v2 Chapter 507： Diluted equity (2/2)

After waiting angrily for the shopping guide, the woman hurried away from Wanda Plaza.

——

Jincheng Building, Chaowei Group Conference Room.

Li Minghua stood at the door of the conference room, his body filled with murderous aura.

Listening to Xu Weimin's voice from time to time, Li Minghua's face became gloomy again.

After hesitating for a long time, Li Minghua used both hands to push open the door of the conference room with a ”bang”.

Li Minghua!

Everyone was taken aback for a while, and then a faint smile appeared at the corner of their mouths.

”Mr. Xu, as a director of the company, I should be eligible to participate in the board of directors, right?” Li Minghua looked at Xu Weimin without caring about the eyes of others.

”If you want to sit down, no one cares about you.” Degree? gave him a cold look and said.

”Thank you~” Li Minghua nodded, found an empty seat, opened the stool and went on.

”Next, let's talk about the dilution of equity.” While speaking, Xu Weimin gave Li Minghua a cold glance and smiled: ”I plan to issue 500,000 additional shares in the stock market. What do you think?”

500,000 shares, equivalent to 30% of the entire Chaowei battery.

In other words, the year-end dividend for each of them will be as low as 30% or more.

As soon as this statement came out, all four were shocked, and everyone except Li Minghua, who had known the content in advance, looked at Xu Weimin in amazement.

No one thought that Xu Weimin would actually make such a decision.

Issuing additional shares and diluting equity is a huge impact on a listed company. Under normal circumstances, it is not a last resort and no one will do this.

Has Chaowei reached the point of last resort?

Not necessarily.

They felt that Xu Weimin's move was even more for centralization.

Additional equity issuance is a common business method. It can not only withdraw funds quickly, but also consolidate its absolute controlling position by diluting the equity of others.