As soon as this news came out, it instantly pushed Pingjiang Electronics to the cusp.

All kinds of negative news sprung up, as if the building was about to collapse, causing panic among shareholders, causing the share price of Pingjiang Electronics to plummet off a cliff, and then it fell for a week, and the stock price was cut in half.

The crisis came so quickly that it caught people off guard!

The group's senior management dealt with it urgently, on the one hand, trying to appease the restless employees, on the other hand, raising funds to stabilize the stock price, but with little success, as the chairman of the group, Tang Minghao, had to run around for help, hoping to solve the urgent need.

And in the entire Donghai City, the people who can save him can be counted on one hand, among them, Shang Chengjun, chairman of Hongyuan International, is naturally the thumb.

This also explains why Tang Minghao frequently visits the door, even if he was slapped in the face by Shang Chengjun before, he didn't care, almost groveling.

Because the Shang family can save him!

Can save Pingjiang Electronics!

Yu Xuan touched his chin, not understanding what his grandfather thought!

Help it, but avoid it, don't help it, but keep people all the time.

According to him, his grandfather probably has his own abacus in his heart, Tang Minghao wants to borrow the salted fish of the Shang family to turn over, and then take off the skin first!

Luoluo quickly ran back: "Young master, he's gone!"

Yu Xuan jumped off the recliner and waved his hand: "Let's go watch TV!"

"I want to watch cartoons again!"

"Are you a young master or am I a young master?"

Yu Xuan reached out to knock her, but Luoluo hurriedly hid back.

Yu Xuan glared, and the little girl could only reluctantly walk over, and said with a bitter face: "Young master, you start lightly!"

Yu Xuan's fingertips flicked on her forehead, and she was immediately refreshed, and she covered her head with her hands, looking indignant.

However, before they could walk out of the garden, they saw Liu Yong coming in a hurry, and smiled at Yu Xuan: "Little master, the master called you to go to the study!"

"Grandpa is back? Did he see Tang Minghao?"

"See, we talked in the study for half an hour!"

"Oh!"

When Yu Xuan walked into the study, Shang Chengjun was sitting on the sofa looking through the documents.

"Grandpa, are you looking for me?" Yu Xuan smiled and walked over.

"Let's take a look at this first!"

Shang Chengjun handed him the document, and Yu Xuan opened it to see that it was an internal investigation data of Pingjiang Electronics, with the word 'top secret' printed next to it.

Yu Xuan read carefully, and explained in detail the process of Pingjiang Electronics from prosperity to decline, including institutional rigidity, lack of innovation, and serious corruption.

Of course, these are inevitable problems in the development of the group, just like the disease in the human body, it will not kill in a second, but will slowly corrode. The fundamental reason why Pingjiang Electronics suddenly broke out is actually Tang Minghao!

Three years ago, he succeeded as the chairman, regardless of the opposition of the group's senior management, resolutely carried out drastic reforms, which is like cooking oil on fire, Pingjiang Electronics, which was already surging undercurrent, suddenly detonated the oil under the bright spark of Tang Minghao, causing Pingjiang Electronics to set itself on fire, and then there is today's situation.

How did he do it?

Three years ago, Tang Pingjiang died, and his son Tang Minghao took over Pingjiang Electronics, when the internal situation was not good, the group's business continued to shrink, the market was squeezed, and profits declined year after year.

In order to change this situation, Tang Minghao, who has just been promoted to chairman, has embarked on his ambitious road of 'transformation'.

It is said that it is 'transformation', but in fact it is just a fire sale of assets, using equity pledges, selling subsidiaries, equity cash-out, etc., Tang Minghao sold many cumbersome industries under the group, and borrowed from major banks in exchange for huge amounts of cash, and then began the crazy expansion mode of 'buying, buying, buying'.

Through a series of actions, Tang Minghao has obtained tens of billions of funds, and has invested in many well-known enterprises such as Zhenghe Co., Ltd., newspaper media, UnionPay business, etc., and at the same time, he has also injected capital into Haining Real Estate, Yelin Hotel and other projects.

Not only that, Pingjiang Electronics has expanded its layout on a global scale, covering the world, which has made the group's assets explode in a short period of time, reaching a terrifying 200 billion.

During that time, Tang Minghao was really high-spirited, and he had a great sword to compete with him, and the shareholders also had high hopes for him, and some even shouted that they wanted to surpass Hongyuan International and become the new top ten giants in China!

It's just that behind the prosperity, Pingjiang Electronics owes high debts, and among the 200 billion assets, the liabilities are as high as 150 billion, of which 84.7 billion are bank loans alone.

Aside from these high debts, Pingjiang Electronics' hematopoietic capacity is obviously not ideal, and the quarterly operating profit has declined year by year, not exceeding 500 million yuan for three consecutive quarters, and it is only a pitiful 80 million yuan in the first quarter of this year. At the same time, the cash on the books has also fallen off a cliff, and now only 5.6 billion remains.

With poor hematopoietic capacity and high debts, Pingjiang Electronics' financial pressure can be imagined, and it had to lay off employees on a large scale to maintain operations, which led to employee protests.

Yu Xuan turned the last page, which showed that the loan contracts signed by Tang Minghao with major banks were about to expire, and more than 80 billion yuan of debts were waiting for him to be paid.

He smiled very unkindly, a little gloating, this guy relied on a mortgage to transform, which is tantamount to killing chickens and eggs, which can be called a strange flower in the world of looking for death.

Shang Chengjun put down the teacup and said: "Tang Minghao wants me to inject capital into Pingjiang Electronics, publicly announce the union of the two sides, with the golden sign of Shang's Group, he can stabilize the confidence of shareholders, and then stabilize the entire company." ”

Yu Xuan thought about it, I have to say that Tang Minghao's vision is very accurate, shareholders are sometimes very shrewd, sometimes very blind, the word following the trend is ancient and modern, once the formation of the 'potential', Pingjiang Electronics is very likely to survive this crisis.

"What are the conditions?"

Shang Chengjun didn't hide it from him: "5 billion to buy 10% of the shares of Pingjiang Electronics, if this is before, it is a big advantage!"

"What does Grandpa think?"

"Tell me what you think!"

Yu Xuan thought for a moment and said slowly: "I saw such a sentence in the book before, saying that it is better to be a chicken head than a phoenix tail!"

Shang Chengjun's eyes lit up, he sat up straight suddenly, and looked at him fixedly: "You really think so?"

Yu Xuan scratched his head awkwardly: "Is there something wrong?"

"Hahaha! That's right!"

Shang Chengjun's laughter spread throughout the room, obviously extremely happy: "I, a member of the Shang clan, just have a pride in my heart, I would rather be a chicken head than a phoenix tail!"

Yu Xuan smiled shyly, it seemed that he had been right.