My autobiography is definitely not a tragedy!
Chapter 520 - 340 Changqing Biological Affiliated First Pharmaceutical Factory_2

Chapter 520: Chapter 340 Changqing Biological Affiliated First Pharmaceutical Factory_2

"Next, I plan to reinvest most of the company’s profits into industrial expansion, and then capture the market with low-price promotions."

Changqing Biological’s orders will all be given to Bai Yu Pharmaceutical to do. Thin margins, high volume, huh? Mutual benefit through cooperation."

So for the next few years... or maybe a decade or more, who can say for sure, with no profits, there’ll be no dividends, Mr. Bai, you don’t have an issue with that, do you?"

"You..."

Bai Yu glared with rage.

What do you mean by thin margins and high volume? You clearly just want to give all the profits to Changqing Biological!

Without dividends, without management rights over the company, this 35% shareholding he holds might as well rot in his hands!

"This is related-party transactions, this is a transfer of benefits! This is illegal, you know?"

"Ha, Mr. Bai seems quite familiar with legal provisions, how rare, you even know that the board can’t harm shareholder interests?" Gao Yuan said with a tinge of sarcasm.

Bai Yu couldn’t help but flush with embarrassment.

Truth be told, it was he who had first thought to use this shady trick to deal with Gao Yuan, and now he had been paid back in his own coin...

What goes around comes around; the debts owed always have to be paid back...

"But rest assured, Mr. Bai, of course, I’ve already consulted a lawyer. I know what can be done and what cannot, so no need for you to worry about me."

Speaking of which, the usual equipment upgrades, technological transformations, marketing expenses and such also aren’t small amounts..."

Bai Yu’s face grew even more unsightly.

The judiciary does clearly regulate related-party transactions.

Those who use related relationships to harm the company’s interests must bear the liability for compensation of the loss.

If the company’s interests are substantively harmed, any shareholder can bring a derivative lawsuit, demanding the actor to compensate for the losses.

This measure is there to prevent major shareholders from using their control to harm the interests of minority shareholders...

But!

What counts as substantively harming interests? Does thin margins and high volume count as harm? Does increasing expenses count as harm? Does production line upgrading count as harm?

There’s no way to define it precisely!

There are always more solutions than problems; with the right determination, through a few more shell companies, minority shareholders can only tremble in a corner...

Making the company profitable might be difficult, but driving it into losses is easy, right?

Hearing Gao Yuan’s words, Bai Yu hadn’t responded yet when the other shareholders present became somewhat restless.

This is a calamity that brings disaster to the fish in the moat!

"Chairman Gao..."

Gao Yuan cut everyone off, "Of course, I, Gao Yuan, have always believed in mutual consent.

If any of you don’t want to stick with the company, I can buy your shares for half the price right now. Those who are willing, we can sign the contract now!"

"Half? Impossible! You’re really overstepping!"

"Exactly! With a drop to half value at once, Chairman Gao, that’s far too ruthless! We definitely won’t sell!"

"Exactly, I’d rather let the shares rot in my hands than sell!"

A few minor shareholders instantly kicked up a fuss.

Yet Gao Yuan remained completely composed, giving the crowd a cold laugh.

"Ha! Who was it that initially wanted to set us up, don’t tell me that everyone present was unaware, and it was just Bai Yu acting alone?

What? When you planned to make me sell my shares for a tenth of their value that was fine, but now you’re upset over half the price?"

The crowd fell silent.

"Everyone knows full well how things got to this point.

Bai Yu’s lack of integrity was one thing, but to actually collude with the Xu Group afterward and plot with Qin Chuan Pharmaceutical against my Changqing Biological?

That’s just intolerable! You celebrate your New Year’s Day; don’t blame me for celebrating the Lantern Festival!

But I, Gao Yuan, am clear about debts of gratitude and grudges. Those of you who don’t want to get involved, take the money and leave, and we’ll be even.

Those who want to fight to the end, I’ll gladly accompany you!

A mere loss of tens of millions, I, Gao Yuan, don’t even care about that; this Bai Yu Pharmaceutical, even if it gets smashed to pieces in the end, I wouldn’t bat an eyelid.

I’m after the satisfaction of settling scores!"

A madwoman! This woman has gone mad!

The shareholders present looked at each other.

She clearly doesn’t mind spending a fortune to bring mutual destruction!

The rash fears the reckless, and the reckless fears those who don’t value life.

Gao Yuan’s attitude, determined to retaliate against Bai Yu at any cost, sent a chill through all the minor shareholders.

"Don’t believe her nonsense, she just wants to force us all out so she can take over Bai Yu Pharmaceutical for the lowest price possible!

If we unite, the shares in our hands will certainly be enough to trouble her!" Bai Yu tried to reassure everyone.

He couldn’t be clearer; these minor shareholders still held 14% of the shares, and only if they stood firm with him was there a chance to wrestle with Gao Yuan.

But Gao Yuan merely glanced at him flippantly.

"Ha! I’ll lay it out here; I won’t force those who don’t sell their shares today, but with each passing day, my purchase price will drop by 10%. After ten days, the buyback offer stops."

The shareholders’ hearts skipped a beat.

"Manager Kang."

"Yes... I’m here!"

Wen Hua scurried up to Gao Yuan’s side, looking up at her new boss with an almost worshipful gaze.

"The next steps are up to you. I’ll send someone to assist you with the handover, especially with inventorying company assets to prevent any foul play.

Furthermore, with personnel, make the necessary adjustments and streamlining; wield the big knife boldly, don’t fear offending people.

Of course, we have to observe the rules in everything we do.

And don’t differentiate in treatment because it’s a matter of connections, or because they hold shares, understood?"

Everyone: "..."