Chapter 205 Shen's stock bottoms out
"I have considered it a long time ago. In this crisis, Qiao Yanqiu is Shen Zhenwei's wife and Chen Tai is also his son. Now that these two people have all gone with money, shouldn't he be responsible?" Chen Kangnian said seriously with a sharp gleam flashing in his eyes.
"Dad, I am willing to accept all the punishments from the group to me, so let Zhentang be the president! I hope the Shen Group can survive the crisis and regain its glory under his leadership!" Shen Zhenwei knew what his father meant. If such a big change happened to the group, someone must stand up and take responsibility! Removing his position as president is also a strong signal to the outside world that the Shen Group must carry out necessary reorganization, so that it will be conducive to smoothly overcome the current crisis.
The other leaders of the group showed a hint of joy on their faces. Shen Zhenwei was the president for many years, and at the mercy of Qiao Yanqiu, he has never done anything. Now he has replaced Shen Zhentang, who is young, promising and extremely capable, and there is great hope for the revitalization of the Shen Group!
The next day, the news that Shen Group removed all positions from President Shen Zhenwei and appointed Shen Zhentang as the new president began to be announced on major portals and financial websites and quickly fermented.
The resume of the new president Shen Zhentang has also been widely reprinted. After all, Shen's Group is one of the top 100 listed companies in the country. It has recently experienced such a big crisis, which has attracted the attention of many media. Even the New York Times and Washington Times, which are far away in the United States, have published similar news.
Judging from the market reaction, investors generally expressed support for this appointment. The share price of Shen Group rose slightly on that day, but overall it was still a downward trend.
"Mr. Shen Zhenwei has been contacted for the position of president, and the new president is his younger brother Shen Zhentang."
Chen Yi, who was far away in the headquarters of Tengyi Real Estate Company in Nanzhong City, received a message from Lin Fei, the Public Relations Department.
"Okay, I understand. Continue to pay close attention to the latest developments in the situation." Chen Yi gave Lin Fei the latest order, leaned on the back of the chair, and fell into deep thought.
In fact, Shen Zhenwei was removed from his position as president, which was not beyond Chen Yi's expectations. Shen Zhenwei should bear the main responsibility for this crisis.
Chen Yi also knew very well that his plan to annex the Shen Group was completely correct!
Although Chen Tai has confirmed that he is not Shen Zhenwei's son. Even if Shen Zhenwei recognizes Chen Yi, the only biological son, Chen Yi will not be able to take over the Shen Group in the future. Because Shen Zhenwei has encountered a serious trust crisis in the family through this incident and will never recover from now on.
Besides, Chen Yi would not recognize Shen Zhenwei as his father. After all, Shen Zhenwei did something that was sorry for him and his mother in the past, including Chen Kangquan and Shen Kangnian, who were responsible. Chen Yi had long publicly declared: "The Shen family invited me back with eight-carriage sedan chairs. I would not go back."
The implication is that he will not return to the Shen family and become a member of the Shen family, nor does he care about inheriting the little property of the Shen family. His ultimate goal is to annex the Shen family group and change the dynasty. He is the master of the family!
Chen Yi had such an idea, which seemed arrogant. In fact, it was the only way to go to the bright road. Although it was very difficult, as long as he determined the direction, he had to move on.
Chen Yi stayed in Nanzhong City for three days, and then flew back to Yanjing City. Recently, Tengyi Electronics' stock price is running at a high level. He is eager to reduce his holdings and cash out to gain more funds for the future acquisition of Shen Group.
The rise in Tengyi Electronics' stock price was all secretly operated by Song Xinyan. She used the "Sanyang Kaitai", the largest stock trading alliance in the country, which she controlled, to spread the good news that Tengyi Electronics is about to launch tablets to seize the market. At the same time, it also used the accounts of several retail investors to hype up stocks.
Of course, in order to avoid being noticed by the China Securities Regulatory Commission, the increase should not be too high, Song Xinyan plans to raise the share price to 12 yuan per share, and then starts to reduce her holdings and cash out.
"Mr. Chen, today there is a major situation to report to you - the stock price of Shen Group has bottomed out and rebounded!" As soon as Chen Yi arrived at the Financial Director's Office, Song Xinyan informed him of the latest news.
"How is this possible?" Chen Yi stared at the instant stock analysis chart of Shen Group on Song Xinyan's computer and said in surprise.
"I feel that there is a large securities institution that serves as the main force to protect Shen's market!" Song Xinyan said seriously.
"Yes, Shen's Group's stock rose as soon as it opened today. Now it has risen to 15 yuan, with an increase of more than 7%, driving the pharmaceutical sector and catering sector to collectively rise." Chen Yi said, looking at the stock analysis chart.
Shen's Group mainly engages in medicine and catering, and is one of the top 100 listed companies, which has a great impact on these two sectors.
"Well, the lean camel is bigger than a horse. Shen Group still found an institution to protect their market. At present, it seems that there is little possibility of a sharp decline in the short term." Song Xinyan said.
"Sister Yan, can you use your relationship to investigate? Which organization is helping Shen Group protect the market?" Chen Yi's eyes rolled and asked in a deep voice.
"Yes, but I have to wait a few days." Song Xinyan said softly.
"Well, you have been paying close attention to the changes in the stock price of Shen Group these days, and at the same time find ways to quickly raise our Tengyi Electronics stock to the expected level. I can reduce my holdings and cash out." Chen Yi said seriously.
"Okay, no problem." Song Xinyan said with a faint smile.
Recently, Tengyi Electronics will organize a large-scale product launch conference to publicly issue the company's newly developed Tengyi Elegant tablet computer. The time for this product launch conference will be set on December 1 of this year.
There are nearly ten days left before the press conference. This is the most important event of Tengyi Electronics this year. If it can be operated successfully, Tengyi Elegant tablets will quickly seize market share. At the same time, affected by this positive news, Tengyi Electronics' stock may rise to a new level.
Therefore, in recent days, all employees of Tengyi Electronics have been nervously preparing for the relevant content of the product launch conference, striving to win a good start.
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In the conference hall on the 12th floor of Shen's Building, the board of directors of Shen's Group is in progress. The expression on each director's face is a little relaxed than before, because the situation of Shen's Group has been relatively stable recently. Through the auction of some marginal assets, some life-saving funds have been obtained to maintain Shen's Group's daily expenses.
At the same time, after becoming the new president of the group, Shen Zhentang contacted a relatively large domestic securities company through personal relationships, purchased Shen's stocks and protected Shen's market. Under the leadership of this institution, he attracted several small securities companies to buy heavily, stabilizing the share price of Shen's Group.
At the close of today, Shen Group's stock price rose to 15.09, with a significant rebound momentum at bottom.
Shen's Group has temporarily survived, but the crisis is far from being resolved. This time, the board of directors is discussing the recent development situation of the group and formulating a plan to completely resolve the crisis of Shen's Group in the next step.
Acting Chairman Chen Kangquan took the lead in speaking, and a faint smile appeared on his cold and gloomy face: "First of all, I want to emphasize to Shen Zhentang, the new president and financial director of our Shen Group. This time he contacted Shen Blue Securities and promised to protect our Shen Group and stabilize the stock price. He is a meritorious minister of our Shen Group. Please give a speech to President Shen Zhentang!"
As soon as the words were finished, the directors present burst into warm applause.
"Hello everyone, objectively speaking, I was ordered to be in danger. This is not an exaggeration. Although we have a temporary chance to breathe, the crisis within the Shen family still exists, and the vitality is severely damaged. If you want to completely get rid of the current dilemma, you must agree together. Let me put forward a suggestion on the financial reform of the Shen family group. I hope everyone will study it carefully." Shen Zhentang said.
A secretary copied more than 30 copies of the financial reform plan drafted by Shen Zhentang and distributed it to the directors present one by one.
This fiscal reform plan is more specific, mainly to tighten policies, save expenses, reduce the expenses of various activities, and improve work efficiency. The current directors are very clear that Shen’s current crisis is very serious and it is difficult to overcome the crisis without implementing strict fiscal reforms.
Therefore, this fiscal reform plan was passed on the board of directors at an overwhelming advantage.
Shen Zhentang's eyes were filled with joy. After this proposal was approved, Shen's Group had greater hope of surviving this crisis.
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Three days later, Song Xinyan came to Chen Yi's chairman's office and reported to him: "Mr. Chen, I have investigated the main organization that protects the Shen Group..."
"Which institution is it?" Chen Yi put down the work in his hand and asked hurriedly.
"The main thing is Deep Blue Securities! This is a new securities institution in China in recent years. Its strength is quite good and is a securities institution with a lower rank. At present, the stocks of this institution have been listed on the SME Board." Song Xinyan said.
"Oh, Sister Yan, it's obvious that this institution wants to buy at the bottom and go long. If we want to acquire Shen's Group and realize the plan of toad swallowing elephants, we must not let this institution mix up the situation we have designed so hard. So I think measures should be taken against this Deep Blue Securities immediately." Chen Yi said with a serious expression.
"Yes, in fact, this institution is also speculative in its intervention in Shen's Group. The funds invested are about 200 million to 300 million. The funds we can use are more than 500 million, and we have the strength to suppress it." Song Xinyan said.
"Haha, of course, if you have a 'female Buffett' from China like Sister Yan, you want to play stocks with us, isn't that going to show off your skills?" Chen Yilang smiled.
"Oh, don't put a high hat on me. Let's be more low-key. After all, Shen's Group is a lean camel bigger than a horse, so it's not easy to acquire it." Song Xinyan said with a serious expression. (To be continued...)
Chapter completed!