The Great Sage Returns from Ten Years of Imprisonment

Inside the lounge.

As soon as he entered the lounge and saw Director Peng and Chairman Wang sitting on the sofa, Ling Yun immediately got to the point.

"In this operation, ZhongX Group needs to do the following things, which will help ZhongX Taifu stabilize its stock price without any problem, and make a fortune is not out of the question."

"The first thing is what I just mentioned: the establishment of a special committee to isolate the original finance team of X Taifu and review all 24 over-the-counter derivative contracts."

"This action can only be taken by the parent company, ZhongX Group, rather than ZhongX Taifu conducting its own investigation and rectification. It must be kept strictly confidential before the special committee is established."

Chairman Rong's expression changed, and his face visibly darkened.

He opened his mouth, ready to argue, but stopped himself at the last moment.

Unlike him, Chairman Wang and the current head of ZhongX Group exchanged a glance and nodded in unison.

They were very clear that this special committee could only be established by China X Group, and that China X Group should take the lead in investigating and handling this crisis.

It's simply unrealistic to expect ZhongX Taifu's finance team to conduct a self-examination and rectification.

That might not reveal any problems, delay the crisis management process, and lead to even greater trouble and losses.

Ling Yun seemed oblivious to Chairman Rong's dark expression and continued to explain with a smile.

"The second thing is that ZhongX Group should come up with a comprehensive rescue plan and release it publicly the night before ZhongX Taifu's stock resumes trading, to inject confidence into the market the following day."

"The bailout package mentioned here includes providing $15 billion to $20 billion to China Pacific as a standby credit facility, to show the outside world that China Pacific is not short of money."

"Then, through a private placement of shares, we will increase ZhongX Group's shareholding from the current 29.4% to over 55%, thereby gaining absolute control of ZhongX Taifu."

"Furthermore, it involves absorbing the majority of the risk exposure released by China Pacific Group, which is estimated to be around $10 billion, thus transferring tail risks to the parent company..."

Just as he finished speaking, Chairman Rong suddenly interrupted.

"If we conduct a private placement and give ZhongX Group absolute control of the company, does that mean I, as the chairman of the board, will have to retire?"

The moment those words were spoken, the room fell silent, and the temperature seemed to drop several degrees.

Chairman Wang and the others glanced at Chairman Rong, whose face was dark, then turned to look at Ling Yun, a playful smile flashing in their eyes.

Looking at Ling Yun again, he always had a smile on his face.

Chairman Rong's sudden dark expression seemed to have no effect on him, or perhaps he simply didn't care.

He looked at Chairman Rong with a deep and composed expression, and nodded slightly in acknowledgment.

"Please don't worry, Chairman Rong. If I remember correctly, you are already sixty-seven years old this year, well past the legal retirement age."

"Of course, I fully understand your good health, your boundless energy, and your desire to create new glories and lead ZhongX Taifu to even greater heights."

"But could we try a different approach, perhaps by continuing to contribute to the development of ZhongX Taifu in a capacity as chief advisor or honorary chairman?"

Chairman Rong was stunned for a moment, clearly not expecting Ling Yun to say that.

Mr. Wang and the others sitting to the side almost couldn't help but burst out laughing!

Chief Advisor or Honorary Chairman, how did this kid come up with that!

But you know what, for Chairman Rong now, this is indeed a very dignified way to exit!

Seeing that Chairman Rong didn't slam his fist on the table and get angry, Ling Yun secretly breathed a sigh of relief.

After a slight pause, he continued:

"It's true that ZhongX Taifu is a subsidiary of ZhongX Group, but without sufficient profit, why would ZhongX take such a huge risk to step in and save the day?"

"According to the relevant financial system and laws of Hong Kong Island, China Pacific Group is an independent listed company, and the parent company, China Pacific, cannot arbitrarily interfere with the independent operation of its subsidiary."

"In other words, if China wants to save China Taifu from its dire straits, it needs a suitable reason. It can't just give money directly; a targeted share issuance is the best way."

"Let's return to the crisis at ZhongX Taifu. One of the people directly responsible for this crisis is your niece, Ms. Rong. You know the details best, so I won't go into them."

"After this crisis, the State-owned Assets Supervision and Administration Commission, China X Group, and the Hong Kong Securities and Futures Commission will all conduct in-depth investigations, hold those responsible accountable, and impose disciplinary measures as appropriate."

"To put it bluntly, as the chairman of the board of directors of China Pacific Group, you must bear some responsibility. Under these circumstances, it's best to step down as soon as possible..."

He suddenly stopped talking at this point.

The rest of the words are not very pleasant to say, so it's best to let Chairman Rong think about it and understand it for himself!

The room fell silent again, and Chairman Rong fell silent!

Ling Yun's words hit the nail on the head, addressing the very thing he was most worried about.

If ZhongX Taifu were his family business, everything would be fine. Unfortunately, ZhongX Taifu is not only not a family business, but its controlling shareholder is the state-owned ZhongX Group!

Now, due to poor decision-making and incompetent investment, China Pacific Group has suffered huge losses of over 10 billion yuan. How can they expect China Pacific Group and the State-owned Assets Supervision and Administration Commission not to hold them accountable?

Unlike Chairman Rong's silence, Chairman Wang and the head of ZhongX Group exchanged a glance and secretly gave a thumbs up!

With Chairman Rong's immense influence and family background, this kid is really daring!

Or is it that he, who just secretly flew back to Hong Kong from Central America, represents the will of those above?

Upon thinking about this, Chairman Wang and the others immediately realized that this was indeed the case, and the more they thought about it, the more sense it made!

Ling Yun glanced around the room, not giving Chairman Rong much time to think.

Next, he listed several things that China X Group needed to do, how China X Pacific should cooperate, and how the Hong Kong financial market would react, etc.

After saying all this, he changed the subject again before Chairman Rong and the others could speak.

"Next, I'll talk about the external support. To put it simply, this external support is my funding and the investment team I lead."

"With the help of the Central Government Office, I secretly acquired a medium-sized financial investment company on Hong Kong Island. This investment company holds a total of seven financial licenses."

"These include the necessary licenses for futures trading, securities investment, and foreign exchange trading, especially the foreign exchange license, which is of paramount importance."

"I will use this financial investment company to secretly launch an operation to target those 13 international investment banks in the international financial market, with a focus on the Australian dollar."

"Through this financial investment company, I have sufficient confidence to earn enough profits in the international financial market, naturally including huge sums of Australian dollars!"

"Then, through the Bank of China's channels, a portion of the profits from the Australian dollar transactions will be legally and legitimately transferred to China Pacific Group to meet China Pacific Group's Australian dollar needs for acquiring iron ore mines in Western Australia."

"In this way, China Pacific will no longer need to borrow Australian dollars from any foreign financial institutions for payments, and will no longer have to be beholden to those foreigners."

"As for my investment team, it will be assembled within the next week, and then, carrying no less than one billion US dollars, it will secretly enter the international financial market."

"Wow! That's quite a generous gesture!"

Chairman Wang was the first to exclaim in surprise, and the others also looked dumbfounded.

Before the gasps could even subside, Ling Yun dropped another bombshell!