Chapter 149 Letian Group admits defeat and compensates, and withdraws from the Longguo market
Xin Xiangdong paid a huge price to fight against Yang Chen. The cash used to increase his stock holdings alone cost about 5 billion eagle coins. Moreover, the branch in Sakura Country is still competing with him for his orthodox status. Now let him surrender immediately. How could he be willing to accept any conditions offered by Yang Chen?
"Mr. Mather, I respect you, and I ask you to respect me. I have paid such a heavy price, and if you ask me to surrender, I will surrender. Then who will bear my losses? Shouldn't you be helping me? Why? Are you helping Yang Chen to force me?" Xin Xiangdong asked.
John Mather immediately replied: "Yang Chen shorted the two companies we controlled, and we spent 6 billion eagle coins to increase our holdings to no avail. Most of our wealth is in these two companies, and we don't want to see our wealth It’s shrinking a lot every day. Got it?”
Xin Xiangdong said angrily: "Oh, you don't want to see your wealth shrink, so you ask me to shrink my wealth? I originally expected you as a shareholder to help me at a critical moment, but I really didn't expect you to be so helpless. Lower limit.”
John Mather angrily scolded: "Fake! Don't be shameless when you step on the horse. I'm calling you now to tell you carefully. You'd better obey me and don't force me to use stricter means to make you obedient!" I won’t see your announcement before the Shouer stock market opens tomorrow, just wait for me!”
John Mather immediately hung up the phone, and then told his friends what Xin Xiangdong said.
The friends were furious when they heard this, and they all said that they must teach Xin Xiangdong how to behave.
On the other side, Xin Xiangdong was so angry that he smashed the phone and scolded John Mather and other key members of the Cleveland consortium one by one.
Soon, the Shouer trading market opened.
Xin Xiangdong was quite stubborn and did not issue an announcement to admit defeat.
John Mather and others immediately contacted the Bald Eagle Business Department. They wanted Xin Xiangdong to know who was the father and who was the son.
As we all know, Bald Eagle is a country controlled by capital. Both the Republican Party and the Democratic Party have consortiums behind them. These consortiums determine who of the two parties can govern, and the agents they elect will feed back these capitals after they take office.
Ohio, where Cleveland is located, was originally a swing state, but in recent years it has become a Republican territory, in which the support of the Cleveland consortium played a key role.
So now the Cleveland consortium only needs to make a phone call to the Commerce Department and their demands will be met.
Bald Eagle is not soft-hearted when dealing with Nanbang, not to mention Letian, even if Sanxing is disobedient, he will do the same.
Bald Eagle's Ministry of Commerce issued an announcement to impose a 500% tariff on all foods of the Letian Group from now on. It also restricted the use of Letian's credit cards at Bald Eagle's home. It also imposed comprehensive sanctions on Xin Xiangdong and his family members and froze their use in Bald Eagle. All wealth.
As soon as the announcement came out, Xin Xiangdong was so angry that he fainted on the spot.
Shareholders of other companies will find ways to help the major shareholders fight against the enemy. However, Letian's two major shareholders, Shuyin Group and Cleveland Consortium, help the enemy fight against the major shareholders. Who can reason with this?
Xin Xiangdong was unconscious, but someone had to do the work, so his son Xin Quanyou was pushed out by shareholders and executives and made him the acting president to preside over the overall situation.
With his father's tragic experience right in front of him, Xin Quanyou didn't dare to fight against the Cleveland consortium.
Yang Chen was watching a movie on the computer with Chen Xi in his arms, when Xin Quanyou called him.
Since Yang Chen's hands were busy with Chen Xi, the considerate Chen Xi quickly picked up the phone and put it to Yang Chen's ear.
Xin Quanyou introduced himself, and then said directly: "Mr. Yang, I'm sorry. I apologize to you on behalf of my father. We immediately issued an announcement to clarify the conflict between us. All responsibilities are on our side. Please bear with me, Mr. Yang." .”
Yang Chen asked with a smile: "Can you make the decision?"
Xin Quanyou immediately said: "I am now the acting president of Letian Group, and I can make the decision!"
Yang Chen said: "Okay! Since you can make the decision, let me tell you. In addition to issuing an announcement and taking all responsibilities, your retail business has also completely withdrawn from Longguo, and you have voluntarily compensated me and Sihai Group for a total of 10 Billion Eagle Coin, these must be clearly stated in the announcement, and I will end shorting the companies controlled by Letian and the Cleveland Consortium.”
The reputational damage of 1 billion eagle coins is no different from robbery. Logically speaking, no one can accept such a high reputational damage fee.
but!
If compared with the lost market value, or even compared with the lives of the two of them, these 1 billion eagle coins are not worth mentioning.
If the Cleveland consortium's wealth falls, they will not dare to come to the Dragon Kingdom to assassinate Yang Chen, but they 100% dare to kill Xin Xiangdong and even his family.
Xin Quanyou quickly said: "I need to discuss the reputation damage fee of 1 billion eagle coins with everyone. Please wait a moment, Mr. Yang. I will call you after I confirm it. Okay?"
Yang Chen smiled and said: "Okay! I'm not in a hurry, you can discuss it slowly."
Xin Quanyou quickly hung up the phone and ordered his secretary to notify the group executives and major shareholders for a meeting.
At this time, Sanxing Chairman Li Zailong called Xin Quanyou.
Li Zailong said straightforwardly: "Nephew, don't be afraid, we will work together to deal with Yang Chen. If you need help, just ask, I will do my best to help you."
Xin Quanyou said immediately: "The Cleveland consortium forced us to surrender. Yang Chen asked us to withdraw from the Dragon Kingdom market and compensate him for reputational damage of 1 billion eagle coins. I really don't know what to do now."
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Li Zailong comforted him: "Don't be anxious, and don't be scared by the Cleveland consortium. This is South Korea, and we are an important chaebol family. No matter what they do, they don't dare to do anything to us. They are just scaring you, we If something happens, the government and the people will never let them go.”
Xin Quanyou didn't speak, and Li Zailong continued to encourage: "Really, listen to me, I will always stand on the same front with you."
Xin Quanyou sighed, and then said: "Okay, I understand. Then hang up, I still have a meeting."
Li Zailong just wanted Letian Group to share Yang Chen's firepower. He was worried that Yang Chen would go all out to deal with Sanxing and he would be unable to withstand it. It would be easier with Letian sharing the firepower.
However, Xin Quanyou is not a fool. He will not be fooled by Li Zailong with just a few words. This matter has to be decided by the executives and shareholders, and he will not make it easily.
Soon the executives and shareholder representatives arrived. Xin Quanyou held a meeting for everyone and told everyone the conditions proposed by Yang Chen. He hoped that everyone could express their opinions.
Executives and shareholders expressed their thoughts.
"We don't have the capital to bargain now, so we can give him as much as he wants. However, this money needs to be paid by your Xin family, not the company's money."
"That's right! After all, it's your cousin who caused the trouble, and you should bear it. The company's money can't be used to wipe your ass."
"Don't waste any more time, otherwise the Bald Eagle family's sanctions will take effect. Solve the problem quickly so that the Cleveland Consortium can communicate with the Bald Eagle Ministry of Commerce to revoke the sanctions order."
……
Xin Quanyou was reluctant to take out 1 billion eagle coins to compensate Yang Chen. He decided to go to the hospital to see if his father could wake up. It was up to his father to decide what to do, so as not to take the blame.
This was a day of waiting. In the evening, the Bald Eagle stock market opened. The share prices of Republic Steel Group and Firestone Rubber Group both fell. One fell by 8%, and the other fell by 10%. Compared with Yang Chen’s short position, the stock price had already fallen. More than 55%.
Members of the Cleveland Consortium were furious, and Secretary General John Mather called Xin Quanyou.
"Fake! What on earth do you want to do? Why haven't you resolved the grudge with Yang Chen yet?" John Mather roared angrily.
Xin Quanyou quickly explained: "Yang Chen asked for 1 billion eagle coins in compensation. I don't dare to make the decision on such an important matter. I'd better wait until my dad wakes up."
John Mather immediately said: "Farke! Did you ruin your brain by eating pickles? Do you know how much we will lose if you delay one more trading day? That 1 billion Eagle coins is nothing! You agree to Yang Chen’s request immediately, and we will take 1 billion eagle coins from your frozen assets to compensate him! Don’t waste any more time, or I will kill you!”
Xin Quanyou couldn't cope with this situation at all, and John Mather scolded him until he didn't know what to do.
After John Mather hung up the phone, he called Yang Chen again.
"Mr. Yang, I am here to take the decision to extract 1 billion eagle coins from the frozen Xin family wealth to compensate you. You should stop shorting our company immediately. Please, please." John Mather requested.
Yang Chen said with a smile: "That's definitely not possible! What do you mean by transferring it to me from their account? Do I steal their money with you? If he likes to give it, even if he doesn't, I won't do it anyway. Not that much money short.”
John Mather said quickly: "I'm begging you, Mr. Yang, I'm begging you, really. Our wealth has dropped by more than half. If it continues to drop like this, we will lose our status in the Bald Eagle Country." ”
"That has nothing to do with me. Who asked you to invest in Letian Group?" Yang Chen said with a smile. John Mather immediately asked: "Then let's sell Letian's stocks immediately and draw a clear line with them. Don't embarrass us, okay?"
Yang Chen laughed loudly and said: "What do you think? The purpose of shorting you is not to make money... Well, the main purpose is not to make money, the main purpose is for you to force Letian Group to surrender. It's useless for you to sell Letian stocks , because your task has not been completed, it is impossible for me to end the short selling of the two companies you control. I am still holding on to it. If they still don’t admit defeat, I will short the other companies you invest in tomorrow night and let your wealth go. Continue to shrink.”
John Mather immediately said: "No, no, no, no, I will immediately urge them to do what Mr. Yang said!"
"That's right! If they delay for a day, the compensation will be doubled. My personal reputation will suffer a loss of 1 billion eagle coins, and the Sihai Group's reputation will suffer a loss of 1 billion eagle coins. If they continue to delay, the damages will continue to double." Yang Chen said.
John Mather quickly said: "Understood! Understood! I will contact them immediately!"
Yang Chen really doesn't want to waste time on Letian. Now he just wants to have a good competition with the Li family of Sanxing, so he wants to put more pressure on the Cleveland consortium and use them to force Letian Group to surrender quickly.
John Mather called Xin Quanyou again. As soon as the call was connected, he cursed: "Don't waste any more time. Yang Chen now wants compensation of 2 billion eagle coins. He also said that if you delay for one more day, the compensation will be It’s going to be doubled! Fake! Do what he says, do you hear me?”
Xin Quanyou still did not dare to take responsibility and said: "I think my dad may wake up at any time. When he wakes up, it will be up to him to make the decision."
"Farke! You son of a bitch, you forced me to do this!" John Mather roared angrily and immediately hung up the phone.
John Mather made a phone call to Nanbang Country and ordered: "Hit Xin Quanyou with your car, please give me a warning, don't really kill him."
Check out the 16-9 book bar to see the correct version!
Late at night, Xin Quanyou came out of the hospital. As soon as he walked to the side of the road and waited for the driver to drive over, a Bald Eagle military vehicle hit him. Fortunately, he reacted quickly enough to avoid it, otherwise he would have been killed here.
"Axi..." Xin Quanyou roared angrily, but when he saw a white bald eagle sticking his head out and smiling at him, he suppressed the words that came to his lips.
The driver smiled and said: "Hi! Xin Quanyou, you have to be obedient. This is a warning to you. If you don't obey again, you won't have such good luck next time. I think you should understand what I mean. Yes. Right? Haha..."
The driver laughed, sat back and drove away.
Xin Quanyou was frightened. He quickly got up and called his secretary.
"Come to the company immediately and work overtime. I have an announcement that I need you to write." Xin Quanyou said, his voice trembling.
Early the next morning, Letian Group issued an announcement.
The main contents are as follows:
First, the conflict between Letian Group and Sihai Group was completely provoked by Park Sang-woo, President of Letian Group’s Longguo District. Yang Chen and Sihai Group were the victims, and Park Sang-woo and Letian Group bear all the responsibilities.
Second, Letian Group’s retail business, including Letian Supermarket, Letian Department Store, etc., have all withdrawn from Longguo.
Third, Park Sang-woo, the president of Longguo District of Letian Group, personally apologized to Yang Chen and Sihai Group on behalf of the group, and compensated Yang Chen personally for 1 billion eagle coins for reputational damage, and compensated Sihai Group for 1 billion eagle coins for reputational damage.
This announcement was sent out and soon detonated the Nanbangguo network again.
The stick players have not yet recovered from the SK Group’s announcement of surrender, and this time we have another announcement from Letian Group.
I have always been arrogant and looked down on the sticks of the Dragon Kingdom. Now my heart was really broken.
"Another one surrenders! The horse-riding ones can only fight each other. They are so quick to kneel when dealing with the people of the Dragon Kingdom!"
"Is this still the superior chaebol in our minds? Why can't all of them defeat one Yang Chen? Why is Yang Chen better than us? Alas... I don't want to lose to anyone from the Dragon Kingdom. I'm so angry. ”
"Now Sanxing is my only bottom line. I hope Sanxing will hold on. I can't bear the end of the whole army being annihilated."
……
When Sanxing Chairman Li Zaiyong saw the announcement from Letian Group, he was so angry that he couldn't even eat breakfast.
"You are a horse-riding person. I also specifically told Xin Quanyou not to admit defeat. I will do my best to help him deal with Yang Chen. He just surrendered and gave up. What a horse-trading waste!" Li Zailong cursed angrily.
If Letian Group admits defeat, Yang Chen will be free to go all out to deal with Sanxing. Li Zailong knows this very well, so he is angry about Letian Group slipping to his knees.
However, the matter has reached this point, and he can't change anything. Next, he will be ready to challenge Yang Chen.
Not long after, the announcement from Letian Group reached the Dragon Kingdom, and the netizens in the Dragon Kingdom were very happy.
"Boss Yang finally won. Letian Group lost miserably. Not only did it have to apologize, but it also had to pay compensation of 2 billion eagle coins, and it also had to withdraw from the Dragon Kingdom market. After so many years of hard work, it was all gone."< br>
"Haha... Boss Yang is still awesome. He single-handedly controlled the Bangzi Zaibatsu. Now there is only one Sanxing left. Just wait for Sanxing to issue an announcement and admit defeat."
"Holy shit, Letian has really suffered heavy losses now. He lost the Dragon Kingdom market, lost 2 billion eagle coins, and also lost the stock price. But they deserve it. Who asked them to give up their land to the Bald Eagle Garrison? And arrange weapons.”
"Boss Yang is too relieved. He just takes this opportunity to tell those foreign-funded enterprises not to eat the food of the Dragon Country while smashing the pot of the Dragon Country. If you are a bald eagle dog, you have to be prepared to be beaten at any time. Zai’s psychological preparation. I hope our entrepreneurs can be as tough as Yang Chen and never learn the comprador behavior of Fantasy Group.”
……
Yang Chen came to the office and saw the announcement from Letian Group.
Chen Xi praised: "Director Yang, you are so powerful. You have won again. Even though the Bangzi Chaebol is so powerful, it is no match for you."
Yang Chen said with a smile: "In the whole world, the best ones to deal with are the Sakura Country and the Bangzi Country. If it is difficult to deal with them directly, then deal with their Yingzi father. They can not listen to me, or they can follow I will fight to the end, but they must listen to what Ying Zi’s father says. Let’s end the Letian Group’s affairs first, and then concentrate on competing with Sanxing.”
While the two were chatting, Park Sang-woo, president of Longguo District of Letian Group, came with his team.
Park Sang-woo now knows how powerful Yang Chen is, and he doesn't even dare to look into Yang Chen's eyes.
"Mr. Yang, I'm really sorry. Everything is my fault. I express my most sincere apology to you and Sihai Group. I hope Mr. Yang and Sihai Group can forgive me and Letian Group." Park Sang-woo said while bending down.
Yang Chen didn't speak.
Park Sang Woo cautiously raised his eyes and glanced at Yang Chen. When their eyes met, Park Sang Woo was so frightened that he quickly lowered his head.
"I...I also want to apologize to the secretary. It was my fault that I pushed you down rudely. Please forgive me. I'm sorry!" Park Sang-woo said again.
Yang Chen said: "I will definitely not forgive you, but you just need to meet my requirements."
Park Sang-woo said quickly: "I understand, I understand. Please give me your account number, Mr. Yang, and I will contact the group immediately to transfer money to you."
Yang Chen gave his and Sihai Group's accounts to Park Sang-woo, and Park Sang-woo quickly sent the form to Xin Quanyou. Xin Quanyou didn't dare to delay, and immediately deposited 1 billion eagle coins into Yang Chen's and Sihai Group's accounts.
Yang Chen received the payment notification and sent a message to Chen Chao.
"Ah Chao, notify the five major banks, BlackRock, and Vanguard to end short selling of Letian Group immediately."
Chen Chao quickly followed the instructions and notified the traders of other partners to close the short positions of Letian Group.
As soon as Yang Chen finished closing his position, Letian Group's stock price began to rise rapidly, and the effect was so immediate.
When Xin Quanyou saw the rise in Letian Group's stock price, he couldn't help but sigh: "Yang Chen is a monster. He used magic to control the stock price. When he was shorting, no matter what he tried, the stock price could not be raised. After he ended the short selling, the stock price I would rather offend God than offend Yang Chen. It’s really terrible!”
(End of chapter)