Chapter 52 "Kangmei" is going public
Time flies, and three years have passed in a blink of an eye.
In the past three years, "Kangmei", which holds patents, has developed into a giant enterprise in the industry. Recently, the board of directors of "Kangmei" is holding a shareholder voting meeting on the issue of whether to go public.
Accountant Ron made an assessment of the overall assets of "Kangmei", and the overall assets of "Kangmei", which has not yet been listed, have exceeded one billion, of which the most valuable is the patented formula of the lord of Peijun. After listing, "Kangmei" can expand its overall assets to 10 billion or even more than 10 billion at once.
Mr. Li is reluctant to go public with "Kangmei" from the bottom of his heart, thinking that this is to share a good piece of cake with others to take a bite. In the old man's view, "Kangmei" is not short of capital development, such a well-run, high-quality market reputation with exclusive patents of the enterprise, there is no need to go public to finance, once listed, "Kangmei" assets are inflated, but then those giant sharks on Wall Street smell of blood to come to the door to divide the cake, the old man is afraid of the capital game of those capitalists on Wall Street from the bones, I am afraid that once listed, this "Kangmei" will not be surnamed Li in the future.
There are too many capital games like Wall Street, such as the Rockefeller Group, and many of the subordinate companies under the group have changed from equity participation to holding under the operation of the capital game, kicking the original founder out of the decision-making level.
At this shareholder voting meeting, Mr. Li threw these worries in his heart to the company's other shareholder, Jabri Casaro, because it was Jabri Casaro who advocated listing.
"Li, you don't have to worry about these problems at all, in fact, I have already considered the problems you raised, Kangmei can be listed in the AB share model like Google, so that you can completely avoid what you are worried about." Jabri looked confident.
"AB shares?" The old man looked at his son.
Li Chenghua motioned to the accountant Ron to explain the meaning of AB shares to his old man, "Ron, you can explain it to my father." ”
Ron raised his glasses and said, "AB shares are also known as a two-tier shareholding structure, which allows the company's founders and other major shareholders to retain enough voting rights to hold the company after the company is listed. The specific operation is that Kangmei can issue two types of A and B shares with different voting rights, and the Class A shares issued to external investors have only 1 vote per share, while the Class B shares in the hands of the management can vote 10 votes. Class B shares are not publicly traded, but can be converted into Class A shares at a 1:1 ratio. Both classes of shares will have equal rights to pay dividends and distribute proceeds from the sale. ”
Ron paused, took a sip of his coffee, and continued: "This shareholding structure is, to put it bluntly, to give the company's founders and management more voting rights. In this way, Kangmei does not have to worry about facing hedge funds and hostile takeovers, and even if it is listed by hedge funds and hostile takeovers, the founders and important insiders who hold about one-third of the Class B shares can continue to control the company's destiny even if they lose their majority stake. Hedge funds and rights defenders who joined later will also find it difficult to control Kangmei's decision-making power under the AB share model. ”
After listening to Ron's explanation, the old man finally understood what the listing model of AB shares was, and most of the worries in his heart were relieved.
Because this shareholders' meeting is an important meeting to decide whether the future development of "Kangmei" will move towards the step of "listing", the owner of Pei County as the patent holder and the major shareholder of the company, Li Peizhi is the eldest grandson of the third generation of the Li family and the future head of the Li family, these two children were also brought into the shareholders' meeting by Mr. Li, Li Peizhi is only as an observer, but the owner of Pei is already 16 years old and enjoys the right to vote.
The county lady is 16 years old this year, and after her 16th birthday last week, she applied for citizenship of the United States Empire, accompanied by her father, and obtained an independent social security number to enjoy the social security benefits of the American Empire.
This is the first time she has participated in the shareholders' meeting of Kangmei, and she has just had the right to vote independently to participate in the important vote on whether to list "Kangmei". This shareholders' meeting also let her, who has been auditing, understand the new capital operation model of AB shares, which is a financial education lesson for her!
Because of this voting meeting of the company's shareholders, our county lady has entered the threshold of various capital operations of listed companies and the capital game methods of Wall Street financial predators.
At the end of the meeting, all the company's shareholders will start voting on whether to list "Kangmei" or not.
When it was the turn of the county lord Pei to vote, she glanced at her father, Li Chenghua just smiled back and did not interfere, so, under the gaze of everyone, the county lord raised her paws, and the claws stretched over her head at the same time I couldn't help but have a sense of excitement in my heart, at the age of 16, she finally has the right to speak independently!
After the shareholders' meeting, the specific listing operation does not need to be worried about by the lord of Pei, and it is all handled by his father, who said hello to his father and left the company with the old man and his younger brother Xiaozhi.
After picking up the car in the underground parking garage, Lord Pei sat in the driver's seat, started the engine, and drove home with his grandfather and younger brother.
This is a red Lamborghini Gallardo convertible, after its first appearance at the Geneva Motor Show in 2003, all kinds of cool photos have been frantically reposted on the Internet by Lamborghini fans around the world.
Lord Pei is not a fan of Lamborghini, she buys a car based on its appearance, and whether it is beautiful or not is her first choice to buy a car! The girl couldn't wait to go to the 4S store to buy the first car in her life the day after getting her driver's license, and when she arrived at the store, she was taken away by her cool red appearance at a glance, and asked the price, but it was only more than 600,000 American knives, and the lord of Pei County waved his hand and bought the car with his own dividends.
However, the impulsive Pei County owner regretted it soon after buying the car, because she attended Stanford University not in Los Angeles, but in Palo Alto, California, near San Francisco. The distance from Palo Alto to Los Angeles is more than 600 kilometers, which means she has to drive more than five hours to get the new toy back to school.
If you knew this was the case, you might as well put up with it for a while and wait until you get back to Palo Alto. The county lord condemned his impulsive behavior, but under the roaring sound of the engine, this condemnation was quickly forgotten by the county lord's mother, who shoved the steering wheel in one hand and a Jackson CD in the other, accompanied by passionate music along the way, and in only half an hour, the car was parked in the garage of his mansion.
In the evening, Li's father arrived home on time, and the family sat together for dinner.
Early the next morning, the county lord drove to Chinatown to see Mr. Peng, stayed at Mr. Peng's place all day, and by the way, she was a doctor in the hall, and stayed until it was dark and coaxed the master back to the back hall, she took the key to lock the shop, and then drove back to her house.
When she returned to Los Angeles from school this time, she had planned to stay for a total of 10 days, in addition to applying for a citizenship card and celebrating her 16th birthday with her family by the way, to participate in a shareholder voting meeting. After the two important things were done, the lord of Pei went to the master to report during the day and enjoyed the family at home at night in the following days.
Early in the morning of the last day, the county lady carried her luggage, said goodbye to her family, and drove back to Palo Alto with her new toy.