Rebirth: The Ascent of a Socialite-Chapter 527 - 215: Su Qingzhang’s Madness (Part 2)
Shang Yin was also caught by surprise by the sudden news, looking as if he had been watching a joke unfold.
"Su Family went bankrupt?" The day really couldn’t have been more turbulent.
"Didn’t you say that you had already signed the share transfer agreement with Yan Wuxu?" Wen Maixue was still preoccupied with Pello’s earlier gaffe at the wedding banquet.
Even a blind man could see the flirtation between Pello and Su Ziceng. For Wen Maixue, who had always cared greatly about face, the earlier entanglement between Pello and Su Ziceng was equivalent to slapping her in the face, only more embarrassing.
The bankruptcy of the Su Family was also beyond Pello’s control. According to Pello’s plan, acquiring the Su Family was far more useful than letting it go bankrupt.
A grasshopper in the palm is much more interesting than a squashed one.
"I’ve said it before, that woman Yan Wuxu alone can’t control Su Qingzhang," Shang Yin was still making snarky comments on the side; after all, the Su Family had fallen into the hands of the Wen family, and for him, it didn’t matter whether this was good or bad.
How could the Su Family declare bankruptcy overnight? A starving camel is still bigger than a horse.
All of this became clear to Pello after he received the bankruptcy report from the Su Family.
The biggest asset under the Su Family’s name was the income from the coal mines, and the problem also lay there. The fifty thousand tons of coal sold at a discount to Mo City government by Su Ziceng, after being delivered to the port of Mo City...
...caught fire inexplicably while waiting to be transported in the port area. The blaze spread to dozens of ships and container equipment at the port. The destruction of the coal not to mention the substantial compensations directly led to the downfall of the Su Family.
The Mining Department, upon learning of this accident, ordered the seizure of several mines owned by the Su Family that very night.
The day after the incident, the bankruptcy notice of the Su Family, drafted by Su Qingzhang himself, appeared on the front-page headlines of Mo City.
"This move is really vicious," Shang Yin and Pello both agreed that there was something unusual about this incident.
"According to Yan Wuxu, the spots where the coal was stacked and the workers transporting it were all long-time employees regularly used by Su Qingzhang," Wen Maixue was enraged to see the Su Family, which seemed like a duck ready for the taking, slip away so suddenly, and she no longer cared about her usual dignified demeanor, "What good does it do that old lunatic to destroy the Su Family?"
"Better to be shattered jade than an intact tile, or perhaps, ’out of sight, out of mind,’" Shang Yin joked, "It seems the Su Family all share the same temperament." Su Ziceng’s gift of Red Love had a similar implication that day.
Pello pondered, "Things haven’t reached the worst stage yet, let’s hurry back to Mo City and find Su Qingzhang first, at least to avoid the ’Golden Coast’ project from being affected."
When they returned to Mo City, many people’s identities had changed.
Su Ziceng had even lost her title as the Miss Su after being driven out of her home. And Pello reappeared in Mo City with the warm welcome of government officials led by Mr. Fei, now as a foreign investor.
Su Qingzhang was missing.
Yan Wuxu and Fei Qing mobilized all available manpower and material resources, turned Mo City upside down, but still found no trace of Su Qingzhang.
Where could a bankrupt entrepreneur with an impaired ability to walk go? The same question also lingered in the minds of Pello and Wen Maixue, among others.
They had limited time on their hands; they must strip the Wen Family’s investment of billions in the Golden Coast project from the assets of the Su Family before the state-established bankruptcy liquidation group was formed.
Bankruptcy, for Yan Wuxu, who had never experienced it, meant that all of the Su Family’s immovable property and all assets under Su Qingzhang’s name were seized by the court.
This included Mrs. Yan’s apartment in the Fourth District, as well as the villa just named after Yan Wuxu, her several bank jewelry safe deposit boxes, and even the funds in her bank accounts were all urgently frozen and seized by the court.
Mrs. Yan moved out of the Fourth District and took all of Yan Wuxu’s siblings back to the Sixth District. No matter how much Su Ziceng pleaded, she refused to contact Yan Wuxu again. No matter how much Mrs. Yan chose to blind and deafen herself to external affairs, she could guess that Su Ziceng was driven out of the house and the Su Family’s bankruptcy were all orchestrated by her daughter. The daughter she raised for over twenty years had become a stranger she no longer recognized.
Thankfully, there was Fei Qing, or else Yan Wuxu would have ended up homeless. But Mr. Fei somehow caught wind that he was involved with Yan Wuxu, and was so angry he nearly had an outburst on the spot. After a scolding by Mr. Fei, Fei Qing came to her looking quite deflated.
