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.
