Our Rise Era

Chapter 218 Destruction
[On May 2011, 5, seven solar panel manufacturers led by SolarWorld Industries America Inc. filed a trade complaint with the U.S. Department of Commerce and the U.S. International Trade Commission (ITC), requesting the U.S. government to investigate solar panels exported by China to the United States.]

Experiencing the stranglehold of Wall Street.

Having weathered the storm of the financial crisis...

China's photovoltaic industry, which survived the darkest hour and defeated the European and American photovoltaic industries, did not advance as rapidly as expected.

Each of them had the dream of listing in Europe and the United States, creating the second Suzhou Deshang, and becoming a global photovoltaic giant. However, overnight, as more and more local photovoltaic companies in Europe and the United States complained, they temporarily stopped.

5 month 20 day.

In a haze, the China Photovoltaic Industry Alliance started its first formal meeting in 2011.

This is the first meeting since Zhang Yang withdrew his shares and left the market...

As usual, this meeting was led by Zhou Xinsheng, the boss of Suzhou Deschamps.

However, this meeting was not publicized.

Two companies are missing...

[Zhenjiang Technology] and [Songxiang Photovoltaic Technology]...

……

"What should we do next?"

The sunlight outside the window was very bright, shining on Zhou Xinsheng's face.

Zhou Xinsheng, sitting in the chairman's seat, silently looked at everyone in the conference room.

In the past six months, after Zhang Yang withdrew his shares, all the companies present had almost put all their capital into the European and American markets in order to be listed in Europe and the United States. In order to gain pre-IPO performance, make the pre-IPO stocks look better, and gain the favor of European and American capital, almost every company was frantically grabbing territory, and various tricks were frequently used, turning the entire market upside down. Even several companies had a falling out because of this, and fought privately for countless times...

however……

Everyone sitting in the conference room just lowered their heads and looked at the table.

But no one said a word.

Silent silence lingered around the conference room. After an unknown amount of time, Zhou Xinsheng sighed and said, "Everyone, how many shares do you still have?"

"..."

This sentence still did not get any response from anyone.

In some people's minds, the words Zhang Yang had said to them before he left suddenly emerged.

Zhang Yang once reminded us of this.

That is, the rules that govern this world are controlled by a group of gentlemen in suits.

Seemingly polite and courteous to everyone, but once someone tries to break the rules and have autonomy...

Those polite gentlemen would take off their suits and do all kinds of things in the most barbaric and primitive way.

Some people listened...

However, it was forced to abandon the European and American markets, follow Zhang Yang, and join the Western Development Plan, which required high investment but had low returns and was designed entirely to pave the way for future generations, as a way out for the next step.

And it’s at the moment of listing…

No one is willing to give up this territory.

then……

They chose a compromise solution, which was to introduce European and American capital.

It can not only provide European and American capital to help increase the market value when it goes public, but also...

We all have your European and American capital, you won’t do anything to me, right?
No one could have imagined that this knife was sharper than they had imagined.

"Everyone, your holdings are still above 51%, right? Not less than 49%, right?"

Zhou Xinsheng looked at everyone in silence, and finally asked this question.

After asking this question, these people nodded.

"We are going public, but the core shares are in our hands..."

"Yes, Zhang Yang previously held 60% of my shares. After I took back the shares, I sold 49 to several European and American investors, all of whom were assisting in the listing..."

"Me too, I own a slightly larger portion, I only sold about 30% of the shares!"

"Yes, no more than 51..."

"..."

One after another, people stood up and said these words.

"Everyone, the situation has reached a very critical moment. What is on the table is very clear. I hope we can check the accounts with each other and not use the words "European and American capital" to replace the specific capital..."

After Zhou Xinsheng finished speaking, the conference room fell silent again.

Everyone, look at me, I look at you...

But no one responded.

Zhou Xinsheng took a deep breath again: "It's already this time, do you still want to hide it? Well, if you are embarrassed to say it, there is a piece of paper on the table. Everyone write down the European and American capital behind you on the paper, and I will take a look."

"..."

Half an hour later...

When the names of the capitals on the papers were placed on Zhou Xinsheng.

Zhou Xinsheng was stunned.

Then he closed his eyes.

Looks like a different investment company, but actually...

They are all from Wall Street, the same group of people!

When Zhou Xinsheng closed his eyes and prepared for his next plan, he found that it seemed too late.

Just at this time……

"Mr. Zhou, if we sell the sovereignty of our company to Europe and the United States, can we survive?"

"..."

A voice suddenly broke the silence.

Liu Yang from Yanghe New Energy stood up and asked a question that made everyone gasp. "The meaning is very clear. They want our industry, and we... we want to go public!"

"As long as they can help us go public, actually... the number of shares doesn't matter to us..."

"If we hold on to these shares, we will be liquidated, won't we?"

"..."

....................................

5 month 22 day.

[The U.S. International Trade Commission (ITC) announced that Huaxia's photovoltaic products have caused damage to related industries in the United States, and the case has officially entered the investigation stage of the U.S. Department of Commerce! ]

【…】

As the U.S. Department of Commerce announced another bill and publicly expressed to the world its determination to investigate Chinese photovoltaic companies...

The price of photovoltaic panels exported by China to Europe and the United States has nearly doubled overnight. In addition, all raw materials except polysilicon in the United States, including all previous support for the photovoltaic industry, have been temporarily cancelled, but support for the local photovoltaic industry in the United States still exists...

This time, the public statement...

This has undoubtedly brought the booming Chinese photovoltaic companies in the European and American markets to a low point...

……

When everyone was panicking...

Several investment companies from Wall Street in the United States, including [SADFF], [SUNSA], and [KGS], once again found Chinese photovoltaic companies.

They looked polite and smiling, and they only had one thing to say, which was to buy more than 51% of the shares at a low price and help China's photovoltaic industry go public and make the largest IPO...

……

The financial crisis in 08.

The whole world is paying the bill for America's Wall Street.

In this disaster, countless people collapsed and went to the rooftops, then jumped down in despair.

However, in this disaster, the person at the helm still made a fortune.

……

To them, each and every business is a leek to be harvested.

Before 08, China's photovoltaic companies, which made their fortunes through assembly, had absolutely no ability to resist and were defeated overnight.

Ten years later, China's photovoltaic enterprises returned to the European and American markets with the technological breakthrough of [Shenglan Technology], and frantically conquered the market...

But in the end, in their eyes, they are just a group of fat sheep.

In October...

All Chinese photovoltaic companies should unite and face the outside world in a unified manner.

however……

Under the investigation of the Americans and the temptation of listing of these capitals.

Some photovoltaic companies that were already unsteady in their stance eventually gave in.

Liu Yang of [Yanghe New Energy] finally transferred 2.5% of his shares again for US$20 million.

At this moment, he only has about 25 shares left...

In a sense, except for the factory workers and senior executives who are Chinese, the rest of Yanghe New Energy's financial income has officially become American.

……

This news caused an uproar in the entire photovoltaic industry.

When everyone is angry...

Some photovoltaic enterprise bosses are waiting and watching...

After Yanghe New Energy bowed its head, on June 6, the U.S. Commerce Department’s investigation list no longer included Yanghe New Energy, and the export tax was adjusted to a normal range.

Seeing this scene, Chen Kewei, the boss of Guoli Photovoltaic, finally chose to bow his head and sold the few remaining shares he had, which only accounted for 15% of Guoli Photovoltaic's shares...

……

If you reach a desperate situation.

Everyone will unite and unleash unprecedented strength to resist all external enemies.

but……

Perhaps it was the promise of a listing by European and American capital, or perhaps it was the suppression by European and American officials that made them realize that the road ahead would be difficult, or perhaps they were thinking of defeating their competitors by listing...

Driven by interests, more and more people bow their heads.

In late June...

With the exception of a few, more than 9 percent of these photovoltaic companies that once dominated Europe and the United States have changed their names.

……

On July 2011, 7, the U.S. Department of Commerce announced the preliminary results of the anti-subsidy investigation on Huaxia photovoltaic products, deciding to impose anti-subsidy duties of 15% to 2.90% on solar panels imported from Huaxia, and to levy taxes retroactively for 4.73 days. The anti-subsidy rate for [Suzhou Deshang] is 90%, the rate for [Yingli] is 2.90%, and the anti-subsidy rate for other Huaxia companies is 4.73%...

The few companies that stood up finally received a heavy blow.

This iron fist was enough. Throughout July, the export volume of Huaxia photovoltaic products dropped sharply, and the drop reached 7% overnight...

The two companies that suffered the most were [Suzhou Deshang] and [Yingli], whose market value fell by nearly one-third in July...

……

As for the rest of the photovoltaic companies that have turned to European and American capital, they thought they had the protection of European capital. They have also sold their industries to European and American capital and will continue to fight in the European and American markets. When preparing for listing...

No one would have thought...

What they were waiting for was not the light after surrender, but a new round of strangulation!

A financial storm from Europe...

Quietly arrived...

(End of this chapter)