The last one is the clause of competition among peers. If the business engaged in the company and the affiliated parties are the same or similar, the two parties may constitute a direct or indirect competitive relationship. The shareholders of the company naturally belong to the affiliated parties.

"Simultaneous industry competition" is one of the "red lines" for capital operation and has been the focus of the inspection of the proposed IPO companies by relevant regulatory authorities. Because on the one hand, competition in the same industry causes conflicts of interest, which is not conducive to the independence of the company. On the other hand, it is easy for competitors to transfer the company's interests, damage the interests of the company's shareholders, and hinder the company's development.

Of course, after Wang Yiyuan and other shareholders sold the shares of the original intermediary company, they no longer constituted a peer-competitive relationship with the Beijing company. However, due to the second above, if Wang Yiyuan owns the shares of the company and becomes a shareholder of the company, it would be a different matter.

In this way, Wang Yiyuan and others' unification relationship with the company's peer competition will continue until the shares they own will be cleared. However, due to the ever-changing real estate agency market and Shanghai's market capacity is so large, in fact, this clause does not constitute much impact or constraints.

Mr. Cao and others saw the school district housing system led by Kang Lixin and Ren Ziping, and they knew about it in their hearts. It was just that you know and I know it, everyone knew it well, but they didn't say it out loud.

Wang Yiyuan naturally had nothing to say about the first special request. He felt that this was also his responsibility. He could not immediately clear his relationship with him just because the intermediary company shares were cleared. On the contrary, Wang Yiyuan felt that his responsibility was greater.

Why? In fact, it is easy to understand. Wang Yiyuan has always regarded his company as his child. Nowadays, the sale of an agency is like a beautiful girl who is married first. Although he chose a good partner for the child, whether the child will live well in the future, as a family member, he will certainly care about it as always. How could he bear to have any problems and twists and turns?

On the other hand, there are nearly 900 employees of 92 stores of the intermediary company. Most of the employees choose to stay in the new intermediary company to continue working. How to effectively protect the interests of this group of people, at least they can enjoy no less than the original salary, is something that Wang Yiyuan needs to face and solve with this company in Beijing.

For those employees who were unwilling to go to the new agency, Wang Yiyuan gave them two choices. If they chose to leave completely, they would give corresponding compensation in accordance with labor regulations. In the end, Wang Yiyuan temporarily placed them in the real estate research institute and school district housing business.

The business system of school district housing has established a company separately. From a legal perspective, the composition of shareholders has nothing to do with Wang Yiyuan. The legal person of this company is Kang Lixin. Now Kang Lixin and Ren Ziping are the persons in charge of the business of school district housing.

Wang Yiyuan later discussed with Mr. Wu that the remaining employees had an additional opportunity to choose. If they were voluntarily, they could prioritize their work in various project sales offices of Mr. Wu's real estate company.

In this way, through the efforts of Kang Lixin, Liu Ping and others, all employees of the original intermediary company were properly placed and arranged, and there was basically no friction due to changes in labor relations, laying a good foundation for the company's smooth and excessive and normal handover.

Among these additional requirements, the biggest difference between Beijing's company and Wang Yiyuan is still the second one.

The rules for listing on the main board of Hong Kong are different from those of the mainland securities market. Original stocks enter the secondary market and cash out has a time limit, which is the stock lock period, also known as the ban period.

The period for listing original shares is generally restricted from one to three years. The specific time mainly depends on the agreement between the sponsor and the company. If this part of the shares is traded, it must be operated through and entrust the stock underwriter to entrust the stock underwriter.

Generally speaking, there will be a certain discount on the company's internal subscription price and the issue price for future listing. If the company has indeed entered the listing process, subscribing to the original shares is of course more cost-effective.

However, whether the stock can appreciate after listing is determined by the company's performance and the market, and there are still many uncertainties. There are also precedents in the securities market that it falls below the issue price when it goes public, or even approaches or falls below the subscription price.

If it approaches or falls below the subscription price, plus the capital cost during the period of the ban, holding the company's shares is actually still risky. Finally, both parties determine that the shares given to Wang Yiyuan should be calculated at a standard of no more than 40% discount to the company's issue price, so that Wang Yiyuan can barely agree.

At the banquet that night, Wang Yiyuan opened the toasts from the company's employees, and Wang Yiyuan refused to refuse all the toasts from the company's employees. However, he still guessed that there was one thing he was not enough. Mr. Cao and their company's employees were basically northerners, and they were all very good at drinking. After a while, Wang Yiyuan drank a little too much in the end.

However, he remained awake for the last time and insisted on taking a taxi home.

Although Xiao Xiaoxiao was very unhappy when she saw Wang Yiyuan coming back drunk, she thought that today was indeed a great day, so she had to help him take a bath in the bathroom first.

Unexpectedly, while soaking, Wang Yiyuan fell asleep in the bathtub, and even started to snore rarely. So Xiao Xiaoxiao spent a lot of effort to finally drag him to the bed.

The next morning, Wang Yiyuan woke up early. He opened his eyes and remembered the situation last night. He was still a little Hao Ran, afraid that Xiao Xiaoxiao would talk about him again. He did not disturb Xiao Xiaoxiao. After putting on his clothes, he went to the study alone to read the book.

There was a newspaper on the desk. Last night's Xinmin Evening News, it might have been put on the table after reading it. Wang Yiyuan suddenly thought curiously, yesterday was the last signing day of our company, and he completed a major event in his life. So what major thing happened in Shanghai on this day?

He brought the newspaper to the home page, and a big title attracted his attention:

On June 8, the world's largest river reservoir in the heart of the river, Qingcaosha Water Source, was fully completed and opened. The water supply ceremony was held in the morning. More than 10 million people in Shanghai drank high-quality Yangtze River water.

Green Grass Sand? Isn’t it just next to the Citrus Amusement Park? When I think of Citrus Amusement Park, Wang Yiyuan immediately realized that because of his extra busy work, he had not visited Xiao Xiaoxiao’s father and mother who were living there for a long time.
Chapter completed!