Chapter 654 Absolute Control

After the mortgage loan expires, the principal and interest will be repaid in one lump sum. Then, both parties will go through the procedures, and Huijia International Investment will return this part of the equity to Summit Capital.

Both parties also specifically stated that during the mortgage period, Huijia International Investment will enjoy all the rights of shareholders on behalf of the shareholders.

But this right cannot harm the interests of original shareholders...etc.

"Mr. Yang, you can print the agreement now. Let's go to dinner together first. When we come back from dinner, we can sign the contract."

Wang Qingquan finally breathed a sigh of relief. This Yang Hu was very difficult to deal with and a terrible negotiating opponent.

Fortunately, all the problems were solved. The original plan was to complete this task in one week, but unexpectedly the battle ended in two days.

Yang Hu smiled and nodded, and went to have lunch with Wang Qingquan.

After returning from dinner, the two parties formally signed the contract. Next, they can go through the equity mortgage procedures, as well as shareholding documents and other matters.

Three days later, Huijia International Investment transferred 4.5 billion yuan to Summit Capital. Hu Yang took all the legal documents and couldn't help but let out a long sigh of relief.

It’s not easy!

"Assistant Wu, call Director Li of Microelectronics Equipment and tell him that I will invite him to play ball with me this afternoon."

Hu Yang sighed with emotion for a while, then called Wu Xinhui in and asked her to call and make an appointment with Li Qi.

Now that Hu Yang nominally owns more than 50% of the equity in microelectronic equipment, he naturally wants to take back control of the company.

Li Qi is a talent, and Hu Yang is not prepared to kick him out.

In the afternoon, Li Qi met with Hu Yang as scheduled.

"Mr. Hu, congratulations! You have now become the de facto controlling shareholder of the company. I think your Huijia department will make big moves next, right?"

After Summit Capital and Huijia International Investment reached an agreement, they notified the state-owned assets management department in Shanghai in accordance with the rules, and Microelectronics Equipment issued a special announcement for this purpose.

This kind of announcement is not a good news, and the stock price of microelectronic equipment is still very depressed.

But the agreement between the two was quite shocking to Director You and Li Qi. The first issue was the re-election of the board of directors, and the second was the personnel changes at the company's top level.

Li Qi has also been thinking about his fate these past two days, so when he was playing, he was not focused at all.

"Director Li, I have asked Bolong Optical to convene a board meeting, and we will definitely increase the number of directors.

In addition, I plan to let Zhang Xiao take charge of Microelectronics Equipment again and serve as the company's chairman. And you will be changed to the company's CEO, what do you think?"

Even if Hu Yang admires Li Qi again, he will always be from the state-owned assets side of the city. Therefore, the position of chairman of the company must be taken back.

The CEO position can be left to Li Qi, if the other party is willing.

If Li Qi was determined not to stay, Hu Yang would not try to persuade him. The main reason why he asked Li Qi to play together today was because the two had gotten along well before, and they probably started well and ended well.

"Mr. Hu, thank you for your approval. For the time being, I will stay in microelectronics equipment. As for what will happen in the future, I am not sure.

Director You has been looking for me in the past two days. He thinks that you will control the board of directors and then purge the company's top management. Now it seems that his judgment is half right and half wrong. At least you are willing to let me serve as the company's CEO."

Li Qi sighed. He didn't like to give up halfway.

Now, Hu Yang is willing to give him a chance, and of course he will not refuse. But Director You has already hinted that Modu State-owned Assets has completely lost control of microelectronic equipment, and after a period of time, Li Qi may be transferred to another job.

Place to go.

"As long as you say this! The current situation of microelectronic equipment is very dangerous, and it may fall at any time. Next, let us work together to deal with the difficulties, maybe we can create a miracle?"

Hu Yang didn't say much. After all, Li Qi couldn't help himself. Unless he completely broke away from the state-owned assets of the Demon City, there was no point in thinking too far.

Li Qi nodded and absentmindedly played with Hu Yang.

Hu Yang could probably understand what the other party was thinking, but it was difficult for him to open his mouth when it came to his personal future. The two spent more than an hour on the court, went to the lounge to drink coffee for a while, and then left the clubhouse.

The next day.

Hu Yang held a board meeting vigorously and resolutely.

After the re-election of the board of directors, Huijia Group (including Bolong Optics) won three board seats. Modu State-owned Assets retained one seat, and another seat was given to an independent director.

Immediately afterwards, the company's personnel underwent major changes. Zhang Xiao made a full circle and still served as the chairman of Microelectronics Equipment, while Li Qi became the company's executive president.

There are also some positions, such as financial director and head of the human resources department, that were taken over by Hu Yang. However, there are almost no changes in the company's production technicians and general management positions.

Director You did not show up at this board meeting. He authorized Li Qi to attend the meeting on behalf of the state-owned assets.

Perhaps because the overall situation has been decided, he does not want to personally face the purge of the company's top management.

The reorganization of the board of directors was completed, and the new chairman Zhang Xiao immediately initiated the first board meeting. The meeting had only one topic, which was private placement.

"Dear directors, in view of the current difficulties of the company, it is necessary to join forces. Therefore, I propose to conduct a new round of capital increase and share expansion. This round of capital increase and share expansion adopts the form of private placement. Bolong Optics intends to purchase all the shares in this additional issuance.

shares.”

The proposal put forward by Zhang Xiao did not exceed Li Qi's expectations. He had long known what Hu Yang and his Huijia department thought about microelectronic equipment.

Under normal circumstances, it is almost an impossible task for Bolong Optics to acquire microelectronic equipment.

Otherwise Hu Yang would not have actively promoted the so-called "merger and reorganization" plan.

But Peak Capital's magical operation gave Hu Yang unlimited room for imagination. He did not disappoint everyone. On the day he took control of the company's board of directors, he started a new round of financing plan.

Huijia belongs to this side and has three board seats in the company, with Hu Yang, Zhang Xiao and Wang Qingquan serving as directors respectively. Among them, Zhang Xiao once again became the chairman of the company.

There are two remaining board seats, one for Modu State-owned Assets and one for an independent director.

This independent director was recommended by Academician Lu and has a certain reputation in the domestic economic circles. He thought for a while and said:

"I agree with Director Zhang's proposal. The current difficulties of the company are not limited to the supply chain break, but also include the capital chain, technical reserves, etc.

Everyone knows that Bolong Optics is the leader in the industry and enjoys hundreds of billions of national funding subsidies. The other party's technical capabilities and financial strength are not comparable to ours, so I welcome the joining of Bolong Optics."

After the independent director spoke, Li Qi lost interest in talking.

Director You had previously stated that capital increase and share expansion must be clearly opposed. However, four of the five seats on the board of directors were in favor, and the motion was undoubtedly passed with an overwhelming advantage.

At this time, Li Qi's opinion was meaningless.

Even if this proposal is discussed at the shareholders' meeting, the result will not be any different. Currently, Huijia Group holds more than half of the equity of Microelectronics Equipment and has become the actual controller of the company.

The bill passed smoothly, Zhang Xiao glanced at Populus euphratica.

Hu Yang said with a smile: "I don't have any other opinions. Director Zhang, please apply to the regulatory authorities as soon as possible. The sooner you get the approval, the sooner the company can get support."

Private placements also need to be approved by regulatory authorities, but this process will be easier and will not take too long.

During the waiting period, Bolong Optics did not intervene in the operation and management of microelectronic equipment. Zhang Xiao and the new management were in the process of running in in various aspects.

At the same time, negotiations between Bolong Optical's representatives Huijia Department and Nikon are still proceeding in an orderly manner. Zhang Xiao is also responsible for this work, and he is busy almost every day until late at night during this period.

After get off work this afternoon, Hu Yang specially invited Zhang Xiao to have dinner with him.

"Mr. Zhang, don't work too hard. You should also pay attention to rest. When negotiating with Nikon, just keep the pace of the previous period. Don't worry, we will naturally be able to reach an agreement with them after the capital increase and share expansion of microelectronic equipment is completed.

"

Nikon knows that Hu Yang wants to acquire microelectronic equipment, and also knows that the possibility of success is very high. Now it is just the last step. The other party is not in a hurry in the next few days, and will not rest until it sees the results.

"Nikon has a big appetite and wants to have an exclusive monopoly on the company's supply chain. I told them this, but there is no need to discuss it.

In addition, they still want dual workbench technology for microelectronic equipment. However, our goal of completely controlling microelectronic equipment has not been completed, and this negotiation has been put on hold for the time being."

Zhang Xiao picked up the wine glass, touched it with Populus euphratica, and drank it in one gulp.

He was under a lot of pressure during this period. He returned to microelectronics equipment again and saw that the company was half-dead. He got angry and had a big blister at the corner of his mouth.

"Don't even think about monopolizing the supply chain. After all, we can still import a lot of parts from Germany. As for the dual-workbench technology, it doesn't matter if we give it to them, but the premise is that they can produce technology of comparable value in exchange."

The security of the supply chain is more important than anything else, and Populus euphratica does not want to make the same mistake again.

As for technical matters, there is no need to be too self-conscious. It is not a unique skill anyway. If Asmai can train a rival, he will be happy to see it succeed.

However, he is not optimistic about Nikon's ambition to revive high-end lithography machines. The current market is so big, and apart from Toshiba Semiconductor, RB does not have many well-known companies in the field of semiconductor manufacturing. Even if the other party can make a technological breakthrough

, but it is also in a very disadvantageous position in market competition.

"Okay, let's talk to them slowly first. Mr. Hu, after the microelectronic equipment matter is sorted out, I still have to focus on Bolong Optics. With Mr. Li here in the microelectronic equipment, the daily work

You don’t have to worry too much about management.”

Zhang Xiao has his own ideas. In the future, microelectronic equipment will become a company controlled by the Huijia Group. Relatively speaking, the development of Bolong Optics will be better.

"Well, you can take care of this yourself."

Hu Yang smiled slightly and felt that Zhang Xiao was a person who knew the importance of things.

Half a month later.

The regulatory authorities approved the application for private placement of microelectronic equipment. The company issued 200 million additional shares at a price of 100 yuan per share.

These 200 million shares were fully subscribed by Bolong Optics, and microelectronic equipment suddenly received an additional 20 billion yuan in funds.

After the completion of this round of additional issuance, the total share capital of Microelectronics Equipment has become 618 million shares.

Among them, Bolong Optics holds 240 million shares of the company, becoming the largest shareholder, accounting for 38.83% of the company's shares. Huijia International Investment holds 80 million shares of the company, becoming the company's fourth largest shareholder, accounting for 12.94% of the shares.

.

The two together hold a total of 320 million shares of microelectronic equipment, accounting for 51.77% of the shares. Therefore, Huijia Group has completed the task of absolute control, not counting the shares held by Pinnacle Capital on behalf of the company.
To be continued...