Chapter 645
Silently
Chapter 645 Silently
Yu Xing felt that he had the most leisurely Spring Festival in recent years.
He put aside all official business and ignored public opinion, staying in the small town every day to take walks and chat with Xiaoying. On the second day of the Lunar New Year, his mentor, Brother Liu Jingrong, and his family arrived, adding a touch of innocent playfulness to the scene.
Liu Jingrong naturally paid attention to Yu Xing's news. Even if he didn't want to know, his colleagues at school would mention it every day.
This meeting was also to satisfy my curiosity: "Yu Xing, how did you manage to do all that short selling? Why did you choose this particular path?"
Yu Xing watched his two soon-to-be nieces running on the beach and laughed, "It's just a side job. It's about wanting to bring more love to the world. The bigger the scam, the more people suffer, isn't it? Just like the anatomy I learned from you, you have to be quick, accurate, and ruthless in your incisions."
Liu Jingrong shook his head repeatedly, unsure how to evaluate the comparison, only knowing that they certainly couldn't be compared like that.
Secretary Zhang Yangxu, who rushed over right after the Spring Festival, was originally far away, but after receiving a phone call, he hurried over. Knowing that Liu Jingrong was not an outsider, he did not avoid him and reported: "President Yu, there has been a change in the investment of silicon carbon in copper market Nayuan. They just held a board meeting on the phone and do not agree to silicon carbon obtaining a board seat, which violates the agreement between the two companies."
Yu Xing withdrew his gaze from the two children playing and sighed, "Yes, Tongshi Nayuan, I know, everything went smoothly before, right?"
He also recalled reading a written report on this topic when he was in Hong Kong.
Zhang Yangxu carried a tablet with him, and he was already pulling up the information and the previously signed electronic contract as he spoke.
The carbon silicon supply chain management company and Tongshi Nayuan have a clear contract, and the board seats are also a written condition. Now the other party is unwilling to abide by the promise, which will lead to a series of disputes.
Yu Xing quickly went through it once to avoid any memory problems.
After thinking for a moment, he said to Liu Jingrong, "Brother Rong, you see, this time we have to be quick, accurate and ruthless. Tongshi Nayuan is a local state-owned enterprise that makes battery precursor iron phosphate, which is an important part of our company's upstream and downstream integration."
“Now there’s a contract dispute. The other party is the controlling shareholder, and it’s a state-owned enterprise. We’ve already transferred the money to them, so this is going to be a mess.”
“We can’t talk about Tongshi Nayuan Company directly. We need to put pressure on Tongshi from the local level. The major shareholder of this company, Anada, is also a company in Tongshi and a listed company on the Shenzhen Stock Exchange.”
At this point, Yu Xing said to Zhang Yangxu, "Let's see when is a good time to call the leaders in Tongshi. It's still the Lunar New Year, so it's a good time to call and wish them a belated Happy New Year."
Upon hearing this, Liu Jingrong laughed and said, "Is this sending the local bullies to deal with other local bullies?"
Yu Xing shook his head: "No, this is our territory."
Zhang Yangxu walked to the side and contacted people in the copper market.
A moment later, he came back and said we could talk on the phone now.
Yu Xing smoked half a cigarette, organized his words, and then called Tongshi. He first exchanged pleasantries and New Year's greetings, then mentioned the integration of resources between the Carbon Silicon Group and Tongshi, and also discussed the positioning of Tongshi Nayuan Company, hoping that it could cover more business areas in the future, rather than being limited to precursors.
Liu Jingrong listened from the side, but didn't seem to notice anything amiss; the tone of his voice was perfectly normal.
After the call ended, he asked, "Did they agree to proceed with the previous investment? Or will they communicate with the company's owner?"
"We definitely need to push things forward, but that's not something I can discuss. I can't go into too much detail, and the leaders wouldn't understand the details anyway." Yu Xing now has a lot of experience communicating with leaders. "I'll have the person who was in charge of this matter go and talk to the junior leaders there about new intentions. They can then talk more directly. Without a resolution on the Tongshi Nayuan issue, nothing else can be implemented."
Liu Jingrong asked, "What kind of explanation is needed?"
Yu Xing thought for a moment and said, "Let's find someone else. This person isn't good."
He wasn't sure what the specific reasons were for the change, but the cooperation reached last month had run into problems this month, and the equity and management of Tongshi Nayuan were extremely clear, so he would definitely have to investigate the BOSS's position.
Liu Jingrong felt that the previous approach was fast and accurate, but this one was a bit ruthless.
However, he was unclear about the specific details and did not offer any further comment.
As it turns out, the cooperation between Tongshi Nayuan and silicon carbon is bound to be known and noticed by many people. About an hour after the call ended, Yu Xing received a call from the chairman of Anada, the controlling shareholder of Nayuan.
The process was similar for both parties: exchanging pleasantries and New Year's greetings, jointly promoting cooperation, and the other party inviting deeper cooperation on carbon silicon's equity in copper market Nayuan, meaning they were willing to give up more of their shares.
An hour later, further news emerged from Tongshi Nayuan: the original CEO, Dong Zeyou, resigned for personal reasons, and his position was temporarily taken over by the deputy general manager.
Seeing that the obstacle had disappeared in such a short time, less than half a day, Liu Jingrong couldn't help but exclaim, "Yu Xing, your influence as a short seller is too great."
Yu Xing laughed and said, "This is our Silicon Carbon Group's business, it has nothing to do with short sellers."
Liu Jingrong explained, "Didn't that Anada company listed on the Shenzhen Stock Exchange call you? Could it be that they're worried about being targeted by you, the big short seller? After all, you made LeEco look really bad." Yu Xing was taken aback, "Well... it's not that serious. I wouldn't be that despicable. If they don't want to cooperate, then they don't have to."
Liu Jingrong said, "People might not think that way."
Yu Xing could only say, "Brother Rong, people outside the industry are prone to making wild assumptions."
However, as an insider and the chairman and CEO of Tongshi Nayuan who was swiftly removed from office, Dong Zeyou was completely bewildered and had to seek reasons related to the influence of the short sellers to comfort himself.
He received calls from the city and Annada, one asking about the cooperation with silicon carbide, the other discussing the company's future plans, and finally being directly asked to resign.
But... Nayuan Company is about to release its production capacity, and all my hard work over the past few years is about to bear fruit. At this critical juncture...
Dong Zeyou was very unwilling and called Chen Dong, the chairman of Ananda and his old friend, many times. When he finally got through, he heard Chen Dong sighing.
Chen Dong preemptively retorted, "Old Dong, why did you go and provoke them for no reason? The city clearly wants a result. What am I supposed to do? How am I supposed to explain this? The contract is in black and white, and then you inexplicably held a conference call and some kind of board resolution. Why is that?"
Dong Zeyou found it difficult to explain and could only say, "Control of Nayuan Company is very important..."
Chen Dong said, "We believe that the company's future development is more important."
Dong Zeyou took a breath: "He wants a seat, so he wants a seat. Why didn't he call me? Why is he going to such lengths? I can negotiate, I can negotiate too!"
Chen Dong questioned, "Why didn't you talk to them before? Did you communicate with the silicon carbon company before making the decision? Old Dong, if you don't talk to them, they won't talk to you. Don't even think about creating some independent little kingdom. There's no room for negotiation on this matter."
He sighed again, "He's not just the founder of silicon carbon; now the whole world knows he's a big short seller with huge funds. Look at LeEco; they supposedly offended him and now look what happened to them. When it comes to ruthlessness, what big short seller can you compare to?"
Dong Zeyou's face turned ugly. After a long while, he shouted, "I need to call Yu Xing, to... to President Yu!"
Chen Dong asked quietly, "Do you have his phone number?"
Dong Zeyou did not.
He was stunned and speechless, not even noticing when the call ended.
Dong Zeyou did not submit his resignation, but the company's announcement had already implied his resignation.
He only found out about it that night from a phone call he received from someone else, and he cursed as soon as he hung up.
No matter how much they cursed, they thought that even if the other side was a major short seller, they could still put up a fight on the Nayuan issue. But now they couldn't even hear the other side's voice and were directly dismissed.
Dong Zeyou was filled with regret and resentment, and he couldn't fall asleep for a long time that night.
However, the change in a carbon silicon supply chain cooperation is so dramatic that it barely makes the news, quietly altering the fate of a few people on a small scale.
With its IPO approaching, Silicon Carbon Group still delivered 13,000 units in January, roughly the same as in December of last year, which once again proves that this is the upper limit of Silicon Carbon Group's current delivery capacity.
Such developments only made it into industry news and analysis. Zhejiang Province and Shanghai continued their 2015 subsidy policies and did not immediately follow the new regulations. Other regions across the country gradually followed suit with the subsidy reduction regulations.
Industry insiders generally believe that the transmission of such policy changes is delayed, but its impact on Silicon Carbon Group may be seen as early as March. Silicon Carbon previously introduced a policy that the company would guarantee subsidies for large orders placed before the end of the year, but this policy was not continued after the new year.
Whether the silicon carbon group can stabilize is an important target for observation in the industry.
On February 11, while China was still in the Spring Festival holiday and LeEco was facing enormous problems, Jia Yueting, who had gone overseas to "raise funds," finally appeared in Los Angeles.
LeEco claimed to be building cars, but Jia Yueting established Faraday Future in California in his personal capacity, under the guise of a dual-brand strategy. Now, many people have realized that this was a covert transfer of funds and resources.
He appeared in front of American reporters that day for two reasons: first, to announce that LeEco had entered a crisis, but that he would not give up on resolving the crisis; and second, to insist that Faraday Future had a bright future.
It's worth mentioning that some people were watching the interview and even loudly asked the head of LeEco questions.
"Mr. Jia, Mr. Jia, how does it feel to have your stock shorted by Mr. Yu?"
The on-site interview was interrupted by this incident. LeEco's fugitive chairman was clearly red-faced, and the last thing seen was him waving his hand to take a picture of the reporter.
(End of this chapter)