Chapter 20: How Hard Could It Be (1/2)

Translator: Mia

Sheng Youting stopped, and looked down upon the dean, ”Hehe? Aren't you alive now? However, my wife lost her life. So you are exchanging my wife's life for your social status and reputation. Do you deserve it? You own her and I will get it even on behalf of her!”

The next day, scandals about the dean were publicized and shocked the whole industry. The dean's relationships with multiple women and his secret deals with medical and medical device companies to get rebates were known and scolded by people within the industry.

The dean was now like a rat crossing the street. He didn't even dare to walk out of the door of his home. His wife wanted to divorce with him. His hair turned white in just two days.

Without any sign, the share price of the Yu group suddenly plunged to the bottom limit when the stock market opened in the morning. The large amount of stocks purchased at the early stage were now all sold at the same time. This situation lasted for a week in a row. Though the market indexes were red, these didn't help with the current situation.

Retail investors didn't know what had happened and went panic. They sold their shares along with the trend. Thus the share price of the Yu group remained acting poor. However, later, multiple private equity firms started to took in shares with a super low share price. Seeing the recovering of the share price, retail investors again followed the trend and bought shares. After the share price continued to increase to the ceiling for two days, the private equity firms started to dump their shares. The share price then was back to its previous state, plunged to the bottom limit for one week.

Tortured and unwilling to suffer from great emotion changes, retail investors were in a panic and dared not to buy the shares of the Yu group. Bank loan applications initiated by the Yu group were not agreed by both the state-owned or commercial banks at that time. Yu Bonian had no other ways but to sell all his properties and save the share market. Even his real estates were mortgaged to the bank finally.

Yu Bonian did ever think about asking Sheng Youting for help. However, his calls were always answered by Sheng Youting's secretary, saying that he was abroad for meetings and all information concerned shall be kept as commercial secrets. It was natural that Sheng Youting couldn't answer the call.

Yu Bonian was expecting that Sheng Youting would come back abroad and then help the Yu group with the social resources of the Sheng family. He was apparently trapped into this matter. However, he failed to check who it was.

There were so many private equity firms within the country uniting together to suppress the share price of the Yu family, leaving no room for the Yu family to fight back.

Sheng Youting was out of touch for long. Yu Bonian wanted to mortgage the house of Lanlinyuan. However, the application was grabbed and stopped by Sheng Youting.