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Chapter 506: If You Can’t Beat Them, Join them (2)
Chapter 506: If You Can’t Beat Them, Join them (2)
Chapter 506: If You Can’t Beat Them, Join them (2)
Translator: Dragon Boat Translation Editor: Dragon Boat Translation
Zhao Fang nodded in agreement.
“Let’s go; it’s been a while since we came out. I wonder if Wu Tao has arrived yet,” he said as they walked out of the office.
As they entered the conference room, they saw that Wu Tao’s executives were engaged in a lively discussion, while Zhou Chao and his group were calmly waiting. Only Zhou Chao was playing with his phone, seemingly chatting with someone.
“Lao Fu, you’ve finally arrived. I’m in a hurry right now,” Wu Tao said as he hurriedly approached when he saw Fucheng sitting next to him.
Fucheng also felt a bit despondent. After learning about Zhou Chao’s strength, he had lost the will to resist and was now waiting for Zhou Chao’s judgment.
“Being in a hurry won’t help. Just accept your fate and see what Young Master Zhou thinks.”
Hearing this, Wu Tao was stunned and couldn’t believe what he was hearing. He looked at Fucheng and said, “Are you really willing to hand over the company you’ve worked so hard to build to someone else? This isn’t the energetic Fucheng 1 know.”
Fucheng looked at Wu Tao with a complex expression, opened his mouth, and finally sighed.
Meanwhile, Zhou Chao put down his phone, glanced around, and saw that most of the people had already arrived. He turned to Qin Ziwei beside him, indicating that the shareholders’ meeting could begin.
Qin Ziwei nodded and stood up, addressing Fucheng and the others sitting across from him. “Director Fu, everyone is here. Shall we start the board meeting?”
Fucheng and Wu Tao exchanged a glance, both seeing a hint of helplessness in each other’s eyes. They withdrew their gazes, and Fucheng calmly looked at Zhou Chao, nodding in agreement.
“This is the share and equity agreement for Hua Hong Film Company. Would you like to verify it?”
Fucheng shook his head; he knew that this document was genuine, and there was no need to delay further.
“At present, our Dragonfly Group holds 68% of Hua Hong Film’s shares, achieving absolute control. According to our investigation, Hua Hong Film has incurred a loss of nearly 800 million yuan in the first three quarters of this year. I wonder who will take responsibility for this.”
“What? A loss of 800 million? Lao Fu, is this true?” Wu Tao couldn’t believe his ears, as he rarely came to the company and assumed that the company’s operations were going well. He never expected such a dire situation.
Fucheng lowered his head, and with a hint of resignation, he nodded a few times.
You…” Wu Tao looked at Fucheng, who wore a despondent expression, shook his head, and then sat back down in his chair.
“This is my responsibility, and I’m willing to take responsibility. I voluntarily resign from my position as the CEO of Hua Hong Film.”
Zhou Chao, who had been relaxed all along, heard this and turned his gaze towards Fucheng. He hadn’t expected Fucheng to be so straightforward. He had thought that Fucheng would struggle or seek help from others, but the result was surprising.
Even Qin Ziwei, who was already puzzled, found himself at a loss for words due to Fucheng’s unexpected actions.
Looking at the calm and composed boss beside him, Qin Ziwei wanted to ask what to do next, whether he should take charge of Hua Hong Film or if there were other plans.
“It seems like Director Fu has made some phone calls to certain individuals,” Zhou Chao said with a faint smile.
Upon hearing this, Fucheng chuckled and replied, “Nothing can escape Young Master Zhou’s notice. I just called Director Ma and asked about it. It’s true; I’ve dug my own grave.”
“It’s not that serious. Since we’ve reached this point, 1 don’t think there’s a need to continue with this board meeting. What do you think?” Zhou Chao interlaced his fingers, his deep eyes fixed on Fucheng.
“There’s indeed no need to continue.” Fucheng sighed deeply and asked all the company’s executives to leave.
Zhou Chao also realized that Fucheng was about to lay everything on the table. He glanced at Qin Ziwei beside him, signaling him to have his subordinates leave as well.
Once all the executives had left the room, Fucheng seemed to inflate with energy, and he no longer looked despondent.
Zhou Chao understood that what Fucheng had done earlier was mainly for the benefit of those below, making himself appear as the villain.
“Young Master Zhou, 1 won’t beat around the bush anymore. I want to work with you!”
Fucheng’s words were like a thunderclap, leaving Wu Tao momentarily stunned.
Upon hearing this, Zhou Chao didn’t immediately respond. Instead, he fell into contemplation, and the meeting room was filled with the sound of his fingers tapping the table.
“Alright, but you and your associates must sell all your shares to me. Additionally, we need to arrange for the company’s delisting.”
“Delisting?” Zhou Chao’s words shocked everyone in the room, including Qin Ziwei. They couldn’t believe their ears because if Hua Hong Films were acquired by Dragonfly Group and delisted, the value of the company’s stocks would skyrocket.
Qin Ziwei was about to ask why but then had a sudden realization. It seemed that none of Dragonfly Group’s subsidiaries, including the headquarters, were publicly listed. They were all fully owned, and Qin Ziwei began to understand. She looked at her boss with disbelief in her eyes.
“Once the shares are transferred to you, Young Master Zhou, we will do as you say.”
“Alright, Qin Ziwei, you and Director Fu, along with Director Wu, can discuss the details of transferring the shares. I’ll go visit the company.” With that, Zhou Chao stood up and walked out of the room.
After Zhou Chao and Lin Wu left the meeting room, it became lively with discussions and conversations..