Chapter 365 - Buy Them All!
365 Buy Them All!
Wanrong Automobile Group's shareholders were in an uproar. Even Chairman Xu and Chairman Ouyang sold their shares. Under such circumstances, it was natural for them to panic.
"Director Li, do you think your three percent of shares are still worth 100 million?" Chairman Xu laughed while shaking his head. He then added, "The 30 percent shares from me and Chairman Ouyang was given to them for free."
"Given for free? You're lying!" Someone slammed the table, stood up and sneered, "Chairman Xu, I'll put it bluntly. I have four percent shares and I'm selling it for 80 million! Are you taking it or not?"
"I would like to, but my assets are all tied with the company. In our current condition, where would I find the money for you?" Chairman Xu laughed bitterly.
"Chairman Xu, you're backstabbing us! After all that we've been through with you, you're now throwing us under the bus!"
Tap tap tap!
Right then, Ouyang Qing walked up the stage in her heels. Sweeping her gaze over the crowd, she said, "Everyone here are Wanrong Automobile Group's founders. You're clear about how much money you've invested in us in the beginning. After all these years, just the yearly dividend had earned you guys plenty. Now that the company is in dire straits, you shouldn't make it difficult for Chairman Xu."
"Director Ouyang, if not for you, we wouldn't be in this situation. You must come up with a solution for us!" shouted one of them.
Ouyang Qing took out a contract and spoke calmly, "Apart from acquiring 30 percent of our shares, Y Cosmetics plans to purchase our company's shares! You guys have a look."
Her words immediately quietened the scene. They exchanged glances, then suspiciously took up the contract from the table and read through it.
"1.5 million for one percent of shares? Since when did Wanrong Group's shares become this cheap?" one of the shareholders scoffed disapprovingly.
"That's right. It should be at least 2 million!"
Ouyang Qing remained unfazed by the crowd's reaction and announced, "If you're unwilling to sell, so be it. I'm only suggesting for Y Cosmetics to purchase your shares in order to compensate you guys. This cosmetic company doesn't understand the automotive industry. They're dumb and rich, only agreeing to purchase because they think they found a good deal. Just wait until they realize the situation our company is in, purchasing our shares or not would be a different story then."
With that, she took the contract back from their hands.
However, some of them held tightly onto the contract in their hands. "Wait!"
"How much is Y Cosmetics planning to purchase at 1.5 million per share?" asked one of them.
"However much you're willing to sell, they'll buy them all! Should I have this company run an audit first before naming a price?" Ouyang Qing said with a smile.
"No need! No need for that!" someone said urgently. "1.5 million per share. I'm selling!"
The other shareholders kept their silence. With the current trend, those in the industry would know that Wanrong Automobile Group's prospects were not looking good. It was already lucky for them to have someone purchasing their shares at that price!
If Y Cosmetics sent someone over for an audit, they might outrightly reject purchasing them!
'This cosmetic company is indeed stupidly rich and knows nothing! We'll lose this chance if we don't sell it now!'
"I'm selling too! When will the money be transferred?"
"Once you've signed the contract, the money will be transferred the next day. I'll handle the rest of the transaction procedure!" Ouyang Qing stated.
"Hahaha, sure thing! Director Ouyang is indeed capable, managing to sell the shares of the company in times like this. I'm impressed!" The shareholders had a smile on their faces. One by one, they signed their names on the contracts. "Director Ouyang, please settle the transaction as soon as possible. We don't want this cosmetic company to regret their decision!"
"Rest assured!" Ouyang Qing immediately nodded in acknowledgment and walked out of the room.
Chairman Xu and Chairman Ouyang exchanged glances, then let out a long sigh. They knew that from that day on, the entire Wanrong Automobile Group would undergo a change in leadership!
On the other end, Ye Lingchen picked up the phone.
"C-c-chairman Ye. Things are settled on the company's end. The shareholders are willing to sell off all 49 percent of their shares!" Ouyang Qing's voice could be heard on the other side of the phone. She sounded uncomfortable.
Whenever she thought of Ye Lingchen, it would remind her of her current situation which made her extremely uncomfortable. That was definitely the most humiliating moment in her life.
"Excellent!" Ye Lingchen nodded with a smile. "It totals to 735 million. I'll have Y Cosmetics transfer the money to Wanrong Automobile Group's account. You settle the rest as soon as you can."
Ouyang Qing's heart skipped a beat. Although she had expected that, it still gave her a scare when Ye Lingchen nonchalantly talked about such a huge sum. Despite that, she still managed to nod in agreement. "Got it!"
Very soon, Zhang Yunxi called him once again. There was a slight trembling in her voice. "Lingchen, h-h-h-how did 700 over million suddenly appear in our company's account?"
"I transferred it over. You can transfer them to Wanrong Automobile's account," Ye Lingchen replied calmly. "No need to worry. That money was all obtained legally. Relax."
"But...this… Are you really trying to completely buy out Wanrong Automobile Group? They're currently in a bad spot." Zhang Yun's voice was filled with worry. "Why don't you reconsider? That's over 700 million!"
Zhang Yunxi was almost scared to the point of tearing. At first, she thought she had seen the world. After all, Y Cosmetics was a major success and it was no big deal for the company's account to have a few million. However, she just realized that she had underestimated Ye Lingchen's terrifying capabilities!
'Just where the f*ck did he get all that money?!'
Moreover, she too had heard rumors of Wanrong Automobile Group's predicament. With that amount, even a fixed deposit's interest would allow one to be set for life. Why did he bother acquiring such a company? It was most likely a scam.
"Don't worry about it. Just do what I've told you to. Aren't you confident in the way I handle things?" Ye Lingchen answered firmly.
Zhang Yunxi felt helpless. She could only grit her teeth and transfer that money away with tears.
Ye Lingchen let out a long breath. He looked at the remaining sum on his card and shook his head with a bitter smile. In just an instant, he used up a big portion of his hard-earned money.
Initially, he was wondering where to spend them. Now, over 700 million was spent just like that.
150 million was all he had left from the money he had in his account, Y Cosmetic's profits and the money he earned from live streaming.
As of then, Y Cosmetics and the livestream were self-sufficient. However, the newly acquired Wanrong Technology was stuck in the middle of a stormy period. Moreover, future development and production required a large amount of money as well. 150 million was barely sufficient.
Nevertheless, he was confident in his technological knowledge. Once things were on the right track, the profits would be crazy!
It would seem that he needed to do some planning for the development of this newly acquired company...