Chen Yi took out 3% of the equity and replaced it with 3% of the equity of Tengyi Electronics held by Tian Dagang. He successfully pulled his right-hand man into the Shen Group, laying a solid foundation for the final complete annexation of the Shen Group.

It is still one month before the shareholders' meeting of Shen's Group. Now two major factions have quietly formed within the Shen's Group, the Shen's Group and the Tengyi Group. The war for the final control of the Shen's Group is about to begin.

In the Shen Group Building, Shen Zhentang came to the office of Vice Chairman Chen Kangquan.

"Zhen Tang, is there anything wrong?" Chen Kangquan was working. When he looked up and saw Shen Zhen Tang's expression was serious, he asked with concern.

"Uncle, something is not right recently!" Shen Zhentang said with a gloomy face.

"What's wrong?" Chen Kangquan said anxiously.

"Uncle, I heard that Chen Yi and his financial director Song Xinyan are all active these days and contacted many major shareholders of our Shen Group, asking them to support Tengyi Company as directors at the shareholders' meeting at the end of the year, and exclude the people of our Shen family. Chen Yi's wolfish ambition is fully exposed!" Shen Zhentang said seriously.

"Do you mean Chen Yi wants to control the Shen Group?" Chen Kangquan asked coldly with his old eyes flashing with a sharp cold light.

"Yes! Chen Yi is this purpose. We are really bringing wolves into the house!" Shen Zhentang smiled helplessly.

"Haha, it's impossible! Chen Yi does not have this strength. At best, he only controls 4% of the equity of Shen's Group, and is barely considered the third largest shareholder. He is on par with Shen Zhenwei and has not obtained a relative controlling stake. How can he control the new board of directors?" Chen Kangquan shook his head and said.

"Uncle, I suspect..." Shen Zhentang's face became even more serious, and he said in a trembling voice: "Chen Yi currently holds more than 4% of the shares of Shen Group. He is likely to secretly hold a large part of the shares of Shen Group."

"Do you have any evidence?" Chen Kangquan trembled all over when he heard this and asked seriously.

"I haven't found specific evidence yet, but I remember in the first half of this year. You still remember that there was a period of time when the stock of Shen's Group was severely suppressed continuously and approaching the 10 yuan mark. During this period, a mysterious institution suddenly absorbed a lot of funds, purchased a lot of Shen's Group's stocks, and helped us protect the market. At that time, I investigated this institution. The other party's operating methods were very sophisticated. They all used retail trading and could not be verified." Shen Zhentang said in a deep voice.

"Do you suspect that Chen Yi secretly bought the shares of our Shen Group from the secondary market?" Chen Kangquan said with a cold expression.

"Yes. It's very scary! If Chen Yi secretly purchased the shares through the secondary market, plus the actual shares he currently holds, he becomes the largest shareholder of Shen's Group and obtains relative controlling rights, even exceeding the total shares held by our Shen's Group management, then at the shareholders' meeting at the end of the year, Chen Yi is likely to successfully seize power and completely take Shen's Group into his pocket!" Shen Zhentang said worriedly.

"That's right. Nowadays, everyone has no money to get up early. No wonder Chen Yi is so keen to transfusion blood to our Shen Group. During this period, people from the Tengyi Group have been active frequently, obviously to overthrow the dominance of our Shen family at the shareholders' meeting at the end of the year!" Chen Kangquan stared at his old eyes and exclaimed.

"To put it bluntly, our Shen Group is still a family-based enterprise. The Shen family only accounts for eight of the board of directors of nine people. I have heard that many major shareholders of the group are quite dissatisfied with our Shen family dominating the board of directors. The equity controlled by our Shen family is now only about 31%. If Chen Yi's family dominates and receives the support of other major shareholders, the board of directors is likely to change hands!" Shen Zhentang said worriedly.

"Yes, now let's act separately and win over the major shareholders to support our Shen family. Take action quickly!" Chen Kangquan said anxiously.

"I'm afraid it's too late..." Shen Zhentang's face became even more worried and frightened. It was not until now that he realized that Chen Yi's power seizure was planned, planned and gradually implemented.

Now that he has chosen to jump out and win over shareholders, it means that Chen Yi has already mastered enough chips in his hand and will definitely give the Shen family a fatal blow at the shareholders' meeting of Shen's Group!

"It's time to make up for the bribe!" Chen Kangquan said anxiously: "I'll list the list of major shareholders of Shen's Group. Let's take action separately!"

"Okay." Shen Zhentang nodded and said.

************

The annual shareholders' meeting of Shen's Group is about to be held. The open and secret struggle between the Shen's Group and the Tengyi Group has entered the stage of openness.

Chen Yi elected eight people to run for the election of directors of Shen Group. Including himself, there are nine people in total. If nine of them can be elected, then it will be a foregone conclusion that Tengyi Group controls Shen Group.

Of course, this is the ideal result. Although the image of the Shen family in the minds of shareholders has been greatly reduced, the Shen family has controlled the group for more than 30 years and has a lot of nepotism. People from the Shen family must have joined the board of directors.

Chen Yi's minimum requirement is to include five people entering the board of directors and elect him as chairman so that he can control the Shen Group.

Over the past month, he and Song Xinyan have persuaded most of the shareholders of the Shen Group through various lobbying methods. The shareholders are full of expectations for Tengyi Group to control the Shen Group, because Chen Yi promised that as long as he controls the board of directors of Shen Group, he would immediately reorganize the group, merge Tengyi Company and Shen Group to form a brand new group.

Most shareholders expressed great interest and support for Chen Yi's restructuring plan, because the two major branches of Tengyi Company are all leaders in the industry.

Tengyi Electronics is a leading stock in the GEM electronics industry. It has achieved remarkable results since its listing, with a market value of more than one billion yuan. Moreover, Tengyi Electronics’ two major products, Tengyi Extreme Laptop and Elegant Tablet, have opened up overseas markets and have broad prospects. Although Tengyi Real Estate has not been listed, its strength is not weaker than Tengyi Electronics. The two major projects currently developed - Bihai Yuntian and Tengyi New City are among the best in Nanzhong Real Estate's sales, with revenue this year of more than one billion yuan.

Tengyi Company merged with Shen's Group, which is a high-quality asset and is not a perfect asset, and many shareholders are optimistic about it.

Many financial media, before the shareholders' meeting of Shen Group, keenly captured the atmosphere of war within the Shen Group and began to report on the shareholders' meeting on a large scale. Some media even predicted that the Shen family would completely lose power at this shareholders' meeting. Even whether the name of Shen Group can be retained is unknown.

The storm is about to come and the wind fills the building!

The shareholders' meeting of Shen's Group was scheduled to be held at 10 a.m. reporters from various media gathered at the entrance of Shen's Building in the morning to report on the grand occasion of this shareholders' meeting. Major portals have also opened columns for live text broadcasts.

The reason why the shareholders' meeting of Shen's Group has received such unprecedented attention is mainly because the current financial situation of Shen's Group is worrying. After introducing funds from the Tengyi Group, it is facing the danger of being eaten by the Tengyi Group. Is it the Shen family standing up or the Tengyi Group successfully seized power! It's really interesting!

Some media also believe that the essence of this battle is actually the "civil war" of the Shen family, because Chen Yi, the leader of the Tengyi clan, was Shen Zhenwei's illegitimate son and was related to the Shen family. This battle was even exaggerated by many media to "the counterattack of **si" or "the counterattack of the illegitimate son".

After such a rendering, the attention is even higher.

At 9:30 in the morning, a convoy slowly drove to the entrance of the Shen Group Building.

"The people from Tengyi Company are here!" Some sharp-eyed reporters immediately pressed the camera in their hands and took pictures at the row of luxury cars.

As soon as the car door opened, Chen Yi took his backbone members and walked into the Shen Building with his head held high.

Chen Yi carefully planned this time to participate in the shareholders' meeting and elected nine people to participate in the director election. In addition to himself, there were Song Xinyan, Tian Dagang, Qin Wei, Peng Wei, Guo Haitao, Huang Dezhi, Gu Yaoguang and Mu Chunyan.

Among them, He Lei and Mu Chunyan are the major shareholders of Shen Group. After reaching an agreement with Chen Yi, Chen Yi elected them to run for the directors of Shen Group.

Just a few days before the shareholders' meeting, Chen Yi instructed Song Xinyan to transfer all the shares of Shen Group they purchased in the secondary market to his name.

In this way, Chen Yi and several of his joint actors actually controlled the equity of Shen Group reached 36%, Chen Yi himself controlled 20%, becoming the largest shareholder of Shen Group, Song Xinyan held 5% of the equity, Tian Dagang owned 3%, and Peng Wei had 1%. These three people are the direct descendants of the Tengyi Group, and Gu Yaoguang, the major shareholder who owned 5% of the equity and Mu Chunyan, the shareholder who owned 2% of the equity, were newly joined to the Tengyi Group. Among them, Gu Yaoguang's equity was acquired by the acquisition of the shares of several small shareholders in recent days and increased its holdings to 5%.

In addition, Qin Wei, Guo Haitao and Huang Dezhi are non-equity directors.

Non-equity directors generally only account for a small proportion of the board of directors, including employee representatives selected by the trade union system, expert representatives related to the production and operation of enterprises and technology.

Qin Wei and Guo Haitao ran as expert representatives and were also Chen Yi's direct troops.

Huang Dezhi is the chairman of the trade union of the Shen Group and represents the interests of the Shen Group's employees. Chen Yi had previously promised that after he came to power, he would never lay off employees or cut wages.

Although the trade unions of private enterprises are sometimes just decorations, Chen Yi promised to expand the rights of trade unions.

Therefore, based on the above two points, Huang Dezhi decided to support Chen Yi.

The Shen Group's board of directors has a total of nine people and has a high concentration of power. This situation is rare among major listed companies. Moreover, 90% of the members of the previous board of directors were from the Shen family. Therefore, this board of directors is also nicknamed the "royal cabinet" by the outside world, and the traces of family-style enterprises are very serious.

But today, with Tengyi Company's strong takeover, Shen Group may be about to change...)
Chapter completed!