Resurrection Empire

Chapter 755 285: The Bloodthirsty Stock Market Accelerates in a Spiral, A Step Away [6800 Words]

The Chongyi Wang Family was not immediately executed; instead, they were fitted with the Level Eight punitive collar that Xiao Xingyue once used, restricting their movements, and then placed under strict surveillance.

It's not because there are too many implicated, making it difficult for the Association to kill.

There is no principle of 'law not punishing the majority' on Source Star.

It's because a high-ranking figure has intervened.

This is how Ying Hao communicated directly with Ren Zhong.

"It wasn't me who spoke on their behalf. After all, the Chongyi Wang Family, with its centuries-long heritage, has established relationships with some top aristocratic families, which is reasonable. This is one of the things Wang Dingyuan relied on to dare to meddle in Alien Ore. Considering that the ore is in hand and has barely caused any substantive loss, the Elder Council of the Association decided to impose the following penalties on the Chongyi Wang Family."

"All members of the Chongyi Wang Family will have their Citizen Level reduced by two levels, and First Level Citizens will be downgraded to Preparatory Citizens. The Business Association will directly seize the equity that Wang Dingyuan previously pledged to Alson Bank and will carry out debt-to-equity swaps. The Association will sell this portion of the shares. Although the current stock price is volatile, the pledged stock price was relatively low initially. After repaying the bank funds on behalf of the Wang Family, the Association should still have profits of hundreds of billions. Furthermore, Wang Dingyuan must pay a fine of 300 billion within a month. If he fails, all assets of the Wang Family will be confiscated, and all members will be demoted to Desolates."

Three hundred billion is a very subtle number.

Currently, one-third of the shares held by the Wang Family in Tianyuan Military Industry are pledged, and the money has already been spent, most of it going into a top-secret laboratory that has been confiscated and expropriated.

Before the Wang Family can repay the funds, the bank holds half the management rights of these shares, which the Wang Family cannot use.

The Wang Family previously had more than 30 billion in liquid funds, but it was siphoned off early by Ren Zhong, also creating additional debts of over 60 billion for the Wang Family.

Besides Tianyuan Military Industry, the Chongyi Wang Family has other industries worth about 70 billion in total.

After selling all of them at a loss, the Wang Family can gather about 60 billion in funds.

Additionally, by leveraging connections, the Wang Family may borrow some money, probably raising three to four hundred billion.

Thus, the gap of over 210 billion in fines can only be covered by continuing to pledge equity.

Considering Tianyuan Military Industry's current market value of 830 billion, the Wang Family holds shares that can be pledged, accounting for approximately 49.5% of the total share capital, valued at 4184.99 billion.

Given the current situation, the stock price of Tianyuan Military Industry is bound to plummet, forcing the Wang Family to pledge at a low price.

Thus, the Wang Family needs to pledge at least the remaining half of their shares to barely cover the total fine.

Under normal circumstances, such a high pledge loan ratio would inevitably bring exorbitant interest rates.

The dividends from the profits generated by the company's operations should only slightly exceed this interest.

The Wang Family is unlikely to repay the entire pledged loan in the next twenty years.

The Wang Family has preserved their lives, maintained their Citizen status, and retained a small amount of capital to keep the family running, essentially becoming high-level workers for Alson Bank.

From this subtle number, Ren Zhong understood which force the high-ranking figure who intervened came from; it must be Alson Bank.

But this is not the result Ren Zhong wanted.

The Wang Family must be ruined; he at least wanted Wang Dingyuan and Wang Jinsou dead.

Ying Hao said again: "I have publicly criticized it at the Elder Council meeting, I did my best. Look at this video yourself."

At the meeting, Ying Hao faced the Elder Council members representing various forces with a cold and stern look, saying, "Look, these are the people protected by the system you uphold. These are the rights of the high-level Citizens you want to protect. But aren't Fifth Level Citizens also high-level Citizens? Who will protect the rights of Wang Zhaofu's victimized family? Your so-called justice is nothing but an attempt to satisfy your desire to weaken my influence. With rulers like you on Source Star, it's a misfortune for the humans on Source Star! Those with similar behavior in the Wang Family must die!"

As soon as Ying Hao finished speaking, the rest of the Elders responded with laughter and evasive chatter.

Ren Zhong turned off the video, thinking, amusing indeed.

Ying Hao's speech was taking advantage of the previous atmosphere to attack those who wanted to acquit Wang Jinsou and used this to investigate Ren Zhong and Xiao Xingyue's comprador factions. At the same time, it was also promoting his Promotion Association philosophy and setting the stage for a major reform of the Citizen system, while also "catering" to the preferences of his Promotion Association's emerging forces.

Ren Zhong replied, "Chairman, I understand. My personal dispute with Wang Jinsou and the matter of Alien Ore ends here."