Chapter 142 - Premonition
Chapter 142: Premonition
“What do the people from Glory World mean?” Shi Yong sat in the office and asked the secretary standing beside him.
Previously, Glory World’s evaluation team came to Shi Corporation. This made Shi Yong even more convinced that Glory World was indeed preparing to acquire Shi Corporation.
After he respectfully received the people from Glory World, he immediately publicized the inspection. He wanted everyone to know that Glory World had set their eyes on Shi Corporation.
“The Glory World project team has given an evaluation report on our company’s assets, operations, financial, debt, organization structure, and human resources. The preliminary negotiation agreement has been sent over. It only says that our company’s products are not competitive enough in the current market and that the production line is old. I guess they want to lower the negotiation price.”
After the secretary finished speaking, he held back his doubts.
What kind of company was Glory World? In recent years, the company had a slew of developments. It dabbled in investment projects in various fields. Moreover, Glory World seemed like a prophet. The projects and companies it invested in were all guaranteed to make a profit.
Glory World also covered the most popular and profitable industries at the moment. From renewable energy harvesting to semiconductor chip research and development, the owner of Glory World could be said to have accurately grasped the development trends of the industry, and the development projects chosen were all advantageous industries that were likely to advance rapidly in the decades coming up.
How could such a company, which valued development potential and capital strength, fancy a small enterprise that had started in a traditional industry?
Moreover, the Shi Corporation had very serious flaws in its corporate structure and financials. He did not believe that the lawyers, accountants, and appraisers commissioned by the project team could not identify the problems of the Shi Corporation.
However, they… merely picked a few areas that were insignificant to negotiate.
It was as if they were very satisfied with Shi Corporation.
The secretary even suspected that the boss of Glory World was a relative of his boss.
If it wasn’t because of the connections at play, perhaps Shi Ying was just plain lucky.
However, the secretary did not dare to say this to Shi Yong.
Shi Yong was in high spirits. He had practically reached the peak of his life. These days, countless people had come to invite him to dinner and wanted to discuss business with him.
Many people were naturally trying to curry favor with Shi Yong because of Glory World. However, Shi Yong mistakenly believed that those people had suddenly discovered the huge potential of his company. Now, Shi Yong was very confident in his company and himself, to the point that his ego was hugely inflated.
If the secretary were to disagree with him now, he probably wouldn’t have to come to work tomorrow.
Most of the people who came to discuss business with Shi Yong did not have their hopes on Shi Corporation. Instead, they wanted to take advantage of the fact on Glory World’s acquisition to fight for an opportunity to work with them.
“Is the market not competitive enough? Don’t they see how many people want to discuss business with me now?” Shi Yong was a little angry when he heard that people from Glory World actually doubted his company’s products.
Yes, it must be because the company hadn’t signed an order with those people yet, so Glory World’s people didn’t see how big the demand for their products was!
“Sign the contract with Fuhua’s boss immediately. Agree to the price he said before!”
Fuhua was a huge company in M City. Logically speaking, when Fuhua came to talk to Shi Yong, Shi Yong should have been content to agree to the conditions given by the other party. Shi Yong, however, was full of himself at that time, and he felt that his current position was equivalent to the boss of a company owned by Glory World. He actually continued to increase the price that Fuhua had given him.
With an order of 50 million, each product would earn a little more. In total, profit would be several millions!
Because of his greed, Shi Yong and the other party had been locked in a stalemate.
“But Mr. Shi… Our factory can’t produce so much in the short term. We don’t have enough funds to order raw materials…” the secretary said with some difficulty.
“Did you ask the bank for a loan?” Shi Yong yelled impatiently.
He had even mortgaged his house. Could it be that he still couldn’t achieve the cashflow?
The secretary shrank back and didn’t dare to say it out loud.
It seemed that Shi Yong had no idea about his company’s production capacity.
And he was the owner of the company…
“The money isn’t enough…” Shi Yong anxiously paced around the floor-to-ceiling window in the office. “I got it!”
After a long while, upon hearing Shi Yong’s instructions, the secretary said with a troubled expression, “Mr. Shi, I don’t think this is good…”
It was not only bad, it was not the proper way of doing business!
Shi Yong turned his head and glared at him. “What’s bad about it? Our company is short of money, opportunities, and customers right now, understand? Isn’t it just borrowing some money? Once we earn some money, won’t we immediately pay it back?”
After being scolded by Shi Yong, the secretary retreated with a shiver.
He had a bad premonition about everything that was about to happen.