Yu Ming has been busy building stocks for the past month, and has paid less attention to Ming Jun Ruohua Music Co., Ltd. and Qiongnan Hengsheng Real Estate Development Co., Ltd.

The 90 acres of land purchased by Qiongnan Hengsheng Real Estate Development Co., Ltd. because there was no investment in building houses, it was almost the deadline to be repossessed, and it was transferred to a real estate company from Beijing that urgently needed land to build houses at a price of 5.8 million yuan per mu, and Oriental Garden has also sold part of it to the newly formed company as office space.

The general manager, Jacy Cai, used the funds from the sale to purchase a newly approved piece of land.

Mingjun Ruohua Music Co., Ltd. launched 5 singles in the second half of the year, and the response and benefits were good after being introduced to the market, because it was a purchased song, although the level was passable, it failed to be on the charts.

Yu Mingzhi is no longer a singer, because Mingjun Ruohua Music Co., Ltd. is on the right track, and after participating in Qiongnan Hengsheng Real Estate Development Co., Ltd., he took the initiative to terminate the singer contract, and Xue Jun also terminated the singer contract with Yu Ming because of his limited musical talent. The two are no longer singers of Mingjun Ruohua Music Co., Ltd.

Because there are no male singers, after Yu Ming and Xue Jun terminated the contract, Mingjun Ruohua Music Co., Ltd. immediately signed two male singers, one is baritone singer Chi Ziqiang, one is baritone singer Li Yongchang, and the other is bass singer Xu Wei.

Mingjun Ruohua Music Co., Ltd. only has two singles on the Spring Festival Gala this year, namely the now popular Severia 's "I Don't Want to Say" and Dai Liana's "See You Blowing Smoke Again", Severia and Dai Liana are now well-known in the Chinese-speaking circle and are already big stars.

The rapid development of Mingjun Ruohua Music Co., Ltd. has led to a shortage of manpower and an urgent need to recruit people, but the office is so big that it can't accommodate more people.

Xue Jun, chairman and general manager of the company, gathered a meeting of the company's shareholders on the afternoon of November 28 to discuss the company's development.

At the meeting, Xue Jun first talked about the company's current problems, and then proposed that the company immediately move to a high-end office building in order to recruit more employees.

Yu Ming put forward a plan for the company's capital increase and share expansion.

Yu Ming says:

"I agree with General Manager Xue's opinion, in the short term, the company should lease a larger office space, recruit more employees, in the long run, the company does not have its own office space, the company has no real estate, employees do not have the company's shares, there is no centripetal force, the company's future development is unfavorable, I propose that the company should develop an equity incentive mechanism, the purchase of the company's own office space."

薛俊 says:

"The equity incentive mechanism is easy to say, but our company does not have the strength to purchase office buildings now!"

Yu Ming said his plan completely:

"I propose that the company increase capital and shares, and all the increased funds will be used to purchase the company's office space, and the increased sources of funds will be subscribed to a part by existing shareholders and part by the company's employees, and if it is not enough, a part can be raised from the outside."

Feng Huali said approvingly:

"I think Manager Yu's proposal is feasible, and with the development of the company, it does need to have a fixed office space."

Xu Zhiruo also expressed her opinion:

"I agree with Yu Fudong's plan to increase capital and shares, so that the source of funds will not be a problem."

Finally, Xue Jun said:

"I also agree with the company's capital increase and share expansion, then we have unanimously approved Manager Yu's capital increase and share expansion plan, and we will discuss the specific details below." ……

In the end, the resolution was that the company increased its capital and shares by 35 million yuan, increased the company's registered capital to 40 million yuan, and raised funds in half a year.

A week later, the company has moved to a high-end office building in Zhongguancun, Yu Ming also began the recruitment of employees, the number of subscriptions of the company's shareholders and internal employees has also been counted, Yu Ming subscribed 10 million yuan, Xue Jun subscribed 5 million yuan, Feng Huali subscribed 3 million yuan, Xu Zhiruo subscribed 2 million yuan, Sevillea subscribed 2 million yuan, Dai Liana subscribed 2 million yuan, other employees subscribed a total of 1 million yuan, and there was a funding gap of 10 million yuan, social fundraising.

In order to avoid outsiders from being major shareholders, at least find two investors from the society, Yu Ming contacted Qian Jinguang, the general manager of Huaying Investment Company, Qian Jinguang was very optimistic about Mingjun Ruohua Music Co., Ltd., and wanted to invest 10 million yuan, but Yu Ming declined, and finally promised Qian Jinguang to invest 6.2 million yuan, Yu Ming then contacted Liao Chengde, the owner of the topf1club bar in Xiangyang County, and Liao Chengde agreed to invest 3.8 million yuan in Mingjun Ruohua Music Co., Ltd. without thinking.

In this way, after the completion of the company's capital increase and share expansion, the registered capital is 40 million yuan, and the top five shareholders will be, Yu Ming 11 million shares, point 27.5%

After the capital increase and share expansion, the number of shareholders and shareholding structure of the company will change, the company's largest shareholder will be Yu Ming, the company's share capital structure will become: Yu Ming investment 11 million, accounting for 27.5% of the total share capital, Xue Jun investment 6.7 million yuan, accounting for 16.75% of the total share capital; Qian Jinguang invested 6.2 million yuan, accounting for 15.5% of the total share capital; Feng Huali 4.2 million yuan, accounting for 10.5% of the total share capital; Liao Chengde invested 3.8 million yuan, accounting for 9.5% of the total share capital; Xu Zhiruo 3.1 million yuan, accounting for 7.7% of the total share capital; Sevillea invested 2 million yuan, accounting for 5% of the total share capital; Dai Liana invested 2 million yuan, accounting for 5% of the total share capital; The company's employees hold 500,000 shares, accounting for 1.25% of the total share capital.

……

On the morning of December 9, 1992, before the market opened, Yuyuan Mall Co., Ltd. announced in the Kyoto Securities News that the shares of Yuyuan Mall would be subdivided on December 10, from the par value of 10 yuan per share to the par value of 1 yuan, that is, 1 share became 10 shares.

The performance of Yuyuan Mall's stock is not eye-catching, but adjusted with the market, but the decline is much smaller than the market.

After the stock split of Yuyuan Mall, the stock price changed from the closing price of 176 yuan the previous day to 17 yuan after the split.

After the stock was subdivided, the 1,506 hands on Yu Ming A's account became 15,060 hands in Yuyuan Mall; The 1,000 lots of account B became 10,000 lots of Yuyuan Mall.

Since December 11, the Kyoto index has risen more and fallen, rising and falling, and has been oscillating until the end of the year.