In just about six months, Superconducting Technology was suspended from trading.
Although no official announcements have been made, those in the know understand that something big has happened.
Tianjin.
The superconducting science and technology park has been bustling with inspection teams like never before.
It's not a big deal if you don't check, but what you find is shocking.
A listed company with a market value of 4 billion has only a pitiful 200 million in cash on its books.
As for the remaining money, it all disappeared without a trace.
This is unreasonable. Even if there is a bubble, superconducting technology should be worth more than 2 billion yuan by now.
Upon investigation, the inspection team quickly discovered that 2 billion was missing and had been secretly transferred.
This is a major case, and the relevant personnel from Superconducting Technology were immediately detained for investigation.
Meanwhile, the shareholders behind the scenes were summoned for investigation.
To the astonishment of the inspection team, Superconducting Technology had only three shareholders behind the scenes.
Hu Zeqing, Yao Aiguo, and Su Guiquan.
The registered capital is 800 million yuan, of which Hu Zeqing owns 500 million yuan, Yao Aiguo 200 million yuan, and Su Guiquan 100 million yuan.
After a thorough investigation, the fact that Superconducting Technology was misrepresenting its business was naturally exposed.
After repeated confirmation by experts, the company's actual valuation is only 300 million.
This is still an overestimation; if it were based on Su Wu's valuation, it probably wouldn't even reach 200 million.
Su Wu felt it was a waste to spend even a single penny on this lousy company.
As the investigation deepened, the facts became increasingly shocking.
The fact that Superconducting Technology manipulated its stock price through self-dealing could not be concealed, and a large number of retail investors were fleeced.
That's not all; the real problem is that the boss ran off with the money.
Several days passed, and Hu Zeqing still hadn't shown up.
An investigation revealed that the man had fled abroad.
This immediately put the Hu family on the defensive, leaving them with no say whatsoever.
As the investigation unfolded, the truth about the PhD and Master's foreign trade scandal was revealed, involving hundreds of people.
The upper echelons were shaken, and with swift and decisive action, they were all wiped out.
The whole incident came quickly and went quickly, but the mess left behind still needs to be handled properly.
It's a fact that Hu Zeqing and Liu Gengshuo have absconded, and this matter won't be easy to resolve in the short term.
The Hu family inevitably benefited from this whole affair, suffering heavy losses as a result.
However, they were no pushovers either, and quite a few people were dragged out to take the fall and fill the hole.
Yao Aiguo is a prime example of the unlucky ones among them.
After paying off all his bank loans in Tianjin, he was fined hundreds of millions of yuan.
That's not all; he also has to hand over all of the 2 billion yuan loan he received from Liu Gengshuo.
But he didn't spend a single penny of the money; Hu Zeqing embezzled it all.
It's unclear what kind of agreement he reached with the Hu family, but in the end, he actually accepted everything.
As a result, he lost a total of 2.5 billion.
This was a significant blow to him, almost instantly cutting off his cash flow.
For any company, a broken cash flow is a huge problem.
But that's not the end of it.
The mess left by superconducting technology still needs to be cleaned up.
With Hu Zeqing absconding, Superconducting Technology has become a problem for him and Su Guiquan.
Completely bewildered, Su Guiquan rushed to Tianjin, unaware of what had happened.
"Mr. Yao, what exactly is going on? I'm getting a headache from all these questions."
"Old Su, don't you understand? Hu Zeqing ran away and took 2 billion yuan with him. We have to take the blame for this."
"What the hell? Why should I? I don't know anything about this!"
"Hmph, if you're so capable, go talk to the inspection team yourself. What good will it do?"
Faced with Su Guiquan's ignorance, Yao Aiguo was too lazy to explain further to him.
Now the higher-ups are demanding that they make up the deficit, or the company will be forcibly seized.
Only a fool would fill a hole of 2 billion.
Yao Aiguo said in a deep voice, "I have no way of taking over this lousy company. I admit defeat. You can do what you want."
"Give up? I invested 100 million, and it's all gone just like that?" Su Guiquan said, his expression agitated.
“What can you do if you don’t acknowledge it? Can you come up with 2 billion? Old Su, let me tell you, this is a mess. Whoever takes it on is doomed.” Yao Aiguo felt a sense of shared misfortune.
After his explanation, Su Guiquan finally understood the implications.
He gritted his teeth and said, "So Hu Zeqing is all right? Is there no law anymore?"
Upon hearing this, Yao Aiguo gave a bitter smile: "They've all run away, and they've taken the money with them. What else can we do? That's how it is."
There are some things he won't tell Su Guiquan.
The Hu family has made a guarantee to recover the money within two years.
However, this money is no longer their concern.
"Old Su, why don't you go and find your son? Maybe he can help." Yao Aiguo patted Su Guiquan on the shoulder, speaking with a hint of earnestness.
"Su Wu?" Su Guiquan was immediately stumped.
Yao Aiguo said in a deep voice, "We are already very lucky. It's just that the Hu family took the blame. Otherwise, you and I would both have been sent to jail."
"Then what use is it for me to find Su Wu?" Su Guiquan asked, puzzled.
"I heard that the higher-ups are interested in having Ruyang Technology take over the superconducting technology. Your son has connections, so maybe he can get you some benefits..."
Yao Aiguo revealed a mysterious smile.
Superconducting technology is completely doomed.
However, the entire incident was not reported, given its egregious nature.
However, some are happy while others are sad; some suffer misfortune while others profit.
Sihai Hotel
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