novelraw Chapter 497: Shareholders’ Meeting, Power Shift
Chapter 497: Shareholders’ Meeting, Power Shift
Huashang Apparel Co., Ltd. — Headquarters Campus.
8th floor of the administration building, Chairman’s Office.
“Thank you, Brother Wang, for your support over the years,” He Jingping said warmly. “I believe that with the establishment of the joint venture, the business structure of Huashang Apparel will become more stable. With the momentum of live-stream e-commerce, there’s definitely a chance of going public within two or three years.”
“I’ll be watching closely then, haha. Keep it up, Chairman He! Our shareholder interests are in your hands! And Zhihui, I’m looking forward to seeing what you can do.” Wang Chengliang smiled in response, his tone carrying a touch of encouragement.
“Thank you for the encouragement, Uncle Wang. I’ll definitely make the joint venture bigger and stronger!” He Zhihui replied with a bright smile, gripping Wang Chengliang’s hand firmly.
This shareholder, who personally held 3.4% of the company’s shares, was not only a longtime friend of the He family but also a vital part of their shared interest group.
In fact, the six individual minority shareholders of Huashang Apparel were all close associates of He Jingping.
Over the years, through signing “acting-in-concert agreements,” He Jingping had tightly controlled the company’s voting rights, forming an unshakable alliance of interests.
Thinking of today’s meeting agenda, He Zhihui couldn’t help but glance at his reflection in the glass—confident and composed.
He was one of the protagonists of this shareholders’ meeting.As long as the proposal to establish a joint venture with Yingqu Media passed the vote, he would officially be promoted to General Manager.
By then, with resources from two major companies in his hands and standing at the forefront of the industry, success and recognition would be just around the corner!
Just then, Wang Chengliang suddenly asked, “Chairman He, you mentioned before that Xiangjiang Trust was interested in acquiring Huang Yangming’s shares. Did anything come of that?”
“No, it seems like it was a false alarm,” He Jingping smiled and shook his head. “I’ve contacted a few shareholders and institutions recently—nothing’s come up.”
Wang Chengliang nodded and added, “Oh right, what about Director Tang? He holds 35% of the shares—today’s vote should be fine, right?”
“Don’t worry, Uncle Wang,” He Zhihui said with one hand in his pocket, a cocky smile on his lips. “That guy’s just been focused on our new flexible production line. After we told him we could free up some capacity to do contract work for him, he stopped making waves. President Wu said the guy’s been super cooperative, already arranging the production line handoff. He even agreed to attend this meeting without making any demands.”
That said, the mention of Tang Song still left a bitter taste in He Zhihui’s mouth.
Huashang Apparel’s in-house production was already tight, and now they had to carve out part of it for Songmei Apparel, an external client.
To him, it felt like humiliation—like they were conceding, giving in.
His impression of Tang Song was extremely poor—to the point of disdain.
This guy had suddenly swooped in and acquired a chunk of Huashang shares, throwing their whole plan into chaos.
And that 35%? Backed by state capital.
No one knew what kind of background he had, which was why even his father remained cautious around him.
Gritting his teeth at the thought of Tang Song, He Zhihui muttered inwardly:
Once the joint venture stabilized and he truly entered Huashang’s core management, maybe it was time to give that guy a little trouble—
Show him who really runs the place!
“Watch it, Zhihui!” Huang Yangming suddenly cut in sternly, “Be respectful—Tang Song is a shareholder of your company. If he didn’t have the right temperament, how could your father dare hand over such an important joint venture to him?”
“Got it, Dad!” He Zhihui quickly straightened up.
He chuckled a few times and patted He Jingping’s shoulder, “That’s how young people should be—fiery and full of drive!”
“Thank you, Uncle Feng, haha, you flatter me,” He Jingping replied with a modest smile, glancing down through the floor-to-ceiling windows at the campus below, brimming with confidence.
At that moment—
Knock knock knock—
The office door was gently knocked.
Secretary Zhang quickly stepped inside.
“Chairman He, the shareholders have begun arriving in the conference room. President Li from Dingyun and President Qin from Chengrong called to say they’ll be here in a few minutes. But... there are two unfamiliar faces with a few of the shareholder reps—haven’t seen them before.”
“Oh?” He Jingping raised an eyebrow. “It’s fine. Given the importance of today’s vote, it’s normal for shareholders to bring people they trust.”
Secretary Zhang hesitated for a moment, then nodded. “Understood.”
He left, slightly bowing as he exited.
The reason he brought it up was that the two newcomers carried an unmistakably high-class aura—you could tell at a glance they weren’t ordinary people.
The three inside chatted for a bit longer.
He Jingping put out his cigarette, stood up, and said, “Let’s head over—only 15 minutes till the meeting.”
The other two nodded and followed him out.
...
At the conference room entrance, He Jingping stopped and scanned the shareholders already present.
Aside from Huang Yangming, the other four minority shareholders had all arrived.
His gaze was quickly drawn to the two “new faces” Secretary Zhang had mentioned.
A man and a woman, around thirty-six or thirty-seven years old, dressed in tailored suits with stern expressions. They were chatting quietly with the four small shareholders.
He Jingping’s brows furrowed slightly—something didn’t sit right.
How had he never heard of these two people—people clearly familiar with four of the shareholders?
Though suspicion brewed in his heart, the importance of today’s vote outweighed everything.
He decided to table it for now—there’d be time to look into it later.
“Dad, Mr. Huang is here!” He Zhihui nudged his father, whispering.
He Jingping snapped back to attention and walked forward with a welcoming smile.
“Mr. Huang, welcome!”
“Hello, Chairman He.” Huang Yangming returned the greeting warmly.
The two shook hands, engaging in small talk at the doorway. Laughter from nearby staff added to the cheerful mood.
Suddenly—
Heavy footsteps echoed down the hallway, drawing everyone’s attention.
They stopped chatting and looked toward the sound.
From around the corner of the corridor, a striking figure came into view.
His face was calm and composed, his deep blue suit gleaming subtly under the light. His entire presence exuded a cool and controlled aura that made those who looked at him instinctively feel a sense of respect.
Behind him followed a tall and graceful woman, dressed in a sharp women’s suit. Her expression was serious, her features refined and sculpted.
He Zhihui raised a brow and cursed inwardly: “Showing off again!”
Then, his gaze greedily swept over Lin Muxue.
D*mn! The more he looked, the more he liked it.
He never lacked women—but one with this level of looks and presence? Not a single one.
If he’d known back then how “hot” Xiaoxue really was, he’d have chased her with everything he had. No way he wouldn’t have bagged her!
The thought made his expression toward Tang Song even darker.
Huang Yangming’s smile slowly stiffened as he stared at the approaching young man, his eyes filled with disbelief.
Of course, he knew the new major shareholder’s name was “Tang Song.”
But he never imagined—it was the same Tang Song he’d met at that private event hosted by Yansheng Bank.
His impression of Tang Song was extremely deep.
After all, the guy had arrived with Xie Shuyu and was also close with Tian Chengye’s daughter.
He’d even tried to put him in his place with a few veiled warnings back then.
Accompanied by the sound of steady footsteps, more and more people appeared in their line of sight.
Aside from President Li of Dingyun Investment and President Qin of Chengrong Group, the others were unfamiliar faces—both men and women—all well-dressed and formal, a total of six individuals.
What stood out was that both President Li and President Qin were standing slightly behind Tang Song.
This discovery left He Jingping feeling extremely puzzled.
The approaching footsteps snapped everyone out of their thoughts.
He Jingping forced down the panic rising in his chest, stepped forward with a smile, and said with a friendly yet probing tone, “President Li, President Qin—what a coincidence that you bumped into Director Tang today. Haha, welcome, welcome!”
“Hello, Chairman He.”
Tang Song shook hands politely without offering any explanation.
The two institutional reps smiled and greeted him in turn.
Huang Yangming had just opened his mouth to say something when he noticed Tang Song’s gaze sweep past him.
There was only a calm nod—distant and indifferent—as if he wasn’t even worth noticing.
A trace of awkwardness flashed across his face.
He Zhihui chuckled and said, “Director Tang, while our shareholder meeting doesn’t limit how many people each shareholder can bring, you sure came with a crowd. Seems like you really care about this meeting!”
He was obviously mocking him. In his mind, Tang Song just loved putting on a show—just like with the audit team before.
Lin Muxue stepped forward gracefully, not even sparing him a glance, and addressed He Jingping directly,
“Chairman He, not all these people came with Director Tang. Some of them are accompanying representatives from Dingyun Investment and Chengrong Group.”
President Qin nodded to confirm, “Yes, Chairman He. Let’s talk inside. There are some important matters we need to announce today.”
The statement dropped like a torpedo into a still lake, sending waves rippling through He Jingping’s heart.
Still, on the surface, they all tried to maintain composure.
……
At exactly 10:00 AM, the Huashang Apparel Shareholders’ Meeting officially began.
“Good morning, shareholders. Thank you for attending this extraordinary shareholders’ meeting.”
As per usual, current chairman He Jingping gave the opening speech.
He briefly summarized the company’s achievements over the past year and gave an outlook on future development. This content belongs to novelꜰire.net
Then, in a habitual tone, he asked,
“Next, we’ll proceed with the scheduled agenda items. If anyone has concerns, please raise them now.”
No sooner had he finished speaking than a middle-aged man wearing gold-rimmed glasses stood up.
“Chairman He, before we begin the agenda, I have an important matter to address. First, allow me to introduce myself—I’m Zhang Jin, Legal Director of Juqing Huijin.”
At the mention of Juqing Huijin, both He Jingping and He Zhihui’s expressions changed dramatically.
They’d heard before that Juqing Huijin had expressed interest in acquiring Huang Yangming’s shares, but negotiations had fallen apart over price.
Now, it was clear—they must’ve acquired shares from other shareholders!
The room fell into a dead silence. You could hear a pin drop.
As father and son sat frozen in place, Lin Muxue’s lips curved into a faint smile, her bright eyes glinting red like a predator awakened.
It’s hunting time.
Today, your Empress Muxue will personally tear down her enemies!
Hahaha~~
Zhang Jin pushed up his glasses and took out a stack of documents from his briefcase, speaking concisely,
“After friendly negotiations, including shareholders Zhang Yanghe and Cheng Minghui, four shareholders in total have agreed to transfer their combined 6% stake to Juqing Huijin. Here are the ‘Share Transfer Agreements,’ ‘Payment Vouchers,’ and ‘Irrevocable Voting Proxy Forms.’”
The news struck the He father and son like thunder on a clear day.
Sweat beaded on He Jingping’s forehead as he looked around—only to see the small shareholder reps with heads down, avoiding eye contact.
He Zhihui trembled, his lips parting as if to speak.
But Lin Muxue stood up gracefully, her voice steady and confident,
“I am Lin Muxue, representing Rongliu Investment. I support Mr. Zhang’s proposal.
Our firm has completed the acquisition of the 14.4% stake held by Chengrong Group and Dingyun Investment.”
Immediately, one of her colleagues presented a thick stack of documents and placed them neatly on the table.
Her tone then turned formal and commanding:
“We request an immediate update to the shareholder register to confirm the valid voting rights for this meeting.”
President Li of Dingyun Investment stood and formally announced,
“Fellow shareholders, our share transfer agreement with Rongliu Investment is based on our confidence in the company’s future.
Their proposed reform aligns with Huashang Apparel’s long-term interests. We support this decision.”
President Qin followed suit, voicing his support as well.
This sudden reversal stunned everyone.
Even the four minor shareholders hadn’t expected such a bombshell.
Their 6% combined stake wasn’t enough to shift control.
But when paired with the institutions’ 14.4%, the tide had truly turned.
Lin Muxue looked at the dumbfounded father and son, basking in the attention.
Her foot tapped hard against the sole of her shoe under the table—this level of flex was divine.
She was glowing.
Whispers and murmurs spread around the room, the atmosphere so tense it felt like the air itself was vibrating.
He Zhihui’s face turned paper-white, still dazed, a wave of dizziness washing over him.
He Jingping looked at the calm and collected Tang Song—
He knew the truth now.
His eyes were filled with rage and disbelief.
Bang!
He slammed the table with a trembling hand.
“Director Tang, what is the meaning of this? Why weren’t we notified beforehand?”
To him, he’d already gone above and beyond to keep the peace.
Was it really necessary—over a single production line?
Tang Song responded calmly, “Chairman He, this is standard business conduct—entirely legal and compliant.”
He Jingping clenched his jaw, unable to respond.
The real issue was—he never imagined anyone would spend such an enormous amount of cash just to take control of Huashang Apparel.
At the current company valuation, acquiring this 20.4% stake would cost roughly 440 million yuan.
Combined with Tang Song’s previous 35%—that was 1.1 billion yuan.
What kind of concept was that?
To throw around that much liquidity, his net worth had to be in the billions.
Of course, Tang Song was backed by external investors and private equity.
But that only made it more baffling.
After all, Huashang was just a traditional apparel manufacturing company.
What kind of institutional investor would willingly throw money at a business like this?
It was madness!
Tang Song lifted his head, his voice steady and piercing:
“Colleagues, based on the declarations from the two representatives just now, I propose we immediately update the shareholder register and confirm the valid voting rights for this meeting.”
President Li was the first to respond,
“We fully agree with Director Tang’s proposal. The relevant documents have already been submitted to the legal department and can be verified at any time.”
“Yes, for the sake of procedural fairness, let’s move forward. This aligns perfectly with the company charter.”
All eyes turned toward He Jingping, waiting for his reaction.
Time itself seemed to freeze.
He looked down and remained silent for a long time.
Beads of sweat slid down his forehead.
Finally, he took a deep breath and nodded grimly at Secretary Zhang behind him.
“Handle it quickly,” he said, voice hoarse and low.
Less than ten minutes later, the Legal Director of Huashang Apparel rushed into the meeting room, joined by CEO Wu Wei.
The updated shareholder register was quickly printed and distributed.
He Jingping’s hands trembled as he took it, but he didn’t even open it.
Once the updates were confirmed, the reps from Chengrong, Dingyun, and the four minority shareholders stood up and quietly exited the room.
The massive conference room suddenly fell into an eerie silence.
There was a suffocating pressure in the air—so heavy it seemed even breathing was a challenge.
Amid that stillness, everyone’s gaze instinctively gathered in the same direction—
Tang Song.
“Given that company control has changed hands, I propose we suspend the original agenda and add a new topic,”
Tang Song’s gaze swept the room, calm and composed.
“Reorganize the board of directors.”