Chapter 356 Public Shareholders Meeting
Jack Ma now regrets it. When the company was in its infancy, it received financing from SoftBank’s Masayoshi Son, so that now 34.4% of Barbari’s shares belong to Japanese capital.
It is difficult for a company with a high proportion of Japanese capital to make a difference in the mainland, and it can even be said to be difficult.
After all, although China now encourages foreign investment, this also requires a cyclical and gradual process.
The door cannot be opened instantly.
In the current situation where the market is not particularly open, just some regulatory authorities and various procedures can choke them to death.
Especially after witnessing the financial crisis of 1998, the turbulent methods of foreign capital in the financial market frightened the authorities, and they imposed restrictions on foreign capital in many important areas.
Finance is the top priority.
For example, the China Securities Regulatory Commission stipulates that the proportion of foreign investment in A-shares held by foreign investors alone shall not exceed 10% of the total number of shares of the listed company.
The total proportion of shares held by all foreign investors in a listed company shall not exceed 30% of the total number of shares in the listed company.
Various regulations all indicate that the authorities adopt an attitude of "loose on the outside and tight on the inside" when it comes to foreign investment entering China.
"I heard that currently, the only private enterprise that has obtained a third-party payment license is Infinite Company, but they are also foreign-invested, so why is the gap so big!"
Ma Yun was a little resentful, even jealous.
Infinite Company obtained a third-party payment license a few years ago, successfully helping Jingxi Company secure its position as the leader in e-commerce.
In the early days, the daily online payment limit of Internet users was limited to 200 yuan, but with the development of the Internet economy, it has now been relaxed to 10,000 yuan.
These are all things he wanted to do, but now he was preempted by others, which made Ma Yun very uncomfortable.
"How can this be compared? Not to mention the identity and contribution of the foreign representatives of Infinite Company, even Lin Zeju, one of their shareholders, is also behind the Yellow River Group and Lin Jiacheng, the richest man in Hong Kong. The country still wants them to invest heavily in the mainland."
"There is still a difference between Hong Kong capital and Japanese capital. Giving a financial license is nothing." Cai Chongxin rubbed his forehead, put the documents in the drawer and locked it, "If it doesn't work, let's make Alipay independent.
, otherwise it will affect our business extension."
"Well, what you said makes sense, and I think so too. As for the financial license, I think there is a way, maybe I can try it."
Ma Yun nodded, seeming to have made some determination in his heart.
"any solution?"
Cai Chongxin turned around.
"I know some celebrities in Hong Kong, and they know a man named Wang Lin..."
....
Chen Weidong didn't know that the financial license they could get by just saying hello to Director Zhang would have to go through so many difficulties and twists and turns.
So much so that later, when he heard the rumor that Ma Yun visited the charlatan Wang Lin, he couldn't help but laugh and cry.
Wang Lin claimed that he left home at the age of seven and studied under Taoist priests in Mount Emei.
After he returned from studying art, he went to the mountains and countryside, and was imprisoned for "destroying agriculture and learning from Dazhai."
However, he didn't feel at ease inside, and was often beaten to a black face for speaking nonsense.
Especially when you talk about things that are not true.
In the early 1990s, there was a "Qigong wave" in China, which even received a certain amount of attention and recognition from the official and scientific circles.
At that time, many "Qigong masters" emerged, and Wang Lin was one of them.
He claims to have special powers and can help people heal their illnesses. He can also bring snakes from an empty basin and drink from an empty cup. Relying on these ambiguous rumors, he has gradually become acquainted with many celebrities, entrepreneurs, and Guanyuan.
Later, the people he met became increasingly high-level, and many of them were high-ranking officials.
In the end, these people even introduced Wang Lin to an elder and was asked to perform "Snake from an Empty Basin" on the spot.
As a result, Wang Lin couldn't change at all and could only hesitate and say: "I encountered a real dragon today, and all my magic power has failed."
In response to this, the elder just said calmly to the people around him:
"I never want to see this person again."
....
Liu Dongqiang did not stay at Infinite Company for too long. Just two days later, he took a flight back to Baijing to prepare for the Double Eleven event planning.
Time enters September 2004.
Four companies in South China City submitted to the meeting, triggering heated discussions among many investors in the A-share market.
The reason why these four companies are of concern is that they were all established less than five years ago, and the businesses they cover are all related to Infinity Company.
They are materials, machinery, electronics and optical instruments.
The Shenzhen Stock Exchange has accepted their application and will review it at regular issuance review meetings. If passed, the company can officially issue shares in the secondary market.
Affected by this news, the stocks of some listed companies on the market that have business dealings with Infinite Company have experienced varying degrees of increase.
】
The "infinity concept" is once again being hyped by the market.
At the same time, Infinity Company also issued an announcement.
Investors who hold Infinite Company stocks can register to participate in the annual general meeting of shareholders online with the stock certificate issued by the securities company.
Infinity Company will undertake the round trip expenses and accommodation expenses for all shareholders.
There is no limit to the number of shares held.
Even if you only hold one share, you can participate.
Ordinary shareholders have the right to participate in shareholders' meetings. As long as they purchase a company's shares, they become shareholders of the company during the holding period.
Shareholders enjoy the right to participate in decision-making on major matters (participating in shareholders’ meetings), income rights, and residual property distribution rights granted by law.
Chen Weidong, general manager of Infinite Company, said: This move is to allow the company’s shareholders to better understand the company’s basic situation and make investments more rational.
After the announcement was released, it quickly made the headlines of the Xiangjiang Financial Times.
The Hong Kong Stock Exchange praised the move and said:
Through on-the-spot inspections, investors will have a deeper understanding of the valuation of listed companies. This, to a certain extent, will curb those shell listed companies that are selling sheep over others and harming investors. In order to purify the securities market,
Made an indelible contribution....
In just one day, more than tens of thousands of investors registered online.
Most of them are local stock investors in Xiangjiang.
After all, Infinity Company is listed in Hong Kong, so it is difficult for mainland investors to buy Hong Kong stocks.
Some people have even held their shares since the very beginning of Infinite's listing, without ever selling them, and have now made hundreds of times their profits.
The issue price of Infinity that year was HK$1.72. As of the announcement, the stock price had risen to HK$352.8.
Many shareholders have achieved financial freedom as a result.
Now they have plenty of time to enjoy life, so their willingness to attend the shareholders' meeting is also very strong. When interviewed, many Xiangjiang stockholders said that they would come even if it was at their own expense.
Because this not only allows you to better understand the operating conditions of Infinite Company, but also allows you to take a look at the development of the motherland in recent years. It is also very good to treat it as a trip.
It is worth mentioning that seven or eight American financial institutions, including Rockefeller, Morgan Stanley, and Blackstone Investments, also sent emails after the announcement, stating that they would send people to attend this shareholder meeting.
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Chapter completed!