kingnovel Chapter 1421 1416: The Battle for Equity
Chapter 1421 1416: The Battle for Equity
"Hey, Su Chen, Director Lin and the others are having a meeting there. Where are you going?"The sales department's assistant called out to Su Chen.
Su Chen ignored her and headed to the top-floor meeting room.
...
In the top-floor meeting room, people from Li Group were seated on one side, while shareholders of Yimena Group were seated on the other.
From the atmosphere at the scene, it appeared there wasn't much smoke of conflict between them.
Because for Yimena's shareholders, Li Group's entry was beneficial, as it could increase the value of their stocks.
Moreover, they weren't controlling shareholders in Yimena either.
As long as Yimena had value, they were naturally beneficiaries, indifferent to who took charge of Yimena, as long as it could continuously bring them benefits; they didn't care.
Therefore, they weren't particularly averse to the people from Li Group.
Li Group's appearance at Yimena seemed more like a victorious party, here to claim the spoils.
So, although their posture wasn't overtly superior, the gaze of victors looking down on the defeated subtly existed.
When Lin Xi appeared in the top-floor meeting room with Tang Qian, Qin Keren, and other senior executives, all eyes gathered on Lin Xi.
"Sorry to keep everyone waiting." Lin Xi took the initiative.
The room echoed with a series of courteous remarks, indicating they didn't mind.
Soon, Lin Xi turned her focus to Li Yun: "Welcome Chairman Li to attend our company's meeting. Additionally, on behalf of all members of our company, I formally welcome Li Group to become one of our shareholders."
Lin Xi paused slightly here: "Although our company is currently facing some setbacks, given Chairman Li's willingness to invest in us, he should be very optimistic about our prospects. I believe we will definitely emerge from the difficulties towards the light!"
The emotional speech by Lin Xi did not resonate with them; most wore indifferent expressions.
Why Li Yun and his Li Group bought Yimena's shares, anyone who isn't blind can see through.
Li Yun wasn't merely investing in Yimena Group; if it were an investment, he wouldn't have needed to purchase such a large percentage of Yimena's shares.
And he even frenziedly offered a 500% premium!
Indeed, Li Yun's last bid included a 500% premium.
Though this price wasn't five times Yimena's peak value, it still reached one and a half times its peak!
Describing this price as exorbitant wouldn't be excessive.
So, do you think he just invested in Yimena?
He must be an idiot then, right?
However, from another perspective, Li Yun was indeed investing; the larger his investment, the higher the price he could sell for later. Any seasoned businessperson wouldn't suffer in this regard.
Because he had already gauged Zhang Biao's psyche.
Given a chance to acquire Yimena, Zhang Biao would stop at nothing, even if he had to sell everything he owned!
"Director Lin, you might have misunderstood. Chairman Li's visit this time is to announce the restructuring of Yimena's board as the largest shareholder."
A middle-aged man in a suit with gold-rimmed glasses beside Li Yun stood up, adjusted his glasses, and slightly raised his head.
"Largest shareholder? Board restructuring? The shares held by Li Group shouldn't be enough to be the largest shareholder." Lin Xi said as she threw out a document.
This was a share transfer agreement for 3.3% of Yimena's shares, a percentage Lin Xi had painstakingly negotiated from other company shareholders over the past two days.
She had questioned all shareholders within the company, ultimately confirming the shares Li Yun could hold amounted to approximately 30.5% of Yimena Group's total shares, at most not exceeding 32%.
Therefore, with 33.3% of shares in her hands, plus the shares owned by the Lin family, it was enough to control Yimena!
She wanted to repel the invader, Li Group, with the most assertive attitude!
Could the holding of 33.3% continue to secure Lin Xi's status as the largest shareholder in Yimena?
Li Yun chuckled, and those around him joined in.
The middle-aged man with gold-rimmed glasses beside Li looked contemptuously at the document Lin Xi had thrown on the table before slowly retrieving a file from his briefcase.
"Director Lin, now Chairman Li holds 35.5% of Yimena Group's shares. If you don't possess shares exceeding those of Chairman Li, then the largest shareholder of Yimena is indeed about to change to Chairman Li."
"Huh? How is this possible?!" Lin Xi's face turned pale immediately, with only the words 'impossible,' 'how could this happen' lingering in her mind.
This shouldn't be; she had inquired about Yimena's shareholders' shares, concluding that Li Group's shareholding couldn't exceed 32%!
Yet now Li Group had 35.5% of Yimena's shares?
Exceeding hers by 2.2%!
Where did this additional 3.5% come from?
Who sold Yimena? As Lin Xi surveyed the entire meeting room, she was genuinely puzzled about who sold Yimena's shares to Li Group, causing Li Group's holding to surpass her expectations significantly.
"Director Lin? Director Lin?"
"Hmm?" The blank-minded Lin Xi finally came to her senses.
"Director Lin, if your shareholding in Yimena doesn't exceed that of Chairman Li, then Chairman Li's initiation of the board restructuring at Yimena complies with the rules, doesn't it?" The man with gold-rimmed glasses smiled.
"I… I indeed don't have more shares than Chairman Li." When saying this, Lin Xi almost used every bit of her strength.
From this moment, Yimena probably had no further connection to her...
"Then I announce that Yimena Group's board is henceforth restructured!" The man with gold-rimmed glasses declared excitedly.
"Initially, given Yimena's current operating state, we do not believe Yimena retains profitability. As Director Lin previously managed Yimena, she should bear significant responsibility. Hence, we propose dismissing Director Lin from the presidency!"
"Wow!"
This statement set Yimena ablaze.
Firstly, a group of Yimena Group's senior managers couldn't sit still; they were all veterans promoted by Lin Xi. If Lin Xi lost the presidential seat, where would they go?
They'd very likely face marginalization, be shelved, or even expelled from the company, wouldn't they?
"I oppose! Director Lin did nothing wrong. It's just some people deliberately framing and sabotaging Yimena, leading to today's situation. I trust under Director Lin's leadership, we'll surely overcome difficulties soon!"