Chapter 1271 - 1271 1271: Returning the Shares
1271 1271: Returning the Shares
Within the short time when Feng Chen was in the operating theater, the almighty Feng family who used to be highly respected suddenly became the hated family whom everyone wanted to throw rotten eggs at.
Most importantly, all of the other businesses they owned were being targeted as well.
The Fengs weren’t only involved in the medical industry. They also had businesses in cosmetics, drug manufacturing, property, food, and beverages along with supermarkets. They owned a number of businesses that were heavily dependent on the public’s lifestyle.
Logically speaking, for a company that was as powerful as theirs, even if the impact was heavy, it shouldn’t have been destroyed quickly since they had their own supplier.
However, all of the suppliers, no matter big or small, had released a media statement refusing to work anymore with the Feng family after watching the video released by the Di family. They would rather pay for the breach of contract than continue working with the Fengs.
This directly caused the price of the market shares to drop tremendously.
Initially, in Country Z, as soon as the share falls to more than 10%, their stocks would be pulled out of the market automatically, but the Fengs transferred their company to another country, and this….was not applicable overseas.
So, all of those who owned shares in the Fengs noticed how the price was dropping relentlessly, and most started selling what they had.
Hawkins, on the other hand, was fuming mad at Jinqian.
He had just destroyed his own office and even when the new furniture had just arrived, all of them were demolished within minutes.
He had just taken 35% of the Feng family’s share.
One should remember that these shares symbolized the Medical Federation’s status as a shareholder of Feng Corporates. They would win or lose together.
This was also why the Hess family would demand 35% of shares from every corporate that joined them. They would then help them earn more money, and in return, the Hess family would also benefit from it.
Hawkins did the same thing with the Medical Federation.
Hawkins never thought that the Fengs would cost him such a huge loss. He only demanded 35% of shares from them because he assumed they would be making money, but as soon as he got his hands on them and they had just finished the legal procedures, the Fengs ended up in such a mess!
Thereafter, after wrecking the new furniture in his office and getting scolded by Eddie, Hawkins had no other choice but to meet the Fengs in order to return the 35% of shares to them.
He was the director, so he had to be there in person.
However, Mrs. Feng wasn’t an idiot.
She has been by Mr. Feng’s side for years, and she obviously knew what their family was facing now.
One bad rumor was enough to piss off Hawkins and led to their accounts being frozen. Now that something so worse happened, Hawkins would definitely want to destroy them once and for all.
Previously, they only lost part of their shares, and they would only be losing out on a portion of their money. However, what they were facing now was different. The supply chain had been cut off, and the public refused to buy from them. Their stocks were being sold cheaply. If this continued, not only would they end up penniless, but they would also have to bear a large amount of debt.
Once that happened, they wouldn’t even be able to live a normal life.
Just when Mrs. Feng was feeling relieved that the shameless Hawkins had taken part in their company and would now have to be responsible for them, Hawkins stormed into the room.
“Sign a new contract now! I don’t want any of your shares, you idiots!!”
The expression on Mrs. Feng’s face changed drastically.