Harvey York’s Rise to Power Chapter 1042, read free english novels. The Supreme Harvey York full story.
Chapter 1042
Lilian was taken aback for a moment. “Mother, what deal are you talking about?”
“Of course, it’s about the Silver Nimbus Company!
To help your family solve this problem, I decided to take my savings of about a hundred and fifty thousand dollars and buy stock in the company, which used to belong to Mandy.” Grandma Yates said with a smile.
“One hundred and fifty thousand dollars?!”
Simon and Lilian looked at each other.
Even though they didn’t know much about the company’s operations, they still understood that the Silver Nimbus Enterprise was worth several million dollars.
How could they just sell their equity for only a hundred and fifty thousand dollars?
Seeing their conflicting glances, Granny Yates laughed. “I know you two won’t be able to accept it now, but you have no idea how serious the situation is right now.”
“Come on, Grant. Tell your uncles and aunts about the current situation. ”
Grant Bright walked forward with a smile and said politely, “Uncle, Aunt. Let me introduce myself. I’m the deputy CEO of the project department at
Regency Enterprise and I have been in the real estate industry in Buckwood for ten years.”
Simon was stunned for a moment. “County Enterprise? The only company that can rival the Surreys in the real estate industry?”
“Yes. We also have the strong superior backing of Regency Enterprise.” Grant smiled. “Otherwise we won’t be able to do well in Buckwood!”
“Alright, first let me explain to you from a professional point of view the problems Silver Nimbus Enterprise is currently facing.”
Simon and Lilian nodded faintly. Grant definitely looks like the professional elite in every way.
Listening to it would not hurt them.
Grant continued to smile as he explained, “Silver Nimbus Enterprise is a newcomer to the real estate industry with only one project under its belt, Silver Nimbus Mountain Resort.”
“The Silver Nimbus Mountain Resort properties have all been sold out due to Senior Oskar Armstrong. About seventy percent of the villa had been purchased within a few days. The company also accepts a thirty percent deposit on every successful sale.”
“Originally, this was a good thing. With a thirty percent deposit, the resort can be completed. “
Unfortunately, we ran into a problem.”
“This project’s shoddy construction has been exposed, and someone almost died for it.”
“Those who bought the villas definitely don’t want it anymore!”
“In that case, everyone will demand a refund. According to the agreement, if the client demands a refund because of the poor quality of the house, we must reimburse him for three times the price!”
“In other words, while the Silver Nimbus Mountain Resort project has currently received a deposit of about 46.6 million dollars, it has now become necessary to compensate clients with liquid damages of 139.8 million dollars.”
“If trees are added, then the total amount is 186.4 million dollars.”
“This is the current crisis faced by Silver Nimbus Enterprise!”
Hearing Grant speak so eloquently, especially when he said that 186.4 million dollars in compensation would be required, Simon and Lilian became dizzy and almost fainted on the ground.
186.4 million dollars?
Even if they sold themselves, they still couldn’t make that much money!
Seeing Simon and Lilian falter, Keith took the opportunity to say, “Lilian, do you understand your current situation?”
“The company looks very big, but actually, it is about to collapse. You won’t be able to repay that kind of debt even in ten lifetimes!”
“I’m not interested in that company. Spent a hundred and fifty thousand dollars acquiring all of the equity from Mandy’s holdings primarily to help you all solve your problems!