Chapter 297: Father And Son Shopping Trip (4)
Chapter 297: Father and Son Shopping Trip (4)
I said, you didnt need to tell me any of these Su Han grumbled in a low voice. Regardless, his look became more solemn after what Lu Shao had told him.
The two had already talked into the conference room on the top floor.
Yan Yi was already waiting for them there.
Yan Yi was the current CEO of the Lu Corporation.
Same as Zhou Fu, he had been working under Lu Shao for almost 20 years.
These two, however, were in charge of different areas.
Zhou Fu mainly took care of Lu Shaos personal matters and those within the Lu family; Yan Yi, on the other hand, was responsible for external matters domestically.
Nevermind about the foreign market, even the domestic market alone, the Lu Corporation was only a small portion of the Lus empire.
As the patriarch of the Lu family, Lu Shao rarely showed up at any of his companies. As such, his being there today must be for some important reason.
Sir, said Yan Yi to Lu Shao.
Then, looking at the outstanding young man standing next to Lu Shao, Yan Yi paused a little but was not entirely surprised.
Young master, said Yan Yi as he nodded at Su Han seriously.
It was obvious that he did not just come up with that title.
We are all ready? asked Lu Shao.
Yes, everything is all set up. We can launch the final part of the Song familys acquisition today.
Since the very beginning when Lu Shao gave the order to start putting pressure on the Songs projects to the Lu familys all out disclamation of war toward the Song family just a few days ago, the Song Corporations market value had shrunk drastically and a few of their core projects had came to a halt.
It would not be an overstatement to say that the Song family was on the end of their rope.
Nevertheless, that wasnt enough.
With the final blow dealt by the Lu family, the Song family would only be left with two options after today.
One, declare bankruptcy.
Two, accept the Lus suggestion of being acquired.
Nevertheless, Lu Shao wasnt planning on leaving the option up to Song ZeYu.
Lets do it, said Lu Shao as he sat down on the chair at the very front.
Yes, Sir.
Currently, the Lus holds 34% of the Songs working capital. We can withdraw at any given moment.
The Songs market value had reached 90% of the estimated value. After the divestment, the Songs will be forced to delist.
As for their equity, our controllable portion is
Yan Yi operated on the economic control of the Song family according to planned while reporting to Lu Shao in the conference room.
Suddenly, Yan Yis eyes flickered.
Two more shareholders of the Song Corporation had reached out to us, stating that they are willing to sell their shares.
What is the meaning of all this?
Su Han frowned a little as he listened to Yan Yi, slightly confused.
Noticing the puzzled look on Su Han, Yan Yi explained to him, We area already controlling 40% of the Songs shares. If we are to take over the shares from these two shareholders, our control will be over 50%. That will give us absolute control over the Songs.
Then we will be able to decide whether the Songs will live or die. Is that what you are saying? asked Su Han, after processing what he was told.𝒩eew updates 𝒂t n𝒐vel/bi𝒏(.)com
Exactly, said Yan Yi. He then carried on to say, With absolute control over the Songs, the Lus will be able to decide whether the Songs will go bankrupt or be acquired.
Nevertheless, the Lus will also have to bear a bigger portion of the future and current capital loss from the loss of the Songs market value.
Having said that, Yan Yi looked over at Lu Shao. Apparently waiting for him to make that decision.
Lu Shao, however, did not express his thoughts right away. He looked over at Su Han instead.
What would you do? He asked.
Su Han frowned a little when he heard Lu Shaos question.
Theres no need to acquire more of their stocks, said Su Han after some considerations.
Maximizing economic benefits was one thing that he had learned from the textbooks recently.
As much as he wanted the Songs to be done for, it was unnecessary to increase their initial investment for this reason.
We can totally wait for the market value to go down some more and the portion of assets under our control increases before we impose sanctions on the Songs, said Su Han per his understanding.
Theoretically, there was nothing wrong with what Su Han had said. Nevertheless, from the perspective of real business wars, the possible risks are more worthy of attention than the known losses.
Sir Yan Yi looked at Su Han, then at Lu Shao.
Do as he had said.
Yes, Sir.
Alright, lets go, said Lu Shao abruptly as he stood up from in front of the conference room table.
We are taking off now? asked Su Han after a slight pause, frowning.
Didnt it all just started? He wanted to see how the Songs market value continue to plummet. Besides, he hasnt seen how the Songs would choose between declaring bankruptcy or being acquired!
Looking at Su Hans reluctant look, Lu Shao raised his brows.
Are you done with your homework assignments?
Su Han,
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