Chapter 1097 [This is not a personal decision but an equity behavior]
The board meeting is still in progress.
Ge Feng, who was attending the meeting, looked at Lu Ming and said: "Chairman, is the five-year suspension of trading a bit too long? I'm afraid it will make all shareholders collectively dissatisfied, and will it have a certain negative impact on the company?"
Hearing this, Lu Ming said calmly: "I accept their dissatisfaction, but this is not my personal decision, it is the company's decision, and it is an equity behavior. A suspension of trading for five years or less will not work."
All the directors present at the meeting were speechless. From a procedural and legal perspective, this was indeed an equity act, but in fact it was Lu Ming's personal decision.
And he has made a decision, and no one can change his decision.
Lu Ming put one hand on the armrest of the chairman's chair and said with a smile: "Even if the company resumes trading after five years of suspension and the stock price halve, for the holders, even if the profits after holding the shares for ten years have dropped significantly, the company will give them
The return on investment still exceeds the annualized compound return by more than 100%, is far greater than inflation, and is greater than global economic growth. With such a poor expectation, asset prices have more than doubled annually on average. Is there anything to be dissatisfied about?"
Then, Lu Ming added: "Of course, most of the people who dare to come in during the repurchase period are speculators. I am not responsible for the speculative funds. My kindness is only for the firm long-termists."
Everyone kept silent, and kept slandering in their hearts. The big boss's words were true, but they were clearly setting a trap for speculators. Moreover, it only lasted five years, which was quite destructive.
Needless to say, the funds that enter the market during the year-end repurchase plan are all coming with the mentality of arbitrage, and are speculative funds that can be used to make a profit and leave.
If you are unlucky, you will be locked up for five years. It would be nice to be able to resume trading after five years and continue to increase, but if it is cut in half, it will be a time cost, and the capital cost will be both lost and lost.
There is nothing to say, I can only admit that I am unlucky and curse Lu Ming for being an idiot.
There are risks in the stock market, so you need to be cautious when investing.
The directors attending the meeting knew that what Lu Ming said was for this reason. It was an ironclad fact that the company would suspend trading for five years and resume trading on February 18, 2025.
During the peak period of the world's most liquid environment, it was indeed a somewhat shady operation to suspend trading and lock all Tiansheng's shareholders in a dark room for five years.
However, everything has two sides. For the shareholders who are locked up in a small dark room, the bad side is that they will be "imprisoned" for five years. The good side is that they will be locked in a small dark room during the entire market decline after next year.
shareholders were able to escape this disaster.
No matter how the market falls by then, even if it falls below 3,000 points, or falls below 2,900 points, or even if the weight of blue-chip stocks is cut in half, the market value of the stock king will be fixed there because of the suspension of trading.
Regardless of whether the resumption of trading in five years will make up for the decline, at least during these five years, the market value of the stock king has been welded to a high level, and the market value of the stock assets in the hands of all shareholders has not shrunk, and has maintained its paper value for at least five years.
face wealth.
Wealth on paper is still wealth, it’s just that it cannot be cashed out for the time being.
While liquidity is locked up, what if Tiansheng Capital takes off after restructuring? Then the pessimistic expectations brought about by the collapse of the external market will gradually be reversed, and paper wealth will return to a strong situation.
Paper wealth can also be used as asset pledge, and there are many ways to play it. There are many ways to play financial derivatives. After all, it is better to bet on the expectation of future income rights.
However, for Lu Ming, the shareholders whose liquidity is locked up on the market open another market to bet together outside the market. It has nothing to do with him or Tiansheng Capital. It is just like the previous over-the-counter OTC transaction. The bet will win.
If you want to make money, if you lose money on gambling, you can either run away and go abroad, or go in and work on a sewing machine.
It's not just about having fun.
Finally, Lu Ming looked at the directors attending the meeting and smiled and said: "Of course, during the company's suspension of trading for the next five years, the suspension does not mean that it will stop paying dividends. The dividends that should be distributed in these five years will not be less."
The directors present at the meeting looked at each other. The big BOSS's repeated horizontal jumps were a slap in the face and a sweet date for the shareholders.
The suspension of trading of Tiansheng Holdings for five years will definitely make many shareholders dissatisfied. This is certain.
But continuing to pay dividends and getting money will definitely offset a lot of grievances among shareholders, and if it can maintain considerable dividends in the next five years, it also means that the company is developing very well, and it can also turn around the situation to a certain extent.
Some shareholders and the entire market have pessimistic expectations for Tiansheng Capital's future.
The core contents of this major restructuring of Tiansheng Capital are three key points.
The first is that the company directly signed an agreement with Lu Ming for a fifty-five-year term of appointment and dismissal, so that everyone can feel at ease and ensure that the company will not have a change of ownership in the next half century.
There is no need to worry about key man risks during this time.
After all, Tiansheng Capital's biggest logical support is Lu Ming, which is recognized by all shareholders and even the entire market and has no objection.
The second is that Lu Ming transferred 39.6 million shares of Tiansheng stock in his personal name, of which 30 million shares were transferred to the Science and People's Livelihood Fund, reducing the number of Tiansheng stocks in his personal name to 9.6 million shares.
In this way, Tiansheng has become an indirect quasi-seeding company in a certain sense. The word "quasi" will also be removed along with the word "quasi" in the foundation. Then when the anti-monopoly law comes out in the future
After that, Tiansheng is equivalent to having immunity, and can enter many fields without hindrance. For example, if Tiansheng wants to be in the securities industry, it will be easy to obtain a securities dealer license.
It also means that Tiansheng can enter many fields that private companies cannot enter originally. This is the strongest supporting logic for the company's future market value to reach one hundred billion, because after Tiansheng's restructuring, it represents the interests of the country or the interests of the whole people.
Yes, its surname is "Gong".
When the company's pie is further expanded, even if Lu Ming holds 9.6 million shares of Tiansheng, its market value will not be less than it is now, but will only be more, because the company has opened up a broader space upwards.
The third is that Tiansheng's profits belong to the central government's finances, and most of the taxes paid by the company go to the central government, leaving only a small part to Ningzhou.
This is tantamount to losing the largest source of tax base for Ningzhou. However, the actual impact on Ningzhou can be ignored because the Ningzhou Social Security Fund and the Ningzhou Local State-owned Assets Office both hold a lot of equity in Tiansheng Capital.
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In other words, Tiansheng is still the largest source of local fiscal revenue in Ningzhou. There is no way this company is too large and will be even bigger in the future. In absolute terms, it is still the largest revenue source in Ningzhou.
In recent years, Ningzhou has had too much money to spend, and the top leader has paid more than the amount to the Central Committee year after year, but no one can guarantee that the next top leader will do the same thing. What if a careless owner comes to take charge of the house?
Want to turn Ningzhou into the Dubai of the East with such extravagance and waste? What will other sister cities think?
Especially in the next year or two when the national property market will go down, other cities, large and small, will scream in pain. Ningzhou is so rich, but you are the only one who is aloof? Are you the only one who is amazing? Let’s all fight against this guy named Ning!
After the company was restructured, the potential hidden danger of this problem was eliminated, which also prevented Ningzhou from being criticized by everyone.
Life is so difficult for everyone, so if you are living a comfortable life, don't show off, don't come out to stimulate everyone's emotions, just shrink your neck and live your life happily.
…
(Ps: It should be finished within October. I can actually write a lot, but I really don’t dare to write about the later timeline in depth (face covering.jpg). I just want to keep this book steady for now.
When it is completed, it can be said to have landed safely.)
