The sponsor of Xifeng's listing in Hong Kong City is BNP Peregrine, and although Taurus Capital also has a securities business license, after all, the major shareholder of both companies is Song Weiyang, and it is possible that the stock exchange will be in trouble when it is reviewed. Taurus Capital is also involved, although it is not a sponsor, but it also acts as an intermediary, and the fertilizer does not flow into the fields of outsiders.

When Xifeng restructured its division, the name of the company was also changed from "Xifeng Food & Beverage Co., Ltd." to "Xifeng Food & Beverage Co., Ltd.", and the original shares were offered to all internal employees (who had been employed for more than one year).

The "original stock" thing was very attractive in the 90s, at least in the mainland.

The reason for this is that the development of the securities market is not perfect, and enterprises and shareholders are not mature. Falling below the issue price? In the 90s, any company that could be listed had to rise a few waves at the beginning of the listing, and then the original stock could be almost 100% profitable.

Therefore, the folk have been circulating the myth of the wealth of the original shares: a state-owned enterprise is reforming the shareholding system and preparing to go public, ordinary employees can also get a small amount of original shares, and some employees also borrow money to buy the original shares. Once this state-owned enterprise is listed, the original shares of 1,000 yuan will become tens of thousands of yuan in minutes, which will envy the neighbors to death.

This situation is very common, so it spreads more and more evilly, and finally becomes a worker who invests a few hundred yuan, and instantly earns hundreds of thousands after being listed. There are really people who believe it, and the more people at the bottom, the more convinced they are of this rumor, dreaming that their company can also be listed.

Let's talk about Rongping City, Wuliangye in the next city was listed not long ago.

Due to the continuous expansion of Wuliangye's territory, it was unable to come up with enough funds for the time being, and some of the surrounding farmers who were occupied and demolished were actually allocated a small amount of original shares. As a result, the "inside information" spread to Rongping City, and it became: a farmer was occupied by Wuliangye, and the compensation for cultivated land was not enough, and he got 100 shares of the original shares. At the beginning of the year, the farmer complained everywhere and even went to the city government to petition. Hehe, not long ago, Wuliangye was listed, and the original shares in the hands of that farmer were already worth 100,000 yuan!

When the news of Xifeng's announcement of the sale of original shares came out, it immediately caused a violent reaction, and many ordinary employees ran around just to borrow more money to buy stocks.

Even some social people who are not employees of Xifeng are salivating over this, and they go through the back door everywhere.

Employees of local branches and sales branches also responded positively, and some even postponed their wedding dates and used the marriage money to buy original shares.

Xifeng's senior management was so overwhelmed that they could only expand the amount of original shares to be offered while stipulating a limit on the number of purchases per employee. Moreover, the higher the rank and the longer the service, the more original shares can be purchased, and the right of first refusal is likely to be impossible.

Including Yang Xin, Zheng Xuehong, Chen Tao and other high-level executives, they all took out all their savings to subscribe, and their shares were not only not diluted, but also took the opportunity to rise a little - Song Weiyang lent them money, in fact, he was giving away shares in disguise, otherwise they would not have been able to take out so much money.

In a word, Song Weiyang is sending money!

The effect is obvious, from the senior cadres to the bottom employees, the overall work enthusiasm has been improved.

Many of the more conservative rank-and-file employees were not interested in the original shares. But soon I was infected by this atmosphere, and I took out spare money to buy a small amount of 10 shares or 20 shares, and when I went out, I could pat my chest and say to people: "Lao Tzu is now a shareholder of Xifeng Company!"

After the internal sale of the original shares was completed, Song Weiyang's shares shrank a lot, and the shareholding structure became: Song Weiyang (56%), Song Qizhi (18.5%), Guo Xiaolan (8%), Yang Xin (5.5%), Zheng Xuehong (5.5%), Chen Tao (3.5%), and other employees held shares (3%).

Suddenly, the company's cash volume increased by 120 million yuan, and Song Weiyang borrowed tens of millions of yuan to buy shares for the company's senior management.

Xifeng's high-level cadres will definitely be rich in the future, but now they owe Song Weiyang a lot of debt, in exchange for the original shares that cannot be cashed out for the time being.

At the same time, BNP Peregrine and Taurus Capital have also settled in Xifeng Company to conduct investigations, problem diagnosis, professional training and listing business guidance for the company. By mid-November, Peregrine had completed its inspection of Xifeng and submitted its listing application documents to the securities regulatory authorities in Hong Kong City.

Peregrine is still very powerful, Vice President Liang Botao's former partner is the former vice chairman of the Hong Kong City Securities Regulatory Commission, and this person is also one of the founders of Peregrine (now he doesn't do business, and specializes in being a nanny for Li Chaoren's son).

On the one hand, Peregrine has a hard relationship, and on the other hand, Xifeng Company has strength, and the preliminary examination was passed in only a few days, and the listing application of Xifeng Company was officially approved in early December.

It's so fast!

Of course, there is also a broader context. Now the Hong Kong stock market is in the recovery stage, and companies with good performance are urgently needed to add fuel to the fire, and Yang Xin began to plan for listing the year before last, and the preparations are relatively perfect, and there are no loopholes in all aspects.

At the end of the year, Yang Xin dropped his job and took Chen Tao to Hong Kong City to do an "IPO roadshow".

The effect of the roadshow is still very good, and Song Weiyang's influence is also in it. The mainland Ding Crab, the god of stocks, the man who confronted Soros also showed his outstanding talent in the book "The Future Belongs to China", and the financial institutions are very confident in Song Weiyang and the Xifeng Company with good performance.

After repeated accounting and discussion and communication, the total share capital of Xifeng Company was set at 3.8 billion shares, of which 1 billion shares were newly issued, including Peregrine, Taurus Capital, Citibank, Bank of China Investment, HSBC and many other institutions are willing to subscribe or underwrite.

And the issue price is set relatively high, at HK$1.5 per share.

The listing date of Xifeng Company was determined to be January 1, 1999.

Of course, that's a few months away, let's get back to the present.

The PHS of the motherboard produced by Shenzhou Technology Co., Ltd. has begun to sell the first batch. After 7 months of repeated testing and modification, the PHS motherboard is not inferior to the products of Taiwanese companies at all, at least PHS users do not feel any difference.

When Shenzhou Technology's PHS business was in full swing, Huawei also started GSM technology research and development this summer - and then it blew up, and Mr. Ren was so anxious that he wanted to jump off the building, find someone to finance everywhere, and borrow money from banks everywhere.

When it comes to Huawei's GSM R&D project, Huawei's top management characterizes it as "ignorant and arrogant". I didn't understand anything, I went in recklessly, and then I was trapped, so I could only do it hard, and at the same time, I was frantically suppressed from all sides.

In the early 90s, the boss of China's fixed-line network equipment was Bell Telephone Company, and you will know that it is a foreign company when you hear the name.

Foreign companies did not pay attention to China's local enterprises, so they paid a heavy price, and the fixed-line equipment business was snatched up by "giant (dragon) big (Tang) Zhong (Xing) Hua (for)" in a few years. Now that Huawei is going to make GSM equipment, foreign companies suddenly wake up, and the person in charge of the mobile business of Bell Telephone Company even said: "I would rather be dismissed because the price is too low, than be removed because of the loss of the market!"

As a result, when Huawei's GSM project R&D achieved results, it participated in the bidding for the first time, and was jointly suppressed by foreign companies such as Ericsson and Bell. Foreign companies first falsely reported a very high price, and Huawei stupidly lowered the bid price, but the bid price of foreign companies collectively dived, which was jaw-droppingly low.

Huawei's turnaround is to develop the world's first mobile intelligent network technology based on new international standards, and China Mobile has used this technology to establish "Monternet".

At that time, foreign companies signed private agreements on smart networks, charging $300 per user. Huawei exploded, directly priced at more than 100 yuan, only one-twentieth of the price of foreign companies, leaving the officials of the mobile company dumbfounded.

What price butcher is a butcher?

You've got a kind of price cut down to one-twentieth!

Huawei's mobile intelligent network technology has also brought Internet companies such as Tencent, Sina, Sohu, and NetEase to life. At that time, the Internet bubble was bursting, and Internet companies could not find a profit point at all, and Montnets brought huge profits to these companies, otherwise they would not know how to survive.

That was after 2000, and now Huawei's funds are being drained by R&D projects.

Even embarrassed to the point of fooling employees!

Huawei has established an internal bank that issues employees with a sunshine card, which includes salaries and higher interest rates than other banks. Those stupid programmers have kept all their net worth in the internal bank, and even the bonuses and dividends at the end of the year have been fooled by the leaders to buy Huawei's virtual restricted shares.

Once Huawei's GSM project goes bankrupt, these employees will lose all their money!

At the same time, it is not known who instigated it, and the relevant departments received more than 3,000 whistleblower letters, saying that Huawei owes 10 billion yuan in wages to workers, 10 billion yuan in payments to customers, and 10 billion yuan in taxes to the government.

Although the relevant authorities ignored these exaggerated and outrageous false accusation letters, the letters were inexplicably exposed and even reported by the media. Most of Huawei's customers are enterprises, public institutions, and government agencies, and the heads of the units are afraid of taking political risks and dare not cooperate with Huawei, resulting in Huawei not receiving a single order for half a year.

Not only that, Huawei has set up joint ventures with local telecommunications bureaus to set up sales companies, seizing a large number of markets. Now, the telecom bureau has been ordered not to open such a company, and all of them will be cleaned up and settled, and the close relationship between Huawei and telecom has been severed.

Unable to receive orders, the company's funds bottomed out, and it had to invest huge R&D expenses, which was Huawei's dilemma from 1998 to 1999.

At the beginning of November, Song Weiyang received a phone call from Shenzhou Technology.

Huawei asks for investment, the more money the better, but it can only buy restricted shares, that is, shares without voting rights. If Song Weiyang invests in Huawei, he cannot participate in the management, and at most he will send people to check the accounts regularly.