On January 19, Li Dong returned to the distance again.

Li Dong hasn't been to the company since January.

However, such a large distance, even without him, is now running smoothly, and everything is developing orderly and orderly.

……

In the office.

Yuan Chengdao reported the latest progress one by one.

Dongyu has begun to gradually integrate into remote retail. Although it has not officially started, Qi Yunna and Chen Lang are already preparing for integration, including some management of Dongyu, and some of them have been transferred.

Qi Yunna's goal is to integrate Dongyu into the remote retail business before New Year's Eve.

In this way, the early integration work is completed.

After the end of the new year, remote retail can officially prepare for listing.

After that, Mr. Li said that he had more than 80% shares in the group.

The shares of others will be diluted again.

It's not good to have a low shareholding ratio, but it's not necessarily a good thing if it's too high. "

Li Dong looked at him, thought for a while and then said, "do you mean to introduce investors before listing?"

Yuan Chengdao shook his head, and Li Dong was surprised.

Yuan Chengdao said with a smile: "at this time, the introduction of foreign capital is not appropriate, and the introduction of domestic capital will help us only a little.

And I know your mind and don't want other people to get too involved in things far away.

In this case, it is very helpful for the integration of the group to allow employees to hold shares properly.

On the eve of going public, we don't have to offer employees shares in the form of incentives, as before.

But in the form of subscription, let the willing employees buy part of the equity, which will help the integration of retail groups more.

The stability of the group and the centripetal force of employees ultimately depend on the interests.

It's impossible to keep raising the salary.

The equity incentive scheme costs a lot each time and is not appropriate.

At this time, the subscription of part of the equity can not only make the employees profit, but also make the group more abundant in capital, which will make everyone willingly bind with the interests of the group.

In this way, integration is much easier.

We people are OK, most of us own shares in retail companies.

But some of the newly merged executives have missed this opportunity.

At this time, we should open our authority and let them become participants from outsiders. I think we will have more motivation. "

After hearing the speech, Li Dong thought for a moment, and finally said with a smile, "this plan, which you told me a few years ago, was rejected by me at that time.

Now, the time is right.

Well, do as you say.

I believe that you are ready. Binding interests is a good way to unite the centripetal force of enterprises. "

Li Dong agreed with his plan, which made yuan Chengdao relaxed a lot.

Seeing this, Yuan Chengdao said: "Mr. Li, in addition to the employees' share capital subscription, you can see Can we, including some of our original shareholders, increase some of them? "

Li Dong looked at him and then said with a smile, "it seems that you have accumulated a lot of capital on hand."

Yuan Chengdao also does not deny that, as an executive with an annual salary of more than 10 million, there is still some money.

What's more, the increase of shares is not only to make money, but also to make the senior management and the interests of the distance more tied.

In the past, the total shareholding ratio of these executives was only 1.2% after the last integration of mall.

This time, Dongyu is reintegrated, which is even lower.

In a large group, the top management has less than 1% stake, which is not a good thing.

Now it's not in the form of rewards, but in the form of subscription, which is good for the group and the executives.

The group can return a part of the capital, executives and employees can also profit, mutual benefit.

Before that, Yuan Chengdao would not mention it.

But now, Yuan Chengdao thinks the problem is not big.

But the fact is the same. Li Dong laughed for a while and then said, "you're right. The form of reward is still very limited after all, and the influence is not large.

I really want to reward too much, I can't give up, I'm afraid you can't rest assured.

After all, there are too many restrictions on the shares to be rewarded.

Just like Wu Shengnan, after leaving office, he didn't take anything away. I'm afraid this is one of the reasons why you are not at ease.

Although there will be some restrictions on internal subscription, it will make you people more comfortable than rewarding.

OK, I agree with the plan in principle. You can show me the specific plan later. However, the subscription should be arranged after Dongyu integration.

It is also good for the group to let the capital outflow from the group return to the group and become shares held by employees. "Two successive plans were approved by Li Dong, which made yuan Chengdao's tired spirit recover.

Moreover, these two schemes benefit all employees and senior shareholders, which is also conducive to his next work.

At this time, Yuan's plan was completely supported by yuan.

If there is no accident, I will be the next chairman of the board of directors.

Otherwise, the plan will not be so easy to pass.

Let other people subscribe on the eve of the listing, which is in fact detrimental to Li Dong's personal interests when it is unanimously favored by the outside world.

Now it seems that Li Dong doesn't care too much. He also uses this form to pave the way for him.

Of course, employee stock ownership and senior management's increase are also conducive to the following integration and stability, otherwise Li Dong would not agree.

But at last, Li Dong thought and said, "in this way, there are too many shareholders in the group and it will be a bit troublesome to go public."

According to the current regulations, if the number of shareholders exceeds 200, the listing will encounter some policy restrictions.

Yuan Chengdao didn't care too much. He said with a smile: "this time, the restrictions are not so big.

Because a lot of people want us to go public!

And the employee's equity, before listing, including after listing, will be handed over to the employee stock ownership, will be unified voting dividend.

The consensus of shareholders is fundamental.

As long as the shareholders have the same opinion, the decentralized shares are managed in a unified way, and our structure is clear, remote holding belongs to absolute holding.

If we do a little bit of work, we can still go public.

If you really want to encounter too much trouble, you can also first hand over to the remote holding operation, and then make arrangements after listing.

Of course, it was more troublesome then than it is now.

After all, after listing, if it rises sharply, we will lose a lot from the book.

If it doesn't go up, it will be more troublesome. I'm afraid employees and shareholders are not willing to continue to buy.

Therefore, in order to avoid these disputes, it is better to solve these problems before listing.

The Securities Regulatory Commission and the Shenzhen Stock Exchange, I'll ask people to consult to see if they can avoid these troubles.

As the largest retail company in China and even in the world, remote retail is also the top retail company in the world. I think it is OK to have a relaxed policy. "

If you have strength, you will have confidence.

As a giant among the giant enterprises, distant retailing also chooses to list in China. At this time, even if there are some irregularities in the distance, it is easy to obtain accommodation.

After listening to him, Li Dong knew that he had probably talked about it, and nodded with a smile.

……

Yuan Chengdao's plan soon came to Li Dong.

Dongyu splits most of its business into remote retail. The value of the real estate is there. There is not much room for floating.

Although the investment of Yuancheng project is not small, the debt is not low.

After integration, liabilities will naturally enter into remote retail.

Finally, Dongyu was merged into the part and merged into the remote retail with a value of 40 billion yuan.

This value has also been recognized by other shareholders, which is different from mall. The floating space of mall value is too large, and there is a lot of controversy.

But in terms of property, there are not so many disputes.

Remote city and employee community, of which the remote city is still valuable. The employee community is mainly for the welfare of employees. In this respect, the distance has made certain concessions, so it is not easy to argue about anything at this time.

Once shareholders are excluded by all employees, that's not a good thing.

With the most shares in the distance, Li Dong took the lead and gave the employees a little profit. Other shareholders didn't have much opinions.

After Dongyu's integration, some changes have taken place in the distant retail shares.

According to the budget, after the integration of remote retail, the shareholding ratio of remote holding reached 80.1%.

Other people's shares have been diluted, but not as much as last time.

And the total value of remote retailing has reached 412 billion yuan.

According to Yuan Chengdao's idea, the total share capital of the retail group reached 41.2 billion shares at the price of 10 yuan per share.

After that, another part will be added for the subscription of employees and the increase of shares held by senior executives and shareholders.

Remote holding will keep the original share capital unchanged. In this way, the proportion of remote holding will be reduced to less than 80%, which will not damage the control right of remote holding, but also make the equity structure of the group more stable.

As for the number of new equity, Li Dong took a look, and soon met yuan Chengdao again.

In the office.

Li Dong took the document and said, "are you sure it's feasible?

Add 2.8 billion shares. At the price of 10 yuan per share, that is 28 billion shares.

This time it's mainly internal. Are you sure you can digest so much from afar? "

Yuan Chengdao said with a smile: "Mr. Li, you underestimate people from afar and other shareholders.In fact, this is still the plan that I gave after I made restrictions.

Otherwise, an increase of 2.8 billion equity is not enough.

Those alliance enterprises that cooperate with each other hope that we can open a higher quota to them.

They won't talk about it. They'll talk about ourselves.

When you agreed to the plan, I mentioned it to others a little bit.

As a result, these guys who usually pretend to be poor suddenly become rich!

Even Mr. Sun, with his original shareholding, has just reached 700 million shares... "

Li Dong was stunned and said, "30 million shares? That's 300 million. How can he get so much money? "

Yuan Chengdao said with a smile: "at first I was surprised, but then I thought it was normal that sun always had money.

You forget that you didn't give Mr. Sun 100 million yuan in compensation before?

In addition, Mr. Sun's own savings and personal investment have also made a lot of money over the past few years. Although it is less than 300 million yuan, Mr. Sun still holds some stocks of microblog and Teng Xun, and makes some mortgage. The amount of 300 million yuan is almost the same.

This is a rare opportunity. Mr. Sun hollowed out his family. His shareholding is higher than ours, and the upper limit is higher than ours. Naturally, he will not give up this opportunity. "

Li Dong couldn't help laughing and crying: "I thought he didn't have much money now. If it wasn't for this plan, I'm afraid he would still be hiding it.

If I had known that he was so rich, I should have played more in autumn. "

"Who said it was not? We were also surprised that Mr. Sun was a frequent visitor to the canteen, so he ate less in the canteen after he got married. Do you think these rich people are so stingy?"

The canteen is free. Of course, if you want to order, you have to pay extra.

But that's for ordinary employees. For Sun Tao, there are almost no restrictions. Anyway, they don't have to spend money.

However, no matter how good the food in the canteen is, these executives will not go every day.

Sun Tao, on the other hand, usually goes to the canteen to eat in the company.

Yuan Chengdao's voice dropped. Li Dong glanced at him and said, "what about you? How much is this subscription? "

Yuan Chengdao some sigh way: "I can not sun always have money, this time patchwork together, subscription 5 million shares also reached the limit."

Li Dong glanced at him. This bastard has only been here for a few years, and can he make up 50 million yuan?

It's not greedy, is it?

Of course, just think about it. No matter how brave these guys are, they don't dare to show off even if they are greedy.

It can be seen that the 50 million yuan should be the accumulation of Yuan Chengdao himself.

As for patchwork, it's not like that. This guy has been paid tens of thousands of years.

As executives from afar, they won't put money into the bank. They also have their own investment channels.

The higher you stand, the easier it is to make money.

They have more knowledge and know more information. Sometimes, Li Dong inadvertently revealed that in the stock market in 2008, many of these guys followed suit and made a lot of money.

It's not surprising that Yuan Chengdao has put together 50 million yuan.

Even if there is a gap between the other board members, they will not be too big. They are all rich people.

This time to 10 yuan per share subscription, it is clear that will earn things, smash pot to sell iron subscription is also normal.

Now, the total value of remote retail is only over 400 billion yuan. No one will think that the price is the same after the listing of remote retail.

If they really want to double the price, they will naturally go to the limit to buy as much as they can earn now.

Since Yuan Chengdao thought it was OK to issue 2.8 billion shares, Li Dong didn't say it again. After thinking for a while, he thought, "so, retail will soon have another 28 billion shares in the account?"

"Yes."

"The money should be spent as soon as possible. Property, stores and distant cities are now the time to spend money, especially in distant cities, which have been unable to speed up the construction period due to the problem of funds.

Now that the remote city is incorporated into retail, the capital will be abundant. I hope that after the end of the new year, we will see the official opening of the city. "

Yuan Chengdao nodded. Now, the funds for retail in the distance are still abundant. Although the previous 300 billion yuan has been spent a lot, there are still hundreds of billion yuan left.

In addition to the subscription funds, it is also a good thing that the money is spent and quickly converted into strength.

Last time, he mentioned that we should increase the investment in Yuanfang City, so that in the future, even if there is a capital problem, the remote city can be used as an emergency measure to quickly recover the funds.

In the past, Dongyu did not merge into the company. Due to the limitation of funds, it can not be launched. Now, there is no restriction after the merger.

After talking about the share subscription for a while, Yuan Chengdao finally thought about it and said, "after several merger and integration of remote retail, it is now extremely large.

Now I don't worry about anything else. I'm afraid that after listing, can A-share support distant retail? "

Li Dong disagreed and said with a light smile: "the domestic potential is much bigger than that of Xiangjiang stock market. Xiangjiang can support Teng Xun, not to mention A-shares.Despite the fact that everyone is now rushing to Xiangjiang for listing, I think it will not be many years before these people will have to find ways to go to the mainland.

Moreover, remote retailing is only suitable for listing in the mainland. No matter what the market is, we have no choice. "

Yuan Chengdao didn't say anything more when he heard the speech. In fact, Li Dong said that he could only be listed in the mainland, which is not true.

Going to Xiangjiang, or listing on both sides at the same time, may not be a good idea.

However, Li Dong understood what Li Dong meant. If he chose only a shares, there might be some limitations and disadvantages, and the security would be high.

Li Dong used to seek change, but now he is mainly seeking stability.

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