Chapter 44: Old Friends Gathered
With the development of Jiangnan Group, all kinds of capital that want to invest in the company have also come to the door, and they are optimistic about the future development of Jiangnan Group. Pen @ fun @ pavilion wWw. ļ½ļ½ļ½Uļ½Eć ļ½ļ½ļ½ļ½
The real estate industry is a capital-intensive industry, so capital operation is a topic that Qin Ran can't get around. Although the company can solve the capital problem to a certain extent by issuing bonds, looking for trust funds, and through private lending, the most mainstream insurance channel is to seek listing. If it can be successfully listed, then it can obtain a steady stream of financing through IPO, allotment, additional issuance, issuance of convertible bonds, etc., and Qin Ran, as the company's major shareholder, can also mortgage and sell his shares to realize asset cash. With money, we can go to all parts of the country to auction land for expansion, and there is still more than a year before the implementation of the national unified bidding, auction and listing system.
In fact, Jiangnan Group has been negotiating relevant matters with some investment institutions, including SoftBank Group, but it has not reached an agreement on valuation, and Qin Ran is not willing to sell too many shares.
In Qin Ran's plan, Jiangnan Real Estate, as a high-quality asset, will be listed first, and the location will be selected on the Hong Kong Stock Exchange. Secondly, Jiangnan Commercial seeks to list on the domestic A-share market, and the high-valuation stock price in China is more beneficial to the company, but the road to listing will be more complicated. After that, the three branches of Jiangnan Hotel Tourism (hereinafter referred to as Jiangnan Hotel Tourism), Jiangnan Pictures and Jiangnan Property will also be split and listed independently, forming a large group with five listed companies.
Nowadays, among the five major listed companies in the future, only Jiangnan Real Estate has begun to become large-scale, and it has been developing rapidly for many years since its first year of establishment. With the completion of the first Jiangnan Plaza and the acquisition of the landmark project of Tianjing Twin Towers, Jiangnan Commercial has passed its infancy, but it has not yet formed a scale and will take three years to build. As for Jiangnan Wine and Tourism, Jiangnan Pictures, and Jiangnan Property, they must rely on the expansion of Jiangnan Real Estate and Jiangnan Business to further grow, and they are now in the embryonic stage.
In 2001, with the development of Jiangnan real estate in Jiangsu, Zhejiang, southern Jiangsu, Hudong, Tianjing, eastern Guangdong and northern Hubei provinces, the preliminary statistical sales are expected to exceed 6.5 billion, which has exceeded the record of 6 billion yuan in Wanjian real estate last year. The purpose of Jiangnan Real Estate is to have high turnover and high decentralization, and others have developed two or three of the real estate projects, and the funds have been circulated several times. Even if a single property earns less than those developers who hoard land, in terms of time period, the same capital output Jiangnan real estate is more profitable, and the scale of the company becomes stronger and stronger in the roll, until those regional companies that are not enterprising are left far behind.
Jiangcheng Group, which had competed with Jiangnan Real Estate in Jiangzhou, was still nested in Jiangzhou-based Jiangsu and Zhejiang provinces under the steady and conservative management of Chairman Tang Zhongtian.
In the future, under the unified standard of national bidding and bidding, real estate developers with abundant funds and strong scale will expand more domestically, and the big fish will eat the small fish, the fast fish will eat the slow fish, and the regional developers will face the consequences of being swallowed up. The most important thing in developing real estate is to get land, and if you can't get the land with financial resources, it will become a source of water and fall into bankruptcy.
The public sale of land bidding, auction and listing is to open the door to the original regional separation, and powerful developers will compete with each other across the country to form a monopoly giant in the true sense.
Knowing that Jiangnan Group will first push Jiangnan Real Estate to be listed, and the time is set for 2003 to be listed in Hong Kong, the capital who intends to invest feels that there is a lot to do. Half a year ago, the valuation of Jiangnan Real Estate was still about 10 billion, and with the release of the annual report, it was learned that the sales had exceeded 6.5 billion, the profit reached 1.5 billion, and the valuation of the company by the capitals increased to 25 billion. Because you look at today's performance and invest in tomorrow's miracle, the high growth rate of Jiangnan Real Estate has achieved the first place in the country. Qin Ran's shareholding ratio that Qin Ran intends to open to strategic investors is 20%, which is just a Jiangnan Real Estate company, not Jiangnan Group.
In order to be successfully listed on the Hong Kong Stock Exchange in 2003, under the recommendation of Sun Jingui, Jiangnan Real Estate hired an underwriting team composed of Goldman Sachs, UBS and Bank of China International to be responsible for the IPO. Yes, there is no backdoor, Jiangnan Real Estate will be listed on the Hong Kong Stock Exchange in a dignified manner.
To be listed, it is necessary for the company to have clear equity, standardized management, and meet the listing standards of the Hong Kong Stock Exchange, and the introduction of strategic investors has also become an inevitable choice.
Feng Shao's follower Yan Xuwei directly contacted Li Desheng and revealed his willingness to strategically invest in Jiangnan Group. The valuation of the other party is really amazing, their valuation of the entire Jiangnan Group is 12 billion, and they require 10% of the shares.
couldn't talk about it, Qin Ran directly asked Li Desheng to reject the other party, and he didn't want to have anything to do with Feng Shao with this red background.
Later, Feng Shao said that he planned to talk to the boss Qin Ran in person, to reminisce about the old days, and the business was not lovely.
This time, it was his turn to take the initiative to come to the headquarters building of Jiangnan Group in Jiangzhou, and to a certain extent, he avenged Qin Ran's visit to the door last time.
Feng Shao, with Yan Xuwei and a secretary, appeared downstairs in a Bentley stretch car.
Qin Ran's office is very simple, except for the desk, which is the sofa for guests, there is no other thing to decorate his identity. Many people like to fill the office with celebrity calligraphy and paintings, various photos with leaders, souvenirs and victories, etc., in order to highlight their personality and set off their successful identity. In Qin Ran's place, except for two large pots of green plants, there are no other furnishings in the office.
It has been more than 3 years since they last met, and both of them have grown in their own ways, and the assets behind them have also risen in a straight line, and they are much more sophisticated in speaking and doing things.
After the greetings, Feng Shao and Qin Ran were left in the office, and they could frankly disclose their views.
"Do you know what is decisive in this land?"
Feng Shao spoke, but Qin Ran didn't answer.
"Power!"
Spreading his hands, Feng Shao said the answer.
"Power is at the top of the pyramid in the structure of the whole society, not only in China, but everywhere in the world. Even the United States, which keeps shouting about democracy, maintains the operation of the entire empire through layers of designed power. You and I both hold power. Your power is confined to this building, and I can step out of here and go straight up. ā
Pointing his finger, Feng Shao hinted that his own power could reach the sky.
"Capital can affect power to a certain extent, but power can always determine the life and death of capital."
As soon as he finished speaking, Feng Shao stopped speaking and left it to Qin Ran to think deeply.
"I'm a businessman, and I read history once in a while. In the history books, many people close to the center of power often think that they have the huge power of the entire country, such as the eunuchs in the palace, the emperor's relatives, and the ministers who care for their lives. What's more, even the emperor has to declare that he is the chosen one and wants to manage this land for God. Because, there is still a kind of person in this land, who shouted out that the prince will have a kind of Xiangning. Everything must be reasonable, and if the emperor is unreasonable, don't blame the common people for having a kind of care. ā
After thinking for a while, Qin Ran also said something that made Feng Shao think deeply.
"Talking with you, like a spring breeze, no wonder Jiangnan Group can achieve such a scale. What if I insist on taking a stake? ā
As soon as the voice changed, Feng Shaozozole asked forcefully.
"In business, it's not me asking you to buy shares now, but you take the initiative to come to the door in turn. My request is very simple, everything is done according to the rules of business, and you can do the same to other investors, and it depends on what special conditions you can give me. ā
Jiangnan Group has now developed to a certain scale, Qin Ran is not afraid of what Feng Shao can do, at most it will only bring some troubles that are not painful or itchy. His biggest loophole, Li Ruixian has plugged it for him in advance. No tax evasion, honest management, and maintain a good relationship with the government, Jiangnan Group is not afraid of the threat of external factors.
The last time he bowed his head to Li Ruixian, in addition to the weakness of the other party's dual identity holding him, another big reason was that he thought that this was also a way to properly handle the relationship with Ye Linghan.
"Your Jiangnan Group is in this land, even if there is no me, other people like me will come to the door, because your company is so tempting, everyone can see the benefits. Do you think that you, a foreign investor, can settle the complicated relationship in this country and swallow such a big pot of meat alone? Fat sheep without background support will sooner or later be eaten by red-eyed hungry wolves. ā
Qin Ran had to admit that what the other party said also made some sense, but he didn't intend to compromise.
"Whether it's a matter of background, or life or death, I'm not really worried. Friends come with wine, enemies come with shotguns, the lyrics seem like I heard them at your residence when I last visited you. What's more, who stipulates that a sheep that is in a hurry cannot bite a wolf to death, but the evolution of species has not stopped since hundreds of millions of years ago. ā
"I find that I appreciate you more and more, very different from those straw bale cowards. Since you ask me what I can bring you, I'll just say it bluntly, opening up the A-share listing channel can allow your company to be listed in China. ā
The hard Qin Ran didn't eat it, and Feng Shao then threw out the soft side, which was able to get the approval of the domestic listing. Real estate companies have been suspended from listing in China for many years, and now looking at Feng Shao's confident attitude is not like bragging.
Domestic listing has a certain attraction to Qin Ran, but it does not have to be listed in China, after all, there are many overseas financing channels such as Hong Kong. Jiangnan Real Estate has started the listing process on the Hong Kong Stock Exchange, and it is impossible to transfer back to China.
It seems that you still don't understand the current process of our company, Qin Ran told the other party that Jiangnan Real Estate has launched a plan to go public in Hong Kong, and domestic A shares are no longer too attractive to him. However, Jiangnan Commercial intends to log in on the A-share market in the future, but the time will be delayed for a long time.
If Feng Shao really intends to invest in Jiangnan Real Estate, then like other capital, he can talk about it at the market price first If the conditions are right, Qin Ran will not refuse the other party.
I hope that there will be opportunities for cooperation in the future, and Feng Shao led his subordinates to leave Jiangnan Group.
Knowing that the talks between the two sides had collapsed and no agreement had been reached, Li Desheng was a little worried that Feng Shao, who had a good background, would secretly do something bad behind his back. Qin Ran was not worried, because Feng Shao seemed to be a very conceited and proud person, and before he left, he said that he and Qin Ran still had affection, and he was looking forward to the next opportunity to cooperate, so he would not make small moves behind his back.
If there is really anything, then see the move, China is so big, even Feng Shao can't cover the sky with one hand. (To be continued.) )