Chapter 65 Triggering the Offer



A total of seven company executives were taken away by prosecutors, and the atmosphere in the entire company became much more depressing that day.

Everyone is working diligently and doesn't dare to even think about slacking off, for fear that they might accidentally ruin this good job with a good salary.

Although there are changes in the company's senior management now, what can a grassroots worker do wrong?

Especially in a company that has just changed its president, no one wants to be the next person to be replaced by the company.

Isn’t Twitter next door an example? Those who can’t memorize the code will be fired! Ahem, I’m going away…

Human Resources Department.

Song Liping's younger brother Song Ren was sitting in his sister's office playing games and waiting for good news from his sister Song Liping.

But Song Ren didn't know when it started, but he noticed that his subordinates outside were pointing at him and whispering to each other.

Song Ren frowned and looked outside, turned off the game, and walked out of the office.

In front of a subordinate who was often bullied by him, he patted his face and asked, "What's going on?"

Normally, this subordinate would be terrified to see him like this, but today this person was different.

The subordinate looked at Song Ren sarcastically without saying anything.

As Song Liping's younger brother, Song Ren is naturally not a fool. Seeing his subordinates like this, he immediately thought of the meeting that his sister Song Liping mentioned in the morning. He knew that something big might have happened.

[Prosecutors come to the company to arrest people...]

[Several senior executives were caught breaking the law and regulations by the new president.]

Vice President Zhang Zhigong was arrested...

Manager Song Liping was arrested...

In the company group, the messages that appeared and disappeared one after another caught Song Ren's attention.

A chill rushed to his head, and Song Ren suddenly felt dizzy and his legs became somewhat uncontrollable.

As Song Liping's younger brother, Song Ren was involved in many of the things she did, and he knew he couldn't escape either.

After standing there in a daze for a moment, Song Ren came to his senses and hurried back to the office, ready to take his things and run away, but as soon as he reached the door, he saw a team of police officers standing not far away waiting for him.

The briefcase in his hand fell to the ground. Song Ren was stunned and let the police subdue him without resisting.

Time goes back to half an hour ago, when Li Yuanbin, who had just left the meeting room, came to the Legal Department.

He sat down on the sofa in the office of the Minister of Justice, waiting quietly for the Minister of Justice Yang Xianping to come back.

Soon, the sound of high heels came from outside the door. Li Yuanbin opened his eyes and looked at the door calmly.

Pushing open the door, Yang Xianping, dressed in a smart suit, walked in with documents in hand.

Seeing Lee Won-bin sitting on the sofa waiting for him and Park Seol-yoon standing behind him, he was slightly stunned.

Soon, Yang Xianping came to her senses and quickly walked up to Li Yuanbin and bowed slightly: "President!"

"Well, sit down." Li Yuanbin said calmly, pointing to the sofa opposite.

Yang Xianping sat on the sofa with her legs crossed, looking at him anxiously.

Li Yuanbin turned around and waved to Park Seol-yoon.

Park Seol-yoon handed some freshly printed, still warm documents to Lee Won-bin.

Li Yuanbin pushed the document in front of Yang Xianping, looked at her collagen-filled cheeks and said nonchalantly: "Minister Yang Xianping's problems are not small..."

Yang Xianping took a deep breath and was about to explain when she heard Li Yuanbin say, "However, your problems are all minor ones, and you are also the director of the company's legal department. You should know what to do, right?"

Pointing to the documents on the table, Li Yuanbin said slowly.

Although Yang Xianping has some minor problems, compared with Kim Sang-hyuk's problem that damages the company's image, it is a drop in the bucket and is not worth mentioning at all.

Yang Xianping breathed a sigh of relief. As long as she was not fired, everything would be fine.

She learned from her classmates that Li Yuanbin would not tolerate any sand in his eyes. Anyone who did something that damaged the company's image and affected the company's future development would be fired without exception.

Holding the document in his hand, Yang Xianping nodded to Yang Xianping and said in a firm voice: "Don't worry, President, I will definitely get this done!"

"Then you go ahead and get busy." Li Yuanbin smiled, stood up from the sofa, said goodbye to Yang Xianping and left.

After Song Ren was arrested, Yang Xianping led the police to arrest people according to the list given by Li Yuanbin, and no one was spared without exception.

In the president's office, Li Yuanbin sat in the office chair and looked at the computer.

Now is the time to think of ways to acquire shares.

While Zhang Zhigong is the vice president, he also holds a 10.7% stake in Samsung BioLogics.

What Li Yuanbin is doing now is to check whether there are any provisions in this regard in the company's articles of association and shareholders' agreement.

You know what, Li Yuanbin really found it.

When the company was first established, there was an agreement among the shareholders that a shareholder committing a criminal offense would be a condition for the shareholder to lose his or her status.

That is, if a shareholder commits a crime and is sentenced, he will lose his shareholder status and must sell his shares.

If a shareholder transfers his shares to a person other than a shareholder, he must obtain the consent of more than half of the other shareholders.

A shareholder shall notify other shareholders in writing to seek their consent regarding the transfer of his or her equity. If other shareholders fail to respond within thirty days from the date of receipt of the written notice, it shall be deemed that they agree to the transfer.

If more than half of the other shareholders do not agree to the transfer, the dissenting shareholders shall purchase the transferred shares. If they do not purchase, they shall be deemed to agree to the transfer.

For shares transferred with the consent of shareholders, other shareholders have the right of first refusal under the same conditions.

In this way, after Zhang Zhigong was prosecuted, Li Yuanbin, who held 20.8% of the shares, could buy out Zhang Zhigong's shares and reach more than 30% of the shares.

In this way, you have the conditions to trigger a mandatory offer.

Of course, there is another problem here, which is the 2% free purchase rate.

This means that if a shareholder originally holds more than 30% but no more than 50% of the voting shares and increases his holdings by more than 2% within 12 months, a mandatory offer will be triggered.

From this point of view, Li Yuanbin still needs to go to the secondary market to purchase more than 2% of the shares after acquiring Zhang Zhigong's shares, cross the 2% free purchase rate threshold, and trigger a mandatory offer.

If all the previous preparatory work is completed smoothly and the mandatory offer is triggered, then Li Yuanbin will make the offer unconditional, that is, obtain more than 50% of all voting rights.

If all goes well, Samsung BioLogics will be officially separated from Samsung and become Lee Won-bin's property.

Li Yuanbin took out his cell phone and sent a text message to Li Qinghua. There were only a few words on it: Please, Prosecutor Li, make a judgment as soon as possible.

Soon, Li Yuanbin received a reply from Li Qinghua, which read: "The evidence is irrefutable. They are powerless and will confess their guilt soon."

Li Yuanbin nodded, put the phone on the table, and began to simulate everything in his mind until Minnie called.

"Hello?"

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