Chapter 1643
Words:1810Update:22/10/13 08:45:14
Wind and Rain Holdings is selling its subsidiaries' shares. This is an important event. Feng Yu said that he is busy and does not have time to manage the company. Then what is Feng Yu busy with?
Many people noticed that Feng Yu had not been to the US for a long time. They heard that Feng Yu had donated a large sum of money to Hua Xia for environmental improvements.
This is something that the government should be investing in. Why is Feng Yu paying for it? Also, is it because Feng Yu does not have enough money and decided to sell his shares?
In the past, they wanted to buy these companies' shares. But Masao Kameda said that his boss said he will not sell these shares!
Now, Feng Yu is not short of money. Why does he start to sell his shares? Also, there are rumors that it is not only one subsidiary. Many subsidiaries are selling their shares.
It seems that Feng Yu is in trouble!
So, the media in the US and Europe started to report this ambiguous news. They hinted that Feng Yu might be targeted by Hua Xia's government, and then they will take this opportunity to attack Hua Xia's government.
This news attracted the attention of the higher-ups. If this news is true, will there be any foreign investors coming to invest in the future? Hua Xia's government does not even let off their own people. Why will they let the foreign investors off?
Even China's business environment will be affected. Those tycoons will hide their wealth, not to evade taxes, but to avoid being targeted by the government.
This will have a serious negative impact on Hua Xia's economy and trade.
Someone had thought that Feng Yu is the one who started this news. Later, they felt that it is impossible. Why is Feng Yu doing this?
Feng Yu had become the flag of Hua Xia's business. Even if Feng Yu's business has problems, Hua Xia will not let this flag fall and will think of ways to help him.
Furthermore, Feng Yu did not help the country and had done so many things for the country. Feng Yu's contribution in driving the country's economic development could not go unnoticed.
Moreover, the higher-ups had never said that they were going to touch Feng Yu. They were doing their business properly, and they were not involved in any industries that were prohibited by the state. They even donated so much money every year.
Just look at the time when Zhang Ruiqiang pretended to target Tai Hua Crystalline Silicon. If it weren't for Feng Yu's blog post, there would have been more negative news about the government.
If it was not Feng Yu who created the news, then it must be the Western countries who wanted to smear Hua Xia's international image.
However, when Feng Yu wanted to sell those high-quality companies' shares, he did not inform the government. Instead, he contacted those foreign investment institutions, which made many people unhappy.
Why didn't he think of his own people when there was such a good deal? Why did those foreigners benefit?
…
"Mr. Bao, why are you treating me today?" Feng Yu put down his chopsticks and asked.
Mr. Bao also put down his chopsticks. "General Manager Feng, I heard that Wind and Rain Holdings is selling their subsidiaries' shares."
"That's right. They are selling some shares for cash."
"I heard that you are selling a lot of shares. Can you still control the company?" Mr. Bao asked curiously.
Feng Yu is a successful businessman, and although he does not like power, he has the most say in Taihua Holdings. Even if Feng Yu is not the controlling shareholder, he still has the most say.
Could it be that Feng Yu is going to change his company and is no longer the controlling shareholder? This should not be the case.
"I am selling non-voting shares, and the voting shares are still controlled by Wind and Rain Holdings. Wind and Rain Holdings has the final say on the board of directors. "
A listed company cannot control more than two-thirds of the company's shares. At least 25% of the company's shares should be traded. The rest of the shareholders also own some shares. Some of them do not have voting shares, and they own more non-voting shares. Taihua Holdings only owns more than half of the company's shares.
This time, Feng Yu had sold some shares, and he owns less than half of the company's shares. But he still has the voting rights, and the rest of the shareholders cannot do anything during the shareholders' meeting.
"Oh. I heard that those companies' shares are doing well recently. Also, many investment institutions have analyzed the company's potential. Aren't you making a loss by selling them now? "
Feng Yu laughed. "Mr. Bao, just tell me what you want. Don't beat around the bush. I know if I am making a loss or not. "
"General Manager Feng, why didn't you sell those companies' shares to our domestic investment institutions? Why did you sell them to those overseas investment institutions? Aren't they making all the money? "
"Mr. Bao, how do you know that they will make money if I sell my shares to them? First, I had to ask them not to sell their shares for at least two years. This may seem useless to you, but you will soon learn that it is very important. If the state buys the shares, you will have to come to me. "
"Secondly, those investment institutions had bought the shares at a premium. I am already making profits from this and did not make any losses. Also, I did not promise them anything. The most I can do is arrange for them to be Deputy General Managers or External Directors. These positions do not have high authority, and the tenure is only five years. These positions can be replaced anytime. "
"Also, aren't you curious why I sold so much money?"
How can Mr. Bao not be curious? But the higher-ups also do not know. Zhang Ruiqiang knows a little, but he is not qualified to participate in the discussion.
Mr. Bao asked. "Then why did you sell so much money? What are you going to do?"
"Invest. I will not deposit my money in the bank, right? "
"Invest? Do you have any good investments? Also, what investments do you need so much money for? " Mr. Bao is puzzled. Feng Yu's funds should be more than 10 billion USD. Why does he need to sell those companies' shares?
But from what Feng Yu said, it seems those foreign investment institutions who bought his shares are not getting any benefits and might even suffer losses.
"Investing in finance. It's more effective when you have more money." Feng Yu replied casually.
Mr. Bao is puzzled. Aren't those shares the finance industry?
You are selling your company's shares to invest in other companies' shares? If your company's share prices are going to fall, you should find ways to stabilize or even increase the share prices.
Mr. Bao is puzzled by Feng Yu's actions.
"General Manager Feng, are you going to invest in Gold futures?"
Mr. Bao suddenly remembered Feng Yu had invested a lot in Gold futures. Could it be that Feng Yu is going to invest in Gold futures?
Futures is also a type of finance.
Feng Yu shook his head. "No. My Gold futures are in the midst of settlement."
Huh? Feng Yu is going to sell his Gold futures?
Then why did he raise so much money?
… …
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