Chapter 158 The Fruit Group surrendered to Yang Chen and canceled the fruit tax in Longguo District
"Bang! Bang! Bang! Bang..."
A series of table-slapping sounds spread throughout the conference room, making the atmosphere even more awkward.
Kurt's hands hurt from the beating, but the anger in his heart still did not vent.
Not long after, all the executives and major shareholder representatives arrived.
Kurk said: "The Fruit Group is experiencing the most serious crisis in history. The two major markets of the European Union and Dragon Country are attacking us at the same time. We will definitely suffer heavy losses this time. Everyone, tell us your opinions and see how to save it. The company’s business and stock price.”
Everyone expressed their opinions.
"Suing the EU and asking the government to put pressure on the EU, I think those fines will not be implemented."
"That's right! Europe is our bastard. As long as our government comes forward, they will never dare to forcefully ask for fines from us. It's easier to handle it in the Dragon Kingdom. The consumers there are so piss-poor that all the big brands in the world are... Yes, just give them a discount. As for the Longguo government, it's easy to deal with it. Let's talk to them about reducing orders from the Asanguo factory and giving more orders to the Longguo factory. I believe they will be more generous for the sake of employment. ”
"What I'm most worried about is WeChat's request that we cancel the fruit tax. If we don't agree, once WeChat no longer provides services to fruit phone users, many users will abandon fruit, and we will suffer huge losses. But if If we promise to cancel the fruit tax, other application developers will definitely ask us to cancel the fruit tax, and then our annual net income of more than 20 billion eagle coins will be lost.”
"I think it's better to send a team to talk to the Penguin Group. It's definitely impossible for them to want us to cancel the fruit tax, but we have to lower it a little for them. Just give each side a step to step down."
"The company's stock price depends on shareholders increasing their holdings. This is the most direct and effective way."
……
After listening to everyone's opinions, Kurk concluded: "Then please all shareholders use funds to increase their stock holdings. Not to mention bringing the stock price back, at least temporarily stabilize the stock price and prevent it from falling again. I will personally lead the team there Let’s go to Longguo to solve the problems there, and then we’ll go to Europe. Do you have any questions?”
Bartfield, one of the very important shareholders of Apple Group, said: "As for business issues, I believe Mr. Kurk can solve the crisis. But I don't think it is necessary to increase stock holdings to stabilize the stock price. Because all companies shorted by Yang Chen , it is impossible to stabilize the stock price by increasing holdings, which has been proven by many giant companies such as Qiangsheng.”
Kurk immediately asked: "It's useless to increase stock holdings, so what can we do to stabilize the stock price?"
Butterfield shook his head and said very helplessly: "Unfortunately, no matter how hard the executives and shareholders try, the stock price of any company shorted by Yang Chen cannot be stabilized, let alone pulled back. Only after Yang Chen ends the short selling, Only then can the stock price rise. I have observed many companies that were shorted by him, and this is the case without exception. Therefore, I hope that Mr. Kurk will be the first to go to Longguo and persuade him to reconcile with the fruit company. "
As soon as this statement came out, the whole hall was in an uproar.
"Did you make a mistake? Are you going to admit defeat now?"
"You kneel down too quickly."
"But what Mr. Butterfield said is absolutely correct. All the companies shorted by Yang Chen cannot bring back their stock prices by their own efforts. The increase in stock held by Nanbangguo SK Company has almost exceeded the legal maximum shareholding ratio for listing, and the stock price is still falling. If he doesn’t go up, he can only admit defeat.”
"This is too weird. You said that Yang Chen is the incarnation of God. I definitely don't doubt it. Otherwise, there is no way to explain how his operations can be so magical."
……
There is an old saying in the Dragon Kingdom: If you don’t see the Yellow River, your heart won’t die, and if you don’t see the coffin, you won’t shed tears.
No matter what Butterfield said, Kurt still felt that he should try to increase his holdings to increase the stock price.
Butterfield said with a smile: "Other shareholders try it, I won't try it. After you try it tomorrow, remember to go to Long Kingdom early to admit your mistake and seek peace with Yang Chen."
Kurk said unhappily: "You haven't even increased your holdings yet. You are so pessimistic. You are clearly trying to boost others' ambitions and destroy your own prestige. I don't believe that a company as good as ours can survive such a small difficulty." It’s not going to happen. Shareholders who are willing to increase their holdings will raise their hands tomorrow. I will spend 100 million eagle coins to increase their holdings together. I don’t believe that the stock price can’t be stabilized!”
After Kurk said this, some shareholders who did not believe in evil raised their hands and expressed their willingness to increase their holdings with him.
After agreement, the meeting ends.
Kurk ordered his secretary to issue an announcement overnight, telling everyone that Kurk would lead shareholders to increase their holdings of Fruit Group shares.
The next day Bald Eagle's stock market opened.
The fruit company's stock price fell 8 points at the opening, and Kurk and shareholders immediately bought and increased their holdings.
In order to increase the share price of Fruit Group, which has a market value of more than 3 trillion yuan, it will not be effective without funds. Kurk and shareholders increased their holdings by more than 3 billion eagle coins in one fell swoop. The share price has almost no upward trend, and it still rises a little but falls. At the same time, the overall downward trend is still maintained.
Kurke simply invested all the remaining funds. He also called shareholders to tell them to invest all their money to see if he could forcefully raise the stock price.
After all the remaining 4 billion eagle coins were smashed out, Kirk and others believed Butterfield's words.
The fruit stock price did not rebound at all. Near noon, the stock price fell by 16%, and there were still many sell orders and very few buy orders. Looking at this trend, we know that the stock price will continue to fall sharply.
"Farke! How could this be? Why did the stock price still fall after spending so much money to increase holdings? What is the problem?" Kurk said to himself.
Shareholders couldn't bear it any longer. The market value fell by 1.1 trillion eagle coins before the end of three trading days. The value of Fruit Group shares held by all shareholders shrank by one-third. This loss was really huge.
The shareholders couldn't stand this fall anymore. They called Kurt one after another and asked him to immediately go to Longguo to admit his mistake to Yang Chen and seek peace, so that this painful fall could end as soon as possible.
As the company's president, Kurt would not dare to go against the wishes of shareholders, otherwise he would most likely be replaced, and he would be in danger of losing his job at the end of the year.
Although he felt very unhappy, Kurt quickly formed a team and prepared to go to the Dragon Kingdom to meet Yang Chen.
When the Bald Eagle Business Department heard that Kurk was going to Long Country to admit defeat to Yang Chen, Rewington immediately called Kurk.
"Hey, Mr. Kirk, I heard that you are going to Dragon Kingdom to admit defeat to Yang Chen in person?" Rewington asked.
Kurk sighed helplessly and replied: "Yes! The stock price has plummeted. It's useless to spend more than 7 billion eagle coins to increase holdings. There is no sign of turning back. Mr. Butterfield suggested that I don't need to struggle. The problem of falling stock prices can only be solved by apologizing and asking for peace. I have no choice but to go to Long Kingdom and surrender to Yang Chen..."
Revington immediately said: "Fruit Company is a star company we focus on building. How can we surrender to Yang Chen so easily? I'll call him and have a chat. I will definitely force him to take the initiative to end his short selling of Fruit Group's stock price. There is no need for you to go over and surrender to him.”
Kurk was overjoyed. If Revington could really force Yang Chen to end the short selling initiative, he would be able to save his own face.
"Haha...thank you Ms. Revington. I'm waiting for your good news and hope you can succeed." Kurk said with a smile. Rewington said very confidently: "Don't worry, I have plenty of ways to deal with Yang Chen, and it will definitely work!"
After hanging up the phone, Rewington called Yang Chen.
"Hey, Mr. Yang, can you hear my voice?" Revington asked.
Yang Chen yawned and cursed: "I don't care who you are? Do you know that disturbing other people's sleep in the middle of the night is a very impolite behavior?"
Revington was a little embarrassed, so he stopped beating around the bush and said directly: "I am Revington. I heard that you are shorting the share price of Fruit Group. I ask you to end the short selling immediately and bring the share price of Fruit Group back to its original value. Price. Do you understand? ”
Yang Chen replied: "Why are you so arrogant? You told me to end the short selling, and I ended the short selling? You also brought the stock price back to the original price, you can't say it! If you want me to end the short selling, Kurk must come here in person Admit your mistake and seek peace. Do you understand?”
Revington immediately replied: "If you listen to me and stop shorting the fruit company's stock price immediately, I can allow your memory sticks to be sold to foreign customers. How about that?"
Yang Chen smiled and said: "Thank you, I don't need to sell to foreign customers. I still have to sleep, so I won't tell you anymore."
Yang Chen immediately hung up the phone, leaving Rewington with a surprised look on his face.
Yang Chen actually doesn't want the vast overseas market. Is this surely what a normal person should think?
Raventon refused to give up and called Yang Chen again, only to find that he had been blocked by Yang Chen. This time, his heart completely collapsed.
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"Fake! This damn Yang Chen actually dares to block me! Okay, you don't want the overseas market, right? Then you don't want the overseas market at all!" Rewington said.
Revington immediately issued an announcement in the name of the Ministry of Commerce, blacklisting Sihai Electronics Co., Ltd. and not allowing any company or individual to purchase Sihai Electronics Co., Ltd.'s products. At the same time, the announcement also recommended that countries and regions such as the European Union should not Use any product from Sihai Electronics.
Seeing this announcement, Kirk knew that Revington had failed, and he still had to go to the Dragon Kingdom himself to resolve the matter.
That night, Kurk took the team on a plane to Dragon Kingdom.
After a day's rest, Kurk took the team to Sihai Team Building.
Yang Chen received them in the conference room.
"Mr. Yang, I think there may be some misunderstandings between us. I hope we can clear up the misunderstandings." Kurk said straight to the point.
Yang Chen laughed loudly and said: "There is no misunderstanding between us, all the facts are very clear. Did Mr. Kirk come to me just to tell me this?"
Kurk hesitated for a while, then said: "I...I want to formally apologize to Mr. Yang. I hope Mr. Yang can accept our apology and immediately stop shorting the share price of Fruit Group."
Yang Chen smiled and said: "Are you kidding me? Who do you think you are? You asked Dachuan Computer to provoke me to collect debts first, so can a misunderstanding and apology be enough?"
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Kurk quickly asked: "What do you want to do, Mr. Yang? Just say it directly. If I can do it, I will not refuse."
Yang Chen said with a smile: "Now you are suing for peace, so I won't be polite. You issue an announcement to clearly apologize to me, and Fruit Group will immediately terminate all cooperation with Sanxing. From now on, all products of Fruit Group None of them will contain Sanxing products. In addition, the fruit group must cancel the fruit tax in Longguo District and send as many orders as possible to the assembly plants in Longguo.”
This was even more severe than the unequal treaties signed in the late Qing Dynasty. Kirk immediately fell silent.
The Fruit Group can collect about 40 billion dragon coins in fruit tax from Longguo every year. If the fruit tax in Longguo District is canceled at once, the loss will be too great.
And once the fruit tax in Longguo District is gone, the EU will definitely demand the cancellation of the fruit tax on fruit groups in Europe, and other countries and regions will definitely follow suit. Is the annual fruit tax of more than 20 billion eagle dollars just gone?
"Mr. Yang, I can agree to all other conditions. Can we discuss the cancellation of the fruit tax in Longguo District? Do you think we can lower the tax rate in Longguo District to 15%?" Kurk was very humble. asked.
Yang Chen immediately shook his head and refused: "All the conditions I set out must be met. You should think carefully before answering me."
Kurk nodded helplessly and immediately called the company's executives and important shareholders through a video conference to discuss whether Yang Chen's conditions could be fully accepted.
The Fruit Group can earn 40 billion dragon coins in fruit taxes from Longguo District every year, which is about 6 billion eagle coins.
In the past three trading days, the market value of Fruit Group has dropped by 1.5 trillion, especially when the stock price fell rapidly at the close of trading last night, which indicates that the stock price will continue to fall sharply at the opening tomorrow.
Calculated based on the annual fruit tax revenue of 6 billion eagle coins, it would take 250 years to earn back 1.5 trillion eagle coins.
After such a comparison, the answer is already obvious, whether to accept Yang Chen's conditions or continue to resist.
In the end, everyone unanimously passed the voting agreement, accepted all the conditions proposed by Yang Chen, and requested Yang Chen to stop shorting the stock price of Fruit and bring the stock price back to its original price.
Kurk ended the video conference and then said to Yang Chen: "Mr. Yang, we accept all your conditions."
Yang Chen smiled and said: "Okay! Then take action to make me believe in you, not just talk."
Kirk nodded quickly and said: "Understood!"
Kurk called his secretary and personally asked him to prepare an announcement and send it out.
Soon the Fruit Group issued an announcement overnight, the main content of which is as follows:
First, on behalf of the Fruit Group, Kurt expressed his most sincere apology to Yang Chen.
Second, Fruit Group immediately terminated all cooperation with Sanxing, including but not limited to no longer using Sanxing memory, Sanxing OLED screens, etc.
Third, Fruit Group will gradually transfer orders from Southeast Asian assembly plants to Longguo's assembly plants, and ensure that the Fruit Group's products produced in Longguo will account for more than 80% of the total.
Fourth, the Fruit Group decided to cancel the fruit tax in Longguo District, effective immediately.
The Fruit Group’s announcement instantly detonated YouTube, Twitter and other platforms, and foreign netizens once again broke through...
(End of chapter)