Big Country Intelligent Manufacturing - 948 Chapter 945 Xiangjiang Project·Strong counterattack begins [seeking subscription]

Compared with Yiming Group, the three companies including HSBC, Royce Family and Sequoia Capital participated in this meeting with a very large lineup. Think tanks such as economic analysts, legal staff, and assistants attended the meeting.

Li Anze also attended the meeting as Morgan’s assistant and was the first to speak on behalf of Sequoia Capital.”We think that ARM should redistribute director seats, and the previous contract between Xiangjiang Zhitong and ARM should be invalidated.” While speaking, he glanced at Xu Zhenming, who was sitting opposite, with a triangular eye.

Sequoia Capital holds 36.8% of ARM’s shares and is the largest shareholder.According to their opinions, Sequoia Capital should have two seats on the board of ARM, and it should also obtain the right to be the chief financial officer of ARM.The intention is to control ARM’s economic lifeline.

Following his speech, Bill and Zheng Daban also sent representatives to speak and put forward their own interests.

The Royce family holds 30.2% of ARM’s shares and requires two directors to participate in the daily management of ARM; although HSBC holds the least shares, with only 5% of the shares, it also has to send one director to participate in the management of ARM jobs.

In this way, Xiangjiang Zhitong Company can only have two director seats. Although it can participate in the management of ARMO, it does not have absolute control and decision-making power.

Isn’t that a puppet?

Xu Zhenming certainly disagrees.

“Gentlemen, aren’t your Western companies claiming that they pay the most attention to the spirit of contract? If you implement it according to your proposal, what is the spirit of contract? Our Xiangjiang Zhitong Company opposes your unreasonable request.” At this time, Yang Yurong was in Xu Zhenming’s opinion. Start to speak under the cue.

While talking, she took out the equity exchange contract signed between Xiangjiang Zhitong Company and ARM Company and insisted on implementing it in accordance with the terms of the contract.

In this way, Sequoia Capital and the Royce family can only get one board seat, and HSBC has too little shareholding ratio to participate in ARM’s decision-making.

According to the previous contract signed by Xu Zhenming, even if Sequoia Capital and the Royce family send directors to participate in the management of ARM, they have no decision-making power, only supervision.Sequoia Capital, the Royce family and HSBC can only enjoy the right to share dividends, and cannot influence Xu Zhenming’s decision.

Therefore, Li Anze, who was eager to protect the Lord, jumped out first.”We oppose this approach.” He looked at Yang Yurong with a grim face, thinking that Xiangjiang Zhitong’s approach was not in line with international practice.

“If you don’t accept this kind of clause, you can withdraw. If I remember correctly, you Sequoia Capital was not a shareholder of our ARM company more than ten days ago.” Yang Yurong ignored it, and had a very tough attitude.

She told Morgan on the opposite side that if the status quo of ARM is to be changed, Xiangjiang Zhitong has decided to suspend operations and allow ARM to suspend business indefinitely.

Yang Yurong was a little excited, her white face was a little red at this time, and her voice was very loud.From her facial expression, she seemed to be angry and didn’t want to compromise at all.

Everyone who attended the meeting knew that her words represented what Xu Zhenming meant.

Therefore, Daban Zheng was the first to stand up and make a round, “Xu Dong, your previous contract with ARM is unreasonable and does not conform to international practice. In fact, we can sue your company in the courts of the United Kingdom or the United States. We did not do this. It shows that we came with sincerity.”

Zheng Daban said that HSBC bought the company’s shares because of the potential of ARM.If Xu Zhenming wants to permanently shut down ARM, HSBC, Sequoia Capital and the Royce family can take over ARM through legal means, without having to come to Xiangjiang to discuss these matters with Xu Zhenming.

He can sit in the position of HSBC’s boss, he is indeed competent.Although the wording of the speech just now was very soft, there was a soft but a hard, which secretly put pressure on Xu Zhenming and threatened Xu Zhenming to kick the Xiangjiang Zhitong Company.

Hearing these words, Yang Yurong suddenly turned pale with anger, and her lips trembled slightly.

She slapped the table angrily, “You are shameless, this is a double standard. There are many multinational companies in the United States and the United Kingdom, and the teams responsible for the management of the company hold relatively few shares, and the major shareholders have not interfered in the company’s daily affairs.”

While talking, Yang Yurong took out a document and listed the situation of those multinational companies at the meeting.

These multinational companies are all listed companies, and the changes in major shareholders are very random, but the management team rarely changes.Later, she was going to question Zheng Daban, why she doubted the management level of Xiangjiang Zhitong Company.

But at this time, Xu Zhenming waved to her to signal her not to speak any more.

“Since you are going to take over the ARM company, then we will withdraw.” Then he slowly said a decision that surprised Zheng Daban and others.

Xiangjiang Zhitong Company wants to withdraw, and is unwilling to play a game of power and profit with British capital and American capital.

This decision was completely different from Xu Zhenming’s original intention, and it shocked Yang Yurong.

Not only that, but Zheng Daban, Bill, Morgan and others were also very surprised. They didn’t expect Xu Zhenming to be rather stubborn, just like the legend.If Xu Zhenming withdrew from ARM, what is the point of their speculative action to buy shares in ARM?

Not only that, Xu Zhenming said at this time: “According to the content of the contract, we, Xiangjiang Zhitong, have the right to terminate the authorization of the big data system technology patent and the core generation PDA technology patent. So, gentlemen, you are ready to pay 1.5 billion US dollars. ?”

This time exploded like thunder in Morgan’s mind.”Xu Zhenming is going to quit? ARM has no big data system technology, so how do we play?”

“Fak! How could Xu Zhenming do this? Are all Chinese people so mindless?”

“Um? Xu Zhenming wants to take back the technology of the big data system? This is not good! Without the technology of the big data system, ARM is not worth anything at all.”

Like Morgan, Mr. Zheng and Bill both looked at Xu Zhenming in amazement, already dumbfounded.

These three companies are aimed at the technology of big data system.It is believed that under the leadership of Xu Zhenming, ARM, which has the technology of big data systems, will surely be able to create huge profits soon.

Even if ARM is not profitable in the short term, they are preparing to list ARM in London, New York and Hong Kong, and they can make a lot of huge returns through the stock market.

This is the case with the Capital Group. It usually finds a company with potential, injects capital into shares, and finally packs the company into the market, and walks immediately after getting several times the profit.As for whether that company makes money in the end, they don’t care.

So, for ARM, Xu Zhenming is the real core.