Chapter 557: Terminate the Acquisition

Chairman, Oriental Pharmaceutical Factory's performance is fine. But after we finished our due diligence, they raised the price again.

How much did it go up?

One hundred million!

What's the reason?

After the news of our company's acquisition of Oriental Pharmaceutical Factory leaked, the stock price rose fifteen points. Their shareholders thought we wanted to maintain the stock price, so we had to complete this acquisition. So they raised the price...

Seeing He Wanqiu's helpless expression, Chen Yang couldn't help but laugh.

Of course, he wasn't laughing at He Wanqiu, but at the shareholders of Oriental Pharmaceutical Factory.

In Chen Yang's view, whether or not they acquire Oriental Pharmaceutical Factory makes no difference to him. As long as the company has other profit channels, even if it doesn't produce medicine or open chain drugstores, it won't be delisted.

After the chairman of Oriental Pharmaceutical Factory was taken away, it has already severely impacted the company's image. Without a large infusion of capital, it will only continue to decline.

By then, not to mention two hundred million, even one hundred million might not be sellable.

Manager He, just reply to their representatives and say we are preparing to terminate the acquisition.

He Wanqiu said to Chen Yang with a hint of worry: 'Chairman, the news of our acquisition of Oriental Pharmaceutical Factory has been circulating for over a week. If we announce the termination of the acquisition now, how will we explain it to the shareholders?'

Chen Yang asked He Wanqiu: 'Has our company officially announced the acquisition of Oriental Pharmaceutical Factory externally?'

He Wanqiu instinctively shook her head, but then quickly recalled something and immediately said: 'Corporate Secretary Zhang has leaked to the media that we are in acquisition negotiations with Oriental Pharmaceutical Factory.'

Chen Yang said: 'Since it's just negotiations, there are two possibilities: success or failure. Just have Corporate Secretary Zhang send another message saying our acquisition negotiations with Oriental Pharmaceutical Factory have broken down.'

He Wanqiu hesitated for a moment, then quietly reminded Chen Yang: 'Chairman, if this message is sent out, our company's stock price will probably plummet!'

Chen Yang gave a light chuckle and calmly replied: 'Fluctuations in the stock market are normal; our stock has already risen fifteen points, so a slight pullback doesn't matter.'

Seeing that Chen Yang didn't care at all about the company's stock fluctuations, He Wanqiu reminded him again: 'Chairman, I heard your friends also bought a lot of our company's stock. Should we give them a heads-up before we send the message?'

Upon hearing this, Chen Yang gave He Wanqiu a roll of his eyes, feigning anger: 'Manager He, haven't I been good to you lately? Why do you keep trying to get me locked up?'

He Wanqiu immediately said 'Sorry,' then explained: 'Chairman, your friends happened to buy our company's stock just when we were in contact with Oriental Pharmaceutical Factory. Online rumors say they got your approval, so I...' She didn't continue, looking at Chen Yang with a 'you know what I mean' gaze.

Chen Yang understood her meaning. Although he hadn't been trading stocks lately, he had always kept an eye on his own company's stock movements. Facing shareholders' doubts, he had no intention of explaining. Because for such matters, the more you explain, the more it invites suspicion—like the saying 'there's no three hundred taels of silver here.'

'Manager He, my friends buying our company's stock is normal investment behavior. Don't forget how I became chairman of this company!'

As a veteran of Tianqi Pharmaceutical, He Wanqiu naturally knew that Chen Yang became a shareholder of the company through a scheme set up by the former chairman, Su Zhi Chao. At that time, her friends, including most of the company's senior executives, were watching Chen Yang and his friends become a joke.

Unexpectedly, Chen Yang directly used financial power to effect a tremendous turnaround. He not only completed internal reforms but also resolved the long-standing financial problems in one fell swoop.

Therefore, He Wanqiu had once suspected Chen Yang of providing insider information to Stellar Brilliance Financial Investment Company, but she also thought it might just be a coincidence.

After all, Stellar Brilliance Financial Investment Company and Xingcheng Securities have bought the company's stock more than once, and they didn't dump the shares and run after making a profit.

'Chairman, should I just have Corporate Secretary Zhang send the message then?'

'Send it!' Chen Yang knew in his heart that Lan Qiyun and Qi Yunxiang had already driven the cost down to near zero through repeated T-trades. Even if Tianqi Pharmaceutical's stock hit the daily limit down, it wouldn't have much impact. He solemnly told He Wanqiu: 'Whoever buys our company's stock must bear the risk of a price drop.'

Seeing that Chen Yang could be impartial toward his strategic partners, He Wanqiu felt a surge of respect. As she was leaving, she asked Chen Yang again: 'Chairman, are we really not acquiring Oriental Pharmaceutical Factory?'

Chen Yang countered He Wanqiu: 'Manager He, do you think spending an extra hundred million to acquire Oriental Pharmaceutical Factory would benefit our company?'

He Wanqiu immediately shook her head. However, Oriental Pharmaceutical Factory does have some R&D projects our company needs, so she still wanted to try to negotiate.

'Chairman, I'll communicate with their representatives again. If they still won't lower the price, then have Corporate Secretary Zhang issue the announcement.'

'Fine, you handle it as you see fit!' Chen Yang's pursuit of acquiring Oriental Pharmaceutical Factory was mostly for Liu Jianghua's sake. Since the other side raised the price arbitrarily, his interest waned. After all, they were the first to break faith; even if negotiations failed, Liu Jianghua wouldn't blame him.

After He Wanqiu left, Chen Yang summoned Du Yue'e to the office to get a briefing on the company's recent financial situation.

However, Du Yue'e's mind was always elsewhere when she spoke.

'Sister-in-law, is something the matter?'

Du Yue'e sighed: 'Chen Yang, it's not that I have something going on—it's that you do!'

'What's wrong with me?' Chen Yang thought Lin Wei had found out about his affair with Su Mingyue, and his heart skipped a beat.

Du Yue'e said discontentedly: 'Your investment in Lianzhou City was found out by Dad and Weiwei, and they're very unhappy. Weiwei has already had someone change the locks at home, saying she won't let you go to the Lin family's residence.'

Upon hearing this, Chen Yang's nervousness instantly dissipated. He feigned misery and complained to Du Yue'e: 'Investing in Lianzhou City was Governor Liu's order. As an ordinary commoner, where do I get the right to object?!'

'I see!' Du Yue'e immediately sympathized with Chen Yang upon hearing that. 'I'll call Dad later to explain. The governor's directive— not even you, nor even our dad, would dare to defy it!'

Chen Yang waved his hand and declared righteously: 'Sister-in-law, you'd better stay out of it. My investment in Lianzhou City is a fact, and I didn't consult them. Their anger is justified!'

Du Yue'e spoke up for Chen Yang, saying indignantly: 'This isn't your fault. If they weren't forcing you to sell Common People's Meat Industry Co., Ltd., there wouldn't be all these troubles!'

Chen Yang felt Du Yue'e's words hit home. He had originally planned to invest an additional two billion to expand Common People's Meat Industry Co., Ltd.'s out-of-province market, but Lin Jianguo and Lin Wei insisted on following the opinions of Old Master Hu and Old Master Lin, thereby kicking him out.

Now the situation is off, and they want him to come back?

As if that could happen!

His liking for Lin Wei doesn't mean he has to be a sycophant.