Chapter 43 The Fox’s Tail Finally Shows
Chapter 43 The Fox’s Tail Finally Shows
Hong Tianming, even in his folly, understood now.
Originally, the shares of the group in his hands, together with his father’s portion, amounted to over fifty percent, giving him an absolute say on the board of directors. However, that changed yesterday when he transferred eight percent of his shares, making the situation uncertain.
Especially now, with his father seriously ill and bedridden, the board of directors lacked leadership. Coupled with the Hong Family producing such a worthless son-in-law causing an uproar recently, the board was undoubtedly aware of the situation.
What’s more, Ye Feng had not only struck down Lei Zaiyan of the Lei Family but also injured the young master of the Jiangdu’s Jiang Family in the Southern River Region Jiangnan Province last night.
The board could not possibly be in the dark about such matters, and fearing retaliation from the Jiang Family, they were likely having second thoughts.
Especially since Shen Minghua was fanning the flames behind the scenes, Hong Tianming had little doubt that the board had already slipped from the Hong Family’s control and was leaning towards Shen Minghua, the backstabber with honeyed words.
Shen Minghua chuckled, "My President Hong, oh no, I can’t call you that anymore, as the board has just made a preliminary decision to remove you from your position, and also to remove Hong Qingyan’s role as acting president, as well as dismissing the former president Hong Zhenguo from all his duties in the group!"
Hong Yuting, hearing this, couldn’t help but scream, "No, how is this possible? You, a mere general manager, even with the eight percent of shares from my dad and your own five percent, only hold thirteen percent altogether. You have no authority to make such a decision!"
Hong Wei also snorted coldly, "Shen Minghua, you always seemed respectful and modest, but who could have guessed you were such a villain? You actually aspire to seize control of the Hong Family Group. Don’t even think about it, it’s simply impossible!"
"Impossible?" Shen Minghua laughed, a laugh filled with self-satisfaction. Grinning, he continued, "I’m not afraid to tell you that the board, aside from your Hong Family, has already reached a unanimous agreement and now possesses more than half of the shares."
"In other words, the current board can make any decision it wants, even without the Hong Family. Do you understand now?"
Hong Qingyan turned to Hong Tianming and asked, "Dad, is the board really as he says it is now?"
Hong Tianming remained silent, with nothing more to say. He had transferred his shares yesterday out of fear of retaliation from the Jiang Family, but he could never have imagined it would lead to this.
Shen Tianming finally sighed, "Shen Minghua, I have to admit, you played the part of the conniving villain all too well. You lay in wait for ten years, earning the complete trust of our Hong Family, only to turn out to be such a low person."
At that moment, Hong Qingyan kept quiet. Even as the acting president of the group, she hadn’t held the position long and held little power to speak of. Moreover, she was never one to talk much. She couldn’t help turning her head to look at Ye Feng.
Because she suddenly remembered what Ye Feng said to her during her grandfather’s seventieth birthday some time ago. He had mentioned that Shen Minghua, who appeared flawless and seemed to desire nothing, wasn’t tempted by women or wealth but was actually plotting something significant.
Only then did Hong Qingyan realize that what Shen Minghua truly coveted was the Hongtian Group!
Shen Minghua spoke earnestly, "As the manager, oh no, as of last night, the board has decided and unanimously elected me as the new president of the group. I came here today not to consult with you, but to declare the outcome."
Shen Minghua stood stunned on the spot, nearly losing his balance and collapsing.
Zhang Yuman quickly supported him, consoling, "It’s not the end of the world. Since things have come this far, Tianming, you needn’t blame yourself. Besides, we’ve already transferred the shares and converted some properties into bank deposits yesterday. We can simply leave Jiangdu if it comes to that."
Shen Minghua suddenly said in a cold voice, "I’m sorry, but you can’t leave Jiangdu just yet."
Zhang Yuman asked sternly, "What do you mean by that?"
Shen Minghua slightly turned to the side and, pointing to the two people behind him, said, "These gentlemen, I believe you must recognize them— the group’s legal advisors. They will announce the second matter for which our President came here today."
One of the legal advisors stepped forward, took out a document, opened it, and said, "Appointed by the board of directors and after an investigation, it was found that during Hong Tianming’s tenure as President of the group, there were cases of unclear personal finances. Additionally, several ventures of the group are also suspected of illegal activities.
After discussions, the board has reported the matter to the police."
"Following preliminary investigations by the police, all personal assets of the former President of Hongtian Group, Hong Tianming, are now frozen, and he cannot leave Jiangdu for the time being!"
"Furthermore, his wife, Zhang Yuman, during her time as finance manager of Hongtian Group, has also engaged in using her authority for personal gain to the detriment of the public interest. The police have been involved, and her personal assets have been frozen as well. She too is not allowed to leave Jiangdu without permission!"
Upon hearing this, Hong Tianming and Zhang Yuman couldn’t bear it any longer, both collapsing to the ground, devoid of strength.
"Mom... Dad..."
Hong Yuting and Hong Wei cried out in shock and hurried over, helping the two of them up.
"It’s over, it’s all over now. Our Hong Family, we’re truly finished now," Zhang Yuman wailed, slapping her thighs and looking up to the heavens.
As the group’s general manager, she indeed was involved in using the company for personal gain, and she knew this better than anyone. The amount was not small. When the Hong Family controlled the group, such things were tacitly understood and no one thought to take serious measures.
But now, with the Hong Family’s authority in the board weakened, everything was utterly ruined.
Hong Tianming gritted his teeth and roared, "It’s all my fault, I was too foolish to have listened to the vile Shen Minghua and transfer my share of the stocks to him while Old Master Hong was gravely ill in bed. Otherwise, none of this would have happened."
Hong Yuting shook her head and snorted, "No, Dad, it’s not your fault. You did it to protect our family. If anyone is to blame, it’s that useless son-in-law who has been causing so much trouble lately. If it weren’t for his recent actions, you wouldn’t have transferred your shares, leading us to this plight."
Zhang Yuman also said, "Exactly, everything is because of that good-for-nothing son-in-law, all of this chaos is his doing—it’s all his fault!"
Hong Wei said, "What’s the use of talking about this now? Dad, your prestige in the board isn’t high, but grandfather still commands great respect. Now that he has come out of danger, let him wake up, return to the group immediately, and reorganize the board."
Upon hearing that Old Master Hong was out of danger, Shen Minghua’s eyes briefly showed a flicker of panic, but it quickly vanished.
However well he hid it, he could not escape the discerning eyes of Ye Feng, who was standing beside them.
It was at this moment that Ye Feng truly confirmed that the one who had poisoned Hong Zhenguo was this man, and that all of this was part of his carefully laid plans.