Mr. Kane Got Blacklisted (Stella and Keegan) novel Chapter 418

Chapter 418

Keegan lowered his eyes and gave an affirmative response before Cordelia continued, "Hand over the 'Opulentus’ project to Mr. Walford for the time being. Apologize and issue any necessary statements. We have to clean up the aftermath of this situation thoroughly.

"Understood," Keegan said.

However, a shareholder questioned the severity of the punishment.’ Cordelia, isn't this punishment too lenient?" he asked.

Although the punishment may have seemed severe, it did very little to harm Keegan. Everyone in the Vinci Rivera Group knew that Keegan's biggest asset was Semiconductor Technology, a company he had aggressively acquired and invested a significant amount of research funds into. At the time of the acquisition, many shareholders opposed the proposal, leaving the Vinci Rivera

Group with only ten percent of the shares, while the remaining fifty percent were Keegan's personal investment. However, Semiconductor Technology made a breakthrough in research this year.

Who would have thought that a cottage-scale company would turn the tables in a few years and become the most promising chip semiconductor company in the industry today?

When Semiconductor Technology was struggling to generate profits, the shareholders did not want to invest in it. But, when it began to make money, they started to feel envious. Many shareholders now felt that Vinci Rivera Group's investment in it was too meager and made multiple attempts to acquire shares in Semiconductor Technology. However, Keegan rejected their offers each time.

The potential for Semiconductor Technology to soar once it became publicly listed was undeniable. With Keegan holding over fifty percent of the company’s shares, the financial gains would be enormous, multiplying several times over like a snowball rolling down a hill. It was enough to make anyone envious.

Cordelia glanced at the person and asked, "What do you suggest then, Derrick?"

‘Well, this incident has caused significant losses to us shareholders. Since Keegan has expressed his intention to compensate us, why not have him sell twenty percent of the shares in Semiconductor Technology to Vinci Rivera Group?"

Cordelia could not help but chuckle at Derrick’s proposal. "Derrick, correct me if I'm wrong, but weren't you the one who vehemently opposed Keegan's acquisition proposal for Semiconductor Technology back then? You argued that the research and development team wasn't mature enough, the investment was too large, and the results were uncertain.