Reinventing the Millennium

The news that the head of Morningstar was going to convene an extraordinary general meeting of shareholders came from President Yang Weiyi. However, the company did not make a formal announcement, and no relevant information was circulated on the market.

On the contrary, director Rong Tianxing's shareholding increase came as promised the next day.

However, he did not increase his holdings to 5% of the holding line. The holdings posted on the social media platform were increased from 3.6% to 4.1%, which is regarded as fulfilling the 35% promise.

But this is not bad. The funds used are close to HK$50 million, which still surprises Fang Zhuo.

Judging from public information and private understanding, Director Rong’s family background and industry experience should not allow him to mobilize funds so easily.

Because Morningstar broke its IPO immediately after its listing, faced with the financial crisis, industry turbulence, and business challenges, its stock price continued to decline and the executive lockup period meant that the management team did not have time to cash out. This is why Fang Zhuo was able to impose it relatively easily. A reason for the impact.

If you already have 10 million yuan, you may not be tempted by 15 million yuan. Money will only be like that to a certain extent. However, if you only have 1,000 yuan left on you and face 15 million yuan... you still don't want to test your humanity.

For example, director Shi Deli who abstained from voting was a co-founder of the company when it was established in 2002. From scratch to now going public, it took 7 years...how many 7 years are there in life?

It's been 7 years, can't we still let the brothers enjoy it?

In addition to the actual stocks held in hand, the current breakthrough in Morningstar's business fundamentals has also made many people inside the company come to a similar conclusion - money is not enough, business is not easy to do, Mr. Liang, Mr. Fang are not outsiders... …

However, just when Yang Weiyi ordered the young people to go to the two abstaining directors to stabilize the front, the leader Liang Gongwei took more clear actions to try to solve the problem that everyone could see.

On December 23, Liang Gongwei announced that he had obtained a joint credit line from three banks: Taiwan Bank, Taishin Bank, and Fubon Bank, with a credit line of NT$9 billion, which is equivalent to HK$1.9 billion.

At the same time, he made it clear that he would not rule out plans to continue seeking support from financial institutions.

Along with the news that part of the funds had been resolved, only in the evening, Liang Gongwei arrived in Xiangjiang and released another blockbuster news in front of the media cameras. Morningstar Semiconductor was exploring the possibility of introducing Taiwanese journalists through fixed-term investment.

Money solves part of the problem, but after all, it is a loan and credit, which is only used as a preparation method and attitude display.

More importantly, Liang Gongwei found an important helper, a Taiwanese reporter.

Liang Gongwei was born in World Semiconductor. Later, when World University was acquired by Taiwan Journal, he briefly served as the associate director of Taiwan Journal, and then led more than 30 colleagues to found Morningstar Semiconductor.

We are in Baodao, and we are in the semiconductor industry. Morningstar is headquartered in Hsinchu, just like Taiji. In the early days, most of the orders were made by Taiji. But later, as it entered the mainland market, ice cores and TVs were also looming. Thanks to the tacit understanding of the manufacturers, Morningstar orders were transferred to Luzhou.

Now that Morningstar Semiconductor is facing a battle for control, Liang Gongwei easily considers Taiji, the industry's leading OEM. He has no money, but Taiji is definitely not short of money!

As long as Taiji is successfully introduced as a shareholder of Morningstar, this can form a check and balance with Fang Zhuo, thereby continuing to consolidate control of the company.

Liang Gongwei had been looking for someone to contact the head of the station reporter Zhang Zhongtong since last night. It was not until the morning that the possibility of cooperation between the two parties was confirmed. Then he immediately flew to Xiangjiang to send a strong signal to protect the company.

He faced reporters from Xiangjiang and answered the questions head-on.

"What is a hostile takeover? The company is unwilling to accept it. This is a hostile takeover. I am very grateful to Mr. Fang for his love for Morningstar, but we at Morningstar have our own team and system."

"Although Morningstar has encountered many challenges this year, I believe it will be able to adjust next year and that our partners can provide more support."

Liang Gongwei looked solemn. He first answered the question about the hostile acquisition, and then pulled back the tense relationship and continued: "We at Morningstar and Mr. Fang have always had good cooperation. This time, maybe there is some misunderstanding between each other. This problem will be solved, and Morningstar and Yike still have good prospects for win-win cooperation in the future."

Introducing Taiwanese journalists is his idea of ​​a check and balance, but he doesn't want Mr. Fang to just walk away. The situation he wants most is the coexistence of two shareholders, and what he wants most...

Even Liang Gongwei had to admit that the Yike Department did have the ability to change the situation of Morning Star. This was something that even the Taiwan Journal could not do. If there was a win-win situation, it would be the best situation for the company and the stock price.

"Mr. Liang, Mr. Liang, do you think you can still ease the relationship with Mr. Fang?"

"Mr. Liang, the ice cores of Taiji and Mr. Fang are in direct competition. Do you think the two parties can coexist in your company?"

"Mr. Liang, you think Mr. Fang is making a hostile takeover, so why are you still talking about prospects? Isn't this appeasement?"

Xiangjiang reporters asked a lot of questions very quickly, and the microphones were put in their mouths.

Liang Gongwei heard some embarrassing words and decided to end this public appearance.

He said firmly: "Everything I do is for the company. Mr. Fang is one of the business leaders of China. I believe he can understand my feelings. We still maintain communication. Mr. Fang is also a shareholder of Morningstar. I am also I believe he will also consider the interests of the company."

Liang Gongwei turned to leave.

The reporters asked more questions.

"Mr. Liang, are you committing moral kidnapping?"

"Mr. Liang, are you prepared for Mr. Fang to smash the market?"

Liang Gongwei stopped answering questions and hurriedly entered the hotel.

Of course, he had considered Mr. Fang's attempt to smash the situation, but he also felt that as long as the degree of confrontation between the two parties was controlled, this type of behavior, which would hurt both sides, could be avoided.

Directors increased their holdings, bank credit was extended, Taiwan journalists were recruited, and public statements were made.

From yesterday to today, Liang Gongwei has done a lot of things intensively. From tomorrow, the 24th to the 27th, the Hong Kong stock market will be closed for four days, including Christmas Eve, Christmas Day, and weekends. I believe that I will be able to get Mr. Fang’s reward. feedback.

Liang Gongwei decided to meet again in the next four days to recruit and dismantle the recruitment, not only to control it to a certain extent, but also to ensure that he has firm control of the company. On this basis, he can indeed negotiate conditions with Mr. Fang.

only……

On the 24th, 25th, and 26th, for three consecutive days, despite the ups and downs in the Hong Kong media and the widespread coverage by the mainland media, Yike and Mr. Fang remained silent and did not give any response.

Liang Gongwei paid special attention to the relevant sections of Sina Portal, Sina Weibo and Zhihu, and confirmed that there was no movement from Mr. Fang, just some coherent analysis by outsiders.

On the evening of the 26th, Liang Gongwei convened the board of directors again in Xiangjiang.

This time, he did not push the poison pill plan again, but talked about the feasibility and positive benefits of introducing Taiwan journalists. He even just talked about it without even voting.

"How is it? Do you think the fixed increase in Taiwanese journalists is a good thing?" After speaking, Liang Gongwei asked gently, as if everyone had never had a heart-wrenching quarrel.

Director Liang came to Xiangjiang with the boss, and Director Fang also confirmed his position after communicating with the president Yang Weiyi. They arrived in Xiangjiang together on Christmas Eve.

However, this is not to force a poison pill and discuss fixed growth...

"I object." Yang Weiyi gave a clear opinion after only a slight hesitation.

Liang Gongwei was not angry and said gently: "Why do you object?"

Yang Weiyi thought for a while. At this moment, he was opposing for the sake of opposing. He pondered for a moment, as if he was thinking about the reasons, but he still said these three words: "I object."

"Today is not a vote, or even a decision to introduce Taiwanese reporters. I just want to explore this possibility and the benefits it can bring to our Morning Star." Liang Gongwei became more patient, "Mr. Yang, you said before that you are public-minded, is it just that? Are you so public-minded?"

Yang Weiyi was silent.

Liang Gongwei glanced at Director Fang Pai and said more bluntly: "The results haven't come out yet, you can't be so sure that Fang Zhuo can drive me away, right? We always need to discuss the future of the company's development, right? We can't just have Plan A. , you don’t even have a plan B, right?”

It’s so eloquent and reasonable!

Liang Gongwei looks like a leader today!

Yang Weiyi, Lin Yongyu, Shi Deli, and Xiao Shuoyuan looked at each other, and in just an instant they found a tacit understanding, and they all said in unison: "I object!"

The four sounds stacked together instantly broke through Liang Gongwei's defenses.

His face changed and he said angrily: "Do you still dare to speak plausibly? Why are you doing it for the employees who hold shares? Since it is for the shares in your hands, then don't build any memorials! Okay, in this case, then shareholders Let’s talk about it at the meeting, I wonder if you only have these three words when facing the majority of shareholders!”

These three words will definitely not work at the shareholders' meeting.

But even so, Yang Weiyi and the others did not say anything and hastily ended another board meeting.

Yang Weiyi kept his promise and directly asked the company to issue an announcement that an extraordinary general meeting of shareholders will be held in Xiangjiang after the 15th to discuss the company's current situation.

Obviously, the members of the board of directors and the number of directors can be determined at the extraordinary general meeting of shareholders.

Such an announcement directly made the outside world speculate that the internal struggle within Morningstar has become more intense.

However, despite Liang Gongwei's special attention, he still didn't see Mr. Fang's reaction.

This time, not only him, but also the media and stock investors noticed the situation.

Some media called Yike and asked whether Mr. Fang would attend the Morningstar Extraordinary General Meeting of Shareholders on January 12. The answer was "no comment."

Liang Gongwei's punches seemed to hit cotton.

He hesitated, thought about it, and finally dialed Mr. Fang's phone number when December was coming to an end.

Although Liang Gongwei took the initiative to make the call, the situation was already clear. He was not polite when he came up and asked directly: "Mr. Fang, what are you going to do? What are you waiting for? Are you coming to the shareholders' meeting?"

If Mr. Fang hesitates to express his position, or even does not attend at all, then it will be difficult to determine the scale of affairs at the shareholders' meeting.

Shen Cheng's silence leaves too many possibilities open to the matter.

"Mr. Liang, I'm being investigated for insider trading. What do you want me to do?" Fang Zhuo asked in a funny tone.

"You..." Liang Gongwei paused, "Do you know the matters of the board of directors and the arrangements for the shareholders' meeting?"

Fang Zhuo directly went on to answer the second question above: "Mr. Liang, I am waiting for the investigation of insider trading to be completed."

Liang Gongwei's mind was filled with his recent actions, and he subconsciously raised a question: "Huh?"

"Whenever it ends, I will increase my holdings." Fang Zhuo informed the head of Morning Star. "If the shareholders' meeting ends before it starts, then I will increase my holdings and attend. If it ends after the shareholders' meeting, then I will not attend. Wait until the accumulation is completed.”

Nothing else, just wait for the CD to cool down and start working on it.

Liang Gongwei was stunned for a few seconds and said: "I want to increase my shareholding, and I can also make a mandatory offer."

Fang Zhuo said "hmm" and said politely: "Then you go first."

He can't wait until the investigation is over.

Liang Gongwei was silent for a few seconds and then said: "I want to introduce Taiwanese reporters. Mr. Zhang has already expressed his willingness to join the Morningstar board of directors."

Fang Zhuo said "hmm" again and said calmly: "Let him come."

It is a bit surprising that Mr. Liang seeks help from Taiwan Journal, but it is still expected to be in the large category of Taiwanese companies. It is not bad. Taiwan Journal will not acquire Morningstar. That is not in line with its development plan, so it can only provide limited help. It is nothing more than extending the timeline for the acquisition of Morningstar.

Liang Gongwei suddenly felt like he heard footsteps coming from the corridor. The footsteps were not fast, but they kept getting closer.

He was silent for a long time this time, and finally asked: "Do you really want Chenxing? Even if Chenxing fights you to the death like this?"

"Mr. Liang, sometimes Morningstar needs me. As you said, I am also a shareholder of Morningstar." Fang Zhuo said flatly, "Besides, whether you can represent Morningstar, I think this is debatable, and like you I can understand your feelings, but you may not understand me. I am also doing it for Morning Star, just from a different perspective."

Liang Gongwei mocked with admiration: "Mr. Fang's words are really refreshing and refined."

"No, Mr. Liang, I am..." Before Fang Zhuo finished speaking, he heard a blind tone on the phone, and the call on the other side had ended.

Fang Zhuo shook his head slightly and put down his phone.

The acquisition strategy was set, and he actually didn't pay much attention to the news these days. He just checked the team reports regularly.

The date of the extraordinary general meeting of shareholders has been confirmed. It can be seen that Mr. Liang’s subjective initiative is still very strong. This quality is often the X factor in events.

Now we need to see the progress of the investigation by the Xiangjiang Municipal Supervision Department. If it is really pushed to after the 12th, the board of directors is reorganized, and the poison pill plan is passed again, it may be necessary to take over Morningstar's mainland department.

Also acceptable.

Fang Zhuo was calm, knowing that each other's bargaining chips were different, so he just had to wait.

The last two days of December flew by.

With the arrival of New Year's Day, time has entered 2010.

Looking back on the first day of 2010, we can see that the impact of the financial crisis has been reflected in the external world. YBAT has taken shape, the mobile Internet is booming, the penetration of smartphones is accelerating, the group buying market is booming, and giants are eager to try it.

Fang Zhuo has many emotions on New Year's Day, but the biggest feeling is that the Spring Festival is getting closer.

He was invited to watch the Spring Festival Gala this year, and considering Yi Xin's activities, he happily accepted.

And just that evening, the Xiangjiang Municipal Supervision Department called and officially confirmed that Fang Zhuo had not violated relevant regulations and would announce the end of the insider trading investigation on the 2nd.

In other words, the obstacles to increasing holdings have been removed, and the road is now clear.

It’s not too early or too late, so you can make it in time to attend the extraordinary general meeting of shareholders on the 12th, just in time to announce the change of ownership of Morningstar.