Chapter 596: Business War
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Hearing Zhao Yue ask whether the companies had defaulted, Anne said: "No, because there is such a thing in the company, they have the right to recover the payment in order to protect their economic interests." Pen @ fun @ pavilion wWw. ļ½ļ½ļ½Uļ½Eć ļ½ļ½ļ½ļ½
Zhao Yue nodded and said, "What about the downstream merchants?" Their unilateral termination of the contract should be considered a breach of contract, right? ā
Anne said: "Yes, it is a breach of contract for downstream merchants to terminate the contract before it expires, but even if they breach the contract, we will not get much compensation, and they have already paid for the goods and liquidated damages."
Zhao Yue couldn't imagine that Liu Chengkang would be willing to pay such a large amount of money, and those liquidated damages must have been given by him. At this time, the financial staff walked in with the materials and said, "Mr. An, all the accounts have been completed, and they are all here!" ā
Anne took it and looked at it, handed it to Zhao Yue, Zhao Yue stood up with the materials and said, "Let's go meet those people!" ā
Zhao Yue knew that generally speaking, if the payment deadline had not yet arrived, the supplier would not come to urge the payment, but now the situation is different, they obviously heard the rumors, and it is estimated that Anne's company will not last a few days and will cross over, so they hurriedly ran over to ask for money, if Anne's company really crossed, and their payment was also lost.
The two walked into the conference room and sat directly in the boss's position, and everyone quieted down when they saw them come in. Zhao Yue took the materials and said: "Now that the accounts on our side have been calculated, I will arrange someone to check with you, and if it is confirmed, we will pay immediately!" ā
The verification work went smoothly, and after all the checks were completed, the staff led them into the office one by one to receive their company's payment.
Zhao Yue asked the first person to come in to sit down, took out the check book by himself, and was about to fill out the check, this person quickly stood up and said: "Can this interrupt you, now I already know that your company has the strength to continue to perform the contract, so can this collection matter be stopped?" All you have to do is send the money within the prescribed time limit."
Zhao Yue stood up and stretched out his hand and said, "Thank you!" We also know that you are just protecting your own interests, and it is understandable that you come to collect money, and we can carry out further cooperation in the future! I said when I was at the door just now, this company was opened by my wife, I was afraid that she would be bored at home alone, so I paid some money to let her open a small company to play by herself, and she would never default on the payment, and the advance payment has been made to you, so that since you are here today, you will take back the follow-up payment, and our cooperation will continue, and I will ask you for more support in the future."
The man hurriedly stretched out his hand and held it with a smile on his face and said, "It should be, it should be!" In the future, I ask you to continue to take care of our business, so that tonight I will be the east, and you and your wife will have a meal."
Zhao Yue shook his head and smiled: "How can I let you invite you to dinner?" We should invite this meal, so let's invite you bosses to have a light meal at Binhai International Hotel at eight o'clock in the evening, and I hope you can enjoy it then! ā
The man hurriedly nodded and said, "Definitely, definitely!" ā
In one morning, Zhao Yue finally paid off all the arrears, and at the same time invited these people to Binhai International Hotel for dinner in the evening. After sending these people away, Zhao Yue and Anne walked to the reception room again, and at this time, the staff of the three banks had already taken the completed repayment procedures.
Zhao Yue took all the formalities and looked at them, and found that there was no problem, so he asked Anne to give them the checks separately and let them verify the authenticity of the checks.
After the three of them checked the check, they felt that there was no problem, and the middle-aged man with glasses said: "The check is no problem, Mr. An, if you need it in the future, you can also find our bank, your credit is still very high!" ā
Anne said, "Then let's get in touch again!" ā
After these people left, Zhao Yue called Fedello and asked him to book a few tables at the Binhai International Hotel to entertain guests in the evening.
Two days later, someone broke the news in the newspaper, saying that Yuhua Multinational Group had committed fraud in the financial statements just announced, and listed the contents of the fraud one by one, and it also said that Yuhua Multinational Group actually had huge losses, as soon as the news was announced, the shareholders who held the shares of Yuhua Multinational Group immediately blew up their nests, and sold their own shares of Yuhua Multinational Group, and the stock fell to the limit for two consecutive days.
The main difference between Huaguo's price limit system and foreign systems is that after the stock price reaches the price limit, it does not completely stop trading, and the trading at or within the price limit can still be carried out until the market closes.
During this period, Yuhua Group issued a statement saying that the newspaper report is absolutely dirty, the financial statements are true and reliable, and Yuhua Company does not have huge losses, Yuhua Group after the statement, said that they will withdraw funds to save the market, but before they entered the market, there are several huge shares of funds into the stock trading market, a large number of bulk goods are caught in the arms of these funds.
Yuhua Group hurriedly entered the market to buy idle stocks, and these huge funds competed against each other, so the stock fell for several days after the limit, and there was a limit for several days, and this time will continue to be extended.
The amount of these shares is huge, as if there is endless money, constantly pulling up the stock price at the same time, rushing to buy idle stocks, Yuhua Group's liquidity is a lot of trapped, want to sell stocks, and are afraid that the other party has absolute control of the equity after a large number of intakes.
In the study, Zhao Yue asked, "Old Fei, what's going on over there?" ā
Federo said: "He Wen's side has begun to attack fiercely, but now there are not many idle stocks in the stock market, and the two sides are in a stalemate!" ā
Zhao Yue sneered: "Then didn't Liu Chengkang give my wife's company a way out, and there are chasing soldiers behind?" Then let's give him a salary! ā
Federo thought for a moment and said, "I understand what the gentleman means!" Cut off their supply of raw materials! ā
"That's right! You do this matter personally, use the relationship when it should be used, and use the money when it should be smashed! In short, if they don't buy a little raw material, I see how his company is still running! After he cuts off the raw materials, you go to those dealers, no matter what, call him the advance payment first, if he Yuhua company can not deliver on time, you contact those dealers to jointly sue Yuhua company to court! How long does this take? ā
Federlow said: "It shouldn't take long, right?" It is impossible for Yuhua Company to hoard a large number of finished goods, and they don't have much liquidity now! ā
Zhao Yue nodded and said, "I guess they're not monolithic inside, right?" Find the smaller shareholders among them and see if you can buy their shares, in short, both at the same time! ā
"I see what the gentleman means! Once we cut off his raw materials, the stock market can be evacuated, and we should get a lot, in case we can't cut off their raw materials, we still have a hand to prepare is to acquire the equity of some people within them, so as to achieve the purpose of mastering the absolute controlling stake, and then convene the board of directors in the name of absolute controlling power to take over the control of Yuhua Company, and how to repair that Liu Chengkang at that time! ā
Zhao Yue smiled and said, "Not bad! That's what I thought! Go for it".
Federo said, "Yes, sir! ā
It is not so easy to cut off the materials of Yuhua Company, you must know that a large multinational enterprise, his raw material suppliers are definitely more than one, the world is so big, as long as the price is high, there is always a place to buy raw materials, Federo has been busy for many days and can't block the other party's purchase channels, but this also makes Yuhua Company lose a lot, they actually secretly put some stocks out to alleviate the problem of tight funds in their hands, but it doesn't matter, Zhao Yue is not what he lacks most, as long as he dares to put it, he dares to accept it.
Federo finally bought the equity in the hands of several minority shareholders of Yuhua Company! Under coercion and inducement, those people had to compromise, and these shares, plus the shares that He Wen bought on the stock market, exceeded 50 percent of the absolute controlling stake.
A few days later, Federo brought his lawyer to Yuhua in the name of his absolute controlling stake in Yuhua and asked for a board meeting.
The members of the board of directors of Yuhua Company were shocked, they could not have imagined that the other party already had an absolute controlling stake.
Under the absolute control model, other small and medium-sized shareholders actually lose their voting rights, and they are unable to supervise and have no intention of supervising. In this case, the majority shareholder will often induce opportunistic behavior, such as the parent company with absolute control using the listed company as an ATM and using related party transactions to hollow out the listed company. The pursuit of private gains by major shareholders will directly reduce the value of the company, thereby harming the legitimate rights and interests of other shareholders, and major shareholders may grab more benefits for themselves at the expense of corporate interests, which is also the disadvantage of absolute control.
At this point, the other shareholders of Yuhua Company can only accept their fate, the current chairman automatically leaves the chairman's throne, the company's affairs are decided by Federlo's words, Liu Chengkang is only the president of Asia, and his stay is only a matter of Federo's words, which is the real bottom of the kettle.
Afterwards, Fedello found a person with ability, experience and qualifications to be the chief CEO, and he was fully responsible for the operation of Yuhua Company.
In a teahouse, Liu Chengkang was brought to Zhao Yue by Federlow, and now Liu Chengkang no longer has the arrogance and self-confidence he had not long ago, the whole person is very decadent, and he has lost a lot of weight, his double yang is sunken, his eyes are bloodshot, his hair is messy like a chicken nest, the suit he wears is wrinkled everywhere, and a pair of leather shoes looks like he has just been fished out of the muddy water.
(To be continued)