In front of everyone, he had wanted to talk to Mu Yazhe about the Mu family's matters, but now, with that casual remark, he was silenced. It was extremely embarrassing!
Even after Mu Yazhe and Yun Shishi walked away, Mu Linfeng still could not catch his breath. He sat in his seat with a livid expression.
So this kid's wings had hardened and he now even dared to refute his uncle!
He thought this, despite the fact that back then, he was the one who had racked his brain for a way to drive Mu Yazhe out of the Mu family. At the time, he had been merciless and now, any hopes to receive any benefits from Mu Yazhe would have been futile!
Sharing the same banquet table were the directors of several multinational financial groups. Upon observing this, they smiled and said, "Second Mu, it's CEO Mu's big day today. What business matter do you have that cannot wait for another day?"
"Could it be concerning the Mu Group's recent funding issues?"
Wang Qianshi, the director of the Shenghua Financial Group, laughed and said, "A while ago, I heard from my assistant that someone from the Mu family came to look for me. Second Mu, is it because of this matter?"
"He he! How could the Mu family have funding issues?" Even the other man, whom Mu Linfeng was not familiar with, was able to stand on equal footing with Wang Qianshi. That man smiled and added, "Chairman Wang, have you been out of the country for so long you've lost touch? Don't you know the Mu family is the richest family in the capital. The financial group manages billions in assets. How could they have funding issues?"
Mu Linfeng was dumbfounded. He held back his frustrations, having nowhere to vent them.
That's right!
The Mu Group was indeed rich and powerful in the past. They managed finances of hundreds of millions of yuan, and they had been glorious in their heyday.
But these funds were all controlled by a few directors of the organization!
When Mu Yazhe left, the shareholders quickly withdrew their shares and joined Shengyu Group with their assets worth hundreds of billions. And although Mu Group had an established reputation, only Mu Linfeng knew the true current state of things!
It was already considered good enough that the Mu Group had a capital of several billion!
The company had accumulated significant bad debts!
There were many assets under his name that were waiting to be financed. However, there was a shortage of funds. And each day of delay on a project would increase their losses by tens of millions. At this point, they were deep in debt and could not cover expenses!
Now, he could only rely on the medical industry to sustain, but even then, he had no idea how long they could last!
Many of their projects had become undesirable assets and had been forcibly acquired by the country.
The glamor of the Mu family was but superficial now, and its wealth an illusion. People were not aware of how tough it was for Mu Linfeng to maintain this reputation!
However, he could not give in and much less allow news to spread that the Mu Group was no longer what it was in the past. If that were to happen, the few remaining shareholders who had been guarding the Mu Group would surely retreat, when they saw that the Mu Group was no longer in power!
In the past, Mu Yazhe was the one who drove the board meetings where they would discuss investments and development of various fields.
But now, apart from constantly reporting bad debts, Mu Linfeng had to rack his brain to reassure the anxious directors and chart an ideal investment direction for them.
However, no matter how ideal the blueprint seemed, it was just empty talk!
The Mu Group's glory days were truly over!
Mu Linfeng had once thought if he should just shamelessly invite Mu Yazhe back to take charge of the situation!
However, he could not bring himself to do so. More than that, he did not dare to act rashly for fear that Mu Yazhe would become ambitious and swallow the Mu Group in one fell swoop.
If that were to happen, he wouldn't even have a place to mourn his own death.
