Chapter 480: Don't think about dividends within 5 years

In front of the camera, there were many reporters holding the camera in preparation. There were three people sitting on the stage, with Changchun's persimmon growing in the middle, and one old and one young on each side.
Sign it, give it to the side, and then take the second one to continue signing.
The following flash has never stopped. This is the largest investment in Changchun and even the province this year. It is also the first domestic company to produce large-size color LCD panels.
If you want to elaborate, you can list many of China's most.
Zhiduoxing Group and Lianxiang Group jointly invested 1 billion RmB to invest in Changchun Caijing Co., Ltd. with a shareholding ratio of 70%.
These have also been approved by the investors in the island country, because the investors in the island country did not pay for it. What they brought out is the eliminated production line and some technical information. The main investment of the local government axe is mainly based on factory land and related policies. Cash Only came out a little bit.
The total investment is still 1.32 billion RmB, of which Zhiduoxing Group holds 49% of the shares, Lianxiang Group holds 21% of the shares, Changchun Electronics and other Changchun state-owned shares hold 15%, and those companies in island countries hold 15% of the shares.
Judging from this capital contribution and the proportion, both Zhiduoxing Group and Lianxiang Group have suffered a little loss, which is obviously at a premium, but the two parties unite and hold more than two-thirds of the shares.
That is to say, as long as the two of them are united, they can completely control this enterprise. Those companies and state-owned assets of the island country can only listen to the orders of the two of them under the rules of the joint stock company.
In fact, this kind of public-private partnership, plus companies with foreign shares, Zhang Yang was not willing to participate, but there was no way to kick Changchun State-owned assets out of the game. After all, this was originally a business drawn by the other party.
Liu Chuanzhi also persuaded Zhang Yang to guarantee that it was okay. Lianxiang Group was not originally a state-owned holding company, but now it has changed. In the final analysis, the joint-stock company or the shareholders will have the final say. When voting, aren't they the two?
Zhang Yang put down his pen, stood up and shook hands with Shichang. After the three people took a group photo, he left Shichang and Liu Chuanzhi to face some media interviews. Zhang Yang returned directly to the lounge.
It has been decided that the chairman and president of Changchun Caijing is Liu Chuanzhi, and Zhang Yang, the representative of the major shareholder, is only a supervisor of the board of directors, but has one veto, and the chief financial officer is his.
After half an hour, Liu Chuanzhi and Shi Changchang returned to the lounge and saw Zhang Yang looking at some of Changchun Caijing's development plans.
"Mr. Zhang, this plan was revised by us. Do you have any questions?" Persimmon said so, but there was absolutely no problem in his heart. They also took into account the interests of major shareholders.
Zhang Yang put down the plan and looked at Liu Chuanzhi: "Mr. Liu, have you read this plan?"
"Have you seen any questions?" Liu Chuanzhi asked doubtfully.
"Have."
Hearing Zhang Yang’s affirmative answer, Persimmon’s face changed, is this not satisfactory? We just arranged some more local people for employment. Can't we accept this condition?
"Mr. Zhang, this plan is already the most appropriate. The wages and benefits for the workers on our side are not high. I just want them to learn more skills and support themselves." Zhang Yang raised his hand: "Persimmon Sir, you misunderstood. I don’t have any opinions about the staffing arrangements, and I will just give it to President Liu for consideration. I’m talking about financial issues. I’ll take care of this part."
Since he is under his control, the financial plan in this plan must be approved by Zhang Yang.
"I have different opinions on the use of some funds. First, we will expand the laboratory of Changchun Electronics Research Institute. I agree to purchase new equipment. I also agree, but what is going on?"
"These studies do not seem to belong to Changchun Caijing. It is impossible to use Changchun Caijing's money to support them to do other research."
"Mr. Zhang, this research result also belongs to Changchun Caijing, and Zhiduoxing can also enjoy the benefits brought by the results." Shi Chang explained.
"These studies, frankly, coincided with the results of my company's research. And our company has completed the research and is optimizing. You have only started to establish projects on your side, and it is difficult to transform production."
"And remember, Changchun Caijing was incorporated into the Electronics Research Institute to improve Changchun Caijing's liquid crystal technology, not to use Changchun Caijing's money to support those people's scientific research."
Use my money to do grades for you, what a joke!
Liu Chuanzhi's face was also a little unsightly, he didn't know it, and he certainly didn't agree.
"Persimmon, we said very clearly at the beginning, if this attitude is in the city, it is your breach of contract. I think no one will come to Changchun to invest again in the future."
"Mr. Liu, Mr. Zhang, what do you say, this is just a plan that hasn't been implemented yet. The company's business management is mainly about you, and this is what we discussed before."
"Then the rest of the clauses are okay?"
"Yes." Zhang Yang said again.
"Why is there a problem? The following clauses are all used after making money. This dividend is also based on the proportion. What is the problem?" Persimmon was anxious.
"Changchun Caijing, don't think about dividends within five years." Zhang Yang looked at Changchun persimmon.
"What do you mean? Isn't it possible to make money next year? After making money, why not pay dividends?"
"Do you want Changchun Caijing not to expand the scale and upgrade the technology in the future? If you want to expand the scale and upgrade the technology, you need to continue to invest a lot of money."
"This money, based on Changchun Caijing's revenue expectations, is not enough for profits, but also has to borrow from banks and have to go public for financing."
"As a result, where can I get dividends? Five years later, when the company enters a new scale, it is possible to distribute dividends to shareholders, and not too much. Ten years later, the company will really be profitable."
ten years? !
Changchun's persimmon was shocked~ EbookFREE.me~ Ten years later, he may be back in the second line. Even if it is five years, whether he is in Changchun or not may not be this time. Will this not be his achievements, but a drag?
Of course Liu Chuanzhi knows this, and even the two have discussed it. In addition to loans and financing in the future, they will have to invest in proportion to the shares. If the Changchun political axe cannot afford enough money, then wait for the shares to be diluted.
Don't say it now, I'm afraid the other party will turn his face. When the enterprise started to operate, and other international LCD panel companies entered the Chinese market in a big way, Changchun Zhengxu did not want to agree but had to agree!
"We do business with a long-term plan. If we only value the immediate benefits, then Changchun Caijing may decline in a few years' time. In the future, it will cost much more for technological innovation than now."
"This point can be seen from the operation of FAW, and I won't explain much. In short, I guarantee that Changchun Caijing should pay not less tax, and the employment to be solved will not be less, which will also drive the surrounding industries. no problem."
"But if you want to pay dividends, at least five years later!"