Chapter 1085: Someone reported it to the Securities Regulatory Commission!

The golden crow sets in the west, and the jade rabbit rises in the east.

In the blink of an eye, it's a new day.

While the Paris Stock Exchange had already started work but had not yet officially opened for business, the people from Guangming Fund took the completed proof of equity integration and relevant contracts and other materials to the relevant department to apply for disclosure of equity information and suspension of the company's trading.

Because Xia Yu had long considered the trading regulations, there was nothing wrong with the logic of the time of signing the contract.

When they first acquired the equity of the Paris National Bank, Léo Martin had privately agreed with Le Mir that the time of the trading contract was not filled in for the time being, in order to catch the timing.

Although there is a suspicion of borderline behaviour, as long as everything on the paper shows that no line has been crossed, then no line has been crossed.

Unless Le Mir would like to expose this matter at his own initiative at the cost of going to prison and paying a huge fine.

But is that possible?

Although the people at the stock exchange were shocked by the shareholding ratio of Bright Fund, after initially checking that the transaction process was correct, they confirmed that Bright Fund was the absolute controlling shareholder of Moët Hennessy Wine Group and agreed to the suspension application submitted by Bright Fund.

And that was it.

Before the stock market opened, a piece of disclosed information sent the crowd at the stock exchange and the financial institutions into a collective shock.

Moët Hennessy had suddenly changed hands, and the stock had been suspended from trading!!!

And as soon as Bright Fund came to light, it was revealed to be the absolute controlling shareholder, with a shareholding of 70%!

An authoritative figure immediately came forward to comment, saying that the funds involved behind the scenes would definitely be no less than 5 billion francs!

A giant had been dropped into the calm lake, sending ripples out in all directions.

Not only the investors who hold shares, but also companies in the same industry have been affected.

If the financial giant Bright Food suddenly enters the wine market and gives full play to its capital and capabilities, how much of an impact will it have on other companies in the same field?

At a time when the financial markets were in turmoil, Léo Martin personally led a team to Moët Hennessy.

Although Bright Food was only the largest shareholder, it was not a member of the board of directors or the chairman of the board, but as long as the chairman and CEO, Alain Chevalier, was willing to cooperate, it was just a temporary transition.

Facing the 70% stake held by Bright Food, everyone knew that the board of directors would be replaced and that Bright Food would take over, so no employee or executive was willing to stand out and question it.

Of course, the fact that no one questioned it didn't mean that the Hennessy family, who had huge ambitions for Moët Hennessy, would back down.

In the meeting room of Moët Hennessy.

After hearing the proposal, Gilles Hennessy, who had been notified by Alain Chevalier to come to the meeting, looked as black as the bottom of a pot, and his eyes seemed to burn. He loudly objected, 'I disagree!'

'Since those directors have withdrawn, their seats are vacant. If you want to enter the board of directors, you have to be re-elected at the shareholders' meeting, not directly replace them!'

Although the incident was sudden, Gil Hennessy still retained some reason. He knew that he could not let the Bright Foundation take over all at once, and he had to delay as long as possible to think of other ways!

As the vice-chairman, if he did not agree, even if Alain Chevalier, the chairman, agreed, there would still be a loophole in the process.

The team had analysed this possibility before coming, so when they saw that Gil Hennessy did not agree, Leo Martin only felt a hint of regret.

He remained calm and continued, 'Our company holds 70% of the shares, you hold 17.5%, and the rest are all minority shareholders. Our two shares are enough to convene a shareholders' meeting.'

'I propose that an extraordinary general meeting be held this afternoon!'

As soon as Léo Martin had finished speaking, one of his subordinates behind him immediately took out a notice and placed it on the desktop in front of Gilles Hennessy.

But Gilles Hennessy didn't even look at it, and with a stern face he said, 'You can call an extraordinary general meeting, but everything must be done according to the company's articles of association.'

'How can you be sure that there are no shareholders with more than 5% of the shares?'

This is deliberate sabotage!

Even a clay figure has some anger, let alone Léo Martin.

His eyes narrowed slightly, and he stared directly at Gil Hennessy, speaking in a deep voice, 'Mr Gil Hennessy, you need to know that our shareholding has already exceeded two-thirds, and so has our voting power. Your shareholding and voting rights pose no threat to us, and there is no need for us to act like this.'

'Arguing will not solve anything!'

'We can buy the shares held by your family!'

'Name your price!'

Alain Chevalier then joined in the persuasion: 'Mr. Gil Hennessy, the Bright Fund has come with sincerity. I personally suggest that you sell the Hennessy family's holdings. With this capital, you will have complete control of the company, and you will be able to develop the company according to your own ideas.'

Gil Hennessy gave Alain Chevalier a cold stare and did not reply.

Instead, he looked expressionlessly at Léo Martin and said firmly, 'We will never sell our family's shares!'

Then, he questioned, 'Mr Léo Martin, Moët Hennessy is a listed company, and according to the regulations of the financial trading market, a shareholding of more than 5% requires disclosure. I don't know how you managed to acquire more than 70% of the shares in such a short period of time.'

'I seriously question the legality of this!'

'Even if you now hold 70% of the shares, whether you can hold on to them forever depends on whether the law and the Securities and Exchange Commission recognise it!'

After saying this, Gil Hennessy snorted, got up and left straight away.

The subordinates behind Léo Martin looked angry and wanted to explode, but seeing Léo Martin sitting expressionless, they could only hold back their anger.

After Gil Hennessy's figure disappeared at the door,

Alain Chevalier said to Léo Martin with some concern: 'Mr Léo Martin, judging by the situation, Gil Hennessey is preparing to report to the Securities and Exchange Commission about the legality of our transactions.'

'If the Securities and Exchange Commission becomes involved and temporarily suspends the change of ownership of our company, then we will not be able to hold the extraordinary general meeting of shareholders on time, nor will we be able to reshape the board of directors.'

Leo Martin snorted, 'Mr. Alain Chevalier, don't worry, the boss is very cautious, and previous actions have taken this into account, just in case something unexpected happens.'

'If Gil Hennessy wants to report it, let him report it. He is underestimating the power of our Bright Fund!'

'Please arrange for the extraordinary general meeting and the extraordinary board of directors to be scheduled as soon as possible according to the company's articles of association, and notify all remaining shareholders.'

'Since Gil Hennessy is so inconsiderate, we will act according to the second method...'

After Leo Martin finished speaking, Alain Chevalier gave a cold smile at the corner of his mouth and nodded, saying, 'I understand, I will take care of these matters.'

Afterwards, Leo Martin led the others to leave, while Alain Chevalier went out to reassure the employees and act according to Leo Martin's suggestions.

...

As soon as Gil Hennessy left, he reported to the Securities and Exchange Commission in his capacity as the majority shareholder of Moët Hennessy Wine, questioning the legality of the Bright Fund's acquisition procedures and demanding that the Securities and Exchange Commission conduct a comprehensive review of the relevant acquisition process to ensure the legitimate rights and interests of the company's shareholders.

Because Gil Hennessy brought a reporter with him to report the incident, the Securities and Exchange Commission immediately accepted the report and demanded that the Paris Stock Exchange suspend all procedures for Moët Hennessy Wine.

Any stirrings in the financial sector can be noticed by those who care at the first opportunity.

What's more, Gil Hennessy made a big fuss, disguised himself as a victim, and reported the matter with the deliberate intention of causing trouble.

After this news broke, investors and investment institutions that had expected Bright Foundation to issue a general offer to buy were once again excited.

Could it be that Bright Foundation was going to fail?

Would this acquisition, which involved more than 5 billion francs and was the biggest acquisition in the French business world this year, be successful in the end?