Wen Xinya couldn't help but sneer. Ning Shuqian relied on her 3% stake and the fact that she had joined the board of directors and became a director of Wen's Group, and wanted to control her in front of everyone. She didn't know whether to say she was smart or stupid.
As the eldest daughter and heir of the Wen family, and now with the support of shareholders and the ability to enter and leave the board of directors freely, who does Ning Shuqian think she is
Not to mention that the interests of the Wen Group had suffered losses because of her, the directors already disliked her. Just based on the fact that she entered the board of directors with the help of Wen Haowen with 3% of the shares, the directors would not really have any thoughts about her because of her instigation.
After all, she knew these directors too well. They had climbed up step by step from the grassroots level, relied on their hard work, and became the backbone of the company step by step, and finally sat on the position of director. The people they looked down upon the most were people like Ning Shuqian, who had no ability and no family background, but could sit on an equal footing with them.
Therefore, she didn't need to explain in detail. Just a few words would make Ning Shuqian suffer the consequences of her own actions.
It’s ridiculous that Ning Shuqian hasn’t seen through it yet.
At this time, Wen Haowen also received Ning Shuqian's pleading gaze. That gentle look, with a hint of charm deep into his bones, was filled with watery light, and was so alluring that it seemed to be able to speak. His throat slid quietly a few times, a ball of evil fire burned in his heart, and his body quietly had some kind of reaction.
He cleared his throat and said, "Okay, let's continue the meeting."
Ning Shuqian couldn't help but breathe a sigh of relief. She blinked at Wen Haowen with a charming look, and finally moved her eyes to Wen Wenya, with some inexplicable emotion.
She had wanted to take advantage of the momentum of joining the board of directors to put a heavy hand on that bitch Wen Xinya, to kill her arrogance and let her know how powerful she was, but she didn't expect... her plan would fail.
Wen Haowen continued, "We haven't had any new members on the board of directors for a long time. From now on, Ms. Ning will work with us. I hope that everyone can help each other and work diligently for the benefit of the Wen's Group to create greater glory for the Wen's Group."
Wen Haowen spoke passionately, but his eyes were fixed on Wen Wenya.
"Pa pa pa pa..." The sounds of applause came out sparsely and unevenly.
Wen Xinya also clapped a few times along with the other directors, then picked up the pen in front of her and turned it over and over, completely ignoring Ning Lushuqian's smug look.
The applause gradually died down.
Wen Haowen continued, "The subsidiary company of the entertainment city project has been put on the right track. The management staff and grassroots staff are all in place. The subsidiary company submitted an application for the start-up funds for the entertainment city project to the group headquarters. It has been several days. I wonder what the directors have to say?"
Previously, Wen Haowen wanted to ask for startup capital, but was suppressed by a director who said to act in accordance with the charter. Now the situation is different. Wen Haowen has more bargaining chips in his hand, so the directors naturally have other considerations.
"The start-up capital of the entertainment city project is 500 million, which is equivalent to nearly half of the working capital of Wen's Group. If this money is allocated to the entertainment city project subsidiary, the working capital within Wen's Group will face a crisis of tightness, which will shake the existing operations of Wen's Group. So I don't agree."
"I don't agree either. I previously proposed to set up a subsidiary for the entertainment city project because I was worried that the entertainment city project would affect the group's existing operations. Now the entertainment city project requires 500 million in start-up capital for the first phase, which is too much."
"This amount of money is too huge, and we don't know what the attitude of the shareholders' meeting will be. We must not only safeguard the interests of Wen's Group, but also the interests of all shareholders in the shareholders' meeting."
Everyone expressed their opinions, with the majority disagreeing. The few voices of agreement were drowned out by the voices of disagreement.
Wen Haowen suddenly said, "All the directors present here, the reason why you disagree with approving this amount of funds is that the amount is too large, right?"
During this period of time, Wen Hao has more or less figured out that the board of directors is made up of stubborn old men who cling to the interests of the Wen's Group and are afraid that anything and anyone will shake the existing operations of the Wen's Group, so they are unwilling to approve the funds. On the other hand, the shareholders in the shareholders' meeting are too arrogant and will do anything as long as there is money to be made. The entertainment city project has not even started yet, but it costs so much money, which makes them hesitate.
Therefore, his idea of making more money by taking advantage of the launch of the entertainment city project was not feasible.
"Yes, the entertainment city project is an expansion investment business project. We should invest various funds within the company's capabilities and should not shake the foundation of the Wen Group."
Everyone agreed.
At this time, Ning Shuqian laughed and said, "I have a document here. Please take a look at it carefully, directors."
The secretary stepped forward and distributed the information to the directors.
Ning Shuqian continued, "The company just got on track a few days ago. Because we recruited new employees, everyone didn't know much about the strength of Wen's Group. The start-up capital budget we made was only based on the entertainment city project, and not on the strength of Wen's Group and the existing liquidity. So it was a bit untrue. The information we just sent to the directors is the new capital budget made by the subsidiary. I think this capital budget should meet the requirements of the directors."
If Wen Xinya had not proposed to set up a subsidiary for the entertainment city project, there wouldn't be so many troubles now. She wanted to make some changes to the funding, but these people were too shrewd.
Wen Xinya flipped through the information sent by Ning Shuqian. On it was a very detailed financial budget, which was more beautiful and impeccable than the previous one. The start-up capital budget was 300 million, which was a full 200 million less than the previous one.
This amount of money is neither too big nor too small compared to the existing working capital of Wen's Group. The directors will find it easier to accept it, and the shareholders will naturally accept it. However, Wen Xinya knows that this amount of money cannot be allocated. The entertainment city is not a small project, and it cannot be planned and completed in a few days. Once it is allocated, there will be two, and once there is two, there will be three. Sooner or later, Wen's Group will be trapped.
Wen Xinya winked at Secretary Cao.
Secretary Cao knew what she was thinking and spoke first, "This budget is impeccable and the amount of funds is quite reasonable, but this is just the start-up capital. Wen's Group hasn't had such a large investment project for many years. I need to think about it before making a decision."
Secretary Cao was extremely shocked by what happened at today's board meeting and is still having trouble reacting.