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Chapter 65 Triggering the Offer

A total of seven company executives were taken away by prosecutors, and the atmosphere in the entire company became much duller that day.

Everyone is working seriously, and they don’t dare to think of cheating, for fear that if they are not careful, they will ruin this good and well-paying job.

Although there are changes in the company's top management, what can be wrong with being a low-level worker?

Especially in a company that has just changed its president, no one wants to be the next person to be replaced by the company.

Isn't the Twitter next door an example? People who can't write down the code will be fired! Ahem, cough, gone far...

Personnel Department.

Song Liping's younger brother Song Ren is sitting in his sister's office playing games and waiting for good news about his sister Song Liping.

But at some point, Song Ren noticed that his subordinates outside were pointing at him and whispering to each other.

Song Ren frowned and glanced outside, turned off the game, and walked out of the office.

In front of a subordinate who was often bullied by him, he patted him on the face and asked, "What's going on?"

Normally, this subordinate would tremble with fear when he saw him like this, but today this person was different.

The subordinate looked at Song Ren with a sarcastic look and said nothing.

As Song Liping's younger brother, Song Ren was naturally not a fool. When he saw his subordinates acting like this, he immediately thought of the meeting that his sister Song Liping had mentioned in the morning. He knew that something big might have happened.

[Prosecutors come to the company to arrest people...]

[Several high-level officials violated laws and disciplines and were found out by the new president.]

[Vice President Zhang Zhigong was arrested...]

[Manager Song Liping was arrested...]



In the company group, messages that appeared and disappeared one after another aroused Song Ren's attention.

A chill rushed to his forehead, and Song Ren suddenly felt that the sky was dark and the earth was dark, and his legs were a little uncontrollable.

As Song Liping's younger brother, Song Ren was involved in many things she did, and he knew he couldn't run away either.

After being stunned for a moment, Song Ren came to his senses and hurriedly returned to the office, preparing to grab his things and run away. However, as soon as he reached the door, he saw a group of police standing not far away waiting for him.

The briefcase in his hand fell to the ground, and Song Ren was stunned. Even though the police subdued him, he did not resist at all.



Back to half an hour ago, Li Yuanbin, who had just left the conference room, came to the legal department.

I sat down on the sofa in the office of the Minister of Justice and waited quietly for the return of Minister of Justice Yang Xianping.

Soon, the sound of high heels sounded from outside the door. Li Yuanbin opened his eyes and looked calmly at the door.

Opening the door, Yang Xianping, dressed in a smart suit, walked in with documents.

When he saw Li Wonbin sitting on the sofa waiting for him and Park Seol-yun standing behind him, he was slightly stunned.

Soon, Yang Xianping came to her senses and walked quickly to Li Yuanbin and bowed slightly: "President!"

"Well, sit down." Li Yuanbin said calmly, pointing to the sofa opposite.

Yang Xianping sat on the sofa with her legs crossed and looked at him with an anxious look.

Li Yuanbin turned around and waved to Park Xueyun.

Park Seol-yoon handed Li Wonbin the document that had just been printed out and was still warm.

Li Yuanbin pushed the document in front of Yang Xianping, looked at her collagen-filled cheeks and said nonchalantly: "Minister Yang Xianping's problem is not a small one..."

Yang Xianping took a deep breath and was about to explain when she heard Li Yuanbin say again: "However, your problems are just minor ones, and you are also the head of the company's legal department. You should know what to do, right?"

Pointing to the documents on the table, Li Yuanbin said calmly.

Although Yang Xianping has some minor problems, compared with Kim Sang Hyuk's problems that damage the company's image, they are just a drop in the bucket and not worth mentioning at all.

Yang Xianping breathed a sigh of relief. As long as she was not fired, everything would be easy.

She learned from her classmates that Li Yuanbin had a hard time keeping his eyes open, and anyone who did something that harmed the company's image or affected its future development would be fired without exception.

Holding the document in her hand, Yang Xianping nodded to Yang Xianping and said in a firm voice: "President, don't worry, I will definitely handle this matter!"

"Then get busy." Li Yuanbin smiled, stood up from the sofa, said goodbye to Yang Xianping and left.



After Song Ren was arrested, Yang Xianping led the police to arrest people according to the list given by Li Yuanbin, and no one was spared without exception.

In the president's office, Li Yuanbin sat on an office chair and looked at the computer.

Now it's time to figure out how to acquire shares.

While Zhang Zhigong is the vice president, he also holds 10.7% of Samsung Biopharmaceuticals' shares.

What Li Yuanbin is doing now is checking whether there are provisions in this regard in the company's articles of association and shareholders' agreement.

Not to mention, Li Yuanbin really found it.

At the beginning of the company's establishment, there was an agreement among the shareholders that criminal offenses by shareholders would be a condition for shareholders to lose their status.

That is, if a shareholder is sentenced for committing a crime, his status as a shareholder will be lost and he must sell the shares he holds.

The transfer of equity by a shareholder to a person other than the shareholder must be approved by a majority of the other shareholders.

Shareholders should notify other shareholders in writing to seek their consent regarding the transfer of their equity. If other shareholders do not respond within thirty days from the date of receipt of the written notice, they will be deemed to have agreed to the transfer.

If more than half of the other shareholders do not agree to the transfer, the shareholders who do not agree should purchase the transferred equity. If they do not purchase, they will be deemed to have agreed to the transfer.

For equity transferred with the consent of shareholders, other shareholders have the right of first refusal under the same conditions.

In this case, after Zhang Zhigong is prosecuted, Li Yuanbin, who holds 20.8%, can acquire Zhang Zhigong's shares to reach more than 30% of the shares.

In this way, you will have the conditions to trigger the mandatory offer.

Of course, there is another problem here, which is the 2% free purchase rate.

What this means is that if a shareholder originally holds more than 30% but no more than 50% of the voting shares, and increases its holdings by more than 2% within 12 months, a mandatory offer will be triggered.

From this point of view, when Li Yuanbin acquired Zhang Zhigong's shares, he still needed to go to the secondary market to purchase more than 2% of the shares, crossing the 2% free purchase rate threshold and triggering a mandatory offer.

If the previous preparations are completed successfully and the mandatory offer is triggered, then Li Yuanbin will make the offer unconditional, that is, obtain more than 50% of the shares with all voting rights.

If everything goes well, Samsung Biopharmaceutical Company will also be officially spun off from Samsung and become Li Wonbin's possession.

Li Yuanbin took out his mobile phone and sent a text message to Li Qinghua. There were only these words on it: Prosecutor Li please impose a penalty as soon as possible.

Soon, Li Yuanbin received a reply from Li Qinghua, which wrote: "The evidence is conclusive. They are helpless and will plead guilty soon."

Li Yuanbin nodded, put his phone on the table, and began to simulate all this in his mind until Minnie's call came.
Chapter completed!
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