Car-hailing Driver: Rewards from Complaints-Chapter 223 - 153: After Three Years, I Can Finally Show Off in Front of Yang Chen

Chapter 223: Chapter 153: After Three Years, I Can Finally Show Off in Front of Yang Chen

After a while, Zhang Xiang called Yang Chen to report on the negotiation situation with Cheng Dalong.

Cheng Dalong is willing to transfer the remaining business of Longmei International Hospital to Chenjun Medical Equipment Co., Ltd., and will compensate Longmei International Hospital with a total of 150 million in compensation, in exchange for the Hai City Longmei International Hospital Group not pursuing his actions of obtaining orders through bribery and deliberately selling defective equipment, collaborating with foreign technicians to defraud Longmei Hospital’s repair fees, among other actions.

Zhang Xiang investigated the assets under Cheng Dalong’s name, including deposits, real estate, and financial products, totaling approximately 120 million, meaning if he sells everything, he would still owe the Longmei Hospital Group about 30 million.

This was within Yang Chen’s expectations. Cheng Dalong would certainly choose this, as it’s equivalent to spending money to avert disaster.

If he refuses to settle privately, once it goes to court, he would not only face imprisonment but also have to bear the contract breach fees, which would not be worthwhile.

After all, Longmei International Hospital is a product of the cooperation between the Dragon Country and the United States, and it would certainly prevail over Cheng Dalong in court.

Moreover, if a lawsuit is filed, Longmei International Hospital could apply to freeze all assets under Cheng Dalong’s name, slowly dragging him down.

Whatever step Cheng Dalong would take, Yang Chen had already calculated it for him.

However, Cheng Dalong made one request, which was that Yang Chen must be present when signing the business transfer agreement.

This made Yang Chen suspicious; why exactly did Cheng Dalong specifically want him to be there?

Yang Chen immediately said to Zhang Xiang, "Tell him I don’t have time. He and Cheng Junjun can sign; my presence is not necessary. You must make him understand that he is in no position to make requests, only to comply with our demands!"

Zhang Xiang immediately replied, "Understood! This is just his request; I haven’t agreed. Since Mr. Yang doesn’t want to meet him, I’ll directly refuse him."

In Cheng Dalong’s mind, there was only one thought: to kill Yang Chen.

He felt that everything was Yang Chen’s doing, and without Yang Chen, Cheng Junjun couldn’t have been so ruthless, and he wouldn’t have ended up in a situation of "a broken family and separated flesh and blood."

Every year, Cheng Dalong buys a lot of insurance, with his parents as the beneficiaries.

If both he and Yang Chen were to die in a traffic accident, the insurance company would pay a huge sum to his parents.

With this money, Zhang Hailing would no longer insist on an abortion or divorce and would surely give birth to the son obediently.

Unfortunately, since Yang Chen refuses to see him, his plan would have to be postponed for another opportunity.

From the fact that he set his parents as the insurance beneficiaries, it can be seen that he doesn’t care about his daughter. He believes his parents wouldn’t harm him and wouldn’t spend the compensation elsewhere, but if it were for his daughter, it would be different; her future husband could also spend that money, which he wouldn’t allow.

Cheng Junjun was right; the grandparents were just puppets used publicly to cause trouble, with the real culprit being Cheng Dalong.

At three o’clock in the afternoon, the stock market closed.

The shareholders’ meeting of Longlian Supermarket Group commenced soon after.

As the major shareholder, Yang Chen proposed a motion to increase capital to acquire "Hi-Buy No.1 Store + Binhai Import and Export Trading Company." After the acquisition, Longlian Supermarket would seek a different path in the business of overseas purchases to attempt a comeback. 𝑓𝑟𝑒𝘦𝓌𝑒𝑏𝑛𝑜𝘷𝑒𝘭.𝒸𝘰𝑚

In the future, they could even try to open stores in big cities abroad, selling domestic products there.

This strategy is very bold, but it aligns well with national policies.

Currently, the government encourages cross-border trade, not only exporting domestic products but also importing foreign products.

Therefore, following this direction, even if it doesn’t succeed, it certainly wouldn’t be wrong.

This strategy was proposed by Pu Chunhua and finalized by Yang Chen; naturally, the other shareholders had no objections.

Anyone who’s played the stock market knows that as long as a listed company is involved in asset acquisition and other significant positive moves, the stock price generally experiences several price limit increases.

Therefore, the shareholders were bound to vote unanimously in favor of this proposal.

Regardless of whether it succeeds or not, a surge in stock prices to cash out is solid gain, right?

The proposal to increase capital passed, but to whom the additional value would go still needed discussion.

Yang Chen’s goal was to increase his shareholding from 46.1% to 51%, becoming the controlling shareholder.

Therefore, he would definitely participate in the private placement and acquire at least 4.9% of the total share capital.

Pu Chunhua believed this would certainly succeed, for as long as results are achieved subsequently, the company’s stock price could easily multiply tenfold.

Thus, he also wanted to participate in the private placement, even suggesting that he and Yang Chen cover it all.

Seeing their confidence, the other shareholders also wanted to gamble and demanded a share of the allocation.

After repeated discussions, the plan was finalized.

Longlian Supermarket Group currently has a total share capital of 1.5 billion shares, with a stock price of 3 per share.

Hi-Buy No.1 Store is valued at 1.6 billion, and Li Lianxiong demands 800 million in cash, with the remaining 800 million to be exchanged for shares in Longlian Supermarket Group.

Binhai Import and Export Trading Company is valued at 1 billion.

This implies that a total of 1.8 billion is needed for this financing round, and at 3 yuan per share, this equates to issuing 600 million new shares.

Li Lianxiong’s demand for 800 million convert to equity would translate into approximately 270 million shares at 3 yuan per share.

In total, an additional issuance of 870 million shares is required, increasing the company’s total share capital to 2.37 billion shares.

Yang Chen needs to ensure his shareholding reaches 51%, which means he needs to hold 1.209 billion shares.

Currently, he holds a total of 692 million shares, which means he needs to acquire 517 million shares in this private placement.

A total of 870 million shares are to be issued, with Yang Chen taking 517 million alone, leaving the remainder for other shareholders to divide.