Reborn in 2014: A One-Man Tycoon

Chapter 276 Successful Seizure of Power

No shareholder disagreed.

Firstly, the company is currently facing the crisis of bankruptcy liquidation.

If the 600 billion yuan debt were attributed to Shen An, then the shareholders could avoid this portion of the loss.

Such a company might be able to barely survive.

Otherwise, with this additional 600 billion in debt, the company's total debt would reach 1800 billion.

In this world where interests reign supreme, forget about loyalty and sentiment.

In the face of absolute self-interest, loyalty fades and affection becomes as thin as paper.

Shen An did not obtain the board's signature or authorization before investing in the Liu Group.

Because Liu Dong only gave him three days.

Time was of the essence, so he simply convened a board meeting, and after the board unanimously agreed, he began seeking loans.

They borrowed 300 billion from Fifth Master and immediately began implementation.

Keep everything simple in terms of procedures.

Normally, Shen An has absolute control over the company.

That's certainly not a problem.

But he has now lost control of the company.

Meng Chuan, determined to eliminate them all, naturally took it very seriously.

Meng Chuan denies the 600 billion yuan debt, but even if legal proceedings are initiated, he has legal grounds to rely on.

"No, Meng Chuan, you can't do this! You're going to kill my whole family!"

At this point, Chen Li was completely desperate.

She was no longer as sharp-tongued and sarcastic as before.

Their eyes were filled with fear as they looked at Meng Chuan.

That's a debt of 600 billion!

She and Shen An are not divorced yet, and all their assets are joint property.

They should naturally share this debt.

In this way, she could not gain any benefit for her son.

He also burdened his son with a mountain of debt.

"When you wanted my life, did you show the slightest hesitation?"

Meng Chuan looked at Chen Li coldly, without the slightest pity.

If you're going to do something, do it thoroughly.

Meng Chuan will not give Chen Li any chance to turn things around.

Otherwise, if she still had money, she would have bribed the assassin tomorrow, and Meng Chuan would be the next to die.

"Thirdly, we must immediately withdraw from the cooperation with the Liu Group. Our company's debt is currently too high, making it unsuitable for such long-term investments. We need to pool our funds and develop steadily."

Meng Chuan addressed all the shareholders again.

The Liu Group wants to build a brand new commercial city.

Such projects may not be completed for three to five years.

Although the potential for wealth is immense, in the early stages you can only invest money and there are no profits to be made.

Given the current state of An Real Estate, it's uncertain whether it can survive the next three to five years.

Even if the losses are huge, at least 240 billion can be returned.

With this 240 billion yuan, Shang'an Real Estate still has a chance to breathe.

"Seconded."

"Seconded."

"Seconded."

This time, Shen Yue doesn't need to take the lead.

The other shareholders all rushed to agree.

Firstly, the company's high debt of 1200 billion yuan put it in a precarious situation.

If we can get back 240 billion, at least we can catch our breath.

As for the 560 billion yuan loss, it's not the company's money, it's Shen An's personal debt, so what does it have to do with them?

Secondly, Meng Chuan transferred all the debts to Shen An, which secured huge benefits for their shareholders.

They will naturally support all of Meng Chuan's decisions.

"Fourthly, given Shen An's serious illegal acts such as misappropriation of company funds, they can no longer hold company shares. Their family's 35% stake will be returned to the company as original shares. All shareholders have the right of first refusal."

Meng Chuan said:

"However, given that the Shen family is the company's founder, out of humanitarian considerations, the company will not pursue legal action against the Shen family. The company is willing to repurchase the shares at 30 yuan per share. The total value is 280 billion yuan, but this payment can only be made after the Liu Group returns 240 billion yuan."

The Shen family's shares will definitely be repurchased.

Only in this way can the Shen family be completely kicked out.

Moreover, the company will definitely have to compensate the Shen family.

This is the first step to ensuring its legitimacy.

At the same time, only by using the company's money to buy back their shares can they have the money to repay Fifth Master.

Otherwise, even if they sold them, they still wouldn't be able to raise 354 billion to return to Fifth Master.

In the end, it will be Meng Chuan who suffers the loss.

The company is now repurchasing their shares for 280 billion, and the remaining 74 billion will need to be secured by mortgaging their private assets.

Over the years, the Shen family has accumulated a considerable amount of private property and savings.

If we sell everything, it should be enough to barely pay back Fifth Master.

As for how to return the 300 billion yuan to the Chen family, that's not something Meng Chuan should care about.

The Chen family suffered a loss of 300 billion yuan, which can be considered a lesson Meng Chuan taught them!

Hopefully they will remember this lesson.

"No, Meng Chuan, you can't do this. If you do this, I'll haunt you even as a ghost."

Chen Li roared with all her might.

"I'm not afraid of you being alive, so why would I be afraid of you turning into a ghost?"

Meng Chuan looked at Chen Li coldly and said:

"Everything you've done today is your own fault."

“From beginning to end, I have never made things difficult for your Shen family. It is your Shen family, or rather, it is you who have made things difficult for me at every turn.”

"Now that your shares have been recovered, if you cooperate obediently and hand over the shares, I will say the same thing again: I will not pursue your legal responsibilities."

"Otherwise, I wouldn't mind sending you two in as well, so you can reunite with Shen Chong inside."

Meng Chuan wasn't threatening Chen Li.

Misappropriating 800 billion yuan of company funds is a major financial crime.

If this crime were to be investigated, it would be enough to send the entire Shen family of three to prison for life.

“You are no longer qualified to be here, security guard.”

Meng Chuan looked down at Chen Li and shouted, and several security guards immediately came out.

"Get her out."

Meng Chuan waved his hand, and several security guards immediately came up and flanked Chen Li.

"No, Meng Chuan, please, don't be so ruthless..."

Chen Li screamed, tears streaming down her face.

But the security guard did not hesitate at all.

They grabbed her and dragged her out.

"The company is currently facing financial difficulties. Who among you would like to subscribe to the 35% stake confiscated from the Shen family at a price of 25 yuan per share?"

After Chen Li was pulled away, Meng Chuan scanned the shareholders present and asked.

Shang'an Real Estate's stock price is currently 32 yuan per share.

Meng Chuan's willingness to compensate the Shen family with 30 yuan per share is already more than enough.

Shareholders have priority subscription rights, priced at 25 yuan per share, which can be considered a benefit given by Meng Chuan to the major shareholders.

This can also alleviate the company's debt pressure.

However, all the shareholders looked at each other.

But no one expressed their opinion.

Although this price is already very favorable.

The shareholders were also grateful that Meng Chuan was able to offer them subscriptions at a price lower than the market price.

But Shang'an Real Estate is already heavily indebted.

Even these shareholders have lost confidence in Shang'an Real Estate.

Who would dare to subscribe?

If Shang'an Real Estate goes bankrupt, they will lose the amount of money they subscribed to.

Shen Yue does want to subscribe.

Unfortunately, she had no money.

She was merely an adopted daughter of the Shen family. Although she had once owned shares, she had never had any money.

“If none of you subscribe, then as the chairman, I will buy back all of them at a price of 30 yuan per share.”

Meng Chuan said.

Meng Chuan would love for everyone not to subscribe.

He's worried about not getting his money back!

Anyway, Shang'an Real Estate is his now.

This is the real transfer from the left hand to the right hand.

35% of the shares, equivalent to 9.3 million shares.

At 30 yuan per share, 280 billion can be brought back with a legitimate reason.

“Um, Chairman Meng, if it’s 30 yuan per share, oh no! 28 yuan per share is fine, you can take my shares too! I’ll withdraw from Shang’an Real Estate.”

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