Chapter 142: One Vote Veto (Three Changes)
As soon as Eugene came up, he gave everyone a dismount.
According to the corporate law here, a proposal to remove the chairman can be approved by more than half of the shareholders by voting in favor.
When Eugene finished speaking, he smiled and raised his hand.
The room fell silent.
Puran's face turned pale.
Steve lowered his eyes, as if everything here had nothing to do with him.
Henry looked at Eugene and frowned slightly.
Novia looked at Eugene and then at Luo Yin, with a playful expression.
Luo Yin didn't look at any of them, but looked at the vacant seat that represented the person in charge of Dafeng Investment Company, thoughtfully.
When Eugene saw that no one raised his hand or spoke, he didn't care at all, but said with a smile:
"Isn't anyone asking me what I can do for the company?"
"Oh? So what can you bring to the company?"
Novia spoke slowly with interest.
Seeing the most beautiful lady on the scene respond to herself, the smile on Eugene's face became even brighter.
"I can guarantee that after I become the chairman of Jumian, I will provide the company with a large amount of cotton to produce cotton cloth and expand the market. We not only want to become the leader of the textile industry in Qiongbi City, we can also expand outward! I can lead the company to a better future! You have to believe that I have the power!"
Eugene spoke confidently.
"And at what cost?"
Puran, who had been cold-faced, spoke.
Truth be told, if Eugene can really do that, then what about his abdication? Even if he is not the chairman, he still has shares, and he can be an ordinary shareholder.
"The price...... It's just a change of name, and it will be changed to the Qiongbi branch of the Fantasy Textile Company, what do you think?"
Eugene asked rhetorically.
Puran clenched his fists, his forehead throbbing.
Change your name?
This is directly swallowed up and acquired by the Phantom Company!
The giant cotton company he has worked hard for so long is gone!
Although he still has shares in his hands and can enjoy dividends, Puran knows that being annexed is not the end, but the beginning.
When the management of the company is replaced by their people, they have 10,000 ways to expel you from the company - it is not clear whether others will be expelled from the company, but he knows that his "former chairman" will definitely be ousted.
"Isn't there anyone who agrees? What a rare opportunity!"
Eugene continued to bewitch.
"I don't agree!"
Puran retorted directly.
"Oh? Why doesn't Mr. Pullan agree?"
Eugene spoke with some curiosity.
"I have the right to veto! Mr. Eugene's proposal is null and void and cannot be mentioned again for three months!"
Puran said as he stared at Eugene.
"What is a veto?"
Eugene's eyes widened as if he didn't understand anything.
"Because I have more than a third of the shares, according to the articles of association—"
Before Puran could finish his sentence, he was interrupted by Eugene.
"Oh? That's a veto, sorry, but I think I have ...... 21% plus 15% equals 36%, am I right?"
Pu Lan was stunned for a moment, he looked at the position of the person in charge of Dafeng Company, who was not present today, and immediately frowned:
"The equity of the shares in the hands of Dafeng Company has been authorized to you as an agent?"
As soon as he saw that no one from Dafeng Company was coming, Puran was prepared, but he still had a glimmer of hope, but now it seems that his worries have become a reality.
"No, no, no!" Eugene shook his head and said, "It's not that they authorized me, it's that I bought the 15% stake. So, I should have a veto too, right?"
「……」
Puran was silent for a moment, and then said very strongly:
"So what? I have already mentioned it to you
I am still the chairman of the company!"
Hearing this, Eugene was not worried at all, but said with a smile:
"You...... Are you sure? A veto requires more than 34% of the shares, are you sure you have enough?"
"What do you mean, how could I—"
Puran was stunned as Hansen raised his hand.
"I agree, I agree with Mr. Eugene's proposal."
"Hansen, you!"
Puran's face was full of disbelief.
Hansen was a little afraid to look at Puran's eyes, and he whispered:
"Puran, give up, we can't fight them, we might as well agree to their request......
"Giant Cotton is a company we created together!"
"Yes, but so what? It seems to be powerful, but in front of the real strong, it is vulnerable......
Hearing Han Sen's words, before Puran could speak, Luo Yin did suddenly laugh.
"Vulnerable? It's not because of a two-and-five-boy like you leading the way!"
Although Han Sen didn't know what Er Wu Zai meant, he knew that it was definitely not a good word, and he had the heart to refute a few words, but after looking at Luo Yin's disdainful eyes, he still didn't dare to speak.
When Eugene heard Luo Yin speak, he immediately shook his head.
It seems that Luo Yin can't be won over by him.
But don't worry, there are other shareholders, take your time. He didn't believe that when the stock price of Jumian Company was getting lower and lower, they would still be able to sit still.
Puran lost his mind.
In order to prevent the company from being usurped, the articles of association they set up stipulate that the chairman of the board of directors can be removed by more than half of the affirmative votes at the shareholders' meeting. However, as long as more than one-third of the votes are against, the recall is invalid and cannot be raised again for three months.
There is no conflict between these two provisions, after all, if he does not vote for it, he does not necessarily vote against, and he may abstain from voting. In this case, many people may abstain from voting, after all, they do not want to be responsible.
Pu Lan has 5% of the shares, Luo Yin has 10% of the shares, and the commercial bank represented by Henry has 15.5% of the shares, which is a total of 30.5%. Without Hansen's 3.5 percent, he lost a veto.
On the contrary, Eugene had already bought 21% of the shares, plus 15% of the original Dafeng Company and 3.5% of Hansen, and there was a 39.5% stake!
The largest shareholder of Jumian Company!
Puran lost a veto, while Eugene did! Then he no longer has the capital to compete head-on with Eugene.
Even if he is still the chairman for the time being, all his proposals will be rejected in the future, while Eugene's proposal may pass, and he will be swept away sooner or later.
Eugene looked at Puran with a confident expression.
He had investigated the situation of the Jumian Company, and he felt that Puran was not capable, but he was lucky. If it were him, he would definitely do better than Puran!
Now, it's time for this Pran's luck to come to an end!
At this time, Luo Yin was ready to speak, and he had more than 10% of the shares in his hands......
Although it seems that whoever becomes the chairman does not affect his interests, he has a better impression of Pullan, and coupled with the impurity of this Eugene's purpose, then he will definitely keep Pullan.
However, before Luo Yin could speak, Novia next to him suddenly whispered:
"I think that person is a little unhappy, I will authorize 10% of the rights in my hand to you, you can do it yourself."
Luo Yin was a little surprised, but he was not polite.
"I'm against it."