December 18th.
Gome Home Appliances announced on the Hong Kong Stock Exchange that Far Away and Gome had officially reached an investment agreement.
Far Away officially entered Gome, acquiring Gome E-Commerce and Cuba, and integrating into the Far Away Mall system.
Far Away paid 1.6 billion RMB in cash to acquire 1.6 billion shares of Gome, accounting for 8% of the total shares.
This price was not low at all.
Before Gome was suspended, its share price was only slightly more than 1 HKD. HKD was not as valuable as RMB, and it was about the same as the market price before the suspension.
The announcement also revealed that Gome would reorganize the board of directors, the nomination committee, and the remuneration committee.
After the reorganization, Gome would continue to make announcements to the public to announce the reorganization.
In addition, Gome had already checked the company's accounts. There was no embezzlement of funds by shareholders, and it would strive to resume trading next month.
…
Once the announcement was made, Far Away entering Gome became an established fact.
In the stock market, the investors who were previously in a state of panic were completely relieved.
Far Away entering Gome was definitely the best of the best.
There were no industry barriers between the two parties. Far Away was one of the leaders in the department store industry, and its online e-commerce business was also in full swing.
At this time, joining hands with Gome, in everyone's eyes, was a good time for Gome to regain its prestige.
As for how Far Away entering Gome would affect the Huang family, the shareholders and the general public did not really care. Anyway, whoever was in charge was in charge.
The shareholders wanted to make money, while the general public wanted better services and discounts in Gome.
Obviously, Far Away could achieve both.
If that was the case, what was the difference between Far Away or the Huang family?
…
On the same day, Li Dong reached an agreement with JP Morgan Chase. With 16 million shares of Weibo, plus the condition of being one of the lead underwriters of Weibo's IPO, he obtained 8% of JP Morgan's shares.
At this point, together with Shen Xuehua's shares, Li Dong held 33% of Gome's shares.
However, at this time, Li Dong was faced with two major problems.
First, those who hold more than 30% of the shares, whether directly or indirectly, must report to the securities regulatory authorities and fight for immunity from the announcement of the offer.
Second, the acquisition of shares by agreement must be submitted to the board of directors and the shareholders' meeting for approval.
Only after the shareholders' meeting and the board of directors' resolution can it take effect.
If there were any dissenting shareholders, the dissenting shareholders would have the priority to buy back their shares. They could negotiate with the selling shareholders to buy back their shares.
This was also to protect the rights and interests of the original shareholders and prevent the original shareholders' rights and interests from being damaged.
The securities regulatory agency could still be delayed, but the shareholders' meeting and the board of directors had to go through. However, these transactions were not completely completed.
Li Dong was actually not too worried about the attitude of the three families. Gome currently did not have that much money to buy back the shares.
Moreover, the valuation of Weibo's shares had changed a lot. Morgan and JP Morgan would not care about Gome's premium of one or two hundred million.
As for Fu Kang, there was no need to worry about the Cheng Family turning against him.
The priority buyback was also based on the agreement of both parties.
What he was afraid of was that the Huang family wouldn't agree to it. At that time, the biggest possibility was that they would go to court and forcefully buy it back.
This was the reason why it was difficult to acquire a listed company.
Morgan and JP Morgan were fine, and Gome would not win if they went to court. It was mainly because of Fukang's offer of 1.5 billion. Once the lawsuit was filed, Gome's offer of more than 1.5 billion might be forcefully bought back by them.
Feng Yu could delay all these for the time being. The key was that Gome wanted to restructure the board of directors, and this was an opportunity for Li Dong.
After the reorganization, Li Dong and the rest of the organizations could submit their acquisition proposals again.
But no matter what, the Huang family had to face this challenge.
Li Dong's purpose of delaying was to acquire more shares.
He did not even need to get the board of directors' approval to acquire more shares.
Even if Fukang's share competition failed, Li Dong still had the capital to fight for the controlling shares. Li Dong did not think that the possibility of Fukang failing was high.
Feng Yu only needed to increase the price, and it all depended on the Huang family.
Gome did not have much money these few years, and they could not use the company's funds. They could only raise funds themselves.
Du Juan had sold 3% of the company's shares and received ¥600 million.
The Huang family also had some savings over the years, but it was not a lot. Most of them had been invested in the company, and they might not be able to gather 1 billion.
Li Dong pondered for a while before he said to Sun Tao, "We will restructure the board of directors on the 19th, and we will submit our report on Fukang's shares on the 20th. Fukang owns 8% of the shares, and Du Juan might not dare to go to war with us to forcefully buy back the shares. As long as Fukang is settled, we don't need to worry about Morgan and JP Morgan. At that time, it will be useless even if Du Juan objects. She can't take out so much money to buy back the two companies' shares. The changes in Weibo's shares will be huge, and it won't be easy for the court to handle it. Our chances of winning are high. "
Sun Tao nodded, "This is also what I wanted to say. Actually, there's no problem with Fukang. As long as Fukang insists on not agreeing, the buyback proposal will not be passed. Worse comes to worst, Fukang will not sell its shares. As long as Fukang supports us, we will still have the advantage. Let's see what Fukang thinks. "
Li Dong smiled, "Don't worry. Since Fukang has agreed, there's no reason for it to go back on its words. Then let's do it this way. After Fukang approves the proposal, we will submit our proposal to the CSRC and Hong Kong Stock Exchange. It's not a big problem to delay it for one or two days. Now, I am looking forward to the others' reaction when I propose to buy Fukang's shares. "
Sun Tao smiled reluctantly. What's there to look forward to? If Du Juan refuses, there will be trouble.
Over the years, most of the people who tried to forcibly seize the shares of listed companies had failed at this step.
But now, the Huang Family is weak, and they don't have enough funds. Otherwise, they will have no chance to win.
… …
Li Dong is taking action, and Chen Lang is also not weak.
Chen Lang used 16 million Weibo shares to reach an agreement with four institutions to exchange 1.8 billion HKD convertible bonds.
So far, almost all the institutions in Hong Kong that hold bonds were bought by Chen Lang.
And Shen Qian, who is far away in the United States, has also entered the final stage of negotiations with several institutions. For any investment institution, Weibo is more attractive than Gome.
Money may not work, but most institutions are willing to exchange shares of Weibo.
And the third-party institutions entrusted by Li Dong also began to contact some small shareholders.
Everyone is taking action, and the storm is coming.
At this moment, Du Juan and the others haven't paid attention to this side for a while. They also didn't expect that someone would complete so many transactions in such a short time.
At this moment, they are still concerned about the reorganization of the board of directors on the 19th.
It is only the third day since Li Dong signed the agreement and entered Gome!
In three days, the situation has changed dramatically. Perhaps no one has expected that Far away can create such a speed.
In fact, they have also heard about the change of the bonds in Hong Kong. But bonds are bonds, and at present, the relationship with Gome is not very big, and only a few people really care about it.
In normal times, Gome will definitely ask about the situation.
But at present, there are too many things to do in Gome. Du Juan can't leave, and Cheng Xiao can't leave. If they send someone else to go there, they will be sent back after a few words.
…
December 19th.
Li Dong got in the car and was ready to go to the headquarters of Gome.
At this moment, it is still late at night in the United States. After a difficult negotiation, Shen Qian called Li Dong wearily.
"I used 8 million shares to buy 700 million bonds. I came to the United States to negotiate in person, but they seized the opportunity and refused to let go. I'm sorry."
Shen Qian felt helpless and blamed herself. Sun Tao used 16 million shares to buy 1.8 billion bonds in Hong Kong.
But she used 8 million shares to buy 700 million, which is a difference of hundreds of millions. This loss is not a small amount.
Hearing this, Li Dong said with a smile, "Okay, it's much better than I thought.
I only spent 1 billion Hong Kong dollars and 24 million shares to buy a total of 3.5 billion bonds, which is beyond my expectations.
And the speed is very fast, no slower than me.
Next, I'll exchange the remaining 6 million shares if I can, but it doesn't matter if I can't.
With so many convertible bonds, I can exchange them for shares, which is enough to offset the injection of the unlisted part of Gome.
It's getting late. Go to bed early.
Today, Gome will hold a shareholders' meeting to reorganize the board of directors.
I'll see if I can squeeze a few more people in. Once it's done, our future will be much easier. "
"Well, don't be too tired. I'll talk to you tomorrow and the day after. I'll return to China before the 22nd."
"Okay, then I'll hang up first. Be careful."
After a few words, Li Dong hung up the phone and exhaled. "The speed is beyond my expectations. Wang Yue, your next task is to disintegrate Gome from the inside.
The Huang family has been in charge of Gome for 20 years. It's more difficult to disintegrate their fighting spirit than to acquire them from outside.
Your task is very difficult. You can find a way to cooperate with the Euphoria Group to suppress the strength of the Huang family.
When necessary, get rid of some of the Huang family's staunch supporters.
As for the board of directors, even if the Huang family doesn't agree to it, we still have the advantage.
Then again, we can only do it after the matter with Fukang is over. Or we can use this as a bargaining chip to get the Huang family to take a step back. You have to cooperate with me. "
Wang Yue, who had just arrived in Beijing, was exhausted, but she was full of energy. "I got it. General Manager Li, don't worry about it. I will not give the Huang family an opportunity to make a comeback!"
"That's for the best. When Gome comes under our banner, I'll kick out Yuan Chengdao and let you be the President!"
Wang Yue wore an awkward expression, while Sun Tao was left speechless once again.
At this moment, the two of them were helpless. Can you not spout nonsense? If Mr. Yuan heard it, who knows what he'll think?
Looking at her, Li Dong chuckled, "At least I'll give you some motivation in case you run out of motivation. As for Mr. Yuan, we can just let him be the Vice-Chairman. It's also considered a promotion. "
Wang Yue forced a smile and said, "Don't say that, Director Li. This is my duty. But of course, if General Manager Li really wants to take care of me, I can also be the Executive President. "
"Wang Yue, General Manager Li is just joking. Don't take it seriously!" Sun Tao couldn't help rebuking.
"So far away, General Manager Sun, it has always been a fair competition with rewards based on merit. General Manager Li has also been insisting on this, which is why we have the opportunity to rise. You might be satisfied with the present, but I'm not. If I'm satisfied, I wouldn't have chosen to go to the southwest region and stay with you. "
"You're saying that I don't have any ambition?" Sun Tao asked with a depressed expression.
"Isn't that the case?"
"What I'm doing is steady. What you're doing is rash!"
"See, you're still the same. So, you're still the Vice-Chairman even though you started a business with General Manager Li. But I might soon become the Executive President."
"…"
Sun Tao was hit hard. His face was full of helplessness and depression.
Listening to the two bickering, Li Dong laughed. "Brother Sun, you're not wrongly accused. You're still lacking in vigor. You're not even 40 yet. Maybe I'll retire one day and give you the position of Chairman. You have to work harder. I have faith in you. Otherwise, won't you lose face if Wang Yue is a few ranks higher than you? "
Sun Tao forced a smile and said, "I'll fight for it. To tell you the truth, I felt that I should've retired two years ago.
Later, General Manager Li kept asking me to take over. I barely managed to do it.
But now, I'm really lacking in strength.
It's mainly because General Manager Li has treated me too well. The options on Weibo and the shares of the supermarket.
I'm going back to retire now and I'll be free for the rest of my life.
Why don't you take back some of your shares and let me be more motivated? "
Sun Tao owns 3% of the shares in the supermarket. Li Dong promised that the shares will not be diluted, and he can use dividends to offset the increase in the future.
After the supermarket and shopping mall merged, Sun Tao's shares in the supermarket will automatically be converted to the retail group's shares.
The diluted portion will be offset with dividends. Anyway, he will not get any dividends, but he can keep the 3% shares.
Based on the retail group's previous value, the net assets are more than 40 billion.
In fact, as the economy recovers and the retail group continues to expand, the retail group's value will continue to increase.
With the continuous profits and the expansion of the online group, the retail group's net assets will reach 50 billion soon.
As for Sun Tao, even if he did not receive dividends, his shares alone were worth 1.5 billion.
Also, the options on Weibo will be worth more than 100 million once it gets listed.
Sun Tao said that he is not motivated anymore. It is partly true. On one hand, he is not motivated anymore. On the other hand, he is worried that Li Dong will treat him too well. If he continues to win, there will be some undesirable changes.
When the founders reach the later stage of the group, they will be in an awkward position.
Ali is like this, Tencent is like this, and most companies are like this.
Li Dong said that he hopes to be with him until the end. Sun Tao understood it better. Maybe this is Li Dong's warning.
Therefore, in the past two years, although Sun Tao is still learning and improving his execution and control, he rarely shows it.
He is also the only executive Far away, other than Li Dong, who has a lot of wealth.
Hsu Shengzhe is not counted. His shares are fake.
Weibo is not counted. He spent real money on the investment bank.
He is the only one. In less than five years, he hitched a ride on Li Dong's car. From penniless, he became a billionaire.
Sun Tao's words made Wang Yue stop talking.
Wang Yue understands Sun Tao's mentality.
But in Wang Yue's eyes, Sun Tao is still too cautious.
In the past few years, Li Dong had been flying higher and higher, going further and further. Not to mention that his wealth had already exceeded 100 billion, his goal had already expanded to the entire world.
At this time, will Li Dong care about Sun Tao's 3% shares of the retail group?
Will Sun Tao dare to rebel against Li Dong?
As an elder, Sun Tao should have Li Dong's trust the most. Li Dong actually hoped that Sun Tao would be more capable, and not as he was now, where his edges and corners had been ground down.
But everyone thinks differently. Wang Yue can't dictate Sun Tao's thoughts.
Maybe because of this, the two of them broke up peacefully. After all, it is difficult for two people with very different personalities to stay together.
After Sun Tao finished speaking, Li Dong glanced at him and said, "If you really don't have the motivation, you will feel bad. Simple. You want to find some trouble, I will help you. In the next three years, Far Away Technology and Retail Group will grow by more than 50% every year. After three years, the target will be achieved, and the shares will be returned to you. Otherwise, I will give you a few hundred million and you can retire. "
Sun Tao's mouth opened and closed. After a while, he smiled bitterly. "Is this considered a trap of my own making?"
"I don't want to see you become useless. Aren't you afraid of depression if you suppress it for a few years?
At this time, there is no one that I, Li Dong, can't not accept.
If you are capable, if you are capable, use it!
The more capable you are, the happier I will be!
This is not just for you, but for everyone.
As for the shares, do as you see fit. If you really think that this is a restraint, I will let you.
I, Li Dong, have never seen anyone who doesn't love money.
What are you worried about?
After following me to start a business for so many years, our net worth is barely over a billion. Ma Yun can create a large number of billionaires, and Ma Huateng also tossed around a group of billionaires, and even billionaires.
Following me, Li Dong, can't there be anyone who can compete with them?
Or is Er Ma more open-minded than me?
Am I really that cruel to my own people?
Think about it. You are becoming more and more petty. You don't learn anything, but you learn this. I don't know who led you astray.
Far Away's shares, I still need to fully control the group, so I did not create anything else.
In the future, when I let go, the number of billionaires I create will not be less than Er Ma and the rest, only more. "
After Li Dong said a few words, the car came to a stop.
Ignoring the two of them, Li Dong got out of the car.
Wang Yue, who was following behind, whispered, "Petty. I told you long ago, but you still don't admit it."
Sun Tao said angrily, "Don't talk to me like this. I learned it from him."
"Ahem …"
Wang Yue coughed dryly. You have the guts to say this in front of Li Dong. You did not refute it just now.
Sun Tao could not be bothered with her and continued thinking about Li Dong's words.
He had no feelings for Wang Yue now. This woman was too domineering. He had to find a gentle and virtuous wife later, lest he had to be scolded by his wife after being scolded by Li Dong.
In front of him, Li Dong had already met up with Gome's director who came to greet him, and they walked towards the headquarters together.
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