Chapter 246 The seizure of power begins!
Super Manufacturing System 246_The full text of Super Manufacturing System is free to read_Chapter 246 The power seizure begins! From
"That's right! I just want to control Shen's Group. This is a once-in-a-lifetime opportunity. I'm not afraid of you revealing this secret, because I already have enough chips on hand. If you don't make this deal with me, at worst I will acquire Shen's equity from the secondary market at a high price. My goal will definitely be achieved!" Chen Yi said confidently.
Shen Zhenwei's face changed when he heard this. Looking at Chen Yi, he felt his strength and terror, as if he had never known him - Chen Yi's ambition was so great!
For a moment, the atmosphere in the private room was a little awkward and no one spoke.
Shen Zhenwei stared at Chen Yi, and the expression on his face gradually evolved from the initial shock to praise and comfort, and he thought to himself: "The child Chen Yi is indeed determined and courageous, and he deserves to be my son!"
"How is it? There are two days to go before you. First, sell the equity to me, and you will receive a large amount of cash compensation, about 200 million to 300 million! The second way is to continue to retain the equity of Shen and report my plan to the Shen family, but this cannot stop me from finally controlling the Shen Group. I have been planning for a long time and have prepared sufficient funds to support me. Since I dare to come to you to buy equity, I am not afraid of you revealing my secrets." Chen Yi said with a serious expression.
"Aren't you afraid that the Shen family will know your thoughts in advance. Will you adopt the poison pill plan to deal with it?" Shen Zhenwei asked coldly.
"Haha, the Poison Pill Plan requires shareholders to buy new shares at a low price. Now Shen's Group is in a quagmire, and it is too late for shareholders to withdraw their shares. How can they buy new shares? The new shares you issue are just a piece of waste paper. Moreover, corporate governance is becoming more and more important, the adoption rate of the Poison Pill Plan has dropped significantly. The company's board of directors is unwilling to give the outside world the impression of layered protection." Chen Yi smiled.
Shen Zhenwei sighed. Chen Yi was right. Now the Shen family is really unable to adopt the poison pill plan. Even in the face of malicious acquisition, they barely adopted the poison pill plan. While hitting the opponent, they also dragged themselves into a deeper vortex.
"Mr. Chen, have you considered it? I sincerely want to acquire your equity. I hope you can make this transaction with me. It is a good thing for both parties to benefit each other." Chen Yi smiled.
"Xiao Yi, in fact, from the perspective of blood relationship, you are also a member of the Shen family, and you are in charge of the board of directors of the Shen Group. In my opinion, it is acceptable. However, my father and uncle don't think so, even Shen Zhentang, the current president of the Shen Group, will not agree to you control the Shen Group." Shen Zhenwei said.
"I know, so I can only adopt a malicious acquisition method. In short, I must control the Shen Group!" Chen Yi said firmly.
"Why? The Shen Group is now full of troubles. Why do you still want to buy it?" Shen Zhenwei stared at Chen Yi and asked with a puzzled look on his face.
"Because I fell in love with the pharmaceutical industry of Shen's Group. I think this is an industry that can become bigger and stronger. As long as I can control Shen's Group, I will focus on the pharmaceutical industry. As for the catering sector, I will gradually shrink until I finally withdraw." Chen Yi said.
"Your plan is that Shen Group will only do medicine in the future?" Shen Zhenwei asked.
"Yes, it also includes health products. Isn't Shen's collagen peptide developed by your Shen's Pharmaceutical Group recently a sign that Shen's Group wants to enter the health products field?" Chen Yi smiled.
"Well, Shen's Group is indeed going to enter the health care product industry." Shen Zhenwei said.
"Mr. Chen, I can give you a few days to consider. You can make this transaction with me before the shareholders' meeting is held." Chen Yi smiled.
"Xiaoyi, I don't have to think about it. I owe you and your mother too much. If I can make up for the mistakes I made in the past, I would rather give you 4% of my equity for free!" Shen Zhenwei showed guilt on his face and said firmly.
"Haha, this is not necessary. I won't take your shares in vain." Chen Yi shook his head and smiled.
"Then what exactly can you forgive me?" Shen Zhenwei said helplessly and painfully: "Xiaoyi, I really hope you can recognize me as a father, and I hope you can forgive me!"
"Mr. Chen, to be honest, I have not suffered much in the past few years. It was my mother who raised me by myself. She has suffered too much. If you can ask her for forgiveness, I can consider accepting you. You don't owe me anything. The person you are most sorry for is my mother. She gave you all her youth and everything about her. The ruthless humiliation and rejection of the Shen family is indeed too unfair to her." Chen Yi said seriously.
"Yes, I know, I have been trying to make up for you two over the years." Shen Zhenwei sighed.
"Some mistakes cannot be compensated, and some scars cannot be smoothed out." Chen Yi smiled faintly.
Shen Zhenwei's eyes flashed with a sentimental and ashamed light, staring at Chen Yi, and sighed a long sigh and said, "Xiaoyi, you can take my 4% equity. I'm so-called whether to give it or not. Since the day I was removed from the position of president, I have developed a desire to retire. I have been living so tired over the years. My health is not good and I need to take good care of it. As for where the Shen family will go in the future, it has nothing to do with me. I just want to have a clear conscience. If you can control the Shen Group in the future, I hope you can carry forward the industry that our Shen family has worked hard to establish."
"Don't worry, I can." Chen Yi smiled confidently.
"Okay, I'll go back and prepare, and I can trade tomorrow." Shen Zhenwei said seriously.
"Thank you for your cooperation!" Chen Yi smiled.
The next day, Shen Zhenwei did not break his promise and secretly transferred the 4% equity of Shen Group he held to Chen Yi, and the two parties signed a transfer agreement.
Chen Yi sent Shen Zhenwei's account a total of 200 million yuan in cash exchange and completed the transaction.
Since Shen Yi's investment, Shen's Group is fully promoting Shen's collagen peptides. It is busy all over the place. Chen Kangquan and Shen Zhentang never expected that Chen Yi's ambition was so great that they had already begun to dig out the corners of the Shen family.
The strongest fortresses are often the easiest to break from within...
"Sister Yan, we have now secretly held 26% of the shares of Shen's Group. The board of directors of Shen's Group currently holds 27% of the shares. The end of this month is the day when the shareholders' meeting of Shen's Group is held. It just happened to be the three-year re-election of directors. If we can launch a power-grabbing action at the shareholders' meeting, we can completely control the Shen's Group!" The next morning, Chen Yi found Song Xinyan and said to her excitedly.
"Yes, there is still 1% short of equity. What method do you plan to take?" Song Xinyan asked.
"I think we should contact the major shareholders of the Shen Group, especially those who are not the Shen family. As far as I know, at the Shen Group shareholders' meeting, the Shen family is a minority after all, and those shareholders of the Shen family are the targets we are fighting for. They all have the right to vote, and the focus of the work below should be these people." Chen Yi said seriously.
"Well, although we are the largest shareholder of Shen's Group and have relatively controlling stakes, this does not mean that we can finally control Shen's Group. We must seek support from more than half of the shareholders. If more than half of the shareholders still support the Shen family in power, even if we have the right to speak for the largest shareholder, we will not be able to ultimately control the board of directors." Song Xinyan nodded and said.
"I think it is not difficult to win the support of shareholders, especially now that the Shen Group is in a critical moment, and those shareholders will naturally turn to the largest shareholder. They are already very disappointed with the Shen family. It is not realistic to ask them all to unite to support the Shen family." Chen Yi smiled.
"Yes, the Shen Group is actually under our control." Song Xinyan smiled.
"From tomorrow, take action! You are responsible for listing a list of major shareholders of the Shen Group. Let's act separately and convince them to support our power-grabbing action." Chen Yi clenched his fists and said in his heart: "The final battle to seize control of the Shen Group is about to start!"
Starting the next day, Song Xinyan obtained a list and information of the major shareholders of Shen Group through various channels, and acted separately with Chen Yi, and began to do the work of these shareholders.
Many major shareholders are cautiously supportive of Tengyi Company's acquisition of Shen's Group, and some shareholders have decided to withdraw from Shen's Group and sold part of their equity.
Chen Yi purchased 3% of the shares at a low price, and the shares controlled reached 29%, exceeding the 27% of the shares actually held by the board of directors of Shen Group.
If you want to establish a board of directors you control, it is not enough to be the only commander. The Shen family has controlled the group for so many years, and after all, it has a deep influence. If only Chen Yi enters the board of directors alone, and the other directors are all from the Shen family or the direct descendants of the Shen family, then even if he becomes the chairman, he will be seriously bound.
Therefore, Chen Yi decided to secretly support his team. First, he would also bring the old subordinates of Tengyi Company into the Shen Group. The two companies will definitely have to merge and reorganize in the future, and the name of Shen Group will even be completely sealed.
First of all, Song Xinyan is his right-hand man. She has served as the financial director of Tengyi Company for more than a year and has made great contributions to the company's development. This time, she is the general planner of the annexation of Shen Group. With her personal charm, she should be awarded the position of director.
Chen Yi spent a lot of money this time. Through equity replacement, after her own consent, she replaced 5% of Tengyi Electronics with 5% of Shen's Group's equity, and reached an agreement with her to "confidential actors".
The reason why she was allowed to hold such a high stake was to increase Song Xinyan's voice. In the future, Song Xinyan will take the important position of financial director after the merger and reorganization of Tengyi Company and Shen Group.
Super Manufacturing System 246_The full text of Super Manufacturing System is free to read_Chapter 246 The power seizure operation begins! Update is completed!
Chapter completed!