Wang Guanxi walked to the stage with big sunglasses, glanced at everyone, and opened it: "I am the boss here now. I announced that all the executives of Yonglong Insurance have been demoted to half of their positions. Your positions will be temporarily taken by the executives of Catal Auto Insurance. When you perform well that day, you will become a regular person. Do you understand?"

"I understand the boss." Everyone was still quite afraid of this mysterious boss. He wore big sunglasses and his momentum was extremely terrifying. You can imagine the cold and ruthless face under the sunglasses.

"Well, just understand." Wang Guanxi looked at everyone and pondered in his heart.

There should be a lot of borers in this Winglong Insurance, otherwise I wouldn't have bought such Indy Mac Bank bonds.

Thinking of this, Wang Guanxi said again: "It turns out that the executive of Indymike Bank will resign within three days."

"Okay, the meeting ends"

Then everyone left.

Wu Zhankun came to Wang Guanxi and said, "Oh, I'm finally relieved."

After saying that, he looked at the conference room a little reluctantly.

Wang Guanxi suddenly spoke: "Brother Zhan Kun, you should continue to serve as a director."

Wu Zhanhai said without thinking: "Okay!"

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

"Zhankun, we will work together from now on, haha," Zhang Youde smiled.

In fact, he has been very miserable recently. His company went bankrupt and suffered huge losses. After he sold Catalan Auto Insurance to Wang Guanxi, Wang Guanxi gave him a salary and asked him to serve as executive director. This is also quite good.

Wu Zhanhai was also very unlucky and the company was gone. Fortunately, it was sold in time and sold at a price that was acceptable.

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

As the executive director of Yonglong Insurance, he still has an additional salary, which is not bad. He usually helps Wang Guanxi manage the company.

Yonglong Insurance is a pit, let Wang Guanxi do it. Debt problems and insufficient solvency ratio are all left to Wang Guanxi for handling.

Anyway, he thought about it carefully. He is not short of money when he is in the future. His cousin Wu Zhanhai still owes him 100 million.

He was a little tired when he continued to work in the insurance industry, especially after cheating the Indymike Bank in the United States, he suspected that he had lived. Let's have a good time during this period.

At this time, Wang Guanxi said: "Convene a shareholders' meeting and announce the privatization and delisting of Yonglong Insurance."

"OK"

Then a shareholders' meeting of Yonglong Insurance Company was held.

Wang Guanxi did not attend the shareholders' meeting, but divided the shares into 6 shares and authorized them to Rang Wu Zhankun, Zhang Youde, Mu Honglie, Chen Xuezhen, Wei Weicheng and Huang Shaokai, allowing the six to attend the shareholders' meeting of Yonglong Insurance.

A representative from Asia Financial Holdings also attended the shareholders' meeting.

At the shareholders' meeting, 60% of the votes were announced to privatize Yonglong Insurance Company and forcefully acquire stocks in the market.

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

"Bastard, I'll go there right away"

"Wu Zhankun really found a fund owner and jointly targeted me and refused to let me acquire it."

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

In the conference room, Chen Tianqing firmly opposed the privatization of Yonglong Insurance Company. He still holds 20% of the shares, and this time he suffered a heavy loss!

He was intercepted by Catalan Automobile.

Not only can we not acquire Yonglong Insurance at a low price, but we have smashed the stocks too low because of the market price, resulting in huge losses.

This time I lost my wife and my army.

However, opposing privatization is useless, and Yonglong Insurance still needs to be privatized.

The purchase price of Wang Guanxi's mascots' privatization is the market price, 0.5 yuan per share!

It will be announced tomorrow.

Chen Tianqing firmly opposes Catalan Auto Insurance’s privatization of Winglong Insurance at market prices!

Claiming to split Yonglong Insurance Company and auction assets.

However, it was useless and the objection was invalid. Wang Guanxi's mascots still resolutely privatized the price of 0.5 yuan per share at the shareholders' meeting.

At this time, Chen Tianqing said he wanted to sue and refused to sell stocks at a price of 0.5 yuan per share!

If he doesn't sell stocks, Wang Guanxi has no choice. The so-called forced acquisition does not mean that he can forcibly acquire the other party's shares without the consent of the shareholders.

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

So negotiations were held.

Chen Tianqing said, "Call the financial backers behind you to come out and talk to me."

At this time, Wang Guanxi walked into the conference room and smiled and said, "Old Chen, don't be fine."

"Damn, Wang Guanxi, it's you." Chen Tianqing's face changed immediately. Unexpectedly, it was Wang Guanxi who was operating behind the scenes. The large-scale purchase this morning must have been done by Wang Guanxi.

When Zhang Dexi of Catal Auto Insurance appeared in the conference room, he guessed that it was Wang Guanxi behind him.

"Old Chen, it's important for us to talk about the serious matters directly." Wang Guanxi thought for a while and said, "Old Chen, it's only a price of 0.5 yuan."

"It's useless for you to hold 20% of the shares. I tell you that Yonglong Insurance will soon be delisted, and then never go public, and never pay dividends. It's also waste paper if you hold these 20% of the shares."

Chen Tianqing firmly said: "No, this price is too low. I will sue the court, apply for disbanding the company, and then auction the assets."

If serious difficulties occur in the company's business management, and its continued existence will cause significant losses to shareholders' interests. If it cannot be resolved through other means, shareholders who hold more than 10% of the voting rights of all shareholders of the company may request the court to dissolve the company.

That's the case now.

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

Wang Guanxi persuaded: "Old Chen, don't be so stubborn. It's useless and cannot be dissolved. Even if you file for bankruptcy, Yonglong Insurance is insolvent now, and you can't get a penny."

Chen Tianqing lost, he lost. He refused to admit defeat and he could not dissolve the company. However, Wang Guanxi was eager to privatize Yonglong Insurance and turned into a 100% holding company, and then it was convenient to mobilize all funds so that the funds could be circulated with each other.

However, it was hindered by Chen Tianqing.

"Old Chen, I'm serious, Yonglong Insurance will be delisted forever and will never distribute dividends. You should sell stocks, it's useless."

In the future, Yonglong Insurance will make a lot of money, so you can’t always avoid dividends.

Chen Tianqing holds a 20% stake in Asia Insurance and cannot be forced to acquire it unless he agrees.

Chen Tianqing: "Wang Guanxi, you are so ugly that you actually intercept me behind your back. I don't care. Anyway, I can't get Yonglong insurance, so you don't think so. I'd rather it go bankrupt."

Speaking of this, Chen Tianqing was so depressed and angry!

Unexpectedly, Wu Zhankun joined forces with Wang Guanxi to deal with him.

All his efforts eventually became Wang Guanxi's wedding dress, and he couldn't swallow this anger in his heart!

Wang Guanxi thought for a while and said, "Old Chen, tell me, what price do you want?"

He was not worried that Chen Tianqing would not sell it, it was just a matter of price.

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

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

Everyone understands what Yonglong Insurance looks like now, and it is not worth the price at all.

Chen Tianqing asked, "Then how much did you say?"

He knew that Wang Guanxi was eager to privatize Yonglong Insurance Company and swallow this piece of meat. After all, Yonglong Insurance still has 3 billion assets. Although the debt is 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 why he wanted to acquire Yonglong Insurance. His Asian finance is rich and has a lot of cash, which is enough to solve the problem of Yonglong Insurance. But he never expected that Wang Guanxi came out halfway and picked his peaches.

At this time, Wang Guanxi quoted and said, "Old Chen, I'll give you 0.6 yuan per share for your 20 million shares."

0.6 yuan per share, which is also HK$12 million.

Chen Tianqing objected: "0.9 yuan"

"0.7" Wang Guanxi continued to bargain and said: "0.7 yuan is the highest, and it cannot be increased any more. Lao Chen, if you don't agree, I can only delist first."

"0.8" Chen Tianqing's tone was a little weak.

"0.75, Lao Chen, if you don't sell it, I will disband the company and reorganize it and split it up." Wang Guanxi said seriously, "I will give you 5 minutes to consider it. This Yonglong Insurance is a pitfall, and only I can go ahead. If you give you this price, if you don't agree, I will break up the reorganization company."

Chen Tianqing was confused and didn't speak.

At this time, Zhang Dexi, who was standing by, reminded: "Old Chen, this 20% of the shares is controlled by Asia Financial, and Asia Financial Holdings is not your own company. At that time, we will go to other shareholders of Asia Financial to see if they support you."

When Chen Tianqing heard this, he sighed, finally agreed and said, "Okay, then it's 0.75 yuan per share."

After the agreement was reached, Wang Guanxi paid Chen Tianqing's Asian Financial Company HK$15 million, and Catal Auto Insurance acquired another 20% of the shares, holding a total of 80%!

Then Catalan Auto Insurance announced that it would acquire 20% of its shares at a premium of 50% and at a price of 0.75 yuan per share.

The next day, July 18th, Friday.

The stock price surged from 0.5 yuan to 0.75 yuan per share, freezing here.

Retail investors also sold their stocks.

Because you don’t sell, once the company is delisted and is not listed, you will not be able to continue trading stocks.

Wang Guanxi specially prepared HK$15 million to acquire the 20% stake in the hands of retail investors, completed the privatization of Yonglong Insurance, and delisted.

This time, the acquisition of Winglong Insurance cost a total of HK$106 million, and the Black Shirt Group has HK$4 million left, which happened to be injected into Winglong Insurance.

In the afternoon, in Yonglong Insurance Company and the president's office, Wang Guanxi carefully flipped through the balance sheets of the two insurance companies.

Currently, Winglong Insurance is insolvent.

"It takes a lot of cash to cash out and then let the insurance company make money!"

"Yonglong Insurance holds many stocks of companies, and the books are all filled with floating losses. Let me first see which stocks should be sold? What stocks should be continued to be held!"
Chapter completed!