CHAPTER 238: CHAPTER 238: THE LIFE-OR-DEATH LINE OF VOTING RIGHTS

"The current chairman of Fei Peng Automobile, Zhao Feipeng, holds twenty percent of the company’s shares but has sixty-four percent of the voting rights."

"Because his voting rights are so large, it leads to other shareholders having smaller voting rights. Li’s eleven percent of shares only have 3.6 percent voting rights."

Chen Yiyang previously knew that Zhao Feipeng’s shares carried significant voting rights.

However, he hadn’t expected them to be this substantial.

Fei Peng Automobile can virtually be seen as Zhao Feipeng’s one-man show.

Obviously, considering the previous internal conflicts at Fei Peng Automobile, Zhao Feipeng hasn’t utilized these rights.

But one cannot deny that his rights exist.

Whenever he wishes, he can decide on any matter within Fei Peng Automobile.

"Regarding Li’s eleven percent of shares in Fei Peng Automobile, I think the price can be negotiated. But the voting rights are too low. If I’m to take over the shares, I hope to increase voting rights to at least above five percent."

Chen Yiyang presented Li with a dilemma.

On the surface, he seemed to accept the price, yet similarly, he needs to enhance his speaking power.

Chen Yiyang doesn’t believe Li can truly convince Zhao Feipeng to relinquish a portion of his voting rights.

The rationale is simple.

There are three life-and-death lines for company equity: sixty-seven percent, fifty-one percent, and thirty-four percent.

Having sixty-seven percent of the voting rights equates to absolute control over the company.

Having fifty-one percent of the voting rights equates to relative control over the company.

Having thirty-four percent of the voting rights equates to a veto right at the company’s shareholder meeting.

Although Zhao Feipeng possesses sixty-four percent of the voting rights, he also has an executive ally within the company.

Together, their voting rights just surpass sixty-seven percent.

Though Chen Yiyang only wants around three percent more of the voting rights, this is a life-and-death line for Zhao Feipeng in terms of absolute control over the company.

Unless the company is truly nearing bankruptcy, in general, a company boss will never give away this life-and-death line.

Sure enough, as soon as Chen Yiyang finished speaking, Li’s people showed worried expressions.

They had a contingency plan for this request from Chen Yiyang.

Because now everyone knows the issue with Fei Peng Automobile stems from the top management.

If someone wants to take over Fei Peng’s shares, at the very least, they need some speaking power within the company to avoid spending money in vain.

Li’s 3.6 percent voting rights are too little; if they could be increased by even two percent, it could impact some major decisions at Fei Peng Automobile since Zhao Feipeng would lose absolute control.

After thinking for a moment, Li’s M-level executive opened his mouth and said, "Your request is something I can’t decide on alone. We need to bring on people from Fei Peng Automobile to negotiate together."

"Can you arrange that?"

"It’s doable, we can help make contact."

The negotiations with Li could be considered complete.

Chen Yiyang’s task was only halfway done.

Since he had to pretend to genuinely want to buy Fei Peng Automobile’s shares, he couldn’t refuse too sharply.

It’s best to put forward some seemingly reasonable demands from his side that the other party finds unacceptable, prompting them to voluntarily refuse, which is ideal.

Accompanied by Li’s M-level executive Luo Ping, he exited the building of Li’s company.

Chen Yiyang saw the page game company boss he had met a few days earlier.

"Mr. Xu, why are you here too?" Chen Yiyang proactively walked over, reached out to shake hands, and greeted.

"Hello, Mr. Chen." The page game company boss glanced at the person accompanying Chen Yiyang and immediately said ingratiatingly, "I heard that Li has been expanding in the gaming industry over the past few years, so I came over to seek some investment."

Though he said investment, this person actually saw that Chen Yiyang’s talks had collapsed and thus came to try his luck with Li, hoping Li might acquire his company.

"Actually, the gaming industry has never aligned well with Li’s character; it was an erroneous decision for Li to enter the gaming industry initially."

Luo Ping, standing beside Chen Yiyang, couldn’t hold back upon hearing this page game company’s boss mentioning seeking investment from Li.

He continued, "Li has approved an internal decision to overhaul the previously acquired game company, so we’re not considering acquiring new game companies at the moment."

"I believe Li’s game company is Lingxi Interactive Entertainment, right?"

"Yes," Luo Ping nodded.

Chen Yiyang had an impression of this game company.

Mainly because back then, Li’s boss Ma Jun always claimed Li wouldn’t venture into games, as that didn’t align with Li’s values.

In the end, after Li established its entertainment division, it directly entered the gaming domain and spent ten billion to acquire Lingxi Interactive Entertainment.

At the beginning, Lingxi Interactive Entertainment did indeed produce the very successful SLG game Three Kingdoms Strategy.

But for a long time afterward, Lingxi Interactive Entertainment hadn’t released any notable games, with the whole company surviving off the laurels of Three Kingdoms Strategy.

Though the revenue from Three Kingdoms Strategy was quite decent.

Yet, a heavily monetized SLG game not only tarnished Li’s reputation but also got embroiled in lawsuits for allegedly plagiarizing a game from Wangyi, constantly hounded by Wangyi’s litigation.

Li plans to rehaul Lingxi Interactive Entertainment and reorganize its layout in the gaming industry, which isn’t surprising.

However, the subsequent words from this man left Chen Yiyang utterly dumbfounded.

"Though Lingxi Interactive Entertainment has been acquired by Li for quite some time, this company has never truly embraced Li’s culture or recognized its values.

Lingxi Interactive Entertainment’s only profit-generating game, Three Kingdoms Strategy, was created under Li’s support, with a third of its success attributable to Li."

After losing Li’s support, Lingxi Interactive Entertainment hasn’t produced a single excellent game.

Li helped Lingxi Interactive Entertainment, yet Lingxi Interactive Entertainment hasn’t shown gratitude towards Li and continues to replicate the old models of traditional gaming companies.

I believe the future of the gaming industry will belong to AI, as only AI can complete game production, encompassing half of the industrial pipeline process.

Though I don’t understand games, the connection between games and films should be integrative. Li’s entertainment division compressed film production that took three years into one year, and I believe this can also be applied to the gaming sector.

Moreover, Lingxi Interactive Entertainment is located in Yangcheng, a place historically known as a land where ancient criminals were exiled, considered a land for barbarians without cultural refinement.

In the future, everyone from Lingxi Interactive Entertainment will need to come to Lin’an to receive the cultural refinement and training from Li to truly have a future."

After Luo Ping’s speech.

Not just Chen Yiyang, but even the company boss beside them was dumbfounded, wondering if his mind was working properly.

Indulging in his speech addiction, Luo Ping didn’t need to send them off anymore; as soon as Chen Yiyang got into the car, the page game company’s Mr. Xu hurriedly ran over, gripping the car door, and said to Chen Yiyang, "Five million, I’ll sell my company to you for five million, is that acceptable?"