Hong Kong variety show: I Am a Tycoon

Chapter 242 The Re-employment Tactic
After Wei Li created a company called Boni Island to acquire all the shares held by everyone, Chen Jiajun now controls 64.2% of the shares of China Power Company.

So they announced a shareholders' meeting and waited for the Kadoorie family members to arrive.

Several members of the Kadoorie family, including Laurence Kadoorie, came in person to see what tricks Chen Jiajun was up to when he suddenly convened a shareholders' meeting.

As soon as they entered the conference room, the members of the Kadoorie family were dumbfounded.

The fact that only a few people from Chen Jiajun's side were present in the conference room, which should have been packed with people, left the Kadoorie family somewhat puzzled.

Laurence Kadoorie, however, suddenly had a bad feeling.

"Wasn't it supposed to be a shareholders' meeting? Where are the other shareholders?" a member of the Kadoorie family asked, frowning.

Chen Jiajun, however, sat in his boss's chair, a cigar dangling from his lips, and said with a relaxed expression, "No need to wait any longer. All the shareholders of CLP Power are here. We can start the meeting now."

"The shareholders are all here, what do you mean?"

Laurence Kadoorie's pupils constricted as he stared intently at Chen Jiajun.

Chen Jiajun revealed a faint smile, the kind of smile that belongs to a victor, and said, "The literal meaning."

“That’s impossible! If you dare to violate the terms and illegally acquire shares of CLP Power, don’t blame us for taking it to the Securities and Futures Commission.” A young man from the Kadoorie family shouted.

Chen Jiajun impatiently picked at his ear and said with a disdainful look, "Who told you that I acquired shares in CLP Power? Longteng Fund still only holds 38% of CLP's shares."

Laurence Kadoorie said with a cold look in his eyes, "Don't tell me you're using such a low-level tactic as a shell company, or you'll be in big trouble."

Chen Jiajun said disdainfully, "Do you think I'm your stupid son?"

"What did you say?" Roland's son immediately widened his eyes and pointed at Chen Jiajun.

Chen Jiajun glanced at him and said coldly, "Kid, I advise you to take your finger back."

The idiot son of Lawrence was immediately terrified by Chen Jiajun's threat.

Seeing his son get the short end of the stick, Roland said impatiently, "We are also shareholders of CLP Power, and we have the right to know what happened."

Chen Jiajun didn't speak, but Wei Li stood up and said, "Mr. Jiali, the other shareholders didn't come because they sold their shares to the Brunei Island Industrial Fund at a 100% premium. I am the trustee of the Brunei Island Industrial Fund and am responsible for handling all business."

The Kadoorie family members are not fools; they know very well who Wilfred is.

They suddenly transformed into an agent for some Bohai Island Industrial Fund; this is clearly a charlatan.

Wei Li continued, "The Bohai Island Industrial Fund has acquired 24.4% of the shares from other shareholders, so there will be no other shareholders coming."

“You…” Laurence Kadoorie’s eyes almost popped out as he stared at Wilhelmy in shock.

The rest of the Kadoorie family were also furious: "These bastards dared to betray us."

“Don’t put it so harshly, we’re doing this for the company’s good.” Brandt, who was sitting next to Chen Jiajun, suddenly spoke up.

Roland looked at Brandt with a gloomy expression and said, "Brandt, what are you thinking? Don't forget that you are also a member of the Kadoorie family?"

Brandt gave a disdainful smile: "Oh? Is that so? Why have I never felt that way before?"

As the two started arguing, Chen Jiajun comfortably changed his position, ready to watch the show.

Brandt Kadoorie was invited by Chen Jiajun, who offered him a price he couldn't refuse.

Chen Jiajun said with a smile, "What's 24.4% plus 38% again? Mr. Brandt, my math isn't very good, could you help me calculate it?"

Brandt smiled and said, "Of course, Mr. Chen."

He then solemnly pulled out a calculator and said with an exaggerated expression, "It has already exceeded 62.4%."

Chen Jiajun smiled with satisfaction and then said to Wei Li, "I think the recent management chaos in the group, with some people interfering and causing the group's stock price to plummet, means it's time to choose a new chairman to take charge."

Wei Li nodded and said, "Of course, the Brunei Island Industrial Fund thinks so too. Therefore, on behalf of the Brunei Island Industrial Fund, I have chosen Mr. Chen Jiajun to serve as the Chairman of China Power Company. Please vote."

Next, the representative of Longteng Fund raised his hand, as did the remaining minority shareholders represented by Brant, and Wei Li also raised his hand.

Each raised hand was like a resounding slap across the face of the Kadoorie family.

“I object,” the Kadoorie family member said fiercely. “Moreover, this vote is invalid, and we were not notified of the change in shareholding at all.”

The Kadoorie family, naturally, wouldn't let Chen Jiajun so easily ascend to the position of chairman, and they started shouting loudly.

Wylie said calmly, "Mr. Kadoorie, you seem to have forgotten that Mr. Laurence Kadoorie is no longer the chairman of the group, and the change of shareholding does not require your consent."

Wei Li's words made the members of the Kadoorie family feel as if they had eaten shit.

If looks could kill, Chen Jiajun would probably be torn to pieces by now.

Laurence Kadoorie was a cunning old fox who knew that the Kadoorie family was in a bad situation.

What he needed most right now was time, so the old man simply clutched his chest and pretended to be sick.

Even if the guys at Kadoorie were the dumbest, they would cooperate with this old fox at this point.

He quickly said, "Mr. Lawrence Kadoorie is unwell, and the election of the chairman must be postponed."

Without waiting for anyone's reply, he helped the old fox out.

Chen Jiajun gave a disdainful smile: "That's all they're capable of."

Wei Li said confidently, "I have all the information here. Let them go to Brunei Island and confront them. Hahaha."

“Then there’s no problem.” Chen Jiajun said with a sneer, “Continue the offensive against the Grand Hotel Group. If they refuse to give up, I’ll make sure they go back naked.”

“I understand, boss,” Wei Li said with a smile.

Next, Laurence Kadoorie began to investigate the Brunei Island Industrial Fund, represented by Wayne Wylie, using various means.

It could be said that they used every trick in the book. Unfortunately, Wylie was a very meticulous man and didn't give Kadoorie any opening.

Roland was feeling somewhat powerless. During the family meeting, he sighed and said, "China Power is no longer safe. Chen Jiajun has gained an absolute advantage. We have no chance of making a comeback. Let's focus on preserving the Grand Hotel Group's business first."

Laurence was a pivotal figure in the Kadoorie family, and his word carried immense weight within the household.

Now that he has spoken, the arguments of others are meaningless.

Therefore, when CLP held its second shareholders' meeting, Laurence Kadoorie reluctantly decided to sell his shares in CLP Group.

Looking at the smug Chen Jiajun, Roland said, barely suppressing his anger, "I can sell you the shares I hold, but there are two conditions."

As the victor, Chen Jiajun had no reason to mock such an old man: "You say it."

“First, we will acquire Kadoorie’s shares at a 40% premium. Second, you will have to give up the Grand Hotel Group’s business,” Laurence Kadoorie said earnestly.

Chen Jiajun smiled and said, "The second one is no problem, I can agree to it right now. But as for the premium acquisition, it's only 20%."

"Chen Jiajun, you've gone too far!" Michael Kadoorie couldn't hold back and shouted out loud.

Chen Jiajun's smile suddenly turned cold. He tapped Michael Kadoorie's chest and said, "Do you think you have the right to bargain?"

“You…” Michael Kadoorie’s face turned a deep shade of liver.

Even if the price is below market value, let alone a 20% premium, they will still have to make a move.

If an agreement isn't reached with Chen Jiajun, then the fate of the Grand Hotel Group will be the same as that of CLP.

If Chen Jiajun were to repeat the same tactic, the Kadoorie family would be left with nothing.

Chen Jiajun said with a sneer, "Mr. Roland Gardner said it very well the other day: let's see who's the real deal. You don't think I'll go easy on you, do you?"

Roland Schaffner had to admit that he had underestimated the young man in front of him.

He lost this battle completely.

"Business is business, and I've lost this battle." Roland Garros readily admitted his defeat: "I agree to the acquisition plan, but regarding the hotel group's business..."

Chen Jiajun said with a smile, "Don't worry about this. I will authorize the Kadoorie family to exercise my voting rights."

“Isn’t it going to be sold to us?” Michael Kadoorie quickly said.

Chen Jiajun sneered and said, "Even if we sold it to you, do you have that much money right now?"

Upon hearing Chen Jiajun's words, everyone's faces turned grim.

Once the two sides reached an agreement, things became extremely simple: the Kadoorie family completely withdrew from CLP Group.

Chen Jiajun holds 84.4% of the shares in CLP Group, making him the absolute controlling shareholder.

The position of group chairman naturally fell into Chen Jiajun's hands.

The first thing Chen Jiajun did was to conduct a major purge of CLP Power, from top to bottom.

Since it's called China Power Company, we naturally don't want any foreigners or lackeys.

Under Chen Jiajun's instructions, Wei Li went too far.

They fired them without hesitation, and under the guise of a major overhaul of the company, they didn't intend to pay these foreigners a single penny in compensation.

This immediately caused an uproar among the lower levels of China Power Company.

Such actions gave the upper echelons of the English a chance to exploit.

They were already threatening Chen Jiajun to move the company to England, and now they've gone even further, directly bribing many low-level foreign employees to prepare for a large-scale protest.

"So, those foreigners are going to protest?" Chen Jiajun's face lit up with amusement upon hearing Wei Li's report.

You should know that it has always been Hong Kong people protesting against foreigners, when have foreigners ever protested against Hong Kong people?
Wellesley continued, "And I think this protest was organized by someone, I think it was those..."

Chen Jiajun waved his hand: "I know who it is without even having to guess. Using such methods is underestimating me, Chen Jiajun."

Wei Li said somewhat anxiously, "If we don't handle this well, we might be in big trouble."

What Wei Li said wasn't without merit; after all, Chinese people are still at a disadvantage at this time.

If things really escalate, the other side could have countless backup plans.

Chen Jiajun looked at Wei Li speechlessly and said, "Are you stupid? What's the source of their protest?"

"The issue of layoffs?" Wei Li asked, looking bewildered.

Chen Jiajun sneered: "Why don't you rehire them first? Sign a new contract with them all, based on the old one."

"Huh? So you're saying you're going to carry out a major purge?" Wei Li said, taken aback.

"Why haven't you figured it out yet? Give all the new contracts a probationary period, you can set the time yourself. After the probationary period, just find some excuse to say they're not up to standard, right? Transfer them to the lowest level jobs, and if they don't want to, they can just get out." Chen Jiajun said calmly.

Wei Li immediately slapped his thigh and stood up: "That's right, the boss's trick is still the best."

With this in mind, Wei Li immediately prepared to have his men draft a re-employment contract, intending to quell the situation first.

Soon, Wei Li summoned the rioting workers in his capacity as president and directly addressed the issue of rehiring them.

These foreigners were inherently weak-willed and were easily swayed by Wei Li.

Since it was the same contract as before, they happily signed it, completely unaware of the major pitfalls in the contract.

(End of this chapter)