HPDBC Chapter 288 Share Transfer
Chapter 288 Share Transfer
Chapter 288 Share Transfer
"Hello, Mr. Ma, this is Wu Tao."
"Mr. Wu, is something the matter?"
"Um, regarding the transfer of 30% of Jinhui Technology's shares, Mr. Ma, are you interested?"
"Mr. Wu, you're not kidding, are you?"
"Mr. Ma, I'll only say this once: my asking price is 350 million. If you're willing, we can meet now to discuss the equity transfer. If you're not willing, I'll contact someone else immediately."
"Okay, Mr. Wu, wait for me, we'll meet right away."
Mr. Ma's excitement was palpable even over the phone.
The other party had long wanted to invest in Jinhui Technology, but Chen Jingyin and Wu Tao had always been wary of other capital entering the market.
Jin Hui Technology is the result of ten years of hard work by Chen Jingyin and the original owner of the body.
Jin Hui Technology, now valued at one billion yuan, has 40% of its shares held by Chen Jingyin and 30% held by the original owner.
Two investment banks hold 10%, senior management holds 10%, and the remaining 10% is traded on the market and held by retail investors.
Previously, the original owner and Chen Jingyin together controlled 70% of the shares, which allowed them to firmly control the company's major decisions.
Now that Chen Jingyin has chosen to force Wu Tao to leave, he will naturally no longer hold onto those 30% of the shares.
As for why they sought out Mr. Ma, it's because he is Jin Hui Technology's rival.
With Wu Tao's 30% stake, I believe Mr. Ma can accomplish many things.
Wu Tao chose Mr. Ma because only he would be willing to pay a premium of 50 million to acquire shares worth 300 million.
Wu Tao didn't need to guess to know how Chen Jingyin would be in a terrible predicament after Boss Ma got those 30% of the shares.
This has nothing to do with Wu Tao. If it were the original owner of this body, who was obsessed with love, he probably wouldn't have hurt Chen Jingyin even if he was humiliated by her.
This is why Chen Jingyin, even though she guessed that this would hurt the original owner, was still not afraid of what the other party might do.
It has to be said that both Chen Jingyin and the original owner of this body are love-obsessed, and it is because of their similar personalities that they have been able to stay together for so many years.
For the same reason, Chen Jingyin once again fell in love with her assistant, Mei Jibo, despite everything else.
Unfortunately, Wu Tao wasn't as love-obsessed as the original owner; he preferred to throw parties over the corpses of his enemies.
Chen Jingyin probably never dreamed that Wu Tao would turn around and sell his shares to a competitor.
We should also thank Chen Jingyin for her love-struck mind. When the two started their business, Chen Jingyin offered to give Wu Tao 40% of the shares in order to show her sincerity.
The original owner didn't want it, but in the end, Chen Jingyin forced the original owner to sign the contract.
After several rounds of financing and listing, the original owner was able to retain 30% of the shares.
Fortunately, during this breakup, the original owner did not actually choose to give up the shares.
Wu Tao met with President Ma at the club, and the two hit it off immediately, making the negotiations go smoothly.
Mr. Ma is eager to acquire shares in Jin Hui Technology so that he can take the opportunity to launch a merger plan. Naturally, he will not spend too much time arguing with Wu Tao over 50 million.
If other competitors join the fray, things could get complicated, and the consequences could be dire.
Mr. Ma has already communicated with the two investment banks privately several times. If he hadn't been unable to win over Wu Tao, he would have launched an attack long ago.
They acquired the shares held by Wu Tao, plus the 10% stake from the two investment banks, and then acquired some more shares on the market. Two of Jin Hui Technology's senior executives were also willing to sell their shares.
With this arrangement, Mr. Ma will immediately become the largest individual shareholder of Jinhui Technology, potentially exceeding 51%. At that point, he can directly request to become the president at the board meeting.
Chen Jingyin will have no choice but to resign from her position as president. As for the 40% of shares she holds, President Ma has ways to make them worthless.
In this way, Mr. Ma not only eliminated his biggest competitor, but also made hundreds of millions of yuan.
It must be admitted that Mr. Ma's plan was perfect; without Wu Tao's cooperation, Mr. Ma could not have accomplished it.
Wu Tao had calculated that President Ma was willing to spend a large sum of money to acquire Jinhui Technology, which is why he chose to meet with President Ma immediately.
Three hours later, both lawyers had fully reviewed the details of their respective contracts and transactions.
Just before the bank closed, Mr. Ma transferred 350 million yuan into Wu Tao's personal bank account.
Wu Tao and President Ma held a celebration party at the club that evening, and of course, only those who had participated in the negotiations that day were present.
Mr. Ma didn't want to alert the enemy now; his plan would only be revealed to Chen Jingyin at the very end.
Chen Jingyin wasn't completely clueless; she was just too confident in Wu Tao's feelings for her.
At the same time, in another club in Beicheng, Chen Jingyin, Lin Shihhan, and Gu Yanqing were also celebrating.
Besides her three best friends, there were also many friends from the entertainment industry. Mei Jibo was beaming with pride as she accepted everyone's congratulations.
However, many people showed a hint of disdain and sarcasm in their eyes. They found it hard to understand why Chen Jingyin would abandon Wu Tao, who had worked hard alongside her.
Looking at Mei Jibo, who looked like a pretty boy, everyone casually offered their congratulations, but inside they were practically laughing their heads off.
As expected, those without substance become arrogant and complacent when they first rise to a high position. It's unbelievable that Chen Jingyin, who seemed so intelligent before, would abandon her boyfriend, who could truly help her, for such a pretty boy.
"Jingyin, you really broke up with Wu Tao?"
Lin Shih-Han couldn't wait to ask the question as soon as she sat down, as if it were a very important one.
Not only Lin Shih-han, but even the usually aloof Gu Yan-qing stared intently at Chen Jing-yin.
Chen Jingyin didn't feel anything was amiss, after all, she already knew that Lin Shihhan and Gu Yanqing had never given Wu Tao a second glance.
That's why she's holding this celebration party today—to tell everyone that she and Wu Tao have broken up.
Compared to Wu Tao, who only graduated from high school, Mei Jibo, a returnee from studying abroad, is a better match for her.
"Yes, he was fired today. From now on, I'm the one who calls the shots at Jinhui Technology."
As Chen Jingyin spoke, she happily raised her wine glass, waiting to receive congratulations from her two good friends.
No sooner had Chen Jingyin finished speaking than Lin Shihhan and Gu Yanqing found an excuse to leave.
Chen Jingyin stared in surprise at the backs of her two best friends as they hurriedly left. Mei Jibo walked up to her, but Chen Jingyin didn't react at all.
"What's wrong, darling? Why are you spacing out? Miss Lin, where's Mr. Gu? Why aren't they with you?"
"No, they said it was an emergency."
Mei Jibo asked twice before finally rousing Chen Jingyin from her daze.
She answered Mei Jibo casually, but suddenly felt a tightness in her heart, as if she had finally realized something.
Chen Jingyin grabbed her handbag and ran outside, with Mei Jibo quickly following.
Many people in the reception hall saw it, but no one came over to ask.
Everyone was whispering among themselves, seemingly enjoying the spectacle.
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