Chapter 313 Reaping the Profits without Any Effort

"President Chen, I believe you're well aware of our situation. All of our factories are basically in crisis! With an industrial park already in your hands, I'm sure you wouldn't mind having one more. If you're willing, we can give up a percentage of the profits and hand over the factory to you."It seemed as though President Gao was resigned to breaking the pot if it couldn't be lifted.

He knew very well that if he missed today's opportunity, seeing Chen Yu again would be harder than reaching the heavens. Sёarch* The Novelƒire(.)ne*t website on Google to access chapters of novels early and in the highest quality.

At this point, he could no longer care about the niceties of business socializing, whatever it was, it had to be resolved today.

Chen Yu looked at the document President Gao handed over with apparent indifference.

"Are you teaching me how to do my job? Just because you want to sell me your factory, I have to buy it? Who do you think you are?"

Continue your journey on empire

President Gao's eyes bulged, full of disbelief.

When Chen Yu's industrial park was being established, he had sent a few people to work there as laborers and to gather intelligence.

From the information gathered overtly and covertly, it was deduced that Chen Yu was in need of an industrial park dedicated to the production of pharmaceutical raw materials.

But now, looking at Chen Yu's attitude, it seemed he had no such intention at all.

"President Chen, that was not my intention. Our factories are considered high-quality assets, you definitely won't lose money on the acquisition."

Chen Yu laughed dryly as if he had heard a joke.

"I think you must have received some news, I plan to build a specialized industrial park for pharmaceuticals. Among all of you, some deal in food, some in machinery, and even electronics. With those assets you have on hand, I cannot directly use them. You call those high-quality assets?"

Everyone present was stunned for a moment; this reason did seem a bit far-fetched.

Considering the assets they held, they would surely be considered high-quality if placed on the market. They couldn't be cast as bad assets simply because they differed from Chen Yu's line of business.

A few executives were immediately angered and wanted to stand up and argue with Chen Yu, but then, thinking better of it since they were the ones seeking a favor, they forcefully suppressed their urge.

President Gao also felt helpless, momentarily at a loss for what to do.

He turned to look at the other factory managers and executives and suddenly had an idea.

He hastily pulled out a document from the pile, handed it to Chen Yu.

"President Chen, take a look, this is the detailed information of my company. We do have a business sector that manufactures pharmaceutical products, which suits your needs perfectly. Perhaps consider acquiring just that part?"

His words took everyone by surprise.

"President Gao, what do you mean by this? We agreed to sell all of our industries as a package, why are you now only selling yours?"

"That's really underhanded. Is our asset supposed to end up as manure?"

...

The large room instantly erupted into noise, as everyone's attention turned to President Gao.

Everyone there had factories that had reached a bottleneck or were in crisis, and for several of them, bankruptcy was just a few days away.

If they didn't sell their assets quickly, they would only face ruin.

Seeing these people quarrel among themselves, a flicker of excitement crossed Chen Yu's heart. If they were disorganized first, he could press the price to the lowest point.

After taking a moment to calm his breathing, Chen Yu returned to his seat and whispered something to Han Xiaohui.

Han Xiaohui understood instantly and went out the door. Shortly after, she returned with a stack of contracts.

The arguing in the room had reached a fever pitch, with several executives even smashing wine bottles over each other's heads.

Han Xiaohui, having never witnessed such chaos, was evidently frightened and cowered behind Chen Yu.

Chen Yu didn't bother with the commotion and simply reviewed the contracts Han Xiaohui had printed out, discovering that the terms she had included were not only comprehensive but also augmented with extra details.

It had to be said that Han Xiaohui was indeed a qualified secretary, and very attentive at that.

After reviewing the contracts, Chen Yu was full of praise.

It was unclear how much time passed or whether these people were exhausted from fighting, but gradually, the room grew quieter.

President Gao was gasping for breath, slumped beneath a table, his head covered in shards from broken bottles.

"Have you all had enough of fighting? If so, let's discuss the details of the acquisition."

With that, Chen Yu distributed some of the contracts down the line.

The executives, upon receiving the contracts, found the terms strict but still acceptable.

It seemed as if Chen Yu had an uncanny grasp of their psychology.

Moreover, now that internal strife had broken out amongst them, it was impossible for them to unite and find a major buyer for their assets.

One of the executives, resembling a rotund winter melon, quickly browsed through the contract and headed straight to Chen Yu.

"President Chen, I agree to all the terms laid out here, we can sign the contract right now!"

Without any further words, Chen Yu took out the prepared seal and pen.

Once there was a first, there were inevitably more to follow. Before long, the people in the room were lining up, pleading for Chen Yu to acquire their industries.

In less than half an hour, all the contracts had been signed, transferring the entirety of the assets in the industrial park to Chen Yu's name.

In total, Chen Yu spent less than one billion.

This industrial park was even larger than the one he currently owned; if it were sold through normal channels, it would fetch at least ten billion on the open market.

Now, having spent just a tenth of that price, Chen Yu had gotten a tremendous bargain.

After resolving the matter, Chen Yu, accompanied by Han Xiaohui, headed straight to the factory area.

The factory managers and executives followed close behind, rapidly transferring assets and instructing relevant personnel to vacate the premises.

Hou Jianchang, upon hearing the news, was overjoyed as he hastened to the scene. He hadn't expected Chen Yu to be so efficient; within just a day, he had secured the factory area.

Next was to proceed in the same manner, renovating the factory area and settling the workers who were left behind.

In a rather luxurious office, Chen Yu sat comfortably, lightly stroking the Maneki-neko on the desk.

"I didn't expect this bunch to be incompetent in business, but they sure knew how to enjoy life. This office is more than twice as big as ours."

Hou Jianchang looked around the room and let out a breath.

"Well, in business, some face-saving is necessary, but this is indeed too much. No wonder these guys ended up running their factories into the ground."