Chapter 586 Falling before Dawn
“Announcement on the termination of the major shareholder’s plan to reduce holdings and the commitment not to reduce holdings within 36 months”
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Dear investors, partners and friends from all walks of life:
The Board of Directors of Penguin Group hereby makes the following statement regarding the adjustment of the shareholding plan of Mr. Ma Huateng, the Company's Executive Director, Chairman of the Board and Chief Executive Officer:
1. Event background
In January 2007, the Company received a notice from Mr. Ma Huateng that he originally planned to reduce his holdings of 1 million shares of the Company in a compliant manner. The relevant arrangement was based on personal financial planning needs and strictly complied with the securities listing rules and information disclosure requirements of the Hong Kong Stock Exchange Limited.
2. Latest Adjustment Statement
After careful consideration, Mr. Ma Huateng decided to cancel the above-mentioned reduction plan. Mr. Ma Huateng said that this move was based on full confidence in the future development prospects of Penguin Group and high recognition of its long-term value. He reiterated that he will continue to focus on the company's strategic planning and core business development, and continue to create sustainable returns for shareholders.
After handing over the task of writing the article to his secretary, Xiao Ma Ge received such a press release for public disclosure that afternoon.
After reading it, he smiled, his expression full of satisfaction.
Although the stock price had risen recently and the company was thinking about not putting all its eggs in one basket, it had just announced a reduction of 600 million shares to improve people's lives. Now it has changed its mind and withdrawn the plan, which is like a slap in the face.
But when he thought of the blueprint for the era of mobile smart terminals described by Fan Wumian, Pony Ma felt that the future was promising and the situation was very good, so he was reluctant to sell the 600 million Penguin shares in advance.
said with no exaggeration.
As long as Apple launches a more mature "handheld computer" in a few days, Pony Ma believes that Penguin's stock price will at least double in the next one or two years.
Choosing to reduce holdings now means losing hundreds of millions of Hong Kong dollars, which makes Ma Ge feel extremely distressed when he thinks about it. He feels that he can consider buying a house in Hong Kong later.
After considering his personal gains and losses, Pony Ma, based on the premise that "the new generation of smartphones can really become popular", envisioned the future development strategy planning of the Penguin Group, which led to many inspirations. He discovered that the application scenarios are very rich and the benefits to the Penguin Group are really huge.
This made him find the passion he had when he started his business again. Later he began to admire Fan Wumian's long-term vision. For example, the so-called "Penguin Mobile Manager" may sound useless now, but when it is used on a smartphone, it does not seem out of place at all.
Xiao Ma Ge's personality seems to be relatively conservative, but how could a truly conservative person build such a huge empire?
Inspiration exploded in my mind.
Then he began to consider raising more funds and making more external investments like Fan Wumian, so as to seize some high-quality assets while the outside world has not yet paid widespread attention to smartphones.
It was also because of this reminder that he started paying attention to smartphones. Pony Ma finally began to understand many of Fan Wumian's plans, including why he seemed so aggressive and would rather take on huge loans to invest crazily in companies such as Penguin Group, Tudou and Amazon.
After all, if they are not sure enough, a normal person will not easily put himself on the edge of a cliff.
Originally, I thought Fan Wumian was a complete "gambler", but looking back, Xiao Ma Ge finally realized that he was a real fool for continuously reducing his holdings. Since the listing, he has reduced his holdings in batches many times, accounting for about 4.4% of the total share capital of Penguin Group.
After regretting for a while, Xiao Ma Ge began to feel curious.
I wonder when did Fan Wumian realize that handheld computers might become popular?
Originally, I thought Fan Wumian was just particularly lucky, but now Xiao Ma Ge was a little uncertain. He deeply suspected that he had been playing the pig and eating the tiger. He seemed to be flamboyant and high-profile, but in fact he was seriously underestimated.
I secretly sighed that anyone who could start from scratch and successfully step into the "super rich club" is indeed not a simple person.
Xiao Ma called the secretary of the board to help disclose the termination of share reduction to the public, and temporarily drafted another disclosure document, deciding to pledge 1500 million shares of Penguin stock and borrow money from the bank for personal investment.
Compared with share reduction, the impact of major shareholders' pledge loans on the market is relatively smaller.
After reading the manuscript, Xiao Ma Ge clearly felt that he seemed too impulsive, but he still subconsciously chose to believe in Fan Wumian's vision and was ready to take a gamble with him.
If you want to know the reason, it's mainly that sentence.
——Fan Wumian has never made a loss since he started his business.
A person's reputation is like a tree's shadow. Looking at how successful the Penguin Weibo and World of Warcraft projects are now, it has given Pony Ma a lot of confidence.
Another key reason is that the American media did reveal information such as "3.5-inch touch screen", "Samsung S5L8900 chip" and "IOS operating system" in advance. If we integrate these things and analyze them, we will find that the new product that Apple is about to launch is indeed different from previous mobile phones and is very unusual.
at dusk.
When Fan Wumian received a call from Xiao Ma Ge and learned that he also wanted to buy hundreds of millions of Apple shares to join in the fun, he just smiled and replied:
"If you make money, remember to arrange more endorsements for my company's artists."
at the same time.
Fan Wumian is conducting research at the headquarters of Bosera Asset Management Co., Ltd.
As one of the earliest fund companies established in the mainland, Jinxin Trust, the original shareholder of Boshi Fund, went bankrupt. The whole incident caused a sensation last year, causing countless investors to suffer heavy losses.
At this moment.
Fan Wumian asked the general manager of Boshi Fund:
"How much impact will the bankruptcy of our parent company, Jinxin, have on you?"
The general manager of Boshi Fund is Shen Lihui, who explained with a smile:
"The parent company is the parent company, and we are us. When the incident happened a year ago, the evaluation agency believed that our 48% stake in Boshi Fund was only worth 5 million to 6 million yuan. Now it has doubled."
"For the whole of 2006, we estimate that our net profit can reach 1.55 million yuan. We currently manage 600 billion yuan of client assets. Based on an average management fee of 2%, our annual gross profit is about 12 billion yuan. After deducting distribution, sales commissions, management fees, taxes, etc., there will still be a lot left."
"Of course, compared to Mr. Fan, there is a gap. One of your movies earns more than this. My daughter is a die-hard fan of yours. There are four or five posters of yours in her room. If she knew that I met you today, she would definitely be very happy."
Fan Wumian had already read a lot of the information over and over again, and he asked in person to avoid any omissions.
The auction of the Boshi Fund was originally scheduled for last month, but due to some changes in the case, it was temporarily postponed for 30 days.
The authorities can afford to wait, but the investors who are causing trouble are extremely impatient and hope that the liquidation can be carried out through judicial auction as soon as possible so that they can get back part of their principal.
Calculating the time, by the end of this month's judicial auction, the refunds can be deposited into some investors' accounts just before the Spring Festival, so that everyone can have a good year.
Fan Wumian didn't want to appear too anxious, so he continued to ask:
"I saw in the news that the parent company, Jinxin Trust, has a total hole of 36 billion RMB. Selling your 48% stake doesn't seem to be enough to fill it, right?"
General Manager Shen Lihui shook his head and said:
"When the incident first happened, the loss was probably this much, but now it has decreased. At that time, the real estate invested by Jinxin was in a downturn, and the value increased by several hundred million during that period. The brokerage business of Boshi Fund and Jinxin Securities, plus some other assets, add up to more than 2 billion. The situation is not that serious."
Fan Wumian couldn't help laughing:
"What bad luck! If I had held on a little longer, maybe good days would have come soon. But it's a pity that I collapsed before dawn."
It was not clear what Fan Wumian was referring to, so General Manager Shen Lihui went on to say:
"As the government starts to rescue the market, the confidence of fund investors has recovered, and there are many new customers opening accounts at the end of the year. If you really want to control our company, I will definitely support you with both hands. Just for your great reputation, I believe you can attract a large number of new funds and save tens of millions of advertising expenses every year."
Fan Wumian also saw the trend of market recovery and said:
"The stock market is a bit too hot. It's hard to tell when it will cool down. Once the external shock is transmitted to the domestic market, you have to be prepared in advance. The higher authorities are studying and discussing the "Trial Measures for the Administration of Overseas Securities Investment by Qualified Domestic Institutional Investors". QDII funds are about to go overseas. Did you get a quota at Boshi?"
Shen Lihui hesitated and explained:
"It's not clear yet, but if you, Mr. Fan, take action, I believe there should be no problem. Because of the bankruptcy of the parent company, we have been affected to some extent. The growth rate of customer assets under management last year was lower than that of our peers, but I believe it is only temporary."
(End of this chapter)