The Rebirth of Wealth

December 28.

Pengrun Building.

This month, Gome employees felt the most about frequent meetings and frequent meetings.

Li Dong, Huang Guangyu, Cheng Xiao, various organizations ...

After a short distance, come here to meet and negotiate.

Today, early in the morning, these people closed themselves in small meeting rooms, which attracted the attention of both the inside and the outside world.

...

Conference room.

This is not a big meeting, but a small meeting. There are several directors and several major shareholders, and there are less than 20 people in total.

But the atmosphere is no easier than the last shareholders meeting.

From the beginning of Li Dong ’s stock conversion, Huang Guangyu seized the key point and violently attacked: "At the time, we had agreed with various institutions that we could exchange shares, but there was an agreement to exchange stock prices!

At the time, the agreed conversion price was as high as 4 HKD!

You want to exchange shares, yes, 2 billion bonds, 500 million shares, I have no opinion! "

Li Dongchi laughed and said: "You know this, don't I know?

However, there was a supplementary agreement at that time to look at the specific operating conditions of Gome and convert the average value according to the closing price within five days before the conversion.

Now that Gome is suspended, according to the agreement, you have to convert shares according to the closing price within five days before the suspension!

4 Hong Kong dollars, that's a joke. Before Gome suspended trading, the closing price was only about 1.05 Hong Kong dollars.

If you want to convert shares, of course you should follow this!

Mr. Huang, thinking that he was confused, was boring.

Even if this matter is legal, the supplementary agreement is still valid. I do n’t want to go to that point, what do you say? "

Wang Yue also said lightly: "Mr. Huang, it doesn't make any sense to engage in disputes on this kind of things until now.

Convertible bonds are converted into shares, which is the right to be.

The agreed exchange price is only a reference, rather than specific provisions. All shareholders and directors understand this. What Mr. Huang needs to do at this time is to negotiate specific stock transfer matters. "

Huang Guangyu exhaled and said in a deep voice: "Even if the stock price is not changed according to the agreement, it cannot be based on the closing price before the suspension.

I agree with the supplementary agreement. The agreement can be supplemented. The above mentioned is a 20% fluctuation rate.

This point, President Li would not deny it, right?

The 1.05 Hong Kong dollar is the impact of Gome's huge impact.

Now, I request a premium of 20% for the conversion, which is in line with the agreement.

Mr. Li wants to convert shares. Yes, HK $ 1.26 per share.

This is not my own right, it is related to the interests of the entire shareholders!

If Gome was not hit, and the 1.26 Hong Kong dollar conversion price, Mr. Li thinks it possible?

No premium, we will not agree to this conversion! "

If the bonds of 2 billion Hong Kong dollars are converted into 1.05 Hong Kong dollars, that is 1.9 billion shares.

With a conversion of HK $ 1.26, it is less than 1.6 billion shares!

The gap between the upper and lower 300 million shares is by no means a small number!

Lao Huang's calculations in the few tenths of the Hong Kong dollar seem to be a little boyish, but it is by no means aimless.

The share capital of 300 million shares, at this time, the value is even more than the true value of 300 million shares!

Li Dong shook his head and said, "Since I said that I would float 20% up and down, wouldn't I float 20%?

At this time, I think Gome is at stake, and it is not even as good as before. After all, some people are creating obstacles everywhere.

1.26 Hong Kong dollars, I can't afford it, the premium reaches the upper limit, this is impossible. "

At this time, the shareholders' attitudes were again biased.

As before, shareholders only care about their own interests.

Huang Guangyu asked for the highest premium, which is beneficial to everyone, and there is no reason not to agree.

And Li Dong, now that he wants to convert his shares, it is imperative, and everyone is sure of him.

Regarding Li Dong's rebuttal, nobody spoke, did not speak, at this time it represented disapproval.

In fact, Li Dong also knew that it would be useless to pull JPMorgan Chase at this time.

Before, he used his common interests to suppress Lao Huang. Now, it is impossible for him to rule in reverse.

And Li Dong, who needs speed, is too lazy to continue arguing, with little effect. Considering it, Li Dongdao said: "1.25, a gap of 0.01, let's calculate with an integer.

It's really boring to really care about this little difference.

I do n’t say anything. I ’ve changed my mind until now. However, if you want to reach the limit, there is no difference between the upper and lower points. "

The difference of 0.01 Hong Kong dollars, after the conversion, the total difference is only 16 million Hong Kong dollars, which is allocated to everyone, hundreds of thousands.

Everyone is not really scratchy. Since Li Dong is willing to pay a premium, the gap between the upper and lower points is so small, no one has any opinions.

Lao Huang didn't refute at this time. When the baht must be divided, the gap was just 300 million shares, and now there is a gap of more than 10 million shares. For Gome, which has a total share capital of tens of billions, if you care about these, others will really look down on him .

After Li Dong finished speaking, everyone nodded: "Then convert shares at 1.25 Hong Kong dollars per share.

The newly added capital of 1.6 billion shares is a bond-to-equity swap. There is no need to issue shares. The resolution of the group is reviewed by the Hong Kong Stock Exchange. "

Li Dong said with a smile: "Then, I would hold 9.6 billion shares.

The total share capital was 24.6 billion shares at this time, and my shareholding ratio was over 39%.

Mr. Huang, after the share transfer agreement, the majority shareholder is me.

Next, there are some things, without my consent, President Huang can no longer interfere. "

At the moment, the Huang family, after receiving 400 million shares of Baoneng, held a total of 9 billion shares, lower than Li Dong's 9.6 billion.

So far, from the beginning to the present, within 12 days, Li Dong completed the reversal and became the largest shareholder.

As soon as these words came out, everyone in the meeting room looked a little strange.

Huang Family, how to choose?

At this time, in addition to choosing to inject Yi Wei, there is no second way to go.

Without bond conversion, it is impossible to repurchase the shares of other people. After the capital injection once, the group now has 3 billion yuan in the account, and there is no way to recapitalize.

Suspension of trading, there is no way to issue additional circulating capital.

Counting it around, only injecting Yiwei.

At this time, the injection of Yiwei may have some changes than before. Will Li Dong agree to the injection?

Or, without injection, JP Morgan Chase and CRMC, as well as other small shareholders with low shareholdings, all support the Huangjia. Otherwise, the Huangjia, which loses its status as a major shareholder, may soon be out.

Since Li Dong announced the conversion of shares, Huang Guangyu actually knew that there is today's scene.

After taking a deep look at Li Dong, Huang Guangyu said in a deep voice: "What's Mr. Li anxious!

On Yiwei's side, whether to inject or not is injected. At this time, everyone is not false.

The purpose of President Li is to complete Gome. I understand what you mean.

Since you have this idea, and I have reached a dead end, I will not make President Li so easy!

Otherwise, the fish died, and I chose to sell it to Suning!

Otherwise, President Li agreed with my new plan.

Of course, I will not embarrass other shareholders, or let everyone follow certain people together.

Allocated 4 billion new shares, 1 billion yuan, and 2 billion share warrants.

Everyone agrees, Yiwei injects, and disagrees, well, I negotiate with Suning. "

Everyone's face changed slightly, 4 billion new shares, according to Li Dong's conversion price, that is 5 billion Hong Kong dollars.

One billion yuan, converted into Hong Kong dollars, is about 1.18 billion Hong Kong dollars.

The so-called warrants mean that when issuing new shares, the other party has the right to subscribe in advance without going through the secondary market.

The 2 billion share warrants are actually money, and the value is not low.

Together, the three are worth at least HK $ 6.5 billion.

Compared with the last offer of 10 billion Hong Kong dollars, the gap is not small, but 6.5 billion Hong Kong dollars. For Yiwei at this moment, the value is not too low.

According to Li Dong ’s last proposal, 4 billion Hong Kong dollars is enough.

Now, 6.5 billion, still exceeding everyone's expectations.

After he finished speaking, everyone looked at Li Dong again, and Li Dong calmly said: "3 billion allotment shares, 1.5 billion Hong Kong dollars, without warrants, that's it.

Can agree, then agree.

Unable to agree, President Huang went to Suning.

I want to see how much they can contribute.

More than 5 billion Hong Kong dollars, is Suning willing to pay?

I have said that Gome's brand value is not worth so much at present.

There are only more than 300 stores. They were merged and acquired at the beginning of the middle and high schools. They also have a lot of stores, and the profit of a single store is more than you.

But how much is it?

Now, we are giving a quotation of 5.25 billion Hong Kong dollars, which is not too low.

This quotation is in the interest of all our shareholders.

President Huang feels that it is not enough, then you are free. After this conversion, I will apply for a resumption of trading immediately. The reorganization of Gome will end here. "

As a major shareholder, Li Dong now has the right to say this.

Huang Guangyu's face was a bit gloomy and he said for a long time: "3 billion new shares, 2 billion Hong Kong dollars!

This is my bottom line. If you can't agree, it will be over completely.

Li Dong, to this day, everyone opened up and said that there is no need to bargain.

You don't have to excite me. The value of the Gome brand is worth it. You know better than me. "

As the first home appliance chain brand, it was not completely suppressed by Suning a few years later. At this time, although it was also suppressed, Gome is still a well-deserved first home appliance brand.

Li Dong said that the Gome brand is worthless and obviously cannot be taken seriously.

Even if the brand is changed in the distance, in the eyes of everyone, the distance is a supermarket, and Gome sells electrical appliances, which still has a big impact.

5.75 billion Hong Kong dollars, still a lot.

But at this time, Lao Huang's attitude was very firm, and it was also very obvious. If he disagreed, he would shoot twice.

Big deal, really sold to Suning!

Even Gome lost it and could get some more money. He did it, and it was better than nothing.

Li Dong looked at Cheng Xiao, and then at CRMC and several other institutions. After a while, he said: "What do you say?"

The injection of Yiwei does not need to check the status of the company.

Because, this is the trusteeship in Gome. The account situation and operation situation are clearer than those of Yiwei.

Therefore, it is worth the price, everyone has a steelyard in mind.

Yiwei, which has an annual revenue of 20 billion yuan, has a mastery of Gome's Yiwei, and 358 stores have less than HK $ 6 billion, which is generally worthwhile.

Cheng Xiao thought for a moment and slowly said: "Zong Li has no opinion, and I have no opinion."

The meaning of this sentence is very simple, you have decided.

Since you have become a major shareholder, the upper and lower gap is mainly due to your share, they have little influence.

And really want to inject, the overall value of Gome will rise, their share capital remains unchanged, it is they who make money.

The key is that 3 billion new shares will again affect the pattern change.

If Li Dong agreed, the Huangjia Holdings 12 billion shares would again overtake Li Dong by a large amount.

Li Dong tapped the table lightly and said lightly: "President Huang insisted that no one has any opinions, then I don't have too many opinions.

Of course, since President Huang is going to inject, then it is no trouble for everyone to have another meeting.

I still have 1.7 billion Hong Kong dollars in bonds. Let's convert shares together. "

"Cough cough!"

Many people couldn't help but cough up, rely on, this guy actually has a hole card!

With a total of 3.7 billion convertible bonds, there are only more than 4 billion in the market. This guy has almost taken it all!

This time, even Lao Huang was not too calm.

He knew that Li Dong held 2 billion bonds, maybe a little more, and it would never exceed 3 billion.

Unexpectedly, he really did not expect that Li Dong would have mastered 3.7 billion!

1.7 billion bonds, the conversion of shares is another 1.36 billion shares.

After the conversion, Li Dong held 10.36 billion shares.

Huangjia's 12 billion share capital.

JPMorgan Chase still has 1.6 billion shares.

Once Li Dong and JPMorgan Chase have completed the formal transaction, the gap with Huangjia shares is only 40 million shares, which can be ignored.

Both sides have completely returned to the same level.

Li Dong continued: "I'll add another 100 million. It is still good to allocate new shares. I hold 3.7 billion bonds, add 100 million cash, and convert 3 billion shares.

What do you think of Hutchison Wong's side, which happens to be allotting 6 billion new shares? "

One hundred million cash, for 40 million shares, more than double the market price, and the impact is not great, everyone has no opinion.

Even Huang Guangyu didn't care about this share capital.

Next, everyone has nothing else to say, and began to discuss the conversion and capital injection.

After alloting 6 billion new shares, Gome's total share capital reached 29 billion shares.

Compared with before, there are 9 billion new shares.

However, Gome's strength has also risen a lot, with 358 more stores and Gome brands added. Apart from the payment of Huang Guangyu's 2 billion Hong Kong dollars, the last injection of 3 billion yuan, plus Li Dong's increase of 100 million this time.

Converted into RMB, the new cash flow is about 1.4 billion RMB.

Such a Gome is much stronger than before.

Once the reorganization is completed and the trading is resumed, the overall value will rise a lot.

As of this time, the reorganization was completed and Huang Jia held 12 billion shares, Li Dong 10.4 billion shares, JPMorgan Chase 1.6 billion shares, CRMC 1 billion shares.

These four companies hold 25 billion shares.

The Yongle Department has less than 1.5 billion shares, and several small investment banks probably hold this number.

The remaining less than 1 billion shares of capital stock are still in the hands of retail investors.

It can be said that Gome at the moment is about to complete privatization.

Judging from the meaning of both parties, it is obvious that the reorganization was completed quickly, new circulating capital was issued, and a war was launched in the secondary market.

After all, the conversion of the conversion is completed, and the capital injection is completed.

At this time, there is no other way to buy shares from other shareholders or to issue new shares and continue to expand your advantages.

The gap between the upper and lower levels is very weak, and the attitude of the few remaining minority shareholders is not clear.

Neither Li Dong nor Huang Guangyu are willing to give them the decision-making power completely.

In this case, then quickly reorganize the resumption of trading. After the resumption of trading, additional shares are issued, and the war in the secondary market is completed.

This is the choice made by Li Dong and Lao Huang in desperation.

Everyone discussed for a while, and finally Li Dongdao said: "This reorganization is not complicated, and Yi Wei is our trustee, and the materials are complete.

The application for resumption of trading was immediately submitted to the Hong Kong Stock Exchange for review. General Manager Huang and I have made some efforts. Today is the 28th. At the end of this month, there are still four days left today.

New Year's Day is Thursday, open all day, and strive for a successful resumption of trading on New Year's Day! "

Everyone looked at each other, who had seen anxiety, never seen such an anxiety!

This is a reorganization and listing!

Four days, plus today, are you going to beat our rhythm alive?

Even Old Huang was stunned for a moment. Li Dong was too impatient to resume trading on New Year's Day. Is this guy so sure?

You should know that in the secondary market, it depends entirely on strength.

He also knows how much Li Dong Capital has.

Moreover, Li Dong is currently 1.4 billion lower than him, and he can immediately get 2 billion Hong Kong dollars. The difference between the upper and lower is not small. Li Dong wants to surpass him. It is not so easy.

Before and after this time, Li Dong does not smash 20 billion, it is difficult to completely surpass him.

From afar, even if China Merchants Bank received 5 billion loans, Jiangbei raised 3 billion to support him, and Li Dong himself had to raise more than 10 billion.

This guy, is it really a bottomless hole?

In the distance just a few years after its establishment, it really has such a strong strength?

Lao Huang felt a little uneasy in his heart, but to this day, the sooner it is resolved, the better.

He is only on bail pending trial, not on parole.

The trial is still going on ~ www.NovelMTL.com ~ Once the trial is delayed, he still has to go in if the result of his trial comes down.

And this time the battle for equity is not known for how long.

He is not here, Du Juan is no match for Li Dong, and Chaoshang will also doubt that it will be hard to say whether they will lend money to them.

While he still has time now, the final decisive battle with Li Dong is also in line with his expectations.

Thinking of these, Lao Huang sighed and said: "Listen to President Li, everyone will work overtime to complete the review of the reorganization information. I will negotiate with the Hong Kong Stock Exchange.

The sooner the resumption of trading, the better.

In 2009, it may be a different situation. "

When saying this, Lao Huang glanced at Li Dong, no matter how, no matter who wins or who loses, then Gome will be Gome before.

Li Dong and him glanced at each other, and both smiled, and it was not easy to reach a consensus.

However, this is considered the final peace stage. The next successful resumption of trading and the successful issuance of new shares is that you are dead or alive.

At the stage of resumption of listing, there is no retreat on either side.

Unlike now, you can also inject capital. I will inject capital. At that time, Gome is operating well. There are no prerequisites for injecting capital. It is impossible to pass through internally.

It is also impossible to suspend new shares frequently.

After the reorganization is completed, an additional issue is made, which meets the requirements. After all, there are too few shares in the market and they do not meet the requirements of listed companies.

Next, there is no major change, there is no such opportunity.

Smiled, the two sides did not talk anymore, and each took someone away.

The final battle is in the next few days.

Shortly after the two sides left, the latest restructuring plan was also announced by Gome. ) !!