Chapter 2556: Mother and Son Facing the Same Enemy (5)
Translator: Atlas Studios Editor: Atlas Studios
“Waaaah!” The boy’s eyes glinted in excitement as he clapped his hands, cheering, “Bravo, mommy! That’s marvelous! Go teach this wicked woman a lesson!”
He then glanced at the tear-streaked woman and snorted. “Weren’t you feeling very smug and proud earlier? Your father is merely an Italian-Chinese entrepreneur, whose business is barely hanging in there ever since that financial crisis five years ago. Based on how he’s making a loss every year, your family’s glory won’t last long and you, the so-called missus of a prestigious family, will soon turn into a pauper in a few years’ time!”
Rong Xuan stiffened at that. She cast an oblique look on the boy, her eyes widening in disbelief, as she asked with trepidation, “…H-How did you know that?!”
He cocked a brow and answered carelessly, “Why wouldn’t I? Oh, I also know that, even though your father remains a well-known entrepreneur on the surface, his business, because of a faulty capital chain, has undergone a few failed rounds of financing. He didn’t even manage to get much financing in Round A. Hmm… I wonder how long more can his debt-ridden company survive for?”
Shock robbed the woman of her speech.
As Youyou slowly scanned her face, he suddenly smirked, then added, “As for your mother… Are you really so naïve to think that no one would know how much price she had paid just to climb to her current position? Hah! The political world has always been fraught with dirty and shady dealings. Your mother has had such relations with countless political dignitaries in order to come this far.”
Meanwhile, the young lady was in a state of consternation, for what the boy said were all facts.
The Rong Group used to be an influential enterprise in Italy and even made impressive results in the New York Stock Exchange ten years ago. The Chinese-owned enterprise held a certain level of prestige in this country itself!
Alas, the physical industries had been hit hard by the financial crisis five years ago, and this naturally included the Rong Group.
Back then, the company was on the brink of bankruptcy, with many investors pulling out their investments. They only managed to salvage the situation by selling off their family assets to invest the money into the company and make up for the shortage of funds.
Their revenue, however, could not cover their expenditure, and their profit and loss statement was tragic. They were losing hundreds of millions by the year and they had almost sold off all of their family assets, but there was no turn for the better.
What was even more frightening was that the Rong Group today was heavily in debt.
The banking industry held a rather pessimistic outlook for the Rong Group’s future. Their newest round of financing, which was worth just several million, was as good as nothing.
By the looks of things, it would only be a matter of time before their company wound up folding.
This was also part of why she was so enthusiastic and delighted to meet Mu Yazhe again.
She was hoping that, even if things did not work out well between them, she could at least borrow some of the Mu Group’s resources to help her family’s business tide over this critical period.
As for what Youyou had mentioned about her mother…
She was too ashamed to even talk about it.
The only reason she managed to work in the embassy was entirely through her mother’s connections—connections that the latter amassed through dirty dealings.
The political world was dark and dirty, and one had to resort to all means in order to climb up to a higher position.
Nevertheless, these were inside secrets!
Outsiders had no idea about them, so what more of a young, little boy?
Did Brother Zhe look into this matter?
Even so, there’s no reason for him to share his investigation with his seven-year-old son!