207: Chapter 206 The Chen Group, Defeated!

Beijing.

The Chen Group Huaxia Headquarters building.

Inside the conference room, the atmosphere was heavy.

Both sides of the massive oval conference table were already full of people.

Seated in the middle position on the right was a Middle-aged man, his hair jet-black and shiny, his deliberately grown beard groomed meticulously; he looked very refined and sophisticated.

At this moment, he glanced at his wristwatch, his brows furrowing slightly.

"Director Chen." young man sitting next to him spoke up at the right moment: "It is already 9:40 AM. May I ask where your group's Chairman Chen Zhongxuan, as well as the other member of the Board of Directors, Chen Yuqiong, are at the moment?"

"I apologize, our Chairman is already on his way. I ask that everyone please wait patiently for a little while."

"Wait patiently?" young man frowned slightly: "Director Chen, our President Feng and the members of the Board of Directors have been waiting here for over half an hour, and we have yet to see your group's decision-maker. This is hardly the way to treat guests."

"Or could it be... that the Chen Group is now confident enough to overcome its predicament and no longer looks highly upon us at Maple Leaf Capital?"

How was he supposed to respond to that?

Director Chen Yuren looked at the Middle-aged man sitting next to young man, who had his eyes slightly closed, and sighed inwardly.

He couldn't understand why his usually steady brother-in-law would be so impolite this time—at such an important investment meeting, nothing was more impolite than being late.

Just as he was about to speak, a hearty laugh suddenly came from behind him.

Director Chen Yuren turned his head in pleasant surprise and, sure enough, saw Chen Zhongxuan stride through the conference room door and walk to his side.

Nodding slightly to the pleasantly surprised Director Chen Yuren, Chen Zhongxuan laughed heartily: "Maple Leaf Capital is one of the world's top venture capital firms, holding trillions in funds and countless capital. We at the Chen Group are just a small company; how could we possibly not look highly upon Maple? It is just that there have been too many things going on in the group these past few days, leaving me overwhelmed, and I got caught up in it all. I have neglected you all."

young man sneered and wanted to speak, but was stopped by the Middle-aged man beside him.

"Since Chairman Chen has arrived, we need not waste any more time. Let's officially begin today's meeting." The Middle-aged man's voice was flat, but his tone was unquestionable: "The first item is the final confirmation of the gambling agreement between your group and Qianhuan Group. Does your group have anything to clarify?"

"No." Chen Zhongxuan shook his head slightly.

"Very well." The Middle-aged man nodded slightly, his expression unchanged, and signaled to young man beside him.

"Then let me explain the contents of the gambling agreement." young man began.

"According to the agreement, Qianhuan Group will provide 10 billion in funds to acquire a stake in the Chen Group, holding 3.5% of both decision-making shares and dividend shares. However, the premise is that after receiving the investment, the Chen Group must increase its Science and Technology Innovation Board stock by more than 50% within half a year from the time the contract was signed, and the total stock valuation of the Chen Group must reach over 120 billion. At the same time, the Chen Group's net assets must exceed 45 billion RMB."

"If the above conditions cannot be met, the Chen Group must give up 25% of its decision-making shares and dividend shares in exchange for the 10 billion investment. At the same time, to ensure the reasonable use of funds, Qianhuan Group must appoint professional regulatory personnel to be stationed at the Chen Group to be responsible for monitoring the flow of funds."

"Secondly, the Chen Group must make a guarantee to Qianhuan Group regarding the group's current mainstream research direction. To ensure that Qianhuan Group's interests are not harmed, the Chen Group needs to launch at least one mainstream device within thirty days that reaches a first-class performance level. If this cannot be achieved, the Chen Group must pay Qianhuan Group a security deposit of at least 2 billion, or provide 5% of shares as compensation."

"Finally, if during the fulfillment of the above agreement, either party terminates the agreement early for reasons other than force majeure or breaches the contract, they must pay the other party a penalty of 50% of the base investment amount. If it is the Chen Group that breaches the contract, in addition to paying the penalty, they must also return the full investment amount and the dividends during the investment period."

"Those are the main terms." young man closed the document again, signaling that he had finished speaking.

"Chairman Chen, you do not deny the contents of the agreement above, do you?" The Middle-aged man's voice was bland.

"I do not." Chen Zhongxuan continued to shake his head.

Director Chen Yuren sighed slightly.

This was the gambling agreement, a gambling agreement that was extremely unfavorable to his own group.

If the above conditions could not be met, then what the Chen Group would have to pay would be several times more than what it received, including shares, dividends, security deposits, and possibly even penalties, not to mention the constraints Qianhuan Group's dispatched team would place on the Chen Group's finances, and all of this was in exchange for a mere 10 billion in investment.

But... who made the group so desperate for this 10 billion?

Moreover, if the conditions were met, then his group would only need to give up 3.5% of its shares—a painless price—and in return, it would receive value several times greater than what was given.

Of course, that's not how the math works, but that didn't stop certain people from indulging in wishful thinking.

Thinking of the faces of those relatives on the Board of Directors earlier, Director Chen Yuren gritted his teeth in hatred.

However, he couldn't blame the Board of Directors for this matter.

The signing of the gambling agreement had both pros and cons for the group.

The pro was that the Chen Group could fully utilize this 10 billion to solve its own broken capital chain problem and continue operating healthily.

The con was that if there were the slightest setback during the fulfillment of the agreement, or if any of Chen Zhongxuan's plans failed to materialize, then the Chen Group would have absolutely no ability to pay the price stipulated in the agreement and would have to declare bankruptcy on the spot.

Now it seemed that Qianhuan Group might have another intention, and they had also left them another path.

That was to be fully acquired by Maple Leaf Capital, which stood behind Qianhuan Group. As one of the world's largest venture capital firms, Maple Leaf Capital had this capability.

Director Chen Yuren narrowed his eyes slightly and looked at the Middle-aged man in front of him.

What was it that made Maple Leaf Capital stop pretending and step directly from behind the scenes to the forefront?

Had this battle without smoke and fire finally reached its decisive round?

"Since there are no issues with the contract, let's begin the settlement." The Middle-aged man nodded to young man beside him again: "Xiao He, you read out our assessment results."

"After careful investigation, the preliminary calculation by Qianhuan Group and Maple Leaf Capital is as follows: As of December 20, 2018, the Chen Group's Science and Technology Innovation Board stock was 4.15 yuan per share, an increase of over 50%. Qualified."

"As of December 20, 2018, the Chen Group launched a new generation of five-axis Machining Center, which was widely acclaimed, and orders exceeded Qianhuan Group's expectations. Qualified."

"As of December 20, 2018, the Chen Group's overall stock market valuation price was 91.23456 billion yuan. Not qualified."

"As of December 20, 2018, the Chen Group's estimated net assets are 40.1 billion yuan. Not qualified!"

"During the performance of the contract, neither party breached the agreement, so this clause is not activated."

"In summary, after joint calculation by Qianhuan Group and Maple Leaf Capital, the final determination of the gambling agreement between the Chen Group and Qianhuan Group is: The conditions were not met, and the Chen Group..."

Xiao He's eyes were cold; he swept a glance across the conference room and coldly spat out one word.

"Defeated!"