Chapter 208: Suppressing Shareholders
The acquisition of Elephant Entertainment has come to an end, and it is almost time to sign a contract.
At this time, Yang Chen suddenly proposed to cancel this plan, and everyone naturally asked why.
Yang Chen didn't hide it at all, and said bluntly: "Li Hui, the CEO of Elephant Entertainment, annoyed me. Is the reason enough?"
The whole audience was speechless.
Isn't this a rogue mother?
But if you think about it, it's a good enough reason.
However, some people still think that Yang Chen shouldn't use fake public affairs for private affairs, private affairs are private affairs, work is work, and they cannot be confused.
After all, the company is not his alone, and there are so many shareholders.
At this time, the system issues a reminder.
System: "Sign-in is completed, daily tasks are released, and the only 1% stake left in Wu Zhen's hand is acquired. Complete the task and reward 51% stake in Dream Castle Hotel. Please confirm whether to accept the task."
The daily tasks of the system still have to be taken over.
It is the best that can be completed, and there is no loss if it is not completed, so why not accept it?
Yang Chen: "Accept the mission."
System: "Receive the instruction, the task will take effect, please complete it as soon as possible, master."
At this time, Wu Zhen spoke.
"Dong Yang, I think everyone is right. You can't just consider personal grievances and ignore what's in the company. The purpose of so many shareholders investing in the company is for better returns, not to help resolve personal grievances."
Yang Chen: "Mr. Wu leaving 1% of the equity in his hand is not interesting. In this way, I will pay 100 million, and you can sell the remaining 1% to me as well."
According to the current market value of Star Art Entertainment of 3.2 billion, 1% of the equity is only worth 32 million.
Yang Chen directly paid 100 million to buy it, and Wu Zhen was naturally moved.
Wu Zhen: "Director Yang is really generous. Okay, then I will satisfy Director Yang's wish and sell the remaining 1% stake to Director Yang at a price of 100 million."
Yang Chen: "Secretary Li, go and prepare the equity transfer letter."
The board secretary nodded and hurried to get the equity transfer letter.
Seeing that Yang Chen was so willing to spend money, the other shareholders were immediately moved.
They can make a lot of money by selling their stake at a premium of 200%.
"Director Yang, buy the equity in our hands as well."
"Yes! And the 3.8% stake in our hands is also taken together."
"We don't want such a high price, just a 120% premium."
"We'll do it with a 100% premium."
...
If Yang Chen wants to increase his equity, he can go to the secondary market to increase his shares.
There is no need to pay high prices to buy the equity in the hands of these shareholders.
The reason for giving Wu Zhen a high price is to safely buy 1% of his shares and complete the task of system release.
After completing the task, Yang Chen will be able to get 51% of the equity of the Dream Castle Hotel.
Dream Castle is a joint venture hotel with a five-star standard, with a total of 36 hotels across the country.
Almost every provincial capital city, municipality directly under the central government, special economic zone, etc. will have a dream castle hotel.
After several rounds of financing, Dream Castle is now valued at 20 billion.
If you can get 51% of the equity, that means you can get more than 10 billion assets.
The premium is less than 60 million, in exchange for assets of more than 10 billion, it is too cost-effective to calculate with closed eyes.
As for the equity in the hands of others, Yang Chen has no interest in acquiring it at a premium.
Yang Chen: "Thank you for your trust in me. If you really want to sell your equity, we can sit down and talk slowly when you have time."
At this time, the secretary of the board of directors brought the equity transfer letter.
Yang Chen and Wu Zhen signed and pressed their fingerprints.
Yang Chen immediately transferred 100 million to Wu Zhen.
Now Wu Zhen is not a shareholder of Star Art Entertainment.
If he continues to be a director, it will not be suitable.
Therefore, he resigned from the director very consciously, got up and left.
System: "Congratulations to the director for completing the task and rewarding 51% of the equity of the Dream Castle Hotel. The equity transfer letter is being processed, please wait..."
After all, it is a joint venture hotel.
Equity allocation must be very complicated.
It is understandable that it takes time to complete the formalities for 51% of the shares to be integrated into the system.
Yang Chen: "Now, let's raise your hands to vote, whether you agree or disagree with the plan to cancel the acquisition of Elephant Entertainment. I'll take my stand first, I agree!"
Others are not stupid, there is no need to fight against Yang Chen, who holds 46% of the shares, it is definitely not good.
So, everyone agrees.
Yang Chen: "Very good. Secretary Li, you should call Elephant Entertainment and inform them that we have cancelled the acquisition plan."
Secretary of the Board of Directors: "Okay, Director Yang, I'll call right away."
Yang Chen: "I'm going to put forward the second proposal for everyone to vote on. I'm going to replace all the board members except me,"
Everyone got excited when they heard it, and the meeting room immediately became lively.
"This is too much! Are you going to clear your dissidents when you come up?"
"It would be too arrogant to clear the board of directors at once."
"I definitely can't agree with this. Why should I clear all the sensible people for no reason?"
"Dong Yang, you have to give us an explanation, right? Why did you clear the entire board of directors? Just because they were slow to express their opinions yesterday, you are waiting for revenge with a grudge. This is not the quality of a company chairman."
...
Yang Chen motioned everyone to be quiet, and explained: "One emperor and one courtier, don't you understand such a simple truth? I'm just replacing them now, and you can also propose new candidates for election. What's wrong?"
It was only now that everyone understood that Yang Chen simply did not like these directors, and did not intend to target them as shareholders.
The crowd quieted down.
While playing with his phone, Yang Chen said, "Cooperating with me will benefit all of us. If you don't cooperate, I have a way to deal with you."
As soon as the words fell, the stock price of Star Art Entertainment changed.
Some people eat a lot of goods, and the stock price is directly pulled from 3.2 yuan to the daily limit of 3.5 yuan.
Roughly estimated, this person ate 1.2 shares at once, accounting for 12% of the total share capital.
Most of these shareholders come from funds or investment companies.
Each of them has a very deep background, and they are naturally very confident, so they are not afraid of Yang Chen's intimidation.
"Yang Dong, your new official has three fires, and the few are a bit prosperous! It seems that you can't control the fire."
"Yang Dong, it's almost done, do you still want us to tear our faces?"
"As long as our funds and investment institutions join forces, it is very easy to suppress the company's stock price to less than 1 yuan. Once the company is delisted, the Xingyi Entertainment you spent more than 2 billion to buy will become a It's empty."
"Ha ha……"
It can be seen that these shareholders usually do nothing to scare the major shareholders and the chairman.
People who rely on big funds and big investment institutions ignore the chairman.
Before, maybe it worked.
Now, Yang Chen is definitely not used to them.
Yang Chen: "Really? Everyone, look at the stock price, and then come back and tell me if you can join hands to lower the stock price below 1 yuan!"
Everyone quickly took out their mobile phones and opened the trading software to take a look.
Everyone was stunned.
what happened?
Why the daily limit?
who did it?
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