Early the next morning!
The Korean stock market has reopened!
At this moment, countless eyes are fixed on Samsung's stock price.
As soon as the market opened, South Korea's shares began to plummet.
As everyone knows, Samsung's stock price dropped by one dollar in less than a minute after the market opened yesterday.
However, the decline today was even faster than yesterday.
In just one minute, the stock price dropped by nearly $2.
It fell from $99.23 to $97.21.
This drop brought cheers from all those who had shorted the stock.
The more Samsung's stock price falls...
The more they earn.
Compared to those cheering, Samsung's shareholders looked as if their parents had died.
"how so."
“We have already apologized and recalled all the mobile phones from Daxia.”
"Why are stocks falling so sharply?"
Samsung's chairman looked at his company's continuously declining stock price with a bewildered expression.
He simply couldn't understand it!
"Chairman, the shareholders have sent messages saying they want to hold a shareholders' meeting."
At that moment, the secretary of the Samsung chairman came in and told him something.
Recently, due to the decline in stock price, they have been holding shareholder meetings almost every day.
You should know that in the past, they might not hold a meeting even once every one or two months, or even two or three months.
"I see."
Upon hearing this, the Samsung chairman remained silent for a moment, then waved his hand to indicate that he understood.
Seeing this, the Samsung secretary didn't dare to say anything more and immediately withdrew.
"It seems I'm afraid I won't be able to keep my position this time."
After the secretary left, the Samsung chairman chuckled self-deprecatingly.
Actually, he had this premonition from the very beginning.
After all, his wrong decision caused the company enormous losses.
Yesterday alone, the company's market value evaporated by more than 20 billion US dollars.
If the stock price falls by that much today...
It's obvious that he won't be able to keep his position.
Because someone has to take the blame for this.
Half an hour later, in a familiar place with familiar faces, Samsung held its shareholders' meeting for the third consecutive day.
"Ladies and gentlemen, I know that this was a mistake on my part that caused the company's losses."
"Therefore, I am willing to step down from the position of chairman."
As soon as the shareholders' meeting began, the chairman of Samsung addressed the shareholders present.
These words caused all the shareholders present to look surprised.
Unexpectedly, the chairman is stepping down.
Of course, several shareholders showed delight upon hearing the Samsung chairman's words.
Because they had always coveted the position of Samsung's chairman.
However, in the past, the chairman of Samsung did not make any mistakes.
Moreover, under his leadership, Samsung's market value has continued to climb.
From its initial market capitalization of $200 billion, it has now grown to $300 billion.
These are all thanks to him.
However, no matter how great his achievements were, they couldn't outweigh this mistake.
"Alright, you should take a break for now."
"I will take over the position of chairman."
At this point, Samsung's largest shareholder spoke up.
As Samsung's largest shareholder, he certainly has the right to run for the position of Samsung's chairman.
Moreover, he is the most suitable person.
I agree!
I second that!
"I have no objection."
As expected, once Samsung's largest shareholder spoke, none of the other shareholders present objected.
Thus, the change of Samsung's chairman was settled.
Besides this incident, the shareholders' meeting also discussed the plane crash incident at length.
These are all methods for mitigating losses.
The shareholders' meeting did not end until an hour later.
And immediately after the shareholders' meeting ended!
Samsung then made a public announcement.
Due to the erroneous decisions made by the former chairman of Samsung, which resulted in losses to the company, it was decided to remove him from his position as chairman.
In addition, Samsung issued another apology.
They said there had been a serious mistake in the recall of mobile phones belonging to Chinese people and hoped to gain their understanding.
This notification was completely unimportant to Lu Fan and his group!
In any case, no matter how much they apologize, Chinese netizens are not buying it.
——
In the blink of an eye, another day has passed!
Yesterday, Samsung's stock price fell by another $6.89!
It fell by several cents more than on the first day.
Today, Samsung's stock price fell another $2.88.
In total, including the first day, Samsung's stock price fell by a total of $16.54 over three days.
Compared to its peak of $106, this represents a decrease of exactly 15.6%.
"Dad, Uncle Dong, we can take a smaller position now."
When Samsung's stock price fell to $89.46.
Lu Fan immediately sent messages to Jiang Hetang and Dong Haotian, instructing them to clear out their inventory.
Although there are still two hours until the market closes in South Korea today.
However, this price is already the lowest price Samsung has offered.
Samsung's stock price is expected to stabilize at $89.46 for the next two days.
On the third day, it will slowly rise again!
This chapter is not finished, please click the next page to continue reading!
Continue read on readnovelmtl.com