New Year's Day is Friday, and the 2nd and 3rd are weekends.
The Hong Kong stock market was closed for the first three days of 2010.
The Ministry of Municipal Supervision did not wait for the working day of the 4th, but officially announced the end of the investigation of Mr. Fang Zhuo on the morning of the 2nd, believing that his behavior did not involve insider trading.
Hong Kong media "South China Morning Post" immediately commented on this: With the new year and new atmosphere, the city supervisor tenderly sent the Morning Star to Fang Zhuo as a New Year's Day gift.
But unlike its certainty, more media are still speculating after seeing this news, what kind of action Mr. Fang will take?
Since the news came out, Shanghai City has remained silent, and Morningstar has been more vocal.
Whether the directors increase their shareholdings or Taiwanese journalists increase their holdings...Shanghai is just silent.
What does this silence symbolize? Is Chenxing’s communication effective? Has Mr. Fang given up? Or, behind the silence is the toughness of the boss?
The richest man in the Mainland has a great reputation in Hong Kong. His previous disagreements with the Li family were the subject of many tabloid reports, and based on this, there are conclusive speculations about political and business relations.
But this year, Yike's patent was sued, and the situation was almost in danger, but the situation suddenly turned around. Killing hedge funds and pushing a Chinese man to the throne of the world's richest man is amazing, but it is not over yet. After a lapse of time,
A second long-short confrontation soon returned Mr. Fang to the Iron Throne, and finally established Yike's position as the strongest mobile finance company.
Such a thrilling financial war in the first half of the year also caused a stir in the financial center of Xiangjiang. To this day, the media is still talking about the details of the two financial wars with different processes.
And this time, as Fang Zhuo is targeting the "Cayman Morning Star" of Hong Kong stocks, a reporter from "The Sun" even expressed his personal position in an expectant tone: "Ms. Fang is finally here to show off Hong Kong stocks."
It seems that Mr. Fang's actions in the Hong Kong stock market are an honor for this market.
Such speculations by various media, including within Morningstar, were finally answered on the 4th working day. Hong Kong stocks opened, large orders were taken, and Morningstar's stock price rose strongly, rising 6% in one day.
Who else can be the main force in the stock market at this time?
The head of Morningstar immediately witnessed the rise in his stock price when the market opened in the morning, but he was not happy at all, as the last trace of hope was finally wiped away.
The person named Fang didn’t tell any lies...
He said that he would increase his holdings after the investigation was over. Did he not wait for a second and start buying immediately...
Liang Gongwei couldn't help but have some unnecessary considerations. The other party may be putting pressure on him. It may be words and smoke bombs. It may not be that he will absorb it in the near future. He may be concerned about public opinion, and may turn the short term into the long term... All possibilities have changed.
For bubbles!
even……
At eight o'clock in the evening, as an important shareholder holding more than 5% of the shares, Fang Zhuo disclosed his equity changes in accordance with the regulations of the Hong Kong Exchange.
When Liang Gongwei saw the latest shareholding, he was shocked and silent for a long time.
Before Fang Zhuo was investigated for insider trading, his shareholding was increased to 14%. However, today, in addition to absorbing shares in the secondary market to 3%, he also acquired a total of 10% from four directors Yang, Lin, Shi, and Xiao.
shares, which add up to 3%.
Only 7% of the shares remain before the mandatory tender offer.
It is foreseeable that Morningstar's stock price will definitely rise tomorrow, and it may be the day after tomorrow that Fangzhuo will launch a mandatory offer and issue a purchase price to all shareholders.
There were thousands of thoughts colliding in Liang Gongwei's mind. He didn't know how long it took before he picked up his cell phone that vibrated from time to time and saw the missed calls and messages from his directors and senior executives.
——Mr. Liang, what should we do? What should we do now?
What can be done?
Fang Zhuo just had more money this time, so he made up his mind, and he really wanted to do it hard!
Liang Gongwei understands the procedure of mandatory offer very well. When Morningstar is listed in Hong Kong, everything must be in accordance with the rules of the market. Now facing such a determined Fang Zhuo, there is only one way.
Drag first to prevent the other party from crossing the 30% mandatory offer line.
Let’s talk about it again. There are only 8 days left before the Extraordinary General Meeting of Shareholders on the 12th. The plan to introduce Taiwanese reporters through fixed increase bypasses the board of directors and directly votes on the shareholders on site, including reorganizing the board of directors, cleaning up the management and other matters.
As for how to delay, directly suspend the trading of "Cayman Morning Star", announce that there are major issues related to the company's asset restructuring that need to be resolved, and cut off Fangzhuo's access to funds from the source.
No matter what, Fang Zhuo cannot be allowed to make a successful offer before the shareholders' meeting begins, otherwise the shareholders' meeting will be meaningless.
Liang Gongwei was determined and immediately contacted the exchange to submit the company's voluntary application for trading suspension.
According to the rules, the trading suspension shall not exceed 20 trading days at most. This is enough to solve the problem. You must either solve Fang Zhuo yourself or be solved by Fang Zhuo.
After making several phone calls and contacting the bank, the island, and Taiwan reporters, Liang Gongwei also called in Rong Tianxing and others, asking them to lobby the company again.
Everything will end at the shareholders' meeting. As long as the board of directors is re-elected and the poison pill plan is adopted, Fang Zhuo's menacing attack will be completely defeated.
Liang Gongwei has led Morningstar to the present, and he is confident in his internal influence. The mainland department is indeed an important force in the company, but the Taiwan department is stronger.
In addition to the middle and senior managers in key positions within the company, Morningstar can also invite many Baodao companies. It is necessary to let them come to help this time and make sure that shareholders see their strong influence.
Even if this influence is not that solid, as long as the vote can pass 50% for a while, it is enough.
All the efforts were accomplished in one battle, on the 12th.
After Liang Gongwei arranged everything intensively, only director Rong Tianxing, who had also come all the way, was left in the room.
"Mr. Liang, this time..." Rong Tianxing was half-sentenced but not finished.
Liang Gongwei glanced sideways and saw the anxiety on the old man's face.
This time is indeed different. We are facing the wily Mr. Fang.
Others say that Mr. Fang is ruthless and shady. I tried it myself and it turns out that they are right.
If Mr. Fang really forces Morningstar Semiconductor into his pocket this time, isn't he afraid of the industry's disapproval?
Liang Gongwei took a breath and reassured: "Don't worry, his biggest advantage of capital has been cut off. After all, Morningstar is a company built by us, and the majority of shareholders will understand."
Morningstar’s surname is Liang, and the shareholder Mingjian.
…
On January 5, 2010, "Cayman Morning Star"'s voluntary application for a trading suspension was approved by the Hong Kong Stock Exchange. Morning Star, which had just risen sharply for a day, fixed the stock price at HK$68.
In the past half month, Morningstar has been constantly releasing news related to the company's future, and the four-day Christmas and three-day holiday on New Year's Day have made this news more widely spread.
Entering the new year, Morningstar had just opened its trading day. Fang Zhuo, an important shareholder, made a bold move, and the company immediately suspended trading. This undoubtedly once again verified the fierce conflict between the two parties.
With only one week left before the extraordinary general meeting of shareholders, where will this leading company in the TV main control chip market go?
At noon on January 5, the Baodao Semiconductor Industry Association issued a solemn statement in support of Morningstar Semiconductor and accused Fang Zhuo of deliberately using hostile acquisitions to undermine the stability of industry development.
That afternoon, the spokesperson of the Taiwan Journal also spoke out through the media, believing that what happened to Morningstar Semiconductor was cause for alarm, and denounced Fang Zhuo for his despicable methods and lack of business ethics.
At the same time, news leaked out that the protest from Baodao about the situation of Morning Star has been submitted to the relevant mainland departments.
Suddenly, the momentum of public opinion changed again. It seemed that Fang Zhuo encountered new difficulties in this acquisition.
That same evening, Fang Zhuo received an inquiry from the department above and received a tactful suggestion that it would be better to handle the matter peacefully.
Fang Zhuo only expressed two opinions.
"I signed an irrevocable letter of commitment with Morningstar shareholders Yang Weiyi, Lin Yongyu, Shi Deli, and Xiao Shuoyuan. The purchase of 10% of their shares has been at a premium of 30% and cost nearly 1.3 billion. Who can reimburse me for this cost?"
"Since everything complies with the rules of the Hong Kong Stock Exchange, of course we must follow the rules. Otherwise, why would we need rules? Rules are for protection, not destruction!"
Fang Zhuo became the guardian of the rules and his attitude was very clear.
However, he also softened in the end: "Now that Morningstar has suspended trading, I can't continue to absorb shares. Everything depends on the situation of the shareholders' meeting. I may not win. If I lose, Morningstar's situation will not be the same."
Change."
Seeing Mr. Fang's determination on the other end of the phone, he didn't say anything else. Indeed, the matter was undecided and the stocks were suspended. Although Mr. Fang had a black hand, it didn't matter if he didn't win. He would still be ridiculed.
.
Fang Zhuo put down his cell phone and read the acquisition team's report again. The company's initiative to suspend trading was also foreseeable. It was an offense and defense within the rules, and it was impossible for his side to stop it.
Therefore, the matter was indeed placed at the extraordinary shareholders' meeting as Mr. Liang wished.
As for the success or failure of the shareholders' meeting...
Fang Zhuo still thinks there won't be any problem. As I said, there is always a guarantee, and Morningstar's mainland team is not bad either.
The phone on the table received a new message.
Fang Zhuo took a look and saw that it was a complaint from Wang Fengyi on Yi Xin.
"Mr. Fang, the investigation was announced to be over in just a few days, why haven't I heard anything yet? Have they forgotten about me? This is not fair at all!" Wang Fengyi was referring to the fact that he had also been investigated before but was late.
Nothing has come to fruition yet.
Fang Zhuo replied: "Are you also the richest man in the mainland?"
Wang Fengyi was silent. The richest man in the Mainland is amazing.
Well, this time I went to Xiangjiang to show Morning Star how great the richest man in the Mainland really is.
As the first investor in China who followed the richest man in the mainland, Wang Fengyi is also going to attend the Morningstar extraordinary shareholders meeting this time. Shen Xin and idg both took shares of Morningstar together at that time. The number was not large, and now only 8% is left, but
It's better than nothing.
After a long time, Wang Fengyi still sent a message: "Mr. Fang, I checked the weather. It will be sunny in the next week. It will not hinder my flight to Xiangjiang."
Soon, he got a reply from Mr. Fang.
"Well, Brother Wang is strict."
Wang Fengyi realized that he could learn some advantages after being in contact with Mr. Fang for a long time.
Morningstar's relevant public opinion this time still received no response from Yike and Fang Zhuo. In fact, this time the condemnation from the Baodao semiconductor industry and some companies did not appear on the mainland, including the Penguin Portal.
Regarding the news about this semiconductor, Penguin had reported it before and ignored Fang Zhuo's greetings. However, after the warning from above, he stopped making an issue in this regard and followed everyone in silence.
Fang Zhuo didn't feel much pressure from public opinion.
Like he said, these are all within the rules.
Morningstar suspended trading, Yike remained silent, and Liang's management and Fangpai's management clashed in the next week. The former held more key positions, while the latter's technology research and development capabilities came from behind. This time it involves the mainland market, and the company
Factors such as shareholders, director disputes, Yike cooperation, etc., plus some conflicts...
From Morningstar's trading suspension to an extraordinary shareholders' meeting, there were even fights at the company.
Fortunately, the fight will only last for one week.
On the other hand, Wang Fengyi expressed worry on the way here: "Mr. Liang and the others won't beat people at the shareholders' meeting, right? What if they just beat us out with sticks?"
"I have security." Fang Zhuo responded briefly.
Wang Fengyi: "..."
He really didn't have such conditions, but after a change of thought, he glanced at the slightly fat Xiong Xiaoge and praised: "It doesn't matter, I have the old bear, as long as I can run faster than the old bear."
Xiong Xiaoge disdained to pay attention to these two people. If this happened, he immediately turned his back on the dark side and reprimanded Fang for his despicable methods.
The "Qingzi" arrived in Xiangjiang on the evening of the 11th. Fang Zhuo and his party stayed at the hotel and met with Yang Weiyi and other Morningstar executives to prepare for the extraordinary stock meeting the next day.
…
January 12, nine o'clock in the morning, Ritz-Carlton Hotel, West Kowloon, Hong Kong.
The conference hall, which can accommodate 500 people, seemed a little crowded early on. When Liang Gongwei and others arrived, they saw "standing tickets" already appearing in the back row.
Today is the temporary board meeting of Morningstar Semiconductor. All the people coming are shareholders who need to register. It stands to reason that the space in the conference hall is more than enough...
"Why are there so many... so many shareholders?" Liang Gongwei was a little surprised.
"Many of them are from the mainland. I heard they are people who have recently bought stocks." Rong Tianxing reported the situation.
Normally, there won’t be that many people at a general meeting of shareholders, and there won’t be that many small shareholders... No, this is a small shareholder, and there won’t be that many small shareholders who have come all the way here.
As for why there are so many people today, it is obviously because they are not normal.
This abnormality can be seen intuitively with the naked eye. This group of people are laughing and chatting, and they have completely different mental outlooks from the serious Morning Star shareholders.
Liang Gongwei frowned: "It depends on shares, not on heads. Why does Fang Zhuo bring so many people here? Are you still afraid that I will beat him?"
Rong Tianxing laughed: "You can't beat him either."
Liang Gongwei glanced at the old man. The pressure on Mr. Rong was almost abnormal.
He glanced at the mainland minority shareholders again, and then scanned the entire audience, but did not see Fang Zhuo or anyone on his side.
"Let's go on stage and talk about the situation first." Liang Gongwei seized the opportunity and decided to show off the style of the leader of Morning Star.
He quickly stepped forward and grabbed the microphone. Just as he was about to speak, he saw the helpers invited from Baodao walking into the conference hall. Liang Gongwei's eyes lit up and he introduced directly: "Dear shareholders, I am Liang Gongwei, chairman of Morningstar.
For the development of Morning Star, we have invited many partners to discuss corporate development this time, and I will introduce them to you."
"This is Mr. Zhang Zhongtong, the head of Taiwan Journal. He is the most influential industry leader in our semiconductor industry."
"This is Mr. Lu Chaoqun, the president of the Baodao Semiconductor Industry Association and an academician of the U.S. National Academy of Engineering, who founded Yuchuang Company."
"This is Mr. Huang Chongren, chairman of Powerchip Semiconductor. He has made great contributions to our memory development."
Liang Gongwei introduced the reinforcements invited from Baodao one by one.
What are these reinforcements?
It’s industry influence!
Morningstar is a semiconductor company, and shareholders are all aware of the status of these people in the industry. This time they come together to clear up the source!
The atmosphere in the conference hall was serious, and the small mainland shareholders in the back row were also infected by the atmosphere of grand introduction, and they all sat upright to witness this battle between dragons and tigers.
Originally, they thought that Fang always had everything they needed, even if Morningstar suspended trading. However, the names of people like Zhang Zhongyi and Lu Chaoqun were indeed well known, and the situation seemed to be different...
Morningstar seems to be no longer a small player, but an important player in the semiconductor industry backed by Baodao!
If you think about it carefully, Morningstar, which has a market value of tens of billions, does not seem to be as weak as imagined.
As industry giants take the stage, the concept of "tens of billions of market capitalization" seems to be back in our minds.
Just as the atmosphere was solemn, voices came from far and near the entrance of the conference hall, and then the second largest shareholder of Morning Star appeared.
Mr. Fang has arrived!
Almost instantly, the solemn atmosphere was broken.
"Mr. Fang, Mr. Fang, I am your fan! I participated in shorting Lehman!"
"Mr. Fang, I bought Yike stocks and cashed out for the first time in a hedge fund!"
"President Fang is here, President Fang is here!"
"Mr. Fang, you asked me to buy a house. I bought a house in Shanghai!"
The entrance to the conference hall is in the back row. Morning Star's small shareholders from the mainland were like star-struck fans, standing up one after another to welcome the beacon on the road to wealth.
Some are making profits from short selling, some are obedient and buying a house, some are cashing out at a high position, and some are hoping to have soup this time...
Over the years that Fang Zhuo has been traveling in the world, he has always earnestly advised everyone to make money together. Although the effect is average, the base is so large that many people came to watch the fun this time. By the way, I would like to thank Mr. Fang in person.
The group of people stopped and looked at each other. This situation was unexpected.
Wang Fengyi was very pleased that he was not afraid of being beaten this time.
Fang Zhuo reacted and smiled: "What are you doing? This is the shareholders' meeting of Morningstar Company. You..."
"We are here to vote! We also have Morningstar stocks in our hands! We are just waiting for the appreciation!" someone said loudly.
Fang Zhuo took two steps forward and said with a smile: "Are you so sure that the value will increase?"
This time, another person spoke up, and his answer was a little off-the-wall: "Sure, because we are the kings of retail investors!"
There was a burst of laughter in the conference hall. The name "King of Retail Investors" was also widely circulated, and it was an important method for Yike to defeat hedge funds twice.
Fang Zhuo shook his head slightly and said as he walked: "There has never been any king of retail investors..."
Accompanied by the chorus of "Or maybe everyone is the king of retail investors" from his fellow wealth-getters, the richest man in the Mainland walked into the corridor and saw a group of industry elders on the stage.
However, the prestige of the giants in the industry was washed away by the tone of "King of Retail Investors", and everyone on the stage looked at the world-famous Mr. Fang Zhuofang with different expressions.
As for Mr. Fang, he is really... good-looking and handsome, with bright eyes like a dog on one side and a bear on the other.
It is better to meet than to be famous, indeed it is better to meet than to be famous.
"Mr. Fang, I'm glad to see you in Xiangjiang." Zhang Zhongtou spoke before Liang Gongwei, who had no objection.
Fang Zhuo smiled in surprise: "I never expected to see Mr. Zhang on such an occasion. I welcome Mr. Zhang to our Morningstar board of directors. Did Mr. Zhang also buy our company's shares?"
"I'm just very concerned about the development of Baodao Enterprises." Zhang Zhongqian said this, and then said very bluntly, "I just happened to come to see Mr. Fang to see what kind of person can make ice cores."
Fang Zhuo said with a smile: "The ice core is still far away from Taiwan Records. Will it actually arouse Mr. Zhang's curiosity?"
"Is the 45n of ice core ready for mass production?" Zhang Zhongmo asked.
Fang Zhuo smiled and said nothing.
"It's amazing. I always think Liang Mengsong's ability is very strong." Zhang Zhongqi sighed, "Professor Hu's research is also very constructive, and with the addition of some of SMIC's senior executives and technology, I heard that Mr. Fang
This year, we took advantage of the financial crisis to attract talents from around the world, which is really remarkable."
Contrary to Fang Zhuo's imagination, Zhang Zhongmo spoke very fast and did not look like a 79-year-old man at all. Moreover, his eyes were sharp and he did not look old and frail just sitting there.
"I am a layman, and I rely entirely on Mr. Qiu, Mr. Liang, and the others. This is actually Mr. Zhang's compliment." Fang Zhuo smiled. He didn't want to talk about ice cores on this occasion, so he brought the topic back and asked, "Listen earlier.
I thought it was a misinformation that Taiwan Journalist was going to cooperate with Morning Star, but I didn’t expect it to be true?”
Zhang Zhongmo said thoughtfully: "Morning Star is an excellent company."
"I wonder if Morningstar can help Taiwanese reporters enter the TV main control chip market, or can it enhance its foundry capabilities?" Fang Zhuo asked directly, "Since Mr. Liang invited Mr. Zhang here today, then in front of all our Morningstar shareholders
Let’s explain it clearly.”
Zhang Zhonghe was silent, thinking about how to respond to the suddenly aggressive young man.
Seeing that this person was silent, Fang Zhuo turned around and looked around at the shareholders in the conference hall. Finally, his eyes rested on the face of the head of Morning Star, and said loudly: "It's not like that. Just call a group of people over and you can do it."
Are you trying to get the company’s shareholders?”
Liang Gongwei immediately said: "Mr. Fang, don't judge a gentleman with a villain's heart! We are already discussing the supply of mobile phone chips with HTC. At this time, you are taking advantage of the company's low price to fight for control, and even want to privatize the company. This
It’s just taking advantage of the opportunity!”
Fang Zhuo did not expect that there were people from htc, or that the person from htc this time was not someone he knew.
Seeing that Mr. Liang still had something to say, he raised his right hand high and stretched out two fingers: "Two things."
"First, given the current situation of Morningstar, I think that taking control of it can effectively solve the problem."
"Second, after the stock resumes trading, I plan to make an offer at a price of HK$26."
"I came to the board of directors today just to tell you these two things."
Fang Zhuo retracted his right hand and did not go to the stage. He sat down nearby and signaled to Mr. Liang that he could continue talking.
However, sitting in Liang Gongwei's seat, from his perspective, he could see that most of the people in the audience were instantly discussing the offer price of "26 Hong Kong dollars" proposed by Mr. Fang.
The price of No. 4 is 68 Hong Kong dollars, and the price of No. 26 has increased by almost 20%, but the price of No. 4 has already risen a lot.
this price……
The discussion in the audience quickly became louder.
Liang Gongwei's heart slowly sank. He has not elaborated on the cooperation with Baodao enterprises, has not described in detail the prospects of the chip project with HTC, has not talked about the second wave of credit extensions carried out by many banks in Baodao, and has not said that there are many people within the company.
Little management input…
He has made a lot of efforts since the suspension to now!
"Mr. Liang, Mr. Liang." Rong Tianxing, the director next to him, reminded in a low voice.
Liang Gongwei came back to his senses, took a deep breath, and said into the microphone: "Dear shareholders, Morningstar has become the leader in TV main control chips in seven years since its establishment in 2002. The current stock price cannot reflect our actual value and future.
Prospects, is the price of HK$26 high?”
It's okay if he doesn't ask, but once he asks, the audience will really answer.
"Mr. Liang, that's quite a lot! I was only 18 or 19 a few days ago!"
"It's quite high. How can you compete with MediaTek? This is already a premium!"
There are trustees in the audience, but most of them are real shareholders, the ones who weigh the value of the stocks in their hearts.
Upon seeing this, Liang Gongwei immediately turned the topic to the content he had prepared, once again introduced the important guests around him, and talked about the multi-faceted business cooperation discussions with Baodao Enterprises.
However, he talked about his, and the audience whispered about theirs.
Liang Gongwei resisted the increasingly bad premonition in his heart. After talking about HTC's mobile phone chip project, he mentioned the stock price again and shouted: "Has everyone forgotten? Morningstar's issue price is HK$37! I am confident in leading Morningstar.
Get this stock price again!”
There were voices of approval and opposition in the audience, voices from different directions were intertwined, and the conference hall was a mess.
Liang Gongwei glanced past Mr. Fang and saw him speaking in a low voice to Wang Fengyi next to him.
"Everyone, please note that 37's share price is only our issue price. We have obtained HTC's intention to cooperate. As long as we go in this direction, we can get a higher price than 37!"
"For the company's prospects, we must have a united board of directors and management. There will be certain changes in the next board of directors, with the purpose of changing the company's current situation!"
Liang Gongwei tentatively threw out a new list of board members. To Yang Weiyi's expectation, he was still on the list. In fact, 6 of the original 7 people remained unchanged, except for Shi Deli.
But he soon understood that this board of directors seemed stable, and 4 votes in favor could complete the adoption of the poison pill plan.
"I object." Fang Zhuo stood up immediately after Mr. Liang finished speaking, gave a brief opinion, and gestured with the audience with two fingers.
Two things, control and offer price.
Fang Zhuo's opposition vote alone is 3%. As long as another 7% of the voting rights oppose it, this new board of directors plan will not be passed.
Liang Gongwei watched the statistics in the audience, hoping to get a positive answer.
However... it was almost overwhelming, with 61% of the negative votes cast. This was still a proportion of the total share capital. In fact, not 100% of the shareholders were present, and 61% had a higher on-site voting effectiveness.
"Mr. Liang..." Director Rong Tianxing hesitated to speak.
Liang Gongwei waved his hand, his expression calmed down, and said: "I will invest again, fixed increase."
He did not speak this time, and Rong Tianxing announced something. This time it was related to the proposal for the private placement of shares in Taiji.
"I object." Fang Zhuo stood up and held out two fingers.
Compared with the previous vote, this time it was better. The Taiwanese reporter had a great reputation and sounded like he could really help Morning Star. So, only 55% of the votes were against it, but it still failed.
With the Extraordinary General Meeting of Shareholders convened like this, it was no longer necessary to hold it any longer, but Liang Gongwei still insisted on letting Rong Tianxing issue a third proposal to vote on whether to pass the poison pill plan.
Without exception, this time it still failed to pass. In fact, the opposition rate was as high as 67%. More people hope that Fang Zhuo will gain control rather than be driven away.
Liang Gongwei's expression did not change. At this moment, he suddenly understood why Mr. Fang had rarely responded. Money is really important.
"Mr. Liang." Zhang Zhongtou said at this time, "Forget it, it can't be done."
He came here thinking that there would be a stalemate between the two sides, so that he would naturally have room for his own performance. The more influence he could have, the more he would tilt the balance, but...
Liang Gongwei didn't look sad, he just replied: "Three thousand for a professional, no match for a few taels in Fang Zhuo's hands."
Zhang Zhongtou shook his head slightly and refused to comment.
Liang Gongwei grabbed the microphone and looked at the shareholders in the audience. He wanted to speak but was stuck in his throat.
What else should I say at this time?
He let out a long sigh without any harsh words or regrets. He stood up and walked off the stage, ending quietly.
At this time, Fang Zhuo looked at Mr. Liang's leaving figure and the guests starting to leave on the stage. He stretched out three fingers and said, "I am here to do three things this time."
Some guests pricked up their ears. Wasn’t there two things just now? Why is there one more thing?
"First, seek control that will more conveniently help Morningstar develop."
"Second, make an offer at a price of HK$26."
"Third, as Mr. Liang said, let Morningstar break through the issue price of 37 in the future."
Fang Zhuo put down his right hand, which also means that the purpose of this stage is to gain control rather than privatization.
Morningstar, a listed company in Hong Kong, has room for change. It can be the second largest company in Sina, or it can be stabilized before being split up.
Since Mr. Liang has surrendered, a stable Morning Star is the next thing that needs to be accomplished.
As the Liang people left, the atmosphere in the conference hall gradually became jubilant.
Yang Weiyi sat on the stage. He will still maintain his identity as the company's president. This time, he has received the full support of the board of directors and the Yike Department.
There was no poison pill plan, no scheduled addition of Taiwanese journalists, and no removal of directors. Morningstar's extraordinary shareholders' meeting was both impressive and successful.
Challenge the giants, understand the giants, and become the giants.
Compared with the equally high-profile Sina Shareholders Meeting in 2002, the Morning Star battle seven years later fell into Fang Zhuo's hands in just a spin. The recent serious transcoding has given us more motivation and faster updates.
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