Chapter 410: The Powerful Guo Bingxiong
In the small conference room of Sanshui Political Axe, at this time, the main leaders of Sanshui, plus Li Jingwei, sat on one side, while Guo Bingxiong, Wang Haoan, Guo Jijie and others sat on the other side, Wang Haoan was on their side, and Guo Bingxiong was sitting in the main seat.
"Mr. Guo, I heard that you proposed to reorganize the Jianbao Group, saying that it would be better for the development of Jianbao?" asked the persimmon chief of Sanshui.
Guo Bingxiong leaned back on the chair, put one hand on the table and knocked lightly twice: "That's right." The management of Jianbao is too backward, if I manage it, the profits and taxes of Jianbao can be increased by 30%!"
Thirty percent, that's a tempting number. The two big leaders of Sanshui glanced at each other, and it seemed that the reorganization was not a loss. When Pengcheng had a company's share reform and listing, Jianjian Bao was among them, but Li Jingwei said that he wanted to give others money, which was not cost-effective, so they gave up.
In recent years, the stock market has indeed not been very good, and many companies' stocks have fallen below the issue price, which does not mean that the company's assets have negative growth.
That's the proof that they don't understand finance, and it's not necessarily a bad thing that the stock price is falling, and the company's market value is falling. You used to issue shares at a high price, but now the price is low, and you are just going to be delisted.
In previous lives, many companies took the opportunity to buy back a large amount of shares after the financial crisis, or even delisted. This is equivalent to selling the product for 30 yuan, and then the product rose to 80 yuan, but it fell to 20 yuan, are you really losing?
If your company is doing well, but the price is falling because of the impact of the broader market, it is not a problem at all. Twenty yuan to buy back, wait for two years, fifty yuan and then sell it, you have already made a profit of ten yuan.
At the end of last year, Li Jingwei proposed to them again, saying that it was a matter of establishing a Bao Group to change its shares and go public, but they rejected it, because they felt that the stock price would fall after the listing, and that would not make the assets lost.
Subsequently, Li Jingwei used the company's lack of funds as an excuse to establish a branch with a number of enterprises. This move has indeed expanded the production capacity of Jianbao, which was originally planned to reach 3.5 billion in sales this year, and now it seems that 5 billion can be reached.
I had known that Jianbao would have such a good effect of building factories in other places, and they would have agreed to change their shares and go public, and even go for loans for development.
"Mr. Guo, are you serious?"
Guo Bingxiong snorted coldly: "I, Guo Bingxiong, say yes, I will definitely be able to! In the Xiangjiang and even Southeast Asian markets, there is no enterprise with assets of more than 10 billion yuan that has a higher profit margin than my Guo Group, and our profit margin has exceeded 10 percent at least one year. ”
Wang Haoan lowered his head and remained silent, 10 percent is a high profit, and his investment has no profit rate of less than 30 percent.
Of course, one is because he occupies the general trend of the rise of the mainland market, and the other is that he has no decent competitors in the mainland market, not to mention that his companies were still in the tax holiday period before, and he did not even buy insurance for workers.
Now his corporate profit margin has decreased, but it can be close to 20 percent, and it is not difficult to ensure that it will be above 10 percent in the future.
When Guo Bingxiong spoke, he carried a strong sense of confidence. The leaders of Sanshui are thinking, what is the profit of 10 percent, 1 billion a year?
That's because the Kwok Group has many properties under it, and the real estate market in Xiangjiang and even many parts of Southeast Asia has been good in the past two years, so the profits of the Kwok Group are naturally high.
In two years, I'm afraid it won't be necessarily. But the Kwoks Group has scaled back its investments in Asia and has instead moved to Europe and the United States, so even if the Asian real estate market collapses, the Kwok Group will not be dealt a fatal blow.
Wang Haoan didn't tell Guo Bingxiong about the Asian financial crisis, and the other party may not believe it.
"What is Mr. Guo's plan for the share restructuring of the Bao Group?"
"All the joint ventures have become wholly-owned subsidiaries of Jianjianbao, and our assets in the joint venture have been exchanged for shares in Jianjianbao Group. The establishment of Bao Group was changed to a joint-stock system, and all resolutions were subject to the votes of the board of directors elected by the general meeting of shareholders. ”
This is a method that they have negotiated, fair and reasonable. It's just that there are still a few important points that are not said, that is, the composition of the board of directors, especially the chairman of the board.
The two main leaders of Sanshui glanced at each other, which was the same as what Li Jingwei reported, and they also asked the key question: "We agree on the reorganization of the shareholding system, how to divide the shares? How many members of the board of directors are there, and who are they?"
They didn't ask the chairman a question, because they felt that Sanshui should be the largest shareholder and should naturally serve as the chairman.
"You have no problem with the value of our shares in each company, and you have no problem with the proportion of shares that we occupy as much as we share in the total share capital?"
It also makes sense, and of course they have no problem.
Guo Bingxiong continued, "There are seven members of the board of directors. Two of you, two of Manhan Food, and our three overseas joint ventures, occupy three places. ”
"Wait a minute. Chief Sanshui interrupted Guo Bingxiong's words, "We Sanshui are the major shareholders, how can we occupy two places? If your three overseas joint venture companies can occupy three places, then Sanshui must have at least four." ”
"Mr. Kakinaga, each director has to pay a certain amount of compensation, and the more directors there are, the more unnecessary expenses there will be. The fewer people there are, the easier it will be to discuss the outcome of things, and the more people there are, the more people will delay things. ”
"Each director has different powers, and the company doesn't need as many directors. In some mature companies, there will also be some external directors, which are nothing more than managers hired by shareholders, and the highest power of the company is still the general meeting of shareholders. ”
Every shareholder who reaches a certain proportion of shares has the right to convene a general meeting of shareholders, but under normal circumstances, it is enough to meet a general meeting of shareholders once or twice a year, and most of the decisions are made by the board of directors.
"Then we need at least three directors here in Sanshui. I've heard that the board of directors votes, and the chairman can hold two votes. "This is similar to their often ~~~ committee, when there is an even number, one vote is counted as two votes to ensure the authority of the first leader.
Guo Bingxiong looked at Sanshui Persimmon in surprise: "I don't need to occupy two votes, right?"
Sanshui persimmon looked confused: "What does Mr. Guo mean?"
What do you mean that you don't need to occupy two votes, I'm talking about Sanshui, wait, Guo Bingxiong wants to be the chairman?!
How can this be, Sanshui is the major shareholder, the establishment treasure is Sanshui, how can the chairman be an outsider!
"Sanshui is the major shareholder, Jianbao was founded by Sanshui, and the chairman should be Li Jingwei!"
Guo Bingxiong looked at Sanshui persimmon chief: "Li Jingwei, he's about to retire, right? The frequent change of chairman is a taboo in joint-stock companies! And I am different, in terms of management, none of you have more experience than me, and I will serve as the chairman of the board of directors to ensure the development of Jianbao!"