787 Interfering the Acquisition (1/2)
Shenzhen, SF Express headquarters.
Sitting at the desk, Wang Wei meticulously read the files on the table.
As the president of SF Express Group, Wang Wei, was as legendary as the company he led. He was only 22 years old. With a start-up capital of only 100,000 CNY, he had grown from a startup company with a total of six people to SF Group with a market value of over ten billion dollar today.
Even Jack Ma expressed deep admiration for him.
However, today he was obviously a little absent-minded. This situation was very rare. He put the pen aside and rubbed his sour brows.
Recalling the past, the last time he experienced this kind of anxiety was still in 2002.
At that time, SF faced a severe test of the right to retrieve power from franchisees. If successful, SF Express would become the first logistics company to get rid of the affiliate system and achieve direct management of the company's network.
There was no doubt that this attracted the interest of the franchisees. However, in the process of retrieving power, Wang Wei had a tough stance and he even made it clear that by the deadline, they either had to sell the company's shares to him or leave SF.
It was because of this tough attitude that brought Wang Wei death threats. Some franchisees actually put a bounty to hunt Wang Wei. This incident left a deep scar in his life - even today, he always had 4-6 bodyguards with him.
At this time, his subordinate Li Dongqi pushed open the door and swiftly walked in.
Wang Wei didn't blame him for not knocking on the door but hurriedly asked, ”Did Future Group agree?”
Li Dong had a bitter smile and shook his head.
”No, they gave me the impression that their ambitions for this market aren't small.”
Wang Wei didn't seem surprised by the answer.
With the control of VRstore that generated a huge amount of traffic, Future Group even possessed the momentum to command the field of e-commerce. Now, many people developed the habit of experiencing the virtual yet realistic shopping experience, including Wang Wei himself. Every time he put on a helmet, he couldn't help but admire the ingenuity of the VRstore designer.
...
With such a unique advantage, it would be strange if Jiang Chen wasn't interested in logistics.
After a few moments of deliberating, Wang Wei said, ”Tomorrow I'll personally visit Xin. If I can meet Jiang Chen, I'll convince him in person.”
”No, he'll probably be here by tomorrow.” Li Dongqi sighed.
Wang Wei took a moment to process before his eyebrows twisted together.
This was a bit difficult to handle now.
While SF felt difficulty in making progress, Jiang Chen also felt resistance. Otherwise, he wouldn't make a personal trip here.
The company selected by Xia Shiyu was STO, and for the 11% premium offered by Future Group, the proposal to purchase 51% of STO's shares for 1.7 billion US Dollar received satisfaction from several major shareholders.
Future Group wanted to invest in STO. That was a good thing! Even if it was based on its resources in the VRstore that could favor STO even by the slightest margin, their shares would more than double the current value, not to mention Future Group also purchased at an 11% premium!
As long as they gave up a portion of the stocks, the rest of the stock could be more valuable. It would be foolish to reject such an offer.
However, they encountered resistance in the last stage of the acquisition.
As soon as he was about to sign, the original shareholders who agreed to sell their shares changed their positions and refused to sell their shares. No matter how Future Group persuaded them, they seemed to have their minds made up.
Future Group inquired for the rationale and they discovered it wasn't the shareholders, but it was the government that began to intervene.
This caught Jiang Chen off-guard, but when Shi Xiyu heard the news, it didn't seem to surprise her. Find authorized novels in Webnovel，faster updates, better experience，Please clickfor visiting.