Chapter 112: Unsolvable Conspiracy
After hearing Wu Mingxi's "conspiracy", Zhang Junfeng, who was a little worried, smiled for the first time in a long time. The current situation is just as Wu Mingxi said! If the management rights of Amore Cosmetics Company fall into the hands of Zhang Junfeng, the interests of other shareholders may not be damaged, but if Xu Qingpei gets the aid for turnover, then all of them will be cheated by the other party, causing considerable losses.
These shareholders (institutions) are all smart people. It shouldn't be too difficult to decide whether to stick with the Xu family based on their long-term friendship and damage their own interests or to choose him as a new shareholder to preserve their own interests? After making up his mind, Zhang Junfeng asked Wu Mingxi to contact Amore Cosmetics Company as soon as possible to hold an extraordinary shareholders' meeting and hold a vote on additional investment. At the same time, the content of this vote was disclosed to those shareholders (institutions) in advance. He was very curious whether these guys would still support Xu Qingpei as before after the news came out.
…
At the headquarters of Emily Group, in the president’s office.
When Xu Qingpei learned that the cosmetics subsidiary had received news that Comet Capital, one of the major shareholders, had requested to hold an extraordinary shareholders' meeting in the near future to vote on a resolution to make additional investments in the company, he could no longer sit still.
Comet Capital clearly wants to increase its holdings in the company by making additional investments in its subsidiary. If they succeed, the other party will inevitably initiate a battle for the management rights of the cosmetics company!
Although the group has sold off the assets and businesses of its two subsidiaries at a low price and recovered some funds, the funds it can mobilize are less than 160 billion won (approximately 80 million US dollars). It is obviously a pipe dream to use this amount of funds to resist the offensive of Comet Capital!
Originally, he was hoping to hold on for a while longer, trying to wait until the aid from the Blue House arrived, so that he could apply for the aid from there as soon as possible. In this way, both the entire group and the cosmetics subsidiary would be able to survive the crisis safely.
Those neutral cooperative enterprises and shareholders of the cosmetics company will not support Comet Capital, the "airborne" new shareholder, to lead the company astray. In this way, the evil ambitions of Comet Capital will be completely thwarted, and they will be able to successfully maintain the company's management rights!
But they never expected that Comet Capital would take the initiative and even resorted to the "sweeping operation" of additional investment. Not to mention their Amorepacific Group, how many of those shareholders could come up with money? ! Compared with the extremely harsh conditions for applying for aid, there was no guarantee that those shareholders would turn against them and support Comet Capital at the last minute!
…
Unable to think of any solution, Xu Qingpei could only smash the things on the table to the ground frantically, trying to vent his anger. The staff outside who heard the noise were also silent, fearing that they would become the first to stand out and become the "victim" of the president's venting of anger.
…
After a long time, Xu Qingpei, who had been venting for a long time and felt a little tired, gradually calmed down. He was completely unable to deal with the current bad situation. Although the shareholders seemed to support the Xu family to continue to run the Emily Group, how could they willingly support others without sufficient interests?
Today, this hateful Comet Capital is using common interests to force these guys to turn their guns on supporting them to take the top. After all, between the choice of international aid with harsh conditions and additional investment by major shareholders, the latter obviously has a lower cost and will not affect their interests!
However, Xu Qingpei, unwilling to give up, decided to "struggle" again. He called his father and tried to get the former group chairman to come forward and negotiate with those shareholders to see if they could support the Xu family again for the sake of their many years of friendship! ...
Three days later, in the office building where Emily Cosmetics Company is located.
The company's shareholders were invited to gather together, and they will vote on the resolution to make additional investment in the company at this extraordinary shareholders' meeting. Representatives of many institutions who received the news in advance were very enthusiastic about Comet Capital headed by Zhang Junfeng.
In their view, Comet Capital's additional investment will enable the cosmetics company to have more funds to continue product research and development, overseas market development and advertising, which is a perfect benefit to them!
Of course, if the Xu family could be as generous as Comet Capital and come up with a large sum of money for additional investment, they would naturally be very happy to see it. However, under this situation, I am afraid that the entire Emily Group will not be able to come up with much funds, right?
Xu Qingpei, who was sitting next to him, looked rather unhappy as he saw the representatives of the major shareholders who had completely different attitudes from before. He had not expected these guys to change their attitudes so quickly. When Emily Cosmetics Company was constantly expanding its overseas market, with sales and profits rising year by year, these guys were fawning over him and his father. Now that he thought about it, it was really too realistic! …
Under the chairmanship of Xu Xingmin, president of Amore Cosmetics, the interim shareholders' meeting initiated by Comet Capital was officially held. After Xu Xingmin announced the content that needed to be voted on at the meeting, he asked his subordinates to hand over the voting sheets to the hands of the shareholder representatives.
After a while, the staff finished counting the votes in public, and shareholders holding more than 68.7% of the shares expressed their agreement with the proposal. Zhang Junfeng from Comet Capital even stated on the spot that an additional US$250 million investment would be made to develop and expand Emily Cosmetics Company!
The shareholders and executives of Emily Cosmetics Company present at the scene were all exclaiming in amazement. They had not expected that the young-looking big boss behind Comet Capital would be so generous. It was not unfair for Xu Qingpei, the new chairman of Emily Group, to lose!
This scene made Xu Qingpei gnashed his teeth with hatred. Zhang Junfeng, this bastard with wolfish ambitions, actually relied on his strong financial resources to quickly increase his own shares in a short period of time by spending money like this. However, the money he could take out was only less than 100 million US dollars, and he was completely powerless to save the situation!
There is no mistake in the poem, post, content, and read the book on 6, 9, and bar!
As if seeing Xu Qingpei's gloomy face, Zhang Junfeng even asked for his opinion, "Chairman Xu Qingpei, do you want to make additional investments? If the Amorepacific Group can also make additional large investments like I did, I believe that the cosmetics company will be able to take advantage of this opportunity to significantly improve its overseas sales and profits!"
(End of this chapter)