If you cheat, money will follow

The meeting at the Goose Factory has been held, and work is progressing in full swing, but the company's stock performance is still very decadent:

On March 3, Goose Factory’s stock price fell to HK$13 per share, a decrease of 5.9%;

On March 3, the stock price continued to fall, closing at HK$14 per share, a decrease of 5.1%;

On March 3, the stock price fell below the listing opening price, closing at HK$17 per share, a decrease of 4.7%;

On March 3, the stock price fell to HK$18 per share, a decrease of 4.2%.

The negative public opinion caused by poor market performance is rising one after another.

Meanwhile, the southern tip of the African continent.

In the conference room of Naspers, Mr. Baker, the chairman and CEO, was organizing an emergency board meeting.

Naspers was founded in 1915. It was originally a media company whose main business was publishing newspapers and magazines.

After nearly a century of development, it has become a media giant and investment giant on the African continent.

There have been rumors that the goose factory is behind the universe.

The reason is that the major shareholder of Goose Factory is Milad Holdings Group Company (MIH), which is a wholly-owned subsidiary of Naspers. The largest shareholder of Naspers is Standard Bank of South Africa, and the largest shareholder of Standard Bank of South Africa is The universe moves.

The actual situation is that Naspers’ largest shareholder is the South African state-owned Asset Management Company, and 87% of its funding sources are pension funds.

Standard Bank of South Africa is only the second shareholder of Naspers.

Based on this relationship, Universe Xing has a certain degree of influence over Goose Factory, but has no control over it.

As CEO of Naspers, Mr. Baker has always liked investing in Internet companies in emerging economies.

He believes that instead of competing with Wall Street capital giants in the mature markets of Europe and the United States, it is better to enter emerging economies and mine gold mines without any pressure.

Supported by this concept, Naspers has successively invested in Russia's social giant mail.ru, India's Ctrip makemytrip, Argentina's link website OLX...

History proves that he successfully mined only one gold mine - Goose Factory.

The purpose of Leda Investment is to take away this gold mine. At present, it seems that the plan and actions have produced significant results.

Now, Mr. Baker is presiding over an emergency board meeting of the company with only one thing to consider.

"Gentlemen, now let's discuss whether to continue to hold or transfer the shares of the goose factory." Becker said

"Shareholders have great objections to our hesitant attitude and slow action. We must come up with a practical plan and implement it."

As soon as Baker finished speaking, someone couldn't wait to stand up.

Director A: "I have always believed that this company has no future. We should immediately find a buyer to transfer the company's shares in the goose factory. Even if the price is low, considering our entry price, we will not Loss."

Director B: "My opinion is exactly the opposite. I think the current stock price of Goose Factory is seriously inconsistent with its performance. We should remain patient and observe for a period of time before making a decision."

"The market signs are obvious, and some people are maliciously shorting. After this abnormal period, market logic will be corrected, and investor confidence will be restored."

Director A: "No! Pay attention! I want to remind you, sir. It is not an institution that is shorting now, but the whole world. I hope you open your eyes and see, it is the whole world."

"Institutions from Europe, America, the Asia-Pacific region, and even Africa are participating. Under such pressure, Goose Factory's stock may fall below the issue price at any time and fall further based on the issue price. By that time , how do we explain to shareholders?”

Director C: "That's just a temporary performance. There is no problem with Goose Factory's performance. Behind this company is a country with the largest population and the fastest GDP growth in the world. Moreover, the number of users of this company has exceeded 7 million. This What is the size and profit margin?”

Director D: "Go to hell with the size and profit margin. I just want to say one thing, that is, the current stock price has reached a level that is unbearable for our shareholders, and it may fall further."

Director C: "I repeat once again, the company's financial report is still perfect and its development prospects are good."

Director E: "Ahem... let me remind you, where does our capital come from? It is the national pension fund. There must not be any risk in the pension fund."

"If we do not take correct, active, effective and productive measures to avoid risks, once the stock price falls below the issue price and further compresses our profits, everyone, some partners may not be able to see each other at the next meeting."

Director A: "That's right. Just look at the public opinion environment in their country."

"Goose Factory has now become the target of public criticism. The financial section, entertainment section, sports section, current affairs section... and even the children's section have made headlines. Their country believes that children are addicted to games, and Goose Factory has an unshirkable responsibility."

"I also have an analysis report in my hand. Currently, there is a company in their country that is gradually encroaching on the users and market of Goose Factory. It is growing very rapidly and has been favored by Sequoia Capital. They have invested US$500 million."

The debate was intense, with board members expressing their opinions and refusing to back down.

Seeing this, Baker said: "Be quiet. Continuing to argue like this will not solve the problem. Since everyone disagrees, let's vote in accordance with the company's articles of association."

"I support continuing to hold and inject funds to protect the market as appropriate and restore market confidence."

"I object. Goose Factory's current outstanding shares have hit the warning line."

"I object too. I don't have the patience to keep fighting with the vultures."

"Objection! If possible, I would like to clear out all my stocks today and be safe."

"support!"

"be opposed to!"

"be opposed to!"

"be opposed to!"

…………

A few days later, Goose Factory.

At this time, Brother Ma frowned, looked haggard, and kept tapping his fingers on the table.

How can we reverse the current unfavorable situation?

The passive situation in the financial market means that due to lack of money, it is neither possible nor necessary to take the initiative; however, the passive situation in public opinion must and should be faced with a more positive attitude.

"Boss, Mr. Baker's phone number." The secretary walked into the office quickly and told Brother Ma.

After hearing what the secretary said, he asked the secretary to pick up the phone, then moistened his throat, adjusted his posture, picked up the phone and said in a normal tone as much as possible:

"Mr. Baker, I'm glad to receive your call. I think you must have brought good news."

The old man on the other side of the phone said: "Good news? I disappoint you. This is bad news for you and your company. The board of directors has decided to withdraw, and has also passed an extraordinary shareholders' meeting to form a resolution."

"From now on, we will be looking for a buyer to take over."

The old man's words were not fast, his voice was not high-pitched, and he did not even have any emotion, which was very uncomfortable for Brother Ma's ears.

Capital is capital after all. It is instinct to seek benefits and avoid disadvantages, and it is natural to seek quick success and quick benefits.

Xiao Ma said: "Can't we be patient? The company's fundamentals are very good and not as fragile as the market says."

Baker said: "I'm very sorry. This has nothing to do with the fundamentals of your company. It is a resolution made by the company's board of directors and shareholders' meeting based on risk considerations. It is difficult for me to make any rebuttal. The different opinions I raised were completely ignored. ."

Xiao Ma said: "Is there any room for maneuver? As long as we are given time, we will use good market performance feedback."

"Unfortunately, shareholders are more focused on whether existing profits can be realized," Baker said.

Brother Ma said: "Okay, it seems like it's a foregone conclusion."

"Yes, it's a done deal," Baker said.

Xiao Ma said: "I'm sorry, but I respect the decision of your company's shareholders' meeting."

"However, I have a requirement that the new successor must adhere to the same financial investment stance as your company and cannot dictate the operation and management of our company. If this cannot be done, my team and I will not agree."

Xiao Ma's tone was very firm and non-negotiable.

"..." Baker said: "I can only try my best to find entrants according to this requirement. But I also hope you can understand that shareholders do not care about the position of new entrants, they care more about the speed of exit."

"Mr. Baker, this is my bottom line, otherwise I would rather choose to delist at the appropriate time."

"..."