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Chapter 296: Holding Over 99%

Just as Su Cheng and Linda Lansdale finished discussing the renewal, on the other side, Yang Chaoye had smoothly negotiated the share transfer with Andrew's family.

With the crimes committed by Habakkuk Andrew, he would have to spend at least twenty to thirty years in prison.

By the time he could be released, he would already be an old man in his sixties or seventies.

Therefore, the Andrew family had strategically abandoned Habakkuk Andrew.

During the years Habakkuk Andrew managed Namei Entertainment, he had gradually transferred all the funds he had embezzled and misappropriated to Switzerland with the family.

It was impossible to make them spit out this money.

Of course, Habakkuk Andrew would bear all the blame, and the Andrew family would certainly not bear it.

However, a large fine would definitely have to be paid in the United States, otherwise the Andrew family would not be able to survive in the United States. What should they do?

First of all, the Andrew family had to convert the shares of Namei Entertainment into funds and use the funds to pay the fine. As for how much was left to fill, they would consider it later.

However, with the intervention of Yang Chaoye and related personnel, this transaction was approved by the U.S. Securities and Exchange Commission, the FBI, and the anti-corruption department of the Federal Department of Justice.

It was not that Yang Chaoye was so capable, but that this transaction was very beneficial to the authorities.

Although Habakkuk Andrew's case had not yet gone to trial, the crimes he committed had basically been confirmed.

Waiting for the trial was just waiting for the final verdict.

Therefore, the reason why the 23.84% in Habakkuk Andrew's hands was frozen was just to prevent them from selling the stock and running away with the money.

Now, the Andrew family said very definitely that the funds from this transaction would only be handed over to the government as fines.

In this case, what reason did the U.S. Securities and Exchange Commission, the FBI, and the anti-corruption department of the Federal Department of Justice have to stop it?

Moreover, Su Cheng and the Andrew family would not engage in any small actions, such as negotiating the stock price to a very low level and then trading privately. This was impossible. No one dared to treat the three major departments, the U.S. Securities and Exchange Commission, the FBI, and the anti-corruption department of the Federal Department of Justice, as fools.

In order to avoid suspicion, Yang Chaoye specially invited representatives from the three major departments to participate in the negotiation as supervisors when negotiating with the Andrew family.

In the end, the price Yang Chaoye negotiated with the Andrew family was $1.2 per share.

This price was roughly equivalent to a total market value of Namei Entertainment of about $90 million.

The total transaction price for 23.84% of the total shares was $22.35 million.

Although the unit price was higher than Mike's, Su Cheng could still accept it.

After all, it was under the supervision of the government, and he couldn't be too greedy and negotiate the price too low, otherwise it would be bad if the three major departments seized the handle.

Under the supervision of the three major departments, both parties signed the equity transfer agreement.

The equity was transferred to Su Cheng's side, and the funds were directly transferred to the government department's regulatory account, which would be deducted as a fine later.

Everything was settled, which meant that basically all the shares of Namei Entertainment were acquired by Su Cheng.

As for the little bit of stock left on the market, it could be ignored.

This news quickly reached Su Cheng, who was still in the headquarters building of Namei Entertainment.

Su Cheng was also very happy after hearing this news.

Now, he could finally rest assured and fully develop Namei Entertainment, because Su Cheng had a controlling stake of over 99%.

Meanwhile, the traders at the Los Angeles Stock Exchange, while acquiring the stocks of other companies these days, also specially assigned a trader to be responsible for continuing to acquire the stocks of Namei Entertainment, hoping to achieve 100% control of Namei Entertainment as much as possible.

Namei Entertainment has now reached the conditions for privatization delisting from the stock market.

However, Su Cheng did not intend to care about this matter.

Now, the equity on the market is no longer enough to affect Su Cheng.

Two days ago, Zhang Qizheng reported to him that there was less than 0.3% of the stock on the market.

Su Cheng didn't ask Zhang Qizheng these two days, but he thought it would be even less.

Therefore, in this case, there is no difference between delisting and not delisting.

Unless the stock exchange thinks that Namei Entertainment does not meet the conditions for listing and orders Namei Entertainment to delist, Su Cheng will let Zhang Qizheng start the delisting process.

Otherwise, there is no need to care about it.

The latest novel is first published on 69shu.com!

In the evening, when Su Cheng was still at the company and had not returned to the hotel, he unexpectedly received a call from Linda Lansdale.

After Linda Lansdale left the headquarters building of Namei Entertainment, she couldn't wait to ask her personal assistant to investigate Su Cheng's personal information.

As a result, as Su Cheng said, Su Cheng did not lie at all, and the wealth he possessed was real and not bragging at all.

Now, Linda Lansdale was completely shocked by Su Cheng.

Previously, in Su Cheng's office, although she was also shocked, in fact, she was more skeptical when listening to Su Cheng's words.

Now, she found that these were not bragging, but were indeed true.

To be honest, this wealth, in Linda Lansdale's opinion, could even be the richest man in the world.

Therefore, after receiving confirmation of the information, Linda Lansdale already had the idea of agreeing to Su Cheng's conditions.

After discussing with her assistant and family, Linda Lansdale decided to renew her contract with Namei Entertainment!

Following such a wealthy boss, why be afraid of not getting up?

"Su, I have thought it over clearly. I agree to your conditions and renew my ten-year contract with Namei Entertainment," Linda Lansdale said directly on the phone.

"Okay, I believe you will not regret this choice!" Su Cheng said with a smile.

"But I have conditions, that is, those key investments in market development that you mentioned must be written into the contract. Also, during the time I signed the contract with the company, you must always be the boss of the company, otherwise, I have the right to unilaterally terminate the contract with Namei Entertainment unconditionally!" Linda Lansdale said again.

Her words were very simple, that is, to prevent Su Cheng from just bragging and not sincerely wanting to develop Namei Entertainment. In addition, she was also worried that Su Cheng would sell the company halfway.

"Don't worry, these conditions can be written into the contract. As long as I can't do it, you can terminate the contract unilaterally at any time!" Su Cheng said with a smile.

He was still guaranteed this.

Now, Namei Entertainment can be said to be his private enterprise, so he can naturally develop it with confidence, and there is no possibility of giving Linda Lansdale a chance to breach the contract.

Hearing Su Cheng agree so readily, Linda Lansdale was also very happy. Now, everyone was satisfied.