Chapter 198 - Presentation (2/2)
'Boy... you're no match for me. And you are not as handsome as my boyfriend so you better knock that smirk off your face or I'll wipe it for you.' Lena smiled confidently back at Tyler.
Lena got up and nodded at Henry. Henry took a deep breath and gave Lena the controller to the projector.
Lena stood up at the front. ”The majority of the investments will go to the main business branch of the Wine industry. Shen Wine produces exclusively expensive and the best quality of the wine.”
”Why not target more of the population?” Tyler interrupted her.
”The basic concept of supply and demand. Expensive and high-quality wine is always in demand across the world. There are many companies producing just wine, but not many who can measure up the wine that the Shen Wine industry can produce.”
Lena pointed to the screen using the laser pointer. ”And likewise, more supply of our valued wine will also degrade the price of it. Last year we released our first affordable wine brand and it has made a success. However, its overall profit was still not as great as the higher qualities one.”
She looked back at Tyler. ”Does that answer your question?”
Tyler smiled. ”Yes, but I have a concern. Just recently, the Shen company had a downfall in the production of their farms. The company will take a huge loss in production in the following years.”
”Your information is incorrect.” Lena did not take a breath to refute his statement. ”Our company only lost 1% of our plants from the disease that spread. The Shen company was the first to find the cure for it, allowing our loss to be very minimal compared to other companies.
We already patented the spray for the cure, making the companies buying a large sum of the spray product. Now the Western companies are recently hit with the same disease, which they are already ordering the sprays too. Our loss of product was minimal, our organic crops were not infected, and we even made a large profit from the disaster.”
”1% lost in production? But the spread of the disease must have affected the quality of the crops.” He stated.
”Yes. About 30% of our product was infected. Even if we stopped them from dying, their chemistry is different, which will make them unusable for our original brand of wine. However, from that, we discovered a new product that we can create from the infected crops.
And it will even be more exclusive and valuable since the microbe needed to create that recipe only thrive in Asia. This new wine cost a lot to make but it is also worth the price.”
”How do you know that it would successful already?” This time, it was COO Brown who asked.
”Becuase we always have the best recipes. Even with our affordable wine, it competed as the best lower price wine in its category of the competition. There has been no mark in our business history that the recipes we create were unsuccessful. Because this is fairly new though, we are not using investor's money. So you will be safe regardless”
Tyler looked at the data of the new wine expected profit. The estimated profit from it was high but its cost of production was indeed high too. If successful, it would positively impact the company. But if not, the company would lose a lot of money when it is released. Even if it does not directly impact the investor's money, it will still impact the company's reputation.
”I have looked at your company's last year profits and continuing income, but I can't see how you obtained the sudden cash to invest in this new recipe.”
Finally... Tyler asked a good question. Shen Mao was curious too. In all honesty, Henry and Lena were the ones in charge of this project. He had been passing major projects to Henry, training him for his promotion.
”People invest in our company, but we also invest too. Have you heard of Project Crystal?” Lena asked.
Both of the investors and their employees looked at Lena. Project Crystal was a successful hit all over the world. The Zhao company already released its first production of the technology but only with the government and private companies. Everyone knew that such technology would be life-changing and a profitable asset.
”Our company has 15% of the shares and our family have 10% more, a total of 25%, making us the second-largest shareholder of the company.”
Tyler's mouth dropped. How can the Shen family already have shares in the company when they just opened the company a week ago?! Even someone as prestigious as the Huang family were only able to get a mere 2% of shares.
Lena took that as her win. Seeing his startled face, Lena was already more proud of herself and her accomplishments. Even Shen Mao dropped his mouth.
He did not know that Lena was already growing up so fast and thinking about the future of the company. When did they start investing in Project Crystal and its company? He had not given Lena any money...
Lena went on and explained about the other companies and business that the Shen Company have. After a long conversation, COO Brown and Tyler were completely satisfied in their investments. COO Brown even offered to double their investment.
”Thank you for such an informative presentation. You have such a great daughter, CEO Shen. By any chance, is she engaged yet?” COO Brown asked.
Shen Mao chuckled and replied before Lena could say something. ”Not yet.”
”That's good.” Both COO Brown and Tyler spoke at the same time then glared at each other.
Lena felt like this whole meeting had turned into a meeting looking for a potential husband. See! This is why you need to go public with your relationship status! But she knew why they are keeping theirs on the down-low for a while. For now, Lena will take care of these men herself.