Chapter 687

"All the shareholders are here, so let's start."

As the chairman and CEO of Yongle Home appliances, Chen Xiao sat in the middle of the shareholders' meeting.

Next came Chen Yu and Zhang Jianming, representatives of Huanyu technology, and representatives of Beth capital.

Of course, several minority shareholders also took their seats.

However, the shares of several other minority shareholders are very small and almost negligible.

Their refusal to vote has no impact on the resolution of the shareholders' meeting.

"As you all know, since yonglezhi established its first store in Shanghai stock market, it has now grown to 301 stores. It can be said that we have achieved great success. However, the offline market competition is incomparable. Suning, Dazhong and Guomei are our main competitors. In addition to them, there are local household appliance brands in various provinces and regions."

"We know that home appliances are capital intensive industries, and it needs huge capital to occupy every market. Among them, if we rely on our own strength, it may be difficult for us to compete in the future market. Therefore, I came up with the idea of joint development with other home appliance enterprises. We all know the later."

"Last week, we Yongle officially received an offer from GOME for us, the price is 10 billion yuan, which is 20% higher than the market price, which also reflects Gome's sincerity and attention to our Yongle. In addition, although it seems that this is a Gome acquisition of our Yongle, in fact, I prefer to think it is cooperation. Gome and Yongle are hand in hand After, Yongle will continue to maintain independent development and have Yongle brand. "

Chen Xiaoxiang introduced the acquisition of Yongle by Gome to the shareholders on site.

"I believe that this cooperation with Gome can expand the scale between the two on the one hand, better integrate the resources of the two brands on the other hand, and enhance the competitiveness of the enterprise. Of course, all these are my personal ideas. Since it is a shareholders' meeting, I would also like to hear the opinions of other shareholders."

With that, Chen Xiao looked at Chen Yu.

Chen Yu shook his head and said, "President Chen, I have no opinion. Let's make a statement."

The shareholders' meeting said that it was purely superfluous.

Who will listen to you?

It's not a debate game. No matter how well you debate, I'm sorry. How should I vote or how to vote.

"In that case, in order to respect the rights and interests of all shareholders, we now begin to vote on the agenda of Mr. Chen Xiao, chairman and general manager of Yongle, whether to accept the acquisition of Gome. Please raise your hand."

The deputy general manager, as the host, began the voting ceremony of the general meeting of shareholders.

With that, Chen Xiao was the first to raise his hand.

In addition to small shareholders, several other small shareholders also raised their hands.

These minority shareholders were 47 employee representatives who founded Yongle electric appliance together with Chen Xiao.

Their share is about 1%.

Chen Xiao himself held 42% of the shares, and with these employee shares, the approval vote reached 43%.

As for Chen Yu's side, of course, it was impossible to agree, so he didn't raise his hand.

Chen Xiao didn't care about it.

He never thought Chen Yu would agree.

But it doesn't matter if Chen Yu doesn't agree. He discussed with Beth capital before the shareholders' meeting.

As long as Bain Capital supports itself, even if Chen Yu disagrees, it will have no effect.

Subsequently, Chen looked at Bain Capital.

To Chen's surprise, Bain Capital representatives did not raise their hands.

"Bain Capital representative, is there anything you don't know?"

Seeing John, President of Bain Capital on behalf of China, sitting there motionless, just for a moment, Chen Xiaopi was a little flustered.

If Bain Capital doesn't agree, his founder's words are useless.

He really wanted to ask directly, what's the matter? Didn't he agree?

What are you doing now? You don't raise your hand.

"Dong Chen, we don't know anything."

Bain Capital said with a smile.

"Do you disagree with this acquisition?"

"No."

"Are you?"

"Some of Bain Capital can't see the prospect of this acquisition, so we abstain."

In fact, abstaining from voting is also possible.

According to the process, the host will say that those who agree please raise their hands after reading, and then say that those who disagree please raise their hands.

Finally, those who abstain, please raise your hand.

These are three voting processes.

But now, the latter two processes need not be mentioned.

Bain Capital has expressed its attitude and they abstained.

Although abstaining is not against Chen Xiao, in fact, abstaining now has the same effect as opposing.

Bain Capital holds about 24% of Yongle.

As Chen Xiaoming's side, only 42% of the votes were in favor, not more than 50%. This time, the motion was not passed.

"Mr. John, I think it is necessary for me to tell you about this cooperation with Guomei."

Chen Xiao never thought of it.

At the critical moment, Bain Capital chose to abstain.

But he knew that he must win the support of Bain Capital.

Otherwise, this acquisition will go bankrupt.

You know, the acquisition of Gome not only paid a premium of more than 20%, but also Huang Guangyu promised to let Chen Xiao be the CEO of Gome. Although this seems to be the acquisition of Yongle by guomg, in fact, everything is managed by itself. It's just that the head office returned home.

"Mr. Chen, Bain Capital has voted. Do you need them to vote again?"

At this time, Chen Yu finally spoke.

yes.

you 're right.

The reason why Chen Yu became a bamboo chest is that he has already reached cooperation with Bain Capital.

In fact, after taking a stake in Yongle, Chen Yu contacted Bain Capital.

As for Bain Capital's abstention this time, on the one hand, it is optimistic about Huanyu technology. On the other hand, it is also because Chen Yu agreed to a condition of Bain Capital and took a stake in friends.com.

yes.

Chen Yu asked Wang Chang to build a social network friend network in the United States. According to the treasure book given by Chen Yu, it can not be said to be on an equal footing with Facebook, but it also shows incomparable potential. For this website, major investment companies are extremely concerned. And when we know that friend.com is still a subsidiary of Huanyu technology in China, a group of investment companies are more interested.

Among them, Bain Capital is a capital that has always wanted to invest in friend network.

Of course, in fact, for the friend network, Chen Yu is not very short of funds for the time being. The reason for accepting Bain Capital's investment is not only for this shareholders' meeting, but also for the future development of friends. As for the reason, it's normal. If you set up a website in a country like the United States without any American capital, it is very dangerous.

Of course, Chen Yu has long considered this.

In the future, he will always compete with a series of giants in the United States, and the friend network is his twisted belt closely linked with all capital.

He will promote the listing of friends in the United States and absorb countless global capital.

Through this capital, Chen Yu can relieve many of the pressure brought by the United States.

Even if you pinch your neck, as long as Chen Yu is closely connected with these capital, these capital can make huge profits under Chen Yu's circle. Then, this capital can change everything you can't imagine.

Of course, this is a very difficult thing, but if you take this step, you may succeed.

Obviously.

In Bain Capital's eyes, Yongle appliances are naturally no better than friends' network and Huanyu technology.

This is why Bain Capital abstained.

"So President Chen has been waiting for me here."

Looking at Chen Yu, he seemed to have expected it for a long time, and Chen Xiao woke up.

He understood that Chen Yu must have reached cooperation with Bain Capital, which gave him a play at today's shareholders' meeting.

"OK, you're great. You won this time."

Put down the cruel words, Chen Xiao felt that he should wash the cold water to calm himself down.

He should reflect on which link he made a mistake.

"Wait, Mr. Chen, don't hurry."

Seeing Chen Xiao leaving, Chen Yu said quickly.

"President Chen, anything else?"

"There's another small matter. It's not too late for President Chen to leave after handling this small matter first."

"What's up, Mr. Chen? Just say it."

Coldly, Chen Xiao sat back to his original position.

At this time, Zhang Jianming stood up and said: "director Chen Yu of Huanyu Technology Co., Ltd., the major shareholder of Yongle Home appliances, submitted the second agenda of the general meeting of shareholders, removed Mr. Chen Xiao as the chairman of Yongle Home appliances, and removed Mr. Chen Xiao as the CEO of Yongle Home appliances..."