Power and wealth bring fragrance
Chapter 121 Overwhelming Domination!
Who are you?
One of the directors from Mediterranean was the first to speak out, looking at Wei Yuan with a mixture of confusion and anger.
"This is the board meeting of Dingsheng Group. Who are you, some nobody, daring to sit in the chairman's seat?"
"Get out!"
After their initial shock, the other directors joined in, pointing their fingers at Wei Yuan and hurling insults.
"That's right, who on earth dares to cause trouble at Dingsheng Group? Have someone throw him out!"
"Are all the security personnel dead? How come they let just anyone in?"
"Where's Liu Ding? Why hasn't he arrived yet? What's going on?"
The sudden board meeting had already raised concerns among the directors, and now a completely unfamiliar face had appeared, casually sitting in the chairman's seat and announcing the start of the meeting.
Such bizarre events heightened the board members' suspicions and made them sense something was amiss.
While some were angrily rebuking Wei Yuan, others harbored ulterior motives and were subtly trying to elicit information.
Wei Yuan calmly smoked his cigarette, ignoring the director's angry rebuke, and leaned back in his chair, casually blowing smoke rings.
After the group of directors had finished cursing and their voices gradually subsided, Wei Yuan stubbed out his cigarette, picked up the copy of the transfer agreement that Chu Lingyi had made, and pushed it directly to the center of the conference table.
"Finished yelling?"
"Then take a look at this."
The Mediterranean director, who was closest to the document, immediately picked it up and began to quickly flip through it.
Upon seeing this, the Mediterranean director's expression instantly changed. He abruptly raised his head and stared at Wei Yuan in utter shock, his voice even changing tone.
"Liu Ding sold all his shares to you?"
"How is this possible?"
"How come we didn't know about this!"
boom!
The Mediterranean director's three sentences were like a bomb thrown into the sea, causing a huge uproar.
All the directors widened their eyes in shock as they stared at Wei Yuan, who remained calm and lit another cigarette. The situation instantly erupted into chaos.
"Has Liu Ding gone mad?"
"He owns 79% of the entire group. Dingsheng Group is essentially his personal empire. Transferring all his shares would be like handing over his entire fortune. How could that be possible!"
"Even if Liu Ding had his head caught in a door, he wouldn't do such a thing!"
"Liu Ding was still talking to me about new project plans the day before yesterday, how could he possibly sell his shares!"
"Even if he wanted to sell, he wouldn't do it without discussing it with us. There's definitely something fishy going on!"
"Liu Ding, he needs to give us an explanation for this!"
"Even if Liu Ding wanted to sell shares, he would definitely sell them to us first. Why should he sell them to a complete stranger like you?"
"Yeah, you didn't kidnap Liu Ding and force him to sell, did you?"
"Where's Liu Ding? Tell him to come out!"
The directors were chattering amongst themselves, and some even stumbled upon the truth by accident, prompting Wei Yuan to glance at them.
Seeing the directors shouting incessantly, Wei Yuan was too lazy to say anything more to them, so he grabbed the heavy ashtray on the table and threw it away.
"boom!"
The ashtray slammed against the wall, instantly shattering into countless tiny particles that flew outwards.
The force was so great that it even smashed a dent into the wall.
The sudden loud noise startled all the directors, who instinctively shut their mouths and turned to look, silencing the meeting room instantly.
"How annoying."
Wei Yuan exhaled a puff of smoke, his gaze calm and almost indifferent as he stared at all the directors present.
"I had no idea Liu Ding had so many filial sons and grandsons who cared so much about him?"
"I'm too lazy to say more. The transfer agreement is right here in black and white. All of Liu Ding's shares have been transferred."
"And this agreement has already been officially filed and taken effect by the Commerce Committee under Parliament."
"Whether you accept it or not, I'm now in charge of Dingsheng Group!"
"If you have any other opinions, you'd better keep them to yourself."
"If you really can't hold it in any longer, then fine, sell your shares and leave."
"You sell on the spot, I collect on the spot, and I make payment instantly. I treat everyone fairly, young and old."
Controlling 79% of the shares meant that Dingsheng Group had become Wei Yuan's sole domain. He had no need, nor was he inclined to, engage in verbal battles or intrigues with these directors.
Now he's the dealer; whoever he wants to be eliminated has to be eliminated.
Liu Ding might need to rely on the resources or power behind these directors to succeed, but Wei Yuan doesn't.
Therefore, Wei Yuan made his intentions clear and revealed his bottom line.
If we can cooperate, then we should humble ourselves and play it safe.
If you can't cooperate, take your money and get out.
Wei Yuan was actually hoping they would choose the second path, so that he could free up shares to exchange for benefits.
Wei Yuan's idea was idealistic, but these directors were destined not to follow the path he had drawn up.
The directors exchanged glances, and in the end, it was the Mediterranean director who took the lead in firing a shot.
He stared intently at Wei Yuan and spoke each word clearly.
"We do not recognize this agreement."
"We will appeal to the Commerce Commission to have the filing cancelled and to have the agreement reviewed for any irregularities."
"If you want to be the bookmaker, you'll have to ask us for our permission first!"
"You're dreaming if you think you can kick us out!"
The Mediterranean director snorted coldly and forcefully slammed the transfer agreement onto Wei Yuan.
Wei Yuan pursed his lips and picked up the transfer agreement, placing it back on the table.
Chu Lingyi, who hadn't spoken since entering the meeting room, slowly stood up. Her pretty face, adorned with gold-rimmed glasses, was full of a radiant smile, making her even more charming.
However, her words were sharper than a blade.
"Distinguished directors, this is Chu Lingyi from Yunmeng Securities."
"Some of you here may know me, and some may not, but that doesn't matter. From now on, we are all part of the Dingsheng Group family, and there will be plenty of time to get to know each other."
"There's something I want to remind you about this equity transfer."
"This transfer agreement was personally stamped and confirmed by the Chairman of the Commerce Committee, and it is effective. If you want to appeal to invalidate the agreement, it will be useless to go to the Commerce Committee."
"It needs to be escalated to the next level, and the agreement needs to be submitted to the Deepsea City Council. It can only be withdrawn after the eleven councilors of Deepsea City Council discuss and unanimously agree to it."
"If even one member of parliament disagrees, the withdrawal application will be deemed invalid."
"I just want all eleven members of parliament to pass it unanimously, haha."
Chu Lingyi chuckled but did not continue speaking.
The faces of the Mediterranean director and other directors were as black as the bottom of a pot.
Many of them did indeed know Chu Lingyi, and knew that she was the face of the Chu family and controlled all of the Chu family's resources.
As for Chu Lingyi's elder brother, Chu Xinrou's father, he is a middle-aged playboy who is only nominally the head of the Chu family and has no real power.
They had some doubts and speculations when they saw Chu Lingyi enter.
However, after Wei Yuan launched the large plane, they were so shocked that they focused on attacking Wei Yuan and forgot about Chu Lingyi.
However, Chu Lingyi's intervention, along with the endorsement of the chairman of the Commerce Committee, instantly brought them to their senses.
Could this equity transfer be a scheme orchestrated by the Chu family behind the scenes?
Upon realizing this, the board members suddenly understood.
Although the Chu family has declined, its foundation is still there, and the connections and resources it possesses are beyond the imagination of ordinary people.
If it really was the Chu family who orchestrated this, exploiting Liu Ding's weakness and forcibly seizing his shares, that's highly likely!
Didn't you see that the Chu family even brought out the chairman of the Commerce Committee?
Even with the Chu family's resources, persuading the chairman of the Commerce Committee to endorse their products would have come at a considerable cost.
If the returns are minimal, why would they do something so thankless?
Only by completely acquiring the shares worth three to four billion yuan held by Liu Ding could the Chu family's appetite be satisfied.
The directors of Mediterranean and other directors thought it was possible more and more, and at the same time gave up the idea of applying to revoke the invalidity of the equity transfer agreement.
To withdraw from the agreement, the chairman of the Commerce Committee must give his approval.
But he personally signed and confirmed this agreement. Asking him to revoke the agreement he confirmed and filed would be like contradicting himself. Isn't that ridiculous?
As for the claim that the application to upgrade the status of parliament was unanimously withdrawn by all eleven members of parliament, that's even more absurd.
The eleven councilors of Shenhai City are truly at the pinnacle of power in Shenhai City.
He holds immense power over the daily lives of millions of people in Shenhai City, handling hundreds of millions of dollars every day.
What Dingsheng Group's three or four billion yuan is a lot of money to them, is nothing more than a number in the eyes of those congressmen who casually approve a document.
They couldn't be bothered with such a trivial dispute.
Moreover, the eleven members of parliament each belong to a faction and are constantly attacking each other.
Even proposals concerning the very foundation of Deepsea City couldn't get the eleven people to agree, so it's even less likely that these minor disputes will lead them to a unified stance.
Therefore, at this point, the transfer agreement is a done deal and cannot be changed.
The Mediterranean board members and others felt very aggrieved, but there was nothing they could do. They could only speak sarcastically to Chu Lingyi.
"What a brilliant move! They swallowed up Dingsheng Group directly."
"Your Chu family really has some tricks up your sleeve."
"Although Dingsheng Group is not a large company, all of its assets are owned by someone else."
"You've really overstepped your bounds this time."
"We can't do anything to you. There will always be someone else challenging you to a duel. Just you wait."
The Mediterranean director snorted and sat down directly.
The other directors also stared coldly at Chu Lingyi.
As mentioned before, they each have powerful backers supporting them.
Dingsheng Group's growth to such a large scale is inseparable from the support of powerful backers.
Similarly, every year a large amount of profit is transferred from Dingsheng Group to their backers, allowing them to continue to protect and support Dingsheng Group.
This is the meaning behind the Mediterranean director's statement that Dingsheng Group has an owner.
Although Liu Ding controls 79% of the shares, a significant portion of them are held on behalf of certain individuals who prefer not to be in the public eye, including their powerful backers.
Those hidden in the shadows are the true owners of Dingsheng Group.
Liu Ding is merely a cannon fodder laid bare in the open.
Now, the Chu family has somehow acquired all of Liu Ding's shares in one fell swoop, seemingly getting a huge windfall.
However, those powerful backers who have had their interests taken away will certainly not let this go and will definitely cause trouble for the Chu family.
Even if the Chu family were made of iron, how many ships could they make nails for?
The best is yet to come!
The Mediterranean board members exchanged glances, their eyes filled with malice.
They don't even need powerful backers to intervene; as directors of the group, they have enough ability to thoroughly damage Dingsheng Group.
Trying to swallow Dingsheng Group whole? You'll only get what you deserve!
The Mediterranean board members and others have already made Chu Lingyi their primary target.
As for Wei Yuan, who had just been passionately arguing with them, they had completely ignored him.
Since the Chu family is in charge, Chu Lingyi must be the leader.
Wei Yuan, a young man with an unfamiliar face, was merely a puppet that Chu Lingyi had placed on the table to attract fire.
Arguing with him would be an insult to them.
Chu Lingyi listened to the harsh words from the Mediterranean board members and others, fully aware of their intentions, but simply smiled and showed no concern whatsoever.
Wei Yuan is the real mastermind; with him leading the charge, what is she worried about?
After a brief exchange, silence fell over the meeting room.
Wei Yuan finished his cigarette in a few puffs and casually stubbed it out on the expensive solid wood conference table.
For Wei Yuan, who could inhale cigar smoke so deeply that it went straight to his lungs, smoking these cigarettes was just for fun, and he felt nothing at all.
I'll have to get some really good cigars later, that'll be enough to really kick things.
While lost in thought, Wei Yuan spoke casually.
"Now that we've finished arguing, let's get down to business."
"You should all know about the controversy Liu Ding caused a few days ago, which has had a very serious impact on the group."
"As the newly appointed chairman of the group, I naturally cannot stand idly by and watch this continue."
"So the first thing I did after taking office was to thoroughly investigate the quality issues of all projects under the group."
"Any instance of using inferior materials or cutting corners, no matter who it is, will be thoroughly investigated!"
Wei Yuan's tone was firm and resolute, yet it failed to elicit any reaction in the conference room.
On the contrary, the Mediterranean directors and others looked at Wei Yuan with mocking expressions, as if he were a fool.
Investigate thoroughly the use of substandard materials and shoddy workmanship, and get to the bottom of it.
How many people in the real estate business don't cut corners and use inferior materials?
Do you think you can make money without cutting corners?
Saying that is simply laughable!
Moreover, if all the subordinates are thoroughly investigated and dismissed, who will do the work?
The entire Dingsheng Group will suffer heavy losses and be forced to shut down.
If it weren't for decades of self-control, the Mediterranean board members would have almost burst out laughing, their eyes filled with contempt and mockery as they looked at Wei Yuan and Chu Lingyi.
That kid must be out of his mind to make such a stupid move.
From this perspective, they don't even need to interfere; Wei Yuan will destroy himself.
Wei Yuan naturally understood their gazes, but he didn't care. He played with his lighter and spoke casually.
"I know that many of you have also been involved in this dirty work."
"If you come forward and admit it now, I can let bygones be bygones."
"Otherwise, don't blame me for being ruthless."
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