In the afternoon, Li Guangyu listened to Zhang Ziyu, Zhao Qihui and Zhao Xiaoyan in the office about the development of their respective groups and the Li Group's affairs in Western Europe.
Gan Qinglin is worthy of being one of the three giants under Li Guangyu of the Li Consortium. There is no doubt about his ability. In just over four months, he allowed Bentley Group and British Telecom Group to open the markets of Yugoslavia and Turkey.
Li Guangyu said: "You must support Qinglin. Eastern Europe will be one of our key markets in the future, and the market competition there is relatively fair."
With the development of time, as the industries under the Li Group become larger and larger, the government intervention in various markets will become increasingly large, especially in the United States. Today they suppress this and tomorrow they restrict that, which will not allow corporate groups to do so at all.
We are on the same competitive level as American companies.
In the future, Li Guangyu will only face less pressure in Greater China and Southeast Asia. The EU's internal market may not be safe in the future. Groups headquartered in England are better and will not suffer special suppression. These groups headquartered in Hong Kong will not be affected in the future.
Maybe they will be specifically targeted as well.
Local protectionism is too normal. Countries and organizations have too many reasons to impose anti-dumping measures or impose technical restrictions to cause trouble.
Moreover, the influence of the United States in these places is not small. When the Lee Consortium companies compete with American companies for the market in the future, the U.S. government will definitely put pressure on these countries.
Zhang Ziyu said: "Li Sheng, our group has arranged for Vice President Huang Qiwei to be stationed in Austria. He will be mainly responsible for the market in Eastern Europe and coordinate with Gan Sheng's work."
At present, the main focus of the Bentley Group is in Greater China and Southeast Asia. The president of Asian affairs is concurrently served by Vice President Zhang Minqi.
Now the Eastern European market is another important emerging market for the Bentley Group, and the markets in Yugoslavia and Turkey are still very competitive.
Turkey in particular is a member of NATO, and its domestic industry is also very good. Its capabilities in the automotive field are not bad, and it is currently second only to West Germany, France, England, Spain, Italy and other countries.
The Bentley Group is currently only able to enter and occupy some markets for mid- to high-end cars. In the low-end field, the Bentley Group, like many regions, has entered into joint ventures. Lingo Automobile has established a joint venture with a Turkish domestic automobile company.
At present, the development of Bentley Group is relatively mature, and Li Guangyu also plans to list Bentley Group, which will be more conducive to the development of Bentley Group.
Li Guangyu said: "Ziyu, after you return to London this time, you will start preparing for the listing of Bentley Group. Your Bentley Group is listed on the London Stock Exchange. I will ask Wang Qigang, the deputy general manager of the accounting firm, to go to London to cooperate with your work.
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Zhang Ziyu was very happy about the listing of Bentley Group. She did not expect that Xiangyu Culture Group had just announced its listing, and then asked her to prepare for the listing of Bentley Group. It seems that Li Sheng is planning to list many of his groups in succession in the near future.
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I don’t know what made Li Sheng change his previous idea. Zhang Ziyu knew very well that Li Guangyu could only feel at ease if he had full control of the group before, and he would not let the group go public unless it was absolutely necessary.
In the view of these senior executives, Li Guangyu's worries are too much. Just like Jiayi Group, several funds under Li Guangyu still control 70% of the shares. Who can shake Li Guangyu's attitude toward the group?
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Moreover, after a group goes public, there will be far fewer restrictions on its development. Listed companies will be more open and transparent, which is conducive to the group's development in various places. Presidents like them are actually more willing to serve as presidents of a listed group.
Although she is also the chairman of the board of directors of Bentley Group, the directors on this board of directors represent several major funds. In fact, in the end, it is Li Guangyu, the shareholder behind it. This makes the boards of directors of many groups and independent companies under the Li Group not worthy of their name.
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Looking at the composition of the group's shares, we can see that there are several forces. There is no problem in establishing a board of directors or a board of directors. Anyone who knows the inside story knows that it belongs to one person, and the board of directors is just a name.
Currently, the board of directors or members of the board of directors are all senior executives of the group or company. This is just a trick played by Li Guangyu himself, to deceive those who do not know the inside story into thinking that this group has multiple shareholders.
Currently, the only real boards of directors of the Li Group are Jiayi Group, Xingyue Real Estate Group and Dongxing Real Estate Group. Jiayi is a listed group, and the board of directors is legitimate.
After all, Xingyue Real Estate and Dongxing Real Estate have another shareholder, and the board of directors is also somewhat useful. They usually don't need to pay attention to the board of directors, and their meetings are group high-level meetings.
Zhang Ziyu asked: "Li Sheng, I don't know how you plan the listing time. Currently, Xiangyu Culture Group is preparing for a road show. If I follow up immediately, it will not be conducive to maximizing our interests."
Li Guangyu is naturally aware of the situation here. If the two major groups conduct road shows at the same time, causing the two groups to go public and collide, this will affect the market value of the two groups.
"You should make plans first. Xiangyu Culture Group will be listed on February 13th. You will start road shows in late February and list in London in early May. Xiangjiang Communications Group will be listed on the Hong Kong Stock Exchange at the end of June, so you have time here.
We must grasp it well and try not to delay it to avoid affecting the listing of subsequent groups.”
Zhang Ziyu immediately assured: "Li Sheng, don't worry, our Bentley Group will be officially listed on the London Stock Exchange in early May, and it will definitely not affect the listing of Xiangjiang Communications Group."
It seems that Li Sheng is really going to list his companies on a large scale this time. These major groups are just the beginning, and many groups will follow suit, and their senior executives will also receive generous returns.
Although there are many restrictive clauses, these senior executives don't care. They have never thought about leaving the Li Group.
Li Guangyu said: "The current market value of Bentley Group exceeds 10 billion U.S. dollars. Your Bentley side has the same total shares of 10 billion shares as Xiangyu Culture Group. You will take out 500 million shares, and the headquarters will distribute them to the seven-level and above consortium in proportion.
Management, allocate 500 million shares for subscription within the group, and 2 billion shares for stock market circulation."
As there are more and more listed companies and groups in the future, it is impossible for Li Guangyu to allocate all the shares to the senior management. He also needs to give some shares to the middle management to make them more motivated to work.
Each group that goes public gives out 5% of its shares to reward its middle and senior managers, and there are some restrictions so that they can work more actively.
Even though Li Guangyu's 5% reward is several billion Hong Kong dollars at a time, it seems to be a lot at first glance, but the Li Group also has many senior executives. If nothing else, the Li Group has more than 100 senior executives above the vice president level.
There are two hundred people, and there are more than a thousand people at level 10 and above.
This time Li Guangyu expanded the scope of rewards to mid-level and senior management levels above level seven. Even Zhang Ziyu and the others received only a few million Hong Kong dollars in stock value.
The main reason is that there are too many groups under the Li Group, so there are not many of them. However, these senior executives are not disappointed. Their salaries are already very good, and these shares are worth looking forward to in the future.