Cherreads

Chapter 972 - 1120

Inside the car!

Utter silence!

The driver and chief lawyer sat in the front, while Ma Jun and Zhou Ying sat in the back. For a moment, no one spoke, clearly still reeling from the shock of so many reporters and cameras.

After a long silence, Ma Jun finally calmed his anger and asked, "What's the current situation at Huanyu Group? Is the stock price fluctuating a lot?" He knew that his presence would definitely have an impact on the outside world, but he trusted the emergency response team outside to handle the situation.

Chief Lawyer: "It's quite a big deal! Ever since Chairman Ma went in, there has been a wave of public opinion, and it has even topped the trending searches two or three times! But our PR team has managed to suppress it all, so the trending searches have been relatively calm."

Ma Jun nodded.

In 2013, financial news didn't garner much attention on trending topics. Even if Qin Jiang were to manipulate things, it would be difficult to get it to the top, and without substantial evidence, those trending platforms wouldn't dare to promote it heavily.

It's not just Qin Jiang who has connections who can pull strings!

He also has capable people behind him!

But the chief lawyer reiterated, "What's more troublesome are the messy rumors circulating online. These rumors are spread across various forums and online communities! They're being spread by a large number of people! It's likely that they're organized and premeditated. Their rumors are basically: Chairman Ma of Huanyu Group has been arrested; Huanyu Group is about to go bankrupt; real estate projects cannot be sustained; real estate projects will not be completed and will become unfinished projects!"

Ma Jun was startled and realized, "Someone's causing trouble!"

The chief lawyer nodded: "Yes, there are cases of homebuyers causing trouble at sales offices of housing projects under construction in various places! Some are demanding refunds, some are demanding explanations from the sales offices, and some recently popular housing projects have even been completely surrounded by people asking for refunds! Sales of housing projects in various places are declining sharply, and these disturbances have been reported by many local news outlets, which has greatly impacted stock prices."

In 2013, the chairmen of large corporations were not too closely tied to the group. If the chairman had a problem, the stock price would not plummet, but if problems arose in one of the group's subsidiaries, the stock price would fluctuate greatly.

Ma Jun's face was extremely grim: "Damn it! It must be him pulling the strings behind the scenes. I really underestimated Qin Jiang. I planned to use public opinion to get back at him, but I didn't expect him to get back at me instead. He even attacked my Huanyu Group's real estate project. He's ruthless..."

His anger was barely concealed. He couldn't remember the last time he had experienced something like this: he hit someone but failed and ended up being hit instead. What's worse, he didn't have any means to fight back. He felt like the Black Dragon Group was a hedgehog; he hit them but ended up getting hurt instead.

It's such a headache!!!

Ma Jun: "How much has the stock price dropped?"

Lead Attorney: "Around 20%!"

"How much?" Ma Jun stared wide-eyed at the chief lawyer. "How could so much have fallen? What did Qin Jiang do this time?"

Huanyu Group's market capitalization is a solid 100 billion yuan, not 100 billion, but nearly 200 billion yuan. A 20% drop means a loss of almost 40 billion yuan in market capitalization. Although market capitalization does not represent actual value, a 20% drop in market capitalization is absolutely disastrous for any listed group. Although Ma Jun is the largest shareholder of Huanyu Group, it does not mean that he has complete control.

Listed group!

The internal structure is very complex!

Such a stock market crash can cause a lot of trouble among shareholders, especially if the crash was caused by the person in question. They will be held accountable, and it won't be easy for them to get through it easily.

Chief Lawyer: "It's not Qin Jiang! It's other real estate groups taking advantage of the situation to steal our clients and increase their advertising."

Ma Jun's expression turned completely cold.

No need to ask!

He knew that the other real estate groups the chief lawyer mentioned definitely included members of the Fangshan Club. Not only did these bastards not help him, they also kicked him when he was down. Most importantly, he was still powerless to do anything about it!

He founded the Fangshan Society, but his first battle with everyone ended in a complete defeat, crushed by the Black Dragon Group! His son was even imprisoned, and now he himself has been imprisoned by the Black Dragon Group. So it's perfectly normal for the other members of the Fangshan Society to have their own thoughts.

Who told him to fail to establish his authority and instead mess things up! He caused everyone to lose a lot of money. It seems those people didn't go all out, otherwise the stock price would have dropped by much more than just 20%.

Ma Jun immediately made a judgment: "Spread the news of my release immediately. Remember: I went in to assist with a public security investigation and did not commit any crime, let alone murder."

"Also, please let me know that I will be holding a new press conference at the Shanghai World Trade Center tomorrow to explain the situation during this period."

"Order all project management departments: All customers intending to cancel their bookings must receive a refund immediately, in cash!!!"

The lead lawyer stated, "There are quite a few customers cancelling their bookings; if it really happens, at least one-fifth of them will have to cancel! We're worried our cash flow won't be able to support it, and there are also legal issues involved..."

Ma Jun: "It's nothing! Divert the funds the group was preparing to pay salaries! Have each real estate project department withdraw cash and display it outside each property development for public cancellations!"

"The first wave of people canceling their purchases won't be too many; most will be observing. After I hold a press conference tomorrow, I will announce that every customer who hasn't canceled their purchase will receive a piece of furniture or a home appliance as a reward, and all property prices will collectively increase by 2%. This will both prove that our Huanyu Group has no financial problems and stabilize our customers."

Hear this.

Even the chief lawyer couldn't help but glance at Ma Jun a few more times. Although he had lost the battle with Qin Jiang, he had to admit that Ma Jun was very resourceful. At least, this move of his looked extremely impressive!

.....

The driver ahead asked, "Mr. Ma! Where are we going?"

Zhou Ying: "Where to? Where else can I go? The hotel! I need to wash up! That damn Qin Jiang! It's him... I've never been to a jail before, it's not a place fit for a human being, they eat radishes, cabbage, and tofu every day... I'm almost sick of it..."

"The food was bad enough, but the sleeping arrangements were terrible. There was a large berth in the lobby for so many people, and I was even assigned to the spot next to the toilet."

"It's full of trash..."

She was furiously complaining, her face full of anger, a far cry from the stable demeanor she once had as a secretary. Even when Ma Jun gave her an order that she should have carried out, her mind was filled with anger and fear. Moreover, if you looked closely, you could see the fear in her eyes and the bruises on her neck, clearly indicating that she had broken the rules and been punished inside.

See here.

Ma Jun didn't say anything! He wasn't hurt inside, but he wanted to go to the hotel to take a shower and get rid of the bad luck.

Zhou Ying continued shouting, "Chairman Ma! It was Qin Jiang who framed us: not only did he let us in, but he also caused the stock price of Huanyu Group to drop, and he even arranged for reporters at the entrance. He wants to completely destroy us, we can't let this go... I want her in too... I want..."

She didn't finish her sentence.

Suddenly, the driver in front exclaimed:

"Holy crap! Look..."

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