On Friday morning, Lu Mingzhou brought a newly organized set of documents to Han Luyi's office.
"Boss Han, please take a look. I've revised these according to your instructions last time." Lu Mingzhou handed over the documents and briefly outlined their contents before Han Luyi opened them. "There's no problem registering the name Origin Group, and the renaming process is already underway. As for the valuation, though-"
Lu Mingzhou paused, then continued, "The Tangyuan Protocol has been getting a lot of attention lately, and both the Tangyuan Protocol and Glutinous Rice Ball Chat belong to Source Code Technology. So the valuation firms we brought in have mostly put it in the range of fifty-eight to sixty-two billion."
He trailed off, looking a little hesitant.
Han Luyi kept his head down, reading the documents as he said, "You mean the supermajority issue, right?"
Lu Mingzhou was startled. Boss Han had already thought of it.
"President Su mentioned it to me earlier." Han Luyi had already skimmed the documents. He set them back on the desk and looked at Lu Mingzhou.
Lu Mingzhou nodded.
So Su Niannian had noticed it first. Apparently, their working relationship hadn't suffered.
"That's right, Boss Han. Your stake in Source Intelligence is larger, while your stake in Source Code is relatively smaller. So the higher Source Code's valuation at the merger, the smaller your share of the group will be," Lu Mingzhou said. "If we merge at a valuation of around sixty billion, your final equity stake will be approximately 64.6%."
Although 64.6% sounded substantial, it fell short of the supermajority voting threshold of "two-thirds or more" required under company law.
That also meant Han Luyi would no longer have absolute, unilateral control over key matters affecting the company's major interests. Lu Mingzhou had previously worked as