Chapter 617: Great Defeat, Antitrust Investigation

"Dear directors, after careful consideration, the head office has decided to sell all its shares in Wesley (South China). Next, the company's focus will shift to Mexico and Europe."

The CEO ignored the ugly expressions on Weber and Kailong Li's faces and raised such a major issue right away.

Since Wesley owns the majority of the shares of Wesley (South China), Li Kailong is not even qualified to object.

Weber also looked defeated. He, as the president of the Greater China Region, must have finished his work. When he returns to the head office, there will definitely be no good results from him.

The representative of the fruit company said nothing. Anyway, his position was relatively detached, and he didn't mind changing a major shareholder.

Li Kailong couldn't do it. He estimated that he would lose a lot of money this time. He could figure this out with his eyes closed. If Wesley walked away, what else could the remaining shareholders do?

No matter how unwilling he is, there is nothing Li Kailong can do against Wesley.

"Mr. President, can I ask a question? Who is taking over?"

Li Kailong could not stop the development of the situation. It was obvious that Wesley was preparing to cut his losses. If he continued to waste his money, the only outcome would be to be completely defeated by Hard Rock Technology.

As for Lao Guo, he is an old fox, and he stabs people in the back a lot.

"Mr. Li, fellow directors, I was going to tell you this. All the shares owned by Wesley in Wesley (South China) will be transferred to Hon Hai."

Although Hon Hai is also a rival, it is not to the level of Hard Rock Technology. Hard Rock Technology is simply bent on killing Wesley (South China), and no one can take advantage of Hard Rock Technology.

The meeting lasted less than half an hour and ended.

Wesley's CEO came here today to inform everyone, not to discuss with you.

However, speaking of it, Wesley Corporation is also unreasonable. These small and medium-sized shareholders still gave Wesley (South China) a lot of support before. As a result, if Wesley withdraws like this, these small and medium-sized shareholders may lose their money. No return.

In fact, Wesley also paid a heavy price.

Wesley (South China)'s assets have shrunk significantly in recent years. Hon Hai took control of Wesley (South China) for less than half of the original price.

In other words, Wesley suffered a huge loss from his original investment, losing a little more than half.

It doesn't matter to the fruit company. They have a large number of orders and no one dares to take any action from them, not even Hon Hai.

After the meeting, representatives sent by Hon Hai negotiated with the company's shareholders respectively.

The condition offered to Li Kailong was to acquire his Wesley (South China) equity at a price that was less than one-third of Li Kailong’s original total investment.

"Stop dreaming, I won't sell it. I said, are you too cruel?"

Li Kailong was dissatisfied with the price offered by the other party and got angry on the spot.

The representative of the other party was not in a hurry, just smiled and said:

"Director Li, we don't have to buy your shares, you just keep them. But there is something I want to say up front. If you are unwilling to sell your shares, the factory in Wesley (South China) will never start operation. .”

Li Kailong almost fell down. Isn't this too dark?

In another room, the representatives of Hon Hai and the representatives of the fruit-giving company had a very pleasant conversation.

Hon Hai will not only acquire the equity of Wesley (South China) held by the fruit company according to the original investment amount, but also make appropriate compensation.

This plan has actually been agreed upon during the previous negotiations between Wesley and Hon Hai. In addition, a factory of Hon Hai in Europe (Hungary) will also be sold to Wesley at a discount.

In the end, the ones who suffered the most losses were the shareholders represented by Li Kailong. Especially Li Kailong, who was jumping up and down like a fool before today, which looked very funny.

However, the situation was stronger than the people, and Li Kailong finally signed the draft equity transfer agreement that made him feel distressed.

"It's not a toy!"

Li Kailong cursed and walked out of the building. This time, Xiangjiang Telecom's investment in Wesley (South China) resulted in direct losses of more than 10 billion, and indirect losses were incalculable.

"Mr. Li..."

Downstairs, Li Kailong met the extremely frustrated Weber. However, Li Kailong did not direct his anger at the other party. It was obvious that the headquarters had also been keeping the chairman of Wesley (South China) in the dark.

Drum.

"Mr. Weber, there is no need to say anything about this. In short, we have all been screwed by the headquarters. I consider myself unlucky!"

Li Kailong suppressed his anger, but he didn't look good either.

"Hey, let's work together, and I have some news for you. It is said that China is preparing to launch an antitrust investigation against GT, and the headquarters has decided to withdraw temporarily because it does not want to face such pressure."

What Weber said was unclear. After all, he still needed to return to the headquarters for processing.

But the few words revealed still made Li Kailong feel a little scared. Obviously, this was a signal that the country began to take action to counter the suppression of the Huijia family in North America.

"Thank you!"

Li Kailong didn't say much. From beginning to end, he took the initiative to get on the boat. He and the Huijia Department were sworn enemies. He originally thought he could take the opportunity to attack each other, but he ended up getting a bloody blow.

He was not in a hurry to return to Xiangjiang, but wanted to know the progress of the Liu Jia incident through his connections.

This guy was tricked by Wesley, but ended up venting his anger on the Huijia Department. No matter what, he had to find a way to get Liu Jia back to Xiangjiang for trial.

But unfortunately, he was obviously going to be disappointed.

While Li Kailong was jumping up and down in Yangcheng, Hu Yang received a call from Secretary Zhang and came to Qi Xiangmin's office.

"Mr. Hu, how is the situation at Charming Semiconductor?"

When Qi Xiangmin met, he first asked about Charming Semiconductor.

Hu Yang did not hide anything and introduced Charming Semiconductor's recent response measures to the people one by one. At the same time, he also thanked the province and city for coordinating the relevant banks to provide the company with a loan of 10 billion yuan.

"The current situation is that as long as we can stabilize the situation, the wishful thinking of some people in North America will come to nothing. However, there are still some variables here, and we will not let down our guard."

Although North America's suppression of Charming Semiconductor has caused great difficulties to the company, Hu Yang is confident that he can withstand all pressure.

"Well, that's good!"

Qi Xiangmin was very satisfied with Populus Hu's introduction. As a mature entrepreneur, not being afraid of trouble is the most basic quality.

Nowadays, some domestic public opinions and thoughts are very bad, always holding a magnifying glass to look for faults in Huijia. According to their words, the two times Charming Semiconductor encountered suppression were all because of the company's fault.

Qi Xiangmin can sit in this seat, and his vision will naturally not be the same as those of those people. The reason why Charming Semiconductor is being suppressed is obviously that North America is preparing to suppress the domestic semiconductor industry, and they are still playing the same trick of killing chickens and scaring monkeys.

"Mr. Hu, if you encounter any difficulties in the future, you can tell me. The provincial and municipal levels will provide you with necessary support. By the way, Wesley is planning to withdraw from the country. Do you already know about this?"

Qi Xiangmin changed the topic and revealed a piece of news to Hu Yang.

Wesley wants to withdraw from the country? Hu Yang really doesn’t know about this.

In fact, this news has not been announced to the public yet. However, since Hon Hai dared to accept Wesley (South China), it naturally communicated with relevant parties in advance. At this point, Hu Yang’s information source is better than

No more Qi Xiangmin.

"Wesley is going to cut his losses..."

Hu Yang secretly said "It's a pity" in his heart. Chen Jialin was determined to defeat Wesley (South China). Now that the other party has withdrawn, the domestic market has turned into a two-power competition between Hard Rock Technology and Hon Hai.

.

It is said that there are two strong powers competing for hegemony, but now Hon Hai is at a disadvantage.

"Yes, Wesley transferred the equity of the South China factory to Hon Hai. And Hon Hai sold the factory in Hungary to Wesley. In the final analysis, it was an exchange of interests.

This time, Wesley's losses were not small, but it was the other shareholders of Wesley (South China) who suffered greater losses.

So, can you and Mr. Chen's stubborn technology be put aside for a while? Don't start fighting with Hon Hai again."

Qi Xiangmin's words were spoken on behalf of the province. There is no problem with normal competition between enterprises. But if it were like the previous dispute between Hard Rock Technology and Wesley, the noise would be a bit too much.

As a province and a city, what we hope for is stability and economic development, not turmoil.

"Well, no problem, everyone can develop according to their own abilities."

Hu Yang had no intention of copying the methods used on Wesley on Hon Hai. Price war is a double-edged sword. Now that Wesley (South China) has been defeated, there is no need to continue it.

Of course, reasonable competition between enterprises is inevitable, and the province and city cannot control it even if they don't want to.

"Mr. Hu, the provincial department has already held a meeting. Based on the evidence and reasons submitted by Xiangjiang, they believe that the other party's reasons and evidence are insufficient. Therefore, they have decided to lift the restrictive measures against Liu Jia and will not hand him over.

To Xiangjiang."

The news came very suddenly. In fact, Hu Yang and Chen Jialin were already mentally prepared. Especially Chen Jialin, who had originally planned to hire a legal team for Liu Jia in Xiangjiang.

It seems that Li Kailong's small actions behind the scenes had the opposite effect in the end.

"Haha, thank you to the provincial department for their wise decision. I think Mr. Chen will be very happy after hearing the news."

Populus euphratica did not hide her joy.

Although he is not very fond of Liu Jia, who can have a good impression of a woman who has caused such a big trouble for her man?

But he was happy for Chen Jialin. At least Chen Jialin's daughter would not lose her mother's love at a young age because of this incident.

"Don't be too patronizing. I have another important news to tell you. The relevant departments have decided to launch an antitrust investigation against GT. I hope you can seize this opportunity and fight a good turnaround."

Qi Xiangmin looked at Populus euphratica with deep meaning in his eyes.

Hu Yang was immediately overjoyed. He knew that North America's excessive suppression of the Huijia clan would definitely lead to a reaction from the country. But he never expected that the reaction would be so big.

GT is a well-deserved semiconductor giant in North America. Many companies around the world are using their chips.

For example, domestic mobile phone manufacturers, in addition to the domestic market and peripheral markets, all companies exporting to North America basically use GT processing chips.

Especially this time, North America has stepped up its crackdown on Charming Semiconductor. While many domestic manufacturers have replaced their memory chips, they have also replaced their processing chips with GT products.
To be continued...