The atmosphere in the meeting room was serious. Tang Zhongren sat there with a sullen face. The man at the head of the table was a man in his fifties who took a puff of his cigarette and looked at President Tang, saying, "President Tang, this matter is difficult to explain, and no one has framed you!"
President Tang looked up at his son and said, "I think we should fire Vice President Tang and deduct all his salary and bonuses."
Everyone present looked at Tang Zhongren, realizing that firing someone was a problem he couldn't solve.
"Mr. Tang, please take a break for a while. We can't let the stock price keep falling. We'll come back when this matter has subsided. As for the illegal loan of 200 million yuan from Chen's Capital, we've drafted a contract for three months. If the money is returned within three months, everything will be fine. If the money isn't returned, you'll have to bear all the responsibility."
A contract was presented to Mr. Tang and his son. After reviewing the contents, they found that if any problems arose with the two hundred million yuan, they would have to make up the difference themselves.
Moreover, Mr. Tang has lost his position as chairman of the shipbuilding group and has become an ordinary shareholder, which is somewhat difficult for them to accept.
The following day, Chen's Capital's stock fell again, plummeting by 35% in just two days, resembling a sharp drop of half its value.
The two hundred million yuan that Tang Zhongren embezzled was invested in the project, which was like a small stone thrown into the ocean, having absolutely no effect.
Today's financial newspapers are all about Chen's Capital, especially the story of Mr. Chen's crushing defeat against Lu Feng, which is quite astonishing.
With the Tang family out of the shipping group, the group's stock plummeted to a new low, which gave Lu Feng an opportunity. The shipping group owned more than a dozen large international cargo ships with very strong cargo transportation capabilities, and also had port operations, overseas chartering, and ship consolidation businesses.
Lu Feng flipped through the documents, sat up, and realized that Jiafeng Electronics would definitely take a global approach in the future, especially exporting, which would be a top priority. The goal was to import low-end products into developed Western countries, which was a way for Chinese people to make money.
He wanted to acquire the shipping group, which would only help him more in the future. Even if he found an international buyer one day, he would have to wait for other cargo ships because of insufficient cargo volume. By the time he had enough cargo ships, it would be too late.
Having your own logistics channels, whether domestically or internationally, is extremely important.
Lu Feng's idea was good, but he didn't have any money. After thinking it over, he decided to call Mr. Feng instead.
Zhenkun walked over to Mr. Feng with the phone in hand and whispered, "It's Lu Feng on the phone."
Mr. Feng reached for the phone and said, "Lu Feng, what's up?"
"Mr. Feng, you're in good health? These past few days have gone so smoothly, it's all thanks to you," Lu Feng said politely.
“Chen Shufeng is facing a tight cash flow situation. Even if she loses money, she has to sell her stocks, so the price can continue to fall. Let’s wait and see,” Mr. Feng instructed.
"I'll do as you say."
"Lu Feng, the board of directors of Chen's Capital has a two-year election process for the executive chairman. Because finance and related industries are inherently risky, the term is generally not terminated unless a fatal problem occurs. Chen Shufeng's term expires at the end of this year." Mr. Feng said into the phone, "After the stock price bottoms out, you should ideally not hold more than 10% of the shares, understand?"
“Okay!” Lu Feng pondered for a moment and said, “Mr. Feng, the shipbuilding group has fallen quite a bit. I am still quite optimistic about international trade and am planning to invest in it, but I really don’t have any extra money on hand.”
Mr. Feng thought for a moment and said, "Are you investing in the company under your own name, or through Jiafeng Electronics?"
"Of course it's Jiafeng Electronics, since we'll be working on it to fill the gaps in Jiafeng Electronics' capabilities in the future," Lu Feng replied.
“Okay, since you’re so optimistic about it, let’s do it this way. I’ll buy a portion of the shares first, and then Jiafeng Electronics will hold those shares on my behalf,” Mr. Feng said. “This way, Jiafeng Electronics’ weakness will be addressed, and you won’t have to worry about your lack of funds.”
Lu Feng was a bit stunned when he heard the solution over the phone. He had wanted to borrow some money indirectly, but now he hadn't been able to borrow any money and Mr. Feng's hand had gotten even deeper involved.
Holding shares on behalf of others to exercise rights is definitely a good thing, in case all the shares end up being held on behalf of others in the future.
Jiafeng Electronics' cooperation in freight, logistics, manufacturing, and R&D all stemmed from holding shares in a certain company on its behalf. At that point, Lu Feng was truly ensnared.
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