Hearing Zhang Jianming's proposal, Chen Xiao almost couldn't believe it.
"Boss Chen, you want to remove me from the position of chairman?"
Chen Wan smiled, "Boss Chen, do you think it's possible?"
"What, I can't propose it if it's not possible?"
Chen Yu spread his hands, "As the company's director, I have the right to propose a proposal."
"Who agrees, who opposes?"
Chen Yu could not help but suddenly blurt out this sentence.
He felt like an antagonist in a movie.
However, it felt really good to say this sentence.
He now understood why the antagonist in many movies was so arrogant.
It wasn't that they really wanted to be arrogant.
Instead, it was the pleasure brought by such arrogance that simply could not be compared to anything else.
"Vice President Liu, we can vote now."
After speaking, Chen Yu looked at the vice president of Yongle Home Appliances, who was also the chairman of the shareholders' meeting.
"I object."
Without waiting for Vice President Liu to speak, Chen Xiao spoke first.
"We also object."
The representatives of the minority shareholders who followed Chen Xiao also expressed their opposition.
"I support."
Chen Yu naturally raised his hand.
Then, Chen Yu looked at Bain Capital.
Of course, at this time, Chen Xiao and Chen Yu were also looking at Bain Capital.
"I'm sorry, Boss Chen."
Seeing Chen Yu look over, John, the representative of Bain Capital, raised his right hand, "Bain Capital supports the proposal proposed by Director Chen Yu."
"What?"
At this moment, Chen Xiao's eyes widened. He couldn't believe it.
Of course, the vice president and the representatives of the minority shareholders couldn't believe it.
No matter how much they thought about it, they would never have thought that such a situation would occur.
Even if they were surprised that Bain Capital opposed the acquisition, they just thought that Bain Capital might not be very optimistic about this acquisition. This was normal. This kind of acquisition was related to the life and death of a company. If it wasn't handled well, it could be finished. Bain Capital abstained, this was expected.
But now, Bain Capital went from abstaining to openly opposing Chen Xiao.
"Mr. John, are you kidding?"
Chen Xiaozhi felt like he was dreaming.
Or rather, he never dreamed that Bain Capital would want to remove him.
Previously, they had a good partnership with Bain Capital, and Sung Music was developing well.
As an investor, Bain Capital wanted to make money. It was impossible for them to remove Chen Xiao.
Moreover, Chen Xiao was the founder of Yongle Home Appliances.
"I'm sorry, Boss Chen. I think the future of e-commerce is very good, so I'm very optimistic about the cooperation with Mr. Chen Yu, the president of Huanyu Technologies."
John said bluntly.
At this point, there was no need to pretend anymore.
In fact, their abstention just now represented Bain Capital's intention.
However, he still had some fantasies about Chen Lai.
Chen Xiao felt that there might not be enough communication with Bain Capital. After the shareholders' meeting, he could find a way to communicate with them. But now, Chen Xiao no longer had the chance. This shareholders' meeting meant that he would be kicked out of the company.
"Boss Chen, I underestimated you."
After looking at John, Chen Yu turned his gaze to Chen Yu.
He finally understood.
In fact, Chen Yu had already arranged for this shareholders' meeting.
Even if Chen Xiao didn't hold this shareholders' meeting, Chen Yu might take the initiative to attack.
But it might not be now.
"Okay, you're good. I admit defeat."
Chen Xiao threw the document in his hand and left the shareholders' meeting with a pale face.
"Then, let's vote on the third proposal. I propose that Mr. Chen Yu be the chairman of the board of directors of Sung Music Home Appliances, and Mr. Zhang Jianming be the CEO of Sung Music Home Appliances. Of course, this is temporary. In the future, we will choose an excellent professional manager. "
As the company's director, Chen Yu submitted the third proposal.
It was normal to propose that he be the chairman of the board of directors.
In fact, a lot of companies did this.
After all, it was a business company. There was no avoiding suspicion. Everything was for their own benefit.
Although Chen Xiao had already left, it didn't matter.
The shareholders' meeting could be held without anyone.
In fact, not all shareholders were required to attend the shareholders' meeting.
Unless Chen Xiao controlled more than 50% of the shares. But looking at Sung Music's shares, Chen Xiao's presence didn't matter at all.
After the proposal was proposed, Chen Yu was the first to raise his hand.
Then, the representative of Bain Capital, John, also raised his hand.
As for the remaining small shareholders, Chen Yu ignored them.
Whether they raised their hands or not, Chen Yu and Bain Capital's shares had already exceeded 50%.
In other words, the two parties had full control of Sung Music Home Appliances.
"Mr. John, do you have any other proposals?"
After the third proposal was passed, Chen Yu asked John.
John shook his head.
Afterward, Chen Yu symbolically asked the remaining minority shareholder representatives, "What about you guys?"
"The shareholders' meeting respects the rights of all shareholders. You can also submit proposals to the shareholders' meeting."
Of course, this was all nonsense.
The small shareholders didn't speak and left the shareholders' meeting.
But they knew.
Although they had the right to submit proposals, they would definitely be opposed by Chen Yu.
The result would be the same whether they mentioned it or not.
…
"Boss Chen, is the shareholders' meeting over?"
Huang Guangyu was sitting outside, drinking tea leisurely.
He knew that this acquisition would take some time.
At the same time, there would probably be some arguments at the shareholders' meeting.
But he didn't expect Chen Xiao to come out after only an hour.
But it made sense.
In terms of equity allocation, even if Chen Yu had 30% of the shares, he couldn't say anything.
"It's over."
Chen Xiao's face was a bit pale as he said awkwardly.
From the moment he walked out of the shareholders' meeting office until now, he felt a bit dazed.
How ironic.
As the founder of the company, he was kicked out by the other shareholders.
Ridiculous.
When he saw the Apple board kick Jobs out, he thought Jobs was stupid. As the founder of the company, he couldn't even keep his own company and was kicked out by others. Now, it seemed that he wasn't much better than Jobs.
And it seemed that he was worse than Jobs.
At least Jobs was now back in charge of Apple.
But he probably couldn't go back to his music.
"Great, let's celebrate in the evening."
Huang Guangyu was overjoyed.
This acquisition went smoother than expected. Huang Guangyu admired himself for raising the price.
If he hadn't decisively raised the price by 20%, this acquisition wouldn't have been so fast.
But seeing that Chen Xiao's face didn't look right, he asked, "Boss Chen, is there anything else?"
"No."
Chen Xiao shook his head. "Boss Huang, there's no need to celebrate. This shareholders' meeting didn't pass the acquisition proposal."
"Huh?"
Huang Guangyu was puzzled and asked, "Bain Capital objected?"
"They didn't object. They abstained."
"These shameless people."
Huang Guangyu scolded.
Although he was extremely unhappy, the acquisition had always been a good thing.
It didn't matter if it didn't succeed today. There would be another chance.
After thinking about it, Huang Guangyu comforted Chen Xiao. "Boss Chen, it's okay. These capitalists are all money grubbers. How about this? Let's invite Bain Capital to dinner tonight, and we'll talk about the merger in detail. "
Huang Guangyu thought that the reason why Bain Capital didn't agree might be that they weren't very satisfied with the equity distribution.
As long as Magnesium gave enough profits to Bain Capital, this acquisition could still go ahead.
At worst, they could have another shareholders' meeting next time.
"I don't think it's necessary."
Chen Xiao waved his hand and refused.
"Why?"
"I want to know why."
Chen Xiao said helplessly, "Boss Huang, maybe you don't know, this shareholders' meeting didn't pass the acquisition proposal with your company. On the other hand, my position as the chairman and general manager of Yongle Electric Appliances is also gone. "
"No way."
Huang Guangyu was stunned.
He was a little dizzy. How did the acquisition turn out like this?
But Huang Guangyu was not an ordinary person. Although he was extremely shocked, he quickly calmed down.
He was used to seeing countless equity fights. He naturally understood that Chen Xiao lost in the equity fight of Yongle Electric Appliances.
On the surface, Chen Xiao lost his position as the chairman and general manager of Yongle Electric Appliances. Their acquisition this time was over.
But secretly, it was not without benefits.
Their acquisition of Yongle Electric Appliances was to expand the market.
But because Yongle Electric Appliances was strong, they couldn't do anything to Yongle Electric Appliances.
But even Chen Xiao, the founder, was kicked out of the Yongle Electric Appliances.
This didn't seem like a bad thing.
At least without Chen Xiao's Yongle Electric Appliances, it should be much easier to deal with.
Thinking of this, Huang Guangyu suddenly had an idea and said to Chen Xiao, "Boss Chen, are you interested in coming to Magnesium?"
"Boss Huang, what are you doing?"
"I've always admired Boss Chen's experience in electrical appliances. Magnesium is lacking a CEO like Boss Chen. If Boss Chen is willing to come to Magnesium, you'll be in charge of all matters in Magnesium in the future. What do you think? "
Of course, if Huang Guangyu gave the position of CEO to Chen Xiao, then Huang Guangyu would be the chairman himself.
This way, he would show his sincerity and still be able to control Magnesium.
He was not stupid enough to let his guard down against Chen Xiao.
Of course, the most important thing was that he wanted to use Chen Xiao to deal with the leaderless Yongle.
"Boss Huang, you don't have to comfort me."
Chen Xiao was also extremely surprised by Huang Guangyu's invitation.
"Boss Chen, I'm not saying this out of courtesy. I'm doing this for Magnesium. I think the person who knows Yongle the best is you, Boss Chen. If everything goes well, Boss Chen might be able to take over Yongle again. "
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