According to corporate laws, if a shareholder wanted to transfer their share in the company, other shareholders of the said company would be given the priority to buy the shares. If the shares were to be sold to someone outside of the existing shareholders, at least half of the shareholders should vote in favor of the new shareholder.
Central Group abided by this principle, but not Faulkner Group.
Faulkner Group originally was run within the family. However, many shares started being sold to outsiders as financial planning.
As stated explicitly in the policies of Faulkner Group: If a shareholder wishes to transfer his or her portion of shares to another member of the Faulkner family, the transfer can be made directly without the agreement of other shareholders.
Nevertheless, ever since Armand took over Faulkner Group, he had fired a lot of employees that he deemed useless without mercy. His actions caused the members of the Faulkner family to be terrified of him, leading them to be unwilling to join Faulkner Group.
Genevieve’s lips curled into a smile. “Yes.”
Peter scoffed with a disdainful smile as he tossed the documents onto the table. “During the press conference a few days ago, you were defending Armand in every sentence you said. You told the public that Faulkner Group would not have its glory today if it weren’t for Armand. One simple action of yours caused the stock prices of Faulkner Group to plummet. Yet here you are now, taking the initiative to meet me and trying to sell me your shares in Faulkner Group?”
Ever since the encounter at the Central Group shareholder’s meeting, Peter was aware of how intelligent Genevieve was and had a bad impression of her.
“What are you really up to?” Peter questioned sternly.
“Nothing. I’m not up to anything. I just sincerely want to sell you the shares.” Genevieve lowered her gaze as she spoke.
“I am completely clueless when it comes to financial planning. I am depending very heavily on Mr. Sullivan’s and others’ guidance when it comes to managing Central Group. Now with Faulkner Group added to the picture, I’m afraid I can’t handle everything. Besides, I’m in need of money too…” Genevieve began to explain.
“The doctors said Armand might not wake up. If anything were to happen to Central Group, I would need to have some spare cash with me.”
She then concluded, “Besides, I do not wish to have any animosity between us, Mr. Peter.”
Genevieve picked up the teapot and poured Peter a cup. “I’m selling you my husband’s shares on Faulkner Group in hopes that it would relieve your anger. After this, please stop interfering with the workings of Central Group in the future, is that alright, Mr. Peter?”
Peter did not respond. He merely kept his cold gaze on the document on the table as he tapped on it with his finger.
Before they had come to Xedells, Genevieve had asked Steven to look through the document.
Peter’s wishes to join Faulkner Group had been denied by Samantha and the other shareholders. Genevieve had no doubt that her offer would appeal to Peter.
Genevieve poured herself a cup of tea as well and sipped the tea slowly while waiting for Peter’s response, savoring the flavors of the tea.
After a while, Genevieve emptied her cup. Seeing that Peter still hadn’t uttered a word, Genevieve leaned forward to take the document on the table. “Looks like you have no interest in my offer. In that case, I’ll be leaving now.”
Peter pressed down the document with his hand, not allowing her to take it away. With an icy expression, he glared at Genevieve. “The price stated here is too high.”
“The price offered to you was based on the market. If I were selling the shares to other shareholders of Faulkner Group, it would not be so cheap.” Genevieve smiled politely as she negotiated. “How about this, considering the fact that you’re my husband’s ‘Uncle Peter’…”
Genevieve dipped her finger into some tea and traced clear digits on the table. “If you can pay me in cash, I’ll sell the shares to you at this price.”
Peter glanced at Genevieve coldly before exiting to make a quick phone call.
After half an hour, a man dressed in a suit rushed in while carrying a laptop.
After Genevieve had amended the amount on the contract ad signed it with Peter, the man immediately transferred the money to her.
Once the transfer had been made, Peter stood up with the document in his hand. Following suit, Genevieve rose to her feet as well. “Leaving so soon? Don’t you want to stay for dinner? The dishes here aren’t bad. I also heard that there will be performances around ten o’clock…”
Before she could finish speaking, Peter tossed her a look of disgust and left with the man without looking back.
It was not long before Genevieve and Steven left the private booth as well.
As they were leaving, Genevieve could not help but complain. “When he wanted to buy the shares from me, he didn’t even flinch when I called him Uncle Peter. Yet the moment he got the shares, his expression instantly changes, as though the mere thought of Armand disgusted him. With his talent, changing faces could be a stand-up comedy!”
Steven burst into laughter while giving Genevieve a thumbs-up. “Your performance earlier was splendid, Mrs. Faulkner.”
Back in the private booth, Peter had been extremely domineering during the whole negotiation. His imposing aura was cornering Genevieve without mercy. At the side, Steven broke into cold sweat in fear that Genevieve would crumble under the pressure.
To his relief, not only did Genevieve handle the situation brilliantly, but she managed to turn the tables and frustrate Peter in return.
