At this point in the symposium, the keynote speech can no longer proceed. According to the wishes of the participants, we will immediately enter the group discussion stage.
The participants were divided into four groups: banks, Jinshen, shops, Haike, Jinshen and Haike. The two groups were further divided into three groups: A, B and C. Because there were too many people required to speak, the discussion did not end until the evening.
That night, everyone stayed at the Jimingguan Overseas Training Center and continued the meeting and discussion.
The group discussion ended at noon the next day, and each group spent another half a day sorting out their opinions and reporting them to Suchuan Yao. Suchuan Yao then handed them over to the joint meeting. The joint meeting spent the whole night coming up with a solution.
Plan, this plan is called "Implementation Measures for Debt-for-Equity Swapping of Jinghai-Pingkoda Bonds in the Third Year of Longqing".
The regulations stipulate that the Jinghai Pingkoda bonds issued in the second year of Longqing are allowed to be converted into shares at the option of the bondholders in February of the third year of Longqing, and they can become shareholders of the Daming Overseas Reclamation Company established on the first day of March.
The company's total share capital is one million, with one tael per share, which is the same as the face value of the bonds. Bondholders who voluntarily convert shares must apply to the company's preparatory office (located at Jimingguan Overseas Monk Training Center) before February 15th. It expires
No wait. Of the 400,000 shares held by the Ministry of Revenue, 50,000 shares each will be transferred free of charge to Jiming Temple, Yuanfu Palace, Chaotian Palace, Lingji Palace, Xianling Palace, Daolu Division, and Lecture Hall.
All debt holders who choose debt-for-equity swap will become shareholders of Daming Overseas Reclamation Company and will vote according to the shares they hold when the company convenes a general meeting to make decisions on major matters.
The company has a board of directors to handle the company's daily affairs. The members of the board of directors include the above-mentioned eight institutions, as well as representatives from four banks (a total of four) including banks, shops, gentry and maritime merchants - the four representatives are elected by themselves from the shareholders.
Considering that Longqing Fund plans to convert all the 100,000 taels of bonds it holds into equity capital, accounting for 10%, it is already the largest single shareholder. One more seat on the board of directors will be occupied by Longqing Fund.
Therefore, there are thirteen people in the Board of Directors.
Zhao Ran was originally going to start the next part of the meeting, but the participating delegates unanimously requested an extension. According to them, the participating delegates must be reshuffled.
Zhao Ran had no choice but to announce that the meeting would be postponed for one day...
Two days...
Three days...
The participating representatives did not leave the Overseas Monk Training Center, but more people rushed here. The entire Overseas Monk Training Center became a lively "vegetable market", noisy and lively.
Some representatives’ rooms have signs saying “Purchase Bonds at High Prices”, some representatives have signs outside their rooms saying “Bonds are to be transferred, please hurry up if interested”, and some representatives have signs outside their rooms saying “It’s convenient to go out.
Will be back soon"...
Zhao Ran took time out to go to Ajiang's room to visit Li Dayin's unknown "widow". Ajiang's room was very lively and he called his two daughters over to help. She subscribed for the bonds when they were issued
He bought 5,000 taels, which was a relatively large share among the debt holders. This time, he even started buying bonds and was busy running around.
Zhao Ran said: "Why bother? As long as I'm here, I can't take care of you?"
Ajiang shook his head: "It's not about money. I want to join the board of directors, I want to vote, and I want the company to invest in an inspection fleet to fight pirates and avenge Dayin! No matter how much money I spend, I won't feel bad."
Zhao Ran was silent for a moment and asked: "How much have you collected?"
Ajiang said: "I'm stupid too. Yesterday I only offered one tael per tael, but I couldn't get it after I received 100 taels. When I inquired about it, I found a man named Wang Chengyu who directly asked for 2 taels. Today I have raised the price to 2 taels."
I still couldn't get it for five cents. It turned out that Wang Chengyu had directly raised the price to thirty taels. I heard that Four Seasons Bank was also buying, and they offered two cents and six cents, which was lower than Wang Chengyu, but their purchase volume was large, so they paid
It’s a lot. I plan to open it directly to five taels of silver and see who can compete with me!”
Just as he was talking, Ajiang's daughter came back and said as soon as she entered the door: "Wang Chengyu has carried five taels! Ah... the abbot..."
Ajaan gritted his teeth and said, "It's increased to six taels!"
When Zhao Ran saw this situation, he decided not to cause trouble, so he said goodbye and came out. He couldn't help but feel a little funny when he saw the representatives busy and running around. He happened to see Chen Miuzhu wandering around holding a photography box.
Run, call him over and ask: "Didn't you buy some bonds?"
Chen Miuzhu said with a smile: "Thanks to the abbot, I bought it. I bought one thousand taels the day before yesterday."
Zhao Ran laughed: "You are quite clever."
Chen Mianzhu said: "I bought it from Ruo Qi, a special correspondent of "Junshan Notes". When she was interviewing me, she talked about bonds and I said I wanted to buy them. She didn't sell them at first, so I directly quoted her three taels of silver.
, and she sold it.”
Zhao Ran praised: "You have courage."
Yu Jingzi crawled out of Chen Mianzhu's sleeve pocket and said, "He just deliberately gives money to people to please Ruoqi."
Chen Miuzhu scratched his head and said sheepishly: "It's just a small loss, but it's not much. Mainly because it's not easy for her, so I treated it as an emergency."
Zhao Ran understood and shook his head: "Loss? Do you know how much money you have now?"
Chen Miuzhu was stunned: "I heard that the highest price yesterday was two taels, and I probably lost a thousand taels. Does the abbot mean that it has gone up again?"
Zhao Ran said: "Go and find out for yourself."
The price of the bond kept rising, from three taels to five taels, and then from five taels to eighty taels. As of the deadline on February 15th, it finally reached the 12 tael mark, but no one was selling it.
city.
Chen Miuzhu invested 3,000 taels, and the surplus was 7,000 taels according to the market price. This was really unexpected to him. Even if he wanted to return it to Ruoqi, he was reluctant to give it back.
Ruoqi was very open-minded and took a photo of Chen Miuzhu, which made Chen Miuzhu startled. Ruoqi said to him: "It's not malicious, I just left it as a reminder. Daoyou Chen gave me a vivid lesson."
The little girl learned a lesson from the investment class.”
On February 20, the relevant bond certificates were counted, and after being input into Jimingguan's algorithmic locker, the number of shareholders who had applied for debt-for-equity swaps was determined, with a total of 356 shareholders left.
On the first day of March, the “symposium of friendly persons from all parties” was transformed into the “Daming Overseas Reclamation Company Shareholders Preparatory Meeting”, at which the board of directors was elected.
Among the banks, Four Seasons Bank, which has the most influence and holds the largest shareholdings, won a seat; both the shop and Jinshen groups also elected representatives; among the Haike group, the one with a single shareholding of 35,000 shares
Wang Chengyu was not successfully elected, but Ajiang, who held 20,000 shares, became the representative.
Wang Chengyu himself admitted to Zhao Ran that if there was a competition, he would not be able to choose Ajiang when he first arrived in the Central Plains. Ajiang had too many supporters and had a great halo around his head. In addition, Wang Chengyu himself was not interested in serving as a director.
Da, he preferred to drink tea, taste wine, sit and look at the mountains and rivers, and running his own small villa was his biggest hobby. Therefore, he took the initiative to step aside and recommended Ajaan.
At the shareholders' meeting, Daming Overseas Reclamation Company unanimously approved a resolution initiated by the new director Ajaan: to issue 1.5 million taels of bonds to support the inspection fleet's continued operations. This bond was named "Second Issue of Jing"