At around 8 o'clock the next day, a shocking headline appeared on the front page of Huainan Metropolis Daily: "A scandal has emerged in Hongda Group, and a direct descendant embezzled public funds and absconded!" The newspaper also used an entire page in the economic section to detail the many problems facing Hongda Group.
Then, at 9:30, the stock market opened, and the stock of Hongda Group fell all the way. The directors could no longer sit still, and immediately convened a board meeting to discuss countermeasures. In the meeting room of Hongda Group, the round table was full of people. After Chairman Zhao Qingya and Executive Director Zhao Min took their seats, the representatives of the board of directors started to make things difficult for them. The one who made things difficult was Zhao Qingya's uncle, Zhao Sanjin, the only third generation still alive. All those sitting on his side were from the Zhao family's side branches.
When Karl Lagerfeld was still alive, these side branches usually kept a low profile and never interfered with the operations of the Hongda Group. But after Karl Lagerfeld passed away, they showed their fangs and began to stir.
Zhao Sanjin coughed lightly and said, "Qingya, as the current helmsman of the Zhao family, you must give a reasonable explanation."
Zhao Min gritted her teeth and whispered, "Regarding my son's misappropriation of public funds, I suggest that the board of directors arrange for the supervisory department to conduct a thorough investigation and will not tolerate it. This matter has nothing to do with Qingya."
Zhao Sanjin raised his eyebrows and said unhappily, "Why is it okay? Huang Haoran is Zhao Qingya's cousin. He has been in charge of many important departments within the Hongda Group. Now the scandal of embezzlement of public funds has been exposed, causing the stock to plummet. We directors have suffered serious losses. As the chairman, she must take responsibility."
Zhao Qingya sighed and said, "Third Uncle, now that the group is in crisis, this is not the time to pursue responsibility. I think we should unite first to resist external risks. Only by working together can we minimize the losses."
Zhao Sanjin sneered twice and said disdainfully: "If my sister-in-law were still alive, I would trust her and she would definitely help us recover our losses and get out of trouble. But you are too inexperienced to convince us!"
Zhao Min slammed the table and said angrily, "Uncle San, what do you mean by this? Qingya is the heir designated by my mother. Do you doubt her judgment?"
Zhao Sanjin smiled sarcastically and said, "Min girl, I am your third uncle. I am the oldest member of the Zhao family. Now that you youngsters have done something wrong, I naturally need to stand up and give you some guidance!"
Several members of the Zhao family's side branches nearby echoed, "That's right, Third Uncle is the only elder now, we still have to listen to him."
Zhao Qingya sneered and said, "It seems that you all follow Third Uncle's lead?"
Zhao Sanjin nodded and said, "Not only the younger generations of the Zhao family, but the company's management should also agree with this!"
"Oh?" Zhao Qingya shifted her gaze to the other side and scanned the management. "If you have any ideas about me, you might as well speak up!"
Wang Shida, the group's vice president, coughed dryly and said, "Chairman, if we want to reverse the situation now, the company must hold a press conference and identify a responsible person. Only in this way can we restore the public image and ensure that the group's stock does not continue to fall."
Zhao Qingya suddenly smiled and said, "Boss Wang, it seems that you want me to take responsibility, such as resigning from the position of chairman, so that we can solve the current crisis?"
Wang Shida whispered: "This might be a good public relations tactic!"
Zhao Sanjin said earnestly, "Qingya, the stock of Hongda Group is about to hit the limit, I think you should make a decision quickly, otherwise it will be too late!"
Zhao Qingya asked back: "If I don't make a decision, what are you going to do?"
"If no decision is made, then we will have no choice but to sell our shares, so as not to suffer huge losses and end up with nothing!" Zhao Sanjin threatened with a flash in his eyes.
If the Zhao family branches and several management members present here sell their stocks, it will undoubtedly make the current downward trend of Hongda Group worse. Zhao Sanjin is too cruel. At this critical moment, not only is he unwilling to lend a helping hand, he also wants to take advantage of the situation.
Zhao Qingya smiled and said, "Uncle San, compared to when you first acquired the shares of Hongda Group, the shares of Hongda Group have increased tenfold. Even if you sell them all now, I'm afraid the loss will not be too big. Since you have so little confidence in the group, why not sell them all?"
Seeing Zhao Qingya's calm tone and not afraid of threats at all, Zhao Sanjin angrily said, "Okay, okay, don't regret it!" After saying that, he stood up and left in a huff. Other Zhao family branches also left behind Zhao Sanjin. As for Wang Shida and other senior executives, they were also a little impatient and left their seats one after another. Only four or five people were left in the meeting room, who were Zhao Qingya and Zhao Min's confidants.
"Qingya, this time it's your aunt who is sorry for you and has implicated you." Zhao Min sighed worriedly.
Zhao Qingya shook her head and said with a smile: "Aunt, how can I blame you for this? It's just that Haoran was too ignorant and made a mistake that caused eternal regret. Don't worry, when the crisis of the group is resolved, I will definitely help Haoran get out of it."
Zhao Min waved her hands, her eyes showing hatred for Haoran's lack of fighting spirit. She sighed, "Haoran, he is still too easy on the table. This lesson will teach him a lesson. No one needs to help him!"
Zhao Qingya knew that Zhao Min was just speaking in anger. Although her sister-in-law had a mean personality, she still had a clear mind on major issues. Last night, after Zhao Min learned that Huang Haoran was being used, she rushed to Zhao Qingya's apartment again and told her everything. Although Zhao Min wanted to fight for power with Zhao Qingya, it was a fight between the direct descendants of the Zhao family, involving the interests of the entire family, so they had to stand together.
Zhao Qingya said softly: "Aunt, we should look at everything from both sides. The enemy is well prepared. Even if they don't use Haoran's incident to attack us, they will find other loopholes. So we might as well take this opportunity to teach our opponents a heavy lesson. Otherwise, they really think that there is no one left in the direct line of our Zhao family!"
Zhao Min read some of the decisiveness and sharpness of the old Buddha from Zhao Qingya's calmness, and sighed: "Qingya, I finally understand why my mother passed the family business to you. You are younger than me, but you are more generous than me. You didn't blame me for the offense last night, and you kept persuading me. If I put myself in your shoes, I can't do what you do."
Zhao Qingya stretched out her hand and placed it on the back of Zhao Min's hand, and continued to comfort her: "Aunt, please stay in the conference room with me. Wait for another hour, and there should be a turnaround!"
"Oh?" Zhao Min's eyes showed doubt, "Could it be that you have been prepared for this?"
Zhao Qingya nodded and smiled: "Just wait and see!"
At this time, the door of the conference room was pushed open, and Fang Zhicheng walked in steadily from outside. He walked to Zhao Qingya's ear and whispered a few words. Zhao Qingya finally showed a look of relief on her face.
In the following hour, the stock of Hongda Group rose against the trend. After falling by 8%, it continued to climb, and the stock price continued to rise.
Liu Yan sat in the office, looking at the constantly refreshing data, with a look of shock on her face, "I didn't expect that Hongda Group's financial strength is so strong. The directors sold nearly 20% of the stocks, and they were able to take them!"
At this time, the landline at hand rang, and the angry voice of Zhu Yuan, the representative of the Zhu family, came: "Boss Liu, what should we do now? Hongda Group is so powerful that it is not afraid of our acquisition at all. If we continue to fight now, the funds we need to spend will be much more terrifying than we imagined!"
Liu Yan pondered for a moment and whispered, "Hold on tightly and don't lose heart at this moment. I think this is a last gasp. The directors of Hongda still have about 25% of the stocks to sell. I don't think Hongda Group has that much money to take over all of them!"
Zhu Yuan smiled bitterly and said, "This is a big risk! If the stock price remains high, we won't be able to make enough profit, and there is also the risk of being stuck!"
The competition in the securities market is a test of financial strength and operational means, especially the competition between big investors. You need to be cautious when you advance or retreat. If you take a wrong step, the loss will reach billions.
Zhu Yuan has already hinted to Liu Yan that if the stock of Hongda Group remains so strong, they may consider withdrawing. Although the three companies have decided to join forces, they cannot act blindly and impulsively when it comes to actual interests!
Liu Yan gritted her teeth and said in a deep voice: "From now on, I will be responsible for the main output of funds. You two must give me enough support when the time is right!"
Zhu Yuan was waiting for Liu Yan to say this. He smiled faintly and said, "We are waiting for this, Mr. Liu. After all, this time against Hongda Group, your Liu family is the organizer, and we are just cooperating. Don't worry! Once the stock of Hongda Group becomes weak, we will buy it without hesitation!"
After hanging up Zhu Yuan's phone, Liu Yan angrily cursed, "Sly guy!" The Zhu family retreated at the critical moment, which made Liu Yan hesitate. I'm afraid the Dong family also thought so. Although the three families are allies, they are not ready to be open-hearted after all, so intrigue is inevitable when cooperating!
I don't know where the Hongda Group got the extra funds from, but it bought back all the stocks it had sold, causing the Hongda Group's stocks to rise against the trend.