At 8:35 pm, the bulletin board of Henglong Group started to refresh.
Article 1: <Announcement on the Major Shareholders Entering into Share Transfer Agreement>
"This is to refer to our company's Rights Issue Results Announcement dated June 18, 2017.
Board of Directors was informed by Mr. Zhao Jianguo today (June 18) that he had entered into a contract Share Transfer Agreement with the transferee designated by Mr. Zhao Chen in the afternoon of that day..."
The numbers are cold and precise: 170 million shares, accounting for 30.35% of the issued share capital, and the transfer consideration is 100 million Hong Kong Dollar.
Article 2: <Announcement on the Convening of Special Shareholders Meeting>
"Board of Directors would like to inform that the company will hold Special Shareholders Meeting at Henglong Building Top Floor Conference Room at 10:00 am on June 23, 2017 (Friday) to consider and approve at its discretion (including) the transactions under Share Transfer Agreement and Whitewash Waiver..."
Article 3: <Announcement on the Removal of Finance Director>
"Ms. Lin Wanqing will no longer hold the position of Finance Director in the company due to personal reasons, effective from now on.
Board of Directors would like to express our gratitude to Ms. Lin for her contribution to the company during her tenure."
The wording of the announcement was standard - but everyone knew that Lin Wanqing was not leaving "due to personal reasons."
The real content is in the next paragraph:
"According to the preliminary results of the special audit conducted by Deloitte Consulting (Hong Kong) Limited, during her tenure, Ms. Lin Wanqing had multiple abnormal transactions between her affiliated companies and Henglong Group.
Relevant matters are still under further verification and the company will make further announcements in due course."
Preliminary results of the audit.
Unusual transactions.
Further verification.
These three groups of words are connected together and translated into words that ordinary people can understand:
Lin Wanqing didn't walk cleanly, and there was still feces behind his butt.
Articles 7 to 7:
General Manager of the Investment and Financing Department Zhang Tao, General Manager of the Marketing Department Wang Lei, Finance Department Deputy Director Wang Zhenyu, Finance Department Assistant Director Wang Bin - Xiren "suspended their duties and accepted a special audit."
Article 8: Chen Qiming is appointed as Finance Director.
Articles 9 to 16: A series of explanatory announcements on audit progress, compliance rectification, and business plans for the second half of the year.
Sixteen minutes.
In sixteen minutes, Henglong posted sixteen announcements.
Every article is in order, worded rigorously, and watertight.
But every one of them declares the same fact--
Henglong's world has changed.
Su Wantang came over with several cups of hot tea and placed a cup in each person's hand.
She glanced at the screen, said nothing, and just gently sat down on the sofa next to Zhao Chen.
Zhao Chen leaned on the back of the chair, holding the cup of tea in his hand, but did not drink it.
He looked out the window.
The night view of Shan City is particularly spectacular at this height.
Thousands of lights are stacked in layers, stretching from the feet to the skyline, like countless eyes, and like countless artificial stars that try their best to shine before falling.
The phone suddenly vibrated.
He glanced down.
It's a message from Shen Zhiyi:
"I saw the announcement. Lin Wanqing is gone, right?"
Zhao Chen replied with one word, "Yeah."
Shen Zhiyi soon sent another one:
"Are you okay?"
Zhao Chen looked at those words and hung his finger on the screen for two seconds.
He remembered how cautious Shen Zhiyi was when he sent a message this afternoon asking him if he would like to come to his house for dinner.
She didn't ask how things were going, she didn't ask him if he was tired, she just asked - are you okay?
He typed a few words and deleted them.
I typed a few more words and deleted them again.
In the end, he only replied with two words:
"Not bad."
Shen Zhiyi did not reply again.
But Zhao Chen knows, she understands.
It's around 9pm, Snowball platform.
Thirty minutes after the announcement was made, the forum was already exploding.
Pinned post: <Henglong's eleven late night combos, Zhao Chen completed the "Lightning Seize Power" in seven months>
"160 million shares of Share Transfer Agreement, Special Shareholders Meeting were scheduled for June 23, Lin Wanqing was dismissed, and audit issues were disclosed...
Henglong boss's operation tonight will make people's scalp numb."
"Simple summary:
1. The 30% shares of Zhao Jianguo were sold to Zhao Chen. 170 million shares were priced at 100 million Hong Kong Dollar.
This price is equivalent to giving it away for free, but Zhao Jianguo has no choice - his Pledged Shares will explode tomorrow, Lin Wanqing refuses to cover his position, and the brokerage forces him to close his position. Only Zhao Chen is willing to take over.
Of course, it's not for free. Zhao Chen personally needs to bear an interest-bearing liability of 800 million.
2. Lin Wanqing was dismissed, and the announcement clearly stated that it was "related to the problematic projects discovered in the audit."
This wording is very strong, and it is basically equivalent to a public characterization - she died in disgrace.
3. Special Shareholders Meeting 6.23 was held to vote Whitewash Waiver.
As long as it passes, Zhao Chen's shareholding will exceed 66%. Counting Voting Rights of Su Wantang and Shen Zhiyi, his actual Voting Rights will reach more than 76%.
4. The other announcements are explanatory, but each conveys the same message:
The governance of Henglong will be completely standardized from today on."
The comment area has been filled with thousands of comments:
"Seven months... from a college student to Henglong and absolutely Controlling Shareholder. Who dares to write this script?"
"Before, some people said that he was 'deliberately planning to seize property'. Now it seems that he has really brought Henglong back from the edge of the cliff."
"When the Lin Wanqing interview came out, I thought Henglong was going to be doomed. What happened? She sent Zhao Jianguo into Zhao Chen's bowl."