Chapter 291: The White-Clothed Funeral Guest_3
Afterwards, he was also able to counter-sue Tengying Group for framing and entrapment.
Once that cap was pressed down, it was useless for Chen Pingsheng to think about hiding in Xiangjiang.
Huang Zhongshi could only pray that it was true, "Old Jia, how about this, I don't want that 8% of shares anymore, just give me three billion in cash."
Jia Yueting casually glanced at him, knowing that Huang Zhongshi was once a business tycoon.
Now, he was still able to utter such nonsense, clearly being pushed too hard by Tengying Group.
He was already thinking about how to flee, would he still be able to swap a bit of cash with you?
Jia Yueting was internally a bit anxious, just not showing it on the surface.
Once the people above could no longer hold back, and really let the investigators come down.
Then his problem would really be big.
Many dominoes would fall, one after another.
LeEco was certainly a business myth in these years.
No matter how many media outlets Tengying Group mobilized to intercept him, he would always immediately bring in more experts to defend his company.
Like the famous economist Hu Xijin and others, who publicly advocated for him online.
Unfortunately, he could control these great experts.
But he couldn't influence the younger audience in short videos.
The one who really could affect public opinion on the internet was Chen Pingsheng, who owned Teng You Media and Xin Teng Live Streaming, two super influencer economy companies.
As public opinion grew louder and louder.
On January 15, 2017, the authorities finally launched a comprehensive investigation into LeEco's financial operations.
Accompanying the issuance of this document, LeEco's founder Jia Yueting left a public letter inside the group.
Simply stating he would return to the country next week.
The findings of the investigative department were absolutely shocking.
LeEco had been a Ponzi scheme from the start, and most of the capital had already been transferred overseas.
To say it was suffocating for a dream was definitely fooling idiots.
It was clearly shifting assets.
Following Jia Yueting's announcement of returning next week, countless suppliers appeared in front of LeEco's gates.
Among them were large enterprises dealing in TV screens and small businesses responsible for a single screw.
The grand collapse of the mythic building was a history of countless people's tears and blood.
It was still unknown how many listed companies would be dragged into the mire by Jia Yueting alone.
After a few days of investigation, LeEco's finances were found to be terrifying.
Just the debts on LeEco's TVs were over ten billion, not to mention mobile phones and sports, and more.
Adding all of these together, LeEco's total debt was shockingly nearly a hundred billion.
As the news broke out, the stock price of every company associated with LeEco Group tumbled.
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This was no longer describable as the collapse of a single company, but as an impending trust crisis in the entire stock market.
As glamorous as LeEco had been over the years, it was now just as disheveled.
The once 'suffocation for the dream' was merely wracking brains for the money in your pocket.
What made a scammer reach such a point was unclear to everyone.
But it was certain that every listed company associated with LeEco.
Would be trapped between the sea and the flames.
This was destined to be a life-and-death crisis, as the debt owed by LeEco was very likely uncollectible.
This was not a small amount, but nearly a hundred billion in debt.
Many of the listed companies that supplied him would be implicated.
The stock market inevitably entered a full-fledged ice age.
This had a much greater impact than Huayi, after all, Huang Zhongshi did not have so much debt.
The debt owed by Jia Yueting was ultimately paid by millions of scattered stock market investors, as well as half of the entertainment industry's stars.
And also LeEco's hundreds of product suppliers.
It even included a series of major figures in the capital market, it can be said that from the beginning Jia Yueting didn't have the capability to build cars.
Nor a genuine idea of producing a quality product.
He could only describe a few PPTs, this businessman, ranked alongside Lei Jun as a business myth,
Ultimately lived up to being a business "myth."
Only, his myth harbored the sad stories of too many ordinary people.
Huang Zhongshi simply gave up, thinking the person coming towards him was a white-robed hero there to relieve the suffering.
Unexpectedly, it turned out to be a white-robed Funeral Guest.
He was miserable enough, and yet Old Jia gave him a massive blow before leaving.
Huayi and LeEco had never had any collaboration.
Finally, there was a little connection, and all enterprises related to LeEco became poison in the stock market.
Taking along with it Huayi, already battered by Tengying Group, which became the biggest rat dropping in the mix.
In this critical moment, he even exchanged for 8% of LeEco's shares.
No matter what LeEco's stock price was, no one could cash out at this time.
Everybody was fleeing.
With not a cent of capital flowing in, who was there to cash them out?
A disaster, an epic-level disaster, descended upon everyone like this.