After Transmigrating as a Wealthy Woman: Don’t You Dare Touch My Baby! [Quick Transmigration] - Chapter 8
The next morning, Zhang Qi woke up and tried to contact CEO Chen, only to find that he had been blocked.
While he was still reeling in confusion, the police arrived at his door.
“Mr. Zhang Qi, we received an anonymous report this morning regarding a criminal matter involving a restaurant yesterday. You are suspected of bribing a kitchen assistant in an attempt to drug a Ms. Zhong…”
Zhang Qi flatly denied the allegations, but the police appeared to have conclusive evidence. It didn’t take long before he was placed under criminal detention.
The news broke almost immediately, trending at the top of the entertainment headlines.
Furthermore, twenty-four hours later, more reports were filed with the police alleging that during his tenure as the CEO of Qiming Entertainment, Zhang Qi had repeatedly committed similar crimes against the artists under his management.
Over the course of two days, more than twenty incidents were reported against Zhang Qi. Every single report was anonymous, and every single one was backed by irrefutable evidence!
“Zhang Qi is finished. He messed with the wrong person and is in deep trouble now.”
This was the consensus among nearly everyone in the industry.
Simultaneously, a storm was brewing on the internet:
[SHOCKING! The boss of Qiming Entertainment is actually a pimp!]
[Is Qiming Entertainment a front for a prostitution ring? Half the celebrities in the industry have been victimized!]
[The Pimp Company and its Criminal Boss: The filth within the entertainment industry!]
News of Zhang Qi’s detention spread like wildfire. Artists signed under Qiming Entertainment were sent into a state of panic, rushing to social media and various forums to clarify that they had never been involved in any “pimping incidents.”
Of course, while they were quick to clarify, whether the netizens believed them was another matter entirely.
In just two days, Qiming’s stock price plummeted to rock bottom.
At that moment, All-Star Entertainment released an official notice:
— Regarding All-Star Entertainment’s upcoming acquisition of Qiming Entertainment and its voluntary commitment to purging the industry’s toxic culture.
As soon as this announcement went public, anyone with eyes began to spin conspiracy theories.
Could the mastermind behind the downfall of Qiming Entertainment be Long Ze, the boss of All-Star Entertainment?
Over the following days, Qiming Entertainment’s artists suspended almost all public activities due to the public outcry. While the police investigation was underway, All-Star Entertainment’s acquisition of Qiming’s equity proceeded in an orderly fashion.
“CEO Long, regardless of the circumstances, we hope you can raise the price a little higher,” several Qiming shareholders pleaded, their faces ashen. “For All-Star to acquire Qiming at a juncture like this… you are really making things difficult for us.”
After the scandal broke, the shareholders’ first instinct had been to remove Zhang Qi from his position as CEO. Although the stock price continued to hit new lows, they believed the public outcry was only temporary. They felt that if given enough time, Qiming could make a comeback.
However, All-Star’s forced acquisition of their shares at this moment put them in an incredibly humiliating position.
“Raise the price?” Long Ze’s face remained expressionless. He sat with his legs crossed, saying calmly, “What are you directors talking about? The share price is what the market says it is. If you are willing to sell, I will buy. If you aren’t, I have ways to buy from others. There are plenty of people currently desperate to offload their Qiming shares. You aren’t the only shareholders.”
Long Ze took a sip of tea and smiled thinly. “This isn’t really up for negotiation. As you know, All-Star doesn’t belong to me alone. I am merely an executive, a man doing work on behalf of my boss.”
Who doesn’t know your background, Long Ze!
The shareholders were fuming, but they didn’t dare speak up.
They simply couldn’t afford to offend him.
Anyone with even a slightly broad network knew that the power behind Long Ze was Little Star Real Estate.
Whether you worked in the entertainment industry or not, as long as you owned property in this country, you had to know what kind of entity the Little Star Group was. Little Star Real Estate was a family-owned enterprise; the person with the largest stake was Long Ze’s direct older cousin, and the Group’s Chief Executive Officer was Long Ze’s own older brother.
With such powerful connections, who would dare to go head-to-head with All-Star?
The shareholders looked at one another, seeing the grim expressions on each other’s faces.
There was no way around it; this trip had been in vain. Long Ze was not going to give these old-timers any face.
Qiming Entertainment… was truly finished.