Chapter 720 The Truth Comes Out
Speaking of Zheng Li, Song Yuanchao suddenly remembered something.
Hong Kong's wealthy people and big companies are accustomed to doing charity, and Shenghua's headquarters is in Hong Kong, so naturally it cannot avoid this.
Just like the last time Qin Zhengguo dragged Song Yuanchao to a charity reception, Shenghua also has a charity foundation under it, but this foundation is currently only doing some very ordinary charity work and is not open to the public. Even the staffing is not perfect at present.
However, the establishment of the foundation was decided by Song Yuanchao. The main purpose is many. On the one hand, it is to do charity and improve the image of the company. On the other hand, it is to avoid taxes. Charitable donations are tax deductible for companies. This is the case all over the world. In addition, the foundation has some other functions, which I will not discuss in detail here. Anyway, it is to prepare for the future.
Song Yuanchao suddenly felt that it would be a good choice to arrange for Zheng Li to take up a position in the foundation. Now the foundation is managed by Xu Hui, but Xu Hui is usually very busy and has no time to deal with the work of the foundation.
But Zheng Li is different. On the one hand, she has the time and the qualifications. As for her lack of ability, that doesn't matter. Anyway, the foundation's current configuration is not perfect, but there are people who specialize in specific work. It is not a bad thing to let Zheng Li go there to train and learn something from it.
Song Yuanchao thought about it and proposed this idea, Xu Hui agreed immediately and said that she could take time to guide Zheng Li. In addition, Xu Hui thought more deeply and suggested that Ying Caixia and Lin Yan could also work in the foundation together, which would be more appropriate.
Song Yuanchao thought Xu Hui's suggestion was good and agreed with a smile, but he said that Xu Hui would have to go and invite Ying Caixia and Lin Yan in person. He did not object to this, but he would not interfere with their choice. Xu Hui said happily that it was no problem and she was absolutely sure about this matter.
That night, everyone had dinner together at Uncle Li's house. The food was prepared by Aunt Dong and Zheng Li. Song Yuanchao was used to eating Uncle Li's food since he was a child. Tasting the familiar flavor, eating and chatting with familiar elders as well as Zheng Li and Xu Hui, it felt a bit like the lively atmosphere of an ordinary family.
The next day, Song Yuanchao slept in for a rare time and didn't get up until after nine o'clock.
After getting up, he took a shower and had breakfast. Just as he finished eating and cleaned up the dishes, Song Yuanchao was about to call Jinling to ask about the campus recruitment arrangements when the doorbell rang.
"Sister Hui?"
"Mr. Song, I have found out what Boss Liu is planning to do." At the beginning, Xu Hui said directly to Song Yuanchao in a hurry.
"Come in and talk." Song Yuanchao opened the door and invited Xu Hui in. After they sat down on the sofa in the living room, Xu Hui couldn't wait to start talking to Song Yuanchao.
Xu Hui told Song Yuanchao that after Song Yuanchao told her about his meeting and conversation with Liu Da yesterday, she had been thinking about this matter all night. She always felt that Liu Da was definitely not that simple, and it was impossible for him to give up the company he founded so easily.
As a successful person and a shrewd businessman, how could Liu leave the company so easily? Moreover, it was a company that he had founded himself.
Xu Hui felt that Liu must have some unknown considerations, and her analysis was the same as Song Yuanchao's judgment, and she felt that Liu was very likely to retreat in order to advance. But Xu Hui couldn't figure out how to do it and how to retreat in order to advance. She simply called Xiangjiang last night and asked her subordinates to conduct a comprehensive investigation.
Early this morning, Xu Hui received a phone report from her subordinates. Then she paid special attention to some of the latest news today. After summarizing all this information, Xu Hui immediately understood Liu's real intention. Without delaying for a moment, she hurried to report to Song Yuanchao.
"Are you saying that Liu is now continuously selling off his company's shares on the stock market?" Song Yuanchao sat up straight and asked solemnly.
"That's right!" Xu Hui said seriously, "I asked someone to check carefully. From the time Boss Liu officially announced his departure from the company to today, the trading volume of his company's stock in the market has increased a lot, and the stock price has also been falling."
"What are the details?"
"Look at this." Xu Hui came prepared and took out a piece of paper faxed from Hong Kong and handed it to Song Yuanchao. This was stock trading information about Da Liu Company, with detailed trading volume, stock price fluctuations, etc.
Pointing at the above content, Xu Hui told Song Yuanchao that Liu Da's company had always been profitable and its stock price had been rising steadily over the past two years. But since Liu Da announced his departure from the company, the company's stock price had begun to fall, and the trading volume had also increased significantly.
Xu Hui hadn't noticed this before. After all, it was normal for the stock to fluctuate as a result of Liu, the founder, suddenly leaving the company. This was in line with market rules.
But when Xu Hui thought about it yesterday and felt that Liu seemed to be doing something, especially the tactic of retreating to advance, Xu Hui asked someone to investigate and analyze the stock fluctuations of this company. When these things were faxed to Xu Hui via Hong Kong this morning, Xu Hui immediately saw the problem.
"From these, we can be sure that someone in the market has sold a large amount of the company's stock, causing the stock trading volume to increase and the stock price to fall sharply. In just over a week, the company's stock price has fallen by half, and judging from the trading information just fed back today, the decline is still continuing. If there are no accidents, this sharp drop will continue."
"So serious?" Song Yuanchao frowned and carefully looked at the information provided by Xu Hui, which indeed showed this.
"The company's board of directors didn't respond?"
"That's the point!" Xu Hui said, "I've also done some research on this. The company had invested a large sum of money in setting up a factory in Pengcheng, and before Boss Liu left the company, a large portion of the funds were used to purchase raw materials and equipment. Because of the current rise in international raw material prices, this decision was approved by the board of directors, and there is no problem with the procedure..."
"That means most of the company's funds have been withdrawn? As a result, the company currently has insufficient funds available?" Song Yuanchao asked back.
"That's right!" Xu Hui nodded. "The company will not remain indifferent to the sharp drop in stock prices, but the problem is that the company is currently short of funds. According to normal company operations, there is no problem with the reserved funds to maintain operations, but if we want to invest in the stock market to increase the stock price, this is far from enough."
"Mr. Song, look at this..." Xu Hui pointed at a few places on the paper and said, "According to analysis, the company rescued the market the next day and invested a lot of money to withdraw stocks from the market and raise the stock price. However, as soon as the funds were invested, a large number of short orders were placed in the stock market, and the stock price that had just been raised was directly suppressed."
"In the following days, the company tried this method many times, but it was useless every time. In addition, the news of Boss Liu leaving the company had a great impact on society, further exacerbating investors' loss of confidence in the company. Yesterday, judging from the trading situation, the company's board of directors should have basically given up the idea of continuing to push up the stock price, resulting in yesterday's stock price being the most serious drop in recent days..."
As Song Yuanchao was speaking, the phone in the living room suddenly rang.
Xu Hui quickly stood up and said, "I'm sorry, Mr. Song, I left your phone number with the headquarters. They should be looking for me."
Song Yuanchao nodded and motioned Xu Hui to answer the phone. Xu Hui quickly walked to the side and answered the phone. After saying a few words to the person on the other end of the phone, she hung up.
"I was just told by Xiangjiang that the company's stock price has plummeted by 36.7% since the market opened today. The current share price is less than one-sixth of what it was when Boss Liu was here."
"Haha, what a good trick, what a good trick..."
How could Song Yuanchao not understand after hearing this? Liu had played a big chess game! He had taken everyone into account from the beginning.
Song Yuanchao burst into laughter, and his laughter echoed in the living room.
No wonder. Liu looks like a loyal but treacherous person. How could he have such awareness? If he were a good person, he would have been devoured without leaving any bones. How could he become a rich man?
If Xu Hui had not thought about this carefully and checked it thoroughly, Song Yuanchao would still be in the dark. No wonder Liu Da assured her yesterday that there would be absolutely no problem in cooperation. After all the fuss, he had already been confident.
It's actually a simple matter. The company was founded by Liu, who was originally the company's largest shareholder and controlling party.
But after the company went public, Liu's shares were diluted. In addition, he sold part of his shares for cash after the listing, so the shares left in his hands were no longer enough for full control.
Even so, Liu is still the chairman of the board and the major shareholder of the company. However, due to the equity adjustment after the listing, even as a major shareholder, he has not reached the level of absolute control. In addition, some shareholders who joined the board of directors later had conflicts with Liu, or had different business philosophies. Liu has been fighting with them in the board of directors, but it is still difficult for him to gain the upper hand.
Everyone has about the same say, and even several shareholders combined have more shares than Liu, which is extremely disadvantageous to Liu. In this case, Liu simply turned the table over, using this move to retreat first and then advance, and directly withdrew from the company, leaving the entire company to his opponent. He took a step back and had a broader horizon, and he started to make use of the shares in his hands.
From the day he announced his resignation, Liu, who had been prepared for a long time, began to stir up trouble in the stock market, selling a large number of stocks to suppress the share price, forcing the company's shareholders to take action to stabilize the stock price and compete with him in the stock market.
Because of Liu's previous layout, the company's funds were not sufficient, and there was not much money available to stabilize the stock price. Liu also had a lot of shares in his hands, and he also had a lot of funds. He had already made preparations, and he not only drained the other party's funds, but also successfully suppressed the stock price.
If Song Yuanchao's guess is correct, Liu will continue to suppress the stock price until the other party can no longer bear it and begs for mercy, and then take advantage of the low stock price to buy back the shares, thereby once again completely controlling the company.
At this time, Liu, as the major shareholder with absolute control, had the final say within the company, and no one could threaten his position.
Once this step is completed, Liu will not only have eliminated his rival and achieved absolute control, but will also be able to make a fortune from the stock market. After taking back the company, he can use the cooperation with Shenghua to publicize it, thereby stimulating the market and raising the stock price, killing two birds with one stone.
