134: Chapter 134 Investigation

Donghai City, Lingang District.

Junfeng Technology Co., Ltd. factory grounds.

Lin Junfeng sat in the conference room, watching the shareholders arguing fiercely. He didn't want to say a word, just quietly flipping through the documents in front of him.

This was the information his assistant had just compiled for him this morning.

Looking at the name on it, Lin Junfeng frowned slightly.

"Frontier Technology Co., Ltd., registered capital..." Lin Junfeng doubted he had misread it: "Registered capital of one million?"

This was a new company established less than two months ago with a registered capital of only one million?

Could such a company really have the ability to come up with 100 million to acquire his company?

Placing the documents back on the table, he reached out to summon his assistant.

"Secretary He, where are they?"

The female secretary checked the time and said: "It was an 8:00 AM flight, it should be landing soon."

Lin Junfeng nodded gently, his eyes sweeping over the arguing crowd, and raised his voice.

"Everyone, could you please be quiet for a moment."

The arguing shareholders slowly quieted down.

"I know everyone is very concerned about the divestment, but arguing like this won't lead to any results."

Lin Junfeng looked around the room. Seeing that everyone, though frowning, did not interrupt him, he nodded slightly and continued: "You all know the company's current situation, so I won't go into too much detail. According to the results of our previous discussions, we have decided to sell the company. The purpose of calling everyone here today is to discuss the inspection matters with the acquiring party."

"Mr. Lin, it's not that I look down on our company, but who would come to take over a hot potato?" A balding Middle-aged man among the shareholders sneered: "We all know the situation of our company. The debt alone has reached nearly 150 million. It can be said that the liabilities exceed the assets. Although under your requirement, Mr. Lin, there hasn't been a large number of employees leaving yet, and all departments remain intact, and wages haven't been delayed, but how long can this situation last? And who will be responsible for our capital losses?"

"That's right, Mr. Lin." Another female shareholder said: "We didn't want to invest in the new materials field in the first place. It was you who insisted that the new materials field had broad prospects, fast market growth, and rich profits, so we used our hard-earned money to support you. But Mr. Lin, no matter how rich the profits in the new materials field are, it can't withstand you expanding too recklessly and being impatient."

Seeing the shareholders echoing, Lin Junfeng showed a bitter smile.

"It's my fault for involving everyone." Lin Junfeng stood up and looked at the crowd: "I understand everyone's thoughts. The company was able to develop from a small new materials processing plant to what it is today, and you all played an indispensable role. Of course, all the blame for reaching this point lies with my own stubbornness. I am sorry to everyone for this."

"However, fellow shareholders, I still say this: no matter how bad the company's situation is, employees' wages must be paid as usual, and the company's equipment must be preserved intact. This is all our hard work over the past few years!"

"Those skilled workers would take an unknown amount of time to retrain; the equipment in the company has been continuously improved by technical workers and is all unique expertise; even the company's products were researched by technical staff day and night. We cannot just throw them away."

"A plastic manufacturer, talking so loftily." The balding Middle-aged man sneered slightly: "Mr. Lin, we are all tech-savvy now, don't try to fool us like we're the fools from five years ago."

"Five years ago you could talk about polymer materials in a flowery way because we didn't understand, but now we do!"

"But these have nothing to do with us. We have one demand now: the company must buy back our shares. If it can't, don't blame us for selling the shares to others."

Same scene, these shortsighted people.

Lin Junfeng felt a little regretful. Why did he choose such a group of people as his entrepreneurial partners in the first place? Without them holding him back, he might not have failed.

However, having said that, a penny can stump a hero. If he could have raised enough money five years ago, he wouldn't have had to humble himself before these people.

Starting a factory, making money, these were never his ideals. He had greater goals, but unfortunately...

"Director Wang is right." Lin Junfeng nodded: "Since things have come to this, let's talk about money."

"As I just said, I called everyone here today to discuss the acquisition inspection. If the inspection goes smoothly, the company will be sold soon, and then everyone's money won't be a problem."

"Acquiring party?" Director Wang sneered: "Is there one? Mr. Lin. Are there any acquiring parties that can accept the conditions you proposed? Did you hire actors from somewhere, Mr. Lin?"

Ignoring everyone's suspicious gazes, Lin Junfeng took a deep breath.

"Yes, and they have already arrived at the airport."

Meanwhile, in the production workshop.

young man wearing a hard hat and a mask walked into the raw material production workshop, which was filled with pungent odors. He walked up to a mold, looked at the displayed data, touched it with his hand, and then frowned.

He said to the worker operating nearby: "Who calibrated the equipment today?"

"It was Head Lin."

The worker was a young man in his twenties, curious: "What's wrong? Is there something wrong with the equipment?"

"We already discussed the mold temperature for PP materials last time. 65 degrees is optimal. Why didn't you listen? Touch it yourself, what is this temperature?"

The worker touched it blankly and immediately withdrew his hand.

"Probably nearly ninety degrees."

"At ninety degrees, PP material will warp and deform, the molecular structure will be defective, and the material strength will drop significantly. I've emphasized this so many times, but you never listen carefully. Redo this entire batch of products. Don't ruin the company's reputation."

young man said coldly.

The worker responded, turned off the machine, and waited for it to cool down to remove the mold.

After a while.

"Zhao Cheng."

young man, who was carefully checking other molds, replied: "What is it?"

"Why are you still so serious? The company has already been listed for sale, and now we are waiting for the acquiring party. Once the management changes, it's unclear whether we can even keep working here."

Zhao Cheng frowned: "Where did you hear that news?"

"Everyone is spreading it. Head Lin also went to inquire about the news. I heard that the bosses were having a meeting this morning, probably discussing this matter."

"What does this have to do with us?" Zhao Cheng lowered his head again, carefully checking the molds one by one, and said casually: "The company hasn't delayed your wages, and they haven't said they're shutting down or dissolving. Just keep working as usual."

As he spoke, he pointed to one of the molds.

"There is material residue here, it needs to be cleaned."

The worker who spoke went to clean it.

Zhao Cheng looked up, a trace of confusion flashing in his eyes.

...

At this time, Wang Shuo, who was on the plane, was also looking at the information prepared by Liu Yemei.

Beside him was Liu Yemei, in front and behind sat the Cheng Brothers, and further away were two plainclothes police officers.

A group of six, five men and one woman, this was the entire configuration of Wang Shuo's inspection team. As for the company, except for Xu Kexin who was watching the door, there was no one else.

Even repairing the door, Wang Shuo could only let Zero watch it.

Not enough manpower... Wang Shuo was somewhat thoughtful.

Liu Yemei was explaining.

"Junfeng Technology Co., Ltd., the legal representative is named Lin Junfeng. Online records show he is a local of Donghai City. The company was established five years ago, formerly known as Junfeng Polymer Chemical Plant, mainly focusing on new materials, specializing in the synthesis and customization of polymer new materials."

"Half a year ago, it was renamed Subspace Technology Co., Ltd., and at the same time, it added new business scopes such as microelectronics and electronic information technology, optoelectronics and mechatronics technology, medical Science and biomedical technology, and expanded the factory area."

"Currently, the factory covers an area of 100 mu, with a workshop area of 35,000 square meters. In terms of scale, it is not very large."

"There are 273 existing employees, two-thirds of whom are skilled technical workers, one-quarter are R&D personnel, and the rest are logistics and management personnel."

"That's basically it." Liu Yemei closed the folder, looked at Wang Shuo who was listening carefully, and said: "According to my analysis, Junfeng Technology Co., Ltd. has fallen into a serious financial crisis. Judging from the company's situation and the asking price, it shouldn't be that no one has responded to take over. So I speculate..."

Liu Yemei adjusted her glasses: "Certain people in this company have proposed strict restrictive conditions for the acquisition, which may involve post-acquisition operations and personnel management; the second is that there is a huge debt, or even liabilities exceeding assets."

"I'll leave these things to you to worry about." Wang Shuo leaned back on the seat, looking at the buildings slowly enlarging on the ground, listening to the prompt from the broadcast, and said lightly: "This time, we are mainly here to see the situation."

Liu Yemei twitched the corner of her mouth slightly.

For someone with only ten cents in their pocket, a one-dollar lollipop is indeed only worth looking at.

Hmm... also only worth looking at.