Chapter 366 - The Xiao Corporation Fails to Acquire Ai Shang Group
At this moment, Old Mr. Wen was thrilled to know that the Xiao Corporation had failed in acquiring Ai Shang Group. In high spirits, he took out his precious Biluochun green tea leaves which he had been keeping for years and enjoyed it with Wen Xinya.
Staring at Wen Xinya in awe, Old Mr. Wen said, “I didn’t expect you to use this method to deal with the Xiao Family. Both the Jiang family and Xiao Family suffered major losses.”
Although Jiang Shaofeng was quick to sell all of his shares, he still incurred a hefty loss.
Wen Xinya burst into laughter and asked, “Grandpa, what do you think will happen if I inform the media of the major losses that the Xiao Corporation has incurred due to the failed acquirement?”
“I reckon that the Xiao Corporation stock prices will decline by more than 50% and it will continue to plunge tomorrow.”
Wen Xinya whipped out her mobile phone and typed a message with a cunning smirk hanging from her lips.
Old Mr. Wen frowned slightly at the sight of how cruel and menacing she was, for he could not help but feel a little terrified despite being pleased with her ambitious nature.
Wen Xinya smiled and said, “I didn’t plan to deal with the Xiao Family at the start, but they were the ones who decided to get into cahoots and insult Father. Tit for tat. I’m not going to allow anyone to challenge our authority.”
Feeling heartened and gratified after hearing her words, Old Mr. Wen said, “You’re right. Ever since your father took over the Wen Corporation, we’ve lost some of our power and financial abilities. That’s why the Jiang family and Xiao Family decided to climb all over us. You’ve done a great job this time.”
Feeling a little shy, Wen Xinya said, “Grandpa, you’re known for your shrewd and elite business management methods, commanding lots of respect. As your granddaughter, I can’t ruin your reputation.”
Heartened to hear her words, Old Mr. Wen asked, “Tell me honestly, how much did you earn from trading this time?”
Wen Xinya smiled and answered, “I hold 30% of Ai Shang Group’s shares. Grandpa, go ahead and guess how much I’ve made.”
Old Mr. Wen guessed that Wen Xinya had made at least 300 million yuan from the stocks since the Xiao Corporation had lost about one billion yuan in total. He took a deep breath and said, “You may get to earn a lot from trading stocks and buying over sell-off stocks, but it’ll greatly affect the economy and everyone in the circle despises this method. However, it was the Xiao Family who broke the rules first and humiliated your father. What you managed to do this time, was to anger the Xiao Family and give them a warning. We’re warning them that as long as the Wen Family is provoked, we’d definitely resort to unscrupulous means to retaliate. However, we must think twice before making such moves again in the future.”
Wen Xinya nodded and said, “Grandpa, I understand that ethics is important when it comes to business and that we’d be despised if we use dirty tricks to harm our competitors, although it’d be acceptable if we’re dealing with those who harmed us first. It’s just paying them back in their own coin. An eye for an eye.”
Old Mr. Wen gave a nod of agreement and said, “You’re right.”
Old Mr. Wen recalled the time when he brought Wen Xinya home. He did not expect her to have grown so much in terms of maturity and wit in less than a year.
Wen Xinya said smilingly, “Grandpa, now that the Ai Shang Group is facing a stock market crisis, you should invest some funds into Ai Shang Group under the name of the Wen Corporation and make Ai Shang Group part of us. We can then revamp and re-brand Ai Shang’s products so that we’ll have a stable position in the luxury cosmetics industry. It’ll be a far-fetched idea for the Xiao Corporation to intervene again in the future.”
Old Mr. Wen asked in shock, “Were you the one who released the false news of Ai Shang Cosmetics’ products containing cancer-causing agents?”
He initially thought that she was just aware of the Xiao Corporation’s intentions of acquiring Ai Shang Group and that she knew how to make plans in advance. However, he did not expect that her plan didn’t just succeed by luck and that she had manipulated the circumstances as well.
He was inevitably frightened by her scheming plan.
It dawned upon him that bringing Wen Xinya home was the best decision that he had ever made.
Wen Xinya nodded smilingly and said, “The products from Ai Shang Cosmetics may be flawed because of the costs involved, but there definitely isn’t an issue with the quality. Don’t worry about that, Grandpa. As for the statements about there being cancer-causing agents in the products, they arose because one of the employees of Ai Shang Group was given the sack after embezzling the company’s funds to repay his gambling debts. Hence, he decided to spread the false news in order to take revenge on Ai Shang Group.”
“So your ultimate goal is to make up for the Wen Corporation’s lack in businesses in the cosmetics market,” said Old Mr. Wen, who felt as if he had just gotten to know his granddaughter even better. It was as if he could never find out enough about her. To his joy, she had already begun planning for the future and working hard to protect the Wen Corporation’s interests.
Wen Xinya said, “Grandpa, we must strike the iron while is hot. You just have to invest some funds in the Ai Shang Group. I’ve already arranged for someone to send the products from Ai Shang Cosmetics for a lab test. Once our plan succeeds and Ai Shang Group becomes a part of the Wen Corporation, I’ll publish the test reports to the media. By then, the identity of the retrenched employee will also be exposed. I think the Wen Corporation stock prices will continue to soar.”
Beaming with joy, Old Mr. Wen exclaimed, “Marvelous! You’ve done a terrific job this time. Due to the fact that we already have our own brand, acquiring another cosmetics company will aid us in expanding our business. If Ai Shang Group becomes our sister company, everyone is going to think that the Wen Corporation is expanding into the cosmetics industry. It’d do us well.”
Wen Xinya continued to pour him some tea smilingly.
“Every step of this plan of yours was made meticulously, from the moment you started collecting the Ai Shang Group stocks and flipping the stock market. The Xiao Family would never expect that the person who laid the trap for them is my granddaughter.”
Wen Xinya blushed shyly.
Old Mr. Wen asked solemnly, “However, who was the one who helped you attack the Xiao Family in the stock war?”
Just which genius could lead the Xiao Family into the trap and make the Ai Shang Group stock prices soar to a hundred yuan? He wondered.
Wen Xinya answered, “It’s an apprentice of my maternal grandfather. He was just bored and wanted to earn some pocket money.”
However, the money that Si Yiyan earned would be spent on her.
Old Mr. Wen suddenly realized that all of Wen Xinya’s friends and acquaintances were top figures of status and members of wealthy and prestigious families in the nation. The multi-talented Xia Ruya could not hold a candle to her at all.