Ning Man'an opened the documents on the table, her voice revealing neither joy nor anger—
"Does Chairman Chen mean that Jialin Group's current predicament is entirely caused by external factors? And has nothing to do with your previous scandals involving suspected loan fraud and even involvement in a murder case?"
Chen Jingsong, with his obese body leaning slightly forward, wore a look of indignation and helplessness on his face.
"Of course! Those are all baseless accusations and frame-ups! My dear niece, think about it, how well has our Jialin Group developed in recent years? How impressive are our financial reports? If someone hadn't stabbed us in the back, how could things have suddenly turned out like this!"
Chen Jingsong pounded his thigh, looking heartbroken.
Ning Man'an coldly interrupted him: "Chairman Chen, these are problems you should solve. You founded Jialin from scratch. If you can't even handle this little storm, then you are not worthy of the title of boss."
Her gaze was sharp as a knife, piercing Chen Jingsong: "I only care about the huge amount of money Ning's has invested, and the future of the Huangpu Garden project."
"Jialin's stock price has plummeted, and it's already starting to affect Ning's reputation. I'm giving you time, but the market won't. If the project stalls because of your problems, I'll kick you out!"
Chen Jingsong was taken aback by her words, and the fat on his face twitched unnaturally.
"Don't worry, my dear niece! I already have a plan! Those short sellers just want to create panic and take the opportunity to buy up shares at low prices, right? We'll not let them have their way!"
Ning Man'an raised an eyebrow: "What countermeasure?"
He suppressed his displeasure and put on a confident expression.
"Isn't the first phase of Huangpu Garden nearing completion? In my opinion, why don't we launch it ahead of schedule!"
"In this way, we can quickly recover our funds and inject a strong boost into the market, proving that our project is fine and that Jialin Group is fine too! This is a great thing for both of us!"
Ningman paused for a moment as he flipped through the report.
Opening the market ahead of schedule was indeed a risky move.
However, if successful, it could indeed quickly recover funds, boost market confidence, and thereby stabilize the situation...
She looked at Chen Jingsong's narrowed eyes, which gleamed with shrewdness and calculation—
"Are you confident that opening early will be a huge success? Are you prepared in terms of advertising, pricing, and sales channels?"
Chen Jingsong immediately patted his chest and assured her, "My dear niece, don't worry! I've already arranged everything! I guarantee it will be sold out as soon as it opens!"
"At that time, not only will we be able to slap those losers in the face, but we'll also cause the stock prices of Ning's and Jialin to soar! It's a win-win situation!"
Ning Man'an pondered for a moment before finally speaking calmly: "Okay, I agree to open the market ahead of schedule. However, Chairman Chen, this is the last chance. If you cannot stabilize the situation this time, you will bear the consequences."
She paused, then added, "The progress of the second phase of the project must be accelerated; there can be no delays."
Chen Jingsong's face immediately lit up with a smile, and he nodded repeatedly: "Of course! Of course! My niece is wise! Let's go and make the preparations!"
As Chen Jingsong had "promised," Jialin Group made frequent moves in the days that followed.
First, they made a high-profile announcement that the first phase of Whampoa Garden would be launched ahead of schedule, followed by an overwhelming publicity campaign that swept across the entire Hong Kong government.
Newspapers, television, radio... advertisements for Huangpu Garden are everywhere.
On the opening day, the sales office was packed with people, and the scene was extremely lively.
The Hong Kong public's desire for quality properties and their trust in the Ning family brand led to the first phase of properties being snapped up in just a few days.
Huangpu Garden once again dominated the front pages of major newspapers, but this time, the headlines were filled with praise.
"A real estate phenomenon! Huangpu Garden sold out immediately upon opening!"
"Ning's Jialin joins forces to create new glories!"
The market's enthusiastic response was like a shot in the arm for the continuously declining stock market.
Jialin Group's stock price stopped falling and rebounded, and even Ning's stock rose accordingly, both showing a beautiful positive line, sweeping away the previous decline.
Chen Jingsong, brimming with confidence, struck while the iron was hot, once again showcasing his well-known "three-pronged attack"—
He held another high-profile press conference, speaking eloquently under the spotlight, portraying Jialin Group as a victim who was maliciously attacked but remained steadfast.
He tearfully denounced his competitors' despicable tactics, while confidently envisioning a bright future for Jialin Group and the Huangpu Garden project.
At the same time, he spared no expense in continuing to pour money into the stock market to prop it up.
He rallied various "experts" and "celebrity commentators" to endorse Jialin, and even spread rumors that he would sue the Independent Commission Against Corruption (ICAC) for "unreasonable investigation and damage to business reputation."
This series of moves, executed with great poise, certainly looked like a desperate attempt to protect the company's reputation and prove its innocence.
Retail investors are like韭菜 (leeks, a metaphor for easily exploited investors), they don't know what's real and what's fake, they chase highs and sell lows, and continue to buy Jialin, the "leading stock"!
Jialin's stock price immediately hit the daily limit again.
The atmosphere in Ningman's office seemed to have eased considerably as the stock price stabilized.
When Ah Xiang brought in the documents, his face was less serious than before.
Ning Man'an looked at the blue sky outside the window and let out a soft sigh.
Although Chen Jingsong acted rashly, he had been in the business world for many years and had some skills.
Perhaps, he really can resolve this crisis?
She picked up her coffee and took a small sip.
But... deep in my heart, that faint unease lingered.
Like the brief, eerie calm on the sea before a storm.
...
Perhaps it was Chen Jingsong's almost provocative arrogance that completely enraged the Independent Commission Against Corruption (ICAC).
Just as Jialin Group's stock was about to hit its third consecutive daily limit up thanks to Chen Jingsong's shrewd maneuvers, countless retail investors were celebrating wildly.
Without warning, the Independent Commission Against Corruption (ICAC) dropped a bombshell that could devastate the entire Hong Kong financial market!
That was not a simple report, but a detailed investigation document of nearly 10,000 pages, which, when piled up, could almost bury a person!
The report, in strong terms, accused Jialin Group and its affiliated companies of defrauding banks of huge sums of money over the past few years through various means, including fictitious transactions, forged documents, false asset reporting, and collusion with bank insiders.
The vast majority of these loans were not accompanied by sufficient collateral, nor were they secured by any effective guarantees!
This is no longer a simple violation of regulations, but a blatant financial fraud, and behind it lies a huge corruption scandal!
This sudden and unexpected shock stunned the entire market!
And this is just the beginning.
Almost simultaneously with the release of the Independent Commission Against Corruption's (ICAC) report by the Hong Kong government.
The Malaysian government, located across the strait, also reacted swiftly, intervening with an unprecedentedly strong stance.
They directly announced the establishment of an official special investigation committee to conduct a comprehensive and thorough investigation into the internal financial situation of RAB Bank Malaysia, especially its loan dealings with the Jalin Group!
What shocked the Hong Kong government and business community even more was that the newly established Malaysian inquiry committee immediately sent representatives to the Hong Kong government.
We have officially launched a collaborative investigation with the Independent Commission Against Corruption (ICAC) at the official level!
The swift action by the Independent Commission Against Corruption (ICAC) and Malaysian authorities has brought major banks that had previously worked closely with the Jalin Group and were even blinded by its "impressive" financial reports to a rude awakening, prompting them to launch urgent self-examinations.
You won't believe it until you check!
Soon, shocking results followed—
Internal investigations by multiple banks have revealed that the bank asset certificates previously provided by Jialin Group showed obvious signs of forgery!
Furthermore, multiple banks have confirmed that Jialin Group has repeatedly mortgaged the same batch of assets to different banks!
Panic spread rapidly, like a virus.
In order to protect themselves, major banks almost simultaneously began to freeze all suspicious accounts related to Jialin Group, sent the employees who were responsible for cooperating with Jialin to the Independent Commission Against Corruption (ICAC), and tightened their credit policies.
Immediately, rumors spread like wildfire in the market, with widespread doubts about Jialin Group's broken capital chain and insolvency.
The most direct reaction is always seen in the cold and cruel stock market.
Jialin's stock, which had barely managed to rise a few days ago thanks to Chen Jingsong's strong support and even hit the daily limit, is now beyond saving.
As soon as the market opened, it was like an avalanche, immediately hitting the daily limit down!
That catastrophic decline was like a middle-aged man who had exhausted all his strength and was extremely weak, collapsing like a torrent, unable to regain his former glory!
Other companies and groups that had business dealings with Jialin were also implicated in the investigation, causing their stock prices to fall!
As Jialin's largest partner, Ningjia was naturally affected, with its stock price plummeting for several days and its market value evaporating in a shocking manner.
For a time, a sense of panic permeated the entire Hong Kong government and business community, as if a storm was brewing.
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