But if they're only making money off this one line of business while the others are all bleeding, the company can't hold out.
Word on the market is that Longchen Group is already rumored to be heading for bankruptcy restructuring.
BMW is demanding that the joint-venture car business be spun off, and that BMW put in 2 billion to buy 25% of the shares. That way BMW would hold 75% of the JV's equity and gain absolute control.
If Longchen Group doesn't agree to this plan, BMW will cancel the authorization and once the contract expires, they'll just walk away.
You could say Longchen Group doesn't have any say at all; everything depends on what BMW wants.
And with a company like that, the boss still has the nerve to strut around.
Yang Chen smiled and said to Zhen Jin, "Little junior, hurry back to work. I gotta go and keep delivering takeout."
Zhen Jin nodded and turned to head back.
