Who would still start a business seriously after being reborn?

Chapter 506 Performing a Double Act

Faced with attacks from the media, Chen Zhi began to fight back one by one.

Both sides have their own reasons and arguments.

This kind of thing is inherently a matter of wrangling and bickering.

Furthermore, with the involvement of the state-owned Rongcheng Venture Capital in Lianjiang Group, even though Zhao He has been constantly exaggerating the news of Lianjiang Group's poor management and near-collapse of its capital chain, it has not had much deterrent effect on ordinary users.

With Rongcheng Venture Capital backing it up, if Lianjiang Group can run away, can Rongcheng Venture Capital really run away?

Zhao He's attempt to win over Rongcheng Venture Capital was originally intended to gain more resources and leverage in Rongcheng. However, it now appears that this move has become a double-edged sword.

Even with a 30% discount, recharge cards remain stubbornly expensive.

If this continues, we'll end up like Goose City.

This prepayment will be due ten years from now.

If everyone has a bunch of 30% off recharge cards, and they take over Lianjiang Group in the future, wouldn't that be like helping that bastard Chen Zhi slowly pay off his debts?
If these 30% off recharge cards aren't used up, then no new recharges will be available.

Despite his headache, Zhao He couldn't back down after fighting for so long.

The two sides argued back and forth for half a month. Zhao He and Chen Zhi were full of energy and kept at odds, but Rongcheng Venture Capital couldn't hold on any longer.

Of the 38% stake held by Zhao He's camp, Rongcheng Venture Capital owns 15%.

After all, they are state-owned enterprises. The fact that Lianjiang Group has reached this point is a clear case of the loss of state-owned assets.

Knowing that it was consistently losing money, why didn't Rongcheng Venture Capital leave?
If they don't leave soon, their supervisor will have to go first.

On May 19, Rongcheng Venture Capital finally couldn't hold on any longer and announced the transfer of its shares and exit.

They sold 15% of their shares to Zhao He at a low price, officially withdrawing from the market.

With this one transaction, they suffered a net loss of over 300 million.

Chen Zhi's move was the most brutal poison pill plan.

The enemy suffers a thousand losses while you also suffer eight hundred; at this point, many small and medium-sized shareholders in Chen Zhi's camp also began to waver.

They joined Lianjiang Group to make money, not to lose money.

The atmosphere inside the conference room at the headquarters of Lianjiang Group became extremely tense.

Faced with huge losses and a torrent of negative public opinion, many shareholders criticized Chen Zhi's actions.

"President Chen, look what you've done!" A shareholder slammed his fist on the table and shouted angrily, "If this continues, you'll drag the company down, and all our hard work will be wasted!"

Chen Zhi slowly raised his head, his gaze shooting towards the shareholder like lightning.

Meeting Chen Zhi's gaze, the shareholder's voice became slightly softer.

Chen Zhi's voice was low and hoarse as he said, "I've told you before, I will absolutely not let you lose a single penny. I hope you will wait a little longer."

“Wait? If we wait any longer, we’ll be starving.” Another shareholder stepped forward and said.

Chen Zhi looked around the room and said, word by word, "I know many of you think I'm making a futile struggle. Yes, I am struggling, but I'm not struggling for myself. I'm struggling for all the brothers who are still holding on. As long as you believe in me, just wait another half month."

Chen Zhi's words, though forceful, were also filled with a sense of tragedy.

Some shareholders who were initially wavering also revealed complex emotions in their eyes.

The meeting ended in a bad mood.

Chen Zhi was left alone in the empty conference room, the afterglow of the setting sun casting a long shadow of him through the floor-to-ceiling windows.

He lit a cigarette, took a deep drag, and amidst the swirling smoke, his eyes became unusually calm.

He took out his phone, dialed Cheng Yi's number, and said, "Cheng Yi, I want to end this matter. Many shareholders couldn't withstand the pressure and sold their shares to Zhao He at a low price. Now Zhao He's shares have reached 41%."

On the other end of the phone, Cheng Yi's voice came through: "Then let's take action. Stick to the price of 20 billion. Tell Zhao He that if he is unwilling to take over, then you should sell the shares to our Momo Group. If he doesn't believe you, call me in front of him."

"Okay, thanks." Chen Zhi hung up the phone and stubbed out his cigarette in the ashtray.

He looked out the window at the city of Fuzhou, where the city lights were just coming on, and the last trace of lingering affection in his eyes was replaced by a cold and resolute determination.

It's time for closure.

Two days later, an explosive piece of news once again shook the entire business district.

After a fierce price war and media battle, Chen Zhi, the exhausted general manager of Lianjiang Group, in order to avoid the complete collapse of the company and protect the interests of employees and shareholders, finally chose to have a final negotiation with Zhao He's side.

The negotiations were held in the presidential suite of a top-tier hotel.

Zhao Hezhi was smug, with a smug smile on his face.

Chen Zhi, on the other hand, was alone with his legal advisor.

"Young Master Chen, you've caused the Lianjiang Group to fall into disarray and its revenue to plummet. For your 42% stake, I'll offer a maximum of 11 billion." Although Zhao He was smiling, he secretly wished he could kill Chen Zhi.

"I said, the bottom line is 20 billion." Chen Zhi's tone was resolute.

Zhao He shook his head and said, "The shareholders in your camp sold me 2% of the shares, and I only paid 4100 million. I'm offering you 11 billion, which is already overpaying."

Zhao He looked at Chen Zhi and said, "You made this mess yourself, so you can't expect me to pay for it, can you?"

When he said these words, Zhao He's smile was slightly distorted.

Lianjiang Group is indeed in a mess now. In just one month, the amount of money recharged at a 30% discount reached 900 million yuan.

These are all recharges at a 30% discount, so they are operating at a complete loss. At the current rate of consumption by Lianjiang Group, it would take at least 16 months to fully digest the 900 million yuan in recharges.

This means that they were operating at a loss for the next 16 months.

So when Chen Zhi suggested negotiations, Zhao He immediately agreed.

He absolutely had to take down Lianjiang Group, because it was a death order from the forces behind him.

Negotiating early can help minimize losses.

If the 30% discount on top-ups continues for three months, what's the point of them taking it over?
Chen Zhi smiled, stood up, and said, "Then let's not talk about it."

He took out his phone and said to Zhao He, "Momo Group actually talked to me. They offered 19 billion, but Cheng Yi and I had a feud in Jingzhou City, and I didn't want to get too involved with them. Since you want to take advantage of my misfortune, then we don't need to talk anymore. I'll contact Momo Group now."

Chen Zhi turned on speakerphone, dialed Cheng Yi's number, and said, "President Cheng, can we sign the contract immediately regarding the acquisition plan you mentioned last time?"

"You've finally thought it through? Chen Zhi, a wise man submits to circumstances. Don't worry, sell me your shares, and I'll take care of that Zhao guy for you." Cheng Yi's hearty laughter rang out on the phone.

Chen Zhi said, "Okay, now our shareholding has changed from 44% to 42%, but the acquisition price of 19 billion remains unchanged. If you can accept that, then come and sign the contract."

"No problem, Momo Group won't mind that 2%. I'll send our CFO to lead a team over right away." Cheng Yi said and then hung up the phone.

After listening to the phone call, Zhao He felt a chill run down his spine.

Momo Group, that's the internet cafe industry giant that forced Microsoft to sign a ceasefire agreement.

If Momo Group gets involved, how can he continue this charade?
Even if Microsoft gives it its all, even if it wins in the end, can Lianjiang Group still use it?

Chen Zhi alone has already given Lianjiang Group a lot of trouble; if Momo Group gets involved as well…

Zhao He didn't dare to think any further. He slowly stood up and smiled, "Brother Chen, the Momo Group is very ruthless. They might not be able to pay the money they promised you. Let's just do as you said, 20 billion, deal!"

Chen Zhi glanced at Zhao He expressionlessly, took the thick transfer agreement from the legal representative, slowly pushed it in front of Zhao He, and said, "Sign it."

Chen Zhi's voice was flat, as if he were just doing a trivial matter unrelated to himself, as he said, "The money must be in the account today."

"Okay." At this moment, Zhao He's heart felt like it was bleeding.

He carefully reviewed the core terms of the agreement, and after confirming that the share transfer ratio and amount were correct, he picked up a pen and signed his name on the agreement.

Chen Zhi also signed the document without any expression.

When he finished the last stroke, it was as if he had used up all his strength. His slightly trembling fingers revealed his state of mind at that moment.

Their family's ten years of hard work have come to an end.

"It's a pleasure to cooperate with you, Mr. Zhao." Chen Zhi quickly composed himself, stood up, extended his hand to Zhao He, and said, "I hope you can manage Lianjiang Group well."

Zhao He simply shook hands with Chen Zhi without saying a word.

Chen Zhi withdrew his hand, said no more, and turned to leave the conference room with his legal team.

As Chen Zhi stepped out of the room, he whispered to the legal counsel beside him, "Deliver the gift I prepared to President Zhao's office first thing tomorrow morning."

"Yes!" the legal representative quickly replied.

The next day, as soon as Zhao He stepped into the office of the chairman of Lianjiang Group, which he had always dreamed of, he saw a document on the table.

Upon closer inspection, he saw that it was a confirmation letter from Momo Group regarding adjustments to the channel revenue sharing ratio.

Zhao He picked up the confirmation letter with a puzzled look. When he saw the glaring 70% profit-sharing ratio, the smile on his face instantly froze, and then turned ashen.

He grabbed the document abruptly, his hands trembling violently with anger.

"70%? Chen Zhi! You fucking tricked me!!!" Zhao He's roar echoed throughout the entire floor.

He tore the document to shreds in an instant, his chest heaving violently.

This means that for every 100 yuan earned by all the internet cafes under the Lianjiang Group, 70 yuan would be given to the Momo Group for free.

Momo Group can sit back and suck up most of Lianjiang Internet Cafe's profits without doing anything.

20 billion!
He spent a whopping 20 billion!
He thought about yesterday's negotiations and finally realized that Chen Zhi and Cheng Yi were putting on a show.

Grief, humiliation, and the anger of being fooled instantly overwhelmed Zhao He's reason.

He frantically dialed Chen Zhi's number, but all he got in response was a cold, switched-off message.

Zhao He slumped into the large executive chair, covering his face with his hands.

Before long, a beast-like growl could be heard coming from his office.

Outside the window, the sky over Fuzhou remained clear, but Zhao He's world had already crumbled.

His self-righteous victory quickly turned into a huge joke.

At this moment, Chen Zhi arrived at the Momo Technology Industrial Park alone.

He didn't call Cheng Yi beforehand. As he got out of the taxi, a light drizzle began to fall.

"This should be the last spring rain of the year, right?" Chen Zhi looked up, a hint of confusion in his eyes.

He walked without an umbrella in the light drizzle, as if trying to wash away the gloom in his heart.

He walked all the way to the original building of Momo Group, and looking at the long-abandoned Momo Building, his eyes couldn't help but feel a little dazed.

When he left Jingzhou City, he stayed here for a long time.

Now, revisiting this place, I find my feelings are remarkably similar on both occasions.

The first time he came here, he was defeated by Cheng Yi and left the management of Lianjiang Group in disappointment.

The second time he came here, he was a member of the Lianjiang Group's management team, and he saw the Lianjiang Group off on its final journey.

This once bustling street has become desolate due to the completion of the Momo Technology Industrial Park, with a large "Demolish" sign posted on the door of every shop.

Chen Zhiheng crossed the street and arrived at the magnificent entrance of the Momo Technology Industrial Park.

He stopped in his tracks, gazing at the technologically advanced and modern CBD and business center.

A man standing in the rain, gazing at the Momo Technology Industrial Park, already looked somewhat out of place.

His unusual behavior immediately attracted the attention of the security guards in the security room.

"What does this guy do? He looks kind of familiar." The two security guards sized up Chen Zhi from a distance.

At this moment, the head of the security department of Momo Technology Industrial Park sat up from the recliner. He glanced out the window and immediately frowned.

After a long pause, the head of the security department's expression changed drastically, and he exclaimed, "Holy crap, isn't this our Momo Group's arch-rival?"

"A mortal enemy?" The two security guards also scrutinized him carefully.

Soon, a security guard exclaimed, "Holy crap, he's Chen Zhi from Tianqin Internet Cafe!"

"That's right! That kid actually came back. He almost wiped us out back then."

"Report to the group immediately!"

The security room immediately became lively.

Those qualified to work in the security department of Momo Technology Industrial Park were among the earliest security guards from Black Panther Company.

They witnessed the rise of Momo Group from nothing to something. Although their individual abilities were average, they were veterans after all, and the benefits they enjoyed far exceeded those of ordinary security personnel.

Chen Zhi was the first big boss that Momo Group came into contact with. The earliest members of Momo Group still have a vivid memory of Chen Zhi's appearance.

They quickly reported Chen Zhi's arrival to the group.

Cheng Yi was slightly surprised to learn that Chen Zhi was coming. He called Chen Zhi, but the phone was switched off.

He had no choice but to grab an umbrella and run quickly to the entrance of the industrial park.

As soon as he reached the door, several elderly security guards immediately followed him to prevent Chen Zhi from suddenly rushing over and giving Cheng Yi a few hard blows.

Cheng Yi, holding an umbrella, laughed and said, "Why didn't you tell me you were coming?"

"I forgot," Chen Zhi replied.

"What would you like to eat?" Cheng Yi asked with a smile.

Chen Zhi said calmly, "Either is fine."

Cheng Yi glanced at the time and said, "Let's go, I'll treat you to hot pot, and I'll help you get rid of the cold."

"Okay." Chen Zhi did not refuse.

(End of this chapter)