Reborn in 2014: A One-Man Tycoon
Chapter 138 I'm not selling.
"I am willing to buy back your shares at 10% below market price. Those who are willing, go back and prepare the contract yourselves."
When Meng Chuan said this, the shareholders fell silent for a moment.
The next second, it exploded like a volcanic eruption.
"Shameless! This is blatant robbery!"
One of the overweight shareholders turned bright red with anger, jumping up and down in frustration.
"This is a hostile takeover, it's outrageous!"
“Brilliant Supply Chain is willing to acquire our shares at a price more than 30% higher than the market price, and you actually want to offer 10% less than the market price? How dare you? Do you think we're fools?”
The conference room instantly filled with a strong sense of tension.
One will be acquired at a 30% price increase.
They will acquire it at a 10% discount.
Inside and outside, his wealth has shrunk by more than 40 percent.
This caused all the shareholders to feel heartbroken.
Some of the more extreme shareholders, their faces full of doubt, loudly questioned Meng Chuan:
"Are you planning to buy our shares at a low price and then sell them to Brilliant Supply Chain at a higher price, making a quick buck in the process?"
"You're plotting against us!"
"This kid is definitely up to no good."
"We will not sell. We will absolutely not sell."
Upon hearing this, the other shareholders nodded in agreement, filled with righteous indignation.
If Meng Chuan acquires the goods at a low price and then sells them to Brilliant Supply Chain at a high price.
With just one transaction, Meng Chuan made a fortune.
This is sucking their blood.
Meng Chuan suddenly slammed his hand on the table again without warning.
The meeting room fell silent instantly.
Meng Chuan coldly surveyed the crowd, his eyes exuding a chilling majesty:
"If you think I'm making a hostile takeover attempt, then you'd better hold onto your shares and don't sell them to me."
As he spoke, Meng Chuan stood up, his posture upright, his aura even more powerful:
"I can tell you definitively that this is the price I'm offering today."
"If we delay for even one more day, the price will drop by five percent."
"Of course, you can also choose not to sell and keep the equity in your hands, and we can face the competition from the brilliant supply chain together. Then we will be comrades-in-arms."
These words put the shareholders in a corner.
They wanted to sell their shares in exchange for a considerable sum of money.
She was unwilling to let Meng Chuan lower the price, feeling that she had suffered a great loss.
If they don't sell, they fear that Hongda International will go bankrupt in the future due to competition from Huihuang Supply Chain.
They won't get a single penny; they'll lose everything.
For a moment, their faces were full of confusion, yet they couldn't make up their minds.
"I'll sell it."
However, the white-haired old shareholder who initially criticized Meng Chuan made the decision first.
"Hehe, it has to be you, old ginger is spicier."
Meng Chuan looked at the old man with a forced smile, a hint of mockery flashing in his eyes.
He was the one who had previously voiced the strongest opposition, but now he is also the first to agree to sell his shares to Meng Chuan.
This dramatic turn of events is both laughable and ironic.
"Hmph! I see you're young and inexperienced, unreliable. Hongda International will be finished sooner or later if you take it over."
The white-haired old shareholder snorted angrily, his neck stiff and his face showing a hint of resentment.
"That's my business, no need for you to worry about it. Go and prepare the contract!"
Meng Chuan was too lazy to argue with him, waved his hand, and looked impatient.
"I've brought the contract; we just need to change the price. The question is, do you have that much money?"
As the old man spoke, he took the contract directly out of his briefcase.
After all, Meng Chuan was too young, and he really doubted whether Meng Chuan could come up with that much money.
"Hehe, so you were prepared all along. You don't need to worry about the money."
Meng Chuan felt even more contemptuous.
These old fogies are less here for a shareholders' meeting and more here to force the issue.
Well then, those who can't share joys and sorrows, advances and retreats together, are better off leaving sooner rather than later.
With numerous shareholders present, both parties immediately signed the contract.
With a market capitalization of 15 billion, Meng Chuan would need to pay 750 million for 5% of the shares.
If the amount is reduced by another 10%, Meng Chuan will only need to pay 6.75 million.
Meng Chuan really didn't care about this amount of money.
Meng Chuan pulled out a checkbook, and with a flourish of his pen, filled in the amount.
Then, with a flourish, it was torn off and tossed to the old man like a piece of waste paper.
In 2014, making large transfers was quite troublesome.
As for how much the handling fee would be if he took the check to the bank to cash it, that was none of Meng Chuan's business.
"You...you're serious?"
The old man's hands trembled slightly as he held the check for over 600 million.
His eyes were full of suspicion.
"If you don't trust me, you can go and verify it. If that doesn't work, take your shares back. I allow you to back out. Next."
Meng Chuan sneered.
The old man actually ran to the side and called the bank to verify it.
Seeing the joyful expression on the old man's face, the other shareholders were finally relieved.
"I...I sold mine too."
Several shareholders began vying for the opportunity.
The smaller the shareholder, the more nervous they are.
Because these are their savings for their funeral.
If we actually lose money, then it would be a huge loss.
Soon, 49% of the shares fell into Meng Chuan's hands.
There was a third-largest shareholder who held 10% of the shares, and he was hesitant at first.
However, Meng Chuan kept saying that after today, the price would decrease by five percent for every additional day.
Judging from Meng Chuan's behavior, he is exactly the kind of spoiled brat who knows nothing.
Just as the white-haired old man had said before, such young people are too impulsive.
Hongda International is doomed to fail sooner or later if it falls into his hands.
However, with Meng Chuan and General Manager Ye insisting on not selling, he couldn't sell it to Brilliant Supply Chain even if he wanted to.
Because what Feng Chenchen wanted was to acquire the entire Hongda International, not just a portion of its equity.
Therefore, in the end, he had no choice but to sell it to Meng Chuan.
At this point, Meng Chuan held 69% of the shares.
He became the undisputed largest shareholder of Hongda International.
Before Meng Chuan could even feel happy, Feng Chenchen spoke up again:
“Very good, Meng Chuan, you have a good business sense. Since you've acquired so many shares, I'll offer 220 billion to acquire Hongda International from you. I have Today Capital backing me, so money is no object!”
Feng Chenchen's lips curled up, revealing a confident smile.
In Feng Chenchen's view, Meng Chuan would definitely be moved by this high price.
After all, Hongda International's current market value is only 150 billion.
With just one move, Meng Chuan could gain 151.8 billion yuan based on his shareholding.
Meng Chuan only spent over 70 billion yuan to buy shares from other shareholders.
From any perspective, Meng Chuan had no reason to refuse.
After all, given the profits of Grand International, how many years would it take Meng Chuan to earn that much money?
Anyone who isn't an idiot knows which option to choose.
Those shareholders who had previously sold their shares to Meng Chuan, after listening to Feng Chenchen's words...
They all gasped in shock, their faces filled with regret.
They looked at each other, their eyes filled with resentment and regret.
If I had persisted a little longer, I might have been able to sell it for a better price.
Even President Ye's expression changed repeatedly.
Can Meng Chuan hold out at this price?
In an instant, everyone's eyes were focused on Meng Chuan.
Waiting for Meng Chuan's reply.
Meng Chuan remained outwardly calm, but a hint of amusement flickered in his eyes.
However, the next moment, Meng Chuan stared at Feng Chenchen and said calmly:
"I'm not selling."
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