After divorce, I can hear the voice of the future

Chapter 758 The Dutiful Son

"You didn't leave me a single thing?"

When Zheng Qilong saw his father's will, he was completely bewitched: "I don't believe it, it's fake."

Although his name is on the will, it's only a minimum allowance from the family trust fund, amounting to several hundred thousand per month, and he can only start receiving it monthly after he gets married.

Cheng Ka-chun authorized all of the Cheng family's shares in Chow Tai Fook and New World to the Chow Tai Fook Family Trust.

The manager of this fund is his elder brother, Zheng Qiming. Although he didn't give it to him directly, he indirectly authorized him.

Xu Jiayin noticed that Lu Liang seemed very interested and explained in a low voice, "This is how it is handled when there are many sons. Although it adds an extra step, it ensures that the family will not fall apart after the older generation passes away."

"It's just treating the symptoms, not the root cause; it's only superficial harmony." Lu Liang pondered. This approach wouldn't break them up in the short term, but in the long run, they might even fight to the point where the brothers couldn't stay together.

After all, forced relationships are never sweet, and Zheng Jiachun's will is a forced combination of all these relationships, regardless of whether they are sweet or not, or whether they are willing or not.

"Personal feelings are insignificant when it comes to the collective interests of the family." Old Xu smiled, neither agreeing nor disagreeing, clearly indicating that he also acted in this way.

When the scribe, notary, and relevant agency are present to verify the authenticity of the will, it becomes effective immediately.

Zheng Qiming became the head of the Zheng family legitimately. He glanced at his younger brother and said to the old minister Zhou Mingyuan, "Uncle Yuan, I'm entrusting Qilong to you. I'll talk to Mr. Xu and Mr. Lu for a while."

Seeing Zhou Mingyuan nod, Zheng Qiming looked at Lu Liang and Xu Jiayin apologetically: "I'm sorry to have taken up your time, this way please."

The two followed Zheng Qiming to the company's conference room, which was supposed to be a shareholders' meeting, but at present, the only shareholders of New World were the two of them.

Because the total shares held by others are less than 7%, and they are all circulating in the secondary market. Individuals or institutions holding more than 1% are basically zero.

Therefore, the shareholders' meeting is decided by them, with Xu Jiayin representing the controlling shareholders.

“Mr. Zheng, there are no outsiders here now, so let’s get straight to the point, what do you think?” Xu Jiayin took the initiative.

Even though Zheng Qiming acted very politely and cooperatively, it was not a reason for him to soften his heart.

“Okay, Mr. Xu, please go ahead.” Zheng Qiming called his office secretary and asked her to be the meeting recorder.

Record the decisions, viewpoints, and suggestions of the participants completely and accurately.

All of this will be made public at that time, so that the group's shareholders and board of directors will be aware of it.

Xu Jiayin glanced at the recorder, said nothing more, and said in a deep voice, "On behalf of Hengtai Group, I propose that Hengtai, as a major shareholder of the group, should join the board of directors and participate in the group's important decisions."

“That’s certainly right, I agree.” Zheng Qiming nodded.

Hsu Chia-yin added, “Chairman Cheng Chia-chun’s sudden accident and uncertain fate have caused me great concern. However, a country cannot be without a ruler for a day, and a family cannot be without a head for a day. Hengtai suggests that the board of directors re-elect the chairman.”

"Mr. Xu, it might not be appropriate to convene a board meeting now to re-elect the chairman of the board."

Zheng Qiming's face was gloomy. He thought that Xu Jiayin's move to enter the board of directors while her father was ill was already excessive, but he did not expect that she would want to directly complete the transfer of sovereignty.

With the father's fate unknown, the Zheng family has also offended HSBC.

He had just taken over the family business, and Lu Liang was eyeing it covetously. Under these circumstances, it was almost a certainty that Xu Jiayin would become the chairman of the board of directors of New World Group.

“Mr. Zheng, the operation of the group company is not a matter of whether it is appropriate or not, but whether it is reasonable or not, and whether it is legal or not,” Xu Jiayin said coldly.

Lu Liang, who had been silent all along, suddenly spoke up: "Qiming, let go when you should. Dragging it out will only drag Zhou Dafu down with you."

Zheng Jiachun eventually became obsessed, resorting to bridging tactics and using Chow Tai Fook's 50 billion strategic reserves.

If New World Development is still run by the Cheng family, misappropriating Chow Tai Fook's funds is simply a decision made behind closed doors by their own family.

But now Hengtai is the major shareholder of New World, and as long as Mr. Xu does not agree to repay the money, Chow Tai Fook can't do anything about it.

The reserve funds of jewelry and gold groups, like those of banks, are essentially the private property of their clients.

Once the news gets out, even without Lu Liang's intervention, someone will naturally take action to short Chow Tai Fook's stock.

Zheng Jiachun has made too many mistakes. If Zheng Qiming doesn't make amends, the entire Zheng family will be dragged into an abyss.

Zheng Qiming remained silent for a long time before softly saying, "I need a promise..."

Hong Kong stocks closed at 4 p.m.

Today's candlestick chart for the new world is like a condensed version of the journey from mountains to sea.

It opened at 89.2 yuan, rose to 158.74 yuan during the day, and then fell to 75.82 yuan at the close.

The single-day drop ended at -14.82%, and the market value also fell below 2000 billion, returning to 1773 billion.

At 4:15 PM, New World Group issued a public announcement stating that it had admitted its major shareholder, Hengtai Group, as a member of its board of directors.

At 4:30 PM, New World Group issued another announcement stating that due to health reasons, former Chairman Zheng Jiachun was replaced by Xu Jiayin, representing Hengtai Group, as Chairman of the New World Board of Directors, following a vote by all board members. "???"

"My father worked himself to the bone and was hospitalized with a stroke, and his spendthrift son just handed over the family business to someone else?"

"Fortunately, Zheng Jiachun is currently hospitalized and his life hangs in the balance; otherwise, he might have been driven to his death by anger."

"Damn, he doesn't even care about selling his father's land. How did a coward like Zheng Qiming become the heir?"

The news caused an uproar.

Zheng Qiming's reputation was ruined, and even the treacherous Lao Xu seemed to have become handsome in the public eye.

Filial piety is the most important virtue. Zheng Qiming's actions are no less than stabbing his father in the back, which is truly despicable.

"What a filial son!"

Back at Plaza Building Phase 2, Lu Liang was filled with emotion.

Outsiders all thought Zheng Qiming was unworthy of being a son, but only they knew that he was a truly filial son.

She was betrayed by her own father, but she could only grit her teeth and swallow her anger, bearing the blame alone.

Xu Jiayin smiled and said, "You noticed it too?"

"Isn't it obvious? I've seen plenty of fathers who are a pain in the neck, but this is the first time I've seen a son who's such a pain in the neck." Lu Liang couldn't help but chuckle.

Zheng Qiming's previous good attitude was actually a prelude to that final promise.

As Lu Liang said, Zheng Jiachun eventually became obsessed and even misappropriated Chow Tai Fook's reserve funds.

Zheng Qiming stepped in to try and salvage the situation.

After all, Xu Jiayin might not be able to repay the loan on time once she takes control of New World, so Zheng Qiming needs a written promise.

The Cheng family has completely withdrawn from New World Development and will no longer engage in internal power struggles with Hengtai, but New World Development needs to settle Chow Tai Fook's bridge loan within six months.

"Ah Zheng has given birth to a fine son."

Xu Jiayin picked up the conversation, subtly asking, "What are your plans next?"

The real drama in the Hong Kong market has only just begun; what follows will likely be a head-on clash between Skystar and HSBC.

"My son was born, I'm going home to play with him," Lu Liang said with a smile.

Old Xu was taken aback, realizing that Lu Liang didn't want to say more, so he asked instead, "Congratulations, when did this happen?"

Just yesterday.

"Early September, born in the Year of the Dog."

Old Xu muttered to himself, picked up his phone and dialed the number of the person in charge of Hengtai in Shanghai: "Help me get a pure gold zodiac dog."

"Have a heart."

Lu Liang chuckled, took a sip of tea, and said softly, "The Hong Kong market has been too hot lately, it's overloaded, it needs to cool down and calm down for a while."

Tianxing Financial has just acquired Huazhi and will need time to privatize it; Xingheng will need time to backdoor list through Guangsheng; and Delimei will also need time to fight a lawsuit with the IRS.

Even if Lu Liang wanted to take new action, his logistical support was already insufficient. It would be better for him to take a break and return to the new energy vehicle market.

Just in time for the peak sales season of September and October, Tianxing Auto's second SUV model, Yaoguang, is about to be launched.

Old Xu suddenly realized and asked, "What about Hengchi?"

"Heh, to tell the truth?"

"To tell the truth."

Lu Liang bluntly stated, "There's not much point in it. Just raising some money in the capital market is enough."

Electric vehicles are said to lack substance, and that's true; they're just a big battery, four wheels, and a vehicle infotainment system.

But the most difficult thing is to study hard. Take Tesla's three electric systems as an example. Tianxing Auto has invested tens of billions of yuan, but it still can't guarantee that it can consistently surpass its competitors. How much less can Hengchi, which is made in many countries, be compared to Tesla?

Hengchi's initial choice of a multinational brand strategy was merely a gimmick to boost its stock price.

Otherwise, they wouldn't have launched seven or eight models covering the entire series simultaneously; the essence of it is to attract a large following.

Now that Hengtai has acquired New World Development, and has the fertile ground of the Hong Kong real estate market, there is no need to waste time and energy on Hengchi.

(End of this chapter)