Rebirth of Cyber ​​Hegemony

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"All the shareholders are here, so let's start."

Chen Xiao, chairman and CEO of Yongle Appliances, sat in the middle of the shareholders meeting.

Next came Chen Yu and Zhang Jianming, representatives of Huanyu Technology, and representatives of Beth Capital.

Of course, there are also several minority shareholders who also took the seat.

It's just that the shares of other minority shareholders are very small, almost negligible.

Whether they vote or not has no effect on the resolutions of this shareholders meeting.

"As you all know, since we established our first store in Shanghai Stock Exchange, our scale has now grown to 301 stores. It can be said that we have achieved great success. However, the offline market is extremely competitive, Suning, Dazhong and Guomei are our main competitors. In addition to them, there are also local home appliance brands in various provinces."

"We know that the home appliance is a capital-intensive industry, and it requires huge capital to occupy every market. Among them, if we rely solely on our family, it may be difficult for us to compete in the future market. So, I came up with the idea of ​​joint development with other home appliance companies. Everyone knows the rest."

"Last week, we at Yongle formally received an offer from China Magnesium. The price was RMB 10 billion. This price is 20% higher than the market price. This also reflects China Magnesium's sincerity and attention to our Yongle. In addition, , Although it seems that this is an acquisition by China Magnesium for our Yongle. In fact, I prefer to think it is a cooperation. After China Magnesium and Yongle join hands, Yongle will continue to maintain independent development and own Yongle. brand."

Chen Xiao briefed the shareholders on the scene of Guomei's acquisition of Yongle this time.

"I believe this cooperation with China Magnesium can expand the scale between the two on the one hand, and on the other hand, it can better integrate the resources of the two brands and enhance the competitiveness of the company. Of course, all of this is my personal responsibility. The idea, since it is a shareholder meeting, I would also like to hear the opinions of other shareholders."

After speaking, Chen Xiao looked at Chen Yu.

Chen Yu shook his head and said, "Mr. Chen, I don't have any comments. Let's express your opinion."

The general meeting of shareholders said that it was purely superfluous.

Who will listen to you?

It’s not a debate. No matter how good your debate is, I’m sorry, how should I vote or how should I vote.

"In this case, in order to respect the rights and interests of all shareholders, we are now starting to vote on the agenda of Mr. Chen Xiao, Chairman and General Manager of Yongle, whether to accept the acquisition of Guomei Electric. Please raise your hands in agreement."

As the host, the deputy general manager starts the voting ceremony of the shareholders meeting.

After speaking, Chen Xiao was the first to raise his hand.

In addition to small shareholders, several other small shareholders also raised their hands.

These minority shareholders are representatives of 47 employees who founded Yongle Electric with Chen Xiao.

Their shareholding is about 1%.

Chen Xiao owns 42% of the shares. With these employee shares, the approval vote reaches 43%.

As for Chen Yu's side, of course it was impossible to agree, so he didn't raise his hand.

Chen Xiao didn't care about this.

He never thought that Chen Yu would agree.

But it doesn't matter if Chen Yu disagrees. He had discussed with Beth Capital before the shareholder meeting.

As long as Bain Capital supports itself, even if Chen Yu disagrees, it will have no effect.

Subsequently, Chen Xiao looked towards Bain Capital.

To Chen Xiao's surprise, the Bain Capital representative did not raise his hand.

"On behalf of Bain Capital, is there anything else you don't know?"

Seeing Bain Capital's president of China, John, sitting there motionless, Chen Xiaobian was a little panicked for just a moment.

If Bain Capital disagrees, his founder said it would be useless to break the sky.

He really wanted to ask directly, what's going on, didn't he agree with it?

What are you doing now, without even raising your hand.

"Dong Chen, we don't have any clues."

Bain Capital said with a slight smile.

"Then you don't agree with this acquisition?"

"no."

"Then you are?"

"Some of us at Bain Capital can't see the prospects of this acquisition, so we abstained."

In fact, there are also voting abstentions.

According to the process, the moderator will raise his hand if the person who agrees after reading, and then he will raise his hand if the person who disagrees.

Finally, those who abstain, please raise their hands.

This is the three voting process.

But now, the last two processes need not be said.

Bain Capital has already expressed its attitude, and they abstained.

Although abstaining is not against Chen Xiao, in fact, abstaining now has the same effect as opposing him.

Bain Capital holds about 24% of Yongle's equity.

As for Chen Xiao's side, only 42% of the votes were approved, not more than 50%. This time the motion was rejected.

"Mr. John, I think it is necessary for me to tell you about the cooperation with China Magnesium this time."

Chen Xiao couldn't think of it.

At the critical moment, Bain Capital unexpectedly chose to abstain.

But he knew that he must win the support of Bain Capital.

Otherwise, this time the acquisition will go bankrupt.

You know, the acquisition of Guomagnesium not only has a premium of more than 20%, but Huang Guangyu also agreed to let Chen Xiao be the CEO of Guomagnesium. Although this seems to be Guomei's acquisition of Yongle, in fact, everything is managed by itself. It's just that the head office returned to China.

"Chen, Bain Capital has already voted, do you need them to vote again?"

At this time, Chen Yu finally spoke.

Yes.

That's right.

The reason why Chen Yu is so successful is that he has already reached a cooperation with Bain Capital.

In fact, after taking a stake in Yongle, Chen Yu got in touch with Bain Capital.

As for this time Bain Capital will abstain from voting, on the one hand, it is optimistic about Huanyu Technology, on the other hand, it is also because Chen Yu has agreed to a condition of Bain Capital to become a shareholder in Friends.com.

Yes.

Chen Yu asked Wang Chang's social network friend network in the United States to follow the opening guide given by Chen Yu. Although it cannot be said to be on par with Facebook, it also shows great potential. For this website, the major investment companies are very concerned. And when you know that Friends.com is still a subsidiary of Huanyu Technology in China, a group of investment companies are more interested.

Among them, Bain Capital is a capital that has always wanted to invest in Friend.com.

Of course, for Friends.com, Chen Yu is not short of funds for the time being. The reason for accepting Bain Capital’s investment is on the one hand for this shareholder meeting, and on the other hand for the future development of Friendship.com. As for the reason, it is normal. If you set up a website in a country like the United States without any American capital, it is very dangerous.

Of course, Chen Yu had considered this a long time ago.

In the future, he will always compete with a series of giants in the United States, and Friend Network is a twist between him and the capital of all parties.

He will promote the listing of Friends.com in the United States and absorb countless capital from all over the world.

Through this capital, Chen Yu can relieve a lot of pressure brought by the United States.

Even if it is a choking, as long as Chen Yu is closely connected with these capitals, these capitals can make huge profits under Chen Yu's circle. Then, these capitals can change everything you can't imagine.

Of course, this is a very difficult thing, but if you move towards this step, you might be able to succeed.

obviously.

In the eyes of Bain Capital, Yongle Home Appliances is naturally inferior to Friends.com, and even more inferior to Huanyu Technology.

This is why Bain Capital abstained.

"It turns out that President Chen has been waiting for me here."

Seeing Chen Yu seemed to have expected it, Chen Xiao suddenly realized.

He understood that Chen Yu must have reached a cooperation with Bain Capital, and only then did he perform a scene at today's shareholders meeting.

"Ok~www.wuxiaspot.com~You are great, you won this time."

Putting down the harsh words, Chen Xiao felt that he should wash himself with cold water to calm himself down.

He has to reflect on it carefully, in which link he made the mistake.

"Wait, President Chen, don't rush away."

Seeing that Chen Xiao was leaving, Chen Yu said quickly.

"Ms. Chen, is there anything else?"

"There is one more trivial matter. After dealing with this trivial matter first, it will not be too late for President Chen to leave."

"What's the matter, Mr. Chen, just talk about it."

Coldly, Chen Xiao sat back to his original position.

At this time, Zhang Jianming stood up and said: “Chen Yu, director of Huanyu Technology Co., Ltd., the major shareholder of Yongle Home Appliances, submitted the second item of the shareholders’ meeting and revoked Mr. Chen Xiao’s position as the chairman of Yongle Home Appliances. The position of the CEO of Le Appliance..."