Lin Xiaosu looked around at the directors present with a smile and said, "Ladies and gentlemen, good morning! I'm Lin Xiaosu, and I'm honored to be able to work for Wu's Group with all the directors here! Previously, I worked in the Hongyuan Group in Kyoto, where I was mainly responsible for the operation of the listing of the Hongyuan Group, and successfully pushed the Hongyuan Group on the right track. I am confident that with the support of the chairman and the directors, we will be able to successfully complete the task of Wu's Group's transformation and listing!

Next, I will summarize and report to you the pros and cons of our Wu Group's listing, first of all, let's talk about the benefits of the company's listing:

1. Listing can obtain a large amount of funds in the market, which is used to further expand the scale of the enterprise, develop the operation, and also has a certain role in promoting the management level of the enterprise. After becoming a public enterprise, the brand effect has also been amplified, and the company's popularity has been further improved.

What's more, companies can also use stocks or options to attract and retain talent, increase their loyalty, and avoid becoming their competitors in the future.

2. There are a series of strict requirements for listing, especially for the company's corporate governance structure, information disclosure system, etc., in order to meet these requirements, enterprises must improve the transparency of their operations, enhance the level of corporate governance structure, and make enterprises gradually evolve from a "reckless enterprise" and "family company" to a modern enterprise.

3. The process of enterprise restructuring and listing is the process of clarifying the direction of development, improving corporate governance and achieving standardized development.

In the process of restructuring, sponsors, law firms, accounting firms and many other professional institutions provide advice for enterprises, and help enterprises clarify property rights relations, standardize tax payment behaviors, improve corporate governance, and establish a modern enterprise system through a series of processes such as asset clearance and capital verification.

In addition, the listing of a company can greatly improve its financial position, and the funds obtained through the listing of shares do not have to be repaid within a certain period of time, on the other hand, these funds can immediately improve the capital structure of the company, so that the company can borrow loans with lower interest rates. In addition, if the IPO is very successful and the trend in the market is very strong in the future, then the company may issue additional shares at a better price in the future.

At the same time, we can also use the stock to acquire other companies and further expand the company.

If the target company is publicly traded on the stock market, then the shareholders of the target company will be happy to accept our company's shares in lieu of cash when they sell their shares. Frequent buying and selling in the stock market also provides flexibility for these shareholders. They can easily sell their shares or use them as collateral to borrow money when they need to.

Also, the stock market will make it much easier to estimate the price of shares. If a company is a private company, then the shareholders of this company must value it themselves and expect the buyer to agree with his estimate; If the buyer does not agree, they must bargain to determine a "fair" price acceptable to both parties, which is likely to be less than the actual value of the company's shares. However, if the stock is publicly traded, the value of the company is determined by the market price of the stock.

If the company goes public, then the stock can be used to motivate employees, and the company can attract high-quality employees through stock options or equity gains. These arrangements often give employees a sense of ownership of the business, as they are able to benefit from the company's growth. Shares of listed companies are more attractive to employees because the stock market is able to independently determine the price of shares, thus ensuring that the interests of employees are realized.

Most importantly, going public can increase the prestige of the company and increase the company's visibility in society. Our company is noticed by the business community, investors, the press and even the general public through press conferences and other public channels, as well as the daily performance of the company's shares on the stock market. Of course, our Wu's enterprise is known to everyone in Zhonghai City, but what about when we go out of Zhonghai? Or what about when we go out into the country? How many people will still pay attention to our Wu Group?

Investors make decisions based on both good and bad news. If a publicly traded company is well-run and promising, then the company will have a first-class reputation, which will provide the company with a variety of immeasurable benefits. If a company's trademark and products are famous, not only will investors notice, but consumers and other businesses will also be happy to do business with such a company. In this way, we can not only stabilize the market of China Shipping, but also open up the external market, which is of substantial benefit to the development of our Wu Group.

Of course, there are pros and cons to everything, and going public will increase certain maintenance costs, for example, if we have to disclose information in the media, we will increase operating costs such as advertising fees, audit fees, and salaries.

In addition, shareholders have certain requirements for performance and reporting, if the operation is not good, the performance declines, the company's shares will be treated coldly by investors, and even have the possibility of delisting, so the pressure on the company's management will increase accordingly. ”

Wu Yeer's decision has not been revealed to others before, indeed, the old chairman once mentioned it to everyone when he was alive, but it was only mentioned once, the matter has not been put on the agenda, and everyone has not thought about it. Wu Ye'er suddenly announced this, which really shocked everyone, although the new chairman is young, but he is calm and decisive, looking at her attitude this time, it is imperative for Wu's Group to transform and go public.

Hearing Lin Xiaosu's words again, all the directors present discussed one after another, each weighing their own interests and losses after the company went public.

Wu Ye'er was not in a hurry, she didn't urge everyone, it was a big deal, she just looked at it with a smile on her face, and occasionally whispered a few words to Lin Xiaosu or Nie Xinyuan. After all, this matter, whether for the Wu Group or the shareholders personally, will be a major event that will affect the direction of fate, and it is reasonable to discuss it carefully.

After about half an hour, everyone's discussion gradually stopped, and Wu Ye'er still smiled and said: "We are not in a hurry to vote, everyone can express their opinions and speak freely!" ”

The first to speak was Wu Yiwen, who originally thought in his heart that Wu Yeer was just a little girl who was easy to control, even if she occupied the position of chairman, the actual control of the company was firmly in her own hands. Unexpectedly, this girl is not big, but the idea is not small, and without making a sound, she not only planted people in the company, but also made such a sudden decision.

Yes, Wu Yiwen also admitted that with the current situation of Wu's Group, if you want to seek breakthrough and development, transformation and listing is a good way, but once the company is listed, too many things need to be transparent, so it will be even more difficult for you to do something about it. How could Wu Yiwen nod so easily? At this critical juncture, Wu Yiwen didn't care if he looked good on his face, so he was the first to stand up decisively.

"Vice President Lin's words are a bit evasive, right? None of your so-called shortcomings are a big deal, and the most important thing is that you didn't mention it! Wu Yiwen snorted coldly and said.

Lin Xiaosu still said calmly: "Please Mr. Wu don't hesitate to teach!" ”

Wu Yiwen looked at the directors present one by one, and then said: "Businessmen seek profits, and all the directors here are also shareholders of our Wu Group. Vice President Lin's remarks just now seem to be exhaustive, but you did not mention the rights and interests of shareholders. As we all know, if you want to go public and raise funds, you need to issue a part of the shares to the public, so the number of shares held by the original shareholders will be diluted. In particular, some small shareholders originally accounted for a small proportion of shares, and after dilution, how many shares can they hold? How are their rights and interests protected? ”

Regarding this point, Lin Xiaosu knew that she could not avoid it, so she explained seriously: "Yes, after the dilution of equity, the proportion of shares held by the original shareholders will indeed be reduced. However, its own shares have not changed, only the overall base of shares has changed. In other words, the 1,000 shares originally held by the shareholders will still be 1,000 shares after dilution, and there will be no loss in terms of interests. On the contrary, generally speaking, a normally profitable company like our Wu Group will issue new shares at a premium, and the shares held by the original shareholders will increase in value. Therefore, shareholders do not need to worry about this. ”

Wu Yiwen still did not give up and continued: "Even so, but the shareholding ratio represents the right to speak, and the voice of small shareholders is already small, and after dilution, their voice will definitely be reduced." Aren't they dispensable to the company? ”

The smile on Lin Xiaosu's face remained unchanged, still maintaining that calmness, and said with a smile: "Mr. Wu's words are wrong! The dilution of equity is proportionate, and it does not mean that only the equity of the minority shareholders is diluted, and the equity of the large shareholders is not diluted. The chairman, as the largest shareholder of the company, originally held 65% of the shares alone, and there is no doubt that she has the greatest right to speak. To put it mildly, even if the chairman wants to engage in 'Yiyantang', it is reasonable. But the chairman has never thought or done so, and she respects the opinions and rights of every director present, including every shareholder of the Wu Group. The decision to go public is also a decision made by the chairman of the board of directors for the development of the company without considering personal interests. After all, the higher the shareholding ratio, the more the shareholding ratio will decrease after the dilution of the shares. In terms of the right to speak alone, the chairman of the board of directors has the greatest loss. ”