CHAPTER 391: CHAPTER 382: LIN MU’S SCHEME

"Knock knock!"

There was a sound of knocking on the door outside.

"Director Qi!" Wang Junhui shouted from outside.

Qi Manlin was jolted awake as if from a dream. She quickly pushed Lin Mu away, tidied her clothes, and there was a hint of blush on her face. However, for some reason, hearing the knocking made Qi Manlin feel a slight sense of loss.

"Damn, what’s going on!" Lin Mu cursed under his breath angrily, walked to the office door, and opened it.

"Haha, Chairman Yang, have you signed everything?" Lin Mu said with a smile after opening the door.

Wang Junhui nodded excitedly and said, "All signed, thank you so much."

"Chairman Wang, you’re treating me like an outsider. After all, Aiai is my friend, it’s only natural, no need to be so courteous." Lin Mu laughed.

"Alright, in that case, I’ll take my leave first. I must invite you out for a meal and a chat next time." Wang Junhui said.

"Definitely, definitely!" Lin Mu smiled and shook hands with Wang Junhui.

"Brother Lin, see you another day." Wang Aiai said, waving with a cheerful smile at Lin Mu.

"Sure, see you another day." Lin Mu smiled.

With Wang Junhui’s matter resolved, Qi Manlin and the Discipline Inspection Commission issued a statement proving Wang Junhui’s innocence and even apologized to him. The provincial bank also reinstated him on the same day!

Wang Junhui’s ability at work was quite impressive. Under his management, ICBC became the most stable major bank in Wancheng!

While Wang Junhui’s issue was resolved, the matter between Lin Mu and Han Si Hai wasn’t over. Lin Mu received news from Sophie that in order to ease financial pressure, Han Si Hai began selling shares of some listed companies. This was a great opportunity for Lin Mu!

To avoid losing control of the listed companies, Han Si Hai sold only 70% of one company’s shares, still retaining 30% himself, which is the minimum holding limit. Moreover, Han Si Hai stipulated that non-formal employees couldn’t hold more than 20% of shares, meaning control of his company was still in his hands.

However, even though he still had control, shareholders’ power was significantly reduced because total shareholding did not exceed 50%, meaning some decisions had to be discussed among shareholders!

But this strategy was like asking for death for Lin Mu. It was a golden opportunity to bring down Han Si Hai, and naturally, Lin Mu wouldn’t miss it. Since no one could hold more than 20% of the shares, Lin Mu directly bought 20% of the equity for each of his women.

By then, when the shares held by a few women were added up, his shares would surpass Han Si Hai’s. The board would naturally have the power to remove him, and by then Han Si Hai would be so desperate he might even want to die!

Han Si Hai primarily held two major listed companies: a real estate company with a registered capital of up to 50 million and a transportation company. In Wancheng’s transportation industry, it was a three-way battle—one company was Sophie’s, one was Chen Shiwei’s, and the other was Han Si Hai’s.

The most profitable major industry was still real estate, but real estate was a money-burning business, so Han Si Hai had to sell off the transportation company’s equity at a low price and then invest the funds into real estate. Otherwise, the real estate company was like a stagnant pond, hard to revive!

Selling off the transportation company was a great opportunity for Lin Mu, and without delay, Lin Mu united Zhou Xun and Qi Manlin, buying 20% of the equity for each of them. Lin Mu held 20%, Qi Manlin held 20%, and Zhou Xun held 20%. The remaining 10% was mostly in the hands of small investors, each holding one or two shares.

But with Lin Mu and the others holding 60% of the equity, that was enough. In a listed company, just more than 5% was needed to participate in the shareholders’ meeting, meaning Lin Mu, Zhou Xun, and Qi Manlin became majority shareholders of the transportation company!

Of course, Han Si Hai still held 30% of the equity, remaining the controller of the transportation company. But that didn’t matter to Lin Mu. Lin Mu could have Zhou Xun and Qi Manlin sell the shares to himself as shareholders. Now, neither Lin Mu, Zhou Xun, nor Qi Manlin were small investors, so they were allowed to hold more than 20% of the shares and could freely sell them!

Han Si Hai sold a total of 70% of the shares at a low price, but given the transportation company’s assets, he still got nearly 100 million in cash support! A hundred million isn’t much for the real estate company, but it eases the urgent financial needs. However, for the transportation company, it left Han Si Hai utterly devastated!

Because on the second day Lin Mu obtained 20% of the shares, Qi Manlin and Zhou Xun transferred 15% of their shares to Lin Mu, totaling 30%. Now, Lin Mu owned 50% of the shares, a half-and-half situation. This meant Lin Mu became the major shareholder, the ace, of the transportation company, while Han Si Hai had no choice but to obediently retreat to the secondary line!