202: Chapter 202: What is Zhao Guang Doing?
202: Chapter 202: What is Zhao Guang Doing?
While Zhao Guang was studying Spell techniques, Guo Siyu had already fully launched the advance of Haimanjin.
During this period, Da Manjin, on the other hand, seemed to be regressing continuously due to the pressure it was facing.
“Brother Heng, it’s not good, Da Manjin’s stocks keep falling.” A young man hurried into a villa, looking very anxious, and the person sitting in front of him was Bai Heng.
Why are you so panicked?
It’s just a decrease in Da Manjin’s market value, which is a good thing.”
This was originally what Bai Heng intended to achieve, and now with the decrease in market value, they must be worried.
Any normal company would be, and anyone seeing such a situation would think of a solution right away.
But they ignored the fact that Zhao Guang did not care about this at all, and Guo Siyu did not want to be restrained by others.
As for explaining to the shareholders?
There’s no need to explain to those above; they surely know what’s going on.
The only one who needs to explain is Bai Heng.
But right now, Bai Heng needs to explain much more than they do.
“It’s not just a normal drop; Da Manjin has hit the limit down.”
Bai Heng was stunned, “So quickly?
That’s not right, do those people have that much power?”
Although he had fostered the result himself, it seemed to possess too much force.
During this period, Bai Heng had been collaborating with other jewelers, even partnering with Liu’s Jewelry, to suppress Da Manjin.
Liu’s Jewelry was a business owned by Bai Heng’s maternal grandfather, and his mother also held shares in it.
If Da Manjin had not been developing so rapidly, they would not have targeted it.
If they could swallow it whole, then Liu’s Jewelry could surely achieve better development.
That’s why, despite the pressure from above, he still persisted in this endeavor.
Liu Ying was his cousin, although not very impressive, he was the best performer among his generation in the Liu Family.
If there were capable younger family members in the Liu family, there would be no need for him to take action himself.
What they hadn’t anticipated was that they had just started to pressure Da Manjin, but instead of fighting back, Da Manjin retracted its reach.
It stopped its expansion and didn’t renovate its new stores.
This tactic of retracting their influence was one of the reasons they were so successful.
But what exactly was this tactic aiming for?
“No, Brother Heng, it’s not what you think.
Today, Da Manjin completely withdrew its top-quality goods.
Without these, the brand of Da Manjin no longer holds such high value.
Now, there are rumors that the people behind it have given up on Da Manjin.”
They pulled out the top-quality goods?
What’s going on, how could they dare to.”
As if such a shareholder no longer existed, they dared to pull down those signatures.
Truth be told, without those treasures, how could Da Manjin develop so quickly.
The jewelry industry works this way; as long as you have top-quality goods, that brand stands tall.
If they didn’t have these items, even those century-old shops would decline.
“I asked around, they said those items were not Da Manjin’s but Zhao Guang’s own.
Zhao Guang had been cooperating with Da Manjin privately, using Da Manjin’s channels to sell these items, so they were able to display them.”
Bai Heng’s expression changed.
If that was the case, then his actions were utterly futile.
Not only futile but he had also unwittingly alarmed those he should have avoided and offended someone truly powerful.
No wonder the higher-ups had warned him.
Having such a network, this person was certainly extraordinary.
But how could he resolve this issue?
If this situation continued, it could be fatal.
“Brother Heng, what should we do?
We’ve mortgaged many properties to buy Da Manjin’s stocks.
If this continues, the bank will press us to repay the loans.”
Indeed, they had purchased quite a few stocks covertly to take over Da Manjin.
The Liu family members had done the same, expecting to make a good profit.
They thought that a jewelry company could not possibly drop too precipitously.
This valuation was absolutely lower than what those treasures in their stores were worth.
But who could have anticipated that those items were privately owned by someone else?
Guo Siyu had not disclosed this information publicly, and Bai Heng, having recently joined, was completely unaware of these details.
The result of stepping into this was now he didn’t know how to resolve it.
Bai Heng waved his hand, “Don’t worry, I bought even more; if anyone should be worried, it should be me.
The issue now is Zhao Guang’s network.
If we can take over that channel, that will be the most profitable.”
Liu Ying also realized this.
Even if the stock crashed, he would only suffer a bigger loss.
This loss meant nothing to the family.
What was he worrying about?
If they could take over Zhao Guang’s channel, that would change everything; he would definitely be able to successfully inherit the family wealth.
At that point, none of his siblings could compete with him.
If it weren’t for this, Liu Ying wouldn’t have come to work under his cousin.
After all, they had grown up together.
Working under him, no matter what, was somewhat embarrassing for Liu Ying.
“So next, we are targeting Zhao Guang?”
Liu Ying, having calmed down, sat at the side and then popped a grape into his mouth.
Bai Heng nodded slightly, “Let’s observe for a bit.
Have someone check out what Zhao Guang has been up to lately.
As for the shares of Da Manjin, don’t worry.
Buy more to lower our purchase costs.
With those jades, it will rise eventually.”
“Got it, I’ll see to it right away.”
Liu Ying was about to get up when Bai Heng stopped him, “Leave such small tasks to others.
When facing big issues, you must keep your cool.
You can’t always be this flustered.”
Liu Ying nodded and then pulled out his cellphone.
He also wanted to be like his cousin but couldn’t change his personality.
Bai Heng shook his head.
His maternal grandfather’s family line was practically wasted, hoping the next generation would produce a talent.
Otherwise, he was really worried that the family would decline during their generation.
In the following days, they received various reports about what Zhao Guang was doing.
It was far too easy to gather intelligence.
Although they couldn’t enter Zhao Guang’s residence, scouting the perimeter or investigating certain matters was effortless.
Or rather, in this regard, Zhao Guang hadn’t even considered concealing his activities, nor could he.
Looking at the list of items in their hands, Bai Heng and Liu Ying were somewhat speechless.
Who would have thought that such a wealthy person could be a homebody?
And being a homebody was one thing, but why are his hobbies so peculiar?