Chapter 16 (1/2)
Chapter 16: Cheng Family
Translator: CKtalon
“Bankruptcy?” The two brothers were a little stunned
“Dad, has it co Zihao said anxiously, “Dad, the virtual glasses back then dealt a er Shark Group suffered the ier If the virtual world can’t defeat us, this will give us an opportunity to infiltrate the virtual world”
“There’s no chance” The aged Cheng Liwei shook his head gently “It’s different frolasses last time Back then, the tech first appeared before it was licensed to , so we could make preparations But this time, the Earth Alliance released the VR headsets almost immediately The virtual world is open to everyone, and it has completely crashed the Internet market
!!
“Shares in the co for the past month or so, and it crashed after the press conference Although the coain once the suspension is lifted OurLiwei said calmly “Many banks have frozen the family trust’s assets and requested that we pay them back in advance”
“OurZitong and Cheng Zihao knew that the situation wasn’t good
“The faroup’s shares, which is less than 100 billion How does itasked “Dad, what about the other investments in the family trust?”
“Our family is in the Internet industry, and our family trust mostly invests in the Internet industry Under this impact, most of the valuations will be at a 20-30 discount, and soinally had 900 billion yuan in assets, with a debt of 300 billion It was very safe, but these assets now… are probably worth less than 200 billion yuan”
“That little?” Cheng Zihao was duood days were all thanks to his faer Shark Group under his fa we can do about it The appearance of the virtual world isn’t so Liwei shook his head and s about such a major development It’s obvious that the Earth Alliance doesn’t care about the life and death of the Internet coer Shark Group won’t die After all, our balance sheet is still very good,” Cheng Zitong said “However, our family’s 82 shares will probably be acquired by the bank soon”
“Don’t worry Your assets are co Liwei looked at his two sons “As the faer, I have to pay the price However, the two of you are unaffected You two should keep a low profile in the future After all, the Cheng faer Shark Group”
Cheng Zitong and Cheng Zihao fell silent
“It’s gone? It’s all gone?” Cheng Zihao’s body treiven Brother five billion over the years, right? However, you’ve only given me two billion It’s unfair”
“Zihao, this was all done according to the fa said
“Dad, that’s unfair” Cheng Zihao looked at his father
“Unfair?” Cheng Liwei looked at him “First, your brother is older than you The family trust disburses its first sum of money when you reach 22 It is then handed out annually You’re young, so who can you blaer the investement ability, the more the family trust will increase Who can you blame if your investment ability is inferior to your brother’s? Third, I was the one iped your ass for the shortfall you created Billions were thrown in to fill the gap, and I even owed people favors! How did I let you down?”
“But I have nothing!” Cheng Zihao looked at his father
“I’ Liwei pointed at the door “Get lost!”
Cheng Zihao looked at his father with red eyes
“Get lost!” Cheng Liwei continued pointing at the door
Cheng Zihao turned and left, leaving only Cheng Liwei and his eldest son—Cheng Zitong—in the office
“Dad, Zihao is panicking,” Cheng Zitong whispered “Although you’ve given hi He probably doesn’t have et anyLiwei looked at his eldest son, Cheng Zitong “Frole cent!”
Cheng Zitong was stunned “Then, what if he starves to death on the streets?”
“Let hi fa family of the past; we can’t afford to lose any said
…
In Cheng Zihao’s office
Zihao frantically s in the office that he could find
“Old rit his teeth Then, he gently touched his watch and said through gritted teeth, “Get the hell to ed htly moist hair came to the office He immediately said, “Boss, I was in the virtual world I rushed over as soon as I received your e”