How can I justify myself as a Magnate if I don't indulge myself?-Chapter 570 - 262: The Officially Recognized Richest Person

"Of course."

After painting a picture for the employees, leaders, and general public, Gu Heng didn't forget to reinforce his vision with facts.

"While I was arriving at the reception hall earlier, a reporter asked me a question. He mentioned that a financial influencer named Hu Hansheng had sharply criticized our IDE Group, calling our business model unhealthy and devoid of profit points.

Now, I'd like to respond to the influencer's comments and the reporter's question.

As everyone knows, the financial industry needs capital support to grow and expand. For most private companies, financing is the only way to gain financial support...

But, once financing is sought, shareholding changes, and the promises I made earlier, based on IDE Capital being under my 100% control, might not be agreed upon by the new investors.

I believe everyone here understands the answer to this without me needing to explain further.

Therefore, I make this commitment today, no financing ever! IDE Group will always be an investment group with a core focus on serving the society, profits always coming second!

It's only been two months since the last time I personally injected 32 billion into it, and today, I will make another investment.

This injection is not for market expansion or company development but to solidify the base we have already built, striving to serve society better!

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The investment amounting to 100 billion will be transferred to the company's account the day after the establishment ceremony, which is tomorrow.

By September 1 next year, our IDE Group plans to build ten Grade-A public welfare hospitals and establish over fifty private high schools across the country. These high schools, operating on a non-profit model, aim at providing an educational environment for underprivileged students who have completed their nine years of compulsory education and struggle to continue benefitting from the national education safety net.

Furthermore, we will set up a professional construction team to go deep into rural areas and contribute to their infrastructure development!

I hope my answer sufficiently addresses the earlier question from the reporter. Now, can a 100 billion injection convince everyone that IDE Group can be a healthily developed people's enterprise?"

As Gu Heng's words concluded, the room fell into a profound silence...

After a few seconds, scattered applauds started to lead, gradually growing into thunderous clapping that filled the entire hall...

While he hadn't mentioned charity per se, every sentence spoke of philanthropy...

If Gu Heng truly develops IDE Group in this manner, exaggeration aside, this company would genuinely be a people's enterprise, without equal in its field...

And no one felt Gu Heng was merely making empty promises...

Nonsense...

Three top-tier magnates were sitting in the front row. If Gu Heng reneged on his words, wouldn't that be a slap in the face to these three?

Even if it's just an investment group worth a few hundred billion, let alone giants like Yunfeng Fund, Tencent Investment, and Gaoling Capital, they'd have to consider the combined influence of these three...

No wonder...

No wonder a simple group establishment ceremony could garner the support of these three magnates...

And it wasn't just Mr. Hua, Mr. Li, and Mr. Chu of that stature attending; even if several more prominent figures had come, the guests wouldn't have found it strange...

They even thought of IDE Group as an officially supported enterprise...

The applause continued for a full minute before gradually subsiding...

After finishing his impressive speech, Gu Heng, knowing when to recede into the background, bowed slightly to the audience and then stepped down from the podium...

Returning to the three magnates, they looked at him as if they were seeing him for the first time, staring intently until Gu Heng felt somewhat uneasy. Gu Heng couldn't help but speak first, "Leaders, did I say something to upset you?"

Li Wengu didn't respond to Gu Heng's question, staring into his eyes, he said, "Is everything you just said true? Don't tell me you were just riding on our coattails thinking we could protect you in the future. On the contrary, because we are here, the promises you just made carry significant weight! In the future, should you fail to fulfil them and face backlash, not only will we not protect you, but we will also be the first to take action against you!

So, if you have any other thoughts, now is the time to return to the stage and make a corrective statement. You have the chance to redeem yourself before the ceremony ends and the press release goes out, as there will be no regrets after that!"

Taken aback by this, Gu Heng then flashed a smile and lazily replied as he sat down, "Mr. Li, why do you think I'm merely flaunting rather than sincerely wanting to do this?"

Li Wengu was momentarily stunned, not knowing how to respond.

Mr. Chu, sitting beside him, spoke for him.

"Because what you've declared is too grand, too nebulous. Even within our system, with countless rules and regulations restraining us, there are still many who, for the so-called wealth, take risks. Let alone you, a businessman without such constraints. It's not that I have anything against businessmen, but as society develops, the ethical baseline for capital is getting lower and lower. That's the reality."