What worries Meng Linping the most now is how to deal with the Tingshui project, and those who have already pre-sold their properties are going to make trouble again.
Even if the price of this project is cut in half now, I guess no one would want to buy it. This piece of land used to be a hot commodity, but now it is a pile of dog shit and everyone wants to stay away from it.
Logically speaking, after the house transaction is successfully completed, there will be nothing to worry about for both parties.
But people always get excited when the house price goes up after they buy it, and they blame the developer if the price drops sharply.
But the problem in this matter is a little different. No one expected that the city's development focus would shift. Those who were well-informed before were dumbfounded and could only vent their anger on Meng's Real Estate.
As expected, just as Meng Linping expected, many people have already started making trouble in the Tingshui area.
This incident, combined with the Qinghua Residential Area incident, caused some of the lower-level partners, as soon as they saw that something was not right, to lead their teams on strike to demand payment.
These few things combined sent the name of Meng's Real Estate rocketing to the top of the hot search list.
"Meng's Real Estate is such a scam. They've made false claims and promised to deliver on time, but now my family has nowhere to live and they haven't even given us an explanation. They're such a profiteer."
"Three generations of us have worked hard, and the elderly have saved their entire lives, but now the house has lost more than half its value, and all the money they worked so hard for is gone. I wish I could just hang myself at the door, ashamed to face my elders."
"Our team boss can't even pay our salaries. Meng's Real Estate is a ruthless company. They don't pay us for work. I have elderly people at home who need medical care and two children who need money for school. It's really unbearable."
…
Many people followed suit and cursed Meng Real Estate, saying it was a dishonest businessman and was not a human being. As a result, almost all of Meng's companies were boycotted.
At the same time, the share price of Meng's Real Estate fell rapidly, and many shareholders abandoned their holdings. Even some small shareholders of the company sold their shares, causing the share price of Meng's Real Estate to fall again and again.
Meng Linping could only watch with grief, and had to deal with the bank's collection of debts, and ignored the rumors on the Internet.
The Meng family is now using all their money to deal with the Tingshui project because the bank is also urging them to pay.
This means that Meng's Real Estate now has no liquidity and no income, and can only pay out of its own pocket to withstand the pressure from the bank.
However, Meng Linping could not sustain the business for long by selling his own properties. These days, Meng Linping locked himself in the room, with only the sound of phone calls.
Lu Deyun came and provided some funds to the Meng family, but it was just a drop in the bucket. Meng Linping was so worried that he couldn't even eat.
Xia Feng naturally noticed it, and she went upstairs to invite her father down for dinner. Meng Linping's face also looked a little better, not as gloomy as at the beginning.
Meng Jiangzhou could only secretly hate himself for falling into someone else's trap and making his father suffer as well.
Lu Li looked at the expressions of the people around her and asked carefully.
"Dad, is the company okay now? It's not really bankrupt like what they say online."
Tan Wenzhen secretly pulled her and told her not to talk nonsense.
"Don't worry, even if your company goes bankrupt, Meng's Real Estate will not go bankrupt." Xia Feng rarely spoke to her.
"What should we do with the company's high debt? The bank has been urging us to pay it back. I think the people who came to our door today were from the bank." Lu Li continued to ask without any expression.
Xia Feng looked up at her.
"Since you don't have the ability to solve it, then just shut up and be as annoying as a fly."
Xia Feng looked at Lu Li coldly, causing Lu Li to shrink her neck involuntarily. She was becoming more and more afraid of Xia Feng.
Finally, Xia Feng looked at the expressions of Meng Jiangzhou and the other two before speaking slowly.
"I'll take out 1 billion and deal with the bank first. I'm sure Dad will be able to easily resolve it later."
Lu Li's eyes widened immediately.
"Ten... one billion? How come you are so rich?"
Then it dawned on him, "You sold Luo's shares."
Meng Jiangzhou also looked at Xia Feng in disbelief, and after hearing Lu Li's words, he lowered his head with some guilt.
Xia Feng did not explain further about this.
Tan Wenzhen also breathed a sigh of relief, as long as she could get through this difficult time.
At work, Xia Feng saw that Meng's stock price was still going down, and a large number of stocks were being sold. At the same time, some accounts were slowly buying in. Compared with the selling, the buying volume was not noticeable.
Xia Feng then made a phone call.
Soon, the shareholders' meeting was held, and Xia Feng and Meng Jiangzhou accompanied Meng Linping. This time, Meng Jiangzhou's face did not show any joy, but only seriousness.
This time, no one greeted Meng Linping except Lu Deyun. Everyone else gathered around Qiang Junda, looking like a star-studded crowd.
Just as everyone was preparing for the meeting, the door opened again and Luo Qianze appeared in the conference room, dressed in a suit, looking noble and dignified.
Meng Jiangzhou looked at this scene in disbelief.
Then Qiang Junda took the lead and walked to Luo Qianze, leading the way for him with a smile.
"Let me introduce you, this is Mr. Luo Qianze, a young talent with no rivals in the business world.
He is now a member of our board of directors.”
The crowd, led by Qiang Junda, naturally applauded and welcomed them.
Luo Qianze looked at Meng Linping with a smile, "Hello, Mr. Meng, I look forward to your guidance in the future."
Meng Jiangzhou pointed at Qiang Junda and said, "You two are colluding with each other. You even dared to invite a wolf into the house. Do you know that the Meng family has fallen into the current situation because of him?"
Qiang Junda explained it clearly without Luo Qianze saying anything.
"Mr. Meng, please understand that the current situation of Meng Real Estate is due to you and your father's poor decision-making. What does it have to do with anyone else?"
Meng Jiangzhou wanted to point at their noses and curse them, but Meng Linping stopped him.
This chapter is not finished yet, please click on the next page to continue reading the exciting content!
Continue read on readnovelmtl.com