655 Peaceful Takeover (2/2)

Although Jiang Chen felt that her condition was not necessary, in the principle of not wasting food, he accepted her ”service” without any dignity.

So that just happened in the hotel room.

Wu Qian was already dressed and had restored her graceful and majestic appearance as if nothing happened. She smiled.

”So, what we have agreed on before, please and thank you.”

When she left the room, she politely closed the door behind her.

...

In just three days, NAC completed the acquisition of Gear Chamber of Commerce, which cost a total of 500,000 credits and they controlled 52% of the shares. At the same time, NAC used the Federation's securities trading law and offered two times premium to forcefully acquire the remaining shares from Liu Hong.

At this time, the valuation of Gear Chamber of Commerce for 37% of the shares owned by Liu Hong was only worth 200,000 credits. With double the valuation, it was 400,000 credits. When Jiang Chen paid the money to Federation's stock exchange, Liu Hong was kicked out of his own chamber of commerce.

It was too late to change the law then.

The Gear Chamber of Commerce, which was valued at 10 million crystals, became Jiang Chen's assets overnight.

As a result, the only plantation in Federation was now also under NAC's control.

However, it was just the beginning of Federation's nightmare.

The NAC, which monopolized the production of Hongcheng nutrient supply, immediately announced a price increase and raised the price of nutrient supply to 2 crystals, citing the reason due to the depreciation of crystal.

Commodity prices skyrocketed by a factor of four, the prices of other Federation goods also skyrocketed. Although the number of crystals in Federation citizens' pockets did not change, the wealth of every citizen shrunk. Facing the strength of credits, the circulating crystals in Federation plummeted.

And because the survivors of Hongcheng had already exchanged their currency for credit, the price increase didn't impact them significantly. The only ones affected were the hunters who hunted for crystals, but the loss was negligible for NAC.

NAC's first stab penetrated Federation's chest.

The dissatisfied peopled naturally unleashed their anger on the president.

The wave of protests completely collapsed the city.

At the same time, Ji Yucheng, the NAC ambassador, announced his resignation and returned to Federation's parliament. He stood in front of the public and told the story of the assassination attempts on the president and how NAC saved him.

No matter which era, political assassination was always a scandal.

When the president's chief of staff released an audio recording of the president purchasing his head, the public opinion naturally stood on his side.

Using the public's support, Ji Yucheng immediately announced his election campaign.

”Conspiracy, depression, bankruptcy...Look at what our President has done? This can't continue anymore! Before he ruins our homeland to a point it can't be saved, we must kick out this villain blinded by power. I will run for the next presidential campaign. Brothers and sisters, I need your support!”

The audience burst into loud cheers. People whistled and embraced him like a savior.

On the other hand, the Gear Chamber of Commerce had completed its restructuring. With the support of NAC, this aged behemoth finally regained its vitality.

The former third largest shareholder Wu Qian was elected as the new president of the Chamber of Commerce.

The dignified and glamorous female president, with her excellent management ability and negotiation ”means”, received orders for nutrient supply from NAC's military government. It also signed crystal supplying agreements with seven factories from the Sixth Street which completely turned around the company.

Under the money offered from NAC, the media gave high praises to her and successfully fabricated her to be one of the most outstanding merchants. But what the public opinion didn't know was how scandalous their goddess acted when she was with Jiang Chen.

What happened next is already predictable.

The scandal, weak economy, and the public dissatisfaction with the president all reached their peaks.

Wu Qian used her influence to speak through the media, attacking the president, accusing him of incompetence in solving employment problems and maintaining market order. On behalf of the Gear Chamber of Commerce, she demanded the president be impeached and called forth another election.

Losing the support of Liu Hong, Jia Ming could only watch this all unfold.

Without the support of capital, he didn't have a fighting chance.

The army was controlled by the parliament, and the parliament was controlled by the merchants. Under the sugar-coated shell of NAC, the parliaments all turned one by one. NAC promised to exercise a high degree of autonomy in Hezhong City as it did in Qingshan Town. Since their own interests would not be affected, the merchants didn't have a reason to say no.

Otherwise, Gear Chamber of Commerce would be their precedence.

The election took place as scheduled.

Without any suspense, the people of Federation welcomed their savior to the president's throne.

The first thing Ji Yucheng did after he took office was disarmament. He sighed a defence agreement with NAC. At the same time, the price of the nutrient supply controlled by NAC fell, showing his people the president's ”ability”.

Just like that, without a single shot fire, NAC's flag rose above Federation.