My Fintech Empire

After Tian Jiayi had memorized the memo, he went through it again and confirmed that there were no omissions in Fang Hong's instructions, so he looked up and asked him: "Will our company participate in the follow-up investment in Wan Tiao's new stock financing plan?"

Seeing Fang Hong's strategy, he wanted to sign a "performance betting" agreement with the company's management together with other shareholders of Wantao. Tian Jiayi took it for granted that Fang Hong planned to invest in the company strategically, and that must be to increase his holdings. of this company.

But Fang Hong directly shook his head and said in denial: "If you don't invest, just keep the current shareholding ratio unchanged. As long as the 'performance-based gambling' agreement is successfully promoted and signed, the company will immediately cash out. Before the end, settle the gambling agreement."

As soon as these words came out, the beautiful assistant stared at Fang Hong in a daze. Her pretty face was full of bewilderment and various doubts.

After trying so hard to get the signing of the VAM agreement, instead of increasing their holdings, they cashed out and left the market?

Regarding his decision, Tian Jiayi became more and more confused the more he thought about it, and immediately said with a puzzled expression: "Why do we have to cash out? Then we are not working in vain?"

Fang Hong smiled and said: "Of course it's not in vain. Do you think we are foolish and sweet at a disadvantage?"

"That's right, how can you do business at a loss with eight hundred minds in your stomach?" Tian Jiayi looked at him and said with a coquettish smile, and after a while she added with a slightly curious look Said: "But I don't quite understand."

Fang Hong said calmly: "It's very simple. After the agreement is signed, Wan Tiao's stock price will be cut in half. Of course, we have to cash out and leave the market."

Hearing this, Tian Jiayi said with a puzzled face, "Will Wan Tiao's stock price be cut in half?"

When he said this, the beautiful assistant became even more confused and didn't understand. Logically speaking, shouldn't the price go up? How come it will fall instead, or will it be cut in half?

Really do not understand.

As for why the stock price did not rise but fell or even cut in half, it is of course a series of things that gradually happened after the signing of the "VAM agreement", including factors such as the bonus pool and business partner mechanism that Wantao's management subsequently created.

Fang Hong didn't intend to talk to Tian Jiayi about this right now, he had to sign the "Performance VS Gambling" agreement first, this was the beginning of everything.

This matter is not something that can be accomplished overnight, first bury the seeds, and slowly take root and germinate...

What Fang Hong has to do is to keep this historical event from deviating from the original track until 2015, waiting for Boss Yao to make his debut.

As for what role Qunxing Capital will play in it? Of course it's about making money!

How to make money? Fishing in troubled waters of course!

Fang Hong has no interest in things like controlling ten thousand scorpions, mainly because it is not realistic, and at the same time, he does not want to be involved in the turmoil of this equity dispute. Do not take away a cloud, both chic and flattering.

...

In the next period of time, the reorganized Ruihe Pharmaceutical Group will continue to advance as planned. Wang Qingxiong has been taken away, but it will definitely be difficult to convict him in a short time, and the trial date has not yet been announced.

But it doesn't matter anymore, he doesn't matter anymore.

The current Ruihe Pharmaceutical Group has no relationship with Wang Qingxiong, and has completely cut off from him and Hengtong Pharmaceutical.

In the following time, Ruihe Pharmaceutical Group will conduct the first judicial auction in November, and if nothing unexpected happens, the auction will be passed, and then two months later, that is, the second auction will be carried out in January next year, and then the transaction will be completed.

Then there is the introduction of local state-owned assets in Xincheng. The next big thing to get this done is to plan to list on the Growth Enterprise Market.

As for the present, although Ruihe Pharmaceutical Group has announced a debt default, the company is still operating normally. Except for a group of executives who have been taken away, the other 10,000 employees are out of work, salaries are paid as usual, and the company operates as usual.

However, for another group of people, it is also an opportunity to rise. After a group of executives are taken away, there will be a lot of vacancies. In order for the company to survive the current turbulent period smoothly, many people are promoted or temporarily Substitute duty.

Now that there is a major earthquake in the senior management, the main task is to restore the decision-making body, that is, to hold a general meeting of shareholders, reorganize the board of directors, and elect a new leader to take charge of Ruihe Pharmaceutical Group.

It is worth mentioning that 100% of the shares of Ruihe Pharmaceutical Group are now frozen, but the freeze of the shares is mainly to restrict shareholders from obtaining income from the company and disposing of shares, so as to prevent the loss of equity income and achieve the purpose of property preservation.

The freezing of equity does not deny the qualifications of shareholders, nor does it restrict shareholders' exercise of common interests.

The right to convene an extraordinary shareholders’ meeting or shareholders’ meeting, voting rights, participation in a shareholders’ meeting or a shareholders’ meeting, the right to vote and be elected, the right to know, and the right to litigate on behalf of shareholders, etc., which are common interests, will not be disabled because of the equity being frozen.

To put it bluntly, Ruihe Pharmaceutical Group can still hold a general meeting of shareholders, reorganize the board of directors, and elect a new management team.

This must be done as soon as possible. If the decision-making level of such a large company is paralyzed, the whole company will be in chaos. The key is to stabilize the overall situation as soon as possible and get through the current turbulent period.

Huayu is fully responsible for handling this series of matters. Fang Hong basically doesn't ask questions about how to advance the specific matters and pays little attention to the affairs of Ruihe Pharmaceutical Group. Whether it is done or not, you will know after a while.

...

September 15.

At around 14:00, Wan Tiao's first extraordinary general meeting of shareholders in 2009 was officially launched at its headquarters to review the company's previously disclosed refinancing plan.

As early as 13 o'clock in the afternoon, many shareholders came to the meeting place to sign in. Affected by the typhoon in the early morning of this morning, the number of shareholders attending this general meeting was slightly smaller than before, and some shareholders who had already pre-ranked were not able to register. Attend.

However, although the number of shareholders present may have decreased, the online voting platform has been enabled for this general meeting of shareholders, and shareholders can also vote on all proposals through the Internet, so the financing proposal will not be affected.

At present, Wantao is also in the suspension stage in the A-share market today, and trading will resume tomorrow.

At this moment, Fang Hong is also participating in the shareholders meeting of Wan Tiao through the Internet channel. He bought some shares of the company before, and he is also a shareholder of the company. A stock worth hundreds of thousands of dollars.

"When proposing the financing plan, we fully considered the interests of shareholders. The decline in Wantao's net profit in 2008 was just a pause, not an inflection point. We are absolutely sure that the company has returned to the growth track..."

In the study room on the second floor of Jingxinju Villa, Fang Hong was sitting in front of the computer without saying a word. On the screen was the live broadcast of Wan Tiao's shareholder meeting. At this moment, the company's president was answering questions from shareholders.

President Wan Tiao in the video screen continued: "...just pursuing scale may not be the best way for shareholder value. Wan Tiao will shift from the original pursuit of scale and speed to more pursuit of quality and efficiency. It is hoped that through quality and benefit Transformation, so that the growth of future profits exceeds the growth of the company's size."

As time went by, Wan Tiao’s executive vice president began to introduce the financing plan: “From the perspective of fairness and the interests of existing shareholders, only 10 institutions can be selected for non-public issuance, and the public issuance method can allow more investors to participate. It is more fair for shareholders. Since Wan Tiao has both A shares and B shares, from an operational point of view, allotment is not feasible, and the issuance of convertible bonds will increase the company's asset-liability ratio in the short term. Corporate debt financing creates pressure..."

At this time, Fang Hong recalled Tian Jiayi's report to Wan Biao yesterday. Qunxing Capital successfully brought together a group of major shareholders to contact the company's management before the start of the shareholders' meeting.

That is, before the general meeting of shareholders, pressure was put on the management of Wantao, and the finger of the problem was directed at Wantao's current ugly ROE index.

If the company's ROE index is still so low, it will directly threaten to reject the refinancing proposal, or even reorganize the board of directors. This refinancing proposal is a major issue and requires a two-thirds majority to pass.

The total voting rights of a group of shareholders of Qunxing Capital are about 29%, less than 30%, but the voting rights are calculated according to the size of the shareholders present. If you oppose it, you may not be able to pass it.

The pressure from the management is actually great, especially Alexander who threatened to reshuffle the board of directors.

As the general meeting of shareholders continued, Fang Hong, who was diving onlookers, had a high probability of judging that the pressure was effective. As for the specific situation and some details, he had to wait for Tian Jiayi to come back and report.

...