Shockingly, a counterfeit factory has produced a 3-nanometer chip.

Chapter 17 Huaxin Investment acquires 100% controlling stake

One week later, in the main conference room of Transsion headquarters in Yangcheng.

The atmosphere was eerily quiet. The few remaining original shareholders of the company sat on either side of the long banquet table. They collectively held 10% of the shares.

On the other side, the representative of Huaxin Investment was Huang Tianya, who was thirty-five or thirty-six years old. He was wearing a custom-made dark suit and small glasses, and he looked very imposing.

He had a thick investment agreement in front of him, and behind him were two lawyers and a financial advisor, which also demonstrated his professionalism.

Shen Fei sat in the main seat, expressionless, as if this investment had nothing to do with him.

"Everyone, I believe you have all read this investment proposal carefully," Huang Tianya said, his voice gentle yet carrying an undeniable authority.

"After investigation, Huaxin Investment believes that Transsion's innovative model in the African market has great potential. We value it at 400 million Chinese yuan and plan to invest 280 million yuan to acquire a 70% stake."

The meeting room gasped in shock. 70%—this wasn't an investment; it was an acquisition spree.

Zhao Zhigang, one of the original shareholders, who held 2% of the shares, couldn't help but speak up: "President Shen, we...we didn't say we wouldn't sell the company, did we?"

And this valuation... could there be a trap? We were losing money not long ago, when did we become so valuable?"

"Mr. Zhao, valuation is about the future," Huang Tianya interrupted him with a smile. "Transsion's first-month sales in Nigeria are expected to exceed 20 units, with monthly revenue exceeding $600 million."

At this rate, annualized revenue could reach 500 million Chinese yuan.

Although the profit margin is a bit low, our valuation of 400 million is already quite conservative.

Another shareholder, Li Ning, who held 3% of the shares, whispered, "President Shen already holds 90% of the shares, and we only have 10% in total. If he sells another 70%, then what will happen to our shares as minority shareholders..."

Although he originally had no say in the matter, he was still unwilling to reduce his shareholding.

"Don't worry, Mr. Li." Huang Tianya picked up the teacup on the table and took a sip: "President Shen is willing to dilute it proportionally. We are investing, not acquiring, so everyone's proportions will not change."

In other words, after the financing, Mr. Shen's shareholding dropped to 27%. Although everyone's shareholding decreased, the relative proportion did not change, and it even appreciated.

In other words, although everyone's shares have decreased in value, they are now worth more.

Everyone is calculating that if Shenfei is diluted to only 27%, then Huaxin will be the undisputed major shareholder with undisputed say, and these old-timers will become outsiders.

"Oh, right." Huang Tianya seemed to suddenly remember something: "President Shen will personally transfer 2% of his shares to Huaxing Investment, bringing Huaxin Investment's total shareholding to 72%."

Everyone now fully understood that this was blatant capital manipulation, but no one objected.

First, the money offered was far too much. Based on this valuation, their shares, which were originally worthless, are now worth dozens of times more.

For example, the 3% stake held by Li Ning, which might have been worth only a few hundred thousand a month ago, is now worth 1200 million.

Secondly, news of Zhang Mingyuan's case has already spread. This former vice president is under investigation for embezzlement, commercial bribery, and other crimes. It is said that the amount involved is substantial, and he is estimated to be out in about 10 years.

Everyone knew it was Shen Fei's doing.

As for point 3... Huaxin Investment is clearly affiliated with Shenfei.

Huang Tianya? Huaxin Investment, an investor I'd never even heard of, suddenly appeared and offered to invest 2.8 million yuan in Transsion, and Shen Fei even easily relinquished absolute control...

This act is so poor, they can't even be bothered with the pretense.

"I agree." Zhao Zhigang was the first to raise his hand. He understood that if he followed Shen Fei, he could at least get some benefits, but if he objected, he probably wouldn't even get a bowl.

"I agree too," Li Ning raised his hand.

The remaining three minority shareholders exchanged glances and then raised their hands one after another.

"Unanimously approved." Shen Fei finally spoke, his expression unchanged.

"Huaxin Investment is a large international capital firm. With their support, Transsion will enter a phase of rapid development and become more standardized."

As the saying goes, "Without rules, there can be no order." I, Shenfei, will not let you down. I hope you can all keep up...

"Of course, if we can't keep up, then... I can only apologize. After all, we are going international in the future, and we need to be meticulous in all aspects to succeed. This isn't anyone's personal property; it's a large international corporation."

Of the two hundred million dollars, one hundred million will be used for expansion in Africa. Before they can react, we should seize the market.

5000 million will be used for R&D of the next generation of products, 3000 million for domestic channel development, and 3000 million to supplement working capital.

Shen Fei then looked at the shareholders. Although they were once key contributors, they were now dragging Transmission down...

"When people get old, the era belongs to you young people."

Mr. Huang, I wonder if Huaxin is still willing to acquire shares. Your large group shouldn't be short of my small amount, right?

If possible, I'd like to retire and go home...

After these words were spoken, the meeting room fell silent once again.

Li Ning and the other three immediately stared wide-eyed at Zhao Zhigang. Transsion Technology was clearly about to enter a period of rapid development; having this small share would have meant a comfortable retirement. Why...?

But soon they all sighed in unison...

One step wrong, step by step wrong.

I shouldn't have listened to Zhang Mingyuan's instigation back then; I should have stood up and vehemently opposed it like Chen Hai.

"I also want to retire now..." another minority shareholder said.

Although Li Ning was somewhat unwilling, he silently nodded in the face of this trend.

Huang Tianya seemed to have been prepared all along, handing each of the five of them a share transfer contract.

They were once meritorious contributors, and this share transfer agreement was based on a valuation of 4.5 million yuan for them to acquire... This can be considered the biggest concession Shenfei has made.

They expressed their gratitude and readily signed their names on it. With this, Shenfei completed its 100% acquisition of Transsion Technology!

The shareholders swarmed out, and no one dared to utter a single word.

When only the two of them remained in the conference room, Huang Tianya finally dropped his professional facade and said with a wry smile, "President Shen, this performance of yours... even I feel like it's a bit of bullying."

"Bullying someone?"

Shen Fei walked to the window and looked at the departing group: "Back when they started the business with my father, when the company was in trouble, they didn't think about getting through the difficulties together, but rather how to sell the company and make a quick buck for themselves."

Zhang Mingyuan even wanted to sell my father's life's work, worth 200 million, to a competitor for a pittance.

He turned around: "Tianya, remember not to be a saint in the investment market..."

Huang Tianya, a top investment expert with absolutely solid skills and abilities, certainly wouldn't make these minor mistakes; he's just a little sentimental...

"Understood. So, from now on... we'll continue to operate in the American market and provide funding for the company."

"Hmm, besides that..." Shen Fei pulled up another strategic map. "Africa is still too chaotic. I need you to set up an offshore company in the Cayman Islands and design a multi-tiered holding structure to ensure our money can come back..."