Chapter 49 HSBC is trapped(2/2)
Although many people were rescued and a large number of criminals were arrested, the leader was never arrested.
As soon as the news broke, angry citizens immediately started a petition, demanding that Hong Wengang be arrested and brought to prison.
The day after the Hong Kong Island news was published, the American media reprinted the news, and the news quickly spread.
The stock price of Yintianyuan Biotech showed signs of instability, with some selling as soon as the stock market opened.
However, the stock price was quickly stabilized by institutions, and there was no major fluctuation.
Yintian Biotech immediately issued a statement that Hong Wengang is not an employee of the company and has nothing to do with the company.
Our company has never participated in any illegal or criminal activities.
HSBC is moving aggressively, preparing to suppress bad news.
But soon another blow appeared in the afternoon, this backstab came from within Yintianyuan Biological Company.
An internal employee who wished to remain anonymous broke the news that Hong Wengang was indeed the president of the company, but he just resigned last week.
The company's shareholders had long discovered that he was a wanted criminal and forced him to transfer his shares and helped him escape to avoid police pursuit.
Internal employees provided some photos, and also took out photos of Hong Wengang during a meeting in the company, as well as the company email account that had not been deleted.
As soon as the news came out, Enron immediately announced that it would suspend its cooperation plan with Yintian Biotech.
The stock market reacted immediately, and stock prices began to fall.
HSBC, which had obtained controlling stake, was furious and immediately contacted the new president of Yintian Biotech.
Faced with the aggressive questioning, the new president said:
"Don't panic, this is just a technical adjustment."
Don't panic.
The directors of HSBC are quite panicked.
They spent a lot of money to acquire the shares of Yintianyuan Biotechnology. As soon as they became the largest shareholder, a scandal broke out in the company and the stock price dropped by 20%.
However, they were not aware of the crisis at this time and felt that the matter could be solved through public relations.
Just when Yinden Garden Biotechnology stated that they would actively cooperate with the police to capture the wanted criminals, their internal employees gave them another big job.
The first thing that broke out was the cloning project team. The key players involved in the project came forward to accuse Yin En Wilmut, the "father of sheep cloning", for deceiving the world and stealing his reputation. He was not involved in the project at all.
Then it was revealed by the company's internal researchers that Yin Wilmut's paper had been falsified.
Yintianyuan Biotech’s stock price began to plummet.
Multiple research institutions also stood up and issued statements that Yintian Biotech’s embryonic stem cell cloning paper was fraudulent and simply impossible to achieve with existing technology.
The stock price fell from thirty-five dollars to twenty-one dollars in a few hours, and it continued to fall.
Chapter completed!