Financial News
Author: Hu Xueneng
2020-10-19 07:01
Last update date: 2020-10-19 07:01
The board of directors of Convoy Global (1019) has been in a battle recently.
The company’s main shareholder and the prince of Kaisa Group (1638) Guo Xiaoqun requested an extraordinary shareholders meeting (EGM) last month, and proposed to appoint him, the former chairman of MTR Corporation (0066) Ma Shiheng, and the legislative council member Shi Liqian as the directors of Convoy. At the same time Seeking to remove board members controlled by Fubon, another major shareholder of the company.
Wu Ronghui, president and executive director of Convoy Group, said in an interview with "Hong Kong 01" that the door to shareholder communication is always open and "comes as you go." However, he believes that the current focus should be on the "rescue company" and described Convoy The state of the patient has changed from being "mostly ill" to a patient who seems to be able to stand up. "If you suddenly say that you want to change all doctors, the course of treatment may have to be changed. Is this fair to the patient?"
Ma Shiheng said earlier that he hopes to become a bridge between the two major shareholders.
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Since the "Mystery Network Storm" broke out at the end of 2017, Convoy Global (1019) has suspended trading, but the scale is still comparable.
The company announced its business operations on August 28 this year. Although it did not disclose specific financial figures, the group has 2,300 employees and financial advisors, about 400,000 customers, and 1,800 personal and corporate customers from more than 200 financial institutions. product.
The market value before the suspension reached 2.495 billion yuan.
According to Convoy’s shareholding structure, Taiwan’s Fubon Caijia, known as the “Taiwan Gang”, holds 29.98% of the shares, Shenzhen Kaisa’s prince Guo Xiaoqun holds 29.91%, and Kaisa’s former employee Chen Peixiong holds 7.26%. The latter two are hailed as The "Shenzhen Gang" holds a total of 37.17%, but currently the board of directors does not have the representative of Kuo, so Kuo has made this move and plans to appoint him, MTR (0066) former chairman Ma Shiheng, and legislative council member Shi Liqian Incoming is not surprising.
Looking through the information, Ma Shiheng had cooperated with Wu Ronghui on the acquisition of Taiwan Nanshan Life Insurance in 2009.
When he was interviewed by the newspaper earlier, he hoped to become a bridge between the two major shareholders.
Then, has Ma Shiheng approached Wu Ronghui, who is regarded by the outside world as having a close relationship with Fubon?
Wu Ronghui (right) emphasized that his role is the "middle position", representing Kanghong Company, and the door of communication is "open forever."
(Photo by Lu Yiming),
It is expected to decide whether to hold EGM in the short term
When Wu Ronghui was interviewed by "Hong Kong 01", he said: "I don't know if Ma Shiheng has confided in other shareholders. If it is with the company (Kanghong), then nothing." And politely said: "Ma Sheng is a highly respected person with a heart in the market. A powerful person, I'm so lucky to have the opportunity to work with him ten years ago.
As for Guo Xiaoqun's side, Wu said that he has not received direct calls from Guo in the past three years, "If I receive this call, I will show up within 15 minutes."
So, did Wu take the initiative to contact Kaisa Guo?
He said: "Guo Sheng is a big entrepreneur, and he is also a powerful entrepreneur. If you ask me, he is a very stylish big entrepreneur. I was fortunate to meet him once in the street, so I told him, I can do it at any time, and my responsibility is to communicate with shareholders.”
He said that the door to shareholder communication is always open. "Not only is it open, but it can also be passed on." The company is ready to explain its operating conditions, comparative advantages, etc., and only owes accounting information.
Wu emphasized that his role is a "middle position". On behalf of Convoy, he is studying the feasibility of holding an EGM with the board of directors and consultants. It is expected that a decision will be made in the short term.
Refers to the "doctor" should not be changed during the course of treatment
Wu said that he does not think that the incident is a shareholder struggle. "If there is a disagreement, everyone sits down and listens to it. You should listen to it. I always say that because I am a Christian and there is nothing to be lost. Find a starting point."
Regarding Guo's seeking to remove board members controlled by the current company’s major shareholder Fubon, Wu responded that the company’s management team is like a group of doctors. In early 2018, it rescued a patient who was "difficult and low": "We use different methods to operate, After dropping the medicine, I did all the methods I thought of, did it for two or three years, and made the results announced on August 28... Until now, it seems that a patient can get up and may know how to run, but he has to do it once or twice. For physical examinations, such as the Stock Exchange, if you suddenly have to change all doctors, the course of treatment may change. Is this fair and reasonable for the patient?"
Kang Hong Storm Kang Hong Wu Ronghui