Reborn: Shorting My Father's Company to Become the Richest Man
Chapter 298

Press Conference (Part 2)

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When Zhao Chen pushed open the Meeting Room door and came in, everyone was already there.

Chen Xi, Zhang Qingxue, Chen Qiming, Chen Wei, Song Zhongping, Liu Mingyu.

Everyone is wearing formal clothes and has serious expressions.

Chen Xi welcomes:

"Zhao Zong, everything is ready. Lawyer Zhang has gone through the speech for the press conference, and Director Chen's data is also ready.

Invitations to the media were sent out last night, and more than thirty people are expected to attend."

Zhao Chen nodded:

"Okay."

He looked at Zhang Qingxue:

"Lin Wanqing, is there any response?"

Zhang Qingxue shakes his head:

"No. She seems to have made up her mind not to show up."

Zhao Chen said:

"Then let's go at our own pace."

He glanced around:

"Today's press conference is not to defend. It is to present the facts.

We answer whatever they ask. We don't avoid, don't cover up, and don't get emotional."

He looked at everyone:

"Can it be done?"

Seven people nodded at the same time.

Zhao Chen looked at the clock on the wall.

Half past eight.

There is still half an hour until the press conference.

Nine o'clock in the morning, Henglong Building first floor, Multi-Function Hall.

More than 30 media outlets and more than a dozen reporters from the West crowded the hall.

Lu Shen's team also came, holding up their mobile phones to broadcast the premiere.

When Zhao Chen walked in, the flashlights suddenly lit up.

He sat down in the middle of the podium.

The one on the left is Zhang Qingxue, and the one on the right is Chen Qiming.

Chen Wei is sitting next to Chen Qiming, and Song Zhongping is sitting on the edge.

Liu Mingyu stands on the side of the stage and is responsible for hosting.

"Dear friends from the media, Henglong Group's press conference on recent public opinions will begin now."

He paused:

"Now comes the question-and-answer session. Please raise your hand."

The reporters all raised their hands.

Liu Mingyu ordered the one in the front row.

Reporter (<Securities Daily>):

"Excuse me, Lawyer Zhang Qingxue, regarding Ms. Lin Wanqing's accusation of 'Henglong maliciously diluting Minor Shareholder's rights and interests', what is Henglong's response?"

Zhang Qingxue pushed up his glasses and said in a steady voice:

"Thanks for asking. Regarding Ms. Lin Wanqing's accusations, we have the following explanations."

She opened the document in front of her:

"First, there are clear cooperation agreements for the three projects mentioned by Ms. Lin Wanqing.

Article 7.3 of the agreement clearly stipulates: If one party fails to make additional investment according to the agreed proportion, the other party has the right to request the initiation of a revaluation procedure."

"Second, we have notified Ms. Lin Wanqing many times through phone calls, emails, written letters, etc., asking her to make up the funds within the specified time. But she has never responded."

She held up a stack of papers:

"This is the entire communication record - 5 phone calls, 3 emails, and 2 written express delivery. The express delivery receipt shows that all have been signed for."

"Third, the revaluation is completed independently by a third-party appraisal agency.

The evaluation agency has legal qualifications, the evaluation process is open and transparent, and the evaluation results are well-documented."

She put down the document and looked at the reporter:

"Ms. Lin Wanqing said she was 'maliciously diluted', but she never exercised any right to object within the legal period and never participated in any communication.

This is not 'malicious dilution', this is 'implementation in accordance with the law'."

The reporter asked, "What about the '50 million becomes 20 million' she said?"

Zhang Qingxue said:

"Those two loss-making projects, based on the new valuation, her shares have indeed been diluted.

But this is the result of her own choice not to invest money. She signed the agreement herself, and she recognized the terms.

If you don't admit it now, it can only mean one thing -"

She paused:

"She had no intention of fulfilling the contract from the beginning."

Reporter (<21st Century Business Herald>): "May I ask Director Chen Qiming, is the statement circulating on the Internet that 'Henglong evaded 100 million in tax evasion' true?"

Chen Qiming pushed up his glasses and opened the data in front of him:

"First of all, I want to make it clear: Henglong Group has received tax inspections three times in total in the past three years.

The results of the three times were all - no violations, no tax arrears, and no penalties."

He held up a document:

"These are the tax returns and tax payment certificates for the past three years. The total amount, tax type, and time are all publicly available for inspection."

He paused:

"As for the 'one hundred million' statement on the Internet, I can only say that it has no factual basis."

He looked at the reporter:

"We have entrusted lawyers to fix the evidence and will hold those who spread the rumors legally accountable.

At the same time, we welcome the tax authorities to investigate at any time. The more thorough the investigation, the more it can prove Henglong's innocence."

The reporter asked, "Then why didn't you clarify it in advance?"

Chen Qiming said:

"Because we have been preparing information and conducting internal verification these two days."

He glanced at Zhao Chen and said:

"Now, our internal verification has been completed and no problems have been found."

Reporter (<Daily Economic News>): "Excuse me, Mr. Chen Wei, is the report about Haoyu Construction arrears of workers' wages true? Are the workers really asking for wages?"

Chen Wei took a deep breath and took the microphone:

"The situation of wage arrears does exist. But this is Historical Issue, not something new after Henglong took over."

She opened the notebook in front of her:

"Before Haoyu Construction was acquired by Henglong, a total of approximately 490 million was owed in wages.

After Henglong took over, we proposed a solution immediately and everyone signed it.

The first batch of 230 million has been fully settled.

The second batch of 180 million has been fully settled as of yesterday.

The third batch is about 80 million, and according to the agreement, it will be settled in March next year."

She paused:

"But now there are people who are maliciously inciting, saying that the agreement does not count. Some people even pretend to be workers and spread false information in the group."

She looked at the reporter:

"In order to completely solve Historical Issue, Henglong injected another 100 million yesterday.

This morning, the arrears of 80 million yuan have begun to be paid out one after another.

We welcome workers, friends and material suppliers to come to the company for verification, and we also welcome media supervision."

After she finished speaking, she added:

"Those who want to use worker brothers as gunmen, you have made the wrong calculation."

Reporter (Caijing.com): "Chairman Zhao, what do you think about the prosecution of Zhao Jianguo's three children?

They require re-dividing Stock Issuance, will it affect your Control?"

Zhao Chen leaned on the back of the chair with calm eyes:

"First of all, I need to make it clear - until now, there is no evidence that those three children are my Father Zhao Jianguo children."

He paused:

"I didn't get any information from my father.

I haven't seen any DNA evidence.

All the statements about 'three illegitimate children' on the Internet come from the one-sided words of Ms. Lin Wanqing."

The reporter asked, "What if the DNA test confirms it?"

Zhao Chen said:

"If it is confirmed, it is a legal matter. But every agreement my father signed was attended by a lawyer and the entire process was videotaped.

He completed the transaction while he was conscious and expressed clearly. Coercion? No evidence can be produced."

He looked at the camera:

"As for Control--"

He smiled, the smile was very light:

"My Control is recognized by the law. Is there anyone who can go beyond the law?"

Reporter (Jiemian News): "Excuse me, Mr. Chairman Zhao and Mr. Lu Shen have spoken out many times on Weibo, questioning the business issues of Henglong. What do you think?"

Zhao Chen was silent for two seconds.

Then he said:

"Mr. Lu Shen is free to send Weibo. But his freedom should not be based on lies."

He looked at the reporter:

"I don't evaluate him. But I suggest you check his Short Selling position, how many shares it currently has, and how much floating loss it is.

After checking, let's take a look at his Weibo."

Liu Mingyu saw the opportunity and quickly announced:

"That's it for today. Thank you all."

The flash came on again.

Zhao Chen turned around and walked backstage.

The reporters behind them were still shouting:

"Chairman Zhao! Answer another question!"

"Chairman Zhao! Do you have any evidence regarding the position of Lu Shen?"

"Chairman Zhao! Will Lin Wanqing sue?"

He didn't look back.

He has more important things to deal with. Today is Monday and the casino is open.

Lu Shen's most powerful attack will be used today.

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