Chapter 435: Pros and Cons of Going Public
Xia Yun nodded, "There is a good opportunity right now, a friend of Liu Caishen has a listed company in his hand, because the business situation is not very good, and there are some private reasons, he plans to delist and operate, and at the same time get rid of the shell resources of this listed company, last night Liu Caishen asked me if I am interested in backdoor listing, if I am interested, I will leave the shell resources to us!" ”
Xu Zhiyang sighed, groaned for a while before saying, "Ah Yun, then in your opinion, should we go public?" ”
Xia Yun pondered for a moment before shaking his head and said, "I'm a little unsure, I think I should discuss it with Brother Qin Lin, after all, he is a professional financial and accounting talent, and he has more say in this point!" ”
"Well, that's what I thought too!"
Xu Zhiyang nodded, got up and went to the desk, called Qin Lin, explained, and sat back on the sofa, "What are the CPPCC members and people's congress deputies, and what is the situation?" ”
Xia Yun shrugged his shoulders, "It's also Uncle Liu's suggestion, with this skin, it will be easier to deal with some things in the future, and some low-level cows, ghosts, snakes, and gods will also take the initiative to stay away from us, and there will be nothing to find fault with the public procuratorate, law, industry and commerce, health and environmental protection, etc. - although Uncle Tong is here, these people don't dare to come over to make trouble, but there is always an extra layer of protection!" ”
Xu Zhiyang nodded again, "That's true, more skin and more insurance, and less trouble, but I said Ah Yun, Liu Caishen is so good to you, it seems that he really cultivated you as a son-in-law, but I feel unsteady in my heart, you tell me the truth, what do you think?" ”
Xia Yun pretended to be stupid and said, "What do you think?" ”
Xu Zhiyang didn't ask Xia Yun, but just sighed, "Ah Yun, don't be sloppy with your brother-in-law." My brother-in-law is also a man, and I can understand your thoughts, I guess I can't control it, but you still have to pay attention to yourself, don't play with fire and set yourself on fire, I am not familiar with other girls, and it is not easy to comment, but Liu Mengqing and Jiang Peilan, the two girls, have too deep backgrounds, you must deal with them. If you anger Liu Caishen and the consortium behind Jiang Peilan, one finger can crush our little family and small business, and it is not impossible for us all to eat! ”
Xia Yun smiled bitterly, "Brother-in-law, what you said is too exaggerated, right?" I know very well what kind of person Liu Caishen is, even if I have a falling out with Qingqing, at most I will be abolished, and it will not affect our family...... As for Perran, it's even more unlikely. Don't worry! ”
Xu Zhiyang wanted to speak and stopped, but finally didn't say anything, sighed slightly, and shook his head. "Forget it, don't talk about this, I heard your sister say that you will go to Wucheng this time. Bought the company you used to work for? ”
"Well, that company was in trouble at the time, and the boss offered a very low price. I've been in it for five years, and I got a little emotional, so I bought it......"
"Bought it?"
Xu Zhiyang didn't know what to say, "You, you, I really don't know what to say about you, saying that you are not doing your job, but here and there, tossing around, saying that you are diligent, you are wandering around all day long, playing soy sauce everywhere to be a shopkeeper!" ”
……
The two chatted for a while, and two minutes later, the door of the office was pushed open, Qin Lin walked in with a briefcase in his hand, looked at Xia Yun and Xu Zhiyang who were sitting on the sofa, paused, casually put the briefcase on the coffee table in front of the sofa, and sat on the sofa on the other side of the two, "I just wanted to go to the bank, what is the matter with me?" ”
"To the bank?"
Xia Yun asked casually, "What are you doing at the bank?" ”
Qin Lin glanced at him speechlessly, "Didn't we say the morning before yesterday that we would go to the bank to borrow 50 million and build a new factory?" Yesterday we negotiated with President Sha of CCB, and today we are going to sign and seal! ”
"Oh, yes, yes, yes!"
Xia Yun smiled awkwardly, he almost forgot about it, looking at Qin Lin's speechless expression, he hurriedly changed the topic, "It's like this, Brother Qin, there is one thing, my brother-in-law and I can't make up our minds, and I will find you as a staff officer." ”
After repeating what he had just said to Xu Zhiyang, he finally said, "Brother Qin, you say, should we take this opportunity to backdoor listing our Sanlian Group?" ”
After listening to Xia Yun's words, Qin Lin sighed and fell into deep thought.
Xia Yun and Xu Zhiyang didn't urge, they just looked at him quietly, waiting for him to give his advice.
Qin Lin thought about this for more than ten minutes, and just when Xia Yun was a little impatient and wanted to speak out, he finally exhaled softly, smiled at Xia Yun and Xu Zhiyang, but did not directly say his opinion, but changed the topic.
"Zhiyang, Xia Yun, let's do it, I'll tell you the advantages and disadvantages of our company's listing first, and then let's discuss, whether to take this opportunity to go public!"
Xia Yun and Xu Zhiyang were both slightly stunned, glanced at each other, and nodded.
"First of all, we all know that the so-called listing of the company is to put a part of the company's shares on the market, set a certain price, and then let these shares be traded in the market in accordance with legal procedures. The funds raised through the listing can be used to continue to develop and grow their own companies, in order to facilitate the company's better and faster development, then the biggest advantage of listing is that you can raise a large amount of funds, and it is also the fastest and most convenient means of financing! ”
"Secondly, the company is listed and issued shares, so that those shareholders who hold our company's shares on the stock market can share the risk for us, just like we originally held 100% of the company's shares, and a loss of one million a year is one million, and after listing, for example, we only hold 50% of the shares, then we only need to lose 500,000, of course, if we make a million, we also have to separate 500,000 people, although it is not such a simple algorithm in fact, but it will not be too far behind!"
"Third, after listing, we can increase our asset liquidity, asset liquidity is the ability of assets to quickly turn into cash, the company's stock liquidity is very strong, you can buy if you want to buy, you can sell if you want to sell.
"Fourth, after the listing, we can greatly reduce our dependence on banks in terms of funds, and we no longer need to consider borrowing from banks. The funds raised by the listing can be used by the company permanently, without returning, whether or not dividends, and how much the company has the final say. However, the use of bank loans is different, there are many restrictions, and the principal and interest must be repaid. After listing, although the funds raised by the company are also used for specified purposes, we still have a way to transfer the money out and use it elsewhere! ”
Speaking of this, Qin Lin paused for a moment before he continued, "These four points are the biggest direct benefits and advantages of listed companies compared with unlisted companies, and they are also the temptation that all entrepreneurs who are good at capital operation cannot refuse. ”
Xu Zhiyang nodded, after all, he is from an engineering background, and his skills are his strengths, not from a serious business class, although he knows that the benefits of listing on the company are many, but what are the benefits, and where are the specific manifestations, they are all a little vague, and now Qin Lin explained it to him, and he felt a little surprised.
Xia Yun didn't feel like Xu Zhiyang felt that he had benefited a lot, during this time, he often held some economic books and gnawed on, and the Nanyang Group he bought was in full swing to prepare for a direct listing overseas, and he had a thorough understanding of this knowledge.
There was silence in the office for a while, and when Xu Zhiyang digested Qin Lin's words, he then asked, "Qin Lin, the benefits of the company's listing have been talked about, what about the disadvantages of going public?" ”
Qin Lin smiled, "Listing is a double-edged sword, there are many benefits, and there are many disadvantages, first of all, the most direct, listing costs money, and there are a lot, in the Celestial Empire, from the current actual issuance and listing costs, the total cost of domestic issuance and listing is generally 6% ~ 8% of the financing amount." There are mainly three parts: intermediary fees, exchange fees and promotion auxiliary fees! ”
"For example, if our company wants to go public, we want to raise 100 million funds from the stock market, then, the cost of listing needs 600 to 8 million, although if it is successfully listed, the government may have certain subsidies and rewards, but the cost we need to invest is still a lot of money."
Xia Yun was fine, but Xu Zhiyang was a little surprised, "So much?" ”
Qin Lin nodded, "This is just the average, some are a little higher, even 10%, 12% have been!" ”
Xu Zhiyang sighed and asked, "Then what are the other disadvantages?" ”
"The second disadvantage of listing is that the finance must be transparent, and if you don't want to be financially transparent, you can't go public, which is a dead rule. The financial status of each quarter and year needs to be publicized to the outside world, and the company's information must be notified to the shareholders every period of time. There must be an explanation for how much you have earned and how much you have lost, which will expose the secrets of many companies and cause some coveting and threats! ”
"Third, the issuance of shares may be maliciously controlled, and even if the shares in our hands are diluted to a certain extent, it is possible to lose absolute control, at least one or several major shareholders will point fingers at us, and more seriously, it is possible to be controlled by the other party, and the country that we have worked hard for several years will be changed hands overnight, working for others, and making wedding clothes for others!" (To be continued......)