Chen Zier's side.

Lee Jong-hong answered his question: "The SEC offers a variety of exit mechanisms, and private equity investors can choose any one. In the business world, buying and selling are normal behaviors. If Mr. Chen wants to exit, he can choose to sell his shares at the time of the IPO, as long as they are registered with the CSRC and written into the prospectus together with the company's issued shares. ”

"I don't choose to sell at the time of the IPO unless it is necessary, I mean after the listing," Chan corrected. ”

"Of course you can. Li Zhonghong slowly answered, "Generally speaking, because when selling shares at the time of IPO, the underwriters will require you to sign some agreements, make corresponding commitments, guarantees, and even some compensatory terms, so more private equity investors usually consider the exit mechanism after the company goes public." ”

Chen Zier squinted his eyes and looked at the middle-aged man opposite, and thought in his heart: Simple question, he went around in a big circle, probably guessing that he didn't know much about the rules of the Securities and Exchange Commission, and had the intention of deliberately 'showing off his professionalism', but he couldn't be sure, was this simply to satisfy vanity or to say that there was another purpose?

Li Zhonghong controlled the rhythm, "Generally speaking, there are three ways to sell the company's shares after the company is listed, the first is what we just discussed, exercise your registration rights, register with the Securities and Exchange Commission, and sign an underwriting agreement with the underwriters, and then you can sell it publicly, but the number of times the registration right can be used is limited, and there are corresponding regulations on the time and the amount of shares that can be sold each time. ”

"The second is a private sale, simply put, it is to transfer your shares to a buyer who is considered a qualified institution by the CSRC, of course, there are relevant provisions on which companies or institutions are qualified buyers and which are unqualified, which are the same as Article 1, and it is not clear in two words. ”

"The third way is a public sale without registration with the SEC, Mr. Chen is interested in studying the Rule 144 promulgated in 90, which is mainly aimed at restricted securities, that is, securities purchased indirectly or directly in the form of a non-public offering, which also involves related parties and non-related parties......"

Li Zhonghong smiled apologetically, "Please forgive Mr. Chen......"

Chen Zier raised his eyelids and glanced at him, each of them wanted to say three words, couldn't he say clearly?

"I do not influence or control the management or business policies of China.com, and I am an unrelated party. ”

He is not mentally retarded, and when he usually reads it, he can't understand the sentences mixed with too technical terms, but these concepts can still be unclear?

Of course, Chen Zier doesn't blame him for being unclear, it's really complicated, and people are not obliged to answer their questions, but there is one thing he understands.

Chen Zier crossed Erlang's legs, crossed his hands on his legs, and said thoughtfully: "According to what Mr. Li said, if I want to sell my own stocks, it is really not a matter of selling them. ”

Li Zhonghong smiled and waved his hand, "The China Securities Regulatory Commission has given a lot of complicated and difficult rules from a regulatory point of view, but normal trading transactions cannot be said to be difficult, not to mention that since Mr. Chen is a non-related party, there is no 144 rule like yours can be sold publicly without registration." But you don't have to experience it to understand it, it's just what you say...... Too many rules and jargon will always make your understanding not quite close to the facts. ”

Of course, there is a better way, that is, as the saying goes, professional things are left to professional people.

"Thank you for your answer, this is the first time I have heard such a professional answer, Mr. Li's professional strength is admirable. ”

Li Zhonghong said modestly: "It's just memorizing some industry regulations, it's nothing, by the way, I have always forgotten to explain to Mr. Chen, my own job is the Executive-Director of Goldman Sachs China." ”

He handed over his business card with both hands, "Goldman Sachs has always been committed to serving the world's wealthy, and I came to China Shipping this time with the attitude of serving others. ”

In the past year, Chen Zier is no longer a novice who doesn't understand these at all, Li Zhonghong's position translates to executive director, which sounds very high, but in Goldman Sachs, which has thousands of VPs (vice presidents), the job title sounds very bluffing, in fact, VP in Goldman Sachs is equivalent to the section chief of our party.

Li Zhonghong's position is a little higher than that of VP, and he is probably a middle-level manager of a company, which is not a high-ranking manager who is highly respected and controls a party, but considering his skin color, it is not easy for him to do this.

Out of politeness, Chen Zier also gave him his own business card, and in his heart, he was slightly proud of his initiative just now.

Can you be considered to have entered the ranks of the world's richest people?

Yes, if you want to sell your shares, you also need to choose an underwriter, just like when the company goes public, negotiate the details and sign the underwriting agreement, and they will naturally be profitable here.

As soon as his question came out, he was a customer on the bright side for Lee Jong-hong, maybe his show just now was also to win customers.

Chen Zier also said directly: "If there is a demand, I will naturally not be polite to Mr. Li at that time." ”

Li Zhonghong interrupted him: "You can call me Zhonghong directly, or peter." ”

"Then you're welcome, but I've hardly lived abroad, and I'm not used to calling me by an English name. ”

"Oh, that's okay. Li Zhonghong said casually, in fact, he had the heart to ask Chen Zier how much equity he had, but this was a bit too probing of others.

For Chen Zier, as a private equity investor, he can reveal his idea of wanting to cash out, because everyone does this, but the specific amount of cash out, this business detail cannot be said.

Li Zhonghong finally managed his curiosity, after all, it was only the first time they met, so they exchanged some words that didn't hurt or itch, and it was almost over.

After returning to the hotel, Li Zhonghong began to investigate everything about China.com, I don't know if I don't investigate, I was shocked when I saw it, China.com is simply from a wealthy family compared to those various turtle websites, this is a comprehensive Internet company that spans the two sides of the Taiwan Strait and three places, integrating portal websites, consulting services and online advertising services, and I don't know how high it is compared to some small websites!

Li Zhonghong's judgment on Chen Zier changes three times a day, and now that the Internet is hot in the capital market, Chen Zier will definitely not be the chairman of a small convenience store in the future.

Not to mention his personal experience, even he, an outsider, is a little excited when he looks at it from the side, and everyone has to fight for himself, that's for sure, now Li Zhonghong has determined... The rich will be here, and the future will be wonderful......