Chapter 64: Fruit Crisis
As a blatantly wealthy elite in Jin City, Yang He’s network is undoubtedly very strong, and his information is quite well-informed.
But it is obvious that the more friends one has, the more enemies there will be.
Huang Yuqiu’s investment this time in Jin City was likely heavily swindled by Yang He. The Silk Art Gallery is probably one of these traps.
So much so that Yang He still doesn’t know that Huang Yuqiu has already reached an agreement with Chen Yiyang.
He is even unaware of Chen Yiyang helping Huang Yuqiu to bridge connections with Linghui.
Otherwise, he definitely wouldn’t have tried to take the China Merchants Steam Navigation Company’s stock privilege from Chen Yiyang today.
Chen Yiyang isn’t in a rush to tear Yang He apart; he is waiting for Huang Yuqiu to finalize her contacts at China Merchants Bank, so they can jointly announce the donation of the stocks.
Yang Yu isn’t in a rush either. After getting the list, she starts intercepting the recent pawnshop business, preparing for her own independence.
So Chen Yiyang exchanged some pleasantries with Yang He, changing the topic.
Yang He found Chen Yiyang’s attitude somewhat strange.
But then he glanced at Yang Yu and Chen Yiyang’s manner of interaction.
It seems not intimate enough.
It looks like his daughter hasn’t won over the other party yet, leading to Chen Yiyang still having concerns.
So Yang He found an excuse to take Yang Yu away and instructed her in a corner.
When Yang Yu returned, Chen Yiyang curiously asked Yang Yu, "What did your dad just say to you?"
"He said he will arrange for a female PR person to come over and teach me some techniques on seducing men in the next few days. Once I learn them, he wants me to sleep with you first and then discuss borrowing money from you."
Indeed, an experienced businessman, his connections are remarkable.
Such talent can be found casually.
Thus, Chen Yiyang patted Yang Yu’s shoulder, "Learn well, if there’s an opportunity, record the process. Quite frankly, I’m interested too."
"Pervert."
Yang Yu held up her middle finger towards Chen Yiyang, then turned and left.
In the afternoon, Liu Zhaodi came by, accompanied by Sun Xingguo. Sun Xingguo now seems to have become Liu Zhaodi’s trusted subordinate and close confidant.
"Brother." Liu Zhaodi directly called Chen Yiyang brother in front of outsiders, despite the big age gap between the two.
"You seem quite good at making connections. Next time if there’s an opportunity like this, contact me. Let me get the title of curator too."
"Not at all, it’s an honor if Sister Liu wants to come." After chatting for a bit, Chen Yiyang mentioned the reason for inviting Liu Zhaodi today.
"In a while, my own shop will officially open. I wonder if Sister Liu can come and attend?"
"Hmm." Liu Zhaodi hesitated for a moment.
She couldn’t determine who was backing Chen Yiyang, and whether it was worth endorsing him.
So she pretended to be curious and asked, "Who else did you invite, brother?"
"Just some friends." Chen Yiyang hadn’t finalized the guest list yet.
"That shows I hold quite a weight in brother’s mind." Liu Zhaodi said pretentiously, "But I might not have time. Brother, remember to call a few days ahead, so I can confirm my schedule."
"No problem." Chen Yiyang had anticipated this outcome. To invite this kind of figure, he needed to wait for the right opportunity.
The next day, Chen Yiyang opened his phone again.
Today’s intelligence, fruit crisis: Liu He, a local fruit farmer in Jin City, is selling his farm’s produce. Buying them now at low prices is an opportunity for a bargain.
Relevant contact phone numbers are attached on the second page.
How come the market fluctuations haven’t subsided yet?
Chen Yiyang thought for a while, called Zhou Jianjun to inquire about the situation.
"Boss, something’s amiss." Zhou Jianjun, driving on a rural cement road, stopped at the roadside after receiving Chen Yiyang’s call to report.
"These past days, many fruit vendors have been telling the farmers that Linghui is going bankrupt, so soon there will be no one to buy their fruits.
When we tried to sign contracts with farmers, they said it’s our Luzon factory that’s forcing Linghui into bankruptcy, and signing with us is to prevent them from selling their fruits to Linghui, hastening Linghui’s bankruptcy.
It’s not genuinely to purchase their fruits. So now, farmers demand we pay full price and take the fruits immediately, or else they won’t sign with us; even if they do, if they sell their fruits to others, they won’t refund our deposit."
"What the hell."
Chen Yiyang was somewhat stunned. Have the news about Linghui and Huang Yuqiu preparing to sign contracts leaked that quickly?
Fruit vendors, upon receiving the news, plan to suppress fruit prices to make a big profit before the news officially makes headlines?
Even though Chen Yiyang represented Luzon Dried Fruit and Vegetables Farm, his credibility with farmers was decidedly no match for fruit vendors.
Therefore, Chen Yiyang’s entry not only failed to quell market turbulence but instead intensified it due to the sudden news of Linghui’s bankruptcy.
Chen Yiyang prepared to call Zhao Qiankun to inquire further, but received a text from Zhao Qiankun: My dad says there’s a plan to clean out some of Linghui’s small shareholders soon. Boss, I’ll continue running around signing contracts for you these days, but can’t help with anything else.
Upon receiving this message, Chen Yiyang instantly realized why rumors of Linghui’s bankruptcy were circulating.
Because apart from several major shareholders, when it was established, many locals also invested to become minor shareholders.
Previously Linghui wasn’t making money, these minor shareholders received little dividends, so major shareholders were happy to let minor shareholders share the risks.
Now, once Linghui signs the contract with Huang Yuqiu, Linghui will receive massive investments and stable orders.
At this time, if the original major shareholders want to cash out through dividends, they’ll inevitably share this money with many former minor shareholders.
This is always the way in business.
If you lack background, connections, and resources, when it comes to taking risks, people are happy to bring you in.
But when profit is involved, apologies. Major company shareholders will definitely join forces to clean minor shareholders out before dividing dividends.
Thus, rumors of Linghui going bankrupt were simply spread by Linghui’s group of major shareholders themselves.
The message was first transmitted to Linghui’s various partners, letting them spread the word causing panic, then naturally the minor shareholders would receive the rumor.
Then anxious minor shareholders would rush to request divesting and reclaim their initial investment.
At this point, major shareholders would definitely appear to defer, but then agree to the request, allowing minor shareholders to withdraw their funds.
Once all minor shareholders are cleared out, they formally sign the contract with Huang Yuqiu and establish cooperation.
Then, when Huang Yuqiu’s funds are in place, major shareholders announce dividend distribution.
What can minor shareholders say at that time?
On a legal level, there’s even no issue to find with Linghui’s major shareholders.
It’s just that Linghui’s major shareholders, though aiming for minor shareholders, ended up unintentionally affecting fruit farmers first.
Chen Yiyang felt a jumble of confusion in his mind.
In this situation, whoever cares can deal with it.