In the domestic securities market, the trend and market value of A and B shares vary greatly.Although it has no impact on the proportion of shares and equity, there is a large deviation in the calculation of the total market capitalization.Because Li Longbin holds precisely the B shares of Kangjia Electronics, this matter must be handled as fairly as possible.In addition, the current B-shares are only open to foreign investors and are not allowed to participate in domestic investors.If Xiao Bai remembers correctly, this ban will not be lifted until after the new millennium.Therefore, the preparation of this holding company is troublesome.Subsequently, he looked at the relevant information of Cologne Electric.The total share capital of Kelong Electric is 8.9 billion shares, of which Li Longbin holds 2.8 billion shares of Kelong Electric Appliances, accounting for 3,146 shares.Xiao Bai's Yingsheng Investment holds 10.5 billion shares of Kelong Electric, accounting for 1,180 shares, making it the company's third largest shareholder.Kelong Electric is a listed company in Xiangjiang, and the listing time has not yet been a year, and the matter of equity loading will not be said until the turn of the year."
Lao Mu, Lao Huang, let's go to the conference room together.Xiao, you tell Mr.
You and Mr.
Qin to let them go to the conference room for a meeting. ”Xiao Bai put down the information in his hand, glanced at Mu Ziyuan and Huang Decai, and decided to hold a meeting to discuss the matter of the holding company.Several people came to the conference room, and You Sen and Qin Yi also arrived."
Lao Mu, you are in charge of the financial data of this project, can you tell me how to balance the huge market value difference between the two in the case of domestic AB shares with the same rights and equal rights?"
After Xiao Bai sat down, he briefly introduced the idea of establishing a holding company, and then looked at Mu Ziyuan to hear his opinion."
Dong Xiao, if it's just for holding, then use the weighted average method when calculating the market value, which is relatively fair."
Mu Ziyuan considered that the establishment of the holding company was not for speculation on stocks for profit, but for resource integration.So he made this more sound suggestion.Xiao Bai nodded, feeling that Mu Ziyuan's suggestion could be given priority."
Lao Huang, you have been staring at the stock price trend of Kangjia Electronics recently.In the future, when calculating the market capitalization, you need to calculate the weighted average stock price within 20 days at the end of the period, and you will do this. ”"Mr.
You, you will start negotiating with Shenzhen Capital on behalf of me next week, I just said the issue of principle, you can get the specific details.""
Mr.
Qin, the matter of communicating with the regulatory department will be handed over to you.In addition, we must prepare the information first, and submit the application for the transfer of the equity agreement as soon as possible when the conditions are ripe. ”Xiao Bai quickly assigned the task, and then announced the adjournment of the meeting.Over the next few days, the people involved began to get busy around the matter.Mu Ziyuan quickly came up with a market value calculation plan, and he found Xiao Bai and specially explained."
Dong Xiao, the difference between you and Dong Li in the shares of Kangjia Electronics is 118, you are 1713, and Dong Li is 1595.After calculation, the equity ratio of this part is 5178 to 4822.In the same way, it can be concluded that the equity ratio of Kelong Electric held by you and Chairman Li is 5039 to 4961. ”Mu Ziyuan explained in detail.Because Xiao Bai and Li Longbin had a secret agreement, Li Longbin promised to transfer 10 shares to Xiao Bai at the original price at the right time.In other words, in fact, Li Longbin's shares in Kelong Electric are not 3146 on the surface, but 2146.Xiao Bai's real stake in Kelong Electric is 2180."
Well, I understand, Lao Mu, you continue."
Xiao Bai nodded, glanced at Mu Ziyuan with appreciative eyes, and asked him to continue."
Considering the huge market value difference between AB shares, I think that Mr.
Xiao, your equity in Kangjia Electronics should rise by 20, so the equity ratio should be adjusted to 6214 to 3786.The current total market value of Kangjia Electronics and Kelong Electric is about the same, one has a small total share capital and a high stock price, and the other has a large total share capital but a low stock price.Therefore, the weighted equity ratio should be Xiao Dong 57 and Li Dong 43, which is also the equity ratio between you and Li Dong in the newly established holding company without the participation of a third party. ”Mu Ziyuan's calculation is very complicated, and it cannot be said to be very scientific, but it is reasonable and well-founded, and it is a complete plan."
Lao Mu, you did a good job.If you plan to let me go first, I'll look for you if there's anything. ”Xiao Bai praised Mu Ziyuan, the other party has been following him for a long time, and he is a confidant who can be trusted and worthy of entrusting him.Sending Mu Ziyuan away, Xiao Bai called Li Longbin and asked him to meet and talk."
Dong Xiao, the establishment of a holding company is very troublesome, right?"
Li Longbin laughed on the phone, he knew very well the difficulty of this matter, and estimated that Xiao Bai and his subordinates would be busy for a while."
If you know!
Chairman Li, take the time to meet, I have a copy of the equity division plan of the holding company for you to see, if there is no problem, you can go through the registration procedures. ”In fact, the establishment of a holding company is only the first step, and there is still the trouble of transferring the equity agreement.At that time, the general meeting of shareholders should be convened first, and then the application will be submitted to the regulatory department after the general meeting of shareholders is approved, and the next step can only be carried out after the application is approved.And the above problems have been solved, as well as the integration of resources of various companies, Xiao Bai estimates that it will take at least a year."
I know you've worked hard!
You wait for me in the office before we get off work in the afternoon, and I'll invite you to drink after we finish our business. ”Li Longbin said politely, and then hung up the phone.At half past four in the afternoon, Li Longbin came to Xiao Bai's office."
Dong Li, tea or coffee?"
Xiao Bai invited Li Longbin into the small reception room, sat down and asked with a smile."
Have a cup of coffee!
Xiao Dong, hurry up, take out the plan first and let me see, this matter is really grinding. ”Li Longbin is also not polite, anyway, he has a good relationship with Xiao Bai.Xiao Bai asked Yang Yan to bring in two cups of coffee, and then handed the plan made by Mu Ziyuan to Li Longbin."
Well, this plan is very well done!
Xiao Dong, you are really full of talents.However, considering the huge price difference of AB shares, you still have a lot to lose.Otherwise, the equity ratio between you and me in the holding company is 60 for you and 40 for me.In addition, you don't have to pay back the HK$16.8 billion subscription money I helped you share last time. ”Li Longbin has never been willing to take advantage of others in the business field, he has his own considerations, doing business is about long-term, and people who are greedy for small and cheap people will not take the initiative to go far."
Dong Li, we don't have to be so fine-grained, right?"
Xiao Bai repeatedly excused himself, but Li Longbin resolutely refused.In the end, the two reached an agreement, and the equity division of the holding company was done according to what Li Longbin said."
The matter between the two of us is settled, and we can go through the formalities from tomorrow.But there is also a deep venture capital, how can we talk to each other?
”The final plan is that the two will put all the shares of Kangjia Electronics and Kelong Electric into the holding company.After the establishment of the holding company, Shenzhen Capital will be introduced as a new shareholder.Li Longbin asked what this sentence meant, which means what kind of price Shenzhen Capital needs to pay to get 20 of the company's equity."
Didn't you say that?
Calculated based on 8% of the weighted average stock price in the 20 days prior to the cut-off date.I'll calculate for you that according to the current market value of 8%, the value of these shares we hold is 245.5 billion yuan.Then the other party needs to pay 49.1 billion yuan to get 20 shares of the holding company. ”Xiao Bai picked up Mu Ziyuan's report and quickly calculated the price that Shenzhen Capital should pay."
Then do you think the stock prices of Kangjia Electronics and Kelong Electric will rise or fall in the future?
I always feel that it is a bit cheap. ”Li Longbin said it very tactfully, but in fact, he felt that the price paid by the other party was not enough.Xiao Bai smiled and waved his hand: "I'm just making an analogy, the price calculation at that time may not be like this."
I have already thought about it and will talk to the other party first, but the specific signing of the agreement will not be until the company has been listed for one year. ”Because the equity agreement can only be transferred after one year of listing, if the equity of Kelong Electric held by Xiao Bai and Li Longbin has not been installed in Konggongsi, it is impossible to introduce new shareholders.In this way, it will take at least half a year to sign the agreement with Shenzhen Capital Group.Then the two sides calculate the market value of these stocks according to the price at that time, not the price that Xiao Bai now said.As for the price, it's a matter of luck.However, Xiao Bai feels that the share price of Kangjia Electronics will definitely rise, because the company's dividends have been good in recent years.So far, Times Technology Group has received three dividends in its securities fund account, with a cumulative amount of 366035 million yuan."
By the way, I had already called Mr.
Yang before I came and asked him to go directly to the restaurant after work.Xiao Dong, the time is almost up, why don't we go over first?
”Li Longbin looked at his watch, and then took Xiao Bai to eat together.Anyway, the matter has been negotiated, and if there is anything that needs to be added, you can wait until dinner.After the two came out of Xiao Bai's office, they took the elevator down to the garage to get in the car, and went straight to the restaurant."
Dong Xiao, Dong Li, two days later will be the payment day for Kangjia Electronics' allotment, don't forget about it."
Xiao Bai and Li Longbin rushed to the private room, and Yang Xuecheng had already ordered the food.After the wine and food were served, the three of them chatted while eating and drinking, and Yang Xuecheng suddenly said this.Xiao Bai and Li Longbin both knew about Kangjia Electronics' share allotment that it was still summer, and both of them went to the shareholders' meeting.Later, the allotment application was approved, and Yang Xuecheng also called Xiao Bai and Li Longbin to report the situation.However, Xiao Bai and Li Longbin were very busy, and it was not their turn to worry about this kind of thing personally, so they didn't remember the specific date at all."
Mr.
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Yang, I must have forgotten, but the person in charge of this matter will definitely not forget.Come on, come on, full, let's have another drink. ”Li Longbin responded with a smile, and then took a cup and touched one with them.After Xiao Bai drank the wine in his cup, he sat there and counted it.This time, Kangjia Electronics is 10 with 3 shares, with a price of 628 yuan, and Xiao Bai needs to buy 16.11 million allotment shares, with a total investment of more than 100 million yuan.