Rebirth of the World’s Richest Man

Several people chatted all the way. After getting on the plane, Jiang Xiaobai felt sleepy, and Zhang Tingting and Li Longquan also stopped chatting at the right time.

When they came out of the Beijing Airport, Wang Zhidong was already waiting to greet Jiang Xiaobai and his party.

"Director Jiang, welcome."

Jiang Xiaobai looked at Wang Zhidong, who was smiling in front of him, and felt a little emotional. Wang Zhidong was sensitive in business, but the equity he held was too small.

Not to mention other things, during the same period, the founder team of Sohu accounted for more than 30% of the shares, and NetEase Ding directly occupied 50% and upwards.

These are all domestic portals, and everyone has this awareness.

Even on the Penguin side, Ma Ge’s current shareholding is upwards of 50%.

Only in Xinlang, Wang Zhidong currently holds 6.3% of the shares. To be honest, Jiang Xiaobai doesn't know what to say about this shareholding ratio.

It would be strange if you don't feel the instability of the seat under your butt when sitting in the CEO's position. As the founder and CEO, it's easy to say that the strategic development direction of the company is consistent with that of the board of directors. If it is inconsistent with the board of directors, it will be a matter of minutes. You can be kicked out.

You don’t even need to have inconsistent strategies. People can deal with you as long as they don’t like you, because the proportion of shares you hold is too small.

Jiang Xiaobai's current shareholding in the company has reached 9%, which means that Jiang Xiaobai's shareholding ratio now exceeds Wang Zhidong's and he has become the company's third largest shareholder. If you include some of the shares acquired from the stock market, it has reached 11%.

If Stone had not acquired it, Jiang Xiaobai would now be the second largest shareholder of Xinlang. However, according to the information Jiang Xiaobai received, Stone had made some moves. It had also acquired a part from outside, and even obtained a shareholding from SoftBank. There are some shares in Xinlang.

Now it has reached 13%, and it is still the second largest shareholder.

Compared with the 13.3% held by Huadeng International, the largest shareholder, only 0.3% of the shares can keep pace.

"Mr. Wang, what's the attitude of Hua Deng?" Jiang Xiaobai looked at Wang Zhidong and asked after getting in the car.

The original Huadeng International was an investment brought in by Wang Zhidong. Jiang Xiaobai felt that Wang Zhidong should still be able to talk to Huadeng International.

Huadeng holds 13.3%. If Huadeng International supports Wang Zhidong, then add the 11% he currently holds, plus the 6.3% held by Wang Zhidong. shares, which add up to more than 30% of the shares.

It has reached the warning line for listed companies to solicit acquisitions, which means that if you control 30% of the shares, you can invite the company to acquire the company.

The equity control of a company is also hierarchical. For example, in Huaqing Holding Group and Huahua Bank, Jiang Xiaobai owns more than 67% of the controlling stake, which is the so-called absolute control.

At this time, Jiang Xiaobai is equivalent to having 100% power. Jiang Xiaobai can make changes to the company's articles of association, splits, mergers, changes to main business projects, and major decisions with a single word. Other small shareholders are of no use at all, although they also have voting rights.

However, according to relevant regulations, resolutions made at the shareholders' meeting to amend the company's articles of association, increase or decrease the registered capital, as well as resolutions to merge, split, dissolve or change the company's form must be approved by shareholders representing more than two-thirds of the voting rights.

Owning 67% of the equity means two-thirds of the voting rights, so Jiang Xiaobai can decide with one word. No one in Huaqing Holding Group or Huahua Bank has the qualifications to oppose Jiang Xiaobai's decision.

The relative controlling stake is more than 51%. This is the line of control, which can basically control the company. This is because the company law stipulates that resolutions made by the shareholders' meeting must be passed by more than half of the voting rights held by shareholders attending the meeting.

As long as the ratio reaches 51%, at this time, you can completely control the company's strategic decisions and so on.

And owning 34% of the equity is another line in the company's management. Contrary to Absolute Holdings, Absolute Holdings owns 67% of the equity and can make decisions on the company's affairs, including amending the company's articles of association, including dissolving the company, etc. etc.

But having 34% is relative. You can have veto power. Simply put, as long as it reaches 34%, I can't accomplish anything, but if you don't listen to me, I can do bad things.

30% of the tender offer line for listed companies, 20% of the major horizontal competition warning line, and 10% of the temporary meeting rights, which can raise questions, investigate, or dissolve the company.

5% major equity change warning line, which is usually said to be raised after acquiring more than 5% of a company's shares, everyone knows it.

There is no need to mention the 3% right of temporary proposal, the 1% right to hold a small meeting in advance and the right of subrogation, also known as the right of derivative action.

The issue Jiang Xiaobai is considering in Xinlang is definitely not the 67% absolute controlling interest, nor the 51% relative controlling interest, because the situation in Xinlang is relatively complicated.

What he thinks is that if the shareholders who support Wang Zhidong reach 34% of the shares, then even if the rest of the people are opposed, their opinions must be considered, because they can cause trouble.

To put it simply, it’s a competition. Those who are barefoot are not afraid of those who wear shoes. If you don’t listen to me, then I will object for the sake of opposition and hold you back from moving forward.

The current situation is that Huadeng International was introduced by Wang Zhidong. If Huadeng International sides with Wang Zhidong, the equity owned by the three companies has already reached more than 30%. As long as they acquire a little more, they will The limit of 34% can be reached.

"If Huadeng International supports you, we will be invincible. I have already contacted SoftBank. SoftBank holds 4% of your shares. If the acquisition is completed, Let’s not say sit back and relax.

But to a certain extent, it can determine the company's strategic goals. "

Jiang Xiaobai looked at Wang Zhidong and asked, but he didn't expect that Wang Zhidong's face turned ugly.

"Director Jiang, I can't grasp the thoughts of Huadeng International, and I don't know what they think. I have contacted them several times before, but they have always been a little dissociated.

They didn’t promise me, but I don’t think they necessarily side with Stone. They are an investment company from Citigroup, similar to Goldman Sachs…”

As Wang Zhidong spoke, Jiang Xiaobai remained expressionless and did not comment on Wang Zhidong's words.