Chapter 206 The Board Meeting (3)
Chapter 206 The Board Meeting (3)
Qu Fei walked over and pointed towards the screen, “If you look here, it writes, ‘Therefore, the 16 percent of shares will be under Mr. Bai Jiawei until Miss He Xinyan reaches the age of 23 years old, or until Mr. Bai Jiawei is ready to retire.’ The word ‘or’ in here is very important.”The screen moved onto the next slide and it showed the legal definition of the word “or”.
”The word ‘or’ is the term for the concept either-or, meaning that as long as one condition is met, the term will be effective. In this case, one out of the two terms is met. Miss He Xinyan turned 23 months ago, meaning that she has met one of the conditions.”
Qu Fei looked towards Bai Jiawei, “Although Mr. Bai Jiawei isn’t at the age of retirement, it doesn’t matter now since Miss He Xinyan has met the first requirement. Since Miss He Xinyan is asking for her company shares now, legally, Mr. Bai Jiawei has to transfer her shares back to her.”
Bai Jiawei fell back slightly and his face turned pale, “He Xinyan, what are you doing?! Are you purposely going against your dad?! What is the meaning of this?!”
He Xinyan grinned and looked down, “There is no meaning of this. Dad, I’m just asking for my shares. Since there are so many people here today, I wanted to be professional, so I invited Mr. Qu Fei over. There is no other meaning! Don’t worry, dad! You just have to sign these pages and Mr. Qu Fei will leave.”
He Xinyan reached down into her bag and pulled out a black folder. She opened it and took a pen out before pushing it over to Bai Jiawei.
Bai Jiawei immediately frowned when he saw the big words at the top of the page:
’Shares Transfer Agreement’
His hands shook as he grabbed onto the form and ripped out of the folder, ripping it into pieces.
Many of the shareholders furrowed their eyebrows together when they saw Bai Jiawei’s action. One of the older shareholders that was friends with He Xinyan’s grandfather stood up.
”Chairman Bai, what are you doing? I believe that you don’t want to break the law. CEO He has all the right to ask for her shares. After all, her mother left them for her, and you were only temporarily keeping it for her.”
He Xinyan bent down again with a smile, “Don’t worry. I have another copy.”
She pushed it over to Bai Jiawei, who glared at her.
”He Xinyan, do you really want to do this?! I am your father -“
”I know you are!” He Xinyan said innocently, “Dad, I’m not asking for much. I’m just asking for my shares. I thought that you would happily give it back to me because you are my father, but I guess not. . .”
Bai Jiawei was left with no words to say. After all, there was nothing wrong with him giving He Xinyan back her shares, but it was wrong in every way for him! How could he give it to He Xinyan?! It was his!
”Chairman Bai, as a lawyer, I advise you to sign it. If Miss He Xinyan were to decide to bring this to court, the negative effects on you and the company would be much bigger.”
He Xinyan smiled, “Of course I won’t bring this to court! Why is there a need for that? Dad just has to sign a paper to give me back my shares. Why would we have to bring it to court?”
Qu Fei understood the sarcasm in He Xinyan’s voice, and he quickly responded.
”I am only saying in the scenario that he doesn’t sign it.”
He Xinyan raised one eyebrow as her smile widened, “Of course you’ll sign it, right? After all, the shares are mine. And, you will still be the second-largest shareholder after me!”
He Xinyan clapped her hands together and urged Bai Jiawei to sign it.
”Chairman Bai, are you not going to sign it?” A shareholder asked.
Bai Jiawei glared at him and looked down at the paper. He pressed his lips together before squeezing a smile out and walking over to He Xinyan.
”Yanyan-ah, why do you want to do this during the board meeting? That is your mistake. We shouldn’t waste everyone’s time. We can figure this out alone.”
He Xinyan scratched her head confusedly, “How does this waste time? Dad, you just have to sign your name right there. I signed it already. It doesn’t waste time.”
Bai Jiawei’s lip twitched angrily. Was she pretending to not understand or did she actually not understand? Bai Jiawei cleared his throat and tried again.
”Why would I keep your shares from you? Of course I will give it to you. However, now isn’t the time. The company is pushing out its makeup line very soon, and it is a very important time right now. Transferring more than half my shares to you is a big risk.”
This time, Qu Fei spoke.
”Chairman Bai, you misunderstood. As the Gu Corporation’s lawyer group, I can promise you that there is no risk in transferring the shares now. You will still stay as the chairman, but you just won’t have the most shares anymore. With that, your say in making company decisions will also decrease, but I believe that Miss He Xinyan will definitely be able to make the best decisions for her company.”
He Xinyan was very pleased with Qu Fei’s word choice. He was indeed the lawyer of the Gu Corporation!
”Chairman Bai, after listening to CEO He and Lawyer Qu, I believe that you should transfer the shares back to CEO He. After all, CEO He’s mother did indeed leave the shares to her, so it is wrong of you to keep it from her.”
Bai Jiawei shot the director that spoke with an angry glare and looked over at He Xinyan again.
”Xinyan, now isn’t the time. I’ll tell you why in private. Let’s end the meeting first and then I can talk to you in private, okay?” Bai Jiawei tried to keep a calm and nice expression, but it looked like his face muscles were frozen.
He Xinyan smiled at him, “Sure, we can talk in private! But you can sign this first!”
Bai Jiawei’s smile immediately disappeared, “He Xinyan, I will not transfer the shares to you. . . now!”
He Xinyan blinked a few times and turned to look at Qu Fei, “Lawyer Qu, what is the punishment for not adhering to what is written on the will even though he signed it?”
Qu Fei smiled, “Miss He, that would be a fund of at least 10 thousand dollars and possibly being fired from the company. If he doesn’t adhere to this part of the will, then the part about Miss He Yuxin giving Mr. Bai Jiawei 16% of her shares and also giving the position of chairman over to him also wouldn’t be effective. Therefore, he would have no relation with the company anymore.”