We're building a super chaebol in Hong Kong
#15 - Want to seize power? I will privatize the group!
"As the group's controlling shareholder and sole heir, I have the right to veto any decision. Therefore, I oppose Uncle Yang's proposal. No one is qualified to sit in the chairman's seat except me!" Since they were being so blunt, Su Cheng wasn't afraid to tear off the pretense.
Instantly, the entire conference room fell silent, so quiet that only everyone's breathing could be heard.
Everyone looked at the young man in front of them in disbelief. They hadn't expected Su Cheng to be so firm.
Zhong Chuhong looked at Su Cheng beside her with adoration. So domineering! So handsome!
"Little Cheng, have you thought this through? Since Chairman Su's passing, our group's stock price has been falling. Now, after much effort on my part, the stock price has finally stopped declining. I have extensive management experience. If I manage the group, it will definitely develop in a positive direction. As a major shareholder, you will only receive more dividends. If you were to take the helm of the group, I really couldn't bear to see the Su Group, which your father worked so hard to build, be destroyed in your hands!" After a while, Yang Zhao finally spoke again, as if he were truly doing it for Su Cheng's own good.
Su Cheng found it hilarious. Ye Mei had said similar things before, hadn't she? They all just wanted to control the Su Group.
Yang Zhao only owned 12% of the shares, destined to never become the owner of the Su Group. However, if he were in power, he could use his position to seek benefits for himself. The result would simply be stealing Su Cheng's money.
Therefore, Su Cheng would naturally not let him have his way.
A mere shareholder wanting to seize control of the Su Group's leadership was simply a pipe dream!
"That's my business, and it's none of your concern. Although the Su Group is a public company, it's actually a family business. As the sole heir to the Su Group, it's my inherent right to be in charge. Even if I bankrupt the group, that's my business. As for you, if you're unhappy, you can sell your shares, and I'll buy them!"
"Oh, and a friendly reminder: if you want to sell your shares, do it as soon as possible. I'm buying stocks at only three-quarters of the market value. If you only want to sell after some time, and the group's stock price continues to fall because I'm in charge, don't blame me for buying them at the latest price. Of course, if you don't want to sell, I don't care either. Anyway, the shares are yours, and you can decide what to do with them, just like the Su Group is mine, and I can do whatever I want with it!"
Su Cheng swept his gaze across the entire conference room, chuckling.
Originally, before he came to the Su Group, he had planned to simply hold the position of chairman and hire an experienced CEO to manage things. He would occasionally offer suggestions for the group's development, and the Su Group would definitely gradually develop. After all, he carried a powerful intelligent AI in his mind.
As for the other shareholders or senior executives, they could temporarily maintain their original positions.
But from the moment they started thinking about seizing power, Su Cheng had already changed his original plan.
Such shareholders would only hold him back. What use were they?
Moreover, if he developed the group, Yang Zhao and the others would simply be reaping the benefits.
Therefore, Su Cheng had the idea of recovering the shares.
Now, after several rounds of declines, the Su Group's total market value had already fallen from more than 300 million to around 250 million Hong Kong dollars.
If he acquired the shares in their hands, it would be easy for Su Cheng.
As for why he said he would acquire them at three-quarters of the market value, it was because Su Cheng was sure of them.
Now, the Su Group's situation was, to put it bluntly, known to everyone in Hong Kong who paid attention to the stock market.
No one was optimistic about such a Su Group because it had lost Su Tianhe, the soul of the Su Group.
In the eyes of many people, the Su Group without Su Tianhe was worthless.
In this situation, who would buy their shares?
Even if they sold them cheaply on the stock market, no one would pay for them!
Because the shares they occupied were too few. Even if they bought them, they couldn't take control. What use were such Su Group shares?
The people on the scene couldn't sit still now. More than a dozen people said a word or two, and the entire conference room was like a vegetable market.
"How could such an outstanding and wise person like Chairman Su give birth to such a son? It's really a sin!" one shareholder exclaimed.
"Yes, are we just going to watch the Su Group go from its peak to decline? I've been a shareholder of the Su Group for 10 years, and I really can't bear to watch this!" Another shareholder also seemed to be swallowing his tears.
As for Yang Zhao, he was silent at this time.
He hadn't expected this outcome either.
In his expected outcome, under the pressure of everyone, Su Cheng, who was young and had no social experience, would be persuaded to agree to his proposal. Then, under his management, the Su Group would gradually be swallowed by him. In the end, only an empty shell would be left for Su Cheng. Perfect!
However, now it seemed that everything had become a pipe dream.
Because if Su Cheng didn't agree, all his efforts would be useless.
Before this, he had promised a lot of benefits to the other three shareholders in order to get them to support him.
"You, can you really buy the shares in my hand?" At this time, Yang Zhao suddenly spoke.
Maybe one day, the shares in his hand would become a pile of waste paper. By that time, it would be too late to regret it.
Therefore, it was better to sell it while he could!
With the money, he could decide whether to continue starting a business or live comfortably as a wealthy man. Wouldn't that be great?
Having figured out the pros and cons, Yang Zhao didn't think so much.
"Buy! I'll buy whatever you want to sell. The funds I have on hand now are enough to buy your shares. Of course, if I spend all this money one day, you won't be able to find anyone to buy them even if you want to sell them." A smile appeared on Su Cheng's face.
He was sure of them. Faced with a seemingly reckless self, they would definitely not dare to keep the shares.
"If Chairman Yang sells, I'll sell too!" Another shareholder said.
"I'll sell too!"
"I'll sell too!"
"Since you're all selling, I won't keep it either!"
Several shareholders successively wanted to sell their shares.
At this time, in their eyes, the Su Group had no future, so they should leave the market as soon as possible!
And Su Cheng had already planned to absorb all the retail investors' shares from the stock market after acquiring the shares in their hands.
Finally, completely privatize the Su Group!
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