Chapter 278 [Bury the seeds and wait for them to germinate]
Chapter 278 [Bury the seeds and wait for them to sprout]
After Tian Jiayi memorized the memo, he browsed it again to confirm that there were no omissions in Fang Hong's instructions, so he looked up and asked him: "Does our company want to participate in Wan's new share financing plan?"
Seeing Fang Hong's strategy of cooperating with other Wanqi shareholders to sign a "performance gambling" agreement with the company's management, Tian Jiayi took it for granted that Fang Hong was planning to strategically invest in the company, and that he would definitely increase his holdings.
of this company.
But Fang Hong shook his head directly and said: "If you don't invest, just keep the current shareholding ratio unchanged. As long as the 'performance gambling' agreement is successfully signed, the company will cash out immediately. We must strive to get out of the market in early December this year."
Before the end, the gambling agreement was settled."
As soon as these words came out, the beautiful assistant stared at Fang Hong with stunned eyes. Her pretty face was full of confusion and doubts.
After trying so hard to get the betting agreement signed, instead of increasing his holdings, he cashed out and left?
Regarding his decision, Tian Jiayi became more and more confused as he thought about it, and then said with a puzzled expression: "Why should we cash out and leave? Then our work is not in vain?"
Fang Hong said with a smile: "Of course we are not working in vain. Do you think we are stupid and sweet at the expense?"
"That's right. You have eight hundred evil intentions in your belly, so how can you do a loss-making business?" Tian Jiayi looked at him and said with a sweet smile. After a while, she added with a hint of curiosity.
Said: "But I don't quite understand."
Fang Hong said calmly: "It's very simple. After the agreement is signed, Wanbei's stock price will be cut in half. Of course, you have to cash out and leave."
After hearing this, Tian Jiayi said with confusion on his face: "Will Wanqi's stock price be cut in half?"
When he said this, the beautiful assistant became even more confused and confused. Logically speaking, it shouldn't rise? Why did it fall instead, or was it cut in half?
I really can't understand it.
As for why the stock price did not rise but fell or even halved, it was of course a series of things that gradually happened after the signing of the "gambling agreement", including factors such as the bonus pool and business partner mechanism that Wandao management subsequently established.
Fang Hong didn't plan to tell Tian Jiayi this now. He would first facilitate the signing of the "performance gambling" agreement. This was the beginning of everything.
This matter does not happen overnight. Plant the seeds first and slowly take root and sprout...
What Fang Hong has to do is to keep this historical event from its original trajectory until 2015, waiting for Boss Yao to make his debut.
As for what role Qunxing Capital will play in it? Of course it will be to make money!
How to make money? Of course it’s fishing in troubled waters!
Fang Hong has no interest in controlling Wanzi, mainly because it is not realistic. At the same time, he does not want to get involved in this equity dispute. He can make a quick buck and withdraw with a wave of his sleeves.
Not taking away a single cloud is both unrestrained and beautiful.
…
In the following period, the reorganized Ruihe Pharmaceutical Group continued to advance as planned. Wang Qingxiong has been taken away, but it will definitely be difficult to convict him in a short time, and the court date has not yet been announced.
But it doesn't matter, he is no longer important.
The current Ruihe Pharmaceutical Group has nothing to do with Wang Qingxiong and has completely cut off from Hengtong Pharmaceutical.
In the following time, Ruihe Pharmaceutical Group will conduct the first judicial auction in November, and if nothing else, the auction will be unsuccessful. Then, two months later, in January next year, the second auction will be conducted, and then the transaction will be completed.
Then there is the introduction of local state-owned assets in Xincheng. The next big thing to solve this matter is to plan to list on the GEM.
As for the present, although Ruihe Pharmaceutical Group has declared a debt default, the company is still running normally. Except for a group of senior executives who were taken away, the other more than 10,000 employees are fine. Salaries are paid as usual, and the company operates as usual.
However, it is also an opportunity for others to rise. After a group of senior executives were taken away, a lot of positions were left vacant. In order for the company to survive the current turbulent period smoothly, many people were promoted or temporarily promoted in place.
Act on behalf of others.
Now that there is a major earthquake in the senior management, the main task is to restore the decision-making mechanism, which means convening a shareholders' meeting, reorganizing the board of directors, and selecting a new leader to run Ruihe Pharmaceutical Group.
It is worth mentioning that the equity of Ruihe Pharmaceutical Group is now 100% frozen, but the frozen equity is mainly to restrict shareholders from obtaining income from the company and disposing of equity, to prevent the loss of equity income, and to achieve the purpose of property preservation.
The freezing of equity does not deny the shareholder's qualifications, nor does it restrict the shareholder's exercise of common interest rights.
The right to convene an extraordinary shareholders' meeting or general meeting of shareholders, the right to vote, the right to participate in a general meeting of shareholders or general meeting of shareholders, the right to elect and be elected, the right to know, the right to litigate on behalf of shareholders, etc., which are common rights, will not be exercised because the equity is frozen.
To put it bluntly, Ruihe Pharmaceutical Group can still hold shareholders' meetings normally, reorganize the board of directors, and elect a new management team.
This must be done as soon as possible. If the decision-making level of such a huge company is in a paralyzed stage, the whole company will be in chaos. The key is to stabilize the overall situation as soon as possible and survive the current turbulent period.
Hua Yu is fully responsible for handling this series of matters. Fang Hong basically doesn't ask about how to advance the specific matters and doesn't pay much attention to the affairs of Ruihe Pharmaceutical Group. Whether it is handled well or not, you will know after a while.
…
September 15th.
At around 14:00 in the afternoon, the first extraordinary shareholders' meeting of Wanqi in 2009 was officially launched at its headquarters to review the company's previously disclosed refinancing plan.
As early as around 13:00 in the afternoon, many shareholders came to the venue to sign in and register. Due to the unexpected impact of the typhoon early this morning, the number of shareholders attending this shareholders' meeting was slightly less than before, and some shareholders who had already registered in advance were not able to register.
Attend.
However, although there may be fewer shareholders present, the online voting platform has been enabled for this general meeting of shareholders, and shareholders can vote on all proposals through the Internet. This financing proposal will not be affected.
Currently, Wan Tao is in the suspension stage in the A-share market today and will resume trading tomorrow.
At this moment, Fang Hong was also participating in Wanbi's shareholders' meeting through online channels. He had bought some shares of the company before and was also a shareholder of the company. He could also participate in voting, although it was only a symbolic purchase.
A million-dollar stock.
"When proposing the financing plan, we gave full consideration to the interests of shareholders. The decline in Wanqi's net profit in 2008 was just a pause, not an inflection point. We are absolutely convinced that the company has returned to the track of growth..."
In the study on the second floor of the Jingxinju villa, Fang Hong was sitting in front of the computer without saying a word. On the screen was a live broadcast of the Wanda shareholders' meeting. At this moment, the company's president was answering questions from shareholders.
President Wan Tiao in the video continued: "...the pursuit of scale may not be the best way for shareholder value. Wan Tiao will shift from the original pursuit of scale and speed to the pursuit of quality and efficiency. We hope that by focusing on quality and efficiency
The transformation will enable future profit growth to exceed the growth of the company's size."
As time went by, Wanbi's executive vice president began to introduce the financing plan: "Considering fairness and the interests of existing shareholders, a maximum of 10 institutions can be selected for non-public issuance, while the public additional issuance method can allow more investors to participate.
It is more fair to shareholders. Since Wandiao has both A shares and B shares, from an operational point of view, rights issue is not feasible. Issuing convertible bonds will increase the company's asset-liability ratio in the short term, which will
Corporate debt financing creates pressure..."
At this time, Fang Hong recalled Tian Jiayi's report to Wanqi yesterday. Star Capital successfully brought together a group of major shareholders to contact and talk with the company's management before the start of this shareholders' meeting.
That is, to put pressure on Wanqi's management before the shareholders' meeting, the problem is directed at Wanqi's current ugly ROE index.
If the company's ROE index is still so low, it is a direct threat to reject the refinancing proposal and even reorganize Wanda's board of directors. This refinancing proposal is a vote on a major matter and requires a two-thirds majority to pass.
The total voting rights of a group of shareholders of Qunxing Capital account for about 29%, which is less than 30%. However, the voting rights are calculated based on the size of the shareholders present. The actual vote of this shareholders' meeting must be passed. If the shareholders of Qunxing Capital are
If you object, you may not be able to pass.
There is actually a lot of pressure on the management, especially Alexander who threatens to reorganize the board of directors.
As the shareholders' meeting continued, Fang Hong, who was immersed in watching the situation, most likely judged that the pressure was effective. As for the specific situation and some of its details, he had to wait for Tian Jiayi to come back and report.
