Technology: Starting from selling mobile phones

Chapter 228 Fixed increase? ! No, transfer for free!

BOE is a listed company in China, and the core and highest decision-making department in a listed company is the board of directors.

To put it bluntly,

From external investment to the company's internal operating policies, management, dividends, and protection of share rights, all decisions are made by the board of directors.

As for the composition of the board of directors, in addition to the executives responsible for managing the company's business activities, there are also director representatives from the top ten shareholders and major investment groups.

Just like BOE's board of directors.

The top ten shareholders of BOE are GZW holding 10%, HK Settlement Center holding 5%, and Ping An Insurance holding 4%...

When these major shareholders invest in BOE, they generally will not be interested in the ownership of the company, nor will they participate in the company's daily operations. Their investment purpose is mainly to obtain annual profit dividends through investment in the company.

of course,

Although they generally do not participate in company operations, it does not mean that they do not care about anything. Major investment groups will send a director representative to the board of directors to keep an eye on the development of the company, especially some major decisions, so as to protect their own rights and interests.

For example, after Wei Zhengnan decided to convene a board of directors this time, the director representatives of the three major shareholders of the investment group were notified of the meeting as soon as possible.

Actually,

This kind of cooperation between BOE and Nietzsche is a normal business operation between companies. It is not a major decision, and naturally it does not need to be reported to the board of directors.

As senior personnel involved in BOE's management on a daily basis, they have naturally known about this situation for a long time.

"I believe everyone already knows that we recently provided an OLED flexible folding screen for the Nietzsche mobile phone... Yes, it is the folding screen on the very popular Nietzsche 'T-ONE' folding screen mobile phone!"

Director Wang from Hong Kong also nodded slightly. Even in Hong Kong, he noticed the "T-ONE" mobile phone through INS, Twitter and other media.

"However, it is indeed a very urgent matter to ask everyone to come here this time, and it is even related to the future development of BOE..."

"And today's 'board issue' is precisely because of this matter."

"In other words, we are actually just an 'OEM' player, and the most important core technology patent is still in Nietzsche's hands!"

When everyone heard this, they nodded slightly.

As real business elites and real high-end people, they have naturally noticed the 'T-ONE' folding screen mobile phone that has been very popular on the Internet recently, is very expensive, and is indeed very practical in the business field.

"I'm very sorry for calling everyone here in such a hurry to convene the 'temporary board of directors', especially Director Wang who flew here from HK, and Director Li who flew here from Shanghai. Thank you both for your hard work!"

but.

Are you kidding?

The top OLED screen leading company in the country and the top five screen panel giants in the world produce OLED folding screens. The core production technology is not its own? !

Compared with the surprise of the three director representatives, the remaining senior management directors seemed much calmer.

In the grand multimedia conference room of BOE headquarters, nine directors and chairman Wei Zhengnan, a total of ten people, all arrived on time.

This is not because Wei Zhengnan deliberately concealed the three director representatives of the investment group.

January 1th, 15 am.

After Wei Zhengnan briefly exchanged greetings with several independent directors and representatives of major shareholder directors, he immediately started the meeting and entered the topic.

"but……"

what? !

Director Wang from HK and two other board representatives present were stunned for a moment, their eyes suddenly full of disbelief.

As he spoke, he paused and saw the three director representatives and two independent directors present looking at him intently, and then said:

At this moment, Wei Zhengnan's eyes flashed with helplessness:

"However, it is a little different from what everyone expected. Although this screen is produced by us, the core production technology is not actually ours, but uses the technology patent provided by Nietzsche..."

Wei Zhengnan was surprised to see the three of them, but he still opened his mouth to explain:

"More than half a year ago, we and Nietzsche began to cooperate on the development of 'OLED flexible folding screens', but it took a long time and we have not made a breakthrough in the screen bending stress test."

“In the end, two months ago, it was Nietzsche’s scientific research team who took the lead in finding the solution and entrusted us with production.”

"We didn't think too much. After all, although there are few mobile phone manufacturers helping to improve the screen, it is not impossible; it's just that no one expected Nietzsche's 'T-ONE' mobile phone to be so popular this time, and it even drove this area." OLED foldable screen 'has attracted market attention!"

After saying that, his tone became a little serious and he said seriously:

"So... this time I want to introduce the 'Ni Collection Group' to become one of the shareholders of BOE, so as to obtain their patent authorization, and then produce and sell this top-notch 'OLED flexible folding screen'!" After the words fell, everyone present Everyone understood instantly.

To put it bluntly, this is an exchange of interests.

Nietzsche has patented technology, and BOE allows Nietzsche to become one of the shareholders as a condition of exchange, and the interests of both parties are deeply bound.

After thinking for a while, Wang Dong from HK took the lead and responded with a slight hum:

"I don't think there's any big problem with this plan, but..."

"Chairman Wei, how many shares of BOE are you considering letting Nietzsche get? Also, what is the approximate price of the 'private placement' to Nietzsche?!"

With that said, Director Wang took out his mobile phone and took a look at BOE's latest stock price, and continued:

"Currently our BOE stock price is 2.1 yuan, with a total market value of 920 billion yuan..."

"Under normal circumstances, investors introduced through 'private placement' can discount up to 20% of the stock, that is to say,

The minimum 'additional issuance price' we gave Nietzsche was 1.68 yuan per share... If it were exchanged for 5% of the shares, they would need to spend 37 billion yuan..."

Before he finished speaking, Wei Zhengnan suddenly waved his hand and said:

"I'm sorry, I didn't express myself clearly just now."

"I hope to introduce Nietzsche as a 'strategic investor' to BOE as a 'strategic shareholder', and the way of introduction is not the common 'private placement' of stocks on the market, where Nietzsche spends money to subscribe, but..."

"We transferred 5% of our shares to Nietzsche free of charge, asking him to license our patents and become our 'strategic shareholder'!"

what! !

Free transfer? !

5%? !

Now, let alone several directors and representatives of the investment group, they could not sit still. Even several other independent directors and executive directors looked at Wei Zhengnan in surprise.

To know,

Under normal circumstances, many listed companies will invite high-quality "strategic investors" to join the company and become shareholders. However, in order to ensure the interests of existing investments, they will all use "directional additional issuance" to increase their share capital!

Although there is a 20% discount in this way, the remaining 80% still needs to be purchased with real money!

Therefore, although "private additional issuance" will harm the interests of existing shareholders to a certain extent, it can still be reluctantly accepted!

But now!

Good guy,

Free transfer? !

It doesn't cost Nietzsche a penny, it's all paid for by existing shareholders, and Nietzsche is directly given 5% of the shares? !

Well, even if 5% of the shares are in exchange for Nietzsche's patented "OLED flexible folding screen" technology,

But Director Wang from HK has already calculated it just now. 5% of the equity is worth 37 billion!

What technology is worth 37 billion!

impossible!

Not surprisingly, there was immediate backlash.

"Chairman Wei, this is impossible!"

"37 billion yuan is just to purchase a technology patent. It's hard for me to imagine how many screens we have to produce to earn back this 37 billion yuan!"

"Yes! Director Wang is right. I am also opposed to this transaction. It is obviously very unreasonable and harms the interests of our major shareholders, unless you have more sufficient reasons."

Wei Zhengnan was not surprised by the strong opposition.

In fact, he knew very well that if he had not done well in BOE over the years and had a high prestige, he would have been questioned more than just these two frivolous words.

After a moment, he coughed slightly and his expression became serious.

"Everyone, you own 10%, 5%, and 4% of BOE's shares, but don't forget that I own 15% of BOE's shares. I am the real largest shareholder!"

"I'm not afraid of losing my interests, what are you afraid of?!"

The scene suddenly became quiet, and everyone looked at Wei Zhengnan.

"Furthermore, what you don't know is that just yesterday, Rebus of Xiaomi Group, Mr. Ding of OPOP and Mr. Yang of VIVO, three presidents of the top mobile phone manufacturers in Yan country, came to our BOE headquarters by chance. This ‘OLED folding screen’!”

"They very directly proposed that as long as we provide them with this 'OLED folding screen', they are always welcome to have further cooperation with us... Everyone, I don't need to elaborate on the importance of Xiaomi, VIVO, and OPOP in the industry?"

"Once we can expand our cooperation with Xiaomi, VIVO, and OPOP, we can definitely grab countless orders from Samsung. By then, will 37 billion really not be worth it?!"

After saying that, Wei Zhengnan glanced at the three board representatives with slight disdain.

“Even, I think the 5% repayment is too little!”

"You don't know about Nietzsche, but I know Nietzsche too well! If we can really tie Nietzsche to the chariot of our group, let alone 5%, I would be willing to give 10%!"

The scene fell into complete silence. No one expected that Wei Zhengnan would be so optimistic about the Nepalese collection group!

(End of this chapter)