Ready to go public?

When Zhao Ke and a few people heard this, they couldn't help but show a look of surprise on their faces, Ma Xudong seemed to have mentioned this matter at a group meeting before, but Zhou Jingming did not agree at that time, saying that he would consider this matter after the further development of the group, how long did it take for Zhou Jingming to change his mind?

"Didn't you say that it's a little too early to go public now, why are you preparing for this now?" Zhao Ke asked curiously.

"And to raise funds through listing, it is generally necessary to consider the listing of the group when there is a major strategic decision that requires a large amount of funds, do you have any big plans for Jingming next?" Xu Weidong also asked curiously.

The listing of any company has its own purpose, otherwise it will be too wasteful of resources to raise so much money after the listing just to let it idle.

However, Zhou Jingming shook his head with a smile, "There are no big plans to implement for the time being, and I just understood the basic process of listing in advance, prepared these materials in advance, and did not say that the group would be listed immediately." ”

The company's listing is such a big thing, how can Zhou Jingming say that the decision is decided.

"Then when do you plan to list Tianming Group?" Zhao Ke continued to ask. Since Zhou Jingming has begun to prepare these materials, it means that the day of listing is not far away.

"In another year or so, in 2002 at the latest, I will start the group's IPO plan. Zhou Jingming replied.

Turning Tianming Group into a public company will be the only way for the group to further develop and grow.

"Okay, then we'll get ready right away. Zhao Ke didn't continue to ask, but said.

After these jobs, He Yingxun and others did not continue to stay in Zhou Jingming's office, and left one after another, preparing to instruct the financial personnel of each subsidiary to prepare financial statements in accordance with Zhou Jingming's requirements.

Time passed day by day, although Zhou Jingming's grace time was until the end of this month, but He Yingxun and others, basically only took a week, Zhou Jingming's request for the report was handed over to the group's finance department, and the finance department began to prepare the consolidated financial statements of the entire group according to the financial statements of each subsidiary, and all the work was carried out in an orderly manner.

The time soon came to May 26, and the finance department also completed the preparation of the consolidated financial statements, and then Zhao Ke sent them to Zhou Jingming's office.

"Jingming, this is the consolidated financial statement you want, and these are the independent financial statements of each subsidiary, and this one is the sales forecast statement and cash flow statement of the sales company. Zhao Ke divided the document in his hand into three parts and placed them on Zhou Jingming's desk.

"Good work. After Zhou Jingming took the document, he began to read it seriously.

"Are you really planning to make Tianming Group go public in the next two years?" Zhao Ke asked.

"Hmm. But I still have to discuss the specific time with Lao Ma. Zhou Jingming nodded while looking at it.

About ten minutes later, Zhou Jingming put down the financial statements in his hand, and then connected Ma Xudong's office phone and asked him to go to his office.

Zhou Jingming wanted these reports, mainly so that Ma Xudong could analyze them well, and he just had a rough idea.

Soon, Ma Xudong came to Zhou Jingming's office.

"Chairman, do you have something to do with me?" Ma Xudong hurriedly asked after entering the door, "Mr. Zhao is also here." ”

"Here, sit, I'll talk to you about something. Zhou Jingming pointed to the position next to Zhao Ke and said with a smile.

"Let's take a look at these financial statements. After Ma Xudong sat down, Zhou Jingming handed the report on his desk to Ma Xudong.

"Financial statements, why is the chairman looking at these, it's not the end of the year yet. Ma Xudong took these financial statements curiously and said while looking at them.

"I want you to analyze the feasibility of our Tianming Group's listing, so I asked people to sort out the financial statements of all the subsidiaries of the group, you look at the data on these reports, when is the best time to go public?" Zhou Jingming replied.

"Listing?" Ma Xudong was shocked, "Chairman, it's going to be listed so soon!"

The listing of the group is a big event, Ma Xudong did not dare to slack off, and hurriedly looked at it seriously.

"You give me a rough answer first, and as for the detailed analysis of the contents of the report, you will not come up with any conclusions for a while, you can take these documents back and take a good look at them, and then give me a detailed report. Zhou Jingming said with a smile.

"Chairman, you just asked me about the feasibility of the group's listing, in fact, I think it can be listed at any time, because investors are interested in the future value of an enterprise, the market value of the company's stock price, and the present value of all future cash flows, I dare to guarantee that the outside world's valuation of our Tianming Group will definitely not be low, because we Tianming Group is the most potential automobile manufacturer in the entire international automobile industry!"

Ma Xudong replied seriously, it took more than ten years, and the annual global sales are about to enter the world's top five levels, coupled with the "four modernizations" development strategy clearly put forward by Tianming Group some time ago, which company's prospects can compare with Tianming Group?

"That being said, I want to be prepared, at least until we reach the top three in the world. Zhou Jingming continued.

"According to Xiao Xu, in two years at most, our sales will be able to enter the level of 6 million vehicles, and it is estimated that at that time, it will not be a problem to reach the top three in the world. Zhao Ke on the side replied.

"In other words, we will arrange the entire listing of the group between 2002 and 2003?" Ma Xudong pondered.

"There is no problem with the timing of the listing, as for whether it is listed as a whole, do you have any ideas, Lao Ma?" Zhou Jingming suddenly said.

"Does the chairman mean that he wants to be spun off and listed?" Ma Xudong frowned, feeling that Zhou Jingming's idea coincided with his own.

A spin-off is a way in which a parent company legally and organizationally separates the operations of a subsidiary from the operations of the parent company by distributing its shares in the subsidiary to the shareholders of the existing parent company on a pro rata basis.

The opposite of spin-off listing is the overall listing. Zhou Jingming's original idea was to let Tianming Group go public as a whole, but the situation at that time was that Tianming Group's business scope was all focused on manufacturing and production, and did not involve the rest of the business.

But now it's different, in addition to a few productive subsidiaries, Tianming Group also has two service-oriented enterprises, auto finance and sales companies, and these two companies are bundled with other companies, and if they are listed as a whole, Zhou Jingming feels that it is not appropriate.

"Yes, my idea is to spin off the auto finance company from the group and go public separately, the sales company will also be spun off from the group, but not listed, and the remaining subsidiaries will be reorganized and listed in a unified manner, what do you think?"

Zhou Jingming asked with interest.

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