The arrival of Lawyer Lin added a bit of suspense to the atmosphere in the conference room.
In the conference room, those who originally believed that Ning Kezhu was destined to lose now began to feel a little worried.
However, people who originally thought that Ning Kezhu had no chance of winning, although they were hoping for a miracle, suddenly became excited.
Cheng Guangnian really has a backup plan!
Even Zhao Zepeng, who thought he was sure to win, his pupils shrank sharply at this moment. He seemed to smell a hint of danger that was not easy to detect. He couldn't help but stare at Lin, the head of the group's lawyer advisory group, with faint eyes.
lawyer.
"Lawyer Lin, this is an enlarged shareholder meeting of our group. What are you doing here?" Zhao Zepeng's voice was dark, and he was expressing his dissatisfaction.
Lawyer Lin picked up the bag in his hand and said, "Sorry, sorry, I know you are convening an enlarged shareholder meeting of Cheng Group, and Ms. Ning has informed our firm before.
Because Chairman Cheng left a document with us before, and the only and necessary condition for that document to be activated is that the Cheng Group convenes a shareholders' meeting without him being present.
So, there is no other way, I have to read this document.
I know that this shareholders' meeting is to elect a person who will temporarily take charge and act as Chairman Cheng.
But before you elect a new chairman, we must also follow the procedures and implement the decision of Cheng Guangnian, who is still the chairman at this moment."
Hearing such words, the old officials who supported Ning Kezhu were overjoyed.
Cheng Guangtian was naturally relieved. He felt that this was Cheng Guangnian's back-up plan.
He took a deep look at Ning Kezhu and said to himself, it turned out that this was the last hand of cards Ning Kezhu relied on. The resolution that Lawyer Lin was going to announce must be related to the shares held by Cheng Guangnian.
No wonder she has always been so determined and said that what she hopes for most is to directly compete for the number of shares.
With Cheng Guangnian's shares, Ning Kezhu will certainly not be afraid of anyone.
The people on Zhao Zepeng's side were all extremely nervous.
This time, they can be considered as desperate.
No matter how good they are on the surface, they all know that if Ning Kezhu does not come to fight for the position of acting chairman, as long as either Ning Kezhu or Cheng Yu appears, they will side with Zhao Zepeng.
The fact will become a thorn in Cheng Guangnian's heart.
Even with Cheng Guangnian's temperament, once he wakes up, the first thing he has to do is to make it clear that he is on Zhao Zepeng's side in this incident... No, it should be said that he is on the opposite side of Ning Kezhu.
Completely clean out.
What they relied on was nothing more than Zhao Zepeng's assurance and various analyzes by their respective legal teams.
If they hadn't decided that Ning Kezhu could not obtain Cheng Guangnian's share authorization for the time being, and given them ten more courages, they would not have dared to defect to Zhao Zepeng's side.
For a moment, everyone turned pale, and even Zhao Zepeng began to feel uneasy.
"Lawyer Lin, I'm sorry." Ning Kezhu remained calm as usual, as if all this was in her expectation.
Zhao Zepeng glanced at her and said to himself, no wonder I suggested taking a break, but she followed suit and set the time after half past eleven.
It turns out that she had known that Lawyer Lin was coming, and if the new acting chairman was directly elected without a break, Lawyer Lin would be in trouble. At least, the new chairman could shut him up. After all, this lawyer advisory group
After all, it is not Cheng Guangnian's personal property, but serves the Cheng Group.
But now that the matter has come to this, Zhao Zepeng has no choice.
"Lawyer Lin, thank you!" Zhao Zepeng said darkly.
Lawyer Lin smiled slightly and nodded at Ning Kezhu and Zhao Zepeng. Then, he took out a document from his bag and divided it into two.
"Before reading out the resolution left by Chairman Cheng, I want to tell you something else. The legal department of Du Group went to our firm today and submitted a statement."
The conference room was quiet, everyone had their own thoughts, but in fact they all knew what the statement submitted by the Du Group would be like.
"Say it." Zhao Zepeng was a little weak.
Attorney Lin placed the document on his left hand on the table, opened the document on his right hand, and read a legal statement according to the script.
The meaning is very simple. As a shareholder holding 5% of Cheng's Group's equity, Du's Group requested the Cheng's Group's board of directors to recommend Ms. Ning Kezhu to serve as acting chairman during Cheng Guangnian's illness.
This means that the exercise rights brought by the 5% of the shares held by the Du Group were voted for Ning Kezhu.
In this way, from an equity perspective, Ning Kezhu and Zhao Zepeng are now officially on the same starting line.
Of course, this has no substantive effect. After all, in addition to his ten points of shares, Zhao Zepeng also has the support of the Four King Kongs.
But no matter what, this is the clearest opinion given by the Du Group, that is, Du Changfeng.
In other words, even if Zhao Zepeng comes to power, he will still have to consider the pressure from Du Changfeng.
Whether Zhao Zepeng can sit comfortably in this position depends on whether he can withstand Du Changfeng.
Before that, many people believed that Du Changfeng and the Du Group would not make such a clear statement. At most, they would send an equity representative to silently vote for Ning Kezhu.
Everyone couldn't help but turn their attention to Zhao Zepeng. Sure enough, Zhao Zepeng was no longer as steady as before. The expression on his face was slightly distorted, showing a bit of restlessness.
"Lawyer Lin, please tell me what instructions Director Cheng has."
Seeing that Zhao Zepeng began to bear the pressure from the Du Group, several old ministers laughed secretly in their hearts, and one of them spoke up.
Lawyer Lin nodded, put down the document in his hand, and picked up the other one.
After opening it, Lawyer Lin said: "This document was signed by Chairman Cheng in person at our Huaqiang Law Firm five months ago, and was notarized by Mr. Xu Dong, the former assistant to the chairman of the Cheng Group, and two notaries from the notary office.
We have jointly verified it with all the members and our law firm has guaranteed that this is indeed Chairman Cheng’s true wish.”
"Let's just talk about the content." Zhao Zepeng said lightly. It was obviously not a wise move to question the authenticity of this document at this time.
No matter how bold Lawyer Lin is, he will never dare to make a name for himself in a place like this.
After nodding, Lawyer Lin finally read out the contents of the document.
The document first presupposes a lot of prerequisites, the most important of which is that due to force majeure factors, Cheng Guangnian is unable to personally participate in the shareholders' meeting of Cheng Group in any way, and there are sufficient reasons for the shareholders' meeting to be held.
Of course there is no problem with this. Cheng Guangnian is now bedridden and no one knows when he will wake up from his coma. As for whether this shareholder meeting needs to be held, it has been approved by almost all shareholders and executives present.
Not to mention that Cheng Guangnian is unable to attend this meeting now. Even if he is still in the group, with so many shareholders requesting a general shareholders' meeting, he cannot object.
The premise is no problem.
Then there's the content.
This content, to be honest, is a bit surprising.
Cheng Guangnian said that once many prerequisites are established, once the shareholders' meeting is convened, he will initiate his personal equity acquisition of Qianjin Company.
Of course, he does not want to acquire the entire Qianjin, but only the shares of Qianjin belonging to individual shareholders.
Qianjin Company's shareholders are Cheng Group and Du Group, while the individual shareholders are Ning Kezhu, Cheng Yu, Du Xiaoyu and Xu Dong. These six parties own a total of 88% of Qianjin.
The shares, the remaining 12 percent, are shared among many investors who want a piece of the pie.
In Qianjin Company, the shares belonging to individual shareholders, including Xu Dong, totaled 48%.
The reason why Cheng Guangnian was able to directly initiate the acquisition of Qianjin Company's shares was precisely because although no one controlled Qianjin, after something happened to him, the combined shares held by Du Xiaoyu, Cheng Yu, and Ning Kezhu alone
, it has reached as much as 45%. Coupled with the 20% shares of the Cheng Group, the Du Group, regardless of whether it opposes it or not, is enough to allow Cheng Guangnian's plan to be implemented smoothly.
Everyone present is a smart person, and no one can't settle this account. Therefore, it seems that the things mentioned in this document still need final confirmation from Qianjin, but this can only be done within a few hours.
Just a proper thing.
Of course no one will question this.
Lawyer Lin said: “Because Director Cheng’s document is here, we have been tracking the market valuation of Qianjin Company.
According to the market valuation report we received two days ago, and according to data released by several of the largest consulting firms in the industry, Qianjin’s current market valuation is between 65 billion and 70 billion.
Director Cheng's document states that he will use the higher valuation provided by Morgan Stanley and McKinsey as his sole basis for Qianjin's valuation.
"
"What is the valuation of Qianjin by these two companies?" someone raised their hand and asked.
"Morgan Stanley gave the company the highest valuation of any company, which is 70 billion."
This means that Cheng Guangnian plans to acquire part of Qianjin’s shares at a valuation of 70 billion.
Everyone was silent again.
There is nothing to say. What kind of market valuation is accepted? Under such circumstances, even if it cannot be carried out according to Cheng Guangnian's wishes, the valuations given by many well-known companies in the market still have considerable reference value.
Cheng Guangnian took all this into consideration and handed over the obviously subjective matter of valuation to various evaluation agencies and well-known companies, which has fundamentally eliminated the possibility of anyone making a fuss about it.
Moreover, to be honest, although Morgan Stanley valued Qianjin at only 70 billion, if Qianjin really announced that it would conduct a second round of financing, then a premium would be essential.
Valuation is valuation. How much money can be raised during financing depends on how optimistic the industry is about Qianjin's future.
There is no doubt that Qianjin’s future is bright. The company, which was founded less than three quarters ago, initially had a total investment of 20 billion, but now it has reached a market valuation of 70 billion.
If you really want to raise funds, it is not impossible to get a valuation of 100 billion.
Therefore, in response to what Lawyer Lin said, Cheng Guangnian made value judgments based on the highest valuation. Those present wanted to raise objections, but they could not.
"Chairman Cheng intends to acquire 10% of Qianjin Company's shares from Ms. Ning Kezhu and 10% of Qianjin Company's shares from Mr. Cheng Yu. Based on the current market value of Cheng's Group, Director Cheng
The president will exchange 7% of his shares in the Cheng Group with Ms. Ning Kezhu and Mr. Cheng Yu."
Lawyer Lin turned around, looked at Ning Kezhu with a smile, and said, "Ms. Ning, are you willing to exchange 10% of the shares of Qianjin Company for 3.5% of the shares of Cheng Group?"
Of course Ning Kezhu would not object, nodded slightly and said, "No problem."
Lawyer Lin nodded and added: "As for Mr. Cheng Yu, another colleague from our firm has gone over to discuss it with him. We can only wait for the result from my colleague."
Later, Lawyer Lin took out three more documents and handed them to Ning Kezhu: "Ms. Ning, if there is no problem, please read this share exchange agreement carefully and sign it.
These three documents have been stamped by our firm and Chairman Cheng has signed and confirmed them in advance.
The shares of both parties have also been confirmed by your group's accounting firm, and filled in under the mutual supervision of our firm and the accounting firm...
Oh, there is also an authorization letter authorizing our firm to fill in the data, which will be disclosed to all parties involved in the agreement after the entire agreement is completed."
There are undoubtedly some procedural issues. After all, this involves many questions. But no one raised objections to what Lawyer Lin did. After all, it is impossible for a law firm to mess around on this kind of thing. Go and object now.
Or whatever, it's just a delay.
As time goes on, it will only lead to calls from many parties to temporarily suspend the election of acting chairman.
Of course Zhao Zepeng felt depressed, but there was nothing he could do about it.
He is ambitious, but that doesn't mean he is a fool. He also understands that there is no need to offer any opinions at this time.
What Zhao Zepeng is considering now is the matter of shares.
Cheng Guangnian gave up 7% of his personal shares in Cheng's Group in exchange for 20% of Qianjin's shares. Although he will no longer have an absolute controlling position in Cheng's Group, these 7%
As well as the 5% shares originally owned by Cheng Yu, and even the 5% shares in the Du Group, they are still enough to support him to continue to maintain actual control over the Cheng Group after his return.
As a result, the original 50% shareholding of the Cheng Group, except for Cheng Guangnian, became the current 57%.
This means that winning this vote will no longer be something that can be done by 25%, but will require 28.5%.
Zhao Zepeng already owned at least 24.6%, but Ning Kezhu suddenly increased from 10% to 17%.
Coupled with the more than 3% of the shares held by those old ministers, Ning Kezhu has now actually obtained the support of more than 20% of the shares.
Although Zhao Zepeng still has the upper hand in the situation, there is no doubt that this has greatly disrupted Zhao Zepeng's plan.
After Zhao Zepeng obtained the support of the "Four King Kongs", he almost stopped looking for other allies. He was very sure that when he had such a huge chance of winning, those shareholders with a small proportion of shares would definitely recognize him.
Clear the situation and return the votes to him.
But now, the situation has suddenly changed. Even if he is still slightly ahead, those shareholders with a smaller proportion must reconsider the possible "Cheng Guangnian's return."
Especially the company's senior executives and technical staff, their total management shares have three points. Although there are as many as fifty people, in fact they are basically just part-time managers.
Except for a few of these people who will firmly vote for Zhao Zepeng, the rest are probably just outsiders. They will vote for whoever has the best chance of taking the position of acting chairman.
Being provoked by Lawyer Lin, the possibility of Ning Kezhu's victory was greatly increased. Zhao Zepeng thought with a sinister look on his face. He knew that a large number of the technology stocks in the hands of these executives would belong to Ning Kezhu.
If this is the case, Ning Kezhu's shareholding may have reached about 24%, and the two of them instantly returned to the same starting line.
Of course, there are about ten shareholders whose shares are around 1%. They didn't have much influence originally, but now, their attitude almost determines the final trend.
These ten or so shareholders own a total of just over 8.0% of the shares.
However, no one really thinks that these eight points of shares can completely influence the situation.
The reason is very simple. Cheng Guangnian's share exchange will not end here. In addition to the 40% total shares of Cheng's Group and Du's Group, Qianjin will also exclude the 12% used in the first round of financing.
of shares, and 28% of the shares are also owned by individual shareholders.
Of the 28% shares, 25% belongs to Du Xiaoyu and the other 3% belongs to Xu Dong.
As long as Ning Kezhu's situation is not good, Lawyer Lin can continue to initiate the exchange and acquisition of the shares of Qianjin Company owned by Du Xiaoyu and Xu Dong.
These 28% of the shares can also be exchanged for up to 9.8% of the shares of the Cheng Group owned by Cheng Guangnian.
Both Du Xiaoyu and Xu Dong will stand unswervingly on Ning Kezhu's side.
After all, according to the document left by Cheng Guangnian, he is likely to swap out close to 17% of the shares at most, making Cheng's group's shares other than his own 63%.
In that case, both Ning Kezhu and Zhao Zepeng will need the support of at least 31.5% of the shares to take the position of acting chairman.
In other words, Zhao Zepeng still needs at least nine points of share support to completely secure his position as the winner of the vote.
Not only Zhao Zepeng can calculate this account, but everyone here can calculate it.
In addition to the shares currently held by Zhao Zepeng and his "Four King Kong", as well as Ning Kezhu, the total number of shares in the entire conference room that can be competed for by both parties is only 11%.
Of course, the support of the three old ministers, who hold nearly 4% of the shares to Ning Kezhu, is particularly crucial at this time.
Fifty executives and technicians have a total of three points of shares, and the remaining shareholders have eight points. Can Zhao Zepeng get 90% of them?
At least, one shareholder had made a nearly clear statement just now that she was on Ning Kezhu's side. Now there was more than one less shareholder, and Zhao Zepeng almost needed to win over all the remaining shareholders.
But it is impossible for all of the nearly fifty executives and technical staff to be on his side.
Although the shares held by these people are small, at this moment, they are already very important.
Cheng Guangtian gritted his teeth, took out his phone and turned on the calculator and calculated for a long time. Finally, Cheng Ran calculated the nearly accurate data and showed it to him, and Cheng Guangtian felt calm.
No wonder Ning Kezhu said he wanted to talk things based on shares. It turns out that the real backer is here. The so-called think tank is just a smoke bomb...
No, it’s not a smoke bomb. As for the law firm, Lawyer Lin is definitely one of the think tank members.