Chapter 1500: I'm Serious
Mo Yuqi's expression remained calm, though she was holding onto over four billion yuan. Even after spending three billion to acquire Magic Electronics, there would still be one billion left for building a factory.
The words of Huang Dong snapped Yang Hong out of it. Damn, how had he been outfoxed by Mo Yuqi, this young lady?
After coming to his senses, Yang Hong regained his composure, "Mr. Mo, assuming you return the transferred money, our Emperor Group indeed has three billion in liquid assets.
However, spending three billion to buy a foreign electronics company would at most allow us to purchase a company one-fifth the size of Dongxing Electronics Factory.
Buying such a company, how could we possibly compete against Four Seas Group?"
"Indeed! President Yang makes sense. Given Emperor Group's current situation, we really can only acquire a foreign company one-fifth the size of Dongxing Electronics Factory."
The shareholders nodded in agreement.
Mo Yuqi was unruffled, "One-fifth the size? Where did that come from? If I remember correctly, Magic Electronics is more than ten times bigger than Dongxing Electronics Factory."
Magic Electronics? All the shareholders were dumbfounded; they were all too familiar with that name!
Magic Electronics had risen two years ago and had already caught up to Yter Company in market share within the electronics sector! It was a new giant in the electronics industry!
"Mr. Mo, we're discussing acquiring foreign electronics factories. Why bring up Magic Electronics? Could it be that the foreign electronics factory you plan to acquire is Magic Electronics?"
Yang Hong curled his lips in disdain.
"Hahaha, how is that possible! Mr. Mo merely mentioned it in passing."
"Indeed, Magic Electronics is one of the giants in the electronics industry, with total assets not inferior to our Emperor Group. We simply can't afford it!"
"Not to mention whether we can afford it, Magic Electronics is in its prime. Why would they easily transfer ownership?"
The shareholders shook their heads.
Mo Yuqi quietly observed the shareholders shaking their heads. When Qin Yu mentioned Magic Electronics, Mo Yuqi felt the same as them.
But soon, Mo Yuqi believed what Qin Yu had said.
Only when the noise from the shareholders subsided did Mo Yuqi calmly say, "President Yang is quite right, I do indeed intend to acquire Magic Electronics."
Whoa... The entire boardroom erupted!
"Mr. Mo, please don't insult our intelligence! It's only been a few days since you duped us with the Dongxing Electronics Factory acquisition, now you want to fool us again?" Yang Hong was furious!
"Mr. Mo, the board meeting is a serious occasion, please don't joke around!" Huang Dong also expressed his dissatisfaction.
Even Arhat, who usually supported Mo Yuqi, frowned. Arhat, the director, organized his words and said gently, "Mr. Mo, easing the atmosphere is acceptable.
However, our Emperor Group is in a severe situation right now, I hope you can be serious."
"I am serious, I truly want to acquire Magic Electronics," said Mo Yuqi in an even tone, looking sincerely at the directors, but, unfortunately, the directors rolled their eyes in exasperation!
"Mr. Mo, please don't treat us directors like fools. The market value of Magic Electronics is no less than that of our Emperor Group. How could Emperor Group possibly acquire it?
Are we supposed to sell everything we own?"
"Mr. Mo, even though you are the CEO, you can't just randomly sell off company assets! To sell company assets, you must have the approval of the board!"
The shareholders were agitated, condemning Mo Yuqi with rising waves of outrage!
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