After hearing what Director Jia said, they finally understood why these things happened. It turns out that it was because they gradually became the controlling party or even the sole proprietor from the original joint venture, and now China wants to take it back.
Although they paid for the shares when they acquired those shares, they did so on the basis that they would have a greater say in the shareholders. Although it seemed like normal business behavior on the surface, in fact they made many verbal promises. , all selectively forgotten.
Now China has made it clear that it wants to settle the score, and they have swallowed the bitter pill.
Now that they know what China means, they also know how to talk about it. However, this matter still needs to be decided by the head office, and they dare not agree to it.
With Wilson's urging and threats from time to time, and while other lawyers continued to attack them internationally, these companies finally started negotiations with Director Jia and others again.
However, there is a big trouble here, that is, they cannot guarantee whether Director Jia's promise can be fulfilled. What if Director Jia agreed to them, but Taihua Supermarket Group and other companies came out to sue them
Or if some small company pops up to sue them, won't the trouble be endless
Wilson told them that Chinese enterprises generally would not go to court with state-owned enterprises. So as long as those companies become Huaxia State-owned Assets Holdings, all problems will be solved.
The assets of those companies are actually not low. They said that US$200 million would lead to bankruptcy, which is a bit exaggerated, but US$200 million would definitely break their capital chain.
So these companies came up with a good idea, which is to use the company's assets as collateral for loans and use the loans to pay compensation. Don’t you want shares of this company? Yes, you can take over a company with negative equity when the time comes.
Then let’s see if you, China, can still come up with the money to fill this hole. If it were to be filled, the controlling party would still have to be them. They don't believe that if Huaxia dares to play such a trick once, then China's reputation will be really bad, and no one will invest in it anymore.
To ensure that others will not sue these companies, they need representatives from the Thai-Chinese Supermarket Group and those online companies to sign an agreement to protect their interests. But Director Jia and the others have not noticed this at all.
"Director Jia, that's it. No problem, I can agree. And I'm also willing to help."
Director Jia found Feng Yu and told him the situation. Feng Yu agreed without saying a word. Let’s not talk about whether other companies can really think of suing those companies. Even if they do, as Director Jia said, when these companies become Huaxia State-owned Assets Control, small businesses will not dare to sue.
What Director Jia is most worried about is that if Feng Yu asks people to complain again, things will change too much.
After getting Feng Yu's promise, Director Jia beamed. If this thing is done, it will be a solid political achievement for him. Although I can’t say that he will definitely be promoted, the superiors will definitely be very satisfied with him. At least when he retires, he should be able to receive a half-level salary. Bar
With both parties interested in speeding up the negotiations, the negotiations went very smoothly. After John and the others heard that they had received Feng Yu's guarantee, they were immediately relieved.
As the world's richest man, Feng Yu will definitely not keep his promise. They even felt that Feng Yu's guarantee was more effective than Chief Jia's guarantee.
However, they told Director Jia that they needed to spend money to purchase the company's shares, and it was impossible for them to use shares as compensation. The purchase price must also be reasonable and cannot be arbitrarily lowered.
Director Jia also agreed to this together with a representative of a certain state-owned assets, who was here to negotiate the acquisition of shares in those companies.
Of course, all the shares of this company must not be taken away by the state-owned assets, and some must be given to local governments. But together, the shares of everyone must exceed 50%, and they must be on the board of directors to ensure that most.
Management rights can continue to be handed over to these foreign businessmen, after all, they are more familiar with the company. However, the power of the board of directors still needs to be in their own hands to prevent these foreign businessmen from causing mischief again.
A company that was singled out as a typical example and the weakest among these companies was compensated with a compensation of US$100 million. The amount claimed by other companies did not exceed US$50 million, and the total compensation was less than US$500 million. , setting a sky-high price in China’s claim history.
According to the calculations of Wilson and others, this claim amount is simply too low considering CCTV’s large viewing audience. But they also understood that this was what Feng Yu meant, and Feng Yu also signed some cooperation agreements with those law firms, and these law firms were very satisfied.
What's more, they can also get a share of more than 200 million in compensation, and they are still very satisfied. According to their understanding, in China, there is no compensation of tens of millions of RMB, let alone hundreds of millions of dollars. They have already made history.
What's more, this time, it also gives them the opportunity to enter the Chinese market. At least those companies with foreign trade business will be interested in his and their services. The reason why they can get such a high commission is because they belong to different countries. Speaking of which, the impact of this case is also shared by them. It was the idea of lawyers like them to ask for such high liquidated damages, and there are lawyers from your own country.
So the matter was resolved so quickly. The two parties settled out of court, and at the same time, these companies signed an equity transfer agreement with the state-owned enterprise.
When the state-owned assets took the funds obtained from CCTV and happily signed formal contracts with those companies, they realized that something was wrong.
First of all, for more than a month, the products of those companies have been seriously unsaleable, and production has been stagnant for a long time. However, workers' wages have also been suppressed for a month.
Secondly, the company has no money in its account. It is simply not enough to restart work, and it cannot even afford raw materials. But at this time, they discovered another problem. The company still owed a lot of loans to the bank. In this way, they were equivalent to spending money to buy back a burden.
When questioned by the representative of State-owned Assets, the other party was still convincing. We really couldn't afford to lose the money at the beginning, so we had no choice but to take out a loan. As for where the working capital has gone, isn't it gone if workers are paid wages and profits are handed over to the parent company as required
Now that the company has no money to start construction, should everyone contribute money according to the share ratio to prevent the company from completely stagnating first? And those loans, judging from the company's current sales situation, I'm afraid they may not be able to be repaid when they are due. Should we try to find a way to raise money to repay some first
Only then did the state-owned enterprise realize that they had underestimated the methods of these foreign businessmen. They were so happy to receive the shares that they forgot to check it carefully, and the contract was tampered with by the other party.
At that time, the accounts of those companies could not be blocked, otherwise the conflict would further intensify. Fortunately, the shares they wanted have been obtained, and the company has not become an empty shell. The brand, technology, workers, etc. are still there.
How can this state-owned asset have the money to continue investing? They still filled in the money given by CCTV to buy these shares. The most depressing thing is that those lawyers actually took half of the compensation. How could it be so high
After listening to Wu Zhigang's report, Feng Yu nodded slightly: "Sure enough, the other party took advantage of the loophole in the contract again? But it doesn't matter, it's just a lack of money. I'm willing to help. Gangzi, go talk to xx State-owned Assets Contact us to find out which companies we are willing to invest in.”
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Book club group, 520, 98, 468, welcome to join the group (To be continued.)