Rebirth of the Strongest Tycoon

Listed companies stipulate that after the shareholders' meeting approves the dividend distribution plan, it must be implemented within two months. The speed of this speed mainly depends on the initiative and enthusiasm of the operators.

With Justin Kyle's attitude, he naturally wants to be as fast as he can.

It's just that there are too many shareholders involved in a listed company, and it will take some time to implement it.

Therefore, in order to save the time of the whole process and let Wheelock Shipping Company get the dividends as soon as possible, we can only speed up the pace in the two links of the board of directors and the general meeting of shareholders.

At the board level, all five companies voted through the dividend plan with absolute advantages, and everything seemed to be very smooth.

Justin Kyle breathed a sigh of relief when he got the news, and waited for the shareholders' meeting to be held and voted to approve the dividend plan.

In his opinion, unless shareholders are stupid, there is no reason to refuse such a powerful dividend. Looking at the entire Hong Kong stock market, there are very few such extreme dividends.

In order to save time, Justin Kyle simply set the time of the five public company's shareholder meetings on the same day, after a fifteen-day notice period.

On January 23, 1985, the general meeting of shareholders of five companies including United Dock Company and Real Estate Trust Company was held in the morning.

Justin Kyle, on a whim, couldn't stay in Wheelock Shipping Company, and chose to represent Wheelock Shipping Company to attend the shareholders meeting of Real Estate Trust Company.

The reason why I came to this company is because the real estate trust company had the highest net profit last year, reaching 269 million Hong Kong dollars. Once the dividend distribution plan is passed, it will be able to get over 100 million Hong Kong dollars in dividends.

As the protagonist, there should be a gesture that the protagonist should have, so Justin Kyle was the last to arrive.

When he came to the door of the venue, he deliberately stopped and asked the beautiful employee who was in charge of registration: "What is the attendance rate for this shareholders' meeting?"

The beautiful employee immediately reported respectfully: "Chairman, plus the equity held by the parent company, the current shareholder attendance rate has reached 84.51%, which is the highest attendance rate of all shareholders' meetings in the past two decades."

At this time, Merck Heatley, the president of the Real Estate Trust Company who accompanied Justin Kyle, flattered: "Chairman, it must be the dividend plan that surprised shareholders this time, so this time it is very important to To be proactive in coming to the general meeting is to witness this historic moment."

The general direction of the dividend plan was set by Justin Kyle, and Merck Heatley's flattery was in place.

Justin Kyle laughed: "Maybe it's really possible."

"Ha ha……"

"Let's go in."

After all, Justin Kyle walked into the venue with a full face.

What he didn't notice was that when he came in, some representatives of major shareholders who were seated safely in the venue looked at each other and showed inexplicable smiles.

At the beginning of this general meeting of shareholders, the financial report that had been announced was introduced again, and then the proposal was directly started to be considered.

After the shareholder representatives who will participate in the counting and scrutiny of the votes are determined, the registered voting will officially begin.

Soon it was time for the final vote count.

Justin Kyle smiled and sat leisurely in his seat, watching the counting representative begin to count the votes.

In less than a minute at the beginning, Justin Kyle's smile disappeared completely, his brows were wrinkled, his breathing was a little disordered, and he asked Merck Heatley next to him, "What's going on, why are all Vote against?"

I saw on the vote counting board, the proportion of negative votes has reached 7.24%, but the yes vote is still 0%.

Of course, this must have not counted the votes of Wheelock Shipping Company, the largest shareholder.

But the point is not here, the point is that in Justin Kyle's expectation, the pass rate of the dividend proposal at this shareholders' meeting will be at least 90% or more, or even unanimous!

But this time, three shareholders in a row voted against it, which is definitely not normal!

"Chairman, I don't know what's going on.

I'll go ask the situation. "

After that, Merck Heatley got up nervously and walked to the shareholders who had just counted the votes.

Justin Kyle clenched his fists tightly. When he saw another 4.47% stake voted against, and the number of negative votes jumped to 11.71%, his heart twitched and his eyes subconsciously watched. In the direction of Merck Heatley.

He saw Merck Heatley say a few words to a shareholder, then his face changed, and the shareholder sneered.

Then Merck Heatley found other shareholders. Although other shareholders had good or bad attitudes, Merck Heatley's face became ugly every time he asked.

Soon, Merck Heatley hurried back.

As soon as he sat down, Justin Kyle hurriedly asked, "Why did they vote against it?"

Merck Heatley lowered his head and explained the situation: "Chairman, their attitude is very clear, the reason is very perfunctory, and they think that all profits will be distributed as dividends, which will do great harm to the company's long-term development, so they disagree. Dividends should continue to be invested in the development of the company.”

"Are they idiots!"

Hearing this reason, Justin Kyle cursed angrily, attracting several shareholders who were closer to look over.

It's just that Justin Kyle can't care so much, because he saw that although the approval vote has broken through the duck eggs, it has only reached 1.24%.

But the negative vote has reached 22.79%!

This number is extremely dazzling!

Merck Heatley hurriedly said: "Chairman, I think someone must be leading this, but I don't know who it is for the time being."

Justin Kyle wasn't stupid, of course he guessed it.

Just guessed what's the use?

Now that everyone has cast their votes, the votes are already being counted, and it is useless to say anything else. The only thing that can be done is to pray that the affirmative votes will account for more than half of the total votes.

It's just... Justin Kyle himself has no confidence.

Next, the votes of Wheelock Shipping Company were finally counted, and the votes in favor jumped to 39.44%, achieving a go-ahead.

It's just that this overtake didn't last long.

The affirmative votes remained at 39.44% until the end.

The negative vote reached 45.07%!

Dividing it by the total voter turnout yields an approval rate of 46.67% and a disapproval rate of 53.33%.

If less than half of the votes are in favor, the motion will not be passed!

The moment he saw the result, Justin Kyle left the venue with a dark face.

And not long after he rushed back to the company, he learned a series of bad news.

The four dividend-sharing proposals of United Dock Company, Lane Crawford Retail Company, Heung Kong Undersea Tunnel Company and Federal Real Estate Company also failed to pass!

Even the highest stake in Federal Realty, Wheelock Shipping, holds a 44.5% stake.

But the attendance rate for this shareholders meeting was an extremely rare 90.21%.

Except for the major shareholder Wheelock Shipping Company, which voted in favor, all other shareholders voted against it, so that the approval rate was only 49.30%. Unfortunately, the vote failed.

Justin Kyle was so angry that he was vomiting blood, it was an absolute insult!

The first enemy that came to his mind was Dingfeng Securities, and then the Jiuding Consortium behind it.

What followed was regret, extremely regret.

He regretted that he should not be too confident, and concentrated all the shareholders' meetings of the five companies on one day, so that he completely lost the ability to save.

Unfortunately, regret is useless, the general meeting of shareholders has already been opened.

What he can do is to immediately convene people to discuss countermeasures. The enemy has worked hard to start with these five companies, and the ultimate goal is definitely Wheelock Shipping Company.

With the conclusion of the shareholders' meeting of the five companies, the news naturally spread.

So cool!

The Hong Kong capital market was in an uproar, and then the share price of Wheelock Shipping began to plummet.

From the circumstances of the extremely rare general meeting of shareholders among these five companies, many people know that the troubles for Wheelock Shipping are just beginning!

PS: Just one update today, the little nephew has a sudden high fever, and he is still taking care of him. I don’t know how many points I will get tonight.

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