Chapter 595: Re-split shares

The annual China Star International Year-end Conference was held again. After several years of operation, the process of this conference has basically formed a fixed model. In addition to different topics every year, participants and reporters waiting to inquire about the news can tell the progress of the conference almost with their eyes closed. I thought this year was the same and nothing new, but unexpectedly, the first day before this year's year-end conference was held, the spokesperson of Zhongxing announced that this year's conference had added an agenda, that is, the headquarters of Zhongxing International decided to re-dividate the group's shares and carry out corresponding reorganization of the board of directors and supervisory boards.

The news immediately attracted a lot of attention. Zhongxing International Headquarters and Xingdou Research Institute have always been the most mysterious unit in the behemoth of Zhongxing Group. Needless to say, Xingdou Research Institute is the department responsible for the technical research and development of the entire group. The domestic market has never paid attention to intellectual property rights. When foreign powers look around and even commercial spies are sent to Zhongxing Headquarters, Zhongxing is not an exaggeration to prevent and keep the StarDou Research Institute confidentiality. Not going public is a kind of protection.

In addition, Xingdou Research Institute also involves many technical cooperation projects with the domestic military. Therefore, even if Yang Xing is short of funds, he did not have the idea of ​​Xingdou Research Institute when he was listed in Hong Kong. Moreover, because of the layers of protection of Xingdou Research Institute, many of Yang Xing's ideas from his previous life can be carried out under the cover of Xingdou Research Institute. He frequently launched new products that shocked the industry, so he did not cause widespread doubts from the outside world. Why is Zhongxing International, which is not as good as its competitors, always ahead in the market.

Compared with Xingdou Research Institute, the doubts that are shrouded in Zhongxing International Headquarters are undoubtedly more intense. As the brain of the entire Zhongxing Group, although any of its "Destroy All Ten Directions" is a well-known brand, Zhongxing Headquarters can use various checks and balances to make these big brands obedient and coordinate the completion of the group's major strategies without wasting energy on internal disputes. This is easy to say, but as long as the scale of some companies in "Destroy All Ten Directions" is almost at the forefront of the Fortune 500, it is definitely not easy to get these arrogant soldiers and generals to obey and put together their strengths together.

Yang Xingcai slightly unveiled the veil of Zhongxing International Headquarters at the US Senate hearing. Everyone found that in addition to being good at management and coordination, Zhongxing Headquarters also made the asset management business very large. In addition to holding shares of its subsidiaries and cross-holding with multiple strategic partner companies, it also owns shares of many internationally renowned companies. Even if Zhongxing Headquarters does not require its subsidiaries to pay profits, relying solely on the income of asset management, it is a company with good performance.

At this year's end meeting, in addition to Xingdou Research Institute being completely Yang Xing's one-man show, and only if he re-placing shares requires his approval, "all parties are destroyed" is a listed company. Major changes in shares will naturally require reorganization of the board of directors. The group headquarters is also the first time that the shareholding structure is disclosed. This is the best opportunity to fully understand the entire organizational structure of Zhongxing Group, so many people are looking forward to it and want to see clues from the leaked rumors in the venue. Some external institutions have calculated privately that even if Zhongxing Group does not include the mysterious Xingdou Research Institute and Zhongxing Headquarters, the estimated price is at least close to US$100 billion. This is a temptation that no one can refuse!

Unfortunately, their hopes are doomed to be shattered. The high degree of confidentiality of this meeting can be said to have made all the security agencies of Zhongxing Group devote all their efforts. The participants must sign a confidentiality agreement to ensure that only a few words at the meeting are not leaked. Because it is of great importance, even Zhongxing's next CEO Jack Welch, who is on vacation in the United States, came to preside over the meeting with Yang Xing.

The reason why Yang Xing now has the idea of ​​re-registering the company's shares is carefully considered. He has gone through the journey, without the support of the central government, he will not be able to reach this level today. His roots are always in China, just like he has always maintained a Hong Kong resident certificate in China and refused to be naturalized in other countries.

But now the rapid development of Zhongxing Group has made him gradually feel increasingly out of his control. You must know that with the scale of these companies "destroy all directions", any company that goes out will be busy with its busy business, and he still dreams that one day he can live in seclusion with his wife and children on the island and live a leisurely life, and there will definitely be a conflict between the two.

Yang Xing asked himself that he was not a business genius like Bill Gates, a business genius like Jobs, so he still decided to hire professional managers to help, and finally chose Jack Welch. In addition, more and more professional managers are recruiting internationally to participate in management, but this faces new problems.

A large part of them are not Chinese, and China Star’s previous relationship with the domestic military was easily exposed, so it must be broken down first. Last time, in order to raise 300 billion US dollars, Yang Xing borrowed money from the central and Hong Kong with the group’s assets and equity as collateral. Now, in addition to returning the loan, Yang Xing felt that this was just a matter of using debts to exchange for equity, which not only diluted his total share capital, but also transferred it to the central and Hong Kong. Adding more disguise to himself can be regarded as his act of serving the country.

Now he owns more than 40% of the shares of the "Ten Thousand Destroy" company under Zhongxing Group, and even more than 80% of the headquarters and Xingdou Research Institute. Together, he accounts for more than 50% of the total net assets of Zhongxing Group. Compared with the proportion of the chairman or major shareholder of a listed company that can own 30% of the shares, his shares are obviously too high. Many countries have laws to prevent excessive concentration of shares in the hands of major shareholders and harm the interests of the company and small shareholders. If Zhongxing Group wants to develop overseas, Yang Xing's shares must be diluted.

When Yang Xing generously distributed his property to his fiancee and his parents' property, the remaining "private money" was his shares. This was much more valuable than yachts and planes, US dollar jewelry. As long as Zhongxing International operates normally, he is making profits every day. So even if he divides most of his property, he still doesn't worry about his real property shrinking.

This time, he made a big fuss in the US financial market with the chain reaction caused by the 911 terrorist attack and Enron's bankruptcy in the US market. The principal of 300 billion US dollars was exchanged for double the profit. Even if he only got a dozen of it, it was enough for his shares to increase the value. However, he liked to sleep with his grade book. This time he had to invest the money in the development of the company, and to pull the central government and the Hong Kong government into the board of directors in disguise, which promoted the equity restructuring of Zhongxing Group.

Once the equity reorganization of Zhongxing Group is completed, the previous model of Zhongxing's complete follow-up decisions will have a great change. He needs to divide a large part of the power, and the senior management of Zhongxing Group will also undergo major reorganizations. Therefore, this closed-door meeting can be said to be a historic milestone in the future development of Zhongxing!

Yang Xing's equity re-placing this time will add representatives from the Central and Hong Kong to the Zhongxing board of directors. In addition to serving the country, he is also a precautionary consideration. Calculate the time, he still has ten years to use his past life memories, but ten years later, if he does not have the advantage of rebirth, he does not want the company he founded to fall apart. Zhongxing Group has condensed all his efforts and he will never allow such a thing to happen.

But the business world is changing, and no one can guarantee that he will encounter any accidents in the future. If one day he cannot continue to operate Zhongxing, he would rather transfer it to the central government or the Hong Kong government. At least with government support, Zhongxing's brand will not fall. For this reason, he would rather let Zhongxing Group be labeled as a "semi-state-owned enterprise".

In addition, with the help of this equity re-distribution, he also included the secret projects of Zhongxing and the military under the name of the "black projects" he personally controlled. After all, any large company will have some "black projects" that cannot be said to foreigners. Yang Xing's acquiescence to him by giving up part of the equity in exchange for the members of the board of directors and supervisory board members. After all, this is a hidden rule in the business world, and it should be no problem to hide from foreign employees such as Welch.

Of course, Yang Xing's original shares plus the nearly 10 billion US dollars he earned in the United States, Zhongxing General Shares has undergone great changes, and the evaluation, negotiation, private transactions, etc. are fiercely launched around the year-end meeting. Now Zhongxing Group is well-known in Asia. Even on the streets of South Korea, Samsung's English letter advertisements are often close to Zhongxing's Tai Chi Chinese characters, while Sony D, which has already been overwhelmed by the advertisements of MMP and DMP in Japan.

In Southeast Asian countries, the signature streets and alleys of Xingfu Bank, Xingfu Department Store and Xingle Supermarket are everywhere, and Xingchen Communication's mobile posters are spread all over every place in Asian countries. Even in remote Myanmar and Cambodia, you can see it at a glance. If you can gain such fame, Zhongxing's shares are very popular.

In addition to the rumors that Yang Xing won $15 billion in the United States, every share of Zhongxing Group is almost equivalent to pure gold in the eyes of many investors. When they learned that they were going to re-draw, they rushed up like flies smelling rotten meat. Even many domestic forces also went through various relationships to get a share of the pie. As a result, it was not until before the World Congress that there was a clear result, and it also made foreign executives led by Weir truly feel Zhongxing Group's status in the Asian business world.

The final share allocation result was that the entire shares of Zhongxing Group controlled by Yang Xing and his relatives were compressed to about 35%, while the central government and the Hong Kong government controlled about 20%. In addition, Zhongxing's internal employee shares accounted for 18%, and Yang Xing and any one company joined forces to more than 50%. Unexpectedly, someone would launch a malicious acquisition.

The remaining 27% of the shares are mostly controlled by "strategic partners" such as Zhejiang Zhongchang Group, Japan's Hitachi, US Microsoft, General Electric, Singapore Investment Bureau, and Hong Kong's Li Ka-shing family. The only remaining ones are also in the hands of some Chinese rich people in Hong Kong and Southeast Asia.

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Chapter completed!