On the 12th, the Queen of England arrived in the capital and began her visit to the mainland.
In Li Guangyu's office, Le Yiling, Yuan Tianfan, Luo Qianwen, Guo Fengtao and Ye Xinyi were seated in the reception area.
At present, the groups under the Li Consortium are very large. Li Guangyu has always been a sole proprietor and has not been listed on the stock market, which has had an impact on the further expansion of some industries.
In order to allow these groups to enter the market of more countries, Li Guangyu intends to list some groups in the next few years.
Of course, it is impossible for Tianyu Financial Bank, the flagship of Li's consortium, to be listed on the market. It is the center of contact between Li's major groups, and Li Guangyu doesn't want some of these things to be known to the public.
The first group Li Guangyu chose to list this time was Xiangyu Culture Group. This group is similar to Jiayi Group. As a cultural media group, after it develops to a certain level, it must be listed and accept external supervision of the group.
, so that Xiangyu Culture Group can reduce many restrictions in its subsequent development.
Li Guangyu said: "Tianfan, Yi Ling, I came to you today to discuss the listing of Xiangyu Culture Group. Currently, Xiangyu Culture Group is facing some problems that need to be solved, otherwise we will lose a large part of the market.
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Li Guangyu is an extremely selfish guy at heart. He always believes that the group is solely in his hands. If he can avoid going public, he will definitely not go public, even if he knows that after going public, he can attract a large amount of funds, and the group
The market value will be higher, but he is still unwilling to do so.
Now he has no choice. During this period, the consortium in the United States is probably causing trouble for him again. It is persuading the U.S. government to restrict the development of Xiangyu Culture Group in the United States. The important reason is that this group is not transparent and has no influence on the United States.
is a huge threat.
Media groups are no more powerful than other media groups, which have a great influence on public opinion. A group that is not listed on the stock market obviously cannot reassure some governments, especially a group as large as Xiangyu Culture Group.
Once listed, Xiangyu Culture Group will need to disclose information to the outside world as required. It is far less free than it is now. Now that Li Guangyu has a development plan, Xiangyu Culture Group can implement it immediately without any further procedures. It will still need to disclose information to the outside world in the future.
Public announcements, even high-level changes, need to be made public, and Li Guangyu is extremely reluctant.
Going public is the dream of countless enterprises and companies, but Li Guangyu has no interest at all, and he himself is not short of development funds. Now it is only the profits of Hengyu Supermarket Group and Xingyu Game Group, plus Xiangyu Culture Group and several major clothing groups.
, is enough to support the expansion of Li's consortium, so why should he allow these groups under him to accept external supervision at all times.
Li Guangyu knew very well that this was another offensive against him by the American consortium. Li's consortium's industries were basically not listed on the market. These consortiums relied on Wall Street guys to find loopholes in attacks. In addition, Li Guangyu fought with them to compete for the market.
You don't have to care about profits at all. The financial affairs of the Li Group are only responsible to Li Guangyu, so you don't have to worry about any impact at all.
Once these groups are listed, the situation will be completely different. It will be difficult for Li Guangyu to hurt others with his own interests. Public opinion outside will never let Li's groups do this. This is harming these shareholders.
Benefit.
The American consortium is absolutely unwilling to allow the groups under the Lee Consortium to remain unlisted. Such a threat to them from the Lee Consortium is too great.
Le Yiling had long been prepared for the listing of Xiangyu Culture Group, and she did not expect that Xiangyu Culture Group would be able to delay until now. This was already quite a surprise to her.
The senior management of the consortium are very clear about some of Li Guangyu's thoughts. His code of conduct is that companies that can not be listed will never be listed, and all the companies under his subsidiaries that were not listed in the past will be privatized.
For example, Wheelock Group, Heung Kong Aircraft Engineering Company, Kowloon Bus, Heung Kong Telephone Company, Regal Hotel Group, Heung Kong Exchange are afraid that the Li Group will acquire listed companies, because once Li Guangyu acquires them, they will be withdrawn soon.
market, Li Guangyu is not very willing for the company to continue to stay on the stock market.
As for these senior executives, they are actually more willing to become presidents of listed groups. This aspect will have a much greater impact, and after being listed, their own power will be much greater. Going public will not do any harm to them, but it will only slightly restrict some of Li Guangyu's abilities.
It's just power.
Le Yiling said: "Li Sheng, there is no problem with our group's listing, and I believe that whether it is New York, London, or Hong Kong, several major exchanges will very much welcome our listing. I wonder what Li Sheng's plan is?"
Li Guangyu's Xiangjiang-headquartered group has never thought of listing elsewhere. As for Bentley, British Telecom Group and Xingyuan Group, these companies are planning to list in London, while Xingyue Real Estate Group and Dongxing Real Estate Group will list in Tokyo.
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Li Guangyu said: "Our Xiangyu Culture Group is listed on the Hong Kong Stock Exchange, with market making by Tianyu Investment Company, Sun Hung Kai Securities Company and the Securities Department of Hong Kong Bank, in Singapore, Kuala Lumpur, Bangkok, Jakarta and Tokyo, Seoul, Taipei and London.
Road shows are held in Los Angeles, Vancouver, Mexico, Sao Paulo, and Sydney to attract funds from various places to Hong Kong. It is far from enough to rely on Hong Kong alone."
The market value of Jiayi Group is very high. At this year's annual meeting, according to the evaluation of Xiangyu Culture Group by Goldman Sachs, Sakura Bank, First Citigroup and Tianyu Investment Company, the group's current market value is around US$8.2 billion.
It will only be higher when it goes public. Even if Li Guangyu only takes 20% of his shares to go public, it will still require nearly 2 billion US dollars to enter the Hong Kong market.
At present, the total market value of all listed companies in Hong Kong is only 550 billion Hong Kong dollars. The market value of a Xiangyu Group is estimated to exceed 70 billion Hong Kong dollars. This is very scary. The Hong Kong Stock Exchange will definitely give Xiangyu Culture Group blue-chip treatment, and then become a blue chip stock.
A constituent stock of the Hang Seng Index.
The current situation in the Hong Kong stock market is a bit strange. The main problem is the collapse of the central part. There are very few listed companies with a market value of over one billion to ten billion, and there are not even as many listed companies with a market value of over ten billion.
The main reason is the large-scale expansion of the Heung Kong Consortium, coupled with the major real estate groups' bargain hunting in the Hong Kong property market and the development of Japanese real estate, resulting in the formation of Heung Kong Bank, Cheung Kong, Hutchison Whampoa, Zhao Kee, Sun Hung Kai, Shun Tak, IWC, Heung Kong Electric, and China
Town Gas, Bank of East Asia, Cathay Pacific and a large number of other groups have market values exceeding 10 billion Hong Kong dollars.
Coupled with the already strong HSBC, CLP Power, Jardine Matheson Holdings, Swire Pacific, Standard Chartered, etc., this has caused a gap in the current stock market in Xiangjiang.
Among the total market value of 550 billion, companies with a market value of more than 10 billion account for more than half of the market value. Except for a few media groups, and a few real estate and banks, there are basically no companies with a market value of more than 1 billion Hong Kong dollars.
At present, the capacity of the Xiangjiang stock market is only so large. Currently, a group is listed on the market. If subsequent groups follow suit, Xiangjiang will not be able to absorb it.
Li Guangyu went public to make money, and this time he also went around the world to make money flow to the Hong Kong stock market. In this way, Hong Kong's status as a world financial center will be more stable.