Chapter 173 Boardroom Showdown

ang Wu.She believed that if Su Cen could regain his affection for Chen Linsan again, it would undoubtedly be a huge attack on Tang Wu.The feelings among girls were very subtle. Even without a crush, m...Chapter 173: Decisive Battle Against the Board of Directors

In the Zhonghu District of Shanghai, there stands the Dianxin Group Building. From an external perspective, the building resembles a gigantic ship upright in the sky with a straight bow and sharp edges on its exterior. At night, despite not being particularly eye-catching in this city that never sleeps, no one with any standing or prestige would underestimate this building's influence on behalf of the company.

Actually, this slender-looking building possesses an extremely aggressive aura when overlooking the eastern sea inlet; there is a sense of profound and intense presence.

When the building was first constructed, the editor-in-chief of a renowned financial magazine made a joking comment: "This building is like its owner—dark, grandiose, and sharp."

This sharpness also intimidates those who take their leisure in nearby Starbucks or fancy restaurants, occasionally looking up at the towering skyscraper. It creates an unreachable and imposing impression in people's minds. This city has never lacked influential figures capable of changing fortunes overnight, nor has it ever lacked common folks silently admiring them.

In a bright and spacious room on the highest floor of this building that overlooks the city, Jianhua sits on a rotating executive chair, feeling perfectly integrated into the ergonomically perfect adjustable model chair behind him. Sitting by the window as if he were a king, Jianhua embodies an air of authority.

Behind him stand several assistants and investment managers from Dianxin, three men and two women. Clearly, these are all top players in Dianxin's investments; they appear unremarkable on the surface but possess keen and sharp eyes indicative of seasoned veterans in the capital market. Among them is a beautiful woman nearing forty who looks harmless, yet few know that she was once a key figure in Jianhua’s famous Jiangsu-Zhejiang army in the capital market back then. She participated in the multi-versus-short battle for Hainan rubber as one of Shanghai's hidden influential figures from Jiangsu and Zhejiang in 1996. She is known to possess similarly brutal tactics honed by Jianhua.

Ye Shuquan stands beside these investors and says, "The board meeting at Sichuan South Airlines in Chengdu has already begun."

Jianhua faces away from them; on the table behind him are many neatly arranged documents he has already gone through.

"Specific information has already indicated that Dayong Construction, now a shareholder of the Tannan Airlines, is the largest stakeholder. Moreover, they have explicitly pointed out finding some loopholes and profit-loss trends in the entrusted wealth management with Chuannan Aviation Group and our securities firm." "What are you worried about" Zhan Hua immediately asked.

One woman said, "This move by the Chuannan Aviation Group will not only withdraw a large amount of funds but also, importantly, this restructuring is at the center of attention. The materials they have laid out will inevitably have a significant impact on us. Being right in the middle of it all, I fear other businesses may run into problems as well. The consequences are unimaginable."

"Why would Dayong Construction suddenly intervene and investigate this issue Why raise these matters at the board meeting And some of these transaction details could even be considered absolute commercial secrets; apart from traders or a few who signed confidentiality agreements, no one else should know them. How did they get such precise information"

Zhan Hua had already turned around with a cold gaze towards the people in front of him. When his eyes swept over each person present, everyone felt an uncomfortable chill run down their spine. Despite having weathered numerous storms and some even being seasoned veterans who had orchestrated significant market events, they still felt a cold sweat at the back of their necks when facing Zhan Hua's gaze.

He slowly said, "You have all walked through many years with me; some are my mentors, others my students. We're comrades-in-arms who fight side by side. But if I find out who is merely paying lip service," Zhan Hua grabbed the ashtray in front of him and smashed it to pieces on the floor with a loud bang. Everyone was stunned.

Then he said, "He won't have a good ending."

The beautiful young woman who had directed the great bear-bull battle in 1996 sat on the sofa, trembling as she lit a cigarette, her eyes slightly red and turned to one side. Even with her casual nature, she dared not provoke Zhan Hua at this moment.

"I believe that although Dayong Construction's data is precise and its predictions align closely with our professional forecasts, there are still some differences when scrutinized carefully. Several periods differ, and some prediction outcomes aren’t accurate either. But their grasp on the strategy of heavily holding shares is extremely precise. This is internal confidential information; apart from a few of us, Peng Lixin might know something too, but he wouldn't needlessly harm himself." A man adjusted his glasses and stated firmly, then looked at everyone with an expression filled with suspicion "I think it's possible that some of us here might be turning against our own."

Two people immediately changed their expressions. One stood up and shouted, "Don't you dare speak nonsense! Zhang Peng, do you believe I can make you sink to the bottom of the Huangpu River tonight so that you won’t see tomorrow's sun" Another person said, "No one is afraid of being intimidated; I trust General Manager Zhan has sharp eyes. Don’t threaten me or it could be anyone’s game." “Enough!” Zhan Hua waved his hand and said, “All of you, out!”

The crowd gradually left, and Ye Shuquan also prepared to leave. However, at the door, he turned back and said, "Mr. Zhan, I have talked with Peng Lixin. That guy is a failure; when he saw me, he was so scared that his pants nearly fell off in fear. At first, he dodged my questions, but later on, I managed to find out the truth: it all started because he caused trouble at a bar and ran into Su Licheng's son, who then gave him an ultimatum. After that, the thief got caught..." "Su Licheng" Zhan Hua frowned as Ye Shuquan sensed that this was enough and quietly left. However, Zhan Hua leaned back in his chair and fell deep into thought.

"Those who truly run businesses and big enterprises only have a limited understanding of the public market. They should be clear about capital operations; we are an aviation group, and pursuing capital operations would be like putting the cart before the horse. The stock market cannot remain good for long as it is cyclical. As a company supported by its main business, it also can't rely on turning losses into profits through such means!"

Before the board of directors, Su Licheng dropped one bombshell after another. Even once slamming his hand on the table, startling Peng Lixin and others so much that their expressions twitched. Seeing this scene, Su Licheng actually wanted to laugh inwardly; he had reminded him about “slamming the desk in anger,” saying that it might frighten them into a state of fear. This was just a joke they had made over the phone last night regarding today's board meeting, but Su Licheng's thoughtfulness indeed achieved some unexpected results.

"In the past, how chaotic was the group's financial situation Just one director's signature from the finance company could調動數千萬資金。在航空集團麵前的許多高管在國內頂級俱樂部擁有會員資格,而這些會費竟然由集團公司支付?財務中存在如此巨大的漏洞,在高層、運營和資本運作方麵。”蘇理成擲地有聲地說,“航空集團麵臨著很大的經營壓力,年複一年地叫苦連天,但難道這就是他們叫苦的方式嗎?一邊組團去歐洲旅遊,一邊又叫苦盈耳說運營虧損?不振主業,賭博心態十足。這種情況必須整改,而且刻不容緩。”

The crowd exchanged glances, and one by one, they started to speak up. Peng Lixin turned his head to the side; this situation was different from the strict meetings with the Chengdu government agencies. The current board of directors had fallen into a deadlock, and Peng Lixin and others ignored it, sneering coldly—this was nothing out of the ordinary.

"Therefore, we propose holding a vote to request an investigation; given that the financial department of the original Southern Air Group and the management module responsible for finance operations have made undeniable mistakes leading to huge losses and economic disputes, we propose to dismiss Peng Lixin from his position as director of the finance company and have him step down from the board. We also propose to dismiss Du Dinting from his post as vice president of the aviation group, with the same requirement that he step down from the board." This proposal finally sparked a big wave.

The expressions of Peng Lixin and Du Dinting were dark and uncertain for a moment, then showed a grim and cold smile like a gambler who had gone all in.

Looking at the current situation of the board of directors, it was clear that at least two out of five independent directors supported this proposal. Shanghang and Shanhang Airlines would likely remain neutral, while Nanfei Group might even side with them. With only three votes from Dayong Construction and possibly adding one or two independent directors, how could they change the situation Was this not overestimating their capabilities

"So I have a share in this as well," Du Dinting smiled and looked at Su Licheng before jokingly addressing everyone present, "Let's start voting then. Those who support this resolution, please raise your hands."

Su Licheng is beside his longtime partner Tong Jianjun, and the other seat belongs to someone from the municipal government. Naturally, they raised their hands, as Tian Nan Aviation Group is a project主導 by the Municipal Committee and Government, with contributions from Dazhong Construction. The government naturally has a stake in this matter. This also demonstrates Secretary Wang Bo of Rongcheng City's commitment to supporting Su Licheng at such an important juncture today. No one can ignore the attitude displayed by the municipal committee and government.

The three seats are unquestionably secured, followed closely by the quick response from independent directors. Three people agreed with Su Licheng, while two supported Peng Lixin's side. The vote stands at six to seven.

Shanghang Airlines abstains, and so does Shanhang Airlines. Although they each hold a 10% stake in the company, their interests lie more with the original management of the aviation group rather than operational matters. They merely need to ensure that their stakes bring profits. Whether or not the restructured aviation group will soar under a bright future is something local governments and corporate management are concerned about. These airlines do not care.

Peng Lixin and Du Dingting exchanged glances, seeing the meaning in each other's eyes. The backing of Nanning Group behind Nanfei Group cannot be underestimated. Who is the influential figure behind Nanning Group It is the massive conglomerate that supported Tao Changping before he fell from grace in Rongcheng City during winter. It’s a gathering place for political and business figures within the Tao family faction, capable of changing fortunes with just a move. Su Licheng's son even had a conflict with the eldest scion of the Tao family, making their relationship highly adversarial.

According to rumors, Nanning Group invested in Nanfei Company precisely because they couldn't swallow their pride from that winter in Rongcheng City. They mobilized numerous connections and resources to intervene in this matter. Under such circumstances, it was impossible for them to support Su Licheng.

Therefore, Dazhong Construction's efforts would merely result in a laughable outcome, further eroding their credibility and influence as the major shareholder. The restructuring of Chuannan Group would then proceed without addressing any original issues or sins, burying them under the sands of time forever. Du Dingting had even prepared his concluding remarks.

Just then, he noticed that two representatives from Nanfei Group raised their hands after a long stare with Su Licheng's side, finally declaring an alliance. Su Licheng thought to himself that this good news should be conveyed to his son in Shanghai as soon as possible. Agreement.t’s my birthday party. You both have to come! No gifts are necessary!"When saying this, Chen Lingshan looked quite cheerful; however, her gaze never met Su Cen but stayed on Tang Wu."Next week" Tang W...