Reborn as a tycoon in Hong Kong

Chapter 167 The Board of Directors Attacks

Hutchison Whampoa, Board of Directors.

Although this was an impromptu board meeting, all directors were present. Lin Shufang attended instead of Lin Baicheng, and Cheng Yufeng spoke on his behalf.

Director Bob said: "This extraordinary board meeting was held because of the recent decline in international gold prices. If I remember correctly, the company has a large amount of funds used by Chairman Lin Baicheng to invest in gold futures, and it is long. I want to know Is it this way."

The director representing Jardine Matheson also said: "This is related to the interests of our shareholders. We have the right to know whether the company's investment has caused a large loss."

The director of the Qi Dezun family then said: "When the investment decision was made, the chairman did not discuss it with us at all and made the decision himself. Now that the investment has failed, the chairman must be responsible for this."

Faced with the attacks from the three parties, Wei Li couldn't help but said: "Three directors, please don't be anxious. Regarding the company's gold futures investment, during the review of the quarterly statements at the end of this month, our management will report to the board of directors to let them know." All directors and shareholders are aware of the company's operations."

"Now that gold prices have dropped so much, how can we not be anxious?"

Bob asked back and said: "Weili, just tell us directly whether the company's investment is currently making money or losing money, and how much it has made, and how much it has lost. At least let us know I know it well."

"Director Bob, the specific investment details are confidential and are related to whether the funds can be profitable, so I'm sorry that I can't tell you the current investment status for the time being. It's already April, so please don't worry. In about a few months, the company will inform you of the specific situation."

Cheng Yufeng said aloud that he felt something was wrong with the three directors suddenly asking for a board meeting and suddenly launching an attack together. Although I don’t know why they do this, and why they need to know whether investment is a profit or a loss, it’s okay to not let them get what they want anyway.

Although Cheng Yufeng is not a director, everyone knows that he speaks on behalf of Chairman Lin Baicheng, so no one questions his right to speak.

After hearing this, Bob was dissatisfied and said: "I am the company's major shareholder and director. The company's investment may cause serious losses now, but you told me to keep it secret. Are you kidding me?"

The director representing Jardine said solemnly: "I feel that the chairman does not respect us directors at all, and treats us completely as decorations."

Cheng Yufeng said immediately: "Dear directors, of course Mr. Lin respects all directors, but please also believe in Mr. Lin's ability and don't worry about damage to your interests because of some fluctuations. You must know that Mr. Lin is the company's largest shareholder, and the company If interests are harmed, Mr. Lin himself will suffer the greatest loss."

The director of the Qi Dezun family suddenly said: "So, the company has lost money on its investment?"

"I have no comment!"

Cheng Yufeng shook his head. The more the other party wanted to know the specific investment details of gold futures, the less he could tell.

Bob looked at Weili and said, "Weili, what do you say?"

Cheng Yufeng also looked at Wei Li, but he did not say anything to tell Wei Li not to say anything, because it was meaningless at all. If Wei Li really wanted to say it, he couldn't stop it at all, because Wei Li could secretly tell Bob and others the truth after the board of directors.

"I listen to Mr. Lin."

Wei Li expressed his position. Of course he knew that the company's gold futures investment had made money. He also knew that first he made money by going long and now he made money by going short. Therefore, the company would only get better and better. Of course he stood by Lin Baicheng, the chairman who was bound to win. Side.

"Let's vote!"

Bob said solemnly: "Let's vote on whether the management should disclose investment details to the directors now. We have the right to know the company's operating status."

Cheng Yufeng nodded: "Okay, let's vote. If you agree to let the management announce it, please raise your hands."

The three directors of the Bob, Yihe, and Qi Dezun families immediately raised their hands.

"Very good, just three of them."

Cheng Yufeng couldn't help but smile when he saw this, but his expression quickly changed because he saw Vice President Richard Richard and Vice President Chen Xinghan also raised their hands, and now there were five votes in favor.

"Very good, five votes passed. Now please ask the management to report the details to our directors."

Bob nodded with satisfaction. They suddenly attacked, how could they not be prepared.

Cheng Yufeng looked at Richard Richard and Chen Xinghan with an ugly expression: "Do you know what you are doing?"

"We are doing this for the company and for the benefit of all shareholders."

Richard Xin said righteously, of course he knew that it would be difficult for him to have a position in the company after today, but he didn't care, since Nuo Bijian had already agreed to poach him to Yihe.

Although Chen Xinghan didn't say anything, he also knew the consequences of doing so. However, someone gave him a large sum of money to do this, and he couldn't refuse. At most, he would not work at Hutchison Whampoa in the future.

"You two, what's your decision?"

Cheng Yufeng did not scold Richard Chaxin and Chen Xinghan because it was meaningless. He looked at Xia Boyin and Wei Peter who did not raise their hands.

"We listen to Mr. Lin."

Xia Boyin and Wei Peter made a statement. Someone approached them yesterday, but they chose to refuse. Since I have already refused, I naturally have to express my attitude now.

"Boss Lin will take note of the performance of the two directors."

Cheng Yufeng's expression couldn't help but soften, and then he turned his head and whispered to Lin Shufang.

After a while, Lin Shufang spoke up: "I am now exercising the rights of the chairman, vetoing the resolutions of all directors with one vote, and disagreeing with the management's announcement of investment details to all directors. At the same time, today's board meeting will end here and adjourn. "

"Is this your attitude or Lin Baicheng's? He has no respect for us major shareholders and directors at all. Hutchison Whampoa does not belong to him alone."

Bob slapped the table and stood up, very dissatisfied.

"Director Bob, since Mr. Lin allows us to exercise his rights as chairman, our attitude will be Mr. Lin's attitude."

Cheng Yufeng responded tit-for-tat. He could see that these directors had united and were already Mr. Lin's enemies. Naturally, there was no need to be polite anymore.

"Hmph! We all know that the investment he advocated has lost money. Since we have lost money, we must admit it and apologize to us shareholders, instead of refusing to admit it!"

Bob and others were very dissatisfied and left the conference room one after another.

Richard Chaxin and Chen Xinghan followed closely behind without saying anything. They know very well that as long as Hutchison Whampoa is still under Lin Baicheng's control, it will not be long before they leave Hutchison Whampoa, and they are already mentally prepared for this.

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