024 Poison Pill Project
Qian Feng opened his mouth and asked a rhetorical question.
"What do you say? Miss Wu. β
"Seeing that Mr. Qian is young and promising, he must also be a generous person. Wu Shanshan stretched out her white and tender hand and put it on the desktop, and her green and jade fingers lightly clicked on the desktop.
"You're not bad, you became a director of a listed company in your twenties. Qian Feng said funny.
"It's not comparable to Mr. Qian, I was brought from my mother's womb, that is, I am just a director. Wu Shanshan responded, and after responding, she felt that something seemed wrong, and the other party took herself into the ditch in just two sentences.
"Then in what capacity did Director Wu come to me today? Is it to visit the door for a chat, or to talk about work?" Qian Feng really took advantage of the pressure to exert pressure.
How do you answer? As a director of the board of directors of a listed company, it is obvious that he does not have the right to discuss equity control with the major shareholder raising the card, unless he is representing the actual controller; if the name is not right, the official business discussed will not be counted, and if it is a chat, it will be even more worthless.
It can only be said that Wu Shanshan's heat is still insufficient compared to Qian Feng.
The problem is that everyone is touching each other's paths, Wu Shanshan feels that it is not easy to find out, and since there is no way to answer the question that Qian Feng pressed, he can only choose to avoid it for the time being and start another topic.
"After graduating from high school, I went to college in the United States, and after graduation, I stayed there to work, rarely in China, and was recently called back by my father to take care of some work for him. Wu Shanshan thought for a moment and replied.
Qian Feng chose to be silent again.
The air froze for a few more minutes.
"I studied law in the U.S., and then went to a law firm, where the main business of the firm is to issue legal opinions for U.S. listed companies, and also provide legal advice for domestic companies to go public in the United States. Wu Shanshan reported her experience, intending to show that she is no stranger to the securities field.
Qian Feng nodded.
"Although he is beating the side drum in the securities field, that is, he knows a little bit about it, unlike Mr. Qian who is so talented and experienced in the securities field. Wu Shanshan smiled slightly and said, "I suddenly thought of something, and I wanted to ask Mr. Qian for advice, what do you think of the "poison pill plan". β
Wu Shanshan is putting pressure on her.
Qian Feng of the "poison pill plan" naturally knows that this is a special means for the actual controller of a listed company to face capital acquisition, avoid the listed company from changing hands, and resist the "barbarian invasion". It is nothing more than two large blocks, one of which is from the perspective of equity, excluding the barbarians who intend to acquire, and issuing a large number of additional shares through various forms, so as to dilute the equity ratio of the acquirer. In other words, the issuance of additional shares will dilute Qian Feng's existing 24% 003826 shareholding, and the Wu family will spend money to buy the additional shares, or form alliances with other recipients of the additional shares, so that Qian Feng will no longer be the largest shareholder.
The second major block is to start from the perspective of the listed company itself under the existing control, to increase the company's debts by a large amount, or to bind the company's core personnel, etc., resulting in a decline in the quality of the company's assets, raising the cost of acquisition, so that the acquirer's gains outweigh the losses.
It is not so easy to implement the "poison pill plan", it requires certain favorable conditions at the right time and place, and at the same time, it is also a trick to injure 1,000 enemies and damage 800 yourself, otherwise it will not be called a poison pill.
......
In fact, when Qian Feng made the plan to acquire 003826 Wujia company, he also considered the possible resistance. Therefore, first suppressed the stock price and forced the Wu family to pledge the stocks to face forced liquidation, so they had to add 4% of Wu Shanshan's equity and 50 million funds to continue to pledge, and find out the Wu family's background. Of course, it is also to reduce the cost of grabbing a large number of stocks later.
In addition, a number of shareholders of their own investment companies have already been arranged to establish contacts with the core executives of the 003826 Wujia Company to prevent undesirable situations from within.
Now, since Wu Shanshan has implicitly put the "poison pill plan" on the table, there will be no actual action except for the threat. Quite simply, it tells the enemy how to clean up the enemy.
Now that Wu Shanshan brought a counterattack that she couldn't implement to the table, Qian Feng had to beat her even more.
"Miss Wu, as soon as you say" the "poison pill plan", I think that it is not impossible to turn the "financial investment" of the card into a "barbarian invasion". Qian Feng said with a smile.
"Why?" Wu Shanshan asked reluctantly, focusing her gaze on Qian Feng's eyes again.
Qian Feng didn't say it directly, adjusted his gaze to the state of looking at each other, and began to ask questions.
"Miss Wu, with the current shareholding structure, in addition to the two of us, the shareholders holding the shares are tens of thousands of retail shareholders, if you consider issuing additional shares to dilute my equity proportion, it is not impossible, but whether it is a direct additional issuance, or preferred share subscription, or debt to equity, etc., these are all to be voted through the general meeting of shareholders, right?"
Wu Shanshan nodded.
"Let's imagine that if a shareholders' meeting is held, in addition to you and me, plus a few executives who collectively hold 4% of the shares sitting in a room, and tens of thousands of other retail shareholders can only vote in front of tens of thousands of computers, the "poison pill" is poisonous, it is a negative proposal, do you think they will vote with their hands or with their feet?"
Wu Shanshan did not respond.
After a pause, Qian Feng smiled and continued to ask.
"What do you think is the centripetal force of the company's core executives towards the controlling shareholder, that is, the actual controller?"
Wu Shanshan still didn't respond.
"Don't say that you can only get the feet of tens of thousands of retail investors, and you may not even be able to get 4% of the votes of the core executives, is it possible for me to say?"
Qian Feng didn't wait for Wu Shanshan's response, and continued to smile and say:
"Or you can increase your holdings in the stock market, and I'm only 1% more than you anyway, and tens of thousands of retail investors will definitely appreciate you increasing your holdings. β
Wu Shanshan wanted to speak and stopped.
"However, I'm curious, why do you want to supplement the pledge of 4% of the shares in your name to fill the hole for your brother, instead of directly paying the funds to redeem the pledge?"
Wu Shanshan chose to be silent again.
"If Miss Wu lacks funds to increase her holdings, I can consider lending it to you. We can increase our holdings together and push the company's share price up, and I'd love to do that so that my book profit can be even higher. Qian Feng continued, "Or lend you money to increase your holdings, or I can reduce my holdings, just as I cashed out those book profits." It's not bad, and you can also get the interest you lend to you. β
Qian Feng's last words were biased, and he was a small reply to Wu Shanshan's first words, saying that he was a superior and hidden ridicule. Obviously, this sentence touched Wu Shanshan, and Wu Shanshan glared at Qian Feng.
"That's it, Miss Wu, I'm honored to have you visit, and another day, I'll visit your father, Mr. Wu. You leave me a phone number, and I'll make an appointment then. β
Qian Feng said that he had ended this exchange and would see you next time.
Wu Shanshan got up and handed over the business card. Qian Feng took it and exchanged it.
"Okay, you are now the largest shareholder of a listed company, for the governance of the company, long-term development, we need sincere cooperation and full cooperation. Wu Shanshan said a clichΓ© and stretched out her hand.
Qian Feng reached out and closed it, feeling her hand a little cold. Then he opened the door and sent her out of the room, and asked Xing Jimei to continue to send her.
Watching Wu Shanshan's figure disappear, suddenly, Qian Feng was a little stunned, the business battle seemed to be a conversation between men and men, but he didn't expect that it was a delicate and weak female opponent who came up to confront him, a confrontation, perhaps, he was a little too much for Wu Shanshan.
Fortunately, Jimei sent someone back, with a smug expression. She is like this in her heart: except for his mother, the women related to Qian Feng are all enemies, not to mention that she is still a beauty who looks no worse than herself, that is the enemy of enemies, and the sorrow of the enemy is her own happiness.
"Brother Feng, what did you do to others? I don't think her face is very good. Xing Jimei said with a smile.
"Then what are you proud of?" Hao Zhongren came over to answer.
Xing Jimei slapped Hao Zhongren, "What's the matter with you, meddle everywhere." β