139: Chapter 139 Lin Junfeng's Methods (Part 2)

"Since this is a decision I made personally, and in light of everyone's care over the years, now that the company is about to go bankrupt, I can't just do nothing," Lin Junfeng said. "I will compensate everyone for their losses."

"How will you compensate us?"

A shareholder asked anxiously. Lin Junfeng's words just now had their hearts in their throats. If the company really went bankrupt, their earnings over the past two years would only break even with their costs, yielding no profit or loss, which was unacceptable to them. Now that a turning point had finally appeared, they couldn't help but pay close attention.

"I will proceed with the company's bankruptcy," Lin Junfeng said with a calm face, as if describing an irrelevant matter.

"However, before that, I will raise some funds to buy back everyone's shares. I'll buy back as much as I can. Once no more shareholders are willing to sell, we will proceed with the bankruptcy liquidation."

"This way, we can minimize the losses for everyone as much as possible."

"But you must understand, I cannot raise enough funds to buy back the shares of all shareholders. If I could, I would have let everyone divest their capital long ago."

"Therefore, I cannot buy back all of your shares, let alone buy them back at their original price. I hope you can understand this."

The shareholders nodded in understanding. This was also the core issue they had been arguing about. If Lin Junfeng could buy back all of their shares at the original price, this matter would have been resolved long ago.

"Now, those who are interested in having their shares bought back can go to Secretary He to sign the agreement."

As soon as he finished speaking, the entire room fell dead silent.

After dazing for a long moment, Old Yang was the first to step forward and sign the document presented by Secretary He.

"President Lin, I, Old Yang, believe in you. As long as you can give me seventy percent of the original price, I will be very satisfied."

Lin Junfeng nodded. Seventy percent was also his psychological bottom line.

If it were too high, the funds provided by Wang Shuo wouldn't be enough to complete the entire acquisition. If it were too low, it might provoke a rebellious attitude from the shareholders, causing the plan to fail.

With the first came the second, the third, all the way up to the twentieth.

By the time almost all the shareholders had made their choice, only Director Wang and a few others remained unsigned.

"What about you?"

Lin Junfeng looked at Director Wang and the others, asking calmly.

Director Wang showed a slight smile. "We choose to live and die with the company."

"Very well. Then let me announce the second matter."

Lin Junfeng pulled a USB flash drive out of his pocket and handed it to Secretary He.

"I have a file here that records in detail the amounts and dates of some of our shareholders' unauthorized misappropriation of company funds over the past few years. These must be reviewed by the shareholders' meeting before declaring bankruptcy, so that written documentation can be prepared and submitted to the relevant authorities."

"In addition, according to estimates, our company's current debt is around 150 million, while our assets are newly estimated at less than 100 million."

Lin Junfeng scanned the shareholders.

"In other words, the company still has a debt gap of fifty million."

"As a limited liability company, this gap originally had nothing to do with individuals. However, some people misappropriated company funds without authorization, causing the company to fail to operate normally. This is a serious violation. According to the law, this fifty-million-yuan debt gap will be covered by the personal assets of those individuals."

"Of course, the shareholders who have already chosen to have their shares bought back at a discount will not have to bear any repayment responsibility."

As soon as these words were spoken, a collective sigh of relief echoed through the room.

Director Wang's smile vanished. He stared at the USB flash drive in Secretary He's hand, and then looked at the expressionless Lin Junfeng.

"Can I see the contents?"

Seeing Lin Junfeng nod, Director Wang hurriedly followed Secretary He out of the meeting room.

No one in the room spoke for a moment. Even the four who stood together with Director Wang remained completely quiet.

Lin Junfeng glanced at the four of them.

Along with Director Wang, these five people had invested nearly twenty million yuan. Director Wang alone had invested eight million.

If he didn't deal with these five people, the acquisition task could not be completed. This was exactly why he had Secretary He dig up those records.

What was originally just a precautionary measure had now come in extremely handy.

Ten-odd minutes later, Director Wang walked back into the meeting room with a gloomy face. The other four cast inquiring looks at him.

Director Wang nodded slightly, and the faces of the other four instantly turned ashen.

"President Lin, brilliant move," Director Wang said in a dark tone. "I suppose you've been looking forward to this day for a long time."

Lin Junfeng ignored him and said calmly, "Make your choice."

"We admit defeat," Director Wang said coldly. "We choose to have our shares bought back at seventy percent."

"Seventy percent?" Lin Junfeng looked up. "Director Wang, you must be mistaken."

Lin Junfeng pointed at the others.

"They get seventy percent, but you... only get fifty percent!"

"Fifty percent?"

The other shareholders looked relieved, then watched the development of the situation with a hint of schadenfreude.

"Fifty percent?" The female shareholder who had been speaking earlier shrieked. "Lin Junfeng, don't go too far!"

"I said before that I don't have that much money, so it's first come, first served," Lin Junfeng said with cold eyes. "Don't tell me you weren't listening carefully."

"This..."

The female shareholder was momentarily at a loss for words. She had indeed heard it, but in that situation, who would have taken those words seriously?

"Fifty percent it is, then."

Director Wang walked straight up to Secretary He, took the document, and signed his name.

Although the female shareholder was unwilling, she could still distinguish what was more important.

Whether to walk away with half their investment or shell out another ten million to cover the company's deficit—any sane person would know how to choose.

The dust seemed to have settled.

"President Lin."

Director Wang was the last to leave. No longer bothering to pretend, he said coldly, "The world is round, and we'll meet again. We admit defeat this time, but President Lin, you'd better pray you never fall into our hands."

He then pushed open the door and left.

Only Lin Junfeng remained in the meeting room.

Looking at the stack of agreements in Secretary He's hands, he felt as if he were in a dream.

The dream he had harbored for two years was accomplished just like that?

All the company shares had been bought back, and it had only cost forty-two million yuan. Compared to sixty-six million, he had saved more than thirty percent.

Although he had accomplished all of this with his own hands, Lin Junfeng knew that the one who deserved the most credit was young man who had been calm, smiling, and barely speaking since they met.

If not for him, how could he have possibly found the determination to completely purge the company's cancer?

As for whether to join Frontier Technology Co., Ltd.?

Lin Junfeng smiled faintly.

The first task was complete. It was time for him... to report his progress to the boss.