June 2nd. Pengcheng Securities Building Conference Room.
"Under the leadership of Chairman Sun, the company's business departments increased from 13 to 21, the number of employees increased from 493 to 746, the company's total assets increased from 1.752 billion yuan to 7.864 billion yuan, and the net assets increased from 568.75 million yuan to 2.122 billion yuan, net assets per share increased from 1.25 yuan to 4.66 yuan, and earnings per share in 1996 were 2.95 yuan. The company's self-operated department sold out all its stocks on May 15, making a profit of 452.6 million yuan. Now Penghu The stock market has fallen from its highest point, with a drop of more than 20%. According to the indicators for judging bear markets in European and American countries, the Penghu stock market has entered a partial bear market. A large number of institutional investors have been trapped. The survival of the fittest is an opportunity for the company to develop rapidly. This extraordinary general meeting of shareholders Four agenda items will be discussed..." At the suggestion of Chairman Sun Jian, Pengcheng Securities Company held an extraordinary general meeting of shareholders. All 13 directors were present, listening to the speech of general manager Liao Jingwen and reading the agenda of the general meeting of shareholders.
With the approval of the Central Bank, 12 financial institutions in Pengcheng invested in the establishment of China's first securities company, Pengcheng Special Economic Zone Securities Co., Ltd., on September 27, 1987. The administration of these 12 financial institutions is also affiliated to the Central Bank of Pengcheng. branch.
Before Taobao Holdings took control, Pengcheng Securities had a total share capital of 223 million shares, total assets of 1.752 billion yuan, net assets of 323.35 million yuan, and net assets per share of 1.45 yuan. It misappropriated customer deposits of 395 million yuan and illegally purchased 557 million yuan worth of securities. As the value of stocks, bonds, real estate, etc. fell, losses were severe, with a current value of 334 million yuan. Once a run occurred, the consequences would be disastrous, becoming the biggest hidden danger in the company's operations, and attracting special attention from the central bank.
President Dai invited Sun Jian to invest in the company to avoid future troubles. In March 1996, Taobao Holdings invested 395 million yuan to package and acquire stocks, bonds, real estate and other investment products with a market value of 334 million yuan purchased by Pengcheng Securities Company using customer deposits, and returned the 395 million yuan customer deposits used by Pengcheng Securities Company. .
With the approval of the central bank, Pengcheng Securities Company issued 232 million new shares to Taobao Holdings Company through a private placement at a price of 1.25 yuan per share. Taobao Holdings Company invested 290 million yuan. The total share capital of Pengcheng Securities Company increased to 455 million shares. Taobao The holding company holds 51% of the total share capital of Pengcheng Securities Company.
Pengcheng Securities Company not only cleaned up the historical problems left by the company, but also added 290 million yuan in cash on its account. It also publicly promised that the company did not occupy a single yuan of customer deposits. In addition, with the reputation of the richest man in China, it has become famous among institutions and large investors. They all went to the sales department to open accounts, and they happened to encounter the bull market of 1996-1997. Under the leadership of Liao Jingwen, they went into battle lightly, and the company's operations and self-operated business developed rapidly.
According to the ranking of the company's net assets, number of securities business offices, and annual transaction volume in 1996, Pengcheng Securities Company jumped from fifth place to first place, causing a sensation in the domestic securities industry.
The extraordinary shareholders' meeting discussed and voted on: 1. The company's 1997 mid-term dividend plan, 5 yuan for every 10 shares; 3 shares for every 10 shares, and the allotment price is 4.66 yuan.
2. The company alloted 15 million shares to all employees at a price of 4.66 yuan, of which the company used profits to allocate 3.5 million shares to reward management and ordinary employees who made outstanding contributions to the company in 1996.
3. Taobao Holdings Company promises that the part of the allotment given up by shareholders and employees will be funded by Taobao Holdings Company and used to introduce outstanding talents.
4. The company strives to be listed in 1997.
"I'd like to invite Chairman Sun to speak. Everyone is welcome!" Bang Bang... As a holding company, since it does not involve related transactions, Taobao Holdings can pass all resolutions with just one shareholder vote. The achievements of Pengcheng Securities Company in more than a year are obvious to all. , can be expressed as stunning. The shareholders of the 12 financial institutions have made a lot of money. The company's self-operated business has made huge profits. They were all sold out before the market crashed. Now they have a lot of money and can buy the bottom at any time. They have taken the initiative. It can also be used to acquire the business departments of loss-making securities companies and expand the number of business departments. The shareholders of the 12 financial institutions always pay attention to the fluctuations of the Penghu stock market. Although they all have money, it is the money of savers and the country and cannot be used indiscriminately. Peng City Securities Company considered everyone's difficulties and first distributed dividends and then alloted shares. We completed the allotment of shares without having to pay any money. Of course we were happy and voted 100% in agreement.
Everyone has no objection to the allotment of shares to all employees based on their net assets, making all employees one of the company's shareholders, increasing employees' ownership status, and retaining talents.
Taobao Holdings is willing to take all the details to introduce outstanding talents, and everyone has no objections. Pengcheng Securities Co., Ltd. strives to be listed in 1997, and everyone is happy to see its success.
There is only one securities company on the Penghu stock market, Hongyuan Securities, which was listed in 1994. As the newly promoted leader in the industry, Pengcheng Securities Company, as the first domestic securities company, has a unique advantage in seeking to be listed in Pengcheng, a country with reform and opening up. 12 companies Financial institution shareholders will certainly do whatever they can to help.
After ***'s death, the Penghu stock market faced a critical moment of falling to the limit. Pengcheng Securities Company took the lead in rescuing the market. Afterwards, it was affirmed and praised by senior leaders of the Central Bank and the Securities Commission. Pengcheng Securities Company is a responsible securities company. .
"Comrades, we are all veterans in the domestic financial industry with rich experience. The Penghu stock market has long and bullish positions. Once it enters a bear market, there will be a long way to go. Once the market correction exceeds 40%, securities companies that illegally borrow from banks and misappropriate customer guarantees will be There will be large-scale thunderstorms to avoid bankruptcy and social problems. The central bank and the China Securities Regulatory Commission will instruct these securities companies with problems to reorganize and sell. This is a good opportunity for Pengcheng Securities Company to develop rapidly. Once we can go public, plus the allotment funds, acquire 3 or 4 securities companies, and add about 30 securities business departments. Junan Securities will have no chance to surpass us. Can Pengcheng Securities strive to be listed? In addition to the dedicated efforts of General Manager Liao and other management, And thanks to the hard work of all directors, the company promised to use 500,000 yuan to reward management and directors who have made outstanding contributions to the listing." Bang... Liao Jingwen and 12 directors of financial institutions were immediately gearing up.
In his previous life, it is said that the Junan Securities Company led by Zhang Guoqing made a profit of nearly 4 billion yuan from Chuan Changhong's hype, and became the leading domestic securities company in one fell swoop. One of the three great godfathers.
I don’t know if Junan Securities is free now? According to Sun Jian's estimation, it would be difficult to escape. When Chuan Changhong releases its semi-annual report, the identity of the shareholders will be clear.
------On June 6, the central bank issued a notice banning bank funds from illegally flowing into the stock market. The Shanghai Index opened at 1271.31 points and opened 88.92 points lower. Under the leadership of Peng Development and Chuan Changhong, the Shanghai Index rushed to 1314.72 points. Under the pressure of profit taking and unwinding, the Shanghai Index dropped to 1254.27 points. There was funds in late trading. Rushing to rebound, the Shanghai Stock Index closed at 1275.30 points, plummeting 6.24%. The turnover increased by 40%, and the volume plummeted.
The Pengcheng Index fell 5.61%, plummeting on heavy volume!
