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Chapter 1905 Suspension of Acquisitions

On the day when the team for dealing with historical issues at Tianxinge Commercial Pedestrian Street in Jucheng City was established, Liu Sicheng from Hengyue came to Jucheng.

Also coming to Xu Yishan's office with him was Shen Wang.

Liu Sicheng scolded Shen Wang for his betrayal from the beginning. Hengyue City had done a lot of preliminary work to acquire Shen Wang's company. Now Shen Wang wants to package the entire company to Che Xiaohe. This behavior is too shameful.

Shen Wang kept smiling and did not explain a word, let alone argue.

When Liu Sicheng got excited, he slapped the table and shouted at Shen Wang: "You have to compensate me for all the losses in Hengyue City."

Shen Wang then said with a smile: "I will pay, I will pay. Secretary Liu, you give me a price. If I, Shen Wang, give you half a discount, I won't be a human being."

After Shen Wang finished speaking, he looked up at Xu Yishan and said with a smile on his face: "Please ask Secretary Xu to testify. I promise to compensate Hengyue City for all the losses caused."

Xu Yishan shook his head and said: "Old Shen, Hengyue City's request for compensation from you cannot be justified by reason or law. Commercial acquisitions are themselves commercial activities. Of course, commercial activities will lead to losses and profits. There is no guarantee that profits will not be compensated. Heng The fact that Yue City failed to achieve its goal of acquiring your company is a problem that exists for both of you. We cannot say that the responsibility lies with one party. Please don’t mention this compensation again."

Liu Sicheng looked at him in surprise and muttered: "Secretary Xu, what are you..."

Xu Yishan smiled and said: "I am not speaking for anyone. I am a person who is not a member of the gang. Lao Shen did not reach the acquisition target with Hengyue City. What is the specific problem? It should be found out. Let Lao Shen suffer the loss, in principle It doesn’t make sense. We can’t let others criticize our government behind our back for taking advantage of us, right?”

Liu Sicheng said angrily: "I can't swallow this. I went to the State-owned Assets Supervision and Administration Commission to acquire it, but they refused to transfer it. Instead, they wanted to package and transfer the entire equity to a private enterprise. Is it the government's credibility that is stronger, or that of the private enterprise?" Old Shen, you have to think carefully."

Shen Wang smiled bitterly and said: "That's the problem. Secretary Xu knows that I am the legal person of this company, but the real boss is not me. Therefore, the final decision-making power does not lie with me. The boss asked to discuss with Che Xiao Mr. Crane Che's company has reached a deal, how can I reverse the situation? To be honest, I still hope to cooperate with Hengyue City."

Liu Sicheng asked suspiciously: "Old Shen, I can't understand you more and more. Are you not the boss?"

"I'm not."

"Who is the boss?" Liu Sicheng asked: "Why is he unwilling to cooperate with us? He is transferring equity. Whoever meets his requirements should trade with him."

Xu Yishan stopped Liu Sicheng's questioning and asked with a smile: "Old Shen, did Gong Wei explain that he wanted to trade with Che Xiaohe?"

Shen Wang smiled sarcastically and said nothing to explain.

In fact, when Xu Yishan first heard that Luyin Tianxia Company was going to acquire Shenwang Company as a springboard for listing, he had a question in his mind. He had a strong feeling that Che Xiaohe's acquisition should not just a business act.

"Old Shen, is the purchase price of Luyin Tianxia a premium?" Xu Yishan suddenly asked.

Shen Wang hesitated for a while and said in a low voice: "Secretary Xu is right. Luyin Tianxia is indeed purchased at a premium. And the price is twice the purchase price I originally negotiated with Hengyue City."

Xu Yishan said: "Old Shen, as far as I know, your metal recycling company has already suffered huge losses, right? There are serious problems with your financial statements? To put it bluntly, if your company doesn't take some practical actions, the China Securities Regulatory Commission will Are you going to be suspended from trading? As a result of the suspension, you may be forced to delist, right? In other words, you are now a shell company, right?"

Xu Yishan's series of questions left Shen Wang speechless.

"Don't you think it's surprising that someone is willing to acquire a company that is about to be delisted at a premium?" Xu Yishan was still smiling, but his words made Shen Wang start to feel restless.

Liu Sicheng then said: "That's right, we came to rescue you, but you broke your promise and wanted to buy it at a premium from others. Lao Shen, even if you reached a deal, it is an illegal transaction and will not count."

Shen Wang remained silent. He lowered his head and drank tea one after another anxiously to hide his inner panic.

"How far has your acquisition reached?" Xu Yishan tentatively asked Shen Wang.

"It has been reported to the China Securities Regulatory Commission."

"That is to say, once the China Securities Regulatory Commission approves it, the acquisition will be completed?"

Shen Wang nodded hesitantly.

"Can you withdraw the report now?" Liu Sicheng asked anxiously.

Shen Wang sighed and said: "It may be a bit difficult to handle. The news I got is that the China Securities Regulatory Commission has already discussed the acquisition, and the basic opinion is to agree to the acquisition."

Xu Yishan picked up the phone calmly and made a call directly to Liao Xiaoya's mobile phone in front of them.

"Comrade Xiaoya, I am Xu Yishan." He announced his home address and said, "I want to trouble you with something. This matter is quite urgent. It depends on your convenience."

Liao Xiaoya laughed on the phone and said: "Xu Yishan, the sun is really coming out from the west. You also asked for help. Tell me, what's the matter?"

Xu Yishan said: "We in the central region have an acquisition of a listed company. Based on our opinions, we want to temporarily suspend the acquisition. Please see if there are any acquaintances at the China Securities Regulatory Commission who can suspend approval of the acquisition."

Liao Xiaoya said: "This is a bit difficult to handle. Do you want to tell me why the acquisition is suspended?"

Xu Yishan smiled bitterly and said: "I can't explain it in a few sentences. I can only tell you that Luyin Tianxia acquired a listed metal recycling company in Central Province. The legal representative of the acquired company is Shen Wang."

Liao Xiaoya snorted and whispered, "I'll do my best."

Xu Yishan called Liao Xiaoya, the only person he could think of in the desperate situation. Liao Xiaoya worked at the Yanjing Commission for Discipline Inspection, so it was self-evident when he called her.

When Shen Wang heard that Xu Yishan's trustee wanted to suspend the acquisition, his face turned pale with anxiety.

Only he himself understood that Gong Wei refused to cooperate with Hengyue City and transferred the equity to Che Xiaohe. This was a 180-degree change in Gong Wei's attitude. Gong Wei originally hoped that the Hengyue City State-owned Assets Supervision and Administration Commission would acquire his shares. The purpose of actively driving the stock price to the lowest is to express his forgiveness for the crimes he committed. At the same time, he also wants to send a message that he is willing to give away half of the shares to Hengyue City and half to Hengyue City. This reduced the punishment for his father Gong Hui.

Gong Wei was involved in the case of missing bank accounts in Hengyue City. He had fallen into the trap set by Xu Yishan and returned to China. However, under the strong interference of his father Gong Hui, he escaped and flew abroad.

After his father's affair happened, he didn't dare to return to China at all.

Gong Wei has been hinting that as long as his father can leave the country safely, he is even willing to give all the shares to Hengyue City for free. However, Xu Yishan did not respond to his overtures. Gong Hui was eventually sentenced to thirteen years in prison, which angered Gong Wei. He was so angry that he abandoned his intention to acquire Hengyue City and instead went to work with Che Xiaohe.

As a white glove, Shen Wang actually has no decision-making power. He doesn't even dare to have any opinions of his own. He understands better than anyone else that although Gong Wei is not in the country and Gong Hui is in jail, the Gong family and his son want to It would be a piece of cake to save his life.

His only choice now is to bow his head and listen to Gong Wei. Because Gong Wei promised that once the company changes hands, he will do everything possible to get him out of the country.
Chapter completed!
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