Female Novel
Chapter 418
Chapter 418
Keegan lowered his eyes and gave an affirmative response before Cordelia continued, "Hand over the'Opulentus’ project to Mr. Walford for the time being. Apologize and issue any necessary statements.We have to clean up the aftermath of this situation thoroughly.
"Understood," Keegan said.
However, a shareholder questioned the severity of the punishment.’ Cordelia, isn't this punishment toolenient?" he asked.
Although the punishment may have seemed severe, it did very little to harm Keegan. Everyone in theVinci Rivera Group knew that Keegan's biggest asset was Semiconductor Technology, a company hehad aggressively acquired and invested a significant amount of research funds into. At the time of theacquisition, many shareholders opposed the proposal, leaving the Vinci Rivera
Group with only ten percent of the shares, while the remaining fifty percent were Keegan's personalinvestment. However, Semiconductor Technology made a breakthrough in research this year.
Who would have thought that a cottage-scale company would turn the tables in a few years andbecome the most promising chip semiconductor company in the industry today?
When Semiconductor Technology was struggling to generate profits, the shareholders did not want toinvest in it. But, when it began to make money, they started to feel envious. Many shareholders now feltthat Vinci Rivera Group's investment in it was too meager and made multiple attempts to acquireshares in Semiconductor Technology. However, Keegan rejected their offers each time.
The potential for Semiconductor Technology to soar once it became publicly listed was undeniable.With Keegan holding over fifty percent of the company’s shares, the financial gains would be
enormous, multiplying several times over like a snowball rolling down a hill. It was enough to makeanyone envious.
Cordelia glanced at the person and asked, "What do you suggest then, Derrick?"
‘Well, this incident has caused significant losses to us shareholders. Since Keegan has expressed hisintention to compensate us, why not have him sell twenty percent of the shares in SemiconductorTechnology to Vinci Rivera Group?"
Cordelia could not help but chuckle at Derrick’s proposal. "Derrick, correct me if I'm wrong, but weren'tyou the one who vehemently opposed Keegan's acquisition proposal for Semiconductor Technologyback then? You argued that the research and development team wasn't mature enough, the investmentwas too large, and the results were uncertain.
That's why you persisted on reducing Keegan's suggested forty percent stake to just ten percent,"Cordelia pointed out. "Keegan personally funded the research and development. After all the hardwork, now that it has finally paid off, everyone is scrambling for the shares. Semiconductor Technologyis Keegan's personal investment, so it's not my place to make decisions on his behalf."novelbin
Derrick's face immediately turned red. He did not expect Cordelia to be so straightforward.
Cordelia continued, "Vinci Rivera Group has been through a lot of tough times, but we've alwaysmanaged to get through them as a team. We used to be able to sit down and calmly discuss how tohandle a crisis. But now, we're just trying to figure out who to blame and how to limit our own losses. Ifwe can't stick together through the good times and the bad, then there's no point in having thesemeetings. If anyone has a problem with that, they can just sell their shares and leave."
With those words, the room fell silent.
The sudden threat from Cordelia to have the shareholders withdraw their shares had caught everyoneoff guard. Although it was clear that this temporary crisis would not lead to the downfall of the VinciRivera Group, the scene was created more likely for the sake of salvaging their own losses rather thanfor the company’s welfare. However, the notion of relinquishing their shares was simply out of thequestion. They had reaped significant profits over the years, all thanks to the success of the VinciRivera Group. How could they easily give up their shares?
"We will conclude today's meeting unless there are any objections. However, I want to make it clearthat if anyone chooses to take any covert actions instead of addressing their objections here, I will nottolerate it."
The meeting finally came to a temporary end after Keegan had surrendered the "Opulentus", a chipsemiconductor project. On the other hand, the Vinci Rivera Group still had to deal with the onlinecriticisms that followed. Regardless, they had to give the public an explanation.
When they left the meeting, Jackson stopped and looked at Keegan. He suddenly said with a mockerytone, "I didn't expect you to be so devoted to love. What a pity."
Keegan frowned. But, Jackson just walked away after he said that.
Cordelia had been in the meeting until late at night and was feeling a little tired. So, she did not staylong after the meeting ended.
While Keegan was in the car, he watched the video repeatedly with a frown on his face.
"Aldor, did you tamper with this video?" he asked.
"I didn't. This is exactly how it was when I retrieved it from the university. There was no sign of madamin it," Aldor replied.