The translator next to him spoke to John, who clearly did not believe that Lu Feng could hold out for so long. He believed that as long as the management's equity representatives were changed, they could take control of the company, and Lu Feng's shareholders would become minority shareholders. The agreement would be finalized at the beginning of next year.
At that time, the voting power of Lu Feng and others on the board of directors can be further reduced by diluting the equity.
The call was disconnected. Wei Yandan stood up and left the meeting room without saying a word.
Wall Street, Quantum Fund, and Tiger Fund have been releasing reports shorting the Thai baht, and international public opinion is churning, as if all institutions are sharpening their knives and preparing to strike at the baht.
Several Asian countries and regions have declared that shorting currencies is tantamount to waging war. At the same time, countries are preparing to deal with the crisis. The Hong Kong stock market has fallen for a week, and many important institutions have stated that an Asian financial tsunami is imminent.
The whole of Asia is shrouded in a tense atmosphere. Overseas funds are fleeing at a rapid pace, and domestic funds are also fleeing at an accelerated pace. At this moment, people wish they could convert all their money into US dollars before they could sleep soundly.
On November 1, 1996, after nearly a month of turmoil, Jiafeng's management began to put up banners downstairs at the group's headquarters, demanding an early vote by management representatives. Some people also sued Jiafeng Group's board of directors, arguing that the board had not taken into account the rights of the management in terms of equity.
At the same time, a lawsuit against Lu Feng for allegedly embezzling company funds was also heard in court, and Lu Feng sent a lawyer to respond to the case.
Inside the headquarters, some people were distributing leaflets and posting notices everywhere, trying to protect the rights of the management. Two days later, the management gathered more than 400 people to hold a vote.
Lu Feng received a call immediately and told Zhu Lidong to cordon off the scene, declare the vote invalid, and notify the police to maintain order to prevent a large-scale riot.
A dozen minutes later, several doors to the conference room were closed, the microphone power was cut off, and Zhu Lidong appeared on the scene, asking everyone to evacuate and stating that the vote was invalid because it did not have the board of directors' signature.
Some agitated individuals clashed with security personnel, resulting in a brawl. However, most people remained relatively calm, and the police evacuated the area after arriving at the scene.
That morning, Lu Feng received calls from the Public Security Bureau and the Labor and Social Security Bureau, asking him to resolve these conflicts as soon as possible to prevent them from causing bigger problems.
"The issues here are very complex, and I can't handle them alone. I also hope the company can remain stable," Lu Feng said helplessly into the phone. "Their shares were given to them as a gift, a company benefit. It's inappropriate to use these benefits to influence the board of directors, isn't it?"
"You don't need to tell me that. Stability is paramount. If your company causes social instability, things won't be so easy to talk to then," the other party said firmly.
Lu Feng didn't bother to say anything more to him and hung up the phone. He then called the municipal government, hoping they could strengthen their crackdown on interference with businesses' operations.
The city government's response was that they hoped Lu Feng could face the problem and resolve it quickly.
Lu Feng knew that they didn't care who owned Jiafeng Group; they only cared that nothing went wrong in the territory they managed. In any case, no matter whose Jiafeng Group it was, it would have to pay taxes next year.
After hanging up the phone, Lu Feng leaned back on the sofa, turned on the TV, watched Tom and Jerry, and muttered to himself, "Let's just drag it out!"
On Wall Street, a new wave of attacks on the Thai baht has begun, with large quantities of baht being dumped on exchanges, frantically attacking the 25 baht defense level.
This round of attacks is far more ferocious than the last, involving not only Tiger Fund and Quantum Fund, but also many more speculators from around the world.
Within just over ten minutes of the market opening, trading volume had already exceeded one billion US dollars. The Bank of Thailand felt the pressure; under such a fierce momentum, they simply couldn't withstand it for long.
One phone call after another was made, constantly seeking international assistance, even from neighboring countries, hoping to borrow some of their reserve dollars to weather the storm.
At this moment, the entire Thai leadership was in a state of utter chaos.
When the news reached Maha, he immediately made the decision to let Lu Feng take the blame!
Continue read on readnovelmtl.com
