders, and he will not make a decision easily.
Soon the executives and shareholder representatives arrived. Xin Quanyou held a meeting and told everyone the conditions proposed by Yang Chen, hoping that everyone would express their opinions.
Executives and shareholders expressed their thoughts.
"We don't have the capital to bargain right now, so just give him whatever he wants. However, the money has to be paid by your Xin family, not the company's money."
"That's right! After all, it's your cousin who caused the trouble, so you should bear the responsibility. We can't use the company's money to clean up your mess."
"Don't waste any more time, otherwise the sanctions from the Bald Eagle will take effect. Solve the problem quickly so that the Cleveland Consortium can communicate with the Bald Eagle Commerce Department to revoke the sanctions."
……
Xin Quanyou was reluctant to take out 10 billion Eagle Coins to compensate Yang Chen. He decided to go to the hospital to see if his father could wake up. He decided to let his father decide what to do so that he would not have to take the blame.
This wait lasted a whole day. When the Bald Eagle stock market opened in the evening, the share prices of Republic Steel Group and Firestone Rubber Group both plummeted, one fell 8% and the other fell 10%. Compared to before Yang Chen shorted it, the share prices had fallen by more than 55%.
The members of the Cleveland consortium were furious, and Secretary-General John Mather called Xin Quanyou.
“Fuck! What on earth do you want to do? Why haven’t you resolved the grudge between you and Yang Chen?” John Mather roared.
Xin Quanyou quickly explained: "Yang Chen asked for 10 billion Eagle Coins in compensation. I don't dare to make the decision on such an important matter. Let's wait until my dad wakes up."
John Mather immediately said, “Fuck! Did you eat kimchi and ruin your brain? Do you know how much we will lose if you delay one more trading day? Those 10 billion Eagle Coins are nothing! You must agree to Yang Chen’s request immediately, and we will take 10 billion Eagle Coins from your frozen assets to compensate him! Don’t waste any more time, or I will kill you! Do you understand?”
Xin Quanyou was simply unable to cope with this situation, and John Mather's scolding left him so confused as to what to do.
After John Mather hung up the phone, he called Yang Chen again.
"Mr. Yang, I will take 10 billion Eagle Coins from the frozen Xin family wealth as compensation to you, and you will immediately stop shorting our company. Please, please." John Mather requested.
Yang Chen smiled and said, “That’s definitely not possible! What does it mean for you to transfer the money from their account to me? Am I going to steal their money with you? If he wants to give it to me, then give it to me. If he doesn’t want to give it to me, then forget it. Anyway, I don’t need that little bit of money.”
John Mather said quickly, "Please, Mr. Yang, please, really. Our wealth has dropped by more than half. If it continues to drop like this, we will lose our status in the Bald Eagle Country."
"That has nothing to do with me. Who asked you to invest in Le Tian Group?" Yang Chen said with a smile. John Mather immediately asked, "Then we will sell Le Tian's stocks immediately and draw a clear line with them. Don't embarrass us, okay?"
Yang Chen laughed loudly, and said, “What do you think? The purpose of shorting you is not to make money... Well, the main purpose is not to make money, the main purpose is to let you force Le Tian Group to surrender. It’s useless for you to sell Le Tian stocks, because your mission is not completed. It’s impossible for me to end shorting the two companies you control. I’m still holding on now. If they still don’t admit defeat, I will short the other companies you invested in tomorrow night, so that your wealth will continue to shrink.”
John Mather immediately said, "No, no, no, I will urge them to do as Mr. Yang said!"
"That's right! They delayed us for one day, so the compensation will be doubled. My personal reputation loss is 10 billion Eagle Coins, and Sihai Group's reputation loss is 10 billion Eagle Coins. If they continue to delay, the compensation will continue to double." Yang Chen said.
John Mather quickly said, "Understood! Understood! I'll contact them right away!"
Yang Chen really didn't want to waste time on Le Tian. He now just wanted to have a good fight with the Li family of Sanxing, so he had to put more pressure on the Cleveland Consortium and force the Le Tian Group to surrender quickly through them.
John Mather called Xin Quanyou again, and as soon as the call was connected, he scolded: "Don't waste any more time, Yang Chen is now asking for 20 billion Eagle Coins in compensation. He also said that if you delay for one more day, the compensation will be doubled! Fuck! Hurry up and do what he says, do you hear me?"
Xin Quanyou still didn't dare to take responsibility, and said: "I think my dad may wake up at any time. When he wakes up, he will make the decision."
"Fuck! You sons of a bitch, you forced me to do this!" John Mather roared and hung up the phone immediately.
John Mather called South Korea and ordered, "Hit Shin Quanyou with your car. Give him a warning, but don't kill him."
Late at night, Xin Quanyou came out of the hospital. He just walked to the side of the road and waited for the driver to come over when a military vehicle from the Bald Eagle family hit him. Fortunately, he reacted quickly enough and dodged it, otherwise he would have been hit to death here.
"Asi..." Xin Quanyou roared angrily, but when he saw a white bald eagle sticking its head out and smiling at him, he swallowed the words that were about to come out of his mouth.
The driver smiled and said, "Hey! Xin Quanyou, you must be obedient. This is a warning to you. If you don't obey again, you won't be so lucky next time. I think you should understand what I mean. Right? Haha..."
The driver laughed, sat back down, and drove away.
Xin Quanyou was frightened. He quickly got up and called his secretary.
"Come to the company immediately to work overtime. I have an announcement for you to write." Xin Quanyou said, his voice trembling a little.
Early the next morning, Le Tian Group issued an announcement.
The main contents are as follows:
First, the conflict between Le Tian Group and Si Hai Group was completely provoked by Park Sang Woo, President of Longguo District of Le Tian Group. Yang Chen and Si Hai Group are victims, and Park Sang Woo and Le Tian Group bear all responsibilities.
Second, the retail business of the Le Tian Group, including Le Tian Supermarket, Le Tian Department Store, etc., will all withdraw from Longguo.
Third, Park Sang-woo, president of the Longguo District of Le Tian Group, personally apologized to Yang Chen and Sihai Group on behalf of the group, and compensated Yang Chen personally with 10 billion Eagle Coins for reputation loss, and compensated Sihai Group with 10 billion Eagle Coins for reputation loss.
Once this announcement was issued, it quickly set off the South Korean internet again.
The Koreans haven’t recovered from SK Group’s surrender announcement yet, and now they are faced with another surrender announcement from Letian Group.
He has always been arrogant and looked down on the Koreans from Dragon Country, but now his glass heart is really shattered.
"Another one surrendered! Damn it, they are only good at bullying at home, and they kneel down so quickly when dealing with the Dragon people!"
“Is this still the high and mighty chaebol in our minds? Why can’t so many of them together defeat Yang Chen? What on earth does Yang Chen have more than us? Sigh… I don’t want to lose to the Dragon Country people, it’s so infuriating.”
"Sanxing is my only bottom line now. I hope Sanxing can hold on. I can't stand the outcome of a complete annihilation."
……
When Samheung Chairman Lee Jae-ryong saw the announcement from the Letian Group, he was so angry that he couldn't even eat breakfast.
“Damn it, I specifically told Xin Quanyou not to admit defeat, and I would do my best to help him deal with Yang Chen. He surrendered now, what a fucking waste!” Li Jaelong cursed angrily.
If Le Tian Group admits defeat, Yang Chen will be free to deal with San Xing with all his strength. Li Jae-long is very clear about this, so he is angry about Le Tian Group's kneeling.
However, things have come to this point, and he can't change anything. Next, he must prepare to fight Yang Chen in a one-on-one battle.
Soon, the announcement from Le Tian Group reached Long Country, and netizens in Long Country were very happy.
"Boss Yang finally won, and Le Tian Group lost miserably. Not only did they have to apologize, but they also had to pay 20 billion Eagle Coins and withdraw from the Dragon Country market. They worked hard for so many years, and it was all gone in an instant."
"Haha... Boss Yang is still awesome. He single-handedly manipulated the Korean chaebols. Now there is only one Sanxing left. We are just waiting for Sanxing to issue an announcement admitting defeat."
"Fuck, Le Tian really suffered a heavy loss this time. He lost the Dragon Country market, lost 20 billion Eagle Coins, and lost the stock price. But they deserved it. Who asked them to give the land to the Bald Eagles to station troops and deploy weapons?"
"Boss Yang is so relieved. This is a good opportunity to tell those foreign-funded enterprises not to eat Dragon Country's food while smashing Dragon Country's pot. If you serve the bald eagle as a dog, you must be prepared to be slaughtered at any time. I hope that our entrepreneurs can be as tough as Yang Chen, and never learn the comprador behavior of the Fantasy Group."
……
Yang Chen came to the office and saw the announcement from Le Tian Group.
Chen Xi praised: "Boss Yang, you are really amazing. You won again. Even the powerful Korean chaebols are no match for you."
Yang Chen smiled and said: “Around the world, the easiest countries to deal with are the Sakura Country and the Korean Country. If it’s difficult to deal with them directly, then we can deal with their Eagle Father. They can disobey me, or they can resist me to the end, but they must listen to their Eagle Father. First, finish the matter of the Le Tian Group, and then concentrate on competing with San Xing.”
As the two were chatting, Park Sang-woo, president of the Longguo region of Le Tian Group, arrived with his team.
Park Sang-woo now knew how powerful Yang Chen was. He didn't even dare to look into Yang Chen's eyes.
"Mr. Yang, I'm really sorry. It's all my fault. I express my most sincere apologies to you and Sihai Group. I hope Mr. Yang and Sihai Group can forgive me and Le Tian Group." Park Sang-woo said, bending down.
Yang Chen didn't say anything.
Park Sang Woo carefully raised his eyes and stole a glance at Yang Chen. When their eyes met, Park Sang Woo was so scared that he quickly lowered his head.
"I...I also want to apologize to the secretary. I was rude and pushed you down before. It was my fault. Please forgive me. I'm sorry!" Park Sang-woo said again.
Yang Chen said: “I definitely won’t forgive you, but just satisfy my request.”
Park Sang-woo quickly said, "I understand. I understand. Please give me your account number, Mr. Yang. I will contact the group right away to transfer the money to you."
Yang Chen gave his and Sihai Group's account to Park Sang-woo, who quickly sent the form to Xin Quanyou. Xin Quanyou did not dare to delay and immediately deposited 10 billion Eagle Coins into Yang Chen and Sihai Group's accounts.
Yang Chen received the notification of deposit and sent a message to Chen Chao.
"Achao, notify the five major banks, BlackRock, and Vanguard to immediately end their short positions in Le Tian Group."
Chen Chao quickly did as he was told and notified the traders of other partners to close their short positions in Le Tian Group.
As soon as Yang Chen completed closing his positions, the share price of Le Tian Group began to rise rapidly. The effect was immediate.
Xin Quanyou saw the share price of Le Tian Group rising, and couldn't help but sigh: "Yang Chen is a demon, he used magic to control the stock price. When he was shorting, no matter what he did, the stock price couldn't be pulled up. After he ended the shorting, the stock price immediately rebounded. I would rather offend God than offend Yang Chen, it's really terrible!"
(End of this chapter)
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