Chapter 571 - 552: Acquisition of Si Yang Group
Soon, both parties had signed a preliminary agreement, and Ye Chen immediately transferred one hundred million from Black Water Security Company’s account to Zhang Siyang as an initial deposit. Next, Ye Chen had to immediately get Tianya Group’s lawyers busy, with the acquisition contract, share transfer agreement, and various legally-binding documents needing to be relisted. Moreover, Ye Chen also needed to secure almost forty billion in funds.
Last time, the ’livestock’ sold from Fierce Tiger Gang had brought in seven billion, and later, Feng Zhixiao and the others had scraped together ten billion from Fierce Tiger Gang, which was development funding provided by the Japanese Imperial Army to Fierce Tiger Gang. Although most of it had been squandered, the remainder had been completely scavenged by Feng Zhixiao and his people. Now the Fierce Tiger Gang was still surviving on the border; they had taken to the mountains and had almost become a group of savages.
To secure the remaining forty billion, Ye Chen either had to draw from within the Rothschild family or borrow from Li Ruo, but either method required Ye Chen to make a firm decision. If he decided to pull from within the Luo Sijue family, he’d likely be violating the discipline of the Luo Sijue family. Then the members of the Elder Council would certainly have a lot to say. Last time, in order to raise funds for Tianya Group, he had pulled a part from within the Luo Sijue family—had it not been for the Old Patriarch shielding him, the members of the Elder Council would have had the heart to kill him.
If he went to Xiao Ruo, he was afraid he’d be in for a scolding.
At last, Ye Chen decided to have a good discussion with Xiao Ruo. What Ye Chen thought would be a tough and prolonged battle turned out to be unexpectedly easy, as Li Ruo readily agreed. Li Ruo looked at Ye Chen and said, "These forty billion are to repay you. You helped me out of a bind last time, and I don’t even know where you got those forty billion from. Now that I have ample funds, I’m paying you back, and we’re even!"
"Uh..." Ye Chen then realized that Xiao Ruo hadn’t forgiven him but was pretending to be angry on purpose.
But this was something only Ye Chen knew. The reason Zhang Siyang was selling Si Yang Group was that he didn’t want to continue to be controlled by the Squad Leader, which is why he was eager to dispose of his shares. But that was not something easy to explain to Xiao Ruo; helplessly, Ye Chen could only silently accept.
Quickly, the ownership of Si Yang Group was transferred to Ye Chen’s name, and with thirty percent of the shares, Ye Chen instantly became the largest shareholder of Si Yang Group. However, on the eve of the transfer, Si Yang Group suddenly suspended trading on the stock exchange. This caused panic among the stockholders, who started to look into the inside story of Si Yang Group. Soon, they discovered a problem: the general manager of Si Yang Group, Zhang Siyang, was dumping the stocks he held; Si Yang Group was up for restructuring.
"Damn it, that dog Zhang Siyang actually wants to run away!"
"Doesn’t that mean our stocks will become worthless paper?"
"Even if they don’t become worthless, they’ll shrink a lot in value!"
So, many stockholders ran down to the Si Yang Group building to protest and unfurled banners at the entrance, expressing dissatisfaction with Zhang Siyang’s actions and demanding that Si Yang Group resume trading immediately so that everyone could quickly offload their stocks.