Such a big thing cannot be covered up by just covering the lid. It also includes compensation of almost 10 million star dollars. According to the matters stipulated in the "Memorandum of Understanding on Currency between the Two Countries" signed with the Federation last year, The federation needs to provide 40 million federal shields as compensation, which directly causes economic losses of more than 13 million star dollars. As for the evaporation of the company's market value in the capital market, it is even more incalculable.
If United Construction Engineering didn't have a strong enough foundation and financial reports that everyone could see, I'm afraid that just one step would be enough to cause United Construction Engineering to go bankrupt.
At this time, United Construction Engineering also held an emergency meeting, and all directors and shareholders of the company must be present. This is related to the future fate of United Construction Engineering. The main major shareholders actually had a different idea in mind when they faced such huge losses. Anyway, the place of the incident was in the empire. If it didn't work, the business would not be done. After withdrawing the people from the empire, If you rely on it as much as you can, you can definitely reduce a large part of your losses.
Not all workers have the savings to bring the case to the federal government. The heavy costs will make many workers’ families choose to settle the matter with the cooperation of the local government and accept a small sum of money to put an end to the matter. .
However, the consequences of doing so are also quite serious. As a society based on integrity and abiding by the spirit of contract, if United Construction Engineering really does this, it is very likely to completely withdraw from the capital market and become immoral. It is a model that has been spurned by people, so this meeting is held to decide which way to ultimately survive this crisis.
Is it to actively compensate and stick to it
Or do you take the initiative to withdraw and act shamelessly
At around three o'clock in the afternoon, the spacious and bright conference room was already filled with the company's shareholders and senior executives. According to federal law, individuals or institutions that own more than 0.5% of a company's shares are legal shareholders of the company. , you can attend the board of directors, but you must abide by and follow the rules of the board of directors and you may or may not speak freely.
After United Construction won the construction contract in Otis City in the Empire, it made rapid progress in the federal stock market. It only took half a year to increase the stock price by 170%. The board of directors and professional market analysis institutions believe that as long as they can Once this contract is completed, the stock price will continue to rise. Their first order in the empire can serve as a door to the empire's closed capital market, allowing more federal capital forces to find a breakthrough and enter the empire's capital market, which is full of gold mines.
However, it is a pity that after such an accident, the share price of United Construction Engineering Co., Ltd. has been cut in half from the moment the newspaper disclosed the news.
"Everyone is here, Chairman." The secretary with long blond hair bent slightly and whispered in the Chairman's ear. Her white shirt looked a bit too small. Girls of her age are in the period of growth. , often faces this problem—the clothes are one size too small, so she can’t even button the top three buttons of her shirt.
The chairman of United Construction Engineering Co., Ltd. is in his sixties and has silver-gray hair. The fingers of his hands are pressed together and his elbows are resting on the armrests of the chair. His eyes swept over the faces of these shareholders one by one, and many of them avoided his gaze with a guilty conscience.
"At the last second of today's suspension, our stock price fell by more than 47%. If we cannot solve the impact of this accident within a week and bring the stock price back up, gentlemen, Many people here will face bankruptcy, including me!" His eyes were like knives, and his cold expression made many people feel uncomfortable.
Those people tore their collars and took off their coats. The heating in the room made them feel too hot.
"I know that many of you started secretly selling your stocks yesterday without the consent of the board of directors. I am very disappointed. I thought we should be partners, holding hands to find the way to the future. "Friends of Stairway to Heaven, but the facts tell me that some of you are just shameless speculators." He picked up a document and threw it on the table. "I have here a table of the latest information on your personal holdings. At present. Mr. and Mrs. who hold less than 0.5% of the shares can leave, you don’t belong here.”
About three or four minutes after he finished speaking, the first person stood up and said "Sorry", then straightened his clothes and turned to leave. The conference hall, which quickly filled up, was less than a third full. The faces of the people left behind were also ugly. When the company encountered such a big crisis, these people not only did not consider how to safeguard the interests of the company and their shareholders, but instead sold stocks without the knowledge of the company's board of directors because they were afraid of shrinking their property. The snowball effect caused by this behavior is definitely more serious than the harm caused by the accident itself.
The chairman asked the sweet little secretary to close the door of the conference room. A smile appeared on his face, and he shrugged nonchalantly, "The situation is not too bad. I just had a phone call with the mayor of Otis City. They are willing to cooperate with us to suppress the negative effects of this incident, but for this we need to complete the railway for them free of charge, and they will pay for the materials.”
Sitting in the second seat to the left of the chairman, the old man with gray hair but a straight spine asked: "How much will we lose?"
The chairman spread his hands and answered his question "regrettably", "We will lose about 70 million federal guilders, and if it exceeds it, it won't be too much!"
People in the conference room took a breath. Seventy million federal guilders had already caught up with the annual tax revenue of some relatively economically backward states. This amount of money was enough to put them on the verge of bankruptcy.
The chairman was very satisfied that his words had scared everyone. This was the effect he wanted. Of course, he couldn't let these shareholders who were still insisting really lose all confidence, otherwise he would really go bankrupt, so he quickly went on to say: "But we will gain more than 100 million, or even 200 million or more profits from this! The mayor of Otis City promised that as long as we complete the two railways in Otis City, he plans to build more railways with a total number of kilometers. Less than two thousand kilometers!”
The shareholders took a breath of cold air again. The profits and added value gained from building a two thousand kilometers of railway can definitely make up for the losses caused by this accident, and there is still sufficient room for profit. The faces of these shareholders suddenly showed a relaxed expression, and there were many smiles.
The chairman nodded, "The first thing we need to solve now is to minimize the impact of this accident..."
"What should we do?" asked a middle-aged man in his forties sitting at the conference table.
The chairman picked up the pen on the table, pointed at him, and praised: "That's a good question. According to my understanding, the number of casualties caused by this collapse is only 189 known. Actively rescue and save more injured people from the disaster!" His eyes were shining. There was no doubt that he had lied, but the empire would cooperate with him, so it was not a lie. ,Is the truth.
Early the next morning, the newspaper reported the specific circumstances of the collapse of Otis City. Originally, people heard that one or two thousand people died, so they sold all their stocks in panic, but now It seems that I was deceived by some people and sold my stocks at a low price, as the newspaper said.
The negative effects of a hundred deaths and the death of a thousand are the same, but the economic effects are completely different. Compensation of 30 to 40 million federal guilders and compensation of 3 to 4 million federal guilders are completely different for a large construction company like United Construction Engineering, so the violent fluctuations in the stock price are naturally abnormal.
As soon as the stock market opened in the morning, the exchange posted an announcement that United Construction had suspended trading. It also said in the announcement that United Construction had called the police to find the rumor makers who could harm the company's reputation and cause huge economic losses to the company.
Under such circumstances, a group of people on the stock exchange almost fainted with hatred. There is no doubt that after the United Construction Industry resumes trading, the stock price will return to a price close to the original stock price. Just like this, they lost more than 50% of their wealth!
At the same time, in the canyon where the accident occurred in the Empire, a search and rescue team member was pounding the rocks with a metal pick against the heavy snow in the pile of rocks. If a hole was found, someone would come here to dig. There are many search and rescue team members like this, but he is a little different. He found a relatively remote place, took off his clean and eye-catching clothes, put them in a bag and hid them aside. Under his clean clothes was a pair of work clothes that workers often wore. It was tattered and stained with dried blood. He picked up the metal pick he carried with him, and with a flash of fierceness in his eyes, he struck it with all his strength. He took off his arms and calves and lay down along the depression he just found.
About ten minutes later, another collection team member came over. He saw the marked search and rescue bag on the ground at a glance, immediately put it into his carry-on bag, then took out his flare gun and pointed it at the sky. One shot came.
Reporters outside the accident scene looked at the pink signal flares rising from the canyon, and they suddenly felt like a pot was exploding. They held cameras and began to gather towards the mouth of the canyon, constantly seeking information from the collectors.
There is no doubt that this is the most exciting news so far since the accident. One person is still alive, which means more people are still alive!
People don't believe in miracles, but they also desire miracles very paradoxically!
(End of chapter)