Reinventing the Millennium

Chapter 251 Mental Arithmetic Without Mind (Two in One)

The transoceanic flight from New York arrived at Shanghai Pudong International Airport, and Fang Zhuo and his party drove to the city in a commercial vehicle picked up by Yike.

On the way, Pan Ben got off the car, and after driving a few kilometers, he picked up Yu Hong, the marketing director who was negotiating business at the bank.

Fang Zhuo introduced the identities of the two white men to his director, and by the way said that Kong Yu, who originally belonged to the marketing department, had transferred to work in the foundation.

"Well, Boss Kong is the best person in our marketing department to open up northern channels, and he jumped to another company after going abroad." Yu Hong expressed a little dissatisfaction.

Kong Yu explained before the boss could speak: "They all work for Mr. Fang, and I will go wherever Mr. Fang needs me."

Yu Hong is hesitant, but she knows that this Yike entered because he carried the gasoline tank well, and in a blink of an eye, he regards himself as the direct line of Boss Fang. eclectic.

Fang Zhuo made a few rounds and asked about the development of the domestic market.

When Yu Hong talked about this, she became energetic.

""Blue and White Porcelain" is very popular. The endorsement fee is too worth it. Until now, J1 is digesting this marketing promotion. The high price of M1 is prohibitive. The price of J1 is a bit high but it belongs to It can impact Sony's range."

"We also need a product with a lower price, the profit can be lowered in an appropriate amount, and the market can cover a wider range."

The marketing director continued: "Currently, the channels in the market are well established, that is, our self-operated stores in five cities are used as transit points to connect other cooperative stores, but the geographical coverage is not enough."

Fang Zhuo's eyes moved, he changed into a comfortable sitting position, and said intently: "Tell me about this in detail."

Yu Hong organized the language and talked about the establishment of channels. At present, the best-selling Yike M1+J1 is the network influence circle of five stores, followed by the provincial capitals with good economic conditions and the second-tier cities below.

At the beginning, Yike did not plan to be an agent for distribution, and all its energy was to open up dealers. It could be advertised + the sudden huge popularity of "Blue and White Porcelain" had to open up a part of the distribution system to better cover the market.

On this point, Yu Hong talked until the commercial vehicle arrived at Hang Lung Plaza before roughly finishing.

Fang Zhuo arranged for Kong Yu to take the two foreigners to check into the hotel, and then he and Yu Hong ate something downstairs before going upstairs.

The effect of channel construction still needs more specific data to verify, but Fang Zhuo sounds good, and suddenly has some more ideas about the use of Yu Hong. The hard bone in the United States is exactly what Yu Hong has done. thing.

"Oh yes, I have something to tell you. Zhou Xin is in Guangdong Province." Yu Hong suddenly remembered something when she was going up the elevator. passed."

Fang Zhuo nodded, no doubts.

Yu Hong considered it for a while, and continued: "Besides, he is broken in love."

Fang Zhuo smiled: "Didn't you want to talk about marriage? Why did you lose love?"

"Last time you told me, I paid more attention to Zhou Xin's girlfriend. After contacting him, I felt that there was a little bit of indescribable feeling." Yu Hong said, "Then I asked someone to check the situation. There were some twists and turns, but it was finally found out that the guy had a boyfriend in school."

Fang Zhuo: "..."

Resisting his strange mood, he asked, "Did you tell Zhou Xin directly?"

Yu Hong shook her head: "How can I talk about this kind of thing...he wants to ask me how I know, can I say to send someone to investigate?"

She continued: "I just observed the rules, and then took advantage of the market to drive Zhou Xin around. It was a coincidence that I ran into it."

"Director Xiao Yu still has tricks." Fang Zhuo smiled, "How is Zhou Xin?"

"Crazy work, healing emotional injuries." Yu Hong said succinctly.

Fang Zhuo sighed, "Okay, it's better than hurting the spring and the autumn."

This matter just passed away, and Fang Zhuo would not mention it in front of Zhou Xin. Time will heal the wound for the vice president of Guahao.com.

After entering the company, some colleagues who worked overtime greeted the president. Fang Zhuo sat in his long-lost office and drank a cup of tea made by himself, feeling comfortable physically and mentally.

"You come back today, and tomorrow you just decide whether to open a new production line. Sun Qi told me twice that it should be opened again." Yu Hong went back to her office to process some documents before coming to the president's office to talk about the need for a decision. business.

"I'm jet lagged tonight, and I'm going to start busy work tomorrow." Fang Zhuo laughed at himself and asked, "Is there anything to pay attention to about what Sun Qi said?"

Yu Hong thought for a while, and replied: "It's nothing, I just think it's a good time to expand productivity, but I thought you'd come back soon and I'll wait for you to decide, um, Sun Qi is investigating and thinks that Yuzhou's investment policy It’s a good deal, and I’ll probably try to convince you to build a factory there.”

Fang Zhuo nodded, and simply expressed his opinion: "If there is excess production capacity, we can also OEM for other brands that want to enter this industry."

Yu Hong was noncommittal.

After a while, she continued to chat about the news in the brand market.

At the beginning of the festivities, Fang Zhuo needed to listen to a lot of things because he was away from China for a while, but he was not in a hurry after listening to the important ones.

"Go back, we'll talk about it at the meeting tomorrow." Yu Hong drank two sips of water, "I have some good news to tell you. Your sister's foundation is very good. The tutor gave her the joint exam paper, and she did well in the exam."

Fang Zhuo asked with concern: "Can I go to Tsinghua University?"

Yu Hong was almost choked, and said slightly angrily, "What degree do you have, so you ask your sister to go to Tsinghua University?"

"Yes, yes, I'm reviewing, I shouldn't pin the regret of not being able to go to Tsinghua University on my sister, I am very grateful to Director Yu for taking care of my sister, and when she finishes her college entrance examination, I will lead her to give Director Yu a good look. table." Fang Zhuo said with a smile.

Yu Hong glanced sideways: "Tsinghua University is so far away, I think Shencheng is very good, and you can come to the company at any time. I heard from her that you want her to study finance? Shencheng is our domestic financial center."

"Hey, she insisted on asking me what to learn..." Fang Zhuo stood up dumbfounded, and said, "Come on, Mr. Yu, I'll go back together in your luxury car."

"The dignified president wants to rub other people's cars, when are you going to buy a car?" Yu Hong said angrily.

"I have no money. The company's money is invested in reproduction, and I haven't been given any money. My salary is not high. The money for the shares last time was all in my mother." Fang Zhuo complained, "I can't embezzle the company's assets, right? ?”

"What do you want me to keep a profit of [-] pieces?" Yu Hong thought of it when she heard the word "misappropriation".

"I want to buy Sina." Fang Zhuo said honestly.

Yu Hong let out a "huh": "Don't make trouble, tell the truth."

"I really want to buy Sina." Fang Zhuo insisted on his statement.

Yu Hong didn't believe it at all, and gave a sarcastic compliment with a thumbs up.

Fang Zhuo didn't explain too much, this matter hasn't made much progress for the time being, and we'll talk about it when the horoscope is over.

At eight o'clock in the evening, the president of Yike got into the BMW of the marketing director, and drove home talking and laughing.

……

2 month 20 number.

Sina, headquartered in Beijing, received a group of six from MIGA Fund from abroad.

Four white men and two translators, with the official documents of the MIGA private equity fund, made a request to Beijing Sina Internet Information Service Co., Ltd. for additional board seats.

It is reported that MIGA is a private equity fund with a background of major overseas Chinese clients. Therefore, it is very optimistic about the development of Huaxia Internet companies and plans to hold shares in Sina for a long time.

On the Sina side, Jiang Xianbin, vice president of global products, received the MIGA fund team.

Jiang Xianbin is one of the three co-founders of Huayuan Life Information Network. He has held important positions since the merger of Huayuan.com and Lifang Online into Sina. This time he came forward to fully express the importance he attaches to American private equity foundations.

The two parties had a pleasant chat. Davis from MIGA fully expressed his admiration and optimism for the speed of China Internet's development, and also believed that Sina, which has been leading the China portal website, has a broader prospect.

Sina, since I received a letter from the MIGA Fund, I have learned about this American institution. It was established five years ago and has never been revealed. It is quite mysterious, but since everything is a normal procedure, the other party came in person Hua, that must be welcome.

On behalf of Sina's board of directors, Jiang Xianbin agreed in principle to MIGA Foundation's request for an additional director seat, and the election procedure will be carried out at the shareholders' meeting in June.

The general meeting of shareholders is the highest authority of the company. They elect representatives to become directors. These directors are then formed into a board of directors to use the authority granted by the shareholders. Among them, the appointment and removal of the chairman, the dismissal and employment of the CEO can be done without going through the general meeting of shareholders. directly through the board of directors.

Because the MIGA Foundation already holds 5.4% of the shares in the secondary trading market of Nasdaq, its request for additional establishment must be voted by shareholders, which is a right protected by law.

Of course, the board of directors and management have a strong influence on the general meeting of shareholders, and the direction of similar requirements often depends on how they exert their strength.

From the current point of view, a foreign foundation with good strength and declaring that it will not participate in the company's affairs is good news for Sina, which is still turbulent nowadays, and can stabilize people's hearts.

——Look, even American private equity funds are willing to hold shares at this time, and the shadow of the Internet bubble is gradually fading!
The group of the MIGA Foundation only stayed in Sina for one day to investigate, and then said they would go to the south to deal with work. Jiang Xianbin also sent them off on behalf of the Sina board of directors.

Within two days, on the afternoon of February 2, Jiang Xianbin happened to receive a call from another domestic company——Eco Investment called to inquire about the business situation of Sina, expressing his intention to buy some stocks.

Jiang Xianbin is relatively unfamiliar with "Yike Investment". After some understanding, he found out that this company is a related party of Yike Technology.

However...he is also very unfamiliar with "Yike Technology", and he didn't realize it until he mentioned "Guahao.com", which is the Internet peer that won the "First Batch of National Internet Innovation Industry Enterprises".

Jiang Xianbin is well aware of the situation in the Internet industry. After paying attention to Guahao.com for a while, he thinks that if he can really get through the closed loop of fees, it is really possible to see another listed company.

However, changes in industry policies made everything empty.

He also knew that the young founders of the business had started a second venture, but then they didn't care.

"Look, people in our country are more meticulous. Before investing, we at least know to ask about the business situation." Jiang Xianbin joked to his colleagues after dealing with the phone call, "Yanke, the horse-riding stockholders didn't even ask before holding shares. Before calling In the past, I was indifferent."

"Isn't it because the Yankees are rich? How much money can this Yike investment have, I'm afraid that it will be caught in a shock." A colleague responded.

Jiang Xianbin is in a good mood: "There are Yankees before, and then there are domestic... half of the same industry. I think our market value will start to improve."

Colleagues chatted about Nasdaq's stock price with confidence and worry.

No one would associate a small domestic company that intends to invest 400 million Huaxia coins with the MIGA Foundation from the United States, which is rich and powerful, and has invested in three Chinese listed companies.

……

Shencheng, evening.

Fang Zhuo, who worked overtime continuously to deal with the development of domestic companies, finally gave himself half a day off.

"I'm so tired. If I knew it, I wouldn't have come back so early. I was in New York thinking about taking a break and going back to China. I didn't expect to be busier than going back to Shencheng."

Fang Zhuo slumped on the sofa and complained.

Zhao Suqi made a cup of tea for her brother and said with a smile, "It's almost Chinese New Year, there must be a wave of enthusiasm before the J1 festival."

Fang Zhuo nodded, not wanting to talk about work.

Zhao Suqi turned on the TV considerately, found a Hong Kong and Taiwan Zhou Xingxing movie to show to her brother, and she took out a financial textbook and flipped through it casually.

After a while, Fang Zhuo turned off the TV and fell into thought.

The only sound left in the living room was Zhao Suqi's occasional pages turning.

"The Poison Pill Project, what is the Poison Pill Project?" Zhao Suqi saw a new vocabulary when he saw the case in the textbook.

When Fang Zhuo heard this word, he suddenly came back to his senses, and explained to his sister aloud: "The poison pill plan is a stock dilution measure that listed companies have set up in advance to deal with hostile takeovers."

"Equity dilution?" Zhao Suqi was puzzled.

"First of all, there is no such poison pill plan in China for the time being. They are often foreign listed companies, such as Sina." Fang Zhuo gave an example, "For example, if a fund absorbs a large amount of money without notifying Sina's management If Sina’s stock ownership reaches the 10%-20% limit, it may be a hostile takeover.”

"However, the U.S. Securities and Exchange Commission stipulates that the listed company must be notified when the shareholding reaches a certain level, so that the listed company has the opportunity to countermeasures."

"They can choose to issue additional allotment shares at a low price. According to the regulations, the hostile acquirer cannot buy new shares, only the original shareholders can buy them at a low price, which dilutes the equity held by the hostile acquirer."

"For example, a hostile takeover of 19% may be diluted to 5% after the poison pill plan, so there is no threat at all, and it is impossible to become a listed company."

Fang Zhuo earnestly popularized financial knowledge for his younger sister.

Zhao Suqi thought for a while, and asked, "What about the shortcomings of the poison pill plan?"

"Disadvantage? Probably the interests of small and medium shareholders will be damaged, but the poison pill plan can be implemented directly by the board of directors without going through the shareholders' meeting." Fang Zhuo said, "This plan has almost no solution for the hostile acquirer."

Zhao Suqi asked: "Almost no solution? Why almost?"

Fang Zhuo smiled slightly: "Occasionally, if you do mental calculations but don't care, with some means, there is a chance to solve it."

Zhao Suqi thought for a while: "It's also difficult, isn't it?"

"It's a bit difficult." Fang Zhuo admitted.

　One more chapter.

　
(End of this chapter)