Huayu started as a substitute director

Chapter 601 Delisting

After the signing of the agreement, Liu Xiaoli will serve as Bona's supervisor, supervising Bona's finances, Bona's shareholders, Bona's risks, and also has the right to investigate.

For example, she can investigate who made a mistake or made a decision-making error.

Liu Xiaoli is not good at running a company, but she still has the ability to supervise a company. Liu Tianxian still maintains her purity and does not take any responsibility.

Originally, she did not hold any position in any company and was only negotiating as her mother's representative.

Moreover, her mother has not appeared in front of the camera for many years, nor has she participated in any activities. It is equivalent to hiding herself and only helping them behind the scenes.

After all, there is only one daughter and one son-in-law.

Of course, Yuanmeng Tiancheng will support the privatization of Bona. There is no need to hold a shareholders' meeting or vote. As long as Liu Xiaoli and Fatty Yu agree, the privatization process can be carried out with more than 50% of the shares.

It just needs funds to acquire the shares held by other shareholders and the outstanding shares.

This is a necessary acquisition. Although the circulating shares have no say, they also have their interests protected. Fortunately, it is only 1.6%, so not much money is needed.

The other 10.3% stake is in the hands of Sequoia, which also needs to be recovered before the privatization can be successfully carried out.

If the other party does not agree, privatization will be hindered.

This cannot be forcibly recovered. The U.S. Securities Exchange Act requires that more than 90% of the shares must be held before a forced acquisition of the remaining shares can be carried out.

The extra 0.3% just prevented Bona from forcibly taking back Sequoia's shares, but it could repurchase them by setting up a special committee to evaluate the value of its shares.

That is to say, evaluate the price that both parties can accept and buy the equity held by Sequoia.

If Sequoia disagrees, the only solution is forced squeezing out and litigation, but it usually doesn't get to that point. After all, Bona is already like this now, and there is no need for Sequoia to struggle.

Either agree to acquire the shares held by them, or continue to hold them and support Bona's privatization.

However, it is difficult to continue holding it, because Bona’s future with Yutu is uncertain. It originally stood on the side of Alibaba and Tencent, and it is not known whether it will be diluted in the future.

This 10.3% stake can be acquired through fundraising. After Bona is listed on the A-share market, the fundraising institution will become a Bona shareholder.

Of course, you can also ask for a loan from a bank or Yutu. Yutu will always support me and it is impossible for it to completely ignore me.

Fatty Yu was very relieved about this. It seemed that the principal didn't really ignore him.

Just take his things and lend him some money!
Fang Hong also wants Bona to be listed on the A-share market as soon as possible. If it is listed on the A-share market, its strength will be greatly enhanced. After all, financing will not be so difficult.

Fang Hong, Liu Tianxian and Fatty Yu were all in the office. There was no one else there, and they were chatting alone.

Fang Hong urged: "I'm telling you, you'd better complete the delisting within this year and list on the A-share market next year."

"Why?" Fatty Yu didn't understand.

"No reason. You have to listen to my arrangements. If you don't, I won't care if Bona is gone."

Fang Hong did not explain the reason, because he had already changed the history of the film and television industry and changed its course. He did not know what the future would be like, and could only make progress through means and abilities.

But he knows some general trends, which will not change, because many things have already happened, but have not been exposed.

Fang Hong said again: "If you have any questions, tell me, I will fully support you to delist and go public."

This touched Fatty Yu a little. He had been so decisive in speaking at the press conference before, saying that he would not care about him, but now he fully supports his delisting from the U.S. and listing on the A-share market.

He didn't even know what the principal was thinking.

"Principal, you make me feel so unfamiliar." Fatty Yu said.

"Do you think I'm kind?" Fang Hong said.

These words made Liu Tianxian smile.

Fatty Yu didn't say anything. He did feel that way. He was suppressed to death before, but now he was fully supported in his work.

Of course, I didn’t receive a blood transfusion, it was just a verbal gesture, and I will have to pay it back in the future.

"The previous press conference was just for show. You knew I acquired you, but you found a bunch of helpers to do bad things. Do you really think that Alibaba and Tencent are kinder than me?" Fang Hong asked back.

Fatty Yu didn't think those people were kinder than the principal, he just felt that they had more freedom. The agreement signed by Bona at this stage was to restrict him and sell the company.

"You will thank yourself for your decision today in the future." Fang Hong said again. He held that press conference just to make Alibaba and Tencent give in completely on the Bona issue.

If not, I don’t know what will happen.

After the fat man left thoughtfully, Liu Tianxian said, "Look at how you made others silent."

Fatty Yu used to be very high-spirited, talkative, and always liked to express his opinions.

Now everyone is silent and taciturn.

"I won't do that. Do you think he will be obedient? It takes time to learn how to be restrained by morality and emotions. We can't do that. We can only force him to be obedient." Fang Hong grabbed her hand.

Liu Tianxian was sitting halfway on the desk in front of him, with her long white legs resting on Fang Hong's boss chair. She was wearing a light blue plaid shirt and loose-fitting denim shorts.

It's the end of May now and the weather is getting hot.

"Then why are you in such a hurry to delist him?" she asked.

"To enhance Bona's strength, we must have the ability to bear some risks, and I feel that there will be continuous major events in the entertainment industry in the next few years." Fang Hong leaned back in his chair and looked at her.

The two men were facing each other. Liu Tianxian seemed a little taller as she sat on the table, while Fang Hong seemed a little shorter as he sat on the boss chair.

"What's the big deal?" Liu Tianxian asked again.

"There will be more and more hot money in the entertainment industry, and this money will make some people in the circle lose their way. Coupled with the development of the Internet, some corruption and depravity in this circle will be exposed to the public. As you know in this industry, everything will be magnified under the spotlight," Fang Hong explained.

He couldn't say anything specific, he could only speculate that it would be best for Bona to complete its delisting this year and go public next year, because it is very difficult for the film and television industry to go public in two years, 17 or 18!
In the past two years, there has been a controversy over hidden contracts in the film and television industry. This controversy has alerted higher authorities, and they have tightened their listing review policies for film and television companies.

In the past, when Bona submitted its prospectus in 17, it encountered such a thing. When it submitted its prospectus again in 19, it was revealed that Ruihua Accounting Firm was being investigated for financial fraud.

As a result, the IPO projects of 33 companies related to it were suspended, and Bona was among them whose review was suspended, which was truly tragic.

Everyone knows what happened afterwards, a black swan event, so Bona’s fate was bumpy, and it was not until 22 that it was listed on the A-share market.

Fang Hong asked Fatty Yu to do it as soon as possible because he wanted Bona to go public quickly in 16 and 17 and avoid a series of problems.

For example, the controversy over yin-yang contracts cannot be stopped by anyone. It has happened a long time ago and is currently happening.

So the national policy is good. We are really worried about these people. When we tighten the policy, we are afraid that they will not be able to develop, and when we relax the policy, they will cause some trouble.

If you get beaten, you cry out in pain; if you don’t get beaten, you let yourself go!
And this industry is in the cultural field, it can corrupt people's spirits, and we really can't ignore it.

Just like the Korean Wave in recent years, do you think the country really wants to restrict Korean culture? It hopes that the idols in its market can compete with them and resist them.

But I just can't live up to the expectations and I can't win. Plus, those fans are really too crazy and have no bottom line.

I had to do it, I just found a random excuse to limit it, it actually has nothing to do with that incident.

"That makes sense. There are indeed some things that break the bottom line, and we don't know when they will happen."

Liu Tianxian also knew something about it. After all, she was also in this circle. She immediately praised him, "That's great! Focus on the future and plan ahead."

"Of course, I can not only focus on the future of my career, but also on our future. We are going to get married and hold a wedding soon. Oh, my life is perfect." Fang Hong sighed.

He looked at her with a faint smile on his face.

Liu Tianxian's eyes were like bright crescent moons and there was a happy smile on her face. Their wedding was approaching, in June, and everything was ready.

All relatives and friends have also been notified.

So the two of them were quite excited and nervous, after all, it was their first time.

"You know what, your legs are really white." Fang Hong sat up, put his hand on her fair and tender legs, and gently stroked them upwards.

"This is not your first day seeing this." Liu Tianxian felt a little itchy.

"Every day I have a different feeling." Fang Hong reached his hand up and dishonestly into her denim shorts.

"Get out!" Liu Tianxian kicked him.

(End of this chapter)