High School Belle Fell in Love with Me-Chapter 261 - 152: The Cheating Scandal Exposed (Double - , Please Support with Monthly Tickets)

Chapter 261: Chapter 152: The Cheating Scandal Exposed (Double Chapter, Please Support with Monthly Tickets)

Wang Junsheng was genuinely panicked.

Because he couldn’t get in touch with the shareholders of Green Water Group.

The board meeting was scheduled for tomorrow, and his leverage here was not capable of competing with Bai Qing’s.

As it turned out, it seemed Bai Qing had known his intentions all along and deliberately said her 22% shares would only require 300 million in cash.

Isn’t this just an intentional humiliation? After all, the shares in Bai Qing’s hands, not to mention 300 million, even 600 million would have buyers fighting over them.

Previously, he was even willing to spend a billion to ultimately seize control.

He had more shares in hand, so when it came time to divvy up the money, he could naturally take a larger share.

Bai Qing’s move was ruthless, entirely devoid of any sense of propriety. It seemed she was directly using her local privileges to restrict those shareholders’ freedom.

The unreachable shareholders, who had not signed any proxy, could only be treated as abstaining.

...

March 4th, the eighteenth day of the lunar New Year.

The board meeting commenced as scheduled, but the entire office was quite chilly.

Representatives from Junsheng Capital arrived, followed closely by Bai Qing.

Wang Junsheng knew he was bound to lose and only came over with a determined face, as he needed to account for Fuguang Group.

Bai Qing was the first to speak, "President Wang, while the county officials have not arrived yet, shall we make a deal? I can sell all my shares to you."

"What!"

Wang Junsheng felt it was unbelievable.

Last night on the phone, he thought Bai Qing was joking, but saying this now didn’t sound like a joke.

Bai Qing said seriously, "Don’t doubt it, I need cash now, but my shares are mortgaged for 200 million in the bank. Just give me 300 million in addition, and it would suffice. My shares wouldn’t be worth less than 500 million. Oh, and the 300 million, I want in cash!"

Wang Junsheng never expected such a windfall to fall from the sky.

Five hundred million is certainly worth it.

But he couldn’t come up with 300 million in cash now.

Yet, as long as he controlled the company, everything would be worth it.

With Bai Qing’s leverage in hand, he could at least pocket seventy percent of the money from selling the license.

Originally, he only aimed for thirty percent.

With thirty percent, he could earn almost a billion after deducting the principal,

Even if he had to share some profits with Fuguang Group, he would earn significantly more than before.

"President Bai, I don’t have the cash, but I can offer 50 million as a prepayment today to secure voting rights at the board meeting, and I’ll provide the remaining amount within three months, how about that?"

Bai Qing shook her head, "The interest alone for three months exceeds that."

Wang Junsheng cursed silently. Although the amount was substantial and interest would theoretically rise, even if reckoned at ten percent interest, it would only be a few million for three months.

But Bai Qing clearly urgently needed the money, so her words were justifiable.

He gritted his teeth and said, "Consider the 50 million as interest, and within three months, I’ll give you 300 million more!"

Bai Qing asked, "What if you can’t come up with 300 million in three months?"

"We can sign a contract stating that if I fail to provide 300 million in three months, I forfeit the 50 million!"

He had already staked his entire fortune, winning this battle meant enjoying life forever.

Bai Qing glanced at him and said, "Coincidentally, there are notary personnel here today, let’s prepare a contract."

It wasn’t until she said this that Wang Junsheng finally felt completely at ease.

He held 33%, Bai Qing held 22%, so even if the minor shareholders didn’t show, just relying on the county officials posed no threat to him.

And with numerous abstentions today, he could even pass the Green Water Group’s merger bill with over 66.7% absolute support.

He achieved his desires all at once and just needed to find the right clients for transactions.

It might even be possible for him to receive the funds within half a month.

Signing a contract was great...

The contract was a constraint on Bai Qing; no matter how much he earned, she could only take away 300 million.

Of course, the contract stipulated five hundred million, as he still needed to repay the 200 million mortgage.

The county side, Ye Bingcheng didn’t come over, merely sent someone random as representative.

The final voting was virtually meaningless because Wang Junsheng had already dominated.

Finally, Wang Junsheng became the chairman of Green Water Group. Bai Qing handed over the work seamlessly, as Green Water Group didn’t have much business.

From then on, Green Water Group had nothing to do with Bai Qing.

...

Wang Junsheng familiarized himself with the company while starting to contact the groups interested in acquiring it.

Green Water Group’s annual export figure of ten billion, with a nearly 40% gross profit, was a business many companies coveted.

Some companies with a market value of hundreds of billions end up with annual revenue of just three to five billion, and net profit under tens of millions.

If they could acquire Green Water Group’s export business, with the backing of capital, the company’s market value could easily multiply.

This was the only thing worth something at Green Water Group, and it wasn’t cheap.

Wang Junsheng had already spent nearly two and a half billion, including a five hundred million debt, eight hundred million in capital allocation, and two hundred million from Fuguang Group plus his entire Junsheng Capital.

The off-the-books expenses were sizable, including twenty million US dollars to Chen Peipei, and fifty million as interest to Bai Qing.

If not for Fuguang Group’s funding arriving suddenly, he wouldn’t have had the power to fight at all; it was leveraging those two hundred million that allowed him to pull off the coup.

For capital, leveraging to enter the securities market already signified a dead end.

For any capital to grow from zero to a ten billion scale was no simple feat, and generally, leveraging wouldn’t be taken lightly, as it represented ultimate risk.