Becoming Rich with Daily Scavenging APP-Chapter 464: All Mercedes-Benz Technology

"I heard you’re planning to buy Yiyang Automobile’s factory in Tula City?"

Wei Yujun rarely called Wei Hanyu.

It’s said to be rare because ever since Wei Hanyu was forced to step down from the position of president, the father-daughter relationship had frozen to the point they hadn’t spoken for a long time.

At that time, Wei Hanyu believed there was no need for Changcheng to bow to Chen Yiyang.

She was doing well in the position of president.

If she were suddenly dismissed, it would be difficult to rise to the position again in the future.

However, Wei Yujun considered the pressure from the top and the dissatisfaction of many Changcheng executives with Wei Hanyu, so he still made her resign.

Although Wei Hanyu and Wei Yujun are father and daughter, they have significant differences on how to run the company.

This is very common in any family business.

For example, the CEO who once became the richest man by selling water valued industry when running the business.

But when his daughter took over, she immediately outsourced all the factories and retained only the brand, turning a heavy asset company into a light asset one.

Of course, the main reason she could smoothly transition the company this way was that her father had already passed away, making her the sole heir, so no one could stop her.

But it didn’t work that way for Wei Hanyu; after all, Wei Yujun was still quite energetic, and if Wei Hanyu wanted to completely control the company,

she either had to establish her own personal prestige or wait for her father to pass away.

"What rumors have you heard again?" Faced with Wei Yujun’s inquiry, Wei Hanyu instinctively thought someone had reported to him again.

"I haven’t heard any rumors." Wei Yujun spoke helplessly, "I just wanted to remind you to be careful in Russia.

We still know too little about Chen Yiyang. So far, I can only uncover his business operations after becoming successful, but I can’t figure out how he rose to power.

His connections in Russia are not as simple as you might think, be careful not to get deceived."

"I’ll be careful myself." After saying this, Wei Hanyu hung up the phone.

On the other side, all Wei Yujun could do was sigh helplessly. After all, she was his only successor.

No matter how much trouble Wei Hanyu causes, the company will ultimately be handed over to her.

Wei Yujun can only hope that Wei Hanyu doesn’t suffer too much.

"The Tula City side supports us in acquiring Yiyang Automobile’s factory; after all, Changcheng is much more reputable in Russia than Yiyang Automobile."

Gena reported the recent progress to Wei Hanyu.

"But they’ve also set conditions; they want the five percent dividend equity to be converted into voting equity."

"What if we don’t agree?" Hearing Gena’s words, Wei Hanyu frowned.

It’s not that she’s reluctant to part with that bit of voting power.

Although acquiring the factory is a commercial act, without local government support, it would certainly encounter many problems.

But if the Tula City government also gets five percent voting rights, with a quick calculation,

after signing the contract, Gena holds forty percent voting rights, Tula City holds five percent, and Feng Hong holds five percent.

Then these three combined would already have fifty percent voting rights.

What’s more fatal is that Chen Yiyang hasn’t completely sold his shares; he still retains one percent of shares and voting rights.

If these four parties unite, they’d have fifty-one percent of the voting rights, enough to outweigh Changcheng Automobile in a shareholder meeting.

Although from Wei Hanyu’s perspective, the probability of these four uniting is not high.

After all, Gena and Feng Hong are traitors to Chen Yiyang.

The Tula City government has cooperated longer with Changcheng and has no reason to help Chen Yiyang.

Even if Chen Yiyang wanted to trust them, they wouldn’t dare trust him again.

But to be safe, after thinking it over, Wei Hanyu still said, "Why is Chen Yiyang still left with one percent of the shares? I can offer a high price to buy these shares."

"His reason is that Yiyang Automobile is looking for new investors. If they sold all the factory shares in Russia, the investor information would look bad.

By keeping one percent of the shares, they can manipulate the information to make investors believe Yiyang Automobile still has influence and market in Russia."

Gena’s words did not make Wei Hanyu too suspicious.

Because that is indeed the case.

Yiyang Automobile is about to join the domestic new energy vehicle battle, and they will be very short on funds at that time.

Looking for new investors at this time is a normal commercial act. 𝘧𝑟𝑒𝑒𝘸𝘦𝘣𝑛𝑜𝘷𝑒𝓁.𝘤𝘰𝓂

Furthermore, since Yiyang Automobile is not a listed company, they don’t need to disclose all asset details in financial reports and external materials.

However, after buying Tula City’s car factory, she could use this to disrupt Yiyang Automobile’s investment plans.

Thinking of this,

she straightforwardly said, "Then inform them to prepare to sign the contract.

According to our earlier agreement, Changcheng will pay to buy ninety-five percent of Yiyang Automobile’s factory shares in Tula City and one hundred percent of the voting rights."

The contract signing went smoothly.

Chen Yiyang’s side was also very cooperative.

Yiyang Automobile’s forty-nine percent shares and voting rights smoothly ended up in Changcheng’s hands.

Changcheng officially took over Yiyang Automobile’s car factory in Tula City.

When Wei Hanyu, as the new owner, arrived at this car factory in Tula City, only Feng Hong accompanied her.

Gena claimed to have no interest in the car factory; he just wants dividends from his forty percent shares, so he didn’t come personally.

Tula City’s government only sent a junior official to accompany them.

But this didn’t affect Wei Hanyu’s interest in visiting the factory.

She brought Changcheng’s technical personnel and, upon arriving at the factory, her first demand was for the factory to hand over their unique technologies and later cooperate with the head office to transfer these technology patents to the head office.

Feng Hong calmly led Wei Hanyu and others to the factory’s technology department and showed them all the technical data.

Changcheng’s technical personnel initially nodded frequently, but the more they looked, the more they felt something was off.

"These technologies seem to belong to Mercedes-Benz. The related materials still have Mercedes-Benz Group’s watermark and descriptions!"

"Yes." Feng Hong readily nodded and said, "This car factory initially belonged to Mercedes-Benz Group, only later purchased by Yiyang Automobile. These technical materials were left behind by Mercedes-Benz Group."

"Did Mercedes-Benz leave these technology patents to this car factory?!" Changcheng’s technical personnel looked at Feng Hong.

"Of course not." Feng Hong said matter-of-factly, "These technologies’ international patents still belong to Mercedes-Benz, but since Russia no longer recognizes European patents, the patents for these technical materials in Russia belong to this car factory."