章節 377: Chapter 377: The Black-Hearted Xia Yu
Xia Yu's expression turned grim, his teeth clenched as he glared at Old John with a look of intense anger.
Old John's expression remained unchanged, his eyes steady as he met Xia Yu's gaze, showing he was determined to follow through.
Psychological warfare works that way; if you don't believe in yourself, deceiving others becomes difficult.
Moreover, Old John's intentions were genuine. If he truly lost E-He Machinery Group, he would prefer to take Xia Yu down with him.
His hatred for Xia Yu was intense; if his goals were not achieved, he would die trying to drag Xia Yu down with him!
The tense atmosphere lasted for a while before…
"Ha!"
"Mr. John, you've won!"
Xia Yu slowly withdrew his gaze, his aura weakening as he sighed and spoke with a hint of resignation.
Before Old John could rejoice, Xia Yu gathered his composure again.
"But I'm not easily scared. It's absolutely impossible to take the shares from me without a steep price. Selling the shares to you would be like betraying others! The consequences are not something that can be easily borne!"
Xia Yu said with a deep voice.
Old John frowned. Xia Yu was retaliating, asking for an excessively high price.
He wanted to argue again, but Xia Yu's reasoning left him with no counter-arguments.
After all, Old John's real aim was to break their alliance from the inside and relieve some pressure on himself. Xia Yu had clearly guessed his intentions!
At this point, Xia Yu was proving to be a competent capitalist. For the sake of profit, he was willing to betray even his allies. This suited Old John's purpose perfectly!
However, capitalists who value profit above all are also extremely greedy!
At this moment, Old John was actually relieved by Xia Yu's greed. At least Xia Yu was willing to betray his allies for profit. If Xia Yu stubbornly refused to betray them, it would be a major hassle for Old John.
"A steep price is fine as long as the goal is achieved!"
A thought flashed through Old John's mind, and he made up his mind.
"Please!"
Old John made a gesture inviting Xia Yu to state his offer.
"I want all the shares of E-He Insurance Consulting Group that you hold!"
Xia Yu said without hesitation, his attitude very firm.
Old John frowned, locking eyes with Xia Yu for a few seconds. Seeing that Xia Yu was unyielding and seemed ready to break off the deal, he slowly nodded and said, "Alright!"
After all, E-He only held 30% of the shares in E-He Insurance Consulting Group. Xia Yu already had control with his shares plus another shareholder aligned with him. Xia Yu's voting power had exceeded two-thirds, making the board of E-He Insurance Consulting Group a one-man show for him.
Their 30% share was essentially useless, and would be easily manipulated by Xia Yu. It was better to let go and get some money in return since they were in need of funds anyway!
"Besides the shares of E-He Insurance Consulting Group and E-Zhong Aviation Service Co., Ltd., I do not accept any other form of share exchange. I only accept cash!"
Xia Yu, with a straight face, presented his second condition.
Old John furrowed his brows. He hadn't expected Xia Yu to try and exploit the situation further, making it a difficult problem for him.
He had two choices: either exchange shares of E-Zhong Aviation Service Co., Ltd. and the other six companies plus cash, or purchase everything else with cash.
The first option was immediately discarded!
Although he was short on cash, Old John would never agree to exchange shares from the seven companies, even though he had decided to give up on E-Zhong Aviation Service Co., Ltd.
He knew Xia Yu's goal was to acquire the shares and then pass them on to Bao Yugang and others, helping them with their acquisition.
But Old John refused to let Xia Yu have his way.
The original goal was to strike at others and disrupt their alliance. If he exchanged the seven companies' shares, it would mean actively helping them.
Helping them would be like stabbing himself with a knife!
Moreover, it would ease the relationship between Xia Yu and other major Chinese figures, mitigating the consequences of Xia Yu's betrayal. Old John would never allow Xia Yu to succeed!
So, even though paying all in cash was a heavy burden, Old John resolutely chose the second option: "No share exchanges from other companies. Everything in cash!"
Xia Yu glanced deeply at Old John, thought for a moment, and said, "Alright! Now let's discuss the price. 120 HKD per share!"
"Impossible!"
Not only did Old John react, but Niu Bijian's face also changed dramatically upon hearing Xia Yu's offer, and he blurted out.
"Impossible! Today's market closing price is 93 HKD per share. Our boss's offer of 120 HKD is less than a 30% premium. If we wait a couple more days, it will definitely rise to 120 HKD!"
Wang Qi, who had been silent, seized the opportunity to counter-argue.
Old John and Niu Bijian remained unmoved. Niu Bijian retorted, "But don't forget the initial price was 27 HKD. The current high price is driven up by your actions. 120 HKD is too high; at most, we can offer 100 HKD!"
"Mr. Xia, this is excessive!"
Old John's brows furrowed, his sharp gaze fixed on Xia Yu as he spoke in a deep voice.
"Not excessive at all. To me, E-He Machinery Group is worth this price!"
Xia Yu was not to be underestimated and responded firmly.
---
After a heated exchange, both sides were somewhat parched and had drained their tea. They finally reached a compromise.
112 HKD per share!
A little over a 20% premium!
It took Old John and Niu Bijian a great deal of effort to negotiate this price from Xia Yu.
"Mr. John, you truly have a way with words. Impressive!"
Xia Yu flattered, but his praise felt insincere coming from him.
However, Old John chose not to dwell on this point and was relieved to have reached an agreement.
"Likewise!"
"Mr. John, for the shares of E-He Insurance Consulting Group, I offer 8.3 HKD per share!"
Xia Yu continued, showing no signs of embarrassment.
"Impossible!"
Old John also flatly rejected Xia Yu's offer, his face twitching with evident agitation.
He was infuriated by Xia Yu's audacity to offer 8.3 HKD, the initial price of the shares without any premium.
The situation with E-He Insurance Consulting Group was unique; the stock price had not taken off and was suspended by Xia Yu. Therefore, the price was genuine.
In contrast, the stock price of E-He Machinery Group was 27 HKD per share initially. Now, Old John was offering 112 HKD per share, more than quadrupling the price!
Having absorbed such a significant loss, it was unacceptable for Xia Yu to try and gain further advantage!
Xia Yu was truly malicious, taking advantage and being excessively greedy!
Even Old John's composure couldn't tolerate this. The more he thought about it, the angrier he became. His fists clenched unconsciously, and veins bulged on his forehead, showing his extreme fury.
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