roccoschili Chapter 532 The Tumultuous Shareholders' Meeting
Chapter 532 The Tumultuous Shareholders' Meeting
Before the morning mist had dissipated, the Lin Group headquarters building was already bustling with activity. The extraordinary shareholders' meeting, which began promptly at nine o'clock, was another decisive battleground in the covert struggle between the Lin family and the Gu family. Lin Chuyue, Gu Yanchuan, and Shen Yan had already occupied the stage, and the division of factions below the stage was already very clear—on one side were Lin Yun, her father Lin Zhengguo, a few old shareholders, and other directors from the Gu family; on the other side were the new forces supporting Lin Chuyue's reforms and Gu Yanchuan's camp.
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I. Lin Yun's Removal Case
Standing beside the chairman's chair, Lin Yun surveyed the entire room, her voice clear yet carrying an undeniable authority:
"Ladies and gentlemen, I propose a motion of no confidence against Ms. Lin Chuyue. Over the past few months, she has repeatedly invoked the trust by using the 'scepter clause' to override corporate decisions with personal feelings; her high-pressure purges have damaged many stable partnerships within the Lin family. I request the General Meeting to vote to temporarily strip Ms. Lin Chuyue of her presidential powers and have the interim executive committee assume her responsibilities."
As soon as she finished speaking, Lin Yun raised her hand, and a murmur rippled through the room. The shareholders were divided: the younger shareholders who supported the reform frowned slightly, while the opponents nodded solemnly. Immediately afterward, Lin Zhengguo also stood up, passionately endorsing Lin Yun.
Lin Zhengguo's voice was hoarse: "Yun'er is right. Chuyue, you are my daughter, but if this continues, it will only drag the family into an abyss."
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II. Gu Yanchuan and Shen Yan's Joint Counterattack
Lin Chuyue calmly stood up, raised the microphone, and interrupted all the discussion:
“Since a vote is required, let me explain first—the reason the scepter clause was invoked is because someone secretly misappropriated the core funds of the trust; Shen Longyan, Gu Yanchuan, and I have submitted my mother’s will, notarized recordings, the trust contract from that year, and the newly disclosed Gu family kickback agreement to the regulatory authorities and simultaneously initiated judicial freezing procedures.”
She pointed to the projection screen and presented the chain of evidence one by one: her mother's manuscript, the notary office recordings, Gu Yonghui's kickback agreement, and so on.
"The money has never been used for the group's private banquets, and the trust is not a fig leaf for anyone. If the general meeting still wants to remove me, please explain first—who is manipulating things behind the scenes, and who has misappropriated the funds!"
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III. Sudden Strategic Investment
The meeting fell into a stalemate when suddenly a commotion arose outside. Tang Nian rushed in and whispered to Lin Chuyue:
"President Lin, the co-CEO of the international medical group 'Shuguang Biotech' has appeared, offering to invest $500 million and requesting direct contact with Lin Chuyue to ensure the project is not affected by Lin Yun's power."
As soon as he finished speaking, Gu Yanchuan stepped forward, confirmed the details, and announced to everyone:
"This is the strongest endorsement of the Lin family's reforms. The Shuguang Bio team has already signed a preliminary letter of intent with me. As long as Lin Chuyue continues to serve as president, funding and technical support can be secured."
The room erupted in cheers and thunderous applause. The shareholders suddenly realized that abandoning Lin Chuyue would not only mean losing their substantial investment, but also internationally leading technological support.
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IV. The Father's Dilemma
Lin Zhengguo looked at Lin Yun in astonishment, his voice hoarse:
"Yun'er—this is a golden opportunity! How can we let family matters ruin a five-hundred-million-dollar partnership?"
Lin Yun gritted her teeth and insisted: "That's kidnapping! If we give up the investigation, I won't lose any benefits, but going against my mother's last wishes is the biggest crime!"
The two confronted each other, and Lin Zhengguo broke down, his voice choked with sobs: "You...you're going to destroy the entire family!"
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V. Final vote
The shareholders' meeting has entered the voting phase. The chairman of the meeting announced:
"Please raise your hands in order to pass the motion to remove Lin Chuyue from her position as president."
When the ten existing shareholders, the five major shareholders from the Gu family, and the three representatives of the cooperating institutions raised their hands one after another, the meeting room erupted in cheers—Lin Yun revealed a smug expression as the removal motion was about to pass.
At this moment, however, representatives of the young shareholders and the investment representatives of Shuguang Biotech stood up and loudly protested: "We firmly support Ms. Lin Chuyue to continue leading the company! We will reject any attempt to influence decision-making through family feuds!"
Applause erupted. The host repeatedly counted the number of hands raised, but there weren't enough. The recall vote was ultimately defeated by a narrow margin.
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VI. Cracks after the conflict
The hall erupted in uproar. Lin Yun's eyes widened, unable to contain her anger, and she pointed at Lin Chuyue in front of everyone:
"You're using capital to manipulate everyone's will! This is shameful speculation!"
Lin Chuyue met her gaze without backing down: "I'm not using capital, but a real future and technology. You're using your family's bloodline and your mother's inheritance!"
Gu Yanchuan pulled the two apart: "That's enough! Don't ruin your home!"
Lin Zhengguo's legs went weak, and he slumped into a chair, covering his face as tears streamed down his face.
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VII. The Lingering Warmth of Dawn
The shareholders' meeting ended in chaos and shock. The board of directors made an emergency decision:
1. Lin Chuyue will continue to serve as president and fully promote the "Shuguang Biotech" cooperation project;
2. Lin Yun and Lin Zhengguo's temporary decision-making power has been withdrawn, and trust and fund operations must be subject to tripartite notarization;
3. Gu Yanchuan was officially appointed as the group's vice president, responsible for coordinating the cooperation between the Gu and Lin families;
4. Shen Yiyan was approved to continue serving as a member of the family supervisory committee to oversee the trust and family foundation.
As the meeting doors slowly closed, Lin Chuyue, Gu Yanchuan, and Shen Yan walked out of the meeting hall side by side, with the secondary meeting room still embroiled in heated debate and a throng of media behind them.
At the end of the corridor, Lin Yun stood alone by the glass window, gazing at the first rays of dawn in the east, a cold smile playing on her lips: "Breaking the deadlock? It's just a temporary victory. Once I've regrouped, Lin Chuyue, you'll see the real storm."
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End of this chapter