RBCT Chapter 1168 Shareholder Meeting (6K)
Chapter 1168 Shareholder Meeting (6K)
Chapter 1168 Shareholder Meeting (6K)
If you don't pay, you won't go public.
Fang Zhuo made his words clear, and the atmosphere of the board of directors became stiff.
Xiong Xiaoge's face was calm, Goldman Sachs Yasen and DCM Denton's faces showed anger, and even Cheers from Deutsche Bank, who had a close cooperation with Bingxin, frowned.
Fang Zhuo took a cup of tea and let everyone digest the information.
He thinks it's not outrageous to ask for money suddenly before going public, let alone Dongzi and Leizi have done this.
Dongzi forcibly took 6 million US dollars of equity in the company before it went public, and Leizi could be rewarded with 100 billion options without knowing it before it went public. I didn’t ask for money for myself.
Isn't it all for the development of the company?
Although the valuation is a bit high, the reason is also clear. It is not an immediate listing this year. You can understand when the market value of leading companies increases.
Fang Zhuo put down his teacup and scanned the directors present.
Xiong Xiaoge coughed, and before he could speak, he was glared at by Yasen, Cheers, and Denton.
He ignored the strong emotions of these three, and still insisted on expressing his opinions: "Ice Core must be listed. Since it needs funds, it will certainly get more funds to support its development. Mr. Fang, tell me, is this the reason? ?”
Fang Zhuo nodded slowly, and the old bear was fair.
Xiong Xiaoge thought that the words showing his position would bring some reaction, or ease the current tension and stiffness, but he didn't expect that the three people on the opposite side were still glaring at him.
He murmured a little in his heart, these words were on Goldman Sachs's side.
Xiong Xiaoge pondered for a while: "Mr. Fang, everyone started investing in ice cores in 03. No matter how ups and downs these years have been, our cooperation has been going through. You don't have to worry about it, okay?"
Fang Zhuo continued to nod, and the old bear spoke well.
Xiong Xiaoge glanced back, and the three people on the opposite side were still glaring at him.
Hey, no, I'm just talking for you guys, why do you look at me like that?
Even if you glared, you still glared at that Fang!
Xiong Xiaoge simply stopped talking and asked the three of Yasen directly: "What do you think?"
Denton from DCM sneered and said, "What are you pretending, who doesn't know that you are Mr. Fang's trust?"
The reason why a closed-door meeting is a closed-door meeting is that everyone can speak freely.
Even if you don't know the past of Xiong Xiaoge and the mysterious person, if you look at who is the owner of the reverse acquisition of IDG Group, you will know the relationship between the two!
Denton almost scolded, your surname Xiong is a dog raised by Mr. Fang!
The status quo of Goldman Sachs, Deutsche Bank, and DCM investing in ice cores is ultimately due to your surname Xiong!
Everyone did their homework before coming here, and they even got to know the former Connors. After hearing about the design and tacit understanding in the previous two financings, they have already established a line of defense in their hearts, and they can't be shaken by a few words.
Xiong Xiaoge's face was a little uneasy, what do you mean?Didn't talk about the scene at all?
Yasen from Goldman Sachs sarcastically said: "Mr. Xiong holds IDG in his hand now, and he is full of ambition. Since Mr. Fang needs money, he will help you buy IDG. Why don't you spend the 15 billion US dollars now? Wouldn't everyone be happy?"
Deutsche Bank's Cheers nodded again and again, justified.
Xiong Xiaoge looked at the angry, sarcastic or teasing eyes of the three people opposite, and his heart also became emotional.
The most important thing is that from the corner of his eye, he caught a glimpse of Mr. Fang looking at himself when he heard this, and suddenly became a little nervous. Who is the board of directors trying to hold down...
Xiong Xiaoge slapped the table and said angrily, "Make less money and not kill you!"
The eyes of the three became the same all of a sudden, and the one surnamed Xiong spoke his mind!This is wanting to cut meat!
Indeed, even if it is invested according to the valuation of Bingxin, with its fourth largest scale, it will not lose money after listing, but this will definitely reduce the expected profit.
Originally, if Ice Core was listed, if it could really support the market value of 180 billion, the three companies would get at least 12+ billion in profits each.
With such an investment in this round, the profits were immediately reduced to single digits.
This is not cutting meat, what is cutting meat?
What's more, if the research and development of ice core technology is hindered, and there are some obstacles, the cost will be even greater, and it may even be trapped.
Xiong Xiaoge was angry and continued to be angry, pointing at the vice president of Goldman Sachs and said: "Ya Sen, don't make things worse! You don't want to go public, you don't want to take money, and I, IDG, want to take money! He DCM can still get money! Deutsche Bank still wants to get money!"
Now that the money has been trapped by the ice core, it needs to be withdrawn.
He waved his arm: "Do you really think Mr. Fang can't do this? Who is he! We're here for a dialogue today! Not to vent our anger!"
Fang Zhuo stood on the sidelines coldly, for this reason, his words were not very pleasant.
Yasen from Goldman Sachs was not shocked by the head of IDG, he had already decided that the two of them were acting tacitly in front of him, and sneered: "Okay, if Mr. Fang insists on doing things like this, then he won't go public, I think Are the options of the employees of Bingxin stuck and not cashed out!"
When Bingxin was established, it set up a 10% option pool. This part has always been held by a third-party company, and it is calculated on the side of the major shareholder.
In seven years, not only executives such as Hu Zhengming, Qiu Ciyun, and Liang Mengsong had valuable options, but most employees were more or less waiting to cash them out.
Regarding the desire for this point, the three shareholder organizations also had a serious discussion when they met and communicated. They believe that today, no matter what, Ice Core needs to be listed.
Don't be intimidated by the old devil!
"Will Mr. Fang be able to do everything right? Others don't know, but you Goldman Sachs don't know?" Xiong Xiaoge said condescendingly, "Or you, Yasen, are not in charge of Huaxia's business, so you don't know the situation here?"
Simply put, Goldman Sachs' business in China has been raided by local snakes.
Enraged, Yasen also stood up: "Why are you barking here? You, Xiong Xiaoge, are just doing it..."
DCM's Danton Chinese is better, and immediately understood the intentions of his comrades, and helped to reprimand him: "Being a minion for a tiger!!"
"Ah yes! Helping a tiger!" Yasen said angrily.
Xiong Xiaoge was not afraid of the two people's accusations, and began to remind the other party that although Goldman Sachs and DCM's investment in Bingxin has not yet seen a return, they must be able to get high profits.
His voice was high and his speech was so fast that both Yassen and Denton couldn't get in their mouths.
Yasen felt anxious, so he simply started the debate in English.
Xiong Xiaoge's level of quarreling in English is also very good, one-on-two is not at all cowardly.
Cheers of Deutsche Bank heard the three directors quarreling, and was a little ready to move, but considering the cooperation with Bingxin in Germany, he still had concerns after all, and only silently cheered his comrades with his eyes.
"okay."
With the voice of the head of Bingxin, the meeting room suddenly fell silent.
Fang Zhuo heard that the three of them could not argue with anything constructive.
He looked at Yasen from Goldman Sachs, and said succinctly: "Since Goldman Sachs does not agree to go public, then this time it will be treated as if I didn't say anything, and the meeting is adjourned."
"It's not that Goldman Sachs does not agree to go public! Goldman Sachs does not agree to this kind of financing!" Yasen strongly protested, "This is completely unreasonable and unconventional financing! Goldman Sachs will never agree!"
Fang Zhuo ignored it and just got up and walked out.
Yasen didn't believe that Boss Fang would just leave like this, so he resisted the urge to stay.
Denton of DCM didn't make a sound either.
Only Cheers from Deutsche Bank suddenly shouted when Mr. Fang was about to walk out of the conference room: "Mr. Fang, Mr. Fang, you just left? You have to give us an explanation!"
Fang Zhuo looked back: "If you don't agree, then it won't be fused, isn't it enough? If you want to go public in the future, you can find Goldman Sachs, don't come to me."
Without waiting for a response, he disappeared from the sight of the four directors.
Yasen laughed angrily at this remark, is Goldman Sachs blocking your listing?
He immediately said: "Fang always divides us, don't be fooled, his intention this time is too obvious!"
Chelsea and Denton both nodded, their positions were firm.
Xiong Xiaoge got up helplessly and was about to leave the conference room.
"Xiong Xiaoge, where are you going?" Yasen asked.
Seeing that he didn't even call "Boss Xiong", Xiong Xiaoge rolled his eyes and replied, "The meeting is over, let's go back to the capital."
Yasen said angrily: "Why is it over!"
"If you want to drive, you can continue to drive." Xiong Xiaoge took two steps, "Anyway, what I heard is that it's over."
Yasen quickly walked around in front of Xiong Xiaoge, while Denton from DCM and Chelsea from Deutsche Bank also got up to block the way.
Xiong Xiaoge couldn't laugh or cry: "The client is gone, if you don't stop me, why are you stopping me?"
"I have to give an explanation!" Yasen insisted.
Xiong Xiaoge frowned and said, "What's the confession? It's not that you don't want to merge? Now that it's not merged, why confess? Don't you understand? Your plan to go public and cash out is shattered!"
The three institutional shareholders worked together to glare at Xiong Xiaoge.
Xiong Xiaoge glared back, and then relied on his strength to leave by force.
Three seconds later, he realized that he couldn't fight, so he had no choice but to give up his plan to fight three against one.
In a closed-door meeting, anything can happen, and a hero will not suffer immediate losses.
The hateful thing is that Fang patted his butt and left, and even his secretary disappeared immediately, so he really didn't care about himself, did he?
"What's the use of not letting me go? I'm not the major shareholder of Bingxin, nor the chairman of Bingxin." Xiong Xiaoge sat down helplessly, "What do you want me to say..."
Yasen from Goldman Sachs stared at Xiong Xiaoge and expressed his opinion: "It is reasonable and necessary for Ice Core to go public."
Xiong Xiaoge understood that this was the key to everyone's helplessness.
The three together hold 33.8% of the shares, and the profits after listing cannot be ignored.
Moreover, for Bingxin, although it is developing well now, there are indeed off-market factors that are not small. Institutional shareholders certainly hope to go public as soon as possible and leave the market as soon as possible.
Otherwise, with long nights and many dreams, I don't know what kind of change it will be.
Xiong Xiaoge reckoned that Mr. Fang had exactly the same plan. Otherwise, like SMIC, he would have listed Bingxin in Xiangjiang or the United States two years earlier, and now is the time to weave a net of benefits.
The global consumer electronics market is growing fiercely, Yike mobile phones are firmly on the front line, the domestic industrial chain can at least be linked around the ice core, and the talent team is also very large...
"Mr. Yasen, I think you should tell Mr. Fang about this. First of all, I must say that IDG holds 10.2% of Ice Core's shares. I very much hope that Ice Core will go public soon."
"Secondly, do you think that I, an investor, can interfere with our mysterious person? Do you think that even if I relay your words to him, I can shake his decision?"
"No way, no way, since you know what kind of person he is, how can you take chances?"
Xiong Xiaoge spread his arms and didn't try to leave.
Yasen, Chelsea, and Denton looked at each other in blank dismay. The decision of Mr. Fang seemed to be beyond the reach of a dog.
Denton turned his mind, but at least, the dog knew Mr. Fang's more real thoughts.
He calmed down and poured out his bitterness: "Mr. Xiong, it's not that I'm embarrassing you. We traveled all the way here for the meeting. We have worked so hard to withstand the pressure for the past 7 years. How can Mr. Fang dismiss the whole process with just a few words? He You still scare us, and you say you can’t hold a meeting anymore, so what do you think we directors feel like?”
"Who says no?" Xiong Xiaoge nodded in agreement, then said helplessly, "The problem is that it's useless to tell me."
"You ask Mr. Fang to come over, and we'll talk again." Yasen appealed.
Xiong Xiaoge reckoned that Fang always wanted to kill these three people's prestige, and the discussion still needed to be discussed. He took out his mobile phone and dialed Mr. Fang's number, but it turned out to be turned off.
Ya Sen is a knowledgeable person, pointing out: "There is also Yi Xin."
Xiong Xiaoge frowned, and after calling Yixin to no avail, he sent a message, but there was still no response.
"Crap, he doesn't even answer me! What is this for!"
Xiong Xiaoge jumped, feeling that the two sides were not pleasing to each other.
The three of them looked at Boss Xiong's appearance, and still felt that he was putting on airs.
"Maybe I went to the leader to report the situation." Xiong Xiaoge calmed down a little and gave a guess.
"Then let's go together, President Xiong. Don't mention anything about going back to the capital. The listing needs to be discussed. This is everyone's business, not one's business." Yasen insisted on holding Xiong Xiaoge.
I don't know the place here, so once Mr. Fang's phone is turned off, where can I find him?
"Boss Fang insists on letting us hang out, so let him hang out. We can talk about this matter after his mood subsides. We can't let it go like this." Yasen said his thoughts.
He was also a little worried that if he really messed up this matter, the kind of people who can be on the list of the world's richest people might not be human.
Xiong Xiaoge pondered for a while, guessing that the real situation was almost the same, so he agreed to this "coercion".
Four people left the office, and there was a company team waiting outside.
Xiong Xiaoge didn't act too aggressively. He knew that he still had to play a supporting role on this trip, and communication with these three people was also a part of it.
Ice Core's non-core factory area is open to institutional shareholders, but the former Qiu Ciyun, Liang Mengsong and the senior executives have no time to deal with this group of people, allowing them to visit Ice Core and continue to visit this highland of semiconductors.
The afternoon is very fulfilling, and eating in the Bingxin canteen in the evening is also delicious.
However, there is still no serious person to answer.
"Mr. Fang doesn't know where to hold the meeting in the factory. We must be determined."
The three determined the main idea, and then fed back the situation here to the company.
Anyway, it's just poor communication.
Nothing to say all night, nothing to say the next morning.
In the afternoon of the next day, Boss Fang suddenly got news!
Members of the Goldman Sachs team reported that Shencheng TV broadcast the picture of Mr. Fang and the leader inspecting the production line of Ice Core in Zhangjiang!
"Did he really leave us here??" Yasen was in disbelief in his anger.
Xiong Xiaoge also felt a little frustrated about being abandoned, but facing the stronger emotions of these three people, he said calmly: "I said it a long time ago, it's all up to him, it's useless for you to follow me, if you still want to wait , then I will wait with you in Luzhou."
Deyin Chelsea, who has always been relatively reticent, suddenly said whimsically: "You can't be a substitute?"
The question wasn't even answered.
For P, Mr. Fang has already gone to work on other things...
The organization trio was awakened by the fact that no matter whether Fang always will suspend the listing of the ice core, at least, he may delay it for a few more years according to the current situation.
Look at the medical department under his hands, it is a project that takes longer than ice cores.
"We need dialogue to solve this problem, rather than turning a deaf ear." Yasen expressed his attitude.
"How do we talk about this? Mr. Fang has already said, and I will ask you Goldman Sachs for listing." Xiong Xiaoge helped the vice president recall Mr. Fang's decision.
It's the same thing, if you want to go public, you have to cut your meat.
When Yasen thought of Mr. Fang's tone, he couldn't help being angry, and his eyes were fixed on Xiong Xiaoge.
"Look, I'm useless. To be honest, I'm going to cut my flesh this time, and I don't even know he left Luzhou." Xiong Xiaoge confessed, "He is a big shot, and I'm just a small investor, everyone. ,wake up."
"Go to Shanghai, find Mr. Fang, and meet and chat." Denton of DCM proposed the next step that must be taken.
Xiong Xiaoge heard the words and asked remindingly: "Let's talk about financing first?"
The trio fell silent again, and they should have the strength to face intimidation.
But it was decided in front of the old devil!
He is in Shencheng, and his side is in Luzhou, who will see this!
After a while, Denton said vaguely: "Everything is discussed."
Xiong Xiaoge could tell that this guy was lucky.
However, as he said, he was just playing tacit understanding this time, and he didn't get a clear card. Fang always needs money, so IDG will pay some. If he doesn't need it, he will continue to wait.
Xiong Xiaoge believes that he will see the ice core listed on the market in his lifetime.
On the evening of October 10, the institutional shareholder teams of the four ice cores arrived in Shanghai.
It was late at night, and Xiong Xiaoge contacted Mr. Fang's secretary this time to confirm the visit to Hang Lung 23 the next day. Then he was told that Mr. Fang's time was full, so he could only find time to hold the second ice festival in the afternoon of the 13th. Core board meeting.
Xiong Xiaoge confirmed the arrangement, and there was no need to tell the three directors, because they were listening nearby.
"This is the second board meeting..." DCM's Denton still has a sense of unreality.
He always felt that the first time hadn't finished yet, and in a blink of an eye it became the second time!
"Fang is always informing his decision, not discussing it." Xiong Xiaoge advised the three directors, "If the negotiation fails this time, there is no need to worry about it in a short time."
IDG also wants to go public.
Xiong Xiaoge hoped that the negotiation would go smoothly this time, even if he cut some meat, it would be fine, unlike the other three companies, cutting meat seems to be fatal.
The agency trio didn't comment on the advice from Xiong Xiaoge, but they just agreed, and they were always unwilling.
People in Shanghai, time is suffering.
After spending two days of thinking, communicating, and standing firm, at three o'clock in the afternoon on the 13th, Bingxin's second board meeting was held at Hang Lung 23.
Hang Lung 23 is obviously different from meeting in Luzhou.
Secretary Liu Zonghong even put the nameplate of "Bingxin Board Meeting" on the table in the conference room.
Faced with Mr. Xiong's doubts about this action, Liu Zonghong explained with a smile: "I hit it next door by chance, so there must be a sense of ritual."
He has a sense of ceremony, and the three shareholders of the organization just keep a straight face, feeling that the situation is not easy to handle.
It would be fine if Mr. Fang only had Bingxin, but the problem is that his Yike has become a big trend, and he is really determined to transfuse blood. I don't know how long Bingxin will last.
Even without Yike, with Mr. Fang's own means, he would never be able to starve Bingxin.
At [-]:[-], the closed-door meeting was held again with Fang Zhuo walking in.
Fang Zhuo didn't say hello this time, and asked Yasen directly: "Goldman Sachs agrees to Ice Core's listing?"
When Yasen heard this, he felt his temples throbbing. He suppressed his dissatisfaction and said, "Mr. Fang, I have to express our Goldman Sachs attitude. Ice Core's listing should not be a condition for financing."
Fang Zhuo looked at the other two, called them by name, "Cheers, Denton, do you mean the same?"
Denton was afraid that this meeting would end as quickly as last time, so he didn't express his position intuitively, but said: "Mr. Fang, I am very cautious when it comes to this kind of discussion about the fate of the company. I think it's just a few of us talking It's biased."
Fang Zhuo asked flatly, "What do you mean?"
"If necessary, we need to discuss with shareholders about the necessity and prospect of Ice Core's listing." Denton slowly but firmly put forward a shareholder request that can be converted into a formal proposal at any time.
Of course, the shareholder meeting will increase the absolute party like Luzhou State Investment, but there are still two European private equity.
These two private equity companies are too low-key, but Denton believes that everyone should have a common ground.
Fang Zhuo glanced at the vice president of DCM, reached for the nameplate on the table, took out a pen, crossed out the word "Board of Directors" on it, and wrote the word "Shareholder".
This became the "ice core shareholder meeting".
Denton suddenly had a bad feeling in his heart. Did those two families fully agree with Mr. Fang?Is there a similar agreement of persons acting in concert?
"Xiao Liu, go and inform the shareholders of those two institutions to come to the meeting." Fang Zhuo asked the secretary with his head tilted, and then explained lightly, "It just so happens that these two private equity people have just come to Shanghai. Let's open together."
The institutional trio walks from one silence to another.
In less than 10 minutes, representatives of two European private equity firms, QT and MNG, hurried into the meeting room of Hang Lung 23.
The conference table in this conference room was huge, but two hooked noses sat on the seat next to Fang Zhuo, one on the left and one on the right.
"Do you need to call Luzhou Guotou over? He can arrive soon, and we can hold this shareholder meeting at night." Fang Zhuo tapped the table with his index finger.
The agency trio walked into a third silence.
Fang Zhuo looked at the expressions of the three directors, and changed his tone: "The so-called, different ways, don't conspire with each other. If you insist on going public, put aside the listing in advance. I can find a consortium to buy the shares in your hands. Valuation can give a very beautiful figure, and it will prevent everyone from making a mess in the end."
The leader of Ice Core gave another way.
Yasen asked, "How do you estimate?"
"Just estimate it at US$100 billion." Fang Zhuo reported a figure.
Ya Sen immediately said: "Impossible, Mr. Fang, impossible! It's too low!"
Letting us pay is 180 billion U.S. dollars, and taking our shares is 100 billion U.S. dollars. How can there be such a good thing in the world!
"The price is too high, and you think it's too high! The price is too low, and you think it's too low!" Fang Zhuo's face changed suddenly, "You are just sincere and not doing anything! What are you talking about, what else is there to talk about!"
He got up and left, ending the not-so-pleasant Ice Core's second board meeting, oh no, it was Ice Core's first shareholder meeting.
(End of this chapter)