Huayu Zhihao

Chapter 1069
"Chen Dong, you are here!"

"Chen Dong, hello!"

Chen Hao looked at the three women in front of him and frowned.

The first person to speak was Li Ming's wife, Jin Yan, followed by Li Ming's elder sister and younger sister, Li Li and Li Ping.

Even if Li Ming hadn't told Chen Hao before that there was a gap between his wife and sisters, he could tell at a glance now.

Of course, the greater possibility still involves huge interests.

After all, just over a month ago, in November 1, Huayi also issued an acquisition invitation to Pony Feiteng, intending to acquire the other party at a price of 2013 billion yuan.

However, this invitation was eventually rejected by Li Ming.

But Li Ming's sudden death made Xiao Ma Feiteng suddenly become more subtle.

The subtlety lies in who will succeed the chairman and control the company after Li Ming's death.

In other words, the most logical one should be the widow Jin Yan, but the problem is that Jin Yan had never participated in any affairs of Pony Feiteng before that. She didn't have any shares, but only ran her own vegetarian restaurant.

But Li Ming passed away too suddenly without any will, and what was even more difficult was that Li Ming didn't have complete control over Pony Feiteng at all.

Pony Feiteng is a very typical family business. Li Ming is the chairman, sister Li Li is in charge of finance and personnel, and younger sister Li Ping is in charge of Remington Advertising Company, which has made a fortune.

My brother-in-law is the general manager of the TV drama company. Of the 6 subsidiary companies, 4 of them are in charge of my own relatives, and only 2 are led by outsiders.

At the same time, Pony Feiteng's shareholding structure also has considerable problems.

小马飞腾的股权由李铭的3%、李丽的5.2%、李平的4.4%，小马投资的45.33%和其他的42.06%构成。

Li Ming's direct control of the shares only accounted for 3%, which meant that he did not even have the right to initiate a shareholders' meeting on his own!
However, Li Ming's control and management of Xiaoma Feiteng must be realized through Xiaoma Investment Company.

However, in Xiaoma Investment, Li Ming only owns one-third of the shares, and Li Ming has no actual control over Xiaoma Investment.

Li Ming's sister Li Ping unilaterally holds 50%, and there is a 5:[-] equity balance setting situation.

Under this shareholding ratio model, the internal governance of Pony Investment Company and the management of Pony Investment Company require at least a consensus between Li Ping and either Li Li or Li Ming.

Although Li Ping has a veto power, he still has no unilateral decision-making power, and the equity control of Pony Investment can easily enter a deadlock.

At the same time, even including the equity in Xiaoma Investment, Li Ming's shares in Xiaoma Feiteng are only 20%, which is lower than that of Li Li and Li Ping!

The three accumulatively hold about 58% of Pony Feiteng, forming a three-person joint holding model.

On the one hand, according to the relevant provisions of the "Company Law", the shareholders' meeting is the highest decision-making body of the company. In the absence of special provisions in the company's articles of association, ordinary voting matters shall be passed by a majority of more than one-half of the voting rights.

For matters such as amendments to the company's articles of association, capital increase and reduction, mergers and divisions, etc., more than two-thirds of the voting rights must be passed.

Judging from the equity structure of Pony Feiteng, the actual controllers of Pony Feiteng are Li Ming, Li Li and Li Ping, and the shareholding ratio is dispersed.

Other shareholders, such as CCB Culture, Haotian Films, etc., still have relative control over Pony Feiteng Company, and can veto important matters of the company by uniting with other shareholders.

On the other hand, among the joint controllers, it is certain that the community formed by the three, after Li Ming's death, Jin Yan, as his spouse, does not automatically enjoy the decision-making power in the community.

This point can also be seen in the subsequent lawsuits between the two parties. Li Li and Li Ping said that Li Ming's shares were held by them on behalf of them and had nothing to do with Jin Yan.

After Li Ming's death, Jin Yan became the chairman of Pony Feiteng.

Moreover, even though Jin Yan became the chairman of the company, she has no equity in her hands, and Li Li and Li Ping are in charge of the company's key departments and subsidiaries, making Jin Yan completely unable to control the company.

The disintegration of the community has become the direct fuse of the competition for the control of Pony Feiteng's equity.

In addition to Li Ming, Li Li and Li Ping's equity, among the other 42.06% of the equity, Jianyin Culture holds the most shares, accounting for 15%, and is the second largest shareholder of the entire Pony Feiteng.

In addition, in other equity interests, Haotian is second only to CCB Culture. Haotian’s equity consists of two parts, one is 3.33% of Haotian Films, and the other is 7.5% of Haotian Film and Television, totaling 10.83%.

As the head of Haotian, Chen Hao is the fourth largest shareholder of Pony Feiteng.

Jin Yan, Li Li and Li Ping took the initiative to welcome Chen Hao. Apart from etiquette, the 10.83% equity in their hands was also an important factor.

As the company's fourth largest shareholder, Chen Hao's support is still very important for who can sit on the chairman's seat of Pony Feiteng.

"My condolences!" Chen Hao said to the three women, "I'll go in and have a look first."

The three of them bowed slightly in return, then watched Chen Hao leave, frowning slightly, then looked at each other, and then moved away.

Chen Hao came to the corpse, bowed to express his condolences, then looked at the former dog brother, and couldn't help shaking his head. He really didn't know which would come first, tomorrow or the accident.

What's even more uncomfortable is that Chen Hao also knows Xiaoma Feiteng's future fate, the sister-in-law dispute, the exposure of the gambling agreement, the loss of core talents, the failure of the transfer, and the forced auction.

In other words, after becoming the chairman and general manager of Xiaoma Feiteng, Jin Yan made many attempts, such as promising to raise everyone's salary and stabilize the morale of the army.

In the end, it was rejected by Li Li, the company president in charge of finance.

Then, in order to retain the core talents, Jin Yan wanted to implement the decision of Brother Gou to reward the core talents and team options of the branch company, but was rejected by Li Li, who held Li Ming's shares on behalf of her.

Furthermore, Jin Yan carried out Li Ming's previous decision to introduce a new round of investors - Chinese Cultural Industry Investment Fund.

Jin Yan and CMC have reached an agreement, CMC will take over Pony Feiteng, and the rest of the shareholders will leave the market, with a valuation of 36 billion yuan.

However, shareholders such as CCB Culture offered a psychological price of 42 billion yuan.

However, after due diligence by CMC, the final valuation was no longer 36 billion.

It’s just that Pony Feiteng was once valued by Huayi as high as 54 billion yuan, which caused shareholders to have their own thoughts and feel that the price was low, so they did not accept the new bid from Huaren Culture in the end.

During Jin Yan’s time at the helm, in addition to China Culture Fund, other executives also introduced Wasu Media’s acquisition of Xiaoma Feiteng, which offered a valuation of 30 billion yuan. Some industrial funds from Hebei Province and Hubei Province also came to discuss investment, but in the end Neither worked.

The reason for the failure of the investment is that, on the one hand, the shareholders of Pony Feiteng are unwilling to compromise on the valuation. On the other hand, the company's shareholding structure is chaotic and the opinions of the decision-makers are not unified, which also discourages investors.

Finally, at the shareholders' meeting in October 2014, Jin Yan made her last effort in her tenure. She borrowed 10 million yuan herself, and gave the company a valuation of 7 billion yuan, planning to repurchase all external shares.

But the dramatic thing is that a few days later, the company's shareholders directly took away the official seal of Pony Feiteng from the company without authorization, and the originals and copies of all business licenses of Pony Feiteng and its subsidiaries disappeared.

Then, CCB Culture teamed up with shareholders Li Li and Li Ping to dismiss Jin Yan as chairman.

At the same time, family civil strife and unclear equity also made the team turbulent.

Li Ming once agreed to give core backbone talents equity incentives in Xiaoma Feiteng and its subsidiaries, but this was denied by Li Li.

Then, Cui Liwei, the general manager of Pony Feiteng Theater Company, and Kong Ergou, a famous screenwriter, were poached from Huayi Brothers Brokerage Company with a high salary. Zeng Pengyu, general manager of the company.

Zhong Lifang, Xiaofei Feiteng's "left brain" and former vice chairman, chose to leave one after another in the face of this situation.

The most important value of companies in the film and television industry is talent. After many talents left Pony Feiteng, the value of Pony Feiteng fell again and again.

The direct impact of the loss of talents on Pony Flying is like drawing the bottom from the pot and plummeting like an avalanche.

In the end, there was no winner, Xiao Ma Feiteng went bankrupt and liquidated, and lost everything.

Jin Yan, Li Li and Li Ping will have a total of 6.53 million debts to repay.

And the CCB culture, which has a strong sense of existence in the ups and downs of the pony, naturally suffered a lot.

Pony Feiteng was the first investment of CCB Culture, and the price was 4.5 million yuan. At that time, the total amount he controlled was only 15 billion yuan, which shows that he was taking a big gamble.

In the end, Pony Feiteng was auctioned for 3.8 million yuan. How much can CCB Culture get back?
……

After the worship, Chen Hao frowned slightly and walked out. Along the way, he met many people who came to worship, such as Yu Dong, Wang Changtian, Wu Baige and so on.

Afterwards, everyone got together and chatted about Pony Feiteng.

Li Ming is Chen Hao's friend, and he is a righteous person, Chen Hao is willing to help.

Just looking at Xiao Ma Feiteng's later situation, Chen Hao wondered if he would be considered by them as a trick to steal if he offered to help.

To be honest, Pony Feiteng is still very valuable at this time. After all, Huayi is valued at 54 billion, and after Li Ming's death, there are still many companies that have given a valuation of 36 billion or 30 billion.

However, Chen Hao didn't take Pony Feiteng seriously.

Just out of friendship and wanting to help.

But whether Jin Yan, Li Li and Li Ping think so is hard to say.

Don't be so kind as to be treated like a donkey.

"Brother, you, Haotian, are the fourth largest shareholder of Pony Feiteng, what are you going to do?" Yu Dong asked, and at the same time motioned to sisters Jin Yan and Li Li who were picking up the guests.

Obviously, everyone can see, or can imagine, that there are many grievances and grievances in the wealthy family, and the sister-in-law dispute may be inevitable.

Chen Hao thought for a while and sighed, "Li Ming and I are brothers and friends, but now it seems to have become a family dispute, which makes it really difficult for me to handle.

Now I can only support my sister-in-law as the chairman of the company. As for other business aspects, I can help, and I can also help take care of Brother Li's children. "

Everyone nodded when they heard the words, Haotian is too big, it may not be impossible if they really want to eat the pony Feiteng, but they are afraid that people will say that they are in danger.

The best way is to help if you can, and let him go if you can't. It is right to take care of Li Ming's family.

As soon as Chen Hao finished speaking, Jin Yan came over and said, "Chen Dong."

"Sister-in-law is being polite, just call me by my name." Chen Hao said.

Jin Yan said, "Chen Dong, you are Li Ming's former friend, and he still needs your help."

"It should." Chen Hao said, "I will help if I can."

As soon as Jin Yan left here, Li Li walked over.

It's also a simple greeting, thank you for your help, but I didn't talk about the company's affairs, so I guess it's hard to talk about it now.

In the next few days, the news of Li Ming's death spread throughout the industry and the media. Everyone was shocked, and they were also very interested in the future of Pony Feiteng.

Many people in the circle also mourned Brother Gou.

And after everything was arranged properly, there was already a fund company that wanted to take over Pony Feiteng.

At the same time, the VAM agreement between Li Ming and CCB Culture was also exposed.

The VAM agreement is Li Ming's promise to guarantee that Xiaoma Feiteng can be listed before December 2013, 12, otherwise the actual controller of Xiaoma Feiteng will buy back the shares of Xiaoma Feiteng held by CCB Culture in one go.

The value of this repurchase agreement is 6.53 million yuan, of which Jin Yan, as a widow, was sentenced to repay 2 million yuan of it.

Jin Yan is helpless about this, because she has never participated in the company management of Pony Feiteng before, and she has no knowledge of this gambling agreement.

Moreover, the 4.5 million yuan of CCB Culture has not been used by her family, so she does not recognize the debt and plans to file a lawsuit.

However, the more important thing at this time is to regain the control of Xiaoma Feiteng. After all, compared with 2 million, Xiaoma Feiteng's shares are undoubtedly more valuable. .

In the competition for control of the company, the first person to bear the brunt is the chairman of the company.

At the company's shareholders meeting, Haotian clearly expressed support for Jin Yan to take over Xiaoma Feiteng's chairman and general manager, and most other shareholders also supported, so Jin Yan took over Xiaoma Feiteng 2 weeks earlier than in her previous life.

As for the next sister-in-law dispute, Chen Hao no longer cared about it, but returned to Bincheng, preparing to continue shooting his own movie.

"Finished with Li Ming's matter?" The sweaty little fox said weakly.

Chen Hao sighed while stroking Xiaohu's slippery skin, "Yes!"

"I didn't expect him to be in his 40s!" Xiaohu turned sideways, put her beautiful legs on Chen Hao's body, and put her right hand on Chen Hao's abdominal muscles, stroking around.

"47 years old!" Chen Hao said.

"Life is less than 100 years, so it's better to have fun in time." Xiaohu said with emotion.

Chen Hao smiled when he heard the words, "Then were you happy just now?"

Xiaohu laughed foolishly when he heard the words, "I'm crazy about music!"

"Hahaha..." Chen Hao laughed loudly after hearing this.

After the little fox gave Chen Hao a white look, he said, "By the way, you can tell the costume team tomorrow that my costume is broken, and I need another one."

Chen Hao smiled and nodded when he heard the words, "I'm afraid one is not enough, let them buy a few more!"

"Bah, you're addicted to playing, right?" Little Fox said angrily, "If you have the ability to make me wear a real wedding dress!"

(End of this chapter)