The next day, the sun shone brightly; it was still a hot summer day.
Inside the Su family's meeting room.
Today, William So was dressed in a well-tailored suit and sat in the seat of honor. Compared to the gloom on his face three days ago, he had swept away the previous gloom and was full of ambition. Even the wrinkles at the corners of his eyes seemed to have lessened because of his good mood.
Mo Jing and He Shaoqi sat in the conference room, holding the documents handed out by Su Yongkang's assistant, looking through them page by page.
This is a contract. The second party is an investor who plans to invest 3 billion yuan in the Su family to develop new products. Once this news is released, it's conceivable that the previously fallen stock price will rebound. It might even rise by several percentage points.
When the board members saw the copy of the contract, they smiled with satisfaction and were relieved of their worries from the previous three days.
After reading the entire contract, Mo Jing asked Su Yongkang casually, "How did you manage to sign this contract, Mr. Su? Is the other party reliable?"
"What, could it be that Chairman Mo is suspicious of the other party! It's all clearly written in black and white: after the product development is successful, they will take 50% of the profits from the first batch of products put into production, and a percentage from subsequent products. The funds will be transferred in three installments; the initial investment of one billion has already been deposited into the company's account. A simple check of the finances will confirm this." Su Yongkang looked at Mo Jing with a mocking expression: "Indeed, no matter how capable Chairman Mo is, she is still just a young woman. It's only right that she be cautious."
This statement is essentially a veiled criticism, implying that Mo Jing is too young and therefore lacks decisiveness and courage in handling matters, and is hesitant and timid in her actions.
Mo Jing ignored Su Yongkang's sarcasm and continued, "Better safe than sorry. Business is unpredictable; who can foresee what will happen? This document says that if the Su family fails to develop a successful new product within three months, the penalty for breach of contract will be ten times the investment. Isn't that a bit too much?"
The board members exchanged glances, a hint of worry in their expressions. Ten times the initial investment was indeed a bit much! What if…
"Nothing ventured, nothing gained. Crisis often brings opportunity. Besides, our company has already been researching new products, and we're even halfway through. No matter how you look at it, this is a win-win situation for us," Su Yongkang said with a sly smile.
Mo Jing wanted to say something more, but at this moment He Shaoqi brushed a stray hair from his forehead and said nonchalantly, "Jingjing, what's the use of worrying so much? The contract has already been signed, and even if Su Yongkang wants to back out now, it's too late."
Mo Jing was actually a little puzzled. The contract, on the surface, seemed quite good, but it involved spending 3 billion to buy a 10% profit margin on a newly developed product. The contract didn't specify what kind of effects the product should have. If the developed product wasn't significantly different from what was available on the market, wouldn't that be a loss? Could this investor be the same person who mysteriously bought Su Yongkang's shares?
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It's past four o'clock, time to keep updating! My typing speed is so slow, it took me an hour to grind out this thousand words, such a snail's pace! *covers face and drifts away*, back to writing!
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