On the third day, Fu Junshan announced at the company's shareholders' meeting that he was leaving the Fu Jewelry Company. The position of General Manager of Fu Jewelry Company would be taken over by his eldest daughter, Miss Fu Chaoying.
Fu Chaoying had worked at the company for many years, and her ability was evident to all. Her succession to her father's position as General Manager was only logical.
Besides, the shares of Fu Jewelry Company were entirely controlled by Li Mei and the four Fu siblings, so the minority shareholders, even if they wanted to object, had to comply with the majority, rendering their resistance ineffective.
When the news broke, the stock price of Fu Jewelry Company indeed plummeted across the board.
However, the outcome was much better than Li Mei and Fu Chaofan had expected. Stock price fluctuations were common, and they could work to drive the prices up again in the future.
