Thousand Gold Intern

Lin Xiaosu looked around at the directors present with a smile on his face, and said, "Good morning, all directors! I am Lin Xiaosu, and I am honored to be able to work for the Wu Group with all the directors here! Before I I used to work in Hongyuan Group in Kyoto, and was mainly responsible for the listing operation of Hongyuan Group, and successfully pushed Hongyuan Group to the right track. I am confident that with the support of the chairman and all directors, it will also be able to go smoothly Complete the task of Wu's Group's transformation and listing!

Next, let me summarize and report to you the advantages and disadvantages of our Wu Group’s listing. First, let’s talk about the benefits of the company’s listing:

1. Going public can obtain a large amount of funds in the market, which can be used to further expand the scale of the enterprise, develop operations, and also play a certain role in promoting the improvement of the management level of the enterprise.After becoming a public company, the brand effect is also enlarged, and the company's popularity is further improved.

More importantly, after the company goes public, it can also use stocks or options to attract and retain talents, improve their loyalty, and avoid becoming their own competitors in the future.

2. There are a series of strict requirements for listing, especially for the company’s corporate governance structure and information disclosure system. In order to meet these requirements, companies must improve the transparency of their operations and improve their corporate governance structure so that The enterprise has gradually evolved from a "reckless enterprise" and "family company" to a modern enterprise.

3. The process of corporate restructuring and listing is the process of clarifying the direction of development, improving corporate governance, and achieving standardized development. Before corporate restructuring and listing, it is necessary to analyze the internal and external environment, evaluate the advantages and disadvantages of the company, and find out the correct positioning.

Make the development strategy of the enterprise clear. In the process of restructuring, many professional institutions such as sponsors, law firms and accounting firms provide advice for the enterprise. Through a series of processes such as asset and capital verification, it helps the enterprise to clarify the relationship between property rights, standardize taxation behavior, and improve the company. Governance and establish a modern enterprise system.

In addition, the company's listing can greatly improve the financial situation. The funds obtained through the stock listing do not have to be repaid within a certain period of time. On the other hand, these funds can immediately improve the company's capital structure, which allows the company to borrow loans with lower interest rates. .In addition, if the new stock listing is very successful and the market trend is also very strong in the future, then the company may issue additional stocks at a better price in the future.

At the same time, we can also use stock to acquire other companies to further expand the company.

If the target company is publicly traded on the stock market, the target company's shareholders will gladly accept shares of our company in lieu of cash when selling their shares.The frequent buying and selling in the stock market also provides these shareholders with flexibility.When needed, they can easily sell their shares or borrow against them.

Also, the stock market makes estimating share prices much easier.If a company is a non-listed company, the shareholders of the company must make their own valuation and hope that the buyer agrees with his estimate; if the buyer does not agree, they must negotiate to determine a "fair" price acceptable to both parties. Most likely less than the actual value of this company's stock.However, if the stock is publicly traded, the value of the company is determined by the market price of the stock.

If the company goes public, then the stock can be used to motivate employees, and the company can attract high-quality employees through stock options or gains in the nature of equity.These arrangements tend to give employees a sense of ownership of the business because they benefit from the company's growth.The stocks of listed companies are more attractive to employees, because the stock market can independently determine the stock price, thus ensuring the realization of employees' interests.

Most importantly, listing can enhance the company's reputation and increase the company's popularity in society.Our company is brought to the attention of the business community, investors, the press and even the general public through press conferences and other public channels and through the daily performance of our shares in the stock market.Of course, everyone in Zhonghai City knows about our Wu's company, but what happens when we go out of Zhonghai?Or, when we go out of the country?How many people will pay attention to our Wu Group?
Investors make decisions based on both good and bad news.If a public company is well-run and promising, it will have a first-rate reputation, which will provide the company with all kinds of immeasurable benefits.If a company's trademark and products are well-known, not only investors will notice, consumers and other businesses will also be willing to do business with such a company.In this way, we can not only stabilize the market of Zhonghai, but also open up the outside market, which is of substantial benefit to the development of our Wu Group.

Of course, there are advantages and disadvantages in everything. The listing of a company will increase certain maintenance costs. For example, if we want to disclose information in the media, we will increase operating costs such as advertising fees, audit fees, and salaries.

In addition, shareholders have certain requirements for performance and reporting. If the management is not good and the performance declines, the company's stock will be treated coldly by investors, and there may even be a possibility of delisting. Therefore, the pressure on the company's management will increase accordingly. . "

Wu Yeer's decision has not been disclosed to others before. Indeed, the old chairman once mentioned it to everyone when he was alive, but it was only mentioned once. The matter has not been put on the agenda, and no one has gone to the deep thought about it.Wu Yeer's sudden announcement really shocked everyone. Although the new chairman is young, he is calm and decisive in his work. Judging by her attitude this time, it is very important for the Wu Group to go public. It must be done.

Hearing Lin Xiaosu's words again, all the directors present discussed one after another, weighing their own interests after the company's listing.

Wu Ye'er was not in a hurry, she didn't urge everyone, it was a big matter, she just watched with a smile on her face, and occasionally whispered a few words to Lin Xiaosu or Nie Xinyuan.After all, this matter, whether it is for the Wu Group or the individual shareholders, will be a major event that affects the fate of the company, and it is reasonable to discuss it carefully.

About half an hour later, everyone's discussion gradually stopped, Wu Ye'er still smiled and said: "We are not in a hurry to vote, everyone can express their opinions and speak freely!"

It was Wu Yiwen who spoke first. In his heart, he originally thought that Wu Yeer was just a little girl who was easy to control. Even if she occupied the position of chairman, the actual control of the company was firmly in his hands.But I didn't expect that this girl was not a big person, but she had a big idea. She had installed people in the company and made such a sudden decision without making a sound.

Yes, Wu Yiwen also admitted that with the current situation of the Wu Group, it is a good way to seek breakthroughs and development. However, once the company is listed, too many things need to be transparent, so I want to focus on some things. I'm afraid it will be even more difficult if you do something wrong.How could Wu Yiwen nod easily?At such a critical juncture, Wu Yiwen didn't care about his face, so he was the first to stand up decisively.

"Vice President Lin's words are a bit evasive, right? These so-called disadvantages are not a big deal, and you didn't mention the most important point!" Wu Yiwen said with a cold snort.

Lin Xiaosu still said calmly: "Mr. Wu, please enlighten me!"

Wu Yiwen looked at all the directors here one by one, and then said: "Businessmen are looking for profit, and all the directors here are also shareholders of our Wu Group. I don't think anyone's investment is to lose money. Vice President Lin just said In one word, it seems to be detailed, but you did not mention the rights and interests of shareholders. As we all know, if you want to go public for financing, you need to issue a part of shares to the public, so the number of shares held by original shareholders will be diluted. Especially some small Shareholders originally accounted for a small proportion of shares, how many shares can they hold after dilution? How can their rights and interests be protected?"

Regarding this point, Lin Xiaosu knew that she could not avoid it, so she explained seriously: "Yes, after the equity dilution, the proportion of shares held by the original shareholders will indeed decrease. But its own shares are not What has changed is only the overall base of the shares. In other words, the [-] shares originally held by shareholders will remain [-] shares after dilution, and there will be no loss in terms of interests. On the contrary, generally speaking, like our Wu A company that is normally profitable like the Shi Group will issue new shares at a premium, and the shares held by the original shareholders will increase in value instead. Therefore, shareholders do not need to worry about this issue."

Wu Yiwen continued without giving up: "Even so, the shareholding ratio represents the right to speak. Small shareholders have less right to speak, and after dilution, their right to speak will definitely decrease. Then they As far as the company is concerned, has it become a dispensable person?"

The smile on Lin Xiaosu’s face remained the same, and he still kept his composure. He said with a smile: “Mr. Wu’s words are wrong! The dilution of equity is proportional, and it does not mean that only the minority shareholders’ equity is diluted, not the equity of the small shareholders. The equity of the major shareholder. The chairman, as the company's largest shareholder, originally held 60.00% of Wu's shares alone. Undoubtedly, she has the greatest say. It is reasonable. But the chairman has never thought this way and has never done so. She respects the opinions and rights of every director present, including every shareholder of the Wu Group. The decision to list the company is also because the chairman does not consider personal Interests, a decision made only for the development of the company. After all, the higher the shareholding ratio, the more the shareholding ratio will drop after the dilution of the shares. In terms of the right to speak, the loss of the chairman is biggest."