This would be a heavy blow to any publicly traded company, capable of causing a stock price crash and sparking investor panic.
Wen Shulin looked around at everyone, "What I’m doing is all for CGG, for all of us."
"Wen, stop deceiving yourself! You’re clearly doing this for your own benefit! You want to use this deal to please Chen Cheng and solidify your position at CGG!"
Wen Shulin retorted loudly,
"I am doing this entirely in the interest of CGG!"
"Then tell us, how does this benefit CGG?"
With the drama reaching this point, Wen Shulin walked leisurely to the window, basked in the gentle autumn sun, and said:
"Spending an extra 2 billion seems like a loss, but have you considered Xingye Products’ technology and their mineral resources in Brazil?"
She turned back, her gaze sweeping over everyone,
"The core technology of Xingye Products is in energy storage; according to the ’Energy Storage Report’ released earlier this year, the domestic market will begin to heavily develop new energy storage next year."
Pausing, Wen Shulin allowed the information to sink in before dropping another bombshell:
"More importantly, as far as I know, Xingye Products owns an incredibly abundant niobium ore mine in Brazil."
A wave of exclamations resounded again in the conference room, this time even the usually composed John couldn’t hide his shock.
Niobium, a rare metal, has a very high melting point and corrosion resistance and is widely used in aerospace, energy, military, and other fields.
And Brazil is the country with the richest niobium ore reserves in the world, accounting for over 90% of global reserves.
If what Wen Shulin says is true, the value of this niobium ore mine Xingye Products owns in Brazil would be immeasurable!
"I know it’s hard for you to believe,"
Wen Shulin, seeing everyone’s shocked expressions, continued: "But this is absolutely true, and it is the result of the research conducted by CGG in Beijing over the past year."
She walked to the conference table, her gaze intense as she looked at everyone,
"Now, do you still think I’m joking with CGG’s interests?"
The conference room fell silent; everyone was stunned by Wen Shulin’s words.
If what she said is true, then spending 4 billion to acquire Xingye Products is not a loss, but actually a very worthwhile investment!
David frowned deeply, repeatedly observing Wen Shulin’s expression and weighing her words.
"But what?" asked Wen Shulin.
"Wen, buying at twice the price, that’s something we can’t decide on our own." David said honestly: "We need to report to the headquarters."
He paused, "Give me a copy of your research too, I’ll contact Alina immediately."
Wen Shulin shrugged, "Of course. But..."
"But what?" this time it was David’s turn to ask.
"From my interactions with Chen Cheng recently, he does not seem to be a patient man."
Wen Shulin spoke calmly: "Please make your communication quick, I’m worried Chen Cheng might leave soon."
After hearing Wen Shulin’s words, David cursed internally, "Sly fox."
He understood, Wen Shulin was not here to discuss, but to notify them!
This "worried Chen Cheng might leave soon" was clearly pressuring them to make a decision quickly!
Although David was dissatisfied, he knew this was not the time to argue with Wen Shulin.
After all, if what Wen Shulin said was true, acquiring Xingye Products for 4 billion indeed seemed like a wise investment.
David took a deep breath, "I’ll report immediately."
"Thank you," Wen Shulin smiled slightly, "I’ll have my assistant give you the materials."
She added, "I’ll wait for your good news."
David and others left the small conference room and headed to the Wangfu Peninsula Hotel where Alina was staying.
To avoid suspicion, Wen Shulin didn’t go to the first conference room to meet Chen Cheng but returned to her own office.
She looked at the bustling traffic below her office and smiled.
Everything was proceeding according to her and Chen Cheng’s plan.
She believed that what Chen Cheng had said last night about reaching new heights in two days would indeed come true.
At the Wangfu Peninsula Hotel, in the Peninsula Suite.
David was detailing to Alina the recent events at CGG.
Alina was nearly fifty, time had left many marks on her face, but one could tell that she was a beauty in her youth.
However, her complexion was ominously grim at this moment.
"4 billion? Is she crazy?"
Alina said furiously, "Who does she think she is? How dare she make such a decision on her own, using so much of the company’s funds?!"
"Please calm down first, let me finish."
David had his own plans too.
If Xingye Products really had a niobium ore mine, this deal would surely be a highlight of his career.
"Chairman Wen, the reason she did this is because..."
He told Alina every detail of what Wen Shulin had said in the meeting room,
Including Xingye Products’ energy storage technology and their niobium ore in Brazil.
Alina’s brows slightly furrowed upon hearing these two words,
"Are you sure this information is accurate?"
David quickly handed Alina the materials Wen Shulin had given him, "This is from the year-long research on Xingye Products done by CGG in Beijing."