Reinventing the Millennium.

Chapter 295 The King Sees the King (Two in One)

Outside the hotel, media reporters swarmed up. Although they didn't quite understand the situation, their natural acumen made the camera focus on a group of participants in suits and ties.

A crowd of foreigners, which is to be expected.

It is also conceivable that there are several Chinese people.

But the leader looks familiar, isn't he Fang Zhuo?
Why is he the leader?Why did he suddenly appear?

Some reporters didn't know that one of Sina's directors represented Yike Investment, and they were very puzzled.

Some reporters knew that one of the directors of Sina belonged to Yike Investment, but they were very puzzled. Why did Fang Zhuo of Yike Investment stand in front of Davis of MIGA Fund?

As for Wang Zhidong who appeared at the end, the reporters were familiar with the founder of Sina, many of them had interviewed him, and all speculated about the significance of today's presence.

A group of suits and leather shoes and a white shirt walked to the hotel steps.

Wang Yan on the steps has not moved since he saw the scene of the stars holding the moon, neither greeted nor retreated. He looked at Fang Zhuo who was approaching, and said firmly:
"You made the wrong choice, Mr. Fang, Wang Zhidong won't come back."

No one understands the situation Wang Zhidong is facing better than Wang Yan, a participant. In June last year, there was one abstention in the vote to recall him, and all the others were in favor.

It can almost be said that all the directors are accomplices in driving out the founder Wang Zhidong.

Today, even if Wang Zhidong can take great pains to recruit Fang Zhuo and find MIGA, so what?
Will the two be monolithic? Can MIGA stand up to the end regardless of interests?

Wang Yan sighed in his heart, feeling regret and heartache of being betrayed but the betrayal was controllable.

Faced with the admonition or warning from Sina CEO, Fang Zhuo did not speak.

He stepped onto the steps, stood at the same height as Wang Yan, and patted this man on the shoulder lightly.

Fang Zhuo put his hand on Wang Yan's shoulder for three seconds.

Kakaka.

Media reporters took pictures of this scene one after another. Although they still didn't understand the situation, the picture of Fang Zhuo in a suit and leather shoes stretching out his hand to take a picture of Sina CEO Wang Yan was very good, and it seemed representative.

Fang Zhuo withdrew his hand, nodded apologetically at Wang Yan, and walked towards the hotel without saying a word.

The men in suits and leather shoes followed the CEO of Sina into the hotel.

The reporters patted the backs of the group of people and surrounded the lonely Wang Yan.

"President Wang, what does Fang Zhuo mean?"

"Mr. Wang, is this Wang Zhidong returning to Sina?"

"Do you support Mr. Wang?"

"President Wang, what is the relationship between Fang Zhuo and Wang Zhidong?"

Without saying a word, Wang Yan squeezed the reporter away. He still wanted to know what the relationship between Fang Zhuo and Wang Zhidong was, and why they suddenly got together.

The extraordinary general meeting of shareholders is held on the first floor, which is the same place as last time.

Fang Zhuo led the people to the conference hall with ease.

It was just at three o'clock in the afternoon, and the conference hall was already in full swing.

Two media, Sina's own reporter and CCTV Finance reporter.

Many executives, most of Sina's middle and high-level managers in the capital came.

All the directors, as Wang Yan came in silently, all nine directors of the board of directors were present.

And, the vast majority of shareholders or shareholders entrust an agent.

Everyone in the conference hall looked serious, ready to jointly resist the hostile takeover from foreign private equity.

It's just... When Fang Zhuo led the way in, Wang Zhidong in a white shirt stood out among a group of suits, and many people were stunned. This didn't seem to be the same as expected?
Duan Yongji, the co-chairman sitting on the stage, watched such a group of people come in with surprise and confusion, and saw the founder of Sina reappear at the shareholder meeting after a year.

At this time, Wang Yan who came to the stage whispered a few words to Duan Yongji.

Duan Yongji understood.

He shook his head slightly, turned on the microphone in front of him, and in the silence, he characterized the other party, and reprimanded him in a deep voice: "Wang Zhidong, you are so insane that people come to hostilely take over Sina!"

The words of the co-chairman woke up the people in the conference hall.

Even if it is Wang Zhidong, hostile bidders like MIGA Fund are enemies!
Duan Yongji didn't give Wang Zhidong a chance to speak, and looked at Fang Zhuo and Yike Investment Vice President Feng Bing behind him, and continued to reprimand: "Fang Zhuo! You are a dog for MIGA!"

He glared at this [-]-year-old who he had praised as sensible two days ago, and decided to vote for the director position of Yike Investment at this extraordinary shareholders' meeting.

Duan Yongji's words were not polite, but the group of suits at the entrance of the conference hall did not speak.

Wang Zhidong, the founder of Sina who was kicked out, faced the complex eyes of these familiar people, and listened to the co-chairman's scolding, but showed a strange smile.

He took a breath and said loudly: "Today is the shareholder meeting, and I am also a shareholder of Sina, can't I come?"

Despite the absence of a mic, this breathy voice is heard by everyone.

Duan Yongji already regarded the founder as the mastermind behind the scenes, and said coldly: "When friends come, they have good wine, and when wolves come, they have shotguns."

Facing the sudden dismissal at this time last year, Wang Zhidong rushed into the bathroom out of control. He vaguely remembered that Duan Yongji had the same face as now, but looking at it today, he couldn't feel angry at all.

He shook his head and waved to the side, and someone handed him a contract and a pen.

Wang Zhidong signed his name with a "swish swish" and handed the contract to the people from Yike Investment. Then he smiled at Duan Yongji and the directors who were watching him on the stage, took two steps back, and stood Behind Fang Zhuo.

Neither Sina nor the media present understood what this meant. What did they sign?Why did you shrink back again?
Fang Zhuo also took a document, filled in a number and signed his name, and then asked someone to pass the notification letter to the stage. After watching Duan Yongji start to read it, he said loudly: "Eco Investment acquired the original 16.83% of the shares. Mr. Wang Zhidong’s 1.02% shares, in accordance with the regulations of the US SEC, I wrote to Sina in person to notify.”

Duan Yongji glanced at the official letter, put it aside, and said with a sneer: "The purpose of buying shares with ulterior motives is to be a dog for MIGA?"

He not only reprimanded sincerely, but also acted to seize morality in front of the media.

Fang Zhuo didn't reply.

Duan Yongji had the feeling of scolding Wang Situ angrily before the battle, and then looked at Davis of MIGA Fund, his voice slowed down: "Mr. Davis, does MIGA Fund invest in Sina without considering the holding value?"

"Whether it is a forced acquisition, or who you are bewitched by, the current situation is not good for MIGA."

"Do you think Sina will give in so easily?"

"What's the trouble with both sides hurting?"

"We can sit down and talk."

Fang Zhuo let out a "tsk", he was a "dog dog" when he talked to himself, but he was very orderly when he talked to Davis, so he treated him differently.

The employees of Yike Investment brought back a microphone.

Fang Zhuo took the microphone and spread the words across the audience without being too loud, old-fashioned:

"I'm very glad Mr. Duan was able to hold Sina's EGM so soon, but I don't like the tone of your words just now."

Another director said impatiently: "Boss Fang, what do you want to do?"

Duan Yongji ignored Fang Zhuo, and still tried to talk to Davis: "Mr. Davis, what is the appeal of the MIGA Fund? Why does it have to hold a shareholders' meeting? I don't think it takes so much trouble to deal with each other."

His recent headache is that the MIGA Fund has been reluctant to communicate much, and only emphasizes the requirements of the extraordinary general meeting.

Davis glanced at the boss, and finally said: "The MIGA Fund has two requirements. One is to explain the cooperation between Sina and Sunshine Culture, and the other is to re-elect the board of directors."

The white man said in fluent Chinese: "This is what Mr. Fang means."

Duan Yongji was fine when he heard the first one, but frowned when he heard the second one, and angrily reprimanded again: "Fang Zhuo, what are you bewitching behind your back!"

This time, Fang Zhuo didn't need to speak, Davis said directly: "The MIGA Fund was created by Mr. Fang. Regarding Sina's proposal, everything that Mr. Fang said shall prevail."

The buzzing discussion in the conference hall suddenly became silent.

Everyone didn't seem to hear what Davis said.

The MIGA Fund was...created by Mr. Fang?
Hasn't the MIGA fund been running for many years?
Many people were stunned, and then realized the meaning of the explosion represented by this news. If the MIGA fund belongs to Fang Zhuo, then many factors of private equity operation previously considered will have to be reconsidered!

At the same time, Yike Investment's holdings and MIGA Fund add up...

Wang Yan on the stage heard Davis' words, looked at the positions of the group of people, looked at Fang Zhuo at the front, looked at Davis and Feng Bing who were one body behind, and looked at the group of foreigners behind. .

He was stunned all of a sudden!

MIGA Fang Zhuo?Yike Fangzhuo?
confluence?

Where did the confluence come from? !

Wang Yan has been in contact with Fang Zhuo for the longest time. He personally introduced his Yike investment to Sina, personally informed him of the change of Sina's board of directors, and personally went to him to discuss temporary proposals...

He was stunned, all kinds of thoughts ran wildly in his mind, his face was blue and red, and the words he had heard in many meetings resurfaced in his ears.

——"I'm thinking about building a portal website recently."

——"If Mr. Wang is ashamed, then I will go to Sina as the CEO and let Mr. Wang be the head of my Yike."

——"It is Sina who refuses to follow."

Different occasions, different tone of voice, different facial expressions, all of them are this shameless bastard in front of him!

Fang Zhuo is not joking!

What he was riding on was telling the truth openly to his face!
In front of my face...

Wang Yan's blood surged, and he stared blankly at the young president of Yike, the young founder of MIGA Fund, and the young largest shareholder of Sina.

The CEO of Sina couldn't hear what the people next to him were saying, nor could he hear what the people below were talking about. Lightning flashed and thundered in his mind, and he strung together the images he saw today.

Fang Zhuo's appearance outside the hotel...

His smile when facing himself when he commented on Wang Zhidong...

All kinds of remarks he made after entering the venue...

Wang Zhidong signed the share transfer contract...

All the pictures were put together into one conclusion. I misunderstood that the mastermind behind all these acquisitions was not Wang Zhidong, the founder of Sina, but a knife and a card in Fang Zhuo's hand!

How could someone like Fang Zhuo invite the founder back when he took over Sina?
How could such a despicable, tolerant and deep person like him tolerate the appearance of a titular emperor after spending so much effort!

Got it, totally got it!
Wang Yan took a deep breath, shocked by Fang Zhuo's deliberate deliberation, annoyed by his unintentional complicity, and disturbed by the situation Sina is facing today.

The shares of MIGA Fund after additional issuance are 16.67%, and Yike Investment is now 17.85%, totaling 34.52%, which has exceeded 1/3 of the shares required for a veto.

Sina's largest shareholder!
The largest shareholder with one veto power!
It is also the major shareholder with the largest shareholding that Sina has never had since its establishment!
There is also 5% of the shares that Duan Yongji transferred through his own introduction...

Wang Yan understood.

Wang Yan shut himself up.

Just as the CEO of Sina was clarifying the matter, Duan Yongji, the co-chairman, also quickly realized the seriousness of the matter. Is the MIGA fund owned by Fang Zhuo?

Are MIGA Fund and Yike Investment not two individuals?
Then how did the two of them disintegrate?

Duan Yongji's face was serious, as he was an old Jianghu who had been around for many years, he immediately suppressed the shock in his heart, and said angrily: "Fang Zhuo, you created the MIGA Fund?"

Fang Zhuo nodded easily and found a seat to sit down.

A group of people from MIGA Fund, Yike Investment, and Cadwalader Law Firm sat down after clattering.

Duan Yongji was silent for three seconds, grasping the key point of breaking the situation: "The shareholding operation of MIGA Fund and Yike Investment is against the rules, Fang Zhuo, do you think you can cheat the world by doing this?"

Fang Zhuo shrugged. He took the microphone and didn't speak, just playing.

Lawyer Martin, who had just sat down, stood up, followed by another interpreter.

Martin is proficient in Chinese, but he believes that the occasion must be authoritative, so he has an interpreter.

"I'm Martin, a lawyer at Cadwalader Law Firm in New York, and I'm in charge of the acquisition of Sina by Yike."

"As the most famous business lawyer in New York, I would like to solemnly declare that all actions of my client Fang Zhuo operate within the framework of the SEC's permission. He has made an acquisition statement to the SEC and obtained permission."

"This is the acquisition clearance letter from the SEC."

He took out the prepared documents and motioned to hand them to the stage.

Foreign lawyers, Chinese translation, official permission letter, and the compliance statement from the No.2 lawyer standing up.

Everything proves that MIGA Fund and Yike Investment are well prepared!

It proves that Fang Zhuo came prepared!

Duan Yongji looked at the English documents with a livid face, and he had already verified this matter in his heart. If Fang Zhuo dared to come like this today, he was well prepared for the procedures.

The "Poison Pill" has failed!

The private placement made Fang Zhuo a wedding dress!
Duan Yongji unconsciously glanced at Wang Yan, who strongly suggested to introduce Yike Investment to the company's board of directors.

The co-chairman weighed in his mind, took the microphone, and for the first time looked at the young man from Yike so squarely, and said firmly:
"I will appeal to the SEC, Fang Zhuo, whether it is true or false, you cannot deceive anyone!"

Fang Zhuo said flatly: "Now, immediately, immediately, appeal."

The next moment, his voice was suddenly cold: "Duan Yongji! As the largest shareholder of Sina, I review Sina's performance in the past year and strongly question the cooperation between Sina and Sunshine Culture promoted by you!"

"I don't think Sina's board of directors can protect shareholders' rights!"

"I think Sina's board of directors is harming shareholders' interests!"

"Now, I demand that Wu Zheng's board seat be revoked immediately!"

"Immediately terminate the cooperation with Sunshine Culture!"

"Immediately revoke Duan Yongji's position as co-chairman!"

"Immediately re-elect Sina's board of directors that can protect shareholders' rights!"

"Duan Yongji, now! Immediately! Immediately!"

There were almost echoes in the conference hall, and the voice of Sina's largest shareholder echoed throughout the audience.

Everyone heard the request, but they didn't expect the conflict to be so sharp, and they didn't expect Fang Zhuo to sweep the board of directors so fiercely.

In an instant, the loud objections of the directors, the loud discussions of the executives, and the shocking discussions of the shareholders all rang out at the same time!

The conference hall exploded!
　I'm home, three o'clock tomorrow.

　　
　
(End of this chapter)