Chapter 347 - Chapter 347: Chapter 347 Share Distribution (2/2)
Ban Cheng let out a hearty laugh and then took out a business license, throwing it in front of everyone.
“I had long established a sole proprietorship. All of the shares and equity of the restaurant were bought by this enterprise. As of now, I control fifty-one percent of Xiangyun Restaurant’s shares.”
The veteran members all wore faces of astonishment, staring at Ban Cheng with a strange look.
“What do you mean? Where’s the remaining forty-nine percent of the shares?”
“They’re with me!” Chen Yu stepped out from behind the big screen, “I had signed an agreement with Boss Ban a long time ago. Now, the two of us have real-time control over Xiangyun Restaurant.”
The veterans in the room couldn’t help but breathe more rapidly. They had never dreamed Ban Cheng would collude with an outsider to cheat them.
Ban Cheng slowly stood up, his face full of contempt.
“The fixed assets under your names have all been separated from Xiangyun Restaurant. I won’t pursue that matter. Given the current situation, I can completely take back the fixed assets in your hands through legal means.”
The crowd dared not say anything more; they could only swallow their anger and leave one after another.
Chen Yu also breathed a sigh of relief, moved over a chair, and sat next to Ban Cheng.
“Boss Ban, starting from today we are truly partners. However, I would like to hand over the entire management of Xiangyun Restaurant to you.”
Ban Cheng’s pupils suddenly dilated; he had thought that Chen Yu, upon acquiring the shares, would progressively encroach on Xiangyun Restaurant. He hadn’t expected Chen Yu to be so generous.
“Mr. Chen, are you really willing to hand over the management rights to me?”
Chen Yu nodded.
“Right now, Xiangyun Restaurant is controlled by our personal sole proprietorships. Logically, management rights should be evenly split between us, but there is a regulation that allows us individuals to decide on the actual distribution of equity and shares.”
Ban Cheng’s breathing immediately quickened; he was, of course, clear about this regulation.
Before this, he had prepared himself to negotiate with Chen Yu, using this very regulation as his basis.
“May I ask how Mr. Chen would like to distribute it?”
Chen Yu directly took out a prepared contract from the side.
“Regarding equity, we’ll stick to the sole proprietorship, fifty-fifty. As for the shareholdings, you get sixty-four percent and I take thirty-six percent!”
Ban Cheng’s mouth formed an ‘O’; this was essentially transferring the lion’s share of the profits to him.
He knew that the properties in the building opposite were already under Chen Yu’s control. He could totally claim a larger share of the equity based on that building.
“Mr. Chen, did I hear you wrong?”
Chen Yu smiled faintly: “Besides, I will also send a professional management team to spearhead Xiangyun Restaurant. The combination of both our features, with no distinction between primary and secondary, its operational model is entirely up to you to be in charge of.”
Ban Cheng swallowed hard: “Do you mean to say that I’ll have full control over the building across the street as well?”
Chen Yu pushed the contract forward.
“Boss Ban, you can look at the contract yourself! I’ve written all the clauses already. If there are no issues, then please sign.”
Ban Cheng, unable to contain his excitement, took the contract, glanced over it quickly, and then signed his name before stamping it with his seal.
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