Chapter 139 - Chapter 139: Looks Like The Tao Family Is Really Going Against Me
Chapter 139: Looks Like The Tao Family Is Really Going Against Me
Translator:
After dinner, Mrs. Xiao and Xiao Yeyu urged them to stay and enjoy in the evening entertainment activities.
But Lu Zhi made an excuse that he had to deal with some business and insisted on leaving.
The mother and daughter had no choice but to let them go and even walked them to their car.
When they went back into the Xiao residence, Mrs. Xiao was a little upset. She thought that her daughter would be able to steal Lu Zhi from Jiang Yining, but she saw that Lu Zhi cared very much for Jiang Yining and they were very close.
it would be very difficult for Yeyu to come between those two.
Actually, it was not that important for her daughter to marry Lu Zhi.
The most important thing was to expand their network.
Now that Yeyu was already friends with Jiang Yining, did she need to worry that she wouldn’t meet other noble young masters from the upper class?
As long as Yeyu could catch one of them, she would be able to marry up, and the entire Xiao family would prosper with her.
Mrs. Xiao always liked to have backup plans. “Ah Yu, I think you should pay more attention to other noble young masters.”‘
Xiao Yeyu wouldn’t give up on Lu Zhi just like that. ‘Mom, why did you suddenly say that?1′
“It’s for your own good. Lu Zhi has an unruly personality and doesn’t take anyone seriously. You’re in over your head trying to get him to like you.” Mrs. Xiao advised, “Ah Yu, a woman s youth is fleeting. Wouldn’t it be a waste if you get nothing after you spent so much time on him?”
“But I only like him.”
Xiao Yeyu adored and admired Lu Zhi.
She was the ideal man in her heart, even if she had to be his mistress.
She was happy to be his mistress!
Besides, in her opinion, other young masters were far inferior to Lu Zhi.
With his capability and ambition, he would leave the other wealthy families in A-City far behind sooner or later.
Even if she was just his mistress, other wives would still respect her and try to curry favor with her.
“Sweetie, why won’t you take my advice? Mommy won’t harm you.”
Mrs. Xiao wanted to say more, bur Xiao Yeyu covered her ears and said perfunctorily, “Mom, I’m going back to my room. It’s been a long day.”
She then turned and left.
Mrs. Xiao sighed.
Her daughter had grown up, and she could no longer tell her what to do.
She only hoped that everything would go smoothly…
The next day, Jiang Yining slept until the sun was high in the sky before she got up lazily.
Ye Xiaoxi sent her a video and told her that they had to complete some homework online.
After she downloaded the video, she washed up and went to the kitchen downstairs. She got herself a small bowl of ice cream and was about to go back to her room to eat it when she saw Qi Feng and Ah Man rush upstairs with stern expressions.
Jiang Yining noticed that they were heading in the direction of the study.
She was curious and followed them.
But when she arrived outside the study, she noticed that the door had been locked from the inside. She bit her ice-cream spoon and got even more curious.
Lu Zhi seldom locked the door to his study.
At most, the door would be closed.
What serious thing happened this time and made them so nervous?
Jiang Yining had ways to hear what they were saying inside. But none of these methods could be used because they involve bugging the room or hacking into the network in Lu Zhi’s study.
It would be too much of an invasion of privacy…
Forgetit.
Since they didn’t want her to know, they probably didn’t need her.
Jiang Yining went back to her room to do her homework.
In the study, Ah Man and Qi Feng turned on their laptops and reported the latest to Lu Zhi.
“Sir, the Tao family has already acquired nearly 9% of Phantom’s shares.” Qi Feng continued, “The holdings of the other major shareholders are currently unknown.”
“I called every shareholder and asked them about their holdings. About seven of them have clearly stated that they would not sell their shares to the Tao family. The remaining three were a little vague.. If the Tao family buys up these three shareholders’ shares, they would own just 10% fewer shares than Lu Corporation,” Ah Man added.
Phantom was a film and television company that Lu Corporation acquired. It had a market value of 50 billion yuan and had been growing steadily making considerable profits.
Lu Corporation’s plan was to repackage Phantom into a subsidiary so that they would have a larger share in the film and television industry.
Unexpectedly, a huge scandal broke out about Phantom’s CEO, Mu Bai, yesterday.
He spent the entire night at a bar and was photographed by paparazzi making out with a male actor.
They went to a hotel at 3 a.m.
The media reported wantonly that Mu Bai cheated on his fiancee, was gay in private, and was a person of extremely bad character.
After that, shareholders of Phantom lost confidence and began dumping Phantom shares.
in just a few hours, Phantom’s share price had dropped by five percent.
The Tao family took advantage of the situation and openly purchased Phantom’s shares from the market. They also secretly urged a few major shareholders to sell their shares to them at a high price.
Lu Zhi knocked on the table and sneered. “Looks like the Tao family is really going against me.”
But it all depended on whether they had the ability!
Qi Feng and Ah Man didn’t dare to speak.
The air in the study became dense, almost suffocating.
Lu Zhi was silent for a moment before he asked, “How many shares do we own now?”
“39%.’’
The shares the Tao family bought in the open market and the shares from the three directors would add up to about 27 or 28%.
If one more major shareholder defected, Lu Corporation would lose control of Phantom.
“Okay,” Lu Zhi said. “Ah Man, invite Director Liao over. 1 would like to speak with him.”
“Yes.” Ah Man turned and walked out the door.
Lu Zhi then looked at Qi Feng and said, “Take 10% of the shares we own and sell it anonymously in the market with a limit order ten times the market price.”
“Sir!”
Qi Feng was puzzled.
If they lost this 10% to the Tao family, they would effectively hand Phantom over to them!
Did the young master not remember how much effort they put into acquiring Phantom back then?
How could he just give it to the Tao family?
“When 1 tell you to do something, just do it. Don’t ask.” Lu Zhi guessed what Qi Feng was about to say and ordered in a low voice without any explanation.
Qi Feng froze for a few seconds before he suppressed the confusion in his heart and left the study.
About two hours later, Ah Man brought Liao Changqing into the study.
Lu Zhi closed the door and started discussing with Liao Changqing.
No one knew what they discussed.
As for Qi Feng, as soon as he put in an anonymous sell limit order, the media amplified the negative news and said that shareholders of Lu Corporation had given up on Phantom and had started to secretly dump their shares.
The retail investors’ confidence shook, and everyone started to dump Phantom shares.
They wanted to get out even if they lost one-third of their money.
Meanwhile, the Tao family continued to buy all the shares available in the market.
In just a few hours, they had acquired another 7 or 8%.
Elder Tao’s assistant reported the latest status, “Sir, we’ve spent nearly 35 billion yuan.”
The most recent buy orders were all done at high prices.
Most retail investors didn’t know how to haggle, but some cunning old antiques knew how to jack up the price.
A stock that was worth 120 yuan was suddenly going for 1200 yuan!
If they continued to buy any available share in the open market, they would end up spending twice the amount of money to successfully acquire Phantom.
Elder Tao knew what his assistant meant. He said in a deep voice, “It’s too late to stop now. We can only bite the bullet and fight this battle. I want that rascal Lu Zhi to bow his head and apologize to me. Let’s see if the old dog is more cutthroat or the new dog.”
Elder Tao didn’t want to go against the Lu family, but he had already said that he would. If he didn’t do anything, people would look down on the Tao family.
He took the opportunity to acquire Phantom and to teach Lu Zhi a lesson.
He would force Lu Zhi to bow down to him and then use that as a reason to reconcile with the Lu family..