Rebirth of Cyber ​​Hegemony

Vol 3 Chapter 686: : Who agrees and who opposes?

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Hearing Zhang Jianming's motion, Chen Xiao almost couldn't believe it.

"Mr. Chen, do you want to remove my chairmanship?"

Chen Wan smiled: "Mr. Chen, do you think it is possible?"

"Why, it's impossible that I can't propose?"

Chen Yu spread his hands: "As a director of the company, I have the right to put forward proposals."

"Who agrees, who opposes?"

Unexpectedly, Chen Yu suddenly said this sentence.

He feels like a contradiction in the movie.

However, he felt really cool to say this sentence.

He understands a little bit, why the contradictions in many movies are so arrogant.

It's not that they really want to be so arrogant.

It's the refreshing feeling brought about by such arrogance, which is simply not comparable to others.

"Vice President Liu, you can vote now."

After finishing speaking, Chen Yu looked at the vice president of Yongle Appliances, who was the moderator of voting for this shareholders meeting.

"I object."

You don't need Vice President Liu to start, Chen Xiao said first.

"We also oppose."

Following Chen Xiao's representatives of minority shareholders, he also expressed opposition at this time.

"I support."

Chen Yu naturally raised his hand.

Subsequently, Chen Yu looked at Bain Capital.

Of course, at this time, Chen Xiao, like Chen Yu, is also watching Bain Capital.

"Sorry, President Chen."

Seeing that Chen Xiao had seen this side, Bain Capital raised his right hand on behalf of John: "We at Bain Capital support the motion proposed by Director Chen Yu."

"what?"

At this moment, Chen Xiao opened his eyes wide, and couldn't believe it.

Of course, those who can't believe it also include the vice president in charge, as well as the representatives of the minority shareholders.

They thought about it, but they didn't expect it to be like this.

Even at the time, they were surprised that Bain Capital opposed the acquisition by China Magnesium. They just thought that maybe Bain Capital was not very optimistic about this acquisition. This is normal. Acquisitions of this kind are related to the life and death of a company. If it is not operated well, it may be finished. It is conceivable that Bain Capital abstained.

However, Bain Capital has changed from abstaining from voting to openly opposing Chen Xiao.

"Mr. John, are you kidding?"

Chen Xiaozhi felt dreaming.

In other words, he never dreamed that Bain Capital would want to remove him.

Because before that, they cooperated well with Bain Capital, and Yongle developed well.

As an investor, Bain Capital is to make money, and it is impossible for them to remove Chen Xiao.

What's more, Chen Xiao is also the founder of Yongle Appliances.

"Sorry, Mr. Chen, I think the prospect of e-commerce is very good, so I am very optimistic about the cooperation with Mr. Chen Yu, president of Huanyu Technology."

John said it directly.

At this time, there is no need to pretend to behave.

In fact, they abstained just now, which already represents what Bain Capital meant.

But in the end, he still has some illusions about Chen Lai.

Chen Xiao feels that there may still be insufficient communication with Bain Capital. After the shareholders' meeting is over, he can think of ways to communicate with them. But now, Chen Xiao has no chance. This time the general meeting of shareholders meant that he was swept out.

"Mr. Chen, I underestimated you."

Looking at John, Chen Xiao then turned his gaze to Chen Yu's side.

He finally understood.

In fact, Chen Yu had already arranged the shareholders' meeting this time.

Even if Chen Xiao does not hold this shareholder meeting, Chen Yu may take the initiative.

It's just that the time may not be now.

"Okay, you are great, I am convinced of the loss."

Throwing away the documents in his hand, Chen Xiao left the general meeting of shareholders with a green expression on his face.

"Then, let’s vote on the third motion. I propose Mr. Chen Yu to be the chairman of the board of directors of Yongle Appliances, and Mr. Zhang Jianming to serve as the CEO of Yongle Appliances. Of course, this is a temporary position. In the future, we will choose an outstanding one. Professional managers."

As a director of the company, Chen Yu submitted the third proposal.

The proposal to serve as the chairman of the board of directors is also very normal.

In fact, a lot of companies do this.

After all, it is a commercial company. There is nothing to avoid suspicion. Everything has to fight for their own interests.

Although Chen Xiao had already left at this time, it didn't matter.

The general meeting of shareholders has not always been convened without anyone missing.

In fact, not all shareholders must attend the general meeting of shareholders.

Unless Chen Xiao controls more than 50% of the shares, but judging from the current equity of Yongle, the presence or absence of Chen Xiao has no effect at all.

After the motion was proposed, Chen Yu was the first to raise his hand.

Then, Bain Capital representative John also raised his hand in agreement.

As for the few remaining minority shareholders, Chen Yu ignored them.

Regardless of whether they raise their hands or not, both Chen Yu and Bain Capital have more than 50% of the shares.

In other words, the two parties have actually completely controlled Yongle appliances.

"Mr. John, do you have any more proposals here?"

The third motion was voted through, and Chen Yu asked about John.

John shook his head.

Then, Chen Yu asked the remaining minority shareholder representatives symbolically: "How many, are you here?"

"The general meeting of shareholders respects the rights of all shareholders, and you can also submit proposals to the general meeting of shareholders."

Of course, this is all bullshit.

Several representatives of minority shareholders did not speak and left the general meeting of shareholders.

They do know.

Although they have the power to submit proposals, they will definitely be opposed by Chen Yu.

To mention or not to mention, the result is the same.

...

"Mr. Chen, the shareholders meeting is over?"

Huang Guangyu sitting outside was drinking tea leisurely.

He knew that this acquisition would take some time.

At the same time, the general meeting of shareholders is expected to have a quarrel.

But he didn't expect that Chen Xiao would come out after only an hour passed.

But think about it.

From the perspective of equity allocation, even if Chen Yu has 30% of the shares, there is nothing to say.

"It's over."

Chen Xiao's expression was a little bad, and he said embarrassingly.

From the office of the general meeting of shareholders to the present, he has always felt a little dazed.

It's ironic.

As the founder of the company, he was driven out by other shareholders.

ridiculous.

When he watched Apple’s board of directors ousting Jobs, he still scolded Steve Jobs as being stupid. As the founder of the company, he could not even hold his own company and was kicked out by others? Looking at it now, I am not much better than Jobs.

And it looks like he is worse than Jobs.

At least Jobs has now regained control of Apple.

But his chanting music, it is estimated that he will never go back again.

"Great, let's celebrate later in the evening."

Huang Guangyu is overjoyed.

The acquisition went smoother than expected, and Huang Guangyu admired his price increase in his heart.

Had it not been for a decisive premium of 20%, this acquisition would not have been so fast.

Only seeing Chen Xiao's expression on his face was wrong, he asked, "Ms. Chen, is there anything else?"

"No."

Chen Xiao shook his head: "Mr. Huang, there is no need to celebrate. This time the shareholders meeting did not pass the merger proposal."

"what?"

Huang Guangyu asked puzzledly: "Bain Capital opposed it?"

"They didn't object, they abstained."

"These shameless people."

Huang Guangyu cursed.

Although my heart is extremely unhappy, such things as acquisitions have always been troublesome.

Even if you don’t succeed today, there is still a chance next time.

After thinking about it, Huang Guangyu comforted Chen Xiao: "Mr. Chen, it's okay. These capitals just see the money, so that in the evening we invite Bain Capital to have a meal, and we will talk about the details of the merger in detail."

Huang Guangyu believes that the reason Bain Capital disagrees may be that they are not very satisfied with the equity distribution.

As long as China Magnesium distributes sufficient profits to Bain Capital, the acquisition can continue.

It's a big deal, just hold another shareholders meeting next time.

"I don't think it's necessary."

Chen Xiao waved his hand and refused to say.

"why?"

"I also want to know why."

Chen Xiao helpless: "Mr. Huang, maybe you don't know that this time the shareholders meeting not only failed to pass the merger with your company. On the other hand, my position as chairman and general manager of Yongle Electric Appliances is gone."

"No way."

Huang Guangyu was dumbfounded.

In his mind, he was a little dizzy, saying how a good acquisition has become like this.

It's just that Huang Guangyu is not an ordinary person. Although he was extremely shocked, he soon calmed down.

He was accustomed to countless equity battles, and he naturally understood that Chen Xiao had lost this time in the equity battle of Yongle Electric Appliances.

On the face of it, Chen Xiao lost the seat of Yongle's shareholder meeting and general manager, and their merger and acquisition will also end this time.

But secretly, it is not without benefits.

Their acquisition of Yongle is in itself to expand the market.

But because Yongle Electric is strong, they can't do anything with Yongle in ordinary competition, so they made an acquisition.

However, even the founder of Yongle's equity struggle was kicked out of Chen Xiao.

This doesn't look like a bad thing either.

At least, without Chen Xiaoyongle electrical appliances, it should be much easier to deal with.

Thinking of this, Huang Guangyu suddenly moved in his heart and said to Chen: "Mr. Chen, are you interested in coming to our country?"

"Mr. Huang~www.wuxiaspot.com~ who are you?"

"I have always admired Mr. Chen’s experience in home appliances. Our company is short of CEOs like Mr. Chen. If Mr. Chen is willing to come to our company, you will be in charge of all matters concerning China’s magnesium in the future. What do you think? ?"

Of course, Huang Guangyu gives Chen Xiao the position of CEO, and Huang Guangyu becomes chairman himself.

In this way, he gave his sincerity and also controlled Guomei.

He was not stupid enough to be defenseless against Chen Xiao.

Of course, the most important thing is that he wants to use Chen Xiao to deal with the current leaderless chanting of dragons.

"Mr. Huang, you don't have to comfort me."

Chen Xiao was also extremely surprised by Huang Guangyu's invitation.

"President Chen, what I said is not a polite remark, I am also for our country's magnesium. I think the person who knows Yongle best is Mr. Chen you. If everything goes well, Mr. Chen may be able to take charge of Yongle again."

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