His Genius Wife is a Superstar

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 NOVEL EBOOK

Novel

His Genius Wife Is A Superstar

 Chapter 401 - Not An Enemy

HIS GENIUS WIFE IS A SUPERSTAR

C401 - Not An Enemy

Chapter 401 - Not An Enemy

Days later, the entire Long clan learned that Iris successfully bought 5% shares of Long Industries. Now she was an official shareholder at the company with the right to vote during meetings.

Although her shares might not seem much, she was actually the second biggest shareholder from the Long family after her father. Long Tengfei was the majority shareholder, owning more than 50%.

Before Iris’ purchase, Long Jufang and Long Meng were the next biggest shareholders after Long Tengfei. The two elders each owned 3% shares of the company. This was one of the reasons why the two of them became the most powerful elders in the Long clan.

Of course, they tried acquiring more but just 1% was already expensive on its own. The 3% each that they acquired were something their branch families saved up for many years.

For a long time, the main family owned 100% of the company. Despite this, they still shared the wealth to the other branch families so that the entire clan could prosper together. It was only when Long Tengfei expanded the family business into the shipping industry that shares were made available for purchase in order to fund the massive expansion.

That time, nobody among the branch families could afford to buy any shares. So they could only watch wealthy outsiders buy the available shares. Actually, only the branch families saw these first shareholders as outsiders.

To Long Tengfei, these shareholders were his business partners in making Long Industries a truly international company. Most of them held executive positions in the company just like him. For example, the COO was also a shareholder and a friend to Long Tengfei.

It was only later when the elders Long Jufang and Long Meng had saved enough that they were able to buy some shares from the minor shareholders who were willing to sell. Unfortunately, they could only afford 3% each.

That was why the entire Long clan went into uproar when they learned that Iris acquired 5% shares. FIVE PERCENT!!! How much was that?!

The elders and the other relatives immediately headed to the Long ancestral residence. Long Jufang and Long Meng led them to seek an audience with Long Tengfei.

It wasn’t only them. Long Hui also coincidentally came at the same time to talk to his father about it. He was the only other member of the main family besides Long Tengfei (and now Iris) who owned shares of Long Industries.

He owned 2.5% shares. His mother’s family financed the 2% while he bought the 0.5% with his own money after he became the Deputy CFO. Of course it concerned him now that his youngest sister owned more shares than him when she wasn’t even working in their family business.