Market value exceeding 40 million yuan, a new trend! The chairman of a listed company donates indirectly held company shares to his alma mater. Chairman | alma mater | company
Recently, Gailun Electronics announced that its chairman Liu Zhihong will donate his indirectly held 1.78 million shares of the company to the Education Development Foundation of Guangdong South China University of Technology, his alma mater. This portion of the shares accounts for approximately 0.41% of the total share capital of the company, with a market value exceeding 40 million yuan.
In fact, in recent years, it has become a trend for the chairman and actual controller of listed companies to directly or indirectly donate to their alma mater.
For example, in April this year, Li Yinhui, the chairman of Tiandeyou Wine, donated 100 million yuan worth of shares to his alma mater Peking University. Moving forward, Qin Yinglin, Chairman of Muyuan Group, donated 1 billion yuan directly to his alma mater Henan Agricultural University, Qu Lei, Chairman of Shengshi Technology, donated 1.2 million shares to his alma mater Southeast University, Kang Weimin, Chairman of Xinguang Optoelectronics, donated 5.82 million shares to his alma mater Harbin Institute of Technology, and Zeng Yuqun, Chairman of Ningde Times, donated 2 million shares to his alma mater Shanghai Jiao Tong University.
It is not uncommon for business founders and high-income groups to donate to their alma mater, with both praise and controversy. However, from the donations made by the chairman and actual controller of listed companies to their alma mater in recent years, we can also discover some distinctive new characteristics and trends.
One reason is that more and more donors come from listed companies in high-tech and strategic emerging industries.
For example, CATL is a leading global manufacturer of power batteries, while Galen Electronics specializes in providing customers with electronic design automation products and solutions that have been widely validated and used by leading global integrated circuit design and manufacturing enterprises. Shengshi Technology mainly engages in research on new generation information technologies such as artificial intelligence, big data, and the Internet of Things.
The second is to clarify the direction of fund utilization through donation agreements, which mainly includes two aspects.
On the one hand, it is to cooperate with universities from the source to cultivate talents urgently needed by enterprises and industrial chains. For example, Gallen Electronics stated in its announcement that the chairman's donation aims to "promote the construction and development of the school's integrated circuit discipline, and cultivate more outstanding talents in the integrated circuit discipline for society.". On the other hand, it is to cooperate with research institutes of universities to promote basic scientific research and development, and achieve leapfrog innovation.
Thirdly, donors are increasingly inclined to donate their holdings of listed company shares rather than cash, and recipients mainly receive dividend income from these shares or the consideration obtained from the transfer of corresponding shares.
As the Chinese economy enters a stage of high-quality development, technological innovation has become the core of the overall development. This is also reflected in listed companies, especially "hard technology" companies, which are the "leaders" of the Chinese economy. They have a high thirst for excellent talents and hope to comprehensively enhance their independent innovation capabilities, striving to make major innovations in the field of basic technology and achieve major breakthroughs in key core technology.
The chairman and actual controller of a listed company donating to their alma mater has become the preferred model for strengthening industry university research cooperation with universities, which is both "close to the water tower" and efficient and precise. Through donation agreements, relevant parties strengthen deep cooperation and promote the flow of outstanding talents or scientific research achievements to listed companies.
At the same time, talent gathering and breakthroughs in scientific research and innovation help listed companies occupy the competitive high ground, promote sustained development and growth of enterprises, achieve performance improvement, and further increase the market value of donated shares, ultimately forming a positive cycle of industry university research cooperation.
A gift of roses leaves a lingering fragrance in one's hand. I believe that the chairman of these listed companies and similar donation models will become good examples, driving more and more shareholders and executives of A-share listed companies to join in.