sbdcsierra Chapter 285 Lin: Oh no, we didn't make any money, and Old Lei got so angry he went crazy.
Chapter 285 Lin: Oh no, we didn't make any money, and Old Lei got so angry he went crazy.
At this moment, Rebus's expression was very subtle. Although he was from Rice India, Anil always referred to him as Reliable Rice, no matter the occasion.
Some people might just want to say a name, why be so fussy?
But this involves the issue of management rights and Anil's attitude.
Therefore, he never regarded rice India as an investment, but rather as his property.
Seeing Lei Jun's rather subtle expression, he simply smiled.
"I propose increasing capital and expanding shares."
Rebus's expression didn't change; he wanted to see what tricks Anil would pull.
Vodafone's shareholder spoke up: "Mr. Anil, what is the specific plan for the capital increase and share expansion?"
Could you please let me know?
I need to report this to the board of directors.
"Reliance will invest an additional $3100 million, and Rice will invest an additional $6700 million or a patent perpetual license of equal value."
Otherwise, the newly issued shares will be allocated according to the actual capital contribution.
Anil didn't smile at all when he spoke, as if this was the best option for rice in India.
But Lei Jun laughed. He, the largest shareholder, hadn't said a word, yet the other party actually…
"Mr. Anil, there are currently no plans for further investment in rice."
Moreover, as the largest shareholder, I disagree with this capital increase and share expansion plan.
Legally speaking, the plan cannot be passed if I disagree.
After all, although Rice was messed with by Anil, it still owns 67% of the shares and still has absolute control.
Anil's expression froze instantly.
"Mr. Lei, the Mi Note is selling so well, shouldn't we strike while the iron is hot?"
Expanding production capacity, expanding distribution channels, and increasing R&D investment—which of these doesn't require money, and which one isn't accumulating advantages?
Mr. Lei, there's no need for you to hold a grudge against me over this little bit of control and miss the golden opportunity.
This will only benefit the transmission of sound.
When talking about telepathy, Anil deliberately emphasized his words.
His foolish brother thought that the introduction of telepathy would make him feel anxious.
But in reality, telepathy is his best weapon.
"Rice has its own rhythm," Rebus said with a hint of displeasure. "It doesn't need an outsider like Mr. Anil to teach it."
The atmosphere in the meeting room became tense.
After all, Anil was most afraid of being criticized, especially by such an unpleasant term as "amateur."
Representatives from Bharti Airtel, acting as the atmosphere-maker, quickly tried to ease the tension.
"Mr. Lei, the window of opportunity in the Chinese market has always been very short."
India is the second largest market after France. You can refer to China for this window of opportunity.
However, given our economic development situation here, the window of opportunity may be even shorter.
Transsion is already making its moves; if Reliance Rice doesn't accelerate its efforts, it might fall behind.
"Yes, Mr. Lei. Opportunities don't wait for anyone; you'll regret it if you miss them."
As an old Chinese saying goes, there's no medicine for regret in this world.
A Vodafone representative echoed this sentiment.
Lei Jun glanced at the two opportunists and then sneered.
"Gentlemen, the matter of rice in India doesn't seem to have anything to do with Bharti Airtel or Vodafone, does it?"
After all, with only 1% of the shares, being a mere observer is enough.
The two representatives' expressions changed, turning into one of "Lei Jun, you don't know what's good for you."
Anil had calmed down by now, after all, he was indeed envious.
"Mr. Lei, they are the consultants I invited. The development of the rice company is related to the entire Indian e-commerce ecosystem."
As you said, they also have a 1% stake and therefore a voice.
Lei Bus stared at them; it seemed the other side had come prepared today.
"Mr. Lei, it's fine if we don't increase the investment."
Then we should launch a localization plan in India, build factories in India, and establish R&D funds in India.
This was the promise you made to reality back then, and it was the key reason you received those preferential conditions.
Lin Bin's expression suddenly changed; he had forgotten about this.
When the joint venture agreement was signed, Shinji added a condition at the last minute.
To safeguard the interests of both parties in the joint venture, the Indian factory must be started within two years; otherwise, Reliance has the right to convene a shareholders' meeting to force an additional capital increase.
Lin Bin carefully whispered these words in Lei Jun's ear.
Rebus nodded, but wasn't particularly worried, and continued to look at Anil.
"Mr. Anil, regarding the factory construction, I want to reiterate that rice also has its own pace, and now is not the time."
"When will it be the right time?"
Anil's voice also rose considerably, and Jax clearly sensed that the other party's patience was running out.
"Mr. Lei, Reliance Rice is a joint venture. It's not a subsidiary of the rice company. You can't make all the decisions on your own."
Otherwise, we wouldn't keep providing subsidies.
"I don't have the final say on my own," Lei Jun said, standing up with his smile. "The board votes. Now, let's vote!"
After he finished speaking, he immediately raised his hand.
"We oppose the increase in capital and controlling stake, the construction of factories, and the establishment of R&D centers. The specific schedule will be explained at the next meeting."
Anil raised his hand: "Faithful agrees."
Although they all looked towards the other two companies, representatives from Bharti Airtel and Vodafone also raised their hands in agreement.
Anil appeared to have won with four votes to two, but that was not actually the case.
Rebus stood there and said with a smile, "Mr. Anil, their shares are less than 5%, so they don't have voting rights."
Even if there were, the rice company owns 67% of the shares, I can veto it.
"Mr. Lei is right, they don't have voting rights," Anil smiled. "But they are important distributors for the rice company."
If the rice company doesn't build its offline factories on time, won't their employees have complaints? That would negatively impact rice sales.
Lei Jun opened the report that the other party had handed him and, sure enough, saw a joint signature on the last page.
I hope to have my own factory in India.
But the constant pressure also angered Lei Jun.
"Mr. Anil, you win."
However, no additional investment will be made in rice.
"Will Reliance fund the factory and R&D center themselves?"
He stood up and led Lin Bin out of the conference room.
Back in the car, Lin Bin couldn't hold back any longer.
"Mr. Lei, Anil is putting us in a difficult position, constantly threatening us with our distribution channels."
As long as we remain in this market, they can legitimately threaten us until they swallow us whole.
Lei Jun nodded. He understood these principles, so he didn't initiate the authorization process for DaMi. Half a month ago, when DaMi Note was being accelerated, the other party had tried to do this, but he stopped them...
Now it's fine... Could it be that India really isn't his glorious land?
Are we really going to go to Russia? But there are even more problems there.
Then Lei Jun sighed softly.
"mop.
"If we drag this out until Transsion and Huawei start fighting each other in the country, we'll still have a chance."
Lin Bin, who was standing to the side, glared at him instantly. It seemed that Old Lei was also provoked and had started talking nonsense...
Oh no! I didn't make any money, and my brain got...
……
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