A dark single-breasted suit with a platinum brooch on the collar that looks like an open grapefruit leaf.

Tang Man looked at the hazy figure reflected by the smooth elevator door, with her arms folded in front of her, holding a commuter bag, standing straight and dignified.

She had forgotten how many years it had been since she had walked into a company so solemnly. She only remembered that it was like this when she had just graduated from college and entered the industry.

As the youngest newcomer in the team, I participated in a billion-dollar IPO project. I read the prospectus dozens of times to check for errors and omissions. My voice became hoarse and I could not make any sound, but I did not feel tired.

Because she just needs to do it, and the leaders will check and cover it eventually.

"Ding."

Tang Man raised her fingers and slid them across her collar. As she walked out of the elevator, the elevator next door happened to open, and Su He appeared wearing a pair of high-heeled shoes.

The two looked at each other in silence as they crossed the corridor, nodded slightly to each other, and then turned and walked into the offices of Taihe and Xiyou.

"Mr. Su, LeTV has made a special pre-market announcement of major events, and has conducted debt financing transactions with six companies including Heilan Group totaling US$6 million." The assistant came forward to report on the work as soon as possible.

Listed companies generally disclose important matters after the market closes. Other time periods will affect the stock price fluctuations on that day, and the exchange is very cautious in its review.

Only in extreme cases such as a brokerage trader making an erroneous order and placing a buy order of 20 to 30 billion yuan on a whim is it allowed to issue a special announcement for clarification.

LeTV's debt financing is intended to hedge the risk of cash flow runs by suppliers, and has no intrinsic strong correlation with the stock price performance in the secondary market. The fact that it was released before the market opened shows that Jia Yueting's good friends are making another effort.

Su He sat down at his desk. The electronic clock on the corner of the desk showed the time: 8:18.

"During the holiday, LeEco's secretary hinted to institutional investors that there would be a major positive announcement today?"

Her body tilted sideways, with the center of gravity of her legs supported by the soles of her feet. Her slender high heels were like sharp blades, gently swaying and ravaging the floor.

The assistant stared at the desk with his eyes focused. "The securities business group of the Singapore office has given the latest judgment. LeEco should announce major positive news after the market closes today, and it can be further confirmed that it is related to equity investment and asset injection."

"This isn't difficult to judge, is it?" Su He said in a light tone.

The assistant lowered his head unconsciously, then raised his gaze again and added dryly, "According to the Cailian Newspaper, Xingen Capital signed a package investment agreement with LeEco's business."

"What are the specific details?" Su He continued to ask.

The assistant said, "Xingen Capital's investment in LeEco Auto and LeEco Zhixin (TV) business belongs to LeEco's non-listed system and does not involve LeEco's main body violating regulations in disclosing information."

"Zeng Qiang thought he had made a fortune."

Su He sneered sarcastically. The electronic clock ticked to 8:25. She stood up leisurely and walked out.

LeEco's strategy of disclosing major positive news was clumsy but effective. It first took advantage of a loophole in the regulatory disclosure of information by listed companies, and then released the positive news that Xingen Capital had invested in a non-listed system business before the market opened.

If the market does not buy it, or if major negative news is revealed, major positive events involving LeTV's main body will be disclosed after the market close, triggering a stock suspension through equity investment or asset injection.

At least if the power is shut down, the stock price will not fall and threaten the equity pledge. By suppressing this major risk, it will not trigger a chain collapse.

Zeng Qiang thought that he could just pay a small investment deposit and then sit on the fence without getting in, but in reality, once he got involved in this rotten piece of meat called LeEco, he could forget about getting away easily.

Jia Yueting had to pull off his red shorts to share the joy.

"Wait a moment, the signal is fluctuating, re-debug the equipment."

Su He ignored the gossipy looks of many Xiyou employees and walked straight into Tang Man's office. The latter was leaning against the desk with his arms folded and greeted him.

She looked around for a place to sit, and when she saw the other person's serious attire, she hesitated for a moment, then moved closer and stood shoulder to shoulder with him.

"Sorry, I'm late. The signal is a bit poor here in Los Angeles."

The online conference equipment was connected, and Xie Jingxing made a brief opening speech on the big screen, then got to the point: "Will LeTV be suspended?"

"It's basically certain." Su He responded without hesitation.

Xie Jingxing anticipated this and gave Tang Man an order directly: "Then make sure that LeEco's stock price hits the limit today, and you don't need to continue to trade put options. Go contact LeEco's individual shareholders and prepare to collect the bodies."

"Isn't it a bit early? LeEco can delay for a long time by suspending trading."

"I will return to China the day after tomorrow and try to reach a settlement with Jia Yueting as soon as possible."

Some things are hard to talk about in an online meeting. Xie Jingxing gave a vague explanation, thought for a moment and emphasized: "The longer LeEco delays, the more serious the loss will be. In the end, it will be meaningless for us to take over an empty shell."

"It's 8:40. Is the report still to be submitted?" Su He interrupted, touching his wrist.

The screen suddenly froze, and Xie Jingxing was lip-syncing like an idiot, but there was no sound and no one could hear what he was saying.

Tang Man frowned and looked serious: "Boss Xie is too relaxed about this project. I need to give him some advice when he comes back."

"Don't pay attention to him since he's in his rebellious phase. Let's follow the plan."

Su He took out his cell phone and sent a message to his assistant. Tang Man followed suit and easily threw the short-selling report that had been brewing for the entire holiday into the market.

【LeTV Investigation Report. 】

High-end ingredients often only require the simplest cooking methods, and the titles do not have anything eye-catching about them. They were published on the official websites of Grapefruit Capital and Taihe Capital respectively.

Clicking on the official website link will automatically pop up the full text of the report, with a line of small print in the upper right corner - This report is provided by an anonymous person of unknown origin and does not constitute any investment advice.

LeTV did commit the three crimes of financial fraud, asset transfer, and fraudulent financing, but due to the short time and heavy workload, Su He did not collect much evidence.

The detailed data and pictures in the report were all made up on the spur of the moment.

She extracted parts of the report and sent them to several media outlets including Caixin. She had no intention of using them as a weapon, but rather of confusing the source of the report to reasonably avoid risks.

"The report can be sent out now."

Less than a minute after the report was sent out, voice came from the online conference. Xie Jingxing nodded his chin to indicate, and Tang Man and Su He fell silent in front of the big screen.

He grabbed his hair helplessly: "Hello, can you hear me? My signal is good. Is it you who is stuck?"

"Mr. Xie, we are working on a project worth tens of billions of dollars. Maybe you should be more serious." Tang Man felt very uncomfortable.

Xie Jingxing was very confused: "Are you two not worthy of my trust?"

"..."

"It's 5:30 pm in Los Angeles time. I'm going to open a bottle of red wine and have dinner, then go watch the Clippers play the Warriors at home and talk to Powell about investing in the team."

Xie Jingxing grabbed a Clippers baseball cap from outside the screen and put it on his head: "And you two, hurry up and tear Jia Yueting's head off for me, don't let him stay alive."

"If I can't get rid of his head, I'll go to China and die in front of your office door. No one can persuade me."

The screen image was interrupted as the words fell. Tang Man felt her face burning, and Su He's face also turned blue.

Foolish king!

Su He was so angry that her chest hurt. She stomped all the way back to Taihe's office, wishing that her high heels were stepping on Jia Yueting's skull. "Don't let him live!" Tang Man picked up the landline phone and spoke with a sharp tone at the end.

…………

"LeTV.com faces seven major risks, and its true financial and revenue situation remains a mystery."

"LeTV's five-year road to false prosperity."

LeTV's Three Sins

At 9 o'clock, a series of important special news reports suddenly appeared on the Internet. China Business Network, Caixin Media, Economic Observer, and many other mainstream professional financial media published articles.

Among them, Caixin Media's reports were the most explicit, listing LeTV's three sins, from financial fraud to fraudulent financing, each of which was shocking.

At 9:15, the stock market entered the call auction stage. LeEco's stock price opened flat and slightly higher, and was not affected by the negative news.

The market instantly became dysfunctional and was unable to digest the negative news. Hundreds of thousands of retail investors were at a loss, finding it difficult to receive information and make timely investment decisions. LeTV's stock trend relied on market inertia.

At the same time, the second wave of negative news followed. Internet celebrities, self-media, senior stock investors, financial practitioners, and countless individuals who exist in the Internet in a molecular form, used comment information with two web links to indiscriminately bombard all online platforms like missiles.

Weibo, Toutiao, WeChat subscription accounts and Moments, and even the public chat channel of the game Jian Wang San World, have sporadic messages about the century's scammer faking his escape!

The huge number of visitors who clicked on the link to enter the homepage of Taihe Pomelo's official website caused the first batch of visitors to crash before they could download the original investigation report.

At the moment of landslide and earth-shattering, the first trading day after the holiday finally ushered in the official opening. Tens of thousands of sell orders were poured in, and the stock price fell to the limit in 20 minutes.

Fifty thousand, sixty thousand, seventy thousand.

The number of limit-down sell orders increased visibly, and hundreds of thousands of retail investors who held LeTV shares were killed and buried on the spot by the mudslides that swept through, and no one survived.

"Chairman, Chairman, we have to mobilize our market protection funds!"

At LeEco's headquarters building, Secretary to the Board Zhao Kai rushed into the office on the west side of the 14th floor with a pale face and screamed miserably.

Vice President Liu Hong suddenly grabbed his collar and pulled him hard: "Is it useful to support the market now? How much funds do you have to take over the orders from retail investors? Don't panic!"

"There are no retail investors, all orders are large. Our major shareholders, Industrial Bank and Central Huijin, are reducing their holdings and selling!"

Zhao Kai grabbed Liu Hong's arm and shook it, then shouted at Jia Yueting who was sitting in front of the computer: "If we allow them to block the price limit like this and cause retail investors to panic, we will be hopeless. Sue Taihe Xiyou to delete the short-selling report from the entire Internet and lift the price limit, so that other investors can be temporarily appeased."

"We have only prepared 5 million yuan in total for market protection. Can you guarantee that the price limit will be lifted?" The financial director Yang Lijie screamed at the top of her voice, not to be outdone.

Zhao Kai was spitted all over his face and was speechless. How could he guarantee it? How could he dare to guarantee it?
Seeing this, Yang Lijie turned to Liu Hongliang without hesitation and said, "Anyway, the stock has already hit the limit down. After today's close, we will announce a major positive news and suspend trading. We might as well make the best of a bad situation and transfer all the funds to me to guarantee the liquidity of the book funds and prevent banks from tightening credit and suppliers from running on the bank."

"Okay, stop arguing!"

Liu Hong saw her throat opening and closing in her wide-open mouth, like two dark holes, and his head ached.

"It is no longer a matter of us announcing a major positive news and suspending trading. The regulator will immediately send us an inquiry letter. If we cannot explain the financial problems alleged in the Taihe Xiyou investigation report, the regulator will immediately set up an investigation team to enter the company."

Zhao Kai explained the situation feebly: "Even if the stock is suspended and cannot be traded, there are still debt financing, equity pledge financing, and related guarantee financing. These will still kill us, and then it will be all over."

"Then what do you think we should do? Let the legal department tell us. How confident are they in suing Taihe Xiyou and getting all the media outlets that spread rumors and cause trouble to delete their articles? I'm telling you, don't be sarcastic and try to pass the buck. Finance is not just my business. If you have the guts, go explain it to the regulator."

Yang Lijie looked at Jia Yueting in the distance again, and became more and more excited as she spoke: "Cash flow bleeding can't wait. I can't just withhold the bank drafts from suppliers and prevent them from cashing them in the bank. Equity pledge and other issues are all administrative. I'll find someone who can have a say..."

"I said, that's enough, stop yelling!" Liu Hong interrupted with a ferocious look on his face.

When disaster strikes, everyone is at a loss. The CFO only cares about the financial crisis, and the secretary only cares about the difficulties of the secretary. What kind of behavior is it to only care about the head and not the butt?
Now that the LeTV tree has fallen, no one can escape.

"Let me ask you, why did Industrial Bank and Central Huijin smash the market so violently without any technical skills? How could they sell tens of thousands of shares?" Liu Hong shouted at his two teammates who were so stupid that they looked like pigs.

"According to common sense, they should buy and sell at the same time, but both of them signed put options with Grapefruit Capital...crashing the market?"

Zhao Kai's eyes regained some clarity, and he thought out of his habitual way and said, "Yes, they are smashing the market! They have an under-the-table deal with Xie Jingxing, and they are not trying to sell off their shares and run away, but are deliberately cooperating with Xie Jingxing to smash the market limit!"

"Do you have any evidence?" Liu Hong pressed his shoulder excitedly.

Zhao Kai's body went limp: "I, guessed."

"The stock price has already hit the limit down. Don't even think about anything else. Now go investigate the transaction between Xie Jingxing and Industrial Bank and Huijin. Go ask the two funds of the Agricultural Bank first. Xie Jingxing must have contacted them as well."

Liu Hongping calmly resisted the urge to slap him to death, and arranged the work in detail: "Apart from this matter, report to me and the chairman at any time if you receive any inquiry letters from the regulator. Go and get busy!"

"And Director Yang, go find your colleagues in PR and legal affairs and jointly draft an internal stability maintenance statement. Send it to banks and suppliers with our current key financial data and the plan to inject LeTV Pictures' high-quality assets into LeTV.com to explain the situation to them."

Liu Hong glared with a fierce look on his face and bulged his eyes. Yang Lijie glanced at Jia Yueting from the corner of her eye, and seeing that he had no intention of supporting her at all, she reluctantly swallowed her grievances and complaints and didn't dare to argue.

"We have to hold a relevant shareholders' meeting first, otherwise we will be held accountable by regulators for leaking major information." Zhao Kai was indeed panicked, but he was also quite professional.

Liu Hong's neck was bulging with veins as he yelled, "The child is almost drowned, and you still have the time to change his diaper? Go prepare for the shareholders' meeting now, get out, both of you!"

As soon as the short-selling report came out, Xingen Capital can no longer expect any major benefits from its private placement and investment. In the end, it has to use LeTV Pictures as a backup, and hopefully it can be used.

The office door closed and Liu Hong let out a deep breath.

"Old Liu, come here." Jia Yueting waved his hand expressionlessly.

Liu Hong responded and stepped forward to look at the complete short-selling report displayed on the computer screen: "What did you find?"

"Take my bowl and smash my pot."

Jia Yueting gestured with his arms, his fingers twitching and his voice trembling: "The short-selling report is 74 pages long and contains tens of thousands of words. The content is detailed and the charts are rigorous, but there are no more than 10 accurate data."

"What does this mean? Xie Jingxing didn't get our real data at all and made it up completely, but he knows our internal situation very well."

He gritted his teeth and concluded: "The company is rotten from top to bottom. Except for a few of us, everyone else can't be trusted. They betrayed the company!"

"Call Xie Jingxing. I want to ask him how much money he spent to bribe everyone from shareholders to senior executives to make me isolated and abandoned by my friends." Jia Yueting's eyes turned red and slightly moist.

Liu Hong's throat tightened for a moment: "Chairman, we haven't reached this point yet!"

"I know. Listen to me and call Xie Jingxing. Since he is willing to invest such a huge amount of money, he must have something to ask for. I will talk to him." Jia Yueting smiled.

Liu Hong had no choice but to do as he was told. He couldn't get through to Xie Jingxing and his assistant's phone was hung up. After much thought, he got the phone number of Su He, the partner of Taihe Capital, through a friend.

"I'm Jia Yueting. Tell Xie Jingxing right away that he has crossed the line by deliberately fabricating a short-selling report."

"Do you have a suppository in your mouth? Don't pee or poop with your mouth open."

"Little girl, Xie Jingxing didn't teach you how to behave, so I will. Sometimes, some things are based on your own conscience. Do you think that an anonymous person's rogue tricks can do nothing to you?"

The female voice on the other end of the phone paused for a moment, and then asked more arrogantly: "Why, are you not convinced?"

The boss behaves like a rogue, and the subordinates also behave like rogues. It is glorious. (End of this chapter)