Rebirth of the World’s Richest Man

Chapter 3650 Are you in a hurry to sell stocks?

Fan Gang just came back one day later with the plan. Jiang Xiaobai felt a little distressed when he looked at Fan Gang's dusty face and bloodshot eyes. The charm of this reform is really great. This Fan Gang is connected to It’s been two days since I’ve probably been able to breathe evenly, and I’ve traveled thousands of kilometers like this.

 From the magic city to the grassland, and then from the grassland back to the magic city, with a board meeting in between, he felt a headache just thinking about it. Is there a break in between?

“Director Jiang, this share reform plan has been modified according to your requirements.” Fan Gang sat across from Jiang Xiaobai’s desk and handed over the plan.

Chu Beiping from Jiahe Company also said the same. Jiang Xiaobai didn't even read the plan and just signed it because he trusted Chu Beiping. Since he said so, it must be done, but as for Fan Gang, it's different. Although Fan Gang said this, Jiang Xiaobai definitely wanted to take a look.

"You drink some tea first, and I'll take a look at the plan." Jiang Xiaobai said, picking up the plan and reading it from beginning to end. He made changes according to his own requirements. The share reform plan only said a few words. In other words, one is the issue of allotment of shares and cash payments to non-tradable shareholders.

 Another issue is the time for the lifting of sales restrictions after the listing. But in detail, it is not just these things, but also involves other aspects.

The two questions above, to put it bluntly, are that a non-tradable shareholder has become a tradable shareholder with sales restrictions, but what is the remaining holding shareholder's plan to increase his holdings? In other words, when the stock price drops to what level? After that, the controlling shareholder will initiate a shareholding increase plan in order to ensure that the stock price does not fall again.

When the time comes to increase the holdings of the shares in order to prevent the stock price from falling further, it will be clearly stated in the commitment letter. Although it is said that after the listing, there will be no restrictions on the rise and fall, but if it falls to a certain level, the controlling shareholder A shareholding increase plan will be launched.

There is also a series of follow-up implementation processes. When will the shareholders' meeting of the share-trading reform plan be held? If the shareholders' meeting passes it, when will the share-trading plan be registered, that is, when it will be made public. Before it is made public, trading will be suspended. of.

 Then is the registration date for the change of shares, trading continues to be suspended, then trading is resumed, the company's stock is relisted for trading, and finally price limits are set, and so on.

This is all a series. Every sentence here, even every word spoken, may be related to future changes in the company. Jiang Xiaobai cannot help but look at it carefully. Although this Yili is not his biological son, We are here today because Huaqing Holding Group spent a lot of money to acquire it.

After more than half an hour, Fan Gang drank two pots of tea, and Jiang Xiaobai finally finished reading the share-trading plan in his hand. Jiang Xiaobai is not the kind of person to grind. Since he has finished reading and there is no problem, then No longer hesitating, he signed his name at the end.

“President Fan, you can’t do anything but drink tea. Come on, I’ll take you to the cafeteria to have some breakfast.” Jiang Xiaobai stood up and looked at Fan Gang and said.

Fan Gang nodded sheepishly when he heard this. He really didn't have breakfast. He flew over from the grassland in the middle of the night. After arriving, he came to the group as soon as possible. He was afraid that if he was late, something would happen to Jiang Xiaobai again. If you are confused, it will be too late to deal with the share-trading plan.

Jiang Xiaobai took Fan Gang to the canteen. On the way, he and Fan Gang were chatting about some time issues.

"Director Jiang, we are preparing to hold an extraordinary general meeting of shareholders one week later, that is, on June 30th. According to your request, the extraordinary general meeting of shareholders will be passed online and offline. We will use it for another five days. time, complete the notice, and register the change in equity, and resume listing..."

“Well, you can just decide these issues yourself. Home and Company are more anxious than you are. The extraordinary general meeting of shareholders will be held in five days…” Jiang Xiaobai sighed and said.

 “This reform, the general direction, everyone is anxious about.” Fan Gang said with a smile. Jiang Xiaobai glanced at Fan Gang: "Afraid, anxious to sell the stocks as soon as possible after listing?"

Fan Gang couldn't answer the question immediately. He didn't say this. He said he didn't want to sell it. He really wanted to exchange the shares for some money in the future. If he said he was anxious to sell his shares on the market, that was obviously not the case.

Jiang Xiaobai sighed and stopped asking this question. There was no way to ask. There has always been no way to explain the domestic stock market. In the past, the same shares had different rights. Well, after the share reform, the same shares will have the same rights. Yet?

 That's not the case anymore. Major shareholders can cash out and leave the market at any time.

 After having breakfast with Fan Gang, Jiang Xiaobai saw Fan Gang off. Zhang Weiyi knocked on the door and walked into Jiang Xiaobai's office. Zhang Weiyi could clearly feel that Jiang Xiaobai was not too interested in this share-trading reform.

 At least he didn’t show as much enthusiasm as others.

“Director Jiang, do you have any thoughts on this share-trading reform?” Zhang Weiyi asked cryptically.

Jiang Xiaobai nodded and did not hide it when facing Zhang Weiyi. On the surface, this share-trading reform seemed to be a good thing. It was to solve the problems left over from history. At the beginning, he was afraid of the loss of state-owned shares, so he stipulated it. After the company is listed, the equity is divided into tradable shares and non-tradable shares. Non-tradable shares are the major shareholders and have absolute rights over the company, and their shares cannot be listed and circulated.

 As for tradable shareholders, they have no voting rights.

This has resulted in non-tradable shareholders. It doesn’t matter whether the stock price rises or falls. Yes, it doesn’t matter to non-tradable shareholders. If they want to make profits, they can only do it over the counter. It doesn't matter whether the stock price is five yuan or four yuan today. They don't care about the change in the stock price.

As for tradable shareholders, without the company’s voting rights, you cannot interfere at all in how the company operates. You can only make profits through changes in stock prices in the secondary market.

This is also the reason why there are many bookmakers at this time, because there are only so many stocks of a company in the market, which can be calculated clearly, and only a little money can be used to control the stock price. Unlike in later generations, hot money began to slowly After attracting stocks, some shareholders began to slowly ship goods. No matter how much money they have, it is difficult to absolutely control the stock price. They can only guide it in a relatively short period of time.

 For non-tradable shareholders, stock price changes have no impact and do not form a good equity incentive.

 (End of this chapter)