"Mr. Chen, the latest news, Shen's stock was suspended today!" The next morning, Song Xinyan called Chen Yi and told him a big news.

"What? Why is it suspended?" Chen Yi was surprised when he heard this. Recently, Shen's stock has been very stable, maintaining around 13 yuan. This suspension was a bit sudden.

"Because yesterday a media reported that the catering companies under Shen's Group used inferior gutter oil as cooking materials, which harmed consumers' health, resulting in the temporary suspension of trading of Shen's Group's stock!" Song Xinyan said.

"Okay, I understand, I will fly back to Yanjing immediately." Chen Yi put down the phone, immediately took the flight at noon, and flew back to Yanjing City.

Chen Yi returned to the Tengyi Electronics headquarters in Yanjing and immediately came to Song Xinyan's office to learn about the reasons for the suspension of Shen's stock.

"Mr. Chen, look at this report." Song Xinyan took out a newspaper and handed it to Chen Yi.

Chen Yi took the newspaper and took a closer look. The reporter secretly visited the restaurant chain store under Shen's Group and found that the kitchen oil was all the inferior oil that had no three-no. At first, the owner refused to say that it was bulk soybean oil, but after investigation, it was found that it was gutter oil.

Once this report was published, major media rushed to reprint it, especially Shen's catering competitors, which added fuel to the fire and exaggerated it, which had an extremely bad impact.

The catering institutions under Shen's Group mainly operate fast food restaurants and have long been committed to building the fast food leader in China, confronting foreign fast food such as KFC and McDonald's.

Once this report was released, the negative impact was far-reaching, and Shen Group was forced to suspend trading.

Chen Yi looked at the announcement of the suspension of shares of Shen Group again, saying: "The company's stock will be temporarily suspended from the opening of the market on July 12. Because the relevant media published reports that may have a significant impact on the company's stock trading price today, the company's stock will be subject to the relevant situation of the company and will resume trading after disclosure and clarification announcement through designated media."

"Sister Yan, it seems that Shen's group is in big trouble this time. It's really a mess. The weasel specializes in biting sick ducks!" Chen Yi sighed.

"Yes, the core industries of Shen's Group are medicine and catering. Recently, it can be seen from their actions that Shen's Group wants to protect these two major industries, and has given up all other marginal industries. Now, I'm afraid the catering position will also be lost." Song Xinyan said.

"Well, I suspect. This is a secret stumbling block from the competitors of Shen Group, which is also called taking advantage of the situation! There are so many restaurants that use gutter oil. Why do you choose to expose the fast food restaurants under Shen Group?" Chen Yi said in a deep voice.

"But the fly does not bite the eggs without any sewn. Shen's Group still has problems on its own, which makes people seize the handle. Recently, Shen's Group has been trying hard to find investors, ignoring the issue that ordinary people are most concerned about. It is reasonable to have such a big accident!" Song Xinyan said.

"Well, this is what makes it difficult to get back. But our opportunity has come. The more unfavorable the situation of the Shen Group, the greater the chance we will have to annex it." Chen Yi smiled.

"Yes, but it won't work if the situation gets out of control!" Song Xinyan said worriedly.

"It's okay. Haha, I believe that the lean camel is bigger than a horse. Shen Zhentang, the new president of Shen Group, has strong abilities. He can still control the current situation." Chen Yi said in a deep voice.

************

In the multi-functional conference hall on the twelfth floor of Shen’s Building, the board of directors of Shen’s Group is being held nervously, and the chairman of Shen’s Group was presided over the meeting.

Everyone's face is ugly. The quality problems exposed by Shen's catering recently have undoubtedly made the Shen's Group, which is in trouble, worsen.

Pharmaceuticals and catering are the two core industries that Shen's Group currently strives to protect. Now that catering has such a big problem, if it cannot be properly solved, it will have a chain reaction, accelerating the process of Shen's Group's bankruptcy.

"Xiuqin, your catering group must thoroughly find out the source of inferior soybean oil, deal with the relevant responsible persons, and make profound reflections and solemn promises to consumers to ensure that there are no quality problems!" Chen Kangnian stared at Shen Xiuqin and said seriously.

"Well, I have an unshirkable responsibility for such a problem. I decided from now on that, all fast food restaurants under Shen's Catering Group will be comprehensively rectified, and all purchase processes must be supervised by the public." Shen Xiuqin has been responsible for the catering industry of Shen's Group for a long time. She is a woman with a strong sense of career. This time, such serious quality problems can only be said that her subordinate fast food chain stores are bullying the superiors and concealing the subordinates, and she herself is out of reach.

"No, I think in order to reverse the current adverse situation, the promises to consumers should be more specific." President Shen Zhentang's eyes were shining with shiny eyes and said seriously: "For example, a reward reporting system was established. Some people found that Shen's fast food restaurant uses inferior soybean oil. Once the report is verified, the corresponding reward will be given to the reporter immediately. The amount can be set between 5,000 and 10,000 yuan. This can also show our importance to food safety and send a signal to the outside world that we are determined to keep the quality in check!"

"Okay, I will convene the middle and above leaders of the catering group to discuss the specific plan." Shen Xiuqin said.

"In fact, the problems encountered by Shen's Group are all due to shortage of funds. Therefore, we have to work together to contact major consortiums at home and abroad to obtain their funds for blood transfusions. This is the key to completely solving this financial crisis." Chen Kangnian emphasized with a serious expression.

"Oh, I have contacted many consortiums. The other party is either not interested in our group or the offer is too high. If you agree to the other party's conditions, the Shen Group will be in danger of being annexed by them." Shen Zhentang said.

"No! This time we must learn from the lessons of the last time the Qiao Consortium took over Shen's family. We would rather go bankrupt than hand over the control of Shen's family to others." Chen Kangnian said seriously.

"Does everyone disagree with the suggestion that Chen Yi would give him blood transfusion to the Shen Group?" Shen Zhentang glanced at Shen Zhenwei, who was sitting at the last place, and said in a deep voice: "After all, he has a blood relationship with our Shen family. In order to save the Shen family, I can transfer my 3% equity to him, as long as he can give our Shen family blood transfusion!"

"For this matter, let's wait!" Chen Kangnian looked hesitant. He still regarded himself as an elder of a big family and asked him to ask for financial assistance from a family's abandoned son, which made him feel completely embarrassed, so he has been hesitant.

"Oh, is the so-called face really more important than the future of the Shen Group?" Shen Zhentang sighed in his heart when he saw that everyone still couldn't make up his mind.

************

Two days later, the catering group under Shen's Group announced the results of the investigation on food quality issues, announced the names of fast food restaurants that harmed consumers' interests, and handed over the relevant responsible persons to judicial authorities for handling. At the same time, Shen's Catering Group solemnly promised consumers that a reward reporting policy will be implemented from now on. As long as the catering company under Shen's Group is found to have quality problems, once the report is verified, it will be rewarded between 5,000 and 10,000 yuan depending on the severity of the circumstances.

Although Shen's Group adopted a heavy blow to rectify the situation, when Shen's stock reviewed the next day, it was still affected by this incident. The stock closed down at a limit of 12.01 yuan.

Nowadays, ordinary people are paying more and more attention to food safety. Any company with food quality problems will decline at the least, its performance will decline, its vitality will be severely damaged, and it will be completely bankrupt at the worst.

The Shen Group is already full of holes and has such serious quality problems. The bad effects it has become difficult to eliminate in the short term.

Chen Yi asked Song Xinyan to continue to secretly buy Shen's shares from the secondary market, and the increase ratio should exceed that of Chen Kangquan, striving to become the largest shareholder of Shen's Group.

Another month later, Shen's stock fell to 10.20 yuan, and the Shen Group stock held by Chen Yi secretly had risen to 18%, which was basically the same as Chen Kangnian.

That afternoon, after inspecting the manufacturing base in Beishan District, Chen Yi drove back to the Tengyi Electronics headquarters in Zhongcheng District. When passing by Shen's Building on Fuxing Road, where Shen's Group is located, he found a group of people gathered at the door of Shen's Group, pulling a big banner protest slogan. The content on it was written very clearly, and he wanted Shen's Group to ask for salary, such as-

"You have to pay, you have to survive, and I will pay back three months of hard-earned money!"

"Protesting the Shen Group's layoffs for no reason! Discussing the incompetent management!"

When Chen Yi saw these slogans, he was secretly surprised: "Shen Group has not paid a salary for three months? It seems that the situation is getting worse and worse!"

The resigned and current employees of Shen Group who participated in the rally protest were all angry, and the protests were rising and falling. The gates of Shen Group were closed, and the security guards were on guard, and the scene was very tense.

After returning to the company, Chen Yi immediately went to Song Xinyan's finance office and asked her: "Sister Yan, the crisis of Shen Group is getting worse and worse now. According to your analysis, how long can Shen Group last?"

"It's August now. If there is no strong consortium intervention, I think it will not last this year at most!" Song Xinyan said.

"Oh, how much money can you mobilize at hand at the moment?" Chen Yi asked hurriedly.

"Some time ago, I spent 200 million to purchase 3% of Shen's Group's equity from the secondary market. Now Tengyi Electronics and Tengyi Real Estate have 500 million working capital in total." Song Xinyan said.

"This money is not enough. The second phase of the Tengyi New City project is planned to open at the end of the year. If the first phase can achieve a hot sales result, how much revenue will it bring?" Chen Yi asked.

"In addition to the ten high-rise buildings in the second phase, the second phase also has surrounding supporting shopping malls and other service facilities. Tengyi Real Estate plans to adopt a bidding situation. I expect to generate at least 300 million yuan in revenue, which is a total of 500 million yuan." Song Xinyan said...)
Chapter completed!