Chapter 1384 - 1382: Turmoil
Longyu Group is in big trouble.
This is the thought of everyone in Ancheng who follows business news.
Many residents also saw the news, and their impression of Longyu Group plummeted.
Monopoly is never a good word.
For capitalists, it is a hassle; for consumers, it means low cost-effectiveness, a transition from service-based consumption to forced consumption.
With the added media coverage, Longyu Group has been put in the spotlight.
Industry insiders conservatively estimate that this time the fine will be no less than 1.5 billion!
Compared to the massive Longyu Group, this fine amount is not a lot. This is Flame Country’s relatively mild approach to monopolistic behavior, unlike the Northern Federation, whose penalties often reach billions of Northern Federation currency.
However, such a fine is still very damaging to Longyu Group.
As soon as the news spread, the stocks of Longyu Group’s listed companies began to plummet!
Market value is market value. A company’s market value doesn’t mean the company’s accounts have that much liquidity, not at all.
Just like a certain company, its market value exceeds a trillion, but it’s good if their accounts have a hundred billion in liquid funds.
Longyu Group is the same; it seems like such a massive group, but its financial statement is not particularly impressive.
So many investors, upon hearing the news, began to sell off their stocks, believing this event would definitely be a hard blow to Longyu Group.
PM.
Longyu Group.
Under normal circumstances, work should have ended an hour ago.
But today, the office lights were bright, and everyone was busy.
This time, they faced a serious public relations crisis.
The door to the President’s office was pushed open, "President Wei!"
The new assistant placed the document in front of Wei Xueqing, "Stocks of three tech companies have hit bottom, and market value evaporated by ten percent!"
"And our supermarket stocks are also plummeting and have already bottomed out!"
Wei Xueqing felt a headache.
But she still forced herself to rally, picked up the document, and glanced at it.
Seeing a few names, she couldn’t help but feel her anger surge.
These names were very familiar to her; all were famous wealthy businessmen in Ancheng, with substantial assets!
Back when these people wanted to buy stocks, even original stocks, they didn’t hesitate to ingratiate themselves, gave plenty of gifts, and helped Longyu Group complete numerous orders.
Back then, when needed, they eagerly came around.
Now that they see Longyu Group in trouble, they are the first to kick us while we’re down!
"Very well!" Wei Xueqing gritted her silver teeth and yelled angrily, "Today you kick someone when they’re down, tomorrow you’ll be stuck in a quagmire; let’s see who can save you!"
After working with Yang Chen for so long, Wei Xueqing was somewhat influenced by Yang Chen.
For instance, the grace of a drop of water should be returned with a fountain! If someone treats me well and establishes good cooperative relationships, I will never owe you!
But if you dare to deceive me, then sorry! I will ruin you to the ground!!!
Wei Xueqing had already noted down these people’s names, ready to settle scores when the opportunity arises!
"What else?" Wei Xueqing looked at the assistant coldly, "Not only these people selling off stocks, but even if all our affiliated companies delist, we won’t be afraid! From the day Longyu Group was established..."
Before finishing her sentence, Wei Xueqing picked up the phone on her desk and connected to Wang Ming’s office.
"Connect me to the sound system of the whole building!" Wei Xueqing said coldly.
Wang Ming dared not hesitate and immediately connected all the equipment.
Then, in every corner of the building, Wei Xueqing’s voice echoed.
"I am Wei Xueqing!"
Everyone stopped what they were doing.
Yang Chen and his team had just entered the building when they heard the voice and paused in their steps.
"I presume everyone has seen the news today and knows the company’s situation! Stocks hitting the bottom, investors clamoring for divestment. I know many are working overtime at this point, and I also understand that you all must be anxious. You think Longyu Group’s business actions are monopolistic and will face exorbitant fines! No! I am telling you clearly, that won’t happen! Don’t be swayed by words from some malicious people! Don’t worry about Longyu Group’s listed industrial stocks hitting the bottom; even if they delist, they are still there! We, Longyu Group, can still push them up! Because Longyu Group has this capability! Not just today! Even when Longyu Group was created, fighting against nine major families alone, we never feared! Someone wants to sue us, saying we are monopolizing! Then let’s go to court! Longyu Group has never feared anyone, let’s see who can win in court!"
As soon as she finished speaking, the employees stood up and applauded warmly.
Some even excitedly stood on chairs, facing the sound system, and clapped furiously!
They felt the adrenaline in their bodies rise!
Excitement!
Thrill!
If this is a battle, then let’s fight!
Longyu Group is truly not afraid of anyone!
Yang Chen, just entering the first-floor lobby, heard the inspiring speech and couldn’t help but smile.
Content.
If this is a battle, then Wei Xueqing’s superb speech can turn the tide for the disadvantaged team!
Very impressive!
Very inspiring!
He sighed inwardly, Wei Xueqing has truly changed a lot.
Placed together, Wei Xueqing was just a ’nerd’ understanding data, commercial rules, and processes, with a blank slate besides business deals and negotiations.
But now, she’s learned to utilize and motivate hearts, inspiring employees to strive for the company; instead of using coercive power, not binding them with rules and demands.
Yang Chen felt from today onward, Wei Xueqing truly became a president, a bona fide entrepreneur, a commercial genius!
Yang Chen glanced at Meng Po, who was slightly stunned, and smiled: "Isn’t it great?"
Meng Po Weiwei nodded; she also felt Wei Xueqing has made great progress.
Before coming, they had already received intelligence, knowing what Longyu Group had gone through.
For Longyu Group, the scariest isn’t the outside world. No matter what the outsiders say, the damage to Longyu Group is negligible. Because Longyu Group is massive enough to have formed a commercial system, self-sufficient. Even without external intervention, they can survive well.
So the key crisis still lies within!
The thousand-mile embankment built by ants; external threats don’t matter, internal disarray is most deadly.
And Wei Xueqing’s speech has already tightly gripped the hearts.
Next comes the battle!
A commercial showdown!
Ding dong!
The elevator door opened, Yang Chen and his team stepped out of the elevator, striding into Longyu Group.