After that, Lu Feng didn't have the mind to manage too much. The senior executives were all veterans, so there was no need to keep an eye on the progress every day. At the same time, Lu Feng also announced the equity plan for the senior executives.
Each of the original senior executives holds one percent of the shares, which is the second type of shareholding and entitles them to dividends. After working at Hurricane Capital for ten years, the shares will belong to the senior executives. This type of shareholding is subject to equity dilution, and the bonus system is also clearly stated.
While everyone's income has indeed decreased, Lu Feng's blueprint also tells them that in ten years, the shares they hold will be worth no less than one hundred million US dollars.
If someone else had said this, people might not have believed it, but when Lu Feng said it, it carried some weight. Since they had already come this far, everyone felt that they should just try and see how things went.
"It's almost May, and half the year is already over. You needed funds, and I've found them for you. By the end of the year, I hope to see everyone's hard work this year." Lu Feng said to everyone, "I will keep an eye on the company, but not too frequently. I'll give you real room to grow. If you have any uncertainties, just call me. That's all!"
After the meeting adjourned, Lu Feng had a meal with everyone. He had more important things to do next. Su Yourong had indirectly controlled 40% of Hurricane Capital's shares. She herself was one of Hurricane's shareholders, holding 5% of the shares. This 5% was held by the parent company of United Capital.
In other words, Lu Feng, as the major shareholder, actually controls United Capital, but Su Yourong is in charge of things like registered capital, acquisitions, and daily ownership.
Su Yourong's thinking was simple: she currently holds 45% of Hurricane Capital's shares, and Hurricane will still have funding problems next year. She will then acquire another 6% to gain absolute control.
Lu Feng was aware of this situation, so in order to avoid future financing, as long as he secured United Capital and integrated the company into a group, with internal funds providing support, the funding problem would not be an issue in the short term.
Lu Feng didn't know much about the Hong Kong stock market, and he didn't know which of the stocks in United Capital were being manipulated. He had originally thought of using the previous manager, Mr. Li, but then he felt that Mr. Li was someone Su Yourong had found, and he wasn't very reliable.
Lu Feng asked Zhu Lidong to find a private equity manager and assemble a small team of about ten people. They rented an office of about 100 square meters, which was about a thousand meters away from the United Capital building.
"The current total market capitalization of United Capital is HK$15 billion, which is the median. The highest historical share price was HK$57.50, and the current share price is HK$31.10. The lowest price it reached was HK$18.60. The total share capital is more than 480 million shares, all of which are currently circulating shares. Shareholders hold 230 million shares, and the top ten shareholders of circulating shares hold 120 million shares. The rest are held by some institutions and retail investors." Manager Liu reported on the basic situation of United Capital.
Lu Feng flipped through the report. Su Yourong's shareholding had reached 41%, making her the largest shareholder. The latest publicly disclosed item was the investment and use of the company's idle funds, and the report showed that the investment funds were classified as risky.
"Who's the dealer? Do you know?" Lu Feng asked.
“I’ve inquired, and it should be Jin Wanlian, a good friend of President Su. The two have a very good relationship. She currently holds tens of millions of shares. If she wants to control the company, she would at least need to surpass President Su and become the largest shareholder!” Manager Liu suggested.
"Let's start by establishing positions today. Prepare several accounts and hold shares separately. We'll discuss the rest later. You guys keep track of the data collection." Lu Feng instructed.
Tiger Fund and Quantum Fund, based in New York and on Wall Street, finally paid back the remaining Thai baht today. After settling the accounts, both companies lost nearly a billion baht, a huge loss that neither of them could accept.
At the Goldman Sachs-hosted Wall Street conference, representatives from the Federal Reserve were also present, primarily discussing issues related to financial intervention in the Asian region.
"Everyone can see the bubble in Hong Kong. There has been a large-scale industrial shift, and the financialization and real estate development have become very serious. This situation should be a great opportunity for you."
Robertson sat there motionless; let someone else have this opportunity.
"Robertson, is there anything you'd like to say?"
"All I know is that I shorted the Thai baht and lost 800 million!"
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