Chapter 79 Acquiring Shares by Providing Technology (2/2)

”But others have time, they can ask someone to promote the technology for them.” Wong Quan Long pushed his glasses up a bit. He just couldn't understand what these people were thinking.

”Bingo!” Chen Jin snapped his fingers and nodded. ”You're right, Chief Wong. I was thinking the same thing too. So...” His face was filled with much suspense and a bit of pride, as he smiled and said, ”After a series of intense discussion, I persuaded them to collaborate with me.”

Wow! Wang Quan Long suddenly turned his head and looked at him. He twitched his mouth, blinked, and asked curiously, ”Chief Chen, you guys… What's the actual collaboration plan?”

”Hahaha!” Smiling cockily, Chen Jin leaned back into the sofa chair, positioning himself more comfortably. Without much emotion he said, ”I bought the production technology of the two spare parts… with around a billion.”

Wang Quan Long was completely flabbergasted. He murmured, ”A billion… only a billion? For such a high-quality technology of the brushless motors and the moving parts of the mechanic arms? This…” He suddenly pounded on his chest violently. Looking up, he mourned, ”Why? Why can't I, Wong Quan Long, have such good things happen to me?” He looked at Chen Jin, with his red eyes filled with envy, jealousy, and bitterness.

After quite a while, Wong Quan Long adjusted his attitude, passionately served Chen Jin a cup of tea, and asked in a fawning smile, ”Chief Chen, about the two research institutes, can you introduce me to them? I would love to meet the experts there.”

Naturally, Chen Jin could tell nothing.

Wong Quan Long sighed. It's always good to have parents working for the government. The success earned by entrepreneurs like him, who could only strive hard on his own with no connections at all, was not even comparable to the success someone achieved by merely greeting and asking a favor in their social connections. Such constant comparisons were just pointless. Being envious was just a luxury to him.

Chen Jin, getting down to the business, introduced his proposal. ”Chief Wong, this is my thought. In order to completely tackle the supply problem of the brushless motors and the moving parts of the mechanic arms, I am planning to invest in two companies, which can specialize in manufacturing the two core parts. For the brushless motors, I plan to buy in the shares with the technology asset. I will acquire the shares of a company which has more exceptional ability in producing brushless motors so that they can quickly enhance the technology and manufacture electrical products that will compare to the Japan Yaskawa Electric's. There are very few companies that develop the moving parts of the mechanic arms, so we'll directly acquire one of them. Chief Wong, you'll be investing the money, while I will be responsible for providing the technology. Once the subsidiary is established, you and I will hold half of the company's shares respectively. Chief Wong, would you like to seize this opportunity?”

Chen Jin planned to acquire shares by providing technology to two companies that specialize in producing brushless motors and the moving parts of the mechanic arms. It was quite difficult for some people to understand why Chief Chen gave away the technology to acquire shares of others' companies. If he found two subsidiaries to manufacture the two core parts, he could earn all the money. How good was that? In fact, he did consider it, but discovered that it was not very practical.

First, establishing two subsidiaries from scratch would take up a lot of time and effort. A year would not necessarily be enough. They would be working like crazy every day. Second, the supply chain problem of the Ling Feng Jing Mi Company must be alleviated within two months! In these two months, Chen Jin had to sweat like a pig and carry 1.5 million sets of spare parts weighing seven to eight tons, from the Base of Operations to his Mercedes-Benz with the help of the simulated robots. If the pre-order of Wa-wah robots was opened again, the total sales might reach ten million. Then his career of being a porter would have to continue in the long run. How did he get the time to set up a subsidiary then?

The technology on Planet Haierfa was definitely advanced, yet if he had to carry everything from there to the earth to meet the industrial production demand, Chen Jin simply could not do it alone. For sure the best solution would be building a few capsule factories on the planet and get them to the earth for production. This would save part of the troubles. But the diameter of the planet portal was only a meter long, how could he get the capsule factory, which is as large as an intermodal container, to the earth? Therefore, providing technology to work with other companies seemed to be Chen Jin's only choice. Not to mention, this was also the choice to tackle the problem of efficiency.

After listening to Chen Jin's proposal, Wong Quan Long quickly stood up. ”Yes, I do!” Extremely grateful, he exclaimed, ”Chief Chen, the offer you are making now is like a pie from the sky. I will certainly grasp hold of it. Chief Chen, thank you for giving me this opportunity.” His slightly greasy face was very red. Over the moon, he incessantly bowed to Chen Jin and said, ”Chief Chen, all the best for our collaboration!”

Chief Chen stood up, putting forward his hand. ”All the best!”

The two hands were firmly held together.