Chapter 1028 [Few words, big things, thin paper and deep meaning]
As an entrepreneur, if you don’t like money, do you like...?
Therefore, the emergence of this special GP agreement has solved this problem and resolved the concerns of both parties in this regard.
Tiansheng Capital adopts a dual-class equity structure, and the listed company is Tiansheng Holdings, which is a shareholding platform. There are differences between the two, mainly in terms of control rights.
GP is the abbreviation of Gener, that is, there is a general partner, and the corresponding LP (Limited-Partner). Generally speaking, LP is an investor, that is, a limited partner. GP is the person who manages money for investors, and LP is a limited partner.
Liability, while GP has unlimited joint and several liability.
However, while GP bears unlimited joint and several liability, it also has the right to speak the truth. Because of its truth, it cannot blame anyone for any problems.
Once this contract is signed, the fifty-five-year term is immediately sealed. No one has to worry about Lu Ming losing control of Tiansheng Capital.
This is the most special thing about Tiansheng Capital. In other companies, the capital side wants to destroy the founder, but Tiansheng Capital is just the opposite. It is afraid that the founder will lose control and cause this giant ship to deviate from the normal course.
Because the scale is too large and getting bigger, there are more and more interested parties. No one is a fool, and no one can be trusted to control it, and no one will obey anyone.
But Lu Ming has an unparalleled strong foundation in terms of both his ability and his credibility. Everyone is convinced and relieved. With him in charge of Tiansheng, the company's fundamentals are as stable as Mount Tai. We also believe that under his leadership, this giant ship can be
Keep moving forward by riding the wind and waves.
…
In fact, regardless of the fact that Lu Ming's reform of Tiansheng's private sector withdrawal from the public sector meant that he suffered a loss, the reform was indeed successful. Even if Lu Ming gave up most of his equity to the state, his future worth would only be higher than today.
The reason is very simple and the logic is very simple. After completing the reform, Tiansheng means that it has opened up space. Now the company's market value is about 20 trillion, and more than half of Lu Ming's equity has reached about 10 trillion. Without reform, Tiansheng's height will be
Here, the ceiling is around 20 trillion, and Lu Ming's net worth is basically around 10 trillion, and it is difficult to make a bigger breakthrough.
And if once the reform is completed, the space is highly opened, and Tiansheng's future market value reaches one hundred billion or even higher, even if Lu Ming significantly reduces his personal equity ratio, his absolute worth will still far exceed the current ten trillion.
Lowering the shareholding ratio has not affected Lu Ming's prestige and control within Tiansheng at all. The current situation is not that some people want to kick him out, but that everyone is afraid that he will give up the job.
In the living room, Lu Ming continued in an orderly manner: "I personally currently hold 39.6 million shares of Tiansheng's stock. According to the current market price, the market value is approximately 10.9 trillion. I personally retain 9.6 million shares. This number is quite meaningful.
Yes, the other 30 million shares will be transferred to the direct management of the Zhongyang National Academy of Sciences, but considering the many problems caused by the direct transfer, my suggestion is to first transfer them in batches to the Science and People's Livelihood Fund as a buffer."
Transferring it directly to the state will make other business people feel uneasy, and they will interpret it as Lu Ming is "forced" to hand it over, which will cause panic and capital flight, which will affect economic development.
But the transfer to the Science and People's Livelihood Foundation is different, because Lu Ming has long publicly promised to spend his wealth in his lifetime, and he also promised to provide support for the Ningzhou pilot project and transfer the equity to
The name of the foundation is a real guarantee, and everything is logical.
In addition, Lu Ming is still the top leader of the foundation, and the foundation with special operating qualifications is equivalent to a quasi-state unit. It is logical to remove the word "quasi" by then, and Tiansheng will become
It has become the de facto state-owned enterprise, moistening things and achieving the ultimate goal silently.
It can be seen that Tiansheng's reform is not something that can be accomplished overnight. It requires the control, coordination, and layout of many aspects. The most important thing is to be stable and not cause too much impact on the outside world, and this takes time, so in 2O25
It was already very fast to complete the comprehensive reform in 2018. After all, it involves a lot of work.
For Lu Ming, how much wealth he has, whether it is hundreds of billions, trillions or ten trillions, does not mean much anymore. Instead, it is a heavy burden. Only by taking off the burden and traveling lightly can he go further.
How much money you can manage is the key!
The key point is to open up future space for Tiansheng and support a market value of 50 trillion, 100 billion or even higher.
The completion of this reform by Tiansheng Capital means that the state owns more than 60% of the company's equity.
Lu Ming's personal shareholding ratio dropped significantly to 12.54%. Even so, the corresponding market value still reached 2.64 trillion. Including the previous paid transfer, it still reached 3 trillion.
It can only be said that the size of Tiansheng Capital is ridiculously large.
In the future, Tiansheng can reach a level exceeding one hundred billion. Even if Lu Ming holds 12.54% of the equity ratio, his net worth will still reach the level of one hundred trillion.
…
At about 9:50, Liang Zhenyuan took the documents Lu Ming gave him and left, and Lu Ming immediately left for the company to work.
Regarding the reform of Tiansheng Capital, Lu Ming did not mention it to anyone within the company, and there was no need to discuss it with them. They would not understand in a short time that the more important decisions often come from the wisdom of the leader.
Few words mean more, but the paper is thin and the meaning is deep. That's probably it.
Moreover, revealing this idea in advance will definitely cause huge shock and controversy.
It was already 10:18 in the morning when Lu Ming arrived at the company. He met Han Qiulin just after exiting the chairman's elevator. She immediately handed over a document and pen and said: "Company buyback announcement, please sign."
Yesterday's repurchase situation should have been disclosed this morning as usual, but Lu Ming was meeting with Liang Zhenyuan in the morning, and he was not there, so he could not disclose it without signing.
Lu Ming picked up the pen and quickly signed and walked to the office, while Han Qiulin also turned around to carry out the disclosure work.
…
But it said A market, today is Wednesday, July 8th.
In the morning, the market was waiting for Tiansheng Capital to disclose the news of buybacks. As a result, there was no announcement from Tiansheng Capital when the market opened at 9:30, which surprised the outside world.
The previous repurchases were all disclosed around nine o'clock in the morning. Tiansheng Capital released a "dove" and caused the market to open slightly lower today.
However, after the market opened, the index quickly pulled up +0.51%, an increase of nearly 1 percentage point.
The changes in the market opening show that the securities sector is rising rapidly. After opening high and moving lower yesterday, the market has adjusted relatively fully and there is a need for a rebound. Especially the securities sector has adjusted the most severely. Today it opened lower and the current rebound is also
Very fierce.
But the most important thing is that Tiansheng Holdings opened low and rose sharply. It rose by 3 percentage points in the first five minutes of the opening. It continued to fluctuate upward in the next ten minutes, once reaching 5 percentage points. There were counter-attacks and closed yesterday.
The meaning of Yin K line.
Tiansheng Holdings opened low and moved high. The capital game in this ticket is all institutions. Relatively speaking, it still has an advantage over retail investors. Most institutions know that Tiansheng Capital must have repurchased the stock yesterday.
I just don’t know why it was not disclosed on time. After all, it has become a routine for the company to disclose news on the morning after the company’s buyback these days. Suddenly it was not on time, but it was a bit uncomfortable.
As Tiansheng Holdings strengthens, the market also strengthens.
However, as time went by, it was almost 10 o'clock and Tiansheng Capital had not disclosed the news of buyback, so the funds gradually became less calm.
Why no news?
have to!
A batch of funds were decisively smashed and ran away. If Tiansheng Capital had stopped repurchasing, then the huge amount of more than 460 billion released yesterday would mean that a large institution ran away, which would be a terrible situation.
Tiansheng Holdings, which rose by 5 percentage points, then began to fall back. Other funds in the market did not see the news that Tiansheng Capital disclosed the stock buyback, and were more timid than the funds gambling in Tiansheng Holdings, so the market began to lose control.
diving.
At around 10:07, the Shanghai stock index dived and turned green, and Tiansheng Holdings also turned green at that time.
At around 10:30, the market fell below today's opening price, and the brokerage sector became the first force to smash the market. This dumbfounded the investors who were chasing the rise yesterday. During this wave of surge and fall, many people
Choose to cut meat.
It opened low and moved high in early trading and then fell back, which was regarded as a bullish inducement.
That is, after 10:30, the market hit a new low and began to rebound within three minutes. At the same time, Tiansheng Holdings happened to touch the 5-day moving average and immediately rebounded and closed in the red.
The rebound of the market was driven by the profit of the king of stocks, and the king of stocks was in the red again at this moment, and it was Tiansheng Capital who announced the buyback announcement!
Yesterday, we repurchased another astronomical amount that surprised the market.
According to the disclosed announcement data, Tiansheng Capital once again spent 300 billion yuan to carry out repurchases yesterday, completing the repurchase of 1.07 million shares, with an average repurchase price of 280,000 yuan, and a total of 3.49 million shares repurchased. The repurchase funds
900 billion yuan.
The shares repurchased this time were also cancelled, and the company's total share capital was reduced to 76.51 million shares.
As soon as the announcement came out, the market carnival continued, with music and dancing!
