Two flowers blooming together, each representing a branch...
'Boss, I'm sorry, I didn't get the job done!'
'In the conference room of Moët Hennessy Wine & Spirits, Gil Hennessy was very determined and threatened us back. He is likely to report us to the Securities and Futures Commission...'
After returning to the company, Léo Martin immediately reported the situation to Xia Yu and recounted in detail what had happened.
Since Gil Hennessy had left just before Léo Martin returned to the company, Gil Hennessy had not yet completed the report.
However, based on the attitude of Gil Hennessy in the meeting room, Leo Martin seriously doubted that Gil Hennessy would do so.
So he came early to report the situation to Xia Yu in order to take precautions.
After listening to the report, Xia Yu's mouth curled up into an inexplicable smile, and he muttered in a somewhat mocking tone, 'Threaten? Report?'
'Haha...'
Leo Martin remained silent, waiting for Xia Yu's instructions.
After laughing, Xia Yu said to Leo Martin, 'Since Jill Hennessy has chosen to rebel, there is no need to find him to buy it.'
'Those who choose to rebel must pay the price!'
'If the CSRC accepts the report, can you deal with it as soon as possible?'
Leo Martin thought about it and nodded heavily, saying, "I can handle it!'
'Okay, then I'll leave it to you to handle. If you can't handle it, you must let me know as soon as possible!" Xia Yu added, exhorting him.
'Okay!'
...
Less than half an hour after Leo Martin left,
the news that Jill Hennessy had reported to the CSRC finally broke, and the news spread like wildfire. After getting the news, Leo Martin reported to Xia Yu as soon as possible.
Xia Yu didn't say much, just told Leo Martin to deal with it as soon as possible, and sent him away.
But in fact, the struggle of Gil Hennessy still made Xia Yu feel uncomfortable.
This operation was named 'lightning war' by him, and speed was an important indicator.
Although he was confident that he could crush Gil Hennessy, the latter's actions had caused him some trouble, which would delay the progress of his plan for a certain period of time.
So, Hennessy must pay a sufficient price!
Now, since Moët Hennessy is a listed company, he is subject to some constraints. After the company is delisted, he will definitely take care of the Hennessy family!
...
The progress of the Securities Regulatory Commission's audit of Moët Hennessy directly affects whether the extraordinary shareholders' meeting and the extraordinary board meeting that follows can be held as soon as possible.
For this reason, Léo Martin used his connections to push for the investigation to be concluded as soon as possible, and he also cooperated with the investigation team.
After all, he had supported François Mitterrand's election alongside Georges Berque, and as the representative of the major shareholder, Léo Martin knew many senior government officials.
Furthermore, in the capital market, although the Hennessy family still had a certain degree of influence due to the company's previous listing, it was destined to be inferior to the Bright Fund, a professional household.
In terms of public opinion, although Gil Hennessy hired the media in the hope of making a big deal out of it and winning the sympathy of society, thereby exerting pressure on the authorities,
he underestimated the control that the Bright Fund had over the media.
Therefore, when the evening papers were released that night, public opinion did not side with him, and the focus of the commentary was instead on 'would a large professional financial institution like the Bright Fund make such a low-level mistake?'
The situation became even more obvious the next morning.
France's best-selling newspaper Le Figaro also reported on the incident and provided a detailed analysis from an impartial and objective perspective.
The lengthy analysis included several measures that could have resulted in a 70% stake in a very short period of time. Although it would be very difficult to implement, it also proved that it was very likely that Bright Fund's 70% stake in Moët Hennessy was in compliance with regulations.
The position and motives of Gil Hennessy's whistleblowing were then analysed, as was a series of past shareholding increases by Gil Hennessy, which indicated an interest in taking control of the company. There was no clear evidence of this whistleblowing, and it was likely that Gil Hennessy had simply reported it as a shareholder, unwilling to accept defeat and wondering what punishment he might face.
After reading the report in Le Figaro, many readers had a dark impression of Gil Hennessy, and were looking forward to the results of the investigation by the French securities regulator into the matter.
They wanted to know whether the entire acquisition process of Bright Fund was legal, and if so, how they had managed to get to this point!
The attention of the public forced the Paris securities regulator to speed up the investigation.
In particular, the head of the CSRC is a member of the French Socialist Party, and after receiving notification from an internal special channel, he knew exactly what to do.
Bright Fund is a reliable ally!
With this greeting, even if Bright Fund had some violations, the CSRC was likely to help it cover them up.
Not to mention that Xia Yu acted with prudence, and there was not a single violation on paper throughout the entire acquisition process.
The CSRC was unprecedentedly efficient!
So efficient that it surprised the outside world!
It only took 29 hours from receiving the report to finding out the situation!
After the stock market closed in the afternoon, but before the CSRC finished work, the CSRC announced the entire investigation results and conclusions to the public, and also sent the results back to the whistleblower Jill Hennessy and the whistleblower Guangming Fund.
When Jill Hennessy saw the conclusion that 'your report is not true, and Guangming Fund's acquisition process is legal and compliant,' she was full of disbelief.
Then, when she saw the administrative punishment imposed by the CSRC for his false reporting, she almost vomited blood.
After calming down, regret rose in Gil Hennessy's heart.
But no one was destined to sympathise with him, the 'joker who can't lose'!
When many newspapers under the French Mirror Group reported on this result the next morning, Gil Hennessy became a clown in the eyes of the readers, while Bright Food's reputation resounded throughout France. The positive impact will continue to be shown...
Time passed quickly, and soon it was the day of the extraordinary general meeting of shareholders of Moët Hennessy.
When the extraordinary general meeting of shareholders was held, Gil Hennessy was too ashamed to come, so he sent another family member in his place, mainly to find out the details.
As for resistance?
It didn't exist!
And there was no way to resist!
The 70% stake held by the Bright Foundation and its higher voting rights were enough to control everything!
The extraordinary general meeting of shareholders became a one-man show of the Bright Foundation, and the company's board of directors was re-elected, with the majority of seats going to the Bright Foundation.
An extraordinary board meeting was held immediately afterwards, and naturally, it was also controlled by the Bright Fund.
The meeting elected Alain Chevalier as the company's chairman and appointed him as CEO.
There was only one vice-chairman, played by Léo Martin, and the vice-chairman position that originally belonged to Gil Hennessy was abolished.
The representative of the Hennessy family wore a long face throughout the meeting, and left angrily after witnessing the meeting vote to approve the company's delisting and privatisation.
After the board meeting, Alain Chevallier, in his capacity as Chairman of Moët Hennessy Wine Group, submitted an application to the Paris Stock Exchange for delisting and privatisation. The privatisation price was 250 francs per share, slightly higher than the real-time share price before the company's suspension.
Fortunately, the Bright Fund had previously asked the company to apply for a suspension due to insufficient circulating shares. Otherwise, once the announcement of delisting and repurchase was made, the repurchase price would definitely exceed 300 francs.
Unlike now, when the price of 250 francs per share has only resulted in a few francs, which is equivalent to no premium.
Although many investors are unwilling to accept this, the operation of the Bright Fund is in compliance with the regulations, and they can only accept their fate.
According to the board of directors' resolution, the stock repurchase for the privatisation of the company is designated to be carried out by the Bright Fund, and the Hennessy family has no right to interfere.
Therefore, Gilles Hennessy can only watch as the Bright Fund continues to acquire the remaining shares held by institutions and retail investors.
Until... the Bright Fund's shareholding reached 82.5%!
When he heard that the share buyback had been declared complete, Hennessy, who had been closely monitoring the news, felt a sudden sense of tension.
If nothing unexpected happened, the Bright Fund would strike next!