"Feng Yu, we have to give an explanation to the board of directors, because after the media broke the news that we were going to sell our port equity to you, our Hutchison Whampoa's stock began to fluctuate frequently."
"If it weren't for us shareholders to protect the market, I'm afraid our stock price might still fall. So tomorrow night at the latest, we must give investors an explanation."
Li Zeju was also a little depressed. Although he informed several shareholders that the news was false, as for why the company did not deny it publicly, it was because of some agreements with Feng Yu.
However, these statements obviously cannot satisfy shareholders, especially many shareholders who are unaware of this matter and are very angry about it.
Li Chaoren made such an important decision, but they didn't know about it
Generally speaking, when a company sells an important business, its stock price will rise. There is basically no need for company shareholders to pull the company up, and investors will take advantage of the opportunity to make money. Because they believe that the company will gain a large profit from this.
But there are also situations where a company's stock will fall. That is, when a company sells important businesses, which will affect the company's operations and development, the company will definitely be looked down upon in the future, and the stock price will inevitably fall.
This is the case with Hutchison Whampoa now. Many investors believe that after Hutchison Whampoa sells its controlling stake in the terminal, the company's business will be fully affected. If it were not for these shareholders to protect the market, Hutchison Whampoa's stock price would probably fall a lot.
The Li family cannot ignore the interests of these shareholders, so they need to disclose information to show that they have no intention of selling the dock to Feng Yu.
Feng Yu couldn't resist it so quickly, and Feng Yu was a little helpless. Fortunately, Feng Yu has a plan B!
"It's okay. Thank you and your father for your help. I will go to Xiangjiang later and we can meet and have a good chat."
After hanging up the phone, Feng Yu immediately called Kameda Masao: "How is the sale of subsidiary stocks going?"
"Boss, more than half of it has been sold as planned, and the rest has been basically negotiated. The contract can be signed soon."
"I signed all the contracts with them today. The Li family in Xiangjiang can't bear it anymore."
If Li Chaoren announces that Hutchison Whampoa has no plans to sell the terminal to Feng Yu, then if Feng Yu continues to sell subsidiary stocks, many people will be alert and will continue to lower prices. Of course, Fengyu Holdings can also take the opportunity to raise the price, but the negotiations will take a long time.
But if the contract has been signed, then Hutchison will announce it. Then the contract will continue to be implemented. At most, everyone will just say that Feng Yu has lost money, and maybe there will be some ridicule.
But Feng Yu can bear all this. After Feng Yu doubles the money, those who laugh at him will know what Feng Yu used the money for and how much profit he created.
"Don't worry, boss, I will inform Ralph that all contracts will be signed tonight!"
…
The head of the investment department of JP Morgan was sitting with Ralph to discuss the final details of the contract. Because it only involves stock transactions, there are not so many cumbersome terms.
The big framework has already been negotiated, but there are still objections to the payment method, payment time, etc. Of course, there is another point, that is, after buying so many stocks, it is not too much to hold a senior executive position in your company, right
The two sides had serious differences over the positions of senior executives.
Ralph only agreed to give him a vice president position, but what the other party wanted was a board seat. The board of directors is the core of daily power of the company, and the power of the vice president is too far behind.
"Ralph, we have been dealing with each other for more than a day or two. You should also know our bank, JP Morgan. We have invested so much, but we don't even have a seat on the board of directors. Isn't it appropriate?"
"Woodson, then you should also be aware of my boss's behavior. All the subsidiaries we control use the original management team, and we usually only send one director and one supervisor."
Eagle Video's stock price has risen pretty well, and it is now one of the top two companies in the graphics card market, on par with ATI. In terms of independent graphics cards, Eagle Vida leads the way, but in terms of integrated graphics cards, ATI is more powerful.
Relying on this, Eagle Weida's stock price continues to rise. Many media also said that Eagle Weida's market value is far from what it should be.
JPMorgan Chase & Co. is very willing to invest in such company's stocks, but the total purchase exceeds 10% of the company's total share capital, but they don't even have a seat on the board of directors, so they cannot agree.
"Ralph, but now your boss needs money very much. He is acquiring Xiangjiang Li's industry, right? He wants to be the king of the port. This kind of strategic investment is very important, right?"
"If Li hadn't wanted to invest in the UK, he wouldn't have sold this property. Once you don't raise enough money, the business will be ruined, and the company stocks you sold before will also be at a loss."
Woodson looked at Ralph with a smile. He was the first to come to negotiate with Ralph. They didn't argue much about the price, but just because of the board seat, they haven't signed a contract yet.
Because he knew that the longer it took, the more beneficial it would be to them.
Look, the other party must be anxious now. It was Ralph who took the initiative to invite him to talk today.
Ralph looked like he was gritting his teeth: "Woodson, there is absolutely no negotiation with the internal directors. At most, I will give you a seat as an external director."
Outside directors, who are only directors and do not hold other positions in the company, have very little power in the company. Although he also has the right to vote, what influence can one person have? But it can be considered as joining the company's board of directors, and you can know the company's decisions immediately.
In this way, when there is any negative news about the company, JP Morgan can immediately find ways to sell the company's stocks to stop losses.
"No, no, no, we have purchased so many stocks, how can we only occupy the position of one outside director? At least one executive director is required!" Woodson began to push further.
At this time, Ralph stood up suddenly like an angry lion and pounded the table with both hands: "Woodson, if this is the case, then there is no need for us to talk, and our Fengyu Holdings Group, including its subsidiaries, will We will no longer have any business with your JPMorgan Chase Bank! If we don’t have enough cash, we can use stocks to offset it.”
Seeing that Ralph had become like this, Woodson also understood that this was the opponent's bottom line, and it should be set by Feng. But winning an outside director is already very successful.
"Okay, then we sign a contract?"
When Woodson signed the contract and left, the angry Ralph showed a relaxed smile. It was also very tiring for him to perform an angry emotion.
Feng Yu agreed to give outside director seats to these investment institutions that purchased stocks. Outside directors also have terms of office. When their terms are up, they can be easily kicked out if their contracts are not renewed.
All the tasks assigned by the boss have finally been completed! (To be continued.)