Chapter 787: Chapter 505: Paying the Price

As the incident continues to ferment, today’s Ugly Group is undergoing unprecedented pressure.

Although they reacted quickly, and their efficient legal team kept trying to control the situation, as soon as they reported a user, more people would immediately join the team attacking them.

Moreover, Liu Guangxin and Qi Yun also invested heavily, making it incredibly difficult to stop them.

With the news that the U.S. Department of Justice formally announced an investigation spreading back to the country, Ugly Group’s stock price began to plummet dramatically on the Hong Kong stock market.

Panic spread like a virus, and within just one day, the decline exceeded 10%, evaporating over ten billion in market value.

Zhang Xing sat in the office, listening to one piece of bad news after another, his face grim.

Outside the headquarters, more and more people gathered, with reporters carrying long guns and short cannons, web celebrities live streaming on mobile phones, and the noisy sound made him irritable.

"I’ve found out!"

Rong Jun pushed the door open and walked in quickly, saying angrily, "The people behind the scenes are Liu Guangxin and that Qi Yun!"

"This is revenge!"

Zhang Xing suddenly turned his head, his bloodshot eyes fixed on Rong Jun, the rage in his gaze almost bursting out.

"Ha, alright." This cold laugh was almost squeezed out of his throat.

He had suspected it before because the news about the failure of the Guanghui plan had been sent back two days ago, and now it’s completely confirmed.

Rong Jun loosened his collar and said anxiously, "What do we do now? Their people are still spreading rumors online..."

"Do you not know whether they are rumors yourself?!" Zhang Xing’s roar interrupted him, "If it wasn’t for your stupid actions, would they have found the opportunity to attack?"

The air in the office seemed to freeze instantly.

Rong Jun shuddered at the roar, the remaining words stuck in his throat, his face turning pale and blue alternately.

Zhang Xing’s chest heaved violently as he took several deep breaths to suppress his anger.

He knew that even if he tore Rong Jun to pieces now, it would not help.

After a while, he walked to the floor-to-ceiling window, faced away from Rong Jun, and said, "The only way now is for you to step up and take the blame. Let your financial company end it, and don’t involve the head office."

Rong Jun was struck by lightning, suddenly looking up, finding it hard to believe as he stared at Zhang Xing’s back: "President Zhang! I... I did it for the company! That money..."

"For the company?"

Zhang Xing suddenly turned around, with undisguised disgust on his face, "For the company, you laundered money to a fraud group in Cambodia? For the company, you dug a pit deep enough to bury everyone in the company?!"

He took a few steps back to the desk, placing his hands on the surface, staring at Rong Jun.

"Now isn’t the time for you to haggle with me. Step up, separate cleanly from the company, and I’ll find a way to help you arrange things, at most, cooperating with the investigation; otherwise..."

Pausing, he lowered his voice, speaking sinisterly, "When things continue to worsen, you know what the consequences will be."

Upon hearing this, Rong Jun’s face lost all color, feeling a chill on his back.

He never thought that this would be the other side’s solution.

Old friends, yet they chose to cut ties with him immediately...

After standing there dumbfounded for a long time, Rong Jun’s voice suddenly became calm, no longer arguing or pleading.

"Understood, President Zhang."

After saying this, he just gave Zhang Xing’s cold and determined back a deep look, then turned around, opened the door, and walked out.

Zhang Xing sat back in his chair, rubbed his temples, then picked up the phone on the table, hesitated for a long time, and finally dialed a number.

"Hello, President Liu? It’s Zhang Xing."

Elsewhere, in the office at Guanghui Group headquarters.

Liu Guangxin, hearing the name Zhang Xing, didn’t feel too surprised. He glanced at Qi Yun, who was sitting across from him sipping tea, pressed the speakerphone, and then asked expressionlessly, "Does President Zhang need something from me?"

"President Liu, let’s not beat around the bush, this time, it’s your win."

Liu Guangxin remained unfazed: "I don’t understand what President Zhang is saying."

"Ha." Zhang Xing on the other end of the line chuckled, with a tone of self-mockery, "Regarding Guanghui and New Source Power, I admit defeat. Whatever happened with Rong Jun, is his fault alone, it has nothing to do with Ugly Group’s headquarters. On this, I will give a clear explanation to all parties."

These words were tantamount to him admitting defeat, hoping Liu Guangxin would stop here.

Liu Guangxin looked at Qi Yun, seeing that he made no expression, he also chuckled lightly and said, "I still don’t understand what President Zhang is saying; I’m not interested in your company’s internal affairs either."

On the other end of the phone, there was a few seconds of silence. Zhang Xing clenched his phone, his face ashen. Liu Guangxin’s attitude was clear; he was unwilling to let it end here.

He didn’t say anything more and directly hung up the phone.

Liu Guangxin listened to the "beep beep" sound coming from the receiver, put down the phone, and said to Qi Yun with a smile, "Ha, he’s desperate."

Qi Yun set down his teacup, stretched lazily: "Uncle Liu, how much did we earn today?"

Hearing this, Liu Guangxin’s smile broadened, with a sense of exhilarating satisfaction.

He picked up another tablet beside him, which was specifically used for checking financial information, quickly swiping a few times: "So far, their stock has dropped by 12%. We invested 7 billion, and the profit is about 800 million."

Making 800 million in one day, and that’s without leverage.

Qi Yun was secretly amazed, thinking how quick money came from stock trading.

"I’ve already asked the people on Hong Kong Island to begin closing the positions gradually, and at the latest, it will all be settled before the market closes tomorrow."