Chapter 129: Relentless Pursuit
After the video conference ended.
Wu Heguang, whose shirt was soaked on the back, took a breath and said, "Huh..."
The secretary beside him quickly poured him a glass of water.
"Secretary Zhang, notify Vice President Huang to hand over the work at hand, and then be responsible for entertaining the third-party acceptance personnel sent by Kaile Company. Ask him to delay the time as much as possible."
"Okay, I'll notify Vice President Huang right away."
Wu Heguang picked up the phone tiredly and dialed Kong Zhaolin's number.
"Hello? Uncle."
"Zhaolin, the situation has changed. Kaile Company is sending someone to inspect the equipment. Tell Engineer Li to refurbish the old equipment as soon as possible. We have limited time."
Kong Zhaolin on the opposite side could only grit his teeth and agree.
…
Luzon, Bandon Island Headquarters.
Li Qingye listened to Fili's report with a hint of contempt in his eyes: "A desperate struggle, launch the third wave of attack."
"Yes, boss."
Two days later.
Annan Chemical Company, which had previously purchased synthetic ammonia equipment from Donghua Group, also suffered a minor explosion. Although there were no casualties, the factory was forced to suspend production.
After investigation by the Annan Chemical Company, they found that the conversion tubes of the converter in the synthetic ammonia production equipment produced by Donghua Group had serious quality problems. Some of the conversion tube walls had a small amount of lattice defects, and after long-term high-temperature and high-pressure operation, they were prone to breakage from the lattice defect points.
This matter was immediately exposed.
On the day the incident was exposed, the stock price of Tung Wah Group in Hong Kong plummeted rapidly.
The short sellers, who had been prepared, quickly went out to hunt.
And the matter was not over yet. Later, several companies that purchased synthetic ammonia equipment from Donghua Group also secretly checked their own synthetic ammonia equipment, and two of them found defects in the conversion tubes.
At this time, executives of Kaile also spoke out, saying that it was necessary to re-evaluate Donghua Group's chemical equipment carefully.
This order caused Donghua Group's stock price to surge last year, but now it has become a death warrant.
After all, if Donghua Group fails to deliver the equipment in a timely manner, or if the equipment has major design flaws, the huge amount of liquidated damages and compensation will be enough to bankrupt Donghua Group.
The capital market reacts very quickly and realistically.
In addition to the short positions secretly controlled by the Smart People Company, other speculative institutions also quickly followed suit and shorted.
In less than three days, Donghua Group's share price dropped from 27.6 yuan per share to 13.3 yuan, basically being cut in half.
Even though Donghua Group issued an announcement stating that it would compensate for the losses and provide all users with a free comprehensive overhaul of their equipment, it still did not stop the stock from continuing to fall.
Wu Heguang was already in a state of panic at this time.
Faced with the risk of bankruptcy of Donghua Group, the investors are not fools. They do not want their stocks to become worthless pieces of paper, so many investors can only choose to cut their losses and leave.
Even the California Investment Bank (Morgan family), which secretly held 18.3% of Donghua Group's shares, quietly cleared out 15% of its shares, leaving only 3.3% to wait and see what happens next.
Li Qingye, who was in secret, ordered the financial office of the internal affairs department to absorb the chips quietly.
Through various offshore accounts and controlled soldiers, he manipulated hundreds of accounts and bought up Donghua Group's stocks in small quantities and multiple times.
At this time, the Financial Office held 24.6% of the shares, while Wu Heguang personally held only 34% of the shares. Together with the shares of other senior executives of the Donghua Group, the total was only 46.2%.
The next investigation by the acceptance company will be of vital importance.
…
April 26th.
After more than 20 days of fermentation, Donghua Group's equipment quality problems did not subside. Instead, they attracted attention from all parties due to the arrival of two third-party acceptance companies invited by Kaile Company.
Vice President Huang has also tried his best.
Pengcheng’s Donghua Equipment Manufacturing Plant, a well-known third-party company in China, and an internationally renowned third-party acceptance company.
Li Xinyi, with bloodshot eyes, and Kong Zhaolin, with a dry smile on his face, led the acceptance personnel into the test site.
Kong Zhaolin held up a pile of documents and introduced them: "Everyone, this is the equipment produced by our company. We tested it the day before yesterday. This is the test report, as well as the inspection reports of each key component."
The leaders of the two third-party acceptance companies were not polite either.
After all, this matter is of great importance. If they make mistakes in the acceptance, the reputation of their company will definitely plummet. Therefore, there is no point in thinking about turning a blind eye.
What's more, there are two acceptance companies doing this now.
More than a dozen professional chemical equipment inspectors flipped through the stack of documents and found that the documents were indeed flawless, but the subsequent actual testing was the key to this acceptance.
Since the conversion tubes of the converter were the focus of exposure this time, both acceptance companies started the actual measurement from here.
This has also been the focus of Li Xinyi and others these days. They have been renovating day and night, adding various treatments and replacing a new catalyst. As long as the pipes are not cut open and taken for testing, it will basically not be discovered.
The people at the acceptance company also knew that Donghua Group would definitely try its best to handle all the problems and they would not be detected so easily.
Careful cold machine testing was carried out for two days.
On the third day, the acceptance company finally got serious and requested a hot engine test.
Li Xinyi and Kong Zhaolin, who had been living in fear these days, breathed a sigh of relief when they saw that their use of the old conversion tubes had not been discovered.
As for the hot engine test, they had actually conducted it once before and did not find any problems.
Inside the control room.
Li Xinyi confidently ordered: "Everyone, take your positions and start the hot engine test."
"The power supply system is normal..."
"Conversion system..."
"synthesis……"
The equipment did run very smoothly, which made everyone feel a little more relaxed.
It’s just that the actual warm-up test requires 2 hours of full-load operation, and now only a dozen minutes have passed.
The people from the acceptance company were also waiting while checking various operating data and sensor feedback data.
At this moment, in the control system that controls the operation of the equipment, a cockroach spewed out a stream of acid on the signal transmission line connected to the heating furnace temperature sensor of the conversion system, and the sensor signal was immediately affected.
"Huh?" The inspector from the acceptance company saw the fluctuation in the heating furnace data.
Others began to notice this, too.
Li Xinyi and Kong Zhaolin secretly thought that something was wrong.
The fluctuation disappeared quickly, but the feedback signal from the thermal sensor also disappeared. The highly automated control system immediately sounded an alarm as soon as it lost some sensor data.
Li Xinyi covered his face, somewhat doubting his life.
"It seems that there are indeed some problems with your company's equipment!" The head of the international third-party acceptance company sneered.
Kong Zhaolin hurriedly explained: "It may be that there is a problem with the sensor circuit. This is a common minor problem in operation. We will solve it immediately."
At this moment, the controller responsible for controlling the amount of coal powder sprayed out also had problems and stopped spraying coal powder.
The problems that occurred one after another almost made the Donghua Group engineers present feel numb.
When the heads of the two acceptance companies saw this scene, they looked at each other and could only shake their heads.
"I'm very sorry. For the sake of the company's reputation, I will not give you an acceptance."
"Our company is the same. After all, the problem this time is a bit serious."
Upon hearing the news, Kong Zhaolin almost fainted. It was a bolt from the blue.
