Chapter 57 Bidding for Yida Films' Equity
The six beauties played with Yang Chen until late at night. If Yang Chen hadn’t had to catch a flight tomorrow, they would have wanted to continue playing.

Yang Chen had become somewhat numb from kissing, and for the first time he felt that kissing was a painful thing.

Next time, don’t use this as a bet. Instead, if you lose, you have to take off a piece of clothing.

……

The negative impact of GRM diet pills containing banned ingredients is still spreading.

Huo Bing, the leading actress of Yihua Entertainment Company, used to be the spokesperson for GRM diet pills. Her contract just expired in June this year. As Huo Bing's endorsement fee has more than doubled, the two parties are still negotiating a contract renewal.

Although both Huo Bingbing and Yihua Entertainment issued announcements stating that the cooperation between the two parties would end on June 6, netizens did not accept it because she was indeed the spokesperson.

Yihua Entertainment and Huo Bing’s Weibo accounts were shut down for comments after being scolded by netizens.

The movie "Chrysanthemum and Peach Blossom" starring Huo Bing is about to be released. The audience will definitely be angry at this movie because of the GRM diet pills incident.

The investors of this film expressed their dissatisfaction to Yihua Entertainment and Huo Bing, and warned them that if the box office of the film was not ideal, Yihua Entertainment and Huo Bing would compensate for their losses.

Hua Jun, the president of Yihua Entertainment, was very angry and hated GRM and Yang Chen.

eight pm.

Banquet Hall No. 1, Diaoyutai State Guesthouse, Beijing.

Wang Xiaosen, chairman of Yida Group, was chatting and joking with some familiar guests, while his son Wang Tianming was listening beside him with an unhappy look on his face.

Wang Tianming's hobbies are traveling and beautiful women. He has no interest in doing business and is extremely annoyed by such occasions. He was simply forced by his father to do business.

Yang Chen looked several times, but didn't see anyone he knew, so he and Chen Xi sat quietly waiting for the auction to begin.

More than ten minutes later, Lao Wang walked to the microphone and said loudly: "Dear guests, welcome to this auction banquet. We will start the auction now, and then you can enjoy the wine and food. I am a straightforward person, so I won't say any more nonsense. This time we are bidding for 20% of Yida Film's equity. According to the current market value, the starting price is 55 billion. I only recognize money, not people. The highest bidder wins. Distinguished guests, you can bid now."

The first person to make a bid was Lu Yuting, the boss lady of Dongxiang Fortune. She had already acquired 1.8% of Yida Film’s shares before, and this time she acquired 20%, making her the largest shareholder of Yida Film.

Lu Yuting offered 55.5 billion. Yang Chen used his mind reading ability to see that the highest price she could accept was 58 billion.

Afterwards, Hua Jun, the president of Yihua Entertainment, offered 55.8 billion. Yang Chen used his mind reading skills to figure out that the highest price in his mind was also 58 billion.

Then Shenxian Financial Investment offered 57 billion yuan. The company has already acquired 8% of Yida Film’s shares. If they can acquire the next 20% stake, their position as the major shareholder will be secured.

Yang Chen used mind reading to find out that the highest price that Shen County Financial Investment could accept was 60 billion, a full 5 million premium.

……

After some bidding, the auction price has reached 59.5 billion.

The other bidders have already called out their prices, and some have even called out their prices for several rounds. Yang Chen has already figured out the highest price that all of them can accept.

Wang Xiaosen smiled and said, "Xin County Financial Investment offered 59.5 billion. Is there a higher price?"

None of the other bidders made any further bids as this price was beyond their acceptable range.

Yang Chen whispered into Chen Xi's ear: "The asking price is 60.1 billion."

Chen Xi nodded, stood up and said loudly: "Sihai Entertainment bid 60.1 billion!"

"Wow……"

The whole audience exclaimed and everyone looked over.

"Sihai Entertainment? Didn't Sihai Group go bankrupt? They have a debt of 3 trillion yuan, and they still have money to bid for Yida Film's shares?"

"Do they have 60 billion? What a ridiculous price!"

"You're not here to cause trouble, are you?"

...The financial representatives of Xin County were very confused. The price of 60.1 billion was too accurate. Could it be that an insider leaked their secrets?

Wang Xiaosen immediately smiled and asked, "Madam, are you sure that Sihai Entertainment is offering 60.1 billion?"

Chen Xi nodded and replied confidently: "I'm sure! 60.1 billion!"

Wang Xiaosen smiled and said, "Okay! Sihai Entertainment bid 60.1 billion. Is there anything higher than this? No more? 60.1 billion once! 60.1 billion twice! 60.1 billion three times! Deal! Congratulations to Sihai Entertainment for winning 20% ​​of Yida Films' equity. This auction is over. Now you can eat and drink as much as you want. Make sure you have a great time."

Wang Xiaosen glanced at his son, and the father and son came in front of Yang Chen.

"This should be Mr. Yang Chen, the new chairman of Sihai Group, right?" Wang Xiaosen said with a smile.

Yang Chen nodded and said, “Hello, Director Wang, I’m Yang Chen.”

"Mr. Yang is really a promising young man. How is he going to pay the 60.1 billion? I am short of money and must get the money immediately." Wang Xiaosen said.

"I'll ask someone to come over tomorrow to sign the contract, and I'll transfer the payment once the contract is signed." Yang Chen replied.

At this time, Hua Jun, the president of Yihua Entertainment, came over. He already hated Yang Chen in his heart, and now Yang Chen had snatched away Yida Film’s shares at a high price. He hated Yang Chen even more.

"Mr. Yang, your company Sihai Entertainment owes tens of billions of dollars. Where are you going to get 60 billion for Mr. Wang? Can you please stop making trouble?" Hua Jun said with a look of disdain.

Yang Chen used mind reading to read Hua Jun's inner thoughts.

"Damn it, the GRM diet pills caused Huo Bing's reputation to be damaged, and now he's trying to snatch the shares of Yida Film from me. You deserve to die!" Hua Jun thought to himself.

Yang Chen smiled slightly, and thought to himself, "So you bear a grudge against me, no wonder you came over here with such a weird attitude."

Yang Chen smiled and replied: "If I dare to bid, I will definitely be able to pay it off. There is no need for President Hua to worry about this. If President Hua is concerned about whether I can afford the money, he might as well think about how to save Huo Bing's reputation."

Hua Jun gnashed his teeth in hatred and said, "How dare you say that? If it weren't for you guys messing around, would Huo Bing be implicated?"

“Boss Hua, it’s not right to say that. How can you blame me for not understanding the situation when you endorse the product?” Yang Chen retorted.

Wang Xiaosen saw that the atmosphere was not right, so he quickly raised his glass and said, "Two CEOs, stop talking, give me some face, drink, drink."

Yang Chen and Hua Jun looked at each other, then raised their glasses to clink glasses with Wang Xiaosen and drank.

Yang Chen put down his wine glass, smiled and said, "Let's go first. Tomorrow I will send Guo Yi, the president of Sihai Entertainment, to lead the team to Yida Film Headquarters to sign the contract."

"Okay, let's get ready. Take care, Mr. Yang." Wang Xiaosen said with a smile.

Yang Chen took Chen Xi away, and Hua Jun also found an excuse to leave.

Yang Chen and Chen Xi each returned to their own rooms.

Yang Chen called Guo Yi and ordered him to bring his team over early tomorrow morning to sign a contract with Yida Films.

After hanging up the phone, Yang Chen called Li Jun again.

"President Li, I still need a loan of 20.1 billion from your ICBC. Is that ok?" Yang Chen said.

"How about this, I'll call President Zhao and you go to the head office tomorrow to meet with him. Is that okay with you?" Li Jun replied.

"Alright! Then tell me the time you set." Yang Chen said.

After hanging up the phone, Yang Chen went to take a shower.

When he finished his shower and came out wrapped in a bath towel, someone knocked on the door.

Yang Chen thought it was Chen Xi, so he opened the door, but the person standing at the door turned out to be Huang Min, who had just terminated her contract with Jiayue Entertainment.

Huang Min didn't say anything and hugged Yang Chen directly.

(End of this chapter)

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