Invincible Young Master in the City -
Chapter 281 - 281 277 Li Zhaojun's Guilt
281: Chapter 277: Li Zhaojun’s Guilt 281: Chapter 277: Li Zhaojun’s Guilt Slap!
A loud smack landed on Xiao Yichen’s cheek, immediately raising a swollen handprint on that half of his fair face, but Xiao Yichen dared not show anger and could only lower his head.
The next day, just after ten in the morning, inside the luxurious and spacious office of the chairman of the Tongyi Group building.
A man in his early fifties, bearing a slight resemblance to Xiao Yichen, continued to angrily point at Xiao Yichen’s nose after slapping him, saying, “This is all your brilliant idea!
Now the board of directors, after we snatched away Emali Group’s ‘Gi Lung Detoxification Pill’ patent, can hardly wait to kick me out!
How did I raise such a lousy son who’s such a screw-up!
…”
The man who berated Xiao Yichen until he was soaked in metaphorical blood was none other than the chairman of Tongyi Group, Xiao Litong, Xiao Yichen’s father.
The previous night, Monday in the United States time, Tongyi Group’s stock plunged as soon as the market opened, and then it was fiercely attacked relentlessly by international short-sellers, regardless of cost.
Although Tongyi Group had already invested a substantial amount of money in the stock market in an attempt to save themselves, it was still to no avail.
Eventually, last night Tongyi Group’s shares had plummeted by twelve percent!
Not only that, first thing in the morning, Xiao Litong received a phone call stating that Tianjun Group, a partner for five or six years, suddenly demanded Tongyi Group settle debts of two or three billion yuan.
At that moment, Xiao Litong thought it was a collaborator of many years, as well as half an old friend, and said directly that he had no money and would settle in another quarter.
Unexpectedly, Tianjun Group turned hostile immediately, giving Tongyi Group three days to clear the payment or see them in court.
At the same time, they took this as a reason to terminate the partnership.
Tianjun Group was a very important partner to Tongyi Group.
If Tianjun Group really terminated its cooperation with Tongyi Group, it would undoubtedly be a disaster for Tongyi Group.
Although he managed to temporarily stabilize Tianjun Group, from the tone of Tianjun Group’s old chairman, the outlook was not promising.
He had just finished talking to Tianjun Group’s old chairman when he immediately received a phone call from the chief financial officer of Tongyi Group, stating that a bank loan agreement, which had been all set, was suddenly not granted by the bank, with the excuse of a change in higher-level policies!
The stock being attacked by international short-sellers and plummeting, leading to heavy losses, Tongyi Group was counting on a sizeable bank loan to save them, and now suddenly the bank refused to grant the loan—this was practically taking Tongyi Group’s life!
Xiao Litong cursed Xiao Yichen for a while, and finally, tired from scolding, took a moment to catch his breath.
Xiao Yichen raised his head to defend himself, saying, “The stock plunge of the group might not necessarily be Li Zhaojun’s doing.
She doesn’t have that kind of power.”
“Li Zhaojun might not have that power, but does the Li family not have that power?” Xiao Litong retorted angrily, “And you still dare to argue!”
Xiao Yichen, holding his ground, said, “Although Li Zhaojun is a member of the Li family, she has been significantly marginalized by them.
The Li family wouldn’t cause such a huge stir just for her!”
“Humph!
So, are you saying that all the attacks the group has suffered lately are fake?” Xiao Litong sneered, “In the past one or two years, the group has not made any enemies.
It’s only because of your instigation at the board meeting a couple of weeks ago in snatching Li Zhaojun’s ‘Gi Lung Detoxification Pill’ patent.
Who else could be behind the group’s suffering if not Li Zhaojun?!”
Xiao Yichen was about to continue his defense when Xiao Litong shouted in a rage, “Enough, stop making excuses!
Do you think by shirking responsibility the group will stop being attacked?
Do you think after you argue with me, the board will believe the matter really has nothing to do with us?”
Xiao Yichen’s face darkened, and he lowered his head, saying, “Dad, I was wrong.”
“Hmph!” Xiao Litong grunted heavily, “Wait until this crisis is over, then I’ll deal with you!”
“Now, you go to Emali Group immediately and personally beg Li Zhaojun for mercy, return the ‘Gi Lung Detoxification Pill’ patent to Li Zhaojun, and ask her to back off!”
After saying this, he picked up a copy of the signed and sealed ‘Gi Lung Detoxification Pill’ patent transfer agreement from his desk and threw it into Xiao Yichen’s face.
Xiao Yichen picked up the transfer agreement and said with his head lowered, “I will go right now.”
Half an hour later, in Emali Group’s Chairman and CEO office.
Xiao Yichen lowered his stance considerably and said to Li Zhaojun with a hint of pleading in his voice, “Li Zhaojun, the board of Tianjun Group knows they were wrong.
They have decided to transfer the ‘Ji Lung Cleanse Tablet’ patent to Emali Group unconditionally.”
“So, I ask of you, please spare Tianjun Group this time.”
As he spoke, he presented the ‘Ji Lung Cleanse Tablet’ patent transfer agreement to Li Zhaojun, who was seated on the luxurious office chair.
Li Zhaojun’s pretty face remained cool as she glanced at the patent transfer agreement, then said indifferently, “For you to unconditionally transfer such a valuable patent to us, I truly cannot accept it.
Concerning the ‘Ji Lung Cleanse Tablet’ patent, our Emali Group will only take it up with Hua Hai University Biomedical Research Institute.”
“Yes, yes, yes,” Xiao Yichen replied with a forced smile, “I will immediately return the ‘Ji Lung Cleanse Tablet’ patent to Hua Hai University Biomedical Research Institute.
I believe that once Hua Hai University Biomedical Research Institute gets the patent back, they will immediately fulfill the patent transfer agreement with Emali Group.”
Saying so, he took back the ‘Ji Lung Cleanse Tablet’ patent transfer agreement.
Li Zhaojun then said lightly, “Hua Hai University Biomedical Research Institute is also welcome to settle out of court, but they must cover the more than fifteen million that Emali Group has spent on this lawsuit.”
“Of course, that is only right.
It was Hua Hai University Biomedical Research Institute’s mistake, so it is only fair they take responsibility.
We at Tianjun Group will urge them to cover these costs.
Furthermore, we will also press them to compensate for the loss that Emali Group has suffered during this time, no less than thirty million,” Xiao Yichen said.
Tianjun Group had no control over Hua Hai University Biomedical Research Institute, so of course, the compensation Xiao Yichen mentioned would come out of Tianjun Group’s pocket.
Li Zhaojun gave a slight nod.
Seizing the opportunity, Xiao Yichen said, “Li Zhaojun, from the beginning, I was strongly against Tianjun Group’s actions to snatch the ‘Ji Lung Cleanse Tablet’ patent.
Now that Tianjun Group’s board has recognized their mistake, could you, for the sake of our many years of acquaintance, consider lifting your hand high and sparing Tianjun Group just this once?”
“Moreover, in business, it is always better to seek harmony and make money.
In this fight, Tianjun Group will certainly suffer heavy losses, but you might also end up hurting yourself significantly.”
Li Zhaojun’s gaze drifted toward the scenery outside the large floor-to-ceiling window, and she said faintly, “I’ve said before, the current situation at Tianjun Group has nothing to do with me.”
Xiao Yichen’s face fell, and just as he was about to continue groveling, Li Zhaojun added, “Perhaps returning the ‘Ji Lung Cleanse Tablet’ patent to Hua Hai University Biomedical Research Institute could ease the current situation of Tianjun Group.”
“Yes, yes, yes, I will immediately go back and return the ‘Ji Lung Cleanse Tablet’ patent to Hua Hai University Biomedical Research Institute,” Xiao Yichen said eagerly, nodding and bowing.
Seeing her objective achieved, Li Zhaojun began to shoo him away, “I’m very busy with work now, so please excuse yourself.”
“Hehe, then I won’t disturb you any longer,” Xiao Yichen said with a forced smile, then turned and left the office.
After Xiao Yichen left, Li Zhaojun stood up, walked to the floor-to-ceiling window, and gazed through the vast expanse of transparent glass into the distance, thinking to herself, “I always thought he was heartless, not caring whether I lived or died.
But when I faced my greatest crisis, he didn’t hesitate to attack Tianjun Group, taking a huge loss to help me regain the ‘Ji Lung Cleanse Tablet’ patent.”
“The Huachang Investment Fund’s approach to invest in Emali Group, relieving my plight, must also be his doing.”
Thinking of this, she clenched her fists tightly, and a tinge of guilt rose in her heart, “I’ve wronged him.”
“…But I’ve already asked him for a divorce.
What should I do now?”
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