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Chapter 38 Chess

Zhao Shucheng held a laser pen and said to the big screen in the conference room:

"Now Xingchen's total share capital is 160 million shares, of which circulating shares account for 40%, and shareholders hold 55%. Am I right?"

Director Li and others looked at each other and said, "You are right, but you won't want us not to sell our shares because of this, right?"

Zhao Shucheng smiled and said, "Of course not. My plan for private placement is for all shareholders. According to the current market price, Xingchen is preparing to issue 40 million new shares. Of course, if you don't want it, I and Director Yu can join hands to eat it. But in this way, Director Yu originally held 20% of Xingchen's shares, plus 15% of the original holdings in my hands, which already accounted for half of the board of directors. If the additional shares are included, Director Yu and I will occupy 46% of Xingchen's shares."

After hearing Zhao Shucheng say this, everyone else was a little silent for a moment. After all, although the private placement shares are very good, and Bonathan is still acquiring Xingchen, even if they change hands, they will undoubtedly get more money, but not everyone can take out so much money at once. Even if Xingchen's stock price is cut in half, the stock price is still tens of yuan, and then hundreds of millions will be invested. Xingchen was just a company with a market value of tens of billions, but now it has only exceeded tens of billions. The directors also have their own thoughts in their hearts.

As Zhao Shucheng finished speaking, Xingchen's directors fell into silence, and the people opposite Bonathan also looked very bad.

They didn't expect that Zhao Shucheng would actually do this, and they were a little passive for a while. After all, Zhao Shucheng proposed a value-added and stock expansion plan for them was a poison pill plan.

Once these directors really agree with Zhao Shucheng's plan, they will have to pay more to complete this acquisition. This is undoubtedly impossible for Bonathan to accept, because they originally wanted to acquire at a low price, but now they have to pay so much, which is no longer the current delegation can decide.

So this acquisition meeting can be said to have ended in a bad mood, but Bonathan's people have left, but Xingchen still needs to hold a meeting.

Director Yu looked at the directors and said, "I wonder what you think about Zhao Shucheng's previous proposal?"

"We have no objection." Director Li looked at the others and was the first to stand up to express his support. After saying that, he also looked at Chen Xiaozheng. Originally, he cooperated with Chen Xiaozheng, and just hoped that his interests would not be damaged, but now it seems that he is trying to get involved with the tiger.

Chen Xiaozheng said: "I think you can think carefully about it. The acquisition is a foregone conclusion and Bonathan will not give up. Moreover, Bonathan is strong and has decades of construction experience abroad. After the merger and acquisition, Xingchen will have greater development."

Yu Dong said: "I don't agree. Xingchen was founded by me, and Xingchen is not yet at the end of his life."

"I agree with the chairman's opinion. Moreover, Bonathan has decades of architectural experience, and our Xingchen is not bad either. We have developed for more than 20 years. The architectural experience is not much different from Bonathan." Zhao Shucheng said with a smile.

Chen Xiaozheng said with a calm face: "Chairman, I need to remind you that Xingchen has regulations that when more than half of the directors on the board of directors agree, you as the chairman have no right to choose during the voting stage."

Zeng Yu looked at Chen Xiaozheng in disbelief and said, "Chen Xiaozheng, how can you do this?"

Zhao Shucheng smiled and said, "What you said is indeed correct, but I remember another thing: when the chairman's equity accounts for half of the board of directors, he can exercise a veto."

"Zhao Shucheng, what you are saying is good now. What is the targeted share is just to prevent Bonathan from acquiring. You can ask the directors present, are they willing to spend so much money to buy shares?"

Chen Xiaozheng said proudly and looked at the others, saying, "Xingchen is no longer the same. Since the construction site scandal, the stock price has plummeted and everyone is in danger. Now Xingchen is no longer Xingchen at the peak of his time, and I also went with the flow. If it weren't for Bonathan's help, maybe Xingchen would have ceased to exist now. I believe you don't want to see Xingchen, founded by Chairman Yu, become a passing cloud, right?"

Zhao Shucheng said: "Chen Xiaozheng, don't distort the concept here. Bonathan is very helpful? Why don't I know, dear directors, do you know? After the other party signed a contract with us, he kept secret. Isn't he just afraid that Xingchen will have new good news and the company's stock price will raise them, which will cost them more to acquire Xingchen?"

"If the other party really helps, shouldn't it be announced to the public on the day of signing the contract, instead of taking advantage of the situation and robbing now? Dear directors, you can't easily be stolen by others when you look at your own interests, right?"

When they heard Zhao Shucheng say this, the directors also sat there thinking. In fact, they didn't care whether Xingchen could be acquired in the end, but they couldn't see their interests being damaged.

Just as Zhao Shucheng said, if the news of Bonathan and Xingchen's cooperation spread, Xingchen's stock price will rise certainly. If Bonathan still wants to acquire it, it will definitely be much higher than the price given now.

At this time, Su Yunjin came to the conference room, knocked on the door, and said, "Dr. Yu, the incident of Bonathan's preparation for acquiring Xingchen has been rumored, which has caused a great response in the stock market. Now Xingchen's stock price has risen and is close to the daily limit."

Director Yu and the directors were naturally very happy, which means Xingchen was injected with a shot of a heart-boosting agent. As long as investors recover their confidence in Xingchen and have good news, Xingchen will soon get out of the impact of the previous construction site scandal.

This chapter is not over, please click on the next page to continue reading! Chen Xiaozheng's face looked very bad, which was different from what he discussed with Bonathan before. Things have exceeded Chen Xiaozheng's plan, and the future is getting less and less visible.

"Everyone, you have also seen that now it is just an acquisition plan, which will make the stock market rise, and how much cooperation can rise, I think you should be very clear. Even if you agree to the acquisition, you can wait. After all, if you can sell the shares higher, it will be completely beneficial to you."

Chen Xiaozheng said: "This is not necessarily the case. The stock market is changing rapidly. If you sell shares now, you can still get a lot. However, once you encounter any crisis, you may not be able to guarantee the current interests at that time."

Zhao Shucheng smiled and said, "Manager Chen doesn't have to worry about this. I can guarantee the shareholders here that even if Xingchen's stock price falls in the future, Yu Dong and I will guarantee everyone's profits. We can sign a contract now. If the final acquisition is lower than the current market price, we can recycle the shares of the shareholders at the current price."

Originally, the directors were indeed a little worried because of Chen Xiaozheng's words, but with Zhao Shucheng's guarantee and the ability to sign a contract, those people looked at each other.

Director Li took the lead and said, "I believe that YuDong and Zhao Shucheng, we all followed YuDong to watch Xingchen develop from a small real estate company to the largest construction company in the Magic City. We have feelings for Xingchen. I am willing to gamble with YuDong. The worst thing is to lose some money, but compared to our possible income, this loss is not much, right?"

Several other people looked at each other and saw that Director Li, who had once stood on Chen Xiaozheng's side, changed his flag and changed his flags and publicly took the team to the chairman. Naturally, they would not follow Chen Xiaozheng to the wrong path. Moreover, Director Li was right, they could not be incompatible with their own interests. Since there was someone guaranteed it, they would naturally dare to fight.

When Chen Xiaozheng saw that everyone else was against the acquisition, he became anxious and said, "Why are you so easy to believe in Zhao Shucheng? He said that he would buy it at the current share price. You will believe it. Do you think he can take so much money?"

When Yu Dong saw Chen Xiaozheng's angry look, he couldn't help laughing and said, "Chen Xiaozheng, don't think everyone is as incompetent as you."

Seeing that other directors looked at Zhao Shucheng with some doubts, they couldn't help but say, "Don't worry, Zhao Shucheng now holds 15% of Xingchen's shares, and is already the largest shareholder except me. Moreover, his shares have been acquired from the secondary market one after another over the years, so there is no need to worry about funds at all."

"What's more, he not only holds Xingchen's shares, but also the largest real estate agency in Magic City is Anjia Company, which has many rental properties in its own company, and Zhao Shucheng is wholly owned. I believe this can dispel the doubts of all directors, right?"

Director Li and his friends were relieved when they heard Director Yu say this. Although Xingchen is a construction company and does not deal with real estate agencies, every time Xingchen’s new property is built, they still need to cooperate with real estate agencies to promote houses. They still have some understanding of Zhao Shucheng’s Anjia Company and know that this company has many own rental houses, which are the company’s fixed assets, and can buy a property with monthly rent flows.

So they were not worried that Zhao Shucheng would not be able to make money by then, and even if Zhao Shucheng was willing, he could acquire their shares as long as he sold a little shares.

One thing we have to mention here is that although Xingchen is the largest construction company in the Magic City, its market value in the stock market is not very high. Moreover, because the construction project costs hugely, Xingchen's current debt is over 10 billion yuan, so the stock price in the stock market has not increased much. Instead, it has fallen a lot due to the construction site scandal before.

Zhao Shucheng nodded and said, "Okay, then I have another suggestion, that is, Chen Xiaozheng is no longer suitable for the position of president of our Xingchen. After all, no one wants to attract wolves at home, nor does he want his company's secrets to be known by competitors, especially hostile companies that are maliciously acquired, right?"

Although Zeng Yu was a little unhappy, Chen Xiaozheng's previous actions made her know that she had led a wolf into the house, so there was no reason to refuse.

Yu Dong also looked at Chen Xiaozheng with some disappointment. She originally thought that Chen Xiaozheng was just forming cliques and trying to fight against him. But now she was thinking about not saying that she would sweep herself out, but also pulling outsiders in. This was no longer something she could accept.

"I agree!"

With the consent of Director Yu, the other directors had no objection. Although these directors may not be very loyal to Xingchen, they may not be all good people. But people are the same. They can be bad people, but there cannot be other bad people around them, especially those who are sting outsiders. They will also worry that if such a person is by their side, they will also be betrayed.

"We agree!"

Chen Xiaozheng looked at the others agreeing and said, "Why do you fire me? I'm just for Xingchen's good."

Zhao Shucheng looked at Chen Xiaozheng and said, "If you really want to do Xingchen's good, you wouldn't deliberately make a big deal after Zhou Qu suppressed this construction site accident and caused the company's stock price to plummet. You wouldn't let the other party acquire Xingchen when negotiating cooperation with Bonathan. If it weren't for your encouragement, Bonathan would only cooperate with Xingchen and wouldn't have any intention of acquiring. What's the need for people who are stingy or even harming the interests of the company? "

"I did this for Xingchen. If Zhou Qu hadn't protected Feng Desheng, how could he dare to do such a thing? And you directors, if you didn't turn a blind eye and only see the interests, would Feng Desheng dare to replace building materials so boldly?"

Zhao Shucheng said: "If you think Feng Desheng is doing something wrong, you can tell Zhou Qu or Yu Dong. I believe Yu Dong won't watch Feng Desheng harm everyone's interests. But you didn't say anything, and even added fuel to Xingchen's scandal and harm everyone's interests. Since you say we are all for the benefit, don't blame us for kicking you out for the benefit."

"Also, don't think you're always hiding behind your back, and others don't know anything. You can push the construction site accidents on Feng Desheng and Xu Jianguo, and even if things get bigger, you can get Zhou Qu out. Even the company's original financial files can be submitted to the procuratorate by Lin Jing's hand, but the geese leave sounds, the wind leaves traces, and things are still like this, how can people bear it? Since you have done it, you will leave traces. Don't think that you are really smart and can be seamless."

Since Chen Xiao was about to be driven away, Zhao Shucheng didn't care about letting him know why he left, and letting others know why Zhao Shucheng disliked Chen Xiaozheng so much.

Chen Xiaozheng was a little silenced when he heard Zhao Shucheng's accusations. He didn't understand why Zhao Shucheng knew about these things, and everything seemed to be seen with his own eyes.
Chapter completed!
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