Chapter 55 Domestic Listing
When the police arrest a suspect who has escaped by impersonation, they always like to shout the real name of the other party behind their backs by surprise, and people will respond in the affirmative without thinking in their knee-jerk reactions. Pen | fun | pavilion www. biquge。 info
"Qin Ran!"
When this salutation sounded behind him, Qin Ran was startled, but he didn't respond to the other party, just stood stiff and didn't move.
Wang Yaxuan is now in Tianjing, and it is impossible for her to appear in Hudong, so Qin Ran will not respond to the other party, because only Wang Yaxuan knows that she is still alive in the world.
Looking back slowly, Qin Ran saw Xiao Jianing squinting and observing his reaction.
With a smile on his face, Qin Ran lowered his voice and said.
"I'm sorry, big star, you recognized the wrong person."
After speaking, without waiting for Xiao Jianing to explain, Qin Ran hurriedly left and hurried back to the conference room, he didn't expect that he would almost be recognized by Xiao Jianing about his true identity.
Qin Ran has disappeared, this is a problem that has been completely solved from the legal point of view, the police have certified the body through DNA comparison, as long as he does not admit it himself, no one in the world can be sure that Qin Fusheng is Qin Ran.
Xiao Jianing, who was in place with a stomach full of doubts, carefully recalled the other party's reaction when he called out Qin Ran's name, he was obviously stunned for a moment, but did not respond out loud. This one was stunned for a moment, it may be the consequence of being frightened by himself, or it may be a stiff reaction after being recognized.
Looking back carefully on the private conversation with himself just now, it seems that his voice has changed, which is different from what he listened to in the conference room, and he always feels like it, should this Qin Fusheng have any relationship with Qin Ran!
Xiao Jianing came up with a new conjecture in her mind.
I always felt that something was wrong, but Xiao Jianing just couldn't say it.
was suspected by Xiao Jianing, Qin Ran felt that she should try to avoid her whereabouts in the future, this female star's skills are obviously much higher now, and she almost cheated herself out. The matter of fake death is too involved, of course Qin Ran doesn't want others to know, even Wang Yaxuan was told to her after thinking about it for a long time.
Qin Ran admired Xiao Jianing a lot, she was able to find herself out after so many clues, and dared to take action to verify the inference.
After Xiao Jianing came back, she continued to look at Qin Ran from a distance, still feeling that he was very similar to the Qin Ran she knew, but she never had a chance to come forward to verify it, because Qin Ran left the scene first after the signing was over.
After the IPO of Jiangnan Real Estate, it finally began to issue additional placement funds on the stock market, announcing that it would issue no more than 561 million shares to no more than 10 specific targets at a reserve price of 28.1 yuan per share, and the amount of funds raised would not exceed 15.764 billion yuan. 80% of the funds raised will be used for 22 projects in the 10 new cities, and it is estimated that the above projects can achieve sales revenue of 27.42 billion yuan and total profits of 6.63 billion yuan. The remaining 20% of the funds will be used to repay bank loans as they mature.
With stock market financing channels and stable bank loans, Qin Ran no longer deals with downstream capital in Jiangsu and Zhejiang, and Lu Youcai and others have also obtained enough stable benefits in the rapid development of Jiangnan Group over the years. With the development of the economy, the booming small and medium-sized enterprises in Jiangsu and Zhejiang gave higher interest rates, and Lu Youcai also turned their goals to the higher profit side, and they did not look down on the low interest rate standards required by Jiangnan Group, so the two sides ended their cooperation and broke up amicably.
Qin Ran thanked these downstream investors, claiming that the shadow bank provided him with help, without which Jiangnan Group would not have had a high starting point from the beginning. But as the scale of both parties expanded, they each found a new partner, and an amicable breakup was the best outcome.
The financing strategy set at the beginning is to walk on two legs, Jiangnan Real Estate is listed in Hong Kong stocks, Jiangnan Commercial is listed in the mainland, and now half of the goal has been achieved, but on the other hand, it is somewhat difficult for Jiangnan Commercial to be listed in China.
Domestic listing is an approval system, there are a large number of companies waiting in line for listing, and there is a requirement that the enterprise has made a profit for three consecutive years, in addition to the company structure and the nationality of shareholders.
Jiangnan Commercial is a foreign-funded enterprise, and it is also a VIE structure controlled by an offshore company, and the domestic regulatory authorities cannot effectively supervise the companies with a VIE structure, so in order to be listed, the VIE structure must be dismantled and the corporate structure must be re-established to meet the requirements of the domestic regulatory authorities.
In addition, as a major shareholder, Qin Fusheng is a foreigner, and his status is relatively special, although the main market behavior of Jiangnan business is in China, it is very difficult to go through the approval of relevant departments. For a foreign-funded enterprise to be listed in China, it will take at least one or two years for the provincial government, the Ministry of Commerce, the China Securities Regulatory Commission, and the State Administration of Foreign Exchange to go down the whole way, and it will take at least one or two years to get the official seal. Because there is no precedent for a successful listing of foreign-funded enterprises, it may not be successful to spend a lot of time and manpower.
Why not continue to list on the Hong Kong stock market?
Don't put all your eggs in one basket, Hong Kong stocks have a high degree of internationalization, but if two major companies are put together, it is easy to fight and cannot spread the risk. If you go public in the United States, you will prefer high-tech companies and undervalue traditional real estate companies. If it is listed in Singapore, the market capacity is too small and the influence is not great.
Try to strive for listing in China, but if you can't transfer to Hong Kong stocks, Qin Ran made up his mind.
"Our market is in China, our customers are in China, and our partners are also in China, so if I have a choice, I hope that Jiangnan Commercial can be listed in China, so that our investors and shareholders will also be Chinese, and everyone will share the dividends of China's economic development and reform and opening up."
Qin Ran had to start public relations in front of the mass media and government departments, and he released Jiangnan Commercial's strong desire to go public in China.
Of course, judging from the political trend at this time, after the new premier took office, he repeatedly emphasized on different occasions that it is necessary to continue to deepen the pace of reform and opening up, eliminate institutional barriers and release reform dividends to the greatest extent, use market means to rationally adjust resources, and allow foreign-funded enterprises to list on domestic A-shares and H-shares is a major hot topic of discussion.
The Ministry of Foreign Trade and Economic Cooperation first stated that China encourages foreign-funded companies to list on the domestic stock market for financing, and to follow the requirements of world economic and trade integration. In their public speeches, officials from the China Securities Regulatory Commission (CSRC) also said that they should encourage overseas listed companies to list in China, allow Sino-foreign joint ventures to list in China, and open up domestic stock investment channels to foreign investors on a pilot basis, so as to improve the internationalization of China's capital market. The Ministry of Commerce (MOFCOM) has stated that it agrees in principle with the listing of foreign-funded and Sino-foreign joint ventures in China, but has proposed many restrictions, including that the foreign party must be an internationally renowned enterprise, must comply with industrial policies, and have considerable scale and economic benefits. Provincial and local governments are strongly supportive, after all, listed companies can bring more economic benefits to the local area.
A large number of scholars have also taken the opportunity to call for changing the positioning of the stock market as financing state-owned enterprises to extricate themselves from difficulties, and to cultivate a number of listed companies with excellent performance and strong market competitiveness, so as to promote industrial upgrading. At the same time, the stock market has also changed from a single fund-raising function to a natural function of the market economy of risk positioning and optimization of resource allocation. The introduction of foreign-funded blue-chip stocks can play a catfish effect, produce a positive effect of survival of the fittest, and break the dilemma that the current listed companies are not enterprising and shareholders cannot obtain reasonable returns.
With these blows, China's securities market, which has always been closed off from the rest of the world, seems to have loosened a little, and the information revealed through the cracks in the door is that foreign-backed enterprises have the opportunity to list in China.
Under the coordination of the premier, the relevant central departments jointly issued the "Several Opinions on Issues Concerning Foreign-Invested Listed Companies", "Regulations on Mergers and Acquisitions by Foreign Investment", "Rules for the Establishment of Funds for the Management of Foreign Equity Participation", and "Special Provisions on the Format and Content of the Prospectus of Foreign-invested Companies Limited by Shares", which legally removed the obstacles to the listing of foreign-funded enterprises in China.
Although the legal provisions have been promulgated, the joint approval of various departments is still required to be listed. Allow you to have the opportunity to go public, if the conditions are met, you still have to go through my approval, and you can only go public if you agree, and if you don't agree, you will always wait in line. The root of the stock market is still the approval system, and compared with the foreign registration system, the power of the administrative department determines whether the enterprise can be listed in the court.
All of a sudden, Jiangnan Business seems to have become a litmus test for foreign-funded enterprises to ask for directions, and people are speculating whether it will become the first foreign-funded company to be listed in China.
After contacting the relevant departments, Sun Jingui found that the domestic department is still very strict in the control of the capital market, especially in the design of foreign foreign exchange, Jiangnan Commercial's shareholder background has many foreign institutional investors, and the founder is also a major shareholder of foreign overseas Chinese, so it is basically impossible to IPO in China. Another way is to go public through backdoor listing, acquiring shell resources and then replacing assets into listed companies, which may work.
There is no need to think about the first share of foreign IPO, but the first share of foreign listing can still be grabbed.
After listening to the report of CFO Sun Jingui, who was in charge of the listing matters, Qin Ran decided to accept his opinion and go public in China by backdoor, which is estimated to take a lot of time, and it is initially expected that the intention of listing will be realized in 2006.
Feng Shao came to the door again and learned that Jiangnan Business wanted to go public in China through a backdoor listing, so he came with sincerity this time. Nearly two years have passed since the last time they met, and compared with Qin Ran's rocket-like wealth, Feng Shao is a little less stylish.
Qin Ran is already known as the richest man in the mainland, and Feng Shao is still standing behind the shady curtain as his wealth investor, and the actual net worth between the two is also very different, Qin Ran is calculated in tens of billions, while Feng Shao is calculated in billions. Over the years, Feng Shao has made a lot of money, but he has also spent a lot of money, especially to share the profits with many partners. If you rely on hard work, Feng Shaoke is much easier than Qin Ran, he only needs to make a phone call to easily enter tens of millions of dollars.
Jiangnan Commercial wants to be listed in China, and it is naturally targeted by many well-intentioned people, and everyone knows that once the listing is successful, it will be a wholesale machine for mass production of rich people.
Feng Shao brought a perfect shell resource, this company he has completely controlled, Jiangnan Business only needs to merge and acquire it, and it can be listed on the domestic A-share market with the help of shell resources. The price offered by Feng Shao for this shell resource is not expensive, only 20% higher than the market price, and such a premium is acceptable to Qin Ran. Another condition is that Qin Ran will take out 5% of the shares of Jiangnan Commercial, allow him to invest in the company's strategic shares, and he will be willing to pay as much as the market price is.
Compared with the previous Zozole compulsive posture, Feng Shao now talked to Qin Ran, at least putting him in an equal position, and no longer had a domineering attitude.
Jiangnan Group now has a lot of capital and powerful people standing behind it, and Qin Ran has quietly grown into a very powerful commercial force in China, and is no longer an ant who is arbitrarily manipulated by others.
Fully compliant, the steps given by Feng Shao are completely market-oriented and formalized, and if Jiangnan Commercial is listed in this way, there will be no legal trouble.
Originally, Feng Shao would only rely on relationships to open the way, Qin Ran was afraid that he would be liquidated sooner or later if he got involved with such a person, but now looking at the cooperation plan he proposed, he considered all aspects.
5% of the strategic shares can call the green light on the road to listing, and Qin Ran will not lose the bid at the market price.
According to Feng Shao's disclosure, there are many secrets hidden in the shell resource company and 5% of the strategic shares, and many people have already lurked in it, as long as Jiangnan Commercial is listed in full accordance with market-oriented operations, they will be able to free ride and have a lot of wealth.
Who the hell are they?
The huge energy aggregate was enough for Qin Ran to associate with Pian, but he didn't want to know.
According to the rules of the market, Qin Ran accepted Feng Shao's 5% strategic investment, and he completely referred to the market valuation to subscribe, because there were too many investors who came to the door. Feng Shao was right about one thing, if he refused, there would be other people flocking to him, and those as strong as Qin Ran couldn't resist all kinds of people independently. Absorb some hungry wolves to form a protective layer, use wolves to control wolves, and let them bite inside.
Politics is the art of compromise, and economics is not exempt.
Knowing that Qin Ran was in Tianjing, Li Ruixian asked him to stay for one more day, and he flew back to the capital at night to discuss with Qin Ran tomorrow.
Li Zhiguo is now in the high position of secretary of the Hudong Municipal Party Committee, and if nothing else, he will be transferred to the Central Committee in a few years and officially enter the bureau, becoming one of the next generation of national leaders. Li Ruixian has kept a lot of low profile so far, and in officialdom, he understands the importance of trying not to bring right and wrong to his father. In terms of money, the Li family is not short of money, and the normal wage income subsidy is enough for daily expenses, not to mention that the state basically covers the benefits of food, clothing, housing and transportation, and they don't need to give people a handle. Power is what their Li family values, and maintaining the influence of the family, especially keeping the country unchanged is the historical mission of their red descendants.
Passing through the window together, carrying guns together, and sharing the spoils together, it is used as a metaphor for the relationship to be iron enough. Qin Ran felt that there was also such an inexplicable relationship between him and Li Ruixian, perhaps because he had the secret of planning a fake death together, and the two of them had more trust than others. Or maybe they are sympathetic to each other, and the two feel that the other party is a friend in their relationship.
Being forced to fake his death at the beginning was not a relief for Qin Ran, so he had already let go of Li Ruixian. Li Ruixian is a good talker, when the Wang family was in a deep crisis of trust, Qin Ran asked him to help repay the favor, and he was very clean and helped to get it done. Coming and going, not friends, better than partners, the two maintain a strange relationship.
Li Ruixian was also promoted, taking over the post of secretary from the county magistrate, and officially became the speaker of the grassroots party. From the Tianjing airborne place, he started as the deputy township head, and spent 7 years sitting in the position of the county magistrate, experiencing the ups and downs of China's most grassroots political power. In his capacity, he only needs to take a temporary post in a central department, and he is directly delegated to the treatment of deputy county magistrates at the deputy department level, and now the seven-year process can be shortened by 1/3 of the time. But Li Ruixian did not choose to do so, he wanted to see the real side of the country.
The foundation must be solid, I don't know how the people's suffering can command the world, my grandfather and father both supported him to start from the grassroots level and complete his career resume.
The next day, Qin Ran came to a teahouse according to the address, and saw Li Ruixian sitting in a precarious position, and didn't know what he was anxious to find himself. (To be continued.) )