Chapter 485 [A Surprise for Wall Street]

"I don't dare to give you an exact answer to this, but what you said Brother Luo is quite constructive and worth studying."

Zhong Yuanhong said.

What the Hong Kong Stock Exchange cannot accept is the partnership system proposed by Bluestar Technology, which requires the same shares and the same rights, while Bluestar Technology advocates that a small number of shares occupy control over the group company, which is the AB share system, which is the same share different rights.

And this is Luo Sheng's bottom line, so the Hong Kong Stock Exchange can't be listed, so he can only go to North America to engage in ADR.

The so-called ADR is the abbreviation of custodian certificates, the United States is currently the most financially developed country in the world, and its relevant system design is also the most advanced, in addition to the United States to include its own domestic enterprises above the scale into the stock market, in order to earn money from enterprises in other countries in the world, to facilitate American investors to participate in foreign stock investment, but also to provide financing channels for enterprises in other countries other than the United States, the Morgan Bank of the United States pioneered depositary receipts as early as 1927.

In 2006, Bluestar Technology went public in the United States with ADR, strictly speaking, Bluestar Technology is not a company that is really listed in North America at all, nor is it a North American company, and can only use ADR to trade in the North American capital market.

This is the basis for why Bluestar Technology can be listed on the Hong Kong Stock Exchange or other exchanges in addition to the United States, because Bluestar Technology's listing in North America is not really listed, and it is not listed in China.

If the Hong Kong Stock Exchange can support the WVR provision in the future, then after Bluestar Technology completes its listing in Hong Kong, the shares listed on the Hong Kong Stock Exchange and the North American depositary shares listed on the NASDAQ will be convertible to each other.

This is the advantage of ADR, not only can depositary receipts be exchanged with each other, but also with other securities, global investors can buy Bluestar Technology's depositary receipts on North American exchanges, and at the same time, they can also buy Bluestar Technology's shares on the Hong Kong Stock Exchange.

At this time, the two sides were still sitting in the living room and continued to talk about this, Zhong Yuanhong saw Luo Sheng make two cups of half-full tea with his own hands, and handed over one of them.

After taking a sip, Zhong Yuanhong said again: "Brother Luo, I guess you want Bluestar Technology to be listed in Hong Kong, in addition to these, there should be other problems, right?" ”

Luo Sheng nodded with a smile and said frankly: "First, although North America allows the same share different rights system, it does not mean that the market over there allows the company's senior management to mess around, but more stringent regulatory conditions, Bluestar Technology must meet the requirements of investors in terms of finance, growth expectations, etc., otherwise no matter who you are, investors will not let you get by, although I have always emphasized that Bluestar Technology does not take profit as the first purpose, but last year's net profit earned 72 billion US dollars, equivalent to more than 490 billion yuan, Enterprises are gradually becoming money-making machines in the financial capital market. ”

"Second, the performance growth of Bluestar Technology has encountered a bottleneck, the global Internet user market has basically been carved up, and then if you want to develop, you have to open up overseas emerging market countries, and the development of these emerging market economic areas requires a lot of financial support, and there is basically no return in the short term, which means that the initial investment is huge. I think the listing of the Hong Kong Stock Exchange is to be able to give higher valuation and financing support, so Bluestar Technology needs to expand its overseas territory by going to the Hong Kong Stock Exchange for financing. ”

"The most important point, the United States now intends to suppress my Bluestar Technology, North American investors will still remember the Blue Star Technology stock price thunderstorms one after another, although there is no airdrop agency now, but I think there will still be some people behind the tiger, assuming that my company now reserves more than 200 billion US dollars to play almost, those airdrop institutions will definitely not be indifferent, they are waiting, so the iron still needs its own hard, Bluestar Technology may not be able to have a higher valuation in North America in the future, if in the Hong Kong Stock Exchange after financing, There will be a greater global strategic layout. ”

At the end, after listening to Luo Sheng's words, Zhong Yuanhong couldn't help sighing, but after a moment, he looked at Luo Sheng and smiled: "Listening to what you say, with a helmsman like you, I think there is no problem for Bluestar Technology to survive this crisis, it's just a matter of time." ”

Luo Sheng said modestly: "Pass the award." ”

Zhong Yuanhong still smiled: "I don't dare to package a ticket with you about Bluestar Technology's listing in Hong Kong, even if this can be done in the end, it is not a one-time thing, and even three or five years may not be." ”

Luo Sheng nodded: "I know this, after all, it's not a trivial matter." ”

Zhong Yuanhong added: "But if you want to borrow 350 billion yuan from the state, I don't think it's a big problem, and you can even give you a low-interest loan, and the State-owned Assets Supervision and Administration Office should also follow up, even if Bluestar Technology fails to be listed on the Hong Kong Stock Exchange in the end, it is also a high-quality investment from an investment point of view." ”

Luo Sheng: "Really? ”

Zhong Yuanhong said with a smile: "You can always believe in the 'Luo Sheng effect', and even the current crisis has not disappointed so far." ”

Hearing this, Luo Sheng couldn't help but laugh happily.

This "Luo Sheng effect" is really mysterious and mysterious, and it cannot be explained by science, but it does exist and is also very powerful.

After a while, Zhong Yuanhong got up and said with a smile: "It's nothing else, it's time to say goodbye, don't worry, Brother Luo, I will contact you immediately if there is news." ”

Luo Sheng immediately got up and was about to send it away, Zhong Yuanhong stopped: "This can be seen outside, stay here." ”

"Haha, okay, then wait for your good news."

……

After Zhong Yuanhong left, he also made a systematic report on the matter as soon as possible.

Luo Sheng was not too anxious, even if he couldn't make it, he would still be able to get through this crisis, but it would be a little more difficult, but how to live his life was still how to live.

With the passage of time, in early April, Bluestar Technology Group officially released the 2012 Q1 financial report with the approval of Luo Sheng.

In the first quarter of 2012, the Group's total global revenue was US$34.72 billion, down more than 35% compared with the fourth quarter of last year. The net profit for the quarter was $6.25 billion, and the net profit margin was only about 18%, which was almost halved.

It can be seen that the "Blue Star Technology Risk Assessment Report" released by Black Silk Group is very authoritative.

In fact, even if Bluestar Technology is now facing the loss of this international market, its net profit in this quarter is expected to reach $9 billion, while the actual figure is $6.25 billion because the company took the initiative to reduce corporate profits.

This earnings report is in line with the expectations of Wall Street analysts, and after the company released it, it did not cause BTC stocks to fluctuate up and down, neither rose nor fell, but rose and fell, but the total market capitalization remained at the $370 billion level of small fluctuations.

It seems that the market value of Bluestar Technology Group has stabilized at this digit, and such a large multinational technology giant can't fall, but it is difficult to rise if it is not driven by events.

In this way, it seems that it came to June 2012, and in these two months, Luo Sheng also returned to the work of Pan Technology, focusing on Star Arrow International and the Snowman Project.

Finally, into mid-June, event-driven...... Here it comes.

……

The new headquarters of Bluestar Technology Group, Mobius Ring, is an internal high-level conference room.

Luo Sheng was having a meeting with Lao Zhang and other core managers of the group company, and at this moment his personal phone rang, only Luo Sheng's phone would ring in the conference room, and all the other people's mobile phones would be muted, and they would be turned off even if the call came.

After all, it is the ultimate boss, and this privilege is still there.

One of the executives who had just spoken also took the initiative to stop speaking first, and Luo Sheng took out his mobile phone and glanced at the caller ID, which was Zhong Yuanhong's phone.

Luo Sheng answered the phone, and everyone in the meeting didn't know who he was contacting, but they noticed that Luo Sheng's expression suddenly lifted his face.

"Well, got it, okay, okay, OK, great."

Luo Sheng quickly hung up the phone, and suddenly shook his spirits, and Zhang Bowen, who was sitting in the second-in-command position, said with a smile: "Mr. Luo, it seems that there is good news." ”

Just now, Zhong Yuanhong called and said that the State-owned Assets Supervision and Administration Office will come up with an astronomical amount of 80 billion US dollars, and at the same time, the five major banks will raise 356 billion yuan, or about 52.2 billion US dollars, in low-interest loans to Bluestar Technology Group.

Luo Sheng glanced at Lao Zhang, then looked around at the senior executives attending the meeting, and said without hesitation on the spot: "I decided to propose to the board of directors that the group company will draw up a $135 billion BTC share repurchase plan." ”

Submitting a proposal to the board of directors is just a process, and Luo Sheng decided that the proposal would definitely be approved, because he had more than half of the nomination power of the board of directors.

"What?"

As soon as these words came out, Lao Zhang and other core executives were collectively shocked.

Zhang Bowen was stunned and said: "Mr. Luo, the $135 billion repurchase plan, this and this...... Are you sure? ”

Luo Sheng said affirmatively: "I'm sure! ”

Everyone was stunned again, and Lao Zhang couldn't help but ask, "My God, why is this?" ”

Hearing this, Luo Sheng said with a smile: "Give Wall Street a reason to force me to pay a debt, don't break the casserole and ask to the end, keep a little sense of mystery and expectation, and then you will understand, we want to give Wall Street a surprise, it depends on whether they want it or not." ”

Everyone looked at each other, obviously, the big boss is selling Guanzi, although I don't know what kind of medicine is sold in this gourd, but no matter how you look at it, it is very exciting and crazy.

It's crazy, the executives present have followed Luo Sheng for so many years, and they have seen a lot of wind, waves, and battles, but they haven't seen any scenes, but they can't help but beat their hearts at this time.

It's like dancing on the tip of a knife.

Once $135 billion is invested in the stock market, Wall Street will be forced to go into debt at this time, and the remaining cash reserves will either lay off employees and reduce R&D investment funds, otherwise the company will face the crisis of breaking the capital chain.

"That's it, Lao Zhang's repurchase plan, you have full authority to draw up and report directly to me."

……

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