The CEO's 100 Billion Bride: The Secret War of the Rich
Chapter 110: Victory in danger
Early in the morning, at the Huo Group headquarters building.
Su Wanwan and Huo Yanshen came to the office early to prepare for the upcoming emergency meeting. Last night, they spent the whole night to develop a detailed response plan, and now it was time to announce it to the core team.
"Are you ready?" Huo Yanshen asked softly, holding his wife's hand.
Su Wanwan took a deep breath and nodded, "We have no choice but to face this challenge."
In the conference room, the core executives of Huo's Group have arrived. Everyone's face is full of confusion and worry, and they all obviously feel the unusual behind this emergency meeting.
Su Wanwan looked around and said, "Everyone, we have encountered a serious problem. During our in-depth investigation of Green Wing Technology, we discovered a large amount of financial fraud."
There was an uproar in the conference room. Financial Director Li Qiang frowned, "Mr. Su, are you saying that the company we just acquired is guilty of financial fraud?"
Su Wanwan nodded. "That's right. The situation is more serious than we thought. Not only did they falsely report their R&D expenses, they also hid a lot of debt."
Marketing Director Zhang Ming couldn’t help but interject, “This is too bad! If the news leaks out, our stock price will definitely plummet and the company’s reputation will be severely hit.”
“I agree,” said Liu Hui, the head of the legal department. “We must terminate the merger agreement immediately and report it to the relevant authorities. This is the only legal and responsible approach.”
The conference room was once again filled with noise, with everyone expressing their opinions.
"Quiet!" Huo Yanshen's voice suddenly sounded, and everyone immediately quieted down. "I understand everyone's concerns, but things are not that simple. President Su and I have carefully considered and developed a response plan. Please listen to it before expressing your opinions."
Su Wanwan looked at her husband gratefully, and then continued, "We have decided to proceed with the merger, but we will conduct a thorough reorganization of Green Wing Technology."
Seeing everyone's surprised expressions, Su Wanwan raised her hand to signal everyone to calm down. "I know this sounds crazy, but please listen to my explanation. First of all, Green Wing Technology's core technology is real and has great potential. If we give up now, we will not only lose a valuable opportunity, but also let these technologies fall into the hands of our competitors."
She paused to make sure everyone was listening.
“Second, we will publicly acknowledge the discovery of financial problems, but emphasize that these were mistakes made by the previous management and that the new management team will conduct comprehensive rectification. Doing so will not only demonstrate our integrity, but also win the trust of the market.”
"Finally," Su Wanwan's voice became firm, "we will increase investment in Green Wing Technology to ensure that their technology can generate practical value as soon as possible. This will not only save Green Wing Technology, but also demonstrate the responsibility and strength of the Huo Group."
The conference room fell silent as everyone digested this bold plan.
Financial Director Li Qiang spoke first, "Mr. Su, this plan is indeed very bold. But how can we explain why we didn't discover these problems before? Investors and regulators will definitely question our due diligence."
Su Wanwan nodded. "We have considered this issue. We will frankly admit that there were indeed omissions in the merger and acquisition process. But we will emphasize that it was precisely because of the strict internal review of the Huo Group that these problems were discovered in a timely manner. This can actually demonstrate our professionalism and sense of responsibility."
Marketing director Zhang Ming mused: “From a PR perspective, this is really a double-edged sword. If handled properly, we might be seen as a positive role model for the industry. But if not handled properly…”
"If we don't handle this well, we will face an unprecedented crisis of trust," Huo Yanshen took over the conversation, "which is why we need everyone's full cooperation. This is not just a crisis PR, but also an opportunity for us to reshape the company's image."
Liu Hui, head of the legal department, raised new concerns: “We also need to consider legal risks. Even if we proactively disclose, we may still face shareholder lawsuits and regulatory investigations.”
Su Wanwan nodded. “You are right, Mr. Liu. We have prepared a detailed legal response plan. We will fully cooperate with any possible investigation, while emphasizing the positive actions we took immediately after discovering the problem.”
The meeting lasted for three hours, with each department raising its own concerns and suggestions. In the end, after Su Wanwan and Huo Yanshen's persuasion, everyone agreed to this bold plan.
"Okay, now that everyone agrees, let's start immediately," Su Wanwan said, "Director Li, please organize a team immediately to conduct a comprehensive financial restructuring of Green Wing Technology. Director Zhang, I need you to prepare a detailed public relations strategy, including how to explain this situation to the public and investors. Mr. Liu, please make sure that every step we take is legal and compliant."
Everyone nodded and started to take action.
After the meeting, Su Wanwan let out a long sigh, feeling exhausted. Huo Yanshen came over and gently put his arm around her shoulders.
“You’ve done well,” he said softly, “but the hardest challenges are yet to come.”
Su Wanwan leaned in her husband's arms, "I know. But as long as you are by my side, I am not afraid of anything."
At this moment, Su Wanwan's cell phone suddenly rang. It was Wang He calling.
“Wanwan,” Wang He said, sounding nervous. “Something happened. I don’t know what happened, but rumors about our company’s financial problems suddenly appeared online. Now the media are asking about it.”
Su Wanwan and Huo Yanshen looked at each other and saw shock in each other's eyes.
“Wang He, stay calm,” Su Wanwan said quickly, “Don’t respond to the media. We’ll be right over.”
After hanging up the phone, Su Wanwan took a deep breath and said, "It seems that we have even less time than expected."
Huo Yanshen nodded, "Yes, but this may be an opportunity. Since the news has been leaked, we should take the initiative and control the direction of public opinion."
Half an hour later, Su Wanwan and Huo Yanshen arrived at the Green Wing Technology headquarters. Many reporters had gathered at the entrance of the company, and they swarmed over as soon as they saw the two.
"Mr. Su, is there any financial fraud in Green Wing Technology?"
"Mr. Huo, was the Huo Group aware of the merger and acquisition process?"
“What impact will this incident have on mergers and acquisitions?”
Facing the reporters' barrage of questions, Su Wanwan remained calm. She motioned for everyone to be quiet, and then began to speak:
“Dear journalist friends, thank you for your attention. Regarding the financial problems of Green Wing Technology that have been circulated online, I can confirm that we have indeed found some abnormalities. However, I would like to emphasize that these problems were discovered during the internal review after the Huo Group took over.”
She paused to give the reporters time to take notes.
"We deeply regret this, but at the same time we also want to say that the Huo Group will take full responsibility and make thorough rectifications. We have developed a detailed restructuring plan to ensure that Green Wing Technology can develop healthily. We believe that through this crisis, Green Wing Technology will become more transparent and stronger."
The reporters asked a series of questions again, and Su Wanwan and Huo Yanshen patiently responded one by one. They emphasized the integrity of the Huo Group and their confidence in Green Wing Technology.
The press conference lasted nearly two hours. When it was over, Su Wanwan felt exhausted. But she knew that this was just the beginning.
Back in the office, she immediately called the team together and began to implement the crisis public relations plan. In the following days, she barely rested, constantly accepting interviews, responding to questions, and appeasing investors.
A week later, the situation finally began to improve. Although the Huo Group's stock price still fluctuated, the market gave a positive evaluation of their handling of the situation. Many analysts even praised the Huo Group's integrity and responsibility, believing that this incident actually demonstrated the company's strength.
One night, when Su Wanwan finally had time to sit down and catch her breath, Huo Yanshen walked in.
"Thank you for your hard work," he said gently, handing his wife a cup of coffee.
Su Wanwan took the coffee gratefully, "Thanks to you by my side. If it weren't for your support, I would have collapsed a long time ago."
Huo Yanshen sat down next to her and gently put his arm around her shoulders. "We are husband and wife, and we are also the best partners. No matter what difficulties we encounter, we must face them together."
Su Wanwan leaned in her husband's arms, feeling his warmth and strength.
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