#259 - Chapter 259 Shares of Star Dream Technology

Zheng Qingshan frowned and said, "Star Dream Technology is now one of the most important subsidiaries of the Xu Group, contributing a lot of profit. Would they give it up?"

Pan Jia: "President Zheng, times have changed. Star Dream Technology's development is largely thanks to the wars of the past two or three years."

"And now it's getting more and more competitive."

"Our Tianhe Group has also entered the fray. We have the overseas capital giant, the Vetter family, backing us. What ability does the Xu family have to compete with us?"

"Selling when the momentum is good makes the shares valuable. When Star Dream Technology is really failing, who would buy the shares they want to sell?"

Zheng Qingshan nodded slightly.

What Pan Jia said was not without reason.

"President Zheng, business competition is very cruel. We've invested a lot of money, and we have to get a piece of the cake."

"I still have a way out. At worst, I'll go abroad. If your Zheng family gets on board, do you have a way out?"

Zheng Qingshan's face changed slightly.

The Zheng family has not been doing well for the past two months. He analyzed the reasons, which may be related to the Xu family and Lin Chen.

He had some conflicts with the Xu family and Lin Chen. Even if Lin Chen and the Xu family don't target them, some people may silently distance themselves from the Zheng family.

This will definitely affect the Zheng family's business.

Lin Chen and the Song family have also been getting closer. After much consideration, Zheng Qingshan has to find a powerful backer, otherwise, life will be even harder in the future.

So, when Pan Jia approached him, he agreed. Pan Jia's husband's family has tens of billions of euros in assets, a very strong force.

Moreover, they have the even more powerful Vetter family behind them.

"I will contact some people."

Zheng Qingshan said in a deep voice.

Having chosen this path, he can only continue. If it works, the Zheng family can break into the international market.

Their strength will be even greater.

If it doesn't work, they will suffer heavy losses.

At that time, they may face even greater pressure. The Zheng family may collapse, and they will be nothing.

"President Zheng, you can do it."

"As long as we work together, the future will definitely be bright."

Pan Jia said with a smile.

After Pan Jia finished speaking, she retreated. She came up with the idea, but Zheng Qingshan is better at the specific execution. Her lack of experience might mess things up.

Zheng Qingshan pondered.

Soon, he had someone secretly spread the news.

"Star Dream Technology actually lost an order for 100,000 units. The order was snatched by Tianhe Group. This newly established Tianhe Group has a really strong momentum."

"Rumor has it that after losing such a big order, the president of Xu Group went to Xinjiang for a vacation with her husband."

"Is Star Dream Technology's overtime work now just a show? Is the Xu Group planning to sell Star Dream Technology?"

Various negative comments emerged on the Internet.

Xu Guofeng soon received the news. A strange light flickered in his eyes. Which good person is helping them?

With Lin Chen's technology, he keenly judged that Star Dream Technology will definitely have a very good future.

But there are already many people on this car.

Star Dream Technology is a subsidiary of Xu Group. As the parent company, Xu Group holds 51% of the shares.

The other 49% of the shares, 24% are in Xu Mengyao's hands, and the other 25% of the shares are in the hands of others.

For example, the former CEO of the drone company they acquired.

Previously, the Xu family of Xu Group held 51% of the shares. The Xu family indirectly held about 26% of the shares of Star Dream Technology through the parent company.

Adding Xu Mengyao's 24%, it was only 50%.

After the Zhao family withdrew, the Xu family's group shares increased slightly.

Now, the Xu family's direct and indirect shares in Star Dream Technology barely reach 51%.

To be more secure, they need absolute control.

They need to reach 67%.

"The Xu family indirectly holds 27%, plus Mengyao's 24%, it's only 51%. They still need 16%."

Xu Guofeng muttered to himself.

If the other shareholders firmly support them, he will not force anyone off the car, but if someone wants to get off halfway, Xu Guofeng will not try to keep them.

"Beep beep!"

Xu Guofeng dialed Xu Mengyao's phone.

"Mengyao, there are comments online targeting Star Dream Technology."

Xu Mengyao: "Dad, I just saw it. And some shareholders have already contacted me to inquire about the situation."

Xu Guofeng said, "What did you say?"

Xu Mengyao: "Of course I reassured them that the company is operating normally and they don't need to worry too much."

Xu Guofeng asked, "What did you say about the company working overtime to produce?"

"Dad, I told them the truth."

"I can't hide the company's situation from the shareholders. As for who my husband bought it and resold it to, that's the customer's secret. I definitely won't tell others."

Xu Mengyao said.

Xu Guofeng: "Perhaps we can take this opportunity to recover some equity. Ask Lin Chen if he's interested."

"Okay, I'll ask him."

Xu Mengyao said.

...

In another place, a CEO was walking back and forth.

"Lao Huang, what are you doing?"

The CEO's wife asked.

"Star Dream Technology lost an order for 100,000 units. President Xu's husband bought 50,000 units to relieve the urgent need. Do you think Star Dream Technology will decline in the future?"

A look of worry appeared in President Huang's eyes.

He used to be the CEO of a drone company. After the company was acquired, he obtained some funds and also received 6% of the shares of Star Dream Technology.

In the past two or three years, the domestic economy has been sluggish, and the funds he previously obtained have lost almost everything.

But Star Dream Technology's valuation is nearly 10 billion, and his 6% of the shares are worth much more than before.

"Lao Huang, you want to sell those shares?"

President Huang's wife asked.

President Huang nodded: "I do have such a plan. If the international situation improves, or competition intensifies, it may lead to a decrease in the company's valuation."

"It will be difficult to sell at that time."

His wife said: "Will it continue to develop?"

President Huang considered: "The possibility is decreasing. First, there is DJI above, and DJI is too strong; second, more and more capital is entering the drone industry now."

"Like Tianhe Group, its backing is extremely strong."

"Xu Mengyao's timing of entering the market was very good, but her real strength is difficult to compete with those capital giants."

President Huang's wife: "Lao Huang, I saw on the Internet that Star Dream Technology is still working overtime. And giving high bonuses."

President Huang: "There may be foreign customers who are in urgent need. But these 50,000 units will be completed soon. What about later?"

"Can there still be orders later?"

President Huang's wife said: "Lao Huang, the company is facing trouble. Wouldn't it be a little unkind for you to withdraw at this time?"

"Kind?"

"It's just business."

President Huang said, "I'll ask President Xu if she wants it. With our family's situation, we can't continue to take risks with her."

President Huang's wife nodded slightly.

"It's better to secure the profits."