Founder Majority Equity as Stability Anchor

“The ownership structure guaranteed the original team the largest number of shares, exceeding 50% of the total after listing. Too much dilution of equity would not help the company’s long-term planning, pushing emphasis on short-term profit taking. Several years of toiling in the industry convinced me that a hotel business will develop more smoothly and stably if there is a single large shareholder. As Liu Chuanzhi, the founder of Leveno, has said, a company must have a boss.”

“The value of our company’s stock was also very low, and the Chinese stock market was doing well. But I did not follow the trend because I entered the business world not solely to accumulate wealth. In addition, withdrawing from the market then re-entering the market would have taken up a lot of my time. If I had time to spare, why not spend the time on developing new products? Or on team building? I prefer that investors, not speculators, buy our company’s stock.”