The next day.
The front pages and headlines of all major financial media outlets were completely dominated by the thrilling long-short battle over Qiming Electronics.
"Epic Long-Short Showdown! Qiming Electronics Single-Day Trading Volume Tops Ten Billion, Retail Investors Follow Suit, Short Sellers Crushed!"
"Sudden Shift in Qiming Electronics' Control! Richest Man Huang Yu Emerges with Gome, Becoming the Largest Shareholder in One Fell Swoop!"
"When the Snipe and the Clam Grapple, the Fisherman Profits? A Disruptor Appears in the Qiming Electronics Battle; Huang Yu Enters, Landscape Shifts Again!"
"The Shen Family in Crisis! Qiming Electronics May Change Hands, Future Direction a Mystery!"
"........."
Just as major media outlets were still reporting on the long-short battle, another, even more explosive announcement and news story took over the financial headlines once again.
"Breaking News! Qiming Electronics to Hold Extraordinary General Meeting; Shen Family's Eldest Son Shen Hao Teams Up with External Capital to Propose Ousting His Father, Shen Yanchang!"
"Family Feud Goes Completely Public! Shen Hao Turns Coat, Power Reshuffle at Qiming Electronics Imminent!"
The moment the news broke, it immediately sparked heated discussions among a massive crowd of onlookers.
"Love to see it! A son actually wanting to oust his old man, this plot is too thrilling!"
"Isn't it obvious? A classic wealthy family feud! They definitely couldn't agree on dividing the inheritance and had a falling out!"
"Grabbing my popcorn! This feels even better than a TV drama. Getting my little stool ready to wait for the updates!"
"I knew the eldest young master of the Shen family had been too quiet lately and definitely had a backup plan. I just didn't expect him to be this ruthless—flipping the table and refusing to play along!"
"Wait, what is Shen Hao even after? What good does it do him to drive his own dad out of power? Isn't the company still the Shen family's?"
"The commenter above is too naive! The title of the largest shareholder of the Shen family has already changed hands. It's obvious Shen Hao promised outsiders some benefits and wants to step up as a puppet chairman himself!"
"Insider news is here! I heard Shen Hao wanted to increase his shares before, but he was teamed up on and screwed over by his dad and two younger brothers, losing everything! This is his revenge!"
"Real or fake? If that's true, you can't blame the eldest young master for fighting back! If his own family played dirty first, they can't blame him for showing no mercy!"
"Heh, no matter what, that's still his biological father. Teaming up with outsiders to seize the family assets now is just unfilial! An absolute ungrateful wretch!"
"Here comes the filial piety moral kidnapping again? The business battlefield is all about ability and profit! Shen Yanchang caused the company's stock price to plummet, damaging the interests of all shareholders. What's wrong with ousting him?"
"Exactly, and who knows if his dad secretly consented when Shen Hao was screwed over back then? Maybe he's just biased towards the other two sons!"
"Even an upright official finds it hard to settle family quarrels, but this family fighting like this is really an ugly sight."
"I'm more curious about the background of those three capital firms. Mingzhu, Yunshan, Wanlong—I've never even heard of them before!"
"Same here. I feel like these three firms have quite the background; they seem very powerful!"
"Who cares, let's just enjoy the drama! Sitting tight for the latest news from the shareholders' meeting. I think this will definitely be more exciting than a palace drama!"
".........."
Just as many netizens had guessed, this shareholders' meeting was more spectacular than many could have imagined, and it even revealed a piece of news far more explosive than the Shen family feud.
The extraordinary general meeting of Qiming Electronics was held in the largest auditorium at the company's headquarters.
Even so, the venue was still packed to the brim, completely impenetrable.
The number of attending shareholders far exceeded any previous meeting, almost more than three times that of a normal annual general meeting.
Shen Yanchang sat on the rostrum, looking at his eldest son, his face terrifyingly gloomy.
He never expected his eldest son to be so ruthless as to directly propose ousting him. If it weren't for the large crowd present, he would have wanted to sever his father-son relationship with this rebellious child right then and there.
The meeting proceeded methodically according to the established agenda. When it came time to deliberate the motion to dismiss certain company directors and senior management personnel, the atmosphere in the entire hall instantly grew tense.
As soon as the host announced that the representative of the proposing party should speak, Shen Hao stood up without hesitation, adjusted his suit buttons, and walked to the podium.
He ignored his father and two younger brothers, who were sitting on the rostrum with livid faces, picked up the microphone, and began to explain his reasons for the dismissal.
"Fellow shareholders, I am Shen Hao. Standing here today is not my original intention, but for the future of the company, I have no choice but to do this."
"I hereby officially propose the dismissal of Mr. Shen Yanchang from his position as Chairman, the dismissal of Mr. Shen Rui from his positions as Company Director and General Manager, and the dismissal of Mr. Shen Ming from his position as Deputy General Manager of the company!"
As soon as he finished speaking, an uproar broke out in the audience.
Although everyone had long known that Shen Hao would make this move, actually hearing a son demand his father's ousting with their own ears still carried a very strong impact.
After the hall quieted down, Shen Hao continued to elaborate on his reasons for the dismissal.
"The reasons are as follows. First, when the company faced normal market trading behaviors, Mr. Shen Yanchang and his management team made severe decision-making errors. They abused the poison pill strategy and did not hesitate to mortgage core company shares for irrational market confrontation, causing severe fluctuations in the company's stock price and greatly damaging the company's value and the interests of all shareholders!"
"Second, the management abilities of Shen Rui, Shen Ming, and others are truly concerning. They have caused numerous problems within the company and have long been unfit to continue holding core management positions!"
"Third, and most importantly! In order to maintain their personal control, they did not hesitate to drag the company into the mud. Even before this, for their own selfish interests, they maliciously obstructed other shareholders, including myself, from normally increasing our company shares. Their behavior has long deviated from the original intention of seeking profit for the company and all shareholders. What qualifications does such a management team have to continue leading Qiming Electronics?!"
"Shen Hao, you unfilial son! Shut your mouth!"
Shen Yanchang could no longer hold back the fury in his heart. He slammed his hand on the table, stood up abruptly, pointed his finger at Shen Hao's nose, and cursed, "How did I ever raise a traitorous thing like you! For a bit of family property, you actually colluded with outsiders to scheme against your own father!"
Shen Rui and Shen Ming also couldn't wait to jump up, joining their father in condemning their eldest brother.
"Big brother, do you have any conscience left! Dad worked so hard to raise you, and this is how you repay him? You teamed up with outsiders to snatch away the foundation our Shen family has built for over twenty years! You are going to destroy our Shen family!"
"That's right! Everyone, open your eyes and see what kind of people my big brother is cooperating with! Yunshan, Wanlong, Mingzhu—these three capital firms are all shell companies less than a year old. Who knows if their money is even clean? They are a pack of bloodthirsty wolves! Big brother, you are being used by them! You are inviting wolves into the house, and you have destroyed our father's life's work!"
Faced with the relentless reprimands from his father and younger brothers, Shen Hao's expression remained perfectly calm. "I never intended to betray the Shen family. You are the ones who pushed me to this point. Everything I have done is to save the company. One day, you will understand."
His words were not without merit. Liu Yutong had spoken with him about the hidden crises lurking within Qiming Electronics. For instance, the display screen technology that the company was currently pouring its research and development funds into had already veered completely off track.
Although no glaring issues had surfaced just yet, within a year's time, it was bound to deal a devastating blow to Qiming Electronics.
