The Bai family's actions were primarily because controlling financial power was akin to controlling the ownership of the enterprise.
On the other hand, the Bai family also harbored some apprehension towards Ling Tian, hence their deliberate display of a particular stance.
However, as Ling Tian had predicted, real estate had become a sunset industry in recent years. Houses were no longer selling, and property prices were gradually declining.
The inability to sell houses severely impacted Baijin Real Estate's cash flow, leading to substantial debts owed to construction parties and suppliers.
Nevertheless, almost all developers were facing difficulties, and delaying payments to suppliers was a common occurrence.
As a result, in the past few days, nearly all suppliers had suddenly filed lawsuits against Baijin Real Estate.
They demanded immediate payment of hundreds of billions in goods and advance funds.
At this juncture, local media also began to exert pressure, reporting on quality issues in some of Baijin Real Estate's properties.
Before their family division, Baijin Real Estate had placed great importance on the quality of the residences they built.
However, after the division, Baijin Real Estate was handed over to the avaricious Wang Qingshan and Wang Yufei.
Upon gaining control of the enterprise, this pair of siblings, in their pursuit of greater profits, resorted to using inferior materials and cutting corners, leading to numerous serious quality problems in their properties.
Coupled with their severe withholding of payments to suppliers, many properties could not be delivered by the scheduled handover dates.
Even more audaciously, this sibling pair used fraudulent means, such as issuing fake invoices, to embezzle the homebuyers' advance payments from the escrow accounts. They then used this money to purchase stocks and futures, as well as various luxury goods.
However, they lacked the ability to dominate the stock and futures markets, and the billions of funds they misappropriated were quickly lost.
This matter was soon exposed, and the homeowners who had made advance payments were nearly driven mad upon hearing the news. These homeowners jointly initiated lawsuits, and the local media covered the incident extensively.
Baijin Real Estate was now facing a severe crisis. If they could not pay these hundreds of billions within half a month, they would face forced execution.
The Wang siblings, in their desperation, approached the bank for loans. However, after the news broke, their credit rating plummeted. Not only did the bank refuse to disburse the funds, but they also demanded the repayment of existing loans.
Even loan sharks were unwilling to lend them money.
In their helplessness, the Wang siblings once again approached Bai Guanghai, hoping the Bai family could inject some capital into the enterprise.
However, Bai Guanghai made an exorbitant demand, stating that he would provide the money, but only if the Wang siblings surrendered the majority of their shares in Baijin Real Estate.
Furthermore, Bai Guanghai declared that this money would be a loan from the Bai family to the Wang siblings, who would have to mortgage their family assets as collateral, and the interest rate on the loan would be extremely high, bordering on usury.
The Wang siblings were completely cornered. If the company went bankrupt, they would be liable for hundreds of billions in debt and could even face imprisonment.
Although they possessed some family wealth, even liquidating all their assets would not be enough to cover these debts.
Thus, the siblings, with their faces flushed, came to beg the old man.
"Heh, you've already divided the family, why are you still coming to me, an old man? When we divided the family, it was clearly stated that future business would be self-sufficient, and profits or losses would depend on your own abilities!
Besides, do you think I, this old man, am unaware of what you've been doing?
I've advised you on many of your actions more than once, but you've always been perfunctory, disregarding my words. Now that you've gotten yourselves into trouble, you want me, this old man, to clean up your mess!
This is a funding gap of hundreds of billions. Where am I supposed to get this money for you!"
The old man was speaking the truth. Since the family division, his eldest son, Wang Qingtian, had remained as obedient as before.
However, his second and third sons, along with his youngest daughter, had completely gone rogue and no longer paid any heed to the old man's words.
Moreover, the old man did not have that much cash on hand.
Although the Wang family's assets were considerable, much of it consisted of real estate, vehicles, and securities.
If it were a matter of a few billion in cash, the old man could have scraped it together. However, with a funding gap of tens of millions, even selling off all the Wang family's assets would likely not yield such a sum.
While many coveted the Wang family's assets, they now knew the Wang family was in trouble and desperately needed money, so they would surely try to extort them.
"Dad, isn't there Bing Tian Pharmaceutical? The market value of the pharmaceutical company has already reached tens of millions today!
As long as we mortgage the shares of Bing Tian Pharmaceutical, it will be easy to get a loan of ten million from the bank," said the youngest daughter, Wang Yufei.
Upon hearing this, Old Master Wang became furious. He slammed his palm onto the eight-immortal table, startling the pair of scoundrels before him.
"What are you thinking? Bing Tian Pharmaceutical is your elder brother's property. What right do you have to mortgage someone else's property for a loan?
The current achievements of Bing Tian Pharmaceutical are entirely due to Er Gou's prescriptions and the efforts of your elder brother and his family!
What right do you have to covet their possessions!"
"But, Ling Tian is already dead! He has no legal heirs, so our Wang family can completely operate to get those shares back...
Oh!"
"Slap!"
It was Wang Qingshan who spoke, but before he could finish, a teacup flew from the old man's hand, hitting him squarely in the face and causing him to stagger and fall to the ground.
The old man already knew about Ling Tian's plane crash. Such matters could not be hidden, and Old Master Wang watched the news every day.
Upon receiving this devastating news, the old man's heart was wracked with pain, and he almost died. He had only managed to calm his emotions with great difficulty in the past two days, and now this rebellious son had brought up this matter to anger him. How could he tolerate this!
"Get out, both of you, get out!"
"Dad, save us. If you don't help us, we will not only be ruined but also face imprisonment!"
Wang Yufei stepped forward, grabbed Old Master Wang's leg, and began to wail loudly.
The old man trembled with rage. However, at that moment, a servant suddenly announced that the head of the Bai family, Bai Guanghai, had personally come to pay his respects!
"Don't see him. Tell him to get out, as far away as possible!" the old man roared.
"Dad, you should still meet the head of the Bai family. Talk to him properly, and perhaps he can help us. Do you really have the heart to see your children in such dire straits?"
The old man hesitated.