"It is not just that things are difficult; this commercial giant has effectively reached the point of sinking. It is said that Xu Jia has not appeared in the public eye for a long time."
Yan Huaili sighed. "Although I have had almost no dealings with Xu Jia, the legend of his history and the rise of Hengda are well known to all. Yet, who could have imagined that he would fall so rapidly? You must realize that just a few years ago, Xu Jia was crowned the richest man, and the name of Hengda was known from one end of the country to the other. More than a year ago, they made high-profile announcements about investing 200 billion in a super-project to develop the entire Outer Suburbs, which led the Lingnan provincial government to authorize the Jiangzhou city government to extend the subway line to Jinzhong Village, sparking a nationwide debate. Over the past two years, their extravagant spending in the new energy vehicle sector has also left the world stunned and breathless. Despite having no production vehicles on the market, Hengda Motors reached a market capitalization of over 600 billion on the stock market—it made countless people gasp at how crazy the world has become, and how crazy the name Hengda has become!"
"And yet, who could have thought that the once infinitely glamorous and arrogant Hengda Group would fall into its current state in such a short period of time!" Yan Huaili said, his tone filled with deep regret and lament.
Chapter 428