After encouraging the brothers present, Zhou Kun clapped his hands to end the short meeting, returned to his not spacious boss's office, leaned back in his chair and lit a cigarette a little tiredly.

Although the meeting was brief, it was not so easy to motivate and motivate employees without dampening them.

Although the attitude of those executives just now is better than the other, and the loyalty is more positive than the other, but what the actual effect is, Zhou Kun's heart is not sure.

Employees are not robots, they do not enter a piece of code, set a program, and they will perform the set tasks to the letter, and move forward according to the original track.

Everyone is an individual and has their own ideas.

The only thing Zhou Kun can do is to tie their interests and the interests of the company as much as possible, and then use a big stick in one hand and a carrot in the other, constantly stimulating them so that they will not slack off.

This is just a very ordinary thing that you need to deal with in your daily life as a business owner.

After that, he will immediately hold a departmental meeting of the investment department on the two seed round projects that Qingyu Capital is preparing to invest in the near future, to determine whether to follow the investment.

There is always meeting after meeting waiting for him, and there are countless things that he needs to decide.

In fact, subordinates can do those things, but they have to leave the final decision to the boss.

It's not that they respect him as a boss, it's because they don't want to take responsibility for making decisions.

With rights come responsibilities, and no one can just enjoy rights without assuming responsibility.

If Zhou Kun was the last person to sign, then they would have an excuse for the consequences of the failure of the project, and they had been approved by the boss anyway.

At that time, Zhou Kun was bound to not be too strict with them, otherwise he would slap himself in the face.

And if the project is successful, they will not get less money, but they will have a weaker voice in the department.

As the company grows, there will only be more meetings like this.

Even 50 percent, 60 percent, or even more of it may not have much effect, but it's unavoidable.

Unless you leave everything to a professional manager and just be a hands-off shopkeeper who enjoys it with peace of mind, you must also take into account the moral hazard of management.

Vanke, for example, is a typical example.

Looking at his financial report, the profits of minority shareholders are actually higher than the profits attributable to the parent company, in fact, Vanke's executives have divided the profits of the company's best projects through co-investment, which is actually the company's interests.

The management that only controls a small number of shares will inevitably have a conflict with the interests of the company as a whole, and it is also a very typical practice to have a large amount of cash on the books but not pay dividends.

Zhou Kun can tolerate some moths in the company, after all, he is not in that state of dying if he doesn't work hard, so his tolerance in this regard will be much higher.

But it doesn't mean that Zhou Kun is happy to see those employees hollowing out the company with peace of mind, enjoying the resources he gives but producing nothing.

Often at this time, Zhou Kun couldn't help but sigh, an employee like Wang Feng is really too rare and rare, and it is indeed a treasure to be able to hire him.

Sitting in the office and smoking two cigarettes, Zhou Kun began to browse through a report on Tongtu Medical Group that Wang Feng had sorted out.

Tongce Medical, full name is Tongce Medical Investment Co., Ltd. (stock code: 600763SH).

This is a domestic main board listed company with medical investment and hospital management as its main business.

At present, the market value is 12 billion yuan, the total share capital is 321 million shares, and the outstanding shares are 321 million, which is in a state of full circulation.

Last year's profit was only 217 million yuan, and the total operating income was only 11 yuan.

In fact, judging from this data alone, the strength of the unified medical test is not even comparable to Zhou Kun, who has the ability to make money at this time.

But it's normal to think about it, in this world, how many people can compare with B.

It's just that in the Celestial Empire, it is not simply a matter of having more money or less money to determine a person's status and influence, it is just one of the more important factors.

There are many things that are as important or even more important than it, such as ahem, everyone understands.

For example, Tongyu Medical is one of them.

......

The story of unified medical care should be told from a long time ago.

From the end of the 90s to the beginning of this century, it can be said that it was the most glorious period of the "Delong system", which was once known as the first fierce village in the capital market.

"Delong Department" is a huge enterprise group with the new J Delong as the core.

The actual controller is the Tang Wanxin family, which between 1996 and 2004, through Shenyang Alloy, Hunan Torch and Xinj Tunhe, the so-called "old three shares", used financial leverage funds to dominate the capital market.

ST Zhongyan, the predecessor of Tongtui Medical, is one of the listed companies controlled by the "Delong system".

In 2004, the "Delong system" capital chain was broken, the crisis broke out, and the exit was sought.

At this time, Qiantang Baoqun Industrial Co., Ltd., controlled by Liu Jianming, the actual controller of Tongzhi Medical, that is, Zhu Xiaoxin's uncle, took over the 29.69% stake in ST Zhongyan held by Xinj Tunhe Group.

At the same time, another company in Qiantang, Qiantang Guangsai Power Technology Co., Ltd., acquired a 22.08% stake in Shanghai Chuangsuo, the second largest shareholder of ST Zhongyanyuan.

At that time, the market had questioned: Is there a related relationship between two companies in Qiantang that transferred the equity of a listed company at the same price at the same time?

You must know that if there is an affiliated relationship, Liu Jianming will control more than 30% of the shares of the listed company, which may trigger a tender offer.

However, Baoqun has always said that it has no connection with Qiantang Guangsai, which also circumvents the tender offer.

After all, paper still can't contain fire.

On December 6, 2007, the Zhejiang Provincial Supervision Bureau of the China Securities Regulatory Commission issued the Notice on Requiring Tongce Medical Investment Co., Ltd. to Rectify within a Time Limit.

It was pointed out that the company's shareholders Qiantang Baoqun Industrial Group Co., Ltd. and Qiantang Guangsai Electric Power Technology Co., Ltd. formed an affiliated relationship, and ordered Liu Jianming, the actual controller of the company, to complete the rectification with the company as scheduled.

Subsequently, a series of changes have taken place in the shareholding structure of the listed companies of Tongting Group.

On December 13, 2007, Qiantang Guangsai transferred its 32.214 million shares to its wholly-owned subsidiary, Guangsai Investment, at a price of 0.988 yuan per share.

On February 20, 2008, Qiantang Guangsai transferred 100% of its equity in Guangsai Investment to Bao Zhengliang at a transfer price of 5 million yuan.

In short, in the end, the equity fell on the head of the natural person Bao Zhengliang, and the price was only 5 million yuan.

According to the company's 2007 annual report, according to the closing price of the company's shares of 12.82 yuan on February 20, 2008, the market value of 30,341,600 shares (about 18.93% of the total share capital) held by Guangsai Investment was 389 million yuan.

Shares worth 389 million yuan were transferred by just 5 million people, the story behind this, hehe.

Although Bao Zhengliang reduced his stake in 2009, he is still the second largest shareholder of Tongce Medical.

According to the first quarter report of the listed company in 2018, Bao Zhengliang's shareholding ratio is 7.54%.

Qiantang Baoqun Industrial Group Co., Ltd., controlled by Liu Jianming, is the largest shareholder of Tongce Medical, with a shareholding ratio of 33.75%.

And this is where Zhou Kun's opportunity lies!

Although it is said that if the majority shareholder of a listed company holds more than 33% of the shares, it can basically sit back and relax, and there is no need to worry about being hostilely acquired by the so-called barbarians at the door.

Because he has many ways to easily reach more than 50% absolute control, he also has a veto power in some matters of the company, if there is no conflict with his shareholders' shares.

So the 34% stake is also known as the security control line.

In the takeover war, 33% is also a very sensitive number.

If the acquirer already holds more than 33% of the shares of the acquiree, the acquisition station can basically be said to have the overall situation decided, and it will win the game, at least in an invincible position.

According to common sense, Liu Jianming does not need to worry about his controlling stake.

Because if he finds out that it has been a hostile takeover, he can easily increase his shares to a safer proportion by repurchasing shares and making an offer.

For example, 51%, which is the so-called relative line of control. (Decision-making on some simple matters, hiring independent directors, electing directors, chairman, hiring a deliberative body, hiring an accounting firm, hiring/firing a general manager.) ）

Or even 67%, reaching the line of absolute control. (Some major matters such as changes in the company's share capital, major decisions on the company's capital increase, capital increase, or decrease of the company's articles of association/division, merger, and change of main business projects require more than 2/3 of the votes)

Of course, if he has that much cash on hand to buy back shares.

But where there is a cause, there is an effect, and the effect of today is not necessarily the cause of the past.

Although Liu Jianming has 33.75% of the shares of Tongce Medical, because he took advantage of the loophole to avoid the tender offer through some less harmonious means and obtained the shell of ST Zhongyan at an extremely low price, there are also some hidden dangers in the equity structure of Tongce Medical.

This is the shares of Tongce Medical, which are too scattered and scattered.

Although it is said that there are advantages of decentralization, it is easy to be caught off guard in the case of a hostile takeover.

Although Wang Feng didn't know what Zhou Kun asked him to collect and sort out the unified medical report, it was for.

But with his toes, I also knew that Zhou Kundu said so bluntly that he wanted to test the black material of medical treatment, and asked him to check the executives inside, and nine times out of ten there was a conflict between the two.

As Zhou Kun's secretary, the boss was very angry, and the consequences were very serious, of course, he had to think of a way for the boss to get angry.

Therefore, Wang Feng wrote a report on the feasibility of acquiring Tongshi Medical Group very intimately at the end of this information.

Although due to the urgency of time, Wang Feng only wrote a rough draft, but the general idea also has a lot of merits.

If Wang Feng was a beautiful secretary, he would probably have to pick him up and kiss him hard at this time to express his inner joy.

is really worthy of being his good assistant to Zhou Kun!

That's my good brother!

Zhou Kun sorted out his somewhat excited mood a little, and then continued to look down at the information that Wang Feng had sorted out.

Seeing the end, Zhou Kun's mood was also quite delicate.

The path taken by Tongzhi Medical before, the company's development process and what Zhou Kun is doing now are really too similar.

It can even be said that it coincides.

......

After the capital integration, the unified test medical is the integration of resources.

Qiantang Baoqun, the major shareholder of Tongtest Medical, is a subsidiary of Tongtest Group.

Founded in 2003, Tongting Group started its business in real estate.

After getting the shell of ST Zhongyan from Delong's hands, Boss Liu did not immediately inject assets.

Until June 2006, Qiantang Baoqun won 100% of the equity of Qiantang Dental Hospital.

Four months later, ST Zhongyan implemented asset restructuring, and 100% of the shares of Qiantang Dental Hospital were injected into the listed company.

Since then, the company's main business has been changed to engage in the operation and investment of the oral medical industry.

In April 2007, "ST Zhongyan" was renamed "ST Tongce". Since then, Qiantang Stomatological Hospital has become the main source of revenue and profit of listed companies.

According to its public financial report, from 2009 to 2011, Qiantang Stomatological Hospital contributed more than 80% of the revenue and almost all of the net profit to the listed company.

It can be said that Qiantang Stomatological Hospital is the whole of unified medical treatment.

After that, relying on such a hospital, Tongwei Medical slowly entered the club with a market value of 10 billion yuan and became a major enterprise in Zhejiang Province.

Liu Jianming became a wealthy man, and he became a Taoist.

And Zhu Xiaoxin also rose to the top, and the chicken and dog ascended to heaven and became the number one figure in the circle of Qiantang gentlemen.

In fact, if there is no accident after Zhou Kun, the development path is similar to that of unified medical treatment.

First of all, through the opportunity of public hospital restructuring, we took the opportunity to acquire some relatively high-quality medical institution resources to ensure our influence and status in the medical and health industry in Zhejiang Province.

Then look for opportunities to either buy shells and inject resources, or go public directly, and further expand their influence through the capital market.

But now after seeing the report written by Wang Feng in front of him, Zhou Kun suddenly felt that maybe it was not necessarily a bad thing to encounter Zhu Xiaoxin's stupid x last night.

If I can buy the unified medical treatment, slapping Zhu Xiaoxin in the face is secondary, saving a lot of time and quickly raising my social status and influence to a big level is a more important and critical thing.

At that time, Zhu Xiaoxin, who had actually lost the shelter of the big tree of the Tongyu Medical Group, probably didn't need him to take the initiative to strike, and it was estimated that he was also stoned to death by other people who fell into the well.

After all, with Zhu Xiaoxin's style of doing things, Zhou Kun felt that there would be no fewer people he offended.

If such a person can have a smooth ride for a lifetime, then it's okay, but if he accidentally encounters Waterloo and falls into trouble, the ending is estimated to be a bit miserable.

It's just that although the acquisition of Tongdi Medical looks very tempting, it is not so easy.

Otherwise, he wouldn't have waited for him Zhou Kun to make a move, and someone would have already bitten the fat of the unified medical treatment.

You still have to think long-term and plan well.

Adjusting the priority of this matter in his heart, Zhou Kun raised his hand and looked at his watch, then got up and left the office and went to the conference room to hold a meeting with the investment department.