Becoming Rich with Daily Scavenging APP-Chapter 460: Coffee War

"Since there’s so much disagreement, why not make a decision based on voting rights?" Chen Yiyang saw Gundam Capital’s representatives getting so agitated and directly ended the discussion.

Yan Kuan, the representative from Gundam Capital, glanced at Chen Yiyang, then at the other people seated here.

Dammit, aside from his own people, the rest were all Chen Yiyang’s people.

Initially, Kuxing Coffee did indeed have a batch of small shareholders.

However, these small shareholders all sold off their stocks when Kuxing hit rock bottom.

These stocks were either bought by Chen Yiyang or by Gundam Capital.

Thus, in the current equity structure of Kuxing, Chen Yiyang, who holds and purchased a large number of shares from the market, is the biggest shareholder with decisive voting rights.

While Gundam Capital, backing Yan Kuan, is the second-largest shareholder.

Apart from these two, the remaining scattered small shareholders couldn’t influence the situation at all.

This is why, when Chen Yiyang directed Jiang City to establish a sub-brand, diluting Kuxing’s profits, Gundam Capital didn’t take any action at the time.

Now, Gundam Capital is daring to step forward, merely hoping that Chen Yiyang, entangled in other fields, might sell off Kuxing’s shares to maintain cash flow.

This way, Gundam Capital would have the chance to control Kuxing.

Yet they didn’t expect Chen Yiyang to make such a move during the critical competition between Kuxing and Redi, seated and waiting for Kuxing to be defeated.

"Based on our investigation."

Yan Kuan was anxious. He looked at Chen Yiyang and directly said, "Wasn’t Shen Yifan, whom you sent to oversee the company, also one of the major shareholders of Redi Coffee?

She admitted in news reports that she invested in Redi Coffee."

"So what?" Chen Yiyang casually took a sip of water before slowly saying, "I only recently heard about this matter, which is why she’s no longer overseeing Kuxing, and I’ve come to take charge personally."

"Redi and Kuxing are competitors!" Yan Kuan shouted.

"Is there any legal stipulation prohibiting the employees of a major shareholder’s company from holding shares of competitors?

If Mr. Yan Kuan finds it inappropriate, I can have Ms. Shen Yifan resign from my company. How does that sound?"

Chen Yiyang’s words made Yan Kuan furious.

Yet, he had no solution.

Indeed, legally there’s no prohibition against holding shares of competitors.

After all, Chen Yiyang’s identity is as a major shareholder, not the president of Kuxing Coffee.

Moreover, these shares aren’t held by Chen Yiyang himself but in the hands of a small accountant.

The relationship between the small accountant and Chen Yiyang isn’t just that of a boss and employee.

Even if Chen Yiyang were to have the small accountant resign from his company, outsiders know who the accountant listens to.

Thus, legally, Yan Kuan couldn’t do anything against Chen Yiyang.

"Mr. Chen, shall we talk next door?" Yan Kuan helplessly requested Chen Yiyang.

"Alright."

Chen Yiyang picked up his glass and followed Yan Kuan to the nearby meeting room.

"Mr. Chen, Kuxing Coffee has already developed. However, Redi Coffee has agreed to numerous betting agreements to attract investment.

If your involvement with Redi Coffee leads to a significant drop in Kuxing Coffee’s market share, you also stand to lose, right?"

Yan Kuan attempted to persuade Chen Yiyang rationally.

But Chen Yiyang was clearly not here to reason today.

He directly said, "Firstly, I personally don’t hold shares in Redi.

Then, if Kuxing Coffee really goes bankrupt due to a market share decline, I can have Kuxing’s subsidiary become independent.

This subsidiary has no relation to your Gundam Capital."

"Wouldn’t doing that also incur significant losses for you?" Yan Kuan couldn’t help but threaten.

"I would incur losses, indeed." Chen Yiyang spread his hands and said, "But you would completely lose all the benefits you have with Kuxing.

Once Kuxing goes bankrupt, the shares you hold become worthless. But I’m different; I can still make some money through the subsidiary.

Right now, what you should be considering is not my interest, but your own."

Yan Kuan understood from Chen Yiyang’s words that he’s threatening Gundam Capital with the intention of mutual destruction.

If Kuxing goes bankrupt, while it would affect Chen Yiyang, the impact is limited.

Chen Yiyang’s losses would definitely be less than Gundam Capital’s.

This is also why Gundam Capital dares not take the risk.

If Chen Yiyang indeed goes crazy and plans for a double loss, he can afford it, but Gundam Capital would face a massive loss.

"What would it take for you to agree to start a price war with Kuxing?" Yan Kuan reluctantly compromised.

"Firstly, Gundam Capital must drop all lawsuits and accusations against me, and issue a statement of apology.

Secondly, Gundam Capital can retain dividend rights in Kuxing but must give up all voting rights and only take dividends in the future."

"We can’t agree to such conditions!"

Yan Kuan became anxious.

The first condition was negotiable; Yan Kuan himself could decide on it.

For Gundam Capital, agreeing to the first condition was tantamount to temporarily withdrawing from the hunt against Chen Yiyang.

But Gundam Capital had only paid a bit in legal fees initially, so even if they withdrew, there wouldn’t be much loss.

However, the second point was quite fatal.

If Gundam Capital agreed to this condition, Kuxing would become Chen Yiyang’s one-man rule in the future.

If Ali over there indeed succeeded in hunting Chen Yiyang, Gundam Capital would lose the opportunity to rejoin the hunt.

"Discuss it properly with your boss." Chen Yiyang stood up and said, "You were the ones who came to seek reconciliation. Agreeing is in your interest; not agreeing means we’ll all wait to perish together."

After finishing his words, Chen Yiyang left the meeting room.

Yan Kuan then returned to Gundam Capital, where he discussed the matter with Gundam Capital’s top management.

But before they could come to a conclusion, the coffee market underwent dramatic changes in the past few days.

Zheng Lu is a standard ruthless person, one who particularly likes to operate without regard to means and leaves no retreat.

This time, he’s back in action with Redi Coffee, having been invested in by Chen Yiyang just a small sum.

This small amount is enough to open several chain coffee shops, but it’s absolutely impossible to full-scale compete with Kuxing.

So Zheng Lu, relying on his successful founding of Kuxing Coffee, directly approached several large investment institutions, signing betting agreements with them.

As long as Redi Coffee can successfully go public within the stipulated period of the betting agreement, all the money invested by the institutions into Zheng Lu would convert into shares, without requiring Zheng Lu to repay.

But if Zheng Lu fails to lead Redi Coffee to go public within the stipulated time, then the money invested by the institutions is considered a loan, which Zheng Lu would have to repay with interest at that time.