"Knock knock!" Kinnapova dragged her tired body and knocked on the door of her best friend Meyasita's house. small says .

"Who?" asked Measita as she walked to the door.

"It's me, Jinnapova!" said Jinnapova leaning against the wall.

"Jinna, how did you make it like this?What happened? Are you alright?" Meyasita asked in surprise when she opened the door and saw Jinnapova's embarrassed appearance.

"I'm fine, just looking for a place to sit!" said Kinnapova as she walked through the door, leaving a bloody footprint on the carpet as she walked in.

"Oh my God, Kinna, your feet are bleeding, what the hell is going on? you have been robbed?" asked Measita worriedly.

"Sort of!" said Kinnapova, tired as she sat on the couch.

"Wait, I'll go get you some hot water to clean the wound!" said Measita.

"What the hell are you doing here, what do you mean you have been robbed, what have those people done to you?" asked Meyasita, distressed, as she cleaned Kinnapova's wounds.

"Don't worry, they didn't do anything to me! I was scratched by the stones on the road when I was running away, they just scared me a few words, scratched my clothes and bags to shut up, and didn't do anything else. Kinnapova explained.

"Well, but do you know who instructed these little rascals to scare you?" asked Measita.

"It's the director of the Geldarsky plant. Kinnapova said.

"But why did he do that, and you didn't offend him?" asked Measita.

"Because I discovered one of his secrets!" said Kinnapova.

"What's the secret?" asked Measita.

"Director Geldarski is systematically lowering the valuation of the company's assets and increasing the company's external debt. If this continues, our steel plant will be worthless, and we will have a lot of foreign debts!" said Kinnapova angrily.

"I don't understand why Director Gairdáski did this, and what good is it for him that the steel plant is over?" asked Meyasita, puzzled.

"Because the director of the Geldarsky plant wants to buy the part of the steel plant that belongs to the state at the lowest possible price! Only when the foreign debt of the steel plant increases, will the valuation of the steel plant be lowered. When the government puts the rest of the shares up for auction, Director Gairdsky will be able to buy them at a very low price. Kinnapova said with a wry smile.

"Even if the steel mill were to be sold cheaply, it would probably be worth millions of dollars, right? Where did the director of the Girdarsky plant get all that money?" asked Meyasita.

"In fact, we have a customer's deposit on the books of our steel mill, which is worth millions of dollars. However, instead of using the money to pay the wages of the workers or to settle the raw materials of other factories, the director of the Gairdsky plant lent the money to a company called Gaida in the name of high-interest loans! I secretly investigated and found that the company called Gaida was actually owned by himself, and then he used the money borrowed from the steel plant to buy privatization securities, and then after going through the government's prescribed "investment bidding" process, he bought a 10 percent stake in the steel plant. Kinnapova said.

Because this part of the shares, which can be subscribed to by anyone, is in the hands of the securities department of Kinnapova and her securities until it is sold, it is only then that Kinnapova discovers the fox tail of the director of the Geldarsky factory, and thus discovers his whole conspiracy.

"Oh my God, according to you, isn't Director Gairdski buying shares in the steel plant with the money of the steel plant?" said Meyasita, surprised.

"That's right, I reported it to our director when I found out about it, and then we went to the director of the factory together to question him! Who knew that as soon as I got off work today, I was threatened by a few hooligans. Director Geldarsky told me to shut up ......!" said Kinnapova angrily.

"And what are you going to do now? Are you going to listen to him?" asked Measita.

"No! I will not let Director Gairdsky's plot succeed, I will go to the government to denounce him. Kinnapova shook her head.

"As far as I know, Director Gairdski has a good relationship with the government, and it won't end well if we rush to the government to denounce him!

"But what else can we do? We can't fight Director Gerdarsky!" said Kinnapova helplessly.

"A friend I know is a journalist from the Daily, so let's go to him and figure out what to do! If Becker can help us get this matter in the newspaper, I'm sure the government will deal with Director Gerdarsky. Measita proposed.

The next day, Kinnapova and Meyasita found Meyasita's friend Becker, a journalist for the Chelyabin daily newspaper.

"Becker I have something important to tell you, it's big news, so we need your help. We want you to help us get this in the newspapers!" said Meyasita.

"What are you talking about?" asked Becker with immediate interest.

"Don't be afraid, Jinna, you say to him. Mayasita encouraged her friend.

"My name is Kinnapova and I am an employee of the Chelyabin Iron and Steel Plant. The other day I found out that our factory director, Geldarski...... He lured the management into handing over their shares to a fund he controlled, and massively increased the company's liabilities and lowered the company's valuation. The most extreme thing is that he does not pay the workers, so that they have no choice but to sell their stocks in exchange for the necessities of life......" Kinnapova began her story, and Becker carefully recorded all these things.

*****

Three days later,

"Editor-in-chief, why did you take down my article?" asked Becker as he broke into the editor-in-chief's office.

"The people of the city administration spoke, and this article about the Chelyabinsk steel plant could not be posted. The editor-in-chief said.

"Why can't we send it? This director of the Geldarsky factory is clearly stealing state property by doing this? We should expose him!" Becker asked angrily.

"You can't say that, after all, everything that Director Gairdsky does is in accordance with the law!" said the editor-in-chief helplessly.

"But he doesn't pay the workers, he does everything he can to take away their shares, and ......," Becker said.

"Becker, don't say it, I know what you said, I've read your article! But you must know that almost all entrepreneurs are doing this now, and we can't control everyone, even the people in the city government are also in league with them! Moreover, even our newspaper is now privatized, and if I send this article out, you and I will be fired!" said the editor-in-chief helplessly.

"What? Are we going to privatize our newspaper too?" Becker asked, shocked.

"Yes, so I won't let you publish this article, and even if I agree, the printing house won't print it for you! Now you can't say anything bad about privatization, you know?" said the editor-in-chief helplessly.

"Isn't there a single newspaper that dares to publish the news?" asked Becker, unwillingly.

"You don't dare to publish it in a domestic newspaper unless you can publish it in a foreign newspaper!" said the editor-in-chief helplessly.

*****

"Fortunately, I avoided this crisis! I want to thank you, my partner Jia Lei. If it weren't for you to help me say good things from the government, I would be finished!" said Jia Lei, the director of the Geldarsky factory, to Jia Lei on the other end of the phone.

"We are all grasshoppers on a rope, and it is not good for me for the steel mill to be exposed, you don't have to thank me. Jia Lei said with a headache.

"No, the impact of this incident is different for the two of us! The money you bought for the shares is legal, and once my embezzlement of public funds to buy shares is exposed, I may go to jail. In addition, you are a foreigner, and you can go back to your country for refuge no matter what mistake you make, but I can only stay here and have no way out. If it weren't for you, I'm afraid I'd really be in prison this time!" said Director Gairdowski gratefully.

Now the two of us already have 65 percent of the shares of the entire steel mill in our hands, and apart from the 15 percent of the shares in the hands of some people who have never been willing to sell, there are only 20 percent of the shares that the government is about to auction. Now is the most critical moment, we must not make mistakes!" Jia Lei advised.

"Don't worry, with me here to keep an eye on, you can't go wrong! Now that I've made the factory's debt very high, the steel plant is about to become insolvent. As long as I'm doing it twice, we can buy this steel mill without paying a penny. Director Geldarsky said proudly.

"You still don't want to do it, after all, you have been targeted by reporters now, and if you make any more moves, you will probably be caught doing bad things!" Jia Lei said with a headache.

"But if we don't do anything, we're going to have to buy this factory, I'm afraid it will cost a lot of money?" said Director Gairdsky, frowning.

After all, the Cheliyabin Iron and Steel Plant is a large factory with an annual output of six or seven million tons of pig iron and steel, and if I really buy it without spending a penny, I will definitely be suspected. Jia Lei said with a headache.

"Well, I'll listen to you, I've been waiting for the December auction without any movement lately!" said Director Gerdarsky.

"Jia Lei, the director of the Gairdsky, is not honest? He said on the surface that he wanted to partner with you, but in fact, he has been secretly buying stocks by himself, I'm afraid he wants to monopolize the steel mill by himself, right?" asked Pete with a frown.

"I knew he had ambitions, but I didn't expect him to be so bold, he dared to embezzle public funds to secretly buy stocks. No wonder I only bought 19 percent of the shares in a hurry, and it turned out that he secretly sold the other 10 percent of the shares to himself. I'll just say, with him staring, who can buy those stocks under his nose, if it weren't for the reporter to poke this matter out, I would have been kept in the dark!" Jia Lei knocked on the table and sneered.

"Then what do you want to do with him?" asked Pete?" asked Pete.

"It's impossible to be fired, after all, I can't run such a big steel plant by myself, but I can find him a rival!" Mr. Jia said.

"Find an opponent? What do you mean by that?" asked Pete, puzzled.

"You should know that the triangle is the most solid line in the world, so I hope that the future board of directors of the steel mill will also be a three-legged situation. Jia Lei said.

"But where are you going to find an opponent for Director Geldarsky?" asked Pete, puzzled.

"I have already chosen someone, after all, there are still many enemies of our dear director Gerdarsky! I plan to ask his old rival directly for help, so that when I oppose him in the future, Director Gerdarsky will not suspect me. I've kept 10% of the shares in the company from Director Geldarsky, and now it's time to give it to someone else. Jia Lei said proudly.

"Hey, is it Mr. Emmockton......" Jia Lei picked up the phone after saying this.

He made the call directly to Manager Imockton, the old rival that Gardowski hated the most.

Now that everything is in place for the steel plant, all that is left is Dongfeng owed, and Jia Lei only needs to wait until the government auction in December is over, and he will be able to completely get the Cheli Yabin Iron and Steel Plant.

*****

According to the Presidential Decree on Privatization in '92, all Russian iron and steel enterprises were fully privatized in that year, and the specific form of privatization was to first transform the iron and steel enterprises into joint-stock companies.

Then the state accounts for 20% of the shares of the iron and steel plant, and then 51% of the shares are distributed to the workers of the whole plant in the form of shares, and the remaining 29% of the shares are publicly issued to the public. The new leaders of the enterprise must be elected through the general meeting of shareholders!

Originally, according to this arrangement, the workers of the original factory would be able to control the steel plant with an absolute controlling stake of 51%, thus achieving the original goal of privatization and returning the steel plant to the workers and the people.

However, due to the politics of country E at that time, this privatization auction instead fulfilled certain oligarchs and managers of steel mills.

Due to the continued poor financial situation of the government, they had no choice but to auction off the remaining 20 percent of their shares in December.

****

It's only the end of September, three months before the year-end auction, and Jia Lei is still in Moscow during this time to buy a large number of privatized securities.

1 October 1992

After last month's experimental issuance of privatized securities, the Russian government officially announced.

Since October 1, 1992, each resident of the country has been granted a privatized security worth 10,000 roubles, which can be used to buy shares in enterprises, as well as to sell and give gifts.

The Russian government will begin auctioning companies in December, and privatized securities will be available until the end of June 1994.

8 October 1992

"The Krruble exchange rate has fallen again, you go and change the signboard outside. Now the official exchange rate of the ruble has fallen to 334 rubles per dollar, and we have to keep up. In addition, Hong Chen, you go and inform Xia Fatzi to increase our handling fee from 30%! If this handling fee doesn't rise, I will lose money!" Jia Lei instructed.