Chapter 32: Reversal – The New Largest Shareholder of Ascendas Group is Chen Fan?!

Jiang Hao panicked. This was terrible!

"You… you…"

Jiang Hao looked at Meng Dong, Dong Ziyun, and the others angrily. These people were usually neutral in the company and did not participate in the fights between him and Feng Yanli. Otherwise, Jiang Hao and Feng Yanli wouldn't have reached such a stalemate.

But now, why had these three neutral individuals suddenly taken Feng Yanli's side?

Why?!

Jiang Hao felt a sense of despair.

He and Chen Fan had lost, completely.

With the support of these shareholders, his control over Ascendas Group would be greatly weakened, allowing Feng Yanli to dominate. He and Chen Fan were finished!

Compared to Jiang Hao's anger, Feng Yanli was overjoyed, smiling brightly.

This was his trump card, and this was why, even though he had been angry upon hearing about Chen Fan and Jiang Hao teaming up, he remained confident and assured!

With the support of Dong Ziyun and the others, he had no fear of Chen Fan and Jiang Hao.

As for how he won over the three neutral shareholders, it was simple: he had the help of the Kong Group.

Without the Kong Group's assistance, he wouldn't have been able to deal with these difficult neutral factions.

With the support of these shareholders, Feng Yanli was confident of his victory over Chen Fan and Jiang Hao.

"Chen Fan, get ready to be kicked out of the company," Feng Yanli said, looking at Chen Fan with excitement and pride that he couldn't conceal.

"Get kicked out of the company? Haha, with just you?" Chen Fan asked calmly.

Feng Yanli might have a trump card, but did Chen Fan not have one as well?

"You only hold 45.1% of the shares. That's still not 50%. Where's your confidence coming from?" Chen Fan countered.

"We don't have 50%, but do you think you do? Do you really think you have a chance?" Feng Yanli sneered.

"Sorry, we actually do."

As he spoke, Chen Fan casually tossed several contracts onto the table.

"Just yesterday, I personally acquired 11.2% of Ascendas Group's shares. Now, I hold 23.2% of the group's shares, making me the largest shareholder of Ascendas Group," Chen Fan said slowly.

Yesterday, Chen Fan completed his system task and received an 8% share.

That night, worried that something unexpected might happen today, he contacted his personal manager from the First Royal Bank of Petroleum and asked him to help find additional shareholders willing to sell about 3% of their shares.

Chen Fan also wanted to test if the bank's claim of meeting all its customers' needs was genuine.

The First Royal Bank of Petroleum did not disappoint. Within an hour or two, the bank's manager contacted Chen Fan, informing him that they had found two small shareholders willing to sell their combined 3.2% stake.

That night, Chen Fan met with the two shareholders and officially signed the share purchase agreement. From then on, Chen Fan easily became the largest shareholder of Ascendas Group.

Because of this, several of the group's shareholders didn't attend the meeting today. They had already sold their shares to Chen Fan, so why bother showing up?

Now, Chen Fan owned 23.2% of Ascendas Group's shares. Together with Jiang Hao's 22.5% and the 6.1% held by Jiang Hao's close allies, their combined total exceeded 50%.

When Chen Fan revealed this, the room erupted in an uproar.

"What?!"

"Mr. Chen acquired 11.2% of the shares?!"

"Oh my God, I never expected Mr. Chen would become the largest shareholder in the group!"

Everyone was buzzing with conversation. No one had expected this outcome.

Even Jiang Hao was stunned. He hadn't anticipated Chen Fan's move.

In just one day, Chen Fan had acquired 11.2% of the group's shares, surpassing Jiang Hao and becoming the largest shareholder.

Jiang Hao had spent time negotiating with Chen Fan, imposing various conditions and attempting to place his confidants in key positions within the company to control it. But now, all his efforts seemed in vain.

As for Feng Yanli, after hearing what Chen Fan said, he was completely stunned.

"No, no… this can't be true!" Feng Yanli shouted in disbelief.

Ascendas Group's shareholders were notoriously stubborn and reluctant to sell their shares. Otherwise, he would have bought them long ago and overtaken Jiang Hao.

"You must be lying! It can't be real…" Feng Yanli muttered, stepping forward and grabbing the share purchase contracts that Chen Fan had dropped on the table with trembling hands.

He read through each word carefully. The further he read, the more livid his face became. When he reached the final signatures and found no issues, his face turned ashen, as if he had just crawled out of a grave.

Feng Yanli found no flaws in Chen Fan's documents.

He stood there frozen, his expression blank.

Chen Fan stepped forward, positioning himself in the center of the conference room. He looked at everyone and spoke loudly:

"As the company's new largest shareholder, I propose that we remove Feng Yanli from the decision-making level. Does anyone agree?"

Jiang Hao hesitated for a moment, then stood up and said, "I agree!"

Although Chen Fan had surpassed him and become the largest shareholder, Jiang Hao preferred siding with Chen Fan over Feng Yanli.

They had reached an agreement yesterday. Even if things hadn't gone according to plan, Chen Fan would still have to show him respect.

If Feng Yanli were to win, however, Jiang Hao knew he would likely be sidelined and eventually kicked out of the company's decision-making process.

"I agree too."

"So do I. I support Mr. Chen's suggestion."

One by one, Jiang Hao's confidants also voiced their support.

At this point, Chen Fan had secured more than 50% of the group's shares.

The three larger shareholders who had earlier supported Feng Yanli exchanged glances. Finally, Dong Ziyun spoke first:

"I retract my earlier statement. I support Mr. Chen's proposal."

"Me too."

"I also support Mr. Chen."

Seeing Chen Fan's unstoppable momentum, they knew Feng Yanli was finished. The promises he had made were now void, so they decided to switch sides and curry favor with Chen Fan.

With their backing, Chen Fan's support rate rose above 70%, and Feng Yanli was utterly defeated.

"I now announce that more than 70% of the company's shareholders agree to remove Feng Yanli from the decision-making level. From now on, he is no longer permitted to participate in any company decisions," Chen Fan declared loudly.

"No…"

Feng Yanli screamed in frustration.

A second later, his vision went dark, and he collapsed in a fit of rage.

He was rushed to the hospital.

After the board meeting, countless company executives and shareholders crowded around Chen Fan, showering him with flattery.

"Mr. Chen, could you spare a moment? There's something I'd like to discuss with you," Jiang Hao said nervously, stepping forward and speaking in a low voice.