"At today's shareholders' meeting, you will be electing a new board of directors, and I also happen to have something to announce," Gu Weiwei said.
Zhou Hong and Zheng Ming looked at the composed young woman with some unease, thinking she was clueless about company matters and at a loss at the shareholders' meeting.
As it turned out, they were the ones who were outmaneuvered by her.
No matter what plans she comes up with, for Longsheng Group, there is no project more advantageous than cooperation with the Far East right now.
Therefore, those shareholders will ultimately side with them and kick Mu Weiwei out of the company.
As soon as she finished speaking, Xiao Yang led Xu Qian, who had just arrived, into the conference room.
After Xu Qian came in, he introduced himself.
"Hello everyone, I am Xu Qian, special assistant to the president of Fu's Group."
"The Fu Group?" a shareholder asked in surprise. "Is it Fu Hanzheng's special assistant?"
“It was him. I saw him at an event once, next to President Fu,” another shareholder said.
Gu Weiwei glanced at the astonished crowd and spoke up.
“When my grandfather was alive, he had discussed the acquisition with the Fu Group. However, after my grandfather passed away, Li Jiacheng took control of the company and put forward harsh conditions, so the acquisition did not go through.”
Xu Qian glanced at her and then continued.
“We investigated Longsheng’s business situation and are willing to acquire Longsheng and inject capital into Longsheng’s current projects to ensure their smooth progress and completion.”
As he spoke, he handed a document to several shareholders who were nearby.
The shareholders nodded in delight after reading it.
Longsheng is currently operating at a loss and is facing financial difficulties. The Fu Group has offered very generous terms and will inject capital to help Longsheng complete its current loss-making projects.
In today's Chinese business world, who wouldn't want to be associated with the Fu family and make big money by relying on the Fu Group?
In comparison, the cooperation with the Far East Group is utterly insignificant.
Once the acquisition agreement is reached with the Fu Group, there's no need to worry about the company being unable to participate in projects under the Fu Group in the future.
After reviewing the terms, the shareholders discussed the matter in private.
"When Grandpa Mu was alive, he did mention accepting the acquisition by the Fu family. If that had been done then, Longsheng would be much larger than it is now."
"Although the Far East Group looks alright, it's still far inferior to the Fu Group."
"The key is that our CEO Mu has also created such a high-grossing film for Shiyi Culture this year. It's clear that his relationship with Young Master Fu is quite special, so it's certain that he will secure considerable profits for the company in the future."
...
“Of course, we also have the means to offer such generous terms to Longsheng,” Xu Qian said.
"What are the conditions?" one shareholder asked.
"The company's management personnel will be appointed by the Fu Group. If there are no problems, this is a letter of intent."
As Xu Qian spoke, he took out the letter of intent and handed it to Gu Weiwei.
After the shareholders discussed it among themselves, one of them spoke up.
"Young Master Mu, Old Master Mu had this intention when he was alive, and now it can be considered as fulfilling Old Master Mu's last wish. We cannot miss such a deal."
The company's management is currently in disarray. Having Fu's people directly manage it would indeed be more beneficial for the company, and it might even be able to turn around the company's losses this year.
Gu Weiwei took the letter of intent and glanced at it. "If everyone has no objections, I will sign it."
"Let's sign it," several shareholders said in unison.
With such favorable conditions, they even injected capital to complete projects that the company had previously halted due to insufficient funds.
Given the relationship between Young Master Mu and Young Master Fu, Longsheng will never suffer a loss in the future; this is a once-in-a-lifetime opportunity.
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