Zhang Ziyang was on the other end of the phone, and said with some unfinished words, "Brother Xia, is this the end?" I haven't even watched this drama yet! ”

Xia Yunyin hung up the phone with a smile and looked at Li Chenggang.

Li Chenggang also took out his mobile phone, whispered a few words to the other end of the phone, and put down the phone.

The two looked at each other, and for a moment, they didn't know what to say.

After the business was finished and an agreement was reached, the atmosphere was a little weird.

At this time, Liu Zonghan, who had watched the show for more than ten minutes on the side, finally spoke, and said with a smile, "Chenggang, I said at the beginning, although Xia Yun is a little younger, he is not easy to mess with at all, now you believe it, right?" ”

Li Chenggang sighed in a complicated mood and showed a wry smile, "You're right, there are talents in the country, and the back waves of the Yangtze River push the front waves, compared with him, I found out that I am old!" ”

Xia Yun didn't expect that Liu Caishen had commented on himself beforehand, and after being slightly stunned, he hurriedly said modestly, "Mr. Liu, you are too high-spirited kid, kid is too scared!" ”

Liu Mengqing snorted on the side, muttering in a voice that was not very high, but could be heard by everyone, "Hypocrisy! ”

Xia Yun touched his nose, not knowing what to say.

Liu Zonghan glanced at his daughter, smiled slightly, turned to Li Chenggang, and chatted about some other topics, "Chenggang, since you are here this time, let's stay for one more day, and let's have a good chat in the evening?" How is the IPO of your group going? ”

"It's still in the final preparations, and there are still some conditions that haven't been met, speaking of which, Zong Han, how did you consider my suggestion last time?"

After reaching an agreement with Xia Yun, Li Chenggang seemed to be much more relaxed, looking at Liu Zonghan and jokingly saying, "We have been brothers for decades." I'm the first to think of you! ”

Liu Zonghan pondered for a while, but still shook his head slightly, "I'm not familiar with the education industry, I don't want to rush into it rashly, and some time ago, I just invested hundreds of millions of dollars and signed a project in a biomedical science and technology park. Forget it......"

Li Chenggang was a little disappointed and a little unrelenting, thought about it, and persuaded again, "Zong Han, you are not familiar with the education industry, are you not familiar with me?" I've been in this business for more than ten years, and I can't fool you, and this listing is a great opportunity for me and you. It's a shame to miss it! ”

Liu Haonan on the side saw that his father was in deep thought, and asked Li Chenggang with some curiosity, "Uncle Li, what a great opportunity." It's a pity to miss it, is your Nanyang Group going public? ”

Li Chenggang glanced at Liu Zonghan again, nodded at Liu Haonan, and explained to him. "We have applied to the Tianchao Securities Regulatory Commission for overseas direct listing, and we have also found overseas referees, overseas managers, overseas accounting firms, overseas law firms and other intermediaries, and the materials are almost ready. But when the CSRC audited, there were a few points that were stuck! ”

"At present, the biggest problem is that if you want to be directly listed overseas, the company's net assets must not be less than 400 million yuan, the after-tax profit in the past year should not be less than 60 million yuan, and the amount of overseas financing should not be less than 50 million US dollars! These are hard conditions, and there are other financial requirements, such as the debt ratio must not be higher than a certain level, etc. ”

Speaking of this, Li Chenggang showed a slightly helpless expression.

"And our company, the current debt ratio is a little high, and after financial audit, although the total assets have more than one billion, but the net assets are only about 300 million, so it was rejected, if you want to go directly listed overseas, you must find investors to invest, asset restructuring, improve the company's net assets, reduce the company's debt ratio......"

Liu Haonan understood, oh, glanced at his father, who was still pondering, thought about it, and asked Li Chenggang again, "Uncle Li, since the threshold for overseas listing is so high, and the financing cost is much higher than that of domestic direct listing, why don't you go directly listed in China?" ”

Li Chenggang smiled bitterly, "Because what we do is the education industry, and the education industry is prohibited from listing in China!" ”

Seeing that Liu Haonan was still a little confused, Li Chenggang gave him a detailed explanation.

In the Celestial Empire, Article 3 of the Law on the Promotion of Private Education stipulates that private education is a public welfare undertaking, while Article 25 of the Education Law stipulates that no organization or individual may establish schools or other educational institutions for profit-making purposes.

This legally excludes the for-profit basis of private education and training institutions.

Article 51 of the Law on the Promotion of Private Education clearly states that "funders may obtain a reasonable return from the surplus of running a school".

However, it is not clear how to define the so-called "reasonable return", and the Regulations for the Implementation of the Law on the Promotion of Private Education also restrict private education and training institutions from raising funds from the public, which has formed an obstacle to the A-share listing of educational institutions.

Therefore, all the private education and training institutions in the Celestial Empire have only eight or nine listed companies in total, namely New Oriental, Xueda, Anbo, Xueersi, Zhengbao Remote, Noah Zhou, Hongcheng Education, ATA, Sunway, etc., and all of these companies are listed in the United States without exception.

IELTS, which has now been acquired and delisted by Pearson, a British listed company, was also listed on the NASDAQ in the United States.

After the end, Li Chenggang concluded, "In the Celestial Empire, the education industry, if you want to be listed in China, at present, it is absolutely impossible, and you can only take the road of overseas listing!" ”

"At present, the time before the listing period is getting shorter and shorter, and we still have not raised enough funds to meet the standards of net assets and debt ratio, so I found your father, hoping to buy 20% of the shares at a price ......of 100 million yuan, so that your father can inject capital into our company."

"You must know that our company's current net assets are about 300 million yuan, but counting intangible assets, 100 million yuan can get at most 15% of the shares. As long as you can pass this threshold and successfully list in the United States, I can assure you that your investment will pay off handsomely! If you look at the price-earnings ratios of the current listed education companies in China, you will know ......"

Liu Haonan glanced at his noncommittal father again, and snorted, "Uncle Li, brotherhood belongs to brotherhood, business belongs to business, you say so, but people can't afford it, if it were me, I wouldn't dare to take on such a big favor!" ”

Sure enough, it is a tiger father and no dog, they are all thieves and thieves, and even their temper and personality are exactly the same, Li Chenggang glanced at Liu Haonan who was playing Ha Luha, and then glanced at Xia Yun, who had just confronted him head-to-head and did not fall behind at all, and now listened to their conversation with a smile in front of him, and looked at his depressed son beside him, and suddenly felt a sense of loneliness in his heart that the hero was late and there was no successor.

But this thought just flashed in his heart, and he was expelled from Lang, and he laughed in his mouth, "Uncle Li is joking with you, now Uncle Li is begging you, how dare you say what kind of favor, but this is indeed Uncle Li's bottom line, after your father refused last time, Uncle Li also found a few other investors, and also talked about it roughly, estimating, about 178% of the shares, you can also get enough investment!" ”

"It's just that these people, either Uncle Li is not at ease with them, or they are not at ease with Uncle Li, with all kinds of harsh conditions, and there are certain risks, so Uncle Li is still considering, if your father can take over these shares, it would be the best, after all, they are decades of old brothers, and they can rest assured of each other!"

"Of course, there is still a little bit of time, if the deadline is up, and your father still doesn't plan to take over these shares, then Uncle Li can only go to the investors who discussed it before!"

What he said was extremely reasonable, Liu Haonan was also a little moved when he heard it, thought about it carefully, and asked Li Chenggang again, "Uncle Li, then what is the deadline for your asset restructuring and overseas listing?" (To be continued......)