One side is the big shareholder wants to strengthen the control position with 1 billion yuan, one side is the partner Gree electric appliances Two degrees to raise the speech power unceasingly, the sea shares the two major shareholder's game temporarily to decide to increase the plan to have been ended. On the evening of August 2, the shares of the company announced the resolution of the shareholders ' general meeting, in which only 4 of the 11 motions considered by the second general meeting of the provisional Shareholders in 2018 were passed, and the issues related to the issue of the core issue and the time of issuance, the distribution of the objects and subscription methods The 7 bills, such as the number of issues, were not approved.
Among them, the private issue of a shares of the company's proposal for a share of the bill 46.19% of the vote was not approved.
Small and medium shareholders are the flags of Gree The company's shares announced earlier that the provisional shareholders ' meeting to consider the relevant issues of the Internet voting time of August 2, 2018 9:15-15:00.
However, a few days before the polling day, many investors in the investment software, shares, etc., called for support Gree voted against.
Polling day, there are many retail investors in the Internet voting platform after the vote, spread the vote opinion, the public opinion almost one-sided support gree electric appliances, to the big shareholder Shanghai Electric is quite criticism. Judging from the current voting results, although there are about 480 million shares of voting rights, there are only 307 million shares in the key issues, and about 170 million others are sidelined.
Among them, in the key matters in the vote against the shares of about 140 million shares, Gree held 86.6312 million shares of the big probability voted against, about 53 million shares of small and medium-sized shareholders also voted against.
However, there is also an analysis of investors that may be gree electric appliances in two times after the lifting of the shares of the Hoi Li Holdings.
As to why they voted against it, some of the shares of the shareholders, who are small and medium-sized retail investors, expressed three points: First, Youshiwuzhong. Haitong shares August 7, 2017 issued a notice, the controlling shareholder Shanghai Electric to the public solicitation of the transferee in the way of the transfer of shares in total 175 million shares of the shares of the total share capital of the sea, 20.22%. Due to the ' aggravating ' of gree electric appliance, only less than 20 days, Shanghai Electric decided to terminate the transfer.
Shanghai Electric has been criticized by the Shanghai Stock Exchange on June 27 this year, because ' decision making is seriously affecting investor expectations '. Second, the eating is not elegant.
If the plan is adopted, the control rights of large shareholders will be further enhanced, but due to the corresponding dilution of each share after the directional issuance, the interests of minority shareholders may be impaired. Its third, contradictory.
First, we intend to sell the shares of the shares, and now intend to strengthen the control through the plan, and the contradiction between the big shareholder's decision is unfavorable to the governance of the listed company.
Is the plan for the increase entirely to intercept gree? At present, the industry on the Shanghai Electric 1 billion yuan to increase the interpretation of the plan is to intercept gree through the brand to attempt to control the shares of the sea.
The mainstream view of Gree is to ensure the stability of the supply chain and plot to control the shares of the sea. ' To strengthen the security of the supply chain to ensure the stability of the goal is more direct and determined, as to the claim to seize the control of the sea has yet to be discussed.
' An electrical appliance business person in charge of the National Grid analysis said that from the point of view of the supply chain Gree is for the sea-state compressor, but from the strategic height of market competition, gree more for the right to speak, that is, to prevent highly by competitors to acquire. For this difference, the person further analysis that gree electrical appliances Lingda compressor capacity does not guarantee complete self-sufficiency, gree and the sea to produce business and equity on the relationship can be more to ensure the supply of capacity, this is self-interest;
From the source of the dispute, the major shareholder Shanghai Electric was interested in selling the shares held by the sea, and the potential bidders are also a number of gree competitors, gree of course do not want to see the sea to enter the rival camp, this is exclusive.
In fact, the brand of Gree was the first day of the deal after the transfer of the shares terminated. August 29, 2017, the opening of the sea opened a license, Gree electric appliances through the centralized bidding transactions to increase the stake in 9.9694 million shares, overweight price range in 11.64 yuan/share to 12.078 yuan/share, spent more than 116 million yuan.
After each trading day, gree all the way overweight, as of September 19 to complete the first lifting card.
From April 23, 2018 to July 4, gree electrical appliances have been increased through the centralized bidding transactions increased by 43.315 million shares of shares in the sea, the completion of the second lifting card.
China's National Grid noted that the gree in the period of increased holdings in the June 25, the shares issued the "on the preparation of non-public offering of shares of the indicative announcement," for the follow-up detailed plans to add a foreshadowing.
However, some investors believe that although the issuance of the proposed programme is not ruled out as a means of control, but from the financial position of the shares of this year's quarterly, the 1 billion-dollar cash plan can indeed provide financial support for listed companies. It is understood that the offshore shares in 2013 issued a five-year 1 billion-yuan corporate bonds ' 12-hu-Li, the bond in the first quarter of this year to return all the principal and interest. In addition, there was a double rise in the first quarter accounts payable and short-term borrowings, with short-term borrowing soaring by about 1.1 billion per cent.
Therefore, in addition to the dispute over equity, the 1 billion plan can make the listed companies more abundant funds. It is understood that the shares of the company announced earlier, the increase is to raise funds to repay the bank loans, supplementary liquidity.
And this temporary shareholder meeting, on the feasibility analysis of the use of funds related to the passage of the bill, perhaps it is due to the current financial situation considerations. Sea-Stand Motion added | Small and medium shareholders are waving their support to Gree