Lei Jun's aura of staying out of the way during the negotiation once made Gu Mojie very puzzled. Pen × fun × Pavilion www. ｂｉｑｕｇｅ。 ｉｎｆｏ

It was not a "righteous refusal in the face of a barbarian waving a cheque at the door" in the ordinary sense, nor was it "a half-push, half-down bargain".

It's a kind of expression, with the expression of looking at a nouveau riche who doesn't know how far he can go, jumping there to perform - maybe this nouveau riche is really richer than the spectator, but the spectator really doesn't have the slightest intention of stammering.

In the negotiation of the Jiangnan Meeting, Lei Jun's impression on Gu Mojie was like this.

Because of the use of ulterior means, Gu Mojie couldn't even have a good showdown with his henchman Gu Yong about this matter, so he could only use various pretexts to knock on the side.

On the last day of the May Day holiday, Gu Mojie specially asked Gu Yong to have tea and talk about this matter.

That feeling is like a scumbag calling the midnight emotional hotline, where he says, "I have a girlfriend who has met how and how ......"

In fact, the ghost knows that those who call the hotline are talking about their own personal experiences.

General Gu Yong listened to it in a fog, and finally gave Gu Mojie an ambiguous explanation:

"It is estimated that someone in the capital market is eyeing Hatsune Entertainment. Since before May Day, the abnormal trend of 'shocking and putting a huge amount higher', combined with your worry that you don't know where it came from, I think it is very likely to be the case.

Of course, the evidence is not enough at the moment, and we can't go to the Shanghai Stock Exchange to steal the transaction secrets to see who is buying Hatsune Entertainment's shares. So the best way is to after May Day, until the end of Michael Jackson's concert in Shanghai, in this half a month, you will throw out 5% of the unrestricted shares to explore the way. Take a look at the price movement. If there is a continuous occurrence of 'increasing volume and going higher', it can basically be determined. ”

Regarding General Gu Yong's statement, Gu Mojie was noncommittal at first, or felt a little unbelievable.

"Unlikely, right? In last year's IPO, a total of 15% of the equity was released, and this year, the ban is also 15%. Even if there are capital predators, they absorb all the outstanding shares on the market in one go, less than 30% - Junjun and Sister Fei and I, cut out all the restricted shares that were sold, plus the group holding of the Hatsune Group, and close to 60% of the equity. Hatsune Entertainment's business decision-making power, they absolutely can't snatch it. ”

"Applejack, it's not what you think. If you still study company law, think about today's 'minority shareholder rights protection package'. Theoretically, as long as they have more than 26% of the shares, even if they use the centralized voting system, they will not be able to decide the daily operation of the company, but they can ensure a strong sniping against 'major shareholders using their control over the company, carrying out related party transactions and transferring high-quality assets to the detriment of the company's interests'. ”

Minority shareholders have concentrated voting rights, which are a special voting right, and since the implementation of the new company law, the most common area of use is in the election of company directors.

For example, the board of directors of a company has a total of 5 directors, and then the shareholders elect the directors according to one share, one vote. In the era when there was no centralized voting power, as long as a major shareholder had more than 51% of the equity voting rights, then when electing each director, the major shareholder said that whoever voted, who could be elected. As a result, "51% of the equity is enough to decide 100% of the directors", and the remaining 49% of the equity holders have no decision-making power at all.

The disadvantages of this system are the same as the "winner takes all in every state" in the US election. For example, in 2000, Gore's electoral votes were actually much higher than those of George W. Bush, but because of his unreasonable distribution, a large number of voters were wasted in some weakly disadvantaged states, so he ended up getting fewer electoral votes than George W. Bush.

In order to protect the interests of minority shareholders and solve this unreasonableness, a series of new company law systems represented by centralized voting rights were gradually promoted. For example, if there are still 5 directors elected, then each share can vote 5 votes. After using the centralized voting system, minority shareholders can choose to "vote 5 times and vote for 1~2 director candidates to ensure that these two people can be elected".

A series of company law systems, represented by centralized voting, are not only used in the election of directors, but also in detail in a series of appeal/rejection matters for corporate management decisions. The specific laws are so vast and redundant that it is certainly impossible to enumerate them all.

But in a nutshell, the conclusion is that when a small shareholder or a group of small shareholders who act in unison own more than 26% of the shares, they have the ability to prevent the majority shareholder from clearly endangering the interests of the company, such as buying high and selling low related party transactions.

And this kind of thing, in the past year, Gu Mojie has relied on the current situation of the lack of business supervision in the domestic securities market, and he has never done less!

Otherwise, how could he rely on Hatsune Entertainment to make money and support money-burning companies like Hatsune Network Technology and Hatsune Intelligence?

……

Gu Mojie finally woke up. He poured himself a full cup of tea, and solemnly confirmed:

"You're saying that those who are buying equity behind the scenes are likely to think like this: although Hatsune Entertainment's mess at the moment is not necessarily worth 40 yuan a share.

But if you can absorb enough chips to ensure that all the company's future normal business profits are kept within the company and shared by shareholders. Instead of 'every two dollars earned, one dollar will be transferred by the major shareholder to the major shareholder's affiliated company'.

Well, Hatsune Entertainment's share price is worth 40 dollars a share - at least it takes into account the long-term momentum in the future. ”

"That's what it means." Gu Yongjiang simply affirmed Gu Mojie's summary.

In other words, the purpose of these people at the beginning was to hold a huge amount of chips for a long time? Are they genuinely here to invest, not to speculate? At the beginning, we interpreted the curve of 'putting a huge amount and going higher at the same time' as 'someone is going to take the opportunity to make a wave', but it was actually a misreading? ”

"If the follow-up evidence is not biased, it should be so."

Gu Mojie's expression was solemn, and he got up and paced back and forth. Gu Yong couldn't guess his thoughts, and pondered the suggestion: "If you are afraid that the company's future business freedom will be limited, you can consider letting it out a little less." At present, you have only sold 5%, plus 15% of last year's IPO, and the total number of outstanding shares in the market is only 20%.

Even if that Jiang Gongzi sucked it all out - which was actually impossible to do - it would only be 20%, and there would still be 6% to go before the 26% cut-off point. If you insist on selling out the remaining 10% of the unrestricted shares, so that the outstanding shares increase to 30%, then the risk is uncontrollable. ”

"But we need the money to expand quickly! Just by completely subduing Lei Jun's family, I have reserved nearly 10 billion yuan of funds and ammunition, and there are many other places to use money.

This year's plan is to make Hatsune Wallet, but we can't fight with Lao Ma for traditional e-commerce, so we can only find another way to fight for other fields that require electronic payment. No one knows how much the difference is.

The 2nd generation of the original mobile phone in research and development will definitely add the GPS module. After the mobile phone goes on the market next year, I still want to do a unique high-quality navigation, and even connect it with the previous electronic payment to do personalized offline service payment. Both of these require our own navigation maps, and we can't start from scratch like Baidu and Google. At present, the only thing that looks reliable on the market is a Gaode map, and the market value of that thing is more than 500 million US dollars.

Last month, the people in the public relations department also learned from Yang Ministry, the General Bureau, and Uncle Ban that the films we bought from the 'Legendary Pictures' in the future are not domestic films, and they cannot be released within the domestic film protection month, and there will be a lot of losses in the long run.

It was Yang Bu who helped me mediate, and the final condition given was that 'more than 50% of the production localization was completed'. In the future, we will definitely buy a Hollywood post-production special effects company, move to China, hire a certain proportion of Chinese employees, and achieve localization. At the very least, it's at least billions of spending.

Think about it, how much less can 40 billion be for me? I am looking forward to the stars and the moon, just waiting for the ban to be lifted. You give me a 'in order to prevent the company from having a new uncontrollable major shareholder', and stop lifting the financing ban? ”

Gu Mojie complained a lot.

Gu Yong will know many things, and even he has personally handled and learned about them. But he knew the grievances in Gu Mojie's heart, so he chose to listen to Gu Mojie's broken words.

In the final analysis, Gu Mojie walked too fast. Or rather, he wants to reap the benefits of rapid financing and expansion, but is not willing to pay the price of losing absolute control of the company - how can there be such a good thing in the world? If it is really that easy to do, will the company laws and remedies of various countries be eaten?

Gu Yong reluctantly persuaded: "Ajie, it is impossible for one person to take all the benefits......"

"Don't worry, I understand this - it's not that I'm completely unwilling to lose the right to continue to use the money earned by Hatsune Entertainment to feed other industries, I just think this day has come too soon.

If you can give me another year, by this time next year, the second round of the ban will be lifted, and then it will be able to sell off and raise tens of billions of dollars. In this year's operation, at least two or three billion profits can be transferred from Hatsune Entertainment every month. Then our overall market will be completely stable.

Wait for Hatsune network technology to surpass or at least catch up with Fuji Xun in IM/SNS, and wait for Hatsune Intelligent's second-generation mobile phone to really establish a forced grid. In the future, even if 'the money earned by Hatsune Entertainment can only be spent by Hatsune Entertainment', I will admit it. ”

Gu Mojie's statement made Gu Yongjiang feel a glimmer of hope in his heart. This demand is much more achievable than a "long-term dictatorship."

Moreover, the lifting of the ban is 5% per year. If by this time next year, Gu Mojie will sell a total of 10% of the shares, increasing the proportion of outstanding shares of Hatsune Entertainment to 40%. Then, it would have been impossible for Gu Mojie to control the company to do that kind of transfer of interests.

"That's it, I'll have to wipe this ass. I'll help you figure out a way to give you another year of dictatorship - but only one year. When the time comes, don't blame me for picking a son to go ashore. Gu Yong punched Gu Mojie in the shoulder, and smiled helplessly.

"Of course, just a year! We will not break our promises this time! ”

"Yes, but don't think that I agreed, this matter is fine. You don't know who that Jiang Gongzi is. You are so obstructive of other people's dividends, how much hatred, you have to think clearly for yourself, whether the offended person can be even. (To be continued.) )