Chapter 497 Shareholders' Meeting, Power Change
Chapter 497 Shareholders' Meeting, Power Change
Huachang Garment Co., Ltd., headquarters park.
Chairman’s Office, 8th Floor, Administration Building.
"Thank you, Brother Wang, for your support over the years," He Jingping said enthusiastically. "I believe that with the establishment of the joint venture, Huashang Clothing's business structure will become more stable. With the help of the live streaming e-commerce trend, it may be possible to go public in two or three years."
"Then I'll wait and see. Haha, come on, Mr. He! The interests of us shareholders depend on you! And Zhihui, I'm looking forward to your performance." Wang Chengliang responded with a smile, with some encouragement in his tone.
"Thank you Uncle Wang for your encouragement. I will definitely make the joint venture bigger and stronger!" He Zhihui had a bright smile on his face and shook Wang Chengliang's hand vigorously.
This shareholder, who holds 3.4% of the company's shares in his personal name, is not only a long-time friend of the He family, but also an important part of their community of interests.
In fact, the six current individual small shareholders of Huachang Clothing are almost all good friends of He Jingping.
Over the years, by signing the "Concerted Action Agreement", He Jingping has firmly controlled the company's voting rights and formed an unshakable alliance of interests.
Thinking about the topic of today's meeting, He Zhihui couldn't help but look at his own reflection in the glass, confident and calm.
He is one of the protagonists of the shareholders' meeting.
As long as the proposal to establish a joint venture with Yingqu Media is successfully voted through, he will be officially promoted to general manager.
By then, with the resources of two large companies in hand and standing at the forefront of the industry, success will be just around the corner!
At this time, Wang Chengliang suddenly asked: "Mr. He, you called before and said that Xiangjiang Trust Company wanted to buy Huang Yangming's shares. Did this matter come to fruition later?"
"No, it should be a false alarm." He Jingping smiled and shook his head, "I have contacted several shareholders and institutions recently, and there is no similar news so far."
He has recently contacted several other shareholders and people from both institutions, but no similar news has been heard so far.
Wang Chengliang nodded and added, "Oh, and there's Mr. Tang. He holds 35% of the shares. Should there be no problem with today's vote?"
"Don't worry, Uncle Wang." He Zhihui put one hand in his pocket and raised a casual smile. "This guy has been staring at our new flexible production line. After telling him that he could spare some production capacity to help him with OEM, he has stopped looking for trouble. Mr. Wu said that his attitude is very good and he has already started arranging the production line connection. He also happily agreed to attend this shareholders' meeting without making any requests."
Having said that, He Zhihui still felt a little unhappy when talking about Tang and Song.
Huachang Clothing's own brand's production capacity is already insufficient, and it is forced to cede it to external customers such as Songmei Clothing. In his view, this is a kind of humiliation, submission and defeat.
He had a very bad impression of the Tang and Song dynasties, even to the point of disgust.
He had suddenly taken action before and acquired shares of Huachang Clothing, disrupting their family's plans.
You should know that the holders of his 35% shares all have state-owned backgrounds.
No one knew where he came from, which was why his father was always so polite.
Thinking of Tang Song, He Zhihui gritted his teeth.
When the joint venture is stable in the future and he truly steps into the core management of Huachang, he might have to give the other party some eye drops to let him know whose territory this is!
"Okay, Zhihui!" He Jingping suddenly interrupted his son sternly, "Speak respectfully, Mr. Tang is a shareholder of our company. And with your personality, you should restrain yourself and be more mature! Otherwise, how can I trust you to hand over such an important joint venture company?"
"I got it, Dad!" He Zhihui quickly stood up straight.
Wang Chengliang laughed twice and patted He Zhihui on the shoulder. "This is what young people are like. They are energetic and have a good temper!"
"Thank you, Uncle Wang. Hehe, you're too kind." He Zhihui smiled brightly and looked down at the entire park through the floor-to-ceiling windows. He felt very proud for a moment.
At this moment.
"Knock, knock, knock--" There was a gentle knock on the office door.
Then, Secretary Zhang walked in quickly, "Mr. He, the shareholders have arrived at the venue one after another. Mr. Li from Dingyun and Mr. Qin from Chengrong called and said they will be here in a few minutes. However... there are two unfamiliar faces next to several shareholder representatives. I haven't seen them before."
"Oh?" He Jingping raised his eyes slightly, "It doesn't matter. After all, this involves a major vote. It's normal for shareholders to bring people with them if they are worried."
Secretary Zhang hesitated for a moment and nodded, "Okay."
After saying that, he bent down and walked out of the office.
The reason for the special reminder is that the two strangers have very outstanding temperaments and it is obvious at first glance that they are not ordinary people.
The three of them chatted for a few more words.
He Jingping put out the cigarette in his hand, stood up and said, "Let's go over there too. There are only 15 minutes left before the meeting."
The two nodded and followed him outside.
……
Arriving at the door of the conference room, He Jingping paused and glanced at the shareholders who were already present.
Except Huang Yangming, the other four small shareholders have arrived.
Soon, his attention was attracted by the "new face" mentioned by Secretary Zhang.
A man and a woman, about thirty-six or thirty-seven years old, wore well-tailored suits and had serious expressions. They whispered to the four small shareholders from time to time.
He Jingping frowned slightly, and a trace of uneasiness flashed through his mind.
How could he not know that there were two people who had close relationships with four shareholders?
Although he was full of doubts, he suppressed his emotions when thinking about today's meeting.
Everything depends on today’s resolution, and these issues can be explored slowly later.
"Dad, Mr. Huang is here!" He Zhihui touched his father's arm and reminded him in a low voice.
He Jingping quickly came to his senses and greeted him: "Mr. Huang, welcome!"
"Hello, Mr. He." Huang Yangming showed a warm smile on his face.
The two men shook hands and greeted each other while standing outside the door. With the laughter of some staff members around, the atmosphere was quite lively.
However, a chaotic and heavy sound of footsteps came from the corridor, attracting everyone's attention.
The two stopped talking at the same time and looked to the side.
At the corner of the corridor, a handsome figure first caught everyone's sight.
His expression was indifferent and calm, and the dark blue suit he was wearing was glowing with a dim luster. He naturally exuded a cold and calm aura, which made people who looked at him involuntarily feel a sense of awe.
Following closely behind him was a tall and graceful woman wearing a neat women's suit, with a solemn expression and delicate and three-dimensional features.
He Zhihui raised his eyebrows slightly and cursed inwardly: "Pretending!"
Then he cast his greedy eyes towards Lin Muxue.
Fuck! The more I watch, the more excited I am!
There is no shortage of women around him, but there is really no one with both good looks and temperament like this one.
If he had known that Xiaoxue was so amazing, he would definitely have put in as much effort as he did to pursue a girlfriend. He didn't believe that he couldn't handle this girl!
Thinking of this, his eyes looking at Tang Song became even darker.
The smile on Huang Yangming's face gradually froze, and he looked at the young man who was leading the way, his eyes full of disbelief.
Of course he knew that the new major shareholder was called "Tang Song", but he never expected that it was the Tang Song he met at the private party organized by Yan Province Bank.
He was deeply impressed by the Tang and Song dynasties.
After all, the other party came with Xie Shuyu, and he has a close relationship with Tian Chengye's daughter.
I even scolded him a few times at that time.
Accompanied by the sound of "thump thump thump" footsteps, more and more people appeared in their sight.
Except for Mr. Li from Dingyun Investment and Mr. Qin from Chengrong Group, all the others were strangers, both men and women, dressed decently and formally, a total of 6 people.
It is worth mentioning that both Mr. Li and Mr. Qin stood behind Tang Song.
This discovery left He Jingping extremely puzzled.
The sound of approaching footsteps woke them from their thoughts.
He Jingping tried hard to suppress his inner panic, and greeted them with a smile. His tone was gentle but tentative: "Mr. Li, Mr. Qin, you actually ran into Mr. Tang today. It seems like a coincidence! Haha, welcome, welcome!" "Hello, Mr. He." Tang Song shook hands with him politely without further explanation.
The two representatives from Dingyun Investment and Chengrong Group greeted each other with a smile.
Huang Yangming was about to say something when he noticed Tang Song's gaze sweeping over him. He just nodded calmly and indifferently, as if he didn't take him seriously.
An embarrassed look appeared on his face.
He Zhihui smiled and said, "Director Tang, although our shareholders' meeting does not have a specified number of representatives, you have so many people here. It seems that you attach great importance to this meeting!"
This was of course a veiled sarcasm. In his opinion, Tang Song loved to make this kind of scene the most, as was the case with the previous audit.
Lin Muxue took the initiative to step forward, without even looking at him, and said directly to He Jingping: "Mr. He, these people are not all representatives who came with Mr. Tang, but they are accompanying Dingyun Investment and Chengrong Group."
Mr. Qin next to him nodded in agreement: "Yes, Mr. He, let's go in and talk. There are some important things to announce today."
This sentence was like a torpedo thrown into the lake, stirring up waves in He Jingping's heart.
But on the surface, they tried to remain calm.
……
At 10 o'clock in the morning, the shareholders' meeting of Huachang Clothing officially began.
"Good morning, fellow shareholders. Thank you for attending this extraordinary general meeting of shareholders."
As per convention, the current chairman He Jingping spoke first.
He briefly summarized the company's achievements in the past year and gave an outlook on future plans.
Then, he habitually asked: "The agenda will be voted on and reviewed below. If you have any opinions, please raise them in advance."
As soon as he finished speaking, a middle-aged man wearing gold-rimmed glasses suddenly stood up and said, "Chairman He, before the formal agenda begins, I have an important matter to explain to everyone. First, let me introduce myself. I am Zhang Jin, the legal director of Juqing Huijin."
When they heard the keyword "Juqing Huijin", the faces of He Jingping, He Zhihui and others changed suddenly.
I had heard before that Juqing Huijin was interested in acquiring Huang Yangming's shares, but the two sides failed to reach an agreement due to price issues.
Now it seems that the other party must have bought shares from other shareholders!
The conference room suddenly fell into silence, so quiet that one could hear a pin drop.
Looking at the father and son who were "on the verge of death", Lin Muxue's lips slightly raised, and her bright eyes seemed to be flashing red light.
Awaken! It's hunting time!
Today I, Emperor Mu Xue, deserve to tear my enemies apart with my own hands!
Hahaha~~
Zhang Jin pushed up his glasses, took out a stack of documents from his briefcase, and said concisely: "After friendly negotiations, the 4% shares held by four shareholders, including Zhang Yanghe and Cheng Minghui, have all been transferred to Juqing Huijin. This is the "Equity Transfer Agreement", "Payment Voucher", and "Irrevocable Voting Power of Attorney."
This news was like a bolt from the blue, hitting He Jingping and his son directly on the heads.
Beads of sweat oozed from He Jingping's forehead. He looked around and found that several representatives of small shareholders were all lowering their heads and did not dare to look him in the eye.
He Zhihui's body trembled, his lips moved slightly, and he was about to speak.
Lin Muxue stood up gracefully and said calmly and confidently: "I am the representative of Rongliu Investment, Lin Muxue. I support Mr. Zhang's proposal. Our company has completed the acquisition of 14.4% of the shares held by Chengrong Group and Dingyun Investment."
Immediately, the colleague next to her took out a thick stack of documents and placed them neatly on the conference table.
Lin Muxue's tone suddenly changed, and she said seriously: "We request that the shareholder register be updated immediately to confirm the effective voting rights ratio of this meeting."
Mr. Li of Dingyun Investment took the initiative to stand up and solemnly announced: "Dear shareholders, the equity transfer agreement we reached with Rongliu Investment is based on our confidence in the future development of the company. The reform plan they proposed is in line with the long-term interests of Huachang Garments, so we decided to support this decision."
Mr. Qin from Chengrong Group followed closely and also expressed his support.
This sudden turn of events shocked everyone.
Even the four small shareholders did not expect this to happen.
Their 6% stake cannot affect the overall situation. Even if they sell all of it, the He Jingping family will still be the largest shareholder of Huachang Clothing.
But if we add the 14.4% from the two major institutions, things will really change.
Lin Muxue looked at the father and son who were in a daze, feeling the attention of everyone, and her feet under the table were biting the soles of her shoes hard.
I just felt that she had pretended to be the best and her whole body was radiating light.
Immediately afterwards, whispers broke out in the conference room and the atmosphere was so tense that it seemed as if water could be wrung out of it.
He Zhihui's face was as pale as paper and he was still a little unresponsive. He only felt a wave of dizziness coming over him.
He Jingping looked at Tang Song, who was calm and composed, and had already guessed the truth of the matter.
His eyes were full of anger and confusion.
"Bang!" He Jingping slammed the conference table, his voice loud but trembling, "Director Tang, what do you mean? Why didn't we receive any notice in advance?"
In his opinion, he has done very well and harmony is the most important thing.
Isn't it just a production line? Is it necessary?
Tang Song said calmly: "Mr. He, this is a normal business practice and is completely legal and compliant."
He Jingping gritted his teeth and was speechless for a moment.
The reason for this problem is that he never thought that someone would be willing to use such a huge amount of cash just to control Huachang Clothing.
You know, based on the company's current valuation, to get this 20.4% stake, you need nearly 4.4 million in cash.
Adding the 35% that Tang Song had acquired before, it means he spent 11 billion.
What is this concept?
Anyone who can come up with so much cash flow must be worth tens of billions!
Of course, Tang Song is jointly controlled by external investment institutions and private equity firms, but this is also puzzling.
After all, Huachang Clothing is just a traditional clothing processing company. Which investment institution would invest money in such an industry?
It’s simply unreasonable!
Tang Song raised his head, his tone steady but penetrating: "Dear colleagues, based on the statements of the two representatives just now, I propose to immediately update the company's shareholder register and reconfirm the effective voting rights ratio of this meeting."
Mr. Li was the first to express his opinion: "We fully agree with Mr. Tang's proposal. The relevant documents have been submitted to the company's legal department and can be verified at any time."
"Yes, in order to ensure procedural justice, it is recommended that this be implemented as soon as possible. This is completely in line with the provisions of the company's articles of association."
In the conference room, complicated gazes fell on He Jingping.
Everyone was waiting for his reaction, as if time had stood still.
He Jingping lowered his head and remained silent for a long time, with beads of sweat quietly sliding down his forehead.
He took a deep breath and nodded to Secretary Zhang behind him with a grim expression.
"Deal with it as soon as possible." His voice was low and hoarse.
In less than ten minutes, the director of the legal department of Huachang Clothing rushed to the venue, accompanied by CEO Wu Wei.
The latest shareholder list was quickly printed out and distributed to each attendee.
He Jingping's hands were shaking slightly, and he didn't open it to take a closer look.
As the list was updated, representatives of Chengrong Group, Dingyun Investment and four other small shareholders took the initiative to stand up and leave.
The huge conference room suddenly became unusually quiet.
There was an indescribable feeling of oppression in the air, as if even breathing had become heavy.
During this brief silence, everyone's eyes spontaneously focused on the same spot.
"In view of the change in the control of the company, I propose to suspend the original agenda and temporarily add an agenda item." Tang Song looked around the room, still calm and composed, "Reorganize the board of directors."
(End of this chapter)