novelbin Chapter 38 Arriving in Xin'an Overnight
Chapter 38 Arriving in Xin'an Overnight
Half an hour later, at around 16 PM, the senior management meeting...
In the main conference room of Henghui Group's headquarters, a long conference table was occupied by seventeen people, including members of Henghui Group's board of directors, the director of the technology center, and the general manager of the strategic investment department.
Jiang Yize sat in the main seat, Zhou Chengyue sat to his left, and Fang Liang, the group's president, sat to his right.
"Is everyone here?" Jiang Yize looked around.
"It's all done," Fang Liang said.
"Okay." Jiang Yize glanced at Zhou Chengyue. "You go ahead and speak."
Zhou Chengyue nodded and looked around at the attendees, saying, "Ladies and gentlemen, this afternoon, Li Bingqian, the general manager of Xin'an's business department, visited a local startup company called DeepBlue Technology. This company has developed a genetically engineered bacterium that can rapidly degrade plastics..."
He recounted each point in detail, and the attendees were repeatedly shocked throughout the process.
"What? It can completely degrade in as little as a week?"
"Are the products carbon dioxide and water?"
"This...this is unbelievable!"
"What did you say? The processing cost is only 30 yuan?"
"Truly unbelievable, utterly unbelievable!"
The conference room erupted in chaos; everyone was stunned.
The strategic investment manager at the meeting was the first to speak: "That's impossible. I've been investing in environmental protection for over ten years and have seen many technologies that claim to be able to degrade plastics, but none of them can actually be industrialized."
Zhou Chengyue said, "It's normal to have doubts, but I believe Li Bingqian wouldn't joke about the company headquarters. We'll know if it's true or not by sending someone to Xin'an to verify."
Everyone nodded in agreement. They thought it made sense; if it was fake, it would be exposed immediately, and there was no reason to make a fake.
Fang Liang turned to Jiang Yize: "Chairman, what's your opinion?"
Jiang Yize didn't answer directly, but instead asked Zhou Chengyue, "What's the background of DeepBlue Technology?"
Upon hearing this, Zhou Chengyue replied, "According to the faxed information sent by Li Bingqian, DeepBlue Technology is registered in Xin'an City, was founded in 2010, and its founder is Lin Chuan. This is their company's first project."
Li Bingqian obviously couldn't find DeepBlue Technology's military project, and he certainly couldn't find it, as the project is currently classified as top secret.
Upon hearing this, everyone present was taken aback.
"Only established for a year?"
"To be precise, it's still a few months away from the one-year anniversary," Zhou Chengyue corrected, then added, "According to the data, this is his second venture. Lin Chuan graduated from a top-tier university in mainland China in 2007, earning his doctorate at just 22 years old. In the same year, he founded Skyworth Technology, which became profitable in just a year and a half..."
Those present listened to Lin Chuan's resume information and couldn't help but glance at him.
"He is indeed a talented person, graduating with a doctorate at the age of 22."
"So, he's only 26 years old this year at most. Can you believe the things he can make at such a young age?"
"Age is not a problem," Zhou Chengyue said. "The key is the technology itself."
At this moment, Fang Liang, who was present, spoke up: "Regardless of whether this technology is real or fake, or how much hype it has, we must take it seriously. Before it's verified, we must treat it as if it were real. If it's fake, we won't suffer any loss, but if it's real..."
Zhou Chengyue chimed in, "If it's true, and we fail to take it down, Henghui will be severely damaged even if it doesn't go bankrupt."
The expressions of everyone present immediately turned serious, and they all nodded secretly.
At this moment, Jiang Yize said, "Let's discuss how to handle this matter."
The executives present all chimed in with their comments.
After a moment, Zhou Chengyue said, "I have three plans. What do you all think?"
Everyone turned to look at him.
Zhou Chengyue calmly said, "The first option is to acquire DeepBlue Technology. We will make a direct offer to buy the entire company. As long as Lin Chuan is willing to sell the company, we can agree to three or five times or even more of the market valuation. This is the most advantageous option for us."
Fang Liang shook his head and said, "If DeepBlue Technology really had this technology, the founder wouldn't sell it unless he was stupid. If you were in his shoes, would you sell it?"
Zhou Chengyue nodded: "We can give it a try, but we shouldn't have high hopes. So we have a second option: strategic investment. We'll invest money to acquire shares in DeepBlue Technology, which will allow us to share in their technological achievements without affecting their independence."
"That does have some merit," another attendee said. "But the key question is, are they willing to let us invest?"
"So there's a third option," Zhou Chengyue continued. "If the first two don't work, then we can have a deep strategic partnership. We'll provide the application scenarios and market channels, and they'll provide the technology. We can share profits, or we can establish a joint venture."
The group discussed Zhou Chengyue's three proposals and found them feasible, suggesting they could discuss each one with DeepBlue Technology.
Finally, everyone present looked at the chairman, awaiting his decision.
Jiang Yize said in a deep voice, "Okay, let's talk to them one by one according to this strategy. Lao Zhou, you go to Xin'an in person today."
Zhou Chengyue nodded: "Understood."
Jiang Yize continued, "We will immediately begin due diligence on DeepBlue Technology, including its equity structure, financial status, core team background, and intellectual property rights."
After making the arrangements, Jiang Yize looked around at everyone and said, "From now on, I will personally oversee this matter. Report any progress to me immediately, and do not disclose any information to the outside world before it is accomplished."
If our competitors find out about this, they will definitely act quickly, which will introduce more variables.
Meeting adjourned.
……
The next day, the weather in Xin'an City cleared up.
Lin Chuan had received a call from Li Bingqian, informing him that Henghui Group headquarters had sent a senior vice president to meet with him in the afternoon.
At around 16 p.m. that day, Zhou Chengyue arrived at DeepBlue Technology on time.
He was followed by three people, including Li Bingqian.
At this moment, Lin Chuan led them to the company's reception room.
Shen Yuxin had already brewed tea in the reception room. Everyone entered the reception room, and after taking their seats, the opening greetings were inevitable.
But it didn't last long, and soon we got down to business.
"President Lin."
Zhou Chengyue looked at Lin Chuan and said, "Henghui is very interested in your project. After Lao Li went back yesterday, he gave a detailed report to the headquarters. Our company attaches great importance to this. The chairman listened to the report personally and decided on the spot to have me fly over overnight."
Lin Chuan: "Thank you for Henghui's attention."
Zhou Chengyue picked up the teacup, took a sip, and put it down.
He crossed his hands on his knees, looked at Lin Chuan and said, "President Lin, I won't beat around the bush. I represent Henghui and have brought our full sincerity, hoping to reach an agreement on the acquisition of DeepBlue Technology."
……