The penniless son of the penniless ...

Chapter 113 Xu Qingpei gnashing his teeth
Hearing Zhang Junfeng say this, several smart shareholder representatives applauded in agreement, making the atmosphere on the scene quite awkward. Especially the executives of Amore Cosmetics Company, they knew too well what would happen if Zhang Junfeng succeeded in making additional investments? !
Not to mention that the Xu family has lost the right to operate Emily Cosmetics Company, but these executives may also face the risk of being forced to take sides or even being fired. This is definitely not good news for them!

Faced with Zhang Junfeng's provocative words, Xu Qingpei wanted to beat up this arrogant guy on the spot, but the situation was stronger than the person, and he could not get angry and fight at the shareholders' meeting. He could not invest the money that the group had accumulated with great difficulty into Emily Cosmetics Company just for a momentary anger.

After all, the change of ownership of the cosmetics company is a foregone conclusion. When Zhang Junfeng deposits the $2.5 million investment into the cosmetics company's account, the company's equity will change significantly. Comet Capital on Zhang Junfeng's side will become the company's largest shareholder with more than 50% of the shares, and the equity of other people will be diluted to varying degrees. If I continue to invest in the cosmetics company, wouldn't it be like throwing meat buns at dogs, with no return? !
Seeing that Xu Qingpei chose to remain silent, Zhang Junfeng's smile became even brighter. If this guy hadn't refused to cooperate, he wouldn't have gone to such great lengths to take over the management rights! However, according to the current process, it was too late to change the management of the cosmetics company on the spot.

……

Following Wu Mingxi's reminder, Zhang Junfeng quickly called the heads of the legal and financial departments of the cosmetics company to draft a contract for additional investment and change in shareholder shareholding ratios. At the same time, he called KB Bank and asked them to transfer the 2.5 million US dollars that had been prepared to the cosmetics company's public account within an hour.

Although according to the process, it will take at least several hours to complete the recalculation of investments and company shares.

But this did not prevent Comet Capital from advocating a second resolution to replace the president of the cosmetics company. Of course, these shareholders were well aware of Zhang Junfeng's intentions. Things had already developed to this point, and Comet Capital's acquisition of Emily Cosmetics Company was a foregone conclusion. It would be futile for them to oppose it.

In the end, Cui Yanli, recommended by Zhang Junfeng, replaced Xu Xingmin and successfully became the new president of Emily Cosmetics Company.

Cui Yanli was also very excited about this result. Not long ago, Zhang Junfeng sent someone to LG Group to negotiate, hoping to hire professional cosmetics company management talents. At that time, many seniors who were more experienced and senior than him were not optimistic about Comet Capital's recruitment.

(Note: Since KB Bank holds part of the debt-for-equity swap of LG Group's cosmetics company, the relationship between Comet Capital and LG Group is relatively good.)
In their opinion, although Comet Capital has frequently acquired many companies and enterprises during this period, they do not think that switching jobs and following Comet Capital would be better than retiring in LG Group.

He was the only one who was bold enough. He was a middle-aged executive who was unwilling to continue to work hard at LG Cosmetics Company and would not have any job promotion in the next few years. So he submitted his application with a risky mentality, intending to try his luck with Comet Capital.

Fortunately, the position that the boss Zhang Junfeng promised me actually came into my hands, and I became the new president of the cosmetics company under the Emily Group. The previous decision was really wise!

...After the temporary shareholders' meeting ended, Xu Qingpei led his subordinates to leave in a hurry in a rage, and Zhang Junfeng showed a happy smile on his face. Speaking of which, if this guy surnamed Xu had not refused to cooperate, they would not have spent so much time and money to barely win the management rights of Emily Cosmetics Company.

Fortunately, the ending was good. The cosmetics company was successfully taken over according to the previous plan. Zhang Junfeng instructed Cui Yanli to quickly adjust the senior staff of the cosmetics company and restore the production and R&D of the company's factories to normal. In particular, the overseas sales of cosmetics must be stabilized and no losses should be allowed.

Cui Yanli readily agreed to Zhang Junfeng's request. Now that he has successfully taken over, he naturally needs to make certain achievements to prove his strength and be qualified and capable of managing this cosmetics company!

……

On the way back to Mingren Law Firm, Wu Mingxi and Wu Xiuying also showed excited smiles. Now that the task was finally completed, they thought the special "benefits" promised by the boss before should be secured, right?

When Wu Mingxi shamelessly asked Zhang Junfeng about the Emily cosmetics gift box, Zhang Junfeng smiled and teased, "Don't worry, Director Wu, there is naturally no problem with this small gift. Just say hello to Brother Cui Yanli and let him arrange it!"

"... Director Wu and Attorney Xiuying will have to work hard next. I plan to form a new group with all the companies under my umbrella next month for easier management. At that time, the lawyers from the law firm can also take up rotation positions in the group's legal department. As for Director Wu, you will have to work hard as the director of the legal department!" Zhang Junfeng, who was in a good mood, told the two of them about his next plan while turning the ring in his hand.

"Establishing a new group?! Lawyers from a law firm can also serve in the legal department of a group? Boss... are you going to step forward and become the chairman of the new group?" The one who asked this was Wu Xiuying, who looked a little excited. In her opinion, if the boss could really be like what she imagined, then those of them who had joined him early on would definitely be able to rise to great heights!
Seeing Wu Mingxi's curious eyes, Zhang Junfeng explained with a smile, "Yes, we are going to set up a new group, but the chairman is not me but Fuzhen! I have no interest in managing or operating a business. Let others take care of this annoying thing~!"

Hearing that their boss Zhang Junfeng still wanted to be a hands-off boss like before, the brother and sister Wu Mingxi and Wu Xiuying were helpless to complain. The chairman of the group is a high position that many people dream of and struggle for their whole lives to achieve, but in Zhang Junfeng's eyes, it is like a hot potato that he doesn't want to touch. This is simply too Versailles!
But despite all the complaints, Wu Mingxi was still very happy! In less than two years since he joined Zhang Junfeng, the once empty-shell law firm had grown greatly in size and staff thanks to the support of Zhang Junfeng, the big boss. He was about to become the head of the legal department of the new group. He was making a lot of money!

(End of this chapter)