The Zhang and Li families are making good progress; they have both agreed to sign an agreement with Zhong Fa to rent out the materials in their warehouses. However, the Gu family is still somewhat hesitant.
Fortunately, with Gu Jingping's strong encouragement, Gu Zhendong finally relented.
Because Zhong Fa owned a large company in the Southern District, which they all knew, Zhong Fa moved all the materials from their warehouse without spending a penny.
The agreement stipulated that interest would be paid weekly, which they were relatively satisfied with.
However, Zhong Fa didn't care about the interest at all; how much interest was there anyway?
What he wants now is to drive down prices across the board. Over 3 billion yuan worth of goods, haha, he'll keep lowering prices and sell them. I estimate it won't be long before the entire East China Sea market collapses.
Sure enough, a week later, the prices of these steel and cement raw materials plummeted, and then, like a flood, they couldn't be stopped. Hu Ling had people arranging for the futures market to be driven down by money, and at the same time, she had the media spread news that huge iron ore and other resources had been discovered somewhere. Although this news was not proven, everyone believed it during the drop in raw material prices. They would tell themselves, if it wasn't a real discovery, how could the price drop be so fast? As a result, the entire building materials market plummeted like an avalanche.
Two weeks later, the prices of those building materials had reached their lowest point in ten years, and there was even a downward trend.
This situation has caused great distress to the Gu, Li, and Zhang families in the North District.
They were the biggest buyers of building materials. They thought the price drop was just because the Lijing Park project was halted and wouldn't fall too much, but unexpectedly, it hit rock bottom.
The materials they initially bought for over a billion yuan can now be bought again for only five hundred million yuan, effectively evaporating several hundred million yuan.
We really lost a lot of money.
The three companies all called Zhong Fa, saying they could sell him the goods they had previously rented at a lower price.
How could Zhong Fa possibly agree to that?
No matter how much the price is reduced, it won't be lower than the current market price. Only a fool would agree to that.
Zhong Fa's refusal was devastating for them, but the contract had already been signed, and the other party was indeed renting, not buying, so there was nothing they could do.
“Brother-in-law, if this continues, we’ll go bankrupt. The price has already reached its lowest point in ten years, and it might break that low tomorrow and continue to fall. Market sentiment is very bad right now, we need to think of a solution as soon as possible.”
"Do you think I don't know? But what can I do? Zhong Fa will never buy our goods. Our goods are in his hands now, and the expiration date hasn't passed yet, so we can't get them back. The goods I bought for over a billion yuan can now be bought for four or five hundred million yuan. If I had known it would be like this, I would have sold these goods at a low price back then, and things wouldn't have turned out this way."
They bought the materials, did nothing, and still lost hundreds of millions. This kind of loss is enough to make anyone want to vomit blood. Gu Zhendong has never suffered such a huge loss since taking over Gujia.
This almost gave him a heart attack.
He clutched his chest, took a deep breath, and then heard someone knocking on the door.
When he opened the door, he saw his eldest son, Gu Jingyan.
“Father, now you know I was right back then, right? I said the development of Lijing Park would stop, and I also said that Gu Jingping was not suitable to be the successor. The reason why this happened is entirely because he was ambitious, greedy for credit, and made all sorts of wrong decisions!”
Ye Jiawen chimed in from the side, “Brother-in-law, Jingyan is right. Jingping did make a mistake this time. You were against cooperating with Zhong Fa from the beginning, but he kept persuading you. Even the Lijing Park development project was initiated by him…”
"Alright, you don't need to say anymore. What's the point of saying all this now?"
Gu Zhendong clutched his chest; he was so exhausted he could hardly breathe.
"Dad, if you trust me, I have a way to minimize the company's losses!"
"What method?"
Gu Zhendong quickly asked.
"Exquisite Club!"
"What?"
Gu Zhendong frowned; "Why are you bringing this up now? Are you still dwelling on that kind of thing?"
Gu Zhendong was somewhat unhappy when Gu Jingyan mentioned Linglong Club.
“Dad, you’ve misunderstood me. I know very well that Linglong Club has a powerful background. I have a good relationship with Manager Chen there. If I step in and ask him for help, our company can escape this disaster!”
"You're too naive! So what if they have powerful connections? Can they influence the price of materials?"
"Perhaps they really can. The district chief's son is a regular at Linglong Club. I can ask them to introduce me. As long as the redevelopment date of Lijing Park is set, the market price will slowly rise."
"Are you sure about this...?"
Gu Zhendong asked.
Now the district head is refusing to see visitors, so even if they wanted to ask, they couldn't.
If we could actually hear some news through the district chief's son, that would be the best outcome.
Realizing this, Gu Zhendong quickly said, "Jingyan, then you should go now!"
"Dad, I can go, but if I succeed in doing this, you need to agree to one condition."
"Hmm! What are the conditions?"
Gu Jingyan took a deep breath.
"If I succeed in this, then you can give me the position of general manager, and I will inherit this company in the future!"
Gu Zhendong hesitated.
She glanced at Gu Jingyan's legs.
"Jing Yan... let's talk about this later, okay?"
He still disliked his son for being disabled and was reluctant to hand over the company to Gu Jingyan.
Gu Jingyan keenly caught Gu Zhendong's gaze, and although the subconscious disdain flashed by, it deeply wounded Gu Jingyan's heart.
He felt his heart was bleeding, just because of his legs? Just because of his legs?
He had kindly come over to advise his father to be wary of the traps in Lijing Park, but... haha, it seems no one ever cares about his feelings.
Perhaps Chen Zhe is right; I am a coward.
I should have realized it sooner.
Gu Jingyan suppressed the anger and sorrow in his heart. Since his father treated him this way, there was nothing left to hold on to. Destroy it all!
“I can give up the status of heir, but I hope you can transfer the shares that belong to my mother back to me.”
"this……"
Gu Zhendong hesitated for a moment, but considering that Gu Jingyan was his son, it was fine to transfer the shares to him, since he would have to share them with him in the future anyway, which was equivalent to giving them to him in advance.
"Okay, if you can get this done, I promise!"
...
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