Chapter 662 Big Shareholder (1/2)

Chapter 662: Big Shareholder

Translator: Nyoi-Bo StudioEditor: Nyoi-Bo Studio

Regardless of how one looked at it, it was awkward for a CEO to promote his own shares to others.

A CEO would normally not do this. It clearly showed the other party that, as the CEO, they themselves were not optimistic about their own company. As such, why would anyone want to buy their company's shares?

Despite that, Cole had no other choice. Truth be told, Harry Winston was unable to take out 70,000,000 USD worth of cash at one go.

If the company's account still had this amount of cash, Harry Winston would not fall so low as to have bankruptcy rumors.

As the gemstones were of good quality, they could be brought quickly to the market after they had been meticulously carved. Therefore, even though Cole was unable to obtain the money, it was still necessary for him to procure the gemstones.

If this were handled well, Harry Winston could end up earning a profit that was two times 70,000,000 dollars—or more—after spending 70,000,000 dollars to procure the gemstones.

As long as the company was able to earn this amount, Cole would not have to worry about the company's financial problem as Harry Winston would be able to completely recover from the financial crisis.

The appearance of Li Du was a chance for the dying Harry Winston, a chance to revive the company.

In the world, those who could provide such a large number of gemstones were few and far between. The number of people who were able to provide such a large number of gemstones and who were also willing to buy the shares of Harry Winston was one.

As such, having seen the opportunity to save his empire, Cole needed to grab onto Li Du, who was his last hope at saving the company.

Li Du very quickly understood his relation to this matter. As it was much easier for him to lower the price, he was very happy to buy the shares in Cole's possession.

He swiftly contacted Bauer Neuberger, who was the lawyer Playboy had recommended, and consulted with him. Bauer would be the one in charge of helping him lower the price.

Previously, Li Du spent 11,200,000 dollars to buy 0.008 percent of Harry Winston's shares. This time around, he wanted to buy more than six 0.008 percent of shares with the six and a half 11,200,000 dollars in his possession.

A business negotiation had begun.

Bauer had already seen Li Du's potential and paid great attention to him. After being informed that the deal this time around was worth more than 70,000,000 dollars, Bauer straightaway brought his whole team over to negotiate.

Cole also called over Harry Winston's business lawyers and financial advisors. Even though his team was more formidable, it was a pity because Li Du had the biggest say in this negotiation.

The negotiation started the next day and lasted the entire day, from morning to evening, before finally reaching a conclusion that both parties were happy with.

Cole was selling one percent of the company's share, which was seven percent of the 48 percent of shares in his possession, for 10,000,000 dollars.

With that, Li Du traded in his gemstones for 72,000,000 dollars and used 70,000,000 dollars of it to buy the shares while 2,000,000 dollars was given to him in cash.

The trade was completed under the witness of both parties' legal team. Although Cole wanted to organize a press conference, Li Du declined as he wanted to be more low-profile.

Having considered his recent kidnapping, Cole and Roger understood his worry and completed the signing of the contract without fanfare.

The whole contract signing process was considered successful. However, when the signing of the contract was about to be completed, three elderly people, who came together as a group, knocked on the door and called for Cole using his full name.

Li Du was familiar with the three elderly people. They were three small shareholders of Harry Winston whom he had previously met. Tedrick, who was among them, had his shares bought by Li Du.

Seeing the three of them, Li Du curiously asked Tedrick, ”What are you guys doing here? You don't have any more of the company's shares, right?”

”Softer, Li, my two friends here don't know I sold my shares,” Tedrick replied in an embarrassed manner. ”They were informed that President Cole is here and dragged me along to meet him.”