Chapter 107: Sina's Equity Battle

"Mr. Wang, Wang Zhidong began to buy our shares in large quantities."

In Sina's CEO's office, the secretary reported to Wang Yan.

"Wang Zhidong."

Wang Yan pondered for a while and smiled bitterly, "He has done a good business." ”

It turned out that it was sold for more than 2 yuan, and Wang Yan thought that Wang Zhidong had lost interest in Sina. Unexpectedly, at this time, he took over again at 1 yuan. However, this back and forth, I really made a lot of money.

"Forget it, let him, after all, he has such a vision, and we can't stop it."

Sina is a listed company, and its shares are tradable, so anyone can buy and sell them.

Although Wang Yan is the CEO of Sina, he can't stop Wang Zhidong from buying Sina's shares.

It's just that just when Wang Yan no longer watched Wang Zhidong buy Sina shares in the secondary market, only three days later, the secretary came to report again, "Mr. Wang, the situation is a little bad, Wang Zhidong has acquired 80 million shares of our Sina ordinary shares." ”

"What, 80 million shares?"

"Yes, Mr. Wang, at present, the shares in Wang Zhidong's hands have accounted for 10% of our total share capital of Sina."

"Stop him."

It's just that the secretary looked a little embarrassed at this time, "Mr. Wang, Wang Zhidong was acquired in the secondary market, and we can't stop it." ”

"Oh my God, if this continues, Wang Zhidong may definitely attack our Sina."

A hint of bad feeling rose, and Wang Yan immediately convened a board meeting.

"Ladies and gentlemen, Wang Zhidong has acquired 10% of our shares in Sina. It is expected that he still has some money in hand and may expand his stake to 12%. There are some concerns, I wonder what you think? ”

"Wang Yan, it doesn't matter, even if Wang Zhidong holds 12% of the shares, it is not a matter of worry. You must know that with the addition of Walden Company and my 10% stake, we have 23% of the shares, and Wang Zhidong does not pose much threat to us. ”

Duan Yongji, chairman of Sina Company and former boss of Wang Zhidong, said.

"Mr. Duan, that's what I said, but Wang Zhidong's too many shares still pose some threats to us. The board of directors immediately initiated a share buyback to prevent Wang Zhidong from acquiring more shares in the secondary market. ”

"This ......"

When they said this, they looked at me, and I looked at you, but they didn't speak.

Now Sina is not as good as before, not only Duan Yongji, but also Walden Investment Company has no money. Especially for Walden Investment, when they invested in Sina, they wanted to wait for Sina to sell the stock after Sina went public, so that they could make money. However, after Sina's listing, it has been falling and falling, and now, even if Walden Company still has some profits, it is not much. This has also caused Walden Investment Company to be a little uninterested in Sina, and if it weren't for the current stock price being too low, they would have wanted to sell it a long time ago.

"Wang Yan, let's discuss this matter again."

"No, Mr. Duan, think about it again."

"Alright, that's all for today's meeting."

With a wave of their hands, all the directors ignored CEO Wang Yan's advice and dispersed.

Watching many directors leave, Wang Yan shook his head helplessly.

"Alas, Sina rose because of capital, and I'm afraid it will also die because of capital."

I have to say that Wang Yan's worries are right.

A week later, Mr. Wang's stake officially reached 12 percent.

On the same day, Wang Zhidong officially submitted an application to Sina to convene an extraordinary general meeting of shareholders.

Yes, when Wang Zhidong's stake reached 12%, although he could not yet dominate Sina, he had the power to convene an extraordinary shareholders' meeting. In addition, when the extraordinary shareholders' meeting was held, he also proposed to the board of directors to dismiss CEO Wang Yan and appoint and dismiss the new CEO Wang Zhidong, which is his own decision. And when such news reached the media, the entire Chinese Internet shook again.

"No, Wang Zhidong is back?"

Many netizens exclaimed.

A few months ago, Wang Zhidong was dismissed as CEO by Sina and kicked out of the board of directors.

A few months later, Wang Zhidong made a comeback and re-entered the board of directors of Sina.

This is really 30 years in Hedong, 30 years in Hexi, and it is more exciting than a movie.

Almost all the media, at this moment, have focused on the Sina equity struggle.

They want to be the first to interview first-hand news, and they also want to be the first to know about the situation of Sina's equity struggle.

At the same time, major media, including TV stations, are also constantly discussing the struggle for Sina's equity at this moment. Even, many TV stations have invited a lot of experts to analyze. They have commented that Sina Portal, as the first of the three major portals in China, has always been the direction of China's Internet. At the same time, Wang Zhidong, the founder of Sina, has always been called the king of China's Internet kings. It's just that many people know about it. A few months ago, Wang Zhidong was dismissed as CEO and on Sina's board of directors by Sina's board of directors. However, no one would have thought that Wang Zhidong would come out of the mountain again a few months later. The notice of the extraordinary shareholders' meeting made Sina's equity struggle more complicated.

However, this does look like a counterattack inspirational blockbuster. However, after the analysis of these professional media people, they still expressed deep worries about Wang Zhidong's extraordinary shareholders' meeting. Although, they also admired Wang Zhidong's means of returning to Sina's board of directors. However, when they learned that Wang Zhidong only had a 12% stake, they couldn't help but shake their heads.

A 12 percent stake may seem like a lot in a dispersed Sina company, but 12 percent is not enough to dominate Sina.

However, some media reporters think. Perhaps Wang Zhidong's re-emergence this time may be due to discussions with other investment companies, and when the time comes, they will support his application to be CEO again. However, for such an analysis. Many media figures also denied it. They believe that Wang Zhidong was kicked out of Sina before because he was at odds with capital, according to their sources. When they knew that Wang Zhidong was going to hold an extraordinary general meeting of shareholders, the capital representatives of various Sina companies made it clear that they would not support Wang Zhidong. At the same time, they have repeatedly emphasized. Although Wang Zhidong founded Sina, the current Sina is a new Sina, and he no longer belongs to Wang Zhidong. In the future, Sina does not need Wang Zhidong to take charge again.

In the same way, Wang Zhidong also has such worries.

"Brother Zhang Ning, what should I do now?"

According to Zhang Ning's instructions, Wang Zhidong has won 12% of Sina's shares step by step.

This made Wang Zhidong both surprised and unwilling.

Because he knew that even if the shareholders' meeting was held again, he would be banned by Walden Investment Company and his former boss Duan Yongji. No, there is no need for Duan Yongji to appear, with 13% of the shares of Walden Investment Company, he can make a decision to deny Wang Zhidong's proposal. In other words, Wang Zhidong has the right to convene this shareholders' meeting, but it is still useless after it is convened.

There was no way, Wang Zhidong had no choice but to call Zhang Ning.

"What should I do, convene a shareholder meeting?"

"I know that a shareholder meeting will be held, but it is useless after it is held?"

"Who says it's useless?"

"Brother Zhang Ning, don't play brother, I'm afraid that 12% of my shares will be slapped by them."

"Whoever said that, can they take a picture of your decision with that little bit of shares? You should know that the decision of the board of directors is voted on by all shareholders. At best, they can only be regarded as major shareholders, but they are far from representing the whole of Sina. Although they have more shares than yours, they may not be able to fully do the master. ”

Among the domestic Internet companies, Sina's equity is the most dispersed. Even in later generations, the largest shareholder only held about 10% of the shares. This also makes many people have a question when studying Sina, how does Sina, which is not concentrated in equity, operate. Even, in later generations, the grand Chen Tianqiao suddenly became interested in Sina one day. actually went to the NASDAQ in the United States to buy a lot of Sina shares, and finally successfully attacked Sina with 20% of the shares, becoming Sina's largest stock name.

The current Sina also has such a situation.

Moreover, it is precisely because Sina's equity is not concentrated that Zhang Ning thought of this sneak attack plan.

However, Wang Zhidong didn't seem to understand, and hurriedly said, "Brother Zhang Ning, you can make it clear." ”

"Well, it's actually easy."

Seeing that Wang Zhidong was really anxious, Zhang Ning said, "Brother Wang, in fact, you don't need to be in a hurry. You have to know that you don't have much equity, and your opponent doesn't necessarily have much more equity than you. And where the rest of the shares are, you should know it. ”

"In the hands of retail investors."

"Yes, in the hands of retail investors."

Retail investors are ordinary investors, that is, shareholders who have bought Sina shares.

Even if you only buy 1 share, you are still a shareholder of Sina. When a company goes public, most companies will put a large part of their shares in the secondary market for financing, that is, let retail investors buy them. And Sina, in fact, the largest shareholder is not Walden Investment Company, nor Duan Yongji, nor the current Wang Zhidong, but retail investors. It's just that because the number of retail investors is too much, they can't form a joint force, so they have not been taken seriously.

Zhang Ning's explanation, Wang Zhidong immediately woke up, "You mean, let me win the support of retail investors." ”

"Yes, only in this way, with your stake plus the stake of retail investors, then you can beat all your competitors and, finally, regain control of Sina."

"I know how to do it, and it looks like I need to go to the United States."

After receiving Zhang Ning's instructions, Wang Zhidong immediately prepared to go to the United States.

Because Sina is listed in the United States, and the most buyers of Sina shares are not Chinese, but Americans.

As long as it is supported by retail investors in the United States, then there is no problem with one qiΔ“.

In other words, Wang Zhidong is ready to go to the United States to build momentum.

However, before Wang Zhidong was about to go to the United States, Zhang Ning gave Wang Zhidong a JianyΓ¬, "Brother Wang, I think you should go and find Jobs?" ”

"Jobs, what are you looking for him?"

"You know, Jobs was kicked out of Apple by the board of directors just like you back then."