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Chapter 381 Panic Fall 【Subscribe! 】
Chapter 381 Panic Fall 【Subscribe! 】
Zhong Jingshan originally wanted to hide from the limelight for a few days, but as the stock price of Tulip Theaters fell all the way, he finally couldn't stand it anymore.
The branch company ran out of money in its accounts and needed money to cover its positions and buy the shares of Tulip Cinemas. This matter had to be decided at a meeting of the board of directors.
This was not necessary before, because Zhong Jingshan and Nie Huan held more than 67% of the shares together, and had absolute control over the company.
However, Zhong Jingshan's personal shares are only 39.7%, which does not meet the minimum requirement of 51% relative control rights.
Now that Nie Huan is chasing him all over the world, it is naturally impossible for him to reach a common intention with Nie Huan.
So he could only secretly contact other members of the board of directors, hoping to gain the support of the major shareholders of the board of directors and pass the approval process for funding.
But when he contacted the major shareholders, he learned from their mouths that Nie Huan had already greeted them, telling them not to have any agreement with Zhong Jingshan in secret, and he planned to hold a board meeting to discuss the removal of Zhong Jingshan's director duty.
Nie Huan owns 28.1% of the company's shares and is also the chairman of the board of supervisors.
Although she usually doesn't participate in the company's management, at times like this, her words are still useful.
After learning about the situation, Zhong Jingshan finally couldn't take it anymore, and took the initiative to get in touch with Nie Huan.
After these few days, Nie Huan has calmed down a lot.
She has only one request now, and that is divorce!
Zhong Jingshan definitely did not agree to the divorce. If he divorced, Nie Huan would have to divide half of his property, and he would lose control of New Century Film and Television.
New Century Film and Television started with his father and two generations of hard work laid the foundation. He definitely cannot give up.
So, he wanted to ask Nie Huan for an interview, but Nie Huan directly rejected him and asked him to come to the board of directors and talk in the company.
Nie Huan wanted to slap him in the face in front of the whole company, but Zhong Jingshan could only pinch his nose to admit it.
He doesn't care about who is messing with him anymore, he just wants to keep New Century Film and Television, and keep the shares of Tulip Cinemas that he worked so hard to get overseas.
On the day of the board meeting, he returned to the company.
The middle- and lower-level employees of the company didn't know what happened, but the upper management basically heard about the news and treated him very carefully, for fear of offending him.
After all the directors arrived, Zhong Jingshan came to the conference room.
When he saw Nie Huan sitting in the conference room, he almost ran away.
But for the sake of property, he still resisted and sat down.
The board meeting officially started, but as soon as Zhong Jingshan opened his mouth, Nie Huan had a fit, crying and rushing towards him, fighting with him.
All of a sudden, the meeting room was full of chickens and dogs, and everyone in the company was shocked.
After playing on and off for two hours, the meeting room finally became quiet.
Nie Huan was tired.
With traces of being scratched on his face, Zhong Jingshan sat down again, calmly greeted the directors to sit down, and continued the meeting.
Since he chose to come, he was ready to lose face.
A man can bend and stretch, and keeping assets is the most important thing, and everything else is easy to talk about.
Now that the fights have been fought, and people have been lost, we can finally talk about business.
Zhong Jingshan proposed to allocate funds to the branch of the Principality of Europa to buy the stocks of Tulip Cinemas to cover the position.
But Nie Huan, who had recovered a bit, immediately raised a fierce objection.
She thought that Zhong Jingshan was transferring assets and pumping the company's blood to subsidize overseas branches.
Zhong Jingshan couldn't help arguing with her, and after a few words, the anger between the two parties rekindled, and they fought again immediately.
Seeing the two of them doing martial arts, the directors stepped forward to dissuade them, while exchanging eyes helplessly.
It is estimated that this matter will not be settled for a while.
When New Century Film and Television was in chaos, another piece of news broke out from the Principality of Europa, which aroused heated discussions across the Internet.
It was a lawsuit. The plaintiff was the gardener of the Feynman Brothers Castle, and the defendant was the elder brother of the Feynman Brothers. The reason was the same as the previous problem with the Tulip Cinemas, and it was also arrears of wages.
The Feynman Brothers are the controllers of the Tulip Cinemas, and they are also members of the old family. They can't even pay the gardener's salary?
What's happening here?
Could it be that the Feynman brothers, who have always been glamorous in the media, have no money?
Netizens don't believe it, but they can't stand the overwhelming hype on the Internet.
Many media have listed the investment failure cases of the Feynman family in recent years, and finally came to the conclusion that the Feynman family has become an old locust tree with a dry heart—a strong outsider but a dry one.
Especially the two Feynman brothers, affected by the wave of short selling last year, their assets have shrunk sharply, and they have begun to sell their properties.
Some media broke the news that Feynman's brother was selling a luxury yacht. As we all know, it was the wedding boat that Feynman's brother bought when he got married. He would drive it every year for vacation, and now he is going to sell it?
Not only that, the media also discovered that Feynman's brother was selling a large flat-story mansion in the center of Bari. The price tag was hundreds of millions, but it was still about 10% lower than the market price.
As a result, netizens immediately became excited.
What everyone likes to watch most is when other people are unlucky, especially the rich.
It turned out that the well-known rich man had actually gotten so mixed up in private that he wanted to sell his house to tide over the difficulties.
However, this is not over. The day after the relevant news broke, Feynman Brothers announced a decision.
In order to withdraw funds, Feynman Brothers decided to sell its shares in Tulip Cinemas. The initial plan was 3%.
3% is already a large share, even enough to enter the board of directors.
Most importantly, since the Feynman Brothers held shares in Tulip Cinemas, there has been basically no such large-scale sell-off.
Even if there is buying and selling, they are all traded in the range of more than 50%, always guaranteeing a 50% safety line.
But this time, the shares held by the Feynman Brothers are only 50.2%. If they sell 3%, it means that the Feynman Brothers have given up their controlling stake in Tulip Cinemas!
Could it be that the economic situation of the Feynman Brothers has deteriorated to such an extent?
After the news broke out, it immediately triggered panic in the market.
Within the first hour after the news appeared, the stock price of Tulip Cinemas began to decline at an accelerated rate.
The stock price of Feynman Brothers also fell like a cliff.
When market confidence disappears, there will be a stampede effect.
Although the stock price of Tulip Theaters fell before, many wanderers and retail investors did not give up and have been working hard to raise funds to cover their positions.
Their source of confidence is the Feynman Brothers.
As long as the Feynman Brothers still have a controlling stake in Tulip Cinemas, the stock price of Tulip Cinemas will recover sooner or later.
But this time, they panicked.
The Feynman Brothers actually gave up their controlling stake and began to sell the shares of Tulip Cinemas in large sums!
In an instant, a large number of hot money began to leave the market, and a large number of stockholders also cut their flesh and began to sell.
The stocks of Tulip Cinemas have panicked declines!
Chapter 5
(End of this chapter)
Zhong Jingshan originally wanted to hide from the limelight for a few days, but as the stock price of Tulip Theaters fell all the way, he finally couldn't stand it anymore.
The branch company ran out of money in its accounts and needed money to cover its positions and buy the shares of Tulip Cinemas. This matter had to be decided at a meeting of the board of directors.
This was not necessary before, because Zhong Jingshan and Nie Huan held more than 67% of the shares together, and had absolute control over the company.
However, Zhong Jingshan's personal shares are only 39.7%, which does not meet the minimum requirement of 51% relative control rights.
Now that Nie Huan is chasing him all over the world, it is naturally impossible for him to reach a common intention with Nie Huan.
So he could only secretly contact other members of the board of directors, hoping to gain the support of the major shareholders of the board of directors and pass the approval process for funding.
But when he contacted the major shareholders, he learned from their mouths that Nie Huan had already greeted them, telling them not to have any agreement with Zhong Jingshan in secret, and he planned to hold a board meeting to discuss the removal of Zhong Jingshan's director duty.
Nie Huan owns 28.1% of the company's shares and is also the chairman of the board of supervisors.
Although she usually doesn't participate in the company's management, at times like this, her words are still useful.
After learning about the situation, Zhong Jingshan finally couldn't take it anymore, and took the initiative to get in touch with Nie Huan.
After these few days, Nie Huan has calmed down a lot.
She has only one request now, and that is divorce!
Zhong Jingshan definitely did not agree to the divorce. If he divorced, Nie Huan would have to divide half of his property, and he would lose control of New Century Film and Television.
New Century Film and Television started with his father and two generations of hard work laid the foundation. He definitely cannot give up.
So, he wanted to ask Nie Huan for an interview, but Nie Huan directly rejected him and asked him to come to the board of directors and talk in the company.
Nie Huan wanted to slap him in the face in front of the whole company, but Zhong Jingshan could only pinch his nose to admit it.
He doesn't care about who is messing with him anymore, he just wants to keep New Century Film and Television, and keep the shares of Tulip Cinemas that he worked so hard to get overseas.
On the day of the board meeting, he returned to the company.
The middle- and lower-level employees of the company didn't know what happened, but the upper management basically heard about the news and treated him very carefully, for fear of offending him.
After all the directors arrived, Zhong Jingshan came to the conference room.
When he saw Nie Huan sitting in the conference room, he almost ran away.
But for the sake of property, he still resisted and sat down.
The board meeting officially started, but as soon as Zhong Jingshan opened his mouth, Nie Huan had a fit, crying and rushing towards him, fighting with him.
All of a sudden, the meeting room was full of chickens and dogs, and everyone in the company was shocked.
After playing on and off for two hours, the meeting room finally became quiet.
Nie Huan was tired.
With traces of being scratched on his face, Zhong Jingshan sat down again, calmly greeted the directors to sit down, and continued the meeting.
Since he chose to come, he was ready to lose face.
A man can bend and stretch, and keeping assets is the most important thing, and everything else is easy to talk about.
Now that the fights have been fought, and people have been lost, we can finally talk about business.
Zhong Jingshan proposed to allocate funds to the branch of the Principality of Europa to buy the stocks of Tulip Cinemas to cover the position.
But Nie Huan, who had recovered a bit, immediately raised a fierce objection.
She thought that Zhong Jingshan was transferring assets and pumping the company's blood to subsidize overseas branches.
Zhong Jingshan couldn't help arguing with her, and after a few words, the anger between the two parties rekindled, and they fought again immediately.
Seeing the two of them doing martial arts, the directors stepped forward to dissuade them, while exchanging eyes helplessly.
It is estimated that this matter will not be settled for a while.
When New Century Film and Television was in chaos, another piece of news broke out from the Principality of Europa, which aroused heated discussions across the Internet.
It was a lawsuit. The plaintiff was the gardener of the Feynman Brothers Castle, and the defendant was the elder brother of the Feynman Brothers. The reason was the same as the previous problem with the Tulip Cinemas, and it was also arrears of wages.
The Feynman Brothers are the controllers of the Tulip Cinemas, and they are also members of the old family. They can't even pay the gardener's salary?
What's happening here?
Could it be that the Feynman brothers, who have always been glamorous in the media, have no money?
Netizens don't believe it, but they can't stand the overwhelming hype on the Internet.
Many media have listed the investment failure cases of the Feynman family in recent years, and finally came to the conclusion that the Feynman family has become an old locust tree with a dry heart—a strong outsider but a dry one.
Especially the two Feynman brothers, affected by the wave of short selling last year, their assets have shrunk sharply, and they have begun to sell their properties.
Some media broke the news that Feynman's brother was selling a luxury yacht. As we all know, it was the wedding boat that Feynman's brother bought when he got married. He would drive it every year for vacation, and now he is going to sell it?
Not only that, the media also discovered that Feynman's brother was selling a large flat-story mansion in the center of Bari. The price tag was hundreds of millions, but it was still about 10% lower than the market price.
As a result, netizens immediately became excited.
What everyone likes to watch most is when other people are unlucky, especially the rich.
It turned out that the well-known rich man had actually gotten so mixed up in private that he wanted to sell his house to tide over the difficulties.
However, this is not over. The day after the relevant news broke, Feynman Brothers announced a decision.
In order to withdraw funds, Feynman Brothers decided to sell its shares in Tulip Cinemas. The initial plan was 3%.
3% is already a large share, even enough to enter the board of directors.
Most importantly, since the Feynman Brothers held shares in Tulip Cinemas, there has been basically no such large-scale sell-off.
Even if there is buying and selling, they are all traded in the range of more than 50%, always guaranteeing a 50% safety line.
But this time, the shares held by the Feynman Brothers are only 50.2%. If they sell 3%, it means that the Feynman Brothers have given up their controlling stake in Tulip Cinemas!
Could it be that the economic situation of the Feynman Brothers has deteriorated to such an extent?
After the news broke out, it immediately triggered panic in the market.
Within the first hour after the news appeared, the stock price of Tulip Cinemas began to decline at an accelerated rate.
The stock price of Feynman Brothers also fell like a cliff.
When market confidence disappears, there will be a stampede effect.
Although the stock price of Tulip Theaters fell before, many wanderers and retail investors did not give up and have been working hard to raise funds to cover their positions.
Their source of confidence is the Feynman Brothers.
As long as the Feynman Brothers still have a controlling stake in Tulip Cinemas, the stock price of Tulip Cinemas will recover sooner or later.
But this time, they panicked.
The Feynman Brothers actually gave up their controlling stake and began to sell the shares of Tulip Cinemas in large sums!
In an instant, a large number of hot money began to leave the market, and a large number of stockholders also cut their flesh and began to sell.
The stocks of Tulip Cinemas have panicked declines!
Chapter 5
(End of this chapter)
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