Chapter 297
Title: My Son Might be a Villain
Translator: Fringe Capybara
Chapter 297 – Father and Son Shopping Trip (4)
“I said, you didn’t 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 Shao’s 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 Lu’s 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 family’s acquisition today.”
Since the very beginning when Lu Shao gave the order to start putting pressure on the Song’s projects to the Lu family’s all out disclamation of war toward the Song family just a few days ago, the Song Corporation’s 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 wasn’t 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 Lu’s suggestion of being acquired.
Nevertheless, Lu Shao wasn’t planning on leaving the option up to Song ZeYu.
“Let’s do it,” said Lu Shao as he sat down on the chair at the very front.
“Yes, Sir.”
“Currently, the Lu’s holds 34% of the Song’s working capital. We can withdraw at any given moment.
“The Song’s market value had reached 90% of the estimated value. After the divestment, the Song’s 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 Yi’s 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?
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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 Song’s 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 Song’s.
“Then we will be able to decide whether the Song’s will live or die. Is that what you are saying?” asked Su Han, after processing what he was told.
“Exactly,” said Yan Yi. He then carried on to say, “With absolute control over the Song’s, the Lu’s will be able to decide whether the Song’s will go bankrupt or be acquired.
“Nevertheless, the Lu’s will also have to bear a bigger portion of the future and current capital loss from the loss of the Song’s 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 Shao’s question.
“There’s 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 Song’s 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 Song’s,” 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, let’s 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.
Didn’t it all just started? He wanted to see how the Song’s market value continue to plummet. Besides, he hasn’t seen how the Song’s would choose between declaring bankruptcy or being acquired!
Looking at Su Han’s reluctant look, Lu Shao raised his brows.
“Are you done with your homework assignments?”
Su Han, “……”