After getting Tu Weiye's trick, Li Rui immediately called Yu Na.

The country needs funds, people, and relationships, and actions quickly after receiving Li Rui's instructions.

In just three days, a new company called Xunrui was established. The Cayman Islands offshore company Xingrui Capital invested 200 million magnesium, and raised 200 million magnesium from Xingrui Mobile and Xingrui Software of Huaguo through private placement and loans. It also obtained a 300 million magnesium credit from Guangdong Issuance and China Merchants Bank, and made a new acquisition offer to Ruidiko.

The incident of Huaguo Capital, which originally needed to obtain the NDRC small road strip, has since evolved into a Cayman Islands company launching an acquisition of another Cayman Islands company listed on Nasdaq, and has no relationship with the NDRC!

Of course, this kind of thing is just a procedural problem. In fact, you will know what's going on after a little investigation.

Whether the Development and Reform Association turns a blind eye and pretends not to know, or interferes, depends on the public relations operation behind it.

On October 6, on the penultimate day of the National Day holiday of Xiaguo, Ruidike sent a official letter to Pudong Ketou, saying that it had received a quote from Xunrui Company, asking Pudong Ketou whether there was a new bid, and gave a 24-hour quotation period. As a result, the person in charge of Pudong Ketou was on holiday and did not see the official letter in the email.

On October 8, as soon as the people from Pudong Ketou got to work, they received news that shocked them.

Ruidike has just issued an announcement that it has signed a merger and acquisition agreement with Xunrui Company. Xunrui Company will acquire Ruidike for a price of 1.25 magnesium per share, totaling 640 million magnesium. This price is 115 million magnesium higher than the price given by Pudong Ketou.

"What's going on?" Seeing this announcement, Pudong Ketou was in an uproar.

Although there was no progress in the negotiations between Pudong Ketou and Ruidiko before the National Day holiday and it was once deadlocked, Pudong Ketou, who held a small road strip, thought he had the greatest support and did not take Ruidiko's dissatisfaction seriously.

In their opinion, who else can Ruidiko be sold to if he doesn't sell it to himself?

More importantly, Ruidike's management tends to accept the acquisition of Pudong Ketou, which means that this acquisition case combines three elements: Tianshi (Xiaolujie), Dili (both in Haizhou) and Renhe (management), and it is only a matter of time to reach an agreement.

Unfortunately, they ignored the most important thing in the acquisition case, and the thing that shareholders value the most, that is price.

Capitalists are profit-seeking. They don’t care what path you are holding or where the company is, and they don’t have to care about the opinions of management. They just need to figure out a simple mathematical problem: which is more, 640 million magnesium or 515 million magnesium, then choose which one!

When Director Meng Qingde of Pudong Ke Investment heard the news, he immediately called Dai Jiabao, the chairman of Ruidike: "Old Dai, what's going on? What's the matter?"

Dai Jiabao yawned and said, "Director Meng, what are you saying? What the hell are you doing?"

"You don't know about such a big thing?" Meng Qingde said in surprise.

"What happened? I have been on a business trip in Magnesium Country these days and have just fallen asleep." Dai Jiabao said.

Meng Qingde told the story of Ruidike's announcement, and Dai Jiabao was also confused: "I don't know about this at all, please wait for me to ask!"

As the founder and chairman of Ruidiko, he didn't know that his company had been acquired. This was a big deal. Dai Jiabao immediately called several board members, but was rejected.

Dai Jiabao felt an ominous premonition in his heart, and he quickly called several confidants in the management team. As a result, these senior executives were confused. It was obvious that they had just learned the news.

Just when Dai Jiabao felt inexplicably, his cell phone rang, and the call was Kenny Johnson, the representative of major shareholder Huaping Capital on the board of directors.

"Kenny, what happened to Xunrui's acquisition? Why did I never know such a company!" Dai Jiabao said angrily, "Please explain it to me!"

Kenny said lightly: "Dai, this matter was voted by the board of directors. I don't think I need to give you any explanation."

Dai Jiabao said angrily: "I am a member of the board of directors, why didn't I know that there was a board of directors voting!"

Kenny said: "All other board members except you participated in the vote and voted in favor, so we believe that whether you participate in the board of directors vote will not affect the final result. The board of directors also passed a resolution, with Deng Linshun as the new chairman, Wei Ran as the new CEO, and Zhang Junliang as the president. You will continue to serve as a non-executive director of Ruidiko until the next shareholders' meeting, and the resolution will take effect on the day. I called to notify you about this matter, and thank you for your contribution to Ruidiko over the past years."

Dai Jiabao was stunned.

Deng Linshun, Wei Ran and Zhang Junliang, either the old comrade-in-arms who founded Ruidike with Dai Jiabao, or the executives he promoted, replaced his position on the board of directors and the company without any warning. What this means is self-evident.

The board of directors completely bypassed him as the chairman and CEO and deprived him of all his power in order to pass the acquisition agreement!

"You have violated the procedure for doing this!" Dai Jiabao said angrily, "I will not agree to you doing this."

Kenny sighed and said, "Dai, even if you object, what's the point? No matter how many board meetings are held, things are already a foregone conclusion. If Pudong Ketou is willing to give a Xunrui offer, we will definitely respect your opinion and choose Pudong Ketou, but Pudong Ketou has never been willing to raise the offer and has not provided any funding proof, which makes us very embarrassed. You must understand that everything we do is to fight for the best interests of shareholders."

Dai Jiabao was unable to refute.

Although he prefers to sell Ruidike to Pudong Ketou in terms of emotional and profit, Pudong Ketou is indeed a bit too bullying. He relies on the small path to suppress the price, but he still refuses to provide funding to prove it, which makes Ruidike's board of directors very dissatisfied.

Now that someone gives higher prices, it is normal for Ruidike to choose to abandon Pudong Ketou.

Dai Jiabao was still a little angry after losing the company he built. He suppressed his anger and asked, "What is the origin of this Xunrui?"

"In fact, it is Xingrui Capital of Huaguo. This is a newly established magnesium company in order to avoid the supervision of the Development and Reform Association." Kenny did not hide it, because this matter was not a secret, and those who are interested will know it after a little inquiry.

When Dai Jiabao passed the news back to China, Meng Qingde was blown up at that time.
Chapter completed!