Li Changsheng naturally wouldn't know that his passing today was an accidental contact with the first paparazzi in active service and the first paparazzi in the next few years. I guess even if I know, I don't care. It's not that easy to catch him.
However, I am indeed targeted now. It is not appropriate to not let some news out to divert attention. So Li Changsheng planned to officially release the news today and officially promote TVB's shareholding reform.
This shareholding reform was a plan that Li Changsheng had before. He studied many classic cases, especially after seeing Jack Ma who was surprised by Yunjiao Huagai, he specifically studied the guy who looked like a Martian, and the result really made him discover some interesting things.
The same shares have different rights, which is what the outside world often calls the AB shares voting model. This is very common among emerging Internet companies and is also the key to those founders who have a small amount of outstanding shares but can firmly control the company.
Many Chinese companies listed on US exchanges now have a two-tier equity structure. Although there are differences in gameplay and details, they are similar in terms of principle and purpose.
Li Changsheng now owns more than 70% of the shares and has absolute voice. Any agreement can be passed directly, as long as it is not blatantly infringes on the interests of small shareholders.
He certainly cannot hold such a large amount of shares for a long time, but he cannot give up the control he had finally obtained. Being able to hold 70% is the layout of Li Weiguo and China Overseas Group for many years. In addition, many large families and consortiums have no interest in TVB before, but TVB is not like this now.
So Li Changsheng plans to propose a resolution with different rights today, and then hold a shareholders' meeting to pass this resolution within a week. After that, even if he only has 10% of TVB shares, the actual control of TVB will be firmly in his hands.
Of course, many people are watching TVB shares worth 70 billion in Li Changsheng's hands. The current TVB situation is very good, but the stock price is basically stable at around 100 billion. Because there is no circulating stock outside, many people directly regard it as a strategic share allotment, just wait for dividends. This is much higher than the regular interest rate of banks, and the return on investment exceeds 8%.
Just as TVB's senior executives were waiting to eat the melon, they suddenly received such a notice. At the same time, they appeared in the conference room on time, and then they heard the equity reform proposed by Li Changsheng, with the same shareholding and different rights.
Of course, TVB's senior executives would not refuse this resolution, because the reason why Li Changsheng did this was not to further expand TVB and give more cakes to share with others. This is of course a major benefit for them who do not have the right to vote for shares.
Li Changsheng was very satisfied with the reactions of these people. Compared to delisting directly, this is the best choice that all parties can accept now. Li Changsheng had thought about delisting, but after thinking about it, the stock change was more cost-effective.
This time, the reform of different shares in the same shares will change 20% of the shares into A-shares with ten times the voting rights. Simply put, these 20% of the shares will be recorded as 200 votes, while the remaining 80% will be 80 votes, with a total of 280 votes.
As for the quota of A-shares, it is naturally calculated directly based on the existing shares, and divided by the total of all shareholders' holdings by 5, once passed, it will be officially submitted to the Hong Kong Stock Exchange.
There are indeed too many 70% of the shares, and at the same time, the management does not participate in decision-making at all, which is not convenient for you to manage, so I will take out some A-shares and B-shares for equity incentives and power incentives.As for the final quota, we have to wait until the shareholders' meeting officially passes the resolution of the same share and different rights. This is what today's regular meeting is, and we will discuss it after the shareholders' meeting results are released.
Although the meeting seemed to be a formality and ended in a hasty situation in less than ten minutes, it caused a stir in Hong Kong as soon as the meeting ended. TVB's stock price directly broke the previous tacit understanding and showed a crazy rise.
A-shares are definitely valuable, and they will only be divided this time. In the future, the only B-shares that have no voting rights will be circulated outside.
Although there is not much difference in dividends, there are two concepts in terms of value. Direct exchange of 5 to 1, and holding 1% can participate in the shareholders' meeting to exchange A-shares, which naturally makes countless investment institutions very moved.
After hearing this news, Li Jiacheng immediately went to his father Li Weiguo's office and told Li Weiguo the news. In fact, Li Changsheng had called Li Weiguo before, but this is the attitude, the attitude that a crown prince should have.
It's a very smart approach. It's not good to really choose to delist. After all, this is a TV station, which is different from other industries. This can maximize the control of the operating rights and make the entire cake market bigger and bigger. Unfortunately, it's too difficult for China Overseas Group to do this.
The same shares have different rights, which were first specially developed to avoid inheritance tax and protect the right to control the industry. Otherwise, many large enterprises will easily experience fatal crises when their founders die and face huge inheritance tax, and ultimately lose control. Like many other large consortiums, China Overseas Group also has such potential crises.
Because such important news suddenly broke out, no one cared about Li Changsheng's gossip and scandals, and there was no real evidence. It would be better to think about how to grab more TVB's circulating shares and attend the shareholders' meeting held on the top floor of TVB on Friday morning. It is said that someone has already paid a valuation of 200 billion yuan to purchase circulating shares.
Will the 200 billion be a little too high?
Not high, not high at all. I knew I had the chance to get a star license from the mainland, so I shouldn't have been so cheap. It was indeed a trick of chess. The fourth brother really gave birth to a Qilin son.
However, I am indeed targeted now. It is not appropriate to not let some news out to divert attention. So Li Changsheng planned to officially release the news today and officially promote TVB's shareholding reform.
This shareholding reform was a plan that Li Changsheng had before. He studied many classic cases, especially after seeing Jack Ma who was surprised by Yunjiao Huagai, he specifically studied the guy who looked like a Martian, and the result really made him discover some interesting things.
The same shares have different rights, which is what the outside world often calls the AB shares voting model. This is very common among emerging Internet companies and is also the key to those founders who have a small amount of outstanding shares but can firmly control the company.
Many Chinese companies listed on US exchanges now have a two-tier equity structure. Although there are differences in gameplay and details, they are similar in terms of principle and purpose.
Li Changsheng now owns more than 70% of the shares and has absolute voice. Any agreement can be passed directly, as long as it is not blatantly infringes on the interests of small shareholders.
He certainly cannot hold such a large amount of shares for a long time, but he cannot give up the control he had finally obtained. Being able to hold 70% is the layout of Li Weiguo and China Overseas Group for many years. In addition, many large families and consortiums have no interest in TVB before, but TVB is not like this now.
So Li Changsheng plans to propose a resolution with different rights today, and then hold a shareholders' meeting to pass this resolution within a week. After that, even if he only has 10% of TVB shares, the actual control of TVB will be firmly in his hands.
Of course, many people are watching TVB shares worth 70 billion in Li Changsheng's hands. The current TVB situation is very good, but the stock price is basically stable at around 100 billion. Because there is no circulating stock outside, many people directly regard it as a strategic share allotment, just wait for dividends. This is much higher than the regular interest rate of banks, and the return on investment exceeds 8%.
Just as TVB's senior executives were waiting to eat the melon, they suddenly received such a notice. At the same time, they appeared in the conference room on time, and then they heard the equity reform proposed by Li Changsheng, with the same shareholding and different rights.
Of course, TVB's senior executives would not refuse this resolution, because the reason why Li Changsheng did this was not to further expand TVB and give more cakes to share with others. This is of course a major benefit for them who do not have the right to vote for shares.
Li Changsheng was very satisfied with the reactions of these people. Compared to delisting directly, this is the best choice that all parties can accept now. Li Changsheng had thought about delisting, but after thinking about it, the stock change was more cost-effective.
This time, the reform of different shares in the same shares will change 20% of the shares into A-shares with ten times the voting rights. Simply put, these 20% of the shares will be recorded as 200 votes, while the remaining 80% will be 80 votes, with a total of 280 votes.
As for the quota of A-shares, it is naturally calculated directly based on the existing shares, and divided by the total of all shareholders' holdings by 5, once passed, it will be officially submitted to the Hong Kong Stock Exchange.
There are indeed too many 70% of the shares, and at the same time, the management does not participate in decision-making at all, which is not convenient for you to manage, so I will take out some A-shares and B-shares for equity incentives and power incentives.As for the final quota, we have to wait until the shareholders' meeting officially passes the resolution of the same share and different rights. This is what today's regular meeting is, and we will discuss it after the shareholders' meeting results are released.
Although the meeting seemed to be a formality and ended in a hasty situation in less than ten minutes, it caused a stir in Hong Kong as soon as the meeting ended. TVB's stock price directly broke the previous tacit understanding and showed a crazy rise.
A-shares are definitely valuable, and they will only be divided this time. In the future, the only B-shares that have no voting rights will be circulated outside.
Although there is not much difference in dividends, there are two concepts in terms of value. Direct exchange of 5 to 1, and holding 1% can participate in the shareholders' meeting to exchange A-shares, which naturally makes countless investment institutions very moved.
After hearing this news, Li Jiacheng immediately went to his father Li Weiguo's office and told Li Weiguo the news. In fact, Li Changsheng had called Li Weiguo before, but this is the attitude, the attitude that a crown prince should have.
It's a very smart approach. It's not good to really choose to delist. After all, this is a TV station, which is different from other industries. This can maximize the control of the operating rights and make the entire cake market bigger and bigger. Unfortunately, it's too difficult for China Overseas Group to do this.
The same shares have different rights, which were first specially developed to avoid inheritance tax and protect the right to control the industry. Otherwise, many large enterprises will easily experience fatal crises when their founders die and face huge inheritance tax, and ultimately lose control. Like many other large consortiums, China Overseas Group also has such potential crises.
Because such important news suddenly broke out, no one cared about Li Changsheng's gossip and scandals, and there was no real evidence. It would be better to think about how to grab more TVB's circulating shares and attend the shareholders' meeting held on the top floor of TVB on Friday morning. It is said that someone has already paid a valuation of 200 billion yuan to purchase circulating shares.
Will the 200 billion be a little too high?
Not high, not high at all. I knew I had the chance to get a star license from the mainland, so I shouldn't have been so cheap. It was indeed a trick of chess. The fourth brother really gave birth to a Qilin son.
![[Incestuous Novels] Qin Qing’s happy life - Harem, hunting for beauty, cool writing](/templates/nvshen/themes/img/thumb_1.png)