Chapter 208: Suppress shareholders

The acquisition of Elephant Entertainment has come to an end, and the contract is almost about to be signed.

At this time, Yang Chen suddenly proposed to cancel this plan, and everyone naturally wanted to ask why.

Yang Chen didn't conceal anything, and said straightforwardly: "Li Hui, the boss of Elephant Entertainment, provokes me. Is the reason sufficient?"

The whole audience was speechless.

Isn't this a rascal mom?

But think about it, this reason is indeed sufficient.

However, some people still think that Yang Chen shouldn't confuse the public for personal gain, personal affairs are private affairs, and work is work, and they should not be confused.

After all, the company is not his own, and there are so many shareholders.

At this time, the system sends out a reminder.

System: "The sign-in is completed, the daily tasks are released, and the only 1% equity in Wu Zhen's hand is acquired. The task is completed, and 51% of the equity in the Dream Castle Hotel will be rewarded. Please confirm whether to accept the task."

The daily tasks of the system still have to be taken over.

The best can be done, and there is no loss if it is not done, why not pick it up?

Yang Chen: "Accept the task."

System: "Receive the instruction, the task takes effect, please complete it as soon as possible."

At this time, Wu Zhen spoke.

"Dong Yang, I think everyone is right. You can't just consider personal grievances and ignore the company. The purpose of so many shareholders investing in the company is for better returns, not to help resolve private grievances."

Yang Chen: "It's boring to leave 1% of the equity in Mr. Wu's hand. In this way, I will pay 100 million. You can sell me the remaining 1%."

Based on the current market value of Star Arts Entertainment of 3.2 billion, 1% of the equity is only worth 32 million.

Yang Chen directly bought 100 million yuan, and Wu Zhen was naturally tempted.

Wu Zhen: "Yang Dong is really great. Okay, then I will satisfy Yang Dong's wish and sell the remaining 1% equity to Yang Dong for 100 million."

Yang Chen: "Secretary Li, go and prepare the equity transfer letter."

Secretary Dong nodded and hurried to get the equity transfer letter.

When the other shareholders saw that Yang Chen was so willing to spend money, they were all immediately moved.

They can all make a lot of money by selling their equity at a premium of 200%.

"Dong Yang, buy the equity in our hands as well."

"Yeah! We have also received the 3.8% equity in our hands."

"We don't want such a high price, a premium of 120% will do."

"We just have to pay a premium of 100%."

...

If Yang Chen wants to increase his equity, he can go to the secondary market to increase his holdings.

There is no need to spend a high price to buy the equity in the hands of these shareholders.

The reason why Wu Zhen was offered a high price was to securely buy over 1% of his shares and complete the task of system release.

After completing the task, Yang Chen will be able to get 51% of the equity of Dream Castle Hotel.

Dream Castle is a joint venture hotel with a five-star standard and a total of 36 hotels nationwide.

Almost every provincial capital, municipality, and special economic zone will have a dream castle hotel.

After several rounds of financing, the valuation of Dream Castle has now reached 20 billion.

If you can get 51% of the equity, that means you can get more than 10 billion in assets.

The premium is less than 60 million yuan, in exchange for more than 10 billion assets, which can be calculated with closed eyes. This is too cost-effective.

As for the equity in the hands of others, Yang Chen is not interested in buying at a premium.

Yang Chen: "Thank you for your trust in me. If you really want to sell your equity, we can sit down and talk slowly if we have time."

At this time, the secretary of the board of directors brought the share transfer letter.

Yang Chen and Wu Zhen signed and pressed their fingerprints.

Yang Chen immediately transferred 100 million to Wu Zhen.

Now Wu Zhen is no longer a shareholder of Star Arts Entertainment.

If he continues to be a director, it would be inappropriate.

Therefore, he resigned as the director very consciously, got up and left.

System: "Congratulations to the director for completing the task and rewarding 51% of the equity of Dream Castle Hotel. The equity transfer is being processed, please wait..."

After all, it is a joint venture hotel, and the equity allocation must be very complicated.

It is understandable that the 51% equity of the system integration also needs time to go through the procedures.

Yang Chen: "Now everyone shows their hands to vote, do you approve of canceling the plan to acquire Elephant Entertainment? I first express my opinion, I agree!"

Others are not stupid. There is no need to fight against Yang Chen, who holds 46% of the shares. It is certainly not good.

Therefore, everyone agreed with no acceptance.

Yang Chen: "Very good. Secretary Li, you can call Elephant Entertainment to inform them that we have cancelled the acquisition plan."

Secretary Dong: "Okay, Dong Yang, I'll call right away."

Yang Chen: "Next, I want to put forward the second proposal for everyone to vote. I want to replace all the members of the board of directors except me."

Everyone became excited when they heard it, and the meeting room immediately became lively.

"This is too much! Are you going to get rid of dissidents when you come up?"

"It would be too arrogant to empty the board at once."

"I definitely can't agree with this. Why should I clear everything out for no reason?"

"Dong Yang, you have to give us an idea? Why do you clear the entire board of directors? Just because they were slow yesterday, you were eager to retaliate. This is not the quality that a company chairman should have."

...

Yang Chen motioned for everyone to be quiet, and explained: "One time the emperor, one courtier, don't you understand such a simple truth? I just replace them now, and you can still propose new candidates for election. What's wrong?"

Everyone understood that Yang Chen simply didn't like these directors, and he didn't intend to target them as shareholders.

Everyone was quiet.

Yang Chen said while playing on his mobile phone, "Cooperating with me is good for all of us. If you don't cooperate~www.wuxiaspot.com~ I have a way to deal with you."

As soon as the voice fell, Xingyi Entertainment's stock price changed.

Some people ate a lot of food and pulled the stock price from 3.2 yuan to the daily limit of 3.5 yuan.

Roughly estimated, this person has eaten 1.2 shares at once, accounting for 12% of the total share capital.

Most of these shareholders come from funds or investment companies.

All of them have deep backgrounds, and they are naturally confident, and they are not afraid of being scared by Yang Chen.

"Dong Yang, you have three fires as a new official. It's a little bit prosperous! Seeing that you can't control the fire."

"Dong Yang, it's almost enough, do we have to tear our faces?"

"As long as our funds and investment institutions join forces, it is easy to suppress the company's stock price below 1 yuan. Once the company is delisted, the StarArt Entertainment that you spent more than 2 billion to buy will become a It's empty."

"Ha ha……"

It can be seen that these shareholders usually frighten the major shareholders and the chairman of the board.

Everyone who relies on large funds and large investment institutions does not put the chairman in his eyes.

In the past, it might work.

Now, Yang Chen is definitely not used to them.

Yang Chen: "Really? Everyone, take a look at the stock price, and then come and tell me if you can work together to bring the stock price below 1 yuan!"

Everyone quickly took out their mobile phones and opened the trading software to take a look.

Everyone was stunned.

what happened?

Why is there a daily limit?

Who did it?

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