Chapter New Third Board
The New Third Board first originated in Zhongguancun, Beijing. It mainly covers some relatively high-tech companies. It is called the "New" Third Board because there is still an old Third Board, which mainly carries delisted companies. The long-ago staq, **t transfer system
For the three parts of company equity transfer, the old third board is basically dead. Due to the limited number of companies in Zhongguancun, there are not many transactions on the new third board, and trading is extremely inactive.
But now, the stock exchange is preparing to expand the New Third Board and expand the source of projects. It may first be piloted in a few high-tech zones, but expanding to the whole country and opening it to all companies is an irresistible trend.
It is under this trend that major securities companies have taken notice and asked their subsidiaries in various places to search for local companies to prepare for listing, because the threshold of the New Third Board is lower and it is easier to list.
If it is just a hanging board, there is only one quantitative indicator: operating for two years.
Other requirements are mainly: 1. meet the conditions of clear main business and a record of continuous operation; 2. The company listed on the New and New Third Board has a sound governance structure and standardized operations; 3. New and Third Board listing conditions, the issuance and transfer of shares are legal and compliant; 4. Recommendation of the sponsoring securities firm
.
From the perspective of a securities firm, these requirements are not a problem. Zuo Wen finished explaining them easily and looked at Wang Hongjiu expectantly.
Of course, this New OTC Market is not as comfortable as he said. Zuo Wen has looked at it for him from Wang Hongjiu's perspective. There are at least three aspects that Wang Hongjiu will find difficult to accept: First, it is inconvenient to use money. Once listed, the company's
Money is the money of the company and cannot be used casually by private individuals. Although Wang Hongjiu is the major shareholder, the company's decisions are still made by the major shareholder, but there must be a decision-making process and everything must be followed. Second, tax payment must be standardized. Wang Hongjiu is like this
Enterprises basically have never paid taxes seriously, and they have definitely evaded taxes. If they are listed, they will have to make up for the previous losses, spend real money, and pay according to regulations in the future. This is unacceptable to him. Third, the company
All reports and operating conditions must be disclosed to the outside world, and competitors, customers and suppliers can all see it. Wang Hongjiu, who has been hiding in the shadows for half his life, also finds it difficult to accept this.
Wang Hongjiu didn't seem to realize this yet. He lit a cigarette and asked thoughtfully: "What will happen if we do it?"
He only started smoking a few years ago. He is not addicted to it, but when negotiating with some powerful people, he would hold one in his hand or use a pipe, take a puff from time to time, and then slowly blow out the curls of green smoke, which not only made him look angry.
Be calm and relaxed, dominate the other person's momentum, and give yourself enough time to think before speaking.
"It's very simple." Zuo Wen first came to a conclusion that reassured the other party, "First, brokers, accountants, lawyers and companies reach a preliminary cooperation intention, and spend a week or two doing a preliminary due diligence to find out the important issues.
Then the four companies sat together to discuss the following issues in turn: first, whether it can be done, that is, whether the discovered problems can be solved. Second, how to solve them and propose rectification plans. Third, specific implementation. After these three steps are completed, the three institutions will re-enter the scene.
We conducted a comprehensive due diligence investigation, wrote a public transfer statement, and then submitted the application to National Small and Medium Enterprises Transfer Co., Ltd."
"After the materials are submitted, the stock transfer company will ask the project team and the company about some issues. After the project team and the company feedback and inquire, if there are no problems, they will receive a 'no objection letter' from the stock transfer company, and the process can be processed.
Equity registration and abbreviation, code assigned.”
"Then, put the sign up."
"Sounds very simple." Wang Hongjiu sighed seasonedly and smoked: "The company is me, the securities firm is you, and we can choose the accountants and lawyers. There seems to be no problem."
"Accountants have the largest workload, mainly providing the basic data needed for subsequent decision-making and writing declaration documents, establishing the company's accounting system and meeting the basic requirements of the New OTC Market. The lawyer will join us to take a look at Mr. Wang's company, mainly the history
Business conditions, equity, whether there are any problems, whether there are related transactions and horizontal competition, and also check whether the lines in charge of various competent departments are operating legally, and help solve problems if there are any."
"Mr. Wang's company is a joint-stock company, right? Then the procedure will be simpler."
Zuo Wen was neatly dressed, with a shirt and trousers. Even in the sweltering heat, the collar was tightly buttoned. When he was not talking, he was elegant and calm. He did not look like a securities dealer who was active in thinking and action, but like a big boss and powerful organization in the business world.
of officials.
"Co., Ltd...."
Wang Hongjiu narrowed his eyes expressionlessly.
Zuo Wen smiled. He had long been accustomed to customers' words that seemed plain but actually contained a lot of information. He had done a lot of research and preparations before receiving Wang Hongjiu's call.
"As for the company's shares, there can be legal person shares, which are not involved in circulation. There are tradable shares, which can be freely traded. Some shares can also be agreed and signed into contracts. For example, technical talents can invest in shares with technology and hold company shares.
, pay dividends, but once he leaves the company, the shares he holds must be transferred and purchased by the company, and the purchase price can be agreed upon when signing the contract."
He spoke directly, with a calm tone and careful choice of words.
Wang Hongjiu's expression relaxed.
This is what worries him most.
He must think that all the shares in Jiuhong Group belong to him alone, and every penny earned belongs to him. Wang Hongjiu. Over the years, although Jiuhong Group is called a joint stock company, he actually holds 90% of the shares.
8. The rest is to find two relatives to hold shares symbolically.
However, he also knows that the reason why Jiuhong Group has risen and is able to grab food is closely related to the support of a group of brothers under him. He arranges for them to be responsible for the company, and gives them generous salaries at any time. Whenever something happens,
They also paid additional bonuses. In his eyes, they only enjoyed the rights and interests of the general manager, not shareholders.
His brothers who kept pace with the times gradually realized this, and from time to time, he could hear their half-truth requests and private complaints.
If this listing goes smoothly, once they find out that they can't cut a piece of the newly made cake, no matter how domineering Wang Hongjiu is, or how deep their previous relationship is, it will definitely come to nothing in the face of real interests.
Most likely, they will turn against each other.
Moreover, no matter how close the cooperation was in the past, the mutual fighting will be cruel in the future.
But it would be difficult for him to accept the shares being distributed to his brothers so that they would be on an equal footing with him in legal terms and become legal shareholders of joint decision-making and jointly own the rights and interests of Jiuhong Group. Also, even if he really gave up his points
, how much is appropriate?
No one has a more thorough understanding of human nature than a person like him who stood up from the mud at the bottom. No matter how many points he gets, his brothers will definitely think that it is enough to match their dedication to the company, and they all hope for more.
A little bit.
Zuo Wen's suggestion relieved the doubts in his mind. Yes, that's it. Shouldn't it be up to you to give them shares and dividends? Let them sign a contract first, and once they leave, they will take it back at a very low price.
The shareholding system is really a good thing!
He is simply a genius who can perfectly solve all the problems in this world.
Wang Hongjiu said with a smile: "That's okay. My company looks big, but if it really wants to go public, it's really difficult to allocate shares. For example, you have to take care of some related households, right? For example, Secretary-General Lei... you have to express your gratitude, right?
?Mr. Zuo, you are a thoughtful person, I think you can consider this matter. However, I have to discuss it with my brothers first."
Chapter completed!