Many calls were made to Lu Feng, but he did not answer them. Rumors began to circulate in the business world that Jiafeng Group was about to fall apart. This company, which started by mortgaging land and circulating funds, then introduced international capital to achieve its glory, and finally encountered setbacks in its expansion into overseas markets, seemed to have reached the end of its life.
Some financial media outlets have analyzed the structure of Jiafeng's board of directors. Many people believe that Lu Feng caused the current passive situation because he gave the management 30% of the shares. Others argue that if it weren't for this share, Jiafeng's management wouldn't have worked so hard, and there wouldn't have been the situation later.
Some people also say that if Jiafeng had focused on developing its domestic business, it wouldn't be in such a divided state now.
Outside, there was a lot of noise and internal conflict. The relocation to the new building was hindered. Wei Yandan convened a group meeting and asked the management to sign off on improving the company's processes. Many people refused to sign on the spot, and all of them were replaced with departmental charters.
The chaos at Jiafeng was a battle over equity, which taught many private companies eager to attract foreign investment a lesson. Years later, the Vanke dispute was known as the Jiafeng chaos!
The first wave of the Thai baht's impact has passed, but there is an increasing number of bearish voices on the baht internationally, both in the United States and Europe, creating a sense of impending chaos.
Requests for assistance from international banks were mostly rejected, or they came with additional conditions, such as relaxing certain industry restrictions, for example, hydropower, highways, and controlling stakes in large state-owned enterprises.
The Thai finance ministers held meetings for a week straight. They certainly knew that this was only the first wave of the impact, but the current problem was how to withstand the impending second wave.
Maha also received many officials, and he was somewhat troubled by the currency issue, but these were problems that he could not solve.
“We’ve heard some rumors from Wall Street that the main reason for the short selling of the Thai baht is a company called Jiafeng,” one of them said, glancing cautiously at Maha.
"It has nothing to do with this. I do know Lu Feng, but we're just ordinary friends," Maha said casually. Of course, he wouldn't admit that this was his fault.
With such a major economic crisis, he dared not take the blame. The finance department and its personnel were minor issues; the military was the real problem.
The military is now demanding that economic confidence be restored as soon as possible and the stock market be brought back to life. However, this is not something that can be solved simply by pointing a gun at someone's head.
Maha understood the current situation and realized that he had no choice but to tough it out, even if he couldn't bear it. At the same time, he pleaded with the United States to go easy on them so that they could make things easier in the future.
The problem is, we're already being held at gunpoint, so there's no room for negotiation. Domestic core enterprises don't dare to open up, and once public facilities are opened up, it's obvious that prices for things like tap water, electricity, and roads will skyrocket.
After seeing the group off, Maha sat in his seat with a grim expression. If he had known this would have such a big impact, why did he help him?
I originally thought the US military was far away, but I didn't expect that the financial war would come first instead of the US military.
“No, he has to take charge of this. He caused this mess.” Maha stood up and walked outside, calling someone to call Lu Feng and ask him to fund the next wave of attacks from Wall Street.
At home, Lu Feng hadn't left for several days. The news reports outside were chaotic. Turning on the TV, everyone was talking about Jiafeng's equity. The dismissed management team was putting up banners and setting up tents outside the headquarters. Some reporters who weren't afraid of making a scene were also staking out the place overnight.
The methods Lu Feng used to deal with others have now been perfectly inherited by these managers, and even Lu Feng himself finds them extremely troublesome.
The phone rang at home. Lu Feng stood up and answered it. He was shocked by what he heard on the other end.
"Let me take the lead? Even if I had a gold mine at home, I couldn't possibly go against Wall Street!"
"The prince said that this situation is entirely your fault. If it weren't for the shipment of lithography machines, how could Wall Street have been so targeted?"
"Thailand's industrial hollowing out is a problem in itself. Your industrial upgrading has not kept up, foreign capital has been rampant for a long time, and the capital market has become a sieve, with a large amount of domestic capital flowing out. Is all of this my fault?"
Lu Feng felt more wronged than Dou E!
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