Chapter 878: Ruan Zeyan’s Decision (4)

Chapter 881: Ruan Zeyan’s Decision (4)

However, this time around, Old Fifth had played the wrong card. Not only did Mdm Ruan not pity him, but she also hated Old Fifth even more.

It was because the matter this time was way too sinister. It wasn’t as simple as Old Fifth calling Qin Shi sister-in-law. Old Fifth had also helped Ruan Guosheng scheme to seize power and harm Ruan Qishan and her.

These were all problems with one’s principles. If Mdm Ruan pitied him at this time, then she would definitely have to apologize to the deceased old man.

“Old Fifth ah, isn’t it a little late for you to be saying these things?” Mdm Ruan’s voice was calm and indifferent.

Old Fifth was shocked and quickly stood up. Because he was an elder and his body was shaky, he needed to stand firm before continuing, “It’s not late! Not late!”

Ruan Zeyan coldly looked over. He ignored the emotional Old Fifth but with a powerful and resonating voice, said to the shareholders and clans members who were present, “There is something that I want to announce since everyone is here.”

Everyone held their breaths, waiting for Ruan Zeyan’s next words. They had a feeling that it was an extremely important thing.

Ruan Zeyan’s face was cold, his strict eyes sweeping across everyone in the room before indifferently, yet decisively saying, “Now, I announce, under the name of the President of Yuan Teng Corporation, that Yuan Teng Corporation will now be undergoing the procedure to become private.”

Privatization!

When the small shareholders that were present heard this, it was as if a startling thunder resounded from the sky.

If the company became private, that meant that Ruan Zeyan was going to take back all of the shares that were distributed between the shareholders and will decrease the number of shareholders, and either make it so that only a couple of large shareholders would have shares to the company, or only Ruan Zeyan would have it.

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If that were to happen, then Yuan Teng Corporation would become Ruan Qishan and Ruan Zeyan’s private business.

Rian Qishan also looked at Ruan Zeyan in shock. He clearly was also not aware that Ruan Zeyan would suddenly make such a decision. After the initial shock settled, Ruan Qishan also began to agree with Ruan Zeyan’s decision.

As long as they did that, then they would prevent another person like Ruan Guosheng from appearing.

If the company was made private, then the power between the shareholders would cease, and therefore, there would also be fewer disputes.

However, making the company private was no easy task. That in itself was a matter of concentrated dispute.

When Old Fifth heard that Ruan Zeyan was going to make the company private, he was the first to refute, “I don’t agree! Qishan, Zeyan, although you two are the major shareholders of the corporation and hold the positions of Chairman and President, however, don’t you have to gain the approval of us shareholders and the board members to make the company private? I won’t believe that any shareholder would agree to it!”

What a joke. There was no need to say just how much the shares of Yuan Teng Corporation were worth. Everyone who was present were all supported by Ruan Zeyan and the corporation. This was the way they were able to live like princes.

The second Ruan Zeyan made the company private, they will no longer receive the company’s interests and dividends. To them, that was a blow that would drown them.

Old Fifth wouldn’t believe that anyone would agree to this. Wouldn’t that be the same as cutting off your own back road?

“I agree!” At this moment, Boardmember Geng was the first to speak and he voted in favor, “The shares in my hands were a gift from the old man in the past to my family. I also inherited from my father. This originally belongs to the Ruan Family, so what’s wrong with returning it to the Ruan Family?”

Boardmember Geng’s words infuriated Old Fifth, and he directly said, “If you give the shares back, then what will you rely on to live?”

Boardmember Geng laughed, “Fifth Uncle, a person can’t be too greedy. The shares aren’t given back for free. The company must give me some sore of compensation for it. Also, even if I’m not a Boardmember or a shareholder, I still have a job at Yuan Teng Corporation. Just simply based off of the company’s annual salary is enough for me to continue my current lifestyle.”

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