Chapter 170 (1/2)

Chapter 170: Split the Market

Translator: _Min_ Editor: Rundi

“This is i Chen, please don’t bring your personal grudges into the shareholderI understand differences exist between you and ex-president Ling Zhongtian…”

“This is called asset restructuring? This is robbery! Your est shareholder, Lingyu Technology will not permit you to do whatever you wish!+”

…

Jiang Chen sipped froly with his eyes narrowed, looking at the outraged shareholders His gaze stopped on Ling Zhongtian for a brief ravely staring at the documents on the table

He had already lost hope

Jiang Chen shook his head as he looked at the only person cal

361 Corporation held 5 of Lingyu Technology Although the ownershi+p percentage was not high, it yu Technology’s share plummet definite had an impact on 361 Corporation

On the other hand, as the third-party platform, 361 Corporation operated the servers for Dota under the consent of Lingyu Technology Although 361 Corporation’s server didn’t suffer the say’s user data, it certainly was negatively affected

As the representative sent by 361 Corporation, Jiang Chen didn’t quite understand theface

What is 361 Corporation thinking?

But regardless of what they had into put the final nail in the coffin for Lingyu Technology

“Before the vote, I want everyone to consider this Lingyu Technology has fallen from cloud nine and has becoeration, it is facing the risk of being delisted However, I am still here If I leave, do you knohat that , the stock will resu doould be based on the decision of everyone here”

Jiang Chen’s words turned everyone, but Zhang Jianfeng, pale

Because of the shareholders arnered a chance for Lingyu Technology to breathe Furthers definitely added a shot of adrenaline to the investors If it becay as a shell coy consecutive circuit breaks, it would be unrealistic for the stock to skyrocket

But if the restructuring plan failed, and Jiang Chen decreases his holding of Lingyu Technology, then it would be adding salt to Lingyu Technology’s alreadythis afternoon, Lingyu Technology would not be able to escape the fate of its continuous freefall

Therefore, whether or not the stock in all the shareholder’s hands become a piece of scrap paper would be at the discretion of Jiang Chen

At this time, someone stood up and threatened, “361 Corporation is also one of the shareholders, even if you forfeit your shares, they will start-”

“Ahem, 361 Corporation maintains the sa chooses to decrease his holding, for 361 Corporation, your co shattered that person’s fantasy

Seeing the person sit down at a co in surprise, but he didn’t say anything

“If there are no other opinions, let’s start the voting process,” Jiang Chen announced as he scanned everyone in the room

After the death like announcement, all the shareholders cast their dispirited vote

…

The proposal passed without a doubt Only Ling Zhongtian voted against it

The restructuring plan was as follows:

First, Lingyu Technology is renay will sell the about-to-be-co at a price of 600 ation for debt repayment

Because of a tian will be re coreater than two-thirds of shareholders agree, and his held shares will be forcefully transferred to other shareholders at otiated, Jiang Chen’s shares will increase to 40, 361 Corporation’s holding changes to 21, becoest shareholder

Everyone knew Ling Zhongtian would lose a lot once the restructuring is complete It would not be impossible to recover theZhongtian accepted the result in silence He shakenly stood up fro here had nothing to do with hiret, but what could regret do now?

Business is like a battlefield Any mercy could be fatal

After the partnershi+p with Future Technology and 361 Corporation, Lingyu Corporation’s future would be bright

But ould thatto do with him anymore

He received the sa the company he started The only difference was, he could never co Chen fell deep in thought

…

When theJianfeng stayed behind

As if Jiang Chen expected him to stay, he also remained seated and looked at hi” Zhang Jianfeng walked toward Jiang Chen and extended his right hand