Without waiting for Jiang Xingchen to speak, Su Yan took another document from Wang Xiaoxue. After flipping through a few pages, she handed it to Jiang Xingchen and Secretary Liu again. “I have a general understanding of your company’s situation. The competition in the industry has been intense in the past few years, especially for many foreign-imported products. It has had a huge impact on the domestic market and companies. There are a lot of problems with Maoyuan’s current product line. Not only are the products old, but they aren’t innovative at all. This is also the root cause of the decline in sales of your company in the past two years. And most importantly, your company has no intention of developing AI smart toys for infants and toddlers. According to the information we have, a company in the country filled the gap in the market last year. And all the products of this company are self-designed and developed. To put it bluntly, compared to that company, your company isn’t competitive at all.”
Su Yan took a sip of her tea, then, she changed the topic, “But your company isn’t completely useless. After all, you guys have been in the market before, and you have also advertised. You have a certain level of prestige. Based on the above information, we finally decided to give…”
Hearing this, Jiang Xingchen and Secretary Liu pricked up their ears and stared at Su Yan’s raised hand. Su Yan smiled mysteriously and extended two fingers.
“Two billion?!” Jiang Xingchen was slightly stunned. He didn’t expect Xuanwen Group to offer such a price. Although Su Yan’s previous words hit the nail on the head and sounded very ruthless, he had to admit that what she said was the truth.
Five years ago, when he and Jiang Ming co-founded Maoyuan, the domestic market environment was completely different from now, especially in the children’s toys industry. At that time, they used foreign production lines to reduce costs. At the same time, they had improved the safety of their products, which was why they had once dominated the domestic market. However, as they made a lot of money, more and more people became envious. As a result, more and more people wanted to get a share of this industry. Meanwhile, Maoyuan hadn’t innovated in the past two years.
When it had just been founded, he had embezzled a lot of money from Glory Entertainment to invest in Maoyuan. Although he didn’t know if his brother Jiang Yuan knew what he had done, if he didn’t sell Maoyuan, once Jiang Yuan found out, he and Jiang Ming wouldn’t be able to bear the consequences.
When she heard the price, Wang Xiaoxue, who was sitting next to Su Yan, looked at her in surprise. She hadn’t asked Su Yan what price she would give because in her eyes, Maoyuan wasn’t worth much at all, yet Su Yan had offered two billion at once. This was definitely a sky-high price.
However, Su Yan smiled. “President Jiang, you said two billion yourself. I didn’t say it.”
Jiang Xingchen raised his eyebrows. “Then your price is…”
Su Yan and Wang Xiaoxue looked at each other. “1.2 billion.”
“Bang!” Jiang Xingchen slammed the table and stood up. His face was flushed with anger as he pointed at Su Yan and scolded, “Su Yan, you were toying with me after all this time. This is such a big company that has factories, various office facilities, and other things, but you only gave me 1.2 billion. Do you really think I am a beggar?”
Su Yan laughed. “President Jiang, 1.2 billion isn’t a small amount. If you think Maoyuan is worth 2 billion, then you are overestimating yourself.”
Hearing this, Jiang Xingchen was so angry that his face turned livid. According to his estimate, Xuanwen Group’s price wouldn’t be less than 1.9 billion. If he negotiated things well, it wasn’t impossible to get 2.6 billion, but Su Yan gave a low price that he didn’t think of. She wanted to acquire Maoyuan with 1.2 billion? What did she take Maoyuan for?
The more he thought about it, the angrier he became. Jiang Xingchen felt humiliated. He put on his coat and looked like he wanted to leave. While Su Yan sipped her tea, she quietly watched him with a smile on her face.
“It seems that CEO Jiang is a little tired today. Since this is the case, it’s better to stop here. But I have to give you a piece of advice. In terms of having the ability to take over and being willing to take over Maoyuan, there is no other company other than Xuanwen Group. Now that Maoyuan is losing money every second, there isn’t much time left for you. Based on Maoyuan’s situation, in less than half a month, Xuanwen Group might not even be able to pay 1.2 billion, so you have to think carefully,” Su Yan reminded.