Chapter 825 - 305: I Absolutely Guarantee the Nation’s Interests (Part 4)

Chapter 825: Chapter 305: I Absolutely Guarantee the Nation’s Interests (Part 4)

Others also chimed in, hoping Yang Chen could have a good chat with Li Xin.

Yang Chen smiled and replied: "The matters between Chairman Li and me could be written into a novel, turned into a commercial war drama. I feel we could never finish our talks. Chairman Li, what do you think?"

Li Xin: "President Yang, there’s no need to be so aggressive. It’s not necessarily true that you can do whatever you want to me."

Yang Chen: "If I don’t kick you out today, then my trip here would be in vain. Everyone, my apologies, I need to visit the restroom. Whatever you want to know, let Chairman Li fill you in."

Subsequently, Yang Chen stood up and left.

The Hai City Government representatives promptly asked Li Xin what he had done to Yang Chen.

Li Xin was completely unwilling to say anything, keeping his head down and silent.

Next to him, Savov spoke up and explained the whole context of the situation to everyone clearly.

Everyone shook their heads in resignation, it seemed Li Xin could not be saved, which was unexpected to them. Previously, during meetings discussing the restructuring of the Longchen Group and the reform of the Longchen BMW joint venture, no one had anticipated replacing Chairman Li Xin.

Deputy Director Chen thought for a bit, and hurriedly made an excuse to go out to consult with Director Li.

After about more than half an hour, all participants returned.

Director Li cheerfully said: "Mr. Ramu, President Yang, everyone, my apologies for taking up your time. I have reported and consulted with the leadership, and we have urgently agreed on a decision to meet BMW Group’s request for interest-free loans for Shen Yang’s super battery factory. 2 billion US dollars, 5-year term, rest assured, there’s no problem."

Yang Chen originally planned to use Hai City Bank as a backstop, but now with leadership’s agreement, he did not need to worry.

Ramu: "Haha...good. Now we can discuss the third issue, which is the reform of Longchen BMW Group. However, before discussing this issue, we need to first discuss another matter. From our BMW side, we believe Mr. Li Xin’s personal ability is limited, he cannot continue as Chairman of Longchen Group, and needs to be replaced by a more capable person. Under Mr. Li Xin’s management, Longchen Group has been deteriorating each year and now faces bankruptcy restructuring. If not for the stable profits provided by the Longchen BMW brand to Longchen Group, I think Longchen Group should have undergone bankruptcy restructuring five years ago. We, BMW, being an international brand, cannot allow partners to undergo bankruptcy restructuring. We need someone capable to become Chairman of Longchen Group. If this requirement cannot be met, there is no need to discuss the reform issues of Longchen BMW, we’ll directly reclaim authorization, and Longchen BMW will become history."

After Ramu finished speaking, he smiled and looked at Yang Chen.

Yang Chen also responded with a smile toward him.

Deputy Director Chen had already reported to Director Li earlier, and Director Li consulted with the leadership of the State-owned Assets Supervision and Administration Commission, and the leaders gave the opinion to agree on changing the Chairman candidate.

Therefore, when Ramu brought up the demand to replace Li Xin, Director Li agreed without any hesitation.

"No problem. Chairman Li, you understand the situation yourself, I won’t explain further. You can leave now and wait for notification from the State-owned Assets Supervision and Administration Commission." Director Li said.

Li Xin argued: "This isn’t an unforgivable mistake, truly no opportunity given at all? I’ve managed Longchen Group for so many years, even if I haven’t accomplished much, I’ve worked hard. Does it have to be done so decisively?"

Yang Chen immediately said: "You still have the nerve to speak. At that time, brands like Jinbei under Longchen Group were so famous, look at what you have turned them into. On the internet, people discuss more about Wuling, is anyone discussing Jinbei? Two other automobile brands even directly disappeared. At least over ten years ago, mentioning domestic cars, brands like Long Hua were still bought by people. Who can now remember Long Hua automobiles? Such a good brand name was destroyed by you, and still you claim you have hard work even if not achievements. A good hand of cards ruined like this, how can you have the audacity to say that?"

Li Xin lowered his head, embarrassed to speak.

Director Li: "President Yang is right, the country gave you a good hand of cards but you played it into springtime, it’s truly unforgivable. Mr. Li, please leave first, we have more important things to discuss and irrelevant people should avoid."

Li Xin bitterly laughed and said: "One moment I was the Chairman of Longchen Group, the next moment I’m irrelevant. Even if to take me down, it should be decided by the board, right? At least for now, I am still the Chairman of Longchen Group."

Director Li: "Are you trying to cause problems for yourself?"

Li Xin froze for a moment, then exhaled lightly, stood up, and left.

If it were another type of company, Li Xin could indeed insist that as long as the board has not issued a notice, he’s still the Chairman.

But when it comes to a state-owned enterprise, whether he’s the Chairman is a matter of a simple statement; if he insisted on waiting for a board vote, it would just be causing trouble for himself.

After all, the President of BMW will not wait for Longchen Group to finish their board meeting before discussing matters related to Longchen BMW.

Director Li cheerfully said: "Mr. Ramu, President Yang, can we now discuss the restructuring of Longchen BMW Company?"

Ramu: "Certainly. I have discussed with Mr. Yang, to ensure the stability and longevity of Longchen BMW, after restructuring, BMW will hold 60% equity, Longchen Group will hold 30% equity, and Mr. Yang’s friend, Miss Xue, will hold 10% equity."

Director Li: "Mr. Yang, this equity distribution seems quite inappropriate. Originally, BMW and Longchen Group each held 50%, and now it becomes BMW 60%, Longchen Group only 30%, plus your friend Miss Xue’s 10%, this is too unreasonable."

Yang Chen: "Director Li needs to understand a principle, BMW can withdraw authorization and can choose other companies for partnership, it doesn’t have to be with Longchen Group. Longchen Group is already undergoing bankruptcy restructuring, what’s its negotiation qualification? Giving Longchen Group retained 30% equity is already good. This decision is final; if Director Li can’t make a decision, you may call to check."

Director Li indeed dared not make decisions, so he quickly stepped out to call and consult leadership.

After another more than half an hour, Director Li returned and nodded to accept this equity distribution.

Yang Chen phoned to call Xue Yinong to come in, and the three parties clarified the decision face-to-face on equity distribution.

Thus, what originally planned as a full-day meeting concluded in less than two hours.

Director Li specifically invited Yang Chen for a private conversation.

Director Li: "President Yang, you have become BMW’s second-largest shareholder, you should strive for more interests on Dragon Country’s behalf."

Yang Chen: "Have I not done enough to strive for Dragon Country’s interests? Do not view every matter separately; view them interconnectedly. Do you think if you were negotiating with Ramu, how much Dragon Country needs to pay to persuade BMW to build a new factory in Dragon Country, rather than expanding investment in the United States? With Hai City Factory in production, matching Shen Yang’s super battery factory, BMW’s main production site for future electric cars will undoubtedly be here. Have you thought about how many jobs can be created and how much tax revenue can be increased? Longchen BMW profited only tens of billions annually, even if all given to Longchen Group, what would it matter? Furthermore, I deliberately introduced my friend Xue Yinong, allowing her to hold 10% equity; combined with Longchen Group’s 30% equity, during critical moments, their alliance can veto BMW’s proposal. Plus, with my 21% equity in BMW Group, our alliance absolutely can ensure nothing harming Dragon Country’s interests can be done by BMW. And BMW is building a new factory in Dragon Country instead of expanding its U.S. factory, definitely facing pressure from the U.S. side. Doesn’t it rely on my 21% equity to ensure BMW’s investment plan in Dragon Country proceeds smoothly?"

Director Li was left speechless, he evidently misunderstood Yang Chen’s stance and ideological consciousness due to his petty-mindedness.

Subsequently, Yang Chen said: "You inform the leadership, my ideological consciousness is upright, I am aware of which country I belong to. In the future, when encountering such matters, align with me, I definitely won’t harm national interests. I have arranged lunch at Tang Pavilion, you should accompany Ramu for lunch."

Director Li: "Understood, my vision was too narrow, my apologies. President Yang, won’t you join?"

Yang Chen: "No, lunch time is approaching, I still need to do food delivery."

After speaking, Yang Chen turned and left.

Director Li stood speechlessly, watching Yang Chen’s figure, bewildered amidst the wind...