"I'll try to answer your question, and if what I say is not in place, I also ask Mr. Liu and Mr. Wang to correct and supplement." Fu Junming said modestly, seeing Qi Tianxiang's slightly smiling expression, he still didn't dare to be overly reserved, and thought for a while before saying: "I don't know what kind of way you want to control Mr. Wang's Haohai Group, before explaining these problems, I will briefly introduce two concepts, one is stock acquisition, and the other is equity investment." ”

Fu Junming's expression gradually became more natural, looked at Qi Tianxiang and said seriously: "There are generally two ways to acquire stocks, one is to acquire in the primary and secondary markets in cash, and the other is to replace shares, that is, to complete the acquisition of the target company without using cash as a means. The acquirer replaces the shares of the target company with stock assets or newly issued shares, which is characterized by the fact that it does not need to pay a large amount of cash and does not affect the cash position of the acquiring company, and the shareholders of the target company do not lose their equity, but only transfer from the target company to the acquiring company, but usually, they lose control. Equity investment is usually an investment made for the purpose of holding a company's shares or investing in a company for a long time, in order to achieve the purpose of controlling the company. Equity investment usually has the characteristics of large investment, long investment period, high risk and can bring greater benefits to the enterprise. ”

After Fu Junming introduced these concepts, seeing that Qi Tianxiang was not tired, he gradually got to the point, and said slowly: "If there is no other purpose, or reason, just need to control a real estate company, or need stock market financing, Mr. Wang's Haohai Group is not the most ideal acquisition target." For these early listed veteran companies, the equity structure is relatively simple, due to policy and regulatory reasons in previous years, the proportion of corporate shares is still relatively strict, and the previous additional issuance is only in the secondary market distribution shares, the equity structure has not undergone major changes, and now the volume has been relatively large, and the cost performance is not very suitable. Not to mention the ST stocks on the main board, that is, the small and medium-sized board and the gem, there are many very small stocks with very small equity divisions, which do not require a lot of cash, and can be easily pocketed only if they are operated slightly. ”

"See! Xiaofu has made it clear that our Haohai is not so easy to start behind our backs, so let's think of another way! Hearing that Fu Junming led the topic to himself, Wang Baokun knew that Xiao Fu had the intention of asking him to relieve the siege, so he looked at Qi Tianxiang with a smile and said teasingly: "Xiao Fu is still young, I'm embarrassed to explain, in fact, our equity ratio and major shareholder status are still stable, not through cash acquisition in the secondary market, or through the replacement of equity to achieve a differentiated ratio, and then complete the capital game of snake swallowing elephants, it is also wishful thinking." ”

Qi Tianxiang looked at Wang Baokun, smiled quietly, picked up the wine glass and looked around at everyone, and said gently: "It's better to drink a bar!" Don't delay this. ”

Looking at Qi Tianxiang holding the glass, everyone picked up the wine glass and put down the wine glass, Qi Tianxiang's eyes turned to Li Zheng again, and asked casually: "What kind of plans do your management committee and Shuguang Factory have for listing and financing!" ”

"I don't have this plan yet, and I don't want to join in the fun." Li Zheng saw that Qi Tianxiang finally asked himself, so he answered slowly, in fact, Li Zheng has been pondering the reason why Qi Tianxiang temporarily recruited them, and now when he heard Qi Tianxiang directly mention the topic of listing, he knew that he must have any plans to cooperate, but he was unwilling to ask or answer directly, which would seem too eager and smart, which would cause Qi Tianxiang's unhappiness, so he said honestly: "When it was an honor to go public in the past, the situation of Shuguang Factory was declining, and it was not in the eyes of others, and then it was always struggling on the edge of life and death. There is no such opportunity. Now it's a little better, let's focus on watching some things in the industry, and don't go to join in the fun. In addition, the management committee has government functions and background, and it is not easy to pass the review of the listing now. ”

"See, this is a specific manifestation of ambition, not qualified to be listed, but found a reason to prevaricate based on the bank, it is completely dishonest, and it should be punished for drinking." Qi Tianxiang glared at Li Zheng, said to everyone with a smile, which aroused everyone's unanimous agreement, and after watching Li Zheng honestly punish himself with a glass of wine, he looked at Wang Dalong with a smile and said: "It's still Dalong, don't go around in circles, the reason why people don't go public is very simple, that is, they don't want to give the hard-earned profits to the shareholders they don't know, and would rather distribute them to all the villagers, or give profits to consumers." This is the simple concept, but also the attitude of doing business seriously. The profits of real enterprises are meager, it is easy to be bigger, but it is difficult to be stronger, so we should start from the foundation in a down-to-earth manner. ”

Qi Tianxiang spoke, picked up his wine glass, and said to Wang Dalong with a smile: "Just rush to this simplicity and persistence, we should also do this glass." ”

After a glass of wine, Qi Tianxiang picked up the chopsticks, picked up a little vegetable and chewed it slowly in his mouth, looked at Wang Dalong seriously, and then looked at Li Zheng, and waited until the food in his mouth was swallowed, and then slowly asked: "If it is me, or the provincial government, I want your two companies to go public, or make such preparations or attempts, what do you think?" ”

Before Li Zheng could answer, Wang Dalong stood up and said eagerly: "There are no two words, as long as it is your order, it is a matter of one sentence." ”

Qi Tianxiang smiled appreciatively, waved his hand to Wang Dalong and asked him to sit down, his focused eyes were still looking at Li Zheng, although he knew how he would answer, but he still had to hear his answer, not only he needed it, but everyone here needed such an answer.

Compared with Wang Dalong's straightforwardness, Li Zheng's answer is much more ingenious, "As long as it is necessary, whether it is listing or equity operation, we are always ready, and the engine R&D and production technology of Shuguang Plant still has certain advantages and attractiveness, and there is no problem." ”

"Well, there is no need to say that it is so swearing, it has not reached any point yet." Qi Tianxiang glanced at Li Zheng with a smile, looked around at everyone and said: "Today is a small talk, when it comes to the topic of stocks and listings, let's talk about it, we won't talk about it anymore." ”

As Qi Tianxiang spoke, his eyes met Wang Baokun's, and he smiled meaningfully, as if he had more confidence and confidence, but it was difficult to express it for a while.