Chapter 34 The Chen Family Faces Bankruptcy
It was still working hours, and Huo Sinian had never been one to confuse public and private matters. He must have been looking for her for important matters.
Gu Nansheng quickly picked up the phone, and then heard Huo Sinian's voice on the other end, "The Chen family's investigation is out. You were right. The Chen family is indeed in serious trouble. Especially their financial statements for their IPO are a complete mess. They're really going all out to get listed."
Afterwards, Gu Nansheng received the file sent by Huo Sinian, and she immediately opened it and started reading.
Chen's business has developed quite well in recent years. Although it cannot be compared with large groups, it has grown to its current scale of over ten billion by manufacturing for large international companies. It is only one step away from going public.
However, Chen did not have any core technology, so the profit margin was not high. In order to attract more financing, Chen took the risk of financial fraud.
Moreover, in recent years, Chen has used every possible means to avoid taxes, including tax evasion.
After reading the document, Gu Nansheng couldn't help but sigh that Chen was truly a person of all evil.
Faced with such a company, she naturally would not be lenient and immediately reported it anonymously to the relevant departments.
Anyway, there are so many people reporting now, one more or one less won't make much, she can be considered as making a contribution to the country and saving the relevant departments time for investigation.
About a week later, on a weekday afternoon, the official media reported that the Chen Group was suspected of tax evasion and would be subject to corresponding penalties.
Affected by such a huge scandal, even if there was no financial fraud, Chen's listing plan was terminated.
Although many netizens had reported the issue before, most of them just used it as a way to vent their anger, and no one expected that the authorities would actually find the problem.
[I've never seen anything like this before. I actually saw the official hammering someone down.]
[He's so rich and still evades taxes. Only working people like us would pay our taxes honestly.]
[Hilarious! Did Chen Jiayan dare to market top socialites and Chen Taining market his own wealthy son, the socialites and sons who evaded taxes?]
[Companies like Chen's are garbage and should be boycotted. I've worked with Chen before, and their products and accessories were often inferior. After that one experience, I wouldn't dare work with them again.]
[Previously, celebrities who evaded taxes were banned, right? Although Chen Jiayan and Chen Taining, the siblings, didn't evade taxes themselves, the profits were theirs. They shouldn't be banned, but shouldn't they pay the price?]
[No matter who else, I will boycott Chen Jiayan and Chen Taining from now on.]
Of course, there are still stubborn fans and internet trolls who tried to whitewash Chen Jiayan and Chen Taining, but they were all refuted one by one by angry netizens.
[But Chen Jiayan and Chen Taining have nothing to do with the Chen family's tax evasion. Should they also bear the responsibility for the mistakes made by their parents?]
[This isn't ancient times, are we still going to have collective punishment?]
But doesn't the premise of not harming children also mean that not benefiting them? When they used the tax-evaded profits to market the wealthy siblings, neither of them claimed to have anything to do with the wealthy families.
While the Internet was bustling with activity, the Chen family was in a bleak state.
They tried to remove the trending search after the announcement was issued, but since the official took action, the major platforms naturally did not dare to go against it, so they could only watch the trending search position getting higher and higher and spreading more and more widely.
Chen's mother had originally made an appointment to go out and play cards with her friends in the afternoon, but the moment she left the house, she was yelled back by Chen's father.
Then she heard what happened from Chen's father and was stunned.
What? Their Chen family can’t go public anymore?
Although Chen's mother didn't care about the business, she knew what this meant to their Chen family, and she immediately burst into tears. For a while, the living room was filled with Chen's mother's intermittent crying.
Chen Jiayan sat on the sofa listening to her mother crying, feeling extremely annoyed.
Until now, she still hasn't thought about how things have developed step by step to this point. She just participated in a variety show, but not only did she become disliked by the Qin family, but also ruined Chen's plan to go public?
She has already joined Chen's company and is well aware that Chen's current capital chain is very tight, so she is waiting for the listing to save the company.
Now that the listing has failed, the Chen family is likely to face bankruptcy, not to mention that there are still so many taxes to pay.
But what she is most worried about now is Chen's father.
Father Chen's temper wasn't great, and if he'd just yelled and yelled, she'd be more relieved. But now he was just sitting on the sofa, silent, wondering what he was thinking.
Chen Jiayan's intuition told her that Father Chen was holding back something big. She was very nervous, wondering whether she should wait for Father Chen to speak or apologize on her own initiative.
Just as she was hesitating, she heard Father Chen sigh heavily, "Jia Yan, Tai Ning, you are grown up now. You should know that this is a matter of life and death for our Chen family."
Chen Jiayan's heart moved, and she immediately agreed, "Dad, I know, I will do my best to help the Chen family overcome the difficulties."
Although Chen Taining is often ignorant, he also knows that this is not the time for him to be willful. The Chen family must overcome the difficulties before he can continue to live the life of a rich young master.
"Dad, I've made tens of millions in the past few years. If you need anything, feel free to contact me. I'll work hard from now on."
Although he has lost many endorsements and announcements after this incident.
Although the brand will not directly announce the termination of the contract because he is not the direct person responsible, he learned from his agent that the brand will not renew the contract.
But he was not particularly anxious. As long as the Chen family did not fall, he would have the opportunity to continue to turn the tables.
Father Chen listened to the siblings' words, but his face showed no sign of relief. Instead, a ferocious expression appeared. "You are sensible now and know that Chen's is the most important. Then why didn't you use your brain when you were on the show before? You had nothing better to do than offend netizens and let them expose our Chen's? Don't you know that this is the most critical moment for our Chen's IPO? You are trying your best to overcome the difficulties. How can you overcome the difficulties?"
He yelled hysterically, sending chills down Chen Jiayan's spine. She argued, "Dad, no one knew it would turn out like this... Besides, didn't you agree to appear on the variety show?"
However, Father Chen continued to nag, "Oh, really? Now you're blaming me? How could I have known you were so capable of causing trouble? Who would participate in a variety show and have such consequences?"
Chen Jiayan said hurriedly, "Dad, that's not what I meant. It's just that it's useless to find out who is at fault now. We should find a way to solve the problem now."
Chen Taining was also frightened by his furious father. Although he had conflicts with Chen Jiayan before, he now hurriedly agreed, "Yes, Dad, let's calm down and think of a solution."
Mother Chen, who was standing by, was also frightened and stopped crying. After all, these were her two biological children, and she naturally couldn't bear to see them being scolded all the time. She also advised, "Old Chen, the children didn't do it on purpose. Let's sit down and have a good talk."
Probably because of the three people's repeated persuasion, Chen's father finally came out of his rage.
He sat down heavily on the sofa and looked at everyone. "Very good, it's a good idea you have. Now we all agree that saving the Chen family is the most important thing. In that case, the task I assigned to you later cannot be postponed."
Chen Jiayan had a bad feeling in her heart, but she nodded and said, "Dad, of course we will listen to you at this time."
The other two also nodded heavily.
Seeing this, Father Chen smiled and began to give orders.
He first said to Chen's mother, "Our family's cash flow is tight right now, so you shouldn't go out and play mahjong. Also, organize all your bags and jewelry and be ready to sell them to fill the hole."
After hearing this, Chen's mother opened her eyes wide in shock. Why did she have to sell her jewelry and bags? They wouldn't sell for much.
She was very unhappy in her heart, but she didn't dare to disobey her husband, so she could only nod and say, "I understand."
Then Father Chen looked at Chen Taining and said, "Xiaoning, since you've said so, transfer the money in your account to Dad first. Think of it as Dad lending it to you. When the crisis is over, Dad will pay you back double. Also, don't be busy with work during this period. Stay home and stay out of the spotlight. Don't cause any more trouble."
Chen Taining was not surprised by his father's request and nodded obediently.
Then, Father Chen looked at Chen Jiayan, his eyes full of scrutiny. After a moment of silence, he said to her, "Pack up the dresses in your room these few days and come with me to attend a few banquets to solicit investment."
This was a very ordinary sentence, but Chen Jiayan's uneasiness became more and more intense, as if she was being stared at by a poisonous snake.
However, she couldn't refuse, so she could only nod obediently as always, "Dad, I understand."
*
After reporting the incident, Gu Nansheng hadn't paid any special attention to the news about the Chen family. However, the Chen family's scandals were so lively that she could just watch all the news on the hot searches.
Then she also learned that Chen's listing had failed, and that it would be fined by the tax bureau and faced a broken capital chain. At this time, the head of Chen's was looking for new investors all over the world to save the company, and Chen Jiayan was following her father like a socialite.
Gu Nansheng has never been a generous person. He had told Huo Sinian a long time ago not to invest in Chen's company.
As one of the top wealthy families, naturally not many companies would openly oppose the Huo family and invest in Chen.
In addition, Qin is now in a difficult situation and is in a mess. It still holds a grudge about what happened before. Naturally, its related companies will not invest in Chen, which cuts off most of Chen's channels for obtaining financing.
What was unexpected was that the Chen family eventually found capital investment and avoided bankruptcy. Of course, the cost was not known to the outside world.
Gu Nansheng didn't know much about the business circle, but she had Huo Sinian to ask.
Huo Sinian sneered, but didn't say anything. He just said, "The Guo family that invested in them is not easy to deal with. They have only been slowly cleaning up their assets in recent years. And that Guo Chen..."
He seemed to remember something and stopped suddenly.
Gu Nansheng curiously asked, "What's wrong with Guo Chen? Can you please stop speaking half-heartedly?"
However, no matter how Gu Nansheng pressed the issue, Huo Sinian refused to speak again, leaving Gu Nansheng bewildered.
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