I, Hong Shixian, started by marrying Lin Pinru

Chapter 171 Raising Funds and Allotments, Diluting Shares!!

Hong Shixian tapped his finger on the table and slowly said to everyone: “This time this happened, we need to have funds to buy back our shares in the market, as well as pull the stock price back.” ”

“And then there are government construction projects, as well as central air conditioning development projects and so on.”

“These two projects Qushi Group has invested a lot of money in them, can not be halfway, and I have checked the Qu’s Group’s losses and expenses in the past six months, and now we have not much circulating funds on our books, so I hereby make a suggestion.”

“That is to raise funds and allotment!”

Fundraising and allotment is a term for allotment in the capital market, which is essentially a kind of additional issuance.

An example is given.

The company’s reason for the shares is 100 million, and now it has decided to issue an additional 100 million new share capital to the quota of all shareholders, and this additional issuance to all shareholders is called fund-raising allotment, generally speaking, this additional issuance is based on the shareholding ratio on the record date, that is, the purchase quota of shareholders, generally increasing the proportion of its original holdings by another 10%.

If a purchase is made, the proportion of the original share capital held remains unchanged, and if the purchase is not made, the original share capital ratio is diluted.

In addition to raising funds, this mode of fundraising and allotment has another main function, that is, to break the original shareholder pattern.

A shareholder with capital can take advantage of the poor flow of funds from other shareholders to dilute his shares and take the opportunity to achieve the purpose of controlling the board of directors.

Hear Hong Shixian’s proposal.

The faces of the shareholders present changed one after another, and everyone began to talk quietly, after all, this is not a small matter.

It’s about whether you can have a say on the board of directors in the future.

“Mr. Hong, isn’t this too anxious, we can completely borrow from the bank.”

Qu Yangping frowned deeply and said unhappily.

To say who the allotment loses the most.

That’s definitely him, he has the most shares in the Qu Group, and there is not a lot of capital flow now.

Although his shares will remain at the maximum after the allotment, they will definitely be shrunk a lot.

In this way, the position of his chairman will be affected.

At that time, it is likely to be harvested by Hong Shixian.

Therefore, Qu Yangping definitely does not want Hong Shixian’s suggestion to succeed.

“Yes, we can borrow money from the bank!”

“Our company has so many industries, it is completely possible to borrow a sum of money!”

Qu Yangping’s words pleased some shareholders, who did not have much cash flow and were completely unable to buy shares in this allotment.

If shares are allocated, their shares will definitely shrink by then.

Maybe even kicked out of the board.

“Huh.”

Hong Shixian sneered and glanced at Zheng Qiudong.

Zheng Qiudong took out the document in his hand and said to everyone: “In recent years, the asset-liability ratio of Qushi Group has generally remained between 60% and 70%, which is much higher than the debt ratio of about 20% in other industries. ”

“As of last year’s last annual report, Qushi Group’s monetary funds totaled 412 million yuan, but short-term borrowings amounted to 2.184 billion yuan and accounts payable reached 1.237 billion yuan.”

In addition, there are $768 million in long-term borrowings and $275 million in non-current liabilities maturing within one year. The company’s asset-liability ratio is 72.54%, and the books show that there are still nearly 4 billion yuan of liabilities. ”

“With such a high borrowing rate, do you still feel that you want to continue borrowing?”

“Although there have not been too many news of Qu’s Group borrowing too much in the past few years, the borrowing rate has continued to increase, and then the credit of the enterprise will be damaged and the risk will be greater.”

“So, pooling for allotment is the best idea.”

Zheng Qiudong threw the document in his hand directly to Qu Yangping.

When the people present heard these words, they also fell silent.

“Mr. Qu, what do you say?”

Hong Shixian chuckled.

Now there is only one choice in front of Quyang, and that is to accept his request to raise funds and allotment shares.

Qu Yangping sighed and said, “Do what President Hong said.” ”

After saying this, Qu Yangping’s whole person slumped on the sofa chair.

Staring at Hong Shixian with dead eyes, this guy is completely a wolf, a wolf who wants people not to let go.

“Then give you two days, after two days, please announce whether you want to buy, I Hongshi Capital has enough capital, I can completely take over your allotment to everyone.”

After Hong Shixian left this sentence, he and Zheng Qiudong left.

A group of shareholders looked at each other and then shook their heads and left the conference room.

Until everyone left, Qu Xiao hurriedly asked, “Dad, what does Hong Shixian mean by this?” ”

Qu Lianjie also revealed an inquiring gaze.

The two of them only half-understood the large number of words that Hong Shixian and Zheng Qiudong said just now.

But seeing the expression on Qu Yangping’s face, they knew that this matter must be very bad for them.

“He is trying to dilute my shares and take the opportunity to collect other people’s shares, if he succeeds, then he may directly become the largest stake of the Qu Group.”

“At that time, the position of the chairman will also change owners, and the Qu Group may also become the Hongshi Group.”

Qu Yang said in a deep voice.

His face then frowned and covered the position of his liver.

After Qu Xiaoxiao saw it, he quickly took the medicine and gave it to Qu Yangping.

Qu Lianjie asked puzzled: “Even if he collects the allotment of the rest of the shareholders, we are also the largest shareholder, right?” ”

“Stupid!”

Qu Yangping scolded angrily: “What if someone sells the shares to him at this time?” ”

Qu Lianjie now understands.

If you cannot afford to buy the allotment and are diluted shares, it is better to directly sell the shareholders.

“Dad, if the rest of the shareholders want to sell their shares, isn’t the first choice forced on us?”

Qu Xiaoxiao also asked.

“It’s true that the contract stipulates that once a shareholder wants to sell the shares, then we must be the first choice, but do we now have the funds to buy their shares?”

“Now we can’t even take out the money for the allotment.”

Qu Yangping sighed deeply, if he had enough funds now, he didn’t have to worry about Hong Shixian’s plan at all.

It can directly solve the current things and the company’s insufficient capital flow.

As long as he buys his own allotment and buys the shares of the remaining shareholders, he is still the largest shareholder.

Even if he abdicates.

The Qu Group will not change owners because of this.

“So the biggest problem is that we don’t have money right now?”

“Then we can borrow it!”