Technology: Start by selling mobile phones

Wei Zhengnan is definitely one of the core founders of BOE.

Although his position in BOE is not as strong as that of Papa Ma in Alibaba and Brother Qiang in JD.com, he has still accumulated enough prestige in the board of directors by leading BOE to survive and break out of tight siege over the years.

so……

Even though the request made by Wei Zhengnan at this moment was a bit excessive or even outrageous, Director Wang from HK hesitated for a moment and finally nodded.

"Director Wei, although I don't fully agree with your point of view, I respect and trust your decision. In principle, we can agree to transfer 5% of the shares to Nietzsche free of charge in exchange for the 'OLED flexible folding screen' Use patents.”

"but……"

As he spoke, he paused and changed the topic:

"But this matter has become a 'major business decision of the company'. Even if our board of directors agrees, it still needs two-thirds of the votes of all shareholders at the shareholders' meeting to pass it..."

"Are you sure other shareholders and small and medium investors will agree to this proposal?"

After the words fell, the other directors present were stunned for a moment, and then nodded.

Generally speaking, resolutions passed at the board of directors of listed companies can basically be passed at the shareholders' meeting. After all, the vast majority of investors will not interfere with the normal decision-making of the board of directors.

But this time things were completely different.

When other listed companies introduce strategic investors and partners, the most humble way is to transfer at a discount. After all, the transferee company has to pay some costs.

But now what about BOE versus Nietzsche?

That's a free transfer of 5% of the shares to Nietzsche, and Nietzsche doesn't have to pay a penny!

To put it harshly, this is cutting off one's own flesh, harming the interests of all shareholders, large and small, and collecting 5% of the shares to give to Nietzsche!

Let me ask, who is willing to give away shares to Nietzsche for free? !

Once the matter becomes fermented and small and medium-sized shareholders collectively boycott, it is entirely possible that the matter will not be passed at the shareholders' meeting.

Wei Zhengnan also had a rare flash of worry in his eyes, such a situation might indeed happen.

Not long ago, Ms. Dong of Gree Electric Appliances proposed a resolution to acquire "Yinlong New Energy" company at a premium of 6 billion at the board meeting, and the board of directors approved it.

But when the content of the resolution was exposed, it immediately aroused strong opposition from all "Gree Electric Appliances" shareholders - As an air conditioner, why did you spend so much money to acquire a new energy company at a premium? Are there any benefit transfers?

finally,

Under the huge public opinion, the vast majority of small and medium-sized investors and investment institutions voted against the acquisition, and the resolution on the acquisition was ultimately not passed at the shareholders' meeting.

Ms. Dong’s prestige in Gree is not low, but facts have proven that when their own interests are truly harmed, shareholders will not sit back and wait for death, but will choose to vote with their feet.

This free transfer of 5% of the shares will only be more topical than the Gree acquisition incident, and Wei Zhengnan is not fully sure of what kind of public opinion it will eventually cause.

At this moment, Director Li, who flew over from Shanghai specifically as the director representative of Ping An Insurance, also regained his composure, looked at Wei Zhengnan and said:

"Director Wei, not only the shareholders' meeting, but also the China Securities Regulatory Commission... Our equity transfer agreement must be approved by the China Securities Regulatory Commission. Will the China Securities Regulatory Commission allow us to transfer our shares to Nietzsche for free?"

"Maybe, they might think that we are engaged in profit transfer and directly stop our transactions."

Everyone expressed their opinions one by one, both subjective and objective. The purpose was naturally to shake Wei Zhengnan's thoughts.

but,

Wei Zhengnan took a deep breath. Whether it was the shareholders' meeting or the supervision of the China Securities Regulatory Commission, he had actually considered these difficulties in advance.

After a moment, he coughed lightly and looked around at everyone, his eyes becoming firm.

"Everyone, I know all the difficulties everyone mentioned, but this time I am determined to attract Nietzsche to become our 'strategic shareholder'. Even if there are all kinds of difficulties, it all depends on man-made efforts!"

"Okay, since everyone agrees on this matter, let's do this. The secretary will sort out the resolution in a while, and then announce today's resolution to the public."

At this point, several directors present looked at each other and swallowed all the words.

Since Wei Zhengnan and Mr. Wei have already said so, let’s do what he said.

Soon, the board meeting ended, and at 7 o'clock that evening, the compiled resolution appeared in the company's major announcement. In just ten minutes, it immediately attracted huge attention.

Naturally, the first to notice the announcement were the many retail investors holding BOE shares.

Comment areas for financial software such as Snowball and Oriental Fortune.

"What the hell, what kind of announcement is this?! Free transfer of 5% of all shareholders' shares to the Niji Collection Group? Invitation to become its 'strategic shareholder'???"

"CTMD, is the board of directors so smart?! Free of charge?! Want to give our shares to Nietzsche for free?! Absolutely impossible!"

"That's right, it's absolutely impossible! A shady secret, a shady secret! There is definitely a shady secret here, and there is profit transfer! @China Securities Regulatory Commission, I reported it with my real name, and it must be investigated strictly!"

"Yes, yes, it must be strictly investigated! And now it is only passed by the board of directors, and then the shareholders' meeting will vote. Brothers, we have to unite to vote against it this time. There is no way they will pass this resolution!"

"That's right, we have suffered enough losses in the stock market over the years. It is absolutely impossible that these major shareholders are still trying to steal our blood!"

As soon as the news came out, it was no surprise that it immediately aroused heated discussions among many retail investors on the Internet. In particular, retail investors holding BOE stocks were even more excited. They scolded the board of directors and began to call for a vote against the shareholders' meeting.

really,

Although Nietzsche has a good reputation, after all, this is real money and 5% of the shares given to Nietzsche from all shareholders. It is equally distributed to each shareholder. No one wants to lose their own interests.

certainly,

There are also some different voices among BOE’s shareholders.

"I told you to calm down. Mr. Wei has been at the helm of BOE for so many years and has almost never missed a decision. This proposal cannot be made on the fly. There must be some reason. Moreover, the Ni collection team is indeed very strong. ... If we can bring in the Ni collection group, it will be considered a strong alliance, right?!"

"Haha, a strong alliance can give you a 20% discount on the fixed increase. What do you mean by giving it away for free?! I won't agree to anything no matter what! I will sell BOE's shares tomorrow! This is such a scam!"

"Yes, regardless of whether it succeeds or not, I will sell the stock directly tomorrow! I will also sell it at a loss!"

"..."

The voice of reason was quickly drowned in everyone's anger, and some retail investors even began to prepare to run away with their buckets when the market opened the next day, bidding farewell to BOE's stocks completely.

While there was a lot of noise on the Internet, on the other side, large and small investment institutions, private equity, and hot money players in the market who also got the news also held emergency meetings to discuss it.

Compared with the anger of retail investors, these professional investment institutions have directly set their sights on the "Niji Collection Group".

"I propose that we start buying BOE's stocks as soon as the market opens tomorrow morning! Buy as much as we have!"

In Shanghai, at nine o'clock in the evening, the lights in the Goldman Sachs Capital conference room were still bright.

"I agree too! After a long wait, the Ni Collection Group is finally going to enter the stock market!"