Chapter 1497 - 1490: Beautiful Ladies and Scenery (Part 12)
The following morning.
News that Hanhai’s U.S. stock had continued to fall spread throughout China’s financial circles as the workday began.
Even though Hanhai had tried to control public opinion, two consecutive days of decline inevitably indicated a significant issue within Hanhai. Some private banks even downgraded Hanhai’s risk assessment by two levels. This meant that Hanhai would face much more stringent scrutiny when seeking loans from these banks, essentially severing Hanhai’s financial lifeline. For a real estate company heavily reliant on investment and saddled with high debt, this was definitely not good news.
Qin Zhiyou knew that everything else was insignificant until his grandfather secured the support of the banks. The buyers, who had previously agreed to purchase land, began to wait and see at this time. If Hanhai’s stock were to fall, these lands would be sold at much lower prices. These buyers were in business, not charity, and naturally, they preferred to wait a bit longer.
On the other hand, Qin Weijian and Qin Weijia were rallying Hanhai’s old guard and other shareholders, preparing to convene a shareholder meeting to impeach Qin Zhiyou. "Kick him while he’s down" was their approach; they were not the type to respect any gentleman’s agreement and planned to stab Qin Zhiyou at his most vulnerable moment!
There were also Zhao Zihao and Zhongtian, who stated with "great regret" that if Hanhai could not resolve these issues promptly, their cooperation with Hanhai might have to end. This meant the construction of the national demonstration zone would come to a halt, which was the critical issue that could choke their lifeline!