My Side Job is a Trader

That night, a piece of news was topped the Weibo hot search.

Wan Shi, the founder and chairman of the board of directors of Huacheng Real Estate, rushed back to the company's headquarters building in Shenzhen overnight.

Wan Shi is also a frequent visitor to Weibo's trending search list, but it's not because of his influence in the business field, but because this person has often traveled around the world with his fourth- and fifth-tier celebrity wives who are much younger than him. Occasionally post some photos on Weibo, and it will become widely known, and even the majority of netizens gave him the title of "The Most Emotional Entrepreneur".

Originally, according to the previous announcement of Huacheng Real Estate, Wan Shi would resign as the chairman of the board of directors of Huacheng Real Estate this year, and completely hand over the company to his carefully trained successor Li Wenliang. File thing.

Hostile takeovers of listed companies after being targeted by capital are not uncommon in the capital market. Usually, many companies have special countermeasures for such hostile takeovers.

For example, the equity design that directly eliminates hostile takeovers, the company can divide the equity into AB shares, of which A shares are not tradable, but have higher voting rights. Generally speaking, A shares are firmly controlled by the founders and entrepreneurial teams. control; B shares are put into the capital market for financing, but the voting rights they have are very small, almost negligible.

With such a shareholding structure, even if the capital acquires all the stocks in the market, it will not be able to gain control of the listed company.

Of course, this kind of shareholding structure also emerged with the development of Internet companies. At present, most listed companies in the secondary market have a more traditional shareholding structure of the same share with the same rights.

However, even with this kind of shareholding structure with the same shares and the same rights, there are ways to deal with the situation of hostile takeover by capital, among which the "poison pill plan" is the most used one.

The so-called "Poison Pill Plan" means that when there is a malicious acquisition of the company's shares by the Baoneng Fund in the market, the company can immediately activate a mechanism according to the company's articles of association, and the original shareholders of the company only need to pay a very small price to increase the same shares.

That is to say, the capital spent 100 yuan a share to buy the company's stock in the secondary market, and the result was the same as the original shareholder's cost of 1 yuan. Therefore, no capital is willing to do such a stupid thing that hurts others and does not benefit oneself.

When it came to Hwaseong Real Estate, the situation was different.

First of all, the shareholding structure of Huacheng Real Estate is also the model of the same share and the same rights.

Secondly, for some reason, Hwaseong Real Estate's articles of association do not include such stress measures as the "poison pill plan".

If it's just like this, that's okay, after all, with its size here, it's not easy for anyone to bite such a huge monster casually.

The bad thing is that Huacheng Real Estate's equity is too dispersed. Even the major shareholder Huarun Group only holds more than ten percent of the shares, which is far from the shares required for absolute control. It gave some malicious capital in the market a chance to grab food.

In the office, Zhang Xin looked at the relevant information about Huacheng Real Estate that he found, including the shareholding structure and the background resumes of some senior executives.

Wang Shen put down the documents in his hand, and said with a puzzled expression on his face: "No, I have seen the development history of Huacheng Real Estate. In 1996, Huacheng Real Estate once encountered a hostile takeover by capital. Experience, Huacheng Real Estate was once on the verge of being in danger of being acquired, but thanks to the relevant policies issued by the state, it was saved from death. Why didn’t Wan Shi, the founder, learn a lesson? Huacheng Real Estate didn’t even have the means to deal with it ?”

Zhang Xin was also very confused about this, but said: "What if he really doesn't remember the painful lessons from the past?"

Wang Shen chuckled, and said: "Then Huacheng Real Estate deserves it this time. They don't remember to fight. Let's see how they deal with the menacing Baoneng Group this time."

Zhang Xin picked up the biography of Wan Shi, the founder of Huacheng Real Estate. Just looking at such a biography will make people feel very inspirational. No wonder Wan Shi has so many fans supporting him.

Huacheng Real Estate can be said to have been built by Wan Shi from scratch, although there were also factors that relied on the policies at the time. After all, Huacheng Real Estate was made bigger and stronger by Wan Shi from a small contractor. Of course, after he married the daughter of an official , the career was out of control, and this is how the now famous Hwaseong Real Estate came into being.

However, Wan Shi's operation later made people very confused.

In 1995, perhaps influenced by foreign companies, Wan Shi believed that for an excellent company, professional managers must be in charge of the daily management of the company, and shareholders only need to wait behind the scenes for dividends.

What is even more incomprehensible is that, as the founder of Huacheng Real Estate, Wan Shi publicly announced that he would give up most of the shares he held in his hand, only keeping 2% symbolically, and handing over all other shares To the company's entrepreneurial team and other shareholders.

Although this move brought him a good name and won praise in the industry, Huacheng Real Estate also left a vital door that cannot be ignored.

Two years after Huacheng Real Estate went public, the first life-and-death crisis of Huacheng Real Estate came like this.

In 1996, a fund company called Junwei Fund bought shares of Huacheng Real Estate in the secondary market, and this fund also reached an equity transfer agreement with some shareholders of Huacheng Real Estate, and became a The major shareholder of Huacheng Real Estate, Wan Shi and his entrepreneurial team can be said to be powerless to resist.

Huacheng Real Estate directly chose to suspend trading for four days at that time, so as to delay the time and find a way to seek help.

It may be God's blessing, but at this critical moment, when the management team of Hwaseong Real Estate was facing the dilemma of being kicked out, the state issued a policy to strictly investigate the sources of funds of major fund companies, which was quite chaotic at the time. China's capital market has undergone a major rectification.

At that time, the two sides were engaged in an air battle, and Wan Shi found out that the top management of Regal Fund was actually building a "rat warehouse", which made people doubt the legitimacy of Regal's investment in Hwaseong.

Later, under the mediation of the Securities Regulatory Commission, Regal had to give up its plan to take a stake in Huacheng Real Estate, which saved Huacheng Real Estate from a difficult situation.

I just don’t know why, Wan Shi didn’t seem to have learned the lesson, he didn’t change the shareholding structure, and he didn’t set up measures similar to the “Poison Pill Plan”. He just found a major shareholder of a state-owned enterprise for Huacheng Real Estate, which is the current Huarun Group, but the boss of Huarun Group at that time was not Ge Xinmin, and he had a close personal relationship with Wan Shi. The employees of the two companies basically got along like a family.

It's just that now that the new boss has taken over the Huarun Group, the situation has changed, and the two companies have begun to distinguish themselves. From the performance of the Huarun Group just coping with it before, it can be seen that the largest shareholder may have a relationship with Huacheng. Real estate relations are not very good.

Now that Baoneng Group is aggressively buying shares in Hwaseong Real Estate, it can be said that history is repeating itself. Everyone's eyes are wide open, wanting to see how Wan Shi will respond, whether it is the return of the king or the twilight of the hero.