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MillionNovel > Cosma Empire > Chapter 566

Chapter 566

    It is absolutely impossible for anyone to cover such a big thing, including the compensation of almost 10 million stars. According to the matters stipulated in the memorandum of understanding between the two countries'' currencies signed with the Federation last year, the federation needs to take 40 million federal guilders as compensation, resulting in a direct economic loss of more than 13 million stars, As for the market value of companies evaporated in the capital market, it is even more unclear.


    If the United Construction Engineering Group had not had a strong enough foundation and visible financial results, I''m afraid it would be enough for the United Construction Engineering Group to go bankrupt.


    At this time, United Construction Engineering also held an emergency meeting, and all directors and shareholders of the company must be present, which is related to the future fate of United Construction Engineering. When the major shareholders faced such a huge loss, they actually had a different idea. Anyway, the place of the incident was in the Empire. If it didn''t work, they wouldn''t do the business. If they could rely on the people on the other side of the Empire, they could definitely reduce a large part of the loss.


    Not all workers have savings so that they can go to the federal court. The heavy cost will make many workers'' families choose to settle things and accept a small sum of money with the cooperation of the local government.


    However, the consequences of doing so are also quite serious. As a society based on good faith and abiding by the spirit of contract, if United Construction Engineering really does so, it is very likely to completely withdraw from the capital market, become a model of immorality and be despised by people. Therefore, it is necessary to hold this meeting to decide which way to spend the crisis in the end.


    Is it positive compensation and persistence?


    Or take the initiative to withdraw and don''t cheat on your face?


    At more than 3 p.m., the broad and bright meeting room is full of shareholders and senior executives of the company. According to federal law, individuals or institutions with more than 0.5% of the shares of a company are legal shareholders of the company and can attend the board of directors as nonvoting delegates, but they need to abide by it and can speak freely or not freely according to the system of the board of directors.


    After winning the project contract of Empire Otis City, United Construction Engineering made rapid progress in the federal stock market. It took only half a year to increase the stock price by 170%. The board of directors and professional market analysis institutions believe that as long as they can complete the contract, the stock price will continue to rise. Their first order in the empire can be used to open the door of the closed capital market of the Empire, so that more federal capital forces can find a breakthrough and enter the imperial capital market full of gold mines.


    However, it is a pity that in the event of such an accident, the share price of United Construction Engineering has been halved since the moment the news was disclosed in the newspaper.


    "Everyone is here, chairman.", the secretary with long blond hair bent slightly and whispered in the chairman''s ear. Her white shirt looks a little small. When a girl of her age is developing, she often faces such a problem - her clothes are one size smaller, so that she can''t even button the top three buttons of her shirt.


    The chairman of the United Construction Engineering Group is in his 60s. He has silver gray hair. His fingers and belly are pressed together, and his elbows are on the armrest of the chair. His eyes swept one by one from the faces of these shareholders, and many people avoided his eyes with some guilt.


    "By the last second of today''s closing, our stock price has fallen by more than 47%. If we can''t solve the impact of this accident within a week and pull back the stock price, gentlemen, many of you will face bankruptcy, including me!" his eyes are like a knife, The cold look makes many people feel uncomfortable.


    The people tore the neckline and took off their coats. The heating in the room made them feel a little too hot.


    "I know that many of you began to sell your stocks secretly yesterday without the consent of the board of directors. I was very disappointed. I thought we should be partners and find friends who lead to the ladder of heaven hand in hand, but the truth tells me that some of you are just shameless speculators.", He picked up a document and threw it on the table. "I have an up-to-date information list of your personal shareholding. Mr. and Ms. who currently hold less than 0.5% can leave. You don''t belong here."


    His voice fell for about three or four minutes. The first man stood up and said "sorry", then sorted out his clothes and turned away. Soon the conference hall was full, leaving less than a third of the people. The faces of these people left behind are also very ugly. The company has encountered such a big crisis. These people not only do not consider how to protect the interests of the company and their shareholders, but sell stocks without the knowledge of the company''s board of directors for fear of property shrinkage. The snowball effect brought by this behavior is definitely more serious than the harm brought by the accident itself.


    The chairman asked the sweet little secretary to close the door of the meeting room. Only then did he show some smiles on his face and shrugged a little carelessly, "The situation is not too bad. I just talked to the mayor of Otis city on the phone. They are willing to cooperate with us to try to suppress the negative effects of this matter, but for this reason, we need to repair the railway for them free, and they will pay for the materials."


    Sitting in the second position on the left of the chairman, the old man with white hair but a stiff spine asked, "how much will we lose?"


    The chairman spread out his hands and answered his question with regret, "we will lose about 70 million federal guilders. If there is any excess, it will not exceed too much!"


    People in the conference room took a breath. 70 million federal guilders have caught up with the one-year tax revenue of some relatively economically backward States, which is enough to put them on the verge of bankruptcy.


    The chairman was very satisfied with his words, which frightened everyone. What he wanted was such an effect. Of course, he could not let these persistent shareholders really lose all confidence, so he would really go bankrupt, so he quickly continued: "But we will reap more than 100 million, or even 200 million or more profits! The mayor of Otis promised that as long as we have completed two railways in Otis, he plans to build more railways, with a total mileage of no less than 2000 kilometers!"


    The shareholders took a breath again. The profits and added value obtained from the construction of a 2000 km railway can definitely make up for the losses caused by the accident, and there is enough profit space. These shareholders immediately showed a relaxed expression and a lot of smiles.


    The chairman nodded, "the first thing we need to solve now is to minimize the impact of the accident..."


    "How do you do that?" asked a middle-aged man in his forties who was sitting at the conference table.


    The chairman picked up the pen on the table, pointed to him and praised him: "good question. According to my understanding, the known number of casualties caused by the collapse accident is only 189. The local government is actively rescuing and striving to rescue more injured from the disaster!" , his eyes were shining. There was no doubt that he had lied, but the lie would be coordinated by the Empire, so it was not a lie, but a fact.


    Early the next morning, the newspaper reported the specific situation caused by the collapse accident in Otis city. Originally, people heard that one or two thousand people had died, so they sold all their stocks in panic. Now, it is obvious that they were cheated by some people and sold their stocks at a low price, as the newspaper said.


    The negative effects caused by the death of 100 people are the same as those caused by the death of 1000 people, but the economic effects have changed dramatically. The compensation of 34 million federal guilders and 34 million federal guilders are definitely different for a large construction company such as United Construction Engineering, so the violent fluctuation of stock price is naturally abnormal.


    As soon as the stock market opened in the morning, the exchange hung up the announcement of the suspension of trading of United Construction Engineering, and also said that United Construction Engineering had called the police to find the rumor maker who could damage the company''s reputation and cause huge economic losses to the company.


    Under such circumstances, a group of people in the stock exchange almost fainted. There is no doubt that after the resumption of the joint construction project, the stock price will return to the price close to the original stock price. In this way, they lost more than 50% of their wealth!


    At the same time, in the canyon where the Empire had an accident, a search and rescue team member kept hitting the stones with a metal pick against the heavy snow in the rubble. If he found that there was a sense of emptiness, he would let people dig here. There were many such search and rescue team members, but he was a little different. He found a remote place, took off his clean and eye-catching clothes and put them in A bag was hidden in one side. Under his clean clothes, there was a working suit often worn by workers, which was broken and there were many dry blood stains. He picked up the metal pick he carried with him, flashed a sharp look in his eyes, broke his arms and legs, and lay down in a depression he had just found.


    After about ten minutes, another collection team member came over. He saw the marked search and rescue bag on the ground, immediately put it into his carry on bag, then took out the signal gun and fired at the sky.


    Reporters outside the scene of the accident looked at the pink flare rising from the canyon and immediately blew up like a pot. They held up cameras and began to gather towards the canyon mouth, constantly asking for information from collectors.


    There is no doubt that this is the most exciting news since the accident. If one person is still alive, it means that more people are still alive!


    People don''t believe in miracles, but they have a very contradictory desire for miracles!
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