The situation inside the conference room was quite volatile. Everyone was on the edge of their seats as they anticipated if there would be a drastic change in the managent of Feng Conglorate soon.
The shareholder's eting was supposed to start at two in the afternoon, but was delayed because Feng Tianyi hadn't arrived yet. Today was destined to be a busy day for all of them.
With the company's financial advisor informing them of Feng Conglorate's 1.2 billion dollar debt, Feng Tianhua would have a hard ti keeping his position within the company. At this rate, it was either he resigned from his post or stayed until they reached the point of bankruptcy.
It was a wonder why the older Feng brother hadn't made a move for so ti now, allowing Feng Tianhua to stay as the CEO of the company, watching him make mistakes one after another. Whether Feng Tianyi was focusing on Qing TIan Group and the company he started with the empress or he was just waiting for his little brother to fail, the stockholders weren't sure.
However, recently there was an unusual trend in the Feng Conglorate's shares. As the stock price crashed before the market closing, a huge purchase of the stocks had been acquired by a shell company.
Feng Tianhua didn't have any ans to protect the company but if his older brother took over the managent, they had no doubt the devil would be able to find ways to save Feng Conglorate from being acquired by others.
Too bad that they all had no idea that not only Feng Tianyi was the person behind the shell company but he was also being assisted by the empress to gain enough shares to pave his way to secure his future with Feng Conglorate.
While Feng Tianhua worked hard, trying to prepare ntally and financially for this sudden hostile takeover, Tang Moyu lazily lay on the bed, looking closely at the index on the screen of her laptop as she waited for the stock market to close.
Feng Tianhua had already used up all his funds to ensure that he would be able to oppose the hostile takeover without knowing who was his opponent this ti.
If Feng Tianhua couldn't protect the company and retaliate, keeping the Feng Conglorate intact, then he better step down and allow his brother to replace him. The more he hesitated to retaliate, the more Tang Moyu had an opportunity to collect more shares in her spare ti.
Standing next to Feng Tianhua, his assistant glanced around the shareholders who were patiently waiting for Feng Tianyi's arrival. They understood the two Feng brothers and knew that Feng Tianhua had reached his limit this ti.
When the devil finally arrived, he didn't waste ti and took the seat casually, waving a hand to gesture everyone to start the eting at once.
The eting started and Feng Tianhua laid his proposals to lessen the loss of the company from the projects that weren't able to push through, but most of the shareholders weren't pleased with it.
"I propose that Feng Tianhua resign from his post as the company's CEO." Soone decided to acknowledge the elephant in the room and threw the first attack towards Feng Tianhua. This was the first ti soone proposed his dismissal to the board.
"I'm afraid that no one has enough shares to replace right now," Feng Tianhua answered calmly, albeit he was aware that he couldn't keep up with this pressure any longer. Eventually, they would find a way to remove him from his post and install his older brother in his place.
"Shares aren't enough to keep us going, little brother." Feng Tianyi smiled before asking his assistant to pass him the folder he needed. "But since you already ntioned it, I propose to make Tang Moyu to be the next CEO of Feng Conglorate."
Tang Moyu as their next CEO?
The shareholders were left flabbergasted. This wasn't what they were expecting to hear from the devil. Although it was true that the empress owned a part of the shares of the company, ten percent wasn't enough to give her enough authority to replace Feng Tianhua.
"What? Are you surprised?" The devil chuckled and threw the folder he was holding on top of the long table. "Here's the proof that Tang Moyu is now the second largest shareholder of Feng Conglorate. If you are in doubt, please take a look and read it yourself."
One of the oldest shareholders took the folder and read it ticulously before nodding. Just like what Feng Tianyi said, the empress acquired enough shares to challenge Feng Tianhua's authority.
"So it was Tang Moyu who carried out the acquisition of the shares these past weeks." He nodded before returning the folder. Of course they were aware about the takeover attempts of that unknown shell company but no one thought that the master behind such a sche was the empress.
"As you know, my wife has just given birth and couldn't oversee the job right now. With her permission, I suggest that we abolish the current board and do a massive cleaning on our side," Feng Tianyi said before glancing towards his younger brother who was overwheld and shocked by the news.
"Tianhua, you are lucky that it was Moyu who'd taken interest to take over the Feng Conglorate. If it was another person and they succeeded, I would never forgive you for ruining the company my grandfather founded."
"When my grandfather started this company, it was his blood and sweat that made it grow steadily. When I went astray and father took over the company in my place, he allowed you to secure a position here. You have started working here along with Tang Moyu but what kind of contribution did you make since then? Could you give us an example?"
The shareholders fell silent as they all knew the answer to this question. Their apprehensive gazes were now on Feng Tianhua.
Wasn't Tang Moyu the one who worked hard to save the company while Feng Tianhua wasted his ti chasing skirts behind her back?
"On the contrary, since you beca the CEO of Feng Conglorate after kicking Tang Moyu out, the company's shares continued to plumt, and the Feng family na has been sared with scandals one after another? If you want to ruin your life then don't drag the company with you."
The other shareholders felt sha on behalf of Feng Tianhua.
Feng Tianhua wasn't willing to admit defeat, but how was he supposed to refute what his brother said? Even if he compiled a list of what he'd done for the company, it would still fall behind what Tang Moyu had done before.
So, in the end, the person that beat him wasn't Feng Tianyi but Tang Moyu instead. The person he betrayed and wronged years ago was the sa person, kicking his arse right now.
After finishing what he had to say, Feng Tianyi looked at his brother with disdain. He still hadn't forgotten how Feng Tianhua and Xing Yiyue hurt his wife in the past. He then turned his attention to the shareholders.
With an apologetic smile, he said, "I'm sorry about this ladies and gentlen. Sorry for making everyone witness a joke." He bowed apologetically to everyone.
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