allendalepharm Chapter 173 Promotion
Chapter 173 Promotion
Chapter 173 Promotion (Part 2)
On the third floor of the restaurant, Jiang Kai, Yu Sheng, Wu Wenjun, and Fang Wei gathered together for a meal and talked about the company's newly released announcement.
Of the four, Yu Sheng and Fang Wei are both newly promoted executives, but this matter was basically settled half a month ago. Last week, Dai Songquan had a private talk with them. It is indeed something to be happy about, but not exactly a surprise.
They were quite surprised to see Wei Hongsi appointed as the board secretary.
Apart from Wei Hongsi himself, only Ji Yongsheng, Gu Shiming, and Qian Jiayu had been consulted by Dai Songquan beforehand and were informed of the situation. Everyone else only found out after seeing the announcement.
However, they knew Wei Hongsi quite well and knew what he had done for the company, so they weren't as surprised as Lu Jiaqi and Li Xuan.
Yu Sheng exclaimed, "Hong Si is setting a precedent. I remember he's not even twenty-five years old yet. Has the company's board of directors ever had such a young member?"
Jiang Kai nodded and said, "Yes, when President Dai founded Zhiwei, the youngest team member was already in his early thirties."
Wu Wenjun said, "Putting age aside, it's actually quite reasonable. President Dai is just rewarding those who have made contributions."
Yu Sheng said, "That's right. With Hong Si's personal abilities, being a director might be a bit difficult, since he would have to handle a lot of miscellaneous tasks, but leading a project team would be more than enough."
As Wei Hongsi's immediate supervisor after joining the company, he couldn't help but feel proud.
Fang Wei agreed, saying, "I really agree with that. Speaking of establishing the evaluation standards system, I also benefited from Hongsi's efforts."
Wu Wenjun said with a smile, "He not only made a name for himself in our company, but he is also highly regarded by the police. According to my old comrade-in-arms, he has already qualified for a third-class merit award. If the leaders from Beijing submit the application, it's practically a done deal."
"Wow, impressive!" Jiang Kai exclaimed. "This is already officially registered. And this group owner still wants to find someone to mess with Hongsi. He's really stubborn."
Hearing him mention this, the other three couldn't help but laugh. The company's higher-ups all knew about the mess Tai Liqun had made; he was truly both hateful and pathetic.
They readily accepted Wei Hongsi's extraordinary promotion.
This young man not only possesses convincing professional skills, but also exhibits a maturity beyond his years and handles people with great propriety, making him someone you can confidently entrust with tasks – qualities that are crucial for a manager and team leader.
They knew that General Manager Dai had a deeper purpose in making this arrangement for Wei Hongsi, but it was not appropriate to discuss it casually at the dinner table.
Dai Songquan's decision to re-elect the board of directors at this juncture is a strong signal to the company's shareholders.
The new board of directors includes four external directors who are also company shareholders. A simple calculation reveals that these four individuals collectively hold 14% of the shares, which, combined with Dai Songquan's personal shares and those held on his behalf, amounts to 53.5%, exceeding the threshold for absolute control.
Whether those four shareholders have sided with Dai Songquan is also easy to verify. The remaining shareholders will naturally try to find a way to verify this after seeing the announcement.
Of course, the purpose of issuing this announcement was not only to declare Dai Songquan's dominance over Zhiwei and warn those shareholders not to make any more underhanded moves, but more importantly, to force them to surrender.
Placing Wei Hongsi, a young man, in the position of board secretary is meant to signify a change of leadership and to let those shareholders who harbor illusions and hinder the company's development know that it's time for them to step down.
Dai Songquan adopted this strategy due to the limitations of the conditions.
Zhiwei is not a publicly listed company. As the major shareholder, his main income comes from annual dividends. A large portion of the dividends he receives is used to repurchase shares, gradually bringing his shareholding back to the 52% he had at the time of the company's founding.
These repurchased shares had previously been held by him, and due to the corresponding additional clauses, they were not difficult to recover. Therefore, his cash flow is relatively limited, far less than that of founders of listed companies of similar size.
After acquiring Bu Liqun's shares, Dai Songquan had less than 3 billion yuan in cash at his disposal, far from enough to take over the shares held by the other shareholders.
Even if the executives inject some cash through the option pool, it would only amount to a few hundred million more. The company's senior management team has been employees who only receive salaries for years, and their earnings are less than one-tenth of a small shareholder's dividends. They simply don't have much cash to offer.
Even if the company's other shareholders are not entirely clear on this, they can roughly make that judgment.
But Dai Songquan was playing his cards openly. He already had absolute control of the company, so he wasn't afraid that the shareholders wouldn't come to negotiate.
However, such negotiations cannot involve everyone; they must be differentiated. Issuing this announcement also gives those shareholders time to react and consider; addressing them one by one is more in the company's best interest.
Simply put, let the bullets fly for a while.
Jiang Kai and other company executives are not yet shareholders, but they will be the direct beneficiaries of the company's equity changes. Therefore, they are very cautious about these kinds of issues, and are unwilling to discuss them casually, even when dining behind closed doors in a private room.
After the four finished their meal, they came out of the restaurant and ran into Wei Hongsi and Xia Shiyu, who were walking inside.
Yu Sheng joked, "Hongsi, you're newly appointed, shouldn't you treat us to a meal?"
Wei Hongsi smiled and replied, "No problem."
Wu Wenjun said, "If we're really going to invite them, shouldn't General Manager Yu and General Manager Fang at least offer their own gestures?"
Yu Sheng said, "I'm fine with that too, we can go together."
Fang Wei nodded and said, "I have no objection."
After chatting for a few minutes, Wei Hongsi and Xia Shiyu went into the restaurant.
Wei Hongsi had just finished following up online on the deep brain scan of the third victim of the "death order," so he came out relatively late, and Xia Shiyu had been waiting for him.
The two got some food and found a seat against the wall.
"The treatment is progressing smoothly so far, and no unexpected situations have arisen."
During the meal, Wei Hongsi gave Xia Shiyu a brief overview of the situation. According to the police's schedule, Xia Yuansheng's treatment was scheduled for Friday. Telling Xia Shiyu this was meant to put his mind at ease.
Xia Shiyu asked, "Can I go on Friday?"
Wei Hongsi said, "Sure, I'll be there, and we'll go together. After your father's treatment, you can take him straight home; he doesn't need to go back to the company."
Xia Shiyu nodded: "Thank you, Mr. Wei."
Wei Hongsi couldn't help but laugh: "You're welcome, Mr. Xia."
Given Xia Yuansheng's condition, even after the "death order" is lifted, he will still need to continue recuperating, and his shareholder rights will still be exercised by Xia Shiyu on his behalf. Therefore, in a sense, Xia Shiyu is also a member of the board of directors.