Chapter 1804: Chapter 1430: Shengsheng International’s Crisis
Shengsheng International in Zhengdong Province was born out of Tengyun, but in the past two years, it has begun to gradually break away from Tengyun. This is also Lu Yun’s intention.
Whether it’s Zhengdong Province or Shengsheng International, they’ve already grown strong, no longer the fledglings needing protection.
Seeing Zhengdong Province thriving, Lu Yun, as the father-in-law, also strongly supports Shengsheng International in “breaking away from Tengyun.”
It’s like when children at ho grow up, sooner or later they’ll separate and live independently.
First, this gives Zhengdong Province a broader space for developnt. Second, it’s also out of consideration for Zhengdong Province’s dignity and face.
Imagine, which outstanding entrepreneur wants to live forever under their father-in-law’s shadow, subject to outsiders’ remarks?
Especially in Lu Yun’s view, Zhengdong Province has imnse business potential, and in the future, it might establish a business empire no less than Tengyun.
So, after a candid exchange with Zhengdong Province, Lu Yun suggested Zhengdong Province implent a shareholding system, break away from Tengyun, and gradually transfer the shares belonging to Tengyun to Shengsheng International.
At the sa ti, the relationship between Shengsheng International and the Tengyun Series has shifted from vassalage to partnership.
Zhengdong Province understood Lu Yun’s earnest intentions and went along with it.
Bai Xiaosheng knew all this. And because of it, Bai Xiaosheng had even more respect for Lu Yun.
However, according to Bai Xiaosheng’s knowledge, Zhengdong Province still holds so vice president title within the Tengyun Series, and since he is Lu Yun’s son-in-law, he also remains a “pillar” of the Tengyun Series, having to attend important etings.
But unexpectedly, Zhengdong Province wasn’t attending the eting.
“What do you an by what you just said?” Bai Xiaosheng asked.
Just now, Zhengdong Province said he had an urgent matter for him, which was terrible for him but a good thing for Bai Xiaosheng.
Such a thing really left Bai Xiaosheng puzzled.
“And why aren’t you attending the eting? I called Mr. Lu Yun and Lu Qingfeng, they were both in the eting,” Bai Xiaosheng added.
With both father and son attending the eting at the sa ti, and it running so long without ending, it must be an extrely important eting, undoubtedly to address various issues in this Tengyun Yuema competition.
In response to Bai Xiaosheng’s inquiry, Zhengdong Province first clarified his confusion, “I didn’t attend the eting because I resigned from the vice president position in Tengyun at the end of last year. It’s my father-in-law’s intention for to be independent.”
So that’s how it is. Bai Xiaosheng noted inwardly, it seems his information was a bit outdated.
Zhengdong Province following Lu Yun’s intention to “break away from Tengyun,” this ti it’s complete separation.
“As for the matter I need to discuss…” When ntioning this, Zhengdong Province paused, his tone beca serious and solemn, “I hope you can take over Shengsheng International!”
“What?” Bai Xiaosheng was stunned for a mont, thinking he had heard wrong.
Zhengdong Province wants him to “take over” Shengsheng International?
What does it an?
Shengsheng International is Zheng Pangzi’s blood, sweat, and tears. Besides, it’s not just an object.
“What exactly happened?!” Bai Xiaosheng asked.
He felt there must be sothing significant going on!
On the other end of the phone, Zhengdong Province let out a long, lancholy sigh and began to explain slowly.
“Isn’t it that my father-in-law Lu Yun is in a comrcial war with the three major groups Yuema, Beifeng, and Haoyu, so how could I stand by idly?”
“Coincidentally, that old witch from Beifeng Holdings set a trap, causing several of Tengyun’s allies to fall into a funding gap. I was also… kind of brainless at the ti, took the liberty to provide them with bridge funding and transferred so shares to stabilize their morale, but didn’t expect!”
“That old witch from Beifeng Holdings ‘dancing with hidden intent,’ dealt a vicious blow! Those people were actually already won over by her!”
“She took the shares I gave away and acquired so from other shareholders, forcibly positioning a shareholder with the sa amount of shares as mine in our shareholders’ eting! This led to the loss of my position as the majority shareholder!”
“Then, her supported guy spread rumors among my shareholders, saying I was going to use everyone’s money to help fill Tengyun’s hole!”
“Outside, Beifeng Holdings also attacked my capital chain…”
“In any case, a lot happened after that, and it would take too long to explain…”
“In short, damn, that old witch is really cunning, she totally outsmarted . I’m telling you this because I only found out later.”
Even though Zhengdong Province is very talented, facing an opponent on Lu Yun’s level, being outsmarted and taken advantage of is inevitable!
“And then?” Bai Xiaosheng asked, frowning.
“And then?” Zhengdong Province replied with a wry smile and a soft sigh, “That guy with shares equal to mine incited at the shareholders’ eting, getting everyone to agree to his series of proposals, a series of supposedly ‘fair and selfless’ proposals—”
“He claid that Shengsheng International’s involvent in the Tengyun-Yuema conflict had resulted in huge losses, and we should imdiately withdraw to stay independent and aloof.”
“Furthermore, to offset capital losses and avoid potential capital chain disruptions at this stage, the shareholders’ eting deems it necessary to introduce so new shareholders, who must have no affiliation with the Tengyun or Yuema groups, otherwise the shareholders’ eting will not recognize them.”
“New shareholders will be recomnded by existing shareholders, verified by all, then purchase so stock on-site from various shareholders and invest additionally…”
“In addition…”
Zhengdong Province explained one by one.
Listening to this, Bai Xiaosheng couldn’t help but sigh inwardly.
Originally, having Tengyun as support was an opportunity, but if the opponent is Yuema, that’s another situation entirely. The best response is to first stay away from the vortex, wait for the two giants to decide victory, and then choose a side.
These propositions sound genuinely objective and impartial, how could those shareholders mindful of their wallets disagree?
Yet if new shareholders brought in by old ones take over so shares, they could completely transfer all held shares to a newcor, forcibly creating a new majority shareholder!
Then Shengsheng International would belong to soone else.
As for why Beifeng Holdings would go to such lengths to sche against Shengsheng International, the benefits are simply enormous.
Currently, many bigwigs outside actually know who Zhengdong Province is, know his relation to Lu Yun. If Zhengdong Province, the promising son-in-law, can’t even protect his own company, the Tengyun Series under Lu Yun will inevitably be plagued with suspicions, worsening the current situation.
In business warfare, public opinion and morale matter half, to destroy the heart.
Even if Lu Yun can handle it, attacking his son-in-law Zhengdong Province is still worthwhile.
“So what do you want to do?” Bai Xiaosheng asked before reminding Zhengdong Province, “I’m still a shareholder in your company, right? Didn’t it say only new shareholders recomnded by old ones can accept the new shares, so old shareholders can’t?”
If Zhengdong Province directly acquires others’ shares to forcibly retake the company, that would break the rules. It might anger the other shareholders. Even though each has fewer shares than Zhengdong Province, if they all unite, they could force him to ‘step down,’ so it’s not an option to take tough actions.
And on the other side, there seems to be corresponding concerns.
So everything has to be done within the rules.
“Actually, you’re no longer a shareholder in our company. A month and a half ago, I transferred your shares under my na for convenience. You even signed it, don’t you rember?” Zhengdong Province curiously asked.
Bai Xiaosheng couldn’t help but scratch his head, recalling.
It seed vaguely familiar…
At that ti, Bai Xiaosheng seed busy, and Zhengdong Province sent so sort of authorization letter, asking him to authorize Zhengdong Province to handle Shengsheng International’s equity matters.
Bai Xiaosheng hadn’t even looked closely and signed it. The shares were originally given by Zhengdong Province, and he fully trusted him.
Unexpectedly, with that signature, he was no longer a shareholder…
“I initially thought to return the shares to you after the issue was resolved, but… they all got involved. Now, I’ve contacted so trustworthy shareholders to transfer part of the shares. However, due to the shareholders’ eting decision, these shares can’t be given to an old shareholder like but can be passed to a new shareholder like you.” Zhengdong Province said, “Then, I’ll transfer all my shares to you, making you the primary shareholder of Shengsheng International!”
This is what Zhengdong Province ant by asking Bai Xiaosheng to ‘take over’ Shengsheng International.
“But what if the other side does the sa thing, using a new shareholder, holding more shares, what will you do?” Bai Xiaosheng couldn’t resist asking.
Having him take over Shengsheng International is feasible, at least preventing the company from falling into outsiders’ hands.
As for whether the transfer of Shengsheng International would allow Beifeng Holdings to leverage it against the Tengyun Series, well, that’s unavoidable.
However, Bai Xiaosheng believed that Lu Yun would have a response.
The most urgent thing right now is to secure this company!
“You’re worried they’ll do the sa? You think I’m stupid. Learn a lesson after taking a loss, I’m also maneuvering in all sorts of ways, creating safeguards. As long as you co, I’m ninety percent confident in making you the majority shareholder, as for the remaining one percent… it doesn’t exist!”
Zhengdong Province proclaid with confidence, “The day after tomorrow at noon, the new and old shareholders’ eting, will you co?”
Having said all this, Bai Xiaosheng naturally responded decisively, “In that case, I’ll make the trip!”
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