Read Novel Full Chapter 223 - The New Shareholder
Chapter 223: The New Shareholder
The Wu Corporation’s issuing of additional shares caused Wu Mei’s shares to be diluted to two-thirds of the original shares and she lost the right to make decisions with less than 8% of shares.
Furious, Wu Mei rushed to the Corporation to attend the shareholders’ meeting with Mother Wu. With a murderous aura, she pushed open the door and barged in, interrupting Wu Pang’s nonsense.
“Issuing additional shares requires the approval of more than half of the shareholders. If you increase the number of shares as you please, I have the right to question and seek compensation…”
Wu Mei slammed the conference table. Unable to control her emotions, she confronted Wu Pang.
However, Wu Pang raised his hand to signal her to be rational. He took out a few letters of intent from beside him and said, “You can take a closer look. I’m doing everything according to the procedure. These are the letters of intent for ten shareholders. It’s slightly more than the half that you requested!”
“Coincidentally, all the shareholders are here. If you don’t believe me, you can ask them in person.”
Wu Mei flipped through the letters one by one. When she saw the signatures with the red oil seal on them, she frowned in disbelief and stared at all of them.
Disappointment, anger, and even betrayal overwhelmed her at that moment. Wu Mei clenched her fists and looked around. Her lips curled up into a sneer as she questioned in a low and hoarse voice, “Do you know what issuing additional shares means?”
“This means that all the shareholders’ assets will be diluted!”
Many shareholders hung their heads in shame. However, they had taken benefits from Wu Pang after all, so they could only respond with silence.
Disappointed, Wu Mei took two deep breaths, before seating back down in the Vice-president seat and narrowed her eyes as she pondered over a solution.
“Aren’t you exaggerating a little?!”
“Are the shareholders stupid? They won’t do anything to harm their own interests. You’re the one who’s too nervous!”
Wu Pang stared at Wu Mei derisively and said, “You just want to control and hinder the development of the Wu Corporation. Wu Mei, don’t you think you’re despicable?”
When Mother Wu heard him accuse her daughter, she wanted to refute him. However, Wu Mei gently squeezed her hand under the conference table, indicating that she should not get involved.
The meeting room was so quiet that the sound of swallowing could be heard clearly. One of the shareholders couldn’t sit still and persuaded Wu Mei, “Little President Wu, don’t bother about the company’s matters. Just focus on collecting the year-end bonus at home! Although President Wu has made many wrong decisions in the past, he’s still the old President of the Corporation.”
“He made many decisions for the company. If you continue to cause trouble, the employees will be the ones who suffer!”
The shareholders exchanged glances with each other. They nodded and echoed, “There’s a lot of discussion about the Wu Corporation outside. Everyone is saying that we can’t hold on anymore.”
“Many colleagues from the sales department and the marketing department have already started submitting resumes outside!”
“If the higher-ups can’t reach an agreement, the company will collapse sooner or later. At that time, the losses will definitely be worse.”
Listening to their persuasion, Wu Mei understood that Wu Pang must have bribed them through some underhanded means.
Wu Pang grinned smugly. He looked at Wu Mei arrogantly, as if silently questioning her about what else she could do.
Gritting her teeth, Wu Mei wanted to retort. However, the door of the meeting room was pushed open from the outside. Dressed in a capable and smart white suit, Mo Li was accompanied by her assistant and secretary as she took the seat opposite Wu Mei. Under the surprised gazes of everyoneShe smiled and introduced herself as she said, “Am I late?”
“I’m sorry, I’m Mo Li, the new shareholder of the Wu Corporation.”