Chapter 1075 Declaring Bankruptcy
Fabian agreed to give William twenty-four hours, but Xiao Peng did not agree to give him twenty-four hours. So the next morning, the news that Xiao Peng's company went bankrupt and was undergoing bankruptcy liquidation shocked the world.
The "Salvage King" company went bankrupt? Is this an international joke? Everyone knows that Xiao Peng just salvaged the "Queen's Bride Gift" and found "Drake's Treasure." While the Portuguese cargo ship is relatively "less valuable" by comparison, its market value is estimated to be between 70 and 150 million euros!
Even if the salvaged porcelain is cheaper, the Middle Eastern silver and bronze artifacts inside are definitely worth a fortune—how wealthy are the Middle Eastern oil tycoons? For other ocean exploration companies, finding a shipwreck like this would be enough for a lifetime! But for Xiao Peng, such a ship can only be considered "lower value."
As a result, Xiao Peng’s company declared bankruptcy?
Xiao Peng's reasoning was quite reasonable: Ocean Exploration's operating costs were too high, and the salvaged goods had not yet been processed. The company had no cash on hand to sustain operations, so it went bankrupt!
When the news came out, the anti-rich trolls started to go wild:
"What billionaire? It's not that glamorous. He's bankrupt too!"
"Looking at how awesome he is, I knew this would be his fate!"
"He deserves what happens to him."
"He won't be able to stay in this line of work for long. Look at how much he's become. How many countries are suing him? It's a shame for our country to have such a person! It affects our country's international image!"
Of course, their remarks can only become a joke.
"Who said he's affecting our country's international image? Dude, you don't have knees, do you? It's natural for foreigners to work in this industry, but for us to work in this industry, it affects our country's image? What a hypocrite!"
"You're still criticizing him? I suggest you read more!"
"It's his company that's bankrupt, not him! He's still a billionaire! He's still one of the richest men!"
"You guys don't even understand this and yet you're making fun of him? With your IQ, they wouldn't want you if you were employed in an electronics factory!"
"How much valuable stuff does he have in his hands? And yet there are still people who laugh at him for being bankrupt! Ignorance is bliss!"
"Xiao Peng just doesn't want to play anymore! I have to say Xiao Peng has a conscience. He didn't sell the company to anyone but declared bankruptcy directly. This means he won't cheat people out of their money! If he sold the company, he could get a lot of money, right?"
"What does their company have? Aren't they just two ships? I just checked the ship registry website, and they've already applied to change the ship's nationality and ownership, from the company name to an individual's."
"What's the difference?"
"That's a huge difference. Previously, if a boat was registered under a company name, taxes could be paid under the company name, and various tax avoidance methods could be used. Look at all those wealthy people in China who own private jets and yachts. Which one isn't registered under a company name? If Xiao Peng registered it under his own name, the tax he would have to pay every year would be eight figures! But this amount of tax is just a drop in the bucket for him!"
"Damn, is this still 'drizzle'? Let this 'drizzle' get on me."
"Hey, we haven't heard from him in almost a year, and he's back with a bang!"
"Am I the only one who's curious as to why he did this?"
"Tired of playing at sea?"
"What do you know? This must be related to the lawsuits he's been facing with several countries lately!"
"The truth above is revealed. Those foreigners' eating habits are too ugly!"
"Just come back! Are there not enough sunken ships in our territorial waters? Let's salvage another 'South China Sea No. 1'!"
"What 'Nanhai No. 1' he salvaged? Don't you know? He salvaged a Portuguese cargo ship, and that ship's value is almost the same as the 'Nanhai No. 1'. But they didn't even care about it!"
"He can't come back. He can't engage in this industry within our country's territorial waters. All the gains must be handed over to the state!"
"Can we place the base in the country and then salvage it on the high seas?"
"That's one way, but the cost is a bit high. The key is to see what choice he makes."
"Wait and see!"
Countless people are paying attention to Xiao Peng, wanting to see what he is up to.
William was also anxious at this time. He hurried to Villa Eichenhorst. However, he found out that Xiao Peng was not at home. Only Fabian and Pascal were there to greet him. Fabian told him that Xiao Peng had gone out to play early in the morning and they didn't know where he had gone.
William asked Fabian very depressedly: Didn’t you tell Xiao Peng to give him 24 hours?
As a result, Fabian became even more depressed: Xiao Peng doesn’t listen to me?
Then Fabian told William something that made him even more depressed: Xiao Peng was going to put the Eikenhorst Villa up for sale!
William was stunned. He gave Eikenhorst Villa to Xiao Peng hoping to keep him in the Netherlands, but Xiao Peng actually wanted to sell it? Do you know how many members of the Dutch royal family have lived here?
This wasn't the most shocking thing for William. The National Cultural Heritage Administration, under the Daxia Ministry of Culture, announced the official opening of the "Xiao Pavilion," a large museum built in partnership with private collectors. Invested in and built by Xiao Peng, the museum, with the National Cultural Heritage Administration responsible for its ongoing maintenance and operation, showcases precious cultural relics from around the world. The first museum to open, Hall 1, showcases treasures from the French royal family.
These artifacts represent the wealth plundered from France by German King William I after he was crowned king at Versailles following his victory in the Franco-Prussian War. They were later salvaged from the seabed by Xiao Peng for his personal collection. They have now been brought back to China and displayed in the Xiao Museum for the public to admire. Also on display is the wealth of the British pirate Derek.
The news caused an uproar, especially among the British and French people who were outraged: This is our country's cultural relic and you should return it to us!
But the officials of both countries chose to remain silent this time: The British Museum and the Louvre are filled with Chinese cultural relics! How could they have the nerve to ask for them? They could only consult Xiao Peng privately to resolve this matter!
The Germans, the British, the French, the Dutch... are all looking for Xiao Peng. But finding Xiao Peng here is so difficult! This is the "freest" Netherlands, with few surveillance cameras in the entire country. Where can we find Xiao Peng?
William was almost going crazy. He now began to understand the helplessness of Fabian and the others: it was really frustrating to encounter a partner who would disappear for no reason!
So where did Xiao Peng go? Actually, he wasn't going anywhere, he was just in The Hague! He was driving around in The Hague. "Brother Chen, don't worry about me. I know what's going on. How can you not allow someone to fight back when you're bullied? You bully me when I'm not around? Give them some face! Let's see who gets the worst!"
Continue read on readnovelmtl.com