Chapter 91 The Rise of the Xue Family



Huo Yunchao took the document; it was heavy, containing a huge spreadsheet listing the names, addresses, phone numbers, and specialty dishes (or desserts and coffee) of the businesses. To complete such a massive amount of work in such a short time, Li Xing's meticulousness and hard work were truly commendable.

"Send me a copy of the electronic version, and you can just follow the steps. Fireball will be online in a month. Health is the foundation of everything."

Li Xing nodded dismissively.

Even though the boss says that, doesn't he also come to the company to work overtime? If the boss is working overtime, the employees have no choice but to do the same.

Huo Yunchao went to his office.

On the computer's main screen, he opened a file.

"During the most prosperous period of the Xue family, Xue Jingnian (Xue Qiandai's father) began to get involved in real estate and finance, and further expanded his business through acquisitions in the following years."

In 2004, Xue Jingnian invested 200 million yuan to acquire a company listed on the Shenzhen Stock Exchange, renaming it Xuerun. Three years after the acquisition, Xuerun, with a high price-to-earnings ratio of 48 and nearly 10 billion yuan in convertible notes, acquired 70% of the assets of Xueshi Clothing City and more than 100 chain stores. With this, Xuerun successfully entered the capital market, causing a stir in the A-share market.

The boost from the capital market propelled Xue Jingnian to the pinnacle of his life, and at the same time, it was the boost from capital that opened another door in Xue Jingnian's life.

In 2009, Xue Jingnian was criminally detained on charges including illegal business operations, insider trading, and bribery. In 2000, Xue Jingnian was sentenced to 20 years in prison, fined 1 billion yuan, and had 500 million yuan of his assets confiscated for the aforementioned crimes.

The Xuejia Building collapsed.

In a video file, Xue Jingnian claimed that he did not understand these capital-related matters and that they were handled by professional organizations.

Who is directing this behind the scenes?

Huo Yunchao then opened another scanned photo, which was yellowed with age. It was a group photo taken after an entrepreneurs' summit.

Xue Jingnian is in the center position, with Hua Yin to his right, who was originally his driver. Xue Jingnian trusts him greatly and has painstakingly cultivated him, causing Hua Yin's position to rise rapidly. However, due to Xue Jingnian's suspicious nature, Hua Yin's position is not stable, experiencing several ups and downs. Later, when Hua Yin went out on his own, Xue Jingnian provided him with significant financial support.

Hua Yin, also known as Hua Se's father.

Other people are also in the photo, such as Jin Jiang, the founder of the Jin Group, and Gao Ruhai, a director of Huading Fund. They are Jin Heng's father and Gao Qiang's father, respectively.

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