Ang Group's think tank has made several different plans before, and most of the methods of raising funds are based on the above two ideas. Either transfer the project, or seek external financial support.
It seems that there are many tricks, but in fact they are all about tearing down the east wall to repair the west wall, sacrificing the long-term interests of the group to make up for the immediate loopholes, which does not satisfy the boss Samuel.
As a group with multiple mining projects, Leon Group theoretically has no shortage of funds. As long as they take out any project that has entered the mining stage, they can get tens of millions or hundreds of millions in transfer fees or mortgage loans.
, are all a piece of cake.
However, any project that enters the mining stage has begun to continuously provide profits to the group. At the same time, around this project, a chain of interests will be formed within and outside the group.
Leon Group is a long-established enterprise in France. Since its development, the group has not only been huge in scale, but also has many internal hills and complex relationships, all of which are barely maintained by interest relationships.
If there is no undoubted reason, I am afraid that even if Chairman Samuel wants to move on any of the already formed projects, he will not be able to withstand the criticism from all members of the interest chain.
Obviously, preventing a possible attack by Red Mining Group is not enough to persuade shareholders to support Samuel's proposal to abandon several projects.
In particular, this plan involves abandoning several projects that are providing profits to the group and turning around to increase its holdings in Bank of Gaul shares.
Everyone knows that the investment income from buying large-cap banking stocks such as Bank of Gaul may not be comparable to the increase in the market, let alone compared with mineral projects that have entered the mining stage.
Therefore, it may be difficult for such a proposal to be passed by the board of directors. Especially the project stakeholders involved. If Samuel cannot give them a good enough compensation plan, let alone the proposal failing, I am afraid it will be blocked.
Muir will also be disgraced by them.
The Leon Group is now blooming in more places on the African continent and trying to win as many complete project development contracts as possible.
However, the group will not immediately enter the development state for most of these new projects. The usual approach is to spend a small amount of money to simply maintain them. The most important role of these projects is to serve as the group's strategic reserve.
This is a business strategy based on long-term development, which will ensure that the group will still have sufficient project reserves for the group's future development many years later.
However, in this way, some short-term interests will definitely be sacrificed, and it will also cause a shortage of liquidity for the group.
There are still capable people in the Leon Group's think tank, and in a new proposal, a draft of the "White Knight Plan of the Bank of Gaul" appeared.
In fact, this draft had already been rejected in the internal evaluation of the think tank. As a result, several of the plans they promoted were not passed after they were submitted, and the higher-ups wanted it urgently. Therefore, several previously eliminated plans were slightly modified.
Later, it was submitted,
Unexpectedly, this plan, which was not favored by most people in the think tank, actually received great attention from the chairman, Mr. Samuel.
He not only arranged for a think tank to conduct comprehensive verification and supplementation of this plan, but also sent his senior assistant Richard to take charge of this matter on his behalf.
Richard is fifty years old this year, more than 20 years younger than Chairman Samuel. He joined the Leon Group after graduating from college and worked in eight different positions in five years. Then he became Samuel
His assistant to this day.
This promotion method is really criticized. There have been rumors within the group that Richard is Samuel's illegitimate son, and Samuel is planning to train him to be his successor in his career.
Think about it, this is really possible.
Samuel has a son and several grandchildren. However, no one in his immediate family has entered the Leon Group, and none of them seems to have enough business talent.
That's not the case with Richard. He has worked for the Leon Group for nearly thirty years. His understanding of the group is second to none, and his personal abilities and professional ethics are also obvious to all.
As the aging Samuel gradually fades away from the specific affairs of the group, Richard takes his place most of the time. If he wishes, Richard can now join the board of directors at any time.
If Samuel supports Richard and transfers his shares to him in the future, then almost no one can doubt that Richard will take over his position on the board of directors.
The rumor spread within the group not long after Richard entered the group. However, the two parties involved turned a blind eye to it and never made any comments. Therefore, the rumor spread for more than 20 years, and no one cared about it.
Rumors are just rumors, but Richard's status in the Leon Group is quite high. Since he personally took charge of the "White Knight Plan", one can imagine the importance of this plan to the Leon Group.
The word "knight" in the "White Knight Plan" comes from the understanding of knights and chivalry in European culture. When used in the stock market, it becomes the guardian of listed companies.
They are unknown and hold shares of a listed company for a long time. The amount is usually a few points, but it will not exceed the 4.99% public line.
Under normal circumstances, they enjoy the dividends from the company's shareholders, but mostly abstain from voting and ignore daily shareholder voting and other activities. They are the most trusted partners of listed companies and the ultimate guardians, and will not intervene in internal disputes within the company.
.
The purpose of the white knight is to prevent hostile takeovers from outsiders. Only when an outsider carries out a hostile takeover and comes into close contact with the controlling party, will the white knight clause be fully activated, like a magic weapon descending from the sky, giving the opponent a fatal blow?
hit.
The White Knight Plan of the Bank of Gaul has been revised several times after constant adjustments, and has produced many variations, which is dizzying.
The sudden global stock market crash accelerated the implementation of this plan. The sharp decline in stock prices made the cost of hostile acquisitions of Gallic banks by opponents significantly reduced.
In order to prevent his opponents from taking this opportunity to take action, Richard decided on a plan based on the current situation, and then accelerated the search for the white knight.
White knight plans were common in the early days of stock market development, but now such plans are rare. Moreover, it is not easy for listed companies to find a suitable white knight.
The most important one is that White Knight is an independent economic entity, with no affiliation with listed companies, and preferably no direct business ties.
But in this way, listed companies will lack the means to restrict white knights. How to make white knights still abide by the spirit of the contract and remain loyal after a long period of time has become a big problem.