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Chapter 221 The Tengyi New City project has been suspended!

w"Of course!" A pair of Cook's sharp eagle eyes were filled with cold light, and he said sternly: "No matter what, the ultimate computer they launched before also involved in infringing our intellectual property rights. This is a fact. We must sue them! I have read the indictment written by the lawyer, but it is still not detailed enough. The lawyer needs to continue to refine it. Ten days later, a lawyer's letter was sent to Tengyi Electronics, asking them to stop this infringement!"

"Okay." Emmonsen nodded seriously.

"Today, Tengyi Electronics held its first quarter financial report this year and announced its plan to develop the overseas market of Yazhi Computer. Now that the Indian market has been opened by them, Yazhi tablets will definitely bring a strong impact to our Asian market. In the near future, they will even enter our local market and must take strong measures to counterattack Tengyi Electronics! Otherwise, once Yazhi Computer seizes the market's initiative in advance, the computer products we develop in the future will die before they can be launched. This hidden danger poses a serious threat to the future development of our company and must be eliminated as soon as possible!" Cook said with a gloomy face and cold voice.

"Okay, Mr. President, no matter what special means Tengyi Company used to convert our intellectual property rights, after all, the ultimate computer they launched before involves infringement, which is conclusive. We can use this to defeat it!" Emmonson said.

"Yes! You must bite and not relax!" Cook said seriously.

Tengyi Electronics' stock received a very favorable impact on various data in the first quarter financial report. The next day, it opened high and closed high. When it reached the closing stage, the stock price hit a new high, reaching 1,397 yuan per share, and is about to break through the 14 yuan mark.

The stock of Shen's Group is still fluctuating and adjusting, and has remained at around 13 yuan. Although this stock price is already very low, it at least makes the Shen family breathe temporarily.

Shen Yi plans to acquire Shen's Group in the future, so naturally he must not let Shen's stock become junk stocks. To keep Shen's stock, that is, to keep the 15% equity gain that he currently has secretly controlled.

Since he stole the information from Xia Qian through "Mando Misha" that Apple wanted to sue Tengyi Electronics, he immediately started preparing and contacted Qin Wei, the director of the R&D department, to multiple parties. He hired a more authoritative lawyer in the intellectual property rights of China. The person's name is Meng Fanzhi. He established Fanzhi Law Firm in Yanjing City. The main purpose is to file a lawsuit on intellectual property rights.

Shen Yi spent a lot of money to hire Meng Fanzhi as the legal counsel of Tengyi Electronics Company to help the company prepare and fight an intellectual property lawsuit with Apple.

Meng Fanzhi visited the headquarters and computer manufacturing base of Tengyi Electronics. After reading all the information provided by Tengyi Electronics, he smiled and said, "Mr. Shen, don't worry, if Apple dares to sue us, I will definitely let us win the case!"

"Why do you say that?" Shen Yi asked with a faint smile.

"Haha, let me tell you what I think. I just read it. In fact, you Tengyi Electronics are ready to prevent Apple's accusations. The new ultimate computer is the same as the old product models, but the new computer does not involve infringement of intellectual property rights and is priced higher than the old product. So we can completely deny that the previous product was made by Tengyi Electronics and was produced by other counterfeit manufacturers. Anyway, Apple has not obtained evidence in this regard, so we are very likely to win the case." Meng Fanzhi smiled lightly.

"Okay, Lawyer Meng, please help us plan and make full preparations. Wait for Apple to sue us!" Chen Yilang smiled.

Ten days later, Tengyi Electronics indeed received a letter from Apple's lawyer. The content was very simple, which was to ask Tengyi Electronics to stop all infringements, otherwise the consequences would be borne by themselves.

Chen Yi laughed at the backpaid, and the lawyer's letter was just the prelude to the litigation war between the two parties, and now he is waiting for the other party to take action.

However, after Apple sent this lawyer's letter, after more than 20 days, the other party did not take further action, which surprised Chen Yi. Could it be that Apple just sent a lawyer's letter to warn him?

Tengyi Real Estate's Tengyi New City project has been in construction for more than four months. Currently, the foundations of ten high-rise buildings in the first phase of the project have been laid, and the above-ground parts have been built to the fourth floor. It is planned to open on June 1 this year.

Then, just a month before the opening, a bad news came from Tengyi Real Estate. The Nanzhong Municipal Government urgently stopped the Tengyi New City project because the project involved military construction land and the procedures were incomplete. The work must be suspended and waiting for approval. Once the approval is not approved, the project will have to be discontinued!

After receiving this news, Chen Yi felt the seriousness of the situation. He invested almost all the working capital of Tengyi Real Estate in this project, including a series of expenses such as early publicity, totaling 500 million yuan, of which 200 million are bank loans. Once the project is discontinued, Tengyi Real Estate cannot afford such huge losses and cannot afford bank loans, and then it will go bankrupt.

Currently, Chen Yi's main funds are used to acquire shares of Shen's Group, and the show has been very long. Although he can withdraw funds from Tengyi Electronics to support real estate, 500 million yuan is not a small amount after all, and as long as there is a glimmer of vitality, it must be kept.

Therefore, after hearing this news, Chen Yi immediately flew back to Nanzhong City to understand the specific reasons for the project being stopped.

Five hours later, the plane landed smoothly at Nanzhong City Airport.

Chen Yi got off the plane, got on a special car sent by Tengyi Real Estate Company, and headed straight to the Tengyi New City project address.

When I arrived at the project location, I saw the construction site that was once very busy. Now that the building was empty, all of them were stopped, with cold seals sticking at the door, which made people feel very disgusted when they looked at it.

Chen Yi had no expression on his face, but he just asked the driver to circle around the Tengyi New City project. He felt a little uncomfortable and muttered to himself: "Damn, who was secretly stumbling on me? I must investigate this matter clearly!"

He asked the driver to drive back to Tengyi Real Estate headquarters, which was the six-story office building bought by Tengyi Electronics.

Chen Yi returned to the company and found that everyone from Tengyi Real Estate's leaders and employees seemed very frustrated. The project was stopped, which cast a shadow on the prospects of the entire company.

Chen Yi immediately convened the middle-level and above leaders of Tengyi Real Estate to the conference room for a meeting to understand the specific situation and discuss the response plan.

After a while, the leaders of Tengyi Real Estate came, including Tengyi Real Estate Deputy General Manager Tian Dagang, Deputy General Manager and Engineering Director Zhao Pengcheng, and leaders from other departments, a total of ten people came to attend the meeting.

Everyone's expression was ugly, with a worried face and a low mood, as if the frost was made of eggplant.

"Don't be so frustrated. Be excited. Isn't the project just stopped by the municipal government? It doesn't matter. We can find the reason and try to get the project to restart as soon as possible." Chen Yi smiled faintly, and a confident look appeared on his face.

He knew that the more he reached this critical moment, the less he could not show a frustrated expression like everyone else. He had to be optimistic so that he could encourage everyone to cheer up and solve the problem.

"Dagang, tell me the details about the incident." Chen Yi turned his head and looked at Tian Dagang and said seriously.

"Okay." Tian Dagang's face was sweating coldly and said in a deep voice: "It was yesterday. The Provincial Construction Department and the Nanzhong Municipal Government jointly inspected the project procedures of our Tengyi Real Estate. After searching, we found that the project site was the original military construction site, but we lacked an approval from the General Logistics Department of the People's Liberation Army, so they stopped this project and when will the approval from the General Logistics Department be obtained before the work will resume."

"So that's how it is. Are there anything else we have except the approval from the General Logistics Department?" Chen Yi asked in a deep voice with his eyes.

"The main thing is to reduce this approval document." Tian Dagang said.

"We bought this land from Tiecheng Real Estate at the beginning. Can we still contact their people now?" Chen Yi asked again.

"Mr. Chen, I can't contact you anymore. Tiecheng Real Estate has gone bankrupt. The boss has gone overseas." Tian Dagang said apologetically and guiltily: "Mr. Chen, I have to bear the main responsibility for this matter. It was the land I negotiated with Tiecheng Real Estate. Tiecheng Real Estate concealed the fact that this is military construction land. I was negligent at the time of inspection, which caused the current situation. I have to bear the main responsibility and ask the company to punish me."

"Dagang, it's not the time to hold the responsibility accountable, and things may not be as bad as you think. It's normal for us to make mistakes when we started doing real estate. Not to mention you, even if I negotiated with Tiecheng Real Estate, I may be careless, so what we need now is to make up for the loss." Chen Yi said seriously.

"Yes, we must resume work as soon as possible, otherwise it will be too unfavorable to us. If the bank loan cannot be paid, we will seal our company." Zhao Pengcheng's face was the worst, and he seemed worried because Tengyi Real Estate has his shares and he is the second largest shareholder. After all, Chen Yi has Tengyi Electronics as the backing, but he only has Tengyi Real Estate's equity. Once the company goes bankrupt, his losses will be huge.

"Please rest assured. Today I solemnly promise you that even if Tengyi Real Estate suffers huge losses due to the discontinuation of the Tengyi New City project, it will not go bankrupt. I will draw funds from Tengyi Electronics to make up for this hole." Chen Yi's words also gave Tengyi Real Estate people a reassurance, so that everyone should not have too many concerns and do their best to solve the current problems.

The people present really looked much more relaxed. Zhao Pengcheng continued: "Mr. Chen, in fact, there are two main directions to solve the current problem. One is the Provincial Department of Construction and the Nanzhong Municipal Government. This time they jointly sealed it up, and they also have the right to unblock it. It is nothing more than using money to open joints. Now there are many plots of land incomplete procedures across the country, so why do we stop us? It is obvious that we want to take advantage of the situation! Another direction is the General Logistics Department of the People's Liberation Army. As long as we obtain their approval, even if the Provincial Department of Construction and Nanzhong Municipal Government are stuck with us, it will not work!"

"Yes, Mr. Zhao is right. I plan to do a two-pronged approach and find a way to resume work as soon as possible." Chen Yi's eyes fluttered and he said seriously. Welcome to your support, which is my greatest motivation. m
Chapter completed!
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