Chapter 157 Chapter 157

Wang Guanxi walked onto the stage with big sunglasses, glanced at the crowd, and opened: "I am the boss here now. I announce that all senior executives of Wing Lung Insurance will be demoted to half their positions. Your position will be temporarily assigned to Cathay Pacific Auto Insurance. The executives are concurrently serving, and when you perform well that day, you will become more regular. Do you understand?"

   "Understand the boss" everyone is still very afraid of this mysterious boss, wearing big sunglasses, the momentum is extremely shocking, you can imagine the indifferent and ruthless face under the sunglasses.

   "Well, just understand." Wang Guanxi looked at the crowd, thinking in his heart.

  There should be a lot of **** in this Wing Lung Insurance, otherwise, I wouldn’t have bought the bonds of Indy Mac Bank.

  Thinking of this, Wang Guanxi said again: “It turned out to belong to an executive of Indy Mac Bank, and he will leave within three days.”

  "Okay, the meeting is over"

  Then everyone left.

  Wu Zhankun came to Wang Guanxi and said: "Hey, it is finally liberated."

  After finishing talking, he looked at the conference room a little bit reluctantly.

  Wang Guanxi suddenly said: "Brother Zhankun, you should continue to be a director."

  Wu Zhanhai said without even thinking: "Okay!"

  Wang Guanxi asked Wu Zhankun to continue to serve as the executive director of Wing Lung Insurance, while the five executive directors of Cathay Insurance also served as executive directors of Wing Lung Insurance.

   "Zhan Kun, we will work together in the future, haha" Zhang Youde laughed.

In fact, he has been very miserable recently. The company under his company went bankrupt and lost huge losses. After he sold Cathay Insurance to Wang Guanxi, Wang Guanxi gave him a salary and let him serve as an executive director. Not bad.

  This Wu Zhanhai is also very unlucky. The company is gone. Fortunately, it was sold in time and sold for a price that was still deceptive.

   "That's really an honor. In fact, we are all just part-time executive directors." Wu Zhankun smiled bitterly.

  As the executive director of Wing Lung Insurance, I still have an extra salary, which is not bad. I also help Wang Guanxi to manage the company at ordinary times.

  Wing Lung Insurance is a pit, let Wang Guanxi do it, debt problems and insufficient solvency ratios are all handed over to Wang Guanxi.

  Anyway, he should think about it, what industry in the future, he is not short of money, his cousin Wu Zhanhai still owes him 100 million.

  Continuing to work in the insurance industry, he was a bit tired, especially after he had pitted the Indy Mac Bank in the United States once, he was suspicious of his life, so please be quiet during this time.

  At this time, Wang Guanxi said: “Convene a general meeting of shareholders to announce the privatization and delisting of Wing Lung Insurance”

   "OK"

  Then the shareholders meeting of Wing Lung Insurance Company was held.

  Wang Guanxi did not attend the shareholders meeting. Instead, he divided the shares into six shares and authorized them to Rang Wu Zhankun, Zhang Youde, Mu Honglie, Chen Xuezhen, Wei Weicheng, and Huang Shaokai. Six people were allowed to attend the shareholders meeting of Wing Lung Insurance.

  A representative from Asia Financial Holdings also participated in this shareholder meeting.

  At the general meeting of shareholders, with 60% of the votes, the privatization of Wing Lung Insurance Company was announced and the stocks on the market were compulsorily acquired.

  The representative of Asia Financial Holdings Company quickly notified to call his boss, and Chen Tianqing, the chairman of Asia Finance, was completely dumbfounded when he learned of the situation!

   "Asshole, I'll be over right away"

  "Wu Zhankun, this kid really found the gold master, and united against me, not letting me buy it."

   Then he quickly left the office and rushed to Wing Lung Insurance Company.

  In the conference room, Chen Tianqing resolutely opposed the privatization of Wing Lung Insurance Company. Now he still holds 20% of the shares. This time he suffered a terrible loss!

   was cut by Cathay Insurance.

  Not only was it impossible to acquire Wing Lung Insurance at a low price, but the stocks were smashed too low due to the smash, resulting in huge losses.

  This time I lost my wife and lost my army.

  But it is useless to oppose privatization. Wing Lung Insurance still wants to privatize.

  The purchase price for the privatization of Wang Guanxi’s horses is the market price, 0.5 yuan per share!

   will be announced tomorrow.

  Chen Tianqing firmly opposes the privatization of Wing Lung Insurance by Cathay Insurance at market prices!

   claimed to split Wing Lung Insurance Company and auction assets.

  However, it is useless and the objection is invalid. Wang Guanxi’s Ma Zai at the general meeting of shareholders still resolutely privatized the price of 0.5 yuan per share.

  At this time, Chen Tianqing said that he would sue and resolutely not sell stocks at a price of 0.5 yuan per share!

  He doesn’t sell stocks, and Wang Guanxi can’t do anything about it. The so-called compulsory acquisition does not mean that he can forcibly buy the other party’s stock without the consent of the shareholders.

  However, Wang Guanxi does not want Chen Tianqing's Asian Financial Insurance to continue to hold 20% of Wing Lung Insurance's shares.

  So negotiated.

  Chen Tianqing opened the mouth and said: "Tell the gold master behind you to come out and talk to me."

  At this time, Wang Guanxi walked into the meeting room and smiled and said, "Old Chen, don’t come here without any problems."

   "Damn, Wang Guanxi, it really is you." Chen Tianqing's expression suddenly changed. Unexpectedly, Wang Guanxi was actually operating behind the scenes. The large-scale purchase this morning must be Wang Guanxi's.

  When Zhang Dexi of Nagartai Auto Insurance appeared in the meeting room, he guessed Wang Guanxi was behind him.

   "Old Chen, let's talk about the important things." Wang Guanxi thought for a while and said: "Old Chen, it's only 0.5 yuan."

   "It's useless if you hold 20% of the shares. I tell you Wing Lung Insurance will delist soon, and then will never be listed, and will never pay dividends. If you hold this 20% of the shares, it is waste paper."

  Chen Tianqing resolutely said: "No, the price is too low, I will sue the court, apply to dissolve the company, and then auction the assets."

  Serious difficulties in the operation and management of the company and its continued existence will cause major losses to the interests of shareholders. If it cannot be resolved through other means, shareholders holding more than 10% of the voting rights of all shareholders of the company may request the court to dissolve the company.

  This is the situation now.

  If you don't let me be good, don't think about it.

  Wang Guanxi persuaded, “Old Chen, don’t be so stubborn. It’s useless and can’t be dissolved. Even if you file for bankruptcy, Wing Lung Insurance is now insolvent and you won’t get a penny.”

  If Chen Tianqing loses, he loses. He does not admit defeat and he cannot dissolve the company. However, Wang Guanxi is eager to privatize Wing Lung Insurance and become a 100% holding company, and then facilitate the mobilization of all funds so that the funds can be recycled.

   was hindered by Chen Tianqing.

   "Old Chen, I'm serious, Wing Lung Insurance will delist forever and never pay dividends. You should sell stocks, it's useless"

  In the future, Wing Lung Insurance will make a lot of money, so you can’t always pay dividends.

  Chen Tianqing owns 20% of the shares in Asia Insurance, and he cannot make a compulsory acquisition unless he agrees.

  Chen Tianqing: "Wang Guanxi, your kid is so dark that you cut me off behind your back. I don't care. Anyway, I can't get Wing Lung Insurance. Don't even think about it. I would rather it be bankrupt."

  Speaking of which, Chen Tianqing is depressed and angry!

  Unexpectedly, Wu Zhankun and Wang Guanxi would come together to deal with him.

  All his own efforts eventually became Wang Guanxi’s wedding dress, and he couldn’t swallow this bad breath in his heart!

  Wang Guanxi thought for a while and said, "Lao Chen, tell me, what price?"

  He is not worried that Chen Tianqing will not sell it, it's just a price issue.

  "At least 1 yuan per share" Chen Tianqing said bluntly.

  Wang Guanxi denied: "Impossible, Wing Lung Insurance is not worth so much money now. If you find any financial institution, it will not give you this price."

  Everyone understands what Wing Lung Insurance is like now, and it is not worth the price.

   Chen Tianqing asked: "Then how much do you say?"

He knew that Wang Guanxi desperately wanted to privatize Wing Lung Insurance Company and swallow this piece of meat. After all, Wing Lung Insurance still has 3 billion assets. Although the liabilities are also very high, it needs to be digested for a period of time. If it is properly operated in the future, it is still very valuable. .

  This is the reason why he wants to acquire Wing Lung Insurance. His Asian finance is rich and cash is enough to solve the problem of Wing Lung Insurance, but he never expected to kill Wang Guanxi halfway and pick his peaches.

  At this time, Wang Guanxi made an offer and said: "Old Chen, your 20 million shares, I will give you 0.6 yuan per share."

   0.6 yuan per share, which is also 12 million Hong Kong dollars.

   Chen Tianqing objected: "0.9 yuan"

  "0.7" Wang Guanxi continued to bargain and said: "0.7 yuan is the highest, it cannot be increased, Lao Chen, if you disagree, I can only delist first"

  "0.8" Chen Tianqing's tone is a bit weak.

"0.75, Old Chen, if you don't sell, I will dissolve and reorganize the company and split up." Wang Guanxi said with a serious face, "I will give you 5 minutes to think about it. This Wing Lung Insurance is a pit, and only I can take it. Come down, give you this price, if you don’t agree, I will dismantle the reorganization company"

  Chen Tianqing struggled a bit and did not speak.

At this time, Zhang Dexi reminded: "Old Chen, these 20% shares are owned by Asia Financial Holdings, and Asia Financial Holdings is not your own company. Then we will go to other shareholders of Asia Financial and take a look. They support you or not"

  Chen Tianqing heard it, sighed, and finally agreed and said: "Okay, then 0.75 yuan per share"

  After the agreement was concluded, Wang Guanxi paid 15 million Hong Kong dollars to Chen Tianqing’s Asian Finance Corporation, and Cathay Insurance obtained another 20% of the shares, totaling 80% of the shares!

  Then Cathay Insurance announced that it would acquire the remaining 20% ​​of the shares at a premium of 50% and 0.75 yuan per share.

  The next day, Friday, 17th 18th.

  The stock price rushed from 0.5 yuan to 0.75 yuan per share, and the frame is frozen here.

  Retail investors have also sold stocks.

  Because you do not sell, once the company delists and is no longer listed, you cannot continue to trade stocks.

  Wang Guanxi specially prepared 15 million Hong Kong dollars of funds to acquire the 20% of the shares in the hands of retail investors, completed the privatization of Wing Lung Insurance, and delisted.

  This time the acquisition of Wing Lung Insurance cost a total of 106 million Hong Kong dollars, and the Heishan Group still has 4 million Hong Kong dollars left, which happened to be invested in Wing Lung Insurance.

  In the afternoon, Wing Lung Insurance Company. In the office of the president, Wang Guanxi looked through the balance sheets of the two insurance companies.

  Currently, Wing Lung Insurance is in a situation of insolvency.

  "You need to cash out a lot of cash, and then let the insurance company make money!"

  "Wing Lung Insurance holds a lot of company stocks, which are all floating losses on the books. Let me first see which stocks should be sold? Which stocks should continue to be held!"

  This is a problem that needs to be solved urgently. If it is not solved well, then everything will be done for nothing!

  (End of this chapter)