Han Zong: Starting from the Undercover New World
Chapter 196 New members of Shunyang’s board of directors
Chen Xingjun frowned and paced back and forth in the hospital corridor.
Chen Rongji was lying on the bed in the intensive care unit across the door, motionless, with various instruments inserted into his body.
The doctor walked quickly and hurriedly from one side, stopped in front of Chen Xingjun, nodded slightly to him, and was about to go in, but Chen Xingjun said: "How is the situation?"
"President Chen's current condition is quite stable." The doctor said softly.
"Still stable?" Chen Xingjun asked, unable to hide his anger: "I said the same thing yesterday, and the day before yesterday! How is his condition? What does stable mean?"
The doctor looked troubled, and Chen Xingjun's mother beside Chen Xingjun reached out and pressed him. He barely tolerated his bad temper in front of his family and did not speak anymore, but his eyes were still looking straight at the doctor. It seemed that he couldn't get it. A straightforward answer is that the doctor cannot leave.
"Although the cerebral hemorrhage has been suppressed after surgery, it is indeed difficult to say. The patient may open his eyes at any time, or it may be possible."
Before the doctor finished speaking, Chen Xingjun gritted his teeth and said, "Is it possible to become a vegetable?"
The doctor's silence represented his answer.
"Xi Ba!" Chen Xingjun angrily kicked the trash can nearby.
Qian Ruizhen arrived late and saw this scene. She put on a gentle look and walked closer: "Husband, don't be angry. The doctor did his best."
"What's the use of trying your best!"
Chen Xingjun was still talking persistently, but his mother waved her hand, and the doctor entered the ICU as if he had been granted amnesty. To be honest, if he had a choice, he really didn't want to take this job.
Brain hemorrhage caused by sudden stroke is often serious and dangerous. Even if the treatment is successful, hemiplegia and other symptoms are very common. It is almost impossible to completely cure the disease without sequelae.
In a situation like Chen Rongji's, to put it bluntly, ordinary people might not be qualified to be admitted to the ICU.
After risking a huge risk to open the skull, being able to lie in such a relatively stable position on the hospital bed can be regarded as a huge success of the doctor's best efforts and the joint efforts of many famous doctors in Seoul.
".How is it going?"
Chen Xingjun looked away from the ICU door and turned to look at Qian Ruizhen.
Qian Ruizhen's face darkened and she said, "KPL doesn't agree."
"Thirty million dollars."
Chen Xingjun raised three fingers: "Go and tell them that as long as they agree to this matter, in private, I will give them 30 million US dollars as a reward."
What he wants to do is not just to acquire Shunyang Life, but to acquire Shunyang Life under severe underestimation.
The purpose of underestimating the acquisition was to allow his company, First Education, to control Shunyang Life. In this way, as the major shareholder of First Education, he could indirectly regain control of Shunyang Group.
But underestimating acquisitions will inevitably affect the interests of other major shareholders - or is it a serious underestimation? How can this be satisfied?
Big decisions like mergers and acquisitions require the approval of two-thirds of the company's shareholders. Even if you include the Chen family's allies, you cannot reach this number of votes. Therefore, the only feasible way is to acquire another major shareholder first. equity in the company, or let the other party choose to side with you and agree to be acquired.
It would be fine if they were ordinary major shareholders, but unfortunately, the two major shareholders in Shunyang's life were not good friends.
The full name of KPL company is Korea peace and love, which is translated as South Korean peace and love. Just by listening to the name, you can’t even tell what the company is. But in fact, it is the charitable foundation of the First Church of South Korea.
In South Korea, the voice of the church is unquestionable, which is why Chen Xingjun went to Congressman Park and begged him to help connect people.
The other major shareholder is the American Elliott Hedge Foundation. Naturally, an American company cannot let you underestimate and dilute your equity and harm its own interests.
If these two major shareholders don't nod for a day, Chen Xingjun will not be able to initiate the acquisition plan. Only one of them must vote at the meeting or agree to be acquired before Chen Xingjun can initiate the acquisition.
When Qian Ruizhen heard Chen Xingjun's words, she could only sigh and said, "Maybe it's not something that can be done with money."
Chen Xingjun was angry when he heard this: "It can't be done with money? Do they still want to take this opportunity to make a fuss about the leadership of Shunyang Group? Have his dream! Shunyang has always been the Chen family and will always be From the Chen family!"
The mother suddenly said: "Don't make a fuss here! If you want to make a fuss, go make a fuss outside!"
Chen Xingjun turned his head and saw his mother's haggard but serious expression. He was silent for a moment, bowed slightly and nodded: "I'm sorry."
But then, she turned around and left. Qian Ruizhen glanced at the ICU indifferently, and finally showed a somewhat fake smile to her mother-in-law, then turned and left with Chen Xingjun.
Chen Xingjun's mother could not hide her disappointment and a little indignation, but in the end, she could only hold her prayer beads and secretly feel sad in the corridor.
But when Chen Xingjun walked out of the corridor, after making a few phone calls, he hurriedly pressed the elevator and headed to the underground parking lot, with Qian Ruizhen following him.
"Is there still a meeting today?"
"Well, Elit applied to start a board of directors. I don't know why."
Chen Xingjun looked a little impatient, Qian Ruizhen said with relief: "Maybe it's a good thing?"
"I hope it's a good thing that a sudden meeting was held without even a phone call."
Even though Chen Xingjun said this, it could be seen from his expression that he obviously didn't think anything good would happen at this meeting.
Qian Ruizhen shook her head and said, "Then I will continue to find a way to talk to people from KPL."
"Yeah." Chen Xingjun nodded without interest, but he knew very well that in a sense, those guys were more difficult to talk to than the American Elites - at least the Americans, for Shunyang, they needed It's just profit.
KPL obviously needs more than just monetary profits. They want to use this accident to expand their power in Shunyang as much as possible.
The more he thought about it, the more irritated he became, but when Chen Xingjun arrived at the company, he still adjusted himself. At least from the outside, he looked calm and calm, without any sign of irritability.
But
As soon as the meeting started, the emotion on his face could no longer be restrained. First he was stunned, then angry.
"Lin Wei!?"
After the meeting started, Chen Xingjun was still wondering to the other directors why Elit's representative had not arrived. The next moment, he saw someone pushing the door open and entering with a smile on his face that Chen Xingjun thought was both hateful and hypocritical.
If not Lin Wei, who else could it be?
"Sorry, sorry, late."
Lin Wei sat leisurely in an empty seat amidst the astonished expressions of the shareholders: "Ah, let me introduce myself. I am the new shareholder of Shunyang Life. After a period of negotiation, I have successfully acquired the shares of Elite. "
He turned around and looked around in pretending to be surprised: "Why is the atmosphere like this? Ah ~ Shunyang is really scary. There are new faces joining, why does it look like he encountered a robber?"
"Xiba." Chen Xingjun said these two words directly and directly, representing the aspirations of many people.
He stood up suddenly and glared at Lin Wei: "What on earth are you going to do!?"
Lin Wei spread his hands with an innocent face: "A meeting? According to the usual practice, I am the major shareholder now. It is not in line with the rules if I don't hold a board meeting to tell everyone."
"Stop dreaming! Shunyang's major shareholders cannot sell their shares without the consent of the board of directors!"
Chen Xingjun looked sarcastic: "President Lin, please don't spend money to buy air."
"Of course not. You can't sell the shares, and you didn't say they couldn't be exchanged. As long as there are no monetary transactions involved in the whole process, it doesn't violate the original contract."
After Lin Wei finished speaking, he paused and smiled and said to the shareholders with strange expressions around him: "Anyway, that's what the Wall Street legal team said. If Chairman Chen has sense, he can file a cross-border lawsuit, oh, Here are the key points of the documents circled by the legal team. You can take a look at them, so as not to think that I have no right to sit here."
Lin Wei stretched out his hand, and Yin Xuanyou opened the bag and took out a stack of documents. Lin Wei threw it aside and let the directors circulate it. He picked up a cigar and cut it slowly in front of everyone. Open a cigarette.
"In short, if you have objections, you can go through legal legal procedures. However, the shares in Elit's hands are indeed held by me at present. This will be the case until the law decides that the transaction is invalid."
Lin Wei said and smiled: "How about we also go through the legal procedures in South Korea?"
Go away, mom!
Chen Xingjun's face turned dark.
Lin Wei is really vicious - if he goes through the legal process now, with Lin Wei's financial resources and connections, it won't be a problem for the lawsuit to drag out until Chen Xingjun's father dies in a vegetative state in the hospital.
And go to foreign countries to litigate?
Chen Xingjun began to think about this possibility. Perhaps American laws are more fair?
But when he saw Lin Wei holding a cigar with smoke filling his mouth, he thought angrily: But looking at the look of this bitch, I'm afraid the lawsuit in the United States will not be easy to win.
He picked up the document passed to him and looked at it carefully. The key points highlighted by the lawyer were simple and clear.
On the copy of the original English contract, it is written clearly.
"Shareholders cannot sell their shares without the consent of 50% of directors."
The English word for sale is sell.
Under that original contract was the agreement reached between Lin Wei and Elliott Hedge Fund.
After friendly negotiation, without involving any monetary compensation, the two parties exchanged their shares based solely on market value.
The English word for exchange is Exchange.
The two bold words are simple and clear, explaining the attitude of the legal team towards the contract.
Obviously, they just want to keep their words - I didn't sell it, it was just an exchange, how can I breach the contract?
Chen Xingjun began to complain about his grandfather, Chen Yangzhe, how could he leave such an obvious loophole in the contract for the foreigners! ?
But Chen Xingjun quickly said with a dark face: "I don't agree with you joining the board of directors. You will not be able to join the board of directors until more than half of the shareholders agree. There are obvious loopholes in this contract. I will submit it to the court." Apply!"
Can this lawsuit be won? Obviously there is no chance of winning, but no matter what, the lawsuit will definitely be long, but Chen Xingjun must show his attitude and find a way to prevent Lin Wei from using his equity.
Lin Wei spread his hands, then smiled and said: "President Chen, you can't say that. You didn't even vote. How can you represent the opinions of other shareholders?"
Chen Xingjun looked around with a gloomy face. The expressions of the big and small shareholders were all different, which inevitably made him a little suspicious - could it be that Lin Wei had secretly bribed other allies! ?
"I agree that President Lin Wei will join the board of directors."
A voice suddenly sounded, causing people on the board of directors to look at him in surprise.
Just look at the KPL representative sitting on the side of the conference table with a smile, and said softly: "NW is now South Korea's leading star company, and the resources and energy in Chairman Lin's hands will also help Shunyang's future. This is far better than the original Ai The role Li Teuk can play is more important.
I vote yes. "
As soon as the representative spoke, some shareholders who maintained an alliance with KPL also spoke up and expressed their agreement.
In the blink of an eye, six of the seventeen members of the board of directors voted in favor.
Of the remaining eleven, only Shunyang and five of his die-hard allies immediately voted against it.
The remaining five board members looked at me and I looked at you. In the end, there was still one person who raised his hand tremblingly.
"President Lin and I have a happy cooperation in the construction industry. I also believe that President Lin is a kind person. I agree with him to join the board of directors."
Lin Wei showed a bright smile.
Another person raised his hand and said: "I disagree. At least, this equity change is too sudden. I think it is necessary to wait until the law confirms that the equity exchange is reasonable, and then we can talk about the board of directors seats."
Another person voted in favor: "Now that Shunyang Group is in trouble, it's time for us to make some changes."
Another person objected and did not say why.
In the end, only seventeen people were left, holding the one vote that had the power to make the decision, and fell into hesitation.
He looked at Chen Xingjun and was about to speak, but Lin Wei suddenly said before he could express his position: "President Chen, I suddenly have a question to ask."
Chen Xingjun looked at Lin Wei with a gloomy face, and said through his teeth: "Say."
"As far as I know, Shunyang Life indirectly holds more than 40 shares of Shunyang Steel. Among them, through a subsidiary, Shunyang Electronics holds 28 shares."
Lin Wei slowly exhaled a puff of smoke.
"And how many shares does Mr. Chen hold in Shunyang Electronics?"
Lin Wei pretended to be confused, and then thought for a long time before suddenly stroking his hands and saying: "Coincidentally, Elite also holds 15% of the shares in Shunyang Electronics, and a Swedish semiconductor company also holds it. Seven percent technology stake, oh, there’s another one, five percent.”
Lin Wei pretended to be surprised and said with a smile: "Another investment company represented by KPL, GC Investment."
After Lin Wei finished speaking, he paused and said, "There are also shares in the hands of a group of small shareholders. Well, the price is unexpectedly high quality and low price."
Chen Xingjun could no longer bear these words and said angrily: "What on earth are you going to do?"
Lin Wei was unexpectedly straightforward. He looked around and said calmly: "Shunyang's equity structure is sophisticated and clever, but it also has hidden dangers. Once the old president dies, how much inheritance tax will Chairman Chen have to pay to transfer all the equity?" Take them all back?
If he wants to get these equity shares before paying inheritance tax, how much money does Chairman Chen plan to pay? "
Lin Wei snorted coldly, looked at the people around him and said: "Everyone, please understand - once you are undervalued and acquired, the loss will not only be as simple as money, but more importantly, the people who were originally in Shunyang Electronics and Shunyang Steel will be lost. The power of the board of directors will also be lost.
Shunyang Automobile has been declining in recent years. When it comes to the core enterprises of the group, Shunyang Steel and Electronics are the most important now."
Lin Wei spread his hands and said with a smile: "I'm not sure, the shares in our hands are the shares of Shunyang Group's future core enterprise."
These words made many shareholders think deeply. Then, after looking at each other, Chen Xingjun immediately stood up and said: "Adjourn the meeting temporarily and terminate the voting!"
"I reject."
Lin Wei knocked on the table and said calmly: "President Chen, even if the meeting is adjourned now, I will ask that the voting be completed within today, by the way."
"The Tax Department also knows the news about Mr. Chen, and is currently busy with the valuation."
Lin Wei grinned: "I did a rough calculation myself. No matter how small it is, the final inheritance tax will probably be more than five billion US dollars. After all, it is Shunyang. This size is really amazing. President Chen has prepared so much How much money? When the time comes, you won’t have to take money from the company to make up for your own shortfalls, right?"
"Watch your words!" Chen Xingjun glared angrily: "This is not a place where you can throw dirty water casually!"
"Are you sure? Where did the more than 300 billion won in back taxes previously paid go?"
Lin Wei mercilessly exposed his fig leaf: "These more than 300 billion won in taxes have delayed the release of Shunyang's new car by a month. This time, we can't pay billions of dollars in inheritance taxes. Shunyang plans to sell refurbished 2003 cars in 2008, right?"
"I agree with Lin Wei joining the board of directors!"
The director who had been silent suddenly spoke.
Lin Wei smiled slightly.
"Thanks."
He stood up without any hesitation, blew out a puff of cigar smoke, and gave Chen Xingjun a faint smile.
"As a new member of the board of directors, let me first explain my attitude - I firmly oppose Shunyang Life's underestimation and acquisition by First Education. If Chairman Chen wants to take back the dominance of Shunyang Group"
Lin Wei looked around and smiled: "Then be prepared to compensate each of us."
After speaking, he looked at his watch: "Let's finish today's meeting here first. I have a meeting on equity changes to be held in NW today.
I would like to ask for your advice in the days to come. "
Lin Wei smiled, shook hands and nodded with the people around him. Finally, he smiled and gave the KPL representative a warm hug, then turned and left.
This scene made many people look surprised and thinking.
But Chen Xingjun, after Lin Wei left, could no longer hold back his anger and slapped his hand on the table.
"Shunyang Group."
"It will always belong to the Chen family!"
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