Chapter 521: Aloof CEO

Chen Yang went to meet Su Zhichao; besides giving Liu Jianghua an attitude, his more important goal was to tell the public that he genuinely intended to acquire Tianqi Pharmaceutical.

Whether it would succeed or how long it would take to complete the acquisition were not Chen Yang's concerns.

After returning home, Chen Yang posted information on the website of Laobaixing Financial Investment Company, announcing the impending acquisition of Tianqi Pharmaceutical and stating on the notice that he had already held relevant talks with Tianqi Pharmaceutical's Chairman Su Zhichao, with the latest results to come soon.

As soon as the news came out, the Tianqi Pharmaceutical stock forum exploded. Those who hadn't sold their shares celebrated, while those who had sold cursed in various ways.

Of course, the cursing far outweighed the cheering.

The next day after the market opened, ST Tianqi's stock hit the limit up, rising from two yuan to 2.1 yuan.

Because it was an ST stock, the price could rise at most five percent. Chen Yang specifically instructed Lan Qiyun and Qi Yunxiang that the number of shares they could sell each day could only exceed the previous day's amount by five million shares.

Stimulated by the acquisition news, ST Tianqi hit the limit up for five consecutive trading days, with the price climbing from two yuan to 2.55 yuan. Xinghui Financial Investment Company and Xingcheng Securities each sold seventy-five million shares.

Thus, although the total shareholding was halved, they recovered 359.4 million yuan in funds.

If they continued to sell the remaining shares at the current price, they would still have a profit of 140 million yuan.

Of course, Chen Yang did not let Lan Qiyun and Qi Yunxiang keep selling shares; instead, he seriously sent people to conduct due diligence inside Tianqi Pharmaceutical Co., Ltd.

Doing it this way, regardless of whether the acquisition ultimately succeeded, Liu Jianghua would not blame him.

After a week of due diligence, they found that more than ten senior executives were involved in selling the company's patents and drugs at low prices, and the second shareholder, who held three percent of the shares, was the ringleader.

The major shareholder laundered money, the second shareholder engaged in graft—such a listed company not being delisted is utterly intolerable!

Chen Yang took the due diligence report straight to Liu Jianghua to complain: "Governor, this Tianqi Pharmaceutical is a total mess. It's beyond saving!"

Liu Jianghua thought Chen Yang was about to back out again, and snapped: "You kid, you released the news to free yourself, now you want to find an excuse to run? I tell you, there's no way out!"

Chen Yang sighed, feigning gloom: "Governor, the major shareholder, second shareholder, and a bunch of executives have all been taken away. What I've taken over is just an empty shell; everything going forward will have to be done personally, and I'll be worked to death."

Liu Jianghua gave Chen Yang no chance to refuse, saying directly: "If you don't take it, I will hold you responsible for spreading false information to cash out."

Chen Yang laughed and cried, saying: "Governor, where did I spread false information? I genuinely wanted to acquire this company; I just didn't succeed."

Liu Jianghua said: "As long as you're willing to put up the money, I guarantee you can complete the acquisition."

Chen Yang immediately put on a reluctant appearance and accepted Liu Jianghua's order.

Three days later, under Liu Jianghua's arrangement, Chen Yang bought Su Zhichao's sixteen percent stake and the second shareholder's three percent stake in Tianqi Pharmaceutical for a total price of 300 million yuan.

Thus, he officially became the largest shareholder of Tianqi Pharmaceutical Co., Ltd.

After completing the equity transfer, Chen Yang deliberately announced this news on the website of Laobaixing Financial Investment Company.

Not long after, Wang Haifeng's call came through.

"Chen Yang, you little brat, you're really thick-headed! You can even take over such a lousy company as Tianqi Pharmaceutical. I wonder how long you can keep laughing!"

Chen Yang calmly replied: "Wang Haifeng, you'd better worry about yourself! Su Zhichao has already spilled the beans on you. Your hideouts in Xingcheng are probably all sealed up by the police now. Next, they might even come after you internationally."

Wang Haifeng, hearing this, gritted his teeth in anger. After a while he coldly snorted: "Chen Yang, you're so naive! How could domestic police possibly come to Beautiful Country to arrest people? They don't even have that authority."

Chen Yang, not knowing the exact procedure for transnational criminal apprehension, deliberately threatened him: "Wang Haifeng, if you don't run and keep waiting in place, I'll respect you as a true man!"

"Do you think I'm that stupid?" Wang Haifeng said, then quickly hung up, fearing that Interpol could trace his location through the phone line.

After scaring Wang Haifeng away, Chen Yang, in his capacity as chairman, convened the first senior executives meeting at Tianqi Pharmaceutical Co., Ltd.

The meeting had only one agenda: to familiarize themselves with the company's internal situation.

Because the company had too many departments and a lot to cover, the meeting lasted over four hours, leaving even Chen Yang feeling dazed.

After the meeting ended, Chen Yang retained Vice President He Wanqiu.

This woman is thirty-five years old, not only tall and full-figured, but also a medical doctor who returned from studying abroad in Beautiful Country.

According to outside rumors, her rise to vice president was mainly due to an ambiguous relationship with Chairman Su Zhichao.

For this reason, Chen Yang specially went to find Su Zhichao to confirm it. The other party flatly denied.

"Vice President He, are you interested in taking over the president's position and fully handling the company's daily affairs?"

He Wanqiu did not answer immediately, but stared at Chen Yang seriously and said coldly: "Chairman, everyone in the company says I'm Su's person; aren't you afraid I'm a mole?"

Chen Yang smiled at the icy beauty before him and said: "Su Zhichao will at least have to stay in prison for ten years and will never be able to make a comeback. Even if you're his person, you should turn from darkness to light."

Upon hearing this, He Wanqiu hesitated a bit and said: "I have no experience independently managing a listed company; aren't you worried that outsiders will question your personnel choices?"

Chen Yang shrugged and said calmly: "The company is already a mess; what's there to worry about? The key is whether you have the confidence to do this job well."

He Wanqiu found Chen Yang's behavior hard to read. Normally, when a listed company changes hands, the new owner would place his own confidants in key positions, yet Chen Yang wanted to give her, an old-timer from the previous regime, the most important president's position.

"Chairman, there are many people in the company more capable than me; why did you choose me?"

"This question is actually simple." Chen Yang smiled and explained to He Wanqiu: "In the due diligence report I received, you are the only senior executive who did not participate in any of the interest groups. Even the investigation into Su Zhichao's illegal money laundering turned up nothing on you."

"Furthermore, I had someone look into your finances, and there was nothing abnormal. This shows you can at least resist the lure of money."

He Wanqiu thought Chen Yang's reason for promoting her based on not being greedy was utterly absurd, but after thinking it over she still decided to accept the challenge.

After all, in this company she had always been seen as a mere ornament. Rarely having a chance to prove her worth, she didn't want to miss it.

"Chairman, thank you for giving me this opportunity!"