Chapter 369 Negotiations Break Down
“As the company’s largest shareholder and general manager, Cai Chenggong has the right to sign the loan contract, and as a limited liability company, other shareholders must acknowledge the loan.
However, it was illegal for Cai Chenggong to use his shares as collateral without consulting other shareholders.
Therefore, all shareholders must recognize this loan contract, but it is procedurally unreasonable for the court to directly award the equity to Shanshui Group.
In principle, the court must first seek the opinions of other shareholders, who have the right of first refusal.
Shanshui Group has the priority to be repaid, so the money from the sale of Dafeng Factory should be repaid to them first. "The legal expert explained the problem clearly after a little thought.
Wu Xiongfei nodded, thanked the legal expert, and then turned his gaze to the shareholding workers.
"You have heard what the legal expert said. Now you have the right of first refusal. Why don't you tell me your opinions first?" Wu Xiongfei said.
“Where will the workers get the money to buy the company? I have a suggestion.
Your government should negotiate with the bank to lend money to Dafeng Factory or the government should provide money to repay the money to Shanshui Group, and let Cai Chenggong continue to manage the company. When the company makes money, it will be repaid to you. "Chen Yanshi said on behalf of the workers.
Wu Xiongfei really wanted to open this man's head and see what kind of logic could allow him to come up with such a solution.
"Mr. Chen, you are a private enterprise, you operate independently and are responsible for your own profits and losses. The government has no reason and no obligation to advance funds for you.
As for seeking a bank loan, that is your business. The government cannot and does not have the right to ask the bank to lend you money. " Seeing that Wu Xiongfei was talking nonsense, Sun Liancheng took over the conversation.
"Old man, I heard the workers call you the old prosecutor. So you were also a legal worker before. What you said is not legal at all." The legal officer next to him also spoke up.
"What's illegal? What the government does is to help people solve their problems. Now that the workers are in trouble, who else can they turn to if not the government?" Chen Yanshi said as a matter of course.
Wu Xiongfei now saw the current situation clearly, and he thought to himself: It turns out that these shareholding workers are so unscrupulous and fearless, and it is Chen Yanshi who is supporting them behind the scenes!
Thinking of this, a nameless fire suddenly surged in my heart.
Wu Xiongfei looked at Chen Yanshi with a gloomy face, and said in a serious tone with a bit of anger: "Comrade Chen Yanshi, we must understand one thing.
The government certainly serves the people wholeheartedly, but this "people" is not limited to the employees of Dafeng Factory!
Financial funds belong to all the people of Jingzhou City. As a public official, I have neither the right nor the possibility to privately transfer the money that should belong to all the citizens of Jingzhou to Dafeng Factory.
Doing so is not only unreasonable, but also a serious violation of laws and regulations!
Furthermore, as an independently operated business entity, if you want to apply for a loan from a bank, that is entirely your own business.
The government has no power and no reason to force banks to grant you loans!"
At this point, Wu Xiongfei paused for a moment, took a deep breath and continued, "Since you have already established a company, you must accept market competition.
The final outcome of the competition depends on the abilities and levels of you, the operators.
Our government will definitely not interfere in this matter.
If every company seeks help and support from the government whenever it encounters difficulties such as poor management, then what is the point of the market economy system?
Is it true that everyone can start a company at will and expect the government to step in to solve any problems that arise?
Your idea is absolutely ridiculous!"
Sun Liancheng couldn't help but secretly give Wu Xiongfei a thumbs up. Mayor Wu's words touched his heart.
Chen Yanshi's face turned red after hearing what Wu Xiongfei said. It's not that he didn't understand the truth, but it was he who restructured the Dafeng Factory, which was considered one of his political achievements.
He didn't want the Dafeng Factory to go bankrupt, and he didn't want his only political achievement to disappear in the long river of history. Would he write in his memoirs in the future that he was against Zhao Lichun using air conditioning?
“Mayor Wu, our Shanshui Group’s attitude is very clear.
It's OK if they don't want Dafeng Factory, but they have to pay back the money within a week, otherwise we'll go to court." Liu Manyu broke the awkward situation.
"What do you say, Cai Chenggong?" Wu Xiongfei looked at Cai Chenggong.
"Mayor Wu, I have no money. The bank and their Shanshui Group are in partnership and will not lend me any money at all." Cai Chenggong used the same old rhetoric.
"Cai Chenggong, this is not the attitude to solve the problem. If your company meets the loan procedures, you can go to other banks for loans. Why are you targeting Jingzhou City Bank?" Sun Liancheng was very dissatisfied with Cai Chenggong's attitude.
Cai Chenggong didn't say anything. Was he going to say that he was bankrupt and other banks would be even less likely to lend him money?
"Cai Chenggong, you signed this contract. We don't care. You should find a way to solve it quickly. If the company is gone, I will never forgive you." Wang Wenge suddenly turned his target to Cai Chenggong.
After listening for a long time, he finally understood that the current situation was very unfavorable to him.
Cai Chenggong didn't say anything. He not only owed money to Shanshui Group, but also to some loan sharks outside. Without a large amount of funds, there was no way to solve his predicament.
That is why he has to hold on to Shanshui Group and City Bank, raising the issue to the level of collusion between officials and businessmen and getting the government to intervene. Only then will he have a chance of survival.
Other workers also followed Wang Wen'ge's example and targeted Cai Chenggong. They were unanimous in their opinion and did not recognize the loan contract.
Wu Xiongfei realized that the problem could not be solved through negotiation, but he still asked, "I will ask you one last time, how are you going to solve this problem?"
Seeing that Cai Chenggong and the workers were silent, Liu Manyu said, "Our Shanshui Group's demands are very clear. We want the loan back. If they don't have the money to repay the loan, then they can use the Dafeng Factory to pay off the debt."
"Don't even think about it. This company belongs to all of us. You capitalists, don't even think about taking away our workers' equity." Wang Wen'ge and others spoke up.
Chen Yanshi also interjected, "That's right. Since Shanshui Group is so rich, why can't you give us some time to pay back the money when Dafeng Factory makes money? Don't you have any sense of social responsibility?"
Wu Xiongfei, Liu Manwu and others ignored Chen Yanshi. Liu Manwu even glanced at Chen Yanshi with disdain, wondering if this old man was crazy and really thought we were doing charity.
Cai Chenggong opened his mouth but said nothing. He knew that the situation was very disadvantageous to him. Whether the Dafeng Factory could be saved depended on the workers. He was powerless to do anything.
Wu Xiongfei looked at the situation and knew that the mediation had failed, so he said, "The demands of the three parties are very different, and the problem cannot be solved through negotiation.
Our government will no longer intervene and leave it to the court to decide.
After this verdict, it will be enforced, and the situation of resisting the government last time will never be allowed to happen again, otherwise it will be dealt with severely. "
After saying this, he was too lazy to pay attention to Chen Yanshi and others, and he and Sun Liancheng and others left the venue first.
Liu Manyu glanced at Cai Chenggong, Chen Yanshi and others, and said lightly: "See you in court." After that, she walked away with her graceful body, leaving the group of people looking at each other in bewilderment.
Seeing that everyone was discouraged, Chen Yanshi encouraged them, "Don't be afraid, I will find the best lawyer and we will sue them."
(Hopefully I can pass the review today!)