Chinese Version Of Berkshire Or Deposit Pressure

Cui Jun increased the shareholding of Xinhua Department store to 30%, making it difficult to establish the Chinese version of Berkshire.

The "lightning type" holdings of the private equity leader Cui Jun and his concerted action have made the controlling shareholder of Xinhua Department Store feel "breathless".

In September 15th, Cui Jun increased its stake in Xinhua Department store to 30% through its fund, which was less than 1% of its stake in Wumart holdings.

In the face of Cui Jun's forcing the Imperial Palace, the Xinhua Department Store began to face confrontation in September 18th. It plans to vote on the current 6 directors' dismissal motions and 6 new directors' motions at the shareholders' meeting in October 8th, while planning major asset reorganization matters.

In fact, Cui Jun is in his possession.

After the stock reached the conditions of convening the provisional shareholders' meeting, it has proposed three times to set up a bill of Berkshire Holdings Limited and replace directors. After being rejected for two times, it finally got the nod of the Xinhua Department Store board for the third time.

In September 22nd, a private Hubei private reporter told reporters that when considering the establishment of the Berkshire bill, all the funds of Bao Yin Chuang win and trillion win investment need to avoid voting. Therefore, there is great uncertainty about whether the Chinese version of Berkshire can be established.

To this end, the Cheung Kong Daily reporter called Cui Jun on the phone for details, but his cell phone has been shut down.

Now it seems that the private equity leader Cui Jun has already arranged before the increase.

In September 17th, the third annual general meeting of shareholders announced by Xinhua Department in 2015 showed that a group of "Holding Limited company" was jointly established by Bao Yin Chuang, Zhao win investment and Xinhua Department store. The name is tentatively designated as Berkshire Holdings Limited.

This investment company valued by Cui Jun shares the same name as Berkshire, a shareholder of Buffett.

The Changjiang Daily reporter found that Buffett's mode of operation is to maintain long-term ownership of excellent enterprises, share the fruits of enterprise development, focus on investment, and focus on several important stocks to achieve optimal allocation of capital.

Cui Jun's position on the Chinese version of Berkshire is basically the same as that of Buffett.

But one thing, Berkshire's insurance companies and other excellent companies can provide Berkshire with a continuous flow of cash and maximize investment opportunities.

Xinhua Department stores reported a slight decrease in its main business revenue this year. Even if the investment company was established, the cash flow support of Xinhua Department store was limited.

The above private placement believes that there is still some financial pressure on the investment companies relying on department stores as opposed to Buffett's Berkshire company.

Moreover, when considering the bill at the upcoming third provisional shareholders' meeting, related shareholders, Bao Yin Chuang won and trillion win investment.

They were asked to avoid voting.

Judging from Xinhua's statement, the company and the current controlling shareholder, Wumart holdings, have set up "

The opposition is unlikely to win the support of the controlling shareholder of the company.

There are also market people who question whether the name of the company can be registered by industry and commerce, and one of the relevant people of the Shanghai mega - win company said Buffett's company's name followed by "Hathaway" three words, not exactly the same, but in Guangzhou, such companies have been registered through business, and have been operating.