Shareholders' Meeting, Shift in Power

Hua Chang Apparel Co., Ltd.., Headquarters Park.

The Chairman's Office on the 8th floor of the administration building.

"Thank you for your support over the years, Brother Wang," He Jingping said warmly. "I believe that with the establishment of the joint venture, Huashang Apparel's business structure will become more stable. With the help of the live-streaming e-commerce boom, it's not impossible that we could go public in two or three years."

"Then I'll wait and see, haha, Director He! The interests of us shareholders depend on you! And Zhihui, we look forward to your performance." Wang Chengliang responded with a smile, his tone encouraging.

"Thank you for your encouragement, Uncle Wang. I will definitely make the joint venture bigger and stronger!" He Zhihui said with a bright smile, shaking Wang Chengliang's hand firmly.

This shareholder, who holds 3.4% of the company's shares in his personal capacity, is not only a long-time friend of the Ho family, but also an important part of their shared interests.

In fact, almost all of Huashang Apparel's existing six individual minority shareholders are friends of He Jingping.

Over the years, through signing "Agreements on Concerted Action," He Jingping has firmly controlled the company's voting rights, forming an unshakable alliance of interests.

Thinking about the theme of today's meeting, He Zhihui couldn't help but look at his reflection in the glass, feeling confident and composed.

He was one of the main figures at the shareholders' meeting.

If the proposal to establish a joint venture with Yingqu Media is successfully approved, he will be officially promoted to General Manager.

At that time, with the resources of two large companies at your fingertips and standing at the forefront of the industry, success and fame will be just around the corner!

At this moment, Wang Chengliang suddenly asked, "Director He, you called earlier and said that Hong Kong Trust Company wanted to acquire Huang Yangming's shares. Has anything come of that?"

"No, it must have been a false alarm." He Jingping shook his head with a smile. "I've contacted several shareholders and institutions recently, and there's been no similar news coming out."

He has recently contacted several other shareholders and people from both institutions, but there has been no similar news so far.

Wang Chengliang nodded, then added, "Oh, and there's Chairman Tang. He holds 35% of the shares."

"There shouldn't be any problems with today's vote, right?"

"Don't worry, Uncle Wang." He Zhihui put one hand in his pocket, a dashing smile playing on his lips. "This guy has been eyeing our New Flexible Production Line. After we told him we could allocate some capacity to do some contract manufacturing for him, he hasn't caused any trouble. General Manager Wu said the other party's attitude is very good, and they've already started arranging the production line connection. He also readily agreed to attend this shareholders' meeting without making any demands."

Even so, He Zhihui still felt somewhat uncomfortable when the Tang Song were mentioned.

Huashang Apparel's own brand already had insufficient production capacity, and it was forced to cede it to external clients like Songmei Clothing, which he saw as a humiliation, a sign of weakness, and an admission of defeat.

He had a very poor impression of the Tang Song, to the point of loathing them.

They suddenly made a move to acquire shares in Huashang Apparel, disrupting their plans.

It's worth noting that the 35% stake he holds is held by state-owned enterprises.

No one knew who he was, which was why his father was always so polite to him.

Thinking of the Tang Song, He Zhihui gritted his teeth.

Once the joint venture is stable and he truly enters Huashang's core management team, he might have to give them a hard time and let them know whose territory this is!

"Alright, Zhihui!" He Jingping suddenly interrupted his son sternly. "Speak with respect. Chairman Tang is a shareholder of our company. And you, tone it down and mature! Otherwise, how can I entrust such an important joint venture to you?"

"Okay, Dad!" He Zhihui quickly stood up straight.

Wang Chengliang chuckled twice, patted He Zhihui on the shoulder, and said, "That's what young people are like—energetic and spirited!"

"Thank you, Uncle Wang. Hehe, you flatter me." He Zhihui smiled broadly, looking down at the entire park through the floor-to-ceiling window, feeling smug.

Just then.

"Knock knock knock—" There was a gentle knock on the office door.

Immediately afterward, Secretary Zhang strode in and said, "Director He, the shareholders are arriving at the venue one after another. General Manager Li and President Qin from Chengrong called to say they'll be there in a few minutes. However—there are two unfamiliar faces next to some of the shareholder representatives; I haven't seen them before."

"Oh?" He Jingping raised an eyebrow slightly. "It's alright. After all, this involves a major vote, so it's normal for some shareholders to bring people along if they're not comfortable with it."

Secretary Zhang hesitated for a moment, then nodded and said, "Okay."

After saying that, he bent down and walked out of the office.

The reason for the special reminder was that the two strangers had an outstanding presence and were clearly not ordinary people.

The three chatted for a few more minutes.

He Jingping stubbed out his cigarette, stood up, and said, "Let's go over there too. There are only 15 minutes left before the meeting."

The two nodded and followed him outside.

Upon arriving at the conference room door, He Jingping paused, his gaze sweeping over the shareholders who had already arrived.

Apart from Huang Yangming, the other four minority shareholders have already arrived.

Soon, his attention was drawn to the "unfamiliar face" that Secretary Zhang had mentioned.

A man and a woman, around thirty-six or thirty-seven years old, were dressed in well-tailored suits, with serious expressions, and occasionally whispered a few words to the four minority shareholders.

He Jingping frowned slightly, a hint of unease flashing through his mind.

How could he not know that there were two people who had close relationships with four shareholders at the same time?

Despite his inner doubts, he suppressed his emotions when he thought about today's meeting.

The priority is today's decision; these issues can be explored later.

"Dad, President Huang arrived!" He Zhihui nudged his father's arm and whispered a reminder.

He Jingping quickly regained his composure and went to greet him, "President Huang, welcome!"

"Hello Director He." Huang Yangming greeted him with a warm smile.

The two shook hands and exchanged pleasantries outside the door. The atmosphere was quite lively, accompanied by laughter from the surrounding staff.

However, a series of messy and heavy footsteps came from the corridor, drawing everyone's attention.

The two stopped talking and looked to the side.

At the corner of the corridor, a handsome figure came into view first.

His expression was indifferent and calm, and his dark blue suit had a dim sheen, naturally exuding a cool and composed aura that made those who looked at him feel a sense of awe.

Behind him followed a tall, elegant woman in a sharp women's suit, with a solemn expression and delicate, well-defined features.

He Zhihui raised an eyebrow and muttered under his breath, "Show-off!"

Then he turned his greedy gaze toward Lin Mu Xue.

Twenty! It's getting more and more exciting to watch!

He has no shortage of women around him, but none of them are as good-looking and elegant as this one.

If he had known back then that Xiao Xue was so amazing, he would have put in the same effort he used to pursue his girlfriend. He wouldn't have believed he couldn't win her over!

Thinking of this, his gaze toward Tang Song darkened further.

Huang Yangming's smile gradually froze as he looked at the young man leading the way, his eyes filled with disbelief.

Of course he knew the new major shareholder was named "Tang Song," but he never expected that it would be the same Tang Song he had met at the private meeting organized by the Yan Province Bank.

He had a very deep impression of the Tang Song.

After all, the other party came with Xie Shuyu and had a close relationship with Tian Chengye's daughter.

I even gave them a few words of criticism back then.

Accompanied by the sound of footsteps, more and more people came into their view.

Apart from Manager Li from Dingyun Investment and President Qin from Chengrong Group, everyone else was a stranger, both men and women.

They were dressed neatly and formally, and there were a total of 6 people.

It is worth mentioning that both Manager Li President Qin stood to the side and slightly behind Tang Song.

This discovery left He Jingping utterly perplexed.

The approaching footsteps startled them from their thoughts.

He Jingping tried to suppress his inner turmoil, Wei Xiao as he approached, his tone gentle yet tentative. "Manager Li, President Qin, it's quite a coincidence that you've run into Chairman Tang today! Haha, welcome, welcome!"

"Hello, Director He." Tang Song shook hands with him politely without offering any further explanation.

The two representatives from Dingyun Investment and Chengrong Group greeted each other with smiles.

Just as Huang Yangming was about to say something, he noticed Tang Song's gaze sweep over him, and he simply nodded calmly and indifferently, seemingly not taking him seriously.

An embarrassed expression appeared on his face.

He Zhihui smiled and said, "Chairman Tang, although our shareholders' meeting doesn't stipulate a number of representatives, you've brought quite a few people. It seems you value this meeting very much!"

He was obviously being sarcastic. In his view, Tang Song loved to put on this kind of show, just like the previous audit.

Lin Mu Xue stepped forward without even glancing at him, and said directly to He Jingping, "Director He, these people are not all representatives who came with Chairman Tang, but rather those who accompanied Dingyun Investment and Chengrong Group."

President Qin, standing nearby, nodded in agreement. "Yes, Director He, let's go inside and talk. There are some important things to announce today."

These words were like a torpedo thrown into a lake, stirring up waves in He Jingping's heart.

However, on the surface, they still tried to remain calm.

At 10:00 AM sharp, the shareholders' meeting of Huashang Apparel officially began.

Good morning, dear shareholders. Thank you for attending this extraordinary general meeting.

As is customary, the Chairman Ren He Jingping, spoke first.

He briefly summarized the company's achievements over the past year and outlined its future plans.

Then, as was his habit, he asked, "We will now proceed with the voting and deliberation according to the agenda. Please feel free to raise any opinions you may have in advance."

As soon as he finished speaking, a middle-aged man wearing gold-rimmed glasses suddenly stood up. "Director He, before the formal agenda begins, I have an important matter to explain to everyone. First, let me introduce myself. I am Zhang Jin, the legal director of Juqing Huijin."

Upon hearing the keyword "Juqing Huijin," He Jingping, He Zhihui, and others' expressions changed drastically.

I had heard before that Juqing Huijin was interested in acquiring Huang Yangming's shares, but the two sides failed to reach an agreement due to price issues.

It now appears that the other party must have bought the shares from other shareholders!

The meeting room fell silent instantly; you could hear a pin drop.

Looking at the father and son who were "on the verge of death," Lin Mu Xue's lips curled up slightly, and her bright eyes seemed to flash with a red light.

They've awakened! Time to hunt!

Today, I, the Emperor Mu Xue, deserve to tear my enemies apart!

Haha~~

Zhang Pu adjusted his glasses, took out a stack of documents from his briefcase, and said succinctly, "After friendly negotiations, the 6% stake held by the four shareholders, including Zhang Yanghe and Cheng Minghui, has been transferred to Juqing Huijin. These are the 'Share Transfer Agreement,' 'Payment Voucher,' and 'Irrevocable Proxy Form.'"

This news struck He Jingping and his son like a bolt from the blue.

Fine beads of sweat appeared on He Jingping's forehead. He looked around and noticed that several minority shareholder representatives were all keeping their heads down.

She dared not meet his gaze.

He Zhihui trembled, his lips moved slightly, and he was about to speak.

Lin Mu Xue rose gracefully and said calmly and confidently, "I am Lin Mu Xue, representative of Rongliu Investment. I support Mr. Zhang's proposal. Our company has completed the acquisition of the 14.4% stake held by Chengrong Group and Dingyun Investment."

Immediately afterwards, her colleague took out a thick stack of documents and neatly placed them on the conference table.

Lin Mu Xue's tone suddenly changed, and she said seriously, "We demand that the shareholder register be updated immediately to confirm the proportion of valid voting rights for this meeting."

Manager Li manager of Dingyun Investment, stood up and solemnly announced, "Dear shareholders, our equity transfer agreement with Rongliu Investment is based on our confidence in the company's future development. Their proposed reform plan is in line with the long-term interests of Huashang Apparel, therefore we have decided to support this decision."

President Qin of Chengrong Group, followed suit and expressed his support as well.

This sudden turn of events stunned everyone.

Even the four minority shareholders didn't expect this to happen.

Their 6% stake cannot affect the overall situation. Even if they sell it all, the He Jingping family will still be the largest shareholder of Huashang Apparel.

But if we add the 14.4% from the two major institutions, then things will really change.

Lin Mu Xue looked at the father and son who were in a daze, feeling the attention of everyone, and dug her feet under the table hard on the soles of her shoes.

She had taken this act to the extreme, and her whole being was radiating light.

Immediately afterwards, whispers filled the conference room, the atmosphere so tense it felt like you could wring water out of it.

He Zhihui's face was as pale as paper, and he was still a little dazed when a wave of dizziness washed over him.

He Jingping glanced at the composed Tang Song and had already guessed the truth of the matter.

His eyes were filled with anger and confusion.

"!" He Jingping slammed his hand on the conference table, his voice loud but slightly trembling. "Chairman Tang, what do you mean by this? Why weren't we notified beforehand?"

In his view, he had done a very good job, prioritizing harmony.

It's just a production line, is it really necessary to go to such lengths?

Tang Song said calmly, "Director He, this is normal business practice, completely legal and compliant."

He Jingping gritted his teeth, momentarily speechless.

The reason this problem arose was that he never imagined that someone would be willing to use such a huge amount of cash just to gain control of Huashang Apparel.

It's worth noting that, based on the company's current valuation, acquiring this 20.4% stake would require nearly 440 million in cash.

Adding the 35% that Tang Song had previously acquired, he spent a total of 1.1 billion.

What does this mean?

Someone who can generate this much cash flow must be worth tens of billions!

Of course, Tang Song is jointly controlled by external investment institutions and private equity firms, but this is also quite inexplicable.

After all, Huashang Apparel is just a traditional garment processing company. What investment institution would pour money into this kind of industry?

This is absolutely incomprehensible!

Tang Song raised his head, his tone calm yet penetrating. "Colleagues, based on the statements made by the two representatives just now, I propose that the company's shareholder register be updated immediately and the proportion of valid voting rights for this meeting be reconfirmed."

Manager Li was the first to express his opinion. "We fully agree with Chairman Tang's proposal. The relevant documents have been submitted to the company's Legal Department department and can be verified at any time."

"Yes, to ensure procedural fairness, it is recommended to implement this as soon as possible. This is entirely in accordance with the Company Articles."

In the conference room, a series of complex gazes fell upon He Jingping.

Everyone waited for his reaction, as if time had stood still.

He Jingping lowered his head and remained silent for a long time, beads of sweat quietly sliding down his forehead.

He took a deep breath and nodded to Secretary Zhang behind him with a grim expression.

"Take care of it as soon as possible." His voice was low and hoarse.

Less than ten minutes later, the Legal Department director of Huashang Apparel rushed to the venue, accompanied by CEO Wu Wei.

The latest share transfer roster was quickly printed out and distributed to each participant.

Jingping's hands trembled slightly as he opened the book and examined it closely.

With the roster updated, Chengrong Third Group, Dingyun Investment, and four other representatives of the minority shareholders voluntarily got up and left.

The huge conference room suddenly became unusually quiet.

An indescribable sense of oppression filled the air, making even breathing feel heavy.

In that brief silence, everyone's eyes converged on the same spot.

"Given the change in control of Zhe Si, I propose suspending the original agenda and adding a new topic." Tang Song's gaze swept across the room, remaining calm and composed. "Reorganize the board of directors."