Chapter 113 Acquiring Xu's Watch Factory at an Extremely Low Price
Chapter 113 Acquiring Xu's Watch Factory at an Extremely Low Price
The next morning.
Shen Wancheng called Xu Pingtao's personal assistant and asked him to arrange a car to pick up Ye Ningshuang.
Now, Shen Wancheng directly instructs Xu Pingtao's assistant to do these small things, which is permitted by Xu Pingtao and also reflects Xu Pingtao's trust in Shen Wancheng.
After having breakfast, Shen Wancheng and Shen Yao planned to go to the Lan family early.
Before they left, Shen Wancheng received a call from Li Su.
As soon as the call connected, Li Su said excitedly.
“Ms. Shen, Mingding Watch Factory’s lowest offer is HK$1500 million, and they said they won’t negotiate any lower. I think this price is acceptable. What do you think?”
Shen Wancheng was somewhat surprised.
It wasn't that she didn't expect Li Suzhen to be able to negotiate down to HK$1500 million, but rather that she didn't expect it to be done so quickly.
"I think it's acceptable. How are the negotiations going? What prices are other factories offering?"
“I joined forces with five companies, and we privately negotiated a price of HK$5 million to acquire three listed watch factories and two unlisted watch factories under the Xu family’s name.”
“I personally spoke with the people at the headquarters of the Xu Group because I said I wanted to take over five watch factories. Xu Youwei met with me in person.”
Li Su couldn't help but chuckle as he said this.
"However, when he heard my offer, he got furious and told me to get lost. He was rude, so I told him that no one but me could get rid of this rotten piece of flesh on you once and for all, and then I left."
Even if Li Su didn't elaborate, Shen Wancheng could imagine how angry Xu Youwei was.
The entire group's stock price has already plummeted, and then someone comes along who demands an exorbitant price and ruthlessly haggles down to just a fraction of the original amount.
Under normal circumstances, the market value of the five watch factories owned by the Xu Group would definitely be HK$11 billion.
But times have changed. No matter how difficult it is for Xu Youwei to accept, he has to quickly sell the watch factory in order to stabilize the Xu family's stock price.
Shen Wancheng asked Li Su, "So Xu Youwei thought about it all night before taking the initiative to contact you?"
"Yes, Xu Youwei is in a great hurry to sell these five factories. Selling all five at once is a lifesaver for him."
"Yesterday, after leaving the Xu Group, I went to the newspaper to report on the recent situation of these five watch factories. For example, unpaid wages and worker riots."
Shen Wancheng asked, "It's only been a few days, and there are already workers causing trouble?"
“Well… a few days ago, the Xu family just launched the watch factories, and I arranged for people in these watch factories to contact some old workers to complain about the difficulties of working in the watch factories and their disillusionment with the Xu family.”
"So these older workers organized their own protest yesterday."
Shen Wancheng genuinely felt that Li Su was truly intelligent, understanding everything at a glance.
If Shen Wancheng were to do everything personally, given what Li Su has been doing lately, she would be overwhelmed before the company even gets off the ground.
Moreover, Shen Wancheng is currently pregnant and has limited energy.
However, this was Li Su's first time doing these things.
Shen Wancheng reminded him.
"Did you hire bodyguards when I told you to? You not only need to be careful about your own safety, but you also need to keep an eye on the workers and make sure there are no casualties."
"Don't worry, Ms. Shen, I understand. I've hired a team of plainclothes people from the security company to keep an eye on these workers. I'm sure nothing will happen to them."
"After all, if the workers have an accident, they are the most innocent and pitiful, not to mention that it will bring a lot of trouble to us after we take over the factory."
Shen Wancheng was even more pleased that Li Su had already thought of this.
Shen Wancheng continued to ask.
"So Xu Youwei contacted you and offered you a rock-bottom price?"
"Yes, he quoted 1.5 million, saying that if I lowered the price further, he wouldn't sell it to me even if it was sold to someone else at a lower price. So I agreed."
"Hmm, this price is reasonable. How did you split it with the other four companies?"
“Those two large factories are worth 500 million each, and the company that wants to acquire them is offering 120 million. We'll offer 15 million. The other two unlisted factories will also be worth 15 million.”
"This allocation is reasonable, so let's settle on this: 15 million. You and Xu Youwei should complete the acquisition formalities as soon as possible and set a date for signing the final contract."
"Okay, I'll discuss it with the other companies again and try to get it done this week."
"Okay, one last thing to emphasize: please be mindful of your personal safety."
Cutting off someone's money is tantamount to killing their parents.
Anyone else would have wanted to tear Li Su to pieces for what he did this time.
Shen Wancheng had to repeatedly emphasize to Li Su that he should be careful.
Such a capable assistant is not someone you can just find anywhere on the street.
Then again.
Shen Wancheng is now eagerly anticipating the day the final contract is signed, and the expression on Xu Youwei's face when he sees her as the final acquirer.
While Xu Zi was certainly annoying at the last family reunion banquet, it was Xu Youwei, who seemed to be pleading for Xu Zi and mediating the situation, who disgusted Shen Wancheng the most.
Xu Youwei's words implied that he didn't take Shen Wancheng seriously, not only because Shen Wancheng was just Xu Pingtao's newly recognized granddaughter, but also because Shen Wancheng was just a woman.
Shen Wancheng is most sensitive to, and also most disgusted by, men who see through women to the core.
That's why Shen Wancheng chose to target the Xu family, making them a "shortcut" for her business.
Acquiring this watch factory is just the first step.
In the future, Shen Wancheng's Dongfang Yasong and Xu's Group will inevitably compete with each other in the same industry of production and sales.
However... Shen Wancheng's most important task right now should be to prepare 15 million Hong Kong dollars.
She only had ten million in savings.
Xu Pingtao waited to see what she would do with the money; Shen Wancheng would definitely not ask Xu Pingtao for money again.
As for Gu Jinxing...
If Shen Wancheng asks, Gu Jinxing will definitely give it to her.
But Shen Wancheng didn't want to be the kind of person who had to ask for money.
Therefore, after much deliberation, Shen Wancheng decided to sell the shares of Wharf Holdings she had purchased.
Shen Wancheng has been busy lately and hasn't been paying attention to the stock's performance, but she can easily guess that it's making money.
If Shen Wancheng sells it now, she will earn a lot less money.
But there's nothing I can do; my own company is the most important thing.
Shen Wancheng hung up the phone and went out with Shen Yao and Ke La.
They didn't go directly to the Lan family's house, but went to the securities exchange center first.
Shen Wancheng was genuinely shocked when she saw the stock price of Wharf Holdings.
In just half a month, the stock price nearly doubled.
Shen Wancheng initially bought 4000 shares with HK$80,000. When Shen Wancheng added another HK$5 million, the price of each share rose to HK$25.
The recent drop in Xu's Group's stock price may have drawn more attention to this stock, which has been rising sharply.
So the current share price of this stock is HK$48.
In other words, the Wharf Holdings shares that Shen Wancheng purchased for HK$5.08 million are now worth HK$979.2 million.
----
Chinese New Year is so tiring, I spent the whole day visiting relatives.
I will update later.
jdhmnovel