I have a debt of 3 trillion, and my creditors are begging me not to die.

Chapter 158 The Fruit Group surrendered to Yang Chen and cancelled the fruit tax in Longguo District
"Bang! Bang! Bang! Bang..."

A series of table-slamming sounds spread throughout the conference room, and the atmosphere became even more awkward.

Kurk's hands were sore from pounding, but he still couldn't vent his anger.

Soon, all executives and representatives of major shareholders arrived.

Kurk said: "Fruit Group is facing the most serious crisis in its history. The two major markets of the European Union and Dragon Country are attacking us at the same time. We will definitely suffer heavy losses this time. Everyone, please share your opinions and see how to save the company's business and stock price."

Everyone expressed their opinions.

"If we sue the EU and then let the government put pressure on the EU, I think those fines will not be implemented."

"That's right! Europe is our lackey. As long as our government steps in, they will never dare to force us to pay a fine. It's easier to deal with Longguo. The big brands all over the world know what kind of people there are. We can just give them a discount. As for the Longguo government, it's also easy to deal with. We can talk to them about reducing orders from Indian factories and giving more orders to Longguo factories. I believe they will definitely give in for the sake of employment rate."

"What I am most worried about is WeChat's request that we cancel the fruit tax. If we don't agree, once WeChat stops providing services to users of fruit phones, many users will definitely abandon fruit phones, and we will suffer a huge loss. However, if we agree to cancel the fruit tax, other app developers will definitely ask us to cancel the fruit tax, and then our annual net income of more than 200 billion Eagle Coins will be gone."

"I think we should send a team to talk to Penguin Group. It is definitely impossible for them to cancel the fruit tax, but we should also reduce it a little bit for them. It will be fine if both sides give each other a way out."

"The company's stock price depends on shareholders increasing their holdings. This is the most direct and effective way."

……

After listening to everyone's opinions, Kurk concluded: "Then please ask all shareholders to invest money to increase their holdings of stocks. Let's not talk about pulling the stock price back up, at least temporarily stabilize the stock price and prevent it from falling sharply again. I will personally lead a team to Longguo to solve the problems there, and then we will go to Europe. Do you have any questions, shareholders?"

Bartfi, one of the most important shareholders of Apple Group, said: "As for the business issue, I believe Mr. Kurk can solve the crisis. But I don't think it's necessary to increase the holdings to stabilize the stock price. Because any company that is shorted by Yang Chen cannot stabilize its stock price by increasing its holdings. This has been proven by many giant companies such as Qiangsheng."

Kurk immediately asked: "It's useless to increase the stock holdings, so what can we do to stabilize the stock price?"

Batfei shook his head and said helplessly: "Unfortunately, no matter how hard the executives and shareholders try, the stock price of any company that is shorted by Yang Chen will never stabilize, let alone recover. Only after Yang Chen stops shorting can the stock price rise. I have observed many companies that have been shorted by him, and it is the same without exception. Therefore, I hope that Mr. Kurk will meet Yang Chen first when he goes to Longguo and persuade him to reconcile with the fruit company."

As soon as this statement came out, the whole hall was in an uproar.

"Are you kidding me? Are you giving up now?"

"You're kneeling too quickly."

"But what Mr. Butterfield said is absolutely correct. All the companies that were shorted by Yang Chen could not raise their share prices by their own efforts. South Korea's SK company's increase in stock holdings was almost exceeding the legal maximum shareholding ratio for listing, but the share price still could not be raised. In the end, he had no choice but to admit defeat."

“This is too weird. You said Yang Chen is the incarnation of God, and I have absolutely no doubt about it. Otherwise, there is no way to explain why his operations are so magical.”

……

There is an old saying in Longguo: "One will not give up until he sees the Yellow River, and will not cry until he sees the coffin."

No matter what Butterfield said, Kurk still felt that he should try to increase his holdings to raise the stock price.

Batfei said with a smile: "Other shareholders can try it, I won't try it. After you try it tomorrow, remember to go to Longguo early to admit your mistakes and ask for peace with Yang Chen."

Kurk said unhappily, "We haven't even increased our holdings yet, and you're so pessimistic. It's obvious that you're only boosting others' ambitions and destroying your own prestige. I don't believe that such a good company like ours can't survive such a small difficulty. Shareholders who are willing to increase their holdings tomorrow, please raise your hands. I'll take out 1 million Eagle Coins tomorrow to increase our holdings together with everyone. I don't believe that the stock price can't be stabilized!"

Since Kurk said so, some shareholders who did not believe in it raised their hands to express their willingness to increase their holdings with him.

After the agreement, the meeting ended.

Kurk ordered his secretary to issue an announcement overnight, telling everyone that Kurk would lead shareholders to increase their holdings of Fruit Group shares.

The next day, the Bald Eagle stock market opened.

The fruit company's stock price opened down 8 points, and Kurk and shareholders immediately bought and increased their holdings.

If you want to raise the share price of the Fruit Group with a market value of more than 30 trillion yuan, it will be ineffective without enough funds. Kurk and shareholders increased their holdings by more than billion Eagle Coins in one go, but the share price showed almost no sign of recovery. It still rose a little and fell a little, and the overall trend remained downward.

Kurk simply invested all the remaining funds. He also called shareholders to inform them to invest all their money to see if he could force the stock price up.

After the remaining 40 billion Eagle Coins were all spent, Kurk and others believed what Butterfield said.

The fruit stock price did not recover at all. Near noon, the stock price fell another 16%. Moreover, there were still many sell orders and very few buy orders. Looking at this trend, we can see that the stock price will continue to fall sharply.

"Fuck! How could this happen? Why did the stock price still fall after spending so much money to increase holdings? What exactly is the problem?" Kurk said to himself.

The shareholders could not bear it anymore. Before the end of three trading days, the market value of Eagle Coin had fallen by 1.1 trillion. The value of Fruit Group shares held by all shareholders had shrunk by one third. This loss was really huge.

The shareholders couldn't stand this kind of decline, so they called Kurk one after another, asking him to go to Longguo immediately to admit his mistakes and make peace with Yang Chen, so as to quickly end this painful decline.

As the president of the company, Kurk dared not go against the wishes of the shareholders, otherwise he would most likely be replaced and his reputation would be ruined.

Although he was very unhappy, Kurk quickly formed a team and prepared to go to Longguo to meet Yang Chen.

When the Bald Eagle Commerce Department heard that Kurk was going to Longguo to admit defeat to Yang Chen, Ravington immediately called Kurk.

"Hey, Mr. Kurk, I heard that you are going to Dragon Country to admit defeat to Yang Chen in person?" Ravington asked.

Kurk sighed helplessly and replied, “Yes! The stock price has fallen so much that it’s useless to spend more than 70 billion Eagle Coins to increase holdings. There is no sign of recovery. Mr. Bartfey suggested that I don’t need to struggle, and I should apologize and admit defeat to solve the problem of falling stock prices. I have no choice but to go to Dragon Country and surrender to Yang Chen. Alas…”

Lei Wendun immediately said: "The Fruit Company is our star enterprise that we focus on building. How can we surrender to Yang Chen so easily? I'll call him and have a chat. I will definitely force him to take the initiative to stop shorting the Fruit Group's stock price. There's no need for you to surrender to him."

Kurk was overjoyed. If Raventon could really force Yang Chen to end his short selling, he would be able to save his face.

"Haha...thank you Ms. Raventon. I'll wait for your good news, and I hope you can succeed." Kurk said with a smile. Raventon said confidently: "Don't worry, I have plenty of ways to deal with Yang Chen, and they will definitely work!"

After hanging up the phone, Raventon called Yang Chen.

"Hello, Mr. Yang, can you recognize my voice?" asked Ravington.

Yang Chen yawned and cursed, “Who the hell do I care who you are? It’s very rude to disturb someone’s sleep in the middle of the night, do you know that?”

Raventon was a little embarrassed, and stopped beating around the bush and said directly: "I'm Raventon. I heard that you shorted the share price of Fruit Group. I ask you to stop shorting immediately and bring the share price of Fruit Group back to its original price. Do you understand?"

Yang Chen replied: "Why are you so shameless? You told me to end my short selling, and I ended it? And you even pulled the stock price back to the original price, you can't even say that! If you want me to end my short selling, Kurk must come over in person to admit his mistake and make peace with me. Do you understand?"

Raventon immediately replied: "If you listen to me and stop shorting the fruit company's stock price immediately, I can allow you to sell your memory sticks to foreign customers. How about it?"

Yang Chen smiled and said: "Thank you, I don't need to sell it to foreign customers. I still need to sleep, so I won't talk to you anymore."

Yang Chen hung up the phone immediately, leaving Raventon with a look of surprise.

Yang Chen actually doesn't want a vast overseas market. Is this really what a normal person should think?

Raventon refused to give up and called Yang Chen again, but found that he had been blocked by Yang Chen. His determination to not give up completely collapsed.

“Fuck! This damn Yang Chen actually dared to block me! Okay, you don’t want the overseas market, right? Then you don’t want the overseas market at all!” Raventon said.

Raventon immediately issued an announcement in the name of the Ministry of Commerce, blacklisting Sihai Electronics Co., Ltd. and prohibiting any company or individual from purchasing Sihai Electronics Co., Ltd.'s products. At the same time, the announcement also recommended that the European Union and other countries and regions should not use any products of Sihai Electronics.

After seeing this announcement, Kurk knew that Raventon had failed, and he had to go to Dragon Country in person to resolve the matter.

That night, Kurk took his team on a plane to Longguo.

After a day of rest, Kurk brought his team to Sihai to build a team.

Yang Chen received them in the conference room.

"Mr. Yang, I think there may be some misunderstandings between us. I hope we can clear up the misunderstandings." Kurk said straight to the point.

Yang Chen laughed loudly, and said: "There is no misunderstanding between us, all the facts are very clear. Mr. Kurk came to me just to tell me this?"

Kurk hesitated for a while, then said: "I...I want to formally apologize to Mr. Yang. I hope Mr. Yang can accept our apology and immediately stop shorting the share price of Fruit Group."

Yang Chen laughed, and said, “Are you kidding me? Who do you think you are? You asked Dachuan Computer to provoke me by collecting debts first, can you let it go with just a misunderstanding and an apology?”

Kurk asked quickly, "What do you want to do, Mr. Yang? Just tell me. If I can do it, I will definitely not refuse."

Yang Chen smiled and said, "Now that you are asking for peace, I will not be polite. You must issue a notice to apologize to me clearly, and the Fruit Group must immediately terminate all cooperation with Sanxing. From now on, all products of the Fruit Group will not contain Sanxing products. In addition, the Fruit Group must cancel the fruit tax in the Longguo area, and place as many orders as possible to the assembly plants in Longguo."

This is even more cruel than the unequal treaties signed in the late Qing Dynasty. Kurk fell silent immediately.

The Fruit Group can collect about 400 billion dragon coins in fruit tax from Longguo every year. Canceling the fruit tax in Longguo area all at once would be a huge loss.

Moreover, once the fruit tax in Longguo District is gone, the EU will certainly demand the cancellation of the fruit tax of the fruit group in Europe, and other countries and regions will certainly follow suit. Will the fruit tax of more than 200 billion Eagle Dollars per year just disappear like that?
"Mr. Yang, I can agree to your other conditions, but can we discuss the condition of canceling the fruit tax in Longguo District? Do you think it's okay for us to lower the tax rate in Longguo District to 15%?" Kurk asked very humbly.

Yang Chen immediately shook his head and refused: “All the conditions I set must be met, think about it carefully before answering me.”

Kurk nodded helplessly, and immediately convened the company's senior executives and important shareholders through a video conference to discuss whether the conditions set by Yang Chen could be fully accepted.

The Fruit Group can earn 400 billion dragon coins in fruit tax from the Dragon Kingdom every year, which is about 60 billion Eagle coins.

In the past three trading days, the market value of the Fruit Group has fallen by 1.5 trillion, especially the rapid drop in stock prices near the close of last night, which indicates that the stock price will continue to fall sharply when it opens tomorrow.

Based on the annual fruit tax revenue of 60 billion Eagle Dollars, it will take 1.5 years to earn back the 250 trillion Eagle Dollars.

After comparing like this, the answer is obvious as to whether to accept Yang Chen's conditions or continue to resist.

In the end, everyone unanimously passed the voting agreement, accepted all the conditions set by Yang Chen, and requested Yang Chen to stop shorting the fruit stock price and bring the stock price back to the original price.

Kurk ended the video conference and then said to Yang Chen: "Mr. Yang, we accept all your conditions."

Yang Chen smiled and said, “Okay! Then put it into action to make me believe you. Don’t just talk about it.”

Kurk nodded quickly and said, "I understand!"

Kurk called his secretary and personally instructed him to draft an announcement and send it out.

Soon, the Fruit Group issued an announcement overnight, the main content of which is as follows:

First, Kurk expressed his sincerest apologies to Yang Chen on behalf of the Fruit Group.

Second, the Fruit Group will immediately terminate all cooperation with Samxing, including but not limited to no longer using Samxing memory, Samxing OLED screens, etc.

Third, the Fruit Group will gradually transfer orders from Southeast Asian assembly plants to assembly plants in Longguo, and ensure that Fruit Group products produced in Longguo will account for more than 80% of the total in the future.

Fourth, the fruit group decided to cancel the fruit tax in Longguo District, effective immediately.

The announcement of Fruit Group instantly set off a storm on platforms such as YouTube and Twitter, and foreign netizens were once again shocked...

(End of this chapter)