Chapter 233: How Long Can the Shen Group Last?

"Mr. Shen, the latest news, Shen's stock is suspended today!" The next morning, Song Xinyan called Shen Yi and told him a bombshell news.

"What? How could trading be suspended? Shen Yi was taken aback when he heard this, Shen's stock has been very stable recently, maintaining around 13 yuan, and this suspension is really a bit sudden.

"Because yesterday there were media reports that the catering companies under the Shen Group used inferior gutter oil as cooking materials, which harmed the health of consumers, resulting in the temporary suspension of the shares of the Shen Group!" Song Xinyan said.

"Okay, I know, I'll fly back to Yanjing right away." Shen Yi put down the phone and immediately got on the noon flight and flew back to Yanjing City.

Shen Yi returned to the headquarters of Tengyi Electronics in Yanjing and immediately came to Song Xinyan's office to understand the reason for the suspension of Shen's Group's shares.

"Mr. Shen, take a look at this report." Song Xinyan took out a newspaper and handed it to Shen Yi.

Shen Yi took the newspaper and took a closer look, which reported at length that the reporter secretly visited the restaurant chain under the Shen Group, and found that the kitchen oil was all inferior oil with three nos.

As soon as this report was published, major media rushed to reprint it, especially Shen's Catering's competitors, who added fuel and vinegar to the hype, forming an extremely bad impact.

The catering institutions under the Shen Group are mainly engaged in fast food restaurants, and have long been committed to building a fast food leader in Huaxia to compete with foreign fast food such as KFC and McDonald's.

Once this report was launched, the negative impact was far-reaching, and Shen's Group was forced to suspend trading.

Shen Yi looked at the Shen Group's stock suspension announcement, which said: "The company's shares will be temporarily suspended from the opening of the market on July 12, because the relevant media have published reports that may have a greater impact on the company's stock trading price, and the company's shares will be resumed after the company verifies the relevant situation and clarifies the announcement through the designated media." ”

"Sister Yan, it seems that the Shen Group is in big trouble this time, it really happened to rain overnight, and the weasel bites sick ducks!" Shen Yi sighed.

"Yes, the core industries of Shen's Group are medicine and catering, and it can be seen from their actions recently that Shen's is trying to protect these two major industries, and the other marginal industries have all given up, and now I'm afraid that the catering position will also be lost." Song Xinyan said.

"Well, I suspect that this is a stumbling block secretly made by the competitors of the Shen Group, which is also called falling into the well! Now there are many restaurants with gutter oil, why did you choose to expose the fast food restaurants under the Shen Group? Shen Yi said in a deep voice.

Recently, the Shen Group has been looking for investors to make great efforts, ignoring food safety, which is the most concerned issue of the people, and it is reasonable for such a big accident to occur!" Song Xinyan said.

"Well, this is called accumulation, but our opportunity has also come, the more unfavorable the situation of the Shen Group, the greater the chance for us to annex it." Shen Yi smiled.

"Yes, but not if the situation gets out of hand!" Song Xinyan said worriedly.

"It's okay, hehe, I believe that the emaciated camel is bigger than the horse, Shen Zhentang, the new president of the Shen Group, is very capable, and he can still control the current situation." Shen Yi said in a deep voice.

**********

In the multi-functional conference hall on the twelfth floor of the Shen Building, the board of directors of the Shen Group is being held nervously, and the chairman of the meeting is Shen Kangnian, chairman of the Shen Group.

Everyone's face is ugly, and the quality problems that have recently erupted in Shen's catering have undoubtedly made the Shen's group in trouble worse.

Medicine and catering are the two core industries that Shen's Group is currently striving to protect, and now there is such a big problem in catering, if it cannot be properly solved, it will have a chain reaction and accelerate the process of Shen's Group's bankruptcy.

"Xiuqin, in this incident, your catering group must thoroughly investigate the source of inferior soybean oil, deal with the relevant responsible persons, and make a deep reflection, and solemnly promise to consumers to ensure that there are no quality problems!" Shen Kangnian stared at Shen Xiuqin and said.

"Well, I have an unshirkable responsibility for such a problem, and I have decided that from now on, all fast food restaurants under Shen's Catering Group will be comprehensively rectified, and all purchase processes will be subject to the supervision of the public." Shen Xiuqin has been in charge of the catering industry of the Shen Group for a long time, and she is a woman with a strong sense of dedication.

"No, I think in order to reverse the current unfavorable situation, the promise to consumers should be more specific." President Shen Zhentang's eyes were shining, and he said with a serious expression: "For example, the establishment of a rewarded reporting system, someone found that Shen's fast food restaurant used inferior soybean oil, once the report is verified, the whistleblower will be immediately given the corresponding reward, the amount can be set between 5,000 and 10,000 yuan, which can also show our importance to food safety, and release a signal to the outside world that we are determined to control the quality!"

"Okay, the specific plan, I will convene the middle-level and above leaders of the catering group to discuss it." Shen Xiuqin said.

In fact, the current problems encountered by the Shen Group are all due to a shortage of funds. Therefore, we also have to run in many ways to contact major consortia at home and abroad to obtain their funds and blood transfusions, which is the key to completely resolving the financial crisis. Shen Kangnian emphasized with a serious expression.

"Alas, I have contacted many consortia, and the other party is either not interested in our group, or the price is too high, if you agree to the other party's conditions, then the Shen group is in danger of being annexed by them." Shen Zhentang said.

"No! This time, we must learn the lesson of the last time the Qiao consortium became the owner of the Shen family, and would rather go bankrupt than hand over the control of the Shen family to others. Shen Kangnian said.

"My suggestion to let Shen Yi give a blood transfusion to the Shen Group, don't everyone agree?" Shen Zhentang glanced at Shen Zhenwei, who was sitting at the end, and said in a deep voice: "After all, he is related to our Shen family, in order to save the Shen family, I can transfer 3% of my equity to him, as long as he can give our Shen family a blood transfusion!" ”

"Let's wait for this matter!" Shen Kangnian's face was hesitant, he still regarded himself as the elder of a big family, and asked him to ask for financial assistance from the abandoned son of a family, which made him feel embarrassed, so he had been hesitant.

"Alas, is the so-called face really more important than the future of the Shen Group?" Shen Zhentang saw that everyone still couldn't make up his mind, and sighed in his heart.

**********

Two days later, the restaurant group under the Shen Group announced the results of an investigation into food quality problems, published the names of fast-food restaurants that had harmed the interests of consumers, and handed over the relevant responsible persons to the judicial authorities for handling. At the same time, Shen's Catering Group solemnly promised to consumers that it would implement a reward-based reporting policy from now on, and as long as it was found that the catering enterprises under Shen's Group had quality problems, once the report was verified, depending on the severity of the situation, a reward of 5,000 to 10,000 yuan would be obtained.

Although Shen's Group adopted a heavy-handed rectification method, when Shen's stock was reviewed the next day, it was still affected by this incident, and the stock closed the fall limit and closed at 12.01 yuan.

Nowadays, the people are paying more and more attention to food safety, but all enterprises with food quality problems will have a decline in performance, a big loss of vitality, and a complete closure.

Shen's Group is already riddled with holes, and there is such a serious quality problem, and the bad impact is difficult to eliminate in the short term.

Shen Yi asked Song Xinyan to continue to secretly buy Shen's shares from the secondary market, and the proportion of her holdings exceeded that of Shen Kangquan, striving to become the largest shareholder of Shen's Group.

After another month, Shen's stock fell to 10.20 yuan, and Shen Yi's secret holdings of Shen's group stock have risen to 18%, which is basically the same as Shen Kangnian.

In the afternoon of this day, after Shen Yi inspected the manufacturing base in Beishan District, he drove back to the Tengyi Electronics headquarters in Zhongcheng District, and when he passed by the Shen Building on Fuxing Road, where the Shen Group was located, he found that a group of people gathered at the door of the Shen Group, holding a large banner of protest slogans, the content of which was clearly written, and he wanted the Shen Group to ask for a salary, such as "I want a salary, but also to survive, and pay me back my hard-earned money for three months!" ”

"Protest against the Shen Group's layoffs for no reason! Denounce incompetent management! ”

When Shen Yi saw these slogans, he was secretly surprised in his heart: "The Shen Group has not paid wages for three months? It seems that the situation is getting worse and worse! ”

The former and current employees of the Shen Group who participated in the rally and protest were indignant, and the protest momentum was higher and higher, the door of the Shen Group was closed, and the security guards were on standby, and the scene was very tense.

After returning to the company, Shen Yi immediately went to Song Xinyan's financial office and asked her: "Sister Yan, now that the crisis of the Shen Group is getting more and more serious, according to your analysis, how long can the Shen Group last?" ”

"It's August now, and if there is no strong consortium to intervene, I don't think I can survive this year at most!" Song Xinyan said.

"Oh, how much money can you muster at the moment?" Shen Yi hurriedly asked.

"Some time ago, I spent 200 million yuan to buy 3% of the equity of Shen's Group from the secondary market, and now Tengyi Electronics and Tengyi Real Estate have a total of 500 million in liquidity." Song Xinyan said.

"This money is not enough, the second phase of the Tengyi New City project is planned to open at the end of the year, if there is a hot sales of the first phase, how much income can it bring?" Shen Yi asked.

"In addition to the two high-rise buildings can bring 200 million income, there are also surrounding supporting shopping malls and other service facilities, Tengyi Real Estate plans to take the situation of bidding, I expect to generate at least 300 million yuan, adding up to 500 million." Song Xinyan said.

(To be continued)