Female Novel
Chapter 852
Chapter 852
Yvonne Rainey wore a mournful expression, "Young Master, all the money has been spent. The entire
ten billion was used to buy Chester Group's stocks. Our company now has not a single penny left on
the books!"
Ken Nance asked in a hurry, "So how many shares of Chester Group have we acquired now?"
Yvonne Rainey hesitated, "Approximately forty percent!"
"And how many shares does Esther's family still hold in Chester Group? Are we the largest shareholder
of Chester Group?" Ken Nance asked immediately after.
If Nance Group was the largest shareholder of Chester Group, then all problems would be solved. All
Nance Group needed to do was to take over the entire Chester Group as the largest shareholder. Atnovelbin
that time, they could kick Esther's family out of Chester Group, then use Chester Group's money to
supplement Nance Group's cash flow!
Yvonne Rainey said with a mournful face, "Esther's family still holds sixty percent of Chester Group's
shares!"
Hearing this, Ken Nance was stunned. Nance Group spent ten billion to buy Chester Group's stocks,
but Esther's family still held sixty percent of the shares. This meant Esther was still the largest
shareholder of Nance Group. So what use was him being the second-largest shareholder?
After calming himself, Ken Nance roared, "Quickly sell all the shares of Chester Group!"
It seemed that the plan to acquire Chester Group had failed. Keeping these Chester Group's shares
had no use. The best solution was to sell all the Chester Group's stocks and cash out at a high price!
This could not only solve Nance Group's cash flow problem, but he could also make a fortune!
Yvonne Rainey said with a bitter face, "Young Master, we can't sell now! Chester Group is still
continuously issuing shares, the stock price is not rising, but falling. If we sell our stocks now, we will
probably suffer a huge loss…"
At this point, Yvonne Rainey didn't know what to say. That is to say, not only could Nance Group not
control Chester Group, but they could also lose a lot of money! Remember, Esther still held sixty
percent of Chester Group's shares. Even if Esther diluted her shares by ten percent, she would still be
the largest shareholder of Chester Group. And Nance Group had no money to continue buying Chester
Group's stocks!
"How could this happen?"
"How could this be?"
Ken Nance was completely dumbfounded.
He had been full of confidence before, thinking that Nance Group's strong cash flow could successfully
acquire Chester Group. But now, not only had he failed to acquire Chester Group, but all his money
was stuck in the stock market, and Nance Group's cash flow had completely dried up!
Seeing Ken Nance looking like this, Yvonne Rainey was hesitant to speak, "Young Master, there's
another thing, I don't know if I should tell you?"
"Speak!"
Ken Nance glared at Yvonne Rainey.
What time was it now?
What else was she hiding?
Yvonne Rainey cautiously said, "Chester Group has launched a counter-acquisition plan, buying up our
Nance Group's stocks on the market."
Hearing this, Ken Nance sneered, "Heh! Chester Group wants to counter-acquire our Nance Group,
they've miscalculated! Our Nance Group's shares on the market are less than twenty percent. Even if
Chester Group bought all of it, it wouldn't matter."