Reaching the age of thirty, my income randomly doubled

Chapter 266: Chapter 197 Starlight Over the City_3

In order to expand influence, Chen Pingsheng decided that all university student council members could get free tickets.

You should know that in university, the student council is quite a powerful group.

This was him picking his audience.

Additionally, senior white-collar workers from major companies could also go for free.

Though the number is said to be ten or twenty thousand, the largest concert venue in Capital City can actually hold sixty thousand people.

If you're going to do it, do it big.

At the time, there would be at least a few hundred people responsible for maintaining order on-site.

To make a name for himself with a bang, Chen Pingsheng was determined to invest a hundred million in organizing this Antler Coffee concert.

He would also spend another two hundred million on finding a facade design and renovating in Magic City.

His wife even asked him how long it would take to spend five hundred million, and the answer was just over a month.

Time flies.

In the blink of an eye, it was the middle of September.

While the whole Tengying Metropolis was still busy preparing for the Antler Coffee concert, Bobo Milk Tea was officially listed on the stock market in Xiangjiang.

The shares were priced at 7 yuan each, with nearly two hundred million shares issued initially.

Right after the initial offering, the share price slightly increased, but then Magic City suddenly exploded with rights protection news.

Many franchisees gathered at the door of Bobo Milk Tea, engaging in large-scale rights protection.

Chen Pingsheng immediately rushed to Magic City.

...

Bobo Milk Tea, headquarters.

A small western-style building that wasn't too tall had been rented half a year ago to be Bobo Milk Tea's new headquarters in Magic City.

When Chen Pingsheng arrived, there were already quite a few franchisees gathered here.

Holding signs outside, they shouted for refunds.

There were no signs of trouble before the listing, but as soon as it was listed, all these people jumped out all at once.

To say there was no one organizing them, he didn't believe it.

But in the past half year, Bobo Milk Tea had indeed grown too rapidly.

As a result, it became a target.

Of course, it was also because of issues within the company that people paid attention.

After Chen Pingsheng arrived, Yang Qian, Chu Qiuyan, and the others were all here.

He had already seen the news on his way over.

The main point was that Bobo Milk Tea was mismanaged, with two Bobo Milk Tea shops popping up in less than five hundred meters on the same street.

There were also cases of direct sales stores competing with franchisees for business.

The news coverage was incredibly detailed; he wouldn't be able to learn so much without a month of visiting and research.

The impact of the news directly caused the stock price in Xiangjiang to drop below the issue price.

This was not a good sign.

If Bobo Milk Tea ran into troubles now, it would make it much more difficult for Antler Coffee to go public in the future.

"With evidence and photos, regardless of who meticulously orchestrated this, I want to know how you plan to deal with it?"

Chen Pingsheng stood in front of the floor-to-ceiling window, his back to the room, watching the franchisees waving their banners and demanding rights downstairs.

Yang Qian was the president here, and such a critical incident occurring on the first day of listing naturally left her accountable.

The key was that they were completely unaware of the problem beforehand.

Yang Qian said, "There are over seventy franchisees here for the rights protection, and the main issue is that they want a refund, not just the franchise fee but all the money they invested."

"Oh… And why do they want a refund?"

"Because the business is bad, leading to losses."

"What caused the bad business?"

"The opening of multiple franchise stores in close proximity."

After Yang Qian's explanation, Chen Pingsheng angrily said:

"How close is close proximity? I have said before that no second Bobo Milk Tea store is allowed within two kilometers. What is the situation now, with three stores appearing within five hundred meters? How are you managing?"

"More importantly, have you ever thought that franchising a Bobo Milk Tea store costs one hundred thousand, and with renovations and hiring staff, the investment is at least three hundred thousand.

"For you, three hundred thousand might not be much, and for me, it isn't even the cost of a meal. But look, many of the people downstairs are moms who stay home with their kids.

"After the child turns one, they want to do something and manage to get their husbands and mothers-in-law to agree to invest tens of thousands to open a milk tea shop, only to lose everything due to your negligence in management."

"Do you think they just lost tens of thousands? What they lost could also include a happy family."

"Put yourself in their shoes for a moment. If something like this happened to you, wouldn't you think about seeking vengeance, even contemplating murder?"

What Chen Pingsheng could not accept was forgetting one's origins as an ordinary person after becoming successful.

Putting himself in their place, if he and his wife Song Yanxi had not yet made it big.

Their kind of family, then his wife Song Yanxi empties the savings to seize an opportunity, opening a milk tea shop.

And in the end, they lose everything because of someone else's mistake.

What would he do then?

Divorce his wife? No, he would set the company headquarters on fire in anger.

Tens of thousands.

Of course, this isn't much for the truly rich, but for ordinary people, it's enough to set the stage for family breakdown.

What he found even more unacceptable was that Yang Qian and the others were at a loss in handling such a situation.

"Bring them up, serve them good tea, and treat them well."

Chen Pingsheng arranged for them to come up, creating a raucous, voices louder than the next.

If you're wrong, you must take responsibility.

A big company must not overlook the interests of others.

"You must give us an explanation, or we'll sue all the way to Capital City, and we won't stop."

A beleaguered mother rushed over, staying in a tiny single room shared by several people.

Her hair was a tangled mess.