"All the shareholders are here, so here we go. ”

As the chairman and CEO of Yongle Home Appliances, Chen Xiao sat in the middle of the shareholders' meeting.

This was followed by Chen Yu and Zhang Jianming, representatives of Huanyu Technology, as well as representatives of Beth Capital.

Of course, there are also a few minority shareholders who are also seated.

It's just that a few other small shareholders have very small shares, almost negligible.

Their non-voting will have no effect on the resolution of the shareholders' meeting.

"As you know, since we opened our first store in Shanghai, the scale has grown to 301 stores. Suffice it to say, we have had great success. However, the competition in the offline market is extremely large, and Suning, Dazhong, and Guomei are our main competitors. In addition to them, there are also local home appliance brands in various provinces and regions. ”

"We know that home appliances are a capital-intensive industry, and it takes huge capital to occupy every market. And in it, if we do it alone, it may be difficult for us to compete in the future market. Therefore, I came up with the idea of joint development with other home appliance companies. Everyone knows the rest of the story. ”

"Last week, we officially received an offer from China Magnesium for us, the price is 10 billion yuan, which is 20% higher than the market price, which also reflects the sincerity and importance of China Magnesium to our Wing Music. In addition, although on the surface it seems that this is an acquisition of our Yongle by Guomei. But in fact, I prefer to think of it as collaboration. After the national magnesium and Wing Lok join hands, Wing Lok will continue to maintain independent development and own the Wing Lok brand. ”

Chen Xiao introduced the acquisition of Yongle by Guomei to the shareholders on the spot.

"I believe that this cooperation with Guomei will expand the scale between the two on the one hand, and on the other hand, it can better integrate the resources of the two brands and enhance the competitiveness of the enterprise. Of course, all of this is my personal opinion, and since it is a shareholders' meeting, I would also like to hear the opinions of other shareholders. ”

After speaking, Chen Xiao looked at Chen Yu.

Chen Yu shook his head and said, "Mr. Chen, I don't have any opinion, let's take a stand." ”

The shareholders' meeting said that it was purely superfluous.

Who will listen to you?

It's not a debate competition, no matter how well you debate, I'm sorry, how should I vote or how to vote.

"In this case, in order to respect the rights and interests of all shareholders, we are now voting on the agenda of Mr. Chen Xiao, chairman and general manager of Yongle, whether to accept the acquisition of Guomei Electric, and please raise your hand in favor. ”

The deputy general manager served as the moderator and started the voting ceremony of the general meeting of shareholders.

After speaking, Chen Xiao was the first to raise his hand.

In addition to the small ones, several other minority shareholders also raised their hands.

These minority shareholders are the representatives of 47 employees who founded Yongle Electric with Chen Xiao back then.

Their stake is about 1%.

Chen Xiao himself holds 42% of the shares, and with the shares of these employees, the number of votes in favor reached 43%.

As for Chen Yu's side, of course, it was impossible to agree, so he didn't raise his hand.

Chen Xiao didn't care about this.

He didn't think that Chen Yu would agree.

But it doesn't matter if Chen Yu disagrees, he has discussed with Beth Capital before this shareholders' meeting.

As long as Bain Capital supports itself, even if Chen Yu disagrees, it will have no effect.

Subsequently, Chen Xiao looked at Bain Capital.

To Chen's surprise, the representative of Bain Capital did not raise his hand.

"Bain Capital representatives, is there anything else you don't know?"

Seeing John, the representative of Bain Capital's president of China, sitting there motionless, just for a moment, Chen Xiaopied a little panicked.

If Bain Capital doesn't agree, he, the founder, will be useless.

He really wanted to ask directly, what's going on, didn't he say that he agreed?

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

"Chen Dong, we don't have anything unclear. ”

Bain Capital said with a slight smile.

"Then you don't approve of this acquisition?"

"It's not. ”

"And who are you?"

"We at Bain Capital have some unclear views on the prospects of this acquisition, so we abstained. ”

In fact, there were abstentions themselves.

According to the process, the moderator will raise their hand after reading the person who agrees, and then will talk about the person who disagrees, please raise their hand.

Finally, those who abstain from voting, please raise your hand.

This is a three-voting process.

But now, the latter two processes don't need to be talked about.

Bain Capital has shown its attitude and they abstained.

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

Bain Capital owns about 24% of Wing Lok.

As Chen Xiao's side, only 42% of the votes in favor of it, not more than 50%, and this time the bill was not passed.

"Mr. John, I feel compelled to tell you again about this collaboration with the National Magnesium. ”

Chen Xiao couldn't have imagined it.

At the critical moment, Bain Capital chose to abstain.

But he knew he had to enlist Bain Capital's support.

Otherwise, this acquisition will go bankrupt.

You must know that the acquisition of National Magnesium not only has a premium of more than 20%, but Huang Guangyu also agreed to let Chen Xiao be the CEO of National Magnesium Electric. Although this seems to be the acquisition of Yongle by National Magnesium, in fact, everything is still managed by itself. It's just that the head office has 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 so successful 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 abstaining this time, on the one hand, it is optimistic about Huanyu Technology, and on the other hand, it is also because Chen Yu agreed to a condition of Bain Capital to invest in Friends.

Yes.

Chen Yu asked Wang Chang to engage in the social network of friends in the United States, according to the opening book given by Chen Yu, although it cannot be said to be on an equal footing with Facebook, it also shows great potential. For this website, major investment companies are extremely concerned. And when it was known that Friends was still a subsidiary of Huanyu Technology in China, a number of investment companies were more interested.

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

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

Of course, Chen Yu has already considered this.

In the future, he will always compete with a series of giants in the United States, and the friend network is the twist belt that he is closely linked to the capital of all parties.

He will promote the listing of Friends.com in the United States and absorb countless capital from around the world.

Through this capital, Chen Yu can alleviate a lot of the pressure brought by the United States.

Even if it is such a thing as choking the neck, as long as Chen Yu is closely connected with these capitals, these capitals can make huge profits under Chen Yu's circle. Then, this capital can change everything you can't imagine.

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

Obviously.

In the eyes of Bain Capital, Yongle Home Appliances is naturally not as good as Friends.com, and even less than Huanyu Technology.

That's why Bain Capital abstained.

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

Looking at Chen Yu, it seemed that he had expected it a long time ago, and Chen Xiao suddenly woke up.

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

"Okay, you're amazing, you won this time. ”

Putting down the cruel words, Chen Xiao felt that he should wash cold water to calm himself down.

He had to reflect on what he had done wrong.

"Wait, Mr. Chen, don't be in a hurry. ”

Seeing that Chen Xiao was leaving, Chen Yu hurriedly said.

"Mr. Chen, is there anything else?"

"There is one more trivial matter, after dealing with this trivial matter first, it is not too late for Mr. Chen to leave. ”

"What's the matter, Mr. Chen, let's talk about it directly. ”

Coldly, Chen Xiao sat back in his original position.

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