Chapter 450: Old fox Cheng Sheng'en is dead
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Beyond the passing time
The bodyguard looked back at his boss. Cheng Sheng'en waved his hand:
"Officer Cheng, what's the matter?"
Cheng Guohui took out an arrest warrant:
"Cheng Sheng'en, you are suspected of manipulating the stock trading price of Dade Huitong and engaging in insider trading between February and May 2012..."
Before Cheng Sheng'en could finish reading, he felt a twisting pain in his chest.
"Chairman Cheng! Chairman Cheng...!"
......................................
"Buzz buzz buzz, buzz buzz buzz."
Turning on the bedside lamp, Wang Lidong picked up his phone. The caller ID showed: Wu Di.
Here is the translation to English, preserving the original HTML tags:"Old Wu, what's the matter?"
"What? Dead!"
Wang Lidong instantly sobered up, never expecting that the old fox Cheng Sheng'en would actually die.
Hehe~~ With this, Cheng Feng, that second-generation rich kid who only knows how to eat, drink and have fun, has lost his protective umbrella.
"How did he die?"
"Sudden heart attack."
"What time is the flight tomorrow?"
"Okay, see you at the airport at 2 pm."
After hanging up the phone, Chen Bing, who was awakened by Wang Lidong's call, said:
"Shitou, who passed away?"
"Cheng Feng's father, Cheng Sheng'en."
Oh.
She had never even met this person. If Wang Lidong and Cheng Feng were still good friends, he would have said a few words of lament, but now...
"I will go to the airport tomorrow afternoon to pick up Cheng Feng. I should be back for dinner in the evening."
"Understood."
............
At a little past one o'clock in the afternoon, Wang Lidong arrived at the Beijing Capital International Airport and went to the international arrivals area.
Here is the translation to English, preserving the original HTML tags:"Xiao Meng, over here."
In the distance, someone stood up and waved. It was the chubby Fei Si.
"Fei Si."
"Lin Xia."
"Old Wu."
Wang Lidong walked up and greeted each one.
"What time does it arrive?"
Old Wu said:
"I checked, it's on time, 2:05."
Then he let out a deep sigh:
"It's too sudden, I'm worried that Crazy won't be able to handle it. Growing up without a mother, and now... sigh~~"
Here is the English translation with the original HTML tags retained:Fei Si gently patted Wu Di on the shoulder:
"He still has you, me, Xiao Meng, Lin Xia and so many other good friends... That crazy guy isn't as fragile as you think. I'm sure he can make it through this."
Here is the translation to English, preserving the original HTML tags:After some idle chatter, it was already past 2 o'clock.
"Crazy! Over here."
Wu Di waved excitedly when he saw Cheng Feng's figure.
Seeing Wu Di and Cheng Feng embracing, Wang Lidong thought to himself that Old Wu probably didn't know about Cheng Feng's current gender.
Here is the translation of the content to English, preserving the original HTML tags:But even if they knew, given their relationship, they should stick together through thick and thin... The more he thought about it, the more his mind wandered. Wang Lidong quickly slammed on the brakes...
"You madman, my condolences!"
Here is the translation to English, preserving the original HTML tags:"You crazy man, my condolences."
“......”
Wang Lidong grasped Cheng Feng's hand and shook it vigorously a few times, taking the opportunity to take a good look at him.
He had actually grown a beard.
He remembered this guy used to hate stubble the most.
Here is the translation to English, preserving the original HTML tags:Recalling some TV shows where eunuchs loved to put on fake beards...
"Cheng Feng, my condolences."
He didn't expect Wang Lidong to show up, but Cheng Feng was in no mood to dwell on the past now: "Thank you."
Next, everyone comforted Cheng Feng for a while and then went back to their respective homes, as the family still had to deal with the funeral arrangements for Cheng Sheng'en.
They also had no interest in going along to help, with the exception of Iron Magnet Wu Di, of course.
.....................
At Cheng Feng's home
Cheng Feng looked at his family's private lawyer and said:
"Lawyer Ma, why was my father arrested by the police? What exactly did he do?"
Lawyer Ma glanced at Cheng Feng and sighed:
"Someone reported that President Cheng has been illegally manipulating stock prices with private placement funds for the past three months!"
Cheng Feng frowned and said,
"I remember my father doesn't trade stocks."
"The stock President Cheng traded is called Dade Huitong."
"What nonsense, my father is the largest shareholder, and Dade Group is my family's company. Lawyer Ma, are you mistaken?"
Lawyer Ma said:
"Liang Junzheng and his team's power seizure can be said to have proceeded very smoothly, without encountering any resistance!
Because President Cheng did not confront them, but instead took advantage of the situation to reduce his holdings of Dade's shares by nearly ten percent."
"Reduced holdings by ten percent? Why didn't he tell me about this.
Here is the translation to English, preserving the original HTML tags:"Impossible, Dade is his life's work, he values it more than his own life!"
Cheng Feng felt that the more Lawyer Ma spoke, the more unreliable he sounded. If this person hadn't followed his father for more than 20 years, he would have stood up and kicked him out already.
Lawyer Ma took a deep look at Cheng Feng and said:
"In the past few months, Director Cheng's expenses have been quite high. He cashed out ten percent of his stocks, totaling 273,544,000 Hai coins.
Here is the translation to English, preserving the original HTML tags:The money was divided into two parts, one hundred million each."
Saying that, he took out a check and handed it to Cheng Feng.
"As for the other money, he said it has another purpose."
Cheng Feng understood immediately.
In recent months, the father and son have toured top hospitals all over the world, from the Four Seas Country to America, with expenses flowing like water... In other words, the cause of Cheng Sheng'en's death this time was his own doing.
Looking at Cheng Feng, who was in tears, Lawyer Ma helped him pull out a few napkins.
After Cheng Feng calmed down, he continued:
"Since this portion of the funds was cashed out early, and President Cheng had long ago transferred this 10% equity to your name, it luckily escaped the scope of asset freezing by the Public Security Bureau this time.
This can also be considered as President Cheng's foresight.
However, other equity funds under President Cheng's name, including this villa and three other properties, have all been temporarily frozen. As for when they will be unfrozen, it can only be decided by the people's court upon the application of the procuratorate and public security organs.
"Lawyer Ma, why did my father take the risk of doing this? Wouldn't it have been better to directly cash out the shares?"
Lawyer Ma adjusted his glasses:
"The reason I speculate is that the price of Dade's stock was too low, and the reason for that is Liang Junzheng and his group have been suppressing the stock price recently.
If President Cheng is eager to cash out, he will risk raising the stock price.
"Liang Junzheng!"
He used to think this person was not bad! If it weren't for this bastard, his father wouldn't have taken the risk.
"Lawyer Ma, I remember I have 7% of Dade's shares under my name, which haven't been frozen, right?"
"No."
"So now, with this 7% stake, can I get a position as a board director?"
Lawyer Ma nodded and said:
"This is definitely not a problem.
As long as a shareholder individually or collectively holds 3% or more of the shares, they can submit proposals to the shareholders' meeting, which means they have the right to nominate directors.
A shareholder of a listed company holding 5% or more of the shares can recommend a natural person to join the board of directors.
However, I'm afraid that if you go, you will be targeted by others, and it will definitely be very uncomfortable for you at that time..."
Here is the translation to English, preserving the original HTML tags:The former prince, second only to one person but above tens of thousands, if he were to enter Dade now, just the pointing and whispering behind his back would be enough to drink a pot....
"I used to be too comfortable. By the way, Lawyer Ma, tell me about the current situation with the company's equity."
The largest shareholder, Liang Jun, holds 31% of the shares.
However, among them, 18% are his own, while the remaining 13% are actually owned by someone else, but he holds them on their behalf.
You are the second largest shareholder now, Cheng Shao, with your own 7% and the temporarily frozen 10%....
I have 17% myself. If I can bring Liang Junzheng's allies over to my side, together it will be 32%. By then...
"Lawyer Ma, regarding the frozen shares and assets, approximately how long will it take for them to be unfrozen..."
After thinking for a moment, Lawyer Ma said:
"I will do my best to urge the court to make a decision as soon as possible. Given your father's situation, I reckon it won't take very long..."
Here is the translation to English, preserving the original HTML tags:Thinking of his deceased father, Cheng Feng said with a solemn face:
"Lawyer Ma, who reported my dad? Was it that bastard Liang Junzheng?"
Lawyer Ma shook his head:
"It's unclear at the moment, but he is the prime suspect."
Here is the translation with original HTML tags preserved:Cheng Feng thought to himself:
"Suspicion is enough."
"By the way, which police officer arrested my dad at the airport this time?"
Lawyer Ma looked at Cheng Feng, afraid he would do something foolish and go up against powerful institutions - no one who does that ends up well.
"Mr. Cheng, the cause of your father's death has been determined. It was caused by a myocardial infarction and has nothing to do with the police..."
Cheng Feng waved his hand:
"Lawyer Ma, I just want to know why my father had a heart attack at that time. I don't mean anything else."
Lawyer Ma nodded slightly:
"I'm not sure exactly who it is, but I will help you find out. By the way, Mr. Cheng, the police department has given you three days to clear out your belongings from this villa. After three days, you will no longer be allowed to live here..."
Cheng Fenghuan looked around the empty and cold villa, and said with reluctance:
"The house we've lived in for so many years..."
"Officer Cheng, what's the matter?"
Cheng Guohui took out an arrest warrant:
"Cheng Sheng'en, you are suspected of manipulating the stock trading price of Dade Huitong and engaging in insider trading between February and May 2012..."
Before Cheng Sheng'en could finish reading, he felt a twisting pain in his chest.
"Chairman Cheng! Chairman Cheng...!"
......................................
"Buzz buzz buzz, buzz buzz buzz."
Turning on the bedside lamp, Wang Lidong picked up his phone. The caller ID showed: Wu Di.
Here is the translation to English, preserving the original HTML tags:"Old Wu, what's the matter?"
"What? Dead!"
Wang Lidong instantly sobered up, never expecting that the old fox Cheng Sheng'en would actually die.
Hehe~~ With this, Cheng Feng, that second-generation rich kid who only knows how to eat, drink and have fun, has lost his protective umbrella.
"How did he die?"
"Sudden heart attack."
"What time is the flight tomorrow?"
"Okay, see you at the airport at 2 pm."
After hanging up the phone, Chen Bing, who was awakened by Wang Lidong's call, said:
"Shitou, who passed away?"
"Cheng Feng's father, Cheng Sheng'en."
Oh.
She had never even met this person. If Wang Lidong and Cheng Feng were still good friends, he would have said a few words of lament, but now...
"I will go to the airport tomorrow afternoon to pick up Cheng Feng. I should be back for dinner in the evening."
"Understood."
............
At a little past one o'clock in the afternoon, Wang Lidong arrived at the Beijing Capital International Airport and went to the international arrivals area.
Here is the translation to English, preserving the original HTML tags:"Xiao Meng, over here."
In the distance, someone stood up and waved. It was the chubby Fei Si.
"Fei Si."
"Lin Xia."
"Old Wu."
Wang Lidong walked up and greeted each one.
"What time does it arrive?"
Old Wu said:
"I checked, it's on time, 2:05."
Then he let out a deep sigh:
"It's too sudden, I'm worried that Crazy won't be able to handle it. Growing up without a mother, and now... sigh~~"
Here is the English translation with the original HTML tags retained:Fei Si gently patted Wu Di on the shoulder:
"He still has you, me, Xiao Meng, Lin Xia and so many other good friends... That crazy guy isn't as fragile as you think. I'm sure he can make it through this."
Here is the translation to English, preserving the original HTML tags:After some idle chatter, it was already past 2 o'clock.
"Crazy! Over here."
Wu Di waved excitedly when he saw Cheng Feng's figure.
Seeing Wu Di and Cheng Feng embracing, Wang Lidong thought to himself that Old Wu probably didn't know about Cheng Feng's current gender.
Here is the translation of the content to English, preserving the original HTML tags:But even if they knew, given their relationship, they should stick together through thick and thin... The more he thought about it, the more his mind wandered. Wang Lidong quickly slammed on the brakes...
"You madman, my condolences!"
Here is the translation to English, preserving the original HTML tags:"You crazy man, my condolences."
“......”
Wang Lidong grasped Cheng Feng's hand and shook it vigorously a few times, taking the opportunity to take a good look at him.
He had actually grown a beard.
He remembered this guy used to hate stubble the most.
Here is the translation to English, preserving the original HTML tags:Recalling some TV shows where eunuchs loved to put on fake beards...
"Cheng Feng, my condolences."
He didn't expect Wang Lidong to show up, but Cheng Feng was in no mood to dwell on the past now: "Thank you."
Next, everyone comforted Cheng Feng for a while and then went back to their respective homes, as the family still had to deal with the funeral arrangements for Cheng Sheng'en.
They also had no interest in going along to help, with the exception of Iron Magnet Wu Di, of course.
.....................
At Cheng Feng's home
Cheng Feng looked at his family's private lawyer and said:
"Lawyer Ma, why was my father arrested by the police? What exactly did he do?"
Lawyer Ma glanced at Cheng Feng and sighed:
"Someone reported that President Cheng has been illegally manipulating stock prices with private placement funds for the past three months!"
Cheng Feng frowned and said,
"I remember my father doesn't trade stocks."
"The stock President Cheng traded is called Dade Huitong."
"What nonsense, my father is the largest shareholder, and Dade Group is my family's company. Lawyer Ma, are you mistaken?"
Lawyer Ma said:
"Liang Junzheng and his team's power seizure can be said to have proceeded very smoothly, without encountering any resistance!
Because President Cheng did not confront them, but instead took advantage of the situation to reduce his holdings of Dade's shares by nearly ten percent."
"Reduced holdings by ten percent? Why didn't he tell me about this.
Here is the translation to English, preserving the original HTML tags:"Impossible, Dade is his life's work, he values it more than his own life!"
Cheng Feng felt that the more Lawyer Ma spoke, the more unreliable he sounded. If this person hadn't followed his father for more than 20 years, he would have stood up and kicked him out already.
Lawyer Ma took a deep look at Cheng Feng and said:
"In the past few months, Director Cheng's expenses have been quite high. He cashed out ten percent of his stocks, totaling 273,544,000 Hai coins.
Here is the translation to English, preserving the original HTML tags:The money was divided into two parts, one hundred million each."
Saying that, he took out a check and handed it to Cheng Feng.
"As for the other money, he said it has another purpose."
Cheng Feng understood immediately.
In recent months, the father and son have toured top hospitals all over the world, from the Four Seas Country to America, with expenses flowing like water... In other words, the cause of Cheng Sheng'en's death this time was his own doing.
Looking at Cheng Feng, who was in tears, Lawyer Ma helped him pull out a few napkins.
After Cheng Feng calmed down, he continued:
"Since this portion of the funds was cashed out early, and President Cheng had long ago transferred this 10% equity to your name, it luckily escaped the scope of asset freezing by the Public Security Bureau this time.
This can also be considered as President Cheng's foresight.
However, other equity funds under President Cheng's name, including this villa and three other properties, have all been temporarily frozen. As for when they will be unfrozen, it can only be decided by the people's court upon the application of the procuratorate and public security organs.
"Lawyer Ma, why did my father take the risk of doing this? Wouldn't it have been better to directly cash out the shares?"
Lawyer Ma adjusted his glasses:
"The reason I speculate is that the price of Dade's stock was too low, and the reason for that is Liang Junzheng and his group have been suppressing the stock price recently.
If President Cheng is eager to cash out, he will risk raising the stock price.
"Liang Junzheng!"
He used to think this person was not bad! If it weren't for this bastard, his father wouldn't have taken the risk.
"Lawyer Ma, I remember I have 7% of Dade's shares under my name, which haven't been frozen, right?"
"No."
"So now, with this 7% stake, can I get a position as a board director?"
Lawyer Ma nodded and said:
"This is definitely not a problem.
As long as a shareholder individually or collectively holds 3% or more of the shares, they can submit proposals to the shareholders' meeting, which means they have the right to nominate directors.
A shareholder of a listed company holding 5% or more of the shares can recommend a natural person to join the board of directors.
However, I'm afraid that if you go, you will be targeted by others, and it will definitely be very uncomfortable for you at that time..."
Here is the translation to English, preserving the original HTML tags:The former prince, second only to one person but above tens of thousands, if he were to enter Dade now, just the pointing and whispering behind his back would be enough to drink a pot....
"I used to be too comfortable. By the way, Lawyer Ma, tell me about the current situation with the company's equity."
The largest shareholder, Liang Jun, holds 31% of the shares.
However, among them, 18% are his own, while the remaining 13% are actually owned by someone else, but he holds them on their behalf.
You are the second largest shareholder now, Cheng Shao, with your own 7% and the temporarily frozen 10%....
I have 17% myself. If I can bring Liang Junzheng's allies over to my side, together it will be 32%. By then...
"Lawyer Ma, regarding the frozen shares and assets, approximately how long will it take for them to be unfrozen..."
After thinking for a moment, Lawyer Ma said:
"I will do my best to urge the court to make a decision as soon as possible. Given your father's situation, I reckon it won't take very long..."
Here is the translation to English, preserving the original HTML tags:Thinking of his deceased father, Cheng Feng said with a solemn face:
"Lawyer Ma, who reported my dad? Was it that bastard Liang Junzheng?"
Lawyer Ma shook his head:
"It's unclear at the moment, but he is the prime suspect."
Here is the translation with original HTML tags preserved:Cheng Feng thought to himself:
"Suspicion is enough."
"By the way, which police officer arrested my dad at the airport this time?"
Lawyer Ma looked at Cheng Feng, afraid he would do something foolish and go up against powerful institutions - no one who does that ends up well.
"Mr. Cheng, the cause of your father's death has been determined. It was caused by a myocardial infarction and has nothing to do with the police..."
Cheng Feng waved his hand:
"Lawyer Ma, I just want to know why my father had a heart attack at that time. I don't mean anything else."
Lawyer Ma nodded slightly:
"I'm not sure exactly who it is, but I will help you find out. By the way, Mr. Cheng, the police department has given you three days to clear out your belongings from this villa. After three days, you will no longer be allowed to live here..."
Cheng Fenghuan looked around the empty and cold villa, and said with reluctance:
"The house we've lived in for so many years..."