The Gu Family faced consecutive upheavals; the company stocks kept falling, and the funding chain issue, which already existed, now expanded into an irreparable hole.
Mr. Gu had just been released from investigation; all the charges of bribery, manipulation of academic achievements through inappropriate relationships, and falsifying degrees were taken on by Gu Wenxuan alone. His degrees and certificates were canceled, and he was fined and sentenced to less than five years in prison.
And just as Mr. Gu arrived at the company to manage affairs, a slew of issues erupted, almost causing him to drop dead from anger.
The Gu Group was almost beyond salvation, with many top executives preparing to embezzle funds and flee, leaving Mr. Gu with nothing but a mess to deal with, and there were even several companies proposing conditions to acquire Gu Group.
Gu Mingde was furious beyond control and drove away all those who wanted to acquire Gu Group.
