Reinventing the Millennium

On Sunday night, Fang Zhuo, who had returned to Shanghai, received a call from Lao Ni.

The head of Changhong gave a brief report on what happened today, using relatively decent words to express everyone's opinions on the decision-making, themselves, and Mr. Xiao Fang, such as "a child with a yellow mouth", "an old man" and "collusion between internal and external parties". .

Fang Zhuo became more and more enthusiastic as he listened to Lao Ni's talk, and stopped the report: "Okay, I got it, there doesn't seem to be anything surprising."

"Well, everyone is very indignant. All the directors..." Ni Runfeng took a deep breath, "All the directors of Changhong Electric are opposed. Except for me, everyone else voted against it."

Changhong Electric has a total of nine directors, and the other eight are representatives of the controlling shareholder Changhong Group, senior executives of the company, and representatives of administrative state-owned assets.

It is precisely in this situation that Ni Runfeng previously believed that this was an unsolvable situation and could only be patched up. Any changes to corporate strategy must be done with caution, as "governing a big country is like cooking a small fish."

But now, Xiao Fang always has to hold up the machete and chop it down directly, smashing it to pieces without caring about anything!

"Okay, Changhong stock has had a very good increase in the past few days, and the trading volume is also very high, so there should be no problem." Fang Zhuo was not in a bad mood, and said, "You'd better reorganize the board of directors to avoid recurrences and improve future decision-making. s efficiency."

Ni Runfeng was stunned for a moment and said hesitantly: "Would you like to take advantage of this time? What should we do?"

Fang Zhuo wondered: "Divide, win over, and attack, what else?"

"Lao Ni, do you still need me to teach you? You have been a leader for so many years after all. Should I send someone from Yike to guide your work?"

Ni Runfeng was ashamed, but it was not impossible to come to guide the work...

The two ended the call.

Fang Zhuo put down his cell phone and took another look at Changhong's rising trading volume.

On the Friday before the market closed, the trading volume on this day was as high as 4.7 million hands.

So, who are buying stocks?

What a mystery.

On February 19, Monday, at 8 o'clock in the morning before the stock market opened, Sina released an interview with Chairman Fang Zhuo. The content was mainly about his recent work arrangements. It mentioned the cooperation between overseas and Changhong. Continue to evaluate before deciding whether to implement it.

The market opened in the morning. Affected by this news, Changhong did not continue the crazy rise of the previous week. After trading slightly sideways, it fell below the 10 yuan mark and closed at 9.96 yuan, a drop of 4.4% on the day.

In the evening, Ni Runfeng held the second board meeting.

However, Deputy Director Mu Wenrui did not even arrive. In the end, due to the insufficient number of people, it had no unnecessary effect other than continuing to receive a lot of scolding.

The fluctuations in Changhong's stock price are considered normal fluctuations. In the eyes of people close to the insider, the news in the morning is not risky at all. Fang Zhuo has even signed the contract and his leaders have seen it. How could he not execute it?

On the contrary, some people took this opportunity to cover their short positions.

On February 20, "China Securities News" published a report, mentioning the clarification from Yike Company that Yike has never cooperated with Changhong in any form. The so-called overseas channel company is just a newly established third party by Mr. Fang Zhuo. The company has nothing to do with Yike.

The reporter also wrote that he specifically called Mr. Fang to confirm the news.

Moreover, there is another piece of breaking news. This third-party company is reviewing APEX's qualifications. It has doubts about whether the 1.48 billion yuan of products it retains from Changhong are qualified, and it is very likely that the contract between them will be deemed invalid.

On this day, affected by this news, Changhong's stock price fell to the limit, closing at 8.96 yuan, which has already fallen below the purchase price of many people. Many investors were shocked by the figure of 1.48 billion.

Ni Runfeng held the third board meeting in Fucheng and reiterated the acquisition and technology upgrade decisions in an extremely calm manner.

Vice Director Mu Wenrui sat in the conference room with great enthusiasm, and was still the first to push back: "Mr. Ni, I think this acquisition is nothing to talk about. Changhong can't even manage itself. As for the liquid crystal technology, just like Mr. Fang What he said is that he also believes that this is something that needs to be done carefully and not be decided in such a hurry.”

Although the title was changed to "Mr. Ni, Mr. Fang", there were still several directors in the conference room who hesitated to speak.

The scenes of scolding and rebuke in the previous two meeting rooms did not recur. The directors generally believed that such a major matter should be discussed more.

Ni Runfeng did not insist and ended the meeting peacefully.

The next day, the 21st, Changhong did not refute the rumor of 1.48 billion, and there was no new news from Yike and Fang Zhuo.

In the morning, Changhong's stock price fell to the limit again, with the stock price reaching 8.06 yuan, falling below the psychological price of many people.

This situation finally made people unable to sit still.

That night, Fang Zhuo received a call from Secretary Wang, the leader of Sichuan and Shu.

"Mr. Fang, are there any difficulties in overseas cooperation between you and Changhong? We can work out a solution together." Secretary Wang went straight to the topic cheerfully.

"Oh, Secretary Wang, there is no problem between Changhong and I." Fang Zhuo said calmly, "I discovered the problem in the cooperation with APEX. The goods APEX took away were all OEM products. The one I am inspecting now There are a lot of substandard TVs in some warehouses, so the agreement needs to be reviewed."

Secretary Wang was silent for two seconds and said: "That can be coordinated, Mr. Fang, the news from you has caused Changhong's market value to suffer a big drop. This has caused many employees of Changhong to talk about it, and even stopped work and production. We Can we make a statement about this to calm the minds of the employees?"

Fang Zhuo said in shock: "Is there such a thing?"

He said with a hint of grievance: "Secretary Wang, even if we make a statement, we have to wait until our overseas review with APEX is completed. These products are not a small amount, with a loss of more than one billion. How can I explain to the people here? ?I didn’t make this mess, so you can’t pour it on me, right?”

"Mr. Fang, that's not what I meant." Secretary Wang said this, but his voice was deep. "Changhong is a national enterprise and has the concern of Sichuan and Sichuan leaders and all walks of life. We cannot live up to this concern."

Fang Zhuo asked calmly: "National enterprise? I am also a Han nationality. Can the enterprise I founded be counted like this? Secretary Wang, I don't quite understand what you mean."

"Mr. Fang." Secretary Wang said earnestly, "You understand what I mean, but you don't understand our feelings for Changhong. At the beginning, Changhong was waving the banner of industrial service to the country. It has been extremely difficult to develop until now. It is not easy and very difficult. easy."

Fang Zhuo said with emotion: "Actually, Secretary Wang, I understand your feelings, but you don't understand that I already understand you."

"Because the semiconductor project I am working on in Luzhou is to serve the country through industry. Secretary Wang, it is not easy for me either. Let's understand each other."

No oil or salt is allowed!

Secretary Wang’s phone call had no effect.

He angrily told several people that the richest man in the country who was riding a horse seemed to have changed into a man who was riding a horse after leaving Sichuan!

Much later, Mu Wenrui, the vice director of Changhong Group, called Fang Zhuo and asked angrily: "Mr. Fang, what do you want?"

Fang Zhuo replied: "I don't want anything."

"Mr. Fang, you have no integrity or business ethics at all, and everyone is watching!" Mu Wenrui scolded, "Administrative leaders and colleagues in the industry, don't you think about the consequences!"

"Who are you talking to?" Fang Zhuo replied with four words contemptuously, hung up the phone, and blocked the number directly.

From that night to the next day, many people went out of their way to express their opinions to Mr. Fang, but his stubbornness and indifference caused Changhong's stock price to fall to 7.26 yuan.

It opened at 7.53 yuan on February 12 and closed at 7.26 yuan on February 22.

In the meantime, Changhong's market value has changed by billions, and it seems that it has not yet hit the bottom. The overseas product news confirmed by the country's richest man is as high as billions!

If this problem cannot be solved, Changhong's stock price will not recover.

However, even so, Fang Zhuo still has a bombshell of Changhong's more than one billion receivables that has not been released.

The country's richest man is unable to make money, and Changhong's stock price continues to fall. Even the company issued announcements to clarify the overseas situation to no avail, and it cannot dispel the concerns of investors at all.

By the time the stock price fell to 6.25 yuan, Changhong's market value had changed from 14.5 billion on February 12 to 12 billion.

Under this situation, Ni Runfeng held the fourth board meeting in Fucheng.

He didn't say much, but still raised the issues he wanted to study in these meetings.

There was an extremely strange atmosphere in the conference room.

Deputy Director Mu Wenrui smashed the documents on the desk, and everyone else's hearts jumped.

Even Ni Runfeng was shocked. Could it be that Mr. Mu was not such and such a person, but such and such a person?

Mu Wenrui said with a straight face: "Who disagrees? Say it and I will hear your reasons."

No one spoke.

Mu Wenrui said sadly: "Changhong is in a precarious time. We need to unite all the forces that can be united. Did Mr. Fang's money come from the strong wind?"

"I finally figured it out. Mr. Fang is here to help us Changhong."

"President Fang pointed out the technical route to us and brought industry experts to give us lessons. Don't we still cherish it and cherish it after seeing it?"

"You are talking about this and that, do you have the ability to do a good job in Changhong?"

"You are capable, why aren't you the richest man in the country?"

“Today, let’s see who disagrees!”

The deputy director was still angry and kept the atmosphere of this board meeting consistent with the first meeting.

In the end, the board of directors unanimously approved the acquisition of Luzhou Meiling and the direction of upgrading LCD technology amidst Mu Wenrui's anger.

That night, Mu Wenrui took the collective opinions of Changhong's board of directors to forcefully resist the intervention of Fucheng administration.

He stiffened his neck and made an impassioned speech: "Business management has its own laws. If Changhong misses development opportunities, you will all be responsible!"

The next day, Shanghai City stated that APEX's products were substandard, but not all of them were substandard. There was hope that the cooperation agreement would continue to be implemented, and further negotiations with APEX were needed.

On this day, Changhong's stock price first fell and then rose, slightly higher than yesterday, closing at 6.75 yuan, still lower than the 7.53 yuan on the 12th.

Luzhou local government has received formal contact from Changhong and will seriously explore the cooperation space between Luzhou Meiling and Sichuan Sichuan Changhong.

Two days later, Zhao Yong, the deputy leader of Fucheng, where Changhong's headquarters is located, saw Changhong's announcement that it would acquire 20% of Meiling's shares for 120 million.

In just two days, a cooperation involving the status of the company's major shareholder ended with lightning speed.

Zhao Yong looked at the announcement and had only one helpless emotion in his heart. Changhong's defeat was not a crime of war or his own fault. He turned his hand to clouds and turned his hands to rain. Who can match this method!