Two days later, the Shen Corporation ceased to exist.
In fact, the capital chain was broken, the management's decision-making was wrong, and a series of scandals had caused the Shen Corporation to go bankrupt before the shares were acquired by Longxing Logistics.
What the Shen family faced was not only the bankruptcy of the group, but also debts that far exceeded ten million.
Since Wen Wan had taken away half of Shen Ji's assets, the assets under his name, including gold and real estate, could not cover the debt at all.
As for Shen Xiuren and Xu Li, the former was facing jail time for embezzling tens of millions of the company's funds for illegal activities such as high-interest loans. The latter was suspected of intentional assault and was also sued. Moreover, the two of them tried to escape with the money and failed, so they were even more worried about themselves.
Therefore, part of the Shen family's debt naturally fell on Shen Xiyan's head.
