Chapter 686: Who Agrees and Who Opposes?

Hearing Zhang Jianming's motion, Chen Xiao almost couldn't believe it.

"Mr. Chen, do you want to remove my chairmanship?"

Chen Wan smiled and said, "Mr. Chen, do you think it's possible?"

"Why, it's impossible that I can't propose it?"

Chen Yu spread his hands: "As a director of the company, I have the right to propose proposals."

"Who agrees and who disagrees?"

Involuntarily, Chen Yu suddenly said this sentence.

He felt like the villain in a movie.

However, saying this sentence, he felt really cool.

He did understand a little bit why the villains in many movies are so arrogant.

Not that they really wanted to be so arrogant.

But the coolness brought by such arrogance is simply not comparable to other.

"Vice President Liu, it's time for a vote."

After finishing speaking, Chen Yu looked at the vice president of Yongle Home Appliances, who was the voting host of this shareholders meeting.

"I object."

There is no need for Vice President Liu to start, Chen Xiao was the first to say.

"We are also against it."

The minority shareholder representatives who followed Chen Xiao also expressed their opposition at this time.

"I support."

Chen Yu naturally raised his hand.

Then, Chen Yu looked at Bain Capital.

Of course, at this time, Chen Xiao, like Chen Yu, was also watching Bain Capital.

"I'm sorry, Mr. Chen."

Seeing that Chen Xiao had looked at this side, Bain Capital representative John raised his right hand: "We Bain Capital support the motion proposed by Director Chen Yu.

"

"what?"

At this moment, Chen Xiao opened his eyes wide and couldn't believe it.

Of course, those who couldn't believe it also included the vice president of the chair, as well as the representatives of some minority shareholders.

They thought about it a lot, but they didn't expect it to be like this.

Even at that time, they were surprised that Bain Capital opposed the acquisition by China Magnesium. They just thought that Bain Capital might not be very optimistic about this acquisition. This is normal. An acquisition like this is related to the life and death of a company. If one operation is not good, it may end. Bain Capital abstained, it is conceivable.

However, at this time Bain Capital has changed from abstention to openly opposing Chen Xiao.

"Mr. John, are you kidding me?"

Chen Xiaozhi felt like he was dreaming.

In other words, he never dreamed that Bain Capital would want to remove him.

Because before that, they had a good cooperation with Bain Capital, and Yongle developed well.

As an investor, Bain Capital is for making money, and they cannot remove Chen Xiao.

What's more, Chen Xiao is also the founder of Yongle Home Appliances.

"Sorry, Mr. Chen, I think the prospect of e-commerce is very good, so I am very optimistic about the cooperation with Mr. Chen Yu, President of Universal Technology."

John said it directly.

By this time, there is no need to pretend anymore.

In fact, they abstained just now, which has already represented their intention of Bain Capital.

But in the end, he still has some fantasies about Chen Lai.

Chen Xiao felt that there might still be insufficient communication with Bain Capital. After the shareholders meeting, he could find a way to communicate with them. But now, Chen Xiao has no chance. This time at the general meeting of shareholders, it meant that he was swept out of the house.

"Mr. Chen, I underestimated you."

Looking at John, then Chen Xiao turned his attention to Chen Yu's side.

He finally understood.

In fact, Chen Yu had already arranged this meeting of shareholders.

Even if Chen Xiao does not hold this shareholders meeting, Chen Yu may take the initiative.

It's just that the time may not be now.

"Okay, you are amazing, I am convinced that I lost."

Throwing away the documents in his hand, Chen Xiao left the shareholders' meeting with a livid face.

"Then, let's vote on the third motion. I propose Mr. Chen Yu to be the chairman of the board of directors of Yongle Home Appliances, and Mr. Zhang Jianming to be the CEO of Yongle Home Appliances. Of course, this is a temporary position. In the future, we will choose an excellent one. professional manager."

As a director of the company, Chen Yu submitted the third proposal.

It is also very normal to propose that you be the chairman of the board of directors.

In fact, a lot of companies do this.

After all, it is a commercial company, there is no way to avoid suspicion, everything has to strive for its own interests.

Although Chen Xiao had already left at this time, it didn't matter.

The general meeting of shareholders has never been held without anyone.

In fact, not all shareholders are required to attend the general meeting of shareholders.

Unless Chen Xiao controls more than 50% of the shares, judging from the current shareholding of Yongle, Chen Xiao's presence or absence has no effect at all.

After the motion was proposed, Chen Yu was the first to raise his hand.

Then, Bain Capital representative John also raised his hand in agreement.

As for the remaining minority shareholders, Chen Yu ignored them.

Regardless of whether they raised their hands or not, Chen Yu and Bain Capital's shares have exceeded 50%.

In other words, the two parties have actually completely controlled Yongle appliances.

"Mr. John, do you have any other proposals here?"

The third motion was passed, and Chen Yu asked about John.

John shook his head.

Afterwards, Chen Yu asked the remaining representatives of the minority shareholders symbolically: "How about your side?"

"The general meeting of shareholders respects the rights of all shareholders, and you can also submit proposals to the general meeting of shareholders."

Of course, this is bullshit.

Several minority shareholder representatives did not speak and also left the shareholders meeting.

They do know.

Although they have the power to submit motions, they will definitely be opposed by Chen Yu.

Whether it is mentioned or not, the result is the same.

...

"Mr. Chen, is the shareholders meeting over?"

Huang Guangyu, who was sitting outside, was drinking tea leisurely.

He knew the acquisition would take some time.

At the same time, the shareholders meeting is expected to have a quarrel.

But he didn't expect that just an hour later, Chen Xiao came out.

But think about it.

From the perspective of equity allocation, even if Chen Yu has 30% of the shares, he can't say anything.

"It's over."

Chen Xiao's face was a little bad, and he said embarrassedly.

From the time he walked out of the general meeting office until now, he has been feeling a little dazed.

What an irony.

As the founder of the company, he was kicked out by other shareholders.

ridiculous.

At that time, when he saw that the Apple board of directors kicked Jobs out, he still scolded Jobs for being stupid. As a company founder, he couldn't even keep his own company, and he was kicked out by others? Looking at it now, I am not much better than Jobs.

And it looks like he's worse than Jobs.

Jobs, at least now, is back at the helm of Apple.

But his Yongle, it is estimated that he will never go back.

"Great, let's celebrate in the evening."

Huang Guangyu was overjoyed.

The acquisition was smoother than expected, and Huang Guangyu admired his price increase in his heart.

If it wasn't for the decisive premium of 20%, this acquisition would not have been so fast.

Just seeing that Chen Xiao's face seemed wrong, he asked again, "Mr. Chen, is there anything else?"

"No."

Chen Xiao shook his head: "Mr. Huang, there is no need to celebrate, this time the shareholders meeting did not pass the merger and acquisition proposal."

"what?"

Huang Guangyu asked inexplicably: "Bain Capital opposed it?"

"They didn't object, they abstained."

"These shameless people."

Huang Guangyu cursed.

Although I am extremely unhappy, acquisitions have always been a good thing.

Even if you don’t succeed today, there will be a chance next time.

After thinking about it, Huang Guangyu comforted Chen Xiao: "Mr. Chen, it's okay. These capitals are just seeing the money. In this way, we will invite Bain Capital to have a meal in the evening, and we will talk about the details of mergers and acquisitions in detail."

Huang Guangyu believes that the reason why Bain Capital disagrees may be that they are not very satisfied with the equity distribution.

As long as China Magnesium distributes enough profits to Bain Capital, the acquisition can continue.

No big deal, just hold another shareholders meeting next time.

"I don't think it's necessary."

Chen Xiao waved his hand and refused.

"why?"

"I also want to know why."

Chen Xiao was helpless: "Mr. Huang, maybe you don't know, this time the shareholders meeting not only failed to approve the merger with your company. On the other hand, my position as chairman and general manager of Yongle Electric Appliances is also gone."

"No way."

Huang Guangyu was stunned.

In his mind, he fainted, how did the good acquisition become like this.

It's just that Huang Guangyu is not an ordinary person. Although he was extremely shocked in his heart, he quickly calmed down.

He was used to seeing countless equity battles, and he naturally understood that Chen Xiao was defeated in the equity battle of Yongle Electric Appliances this time.

On the bright side, Chen Xiao lost the seat of Yongle's shareholders meeting and general manager, and their merger this time was over.

But secretly, it's not without benefits.

Their acquisition of Yongle itself is to expand the market.

However, because Yongle Electric is very strong, they can't take Yongle in ordinary competition, so they have acquired it.

However, even the founder of Yongle, Chen Xiao, was kicked out in the battle for equity in Yongle.

It doesn't look like a bad thing either.

At least, without Chen Xiaoyongle, it should be much easier to deal with.

Thinking of this, Huang Guangyu suddenly moved in his heart and said to Chen, "Mr. Chen, are you interested in coming to our country?"

"Mr. Huang, who are you?"

"I have always admired Mr. Chen's experience in the field of home appliances. Our country is short of CEOs like Mr. Chen. If Mr. Chen is willing to come to our country, you will decide all the affairs of Guomei in the future. What do you think? ?"

Of course, Huang Guangyu gave Chen Xiao the position of CEO, so Huang Guangyu would be the chairman himself.

In this way, it gives its own sincerity, and it can also control China Magnesium.

He wasn't so stupid that he didn't take care of Chen Xiao at all.

Of course, the most important thing is that he wants to use Chen Xiao to deal with Yong Le, who is now headless.

"Mr. Huang, you don't have to comfort me."

Chen Xiao was also extremely surprised by Huang Guangyu's invitation.

"Mr. Chen, what I said is not polite, I am also for our country. I think you are the one who knows Yongle best. If everything goes well, maybe President Chen can take charge of Yongle again."