Chapter 773: The Betting Agreement with Ju Feng Technology

Wu Jingzhong heard that Chen Yang wanted to meet the boss of Ju Feng Technology Company, so he immediately gave Tang Qingquan a look. The latter understood and nodded, then called to arrange a meeting at Qingfeng Shan Zhuang.

While waiting, Wu Jingzhong pretended to be curious and asked Chen Yang, 'Director Chen, since phone contract manufacturers can also go public, why is your company still giving up the Nokia phone order?'

Chen Yang guessed this was a probe, and immediately said, 'President Wu, you're mistaken. We didn't abandon the Nokia phone contract business; they abandoned us.'

Of course, it's also possible that before I took over Dragon Soaring Electronics Factory, they had already reached an agreement with Ju Feng Technology. They just never found a chance to break ties, which is why those rumors circulated earlier.

Wu Jingzhong heard this and gave an embarrassed laugh. Most of the online rumors about Chen Yang wanting to make phones were actually spread by him, aiming to hike the phone sector's stock price. He didn't expect Nokia to actually seize the opportunity.

'Director Chen, if you think buying Dragon Soaring Electronics Factory was a loss, I can call Long Hua over to compensate you for the loss.'

'Thanks for your concern, President Wu…' Chen Yang immediately refused Wu Jingzhong's goodwill. 'Investment itself is risky. Since we misjudged, we must accept the market's punishment.'

Wu Jingzhong saw that Chen Yang had no intention of pursuing Long Hua's responsibility, and he breathed a sigh of relief. After all, the other party's investment failure this time also bore him, the intermediary, considerable responsibility.

'Director Chen, given the lesson from Dragon Soaring Electronics Factory, do you think Ju Feng Technology's financing and IPO this time is reliable?'

Chen Yang didn't want to casually give an opinion, and immediately replied, 'I don't know much about Ju Feng Technology; let's wait until I meet the person in charge before speaking.' After saying that, he fell silent, quietly waiting for the boss of Ju Feng Technology Company to arrive.

About an hour later, a black business car sped into Qingfeng Shan Zhuang. After the car stopped, two men and two women got out.

Tang Qingquan, who had been waiting outside, let out an impatient snort. When the party approached, he said to the leading middle-aged man in his forties, 'Director Sun, your company's attitude of begging for help is truly unique—actually making investors wait a full hour. What's up? Did you find a big backer? You look down on our few melons and dates?'

The middle-aged man immediately replied with a smile, 'President Tang, don't misunderstand. After receiving your call, we rushed over as fast as we could. We just didn't expect to encounter a major car race on the way, wasting a lot of time for nothing.'

Tang Qingquan wouldn't believe his nonsense. If Chen Yang and Wu Jingzhong weren't still waiting up front, he'd have had the estate's security drive them away.

'Enough talk, I'll take you to meet President Wu and Director Chen. If you can't convince them, East Prosperity International will also abandon the investment.'

The chairman of Ju Feng Technology Company is Sun Shaojie. Upon hearing Tang Qingquan's words, his face immediately showed a hint of worry: 'President Tang, our company just snatched the Nokia phone contract from Director Chen's hands. Now we're coming to him for financing—this might not be appropriate, right?'

Tang Qingquan couldn't care less about that, and said directly, 'Director Sun, I don't care about your personal grudge with Director Chen. This meeting was actually proposed by Director Chen himself. Only if we convince him can President Wu and I possibly invest in your company.'

Sun Shaojie, hearing that, could only grit his teeth and follow Tang Qingquan to the private room where Chen Yang and Wu Jingzhong were staying.

After entering the private room, he immediately recognized Chen Yang. After all, the latter had become a well-known figure throughout Modu.

'Director Chen, President Wu, hello! I'm Sun Shaojie, chairman of Ju Feng Technology Company. Pleased to meet you!'

Chen Yang didn't shake Sun Shaojie's hand, just lifted his eyes to glance at him, then said expressionlessly, 'Director Sun, as far as I know, phone contract manufacturing yields low profits. Where does your confidence come from to seek financing and go public?'

Sun Shaojie had prepared for Chen Yang's question and immediately replied, 'Director Chen, our company isn't limited to phone contract manufacturing. Before doing contracts for Nokia and Sony Ericsson, we produced many phone-related accessories. To date, the company has earned over 100 million yuan in profit for three consecutive years, qualifying it for financing and IPO.'

Chen Yang had read Xia Ye's due diligence report and was highly skeptical of Sun Shaojie's words, but in front of Wu Jingzhong and Tang Qingquan he did not expose him.

'Director Sun, since you're so confident about going public, I could offer some financial support. But you must sign a bet agreement. If within a certain period you fail to complete the financing and IPO task, you'll have to compensate double our investment costs.'

Sun Shaojie's face slightly changed upon hearing this. Once the agreement is signed, if the IPO fails, his company will also go bankrupt.

'Director Chen, aren't the terms of this agreement too harsh?'

Chen Yang said lightly, 'President Sun, the prospects of phone contract manufacturing are still unclear. Your rush to go public surely aims to raise money from the stock market via the financing and IPO opportunity.'

'As a former stock investor, I can understand your behavior. But as an investor, helping you go public while bearing the risk of being cursed by hundreds of thousands of shareholders, if there's no high‑return benefit, why should I support you?'

Sun Shaojie didn't expect Chen Yang to have seen through all his thoughts, and he gave an embarrassed laugh.

'Director Chen, the domestic economy has been improving year after year, and people's incomes have risen considerably. Our company's financing purpose is to be optimistic about the phone industry's future prospects, to keep expanding production scale, not merely to raise money as you said.'

Seeing him still making excuses, Chen Yang countered, 'If you're so bullish on the phone industry's future, why don't you dare sign the bet agreement?'

Sun Shaojie awkwardly glanced at Tang Qingquan beside him, hoping he could help resolve the predicament. Unexpectedly, Tang Qingquan was completely unmoved, and lightly said to Sun Shaojie, 'Director Sun, my attitude and President Wu's are much like Director Chen's. If Ju Feng Technology Company's IPO fails, we must compensate double the loss.'

Sun Shaojie said with some difficulty, 'Director Chen, President Tang, President Wu, the risk of a double‑bet agreement is too great—could we halve it?'

Tang Qingquan, hearing this, said impatiently, 'Director Sun, are you selling vegetables at a market, still haggling? If you yourself aren't interested in going public, what basis do we investors have to feel assured?'

Sun Shaojie, hearing that, could only have his secretary draft three copies of the bet agreement for completing financing and IPO within two years, then sign his name in them.

With the agreement in hand, Chen Yang directly said he would invest in batches, a total of 100 million yuan to help Ju Feng Technology Company with financing and IPO. Meanwhile, Wu Jingzhong and Tang Qingquan, since most of their funds are in the stock market, each pledged only 50 million.

After leaving Qingfeng Shan Zhuang, Chen Yang's face showed a hint of triumphant smile. Because once Fruit Company's phone is released, the entire phone market will be shaken. Nokia's dominance in phones will begin to fall from its pedestal at that moment.

Moreover, as Nokia's contract manufacturing partner in the Modu region, Ju Feng Technology's performance will inevitably suffer as well.

At that point, achieving a successful IPO would be very difficult.