Mr. Dior - Chap 77
Ch77 – Poverty has limited my imagination
Translator:- Max
Editor:- Nine〜(꒪꒳꒪)〜
Slight embarrassment permeated the narrow space, Jiao Qi turned around and glared at Big Dick Zhang, daring him to speak again. Then he quickly got out of the car, and said calmly to the person in the car, “Go to work quickly. You don’t have to wait for me for lunch.”
Zhang Chenfei still wanted to say something, but since his father-in-law was present, he could only give up, and drove away with a sullen face.
Jiao Zuoren stood aside with a livid face. The sentence just now was really indecent. He wanted to ask but the words won’t come out of his mouth. He could only stomp the ground with his cane, as he walked into the company.
Jiao Qi hurriedly followed.
“This kid, three days with a beating and he scaled the roof and ripped the tiles!” Jiao Zuoren muttered with annoyance as he entered the chairman’s office.
“We had a quarrel this morning, and things are a bit difficult. You shouldn’t stoop to his level.” Today he came to ask his father for something, so Jiao Qi maintained a good attitude.
Ever since he was a child, Jiao Qi seldom opened his mouth to ask his father for things, and for a while he didn’t know how to speak. Fortunately, Jiao Zuoren knew what his son’s purpose for coming was, so he called the lawyer over without asking.
The 5% stake in Shi Fei Technology belongs to Jiao Zuoren as his personal property, so instead of Jiaoyang’s legal department, his personal lawyer handled this matter. The documents for the transfer of shares had long been prepared, a thick stack of paperwork that only required signatures and seals.
“These shares were originally for you. I’ll buy them at the market price.” Jiao Qi frowned slightly as he looked at the “one yuan” transfer fee written on the contract. If it wasn’t for the online incident, he wouldn’t have asked for these.
“Ah market price, do you have that much liquid funds?” Papa Jiao glared at him. The stock prices of Shi Fei Technology were currently quite high.
“Then…” He wanted to pay his father in instalments, but Jiao Zuoren had already signed the document over there, and threw it to him after signing.
“You’re my only son. After I die, these things will still be yours. Hurry up and sign, and get out after signing. I have a lot of things to do here.” When parents transfer equity to their children, it can be lower than the market price, and the process is simple.
After Jiao Qi finished signing, a general shareholders’ meeting would be held at Shi Fei, and more than half of the shareholders had to agree to the transfer.
Jiao Qi was helpless, as he was really anxious to get this part of the share. So he could only bite the bullet and accept the label of a gnawing old man, and signed his name.
A 5% equity change was not a trivial matter. After Jiao Zuoren notified Shi Fei shareholders, a shareholders’ meeting was held the next day.
Upon learning that Jiao Qi went to Jiaoyang Estate to get the shares for himself, Zhang Chenfei felt uneasy for a while. His ears slightly turned red as he reached out and held Jiao Qi’s hand. “From now on, you will be my creditor. However you want to play, I’ll obey all your orders.”
“What do you two want to play?” Gao Shiqing, who had rushed to hold the shareholders’ meeting, popped up from behind.
Jiao Qi shook off Zhang Chenfei’s hand. “Nothing.”
“Old Gao, you’re back!” Zhang Chenfei exclaimed with excitement upon seeing his good brother. He didn’t expect the loan shark to release him so quickly. With old Gao’s return, he finally felt at ease.
“Yeah, I haven’t been here for a long time.” Gao Shiqing sighed, since he went out to open a food delivery platform, he seldom took care of Shi Fei’s affairs nowadays, and only came back to support the place when Zhang Chenfei needed him.
“I feel relieved now that you’re back,” Otherwise, he would constantly worry about him getting beaten up.
“What are you talking about? When have I let you down?” Gao Shiqing playfully bumped his fist against him.
Jiao Qi looked at the two good brothers who were not on the same channel at all, and didn’t know what to say, so he lightly coughed to remind them that it was time to enter the conference room.
Zhang Chenfei held 33% of the shares in Shi Fei Technology, Gao Shiqing held 12%, and they added up to 45%. Therefore, Shi Fei’s primary decision-making power had always been in the hands of the founder team. The Feihua game that bought shares frantically in the early years and tried to annex Shi Fei, had its holdings reduced over the years, and now only 13% was left, which basically would not hinder them.
Feihua Games, as a corporate shareholder, sent senior representatives to attend the shareholders’ meeting. Prior to the voting, there was a discussion of the matters at hand. After reading the transfer agreement, Feihua’s representative expressed their opinion first, saying, “The transferee of the shares is in a marital relationship with President Zhang. Originally, the combined proportion of President Zhang and President. Gao’s shares already reached 45%. With this additional 5%, it means that more than half of the votes are in President Zhang’s hands. It seems that there will be no need to hold shareholders’ meetings in the future.”
Several small shareholders who rarely expressed their opinions and only followed along to receive dividends whispered among themselves.
“It does seem a bit inappropriate. Previously, with the 5% space, we still had some influence, but now we won’t have any in the future.”
“One-man show is not a good thing for the development of company”
“You only have 0.5% of the shares, what influence can you have?”
“Hey, that’s not what I said, 0.5 is still a lot.”
“Dong dong” Gao Shiqing knocked on the table, motioning everyone to be quiet. “I say, everyone, you have to figure it out. The 5% shares were originally owned by Zhang Chenfei, and it was given by him as a betrothal gift to his father-in-law. Now it is transferred from his father-in-law’s hands to his wife’s hands, is there any difference?”
It didn’t seem to make a difference.
In the past seven years, Jiao Zuoren had basically never participated in Shifei’s shareholders’ meeting. Every time there was a meeting, he was treated as an abstention. The shareholders almost forgot him.
“Legally speaking, spouses, siblings, and parents and children are independent in terms of shareholdings and do not affect each other.” Zhang Chenfei clarified the legal knowledge for them, “I also have differences of opinion from old Gao.”
How they described it seems as if the two of them have been huddling together to bully other shareholders.
“If there are no major issues, I will handle it in the same way in the future, as to how my father handled this part of voting rights before. Don’t be nervous.” Jiao Qi spoke slowly, his chin slightly raised, with a bit of innate arrogance.
Facing Young Master Jiao like this, the other shareholders were too embarrassed to say anything more, otherwise they seemed petty. The father transferred it to his son instead of selling it, and it didn’t increase or decrease the price, so there was nothing to say. Besides, Jiao Qi’s social reputation was no worse than that of Jiao Zuoren, so it won’t affect Shi Fei’s stock price.
Basically everyone voted in agreement.
The abuse on the Internet had not stopped. The poster who claimed to be a resigned employee of the financial company did not post any other news, but netizens would make up their own minds. After two days of fermentation, even the remarks that “Zhang Chenfei is a puppet” came out. In addition, some unknown forces came out to stir up the muddy water, trying to lead the public opinion of Shi Fei Technology.
On the third day, sharp-eyed people discovered that Shi Fei Technology had released a major event report.
5% of the shares were transferred from Jiao Zuoren to Jiao Qi.
【What kind of operation is this?】
【Transferring the shares to his son, can it prove that his son-in-law didn’t make his fortune by himself? Why can’t I understand the logic of rich people?】
【Young Master Jiao has sent a message, quickly go and look!】
Jiao Qi logged on to his social media account that he hadn’t used for thousands of years, and posted two equity diagrams. The first one was the new shareholding structure of Shi Fei Technology, showing that Jiao Qi occupied 5% of shares; the second one was the shareholding structure chart of Bajiao Group, showing that Zhang Chenfei occupied 5% of shares.
【Jiao Qi: Seven years ago, we agreed to exchange this at out wedding ceremony.】
Plain and simple method, to just tell the truth. No matter how stupid netizens were, they could understand that this was the dowry that was exchanged seven years ago, and it had nothing to do with those rumours. Passers-by who hadn’t paid attention to this matter before, saw the two symmetrical pictures and understood at a glance, and they didn’t have to bother to explain the relationship between Jiao Zuoren and Jiao Qi, and the rumours could be put to rest in the shortest time.
When Jiao Qi learned that Zhang Chenfei had given his shares to his father, he also gave him a portion of his newly established Bajiao Group’s shares. At that time, both of their companies were not highly valued, so it could be considered an equivalent exchange.
【Others get a ring when they get engaged, or a set of gold jewellery if they are extravagant, but this is the first time I have seen someone who exchanged shares.】
【Poverty has limited my imagination.】
