Chapter: 5792

Lu You Feng took a deep breath, looking gloomy: 'Dad, I'm telling you the truth. I've been feeling for a long time now that our line of business isn't as good as we thought. The competition is too fierce;'

'And besides, you said we're always developing in Yunnan, and our resources and networks are only here. But this place's industry doesn't develop well, and the transportation isn't convenient either. We can't even switch to producing tea-related beverages and still be outcompeted by others. The case of Old Grandma is a good example. Before e-commerce emerged, they were the first in the jam category, but after e-commerce came along, they were quickly left behind...'

Lu You Feng finally gathered his courage and said to Lu Zhi Cheng: 'Dad, I think we should either find a suitable successor or sell the company and retire. You've worked hard for half your life, it's time to enjoy your retirement.'"

Lu Zhi Cheng chuckled and countered, "Find a successor? You're too picky about finding one. You don't think well of this industry, so why should others think well of it? We're now at our most awkward, bigger companies are also reducing their expenses, it's impossible for them to buy us out. The smaller new brands that play the quick-profit game would hate to invest in us today and make a profit tomorrow, let alone spend money buying us out. They'd even look down on us as a manufacturing plant. Why? Because our tea production costs are too high! If the law didn't exist, they'd want to use rotten tree leaves as tea leaves and sell them, how could they possibly buy from us?"

Lu You Feng sighed and asked him, "Is there no opportunity to get out with a reasonable profit?"

Lu Zhi Cheng nodded and said, "There is. According to the capital market's calculation, combined with our net assets, our company's fair value should be around 10-12 billion. We won't pursue high premiums; an eight billion deal would be reasonable. But this price, no one will offer it because there's no room for them to give us a premium if we set the price at five billion or below. If we set it at four billion or below, it's likely we can sell it."

As he spoke, Lu You Feng added, "But four billion is too low; at least we should aim for seven billion?"

"Seven billion?" Lu Zhi Cheng wrinkled his nose and disdainfully said, "You're dreaming big. It's better to think about how to get those wholesalers drunk tonight so they'll agree to a 4:5 deal and quickly sign the contract."

Lu You Feng couldn't help but say, "Dad, dreams are always worth having, what if it comes true?"

Lu Zhi Cheng got impatient and said, "If someone wants to buy at seven billion, I'll run around the Peace Road naked three times!"

Lu You Feng heard this and suddenly looked disheartened. He had thought that with a small discount, they could sell out, but he never expected his father to be so pessimistic.

Just as the father-son duo were both feeling gloomy, the door suddenly burst open and the secretary rushed in like a madman, shouting, "Chairman... there's... there's tremendous news!"

Lu Zhi Cheng was already agitated, seeing the secretary rush in without knocking, his anger quickly rising. He yelled, "What time do you think it is when you forget to knock on the door?"

The secretary didn't bother to scold, swallowing hard as he gazed at Lu Zhi Cheng and his son Lu You Feng, his excitement barely contained. "Chairman, it's the Su family group... that nationwide No.1 Su family group! Their CEO just called to say they want to chat with you about a takeover!"

~@~ Is this really true!

The secretary's words left both Lu Zhi Cheng and his son Lu You Feng staring with their mouths agape.

The Su family group's name, they had naturally heard of it, after all the Su family was the strongest family in China, with absolute dominance at home.

In contrast, Zhiceng Group, although called a group, couldn't even get listed on the main board yet, let alone mention its name in Dianan. In Pu'er City, it could barely be considered a well-known company.

Both father and son were even afraid to dream about being acquired by the top-notch Su family group like this.

After all, there was such a huge gap between them, with Su family's assets exceeding Zhiceng Group's by thousands fold.

So, Lu Zhi Cheng looked at the secretary with an incredulous expression, asking: "Aren't you just kidding me? The Su family group wants to talk about acquiring us?"

The secretary looked dejected and said: "Chairman, how could I be joking with you? She really said that on the phone, and if you're available and interested, she'd like to schedule a video conference to chat."

Lu Zhi Cheng looked at his son, Lu You Fong, with a glance and then asked: "You Fong, what do you think?"

Lu You Fong didn't hesitate to exclaim: "Scam! Definitely a phone scam! How could this group of people from northeastern China be so despicable! Their scams are getting more professional by the day! In the past, they would just pretend to be company leaders and trick accounting departments into transferring funds. Now they're starting to play with takeover scams!"

As he spoke, he also cursed: "Dad, how could these people not even bother to design a decent storyline? Pretending to acquire this idea is actually quite good, but the details are too lacking. You should at least pretend to be a company like Giant Group in our industry, and then we might believe them for three to five years. Instead, they're directly pulling off something with the Su family group, treating people like fools! What's wrong with them? Why don't they just pretend to be Elon Musk?" JrNovels.com