Rebirth of the World’s Richest Man

"What we plan to do is that for every tradable shareholder who holds 10 tradable shares of our company, we will receive three shares, and we promise that after listing, we will follow the regulations of the China Securities Regulatory Commission from the date of obtaining listing tradability rights. In addition to not being listed, traded or transferred during the year, we also promise that the number of shares sold through the stock exchange will not exceed 5% of the company's total shares in the second year, and will not exceed 10% in the third year. Can you take a look at this plan?" Chu Beiping He handed the plan to Jiang Xiaobai and gave a brief introduction.

If this share-trading plan is placed in other companies, it will definitely not be that simple. First of all, it involves the shareholding restructuring plan. Many major circulating shareholders will come to visit, such as some securities companies, banks, Even insurance companies, etc., they have to protect their own interests.

These circulating shareholders are different from non-circulating small and medium-sized shareholders. They are all major shareholders and are also involved in this industry. They have great influence. If your plan is not what others want, no one will be willing to do it. .

In this share-trading plan, people must strive for maximum profits. Otherwise, it is impossible for the shareholding restructuring plan to pass the shareholders' meeting. If large circulating shareholders object, the small and medium-sized shareholders will naturally follow suit. All of a sudden, any plan will come to naught.

For example, when the equity restructuring plan of Sany Heavy Industry came out, Chu Beiping inquired about it. The top three shareholders of circulating shareholders, including Shenwan Paris Fund, Fund Hongyang, and CITIC Fund, all sent people to Sany Heavy Industry. While understanding the situation,

Because there was a lot of communication between the two parties in the share-trading pilot program, it was very difficult to implement the share-holding reform plan because it required the interests of the majority of shareholders.

But it's different here with Jiahe Company. When it went public, although there were securities companies underwriting it, Jiahe Company's shares performed very well on the stock market, and the stock price performed very well on the stock market. Basically It can be said that among the circulating shareholders, the largest shareholder is Huaqing Holding Group itself.

The remaining tradable shareholders are all owned by small and medium-sized shareholders.

It’s not that Jiahe Company doesn’t respect these small and medium-sized circulating shareholders in the share reform plan, but it is impossible for small and medium-sized shareholders to form any synergy and be able to participate at the beginning of the share reform. They have to wait until the extraordinary shareholders’ meeting to solicit representatives of small and medium-sized shares. Only when you have your opinions can you participate.

Therefore, as long as Jiang Xiaobai makes the decision, the time for the extraordinary shareholders' meeting can be determined. In addition, it is about the suspension of trading, the time for various matters to be disclosed to the outside world, and the docking with the China Securities Regulatory Commission. A lot of.

But Jiang Xiaobai was not in a hurry. This was not a matter of urgency, and Jiang Xiaobai felt that there were still some problems with this stock reform plan.

"For every ten shares, three shares will be distributed. Where do these three shares come from? Is it a transfer of shares by non-tradable major shareholders, or is it a private placement? Or is it some other way?" Jiang Xiaobai asked.

"Transfer of the major shareholder." Chu Beiping said.

"If you ask me, stocks might as well be cash. It would be better to just distribute cash per share. We are not short of cash. Instead, it is shares. Sometimes it is better to have them in our own hands. Let's do it again. The plan is to directly distribute 20 yuan in cash per share, which will be paid by non-tradable shareholders. In addition, it promises that within three years after listing, the shares will not be traded or transferred to the outside world.

Starting from the fourth year, the total number of shares sold shall not exceed 5% of the company's total shares..."

Jiang Xiaobai looked at the two people and said.

Chu Beiping hesitated and said, "Director Jiang, this plan may not be passed. After all, our company's stock price is still very high. Maybe circulating shareholders are more interested in our stocks."

Zhang Weiyi also nodded and said: "Yes, Director Jiang, if we directly send cash instead of stocks, the plan may not be passed at the extraordinary shareholders' meeting."

Jiang Xiaobai shook his head: "If it doesn't pass, forget it. The next step is to delist. Our company is not short of money. If we can't go public, it won't have any impact on us. Now we don't need to rely on this to expand our influence. It is itself Just a food company.

It’s not like the real estate industry, where we need to get funds from the market. The company’s development limit is not how many times it doubles in the market..."

Jiang Xiaobai had no interest in things like going public without capital. Jiang Xiaobai wanted to make a fortune in silence. Chu Beiping and Zhang Weiyi both knew this in their hearts. When Jiang Xiaobai said this, they both The people looked at each other and immediately fell silent.

From their point of view, the biggest obstacle to the split share structure is not the circulating shareholders. As long as Jiang Xiaobai is willing to let Jiahe Company shareholding reform, Jiahe Company will definitely be able to succeed, because the conditions of Jiahe Company are determined. it's here.

But now it seems that Jiang Xiaobai is not very interested in this share split. Although he has no objection, he has no support. To put it simply, he has a dispensable mentality.

This is also Jiang Xiaobai's consistent style. Otherwise, with so many companies under the Huaqing Holding Group, not only one Jiahe Company would be listed in the country.

Many companies are qualified to be listed in Xiangjiang, or even listed on domestic stock exchanges, but Jiang Xiaobai has never mentioned this matter.

This is not over yet. Before leaving home and company, Jiang Xiaobai said: "There is another day. This extraordinary shareholders' meeting will take the form of a combination of online and offline voting, with on-site voting and online voting. , to review the "Company Equity Split Reform Plan\

,"If it can obtain the voting rights represented by more than four-fifths of the shareholders present and shareholders of tradable shares, the plan will be passed. Otherwise, if some people have different opinions, the share reform will be forgotten. "

Jiang Xiaobai's words have once again made the split-share reform plan more difficult. Normally, more than two-thirds of shareholders can vote to pass it, but Jiang Xiaobai set a four-fifths vote. Passed, the difficulty increased not just a little bit.

"Director Jiang, this four-fifths is too much. Others ask for two-thirds, and the China Securities Regulatory Commission doesn't ask for so much..." Chu Beiping chased him to the door and asked.