Chapter 1273 Sudden Changes
December 18th.
Gome announced on the Hong Kong Stock Exchange that Yuanfang and Gome had formally reached an investment agreement.
Yuanfang officially entered Gome, wholly acquired Gome E-commerce and Kuba.com, and integrated into the Yuanfang mall system.
On the other hand, Yuanfang acquired 1.6 billion shares of Gome at a price of 1.6 billion yuan in cash, accounting for 8% of the total shares.
This price is not low.
Before the suspension of trading, the share price of Gome was only worth a little more than 1 Hong Kong dollar. The Hong Kong dollar is not worth as much as the Chinese yuan, which is almost the same as the market price before the suspension.
The announcement also revealed that next, Gome will reorganize the board of directors, nomination committee, and compensation committee.
After the reorganization, Gome will continue to issue announcements and announce the reorganization information.
In addition, Gome has checked the accounts of the company, and there is no case of misappropriation of funds by shareholders. It will try to resume trading next month.
...
As soon as the announcement came out, it became an established fact that Yuanfang entered Gome.
In terms of the stock market, stockholders who were panicked before were completely relieved.
Yuanfang's entry into Gome is definitely the best of the good.
There is no industry barrier between the two parties. Yuanfang is one of the leaders in the department store industry, and online e-commerce is also in full swing.
At this time, joining hands with Gome, in the eyes of everyone, this is a good time for Gome to regain its prestige.
As for the impact on Huang's family when entering Gome from afar, investors and ordinary people don't really care about it. Anyway, whoever is in charge is in charge.
Shareholders think about making money, while ordinary citizens think about Gome's better services and more favorable purchases.
Obviously, both of these points can be achieved in a long distance.
That being the case, what difference does it make if Yuan Fang is running the business or the Huang family is running the business?
...
On the same day, Li Dong and JPMorgan Chase reached an agreement to obtain 8% of the shares transferred by JPMorgan Chase with 16 million Weibo shares and one of the Weibo IPO lead underwriters.
So far, together with Shen Xuehua's shares, Li Dong holds 33% of Gome's shares.
But at this time, Li Dong faced two major problems.
First, if you hold more than 30% of the shares, whether it is direct or indirect, you must report to the securities management agency to strive for exemption from the offer announcement.
Second, the acquisition of shares by agreement must be submitted to the board of directors and the general meeting of shareholders for approval.
Only after the resolutions of the general meeting of shareholders and the board of directors can it become effective.
If there are dissenting shareholders, the other party has the priority to repurchase the shares, and can negotiate with the shareholders who sold the shares to carry out the preferential repurchase of shares.
This is also to protect the rights and interests of the original shareholders and prevent damage to the rights and interests of the original shareholders.
In fact, the securities management agency can still delay it, but the shareholder meeting and the board of directors must go through it. However, these few transactions are not completely completed.
Li Dong is actually not too worried about the attitude of the three companies. Gome currently cannot spend so much money to buy back.
Moreover, the valuation of Weibo shares has changed greatly, and Morgan Stanley and JPMorgan Chase will not care about Gome's premium of 100 to 200 million.
On Beverly's side, there is actually no need to worry about the Cheng family repeating themselves.
The priority repurchase is also based on the agreement of both parties.
If you are afraid, the Huang family is unwilling. At that time, the biggest possibility is to go to court and sue to force the buyback.
Acquisition of listed companies is often very difficult, and this is the reason.
Morgan Stanley and JPMorgan Chase are fine, and they can't win the appeal against Gome. The main reason is that Fukang's bid is 1.5 billion.
These can be delayed for the time being. The key is that Gome is now going to reorganize the board of directors. This is Li Dong's opportunity.
After the reorganization, Li Dong and several institutions can submit the acquisition plan again.
But the Huang family had to face this challenge no matter what.
The purpose of Li Dong's delay now is to acquire more equity.
Even including tradable shares, this aspect does not require the approval of the board of directors.
Even if in the end, Fukang's equity battle failed,
Li Dong also has the capital to grab the controlling stake, and the possibility of failure, in Li Dong's view, is not great.
It's just a price increase, now it depends on the strength of the Huang family.
Gome has not had much money in the past few years. The company's money cannot be embezzled at present, and they can only raise it themselves.
Before Du Juan sold 3% of the shares and got 600 million in cash.
The Huang family also has some savings over the years, but not too much. Most of it has been invested in the enterprise, and 1 billion may not be able to come together.
Li Dong thought for a while, and finally said to Sun Tao: "On the 19th, the board of directors will be reorganized, and on the 20th, we will submit a report on the acquisition of Fukang shares.
Fukang owns 8% of the shares. Du Juan may not dare to go to war with me and force a buyback.
If we catch her loophole, as long as Fukang gets it done, Morgan Stanley and JPMorgan don't need us to worry about it. Even if Du Juan objects, it will be useless.
She can't spend so much money to buy back the shares held by the two companies, Weibo's share capital has changed a lot, and the court is not easy to hear, so we have a high probability of winning. "
Sun Tao nodded and said: "This is what I have always wanted to say, in fact, there is no big problem with Fukang.
As long as Fukang insists on not agreeing, the forced repurchase plan will not pass.
Big deal, Beverly will not sell.
As long as Fukang supports our side, we still have the advantage, it depends on what Fukang thinks. "
Li Dong smiled and said: "Don't worry, Fukang agreed, there is no reason to go back on his word.
Then arrange it like this. After Fukang has passed it, we will submit the share acquisition plan for the two motorcycles, and then report it to the Securities Regulatory Commission and the Hong Kong Stock Exchange. A slight delay of one or two days is not a big problem.
Now, I am somewhat looking forward to how other people will react to my proposal to acquire Fukang shares. "
Sun Tao forced a smile, looking forward to something, if Du Juan refused to agree, then there would be troubles.
In recent years, most people have failed in this step in forcibly seizing the controlling stake in listed companies.
Right now, the Huang family is weak and their funds are not strong, otherwise, they would have no chance of winning at all.
...
Li Dong was on the move, and Xiangjiang's Chen Lang was not weak.
With the momentum of thunder, Chen Lang used 16 million Weibo shares to reach an agreement with four institutions to replace 1.8 billion Hong Kong dollars in convertible bonds.
So far, almost all the bond-holding institutions on Xiangjiang's side have been taken down by Chen Lang.
And Shen Qian, who is far away in the United States, has entered the final stage of negotiations with several institutions. Weibo is more attractive to any investment institution than Gome.
Using money may not work, and most institutions are willing to replace it with Weibo equity.
And the third-party agency entrusted by Li Dong also began to contact some small shareholders.
The Quartet is moving, and the wind and rain are coming.
At this moment, Du Juan and the others haven't noticed this side in a short time, and they never imagined that someone would complete so many transactions in such a short time.
At the moment, what they are concerned about is the reorganization of the board of directors on the 19th.
It was only the third day since Li Dong signed the agreement and entered Gome!
In three days, the situation changed suddenly. I am afraid that no one would have thought that the distance would create such a speed.
In fact, they have also heard about the bond change in Xiangjiang, but the bond is a bond. It seems that the relationship with Gome is not very big at present, and few people really care about it.
In normal times, Gome must go to ask about the situation.
But at present, there are too many things going on in Gome, Du Juan can't leave, Cheng Xiao can't leave, so they send other people over, and the other party sends them back after a few words, which doesn't make much sense.
...
December 19th.
Li Dong got into the car and was about to go to the Gome headquarters.
At this moment, it was still late at night in the United States, and after a difficult negotiation, Shen Qian called Li Dong wearily.
"Using 8 million shares to win 700 million bonds, I came to the United States to negotiate in person, but they seized the opportunity and refused to let go. I'm sorry."
Shen Qian was a little helpless and blamed herself. Sun Tao used 16 million shares in Xiangjiang to win 1.8 billion bonds.
And she, with 8 million shares, won 700 million, with a gap of hundreds of millions. This loss is not a small number.
Hearing this, Li Dong smiled and said: "It's ok, it's much better than I imagined.
A total of 3.5 billion bonds were won, and only 1 billion Hong Kong dollars and 24 million shares were spent, which exceeded my expectations.
And it's fast, not slower than me.
Next, the remaining 6 million shares can be exchanged if they can be exchanged, and it doesn't matter if they can't.
With so many convertible bonds in hand, the conversion of shares is enough to offset the injection of Gome's unlisted part.
It's getting late for you, go to bed early.
Gome held a general meeting of shareholders today to reorganize the board of directors.
I'll see if I can squeeze a few more people in. Once that's done, our journey will be much easier. "
"Well, don't be too tired, I'll talk about it tomorrow and the day after tomorrow, and return to China before the 22nd."
"Okay, then hang up first, pay attention to safety."
After a few words of advice, Li Dong hung up the phone and said with a sigh of relief: "The speed is beyond my expectation, Wang Yue, your next task is to disintegrate Gome's cohesion from within.
Huang has been in charge of Gome for 20 years. It is more difficult to break down their fighting spirit than our external mergers and acquisitions.
Your task is very difficult, you can find a way to unite with the Yongle Department and suppress the strength of the Huang Family.
When necessary, remove some staunch supporters of the Huang family.
As for the board of directors, even if the Huang family disagrees, we still have the upper hand at the moment, regardless of the Huang family's opinion.
Of course, you have to wait until the Fukang matter is over, or use this as a bargaining chip to make the Huang family make concessions on the Fukang matter, and you have to cooperate with me. "
Wang Yue, who just came to the capital, was full of energy even though he was physically exhausted. Hearing this, he said calmly: "I see, Mr. Li, don't worry, I won't give the Huang family a chance to come back!"
"That would be the best. When Gome is under our banner, I will kick Yuan Chengdao and make you the president!"
Wang Yue looked embarrassed, and Sun Tao was speechless again.
At this time, the two of them were really helpless. Could you please stop talking nonsense, Mr. Yuan heard it, maybe what would you think.
Seeing this, Li Dong laughed and said, "At least I will give you more energy to prevent you from losing motivation.
For Mr. Yuan, at worst, let him be the vice chairman at that time, which will be regarded as a promotion, which is great. "
Wang Yue said with a dry smile: "President Li, don't say that, this is my job.
Of course, if Mr. Li really wants to take care of me, I can also be the CEO. "
Sun Tao couldn't help but said: "Wang Yue, Mr. Li is just joking, you really take it seriously!"
Wang Yue smiled lightly and said: "Mr. Sun, Yuanfang has always been a fair competition, and rewards are based on merit.
Mr. Li has always insisted on this point, which gave us latecomers a chance to rise.
You are satisfied with the present, but I am not satisfied.
If I really want to be satisfied, I would not have chosen to go to the southwest region at the beginning, and sit at the headquarters with you. "
Sun Tao said with a depressed face, "You mean I'm not self-motivated?"
"Is not it?"
"I'm calm, you're aggressive!"
"Look, you are still talking about it, so, as you who started the business with Mr. Li, you are still the vice president, and I may soon be the executive president."
"..."
Sun Tao was hit hard, his face full of helplessness and depression.
Li Dong listened to the bickering between the two, and said with a smile: "Brother Sun, this is not wronging you, you are still lacking in vigor now.
I haven't turned 40 yet, maybe one day I will retire, and the chairman will let you go. If you give me some strength, I am optimistic about you.
Otherwise, when the time comes, Wang Yue will be a few levels higher than you, will you be ashamed? "
Sun Tao smiled wryly and said, "I'll fight for it, to be honest, two years ago I felt that I should retreat bravely.
Later, Mr. Li, you kept asking me to push up, but I reluctantly pushed up.
Now, it's really a bit powerless.
The main reason is that Mr. Li, you have treated me too well, the options on Weibo, and the shares in the supermarket.
Now I just go back to retire, and I will be free for the rest of my life.
How about you take it back and let me increase my motivation? "
Sun Tao owns 3% of the fixed shares in the supermarket, and Li Dong promised not to dilute it, and the later capital increase can be deducted with dividends.
After the merger of the supermarket and the mall, Sun Tao's supermarket shares were automatically converted into shares of the retail group.
And the diluted part will continue to be deducted with dividends. Anyway, he can't get dividends, but he can always hold 3% of the shares here.
According to the previous statistical value of the retail group, the net assets are above 40 billion.
In fact, as the economy recovers and retail groups continue to expand, the value of retail groups continues to grow upwards.
Coupled with the continuous profit, and the continuous expansion of online, the net assets of 50 billion will be reached soon.
And Sun Tao, even if he doesn't get dividends, the value of the shares alone is 1.5 billion.
There are also Weibo options, once listed, there will be hundreds of millions.
Sun Tao said that he has no motivation, half-truth and half-false. In short, on the one hand, he has no self-motivation, and on the other hand, he is worried that Li Dong will treat him too favorably, and if he continues to strive for victory, some unfavorable changes will occur.
The veterans of entrepreneurship are actually quite embarrassing when they reach the later stage of the group.
Ali is like this, Tencent is like this, and most companies are like this.
At the beginning Li Dong said that he hoped to go to the end with him, but Sun Tao understood better. Maybe this was Li Dong's other kind of warning.
Therefore, in the past two years, although Sun Tao continued to study and continued to enhance his execution and control, he rarely showed it.
He is also currently the only executive who has a lot of wealth in the distance, except for Li Dong.
Xu Shengzhe doesn't count, his shares are all fake.
Weibo is not counted, and other investment banks also spent real money.
Only he, in less than five years, took Li Dong's ride, from penniless to now with a wealth of more than one billion.
Sun Tao's words made Wang Yue stop talking.
Some things, Wang Yue actually understands Sun Tao's psychology.
But in Wang Yue's view, Sun Tao was still too cautious.
In the past few years, Li Dong has been flying higher and higher, and has traveled farther and farther. Not to mention his wealth has exceeded 100 billion, but his goal has expanded to the whole world.
At this time, would Li Dong care about the 3% shares of the retail group held by Sun Tao, a veteran?
Sun Tao, dare to rebel against Li Dong?
As the elder, Sun Tao should actually be trusted by Li Dong the most. Li Dong actually hoped that he would be more capable, instead of losing all his edges and corners as he is now.
But everyone has different ideas, and Wang Yue can't dictate Sun Tao's ideas.
It may be because of this that the two broke up peacefully at the beginning. After all, it is difficult for two people with very different personalities to stay together for a long time.
After Sun Tao finished speaking, Li Dong glanced at him, and said lightly: "I'm really going to lose motivation, I feel sorry, it's simple.
If you want to make trouble yourself, I will help you.
All the shares will be recovered. In the next three years, Yuanfang Technology and Retail Group will grow by more than 50% every year. After three years, the target will be completed and the shares will be returned to you.
Otherwise, I will give you a few hundred million, and you can retire. "
Sun Tao opened his mouth, and after a while he smiled wryly and said, "Am I bound in a cocoon?"
"I don't want to see you crippled and depressed for a few years, won't you be afraid of mental depression?
At this time, I, Li Dong, have no one I can't tolerate.
You are capable and capable, just use it!
The more capable you are, the happier I am!
This is not for you alone, but for everyone.
As for the shareholding, you can handle it yourself. If you really feel that this is a bondage, I will do whatever you want.
I haven't met Li Dong yet, is there anyone who doesn't love money?
what are you worried about?
After following my business for so many years, my net worth is only worth over one billion. Ma Yun can make a lot of billionaires, and Ma Huateng has also made a lot of billionaires, even billionaires.
Follow me, Li Dong, is there no one who can compare with them?
Erma is more open-minded than me or what?
Am I really that cruel to my own people?
Go back and think about it a little bit more, your petty temper is getting worse and worse, if you don’t learn what, if you learn this, you don’t know who will bring you down.
For Yuanfang's shares, I still have to fully control the group at present, so I didn't get anything else out.
In the future, I will let go, and the millionaires I have created will not be less than Erma and the others, only more. "
Li Dong said a few words, and the car stopped slowly.
Ignoring the two of them, Li Dong got out of the car directly.
Wang Yue, who was following behind, said in a low voice: "You are petty, I said it a long time ago, but you still don't admit it."
Sun Tao said angrily, "Stop doing this with me, I didn't learn from him."
"Ahem..."
Wang Yue coughed dryly, you are brave enough to say this in front of Li Dong, and I didn't see you refute it just now.
Sun Tao didn't bother to talk to her, and continued to think about Li Dong's words.
As for Wang Yue, he has no idea now, this woman is too strong, he should find a gentle and virtuous wife later on, so as not to be punished by Li Dong and his wife.
Li Dong, who was in front of him, had already met the director of Gome who came to greet him, and walked towards the headquarters building together.
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