Chapter 144: Discussion on Listing
At 8:50 a.m. on October 23, all senior executives of Li's company in Xiangjiang had arrived at the conference room of Jiayi Building, just waiting for Li Guangyu's arrival.
When it was approaching nine o'clock, Li Guangyu and Cao Weiqing walked into the conference room together.
Li Guangyu said: "The reason why I invited everyone here today is to discuss with you which of our current groups is suitable to be listed in Xiangjiang."
The following senior executives did not expect that Li Guangyu would raise such a question. Since the Li Group has two major financial machines, Xingyu and Xiangyu, the company's expansion has never had to worry about funds.
Even with zī jīn duǎn quē, it is easy to obtain loans from banks based on the market value of the group. Therefore, the senior management never thought that Li Guangyu would let his group go public. Li Guangyu has a strong desire to control the group. In addition to participating in other shares,
A group can control 100% of the group it manages and will not give up even one percent.
Moreover, once the group is listed, Li Guangyu will have to transfer the group's funds at any time, which will be more troublesome. The cooperation between the various groups will not be as harmonious as it is now.
As the current executive officer of the Li Group in Xiangjiang, Li Xuemei, who is in charge of group affairs, saw that everyone was looking at her, obviously waiting for her to speak.
Li Xuemei asked Li Guangyu: "Li Sheng, do you have any plans to list any group in Hong Kong now?"
Li Guangyu is quite conflicted now. He himself has not decided which group should be listed. If Sun Hung Kai Properties' shares were not too attractive, and Lee Shau Kee and Guo Desheng were standing by to speak for Feng Jingxi, Li Guangyu really didn't want to let him go public.
Its group is underwritten and listed by Sun Hung Kai Securities.
Li Guangyu said: "At present, I will not let our Xiangyu Group and Xingyu Group be listed, and the same is true for Xingguang Real Estate Group. Look at Jiayi Group and Hongyu Clothing Group, which group is more suitable for listing?
"
It’s really hard to say about the senior management of these two groups. One is an industry that the Li family has been running for decades, and the other has mastered the big weapon of public opinion. They both have an important position for the Li family. This is not theirs.
What can be decided depends on the opinions of several presidents.
Du Yuemei said: "Li Sheng, Hongyu Clothing Group is currently expanding rapidly, and the Feiyu brand has just been established. At this time, I think Hongyu Clothing Group is not suitable for listing."
Zhou Liangshuyi also said: "Li Sheng, I think the listing of Jiayi Group is more in line with the interests of the Li Group. As the largest film and television media group in Hong Kong, our Jiayi Group controls part of the public opinion guidance in Hong Kong. We have always been sole proprietors."
, not being listed and accepting public supervision will be detrimental to the development of Jiayi Group."
Later, Guo Qingya, Chen Dong, and Liu Tianci expressed their opinions, and they all felt that listing Jiayi Group would be more beneficial to the development of Li Group.
Li Guangyu also knows that as a media group, Jiayi Group will be very unfavorable to the development of Jiayi Group if it remains solely controlled by itself. Whether it is local in Xiangjiang or wants to expand externally, it will be very difficult for it to be a sole proprietorship.
For example, if you want Jiayi TV to be a star, the Xiangjiang government will probably get stuck. The influence of a sole proprietorship of such a media would be too huge, which is not conducive to government control.
Li Guangyu said: "Since everyone thinks that the listing of Jiayi Group is more beneficial, then we will plan the listing of Jiayi Group. Here is good news to tell you, as the senior management of our Li Group, this time the listing of Jiayi Group,
We will distribute a portion of the shares to all senior executives.”
After Li Guangyu said this, the management below showed happy expressions instantly. Among the major family groups in Xiangjiang, no group has given so many original shares to high-level distribution listed groups.
The salary of the management of the Lee Group is higher than that of the management of the same level in other groups in Hong Kong. Now that they can obtain the original shares of the group's listing, they are full of hope for working in the Lee Group.
All management members stood up to express their gratitude to Li Guangyu, saying that they would work hard to develop the group better and better.
Afterwards, Li Guangyu announced the adjournment of the meeting after listening to the reports from major groups about the company. At the same time, Luo Qianwen, deputy general manager of Tianyu Investment, Liu Tianci of Jiayi Group, Zhou Xiaoning and Qinghong, and Guo Qingya, CEO of Starlight Real Estate Group were left behind.
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Li Guangyu said: "Regarding the listing of Jiayi Group, Sun Hung Kai Securities will be fully entrusted with the responsibility of underwriting the listing, which requires your cooperation."
When Luo Qianwen heard what Li Guangyu said, she immediately became anxious and asked Li Guangyu: "Li Sheng, the listing of Jiayi Group is a great opportunity for our Tianyu Investment Company. Why is it not operated by our Tianyu Investment instead of Sun Hung Kai?"
Where are the securities?"
Li Guangyu said: "This time it was Sun Hung Kai Securities Fung King Hei who found me, and I thought about listing the group. Of course, Fung King Hei also gave me benefits. He would transfer 10% of Sun Hung Kai Properties' shares to me. Qianwen, Xiao
Ning, you need to handle this aspect, and the shares will be controlled by Tianyu Investment."
When Luo Qianwen heard what Li Guangyu said, she knew that the listing of Jiayi Group had nothing to do with Tianyu Investment. Who told Feng Jingxi to come up with something attractive to Li Guangyu?
Luo Qianwen replied: "Okay Li Sheng, I will cooperate with Zhou Sheng on the acquisition of Sun Hung Kai Properties shares."
Although Li Guangyu wants Jiayi Group to be listed, Li Guangyu has to re-zone the properties that were originally classified as Jiayi Group. Regardless of whether Jiayi Building or major theaters are very valuable, Li Guangyu is not willing to let these still belong to Jiayi Group.
Jiayi Group lets people make money with it while they are there.
Li Guangyu said: "Qingya, the ownership rights of our Jiayi Group's buildings and theaters will all be transferred to the Starlight Real Estate Group, and they will be managed by the Starlight Property Company. The Jiayi Group will pay the rent according to the market price. Tianci, you are
While cooperating with Qing Ya’s work.”
Liu Tianci has no objection to this. Although the market value of Jiayi Group will be much less after this, Liu Tianci is very satisfied to be the CEO of Li's first listed group.
Guo Qingya replied: "Li Sheng, we will hand over relevant matters with Jiayi Group."
Although she was puzzled that Li Guangyu valued these real estates but only allowed the Starlight Group to develop remote areas in Tin Shui Wai, Guo Qingya still resolutely carried out Li Guangyu's instructions.
Li Guangyu then said to Qinghong: "Ahong, this listing of Jiayi Group is our first under the Li family, so you need to personally check our various documents to make sure there are no mistakes."
"Okay Li Sheng, I will personally be responsible for the documents for the listing of Jiayi Group, and I will ensure that Jiayi Group successfully passes the review of the Far East Exchange in this regard," Qinghong replied.
Today there are four major exchanges in Hong Kong, and the exchange where Li Guangyu was listed is the Far East Exchange under the Li Peicai family, which is also one of the four major families in Hong Kong. The person in charge of the Far East Exchange today is Li Fuzhao, the current head of the Li family.
Li Guangyu then said to Li Xuemei: "Xuemei, you have to pay more attention to the listing of Jiayi Group. You have to make a good estimate of the market value of our Jiayi Group. This time we cooperate with Sun Hung Kai Securities and have full authority over the listing of Jiayi Group."
It’s up to you to communicate with them.”
Li Xuemei said: "Okay Li Sheng, I will contact Sun Hung Kai Securities to ensure that the interests of our Jiayi Group are not harmed."
Chapter completed!