The announcement was brief.
At 9:00 a.m., before the markets opened, a joint regulatory filing hit every financial terminal in the country.
Cheng Inc. would undergo strategic asset divestment and structural dissolution.
Not bankruptcy.
Not liquidation.
A controlled demolition.
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I. The Collapse That Wasn’t Chaos
Yiyai did not believe in explosions.
Explosions were emotional.
Explosions were unpredictable.
She preferred precision.
From her office atop Beichang Tower, she watched the live feed of market reactions. Analysts on financial news channels spoke in cautious tones. Phrases like “unprecedented restructuring,” “board-mandated divestment,” and “governance reset” floated across screens.
But insiders knew the truth.
This wasn’t a rescue.
It was a dismantling.
And every
