Reborn in America, I'm serious about making money.

Chapter 209 New Era Bankruptcy Countdown

In Hong Kong, Zhang San was searching for a successor for his Lihua Group; meanwhile, the investigation into New Era Holdings in North America did not diminish because of his sale of shares.

They didn't know until they investigated, and the more they discovered, the more they wanted to dismantle the company. The reason was simply that it was too big and involved too many companies.

From the internet to hardware and software, to media, to Google, to... such a large company, and from the other side of the world, makes them very worried.

"This company has a lot of loans, such huge loans, is there a problem?" An investigator held up a document from various banks showing New Era Holdings' loan records, which reached nearly 100 billion US dollars, even after more than half of them had been repaid.

Once all the stocks are sold, the debt can be paid off.

"He can control so many companies, so naturally he relies on loans for support; that's normal. Otherwise, as soon as we investigated, he would have started selling stocks to pay off his debts; that's normal too."

"We need to uncover more evidence about him, especially whether he has done anything that harms society as a whole, given that he controls so many companies."

They were organizing materials in the conference room. The materials filled the three-meter-long, wide conference table and were more than a meter thick. It was enough to shock them for several nights.

The members of the investigation team were also puzzled. They were very surprised that this Chinese man had accomplished so much in less than ten years. They wondered how this person could be so amazing.

"He's almost sold off all his businesses recently, so is there any point in this investigation?" the deputy team leader asked the team leader next to him, somewhat puzzled. The two were talking amongst themselves.

"What the public wants is a result, not a process. Even if we can't punish them, we will let those people know that monopolies are not allowed. In the USA, monopolies are not permitted, just like when Bell Telephone was broken up. We will break up New Era Holdings like our predecessors did."

"We must crack down on those who attempt to obtain excessive profits through monopolies."

Although the two were talking quietly, they didn't hide their conversation from others. In fact, their voices were quite loud towards the end. In their view, what they were saying was perfectly normal and based on available information.

At this point, someone said, "According to our data, New Era Holdings no longer owns many assets. Its main assets include NT-MS 8%, Silky 6.3%, Amerson 3.81%, and W..."

"Huh, why isn't there an MCA?" the team leader asked, somewhat puzzled.

"That was sold six months ago." A member of the investigation team produced a document with the name MCA, which showed that it had already been sold.

……

"This guy is really decisive, he sold it so quickly..." After a moment of silence, the team leader sighed with some surprise.

While they were organizing the data, New Era quickly signed transfer agreements with many fund companies. In just one day, they signed seven or eight transfer agreements, a speed that was simply unbelievable.

These contracts were all signed at 5% below market price, clearing out the last remaining shares except for NT-MS. This information will not be released to the public; it is a highly confidential matter and considered a trade secret.

The day after these contracts were signed, Stephen Chang resigned from his position as director of NT-MS; therefore, John will remain as CEO.

Meanwhile, that afternoon, New Era Holdings issued an announcement stating that due to debt problems, New Era might sell 8% of its NT-MS shares; if negotiations between New Era and the banks were not reached before February 2000 and the debt problem was not alleviated, New Era would liquidate its 8% stake.

This has nothing to do with being investigated; it's just a debt issue.

Some news or messages, once released, may be over-interpreted, just like this announcement; immediately, news media jumped out to interpret it.

"That young Chinese man from across the ocean has run into serious trouble. He's sold everything he owns and now only has 8% of NT-MS stock left. This means he's reached the end of his rope. So, will this $3.5 billion billionaire become a bankrupt billionaire?"

"In the past year, New Era Holdings has been subjected to antitrust investigations by the Department of Justice, which forced the company to sell a large number of its shares in order to compromise with the Department of Justice. However, it was no use. Their show of weakness did not win the understanding of the Department of Justice, and they still refused to let go of this poor company."

"The companies controlled by New Era Holdings are all excellent companies. Unfortunately, New Era is cutting its losses to survive."

A young Chinese man's dream of America shattered.

This was the news reported in newspapers across the United States the day after that article came out; their point was that the young Chinese man had gotten carried away, took out loans to invest, and ended up losing everything.

As for the Ministry of Justice's investigation, they didn't mention it at all. They gave extensive coverage to Zhang San's bankruptcy in the newspapers, creating a sense of widespread pity and desperation.

"A young Chinese man's dream shattered in America."

"Stephen Cement is facing bankruptcy, shocking the market. Reports indicate that the company has long been under financial pressure, and a series of recent poor decisions have exacerbated its predicament. Experts analyze that without urgent measures, Stephen Cement may find it difficult to avoid bankruptcy."

"Is Stephenson on the verge of bankruptcy? The former internet giant is declining. According to internal sources, Stephenson's cash flow has dried up, its debts are mountainous, and many of its businesses have stalled. This news has attracted widespread attention in the industry, with investors worried about potential losses."

"Stephen Clinic's bankruptcy crisis: Employees and citizens affected. With the exposure of Stephen Clinic's predicament, a large number of employees face the risk of unemployment. Relevant departments have intervened, hoping to find solutions to mitigate the negative impact."

"Stephen's bankruptcy has sounded the alarm, potentially reshaping the industry landscape. The company's bankruptcy could trigger a chain reaction, impacting the entire internet industry chain. Competitors are closely watching, attempting to gain an advantage in the market reshuffle. At the same time, this serves as a wake-up call for other companies, reminding them to prioritize sound business practices."

……

This report has been seen by many people online, and most of their comments are: This is not due to the other party's poor management, but a chain reaction caused by the investigations conducted by the investigators.

Zhang San's response was: Let the bankruptcy come even more fiercely.

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