Reinventing the Millennium.

Chapter 290 The Comer Is Not Kind (Two in One)

"Is Washington Mutual a big bank?"

"The scale used to be relatively small, but it has developed rapidly in the past ten years. They do housing mortgages, insurance, and financial services. Housing mortgages should be the largest proportion of business."

"Mr. Kong, you have made great contributions to the MIGI Fund, and you are the number one contributor to this acquisition!"

At 03:30 in the morning in the capital, Fang Zhuo praised Kong Yu on the phone without hesitation.

Kong Yu was helpless for a while, he was almost sunk to the bottom of the Pacific Ocean before, and now he is President Kong again!
"Apple's acquisition really helped, and we have all the materials. We should be able to get the money within a week. Mr. Fang, how are you doing?"

With the contact of one bank after another, Kong Yu has nothing else. He has all kinds of materials such as market analysis, company development, and competition judgment. .

"I should be fine here." Fang Zhuo was quite emotional in the dead of night in the early morning, recalling what he saw and heard today, he couldn't help feeling emotional, "I was eighteen that year, and I stood like an idiot."

Kong Yu: "???"

Where did Mr. Fang stand like a minion when he was eighteen?

Did it turn out to be an enemy with Sina a long time ago?
Kong Yu didn't ask, thinking that the call could be ended after reporting the news.

Fang Zhuo didn't mean to hang up, and still sighed: "I remembered that Ma Huateng said that he met Li Zekai when he was short of money. It seemed that he was in Xiangjiang, and the other party was full of stars, like a star. The two met in a hurry and only chatted for a while. meeting."

Kong Yu felt the smell, the co-author boss was wronged today?
He said cautiously: "Boss Fang, it's okay. They will get our help in a few days, and Sina will get better, and everyone will get better."

Fang Zhuo became happy: "Yes, it will get better."

Kong Yu breathed a sigh of relief, and told the boss again, and finally ended the call.

He was in Washington during the day and had a lot of procedural business to go.

The next day, Fang Zhuo, who received the best news, went to Sina Wang Yan's dinner party.

A few days before the shareholders' meeting, people from different circles in Sina were exchanging feelings. This time, Wang Yan introduced Fang Zhuo to a middle-level and high-level person in charge of specific business.

Wang Yan has his own considerations in his heart. Although Yi Ke is currently holding the position of non-executive director, Fang Zhuo also has his own business, but there may not be further cooperation in the future.

Now that Fang Zhuo can get in touch with people from Sina, it's not too deliberate, it's just a way of meeting and chatting.

"Mr. Fang, let me introduce you. This is Wang Gaofei, the vice president of our Sina wireless business." Wang Yan saw the president of Yike striding forward, got up and introduced with a smile.

"Mr. Wang, I have admired your name for a long time. I have admired your name for a long time." Fang Zhuo nodded and shook hands.

Wang Gaofei's handshake was very strong, and he smiled at the young CEO's perfunctory politeness. How could he have admired his name for so long?
However, this idea quickly changed with the content of the chat.

Wang Gaofei is a serious graduate. He studied computer science at Peking University. Since he joined Sina, he first worked in the R&D center and later took charge of part of Sina's wireless business.

The wireless business is an emerging field this year, and many domestic companies are exploring it, as is Sina. However, due to some internal disputes, it has not yet received due attention.

At the very least, Wang Gaofei believes that wireless services should be placed first at present.

Therefore, when Fang Zhuo talked about his optimism about the wireless business and his thoughts on wireless value-added, Wang Gaofei immediately felt that there was a common language.

The meal that was originally just a small talk turned into a discussion on business direction.

Fang Zhuo has done a lot of homework for wireless value-added recently, and also asked his own registration network to try to communicate with operators. Coupled with the inference of the field of direction, his words are very instructive.

Without hesitation, wireless value-added services will be the focus of the portal's profitability in the next two years.

This kind of judgment is nothing to say, because the promotion of the company's business is not due to Wang Gaofei, or even Wang Yan who is next to him, but the authorization of Sina's board of directors after a unified understanding.

Wang Gaofei didn't think too much about it, and felt that he was worthy of being a character who could be on TV at a young age, and he really had something in his stomach.

Wang Yan felt that this small meal was not in vain, and once again realized Fang Zhuo's ability.

As for Fang Zhuo, he also found it quite interesting, he never expected to meet the future Mr. Jia on such an occasion.

The dinner atmosphere was very pleasant, and each of the three felt quite rewarding.

After another day like this, Wang Yan made a small round again, and this time he replaced a middle-level executive who was in charge of other businesses.

Fang Zhuo talked about Sina business equally.

It's a pity that this person's positioning is different from Wang Gaofei's. He is pragmatic and not realistic, which is not the type that Fang Zhuo admires.

This evening's dinner ended a bit late, and Wang Yan drank a little too much.

In the end, he pulled Fang Zhuo drunkenly: "Boss Fang, Sina's stage is huge, and I hope to have the opportunity to work with you in the future."

It was the first time for Fang Zhuo to hear such a clear request from Sina people, and he couldn't help but slapped the CEO's arm with his backhand, eagerly responding: "Definitely! Definitely!"

Wang Yan laughed out loud, really admiring the young president.

Fang Zhuo had a wonderful sympathy in his heart, and he admired Xiao Wang very much, thinking that he belonged to the more enlightened side.

After the dinner for two consecutive days, Fang Zhuo politely declined the follow-up invitation, and finally confirmed the availability of funds and the procedures.

Washington Mutual Bank did not make any mistakes, and released the loan after confirming that it was correct. Because the equity liquidity of non-listed companies is not high, the money that Fang Zhuo can pledge is 1500 million US dollars after a discount.

In this way, the NetEase and Sohu stocks held by the MIGA Fund do not need to be realized for the time being, and are still used as alternative funds to meet contingencies.

The legal team of New York-based Cadwalader Law Firm in charge of the acquisition booked a plane ticket and was preparing to arrive in Beijing before the Sina shareholder meeting. They had obtained the acquisition permit from the US Securities and Exchange Commission (SEC).

At the same time, the people responsible for attending the Sina shareholders meeting of the MIGA Fund have already sat on the flight to Beijing one step ahead, and they will obtain new seats on the board of directors according to the process.

As for the new director who also reached a consensus, Yike Investment arrived in Beijing on June 6 and came to the boss.

This time, Fang Zhuo will not join the board of directors in order to be a non-executive director of Sina. His wholly-owned Yike Investment will have a representative sitting in this position to implement the company's will.

Soon, the hotel where Fang Zhuo stayed in the capital ushered in wave after wave of people, and everyone was silently waiting for the dust to settle on Sina's shareholder meeting this year.

On June 6, Sina's 10 Annual General Meeting of Shareholders was held in Beijing.

Fang Zhuo and others attended the meeting.

The weather is fine and the mood is serious.

This kind of mood reflected on the face looked a little too solemn.

"Boss Fang didn't sleep well yesterday?" Wang Yan came over to say hello, laughing and teasing the young CEO's dark circles.

Fang Zhuo smiled slightly and exchanged a few pleasantries.

Wang Yan intends to strengthen the relationship with each other, and said kindly: "Mr. Fang, let's go. Over there is Davis from the MIGA Fund. I will introduce you to each other."

"No, it's my first time attending a shareholders' meeting, and I'm a little nervous." Fang Zhuo declined politely, "This is my sister, and I happen to be sitting here to educate her about company equity."

Wang Yan nodded, glanced at the skinny girl, gave her a friendly smile, and turned to leave.

"Brother, is this the CEO of Sina?" Zhao Suqi asked in a low voice.

Fang Zhuo also replied in a low voice: "Well, he is a good man."

Zhao Suqi arrived in the capital yesterday, and has already observed some acquisition operations. At this time, seeing the CEO of Sina, who introduced Yike Investment, who does not know the number but can be ranked in the forefront, I really feel that the reality is quite magical.

"Listen more and talk less, the shareholder meeting is actually quite boring." Fang Zhuo said.

Zhao Suqi nodded silently. Although she heard what her brother said, she saw something strange in her eyes, especially after knowing that the MIGA Fund was her own, and seeing the people coming and going around the foreigners over there, her house was deserted...

It turns out that the phrase "foreign monks like to chant scriptures" can be so vivid!
Zhao Suqi has a deep understanding of the word "packaging".

At nine o'clock in the morning, the shareholder meeting of the listed company Sina officially began. Duan Yongji, the co-chairman of the board of directors, and Mao Daolin, the company's president, delivered speeches successively.

Sina's past situation, future development, major company events, current company stock price, shareholder proposals, etc.

After the two speeches, the executives made long or short speeches, referring to the data of many companies.

After half a day in the morning, the content of the speech mentioned a lot of undisclosed news about the second quarter of 2002.

However, Mr. Fang Zhuo, the president of Yike Investment, was a little dissatisfied with the failure to explain the cooperation with Sunshine Culture. He expressed his attitude directly to Wang Yan at noon.

"Sina and Xiangjiang Sunshine Culture's cash + equity replacement cooperation cost a lot of money. Wu Zheng of Sunshine Culture is still the co-chairman of the board of directors. Why didn't you mention the effect of this cooperation?"

Wang Yan also made a speech this morning. Faced with this kind of questioning tone, he smiled helplessly: "Many people feel that they can still observe and observe."

Fang Zhuo said flatly: "Not even talking about it at the general meeting of shareholders is disregarding the rights and interests of shareholders."

He added: "It is necessary to ask Mr. Duan and Mr. Mao about this question."

Wang Yan shook his head, and said half jokingly: "Don't ask, Mr. Duan is rather headstrong. If you ask, don't blame me for not reminding you if you can't pass the director's proposal this afternoon."

Fang Zhuo frowned.

Wang Yan smiled: "At least it's after today. After the afternoon, when the proposals have been voted on, Yike Investment is now a director of Sina, and has voting rights."

Fang Zhuo nodded: "Boss Wang and I see the same thing, um, it's me, Meng Lang."

The noon exchange didn't last long, Wang Yan had something to deal with, and Fang Zhuo also had a lot to think about.

Most of the affairs of the general meeting of shareholders go through a process. The work that really needs to be confirmed and discussed has been completed in the previous few days. What needs to be done now is to make these matters conform to legal principles.

The company's annual general meeting of shareholders is witnessed by lawyers throughout the process, and legal opinions will be issued, and the resolutions formed by it will be signed by the shareholders or representatives present at the meeting, and the minutes of the meeting will also be signed by the directors and secretaries present at the meeting.

In the afternoon, halfway through as usual, the voting on the non-executive director seat of Yike Investment and the director seat of MIGA Fund was completed in a flat manner. Fang Zhuo, as the president of Yike Investment, only came to the stage to show his face.

The meaning is to tell everyone who this emerging non-executive director represents.

However, as the evening approached, unplanned inquiries popped up.

A minority shareholder took the microphone to ask the board of directors on the stage.

"Didn't Sina cooperate with Sunshine Culture last year? Why haven't you heard the evaluation of this contract today?"

According to the law, the directors, supervisors, and executives of the company should attend the general meeting of shareholders and accept inquiries from shareholders. This is a protected legal right.

However, this question made Duan Yongji, who had just spoken, angry, and he was scolded all the time.

"You small shareholders are here to make trouble!"

"Is it possible to see the effect of cooperation in a day or two? Playing the piano!"

"Sina wants to be a media, develop media content, and develop new directions. Do you understand this?"

Duan Yongji's status is here, and his merciless display of posture made the small shareholders who asked the question sit down submissively.

This scene made Fang Zhuo call "good guy" in his heart, all the people sitting on the stage are fathers, and the minority shareholders have become sons!

I don't know if it was an illusion, but he also felt that Wang Yan, who was also on stage, looked over, as if saying, "Look, let me tell you."

Shareholder inquiries were not resolved, and the shareholders who raised the issue were resolved.

In this way, the general meeting of shareholders continues.

At six o'clock in the afternoon, the resolutions were signed and became legally effective.

In other words, Sina officially added two seats to the board of directors this year, which were obtained by Yike Investment and MIGA Fund respectively, and the odd number of nine directors is still maintained.

At the same time, Sina's management has not changed much. The company's president is still Mao Daolin, and the CEO is still Wang Yan.

According to the concluding remarks of the chairman of the board, Sina will consolidate its leading position in domestic portal websites in the next year, actively explore the attributes of online media, and strive to make the company profitable.

All in all, the general meeting of shareholders came to a successful conclusion in the eyes of many people.

Wang Yan originally wanted to take Fang Zhuo to drink after the meeting, but after chatting for a few days, he found the figure who left the meeting in a hurry, thinking that the other party might have something to do, so he didn't stop.

The night was calm, and the resolutions of Sina's shareholder meeting came into effect quietly.

On Tuesday, June 6, the trading volume of Sina stock in the US stock market fluctuated, and the stock price was also slightly raised.

Near noon, Sina received a placard notice from MIGA Fund, and the shares held by the other party jumped from 5.4% to 18.5%, becoming the largest shareholder.

At the same time, Davis, the new director representing the MIGA Fund in the company, proposed to convene an extraordinary general meeting of shareholders, requesting to resolve major issues involving the interests of the company and shareholders.

One day later, just one day later, the MIGA Fund suddenly made an effort to aggressively increase its holdings of Sina stock regardless of the cost, and demanded an extraordinary general meeting of shareholders non-stop.

Sina's shareholding institutions, shareholders, directors, executives who just participated in the shareholders' meeting on June 6...all were shocked!
You don't need to communicate, just look at the operation of the other party to realize one thing, this MIGA fund is not good!
(End of this chapter)