Chapter 1900 - The Li Corporation Is Gone!
Chapter 1900: The Li Corporation Is Gone!
News regarding Wen Xinya being the boss of Lanxin Company still appeared incessantly in the media and online. After the initial shock passed, everyone’s views towards this became mostly reflective.
Hence, everyone started digging deeper into Lanxin Company.
Lanxin Company was set up not long after Wen Xinya returned to the Wen Family and first appeared as Lanxin Investment Corporation. Previously, the retrial of the money laundering case involving the financial genius, Ouyang Feng, was defended by the top lawyer, Cheng Ziyi, and was once the talk of the town. Just like this, Lanxin Investment Company presented itself to everyone and had since developed to a world-renowned investment company with assets worth tens of billions of yuan.
After that, Lanxin Company launched the Traditional Chinese Medicine skincare which took the entire upper-class society of Capital City by storm. Their products then expanded to Traditional Chinese Medicine health supplements. At the same time, Lanxin Company also made achievements in the property field.
Based on the analysis of financial experts, there wasn’t any trace of the Wen Family’s presence throughout the entire development of Lanxin Company. Hence, it could be determined that Lanxin Company was singlehandedly set up and developed by Wen Xinya and its current scale had nothing to do with the Wen Family.
Of course, there were also people who were doubtful about this.
However, people mostly believed it was true.
“Li Corporation is indeed financially strong. Despite suffering from the pressure and attacks by both the Wen Corporation and Lanxin Company, its stocks are still declining stably and have only fallen by 45%.”
Ouyang Feng had been following the Li Corporation’s stocks, had the trend of their stocks at his fingertips, and could analyze its financial capabilities based on that alone.
Wen Xinya wasn’t surprised at this but only asked mildly, “How much of the Li Corporation’s shares do we currently hold?”
Previously, when the Li Corporation’s stocks were plunging, she had asked Ouyang Feng to secretly purchase them. After they had gathered 25% shares, in order to avoid being detected by the Li Corporation, they had stopped there. After that, they had further purchased more.
Ouyang Feng said, “We already have 30% shares.”
30% shares were enough to turn the entire Li Corporation upside down.
Wen Xinya instructed mildly. “While the Li Corporation still has funds, cash out all of their stocks on hand.”
Cashing out all of their stocks was sufficient to make the current stocks of the Li Corporation crash totally. Because, under immense pressure, the Li Corporation already didn’t have the capability to fully take over the stocks.
Cashing out all of their stocks was equivalent to emptying the entire Li Corporation’s investment in the stock market.
The Li Corporation, which already had an unstable foundation, after the crashing of its stocks, would first face a huge financial drain, followed by the toppling of the entire Li Corporation.
Ouyang Feng said smugly, “We’ve bought the Li Corporation’s shares for merely twenty-odd yuan a lot, and although the Li Corporation’s shares have fallen to 55 yuan, we’ll still make a huge profit of more than double the price.”
Wen Xinya nodded profoundly.
This tactic was giving them a taste of their own medicine.
Except that, compared to Xia Ruya, Ouyang Feng’s methods were even more brilliant.
—
The Wen Corporation and Lanxin Company’s cooperation caused double pressure to the Li Corporation, and she had already tried her best to stabilize their stocks to defend against the attacks by both companies. However, Xia Ruya had never expected that, within a night, the Li Corporation’s stocks were sold in huge quantities to be cashed out, causing its stock price to plummet and crash.
Most terrifyingly, the Li Corporation was already weak in its foundation and would first face a huge financial drain following the crashing of its stocks, since it already didn’t have enough assets to buy over the stocks.
Chu Jingnan had a solemn expression. “There can only be one reason for the sudden crashing of our stocks, and that’s because unbeknownst to us, Wen Xinya bought huge amounts of the Li Corporation’s shares and cashed all of them out when the shares were plummeting.”
This was Wen Xinya’s trump card.
The Li Corporation had used the Wen Corporation as a stepping stone to achieve greater heights and had a weak foundation. Previously, when their stocks were rising, he already felt something amiss and suspected that someone was manipulating it in the dark. However, after sending people to investigate, nothing seemed off, so he gradually eased his suspicion, thinking that it was due to the Li Corporation being at the peak of its fame.
However, the stock movements had undoubtedly confirmed his guess.
The Li Corporation’s shares had once reached more than 120 yuan per lot. After that, suffering from the attacks and pressure from both the Wen Corporation and Lanxin Company, although the Li Corporation tried its best to stabilize its plummeting stocks, due to its stocks being seriously overvalued, it had suffered great losses.
Now, such an act of Wen Xinya directly caused a huge strain on the Li Corporation’s finances.
Xia Ruya’s eyes darkened as she felt light-headed and the pain in her lower abdomen came crashing at her like huge waves, almost making her fall to the ground. “I actually didn’t know that Wen Xinya had such a scheme in the dark…”
Thinking about how Wen Xinya was Lanxin Company’s boss and the company’s investment company, Xia Ruya’s body went weak and she instantly broke out in a cold sweat.
Thinking about the huge financial drain that the Li Corporation would face, she felt cold all over.
“It’s over for the Li Corporation.”
At this point, Chu Jingnan also didn’t know how to turn the tide. He was thinking that since the Li Corporation was about to collapse, he had to speed up the process of him taking over the entire Xiao Corporation and get the 29% shares held by the Xiao Family over so that he could fully control the entire Xiao Corporation.
“I’ve lost. I actually lost to Wen Xinya… Hahahaha…” Xia Ruya laughed hysterically. Her voice was sharp, empty, numb, eerie, and with an unbelievable decadence.
She had lost to Wen Xinya.
She had fought with Wen Xinya for more than ten years and it was the first time that she had lost so thoroughly, to the point that she had nothing left.
She totally couldn’t believe that everything was true.
Xia Ruya’s hysteria irked Chu Jingnan. “Calm down. We…”
Xia Ruya’s sharp voice interrupted him. “Calm down? How do you expect me to calm down? The Li Corporation is gone—there’s no way we can sustain the huge financial loss. The Li Corporation will very quickly go bankrupt. The Li Corporation belongs to me—I’ve painstakingly developed it to its current scale. Without the Li Corporation, I’ll lose everything. Wen Xinya won’t let me off…”
The pain in her lower abdomen eroded her sense of pain incessantly. With this huge pain came headache, nausea, an aching back, and all sorts of other symptoms.
“You…” Chu Jingnan wanted to persuade her.
Nausea from her gastric spread to her throat and Xia Ruya dashed to the washroom and started throwing up.
Seeing this, Chu Jingnan hurriedly followed her and saw Xia Ruya sprawled over the sink, vomiting violently. The stench of vomit filled the entire washroom.