On the 19th of January, Li Dong returned to Far Away.
Since January, Li Dong had not been to the company much.
However, the vast distance, even without him, was still operating smoothly. Everything was going according to plan, developing in an orderly manner.
…
In the office.
Yuan Chengdao reported the recent work progress one by one.
Dong Yu had begun to integrate into Far Away Retail. Although it had not officially started, Qi Yunna and Chen Lang were already preparing for integration. Some of Dong Yu's management had already been transferred.
Qi Yunna's goal was to integrate Dong Yu into Far Away Retail before New Year's Eve.
This way, the initial integration work would be completed.
After the New Year, Far Away Retail would be ready to go public.
Speaking of Dong Yu's integration into the group, Yuan Chengdao thought for a while before saying, "General Manager Li, after Dong Yu is integrated into the group, the holding ratio will be too high, more than 80%. The shareholding ratio of others will be diluted again. It's not good if the shareholding ratio is too low, but it's not a good thing if it's too high. "
Li Dong glanced at him and thought for a while before saying, "So you mean to bring in investors before the listing?"
Yuan Chengdao shook his head. This time, it was Li Dong's turn to be surprised.
Yuan Chengdao smiled and said, "At this time, it's not suitable to bring in foreign capital. Bringing in domestic capital will be of limited help to us.
And I know what you're thinking. You don't want others to interfere too much with Far Away.
Since that's the case, letting the employees hold some shares will be of great help to the integration of the group.
Before the listing, we don't need to reward the employees with shares like before.
Instead, we'll use the form of subscription to let the willing employees buy a portion of the shares. This way, it will be more helpful to the integration of the retail group.
The stability of the group and the loyalty of the employees will ultimately depend on the interests.
Salary increases can't go on forever.
The share reward plan will cost a lot every time, and it's not suitable.
At this time, investing in part of the shares will not only let the employees profit, but also make the group more well-funded. It will also let everyone be willing to be tied to the interests of the group.
This way, the integration work will be much easier.
The rest of us are fine. Most of us hold shares in the retail company.
However, some of the executives who had just joined the group missed this opportunity.
At this time, if we open up the authority and let them turn from outsiders to participants, I think everyone will be more motivated. "
Li Dong thought for a while and finally smiled. "You told me about this plan a few years ago, but I rejected it at that time. It was a good time to bring it up again. Alright, we'll do as you say. I believe that you are already prepared. Binding interests is indeed a good way to unite the enterprise. "
Li Dong agreed to his plan, which made Yuan Chengdao feel a lot more relaxed.
Seeing this, Yuan Chengdao said, "General Manager Li, in addition to the employees' shares, do you think … we, including some of the original shareholders, can increase our shares?"
Li Dong glanced at him, then laughed and said, "It seems that you have accumulated a lot of capital."
Yuan Chengdao didn't deny it. As an executive with an annual salary of more than ten million, he did have some money.
Moreover, increasing the shares was not just to make money. It was more to let the executives and Far away benefit more.
Previously, the shares held by these executives were only 1.2% after the integration of the mall.
This time, after Dong Yu's integration, it was even lower.
It was not a good thing for the executives to hold less than 1% of the shares in a large group.
Now, it was not in the form of rewards, but in the form of subscriptions, which was a good thing for the group and the executives.
The group could return some of the funds, and the executives and employees could also benefit. It was mutually beneficial.
If it was in the past, Yuan Chengdao wouldn't have mentioned this.
But now, Yuan Chengdao didn't think it was a big problem.
And that was the truth. Li Dong laughed for a while, then said, "You're right. The form of rewards is still very limited, and the ripples are not big.
If the rewards are too high, I can't bear to part with it, and I'm afraid you guys will be worried.
After all, there are too many restrictions on the shares awarded.
For example, after Wu Shengnan left, she didn't take anything with her. I'm afraid this is one of the reasons why you guys are worried.
Although there are still some restrictions on the internal subscriptions, compared to the rewards, it will make you guys feel more at ease.
Okay, I agree with the plan in principle. Later, show me the specific plan. But about the subscription, we'll make arrangements after Dong Yu's integration.
It's also a good thing for the group to let the outflow of funds return to the group and become shares held by the employees. "
Two consecutive plans were approved by Li Dong, and this made Yuan Chengdao recover from his exhaustion.
Moreover, these two plans also benefited all the employees, executives, and shareholders, which was also beneficial to his future work.
Yuan Chengdao was completely relieved that Li Dong could support his plan at this time.
If there were no accidents, he would be the next chairman of Far away's board of directors.
Otherwise, the plan wouldn't be approved so easily.
Letting others subscribe on the eve of the listing, when Distance was unanimously favored by the outside world, was actually harming Li Dong's personal interests.
Now, it seemed that Li Dong did not mind it too much and had the intention to use this method to pave the way for him.
Of course, the shares held by the employees and the executives were indeed beneficial to the integration and stability. Otherwise, Li Dong would not have agreed to it.
But in the end, Li Dong still thought about it and said, "If there are too many shareholders, it will be troublesome to go public."
According to the current regulations, there would be some policy restrictions when the number of shareholders exceeded 200.
Yuan Chengdao did not care too much about it and smiled. "This time, the restrictions are not that big when we choose to go public.
Because many people want us to go public!
Moreover, the employees' shares will be voted on by the employee stock ownership committee before and after the listing.
The shareholders have the same opinion, and this is fundamental.
As long as the shareholders have the same opinion, the scattered shares will be managed uniformly, and with our clear structure, Far away will be the absolute controlling shareholder.
It won't be a problem to go public with some work.
If there are too many problems, we can let Far away hold the shares and make arrangements after the listing.
Of course, it will be more troublesome than now.
After all, if the shares rise after the listing, we will lose a lot from the book.
If the shares do not rise, it will be more troublesome. The employees and shareholders might not be willing to continue buying.
Therefore, to avoid these disputes, it is best to solve these problems before the listing.
I will ask people to consult with the Securities Regulatory Commission and Shenzhen Stock Exchange to see if we can avoid these troubles.
Far Away Retail is Hua Xia's largest retail company. It is even one of the top retail companies in the world. I think it is possible to relax the policy appropriately. "
With power, he would have the confidence to speak.
Far Away Retail was a giant among the giants, and it chose to go public in the country. At this time, even if Far Away did not comply with the regulations, it would be easy to get an exception.
When Li Dong heard him say this, he knew that he had probably talked about it. He smiled and nodded in agreement.
…
Yuan Chengdao's proposal was quickly handed over to Li Dong.
Dong Yu would split most of its business into Far Away Retail. The value of the real estate was there, and there was not much room for fluctuation.
Although the investment for the Far Away City project was not small, the debt was not low either.
After the integration, the debt would naturally enter Far Away Retail.
In the end, Dong Yu merged into Far Away Retail with a value of 40 billion.
This value was also recognized by the other shareholders. This was different from the mall. There was too much room for fluctuation in the mall, and there was a lot of controversy.
However, there was not as much controversy about the property.
Far Away City and the employees' residential area. Far Away City was the most valuable. The employees' residential area was mainly for the welfare of the employees. In this aspect, Far Away had made some concessions. At this time, it was not good to argue about it.
It was not a good thing for the shareholders to be ostracized by the employees.
In addition, Far Away had the most shares. Li Dong took the biggest share and gave some benefits to the employees. The other shareholders did not have much of an opinion.
After the integration of Dong Yu, Far Away Retail's shares changed again.
According to the budget, Far Away Retail after the integration, Far Away Holdings' shares reached 80.1%.
The other shareholders' shares were diluted, but not as much as the previous time.
And the total value of Far Away Retail reached 412 billion in one fell swoop.
According to Yuan Chengdao's idea, at the price of 10 dollars per share, the total share capital of the retail group reached 41.2 billion shares.
After that, there would be an additional portion for the employees to subscribe and the senior executives and shareholders to increase their shares.
Far Away Holdings would keep the original share capital unchanged. This way, Far Away Holdings' shares would be reduced to less than 80%. It would not damage Far Away Holdings' controlling stake, and it would also make the group's equity structure more stable.
As for the amount of new shares to be added, Li Dong glanced at it. Not long after, he met with Yuan Chengdao again.
In the office.
Li Dong held the document and said, "Are you sure it will work? Adding 2.8 billion shares at the price of 10 dollars per share, that would be 28 billion. This time, it is mainly internal. Are you sure Far Away Holdings can digest that much? "
Yuan Chengdao smiled and said, "General Manager Li, you are underestimating Far Away Holdings and the other shareholders.
Actually, this is the plan after I made the restrictions.
Otherwise, adding 2.8 billion shares would not be enough.
Those allied companies hope that we can open up a higher quota for them.
Let's not talk about them. Let's talk about ourselves.
Previously, when you agreed to the plan, I mentioned it to the others.
In the end, these fellows who usually pretend to be poor suddenly became rich!
Even CEO Sun hesitantly said that he wants to increase his shareholding by 30 million shares. Adding his original shares, he holds exactly 700 million shares … "
Li Dong was dumbfounded and said, "30 million shares? That's 300 million. Where did he get so much money from? "
Yuan Chengdao smiled and said, "At first, I was also surprised. But after thinking about it, it's normal for CEO Sun to be rich. Have you forgotten? Didn't you give CEO Sun 100 million yuan as compensation? In addition to CEO Sun's own savings over the years and his personal investments, he has earned a lot. Although it's less than 300 million, CEO Sun still holds some Weibo and Tencent shares. With some collateral, it's more or less enough. This is a rare opportunity. CEO Sun emptied his family. His shareholding is higher than ours, and his upper limit is higher than ours. Naturally, he won't give up this opportunity. "
Li Dong was at a loss whether to laugh or cry. "I thought he didn't have much money now. If it wasn't for this plan, I'm afraid he would still be hiding it. If I knew he was so rich, I would have helped him more often. "
"Isn't that right? We are also surprised. CEO Sun is a frequent customer of the cafeteria. It's only after he got married that he ate less in the cafeteria. Do you think rich people are so stingy?"
The company's cafeteria was free. Of course, if you wanted to order, you had to pay extra.
However, that was for ordinary employees. For Sun Tao and the rest, there were almost no restrictions. Anyway, they didn't have to spend money.
However, no matter how good the food in the cafeteria was, the executives wouldn't go there every day.
On the other hand, Sun Tao would usually go to the cafeteria to eat when he was in the company.
When Yuan Chengdao finished speaking, Li Dong glanced at him and said, "What about you? How much are you going to buy this time? "
Yuan Chengdao said with a sigh, "I'm not as rich as CEO Sun. This time, I've pooled everything I can to buy 5 million shares."
Li Dong glanced at him. This b * stard had only been here for a few years, and he could also gather 50 million?
Could it be that he was greedy?
Of course, it was just a thought. No matter how bold these guys were, even if they were greedy usually, they wouldn't dare to show off at this time.
It could be seen that this 50 million should be Yuan Chengdao's own accumulation.
As for pooling everything, it was not to the extent of that. This guy had been earning an annual salary of 10 million for a few years.
As executives Far away, they wouldn't put the money in the bank. They also had their own investment channels.
The higher one's position was, the easier it was to earn money.
They had seen a lot and knew a lot of information. Sometimes, Li Dong would unintentionally reveal a little. During the 2008 stock market, many of these guys followed the trend and made a lot of money.
As time went by, it was not surprising that Yuan Chengdao could gather 50 million now.
Even if there was a gap between the other board members, it wouldn't be too big. They were all rich people.
This time, they were buying shares at 10 yuan per share. It was obvious that they were going to make a profit. It was normal to sell everything they had to buy shares.
The current retail value of Far away was only a little over 400 billion. No one would think that the retail price of Far Away would be the same after it was listed.
If the price really doubled, the more they bought now, the more they would earn. These people would naturally buy to the limit.
Since Yuan Chengdao felt that it was not a problem to issue 2.8 billion more shares, Li Dong didn't say anything else. He thought for a while and said, "That means that there will be another 28 billion coming into the retail account soon?"
"Yes."
"Spend the money as soon as possible. Property, stores, and Far Away City are all the time to spend money, especially Far Away City. Previously, due to funding issues, we couldn't speed up the construction. Now that Far Away City has merged with the retail, we have more funds. I hope to see Far Away City officially open for business soon after the New Year. "
Yuan Chengdao nodded. Far Away City had more than enough funds now. Although they had spent a lot of the 300 billion previously, they still had hundreds of billions of funds left.
Together with the funds from this subscription, it was a good thing to spend the money and quickly convert it into strength.
Previously, he mentioned increasing the investment in Far Away City. That way, if they faced funding problems in the future, Far Away City could act as an emergency measure to quickly recover the funds.
Previously, Dong Yu had not merged with the retail because of funding restrictions. Now, there were no restrictions after the merger.
The two talked about the share subscription for a while. Finally, Yuan Chengdao thought for a while and said, "Far Away City's retail is now extremely large after several mergers and integrations. I'm not worried about anything else now. I'm just worried that after the listing, can A shares support Far Away City's retail? "
Li Dong disagreed and said with a faint smile, "The domestic market's potential is actually much greater than that of Hong Kong's stock market. Hong Kong can support Tencent, not to mention A shares. Although everyone wants to go to Hong Kong to be listed now, I think in a few years, these people will find ways to run to the mainland. And Far Away City is only suitable to be listed in the mainland. No matter what the market is like, we have no other choice. "
Yuan Chengdao did not say anything after hearing that. In fact, Li Dong said that it could only be listed in the mainland, but that was not entirely true.
It was not impossible to go to Hong Kong or to be listed in both places at the same time.
However, he understood what Li Dong meant. If they only chose A shares, there might be some restrictions and disadvantages, but there was also a high guarantee.
In the past, Li Dong sought change, but now he sought stability.
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