Reinventing the Millennium.

Chapter 296 Never Surrender (Two in One)

Shocking waves!

Boiling against the sky!

Deafening!
The fierce speech from the largest shareholder since the establishment of Sina shocked everyone present.

The entire conference hall presents two diametrically opposite pictures.

The directors on the stage were filled with righteous indignation, and the chairman Jiang Fengnian, who had been silent all this time, couldn't help but speak, but his words were drowned in the noisy discussions of the larger Sina middle and high-level executives, shareholders and shareholders' trustees.

Fang Zhuo's side sat on the left side of the stage, and they all waited patiently for the scene to quiet down without saying a word.

Duan Yongji watched this scene, and the anger in his heart suddenly cooled down for a short time.

Different people's different performances in the face of critical moments can often determine the direction of many things.

At this time last year, the founder, Wang Zhidong, faced his dismissal, and went into the bathroom for half an hour. That is, during this half hour, Duan Yongji took the opportunity to launch a vote, and did not give him a chance to speak again, resulting in the established fact of the number of votes.

How similar is it at this moment?
However, Duan Yongji, who has gone through the ups and downs, is not Wang Zhidong. He didn't even sigh for a second, and quickly thought about the current situation and opponents.

Today is different from last year. Even though Fang Zhuo got 34.52% of the shares today, he is still a minority, and there is no big series before forcing the palace like last year.

only……

This guy is fucking sitting in the Sina office and participating in a lot of board discussions!
Duan Yongji scolded his mother in his heart, and unconsciously glanced at Wang Yan again, this time he got the other's innocent eyes.

The co-chairman suppressed the unavoidable doubts and decided to change the previous strategy. Sunshine Culture must be preserved, Wu Zheng must be preserved, and they must die!

The meeting hall gradually fell silent.

Duan Yongji looked at Fang Zhuo.

Fang Zhuo also looked at Duan Yongji.

Duan Yongji's voice was very steady, and he didn't feel flustered at all by the other party's clang:
"Fang Zhuo, you are thinking hard."

"You took great pains."

"You rack your brains."

"If you can't build your own website, you will try to steal Sina's achievements!"

"Sina's board of directors will never give in!"

Duan Yongji slammed the table and gave a strong statement.

He faced up to this young man whom he regarded as a junior like never before, and because of this, he knew the weakness of the other party, he was still a little younger, and it was difficult to convince the public.

Sina has almost always been in a state of dispersed ownership. The reason why they can get together and kick out the founder is that there is a person with a status in the rivers and lakes who can control the field.

The other party's equity is only more than 1/3 instead of more than half. It is impossible to force the proposal through, but it is indeed too big to drop. Now it is necessary to deter this young man before talking slowly.

Duan Yongji had a quick mind, and at the same time, he considered that Fang Zhuo's previous words were different from Davis' two requirements, and it might be a battle of emotions.

He clearly remembered that Davis' request was "explain the cooperation between Sina and Sunshine Culture" and "re-elect the board of directors", which was different from Fang Zhuo's words.

Fang Zhuo in the audience sneered when he heard such accusations.

He asked back: "I am a major shareholder of Sina. You are neither the chairman, nor the president, nor the CEO. Why do you represent Sina?"

Fang Zhuo called him by his first name: "Duan Yongji, you have to talk to me from your shareholding position!"

Duan Yongji was so angry that others didn't know, but he knew that the other party's holdings included the shares he had transferred, and because of this operation, he couldn't participate in the additional issuance this time, and his holdings were weakened in disguise.

He forcibly calmed down, meditating in his heart, a battle of spirits, a battle of spirits.

Fang Zhuo looked at the other directors on the stage again, and said by name: "Mr. Jiang, you are the chairman. Doesn't the largest shareholder have the right to know about the company's major events?"

He continued unceremoniously: "Mr. Mao, you are the president of the company. Why didn't you explain the cooperation situation to everyone at the general shareholders' meeting on the 10th? Is there any benefit transmission here?"

Fang Zhuo went on to roll the roll: "Mr. Wang, you are the CEO of the company..."

Wang Yan, who finally came back to his senses, heard his name, calmly, and accepted the question.

However, Fang Zhuo paused halfway through speaking, and changed his tone to a gentler one: "Mr. Wang, you should know the situation."

This time, all the directors on the stage looked at Wang Yan, why did they treat him differently?

The executives and shareholders in the audience also looked at the CEO, thoughtfully, oh, this may be a gang.

Wang Yan was stunned for a moment, but when he wanted to speak out, he saw that the other party had changed.

Fang Zhuo's fourth and last person was Wu Zheng. He didn't feel angry or raised his voice. He just said lightly: "Mr. Wu, the shareholders' meeting didn't explain the situation, but I believe you and I know the Sunshine culture in our hearts. The success or failure of cooperation with Sina, is there any point in continuing?"

Wu Zheng remained silent, his eyes avoiding Fang Zhuo.

Fang Zhuo commented: "If I were you, I would be ashamed to sit on it."

He added another sentence: "Mr. Wu, do you think it's just I, Yike Investment, who are dissatisfied with this cooperation?"

Wu Zheng stood up all of a sudden, looking at Fang Zhuo.

Duan Yongji next to him grabbed Wu Zheng's arm at the right time. He knew that this Xiangjiang guy had a soft temper, so he had to pull him up, or he would be run off by Fang Zhuo.

"Fang Zhuo, what wildness are you doing here!" Duan Yongji also defined Fang Zhuo as wildness rather than commercial behavior in his words, "Your proposal cannot pass!"

Fang Zhuo stretched out his hand, took the handed document, and threw it on the table with a "snap".

Unlike lip service, this is a formal proposal with legal protection.

"cast!"

"Vote for me now!"

"I'd like to see which shareholders don't even want to know about the important matters of their own company!"

Fang Zhuo coaxed the other shareholders present in words.

This is righteousness.

Someone made a similar request at the shareholder meeting on the 10th, but was reprimanded by Duan Yongji at that time.

But Duan Yongji can push back that small shareholder, Fang Zhuo will not accept that today.

Duan Yongji's eyes froze for a moment, Fang Zhuo even made a formal proposal, he was not the kind who made a big fuss, but the kind who wanted to see blood with a knife in his mouth!

There was a few seconds of silence in the conference hall, and then there was a low buzzing discussion.

Sitting on it, Duan Yongji could easily look around the audience, seeing that many small and medium shareholders were whispering to each other this time.

Just when he really felt something was wrong, the door of the conference hall at the end of his line of sight was pushed open, and someone came in.

Duan Yongji breathed a sigh of relief and got up to greet him.

The discussion atmosphere in the conference hall was interrupted by this action.

Considering the hostile takeover by foreign capital of the MIGA Fund, Duan Yongji specially prepared administrative side pressure for this extraordinary shareholders meeting, and invited the director of the General Office of the Ministry of Information Industry to attend.

For some unknown reason, Director Liu came late.

However, it’s better to come early than coincidentally. What was prepared for MIGA can also be used by Fang Zhuo. Young people are arrogant and domineering, so how do they know the influence of their status in the world.

Duan Yongji walked along the aisle, greeted Director Liu with a smile on his face, and shook the leader's hand firmly.

Director Liu explained in a low voice: "There is a traffic jam on the road, so there is no delay."

Duan Yongji also said in a low voice: "No, no, Director Liu, please."

Witnessing this scene in the conference hall, they knew that a leader was coming.

Because it has been more than a week since the MIGA Fund proposed to hold an extraordinary general meeting of shareholders, both the Internet and the print media have aired the argument that "foreign capital hostilely acquires domestic online news".

Therefore, it was not too unexpected that the leader was present, but everyone was shocked by Fang Zhuo's becoming a major shareholder and the sharp contradiction he showed.

At the same time, many people also recognized the leader of the field, the counterpart of the Ministry of Information Industry, Director Liu.

Sina's business involves news publishing, which must be under policy control, and it is also a factor that must be talked about in recent public opinion when it comes to hostile takeovers.

Regardless of deliberation or painstaking efforts, it is of course powerful to seize the opportunity to eat up Sina's shares.

However, the influence and docking on the administration is definitely not something that can be achieved simply by holding shares.

With the appearance of the leader, the directors on stage, some executives, and shareholders all calmed down from the storm brought about by Fang Zhuo's appearance.

Accompanied by Duan Yongji, Director Liu walked along the aisle. He felt that the atmosphere at the scene was a little tense, and he also saw a group of foreigners, which was all expected.

However, before reaching the first row, Director Liu suddenly saw a familiar face.

The leader stopped, and Duan Yongji also stopped.

Director Liu only took a second to confirm who this face was, hey, isn't this Fang Changyi from Shencheng?
When I accompanied Wu Bu to the company to inspect the company, I saw with my own eyes the inscription "Fengwuchangyi should look at the amount". Later, because of the relationship between the department counterparts, I went to inspect the construction of informatization in the medical field many times.

Director Liu's position is not only in the general office, but also in the information promotion department.

He greeted a little strangely: "Boss Fang, why are you here?"

Director Liu was puzzled, did Guahao.com have anything to do with Sina?Even if it is a player, it seems that it has no business relationship with Sina, right?And why is this guy sitting with foreigners?
"Director Liu." Fang Zhuo also stood up and walked to the side of the aisle. He shook hands with the leader naturally, "I am the major shareholder of Sina, so I should be here."

Director Liu was taken aback: "Sina's major shareholder? When did it happen?"

Fang Zhuo said with a smile: "It's been a while, and this extraordinary shareholders' meeting was held at my request, and some major issues involving Sina are unsatisfactory."

Director Liu was taken aback. He looked sideways at Duan Yongji: "Isn't it Ying MIGA Fund?"

Duan Yongji was also surprised by the acquaintance of these two people, he felt bad, so he didn't answer this question.

Fang Zhuo, the client, replied: "I founded the MIGA Fund."

Director Liu was taken aback three times, his heart fluttered with surprise, and he couldn't figure out the situation for a while, but since Duan Yongji didn't refute, it was impossible for Fang Changyi to lie to himself.

He realized that the situation had changed drastically, nodded slowly, and continued to move forward.

When he was sitting in the first row, the leader was puzzled. If the outside world is okay, this situation... business behavior, internal conflicts.

He couldn't help but look back, this time he saw not only the upright Fang Zhuo, but also another person he knew, that Wang Zhidong who used to always squat at the door of the unit.

Director Liu frowned, looked at Duan Yongji on the stage, and made up his mind to watch from the sidelines.

The atmosphere in the conference hall changed strangely at the two nodes when Duan Yongji shook hands with the leader and Fang Zhuo shook hands with the leader, from cloudy and rainy to hot and dull.

Duan Yongji returned to his seat and did not speak.

Fang Zhuo did not speak in the audience, however, he indicated that the lawyer Martin would come on stage and put the formal proposal in front of Chairman Jiang Fengnian.

"The board of directors cannot explain the company's major issues."

"There is no need for such a board of directors."

Fang Zhuo's harsh words turned into slanting wind and drizzle, but the meaning of the words remained unchanged.

The directors on the stage did not answer coldly, and the executives and shareholders in the audience remained silent.

The scene became deadlocked.

Fang Zhuo snorted coldly, picked up the microphone, stood up and looked around the conference hall, and asked, "Does anyone have any proposals?"

No one answered.

"Adjourn the meeting and vote tomorrow."

"If you can't vote tomorrow, vote the day after tomorrow."

Fang Zhuo put down the microphone.

A group of people behind him stood up and prepared to follow.

Duan Yongji's voice drifted down from the stage: "Fang Zhuo, stop thinking about it, it's impossible to pass!"

Fang Zhuo turned sideways: "It's useless to say, just vote, I'll see the result."

Duan Yongji sneered.

Fang Zhuo looked at this man's sneer, and said loudly: "If I can't vote for a result that I am satisfied with, I will ask MIGA to go to the court to apply for dissolution of the company after the shareholder meeting, and then continue to vote."

Shareholders holding more than 10% of the shares have the right to request the court to dissolve the company.

Duan Yongji said angrily: "How dare you!"

Fang Zhuo walked along the aisle to the first row, shook hands with Chief Liu, and replied politely before leaving.

"you try."

A group of people from Yike Investment, MIGA Fund, and Cadwalader Law Firm followed suit.

Suddenly, an area was vacated in the conference hall.

After the person left, the outrageous "try it" seems to be still hovering in the sky, highlighting the sharp conflict between the company's major shareholders and the board of directors.

The directors are silent, the executives cry, the villain roars, and Sina fluctuates.

……

The news of Sina's EGM could not be concealed at all, and soon spread throughout the industry, and it was also presented to those who paid attention to this matter.

The originally expected hostile takeover by foreign private equity turned into Fang Zhuo becoming a major shareholder of Sina and requesting the dissolution of the board of directors.

Everyone without exception was puzzled and shocked.

MIGA Fund is not a foreign investment at all?
Was it created by Fang Zhuo?

The other two of the three major portals were the most shaken.

Ding Lei from NetEase was waiting for news from Sina with great interest. Suddenly, he received information about MIGA and Fang Zhuo.
MIGA Fund not only holds Sina shares, it also holds 10.2% of NetEase!
In extreme shock, Ding Lei received a call from Sohu Zhang Chaoyang.

"Mr. Ding, MIGA belongs to Fang Zhuo, the same Fang Zhuo from Guahao.com, the same Fang Zhuo who met with CCTV!" Zhang Chaoyang couldn't hide the shock in his voice.

"I just found out." Ding Lei really couldn't express his mood.

"MIGA still owns 5.4% of our Sohu shares." Zhang Chaoyang couldn't help confirming, "It also holds a lot of NetEase shares, right?"

Ding Lei replied: "NetEase is very safe."

He holds more than half of the shares and is not afraid of hostile takeovers at all.

Zhang Chaoyang: "..."

Sohu and Sohu are relatively safe.

A few seconds later, he said, "Hey, I want to communicate with the board of directors, so that I don't even know that a knife has been stabbed in the head if I am approached!"

The call ends.

Ding Lei pinched his phone, thinking about the news he received, feeling like he was dreaming... Sina?Duan Yongji?Fang Zhuo?

During this period of Yongji hunting geese all day long, today the geese pecked at their eyes!

This Fang Zhuo is too arrogant!
　There is another chapter in the code.

　　
　
(End of this chapter)