Chapter 409: Feiteng goes public
Feiteng Group has obtained the qualification to list on the Hong Kong Stock Exchange, and the date is set for January 11, which is Monday.
On January 5, Li Feiteng had to return to Yanjing, and he had to attend the last board meeting of the group before going public.
The main purpose of this meeting was to discuss the price and quantity of shares to be issued by the directional securities, as well as the public list of senior executives, the proportion of directors' shares, and the top 10 individual shareholders.
In the huge conference room, there are eight shareholders other than Li Feiteng, in addition to Ying Tiancheng, Liu Weimin, Gu Jun, and Yang Chen, who are the company's senior management, there is also Li Zekai, the son of the richest man, who represents Yingke Telecom.
In addition to the shareholding agents of Lenovo and Founder Group, the last shareholder is Heung Kong Telecom.
Li Feiteng swept over everyone, and he said: "The group issued 10% of the shares for the first time, a total of 10 million shares, and the issue price is set at more than 10 Hong Kong dollars. ”
"I think a one-time issuance of 20% is better, because the group is in dire need of capital expansion." Li Zekai said with a smile.
Ying Tiancheng turned around and chatted with Liu Weimin, Gu Jun, and Yang Chen, and he nodded to Li Feiteng.
Twenty percent? Li Feiteng squinted his eyes and thought about it, the group needs funds, but there are too many issues at one time, the price is too high, and it is difficult for the stock to grow rapidly, what he wants is to be able to obtain funds completely and steadily, not to be risky.
Moreover, Li Zekai's idea is obvious in his eyes, he wants to complete the task and leave without wanting to hold shares in Feiteng Group for a long time, because he has taken a fancy to other industries that are more profitable. I still think that Feiteng Group wants to transform into industrial real estate. Will it stand on Cheung Kong Industrial, right?
That's right. This is basically what Li Feiteng guessed, this Li Zekai is by no means an ordinary person, he helped complete the listing of Feiteng Group, and he is not necessarily kind enough to help Feiteng Technology Group move towards Feiteng Real Estate Group.
"Although the group needs funds, it doesn't need to recruit too much funds for the time being, anyway, the bank interest I get on the loan is ...... Not high. Li Feiteng had a sneer on his face, what he said was not high, in fact, Feiteng Group's loans in the past three years have enjoyed special interest-free support. In terms of paying taxes, I also started to pay half of the tax last year, and I used to enjoy tax exemption support.
After listening to Li Feiteng's words, Li Zekai's face was not very good, and the others thought about it a little, and they all nodded, thinking that what he said was good, issuing too many shares at one time, that is, dividing more shares in everyone's hands on average, and they were not in a hurry to sell stocks quickly to make money. is more interested in the terrifying profits of the Feiteng Group.
To put it bluntly, Feiteng Group is not listed. Most of the shareholders here have a nonchalant attitude, and some even don't want to go public.
For example, Yingtiancheng has a few people.
"This time, the four shareholders of Ying Tiancheng, Liu Weimin, Gu Jun and Yang Chen, with a total of 4.2% of the shares, will all be issued as shares, and you can choose to hold the shares or sell them to the group."
After hearing Li Feiteng really say this, Ying Tiancheng and several people sighed softly, but this is also inevitable, the first thing to weaken when the group goes public is the stocks in the hands of the management and minority shareholders, which is the foresight that the board of directors and founder of the group should have.
Just like the heroes of the empire in ancient times, when the empire was built, no emperor would continue to hold the heroes, because even if Yingtiancheng and a few people had merit, in order to ensure the long-term stability of the group, Li Feiteng had to do this thing.
After he finished saying this, he kept staring at Ying Tiancheng and the others, until they all nodded in agreement one by one, and then he felt comfortable.
This is also Li Feiteng's temptation of a few people, if they are unwilling, protest, will be ruthlessly driven away, after the group is listed, but it is really going to the business battlefield of cruel competition, the management has too much power, once there is a problem, it will be the destruction of the entire group.
Weakening the management and turning the top management into a professional is definitely beneficial to the long-term development of the group, at least Li Feiteng does not have to worry that the Feiteng Group will rise because of him, and then collapse because of them.
High-level professional managers, in the future, whoever does not do well will wait for the dismissal of the board of directors.
This time to be listed, Li Feiteng personally owns 39% of the group's shares, and his shares are not involved in the issuance of shares.
The second major shareholder is Li Zekai, who owns 30% of the shares, and has 4% of the shares after listing, that is, the 4 million shares issued, which belong to him.
The rest is the company's shares, Lenovo has a 2% stake, Founder has 2%, Heung Kong Telecom has 1.8%, and the management's 4.2% stake has become a stock.
Li Feiteng had already planned that Feiteng Group would issue up to 10% of its shares in the future, and it would not be issued.
The lack of money for listing is a negligible purpose, more for the brand influence after listing, and to promote the rapid development of the Internet industry.
Of course, Li Feiteng still has some selfish motives, that is, he wants to use the Feiteng Group to mobilize the confidence of the people of Xiangjiang, so as to directly realize the rise of a large number of blue-chip stocks in Xiangjiang held by him, and then return the real funds, instead of relying on the Feiteng Group to make money in the sluggish Xiangjiang stock market.
Naturally, he won't tell anyone about these ideas, because the next thing will catch many listed companies in Xiangjiang off guard, or have some headaches.
That is, Li Feiteng's national righteousness has ended, and he should withdraw some capital from the Xiangjiang stock market and do some things he needs to do.
After the meeting, Li Feiteng and Li Zekai took the same flight, returned to Xiangjiang, and handed over all the final documents needed for listing to the market management department of the Xiangjiang Stock Exchange.
There is no doubt that what awaits them is January 11, the opening sale of a new red chip stock with the code 06823.
10 million shares, the price per share was set at HK$10.2.
It is worth mentioning that the Hong Kong Monetary Authority originally wanted to include Feiteng Group in the blue-chip stocks, but unfortunately Li Feiteng refused.
Because the approach of the Hong Kong Monetary Authority is unreasonable in itself.
Blue chips are generally listed companies in Hong Kong, and the company's business is mainly in Hong Kong, while red chips were only defined in 1992, and they mainly belong to the Growth Enterprise Market.
This year, there are expected to be 12 red-chip listed companies, Feiteng Group, the market price is directly valued at 1.2 billion Hong Kong dollars, as for whether it can maintain a rise or fall after listing, it all depends on whether people have confidence in this company. (To be continued......)