Chapter 573 - Chapter 573: On the Brink of Bankruptcy
Chapter 573: On the Brink of Bankruptcy
Translator: Henyee Translations Editor: Henyee Translations
Given the Lu family’s position, it was almost as simple as snapping fingers to bring down companies in Mei Cheng.
The stock market has always been volatile.
Both Jiang He and Jiang Hai were seasoned players in this regard, understanding the psychology of investors and the patterns of the market very well.
With them operating behind the scenes, the stock prices in Mei Cheng’s company skyrocketed rapidly.
When Mei Cheng got wind of the news, they thought a windfall had come from the sky and happily went to the bank again to borrow a large amount of liquid funds, increasing the company’s inventory, preparing to seize this unexpected opportunity to help expand the company.
Jiang Hai was waiting for this moment. Taking advantage of Mei Cheng having almost exhausted its liquid funds, he suddenly began dumping stocks massively at low prices in the market.
This move quickly attracted widespread attention from various industries.
Unaware of the insider information, ordinary investors saw such drastic changes in stock prices and began selling off in large numbers. In no time, the stock price of Mei Cheng Company dropped to the lowest point in the entire market.
By the time Mei Cheng reacted, it was caught off guard.
In the office.
Glass shards littered the floor, and murky liquid dampened the documents.
A man stood panting heavily in the midst of the chaos, glaring with eyes fixed on the secretary who came to report, “What do you mean by what you just said? What do you mean we’re about to go bankrupt?”
The secretary hugged her arms tightly, almost crying directly from fright, and said in a trembling voice, “Mr. Mei, the bank people just came to urge us again. They said if we don’t deposit the guarantee money for the loan faster, they will sue us. Then the court will come to seal our company, and people will come to audit the accounts and freeze your property.”
Mr. Mei’s clenched fists creaked as anger surged through him, and he kicked over the coffee table in front of him in frustration.
The office suddenly echoed with another round of clattering sounds.
The employees outside were dumbfounded.
They had long heard about the recent turmoil in the company. Now, hearing the commotion inside, they suddenly realized that their company might soon be closing down.
But what about their salaries for this month and last month?
Previously, Mei Cheng, enticing them with promises of extra year-end bonuses, refused to pay their salaries and bonuses from last month.
Originally, they had seen the company’s thriving momentum and had hoped to receive a hefty year-end bonus at the end of this year. Who would have thought that the market would change so quickly, and in the blink of an eye, their company would be unable to continue operating!
What about their salaries?
A group of people anxiously gathered together to think of countermeasures.
The department manager had been with Mei Cheng the longest and understood Mei Cheng’s personality the best. He took the initiative and said, “We need to go to the secretary-general about this. Maybe she can talk to Mr. Mei, and perhaps Mr. Mei will pay our salaries before the company shuts down!”
At this critical moment, even if the manager had a good relationship with Mei Cheng, he dared not to stand out and guarantee for Mei Cheng.
If the salaries of so many employees were not paid, and they all came to him in the end, even if he emptied all his savings, it wouldn’t be enough to make up for it!
For now, he needed to unify with the employees and stand from the perspective of the victims. This way, in case Mei Cheng really had no money to pay, he wouldn’t have to bear this responsibility alone.
What the manager said still had some effect.
The chaotic crowd quickly quieted down, and every pair of eyes stared at the office door.
When the secretary came out, tears still lingered in the corners of her eyes.
Immediately, everyone crowded around her, bombarding her with questions, “What’s the situation? Does Mr. Mei have a way to deal with it? Can we still get our salaries for the past two months?”
The secretary wiped her tears and helplessly shook her head, “I’m not sure either. Mr. Mei didn’t say anything. Maybe you should wait a little longer. Mr. Mei might come up with a solution?”
Listening to her, everyone understood that they couldn’t expect much from her.
Thinking about it, everyone in the company knew how the secretary-general had risen to her position!
With an average educational background and capabilities not as good as other competent secretaries, she had become the secretary-general, relying on nothing but a beautiful face!
Since they couldn’t rely on the secretary, they had to think of other ways to get their salaries back.
With this in mind, everyone decided to wait and see. If the company really had no hope of turning things around, they would go to the labor department together, asking the higher-ups to force Mei Cheng to pay them back.
Once this matter arose, the employers completely lost their mood for work.
Before Mei Cheng’s company wasn’t seized by the court, it had paralyzed internally first.
As he walked out of the office, he noticed that everyone seemed absent-minded and lazy. He was suddenly filled with rage. He smashed the nearest person’s water cup and vented his anger on them, shouting, “You bunch of good-for-nothings! You don’t work hard usually, and now, in the company’s crisis, you’re still so indifferent!”
“Let me tell you, starting from today, all of you will have to work overtime for me! If the company goes under, don’t expect to get paid!”