Pei Lin briefly talked about the shareholder meeting of Jiayue Department Store a couple of days ago. Zhao Feiyang listened attentively. From Tang Jingwei's recent series of actions, it was evident that he was cutting off a limb to survive.
After the regulatory authorities halted the attempt to have Jiayue Department Store purchase part of Huayi Medical Management Company's shares, everyone realized, even Tang Jingwei himself, that the future of Huayi was bleak. If the current debt restructuring for Huayi fails, bankruptcy and liquidation might be its only fate.
Jiayue Department Store is also a group controlled by Tang Jingwei, and for the moment, Jiayue Department Store is in a much better situation than Huayi.
Pei Lin said, "Tang Jingwei is trying to gradually transfer Changxing's shares under Jiayue Department Store."
