Yike Investment and MIGA Fund hold a combined 34.52% stake in Sina!
Fang Zhuo becomes Sina’s largest shareholder and has veto power!
Fang Zhuo demands that the board of directors be dissolved and re-elected!
Fang Zhuo and Duan Yongji choked each other fiercely!
Fang Zhuo and Duan Yongji started fighting!
Fang Zhuo is helping Wang Zhidong take revenge, and Wang Zhidong is Fang Zhuo’s brother!
With the conclusion of Sina's extraordinary shareholders' meeting, the battle for control of the domestic portal leader has undergone unexpected changes for everyone.
There are so many elements of news, so many of them are spread on the Internet.
First of all, excluding the seemingly false news, Wang Zhidong obviously cannot be Fang Zhuo's biological brother, but can only be his cousin.
Secondly, is it possible for Fang Zhuo to fight with Duan Yongji? This is more likely because young people do not follow the rules and sneak up on old people.
In the end, even if there was no fight, Duan Yongji might feel more uncomfortable than being beaten.
Countless people were curious about what happened at the extraordinary general meeting of shareholders on that day. They processed the information they found and analyzed the situation as soon as they knew it.
However, even well-known figures in the industry find it difficult to understand the complete situation, and feel that Sina's current turmoil is as unpredictable as a fog.
Who is behind Fang Zhuo?
Who on Sina's board of directors is on Fang Zhuo's side?
How did Yike Investment and MiGA Fund obtain board seats?
How will the conflict between Sina's board of directors and major shareholders end?
And, where did Fang Zhuo get the money to acquire Sina?
IGD President Xiong Xiaoge, who was far away in Guangdong Province, was busy with a project, so he received the news about melon eating a little later, and his jaw almost dropped.
It’s not frozen this time!
This time it was directly replaced by Fang Zhuo!
Where did this fucking money come from?!
Xiong Xiaoge called Fang Zhuo in shock. He called Fang Zhuo several times and the other party was still on the phone. After finally getting through the phone, he asked: "Fang Zhuo! You, you, why are you doing Sina?"
Fang Zhuo said dissatisfied: "Old Xiong, why do you speak so unpleasantly? What do you mean by 'getting'?"
"What did you do to Sina?" Xiong Xiaoge was confused.
"I felt that Sina was not going in the right direction. I went to the shareholders' meeting to provide guidance on the work, but Duan Yongji didn't listen, so I had a quarrel with him." Fang Zhuo said lightly.
Listening to this guy's tone, Xiong Xiaogeti suddenly thought of him pointing his nose at him when he took someone to Hang Lung 23 to force the palace... and he was no longer confused.
This is completely something Fang Zhuo can do!
Xiong Xiaoge asked: "Where did you get your money? Stop saying you borrowed it from the bank, do I believe it?"
Fang Zhuo heard the song and knew the elegant meaning: "There is good news and bad news, which one should I listen to first?"
"The good news is that I did not misappropriate Yike's company assets and cash flow." Fang Zhuo said.
Xiong Xiaoge breathed a sigh of relief, calmed down, and asked, "Where's the bad news?"
Fang Zhuo replied: "I pledged my equity in Yike."
Xiong Xiaoge: "..."
For a while, there was no sound on the phone.
Fang Zhuo: "Hey, hello, old bear? Old bear? Are you okay?"
"Wait for me, I'm on my way to the airport." Xiong Xiaoge said calmly.
Fang Zhuo hung up the phone.
He thought for a while and said to Kong Yu, who came from New York: "Mr. Kong, please prepare Yike's sales report for me. I need it from both countries."
"Okay." Kong Yu was stunned for a moment, and the topic still changed to the current major event, "Mr. Fang, Sina Duan Yongji's attitude is very tough, what should we do next?"
Fang Zhuo put the phone into his pocket and took two simple bites of food: "The asking price is ridiculous, and I pay you back on the spot."
He smiled and said: "If Duan Yongji cuts his flesh when he opens his mouth, how can he take care of his brothers? Just stay calm for now and we can talk later."
Kong Yu felt his heart surge just by hearing the three words "You Tan". This is Sina! It is the first domestic portal website to be listed in the United States!
Now the boss has really forced Duan Yongji into this position!
It's such a big deal that the boss really struggled with it!
He was so excited that he wanted to shake his head.
The simple dinner for the two of them was over. Because Fang Zhuo had been on the phone, he didn't eat with the rest of the group. When Kong Yu arrived at the hotel, he stopped by to enjoy four dishes and one soup.
The battle is not over yet, and it is not time for the celebration banquet yet.
At nine o'clock in the evening, in the hotel conference room, Yike Investment, Mi GA Fund, and Cadwalader Law Firm reviewed today's trading, analyzed Sina's logic and ideas, and prepared for the follow-up.
"The board of directors is not monolithic. Now that we have received one vote to veto it, Sina must sit down and talk with us. I guess they think the same about us."
"Otherwise, both sides will suffer losses, and both sides understand this."
"Our real target is not Duan Yongji, or in other words, our current target is not him. We want Sina to move forward in the direction we have set."
"Replace President Mao Daolin and replace director Wu Zheng. This is our goal. Wu Zheng is a bargaining chip that can be given up in Duan Yongji's heart, but now he must die first."
"You can consider wooing Wang Yan and Jiang Fengnian."
"We need to talk to Jiang Fengnian. He voted against Wang Zhidong last year. He is a Taiwanese investor and will not always follow Duan Yongji as long as the price is right."
"Duan Yongji can retain the position of co-chairman, and he should be able to fight for it, but this is meaningless, and his influence will only become weaker and weaker, just like boiling a frog in warm water."
"This can be used as a bargaining chip for Duan Yongji."
Fang Zhuo dominated the content of the meeting. Today's extraordinary shareholders' meeting has ended. Although the situation is still deadlocked, and although Duan Yongji keeps saying he will not give in, he has already smelled the other party's fierceness and softness.
This is an unfair fight.
The outcome of the battle has been determined since Yike Investment entered Sina's board of directors. Now it's just a matter of persuading the other party to accept this result.
If Duan Yongji is tough enough and can maintain the stalemate of adding more weight, he will also be in trouble. After all, the largest shareholder also means that he has to bear the maximum loss of Sina's interests.
But even if Duan Yongji is tough enough and has enough status in the world, others must consider the value of the shares in their hands. This is the basis for differentiation and collapse.
At ten o'clock in the evening, Fang Zhuo concluded the review and planning meeting.
He thought for a while, took out his phone and called Wang Yan.
Toot, hung up.
Go back and turn off the phone.
Fang Zhuo put away his cell phone, guessing that if he called Duan Yongji, this call would definitely be answered, but it wasn't time to call him yet, and he still had to test where the bottom line of each other's resilience was.
…
At 11 o'clock in the evening, Sina Media, which had been witnessing the entire process of the extraordinary shareholders' meeting at the venue, finally had its chief writer Xu Changlun write out some eloquent words about Fang.
"Fang Zhuo, who is hypocritical and despicable, cannot make Sina surrender!"
