Chapter 1119 Just Bullying You

Ruan Zhenhua had already prepared for the idea of ​​Rebirth International trying to enter the company's board of directors by means of holding shares, and was not too worried.

Ruan Zhenhua's Peiqixin has a market value of over one billion. As a major shareholder, he holds 16% of the company's shares. The brother-in-law, who is the second shareholder, holds 4% of the company's shares.

When a joint-stock company is established, there should be at least five shareholders, and the third, fourth, and fifth shareholders of Peggy's letter may only be small shareholders holding 0.001 shares. Now, in the early days of the Chinese group's entry into Peggy's letter, it will be restricted to 4% of financing holdings Become the company's third largest shareholder.

In this way, there are only three shareholders with real power on Pei Qixin's board of directors, Ruan Zhenhua, his brother-in-law, and Wen Qingxiong.

In the annual board of directors resolution, he will be voted as the chairman without exception, and then appoint himself as the CEO, which means that the entire company is still in his hands.

But for the stocks circulating in the market, as long as Rebirth International holds 20% of the shares, it is equivalent to getting absolute voting rights. It can rectify the board of directors, eliminate shareholders, and even fire Ruan Zhenhua.

But this is not easy, because as a listed company, Pei Qixin has already added protection clauses for himself in the company's articles of association.

Article 131 of the Articles of Association of Peiqixin stipulates that only one director can be re-elected each year.

In this way, even if Rebirth International entered the board of directors, the prerequisite for controlling the company is to re-elect directors. It will take three years to remove one of the original three directors every year. These three years are enough for Ruan Zhenhua to regroup and fight back.

In the same way, Wen Qingxiong has now obtained 4% of Peggy's shares and has become the third largest shareholder. Even if it is handed over to Rebirth International, it will not be able to make it bigger. It is not clear that Pei Qixin can only re-elect one director every year.

If you really implement the plan of stealing the sky and changing the day, it will be a waste of effort to enter the board of directors.

So at this moment, after Ruan Zhenhua finished speaking, Wei Sheng suddenly smiled, turned to Wen Qingxiong and nodded, "Thank you, Mr. Wen."

Her voice was not high, even very soft, but it was still easy to reach Ruan Zhenhua's ears beside her, and the smile that Wen Qingxiong showed immediately after that made Ruan Zhenhua tremble all over, as if falling into an ice cave.

Wei Sheng's smile gradually widened.

Each company has its own protection mechanism in the "Articles of Association", which is called the "Shark Repellent Clause" in the industry.

Some regulations will be automatically triggered when the company is acquired by the opponent, which has legal effect. Employees pay tens of millions of severance pay. If the acquirer wants to completely control the company and must reshuffle the original company's top management, it is equivalent to triggering this protection mechanism and will face huge losses.

So that day in the study, Wen Qingxiong first vetoed the idea of ​​stealing the sky, and told Wei Sheng that even if Pei Qixin agreed to Wen Qingxiong's financing, he would limit the amount of shares held by Chinese Americans. There will not be an amount that would overturn the original board.

When negotiating the financing, the most Peggy Letter could allow him to hold was the equivalent amount of 4% of the shares of the second largest shareholder. No right to speak.

Ruan Zhenhua is still the chairman and the CEO.

Similarly, if Wen Qingxiong does not participate and allows Rebirth International to unilaterally acquire Peggy's equity in the most primitive way, then even if Wei Sheng spends 200 million shares and holds 20% of the shares, he will become Peggy's largest Shareholders, if they want to get rid of Pei Qixin's original two shareholders including Ruan Zhenhua, it will take at least two years according to their protection mechanism.

This is not only time-consuming, but also gives Ruan Zhenhua a buffer.

On this basis, the two finally agreed on a pack of wolves strategy. Rebirth International still carried out equity acquisitions. At the same time, Wen Qingxiong entered Peiqixin as an angel investor and became the third largest shareholder. At that time, his defection will become Rebirth International controls a large arm of Peggy Xin.

As for Wen Qingxiong's benefits, this old fox wants to eat Pei Qixin's 4% shares for free. Even if the stock price has not been raised during the acquisition process, it is about 40 million.

——

Pack of wolves tactics, of course, does not refer to Rebirth International and the Chinese group, if it is just them, it is called double wolves tactics.

This time Ruan Zhenhua was surprised to hear that Wen Qingxiong and Wei Sheng joined forces, he felt a sudden blackout, and then the phone rang suddenly, as if he had a premonition, which made him intuit that something was not right.

Sure enough, when he took out the phone, he saw that it was a call from the company's senior executives. Ruan Zhenhua glanced at Wei Sheng, pressed the answer button and put it next to his ear.

"Mr. Ruan, just after the opening of the market in the afternoon, someone started to attract money from our company. According to preliminary estimates, there are three groups of people, and the amount is very large. It is hard to say whether it is a hostile buyer or a radical investor. It is just that the other party is acting in the same way. Do you want to buy money?" Be careful……"

As if knowing what Ruan Zhenhua was talking on the phone, Wei Sheng had already stared at him and said softly, "Rebirth International, Wancheng Group, Cui Shi..."

Ruan Zhenhua's eyes turned red after hearing this.

He knew that Wei Sheng was telling him that the people who were seeking money from Peggy's letter were coming.

Wei Sheng looked at Ruan Zhenhua and said, "Soon, the three groups will absorb the huge amount of shares that Pei Qixin has in the market. If you are lucky, they may join the board of directors together. If Mr. Ruan plans to defend himself, I can give you two suggestions. The first One, increase your holdings and repurchase your company’s shares, and compete with us for financial resources, but in my opinion, the possibility is very slim.”

"Second, implement scorched-earth tactics and sell a large amount of your company's value. Maybe after your company's value is gone, I will lose interest in the acquisition plan. Then Mr. Ruan will save the foundation that he has built." Wei Wei Sheng smiled casually.

Ruan Zhenhua tightly squeezed the phone in his hand with red eyes, and said coldly, "The scorched earth tactic will hurt both sides, and you will also suffer huge losses."

Wei Sheng smiled lightly, nodded and said, "There are so many of us, we can afford to pay, but Mr. Ruan has no choice but to pay to the end."

Her words were like a sharp and thin steel needle piercing Ruan Zhenhua's last breath of strength. Ruan Zhenhua hadn't felt this feeling for many years, as if the other party was telling him calmly: We are bullying you.

However, in the face of such financial resources, Ruan Zhenhua couldn't help feeling powerless.

His eyelashes flickered slightly, "Even if you enter the board of directors... this year's board of directors change has been completed."

Now that I signed a cooperation with the Chinese group before Rebirth International succeeded, then this year's board reelection has been completed, and even if Rebirth International came in, it would be useless...