Chapter 601: Delisting and Listing

After the agreement is signed, Liu Xiaoli will serve as a supervisor of Bona, overseeing Bona's finances, overseeing Bona's shareholders, overseeing Bona's risks, and also possessing investigative authority.

For instance, whoever made a mistake, or a decision-making error, she can investigate.

Liu Xiaoli may not be able to run a company, but she does have the ability to supervise one. Liu Tianxian remains pure, holding no position at all.

Originally she held no position in any company, only serving as her mother's representative in negotiations.

Moreover, her mother hasn't appeared in front of the camera for many years, doesn't participate in any events, essentially hidden, only helping them behind the scenes.

After all, there's only this one daughter, this one son-in-law.

Of course Yuanmeng Tiancheng will support Bona's privatization. This shareholder meeting doesn't even need to be held, no vote needed. As long as Liu Xiaoli and Yu Pangzi agree, with over 50% of shares, the privatization process can proceed.

It just needs funds to acquire shares from other shareholders and the publicly traded shares.

This is a necessary acquisition. Although publicly traded shares have no say, they also have their interests protected. Fortunately, there's only 1.6% left, so the funds needed aren't much.

Another 10.3% of shares are in Sequoia's hands. These also need to be bought back for the privatization to proceed smoothly.

If the other party disagrees, the privatization will be obstructed.

This can't be forcibly reclaimed. United States securities law requires holding over 90% of shares before forcibly acquiring the remaining shares.

That extra 0.3% just happens to prevent Bona from forcibly reclaiming Sequoia's shares, but a special committee can be established to evaluate the value of those shares for buyback.

In other words, evaluate a price both sides accept, and buy the shares from Sequoia.

If Sequoia disagrees, it can only be resolved through forced squeeze-out and litigation, but generally it won't go that far. After all, Bona is already in this state, Sequoia has no reason to struggle.

Either agree to the acquisition of its shares, or continue holding and support Bona's privatization.

But it's hard to continue holding, because Bona's future with Yu Tu is uncertain. Originally it was on Alibaba's and Tencent's side, and who knows if they'll dilute it later.

This 10.3% of shares can be acquired through fundraising. When Bona lists on A-shares later, the fundraising institutions will become Bona shareholders.

Of course, loans can also be taken from banks, or from Yu Tu. Yu Tu has to support its little brother, it can't completely ignore them.

This point makes Yu Pangzi quite gratified. It seems the Principal isn't really ignoring him.

Just took his stuff, and lends him some money!

Fang Hong is also doing this so Bona can list on A-shares as soon as possible. If it lists on A-shares, its strength will jump significantly, after all, financing won't be that difficult.

In the office, Fang Hong, Liu Tianxian, and Yu Pangzi are all present. No one else is there, they're chatting privately.

Fang Hong instructed: "Let me tell you, you'd better complete the delisting within this year, and list on A-shares next year."

"Why?" Yu Pangzi didn't understand.

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

Fang Hong didn't explain the reason either, because he has already changed the history of the entertainment circle, changed the course. What it will be like in the future he doesn't know either, he can only use means, use ability to struggle forward.

But he knows some general trends, those won't change, because many things have already happened, they just haven't broken out yet.

Fang Hong said again: "If you have any problems, tell me. I will fully support your delisting and listing."

This made Yu Pangzi a bit moved. Earlier at the press conference he spoke so resolutely, saying he wouldn't care about him, and now he's fully supporting his United States delisting and A-share listing.

He doesn't know what the Principal is thinking.

"Principal, you being like this makes me feel like a stranger again." Yu Pangzi said.

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

This remark made Liu Tianxian purse her lips and smile.

Yu Pangzi didn't speak. He did have that feeling a bit. Earlier he was being pressed to death, and now his work is being fully supported.

Of course there was still no blood transfusion, just words. Everything will have to be repaid later.

"The press conference earlier was just for show. You also know when I acquired you, you brought a bunch of helpers to cause trouble. Do you really think Alibaba and Tencent are kinder than me?" Fang Hong retorted.

Yu Pangzi didn't think those few were kinder than the Principal, he just felt he had more freedom. The agreement Bona is signing at this stage is restricting him, selling the company.

"In the future you will thank yourself for today's decision." Fang Hong said again.

His holding that press conference earlier was to make Alibaba and Tencent completely concede on the Bona matter.

If not for this, who knows what would happen.

After Yu Pangzi left in thought, Liu Tianxian said: "Look at what you've done to the guy, he's gone silent."

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

Now he's been made into someone who doesn't talk, silent and taciturn.

"If I don't do this, you think he'll listen? Restraining him by morality and emotion takes time to experience. We can't do that, we can only press him hard, make him listen." Fang Hong held her hand.

Liu Tianxian sat half her bottom on the office desk in front of him, a pair of long white legs resting on Fang Hong's executive chair. She wore a light blue plaid shirt, with loose denim shorts on the bottom.

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

"Then why are you in such a rush to get him to delist and list?" she asked.

"To strengthen Bona's power, it needs some risk-bearing ability. And I feel that in the next few years, major events will keep happening in the entertainment circle." Fang Hong leaned back in his chair looking at her.

The two were facing each other. Liu Tianxian sitting on the desk looked somewhat tall, Fang Hong sitting in the executive chair looked somewhat short.

"What major events?" Liu Tianxian asked again.

"Hot money in the entertainment circle will keep increasing. This money will make some people in the circle lose their way. Coupled with the development of the internet, some of the corruption and depravity in this circle will be exposed to the public. You know this industry too, under the spotlight, everything gets magnified." Fang Hong explained.

He couldn't say specific things, could only speak speculatively. It's best for Bona to complete delisting this year and list next year, because in '17 and '18, listing in the film and television circle will be very difficult!

These two years will see the outbreak of the Yin-Yang Contract storm in the film and television circle. This storm made the higher-ups vigilant, so they tightened the listing review policy for film and television companies.

In the previous life, Bona submitted its prospectus in '17 and ran into this kind of thing. In '19 when it submitted its prospectus again, Ruihua Accounting Firm was investigated for financial fraud.

This caused 33 related companies' IPO projects to be halted. Bona was among them, with its review suspended. Truly tragic.

What happened after everyone knows, the Black Swan Event, so Bona's fate was bumpy, only landing on A-shares in '22.

Fang Hong wants Yu Pangzi to hurry, wanting to get Bona listed quickly in '16 and '17, avoiding a series of events.

For example, the Yin-Yang Contract storm, no one can stop it. This is something that already happened, and is happening.

So the national policy is good, truly worrying itself sick for these people. When tightening, afraid they can't develop; when loosening, they cause all kinds of trouble.

Hit them and they scream bloody murder; leave them alone and they fly off the handle!

And this line of work is in the cultural sphere—it can corrode people's spirits, so whether you like it or not, you really do have to deal with it.

Just look at the Korean wave surging in these past few years. You think the country really wants to restrict Korea? What it wants is for the idols on its own market to be evenly matched with theirs, to be able to hold their own against them.

But they just refuse to step up, just can't compete, and on top of that those fans are truly too crazy, too shameless.

They had no choice but to do something—grabbed some pretext or other to slap a restriction on, but honestly it had nothing to do with that matter.

"What you say does make sense. There really are some shameless things out there, and we never know when they'll blow up."

Liu Tianxian knew a bit about it too—after all, she was in this circle herself—and immediately praised him: "Not bad! Looking to the future, preparing for rain before the clouds gather."

"Of course. I can not only look to the future of my career, I can look to the future of us. Pretty soon we're getting married, holding the wedding. Ah, what a complete life." Fang Hong sighed.

His gaze rested on her, a faint smile on his face.

Liu Tianxian's eyes curved like bright crescent moons, a happy smile on her face too. Their wedding was drawing near—in June—everything was ready.

Relatives and friends had all been notified.

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

"Say what you like, your legs really are white." Fang Hong sat up, placed his hand on her fair, tender leg, and gently stroked upward.

"It's not like this is your first day looking." Liu Tianxian felt a little tickle.

"Every day it feels a little different." Fang Hong's hand moved upward, naughtily slipping inside her denim shorts.

"Get lost!" Liu Tianxian kicked him.

(End of chapter)