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Chapter 380 Panic decline

Zhong Jingshan originally wanted to hide away from the limelight for a few days, but as the stock price of Tulip Cinemas continued to fall, he finally couldn't stand it anymore.

The branch company has no money in its account and needs money to cover its position and buy shares of Tulip Cinemas. This matter must be decided at a meeting of the board of directors.

This was not necessary in the past because Zhong Jingshan and Nie Huan collectively held more than 67% of the shares and had absolute controlling rights in the company.

However, Zhong Jingshan’s personal shareholding is only 39.7%, which does not meet the minimum requirement of 51% relative control.

Now that Nie Huan is chasing him all over the world, it is naturally impossible for him and Nie Huan to reach a common intention.

Therefore, he could only secretly contact other members of the board of directors, hoping to obtain the support of the major shareholders of the board of directors and pass the appropriation approval process.

But when he contacted the major shareholders, he learned from their mouths that Nie Huan had already told them not to make any secret agreements with Zhong Jingshan, and planned to convene a board of directors to discuss removing Zhong Jingshan as a director.

Position.

Nie Huan owns 28.1% of the company's shares and continues to serve as chairman of the supervisory board.

Although she usually does not participate in company management, at times like this, her words are still useful.

After learning about the situation, Zhong Jingshan finally couldn't bear it anymore and took the initiative to contact Nie Huan.

After these few days, Nie Huan has calmed down a lot.

She only has one request now, and that is divorce!

Zhong Jingshan definitely disagrees with the divorce. If there is a divorce, Nie Huan will divide half of his property, and then he will lose control of New Century Film and Television.

New Century Film and Television started from his father and was built with two generations of hard work. He would definitely not give up.

So, he wanted to ask Nie Huan for an interview, but Nie Huan rejected him directly 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 entire company, but Zhong Jingshan could only hold his nose and admit it.

He no longer cares about who is messing with him. He just wants to keep New Century Film and Television and the shares of Tulip Cinemas that he worked hard to obtain 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 senior management basically heard the relevant news and were very careful about his attitude, 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 his property, he still forced himself to sit down.

The board meeting officially started, but as soon as Zhong Jingshan opened his mouth, Nie Huan had a fit and rushed over to him crying and fighting with him.

Suddenly, the meeting room was in a frenzy, and everyone in the company was shocked.

After playing intermittently for two hours, the conference room finally became quiet.

Nie Huan was tired.

With traces of being scratched on his face, Zhong Jingshan sat down again, calmly asked the directors to take their seats and continued the meeting.

Since he chose to come, he was already prepared to be embarrassed.

A man can bend and stretch. The most important thing is to protect his assets. Everything else is easy to talk about.

Now that the fight has been fought and the people have been thrown away, we can finally talk about business.

Zhong Jingshan proposed to allocate funds to the branch of the Principality of Europe to purchase shares of Tulip Cinemas to cover their positions.

But Nie Huan, who had calmed down a little, immediately raised fierce objections.

She believes that Zhong Jingshan is transferring assets and draining the company's blood to subsidize overseas branches.

Zhong Jingshan couldn't help but started arguing with her. After a few words, the two sides' anger rekindled and they started fighting again.

Seeing the two people acting like martial arts, the directors stepped forward to dissuade them while exchanging helpless glances.

This matter probably won't be settled for a while.

Just when New Century Film and Television was in chaos, another piece of news broke out from the Principality of Europa, causing 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 Tulip Cinemas, which was also the arrears of wages.

The Feynman brothers are the controllers of Tulip Cinemas and are members of an established family. They can't even pay the gardener's salary?

What is going on?

Could it be that the Feynman brothers, who have always been so glamorous in the media, actually have no money?

Netizens didn't believe it, but they couldn't stand the overwhelming hype online.

Many media outlets have listed cases of the Feynman family's investment failures in recent years, and finally concluded that the Feynman family has lost its heart after the old locust tree has dried up - it is the result of external force and internal interference.

In particular, the Feynman brothers were affected by a wave of short-selling last year. Their assets shrank significantly and they have begun to sell off their properties.

Some media broke the news that Feynman's brother was selling a luxury yacht. As we all know, it was a wedding boat that Feynman's brother bought when he got married. He would take it out for vacation every year. Now he is selling it?

Not only that, the media also discovered that Feynman’s brother was selling a large one-story mansion in downtown Bari with a price tag of hundreds of millions, but it was still about 10% lower than the market price.

As a result, netizens immediately became excited.

There is nothing that everyone likes to see more than others being unlucky, especially the rich.

It turns out that a famously wealthy man has actually managed to sell his house to tide over the difficulties.

However, this was not the end. The day after the relevant news broke, Feynman Brothers announced a decision.

In order to raise funds, Feynman Brothers decided to sell its shares in Tulip Cinemas. The initial plan was to sell 3%.

3% is already a large share, even enough to be on the board of directors.

The most important thing is that the Feynman Brothers have basically never sold off on such a large scale since they held their shares in Tulip Cinemas.

Even if there is buying and selling, it is always done in the range of more than 50%, always ensuring a 50% safety line.

But this time, the Feynman brothers only held 50.2% of the shares. If they sold 3%, it would mean that the Feynman brothers gave up their controlling stake in Tulip Cinemas!

Could it be said that the economic situation of the Feynman brothers has deteriorated to this point?

After this news broke, it immediately triggered panic in the market.

Within the first hour after the news broke, Tulip Cinemas' stock price began to fall at an accelerated pace.

The share price of Feynman Brothers also fell like a cliff.

When market confidence disappears, a stampede effect will occur.

Although the stock price of Tulip Cinemas fell before, many players and retail investors did not give up and have been working hard to raise funds to cover their positions.

The source of their confidence is the Feynman brothers.

As long as the Feynman brothers still have a controlling stake in Tulip Cinemas, Tulip Cinemas' stock price will rebound sooner or later.

However, this time, they panicked.

The Feynman Brothers actually gave up their controlling stake and began selling Tulip Cinemas stock in large sums!

In an instant, a large amount of hot money began to leave the market, and a large number of investors also cut off their stocks and began to sell.
Chapter completed!
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