138: Chapter 138 Lin Junfeng's Methods (Part 1)

In another conference room on the second floor of Junfeng Technology Co., Ltd.

The shareholders were gathered here, waiting for the final outcome of the acquisition.

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"Director Wang, what do you think the outcome will be this time?"

"What else could it be?" Director Wang smiled. "There's a high probability it will fail."

"If it fails, what will happen to our money?" the shareholder who asked was full of worry.

"What are you afraid of?" Director Wang glanced over, not worried at all. "If the sky falls, we'll all hold it up together. If your money is up in the air, is it like we'll be able to get ours?"

Speaking of this, his tone softened slightly. "I say, Old Yang, just watch. Lin Junfeng's only final choice is Maple Leaf Capital. And only Maple Leaf Capital's price can allow him to start anew and bring his company back from the dead."

"You know President Lin's temper." Old Yang, however, could not bring himself to be happy. "I'm just afraid that in a moment of desperation, he'll directly file for bankruptcy. That would be terrible."

"Bankruptcy?"

Before Director Wang could speak, another person next to him laughed.

"If he could have filed for bankruptcy, he would have done so long ago. Would Lin Junfeng have held out until now?"

Director Wang laughed as well. "If you understood Lin Junfeng, you wouldn't say such things. This factory is his lifeblood. Otherwise, he wouldn't have proposed such ridiculous conditions."

"Besides, even if he files for bankruptcy, Lin Junfeng will be the one suffering the greatest loss. What are you afraid of?"

His words drew bursts of laughter from everyone.

Looking at the laughing crowd, Old Yang sighed. "I hope so."

Half an hour later, the door to the conference room opened.

Lin Junfeng walked in with a dark expression and sat in the head seat.

"Everyone, the negotiations have failed," Lin Junfeng said in a low voice. "Frontier Technology Co., Ltd. has abandoned the acquisition."

Director Wang and the others were not surprised; instead, a hint of a smile appeared on their faces.

Failure was normal. It would have been fishy if it hadn't failed.

Only with more failures would they have the chance to get more money.

Lin Junfeng was simply too stubborn, holding onto everything in the company by relying on his status as the controlling shareholder. Otherwise, why would it have come to this?

Lin Junfeng raised his head, swept his gaze over everyone present, and continued, "Everyone, speak up. How should the company proceed next? Should we continue to seek a sale, or maintain the status quo and wait for a turning point?"

"A turning point?"

"Where would a turning point come from?"

"Would it fall from the sky? Even if it did, given the company's current situation, we wouldn't be able to catch it."

"President Lin," Director Wang spoke up at the right moment. "The opinion of all of us shareholders is still the same as before. We only want money. All other matters of the company will be decided by President Lin."

"Money is the biggest problem right now!" Lin Junfeng's voice grew louder, sounding somewhat agitated. "If I had fifty million right now, I would have the confidence to bring the company back to life!"

Director Wang curled his lip and did not respond.

The others also turned their heads away, seemingly lost in thought.

"President Lin, don't make things difficult for us either."

The female director who spoke earlier said, "Everyone is clear about the current situation. No matter how much money is given to you, it's impossible for the company to recover. What's more, we've invested so much of our savings into this company over the years. We really can't produce any more money now."

As soon as she finished speaking, the shareholders chimed in one after another, as if they had already shed blood and sweat for the company and exhausted all their energy.

Lin Junfeng saw all of this and agreed even more with what Wang Shuo had said.

He knew that over the past few years, his annual dividends had never been delayed, and the amounts were only ever more, never less. The people in front of him had long since recovered all their costs. Saying these things now was nothing more than forcing him to take a stand.

Although he had already seen through these people's true colors over the past few months, seeing the same scene again still made Lin Junfeng feel a slight chill in his heart.

"Dear shareholders," Lin Junfeng slightly closed his eyes. "Can you really bear to watch our hard work go down the drain? As long as the factory can turn around, I can guarantee that everyone's dividends will be the same as before, or even more."

"I only ask for fifty million. Just fifty million. Each of you only needs to bring out two million."

"Two million shouldn't be a large sum for everyone sitting here, right?"

It indeed was not a large sum, and for some, it wasn't even worth mentioning. But why should they give it to him?

Director Wang and the others snorted in disdain. This company was clearly beyond saving. Throwing money into it at this point would be the height of foolishness.

If word got out, they would be laughed at by their peers.

They had finally enjoyed the company's two most prosperous years without being foolish enough to reinvest their dividends. Now, they had basically recovered all their costs and even made a small profit. They were just waiting for this factory to be sold so they could pocket the net profit.

"At a time like this, you still want us to invest money? What are you thinking?"

No one responded. Even though a few shareholders wanted to agree, they looked at the situation and closed their mouths, choosing not to take a stand.

Lin Junfeng looked at the silent scene, and the last sliver of hope in his heart was shattered.

Forget it, it was time to eradicate these tumors.

With that thing Wang Shuo had given him, combined with his own sales channels, he had the confidence to make the company even more brilliant.

These people had missed their last chance to get on board.

"If that's the case..."

Lin Junfeng fell silent for a moment. "Then we can only choose the most helpless option. Secretary He!"

Secretary He pushed the door open and walked in.

"Go and write a bankruptcy announcement, then make a trip to the municipal center. We are..." Lin Junfeng gritted his teeth, "filing for bankruptcy!"

"Filing for bankruptcy?"

The shareholders instantly erupted into a frenzy.

Old Yang was even more anxious. "President Lin, why are we suddenly filing for bankruptcy? We can still look for other buyers, or find financing!"

"It's useless," Lin Junfeng shook his head. "There are no buyers, no financing. It's over."

"President Lin," Director Wang was one of the few who did not lose their composure. He crossed his arms, remaining unfazed. "Stop playing the bitter drama card with us here. None of us are three-year-old children; we won't fall for it."

"If you ask me, you might as well accept Maple Leaf Capital's offer. One hundred and seventy million, with a promise to repay all external debts. No one else can offer these conditions; they are the only one."

"Once we get this money, not only will we have more than enough, but you'll also be able to keep a large sum for yourself. Why not do it?"

"I am the controlling shareholder, and I have the final say in this company," Lin Junfeng said calmly. Since he had decided to fall out with them, there was no need to remain polite. "I can choose to let everyone withdraw their capital with dignity, or I can choose to leave everyone with absolutely nothing."

"Now, I choose the latter."

"Director Wang was somewhat stunned. This was completely harming others without benefiting himself."

"Why? Just because of your ridiculous persistence? Because of your persistence, how much money have we, the shareholders, thrown away? How much revenue have we lost?"

"Besides, if you don't like Maple Leaf Capital, there's still Chuangfeng Company and Zhenguo Heavy Industries. These are first-tier domestic companies with immense strength. They wouldn't tarnish our company's reputation."

Lin Junfeng ignored Director Wang and swept his gaze across the shareholders.

"I have already decided on this matter. There is no need for further discussion."

The clamor among the crowd grew louder, and Director Wang's face turned grim as well. He hadn't expected Lin Junfeng to actually smash the pot because it was cracked. Judging by his attitude, the bankruptcy was highly likely to be real. Otherwise, Lin Junfeng wouldn't have ignored his feelings in front of so many shareholders. No matter how bad the situation had been before, Lin Junfeng had always given these shareholders plenty of face, precisely because he was afraid of angering them.

As long as they didn't fork out money, the worst-case scenario was that everyone would go down together.

But then again, they could choose the tactic of "not giving money and everyone goes down," but he couldn't choose the method of "not wanting money and everyone goes down"! This was the difference between being active and passive; it was a psychological battle!