Rebirth of the World’s Richest Man

Chapter 3651 passed successfully

  The long-standing issue of different rights for the same shares between tradable shareholders and non-tradable shareholders is that this equity split is designed to solve this problem. It was originally a good idea and the idea is good, but sometimes, it doesn’t just have to be a good idea.

After these non-tradable shareholders become tradable shareholders, will the stock price have anything to do with them? In fact, it doesn't matter much. There are countless company shareholders who cashed out immediately after the lock-up period.

 Crazy cash out is like going public, not for development, but just to sell the company.

This is the case in many listed companies in later generations. From the beginning of the company, the purpose is to aim for listing.

The founder is like this, and so are the investors. They have one goal from the beginning, to go public, regardless of what products the company has made, or the company's market share. As long as it can be listed, then cash out and leave.

 Investors leave first, then major shareholders.

 The share-trading reform was originally intended to protect the interests of small and medium-sized investors, which is correct. Normally, since operators are no longer able to run the company well, they should be replaced by other shareholders.

 But in fact, the operators made a mess from the beginning. Who is willing to accept it? In the end, the majority of investors took over.

Major shareholders cashed out at the highest point. As the saying goes, "No matter what debt you owed in your previous life, as long as you trade stocks in this life, it will be paid off."

Of course, this share-trading reform has a very large impact on the stock market, which can be considered positive.

But it is simply impossible to make Jiang Xiaobai think more highly of him.

Therefore, Jiang Xiaobai was also in a lack of interest and could not arouse any interest. Zhang Weiyi did not say anything after hearing this. He originally thought that the share split was good, but when Jiang Xiaobai said this, it was an improvement. As for progress, To what extent, it’s really hard to say.

However, after thinking about it, Zhang Weiyi still persuaded: "Director Jiang, no matter what, everyone outside is still very optimistic about this share-trading reform, which is still very good for the stock market to revive."

"Benefits, hey, so be it." Jiang Xiaobai nodded, not wanting to talk more about this issue. Indeed, it is good for the stock market. A big bull market is coming, but what's the use of this big bull market? Ah, this stock market does not mean that the bulls are not bullish, but that it will continue to rise. Of course, a bear market may cause investors to get stuck, and there is no way to get rid of the trap. But to say that it is the bull market that traps people more and owes more. .

 No matter what kind of bull market or slow bull market, the same principle applies. Because the bull market does not mean the arrival of money-making opportunities, but the arrival of large-scale strangulation.

 The more bullish the market, the more severe losses ordinary retail investors will suffer. On the contrary, in a bear market, slow cuts are not so miserable. There is no need for statistical data here. Those who are misled and lose big are basically in the bull market.

The reason is simple. The bull market is a real-life version of the story of the boy who cried wolf. A bull market is basically a rise followed by a correction and then rise again. Give it a slap in the face every time it pulls back, and give it a candy when it goes up again. Over time, people forget about the risks. When the "bull" suddenly ends and it's time to take the knife, ordinary retail investors will only think that it is just a slap, and there will be sugar behind it.

 This change from bull to bear is something that ordinary players cannot make a decision in a short period of time. In the end, the big knife fell, and all the previous profits were lost, and stocks became shareholders. It is easier to lose money in a bull market. The essence is that the speed of wealth distribution is greater than that in a bear market. The stock market is rising, especially when bulls are coming, and bubbles are accelerating. At the beginning, the newcomers transfer the money of the newcomers, commonly known as carrying the sedan chair; in the end, there is no one to pick up the money, and everyone competes with hand speed. In this short period of time, a major transfer of wealth has been completed. Unfortunately, ordinary people are the ones being transferred.

The same is true for the coming of this round of bull market. This year's bull market started in 2005, and it may not be able to get out of the way after ten years.

 Becoming a shareholder through stock trading was originally a highlight of the share-trading reform, but in the end it became a drawback.

Jiang Xiaobai changed the subject: "By the way, after these two share-trading reforms, I went to Citigroup to participate in Baidu's listing. During this time, if there are any important matters to be dealt with on the group's side, , just make arrangements first.

The other side is the wafer fab. When will you have time to go there and see how the construction period is going? Is there any difficulty that we need to solve? Let us help solve it. "

“Okay, Director Jiang, I understand. I will arrange it in my itinerary later.”

 Jiang Xiaobai nodded and continued to work on his own business. In the next period of time, the market was full of news about shareholding reform. This company was going to shareholding reform, that company was going to shareholding reform, and the news never stopped.

 Since Sany Heavy Industry, the news has not stopped one after another.

 The shareholders' meeting of Jiahe Company was also held as scheduled. Jiang Xiaobai attended the extraordinary shareholders' meeting. The result was unexpectedly good. Basically, all shareholders, big and small, unanimously approved the share reform plan.

 Jiahe Company directly sends cash and does not allow stocks. Although it is less than other companies and the compensation to non-tradable shareholders is less, this also shows the value of Jiahe Company’s stocks.

Like other companies, there is actually a share reform plan, and they plan to give away no cash but only stocks.

The more you give away stocks, the more it means that the stocks are not good. Because the stocks are not valuable, you give away the stocks and are reluctant to give away the money. The real valuable stocks should be like Huaqing Holding Group, which is reluctant to give away the stocks.

This is how it is in the stock market, buy up and not down. The less valuable your stock is, the more people are too lazy to buy it or want it, because when it falls, it becomes even less valuable. But for valuable stocks, people are more willing to buy them. Yes, because the value increases as soon as you hold it in your hand, and Jiahe Company has also made a commitment that not only during the one-year lock-up period, no shares of non-tradable shareholders will be traded on the market, but also in the next two years, a total of For three years, the shares of non-tradable shareholders will not be traded or transferred in the market.

 In the future, the number of stocks circulating in the stock market will be subject to certain restrictions each year, which will not exceed 3% per year. This is even more exciting news for tradable shareholders.

Over the years, Jiahe Company has maintained a strong stock price from the secondary market. This moment is rewarded. The equity restructuring plan, which originally thought there were some twists and turns, successfully passed the extraordinary shareholders' meeting.

 (End of this chapter)