Chapter 38 General Meeting of Shareholders of Kangmaoda I

"Mr. Jamila, I wonder what good news you can bring to us old guys at this CBM annual meeting?" Rice. Pen @ fun @ pavilion wWw. biqUgE怂 Info Tramir as CBM founder Jack. Tramir's son, as well as the majority shareholder of CBM, was the first to attack Jacla.

"There is good news!"

"Oh,. The good news is that you bastard told me that the company has only lost $1 million this year, or is it $10 million. Good news, you liar! Don't you want to get a penny from me this year, I said I should have sold CBM. Aren't Dutch tulips very interested? We should have sold our shares as soon as possible, guys, don't you think? "Rice. Tramir excitedly stood up and blamed Jamila. And then sell to the shareholders in the room the attention that he was keen on two years ago.

"If Mr. Rice needs to sell his stake in CBM, I will be happy to help you."

The abrupt words caught Les off guard, and he didn't have the echo he imagined, "The value of the shares in my hands is not small, and Mr. is interested in the shares in my hands, so I don't know who you are......"

"What? Mr. Rice thinks we at Berkshire can't come up with the money? The man who spoke looked at Rice with a smile. Tramir, it's like watching a funny joke.

Berkshire Hathaway is a world-renowned insurance and diversified investment group headquartered in the United States. The Company is mainly engaged in property/casualty insurance and reinsurance business through subsidiaries such as the National Insurance Corporation and GEICO and the reinsurance giant GE Cologne Re. Berkshire Hathaway is a jewelry distributor chain HelzberbDiamonds, and confectionery company See'Scandies, Inc. , Fei'an International Company, Footwear Company, which is engaged in flight training business, (h. h怂 brownanddexter) and others. Berkshire Hathaway owns American Express, Coca-Cola, Gillette, The Washington Post, Wells Fargo and Central American Energy Corp.

Berkshire, now worth more than $48 billion, is a far cry from the current cbm that is just getting better. However, Berkshire's creator is not simple, and Buffett wants many people to be famous.

"Rice. Mr. Tramir, please be seated. There's a lot going on today, so there's no time for you to delay. Although Les doesn't have much respect for himself, as an old man in CBM, Jamila still takes good care of this Jack's son.

Jamila relieved Rice, and the shareholders of CBM Company present also gave Jamyra face, after all, he did a good job this year.

"Ladies and gentlemen, today's general meeting of shareholders is the 1995 regular general meeting of shareholders. First of all, at this general meeting of shareholders, I will make a report on the financial statements of CBM and the resolution of the board of directors for all of you. ā€

"CBM's assets and liabilities for this year are $800 million and $2, respectively. $500 million, with an operating income of 7 in 1995. $300 million ...... The board of directors resolved that there was no objection to this, and all directors ...... 100% in favor, 0 votes against ......"

"The company's financial staff will now issue CBM's 1995 annual financial statements to all shareholders, please check them carefully, and if you have any questions, I will answer them to you on behalf of the board of directors and all CBM staff, thank you!"

After Jamila finished speaking, he sat down and waited for the shareholders present to look through the 1995 annual financial statements of CBM this year, and he was very satisfied with himself, and he looked at the different expressions of the shareholders with a smile on his face.

The first to read it was Mark on behalf of Berkshire. Hamburg, who heads an investment group in Berkshire's investment arm and is a favorite of Warren Buffett, is evident in the fact that he was sent to CBM's shareholder meeting.

"Mr. Jamila, I see from the financial statements that the company spent $5 million to get the global distributorship of the Palmfun operating system from PalmFun. At present, our company has done a very good business and negotiation. But what I would like to ask is the details of the agreement that the company has signed with PalmFun. I guess as a shareholder of CBM has the right to ask for this, right? "Mark. Hamburg asked after looking at the financial statements.

"Of course, it was an honor for Berkshire to be at CBM, and we would do our best to accommodate Mr. Mark's request. Mr. Mark's request is nothing more than a gesture! Our agreement with Palmfun is a one-year agreement divided into 55 shares. ā€

"President Jamila's words have made our investors very happy, Mr. President's credit to CBM is indisputable, and we at Berkshire believe that we will go further under Mr. Jamila's leadership." Mark. Hamburg reciprocated the favor and immediately expressed his support for Jamila to continue to serve as the president of CBM, but the question in his heart had not yet been asked, and after complimenting, he asked directly without delay, "If President Jamila continues to serve as the president of CBM, then how is Mr. Jamila prepared to deal with the renewal of the contract with Zhangqu." ā€

"Mr. Mark, your question is a business strategy issue, and I think that should be left for later."

Mark. Hamburg shrugged his shoulders and acted indifferent, "I'm fine, I'll hope you get a satisfactory answer later." ā€

Among the shareholders and retail representatives of CBM companies in the room, Rice is the most unclear about the current state of the company. Tramir. One is that the Tremere family is Canadian, except for the annual general meeting of CBM, this family has been guarding the Tramire family's textile mill in Canada, but it is said that since Jack. After Tramir's death, Tramir's only textile mill was also tossed by the Less guy. In Rice, Canada. Tramir naturally didn't know that the popular palm fun operating system in the United States was a sales product of his own CBM company, this bastard was only interested in the beautiful women of the car, and Rice, who was in his 30s, achieved nothing, and pushed his own textile factory to the brink of bankruptcy step by step.

"Jamila, I just want to know one thing, in previous years, it was our shareholders who gave CBM a blood transfusion, and this year the company made a lot of profits, I wonder how much we can pay dividends?" Rice looked at the financial statements and saw that the operating income was $700 million, and he immediately saw the money.

It was not only Rice who wanted to pay dividends, so this time Rice's proposal was supported by many shareholders.

"Yes! We've been out of our pockets for several years, so how can we get a dividend this year? ā€

"I think so too. I've been thinking about it for 5 years......"

"That's right! In the past few years, I have taken out 2 million ...... This year should pay off! ā€

……

"Mr. Rice's dividend proposal may not materialize. First of all, according to the agreement, we need to pay 200 million US dollars to Zhangqu, excluding the company's production costs, employee salaries, other expenses, and other debts, the company has only achieved a profit of 150 million US dollars this year. But our company will definitely need to purchase new equipment, recruit new employees, and promote global marketing next year, so the company may still be a little short of funds. Therefore, we will not be able to pay dividends this year. Jamila didn't want to immediately deny Rice's dividend plan, and secretly slandered in her heart, "It's a good thing that I didn't let you invest money this year."

"President Jamila's words are convincing, and we at Berkshire have no objections." Mark. Once again, Hamburg stood up for Jamila.

"This is the end of the first session, and the next step is to discuss the company's convertible bonds, the rights and interests of the new shareholders of the company, and related matters. Now for the second part! ā€

After Jamila announced that she had entered the second session, the whole venue was unexpectedly silent and the sound of embroidery needles falling on the ground could be heard.

"Tick-tock... Tick ......" only the sound of a pendulum clock in the venue highlights the strangeness of this shareholder meeting.