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Chapter 803 - 804: Open Conspiracy

Chapter 803: Chapter 804: Open Conspiracy

Zhao Zhicheng was a major shareholder too, but he only owned twenty percent of the shares.

If it hadn’t been for Zhao Zhicheng’s alliance with other minor shareholders to force her into a corner, this shareholder meeting wouldn’t even have had the chance to convene.

"You are naturally the major shareholder," Zhao Zhicheng said with distaste as if he swallowed a fly. However, what needed to be said still had to be said. His face twitched as he coldly declared, "But under the current circumstances, Director Yang, it seems you also can’t come up with additional funds to buy back the shares from the shareholders!"

"I indeed can’t come up with it for now," Yang Mingzhu spread her hands, blatantly admitting, "However, I believe that most of the shareholders are rational, and they also have a positive outlook on the company’s future. Therefore, I don’t think it should take too much capital to buy back the shares from those who are unwilling to continue staying with the company."

Yang Mingzhu’s words were pointed. She stared at Zhao Zhicheng, not bothering to hide the sneer on her face.

These last few days, Zhao Zhicheng had been like a jumping clown, continuously challenging her authority.

In Yang Mingzhu’s heart, she had long since had enough.

If Zhao Zhicheng hadn’t been the second-largest shareholder in the company, she would have proposed a shareholder meeting to oust him from his leadership position long ago.

Previously, even though Yang Mingzhu had this idea, she didn’t dare to use such a tactic lightly.

After all, she was just a woman, a girl who hadn’t even graduated from college, with very little credibility in the company.

Even the two shareholders supporting her might subconsciously think that Zhao Zhicheng was definitely stronger than herself.

If she hadn’t been Yang Zhiwei’s daughter, she probably wouldn’t have had the chance to even come close to the general manager position, let alone control a company worth hundreds of millions.

Yang Mingzhu understood all these reasons.

The situation was beyond her control!

But now, with Li Changlin’s support, she was much more confident.

Three billion, even with a ten percent premium, she could buy back all the shareholders’ shares.

Thus, Yang Mingzhu had no interest in playing mind games; she intended to crush the opposition with overwhelming force.

This was the true way, to overcome with power, regardless of what others thought.

"Since you can’t produce the funds, but I can!" Zhao Zhicheng’s eyes were cold as he asserted, "You, Yang Mingzhu, may be the major shareholder, but am I, Zhao Zhicheng, not a major shareholder too? Since you can’t come up with the capital to buy the shares now, then it’s better if I do the purchasing. Your calling an outsider to intervene shows complete disregard for us shareholders."

"I never said you couldn’t buy them," Yang Mingzhu spread her hands and smiled faintly, "If Vice President Zhao can give a fair price, not to mention the other shareholders agreeing, I myself would be willing to transfer my shares to you."

"Really?" Zhao Zhicheng’s eyes suddenly brightened at her words.

"Of course, it’s true. This is a shareholder meeting, after all. Could Vice President Zhao really believe that I am making a mockery out of you and the shareholders?" Yang Mingzhu’s face showed a trace of scorn, making no effort to hide her disdain for Zhao Zhicheng.

"Fine, since you’ve said as much, I naturally can’t let everyone down," Zhao Zhicheng, rubbing his hands together, glanced at the other shareholders and laughed, "Fellow shareholders, if any of you wish to sell your shares, I can offer eight yuan per share. Be assured, I, Zhao Zhicheng, will not let you suffer a loss. My reputation, I trust, is clear to all of you."

Indeed, a stock price of eight yuan was not low.

After all, when everyone first invested, they didn’t put in much money to begin with.

Hearing Zhao Zhicheng’s proposal, several shareholders were already tempted.

"Vice President Zhao, are you joking with this offer?" But before the shareholders could express their stance, Yang Mingzhu hummed indifferently, "According to our estimates, the price of our company’s shares should be around ten yuan each. You’re offering eight yuan to buy the shares now, isn’t that making the shareholders take a loss?"

Wow!

Yang Mingzhu’s statement immediately calmed down those shareholders who had been swayed.

On rethinking the situation, something seemed off!

Just now, Li Changlin had said he would buy according to the stock price plus a ten percent premium. If the real value of their shares was indeed ten yuan per share, then based on Li Changlin’s terms, he would be paying eleven yuan.

Zhao Zhicheng offered eight yuan, while Li Changlin’s was eleven yuan. Without much thought, it was clear they would sell to Li Changlin!

Although major shareholders indeed had the right of first refusal to purchase shares from minor shareholders, if the major shareholder’s offer was too low, the minor shareholders could refuse.

"Eight yuan is already quite high, Director Yang." Zhao Zhicheng, who arrived a bit later, had not heard Li Changlin’s previous statement.

This was a clear case of informational asymmetry. If Zhao Zhicheng had known Li Changlin’s offer, he definitely would not have mentioned the eight yuan price.

"Vice President Zhao, I’ll buy your entire shareholding for ten yuan per share." Suddenly, Li Changlin stood up with a smile, leaning on the conference table, and spoke calmly, "Since Vice President Zhao believes that Zhiwei Real Estate’s shares are only worth eight yuan each, I’m now offering ten yuan to buy your shares. I wonder if you agree?"

"I, I refuse!" Zhao Zhicheng’s heart chilled, and he hastily shook his head.

What a joke. How could he possibly sell his shares? He hadn’t completed his mission yet!

"Vice President Zhao, that’s rather uninteresting of you," another shareholder finally spoke up, "You know well the company’s stock is worth more than ten yuan, so why would you buy our shares for eight?"

"Yes, Vice President Zhao, that seems a bit exploitative."

"You’re not being sincere, Vice President Zhao."

"And I supported you before."

"Vice President Zhao, so you wanted to purchase our shares at a low price!"

Many shareholders had come to a realization and looked sternly at Zhao Zhicheng.

"No, that’s not what I meant," Zhao Zhicheng’s expression changed repeatedly, seeing how Yang Mingzhu and Li Changlin had easily cornered him, leaving a bitter taste in his heart.

But what exactly did he mean?

It was practically an admission of guilt!

After just saying he would buy the shares for eight yuan, he now denied such intentions – what on earth did he mean?

In an instant, nearly all the shareholders’ looks toward Zhao Zhicheng had changed.

At the end of the day, everyone present was a businessman.

It’s an undeniable truth that businessmen chase profit.

Zhao Zhicheng’s price compared to Yang Mingzhu’s estimated price seemed only two yuan lower on the surface. Yet, with Li Changlin’s premium included, considering the shareholders’ total stakes, that difference amounted to an alarming sum.