But he had never anticipated that the other party's appetite would be so immense.
Since its establishment, Baise Entertainment had grown stronger, and with multiple rounds of financing, the number of shareholders had become quite numerous. However, most of the shares were controlled by a few long-standing shareholders, such as himself and Jiang Wangtao. Unfortunately, Jiang Wangtao, who was initially brought in merely as a manager, held a small stake, never exceeding 5% in total. Ye Zhonghuai, on the other hand, controlled 23% of the shares.
Entertainment companies, unlike internet businesses, didn't typically employ dual-class share structures or similar arrangements separating ownership from control. Generally, shares directly translated to voting rights.
