fictionpage Chapter 140 First Offline Board Meeting
Chapter 140 First Offline Board Meeting
Chapter 140 The First In-Person Board Meeting
This is the first time that Green Energy Core Power, which has been established for so long, has held a board meeting offline, and the topic is the important issue of large-scale share buyback.
Such a major event concerning the company's future and destiny could not be taken lightly, and everyone who could attend rushed to the scene.
Because the incident happened suddenly and time was tight, Ye Kai, the major shareholder who was in Beijing, had no choice but to rush to the company in Binhai to meet with Zhou Xiaoli and deal with the matter temporarily.
"Chairman Wang, it's been a long time. How is your father's health?"
"Chairman Xie, you still owe me a box of good tea."
"Has anyone seen that Chairman Ye? I heard he's only eighteen. Is that true?"
"Of course it's true."
"What exactly are the terms and conditions for this share buyback?"
"It's nothing more than causing trouble. Chen Song and his gang are trying to raise prices on the spot; they have ulterior motives."
"Sigh, the worst thing about partnerships is having a few unreliable people in the business."
"Who can argue with that?"
When Ye Kai arrived at the board meeting, he found that almost everyone had already arrived.
Because a high-level forum was being held in Binhai, many important figures were there. Ye Kai, who lived in Beijing, was the one who came from the farthest away, but he still managed to get there within two hours.
Zhou Xiaoli, a well-known liaison and shareholder, was communicating with everyone at this moment. The small meeting room was very lively, but the atmosphere was also very tense.
"Chairman Ye is here!"
"Now that everyone's here, we can begin the meeting!"
Seeing that Ye Kai had also arrived, Zhou Xiaoli ordered the meeting room door to be closed and the meeting to proceed behind closed doors.
The group sat around the oval conference table, glancing at each other's name tags and silently observing each other's expressions. They remained silent, clearly unsure of what to do.
The motion to repurchase shares came rather suddenly, leaving many people wondering what the six directors, including Chen Song, were thinking, and why they would do something so irrational.
"The main topic of this board meeting was the motion for a share buyback proposed by six shareholders, including Chen Song."
"According to the agreement made before the Green Energy Core Power Project was concluded, the shareholders of this project have the right to make such a request, and the specific repurchase conditions will be negotiated by the board members."
The current status of project fund utilization is as follows:
As a director and project liaison, Zhou Xiaoli began to explain to the other shareholders the development and funding situation of Green Energy Core Power, and stated the demands of the six shareholders including Chen Song.
"Don't talk about share buybacks; they just want to withdraw their shares."
"Since it's a withdrawal of shares, let's reduce the amount based on the original capital and the funds already used, and then give them the money accordingly."
"The total project funding was 4 million yuan. The six of them held 17% of the shares, which is 6800 million yuan. After deducting the expenses, the company still had money in its account, so we just refunded it to them."
After Zhou Xiaoli finished speaking, a Chairman Wang bluntly expressed his opinion.
"I agree with Chairman Wang's opinion."
"agree."
Several shareholders immediately expressed their agreement with Chairman Wang's opinion.
Now that this project has finally been completed, despite some unexpected events and setbacks along the way, its prospects are very promising, which is why everyone cherishes it.
Now that Chen Song and his group have suddenly jumped out to stir things up, everyone else is very annoyed. They want to kick them out, but they don't want to pay too high a price. However, they also know in their hearts that the other party probably won't agree so easily.
They could criticize them verbally without feeling any psychological pressure.
Moreover, these six shareholders were not people they knew well, so they had no qualms about confronting each other directly.
"A buyback at the original price is impossible."
"Green Energy Core Power has developed to its current stage thanks in no small part to our capital and network. Now that the valuation has increased, how could we possibly repurchase it at the previous price?"
"Our requirement is to repurchase the shares at a valuation of one billion, and freeze all other equity change activities in accordance with the project agreement before that."
Chen Song was thin, in his forties, and had a cold look in his eyes behind his black-rimmed glasses; you could tell at a glance he wasn't a kind person.
Chen Song was the representative of the six shareholders who demanded a share buyback. The others seemed to have little presence and remained silent, only speaking out in support of Chen Song when necessary.
After both sides stated their positions, various arguments began.
In short, the other shareholders did not agree with Chen Song and others' conditions. They said a buyback was possible, but it had to be at the previous price.
However, this matter is indeed quite thorny. If the issues concerning Chen Song and others are not resolved, Sequoia Capital or other venture capital firms will be unable to invest, and the company's valuation will be directly affected.
While they are indeed innovative companies with significant advantages in new energy power batteries, if they cannot resolve this financing obstacle in time, they risk falling behind and being overtaken by other companies.
If it really comes to this, it will not be an acceptable outcome for any of the shareholders present.
"Chairman Ye has not spoken yet."
"What are your thoughts on this?"
At this moment, someone noticed that Ye Kai was sitting in the head seat without saying a word and seemed a little uncomfortable, so they pointed the finger at him.
"Watching your performance."
"I must say, it was quite exciting."
Upon hearing this, Ye Kai clapped his hands in a bit of boredom, then lay back in his chair.
"What does Chairman Ye mean by that?"
"This is a major event concerning the company's development. As a major shareholder, how can Chairman Ye treat it so lightly?"
"This is outrageous!"
"Young people just don't know what's good for them!"
Several shareholders were immediately angered by Ye Kai's words and stood up to criticize his behavior.
"alright!"
"This is a board meeting. Please remain calm and refrain from bringing up irrelevant topics!"
Zhou Xiaoli, the contact person sitting opposite, saw that the situation was getting out of control and immediately fulfilled her duty to remind them.
She also didn't want to see Ye Kai be attacked by the crowd, so she used her authority to issue a warning, hoping that everyone could quiet down.
However, the six shareholders, including Chen Song, did not participate in the argument.
Their goal is very clear: to disrupt things and prevent Green Energy Core Power from successfully entering into cooperation with venture capital institutions. As for who is arguing with whom, they really don't care at all.
"All right!"
"As the major shareholder, I have a question that I hope Director Chen Song can answer directly!"
Feeling bored, Ye Kai straightened up, stared at Chen Song and the others, and made his request.
"Can."
"I can answer any questions about share buybacks as appropriate."
Chen Song felt a little uneasy under Ye Kai's gaze, but he still faced him head-on.
"Chairman Chen has requested the company to repurchase shares. What is the specific price?"
Ye Kai didn't waste any words, he just asked this one question.