Chapter 1352 I am willing to help
After hearing Master Jia's words, they finally understood why these things happened. It turned out that it was because they gradually became the controlling party or even the sole proprietor from their joint venture, and now China wants to take it back.
Although they paid for the shares, they relied on their greater voice in shareholders. Although they seemed normal business behavior, they actually chose to forget all their verbal promises.
Now China is clearly going to settle the score after autumn, and then they swallow the bitter fruit.
After knowing what the Chinese side means, they also know how to talk about it, but the head office still needs to make a decision on this matter, and they dare not agree.
With Wilson urging and threatening from time to time, while other lawyers were constantly attacking them internationally, these companies finally started negotiations with Director Jia and others again.
However, there is a big trouble here, that is, they cannot guarantee whether the promise of Master Jia can be fulfilled. What if Master Jia agrees to them, but Taihua Supermarket Group and other companies emerge to accuse them again?
Or some small company popped up to sue them, isn’t this trouble going on?
Wilson said something to them that Chinese companies generally do not go to court with state-owned enterprises. So as long as those companies become China State-owned Assets Holdings, all problems will be solved.
The assets of those companies are actually not low. They say that they may go bankrupt if they say 200 million US dollars. That is a bit exaggerated, but 200 million US dollars will definitely break their capital chain.
So these companies came up with a good idea, which is to use the company's assets to mortgage loans and use the loan to compensate. Don't you want the company's shares? Yes, you can take over a negative asset company at that time.
Then see if you, Huaxia, can still make money and fill this hole. If it is filled, the controlling party will still be them. They don’t believe that Huaxia dares to play this method once, and then China’s reputation will really be bad and no one will invest in it anymore.
To ensure that others will not sue these companies, they need Taihua Supermarket Group and representatives of those network companies to sign an agreement to protect their interests. And Master Jia and the others have not noticed these things at all.
"Master Jia, this is the matter. No problem, I can agree. And I am willing to help with this busyness."
Master Jia found Feng Yu and after he talked about the situation, Feng Yu agreed without saying a word. Not to mention whether other companies can really think of suing those companies. Even if they think of it, as Master Jia said, when these companies become China State-owned Assets Holdings, small companies dare not sue.
What Director Jia is most worried about is that Feng Yu will ask him to sue him again, and the matter will change too much.
After receiving Feng Yu's promise, Master Jia smiled happily. After this matter was done, it would be a tough political achievement for him. Although I dare not say that he would definitely be promoted, the superior leader would definitely be very satisfied with him. At least when he retires, it should be fine to give him a half-level treatment, right?
With both sides intending to speed up, the negotiations went very smoothly. After John and the others heard that they had received Feng Yu's guarantee, they were relieved.
As the richest man in the world, Feng Yu will definitely not keep his promise. They even think that Feng Yu's guarantee is better than Master Jia's guarantee.
However, they told Master Jia that the company's shares need to be purchased with money, and it is impossible for them to use shares as compensation. The purchase price must be reasonable and cannot be reduced at will.
Master Jia also agreed to this point with a representative of a certain state-owned assets. This representative of the state-owned assets is the person who came to discuss the acquisition of shares of those companies.
Of course, the shares of this company must not be taken away by all the state-owned assets, and they must also give some to local governments. However, when we add up, the shares must exceed 50%, and the majority must be guaranteed in the seats on the board of directors.
The management rights can continue to be handed over to these foreign businesses, after all, they are more familiar with the company. However, the power of the board of directors must be in their own hands to prevent these foreign businesses from making trouble again.
A company that was regarded as a typical case was also the worst-in-class company among these companies. It was claimed 100 million US dollars, and the amount of other companies claimed no more than 50 million US dollars, with a total compensation of less than 500 million US dollars, setting a sky-high price in China's claims history.
According to Wilson and others' calculations, based on a large audience group like CCTV, the claim amount is simply too low. However, they also understand that this is what Feng Yu means, and Feng Yu has also signed some cooperation agreements with those law firms, and these law firms are also very satisfied.
What's more, they can get more than 200 million in compensation in this way, and they are still very satisfied. According to their understanding, in China, not to mention hundreds of millions of dollars in compensation, there are not even tens of millions of RB. They have made history.
What's more, this time, they have the opportunity to enter the Chinese market. At least those companies with foreign trade will be interested in their services. The reason why they can get such a high commission is because they belong to different countries. Speaking of which, the impact of this case has also been shared by them. It is the idea of their lawyers who demand such a high liquidated damages, and lawyers and your own countries.
So this matter was resolved so quickly, and the two parties made an out-of-court settlement. At the same time, these companies signed equity transfer agreements with the state-owned enterprise.
When state-owned assets happily signed formal contracts with the funds obtained from CCTV, they found something was wrong.
First of all, the products of those companies have been severely unsold for more than a month, and production has been stagnant for a long time, but the workers' wages have been reduced for a month.
Secondly, the company's account was out of money and it was not enough to reopen. It could not afford to read books (.) and even raw materials. At this time, they discovered the problem again. The company still owed a lot of loans from the bank. In this way, they would spend money and buy back a burden.
When the representative of State-owned Assets asked, the other party was still buzzing. We really couldn't afford to pay the money at the beginning, so we had to take out a loan. As for where the working capital went, paying wages to workers, and paying profits to the parent company as required, isn't that gone?
Now that the company has no money to start work, should we pay according to the share ratio so that the company will not be completely stagnant? There are also those loans, judging from the company's current sales situation, they may not be able to repay them when they expire. Should we find a way to raise the money and pay it back first?
Only then did the state-owned assets realize that they underestimated these foreign business methods. They were happy to accept shares, but forgot to check them carefully. On the contract, they were tampered with each other again.
At that time, the accounts of those companies could not be blocked, otherwise the conflict would further intensify. Fortunately, the shares they wanted had been obtained, and the companies did not become empty shells. Brands, technology, workers, etc. were still there.
Where can this state-owned assets continue to invest? They filled in another amount of money given by CCTV and bought these shares. The most depressing thing is that the lawyers actually shared half of the compensation, so how could it be so high?
After listening to Wu Zhigang's report, Feng Yu nodded gently: "Sure enough, was he asking the other party to take advantage of the loopholes in the contract again? But it doesn't matter, it's just a shortage of money. I'm willing to help. Gangzi, go contact the state-owned assets, and we are willing to invest in those companies."
Chapter completed!