Text Chapter 180 Attracting the Golden Phoenix (II)
Back in Jiangcheng, Zhang Mingyu received a call from Brother Wang Song.
"Brother Mingyu, Brother Songzi did not witness the listing of Yuhong Company this time, but I witnessed the listing of our Xiangjiu Company in Xiangjiu.
"Brother Songzi, I know, I'm used to drinking coffee and smoking cigars, and now I ask you to drink boiled water and smoke, and you don't fit in. We're not reluctant, how about it, Xiangjiu's stock is good, right? ”
Zhang Mingyu teased.
"The performance is very good, now it is fifty Hong Kong dollars, and it is estimated that it will rise sharply, and your idea this time makes us Mr. Chen admire."
Wang Song said with a smile.
Zhongtuo Xiangjiu Company was originally a branch of Zhongtuo Company, and the listing of Xiangjiu this time was the result of Zhang Mingyu's suggestion to Chen Minjie.
On the one hand, let Zhongtuo expand the overseas market with the help of Xiangjiu, and on the other hand, it is in line with the ideas of the high-level, so that Zhongtuo has become the most influential international company in Xiangjiu under the State-owned Assets Supervision and Administration Commission, and has become an important pillar in the overseas information network.
The plane tree was planted, attracting the golden phoenix.
Zhongtuo wants to take advantage of the listing of Xiangjiu to make Zhongtuo more famous in overseas markets and let international investors have better cooperation opportunities.
As a result, as soon as Chen Minjie submitted an application, Xiangjiu Company was listed in Xiangjiu, and the senior management and the State-owned Assets Supervision and Administration Commission raised their hands in favor.
In fact, the listing of Hong Kong Kowloon, like Shanghai and Shenzhen in the mainland, has a strict access system, specifically, the conditions for entering the market are as follows:
The purpose of the home arena is multitude, including raising capital for larger, better-based companies with a track record of profitability.
Mainline business: There are no specific requirements, but in practice, the profitability of the mainline business must meet the minimum profit requirement.
Business track record and profit requirement: aggregate profit of HK$50 million in the first three years of listing (HK$20 million in the most recent year and the total for the previous two years).
Statement of Business Objectives: There is no such requirement but applicants are required to provide a summary statement of their future plans and prospects.
Minimum market capitalisation: Market capitalisation of HK$100 million at the time of listing.
Minimum public float: 25% (or 10% if the issuer's market exceeds HK$4 billion).
Management, Company Ownership: The three-year track record period must be operated under substantially the same management and ownership.
Restrictions on the sale of shares by major shareholders: Restricted.
Information disclosure: Twice-yearly financial reporting.
Underwriting arrangement: The public offer for subscription must be fully underwritten.
Number of shareholders: A minimum of 100 shareholders is required at the time of listing, and not less than three shareholders are required for every HK$1 million issue amount.
Zhongtuo Xiangjiu Company started as early as three years ago, has a very good performance, and has a wide range of business scope, involving industries such as real estate, material trade, import and export, machinery, pharmaceuticals and other fields.
"Brother Songzi, congratulations! Xiangjiu is an effective, large-capacity, all-round financing market, the so-called all-round, not only large enterprises can be listed in Xiangjiu, small and medium-sized enterprises can also be, not only state-owned, state-controlled enterprises can be listed, private enterprises can also. Zhang Mingyu said.
Xiangjiu has two different listing boards, the main board and the GEM, which are suitable for enterprises with different levels of development to be listed in Xiangjiu.
"Yes! Mr. Chen is completely convinced of you this time, to the listing of Xiangjiu, we Zhongtuo will really enter the international financing platform, which means that the refinancing of our Zhongtuo company can be smoother. Moreover, after listing, with the development of business, the refinancing ability of Hong Kong's securities market is very strong, and the market can flexibly meet the needs of enterprises. This also provides a good example for state-owned enterprises to be listed in Xiangjiu. ”
Wang Song said.
It is also strange that as soon as Zhongtuo Xiangjiu Company was listed, the iron ore production enterprises of Tuolian and Belix in Australia were busy extending an olive branch and constantly asking to expand the scale of supply.
Several international investment banks have also expressed their intention to give greater financing to Zhongtuo Xiangjiu Company.
"Yes, refinancing in Xiangjiu is usually carried out through placing, and listed companies can grasp the appropriate market timing according to their own needs; With the help of investment banks, you can generally raise the required funds in a short period of time to help your business grow. ”
Zhang Mingyu said confidently.
"The key is to promote the early internationalization of Zhongtuo company and enhance the competitiveness of our company.
Wang Song said.
In order to meet these requirements, mainland enterprises must reform their enterprise structure, change their operating mechanism, and adopt international standard financial and accounting systems, so as to bring them into line with international standards.
"Chairman Wang, as the chairman of Xiangjiu listed company, how do you feel at this moment?"
Zhang Mingyu joked.
"If you are on the edge of the abyss, if you are walking on thin ice, this time it has made your Yuhong company and your younger brothers and sisters, especially you, the upper lip and the lower lip are so good, let's let Mr. Chen make up his mind to hand over such a heavy burden to me, what about you, sit back and enjoy it, and easily make money, it is really unreasonable!"
Wang Song said with a smile.
Through equity transfer, Yuhong Materials Trading Co., Ltd. owns 20 million original shares of Zhongtuo Xiangjiu Company, and Wang Bingqian also replaced 2 million original shares.
Of course, Zhongtuo Company also owns almost 20 million original shares of Yuhong Huitian Technology Co., Ltd., which is also the investment and dividend income of Zhongtuo Company's investment in Lei Yu Automobile.
"Dear Chairman Wang, you only see us benefiting, you don't see how much risk and pressure I bring by fooling you Lao Chen, once you don't succeed, don't you Lao Chen want to hate me for the rest of your life?"
Zhang Mingyu said with a smile.
"But didn't we succeed? Mr. Chen once again reiterated that in the future, we will obey your words and not discount your conversation. ”
Wang Song said.
"So, I'm the income of my labor, and I should make money, right? Chairman Wang. ”
Zhang Mingyu said.
"Hmph, I'm so busy, it's all for you who don't work hard to make wedding clothes, brother, I'm wronged!"
"Pine nut baby, good, there are tears flowing out of me,"
Zhang Mingyu joked.
"Woo woo...... brother Mingyu, you have to avenge me,"
On the phone, Wang Song pretended to cry.
"Don't be sad baby pine nuts, don't be wronged, listen to Mr. Chen, you will soon enjoy the treatment of the main hall!"
Zhang Mingyu said.
As soon as Zhongtuo Xiangjiang Company was listed, Zhongtuo became famous, and the State-owned Assets Supervision and Administration Commission immediately announced on behalf of the senior management that Zhongtuo Company was a vice-ministerial-level unit, and Xiangjiu Company belonged to the department level.
Zhang Mingyu remembers that in his previous life, Zhongtuo Company was only upgraded to the deputy ministerial level in 2006, and Zhongtuo Xiangjiu Company was separated from Zhongtuo Company in 2009, and finally Zhongtuo Xiangjiu Company was also a deputy ministerial-level company, directly under the jurisdiction of the State-owned Assets Supervision and Administration Commission.
Zhang Mingyu went on to say,
"Brother Songzi, don't be sad, maybe in two years, you may be directly managed by the State-owned Assets Supervision and Administration Commission like Mr. Chen, and at that time, you won't be wronged anymore."
As soon as he heard this possibility, Wang Song immediately came to his senses and said excitedly,
"Mingyu, you are the roundworm in my heart, knowing my little Jiujiu, to be honest, I don't want gold, I don't want silver, I just want to be at a high level."
"Is it useful to have a false head? Brother Songzi, since you want to go further, I suggest that the top priority is to train the internal strength of Xiangjiu Company well, and when the time comes, you can wrestle with your head office and other deputy ministerial-level companies of the State-owned Assets Supervision and Administration Commission. ”
Zhang Mingyu said.
"Brother Mingyu, as soon as you say this, I will work hard, you have done a good job in this ideological work, let me suddenly open my mouth,"
Wang Song said with a smile.
"That's right, the core competitiveness is to do a good job in their own industry, and develop in several aspects in an all-round way."
Zhang Mingyu said.
"So businesses such as iron ore imports and machinery exports need to do better, right?"
"Yes, and since you are a listed company, you need to disclose the financial and operating status of the enterprise regularly in accordance with the requirements of the listing rules, and these information released to the market can not only enable international investors to increase their understanding of mainland enterprises, but also help to enhance the international visibility and reputation of mainland enterprises, creating favorable conditions for the development of enterprises."
Zhang Mingyu said.
"In that case, it will definitely help the company to introduce international strategic investors, promote the company's business to enter the international market, and our company's popularity and influence will be greater, haha, Mingyu, as soon as you fool, my ambition is already huge."
"Brother Songzi, it's not the abyss, it's become ambitious. With your plane tree, you don't have to worry about the golden phoenix to vote. Zhang Mingyu said.
"Yes! Brother Mingyu, I have now found the feeling of Yang Zirong outwitting Weihu Mountain. ”
Wang Song said with a smile.
"Pull it down! You are the diamond leopard in the story of the bandits in Oolong Mountain. ”
"We are Yang Zirong, listen, wear the forest sea, cross the snowfield, and be angry!"
Wang Song said, and sang the famous Peking Opera "Fighting the Tiger on the Mountain".