Chapter 279: Starlight Faces Bankruptcy
Translator: 549690339
Xia Liangdong looked up to see Xia Yangyang.
His face suddenly changed, then forced out a smile, “Yangyang, why did you suddenly come back.”
Xia Yangyang walked in without beating about the bush, “I just ran into Weiwei at Gu Qichen’s office, Weiwei borrowed five million from Gu Qichen, what’s going on?”
Xia Liangdong’s face changed again, “This child, she really went to him, I’ve told her countless times not to bother Ah Chen, this is our own family matter.” Xia Yangyang was anxious, “What exactly happened?”
Xia Liangdong sighed, “Before, I invested in several projects, all turned out to be losses, now Starlight is short of funds, and the contracts of several top-tier artists have just expired, they do not want to renew with Starlight, so…” “Why didn’t you tell me about this?”
“What’s the use of telling you, we didn’t tell Weiwei either, this girl probably eavesdropped on the conversation between me and Aunt Liu, and then went to borrow money from Gu Qichen, but what can five million do, she is really a silly girl.”
Xia Yangyang frowned, “How much funding shortfall are you facing?”
Xia Liangdong was silent for a while, then said, “Two hundred million.”
Xia Yangyang was shocked, “How could it be so much?”
Xia Liangdong’s face was grave, “Yangyang, you have no idea about the current situation. The entertainment industry is not what it was ten years ago, resources from the time have occupied half of the entertainment industry, other emerging media have also begun to rise, plus the current trend of studio systems, those big names who have made a name for themselves have started their own studios. I originally thought that Starlight couldn’t keep up with the times, so I planned to exit this circle, invest the money in other areas, hoping for huge profits, even if Starlight is not prosperous in the future, it would still leave a substantial estate for you and Weiwei, but I didn’t expect, all those investments went down the drain, now the price of Starlight’s stocks is falling, and the bank can’t lend anymore, if this continues, Starlight might face bankruptcy.”
At the end of his words, Xia Liangdong lit a cigarette, took a troubled puff.
Xia Yangyang didn’t pay attention to matters in the commercial field, but she didn’t expect things to have reached such a dire state.
Xia Yangyang didn’t know what to say for a while.
A funding gap of two hundred million, and this two hundred million is only a temporary fill to the gap, how to develop in the future, still remains unknown.
This might be a gigantic gaping hole.
Xia Liangdong said, “Anyway, you don’t have to worry about it, I and Aunt Liu will handle it, you can just pretend you don’t know.”
That’s what he said, but now that Xia Yangyang knew about it, how could she pretend not to.
At dinner, Xia Weiwei smugly took out the check and handed it to Xia Liangdong in front of Xia Yangyang, “Dad, this is from my brother-in-law, he’s so straightforward, half a word wasn’t said about the five million, but my sister, she hindered and stalled, I don’t know what she intended.”
Xia Yangyang said, “I just think, even if the Xia family goes bankrupt, we’re not at the point of begging others for money, if you did borrow money, you should leave a promissory note, a written promise, that’s the proper way.”
“Xia Yangyang, what gives you the right to criticise me, I’m only looking out for the family business, you’ve married into a wealthy family now, you think you’re above everything, do you know that even a penny is very important to our family now.”
Xia Weiwei spoke grandiosely, “Besides, I borrowed the money, I owe the debt, what does that have to do with you, Xia Yangyang, if you don’t want to help, fine, but are you saying I can’t even find a way to solve the problem?”