I'm in the county town, and you say I'm a big shot?

Chapter 489 Just flip the table
"But your Taiping Commerce only accounts for 20.8%!" Han Yongdong retorted.

“Alright, Lao Han, let’s not waste our breath here. Let the shares speak for themselves!” Wang Zhenxi said, leaning back comfortably in his chair.

Seeing the other party's calm demeanor, Han Yongdong suddenly had a bad feeling: Did the other party already know about his plan?

But now the arrow is on the string and has to be shot.

He calmed himself down and said loudly, "Although my Baichuan Commerce only holds 18.3% of the shares, I have authorization letters from three shareholders: Jinggong Technology Co., Ltd., Da'an Investment, and Tianhong Science and Trade!"

As he spoke, Han Yongdong took out three documents from his briefcase, waved them, and continued, "They have a total of 23 billion shares, which means my share capital is 34 billion shares, accounting for 56.7% of Baoshang Bank's total share capital. I have already obtained a simple majority and can completely reject your proposal!"

After Han Yongdong finished speaking, he was about to distribute the three power of attorney documents to the other directors, but Wang Zhenxi stopped him.

"Wait a minute. Don't rush, Lao Han, take this call first."

"What call?" Han Yongdong was baffled; his phone hadn't rung at all!

But just then, his phone rang loudly. He took it out and saw that it was Zhao Hong, the general manager of Jinggong Technology, calling.

The call connected, and Zhao Hong's voice came through immediately: "President Han, this is Zhao Hong. The letter of authorization I gave you is void."

"What?! It's void?!" Han Yongdong exclaimed in shock. "Why? Didn't we agree on that the other day?!"

"I'm sorry, I drank too much that day. Your assistant Gao Wa is such a heavy drinker. I agreed without thinking, but then I realized something was wrong."

"Mr. Zhao, the power of attorney has your signature and your company seal on it. How can you just void it like that?!" Han Yongdong was furious.

"I told you I was drunk, so it doesn't count. That's why I called to let you know. Hope it doesn't interfere with your plans."

You said you wouldn't interfere with my business?
Why would you pull this stunt at such a crucial moment?
Han Yongdong was so angry he almost vomited blood. Before he could hang up, another call came in, and it turned out to be from the CEO of Da'an Investment.

He immediately sensed something was wrong. When he answered the phone, it was almost exactly what Zhao Hong had said: "Your assistant got me drunk, so this power of attorney is invalid. I hereby declare it null and void," and so on.
"Damn it, why did you have to say it now?!" Han Yongdong couldn't help but curse.

He now realized that the other party had done it on purpose, deliberately calling at this time to embarrass him in front of so many board members!
He glanced at Wang Zhenxi's ambiguous smile sitting in the head seat and immediately understood.

This guy orchestrated it all! These three shareholders are actually in cahoots with him!

it's all over,
Han Yongdong saw that Tianhong Science and Trade had also called, so he simply hung up.

"Finished the call?" Wang Zhenxi said with a smile, "Old Han, if all three letters of authorization are invalidated, you only have 18.3% of the shares, so you can't overturn my proposal."

"You won, I admit defeat, okay?" Han Yongdong replied irritably.

"Admit defeat?" Wang Zhenxi sneered, then his expression suddenly turned serious: "In my capacity as chairman, I propose that we convene a shareholders' meeting to reorganize the board of directors and remove any incompetent directors!"

what?
Reorganizing the board of directors?!

Han Yongdong stared at him blankly for a while before saying, "Wang Zhenxi, you're so ruthless."

The board meeting did not end until 6 p.m. Following Zhang Zhenxi's suggestion, a shareholders' meeting was convened to reorganize the board of directors, remove directors Liu Yan and Ma Xinghua, and elect Jiang Kang and Zhang Xiaojun. The meeting was scheduled for the 17th day of the first lunar month after the Spring Festival.

That evening, Wang Zhenxi really treated everyone to dinner. Han Yongdong, along with Liu Yan and Ma Xinghua, who were about to be dismissed, did not attend.

Fang Qingye naturally stayed.

“Chairman Wang, I really am in the process of closing the mountain to reforestation, I can’t drink.” “My secretary? She’s on her period.”

Today was quite a show; the script was basically exactly as I had guessed.

That evening in her room, Fang Qingye and Bai Ou had a video call on WeChat and talked about the meeting that day.

Bai Ou was surprised to hear this: "According to what you said, Wang Zhenxi not only completely controls the board of directors of Baoshang Bank, but also forms an alliance with other major shareholders, making him the sole dominant figure in Baoshang Bank."

"It's not just the alliance; I suspect that companies like Taiping Commerce, Jinggong Technology, Da'an Investment, and Tianhong Science and Trade are actually controlled by a certain company!" Fang Qingye said calmly.

"If, as you say, so many shareholders listen to one company, this company is terrifying," Bai Ou said thoughtfully.

"Yes, it's terrifying."

"Then Ye Zi, wouldn't your position on the board of directors of Baoshang Bank be very awkward, or even dangerous?" Bai Ou asked worriedly.

"It's embarrassing, but not dangerous," Fang Qingye said with a smile.

“Even if that shadow company controls Baoshang Bank, the board of directors still needs someone like me to be a figurehead. As long as I listen to the rules and don’t vote recklessly, my position as a director is still very secure. After all, I only have 1.6% of the shares, which poses no threat to them at all.”

"Then Ye Zi, your position as a director of Baoshang Bank is a bit of a liability," Bai Ou laughed.

"It's useless now, but it might be in the future." Fang Qingye replied calmly, "Alright, let's not talk about this. Tomorrow I'm leaving Baotu and preparing to go to Hohhot."

What are you going to Hohhot for?

"I met someone from the Inner Mongolia Banking Regulatory Commission, who was a friend of Zhong Huai."

Bai Ou had heard Fang Qingye mention Zhong Huai, a classmate of Shi Guangrong. He was a division chief at the Jiangsu Provincial Banking Regulatory Bureau, and had now been promoted to deputy director.

It's not surprising that Fang Qingye is going to see Zhong Huai's friend now, but...
"Ye Zi, I have a feeling you're planning something big with Baoshang Bank." Bai Ou suspected that Fang Qingye hadn't told her something.

"We're playing chess, but it's not a grand strategy," Fang Qingye explained. "Alright, honey, don't worry about it. I'll tell you later."

Since that was the case, Bai Ou didn't ask any more questions. The two chatted about family matters for a while before hanging up the phone.

The next day, Fang Qingye and the others left and took the train directly to Hohhot. Before leaving, they said goodbye to Zhang Zhenxi and told him that it was their first time visiting Inner Mongolia and that they would like to visit Hohhot.

Wang Zhenxi immediately sent someone to take the three of them to the train station and said goodbye to him with a smile.

"President Fang, see you at the shareholders' meeting after the Spring Festival."

"I'm sorry, I won't be able to attend the shareholders' meeting; I'm just too busy with work. But don't worry, I will support your proposal in writing, Chairman Wang!"

Upon hearing this, Wang Zhenxi smiled and said, "Hehe. It seems our future cooperation will be very pleasant."

"Of course, it's all for the development of Baoshang Bank."

"Yes, for Baoshang Bank."

(End of this chapter)