Relentless Pursuit After Divorce-Chapter 1230. Is Campbell far from bankruptcy?

Afterward, James Campbell found many of his projects encountering problems, not due to the new policies issued by the city delaying the investments and the inability to recoup funds.

It was his own private investments that completely failed to return any profits.

The pileup of issues inevitably made James Campbell feel like someone was sabotaging him.

And this time, the large real estate investment James Campbell stubbornly pursued had turned sour.

"CEO Campbell, you repeatedly assured that this project would be profitable, and now, Campbell has invested most of its capital in it. Now the construction has stopped, and the company cannot recoup its funds. If this continues, the capital chain will inevitably break!"

"Yes, CEO Campbell, you were the one who said the government would build an intercity subway here, and you also said that information was reliable. So, what’s going on now? Who exactly gave you this ’reliable’ information?"

"Nelson Building Materials has always cooperated with us. Now they’ve suddenly stopped cooperating, but the contract we signed with the client clearly states that we will use Nelson Building Materials’ decoration materials. What are we supposed to do now?"

"Exactly, I said from the beginning that signing a contract with the client should not specify the building materials supplier explicitly. Now look, if Nelson Building Materials clearly decides not to cooperate with us, we’ll be breaching the contract and owe the client a lot of money."

"..."

At the shareholders’ meeting, James Campbell was left speechless by the barrage of questions from the shareholders.

Because he had bought 35% of the shares from Elly Campbell, along with his own 20%, he had obtained dominating control over Campbell.

This unchecked power made James Campbell lose himself in arrogance.

He increasingly ignored the shareholders’ opinions and acted autocratically.

And because James Campbell had absolute authority, the shareholders’ opposition was futile.

For example, their newly developed properties were popular in recent years due to the excellent reputation of Nelson Building Materials in the industry.

James Campbell, eager for significant achievements and having always worked with Nelson Building Materials, was convinced that a collaboration with such a large group like Campbell, on a major real estate project, was a guaranteed partnership.

Plus, a friend from the city construction department had privately told him that an intercity subway station was planned near the site.

This guaranteed that real estate prices would rise.

He then invested a significant portion of Campbell’s liquid assets in this real estate.

Even to expedite the sale of the properties and thus showcase his capabilities in front of the shareholders, the sales contract explicitly stated that the building materials for this development would all come from Nelson Building Materials.

This was also a selling point to attract clients.

But unexpectedly, Nelson Building Materials had decided not to cooperate with Campbell’s new property development.

If they couldn’t persuade Nelson Building Materials, they would have to pay a penalty for breach of contract.

James Campbell was questioned so intensely by the shareholders that his face turned pale, yet he couldn’t utter a single word in rebuttal. frёewebnoѵel.ƈo๓

Originally, knowing that these shareholders were discontent, he had insisted that the legal department add a clause to the contract: "All refined decoration materials will be supplied by Nelson Building Materials."

Now, this clause had become his obstacle.

"If President Clark were here, this wouldn’t have happened."

A minor shareholder bluntly spoke up at the meeting table, seemingly with no intention of sparing James Campbell any dignity.

Indeed, if the funds invested in the property couldn’t be recouped, then the financial chain for Campbell’s other projects would be broken.

Once the financial chain broke, how far could Campbell be from bankruptcy?

The source of this c𝓸ntent is fr(e)𝒆novelkiss