All round car designer

Chapter 222 Wei Peng Bankruptcy

Using the 500 million yuan obtained from the sale of Wei Peng Electronics last year, Ma Huafu basically stabilized the company's plight at that time. He thought that Wei Peng Automobile would gradually improve under his leadership, even if he could not return to the peak of the year , at least break even, and even make a profit.

After all, in Ma Huafu's heart, there are still many plans for the development of Wei Peng Auto that have not been realized. He feels that he has the ability to lead Wei Peng Auto to another glorious future.

But the good times didn’t last long. The 500 million paid by Feichi Company only brought a temporary improvement. The most fundamental dilemma of Weipeng Automobile is that the sales of its models have always been poor. All the models currently on sale are a few years ago. The company has not launched a new model for at least five years.

Coupled with the birth of the Mercedes-Benz company in the past two years, the Mercedes-Benz QQ and the Golf have greatly reduced the living space of Wei Peng Motors, and basically lost its small market share.

If the car cannot be sold, the funds cannot be turned around normally. Without the funds, the company once again fell into a financial crisis. From the workers to the management to the suppliers, basically they are about to go on strike.

In fact, Wei Peng Auto does not have a new car research and development plan. In the past three years, Wei Peng Auto has been developing a research and development project, and this project was originally developed in cooperation with Dafeng Automobile, but later, Dafeng Automobile Seeing that Wei Peng Automobile was already in crisis, he unilaterally announced the termination of this cooperation regardless of morality.

The withdrawal of Dafeng Automobile this time not only took away the technology, but also the most indispensable capital of Weipeng Automobile!

After that cooperation broke down, Wei Peng Automobile's situation became more difficult. If Ma Huafu hadn't supported himself and mortgaged his house and car, the company should have declared bankruptcy at that time.

The reason why Ma Huafu has persisted until now is because he always feels that the project under development will definitely help Wei Peng Automobile to achieve a reversal. It is a pity that a company in Nuoda relies on the enthusiasm of Ma Huafu alone. It is far from enough. If there is no way to solve the financial problem, Wei Peng Automobile will never be able to revive.

Since the beginning of this year, the sales of Wei Peng Automobile have suffered an unprecedented blow. In fact, at the general meeting of shareholders held at the beginning of this year, many shareholders proposed that they want to directly put Wei Peng Auto into bankruptcy procedures, and even for this reason A proposal was also made to dissolve the existing board of directors and hold new elections.

In the end, with the efforts of Ma Huafu, he won the support of the majority of shareholders and agreed to continue to let Wei Peng Auto survive, but the premise is that Ma Huafu will take actions to get Wei Peng Auto out of the predicament and let shareholders see hope.

However, half a year later, Wei Peng Automobile is still mired in the quagmire of financial crisis and cannot extricate itself. Even Ma Huafu himself is a little confused and begins to think whether his persistence for so many years is worth it, so this time another shareholder proposed bankruptcy. When the incident happened, Ma Huafu surprisingly did not object.

After fighting alone for so many years, Ma Huafu also felt tired.

If you go bankrupt, just go bankrupt. At worst, I will start a new business in the future!
"Dear shareholders, everyone should know the topic of today's Extraordinary General Meeting of Shareholders. That is to vote to decide whether to let Wei Peng Auto enter bankruptcy proceedings or continue to raise funds to keep the company alive. Each shareholder's vote is important to the company. They are all very important, and I hope everyone can take their votes seriously."

Ma Huafu, who was in charge of hosting this shareholder meeting, looked at the crowd and said.

"Okay, now we are entering the voting session. Please come to the front in an orderly manner and put your ballots into the boxes. Then we will vote."

After Ma Huafu finished speaking, the voting officially began. Starting from the first row, every shareholder put their votes into the box in an orderly manner. In the end, Ma Huafu was the only one who did not vote.

Ma Huafu looked at the ballots in his hand, and after a battle between heaven and man, he finally chose the one he thought was most suitable and put it in the ballot box.

Afterwards, the voting session officially began. While everyone was waiting nervously, the final result of the vote finally came out. Among all 132 shareholders of Wei Peng Automobile, 110 supported bankruptcy, 21 abstained, and only one objected to bankruptcy.

It was Ma Huafu himself who voted against. Until the end, he still couldn't bear to give up the business he had insisted on for more than ten years.

However, the overall situation has been decided, and his persistence alone will not help at all. Since the general meeting of shareholders has already been held, bankruptcy is only a matter of time.

Looking at the final voting results, Ma Huafu was in a trance for a while, as if he remembered the glory of Wei Peng Motors when it was first established. Ma Huafu actually felt a sense of relief.

But Ma Huafu feels that he has a clear conscience for Wei Peng Motors, and maybe the bankruptcy is just a new beginning.

"Okay, let me announce that, according to the relevant provisions of the "Weipeng Automobile Company Articles of Association", in view of the fact that more than two-thirds of the shareholders agree that the company will enter bankruptcy proceedings, I solemnly declare that the voting results are valid. judicial bankruptcy proceedings."

Speaking of this, Ma Huafu couldn't help taking a deep breath, and then bowed deeply to everyone, "Thank you all shareholders for your support of Wei Peng Automobile for so many years, and thank you for your trust in me. Today, as the chairman and CEO, I have to bear the greatest responsibility, I wish you all the best in the future, thank you."

Speaking of this, Ma Huafu couldn't help the tears in his eyes, no matter how open-minded his heart is, when it comes to saying goodbye, he will always be reluctant to part with it.

With the end of this general meeting of shareholders, an era has officially come to an end. It is still unknown what will happen to Wei Peng Motors in the future, whether it will be acquired by another company or just die out.

***
The news of Wei Peng Auto's bankruptcy has not yet been announced to the public. The focus of the domestic auto market is still on the Golf and Trailblazer.

For Chunqi Dafeng, the increase in sales brought about by the price reduction can be said to be immediate. Of course, according to the sales data fed back by the sales company, the sales volume of the Trail Blazers today has skyrocketed by almost a thousand units. The reputation of Qi Dafeng has also been greatly improved.

Seeing the rising sales data, Jonathan was almost happy, and felt more and more that his decision was correct. Although he knew in his heart that this was only a temporary victory, under the current situation , even if it is a temporary victory, it is worth celebrating!

(End of this chapter)