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Morgan Stanley Board of Directors Meeting (2)

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    ??

    Pucher asked his secretary to investigate, but unfortunately time was limited and no useful information was found.

    He could only suppress the uneasiness in his heart and announced the start of the board meeting.

    Because of the arrival of Yi Daoming, Puchel was very uneasy.

    He decided to go straight to the topic to avoid a long night with too many dreams.

    Faced with the accusation, Mike was not nervous at all, nor did he make any excuses.

    "I think it would be better to re-determine the composition of the board of directors before discussing this matter"

    Pucher¡¯s heart tightened unconsciously: ¡°What do you mean?¡±

    ¡°That¡¯s the literal meaning, because the shareholder structure of Morgan Stanley has changed, and the proportion of some shareholdings has also changed. Of course, the board members need to be determined before subsequent resolutions can be made"

    So calm.

    Pucher knew that his fears seemed to have become a reality.

    ¡°But he couldn¡¯t imagine that Mike had any way to adjust the structure of the board of directors without him knowing about it.

    Pucher glanced at Dong Li and Yi Daoming,

    Liu Yangfan just said that he came here to acquire Morgan Stanley shares. Could it be related to Yi Xiaohai?

    He suppressed the doubts in his heart,

    Because he knew that the truth would soon surface.

    Mike looked at Puchier¡¯s current appearance and felt very comfortable.

    He likes this feeling of having a winning chance.

    "This morning, I received a notice that the shares held by Hantang Investment have been increased from 2.5% to 7%. In other words, Hantang's seats on the board of directors can be increased to two, or two votes.  right¡­¡­"

    Pucher¡¯s expression has changed.

    Han and Tang acquired so many shares, but he didn¡¯t get any news at all.

    What¡¯s more important is that if Han and Tang had 4.5 more shares, then someone would lose 4.5.

    Who are those people selling shares?

    Seeing Mike's expression, he knew that the result might be something he didn't want to see.

    "At the same time as Hantang increased its holdings, Yi Fund made a request to acquire 2.5% of Morgan Stanley's shares. The letters of consent from the three shareholders agreeing to transfer the equity, as well as the information and legal documents for the equity transfer have been signed. The board of directors and  Once the resolution of the general meeting of shareholders is passed, the document will become effective"

    There was an uproar in Pucher's heart, and he was no longer calm.

    Morgan Stanley has 34 shareholders and 15 board seats.

    Now Han and Tang have increased their holdings to 7%, adding one seat.

    If the Yi Foundation passes the resolution of the general meeting, it will automatically become a member of the board of directors.

    Wang Xiaojian has a seat in his hand.

    17 board seats, almost a quarter of which are occupied by Chinese forces.

    Although the number of votes of Morgan Stanley board members will increase according to the proportion of shares held,

    But the centrists and Mike¡¯s side still account for a large portion of the votes.

    Calculating this, his control over the board of directors has become very weak.

    and,

    He still doesn¡¯t know from whom he bought Hantang¡¯s shares.

    If the number of people on the board of directors is reduced as a result, even the worst case scenario is that the person who is reduced is his person.

    ? Then, he may lose control of the board of directors.

    "I would like to ask from which shareholders Hantang and Yi Fund purchased their shares"

    Pucher could no longer sit still.

    He desperately wanted to know what kind of bad situation he was facing.

    "I would like to ask Lawyer Liu Yangfan to explain this issue to you."

    Mike sat down comfortably and handed the scene to Liu Yangfan.

    Liu Yangfan stood up:

    "The shares acquired by Hantang Investment and Yishi Fund came from 3 directors and 4 shareholders respectively. This is a copy of the document signed by them. You can circulate it"

    He passed on the documents he had prepared long ago.

    After Purcher got it, he couldn't wait to look at the signature area.

    "Nance, you actually sold your shares!"

    Pucher looked at an old man opposite him with a livid face.

    The old man named Nance looked a little unnatural:

    "I ran into some trouble, so I sold some"

    ¡°How many were sold!!¡±

    The document in Pucher¡¯s hand had that number, and he didn¡¯t dare to look at it at that time.

    He needs the other person to tell him personally.

    ¡°2%?¡­¡±

    "Two percent!"

    Pucher almost repeated it through gritted teeth.

    Nance only holds 3.5% of the shares. After selling 2%, only 1.5% is left.

    Morgan Stanley¡¯s board of directors is different from other companies.

    The only condition for entry is to hold 2.5% of Morgan Stanley shares.

    Now Nance only has 1.5% of the shares,

    In other words, he is no longer a member of the board of directors from now on.

    The board of directors still has 15 seats, which remains unchanged, but Pucher has one less vote.

    If Yi¡¯s Fund succeeds in its acquisition, Yi¡¯s Fund will have one more vote.

    The situation is worse than imagined.

    But by this time, Pucher had begun to calm down.

    The situation is not good for me now, but it is not completely out of control yet.

    Because it is impossible for the neutral faction, Mike and Yi Xiaohai to truly unite,

    If only Mike and Yi Xiaohai unite, he can still win over the neutral faction.

    After thinking about it, Pucher took the document and looked at it seriously.

    He needs to fully understand the situation he is facing and then think of countermeasures.

    The document shows,

    The shares held by Hantang come from 2 directors and 2 shareholders, and the other director supports Mike.

    The other party also withdrew from the board of directors because of selling its shares.

    In other words, both Mike and himself lost one vote.

    Those two shareholders are also Mike¡¯s people.

    It seems that Mike¡¯s loss is heavier than him.

    Pucher was somewhat relieved.

    As for the stocks of Yi Fund, they come from 1 director and 2 shareholders.

    The director is Mike himself,

    He transferred 1.5% of the shares alone, which had no impact on his vote count.

    ?Pucher went through the documents and discovered a problem.

    Mike and Hantang should have reached an agreement.

    Han and Tang promised not to pursue what happened last time and let Mike go.

    Mike facilitated Hantang to increase its voice on the board of directors, and also agreed to the acquisition of Yi Fund.

    so,

    The biggest problem that Pucher faces now is not losing control of the board of directors, but whether he wants to oppose Yi Fund's acquisition of Morgan Stanley shares and become a director of Morgan Stanley.

    Now on the board of directors,

    Puchal¡¯s votes were still 3 more than Mike¡¯s.

    He can oppose the acquisition, but he doesn¡¯t know whether it will succeed.

    Because the attitude of the neutral faction is not very clear.

    If they want to fish in troubled waters and agree to the acquisition,

    His opposition was not only ineffective, but also completely offended Yi Xiaohai.

    By then, Yi Xiaohai and Wang Xiaojian hold 4 votes and support Mike, and he will be in a passive situation.

    Pucher discovered that the Han and Tang Dynasties played a good game of chess.

    Because no matter what decision he made, the Han and Tang Dynasties were in an invincible position.

    As for whether to keep the Han and Tang Dynasties neutral, or to push Mike or the neutral faction, it depends on what Pucher chooses

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