American Ranch

Chapter 477 Shareholders' Meeting

The meeting room is on the top floor. When Chen Mo and his party came to the company, a staff member led them to the meeting room on the top floor...

Today seems to be the first general meeting of shareholders since the establishment of Hegu Animal Husbandry.There are many shareholders in this company, but there are only 27 shareholder representatives.

Chen Mo is still the chairman of this company, and he sat directly on the chairman's seat, and then he took a large amount of the conference room...

A lot of people came to the shareholder meeting today, and some small shareholders, who were lucky enough to be drawn, also came in to listen.

The opening should be the chairman's speech...Chen Mo took the manuscript prepared by John for him, and read it...It was nothing more than an affirmation of the company's development, and at the same time pointed out some shortcomings...

Then Cohen spoke. He was the CEO of the company, and he opened the form and perused the past achievements of River Valley Ranch.

"There is a Wells Fargo Bank asset appraisal organization's valuation of Hegu Animal Husbandry, which is 26.62 billion US dollars. The valuation includes fixed assets, intangible assets, product patents, etc. There are currently 3.7 million US dollars in the company's account...to ensure the development plan for next year , 1 million US dollars can be used as a dividend this year. Please vote on whether to distribute dividends..." Bright said.

Chen Mo looked at Mo Xi: "I agree to the dividend."

"I also agree..." Moxi and Chen Chen said.

The voting rights of the shareholders' meeting are determined at the early stage of the company's establishment, based on the proportion of shares.The three of them represent 20.00% of the shares and nine point one...

"I don't agree with dividends. Hegu Animal Husbandry needs to develop rapidly, otherwise it will be easily eliminated by the market..." Huafeng Group representative said.

Dividends are also disapproved by Waylon and Barbona, which hold 30.00% of the shares.

Chen Mo was speechless, he didn't expect these three companies to play against him.This shit...

Chen Mo frowned, and looked at the representative of Huafeng Group: "You stand up against it, does your chairman know?"

Wang Zhimin, the representative of Huafeng Group, who is the manager of the strategic development department of Huafeng Group, stood up with a face of embarrassment, bowed to Chen Mo, and sat down quickly.

I go……

Bright smiled: "I am also against dividends."

"be opposed to……"

They are all minority shareholders and shareholder representatives.Including Bright, these people hold a total of [-]% of the shares.

Finally, there was the representative of Nestle, and everyone looked at them: "We are in favor of dividends. As long as the company's development is not affected, there is nothing wrong with dividends." Nestle wants to sell Chen Mo, and hopes that the two parties can continue to cooperate friendly.

In Saint Bernie, the one who controls the overall situation is always the Valley Ranch, and it is Chen Mo.

Now it doesn't matter whether there is St. Bernie in the Valley Ranch.Valley Ranch supplies the entire St. Bernie's forage, the price is super cheap... Even if they sell the forage forage as industrial forage, they seem to be able to make more money.This is a very embarrassing thing...

Comparing St. Bernie to a large cake, if the cake is cut into 33 portions, they, Nestle, eat almost 12 portions.River Valley Ranch has 7 servings.As for the Valley Ranch, they only got less than 3 servings...the rest were distributed to the farmers of St. Bernie.Such a distribution method is obviously unreasonable...

The shares held by Chen Mo and the shares held by Nestlé together exceed one percent.

Bright smiled bitterly: "This time, dividends will be paid in cash. If you hold one share, you can get a share of 1.38 US dollars. Anyone who has any questions can ask now."

"River Valley Ranch and Valley Ranch are going to merge, and now they are paying dividends. Is this to dilute our shares?" The boss of Kalai Ranch stood up and said.

"The merger of the two will open up a certain number of financing shares. If you want to increase your shareholding, you can invest in the new River Valley Farming Company and subscribe for shares." Bright said: "The merger of the two is good for us, and it is more beneficial St. Bernie's development."

"Excuse me, is the merger of the two companies annexing Valley Ranch or Valley Ranch annexing River Valley Ranch. In what form will the company be managed in the future, and will it harm the interests of the current ranchers..."

Brett looked at Chen Mo, then at Moxi...

Moxi stood up: "Valley Ranch is not a philanthropist. But one thing can be guaranteed. After the merger of Valley Ranch and River Valley Ranch, the price of forage will definitely increase, but it will also leave enough profits for the St. Bernie area. At least The profit is 50.00% higher than that of traditional pastures. In the current San Bernie area, the average profit of a fattened Dorper sheep is about 500 US dollars. Such a high profit has already caused dissatisfaction in the market... The merged company will open A financing gap to ensure that the existing shareholders of Hegu Animal Husbandry can buy the shares they want, and then start preparing for the listing..."

Moxi talked about the plan of the new company, integrating the company with all the ranches in the San Bernie area.Residents and ranches in the St. Bernie area, as long as they have money, they can come to buy shares in the new company... At the same time, the new company will also invest in regional ranches, forming a situation of mutual benefit and common development...

The new company raises feed prices, but still leaves enough profit for local farmers, at least much better than pastures in other regions.

圣贝妮这边对牧场的建设标准都做出规定的，有河谷生态体系，1英亩（6亩）土地可以饲养30——36只羊，或者5——7头牛。

Small pastures are all about 3000 acres. A small pasture raises [-] Dorper sheep, and profits of over one million are everywhere.

No one thinks too much money.Now almost every day, people come to San Bernie District to invest in pastures. The extension of San Bernie District has developed more than [-] kilometers south of the Dry River Valley.But look at Valley Ranch, which backs it all up, with little profit...

Then there was another vote by show of hands. Some people were willing to merge, while others disagreed...Chen Mo agreed, TBL Alliance also agreed, and Bright couldn't wish for it...

"Hegu Animal Husbandry Asset Evaluation Report, 26.62 billion US dollars, a total of 7203.2 million shares. Each share is worth 36.95 US dollars. This is the valuation before dividends..." Bright looked at Chen Mo.

This is very embarrassing, and I don't know what standards the Wells Fargo Asset Valuation Department uses to evaluate the valuation.

Valley Ranch has also undergone asset appraisal, and the valuation is only 24.91 billion US dollars.

This valuation is seriously underestimated.In fact, the main reason is that the valley ranch has been in the layout before, and the production capacity has not been released, so the valuation is naturally low.

Asset appraisal has a fixed pattern, not to say how much valuation is given.

The valuation of River Valley Farming is 26.62 billion.The valuation of Valley Ranch is only 24.91 billion.Chen Mo will definitely not accept such a valuation... In the end, the output of the valley ranch in the next three years will be used as the valuation of the valley ranch... that is, the Delai Valley, the Moro Valley, the Santana Valley and the Calabash Valley in the next three years output of...

A total of 7 acres of sweet elephant grass, 2 acres of alfalfa grass, and 1 acres of ryegrass were planted, for a total of 10 acres.The output calculation method is not based on the current output price, but is calculated based on the standard market price...

For 7 acres of sweet elephant grass, sold to paper mills in California, the price of 1 ton of older sweet elephant grass is 147 tons (paid by the ranch).Another example is alfalfa. The market price of a ton of relatively high-quality alfalfa is about 1 US dollars.Only calculate the output, not the cost of production... Give an approximate valuation of 235 billion US dollars.

This is a seriously overestimated valuation, but if the shareholders of Hegu Animal Husbandry do not accept this valuation, Chen Mo will not plan to merge... Even if he only sells pasture at the market price in the future, Chen Mo will still be able to make a lot of money.The benefits of going public after the merger are obvious.There is no loss for Chen Mo if he does not merge and maintain the status quo...

The merger of large companies is very troublesome for companies with split shares.But the merger of River Valley Ranch and Valley Ranch is relatively simple... The Valley Ranch is owned by Chen Mo.There are many shareholders in Hegu Animal Husbandry, and only a few major shareholders are in charge of the right to speak.Minority shareholders have no right to speak, either agree or withdraw their shares...

(End of this chapter)