Chapter 245 - Completely Kick Sun Yuan and Gong Yongfu Out of the Game
Chapter 245 of "Invincible Young Master in the City" kicks off with thrilling moments: It was just past three in the afternoon in the office of the chairman and... Read more!
It was just past three in the afternoon in the office of the chairman and CEO of Emali Groupâs skyscraper when Sun Yuan, stooping slightly, stood in front of the desk, facing Li Zhaojun, who sat aloft on a luxurious office chair.
Li Zhaojunâs stunningly beautiful face maintained its usual cool indifference, her haughty gaze seemingly passing over Sun Yuanâs head, never actually resting on his face.
Yet, Sun Yuan dared not show any dissatisfaction.
ââŚThree hundred million, just three hundred million, and Iâll transfer all my shares to you immediately,â Sun Yuan said in a pleading tone.
Today was Thursday.
Since Monday, Emali Groupâs stocks had been plummeting.
Especially today, being Black Thursday, Emaliâs stocks had already hit rock bottom.
Up until now, Emaliâs stocks had plummeted by 27.6% from their peak.
Following the trend, the stocks were sure to crash again on Friday.
Originally, he and Gong Yongfu had agreed to stick together, but he finally couldnât sit still any longer, secretly approaching Li Zhaojun alone, and slashing the asking price for his stocks in half.
Li Zhaojun said indifferently, âLi Yuan, it seems you still think Iâm a fool.
You should go back; I donât want to deal with someone who thinks others are fools.â
After a pause, she added, âGong Yongfu is more reliable.â
âHas Gong Yongfu approached you?â Sun Yuan asked, his face turning uglier.
Li Zhaojun countered sarcastically, âIf you can come to me alone, why couldnât he?â
âI have limited funds on hand; I canât possibly buy both your shares at once,â Li Zhaojun said calmly, âI have already decided to take Gong Yongfuâs shares.â
âNo no no, Director Li, hear me out,â Sun Yuan hurriedly exclaimed, âJust now I was just quoting a price, how do you know what I might accept if you havenât countered yet?â
Given the current situation, he saw no future for Emali Group.
He did not believe Emali Group could truly win back the âJi Lung Purification Tabletâ patent from Tongyi Group.
He no longer wanted to fight against Li Zhaojun; he just wanted to get out quickly.
Since he and Gong Yongfu had approached Li Zhaojun together on Monday to propose selling their shares and been rejected, he had been tirelessly trying to find someone else to take over, but with Emali Groupâs development strategy being targeted by Tongyi Group, causing the stocks to crash, no one dared to take over.
Even those who were not afraid to take the risk offered very low prices.
Having aligned with Gong Yongfu against Li Zhaojun for years, he knew her well enough to realize that the only person daring to take his shares now was probably Li Zhaojun.
What was wrong with bowing and scraping a bit for a transfer contract worth two or three hundred million?
âIâm not in the mood to haggle with you,â Li Zhaojun thought to herself with an inward sneer.
âIâll give you one more chance, and itâs the last one.
Make an offer.â
At her words, Sun Yuan became incredibly distressed.
Without the ability to bargain, he couldnât gauge Li Zhaojunâs tolerance limit; offering too much would blow up the deal, offering too little would leave him at a loss.
Li Zhaojun, coldly watching Sun Yuanâs pained, conflicted expression for several seconds, and seeing that he still couldnât make an offer, simply started dealing with documents on her own.
In fact, her pressure was also immense.
If Emali Group couldnât retrieve the âJi Lung Purification Tabletâ patent, even if they eventually opted to collaborate with Tongyi Group, Emaliâs stocks would still plummet, possibly even lower.
Moreover, two months later, she and Ye Fan would be divorced.
Without achieving the expected investment returns, HC Investment Fundâs withdrawal was almost inevitable.
At that point, Emali Groupâs collapse was almost certain.
Emali Group was collapsing, and as its biggest shareholder, she was involved, potentially facing debts of over a billion.
However, crisis was an opportunity.
How could she be content without taking this chance to buy out Gong Yongfuâs and Sun Yuanâs shares and completely kick them out of the Emali Group?
As the saying goes, when beset by many lice, one stops worrying about the bites; she was already prepared to carry debts of over a billion, so she didnât mind shouldering a few billion more.
This was a monumental gamble.
If she couldnât get back the âJi Lung Purification Tablets,â she would probably end up committing suicide by jumping off a building.
After seven or eight minutes had passed, Sun Yuan finally gritted his teeth and made a decision, âTwo hundred million!
But I require you to pay me one hundred million in cash within three days, and the remainder to be paid in instalments over the next three months!â
âNo problem paying you one hundred million in cash within three days after signing the contract,â Li Zhaojun responded with a cold tone.
âHowever, I canât finish paying the balance within three months.
It has to be six months.
If you agree, then letâs sign the contract.â
Sun Yuan thought it over, knowing that Li Zhaojun came from the very powerful Li family and was the most beautiful woman in Hua Hai city.
She also had strong connections, so he wasnât very worried about her defaulting on that hundred million.
âAlright,â he agreed.
So, Li Zhaojun took out a share transfer agreement contract from her office desk drawer, already prepared.
After filling out the clauses, she signed, stamped her seal, and pressed her red-inked thumbprint, then gave it to Sun Yuan to sign.
Sun Yuan sighed deeply, quite unwillingly signing the contract, deeply regretting his earlier decision to join forces with Gong Yongfu to fight against Li Zhaojun and attempting to drive her out of Emali Group.
Now, he had no choice but to cut his losses, which amounted to more than two or three hundred million.
The contract was signed in duplicate.
Li Zhaojun took one copy, carefully checked Sun Yuanâs signature and red thumbprint, and said indifferently, âI will transfer one hundred million to you within three days.
Iâm quite busy right now, so I wonât see you out.â
Sun Yuan nodded bitterly and turned to leave Li Zhaojunâs office.
A few minutes later, Li Zhaojun picked up the landline on her desk and dialed a mobile number.
The call went through instantly.
âHa-ha, Director Li, do you have time now?â Gong Yongfuâs obsequious voice came through the phone.
Li Zhaojun said coldly, âCome over.â
Then, she hung up the phone.
It turned out that Gong Yongfu had indeed contacted Li Zhaojun before Sun Yuan, but Li Zhaojun had anticipated that Sun Yuan would also try to reach her around the same time.
To prevent the two from meeting, Li Zhaojun claimed she had an extremely urgent matter to handle and asked Gong Yongfu to return and wait for her call before discussing the transfer of shares.
This also added more pressure on Gong Yongfu.
Smoothly, Li Zhaojun acquired all of Gong Yongfuâs shares for two hundred eighty million.
Similarly, she had to pay Gong Yongfu one hundred fifty million within three days.
During the previous period, she had liquidated four hundred million in tradable shares of Emali Group.
After repaying Zhao Tianya and paying Sun Yuan and Gong Yongfu, she still had one hundred million left.
She decided not to invest the remaining hundred million into saving the market, but to use it to fight a lawsuit with the Biomedical Research Institute at Hua Hai University and to try and buy another biomedical patent to replace the âJi Lung Purification Tabletsâ patent.