The Road to Rebirth Finance

Chapter 402 Investment Agreement Signing
After returning to the company, Gu Junhao, who had gradually cleared his mind, didn't seem so excited in front of the company's employees.

After lunch, Gu Junhao took a nap as usual, and when he woke up in the afternoon, he asked Li Xinyu to inform the executives to go to the conference room for a meeting.

As Xu Dong said, after the reorganization, the company's equity is very clear, and the control is still firmly in his hands.

From the official website of the Economic and Technological Development Zone, it is possible to clearly see the various equity changes of Xushen Company over the past six months.

After all the executives of the company arrived, Gu Junhao briefly explained to everyone what happened before he came back at noon.

"I'll go, boss; I thought you were there to make money, but I didn't expect Big Yu to be like this." Li Xinyu looked at Gu Junhao in surprise.

Before going home in the morning, Gu Junhao said that the next negotiation process would be left to himself, but he didn't say how to negotiate, and he didn't mention it to himself after he came back.

As a result, I was confused and organized staff to hold a meeting, and at the same time mistakenly thought that the content of the meeting was related to the technology of investing in Xingyuan.

"It's up to you to negotiate with Xingyuan Technology. The valuation is capped at 1.2 million. If it exceeds this figure, don't talk about it."

With Xu Shen's top spot, Xingyuan Technology is not so important, but it still needs to be discussed, and Gu Junhao, who is in a good mood, no longer cares about the upper limit of the valuation.

10% of the shares are only a few million yuan, but the valuation of 1.5 million yuan is definitely not possible, so it seems that it is too big to throw money.

"Uh, okay." Li Xinyu said with a bitter face, she had never experienced such a thing as negotiating.

And the boss went out for a trip, and there was another Xushen project. Doesn't it mean that his recent work schedule is full again?
Afterwards, Gu Junhao looked at the executives again: "Everyone talk about their opinions, what do you think of these two primary market projects."

"It's a good thing, especially the cooperation with Xushen. They have been reorganized into a joint-stock company. It is said that they are aiming for an IPO. If we are lucky, it will be the first listed company that our company invests in in the primary market."

"That's right, this kind of opportunity is rare. It's really worthwhile for Mr. Gu to make this trip this morning."

"No problem, we will go all out to promote this project, Director Guo will just prepare the money."

"That's necessary. The company now has sufficient cash flow in its accounts, and it's no problem to handle several projects at the same time."

Seeing that everyone was more excited, Gu Junhao was also a little happy. Xingyuan technology was found by himself, but Xu Shen did it unintentionally.

"Okay, since that's the case, let's go prepare. Recently, I've focused on these two projects and contacted the two companies. Director Shen is responsible for assisting Xiao Li. It's okay."

"No problem, but I think it should be no problem for Xiao Li to handle the quotation given by Mr. Gu." Shen Boyu said with a smile.

"After all, she is still inexperienced, even I am a little inexperienced in this kind of negotiation, so today I decisively suspended the negotiation."

"Negotiation, it's normal to talk a few more times, so let's go get ready?"

"Well, let's go, Xiao Li, pay attention to connecting with the supervisors."

"Ok."

After dismissing everyone, Gu Junhao sat in the conference room and rationalized his thoughts, feeling that today's experience was a bit strange.

At the beginning of the establishment of Junshi Capital, when Gu Junhao contacted Xu Dong for the first private equity fund, Gu Junhao didn't think about whether he had the opportunity to get some shares of Xushen.

However, with the normalization of the company's operations, Gu Junhao has put out this thought. Gu Junhao also knew about Xushen's reorganization in the second half of last year.

At that time, Gu Junhao could probably guess Xu Dong's thoughts, but it was a critical period for the stock market at that time, and Gu Junhao himself had no intention of investing in shares.

In my opinion at the time, it was faster to go to the secondary market to buy bottoms in the name of saving the market than to take out funds and lick my face to pick up cheap ones.

After all, at that time, Junshi Capital had not yet had enough funds to that extent.

However, now that there is such an opportunity and the funds are abundant, Gu Junhao naturally does not want to let it go.

What's more, all of this is not against the rules, and it is in the interests of both parties. It is true that as Xu Dong said, everyone is given, and Gu Junhao is not without money.

On the contrary, compared with the previous equity restructuring, there is still a certain premium.

The executives of Junshi Capital were extremely excited to be able to harvest two investment projects in the primary market within one day, and one of them was a quasi-IPO concept.

For the rest of June, from the perspective of the company's grassroots employees, the boss and senior executives were extremely busy, and the boss didn't even enter the trading room for a long time.

This was very rare before, and everyone was guessing what big project the company would launch. The last time it was so busy, it was the acquisition of public funds.

Among the two projects, Xingyuan Technology was the first to be discussed. After hearing that Junshi Capital intends to take a stake in Xushen, Qiu Xingyuan couldn't sit still.

Perhaps because of the ideological impact of last year's big bull market, small-scale or ambitious business owners in Beicang and even around Yongcheng burst out with passion to start a business again.

The reorganization of Xushen also caused a lot of heated discussions in the industry. Qiu Xingyuan also had the idea of ​​​​introducing capital into the game under such circumstances.

It has to be said that Junshi Capital is already his best choice right now. After asking Xu Dong privately, Qiu Xingyuan readily accepted Gu Junhao's offer of 1.2 million yuan.

The current valuation is really not low for their company. Gu Junhao has already given a very high premium, so he can no longer be greedy.

June 6st, Tuesday, the summer solstice, is also a traditional day for Yongcheng people to eat tea eggs.

"Happy cooperation, Mr. Qiu." After signing the contract, Gu Junhao stretched out his hand to Qiu Xingyuan who was beside him.

1200 million yuan, 10% of the equity; all other regulations are the same as the original Park Lane Auto Parts.

At the same time, Junshi Capital lent 1800 million yuan in cash to Xingyuan Technology in the form of an interest-free loan, which will be repaid in three installments and three years. The local industry association and Xu Dong provided guarantees for this loan.

"It's a pleasant cooperation. I am very grateful to Mr. Gu for his generosity. I will definitely make good use of these two funds, strive to live up to Mr. Gu's expectations, and run the company well."

Qiu Xingyuan looked at Gu Junhao with a smile on his face. This young man is really generous. He didn't hold on to the equity, and he generously solved the company's funding gap.

This method of borrowing was proposed by Gu Junhao on his own initiative. During the negotiation process, Gu Junhao learned that Xingyuan Technology had a funding gap of about 3000 million yuan for this expansion, but he did not want to sell too many shares at once.

Therefore, it was proposed to complete this financing at one time by means of capital investment + borrowing, so as to solve the funding gap for the company.

3000 million yuan is nothing to Gu Junhao, but for the current Xingyuan technology, many things can be done to solve the urgent need.

What's more, Gu Junhao is already quite satisfied with getting 10% of the equity. Gu Junhao really doesn't care about the interest of the 1800 million yuan loan.

For the first investment, Gu Junhao hopes to tell the latecomers in a friendly way that Junshi Capital is seeking cooperation in a peaceful way. On the premise that the two parties can reach a cooperation, Junshi Capital is willing to provide everything that can help provided.

After all, the timing of choosing to sign a contract this time is not so good. With the resurgence of the turmoil of the Baowan dispute a few days ago, the market has once again become vigilant against the risk of this kind of capital intrusion into the entity.

On June 6, last Friday, Vanke A was scheduled to resume the previous transaction. The reason for the suspension of Vanke was to plan a major asset restructuring. Therefore, before the resumption of trading, Vanke must give a clear statement on the asset restructuring plan. result.

Therefore, Vanke's board of directors meeting last Friday had to enter a vote on the reorganization proposal between Vanke and Shenzhen Railway.

Throughout the Baowan dispute so far, the most exciting moment of the entire Baowan dispute is the voting process of the board of directors on the restructuring proposal.

For the management of Vanke, the board of directors has only two purposes: one is to pass the restructuring proposal proposed by the management, and the other is to pass the proposal to continue the suspension of trading in order to complete the asset restructuring.

As for the former largest shareholder of Vanke, it is to veto the restructuring proposal and allow the stock to resume trading on time. The reason why the original largest shareholder has such a plan.

According to the post-event report letter of Vanke’s largest natural person shareholder, it was because it had reached an agreement with Baoneng in private, and the reorganization proposal was rejected at the board of directors, and then Baoneng was able to increase its holdings of Vanke after the resumption of trading. , continue to increase the shareholding ratio.

The two parties cooperated to calculate and eliminate the existing management of Vanke, and then Baoneng will fully support it to return to the position of the largest shareholder. Regardless of whether there is such a secret agreement, it is certain that the original largest shareholder does not want to let the restructuring The motion passed.

According to Vanke's current articles of association, major asset restructuring requires the approval of more than two-thirds of the board of directors. Currently, there are 11 members on the board of directors.

To reach two-thirds, 8 votes are needed. Among the 11 board members, there are three former largest shareholders and four management members. Baoneng has not been included in the list of board members so far.

It has to be said that this is also a big failure of Baoneng. Through the increase in holdings in the secondary market, the total share capital has become the largest shareholder today, and it has not been able to get a board member.

Excluding the above 7 persons, the remaining 4 persons are independent directors, one of whom is nominated by the former largest shareholder.

On paper, the original largest shareholder held 4 votes, and it was no problem to veto the restructuring proposal.

Then the key person at this time appeared on the stage, that is, Vanke's secretary to the board of directors. In this life-and-death confrontation of the management, the secretary's on-the-spot performance played a role in the winner.

During the conversation with the independent director, Wan Ke, the secretary of the board of directors, caused a change in the attitude of the independent director who was unable to show up because of the flight delay.

Independent directors who had previously abstained from voting turned into abstaining from voting through the performance of the secretary of the board during the conference call.

Don't underestimate this change. If it is an abstention, it means that the vote is still counted as a valid vote. That is to say, there are still 11 voters, and 8 votes are still needed to pass.

而如果是回避表决的话，那么这一票就等于无效，这样的话参与投票的人数就从11人变成了10人，重组议案的赞成票比例由7:11变为7:10。

In other words, only 7 votes are needed to pass the restructuring bill.

The independent director nominated by the former largest shareholder changed his position from abstention to abstaining from voting through the on-the-spot performance of the secretary, and successfully "rebelled", which also allowed the management's restructuring proposal to be passed.

Afterwards, after the fermentation of the media, this wave of operations by Vanke's board secretary was at the textbook level, and even dubbed the title of "the first board secretary in the Mainland".

That night, Vanke, whose reorganization proposal was approved by the board of directors, immediately disclosed the transaction details of the reorganization plan.

Vanke will issue 28.72 billion additional shares to purchase 100% of the shares of Shenzhen Railway’s subsidiary. After the transaction is completed, Shenzhen Railway will become Vanke’s largest shareholder with a 20.65% shareholding ratio, and Baoneng’s shareholding ratio will also increase from 24.26% diluted to 19.27%.

原第一大股东持股比例从15.29%稀释到12.10%，另外万柯的复牌时间也从6月18日延期至半个月后的7月4日。

Although Vanke's management was brought back by the board secretary's magical touch on the board of directors; however, this result will also completely push the largest shareholder to the opposite of the management.

After all, no one wants to watch their equity be seriously diluted.

Sure enough, just two days after Gu Junhao signed the equity transfer with Xingyuan Technology, on June 6, Baoneng and the original largest shareholder successively voiced their opposition to Vanke's restructuring plan.

Since the two companies jointly hold 40% of Vanke's shares, although the restructuring proposal passed the board of directors, it may still be rejected at the shareholders' meeting.

Therefore, after the two made their voices, it is generally believed that the two companies will jointly fight back at the shareholders meeting.

Faced with this unfavorable situation, the current chairman of Vanke had no choice but to express classic remarks in hindsight in the circle of friends.

It's going to rain, and my mother is going to get married.

On June 6, the day before Vanke’s annual shareholders’ meeting, Baoneng made a request to Vanke’s board of directors to remove all current Vanke directors and prepared a list of proposed directors, supervisors and senior executives.

In addition, Baoneng also proposed that the assistant to the general manager of the original largest shareholder be appointed as the chairman of Vanke, and the boss of Baoneng be the chairman of the board of supervisors of Vanke. The members of the new board of directors are mainly from Baoneng and the original largest shareholder. .

Vanke's current board members will be completely excluded.

At the same time, in the statement, Baoneng directly and publicly accused Vanke’s board of directors of failing to represent the interests of shareholders, the independent directors had lost their independence, and the board of supervisors failed to fulfill its responsibilities of supervising and correcting various problems arising from the board of directors.

Publicly accusing Vanke of becoming a company controlled by insiders violates the basic requirements of corporate governance.

The current chairman of Vanke is naturally not to be outdone, and once again posted an article in the circle of friends, the general meaning of which is that he, the chairman, can quit, but he must not let Bao Neng do it.

So far, the battle for Baowan, which has lasted for nearly a year, has completely entered a stage of incompatibility between the two sides.

Under this situation, on June 6, Vanke's annual shareholders' meeting was held as scheduled, and the shareholders' meeting was full of strong smell of gunpowder from the very beginning.

The two sides blamed each other, and at the same time refused to give in to each other. At the same time, this general meeting of shareholders also attracted the attention of shareholders and the media across the country.

　I have something to do tonight, that's just one chapter.

　　
　
(End of this chapter)