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Chapter 205 The top(1/3)

 "Where did the third uncle get the news?"

"I said Jinsong, this is boring. The company's top management has almost spread the news, and I'm not deaf.

Don't talk about it inside the company, the old rivals outside the company are also spreading it, just waiting to see the jokes of our Xu Group!"

"Yes, Mr. Xu, rumors have been flying around in the past two days. If they are not clarified, they may damage the reputation of our group."

"Yes, we just want to find out what's going on."

Several other directors also came forward.

Everyone present is a stakeholder, and they don't care who is the CEO.

What they care about is whether their year-end dividends will be affected...

Xu Jinsong took a deep look at Xu Boli and then said.

"I can tell you clearly that those things spread outside are all rumors!"

"Oh? So, all the funds being hijacked are fake?" Xu Boli deliberately looked relieved.

Xu Jinsong's expression froze.

"Investment is risky. Everyone knows this. If one or two plunge, you will be trapped. So do you still have to work in the investment department?

I can assure you that the group’s capital chain is very healthy.

Even if there is some floating loss in the investment department, it is temporary.

We still have at least over one billion in funds in our account, and this cannot be faked.

With Xu's business reputation, if necessary, I can quickly raise billions more from various financial platforms..."

Xu Jinsong paused.

"As for the Qinling Mountains... we do have a subsidiary company in charge of a certain tourism development project.

But as far as I know, they have always operated legally and compliantly. As for the specific situation, I am sending people over to verify it, which will take some time."

Xu Jinsong is very cunning in avoiding the important and taking the easy.

I was trapped, but I haven’t cut my flesh yet. Can it be considered a loss? That’s called a floating loss!

There may be something wrong with the project, or maybe the subordinate company is taking it upon itself to deceive the superiors and subordinates?

While excusing myself, I didn't say anything to death, which was equivalent to leaving a way out for myself.

You can advance, you can attack, you can retreat, you can defend.

His purpose is simple...

The truth hasn't been investigated yet, so it's a bit early to accuse me now, isn't it?

In short, it’s just one word – drag!

Drag these two things to pass, drag him to do one thing after another, and minimize the negative impact they bring!

"Everyone, those who are spreading rumors outside will know at a glance that they are targeting our Xu Group!

Our Xu family has become somewhat popular in recent years, and it is normal for us to be targeted by competitors.

But we cannot have chaos internally.

As long as we don't mess up our own situation, those rumors and slanders will be nothing more than tricks that won't go on the stage.

All of you here are my elders, and everyone can see how capable I, Xu Jinsong, am.

I hope that the elders can give me some time and not be affected by external rumormongers.

It’s really painful for those close to you, and quick for your enemies!”

"Um!"

All the directors present nodded their heads.

Over the years that Xu Jinsong has been in charge of the Xu Group, his ability has indeed been recognized by many people.

But Xu Boli naturally couldn't let him fool him with his spring and autumn brushwork.

"What you said makes sense, Jinsong, but it's just a floating loss? How much is the loss specifically?"

He has a "I only care about my money" look.

Xu Jinsong: "..."

The capital of 900 million yuan has dropped to the limit twice in a row. In the past two days alone, the floating loss has reached more than 170 million yuan...

However, facing everyone's gaze, he could only bite the bullet and say.

"This...probably, more than 100 million..."

"Um……"

Although the directors here feel that the loss of more than 100 million is a bit heavy.

However, the Xu Group has a great business, so this is not a crippling loss.

"How did I hear that the stock purchased by the group was related to the company involved in this controversial vaccine incident?

Jinsong, it’s not my third uncle who talks too much.

Mainly because people outside are still spreading rumors that this stock may be forced to be delisted?"

"Ah?" Everyone present exclaimed.

If what Xu Boli said is true, then how can this be a loss of more than 100 million? Is this a matter of making more than 100 million?

Maybe, all the 900 million will have to be filled in!

"Mr. Xu, is this true?" a group of directors quickly asked.

The corners of Xu Jinsong's mouth twitched and his eyes were on fire.

It seems that this old guy is not going to let me go today!

"Well... although the current situation is not optimistic, it is too early to say delisting. We are doing our best to remedy the situation and recover losses for the group as much as possible."

Is that a real deal?

The atmosphere in the boardroom immediately became tense, and many people began to whisper.

The real estate market has been good in the past two years. The Xu Group's annual profit was only over 10 billion, and it suddenly lost 900 million. This is already a bit of a stretch.

"Oh Jinsong, I'm not telling you, it's good that you are young and energetic, but isn't this investment strategy too radical?

We are a large group and we are not stock investors, so why don’t we do basic risk management?

How can you place such a heavy bet on one stock?"

Now that he was preparing to compete with the other party for the position of CEO, Xu Boli knew that he had no intention of turning back, and he was not polite in his words.

He was completely using the tone of an elder lecturing a younger one, undermining the opponent's prestige.

Seeing Xu Jinsong's ugly face, Cui Jizhong quickly came out to take the blame.

"Director Xu, it's my fault. I didn't do a good job as a financial officer. In addition, there are also problems with the market research of the investment department..."

Xu Boli glanced at him disdainfully.

We allow family members to talk, is it your turn to interrupt?

Xu Jinbai naturally knew that with Xu Boli's status, he could not be as knowledgeable as Cui Jizhong.

So he also stood up and spoke.

"Although investment is inevitably risky, someone has to stand up and take responsibility for such a big investment mistake, right?

A single problematic sentence cannot solve any problem."

"Yes! Mr. Xu, I'm afraid I have to give an explanation to the board of directors on this matter!"

"Yes! The Investment Department is not to blame!"

Several directors from Xu Boli's group also agreed.

Xu Jinsong's face was ashen.

"Bang!" "Okay!"

While everyone was talking endlessly, Xu Bonian, who had remained silent, tapped his cane.

The conference room immediately became quiet.

"In view of the erroneous investment decisions that have caused great losses to the group, you two, Jinsong and Ji Zhong, will deduct all equity incentives for this year.

In addition, when replacing the head of the investment department, the specific candidate... will be decided by the Human Resources Department!"

Xu Jinbai is the director of the human resources department, which clearly means that he wants to throw away the fat meat of the "investment department" to calm the situation.

A hint of joy suddenly flashed across the faces of Xu Boli and his son.

Xu Jinsong's expression changed and he wanted to say something, but Xu Bonian glared back.

"What's everyone's opinion?" Xu Bonian glanced at everyone, and his eyes finally stopped on Xu Boli.
To be continued...
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