There are still 3 days left before the Chinese New Year.

Every household in Nanchen Village has bought all the New Year’s goods, pasted up Spring Festival couplets, and is waiting to light firecrackers to celebrate the new year.

The two brothers had no time to spare.

Chen Lichun was busy harvesting orders in Nanchen, while Chen Lidong went to Jishi to harvest Saiyang.

The dispute over the sales contract between Saiyang and Anmei Sen Technology has been decided.

There is no suspense. Saiyang lost the lawsuit and was required to return Anmei Sen’s contract deposit of US$1.2 million and pay liquidated damages of US$3 million.

The total amount is 4.2 million U.S. dollars, which is close to the investment amount of National Metal Investment Saiyang.

The factory still owes employees a total of more than 500,000 yuan in wages, and several suppliers are also pressing for overdue materials.

Where is the money left in Saiyang's account? There are also court seals hanging in the workshop and warehouse. Although the seal period has long expired, no one has touched it.

It’s not that no one wanted to touch it. The Long brothers and sisters hired several security guards, and almost all the doors to the factory were locked.

If a hole is opened, those suppliers may take that item away. At that point, Saiyang will be completely finished.

The Long brothers and sisters, as well as National Metal, found many channels to sell the batch of strong magnetic rings that were pre-ordered and processed by Anmei Sen.

However, no one really wants this thing. Those who make motors, speakers, and bearings all shake their heads and say they can’t use it.

As mentioned before: Saiyang is a joint venture between three companies: National Metals of Liuqiu District, Hitachi Metals of Sunland, and Sanhuan Hi-Tech of Chinese Academy of Sciences.

Among them, Hitachi Metal and Sanhuan Hi-Tech are the shareholders that contribute patent rights. Hitachi Metal uses the invention patent rights of NdFeB, and Sanhuan Hi-Tech uses NdFeB sintering technology.

When Saiyang was established, National Metal Products Co., Ltd. was the investor and was regarded as a legal person share.

According to the new financial report, excluding intangible assets, liabilities and accounts receivable and payable, the company's current assets are US$4.5248 million.

Therefore, if the lawsuit is lost, the only option is for National Metal, which holds legal person shares, to pay the compensation and cash out US$4.2 million to Anmei Sen. The most realistic option is to pay out the factory.

A few days ago, the "Executive Yuan" and "Legislative Yuan" in the Liuqiu region set their work guidelines for the new year, proposing: on the basis of respecting the will of the people, expand exchanges and cooperation across the Taiwan Strait, and steadily move towards the long-term goal of peaceful reunification of the country.

Goal forward.

Therefore, despite the fact that the new year is approaching, Kong Yilin, chairman of the National Metal Products Co., Ltd., personally flew to Jishi to deal with Saiyang's affairs.

Kong Yilin is not tall, nearly fifty years old, has thin features, wears the popular Tyrannosaurus rex glasses, and looks very "trendy" in his dress.

After Kong Yilin arrived at Ji, he arranged for Long Yao to call Virgil and said: "The chairman of our holding company attaches great importance to the losses caused to your company and would like to meet with you to discuss the next steps."

Chen Lidong didn't want to drag things out all the time, so he took Virgil and Kong Yilin to meet in Saiyang.

After some talk, Kong Yilin said: "The group company is preparing to appeal to the Jishi High Court. Such a high liquidated damages are not normal."

Hearing this, Virgil took out an agreement, placed it on the conference table in front of him, and pushed it towards Kong Yilin: "Dr. Kong, the strong magnetic ring we ordered from you was entrusted by Gujies Automotive Technology Company to purchase. Due to the failure to

We have provided the required products as scheduled, and we have paid USD 3 million in liquidated damages to Goodges Automotive Technology Company.

This is a compensation agreement, and we have already submitted the relevant materials to the court, you can check it."

Kong Yilin picked up the compensation agreement, flipped through it and asked, "This... may I ask what the purpose of Gujies Automobile Company's purchase of these strong magnetic rings is? Why is there such a high penalty for breach of contract between you?"

Chen Lidong on the side said heartily, Gujies is Andre and Mary's company, we are the same company, the liquidated damages are whatever they say, the US$3 million was indeed paid, and was used to buy used cars.

He hinted that Virgil should not speak and let him deal with it: "Dong Kong, this is a business secret between An Meisen and Gujies, and we have no obligation to explain it to you.

If you just want to ask about something insignificant, I'm sorry we can't accompany you."

Kong Yilin was stunned after hearing this and asked: "Who are you?"

"Chen Lidong, chairman of Donghua Group, is also the actual controller of Anmei Sen Technology Company."

Kong Yilin was stunned for a moment, and then he realized that the mainlander he had always regarded as his translator was the real owner.

He quickly stretched out his hand and said apologetically: "Oh, I'm so sorry, I can't see the mountain."

Chen Lidong shook hands with him without saying anything.

Kong Yilin continued: "Since Director Chen has come forward in person, let's open the sky and speak openly. How do you want us to handle this matter?"

"You're asking for my opinion? Then... I suggest you go bankrupt and sell your assets to compensate us, okay?" Chen Lidong's tone was a little frivolous.

Kong Yilin slapped the table in front of him and said, "Brother, don't talk like this. This is not what you do in business."

Then he put on a solemn expression and continued: "Dr. Chen, our National Metal is very optimistic about the development of the mainland. We have the same roots.

I suggest that we hand over all the processed strong magnetic rings to you and cancel the debt between us. How about that?"

Chen Lidong laughed loudly, "Dr. Kong, don't you understand yet?

This batch of strong magnetic rings was worth US$4.8 million if it was delivered before September 30 last year; after this day, it is worth nothing!

Oh, I was wrong. They can also be crushed and recycled. The price is... equivalent to one-tenth of the original price.

We can purchase this batch of scrap products for US$500,000, and you can compensate us US$3.7 million.

how?"

Kong Yilin almost turned his nose with anger. This little guy is difficult to deal with.

"Little brother, don't push people to the edge. If both the left and the right are dead, then there is no need to talk about it."

"Haha, Director Kong, it was you who took the initiative to meet us this time, not me who begged you.

You can continue to rely on it if you want, anyway, there will be interest calculated every day."

After saying that, Chen Lidong stood up and said, "Virgil, let's go home and celebrate the New Year.

Oh...Dr. Kong, how about we settle the accounts again this time next year? The current bank loan interest rate is 10.08. Then you can give us..."

Virgil said: "$4,623,360."

"Dr. Kong... shall we meet next year?" After saying this, Chen Lidong raised his legs and really wanted to leave.

Kong Yilin quickly stood up and pulled Chen Lidong's sleeve: "Oh, Mr. Chen, brother Chen, don't be anxious. If you have anything to say, please speak slowly. It's still early!

Long Yao, you go to Ocean Seafood City to place an order, and I’ll treat Director Chen to dinner at noon.”

Chen Lidong also got off the donkey along the slope and sat back down.

Long Yao has left the room, leaving only three people in the office.

Kong Yilin looked at Virgil again, and Chen Lidong also sent Virgil away.

"Dr. Kong, do you have anything to hide?"

Kong Yilin's face stiffened and he said: "Director Chen, I am indeed optimistic about the mainland's economy, so in the past two years, Hu Jian has invested in several factories in Shanghai and southern Hunan.

This has caused us to be a little tight in terms of funds. If you have other ways of compensation, we can discuss it."

Chen Lidong thought for more than ten seconds and said: "We can acquire Saiyang. I have learned from the employees in your factory that this factory is worth approximately US$3.6 million, and you pay cash for the remaining 600,000."

"What? Nonsense! Our factory has financial reports every month. I invested 4 million back then. The factory has grown continuously in the past few years, and it should be worth 6 million now." Kong Yilin argued.

Chen Lidong thought for a while and said: "Dr. Kong, assets must be depreciated.

The initial investment of 400 is now worth 300.

I know that you hold legal person shares, and those two companies are patent stocks, so I will buy your equity to offset the compensation. What is the proportion of your legal person shares?"

Kong Yilin gritted his teeth and said: "I account for 75%, how much do you want?"

Chen Lidong said: "Just take all 75% of the shares to compensate me."

Kong Yilin was a little anxious, "Brother, don't bully others too much!

I make a product for you, but I don’t deliver it on time, and then the factory has to compensate you? That’s unreasonable!

My 75% is worth 4.5 million U.S. dollars, and your appearance is too ugly."

Chen Lidong was a little gloating: "Brother, let me ask you, can your factory be brought back to life?"

Kong Yilin thought for a while but had no words.

Chen Lidong continued, "Do you know why you ask this? Because there is a fundamental problem with your management.

Do you know what the problem is? It's because you are too harsh on your employees.

I wonder if the Long brothers and sisters have hidden anything from you. Why didn't you complete the order on time?

It's because by the beginning of September you had lost all your employees and had to stop production.

If the Long brothers and sisters don't get things done right, they can win over the employees by doubling their wages.

If the employees work a little overtime, they can complete this order, and you can make a lot of money.

But what? You didn’t, because from the day you took over these employees, you treated them as a burden.

Therefore, if you want Saiyang to resume work and production, it is almost impossible."

Kong Yilin frowned and asked: "Director Chen, why do you know so much about Sai Yang's situation?"

Chen Lidong chuckled, "Dr. Kong, because all Saiyang's employees have gone to my factory."

"Are you plotting against us? Why?" Kong Yilin said angrily.

"Director Kong, don't talk nonsense. The reason for accepting Saiyang employees is because I invested in setting up a factory in Ji City and there is a shortage of people.

This is all normal business behavior, and there is no question of who is plotting against whom." Chen Lidong said this, but he was feeling proud in his heart.
To be continued...