THE FAKE HEIRESS AND HER FIVE VILLAINOUS BROTHERS

Chapter 85

This news was like a thunderbolt from a clear sky, leaving the 12-year-old He Ya in a daze.

The He Family had gone bankrupt?

How was that possible?

Just the day before, her family had eaten premium king crab, with ice cream and caviar for dessert, and even the tea was brewed from dew collected from bamboo stems - a single dinner cost tens of thousands.

Moreover, the He Family company accounted for 20% of the entire jewelry industry's market value, and had even been fined for excessive monopolization in the past. They were an undeniable century-old aristocratic family, so how could they go bankrupt overnight?

He Ya shouted, "You're lying! Really, Li Xin, you've been listening to Yuan Luoyi's nonsense and you dare to spout such a ridiculous lie!"

The surrounding students were startled, curiously looking over to find out what had happened.

Li Xin said, "I don't know the details, the corporate battle was too complex. Even my dad didn't explain it clearly."

"It seems your dad lost to Yuan Ao, the eldest son of the Yuan family, in a merger and acquisition deal. With fifty-fold leverage, he was wiped out overnight, and now the He Family company has 98% bad debts."

"Your dad has been placed under a consumption restriction by the court, effective from today. For the next month, he can only spend 3,000 yuan, with all other assets used to repay debts."

At the mention of the Yuan family, all the students automatically lowered their heads and dispersed nonchalantly.

They were somewhat frightened - in their eyes, Yuan Luoyi was usually silent and reserved, showing little reaction even when ostracized. He rarely acted, but when he did, it was never ordinary - the He Family had been brought down.

With the backing of the mysterious and powerful Yuan family, Yuan Luoyi was practically an inscrutable genius, whose emotions were completely inscrutable.

He Ya still didn't believe it, furious, "Impossible! You're absolutely lying!"

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Li Xin could only smile helplessly, "If you don't believe me, just look it up on your phone. This is a major news story - the He Family's industry is quite large, so their sudden bankruptcy has a big impact."

Disregarding the school's ban, He Ya took out her phone in public.

Entering the words "He Family bankrupt" and clicking search, a flood of news articles appeared.

The first was a news report that had already garnered over a million views.

The eldest son of the Yuan family, Yuan Ao, had just emerged from the stock exchange. Tall and slender, with handsome features and a somewhat sinister look in his eyes, he was bundled up head-to-toe despite the sweltering heat, striding forward.

He disliked exposure, but reporters swarmed around him, firing off questions one after another.

"Mr. Yuan, was defeating the He Family part of the Yuan family's development strategy?"

"Are you planning to enter the jewelry industry now?"

"We heard the Yuan family acquired all of the He Family's assets at 3% of their value, is that true?"

Yuan Ao didn't respond, retreating backwards as a group of bodyguards stepped forward to hold back the noisy reporters.

Approaching Yuan Fa, Yuan Ao said, "Your new sports car has been taken care of, go block the reporters."