Rebirth of the Cyber ​​Hegemony

Page 601

Seeing John, the president of Bain Capital China, sitting there motionless for just a moment, Chen Xiaowei panicked.

If Bain Capital disagrees, it will be useless for the founder to say that he broke the sky.

He really wanted to ask directly, what's going on, didn't he agree with it?

What are you doing now, you don't even raise your hand.

"Chen Dong, we have nothing unclear."

Bain Capital said with a slight smile.

"Then you don't agree with this acquisition?"

"No."

"Then who are you?"

"Some of us at Bain Capital couldn't see clearly the prospect of this acquisition, so we abstained."

In fact, there are also votes that abstain from the voting itself.

According to the procedure, the moderator please raise your hand for those who agree, and then for those who disagree, please raise your hand.

Finally, those who abstained please raise your hand.

That's three voting processes.

But now, there is no need to talk about the latter two processes.

Bain Capital has expressed its attitude, they abstained.

Although abstaining is not against Chen Xiao, in fact, abstaining now has the same effect as objecting.

Bain Capital holds about 24% of Yongle's equity.

On Chen Xiao's side, only 42% of the votes were in favor, not more than 50%. This time the motion was not passed.

"Mr. John, I think it is necessary for me to tell you about the cooperation with China Magnesium this time."

Chen Xiao couldn't think of it.

At the critical moment, Bain Capital actually chose to abstain.

But he knew that he had to win the support of Bain Capital.

Otherwise, this acquisition will go bankrupt.

You must know that the acquisition of Guomei not only paid a premium of more than 20%, but Huang Guangyu also agreed to let Chen Xiao be the CEO of Guomei Electric.Although this seems to be Guomei's acquisition of Yongle, in fact everything is still managed by itself.It's just that the head office returned to China.

"Mr. Chen, Bain Capital has already voted. Do you need them to vote again?"

At this time, Chen Yu finally spoke.

Yes.

That's right.

The reason why Chen Yu is confident is that he has already reached a cooperation with Bain Capital.

In fact, after taking a stake in Yongle, Chen Yu got in touch with Bain Capital.

As for Bain Capital's abstention this time, on the one hand, it is optimistic about Universal Technology, and on the other hand, it is also because Chen Yu agreed to a condition of Bain Capital to invest in Youyou.com.

Yes.

Chen Yu asked Wang Chang to set up a social network, Friends.com, in the United States. According to Chen Yu's guidebook, although it can't be said to be on an equal footing with Facebook, it has also shown great potential.For this website, major investment companies are extremely concerned.And when they found out that Friends.com was still a subsidiary of Huanyu Technology in China, a group of investment companies became more interested.

Among them, Bain Capital is a capital that has always wanted to invest in Friends.com.

Of course, for Friends.com, Chen Yu is not short of funds for the time being.The reason for accepting the investment from Bain Capital is, on the one hand, for this shareholder meeting, and on the other hand, for the future development of Friends.com.As for the reason, it is normal.It is very dangerous to open a website in a country like the United States without any capital in the United States.

Of course, Chen Yu had already considered this point.

In the future, he will always compete with a series of giants in the United States, and Friends.com is the twist that connects him closely with capital from all parties.

He will promote the listing of Friends.com in the United States and absorb countless capitals from all over the world.

With this amount of capital, Chen Yu can relieve a lot of pressure from the United States.

Even for things like neck choking, as long as Chen Yu is closely connected with these capitals, these capitals can make huge profits under Chen Yu's circle.Then, this amount of capital can change everything you can't imagine.

Of course, this is a very difficult thing, but if you take this step, you may succeed.

obviously.

In the eyes of Bain Capital, Yongle Home Appliances is naturally inferior to Friends.com, and even more inferior to Huanyu Technology.

That's why Bain Capital abstained.

"It turns out that Mr. Chen has been waiting for me here."

Seeing that Chen Yu seemed to have expected it long ago, Chen Xiao suddenly woke up.

He understood that Chen Yu must have reached a cooperation with Bain Capital, so he played a play for him at today's shareholders meeting.

"Okay, you are amazing, you won this time."

Putting down the harsh words, Chen Xiao felt that he should take a bath in cold water to calm himself down.

He has to reflect on himself exactly where he made a mistake.

"Wait, Mr. Chen, don't rush away."

Seeing that Chen Xiao was about to leave, Chen Yu said hastily.

"Mr. Chen, is there anything else?"

"There's one more small matter, deal with it first, and it won't be too late for Mr. Chen to leave."

"What's the matter, Mr. Chen, just tell me directly."

Coldly, Chen Xiao sat back to his original position.

At this time, Zhang Jianming stood up and said: "Director Chen Yu, the major shareholder of Yongle Home Appliances Huanyu Technology Co., Ltd., submitted the second agenda item of the shareholders' meeting to revoke Mr. Chen Xiao as the chairman of Yongle Home Appliances, and at the same time remove Mr. The job of the CEO of Le Home Appliances..."

Chapter 686: Who agrees and who opposes?

Hearing Zhang Jianming's proposal, Xiao Chen couldn't believe it.

"Mr. Chen, do you want to remove my position as chairman?"

After finishing the novel, Chen smiled and said, "Mr. Chen, do you think it's possible?"

"Why, it's impossible that I can't propose?"

Chen Yu spread his hands: "As a director of the company, I have the right to propose proposals."

"Who agrees and who opposes?"

Involuntarily, Chen Yu said this sentence suddenly.

He felt like the villain in the movie.

However, after saying this sentence, he felt so refreshed.

He did somewhat understand why the villains in many movies are so arrogant.

It's not that they really want to be so arrogant.

But the refreshing feeling brought by such arrogance is simply not comparable to other things.

"Vice President Liu, it's time to vote now."

After finishing speaking, Chen Yu looked at the vice president of Yongle Home Appliances, who is also the voting host of this shareholder meeting.

"I object."

There is no need for Vice President Liu to start, Chen Xiao was the first to say.

"We also object."

Representatives of minority shareholders following Chen Xiao also expressed their opposition at this time.

"I support."

Chen Yu naturally raised his hand.

Afterwards, Chen Yu looked at Bain Capital.

Of course, at this time, Chen Xiao, like Chen Yu, was also watching Bain Capital.

"I'm sorry, Mr. Chen."

Seeing Chen Xiao looking at this side, Bain Capital raised his right hand on behalf of John: "We at Bain Capital support the proposal proposed by Director Chen Yu."

"what?"

At this moment, Chen Xiao opened his eyes wide and couldn't believe it.

Of course, those who couldn't believe it included the vice president who was in charge, and the representatives of the minority shareholders.

They thought about it, but they didn't expect it to be like this.

Even though they were surprised that Bain Capital opposed being acquired by China Magnesium, they just thought that Bain Capital might not be very optimistic about this acquisition.This is normal. This kind of acquisition is related to the life and death of a company, and if one operation is not good, it may be ruined.Bain Capital abstained, which is conceivable.

However, at this moment, Bain Capital has changed from abstaining from voting to openly opposing Chen Xiao.

"Mr. John, are you kidding me?"

Chen Xiaozhi felt like he was dreaming.

In other words, he never dreamed that Bain Capital would want to get rid of him.

Because they cooperated well with Bain Capital before that, and Yongle has also developed well.

As an investor, Bain Capital is out to make money, and it is impossible for them to withdraw Chen Xiao.

What's more, Chen Xiao is also the founder of Yongle Home Appliances.

"Sorry, Mr. Chen, I think the prospect of e-commerce is very good, so I am very optimistic about the cooperation with Mr. Chen Yu, President of Universal Technology."

John said it straight.

At this point, there is no need to pretend anymore.

In fact, they abstained just now, which already represents what they mean by Bain Capital.

But after all, for Chen Xiaoxiao, he still had some fantasies.

Chen Xiao felt that there might still be insufficient communication with Bain Capital, and he could find a way to communicate with them after the shareholders meeting.But now, Chen Xiao has no chance.This shareholders meeting meant that he was kicked out.

"Mr. Chen, I underestimated you."

Looking at John, Chen Xiao then turned his gaze to Chen Yu's side.

He finally understood.

In fact, Chen Yu had already arranged for this shareholder meeting.

Even if Chen Xiao didn't hold this shareholder meeting, Chen Yu might take the initiative to attack.

But the time may not be now.

"Okay, you are amazing, I am convinced that I lost."

Throwing the documents in his hand, Chen Xiao left the shareholders meeting with a livid face.

"Then, let's vote on the third proposal. I propose that Mr. Chen Yu be the chairman of the board of directors of Yongle Home Appliances, and Mr. Zhang Jianming be the CEO of Yongle Home Appliances. Of course, this is a temporary position. In the future, we will select an excellent person. professional manager."

As the director of the company, Chen Yu submitted the third proposal.

It is also very normal to propose myself as the chairman of the board of directors.

In fact, a lot of companies do this.

After all, it is a commercial company, so there is no need to avoid suspicion, everything has to fight for its own interests.

Although Chen Xiao had already left at this time, it didn't matter.

The general meeting of shareholders has never been held without someone.

In fact, not all shareholders are required to attend the general meeting of shareholders.

Unless Chen Xiao controls more than 50% of the shares, judging from the current shareholding of Yongle, whether Chen Xiao is present or not has no effect at all.

After the motion was proposed, Chen Yu was the first to raise his hand.