hotmtlnovel Chapter 119: Logistics
Chapter 119: Logistics
Jenny adjusted the camera on her laptop, making sure her face was centered before clicking the ’Join’ button on the video call.
Amelia Ward’s face appeared on the screen almost instantly, her neutral expression morphing into a smile.
"Jenny." She greeted her. "I heard the news. How are you holding up?"
"Better than I expected." Jenny replied with a smile of her own. "I didn’t become interim chairman but I expected it."@@@@
"Besides, considering the uphill battle we’re fighting, every step forward feels like a small victory, so that’s one advantage of it."
Amelia nodded in agreement. "And you’re making those steps count. The division’s progress has been impressive, Jenny. It’s not just me who thinks so. Everyone is starting to take serious notice."
"That’s good to hear." Jenny said before moving to the purpose of the call. "So, what’s next on our plate?"
Amelia leaned forward slightly, pulling up a document on her end. "I’ve been analyzing potential opportunities for our next investment."
"While social impact remains important, we need to start leaning more heavily toward profit. Apex at its core isn’t about doing good. It’s about staying competitive in the industry. So, we need this to appeal to those who are after profit."
Jenny nodded thoughtfully. "Do you have a specific target in mind?"
Amelia smiled. "I do. There’s a logistics tech company called FleetForward Logistics. They’ve been revolutionizing supply chain management with their tech solutions.
"Their technology reduces inefficiencies, cuts costs and significantly lowers carbon emissions for their clients. It’s exactly what Apex needs right now. Something that they can drive for profit and profit only even if there’s a social impact side to it."
"Sounds promising." Jenny studied the document on the screen as Amelia shared her screen. "What’s their current valuation?"
"They’re hovering at around $400 million." Amelia said, her tone serious. "They’ve been looking for a significant capital injection to scale their operations globally. If we move quickly, we could secure a stake that gives us a strong foothold in the logistics tech space. And I’m sure you know what having a global company like this under your umbrella can do for your profit margins."
Jenny frowned slightly, already calculating the numbers in her head. "How much are we looking to invest?"
"$200 million for a 25% stake." Amelia replied. "It’s a significant amount but the returns could be substantial. Their projections show a potential fivefold growth over the next five years."
The team nodded in agreement and Jenny glanced around the room.
"If there are no further questions, let’s get to work. I want a formal proposal drafted by the end of the day and someone needs to start liaising with FleetForward’s leadership."
She stood. "Let’s get to work."
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While the division’s teams were working like worker bees downstairs, Jasmine was seated in the chairman’s office, enjoying the view.
Her mother had left the office to her and now worked exclusively from her home office, just as it should be. She already had the power of the throne in her hand, all that was needed was to solidify her position and that means Jenny had to be defeated.
Her victory had to be absolute.
She’d been sitting on approving Jenny’s ESG fund but from the message she’d received from her mother through Martin, she had no choice but to approve it.
She sat as she thought about her next move. Jenny had momentum and it had to be stopped. That was when her secretary entered.
"Ms. Voss." The secretary presented her with a tablet. "There’s a new development you might want to look at."
"What is it?" Jasmine asked as she collected the report.
Her eyes moved around the screen, reading the report on Jenny’s upcoming investment in FleetForward Logistics.
"$200 million?" She muttered under her breath as she saw the details. "That’s bold, even for her."
Then a thought occurred to her and a grin appeared on her face. "Jenny thinks she’s clever, doesn’t she?"
She’d have to show her just who was the chairman of this company.
She turned to her secretary. "Get me everything you can on FleetForward’s leadership and operations. I want to know their weaknesses, their vulnerabilities, and any skeletons in their closets."
"There is a bug that must be crushed"