After the words fell, there was silence in Meeting Room, and most people had doubts on their faces.
Only Lin Wanqing's pupils shrank suddenly, as if he realized something.
Amid everyone's confused gazes, Zhao Chen nodded slightly to Chen Xi.
Chen Xi immediately stood up and placed the stack of beautifully bound documents that he had prepared in front of each director one by one.
On the cover, a bold line of bold words instantly grabbed everyone's attention - <Henglong Holdings Co., Ltd. Rights Issue (Stock Issuance) Plan>.
"Rights Issue(Stock Issuance)?"
Li Weimin was the first to open the cover page and frowned.
"This..."
Several directors, including the three Independent Director, all showed shocked expressions.
They did not expect that Zhao Chen would suddenly come up with a third, such an unconventional plan after provoking controversy with two extreme choices.
Lin Wanqing's pupils shrank, and he suddenly raised his head to look at Zhao Chen. For the first time, an out-of-control surprise appeared on his face.
She had never expected that Zhao Chen would resort to such a method at this time!
"Yes, Rights Issue."
Zhao Chen leaned forward slightly, placed his fingers on the table with his hands crossed, and began to explain,
"By raising funds from existing shareholders, we can obtain a one-time cash injection of nearly 1 billion Hong Kong Dollar.
This money will be used exclusively to supplement the company Working Capital, replace part of high-interest debt, and support necessary operating expenses.
This can solve our current liquidity concerns without having to compromise with the bank, accept harsh conditions, or change our established Contraction Strategy.
On the contrary, it can also substantially reduce our leverage ratio and optimize our capital structure."
His tone was calm, but with unquestionable determination:
"The core content of the plan is '10 for 4', which means that for every 10 existing shares held, you have the right to subscribe for 4 new shares.
The Rights Issue price will be given a certain discount based on the announced base price, and the specific range calculation has been attached to the document."
Lin Wanqing's expression changed suddenly, he quickly opened the plan and quickly browsed the core terms.
When she saw "10 for 4"
"The total financing amount is about 9.4-1 billion Hong Kong Dollar"
When waiting for key data such as "Rights Issue price 5.88-6.24 Hong Kong Dollar", my fingers trembled slightly.
This price range, this financing amount... are terrifyingly accurate!
"I object!" Lin Wanqing stood up almost as soon as Zhao Chen finished speaking, with a sharp voice.
"Rights Issue will dilute the existing Equity Structure on a large scale, causing stock price fluctuations and harming the interests of all shareholders!
It will also send a negative signal to the market that the company's funds are extremely tight, which runs counter to our goal of rebuilding confidence!"
Zhao Chen seemed to have anticipated her reaction and retorted calmly:
"Director Lin, please note that this is to the "existing shareholder" Rights Issue.
If all major shareholders participate in the subscription in proportion, Equity Structure will not be diluted. As for market signals..."
He paused and glanced at everyone,
"Shouldn't a company that can solve difficulties through the strength of its shareholders rather than rely on external charity deserve more respect from the market?"
He then threw out a more weighty weight:
"I personally, and the third Ms. Major Shareholder Su Wantang, will fully participate in this Rights Issue and subscribe for all the shares we are entitled to subscribe for. In addition,"
He looked at Lin Wanqing, his eyes as sharp as knives,
"As the company's number one Major Shareholder, my Mr. Father Zhao Jianguo, his shares are currently exercised by me Voting Rights.
Here, on behalf of him, I promise that the shares owned by Mr. Zhao Jianguo will also fully participate in Rights Issue.
In this way, how can it be said that the three Major Shareholder jointly participated in the incident and harmed the interests of shareholders?
This just shows Core Shareholder's firm confidence in the company's future!"
"You represent Zhao Jianguo? How could he agree to this plan!"
Lin Wanqing blurted out in desperation.
As soon as the words came out, her expression changed and she realized that she had made a mistake.
Zhao Chen was waiting for her words.
He narrowed his eyes slightly, leaned forward, stared at Lin Wanqing, and asked clearly and slowly, word by word:
"Director Lin, I am the "only" legal son of Mr. Zhao Jianguo, and I am also the executor of Voting Rights authorized by him signing Legal Document.
I 'can't' represent my father, so who can represent me? Could it be that... can you represent me?"
He bit the word "only" very hard, like two cold steel needles, piercing Lin Wanqing's most sensitive and secret pain point.
The fact that she gave birth to a child for Zhao Jianguo was the last trump card in her hand and her deepest taboo, but at this moment, Zhao Chen mentioned and ridiculed it in public in this way!
Lin Wanqing's face suddenly lost all color and turned pale. His lips were trembling, but he could not utter a single word.
Anger, humiliation, and panic were intertwined, making her almost lose control.
Meeting Room was completely silent, and everyone felt the strange chill that permeated the brief confrontation.
Several directors looked at Lin Wanqing with a bit of unspeakable inquiry.
"I... that's not what I meant!"
She defended hurriedly, but it seemed feeble.
"But Rights Issue involves the interests of all shareholders and needs to be fully considered! I object!
Without sufficient market communication and feasibility study, I firmly oppose this plan!"