1. Absolute control -67%.
China's "Company Law" stipulates that the amendment of articles of association, increase or decrease of registered capital, merger, division, dissolution or change of corporate form of a company must be approved by more than two thirds of the shareholders with voting rights. Shareholders hold more than 67% of the company's equity. They are the absolute controlling shareholders of the company and can decide all major affairs of the company.
Second, the relative control -5 1%.
Holding more than 565,438+0% of the shares, except for the amendment of the Articles of Association, the resolution to increase or decrease the registered capital, major issues such as merger, division, dissolution or change of corporate form of the company and other provisions in the Articles of Association, other ordinary matters can be passed by the shareholders' meeting.
Three. One-vote veto on major issues-34%.
Shareholders hold more than 34% but less than 50% of the company's equity, strictly speaking, more than 33.34% but less than 50%. Although it can't completely decide the company's affairs, it has veto power over major issues such as amending the company's articles of association, increasing or decreasing registered capital, merger, division, dissolution or change of company form. Therefore, shareholders holding more than 33.34% and less than 50% can influence the implementation of major decisions of the company.
Four. Other important equity proportions
1, bid quotation line -30%
If the stock exchange stipulates that it holds more than 30% of the listed issued shares and continues to increase its holdings, it needs to make an offer, a comprehensive offer or a partial offer.
This is a clear acquisition signal, and major shareholders need to know the number of shares in the existing core. From the case of Vanke, we can clearly know that the relationship between China Resources and Vanke has changed, and as a result, the main board members of Vanke have fallen.
2. Warning line of horizontal competition-20%
Major shareholders, subsidiaries, parallel subsidiaries and affiliated companies hold more than 20% of the shares, and there may be horizontal competition if there are similar businesses.
This is a potential danger signal, which mainly depends on the distribution of shareholders in the company. If the distribution of shareholders is relatively concentrated and scattered, potential investors have different investment strategic intentions for acquisition.
3. Temporary meeting right-10%
More than 65,438+00% shareholders may have the right to convene an extraordinary general meeting of shareholders, and may inquire, investigate, sue, liquidate and dissolve the company.
This is a rare example, which generally occurs in the case of internal disputes within the company or major changes in equity, and it is necessary to convene an extraordinary general meeting of shareholders.
4. Warning line for major changes in equity -5%
More than 5% shareholders, mainly in the same industry competition, acquire more than 5% equity of listed companies, and the changes need to be announced.
Through past lessons, it is a good thing for all shareholders to disclose the identity of potential investors. It is also a better way to restrain the transparency of barbarian actions.
5. The right to propose an interim meeting-3%
A joint stock limited company holding more than 3% of the shares may put forward an interim proposal ten days before the shareholders' meeting and submit it to the board of directors in writing.
6. Subrogation-1%
In joint-stock companies, indirect investigation and prosecution is the right of minority shareholders. Only when most minority shareholders join hands can they have the opportunity to take more concrete actions. If there is no unification or the number of shares convened is insufficient, it will eventually erode the rights and interests of minority shareholders.