Chapter 50: Chapter 50: Rebound
The news of a West Sea Company shareholder jumping off a building.
It spread through all of Chiayi County in an instant.
As an ambulance arrived, its lights flashing, the family of the old man who had jumped also rushed to the scene. A dozen or so people were wailing and making a scene at the entrance to West Sea Company.
Nearby, a large crowd of onlookers had gathered, watching from a distance and murmuring amongst themselves.
Meanwhile, managers from the banks that had loaned money to West Sea Company and Wang Dafu arrived at the company with their lawyers.
「In the chairman’s office on the fifth floor.」
The loan manager from Ryukyu Bank adjusted his gold-rimmed glasses and asked with a serious expression, "Mr. Wang, your loan repayment for this month, including principal and interest, comes to 2.75 million. Given your company’s current funds, I’m afraid it will be very difficult for you to gather that amount before the payment deadline on the 15th, won’t it?"
The bald manager from Taichung Commercial Bank was even more direct. "Mr. Wang, our bank has taken into consideration the enormous risk your company poses, as well as the fact that you obtained a loan by fabricating an artificial eel breeding technology. We are now formally notifying your company that the previous 12 million yuan loan agreement is officially revoked. We expect you to repay the entire loan before the 20th. Otherwise, we will sue you for loan fraud."
"You can’t do this!" Wang Yongli’s expression was grim.
"We’re not here to listen to your excuses. We’re here to inform you," the long-faced manager from First Commercial Bank said sternly, his expression cold.
Faced with the pressure from the three banks.
Wang Dafu had just stood up, intending to stall for time, when he suddenly felt the world spin. Then, his vision went black, and he fell backward, stiff as a board.
"Dad!"
"Boss!"
"Quick, call an ambulance!"
Seeing this, the bank managers exchanged glances.
The manager from Ryukyu Bank had an indifferent expression. He brushed off his suit and muttered, "What rotten luck."
"Hmph. Don’t think playing dead will get you off the hook. When the time comes and you can’t pay up, we’ll immediately file for compulsory enforcement and liquidate West Sea Company," the manager from First Commercial Bank threatened without the slightest hesitation.
That’s just how banks are.
When you have money, they rush to give you more.
When you don’t have money, they demand you repay it as soon as possible.
They perfectly embodied the practice of fawning over the successful while kicking the unfortunate when they’re down.
Meanwhile, Zhang Biao, who had remained inconspicuous the entire time, had already quietly slipped away with his men. Although he had suffered heavy losses, he wasn’t completely broke yet.
But the thought of the methods used by those vampires at the banks still gave Zhang Biao a major headache.
After all, transferring assets takes time, and these commercial bank managers were incredibly fast. As soon as they got word that West Sea Company had imploded, they immediately filed to freeze the bank accounts and real estate transactions of its major shareholders.
Fortunately, Zhang Biao’s ex-wife was quite shrewd. Long ago, she had divided their family assets into four portions: one in Zhang Biao’s name, one in her own, and one for each of their two sons. Furthermore, the couple had long since divorced.
In other words, the banks could now only file for compulsory enforcement on the assets under Zhang Biao’s name.
Nevertheless, the thought of losing nearly thirty million made him wince.
Meanwhile, with Wang Dafu in the hospital being treated for a stroke and Wang Yongli and his family absent, panic quickly spread through the ranks of West Sea Company.
In less than half a day, after the employees at the farm received confirmed news, they began to secretly conspire with one another.
「Inside the tool storage warehouse.」
"Old Tang, what do we do now?"
"What do we do?" Old Tang took a drag from his cigarette, then tossed the butt to the ground and crushed it under his foot. "Wang Dafu is in the hospital. It’s anyone’s guess if he’ll pull through. That kid, Wang Yongli, is all ambition and no talent. He definitely can’t save the company. We need to make plans for ourselves, and soon."
A young man with a buzz cut glanced out the window, then turned back to Old Tang and the others. "Old Tang, why don’t we take these tools home while no one’s managing the farm?"
"This..."
"What’s there to be afraid of? If we all take some, and as long as none of us say anything, who’s going to know? Oh, right, we should take out the surveillance cameras first."
Old Tang thought for a moment, then steeled his resolve. "Let’s do it. Call everyone over. We’ll consider it this month’s wages."
...
The chaos at West Sea Company.
It further stimulated the entire eel fry market.
「In the online sales department’s call center.」
Three telemarketers stared at the incessantly ringing phones on their desks. They didn’t answer right away. After a moment, one of them finally picked up the receiver.
"Hello! This is the online sales department of Hailufeng Agricultural Technology Company."
"Hello, this is Gao Dashan. I’ve ordered eel fry from you before..." freewēbnoveℓ.com
"Gao Dashan?" The salesperson typed the name into the computer, and the relevant sales record quickly appeared in the internal database:
"Haven’t the eel fry you ordered already been delivered? Is there a problem with them? If so, you should call the after-sales service line..."
"Uh... no, that’s not it. I want to order another batch."
"I’m sorry, the company is currently cleaning the breeding ponds, so we don’t have any eel fry available for sale at the moment."
"Can I place a pre-order then?"
The salesperson replied with a smile, "You can, but we’ve been receiving a huge number of orders these past few days. If you want some, you’ll probably have to wait until around August!"
"What? August? Can’t you move it up?"
"There’s nothing I can do about that."
"I’ll raise it by 0.1. How about 2.3 yuan?"
"For that price, I can move you up by a month."
"...Two-point-four yuan. Can I get them this month?"
The salesperson secretly breathed a sigh of relief, then said with a smile, "No problem. I’ll bump you up the queue right away, sir. We can schedule it for the 16th. Please confirm the quantity of eel fry on our online store, then confirm the delivery address, contact person, and phone number. Also, please make a 30% down payment in advance."
"No problem..."
A short while later, a notification popped up on the online sales department’s backend system: a deposit of 150,000 yuan had been transferred into the company’s account.
Through this kind of hunger marketing.
The online sales and regular sales departments quickly pulled the price of eel fry up to 24,000 yuan per kilogram. Although it couldn’t compare to the previous price of 28,000 yuan per kilogram, it still managed to stop the downward trend.
Over the next week or so.
Many customers who had previously complained about the high price of eel fry had to accept reality and purchase glass eels from Hailufeng Company at a price of 24,000 yuan per kilogram.
As a fellow major aquaculture enterprise in the Shanmei Region, Seaview Company naturally also noticed the price rebound in the eel fry market.
「Inside Seaview Company’s prawn breeding facility.」
"Dad, that Hailufeng Company is just so damned lucky. Who would have thought West Sea Company would actually implode?"
Gu Haijing, who was inspecting the prawn fry, looked up at his younger son, Gu Yiming. "Do you really think West Sea Company imploded on its own?"
"Didn’t it? Don’t tell me that kid sent people to poison their ponds?" Gu Yiming guessed wildly.
"Why don’t you go and try poisoning hundreds of acres of fish ponds in Ryukyu? Jiang Miao isn’t stupid enough to do something that would bring so much trouble upon himself."
Gu Yiming paused for a moment before it dawned on him. "You’re right. Poisoning a few acres of ponds might be possible, but doing it to hundreds of acres without getting caught... that’s practically impossible. But, Dad, do you know why West Sea Company imploded?"
"That stolen confidential formula."
Gu Yiming’s eyes widened. "So that kid knew someone was going to steal the formula, and he prepared a faulty one in advance?"
"So use your brain more. With your level of intelligence, you wear your heart on your sleeve for everyone to see. And stop hanging out with that pack of good-for-nothing friends." Gu Haijing’s tone became serious as he spoke.
"Yiming, I’m giving you two choices. Either get married and have kids soon, then just stay home and live a quiet life, or stop hanging around with your useless friends and learn how to manage the company with me. And stop having naive ideas about starting your own business all the time."
"Dad! How do you know I can’t do it?" Gu Yiming’s rebellious streak flared up.
Gu Haijing pulled no punches with his son. "Heh. You think you’re Jiang Miao? He has skills and methods. What do you have, besides me as your dad?"