Chapter 111
Title: I’m Pregnant with the Villain’s Child
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Translator: Little Bamboo Spirit
Chapter 111 - I just prepared a few items in advance for my grandson . What's wrong with that? (1)
Due to national policies over the past several decades, this coastal city had already become an economic center . Every day, in this prosperous city of concrete and steel that was over six thousand square kilometers, there were companies being established and companies going bankrupt .
Amongst these companies, there was a star that had been gradually rising for the past five years . And now, it was on the brink of choosing between life or death .
As someone that was a leader in the new Internet generation, Qin Shao had founded a company, Genesis, that had been at the top of its industry by a wide margin .
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But, at this moment, sitting in Genesis's conference room, Qin Shao had a grave expression as he listened to shareholders debate .
If it wasn't for the recent financial downturn, his company would have never fallen to the impasse of choosing between bankruptcy or being acquired .
He could only watch as the people sent over by the Lu's company destroyed all of his hard work in the past several years in their acquisition process .
Qin Shao didn't want to accept this, but it didn't matter how unwilling he was . Right now, the only way his company could survive was to be acquired by the Lu's company .
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However Lu Beichuan was famous in the business world for being obstinate and tyrannical . One of the conditions for the acquisition was that Genesis's technical staff would be replaced by the Lu's company's employees .
Qin Shao knew that Lu Beichuan didn't trust them .
Qin Shao had founded this company with the support of the technical staff that made up Genesis's core team . The acquisition of the company meant that these people would be laid off .
Before it had come to this point, Qin Shao had asked himself . Would the company have achieved what it did without these experienced people? No, it wouldn't have . And so, he wasn't shameless enough to keep his company and give up on these people that had worked with him to create this company .
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He had been able to drag things out for a while, but the company's shareholders were uneasy . During the past period, since the company wasn't able to get more funding, it was difficult to get back their momentum . This in turn triggered a cascade of money shortages, which led to an imminent crisis in financial credibility . Other than the Lu's company, no one was willing to accept Genesis . The acquisition process had already reached the point where the Lu's company's lawyers were doing their due diligence . However, Qin Shao still hesitated on making a decision .
"CEO Qing, other than being acquired by the Lu's company, I don't think there's a way for Genesis to recover . We're already drawn the limit of our credit line at the bank, and no other bank will guarantee us . There's no other company that will provide funding . If you don't make a decision now, then the company will go bankrupt!"
"Exactly! And, I think the company will develop even better after being acquired by the Lu's company!"
"Yeah, no other company is willing to acquire Genesis . The only way to avoid bankruptcy is to choose the Lu's company . "
It was hard to tell what Qin Shao was thinking from his expression .
The boss of the core technology team, who had been with him when he created this company, had been silently sitting in the conference room .
If he wanted his company to continue existing, he would have to give up on its employees . On one side, there was the company . On the other side, there were his old friends . Qin Shao was trapped between a rock and a hard place .
"I'll go look for Lu Beichuan to discuss again . Let's end the meeting here . "
Actually, anything that had to be discussed was already discussed . The other side had power and money . The Lu's company's attitude was unyielding with no margin for negotiation . They were taking the position of forcing them to sell .
Right after Qin Shao stood up, someone stopped him and handed him a resignation letter . "CEO Qin, this is my resignation letter . "