The richest man started taking advantage of loopholes after joining Alibaba.
Chapter 241 Yesterday you ignored me, today you can't afford to be near Weiguang!
Wednesday, 9:30 a.m.
Just as Lynch predicted.
The moment the A-share market opened, Huaying Entertainment's K-line chart didn't even struggle for a second before drawing a straight horizontal line.
It hit the daily limit down.
26.82 yuan.
It fell below the 28 yuan pledge warning line and is approaching the 24 yuan liquidation line.
"It's over."
Wang Zhonglei sat on the carpet in his office, surrounded by a mess.
The documents, the ashtray, and the priceless antique vase were all shattered.
His hair turned half white overnight, and his eye sockets became sunken.
"Mr. Wang..." The secretary pushed open the door and came in, her eyes red and swollen. "The credit managers from ICBC and CCB just came here with the court's asset preservation ruling... saying they want to freeze the company's accounts."
"Seizure?"
Wang Zhonglei gave a bitter laugh, his voice like a broken bellows, "They treated me to dinner the day before yesterday, begging me to take out a loan... and today they're going to freeze my accounts?"
"And..." the secretary hesitated for a moment, "those investors who signed the performance-based agreement are now in the lobby downstairs, holding banners demanding their money back, and the security guards are about to be overwhelmed."
The wall fell and everyone pushed.
Wang Zhonglei, supporting himself on the table leg, stood up shakily.
He doesn't want to die.
He still has cards in his hand.
Although Huaying's stock price has collapsed, it still has so many copyrights, cinema chains, and artist management contracts... As long as there is cash flow! As long as a life-saving sum of money comes in to plug the hole of the pledge, it can still turn things around!
Who has money?
In today's Chinese entertainment industry, who still holds a large amount of cash?
A name flashed through his mind like lightning.
A faint light.
That glimmer of light that he mocked as a "toothless tiger" a few days ago and forced to retreat completely.
"Get the car ready!"
Wang Zhonglei, as if grasping at a last straw, roared, "To the Weiguang Building! Quickly!"
"Mr. Wang, the driver... the driver has resigned."
"I'll drive it myself!"
Wang Zhonglei grabbed his car keys and staggered out the door.
……
In late autumn in Beijing, the wind is biting cold.
The lobby on the first floor of the Weiguang Building was well-heated, and the air was filled with a faint aroma of coffee.
Programmers wearing plaid shirts and name tags swiped their cards to enter and exit in twos and threes, discussing code and the new dishes in the cafeteria.
This is the heart of the new world, full of vitality and order.
Until that man barged in.
"I need to see Lin Che! Let me in!"
Wang Zhonglei rushed to the turnstile, but the top-of-the-line security system indifferently blocked him.
The red indicator light flashes and emits a "beep beep" rejection sound.
He used to come here through the VIP channel, where he was greeted by a special person.
But today, he was just an unbooked visitor.
"Sir, please show your visitor code."
Two young security guards came over and stopped him.
Their eyes were unfamiliar; they didn't recognize that the disheveled, wrinkled middle-aged man in front of them was the once-powerful entertainment tycoon.
"I am Wang Zhonglei! Chairman of Huaying Entertainment!"
Wang Zhonglei shouted at the top of his lungs, his voice echoing in the hall, drawing the attention of the surrounding employees.
"I need to see your CEO Lin! I'm his...friend! I have a multi-billion dollar business deal to discuss with him!"
The security guards exchanged a glance, their faces remaining expressionless.
"Sorry, you cannot enter without an appointment. You can register at the front desk."
"Register? You want me to register?"
Wang Zhonglei laughed in anger, a laugh that looked more like a grimace.
There was a time when Lin Che had to ask someone to arrange a time for him to see him.
Now, a mere security guard is actually asking him to register at the front desk?
"Get out of my way! I have an urgent matter!"
Wang Zhonglei lost his temper and tried to force his way through the turnstile.
"Sir! Please have some self-respect!"
The security guard immediately took action, grabbing his arm with a grappling technique and pinning him firmly against the stainless steel turnstile.
"Let me go! I'm a billionaire CEO! How dare you touch me?"
Wang Zhonglei struggled desperately, his face pressed against the cold metal, squeezed and deformed.
More and more onlookers gathered around.
Someone recognized him.
"Wow, isn't that Old Wang from Huaying Film Studio?"
"Is it really him? What's wrong with him looking like this?"
"Tsk tsk, he was bragging on TV just a couple of days ago, and now he's causing trouble at our company?"
"Is this what they call a stray dog?"
Those whispers pierced Wang Zhonglei's ears like needles.
The shame was more devastating to him than the pain.
……
The top floor of the Weiguang Building.
Lin Che was standing on the glass walkway connecting the two towers, holding a cup of freshly ground Blue Mountain coffee in his hand.
This is the best vantage point to overlook the entire hall.
Through the bulletproof glass beneath my feet, I could see everything that was happening below.
It's like watching a group of ants fight.
"Brother Che, he's causing a scene downstairs." Xie Yu stood behind him, his tone tinged with a hint of pity, but mostly with satisfaction. "Should we have the receptionist send him away?"
"To get rid of?"
Lin Che took a sip of coffee, the bitter taste exploding on his tongue, making him even more awake.
Why bother trying to get rid of them?
"Let him make a scene."
Lin Che looked down at the figure pressed against the turnstile like a maggot.
That once high and mighty "big shot," who held the power of life and death over countless celebrities and even tried to teach him a lesson through capital, now appears so insignificant and so pathetic.
This is the transfer of power.
Cruel, direct, and devoid of any warmth.
"I'm reminded of a saying."
Lin Che said softly.
Yesterday you ignored me, today you can't afford to associate with me.
Xie Yu laughed: "Brother Che, that's a bit cheesy."
"Is it vulgar? Reality is often even more vulgar than that." Lin Che turned around, leaning against the railing. "I know very well what he's here for; he's here to sell himself."
"Shall we buy it?"
"Buy it, why not buy it?"
Lin Che's eyes instantly sharpened, revealing the gleam of a merchant eyeing his prized prey.
"But he's not here to be a partner; he's here to be sold as 'scrap'."
"If he had just lowered his head three days ago, I might have spared his underwear, but now..."
Lin Che glanced at his watch.
"Have the legal department prepare the contract."
Tell Wang Zhonglei that I can see him, but only for five minutes.
"Moreover, the price is 90% of the original price."
……
Ten minutes later.
Conference Room 1.
Wang Zhonglei finally met Lin Che.
He straightened his crooked tie, trying to regain some dignity as chairman, but the fear in his bloodshot eyes was impossible to hide.
Lin Che sat at the end of the long table, backlit.
I couldn't see their expressions clearly, but I could feel a suffocating sense of oppression.
"President Lin... Brother Lin."
Wang Zhonglei forced a smile that looked more like a grimace, his voice hoarse, "This time... I'm really done for, brother, please help me out."
"As long as Weiguang is willing to invest 2 billion... no, 1.5 billion! to help me redeem my pledged shares, Huaying will belong to Weiguang from now on! I can sign an exclusive agreement, and all the film library and all the artists will belong to Weiguang!"
He eagerly threw out his chips, like a gambler who had lost everything at the gambling table.
Lin Che didn't speak.
She just watched him quietly.
That look in his eyes was like looking at an animal that had been dead for a long time.
A long time passed.
Lin Che held up one finger.
"One-fold discount."
Wang Zhonglei was stunned: "What?"
"I said, one-tenth of the original price."
Lin Che's voice was as cold as ice. "All of Huaying's assets, including its copyright library, cinema chains, and artist contracts, will be acquired as a package. The price will be 10% of last month's market value."
"impossible!"
Wang Zhonglei screamed and jumped to his feet. "You're robbing me! The value of that film library alone is more than that! You're taking advantage of my misfortune!"
"Let me correct that."
Lin Che remained seated, leaning slightly forward with his hands crossed on the table.
"This is not a robbery."
"This is for collecting corpses."
"Mr. Wang, it seems you haven't grasped the situation yet." Lin Che pointed out the window, "Right now, apart from Weiguang, no bank in all of China dares to lend you money, and no institution dares to take over your business."
"Your stocks will be liquidated when the market opens tomorrow. Not only will you not get a penny back, but you will also be burdened with huge debts, and you may even end up working as a sewing machine operator because you misappropriated funds."
"Sell the company to me, and at least you can use the money to pay off your debts and save some money for retirement to spend the rest of your life abroad."
"This is my final act of mercy towards you."
Every word was like a heavy hammer blow, slamming into Wang Zhonglei's chest.
He didn't want to admit it.
But he knew that Lin Che was telling the truth.
He was forced to the edge of a cliff, and Lin Che was the only one holding the rope.
But he had to trade all his possessions for this rope.
"Lin Che..."
Wang Zhonglei slumped into his chair, the light in his eyes completely extinguished.
He looked at the man who was twenty years younger than him.
At one time, he thought he was just a lucky nouveau riche.
Now he realized that this was a wolf in sheep's clothing.
A colossal abyss beast that devours people without spitting out the bones.
"I...sign."
The moment he uttered that word, Wang Zhonglei seemed to age ten years.
He lost.
We lost completely.
He not only lost his wealth, but also the old era that belonged to him.
Lin Che pressed the call button on the table.
"Take General Manager Wang to the Legal Department."
Two bodyguards in black came in, grabbed the distraught Wang Zhonglei, and dragged him out like a dead dog.
The moment the door closed.
Faintly, Wang Zhonglei's broken cries could be heard from inside the hall.
That was the final lament of a person abandoned by the times.
Lin Che stood up and walked to the French windows.
Sunlight pierced through the clouds, shining on the glass curtain wall of the Weiguang Building and refracting a dazzling light.
The light was so intense that it was impossible to look directly at it.
"Xie Yu".
Lin Che, with his back to the door, said calmly.
"Get ready to take over."
"Whether it's good or bad, rotten or stinky, we'll take it all in."
"I will build a new Rome on the ruins."
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