Car-hailing Driver: Rewards from Complaints-Chapter 256 - 162: Facilitating the Merger to Create the World’s Largest Club

Chen Jinhai and Chen Jinying both shook their heads in refusal, insisting that the feud between them was impossible to reconcile.

Yang Chen put away his smile and said, "It seems you two are very selfish. You’re only thinking about your feud, completely disregarding the interests of us shareholders. The customers have clearly stated that unless the two merge, they will all cancel their memberships. Once there’s a mass cancellation, both Jinhai and Jinying’s reputations will be ruined. What will happen to the money we shareholders have invested? Will you two compensate us?"

When it came to their own interests, the shareholders became proactive.

"That’s right! We’ve invested so much money, and now there are signs of breaking even. We can’t let your feud ruin it." 𝙧𝙚𝙚𝔀𝒆𝓫𝓷𝙤𝓿𝒆𝙡.𝒄𝙤𝓶

"In the past, however you two fought, we didn’t interfere. But now it’s different. The customers have clearly stated that only a merger will keep them. We can’t just stand by and let you mess around."

"Enough is enough. You’ve been fighting for over a decade, and now you’re both middle-aged. What can’t be resolved? The merger is necessary for both parties. Divide and you’ll die, merge, and you’ll thrive. Can’t you see that?"

"We all agree with Mr. Yang that a merger will create the largest golf club in Dragon Country. This way, we’ll all make more and recoup our investments faster."

...

Chen Jinhai: "I don’t agree to the merger. I’m a major shareholder; I have the final say."

Chen Jinying: "I also don’t agree to the merger!"

Yang Chen: "If you two put it that way, you’re disregarding the interests of so many shareholders. Since you’re being unreasonable, we’ll have to stick to business. Everyone, if the two Presidents Chen don’t agree, I hope the rest of us can join forces. From now on, for anything they propose, we’ll unite and vote against it. Since they’re not considerate, we don’t need to show mercy. Once both their businesses collapse, we’ll join forces to take over the venue and open a new club. We’re doing what the customers want; there’s no need to worry about not having customers then."

The shareholders’ eyes lit up, and they all nodded in agreement with this plan.

"Haha... Mr. Yang invested so much money in shares of both clubs for a reason, it seems."

"I think young people should have ideas. Otherwise, how are they different from us old folks?"

"I support Mr. Yang’s plan. My 100 million investment can’t go to waste. It doesn’t matter to me who’s in charge, but I have to make money."

"Exactly. I feel the same way. It doesn’t matter who’s the majority shareholder; what’s important is making money. Then we support it. Presidents Li shouldn’t be upset. If it were your real money at stake and things turned out like this, you’d have thoughts too, right?"

...

Li Jinhai and Li Jinying were at a loss for words.

They didn’t want to merge but felt the shareholders made a lot of sense, leaving them with no argument.

At this moment, both Li Jinhai and Li Jinying received reports from their secretaries that the customers were causing a stir by demanding refunds again. The situation was out of control, and they needed to return immediately to assess the situation.

The two had no choice but to hurry back to see what was happening.

It’s unclear who spread the rumor in the member group that Jinhai and Jinying were going bankrupt, causing all members to rush in to demand refunds.

No matter how much Li Jinhai and Li Jinying tried to explain, it was futile. The customers insisted on refunds.

Even the police were called, and they were mediating the situation.

For high-end clubs like this, customers usually deposit significant amounts. To reassure them, many clubs allow for refunds.

Therefore, regardless of the reasons, if customers demand refunds, they are justified. The police are now persuading the club to fulfill the agreement and quickly prepare funds to process the refunds.

The problem now is that customers are panicking, but if both clubs collapse, their deposits will be lost.

Li Jinhai and Li Jinying’s words no longer held weight, and no matter how they reassured, customers wouldn’t listen and unanimously demanded refunds.

The two couldn’t persuade their customers to abandon the idea of refunds and had to resort to seeking Yang Chen.

Li Jinhai: "If the two clubs merge, how will the shares be divided?"

Li Jinying: "Anyway, I can’t have less than him."

Yang Chen: "The two clubs will merge at equal value, and all shareholders’ shares will be halved. After the merger, the club will be renamed Haisang Elite Club."

Li Jinhai: "Then both of us will each hold 22.5%, and you’ll still hold 30%. You’ll become the majority shareholder."

Yang Chen: "Isn’t that great? If either of you were the majority shareholder, the other would definitely be dissatisfied. I become the majority shareholder with only 30% of the shares, so you can still team up with other shareholders to check me. To put it bluntly, I’m just a nominal majority shareholder; it’s still a struggle between you two. After all, you are siblings. If you team up someday, wouldn’t it be up to you? In this current situation, there is no turning back. As soon as the news spreads, both clubs are done for. It’s like the bank announcing a bankruptcy; depositors will definitely rush to withdraw, and no one can stop it."

Yang Chen’s words were not wrong, and the crisis faced by the two clubs was equivalent to a bank run.

Either gather enough money to pay the customers back.

Or give them a reason to be assured.

The customers have clearly stated their only reassurance is a merger, so Li Jinhai and Li Jinying had no other choice but to accept the merger.

Chen Jinhai and Chen Jinying rolled their eyes at each other for a moment.