Chapter 474 Turnaround
Morrison Group still had a chance to acquire Southlake Corporation so long as it became the majority shareholder.
They could utilize their authority to remove Willow from the CEO’s position.
“Willow holds the remaining 55% of the shares,” Ginger answered,
Cory immediately froze up on the spot.
He finally realized that Southlake Corporation was different from Morrison Group,
All of Southlake Corporation’s shares were held by Willow alone and were never divided across various investors.
His crazed acquisition of Southlake Corporation’s shares was the dumbest move he could have
made.
“Quick! Liquidize the shares immediately!” Cory angrily shouted,
He finally realized it wasn’t possible to acquire Southlake Corporation.
The only thing he could do now was to liquidize the shares and reinject funds back into Morrison Group.
“Mr. Morrison, Southlake Corporation had been increasing the number of shares, lowering their prices in the process. Selling them off now would be a huge loss of money!” Ginger no longer knew what to do.
Morrison Group had finally burnt itself from playing with fire.
Cory was left dumbfounded, “How is this possible? Why is this happening?”
He had believed that acquiring Southlake Corporation would have been a breeze.
But now, his plans had gone awry, and the enemy came knocking on his door for revenge.
“Mr. Morrison, I have another piece of bad news…” Ginger sheepishly announced,
“Just say it!” Cory glanced at her.
Could there still be worse news than this at this point?
“Southlake Corporation had bought up all of our loose shares on the market.”
“Oh, that’s nothing to worry about. Let them be. The loose shares on the market only amount to 15% of our total shares. They won’t pose a threat to us,” Cory calmly explained.
It was written and dictated by law that the percentage of shares determined your level of
+15 BONUS
“However, Landon, the marketing manager of Southlake Corporation, had been contacting our shareholders in private and offered to buy their shares above the market price…” Ginger’s voice gradually trailed off.
Cory stood up from his chair. “What?”
Morrison Group’s weakness was being exploited.
Even the Morrison family didn’t hold at least 50% of the company’s shares.
Loose shares around the market amounted to 15%.
And the remaining 35% were in the hands of individual shareholders.
If Southlake Corporation managed to buy out all the loose shares in the market and convinced the shareholders to sell theirs, they would accumulate a higher percentage than the Morrison family.
Once that happened, the Morrison family would lose its power and authority in the company.
“Call the shareholders in for a meeting! I’ll kill anyone that doesn’t show up!” Cory ordered.
He was intent on killing anyone that dared to disobey him.
But Ginger didn’t carry out her task immediately.
“What are you standing around for? Get on with it!” Cory shouted.
“Mr. Morrison, it’s too late. The shareholders have already contacted me about the situation. They even said that we should only contact Southlake Corporation from here on out, including for meetings…” Ginger sounded like she was about to cry.
She would have done the same as the shareholders in this situation. Anyone would have immediately sold off their shares after witnessing Cory kill their fellow shareholders without
any reason.
Everyone was just there for business and would rather just sell off the shares while it was still profitable.
“Bastards! They’re all bastards! Who do they think they are?” Cory shouted as he punched the
table.
The next moment, he seemed to have lost all his strength as he crumbled onto his chair.
He knew that he was done for.
Now that Southlake Corporation had acquired more than 50% of the company’s shares, they would be an unchallenged majority shareholder that made the rules.
2/4
+15 BONUS
“f**king hell! I should’ve killed all of them right then and there!” Cory shouted.
He had thought he could instill fear into the shareholders and have them follow his orders. But the exact opposite had happened as they collectively sold their shares to escape his wrath.
“It’s over! It’s all over! Morrison Group is no more!” Cory wailed.
He seemed like a bereaved dog that had lost all its former glory.
Ginger’s expression was full of disdain as she realized that Cory couldn’t even compare to Jyn.
The current CEO had absolutely zero skills when it came to running a business.
Morrison Group wouldn’t have ended up in such a sorry state if Jyn was still the CEO.
Suddenly, the door to the office was pushed open.
“f**k! Who dares to enter my room without even knocking?” Cory cursed aloud, frustrated.
“So this is the office of Morrison Group’s CEO? It’s pretty nice!” Caspian walked into the room
with a crowd behind him.
Landon, along with some legal representatives, was right behind him.
“Landon, help me redecorate the interiors. I’d like to have the couch, curtains, and carpets replaced before my wife starts working here,” Caspian ordered.
“Of course, Mr. Lynch! I’ll handle it,” Landon replied with utmost respect.
“Who are you people? What are you doing in my office?” Cory asked threateningly.
“My name is Caspian, and I’m Willow’s husband!” Caspian smiled at him.
“I don’t care who you are. Just get out of my office! Where’s security? Send them away already!
IT
Cory shouted for security a few times, only to be met with complete silence.
“It’s useless. This entire tower already belongs to Southlake Corporation, and that includes the security personnel as well,” Caspian explained.
“Shut your goddamn mouth!” Cory became enraged.
“Hahaha! Southlake Corporation holds 55% of the shares of Morrison Group. We’re the ones that decide everything now, not the Morrison family. You should be the one leaving this office right now!”
“f**k off! I’m the heir of the Morrison family, and I call the shots around here! Morrison Group belongs to the Morrison family alone. It’s in the name!” Cory screamed like a lunatic.
“Have a look at these documents for yourself. Southlake Corporation is now the majority
$15 ROAKUS
“From today onward, Morrison Group is simply just a branch of Southlake Corporation Your position as CEO is already moot, so just get on and go!” Caspian explained as he threw a stack of documents onto Cory’s table.
Meanwhile, Ginger was quietly hiding in the corner the moment she saw Caspian. She was terrified of him.
Cory picked up the documents and immediately shredded them to pieces.
“Shut the fuck up! I won’t be handing over the company to the likes of you!”
Caspian’s expression sank.
“Cory, these are legal documents. Shredding them to pieces doesn’t mean it’s gone. Relevant authorities will soon arrive to send you on your way!” Landon explained as he stepped up.
“Nice try, but I’m still the CEO at this moment. And I want all of you gone!”
The Morrison family had spent decades expanding their business in Dhord City.
They became acquainted with all sorts of big shots in the city and could utilize their connections to make the impossible possible.
Today’s Bonus Offer
