Chapter 0694: Troublesome

As the saying goes, one may have heard the truth at different times, and each has their own specialization.

Zhao Fusheng naturally understood this principle, so he had always tried to avoid industries he didn't understand. Even when he wrote a script, he wouldn't go to the set and meddle, because he knew he wasn't cut out for it and couldn't grasp the intricacies. If he were to give random orders, he might end up making a fool of himself.

But he never expected that this time, he would indeed make a fool of himself.

"You mean, for a company like ours, we don't even need to consider acquisitions or anything?" Zhao Fusheng stared at Han Bin in astonishment and asked.

Han Bin sighed and shook his head helplessly. "You know, I bet your understanding of stocks is limited to the exchange floor. You don't have a clue about limited liability companies or shareholders' meetings, do you?"

Zhao Fusheng nodded slightly awkwardly. In fact, he really didn't understand the difference.

In his view, although each shareholder held a different share of equity, voting at a shareholders' meeting wasn't determined by the amount of equity.

Of course, this was also because Zhao's father had told Zhao Fusheng that every time the company had a meeting, everyone would vote by a show of hands. If the majority agreed, the matter would be passed.

As for things like equity stakes, Zhao Fusheng thought they only needed to be considered after going public.

Seeing his expression, Han Bin curled his lips and said, "Here's the thing: the shareholders' meeting is the authority composed of all shareholders. It is a plenary session attended by all shareholders, not a representative meeting. In modern enterprises, equity is dispersed, with tens of thousands or even hundreds of thousands of shareholders, making it impossible for all to attend. Therefore, shareholders who cannot attend in person should entrust others to vote on their behalf, reflecting the will of all shareholders. For a company like yours, which hasn't even gone public and is just a partnership among friends, there is no such thing as a shareholders' meeting. The share of equity each person holds determines their say in the company. Understand?"

"Not really..." Zhao Fusheng blinked, his face full of surprise.

To be honest, he truly didn't understand what Han Bin was saying. He knew the meaning of each word, but when put together, it sounded like gibberish.

Han Bin also realized that Zhao Fusheng was a complete novice in finance, having sought his help with only a half-baked understanding of financial knowledge.

Sighing, Han Bin patiently said, "Do you know what a shareholders' meeting is for? At a shareholders' meeting, you need to elect directors, amend the company's articles of association, declare dividends, discuss increasing or reducing the company's capital, review the business report presented by the board of directors, and a series of other tasks. In short, your company currently doesn't even have a board of directors. It's just a..." He paused, finally finding an adjective: "a township enterprise. Yes, that's it, a township enterprise."

Township enterprise!

Hearing those four words, Zhao Fusheng was completely dumbfounded. He hadn't expected that the company he had painstakingly put together would be equated with a township enterprise in Han Bin's eyes. How frustrating!

Little did he know, Han Bin hadn't finished speaking. Seeing Zhao Fusheng silent, he sighed and continued, "And let me tell you, in a situation like this, the company is neither listed nor has it elected a board of directors. The shareholders' meeting basically operates on a one-share-one-vote basis. In other words, back when your family founded the company, the amount of money you contributed and the share you held determined your voting power. Get it?"

Zhao Fusheng perked up. His father had mentioned this to him. He blinked and looked at Han Bin. "You mean, if my dad now holds more than fifty percent of the shares, he can directly reject Ma Qianli's acquisition and reorganize the mall's operations?"

Han Bin nodded. "That's only natural. But we can't interfere with the fact that they sold their shares to that Ma guy—that's their freedom. If you want to regain absolute control of the company, don't set up a board of directors. Just wait for the company to go public, then issue rights to dilute his equity."

Rights offering?

Zhao Fusheng looked puzzled, clearly half-understanding. But Han Bin waved his hand and said, "Look it up yourself. Anyway, I can tell you now, I don't need to step in and drive up the price. Just have your dad kick them out."

Zhao Fusheng took a deep breath, trying to calm himself. He really hadn't expected that after going around in circles, things would turn out like this.

In a sense, if what Han Bin said was true, then there was no need to exert any effort to break today's deadlock. At most, he'd owe Han Bin a favor.

With that thought, Zhao Fusheng looked at Ma Qianli and suddenly smiled.

If he wasn't mistaken, that bastard Ma Qianli must have been counting on his father and Chen Hai not understanding the ins and outs, which was why he was so eager to acquire their company.

In other words, the guy's plan was to take advantage of everyone's ignorance, set up a board of directors, and then use the imbalance in board membership to achieve his goals.

With that, Zhao Fusheng spoke up. "Chairman Ma, I'm sorry, but I don't think there's any point in continuing today's discussion."

"What?"

Everyone was taken aback. Ma Qianli frowned deeply, his intuition telling him something bad was about to happen.

Hou Liangping and the others exchanged bewildered glances, not understanding what new trouble Zhao Fusheng was stirring up. It seemed nothing good had happened since this kid came back.

Zhao Fusheng's expression was calm. He glanced at his father and Chen Hai, then at Hou Liangping and the others, before saying to Ma Qianli, "As the company's major shareholder, my dad has no right to interfere with your purchase of Uncle Hou's shares. So go ahead and buy them. After that, just wait for your year-end dividends. As for the company's operational and management rights, I'm sorry, but you can't meddle."

"As for the board of directors, that requires discussion between my dad and the second-largest shareholder. As for a meeting, well, you know, it takes time..." Zhao Fusheng said slowly, looking at Ma Qianli with a half-smile.

Ma Qianli's face suddenly darkened. He knew that what he had been trying to hide had finally been discovered.

But he hadn't expected that this young man named Zhao Fusheng would be as troublesome as Hou Liangping had said.