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Chapter 635 Decoupling

At first, when Hu Yang insisted on adding this clause to the agreement, no one cared about it. The company was developing well, so who would change the company's equity structure at every turn?

But under the temptation of huge subsidies, Shanghai's state-owned assets took the lead in changing the rules of the game.

Zhang Xiao suddenly thought of a question at this time. Could Populus euphratica really see so far ahead? Has the foreshadowing been laid in the agreement long ago?

"Director Zhang, what's that look in your eyes? As the saying goes, if you are prepared, two companies can live in peace for ten thousand years through cross-shareholding. That is impossible.

What we have to do now is to follow Director You’s wishes and terminate the cross-shareholding agreement as soon as possible. Director Zhang, you can pretend to remind Director You inadvertently about this matter, lest he concentrate on squeezing me out, only to end up with this.

I forgot about it."

Hu Yang decided to immediately apply eye drops to Director You and others, and also to cool them down.

Zhang Xiao thought for a while, and suddenly his eyes lit up.

The cross-shareholding agreement is important to both Bolong Optical and Microelectronic Equipment, but for microelectronic equipment, its importance is greater than Bolong Optical.

Hu Yang wants to terminate this agreement now just to pour cold water on Director You, so that he should stop ignoring everything for the sake of profit.

"Mr. Hu, I understand. Let's go to the afternoon. I'll go see Director You in the afternoon and remind him about the cross-shareholding."

Zhang Xiao knew very well that Director You had forgotten about this. This agreement clause was inconspicuous in itself, and Director You had not yet taken this position at the time.

Maybe Director You doesn't know about this at all.

In the afternoon, at nearly five o'clock, Zhang Xiao knocked on the door of Director You's office.

After a while, the door opened and someone came out of the room. Zhang Xiao saw that this person was a small shareholder of the company.

The man saw Zhang Xiao, said hello and left quickly. Zhang Xiao nodded, knowing that this shareholder had been convinced by Director You.

"Director Zhang, what can I do? Sit down."

Director You said something lukewarm, and then asked Zhang Xiao to sit down. After all, Zhang Xiao is the founder and veteran of microelectronics equipment. Half of the employees in key positions in the company can be called Zhang Xiao.

people.

Therefore, Director You dare not go too far with Zhang Xiao for the time being. If you want to replace him, you have to wait until a series of things such as subsidies, capital increase and share expansion are settled.

"Director You, there is a new situation that I have to report to you. In the past two days, Bolong Optics was originally due for delivery, but they used the excuse of tight supply of raw materials to delay the delivery."

Delayed delivery does not exist because the delivery date has never arrived.

However, the shareholders represented by Director You are not directly involved in the company's operation and management, and the few people who know about it are Zhang Xiao's confidants, so he can say whatever he wants.

"Huh? Isn't there an agreement? There are already cross-shareholdings between Bolong Optics and Microelectronics Equipment. They don't dare to do this openly, right?"

Director You's first reaction was that this was pressure from Hu Yang. This problem was also expected by him and Wu Zunyou. The two judged that Bolong Optics would not dare to do this.

"I think this is a gesture from Bolong Optics. Cutting off supply will also be very harmful to them. Director You, but when it comes to this agreement, I think of an important issue. Please wait, I will find out.

Let me show you..."

The so-called delay in supply is just an excuse by Zhang Xiao to elicit a certain clause in the cross-shareholding agreement.

While talking, Zhang Xiao took out a photocopy of the cross-shareholding agreement from his briefcase and pointed it to Director You.

Director You was a little confused, but as he looked at it, his expression became ugly.

"Rescinding the terms of the agreement? So, if the company wants to introduce new strategic investors, it has to look at the other party's face? Humph!"

When this contract was signed, Director You had not yet taken this position.

There is a copy of the agreement in the archives of the unit, but Director You did not read it carefully. In other words, even if he read it, he did not pay attention to this article at the time.

Zhang Xiao spread his hands and shrugged, with a look of helplessness on his face:

"Director You, this is the bad thing about cross-shareholding. If the capital of one of the companies changes, the cross-shareholding ratio will have to be recalculated. If the other party does not agree, this agreement will be terminated naturally."

The provisions in the agreement are very clear. For example, if microelectronics equipment wants to introduce new strategic investors, its equity and capital will change.

If Bolong Optics does not agree to change the proportion of cross-shareholdings, either Microelectronics Equipment will give up this round of private placement, or the two parties will terminate the agreement.

If we are in microelectronic equipment, we would rather suffer losses than seek changes in cross-shareholding ratios. Is this okay?

Of course not.

Wouldn't this cause the loss of state-owned assets? Director You cannot afford to shoulder this responsibility.

"Director Zhang, I will think about this matter again. When you go back, contact Bolong Optical and ask them not to play tricks on the delivery time. It will not be good for anyone if they break up."

Cross-shareholding is cross-shareholding, and a supply agreement is a supply agreement. The two cannot be confused.

Director You still has a very clear understanding of this point.

"Please rest assured that I will try my best to solve the supply problem. Then I will not disturb Director You and take my leave."

Zhang Xiao patted his chest. Anyway, the so-called delayed delivery problem did not exist in the first place.

After Zhang Xiao left, Director You continued to read the photocopy of the agreement left on the coffee table. After reading it, he really wanted to curse.

At this critical moment, the sudden appearance of such an obstacle is not a deliberate attempt to add to the obstruction?

In the evening, Wu Zunyou was about to invite him to dinner. Seeing that it was almost time, Director You packed up and hurried out to keep the appointment.

During the meal, Director You told Wu Zunyou about the agreement.

"Haha, if the Huijia Department wants to prevent me from investing in microelectronics equipment based on this contract, then they are thinking too much.

Director You, if I were you, I would simply terminate the agreement with them. Think about it, we will soon be able to get a huge subsidy. If the cross-shareholding agreement continues to be valid, will Bolong Optics follow us and take advantage?

?”

Wu Zunyou thought for a while and made a decision in his heart.

It is good to terminate the cross-shareholding agreement. If Bolong Optics does not agree to its own acquisition agreement, it will have to decouple sooner or later.

"Yes, why did I get into trouble? Terminating the agreement is beneficial to us. Bolong Optics doesn't dare to run out of stock anyway. Besides microelectronic equipment, who will sell his exposure optical system to?"

Director You has not said a word, unless the other party invests huge sums of money to solve all the technical problems of high-end lithography equipment.

He believes that if Bolong Optics wants to make its own lithography machine, it will definitely be able to do so. But it will take time, at least two years or more.

In two years, microelectronic equipment should be on the market, and we will definitely be able to develop our own exposure optical system. Who will be afraid of who?

What Wu Zunyou thought was even simpler. It was just a short-term investment anyway. Two years later, after earning a lot of peak capital, he must have escaped from his shell in the securities market. Who will care about the life and death of microelectronic equipment?

?

After the two discussed it, they simply terminated the cross-shareholding agreement, and the province was still bound by such a shackle.

Three days later.

Hu Yang received a notice from Zhang Xiao that the major shareholder of microelectronic equipment, Modu State-owned Assets, proposed to convene a board meeting on the morning of the next day.

"Haha, it seems that Director You and the others are preparing for a showdown. Director Zhang, I will be there on time tomorrow. Just keep everything as usual on your side."

Hu Yang quickly hung up the phone and sat in the office thoughtfully.

In the past few days, he has resumed his daily schedule and works in the International Building every morning. In the afternoon, he sometimes goes to the Charisma Research Institute and sometimes goes to drink tea and chat with Zhang Rulin. His life is very relaxed and comfortable.

Zhang Rulin has been living in Shanghai during this period. He basically no longer cares about the company's specific affairs. The burden of Xintong International rests almost entirely on Meng Rusong's shoulders.

At this time, Wu Xinhui knocked on the door and came in and said: "Mr. Hu, it's almost time to get off work at noon. Should we eat at the company at noon or go out to eat?"

"Eat it at the company and ask them to bring it to you. Assistant Wu, please inform Mr. Xu later and ask him to hold a board meeting of Bolong Optical. As for the time, it will be in the morning the day after tomorrow."

Hu Yang estimated that Director You would definitely propose a proposal for a new round of additional issuance at the microelectronic equipment board meeting tomorrow.

Then, the time has come when the cross-shareholding agreement between Bolong Optical and Microelectronics Equipment can be lifted.

This matter needs to be voted on at the board meeting, so Hu Yang plans to resolve it together.

The next day.

Hu Yang arrived at Microelectronics Equipment on time to attend the company's board of directors meeting.

"Dear directors, there are two topics for today's meeting. Next, the proposer of the proposal, the representative of Modu State-owned Assets, Director You, will speak."

The person who presided over the meeting was Zhang Xiao, and the one who attended the meeting from Shanghai State-owned Assets Supervision and Administration Commission was Director You.

Director You took the microphone and immediately proposed that microelectronics equipment introduce a new strategic investor, and this new shareholder was undoubtedly Pinnacle Capital.

"I propose to conduct a new round of private placement, mainly for the purpose of transforming the company into a joint-stock company and preparing for listing.

The benefits that listing brings to the company are self-evident, and I hope to get your support. In addition, Summit Capital is a powerful shareholder that can bring various benefits in terms of funds, talents and even policies to the company."

Director You's speech was very straightforward and very attractive to the company's small shareholders.

Hu Yang took the initiative to observe, and several directors showed signs of approval.

Hu Yang secretly shook his head. With the help of Zhang Xiao, he had sent Wang Qingquan to contact the company's small shareholders. However, the effect was not ideal. Most of the small shareholders were blinded by the immediate interests and supported the state-owned assets of the city.
Chapter completed!
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