Chapter 1106 Top 10 by market capitalization
In Li Guangyu's office in Wheelock Building, Xie Tao, president of Pengyu Group, is reporting to Li Guangyu about Pengyu Group's listing on the Hong Kong Stock Exchange.
"Li Sheng, our group did not encounter any obstacles to the listing here, but the Pengcheng government was very supportive of our listing here, and was willing to provide us with help within its ability to help us successfully list on the Xiangjiang Stock Exchange. ”
Xie Tao originally thought that their group would encounter some restrictions when they came to list from the mainland, after all, Pengyu Group was registered in Pengcheng, and during this period, no company in the mainland was listed on the stock market, and they Pengyu Group became the first pathfinder.
What Xie Tao and Li Guangyu don't know is that there are actually quite a few high-level and business leaders in the mainland who want to let enterprises go out and raise funds to go public on some stock markets.
It's just that there are too many matters involved, and at present, the large enterprises in the mainland are basically state-owned, and the companies with headquarters and registration in the mainland are currently only Pengyu Group and Meiqi Garment Group, and most of the other foreign-funded enterprises are branches, and they have not formed much scale.
With the foundation laid by the financial group led by Li Fuzhao in the past, and the willingness of Pengyu Group to come to the Xiangjiang Stock Exchange for listing, the mainland government naturally strongly supports it, which is a good experimental field.
Since Pengyu Group is a group registered in the mainland, it is also an offshore fund that it controls behind it, so there will be much less consideration in this regard and will not involve too many problems.
With the experience provided to them by Pengyu Group, they can also adjust their plans according to the situation, and can negotiate with Li Fuzhao some specific conditions to promote state-owned enterprises to come to Xiangjiang for financing and listing, and can also absorb more funds to help the development of domestic enterprises, and at the same time expand the influence of the mainland in Xiangjiang and even in the world.
Li Guangyu said happily: "If you make a good plan for listing, I will let Bank of Xiangjiang, Tianyu Investment Company, Sun Hung Kai Securities, Bank of East Asia, and Heung Kong Asia Commercial Bank be the market makers of the group."
As long as the plan is completed, the roadshow will be launched, mainly in Xiangjiang, Taipei, Kuala Lumpur, Bangkok, Tokyo, Singapore Consortium and Seoul, these areas have a certain influence, I believe that the market value of the group will be greatly improved compared with the valuation of major institutions. ”
Due to the factors that Pengyu Group has been deep in the mainland, the valuation of Pengyu Group by major investment banks has always been very low, which does not reflect the actual value of Pengyu Group.
Of course, Li Guangyu also knows that Pengyu Group's mainland profit part is indeed not well recognized by all parties in the world, mainly because Pengyu Group is calculated according to the official exchange rate, which is unwilling to be accepted by investment banks.
Over the past few years, Pengyu Group has been deeply cultivating the mainland market, establishing cooperative relations with supply and marketing cooperatives and department stores in many provinces, and vigorously developing cooperative relations with individual merchants, so that Pengyu Group's products can be used in most areas of the mainland.
Although the price of mainland products is relatively cheap, but can not stand the mainland market, the current Pengyu Group's profits in the mainland will occupy the majority, which also causes Pengyu Group and Hongyu Clothing Group to have similar profits, but the investment bank valuation Hongyu Clothing Group is twice the reason for Pengyu Group.
Xie Tao is preparing for the listing, and now it has already been completed, he responded: "Li Sheng, as long as the Xiangjiang Exchange agrees, our group can start the roadshow mode at any time, and I also hope that Jiayi Group and Xiangyu Culture Group can help us publicize more, I believe that our Pengyu Group can become the top ten listed companies in the market value of the Xiangjiang stock market." ”
Now the first listed company is Xiangyu Culture Group, with a market value of more than 92.6 billion Hong Kong dollars, only one step away from 100 billion Hong Kong dollars, as long as there is any good news, the stock market rises, the group can become the first group in Xiangjiang with a market value of more than 100 billion Hong Kong dollars.
In second place is the China Gas Group. The company, which officially surpassed Heung Kong Electric Group last month, sat in the second place, with a current market value of 48.5 billion Hong Kong dollars, and the third is Heung Kong Electric Group, whose market value is only 500 million Hong Kong dollars lower than China Gas, ranking third with 48 billion Hong Kong dollars.
This is followed by Hong Kong HSBC, Bank of Hong Kong, CLP Power, Bank of East Asia, Sun Hung Kai Financial Group, Hutchison Whampoa Group, and Cathay Pacific Airways.
Although Standard Chartered Bank's strength is much higher than that of Bank of East Asia, Standard Chartered is listed in many places, so it has not entered the top 10 in Xiangjiang, and now it can't even enter the top 20, ranking 26th.
With the continuous development of Hong Kong, Standard Chartered Bank's position in the Hong Kong stock market will become lower and lower in the future, even if it holds the right to issue Hong Kong dollars.
At present, Heungjiang ranks in the top 20 listed companies, except for Xiangyu Culture Group Hutchison Whampoa, other companies are either companies that monopolize the public service industry or finance and real estate, even if Hutchison Whampoa's main business is still in real estate, Watsons is currently not heavy in Hutchison Whampoa.
At present, Watsons has been changing its business strategy, in order to avoid homogeneous competition with Hengyu Supermarket Group, they have taken a specialized business route, preparing to focus on health, beauty, cosmetics and other industries.
From the ranking of listed companies in Hong Kong, it can be seen where the center of gravity of Hong Kong's economy is, real estate and finance are the two important pillars of Hong Kong, and there are not many listed companies in other industries among the top 50 listed companies in Hong Kong.
The reason why Xie Tao is confident that Pengyu Group can rank among the top ten listed on the Xiangjiang Stock Exchange is because the market value of Cathay Pacific Airways is not too high, currently only 28.1 billion Hong Kong dollars, and now Pengyu Group's valuation in major investment banks has reached about 24 billion Hong Kong dollars.
Li Guangyu said: "I will communicate with Mr. Li Fuzhao, it is expected that Pengyu Group will be able to obtain the listing qualification within a week, you make a plan, and the official listing time will be set on the 20th of this month." ”
The reason why Li Guangyu put the time card so tightly, mainly on the 6th, that is, next Monday, Xiangjiang Communication Group will be listed, next month on the 4th, Feiyu Group will be listed, in June Hongyu Clothing Group will also be listed, in July, Jiuhua Hotel Group will also be officially listed on the Xiangjiang Exchange, and in early August, Golden Scale Toy Group will also be listed.
Pengyu Group's listing is the same in any month, and in the same month it will collide with other groups under Lee's umbrella, and Li Guangyu wants to exchange these groups for enough cash to deal with the global financial crisis in October.
The reason why the last one was suppressed was at the beginning of August, because at that time he was going to enter the market early, and if it was too late, he would not have a chance to give it to him, if this crisis was intentional by the United States, then how could those American conglomerates not manipulate it, but they were afraid that their traces would appear on the stock markets everywhere.
Once so many groups are listed, Li Guangyu will give up 25% of the shares of each group, so the cash in his hand is very terrifying, and he will be able to deal with the coming crisis with ease.
You must know that not only the Xiangjiang Group is listed, but also the Bentley Group, which has already been listed, and the British Telecom Group and the Xingyuan Group will also be listed on the London Stock Exchange.
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