Super Rich: Starting the game by going back ten years to buy Bitcoin
Chapter 152 Acquisition of Blue Sky Aerospace Group
The leather shoes clicked on the concrete steps with a dull thud.
Li Yichen walked out of the dilapidated residential building.
I opened the door of the U8 and got in.
The car started and drove into the night.
three days later.
Nine o'clock in the morning.
Wearing the same pair of leather shoes, I stepped onto the marble plaza in front of the headquarters building of Lantian Aerospace Group.
The sunlight was a bit too bright.
More than two hundred people were crowded in the square.
They were all wearing blue overalls with the four white characters "Blue Sky Aerospace" printed on the back.
A white banner, more than ten meters long, was stretched in front of the glass revolving door of the office building.
There are eight large characters written on it.
"Give me back my hard-earned wages!"
A young worker held up a red plastic megaphone and shouted at the top of his lungs.
"Pay wages!"
More than two hundred people below joined in the shouting.
"Pay wages!"
A dozen or so security guards stood in a row, blocking the revolving door.
The security captain was drenched in sweat, his hands gripping the cordon line tightly.
"Everyone, calm down! Chairman Zhang is in a meeting trying to come up with a solution!"
Nobody listens to him.
The crowd surged forward, squeezing the police tape out of shape.
Top floor.
Conference Room 1.
Zhang Haifeng slumped in the boss's chair in the main seat.
The man, in his early fifties, had more than half of his hair turned white.
The ashtray in front of me was overflowing with cigarette butts, some of which were still emitting wisps of smoke.
Six group directors sat on either side of the long conference table.
No one spoke.
Only the faint chants of demanding unpaid wages could be heard outside the window.
The conference room door was suddenly pushed open.
The secretary rushed in, her high heels clicking.
"Chairman Zhang!"
She was holding several documents in her hand, stamping her feet in frustration.
"The south gate is blocked by supplier trucks!"
"The finance department just received a notification that the Industrial and Commercial Bank of China and Shanghai Pudong Development Bank have issued their final ultimatums."
"If you don't pay the overdue interest by 5 PM today, they will initiate legal proceedings to freeze all our accounts!"
Zhang Haifeng closed his eyes.
He raised his hand and rubbed his temples.
"understood."
He waved his hand, signaling his secretary to leave.
The door closed again.
Zhang Haifeng opened his eyes and placed his hands on the table.
"Everyone."
He looked around.
"There's no way out."
"Let's initiate bankruptcy liquidation proceedings."
A chubby director sitting on the left suddenly slammed his hand on the table.
The teacup lid bounced up, splashing tea onto the mahogany table.
"Liquidation?"
The fat director stood up.
"What will we have left after the liquidation?"
"Over 5 billion in bank loans, and over 2 billion in supplier debts!"
"The land and equipment were all auctioned off by the court; we weren't even left with a scrap of bones!"
Zhang Haifeng looked at him.
"Do you have the money to cover the losses?"
The fat director opened his mouth, then slumped back into his chair.
Just then, the internal phone on the table rang.
The shrill ringing of the bell echoed through the conference room.
Zhang Haifeng pressed the speakerphone button.
The front desk manager's anxious words came through.
"Chairman Zhang! Mr. Li from Future Technology is here!"
"It's right in the lobby on the first floor!"
Zhang Haifeng suddenly sat up straight.
Several directors simultaneously turned to look at the telephone.
Future technology.
Li Yichen.
That tech upstart who just stirred up the entire new energy industry with Raytheon batteries and has hundreds of billions in cash flow in his hands.
The fat director's eyes lit up.
"What's he doing here?"
"Investment? Market rescue?"
Zhang Haifeng grabbed the suit jacket draped over the back of the chair.
"quick!"
He put on his coat as he walked out.
"Please proceed to the VIP reception room!"
Lobby.
Li Yichen walked at the front.
He was wearing a well-tailored casual suit, but no tie.
Ji Yanran, holding a tablet computer, lagged behind by half a step.
Minister of Justice Zhang San followed beside him, carrying a black briefcase.
The three walked through the hall.
Several young receptionists stood in a row, barely daring to breathe.
Zhang Haifeng and his men quickly came out of the elevator to greet them.
They stretched out their hands from a great distance.
"Mr. Li!"
"I have long admired your name; I am deeply honored by your presence. I am truly sorry for not welcoming you properly!"
Li Yichen stopped in his tracks.
He extended his right hand and shook hands with Zhang Haifeng.
Instantly separate.
"Mr. Zhang, you're too kind."
Zhang Haifeng invited the person into the VIP reception room.
Guests and hosts took their seats separately.
The secretary brought out freshly brewed Da Hong Pao tea.
The aroma of tea fills the air.
Zhang Haifeng picked up his teacup and blew on the floating leaves.
"Mr. Li, are you here at Blue Sky Aerospace today to inspect some projects?"
He put down his teacup, trying to appear composed.
"Our company has accumulated a considerable amount of technical expertise in the field of rocket recovery."
Li Yichen didn't touch the cup of tea.
He leaned back on the sofa.
Legs crossed.
"Chairman Zhang."
Li Yichen got straight to the point.
"I'm not here today to talk about investment."
Zhang Haifeng's smile froze.
The directors who followed them in exchanged glances.
"It's about an acquisition."
Li Yichen continued speaking.
Future Technology plans to acquire Blue Sky Aerospace in its entirety.
The reception room was silent for a full five seconds.
Even the slightest sound of the air conditioner blowing air could be heard clearly.
Zhang Haifeng stopped smiling.
Place your hands crossed on your knees.
"Mr. Li has quite an appetite."
He leaned forward slightly.
"Although we at Blue Sky Aerospace are experiencing some cash flow difficulties, our core assets are still intact."
"Three thousand acres of industrial land, and a complete rocket assembly plant."
"It also has the only sea-based launch platform in China."
Zhang Haifeng emphasized his words.
"A full acquisition like this won't be cheap."
Li Yichen tilted his head.
Zhang San immediately stepped forward.
Open the black briefcase.
He pulled out a thick stack of documents and slammed them onto the glass coffee table.
It made a muffled sound.
"Chairman Zhang."
Zhang San opened the first page of the document.
"Your company currently owes ICBC 2 billion yuan in principal and 180 million yuan in interest."
"I owe Shanghai Pudong Development Bank 1.5 billion yuan in principal and 230 million yuan in interest."
"Owes China Merchants Bank..."
Zhang San read them down one by one.
He speaks very fast and enunciates clearly.
"The total principal and interest of the bank amounted to 5.97 billion yuan."
Zhang San turned to the second page.
"We owe a total of 2.35 billion yuan to major material suppliers."
"Total foreign debt: 8.32 billion."
Zhang Haifeng's expression changed.
Zhang San turned to the third page.
"Employees' wages are two months behind, totaling 76 million."
"The rocket recovery technology project has been stalled for three years with no substantial progress."
Zhang San closed the document.
They retreated behind Li Yichen.
"Chairman Zhang."
Zhang San pushed up his glasses on the bridge of his nose.
"Your company's current actual valuation, including those three thousand acres of land, is no more than 18 billion."
"If the hole cannot be filled by 5 p.m. today, the bank will initiate the freezing procedure."
"Going through bankruptcy liquidation will result in a significant devaluation of assets."
"The directors may not even get their principal back, and they will also be labeled as defaulters."
The fat director suddenly stood up.
Pointing at Zhang San.
"You're taking advantage of our misfortune!"
He was so angry that he was trembling all over.
"Aren't our technical team valuable? Aren't our launch platforms valuable?"
Li Yichen looked at the fat director.
He reached out and picked up the teacup.
I took a sip.
lay down.
The bottom of the cup hit the glass coffee table with a crisp sound.
"Technology teams are valuable."
Li Yichen held up one finger.
"But I'll only contribute 15 billion."
He scanned the people opposite him.
"Of this 15 billion, 8.3 billion is your debt."
"I'll take over everything."
"Three thousand acres of land, factory buildings, equipment, offshore platforms, and three thousand one hundred and forty-seven registered employees."
"I want them all."
Li Yichen leaned forward.
"The remaining six billion yuan in cash will be divided among the directors according to their shareholdings."
"Safely logged out".
Zhang Haifeng suddenly stood up.
He braced his hands on the coffee table.
"15 billion is too low!"
He gritted his teeth.
"At least 20 billion!"
Li Yichen didn't move.
He leaned back into the sofa.
"Chairman Zhang."
"This is the only and final offer."
"I do not accept any form of bargaining."
Li Yichen raised his left hand.
I glanced at my watch.
It's 9:30 now.
"I'll give you all three hours to discuss."
"Agreed, we'll sign the contract tomorrow, and the deposit will be credited to your account."
"I disagree. I'm going to turn right outside."
Li Yichen stood up.
"You will proceed with bankruptcy liquidation."
He led Ji Yanran and Zhang San out of the reception room.
We went into the lounge next door.
The door closed.
The next three hours.
Heated arguments could be heard from the next meeting room.
Someone slammed their fist on the table.
Someone smashed a cup.
Some advocate holding out to the end and finding other institutions to take over.
Some people did the math and found that they would have to pay out of pocket after bankruptcy liquidation, so it would be better to take the cash and leave.
Li Yichen sat on the sofa in the lounge.
With eyes closed.
The fingers tapped rhythmically on the armrest.
Ji Yanran stood by the window, looking at the workers still gathering in the square below.
It was exactly 12 noon.
The door to the lounge was pushed open.
Zhang Haifeng walked in.
He looked extremely tired.
The tie was loose, and the shirt collar was open.
He walked up to Li Yichen.
Reach out.
"Mr. Li."
Zhang Haifeng's voice was dry.
"Do as you say."
"15 billion."
Li Yichen stood up.
Hold his hand.
"Chairman Zhang made a wise decision."
Li Yichen released his grip.
He turned and walked out.
He stopped at the door.
Look back.
"We'll sign the formal contract tomorrow morning at 10 a.m.
"After the contract was signed, Chairman Zhang helped gather all the employees in the square."
"I'm going to call a company-wide meeting."
Zhang Haifeng nodded in agreement.
Li Yichen led his men out of the office building.
The employees in the square had not yet dispersed.
The sun was high in the sky.
Temperatures are rising.
The workers' blue overalls were soaked with sweat and clung to their backs.
Seeing Li Yichen and his group come out.
A commotion arose in the crowd.
"Isn't that Li Yichen from futuristic technology?"
"Why is he here?"
"Are they here to acquire our company?"
A middle-aged technician in blue overalls squeezed to the front of the cordon.
His name is Liu Wei.
He was clutching a crumpled resignation letter in his hand.
What's the point of the acquisition?
Liu Wei sneered.
"Even if you change the boss, the same thing will happen: wage arrears."
A young man next to him grabbed his arm.
"Mr. Liu, don't be in such a hurry to resign."
The young man stood on tiptoe to look in that direction.
"Future technology has no shortage of money, so maybe our salaries will be a thing of the past."
Liu Wei shook off his hand.
"Capitalists are all the same."
"What they're interested in is the land and the equipment."
"Those of us in the tech field will be wiped out sooner or later."
Looking up at the U8's engine starting up.
The wheels rolled over the speed bump.
We set sail out of the gates of the Blue Sky Aerospace.
Liu Wei stared at the taillights of the departing car.
He stuffed the crumpled resignation letter back into his pocket.
"tomorrow."
He gritted his teeth and spat out two words.
"Let's see what tricks he can pull."
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